MOL Table Top Drill for Bulk Carrier Collision
Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) today announced the completion of a table top drill based on the scenario of the MOL-owned and operated bulk carrier Mona Linden being involved in a collision that resulted in flooding and oil spill off Takamatsu, Inland sea, Japan. The drill involved about 60 participants including executives from MOL and MOL Group companies. The three-hour drill, from 1 p.m. to 4 p.m.
Diamond Offshore Third Order for Ultra-Deepwater Drillship
Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost, including commissioning, spares and project management, is estimated to be approximately $610 million and is anticipated to be paid out of cash flow and available funds.
Rising Demand for Technical Shipping Candidates
The latest report by shipping industry recruiters Faststream reveals that there is a rising global demand for ex-seafarers in shore based positions. In its Maritime Employment Review - Technical Shipping published today (20 May 2011), Faststream reveals an upsurge in candidate placements in 2010/11. Globally speaking, the average age of a technical shipping candidate in the past 12 months was 42 and the average salary of £55K (USD $89K / SGD $111K).
Raytheon Anschütz IBS for Namibian Research Vessel
The German navigation system supplier Raytheon Anschütz was recently awarded a contract for the delivery of an integrated bridge and navigation system for a Fisheries Research Vessel, newbuilding 1378 at STX Finland. The 62 meter long vessel is being built at STX Finland Rauma shipyard and will be owned by the Ministry of Fisheries and Marine Resources of the Republic of Namibia. STX Finland has again selected Raytheon Anschütz to deliver the integrated bridge and navigation system…
Wärtsilä Opens New Workshop In Gdansk
Wärtsilä's new workshop in Gdansk, Poland strengthens its service offerings to local shipping customers and others visiting Poland. In addition to advanced engine service work, the new workshop will also provide fuel system overhauls and overhauls of bow thruster units. Wärtsilä Corporation opens a new workshop in Gdansk, Poland on 20 May 2011. Located close to Polish shipyards and ports, the workshop…
STX OSV Contracts for Two PSVs
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping. The total value of the contracts amounts close to NOK 600 million. The vessels will be of STX OSV’s own PSV 08 design. Deliveries…
Industry Professionals Undecided on Future Oil Price
Oil and gas industry professionals are divided in opinion on whether the price of a barrel of oil will exceed $150 by the end of 2011, according to an Industry Snapshot poll conducted by GL Noble Denton at the SPE Offshore Technology Conference (OTC) 2011 in Houston. 52% of participants believed that oil will not exceed $150 per barrel by the end of 2011, while 48% thought it would. Nearly three quarters…
BOEMRE Discusses Science in Offshore Energy Development
Stressing the importance of scientific integrity in decision-making regarding offshore energy development, Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today highlighted the role of the bureau’s Outer Continental Shelf (OCS) Scientific Committee in evaluating the bureau’s research and scientific agenda. “The Scientific Committee is a vital part…
Premiere of MAN Diesel & Turbo Gas Engine
At a major event at its Diesel Research Centre in Copenhagen today, MAN Diesel & Turbo presented its ME-GI gas engine to a 300-strong invited audience of customers, licensees and journalists. The unveiling of the two-stroke engine represents the culmination of many years’ work that began in the 1990s with the company’s prototype MC-GI dual-fuel engine. MAN Diesel & Turbo originally announced plans to carry out full-scale testing of the new engine in September 2010.
Nordic Tankers Marine Chooses Transas Marine Course
Nordic Tankers Marine (Denmark) has chosen Transas Marine solutions for the ECDIS Training of its officers. Transas Marine has supplied 35 sets of Transas ECDIS Computer Based Training to Nordic Tankers Marine. Mr. Hanus Mikkelsen, Director Marine HR, Nordic Tankers Marine says: 'Training is a key element in transition to ECDIS. All our officers attend 5-days ECDIS generic training course ashore and…
MARAD Honors Memory of Richard Oliver Kelleher
Maritime Administrator David Matsuda today honored the memory of Richard Oliver Kelleher during the U.S. Department of Transportation’s National Maritime Day observation. Administrator Matsuda presented six posthumous awards to the family of Kelleher, whose death at sea during World War II symbolized the sacrifices of all U.S. merchant mariners. Accepting the awards was Kelleher’s brother, Herb Kelleher, founder of Southwest Airlines.
Christening of MV Hon. James L. Oberstar
On Tuesday, May 24, 2011, the Interlake Steamship Company vessel M/V Hon. James L. Oberstar will be christened at Duluth, Minn. Mr. Oberstar and his wife Jean, the Sponsor of the ship, will be on hand for the christening. Due to Homeland Security regulations, only invited guests will be allowed access to the vessel for tours beginning at 9 am, followed by a press conference at 9:30 am and the christening ceremony at 10:30 am.
Seasure Shipping Launches Vesselsvalue.Com
A London-based firm of Sale & Purchase shipbrokers established in 1993, today announced the launch of VesselsValue.com, the first online service that provides automated, data-driven valuations, signalling a change in the way ocean going vessels are valued. VV’s software processes the global fleet using all comparable sales, adjusting for sale recency, ship specifications and changes in freight earnings, to produce real time market values in seconds.
ABS Opens Office in Stavanger
Classification society ABS announces the opening of an office in Stavanger, Norway to further extend its global reach and provide dedicated support to its growing Norwegian client base. Known for its leadership in offshore classification and technology, the society’s Stavanger office will be staffed with a professional team of offshore engineers and surveyors focused on delivering premium class service to the region.
Dryships Increased Backlog for Ocean Rig UDW
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that Ocean Rig UDW Inc., its majority owned subsidiary, has secured further backlog, as Borders & Southern plc have declared two optional wells under the existing drilling contract for the harsh environment drilling rig Leiv Eiriksson.
Tidewater Reports Q4 Results
Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year ended March 31, 2010, net earnings were $259.5 million, or $5.02 per share, on revenues of $1,168.6 million.
Costa Favolosa Finishes Sea Trials
The Costa Favolosa has successfully completed the official sea trials. The naming ceremony is scheduled for 2nd July in Trieste, with an event dedicated to the 150th anniversary of the Unification of Italy. The Costa Favolosa, the new flagship of Costa Cruises, Italy’s largest tourism group and Europe’s no. 1 cruise company, has successfully completed her official sea trials. The ship, the 15th in Costa’s fleet…
Seanergy Maritime Holdings Reports Q1 Results
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced today its operating results for the first quarter ended March 31, 2011. “Against challenging conditions, with the BDI down 50% from Q1 2010, Seanergy’s strategy of securing long term agreements with reputable charterers, as well as the fact that we have been operating a larger fleet this year, effectively insulated our revenues from the worsening market environment seen during the first quarter of the year.
Progress Afoot in Wash. State Ferry System
The Joint Legislative Audit and Review Committee (JLARC) has issued a report noting the state ferry system’s progress in meeting legislative requirements for capital cost accounting passed in 2007.
1,200HP Tug Aries Leased in Alaska
C & K Marine of Anchorage, Alaska has leased the 75' x 27' x 11' steel, twin screw tug "Aries" from Olympic Tug & Barge, Inc. of Seattle, Wash. The lease was arranged through the auspices of Marcon International, Inc. of Coupeville, Wash. The "Aries" is a conventional Gulf Coast style tug, built in 1980 by LAD Companies in Gibson, Louisiana. The U.S. flag tug is powered by a pair of GM 16V92NA diesels producing a total of 1250 HP @ 1900 RPM…
