USS Little Rock Arrives in Mayport
The U.S. Navy’s newest Freedom-variant littoral combat ship has finally reached its homeport in Mayport, Fla. after a winter trapped in the icy north. Built at the Marinette Marine Corporation shipyard in Marinette, Wisc., the USS Little Rock (LCS 9) was scheduled to sail for its Florida homeport following a December 2017 commissioning ceremony in Buffalo, N.Y., but worse-than-expected ice conditions in the St.
US Could Reach 355 Ship Navy in 2030s -Official
The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday. The goal of a larger Navy, one of President Donald Trump's signature issues from the campaign trail, could be achieved in the 2030s instead of the 2050s…
IMO Reaches Deal to Cut CO2 Emissions
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets. Kitack Lim, Secretary-General of the International Maritime Organization (IMO), said the adoption of the strategy "would allow future IMO work on climate change to be rooted in a solid basis".
Twin Disc Equips Seacor's New Crewboats
When cargo and crew need to get to an offshore platform fast, Seacor Marine delivers with its new Seacor Panther and Seacor Puma. Part of its CrewZer Class of state-of-the-art transport vessels, the 187' x 41' high-speed aluminum catamarans reach 40 kts—a dramatic speed improvement over traditional FSVs (fast support vessel). This blazing-fast speed is due to an innovative hull design, and high-performance…
Russia's Grip on Biggest Port Operator Tightens
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov, head of the Summa conglomerate which with a joint venture partner owns a 50.1 percent stake in the port operator.
Norddeutsche Reederei Upgrades Connectivity
Norddeutsche Reederei said it will begin installing Navarino’s Infinity Cube solution across its fleet of 50 vessels.The company has a fleet consisting mostly of modern container vessels which trade worldwide.Christian Mix, Norddeutsche Reederei’s IT Marine System Administrator, said, "We are in the process of further upgrading our connectivity capabilities based on our last year finished VSAT installation…
Fire in Sauna Shuts World's Northernmost Oilfield
The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers off the coast of Norway and inside the Arctic Circle. The platform has floating production, storage and offloading facilities and can produce close to 100,000 barrels of crude per day.
Ingalls to Reactivate East Bank Facilities
Huntington Ingalls Industries announced Thursday that its Ingalls Shipbuilding division will reactivate part of its shipbuilding facilities that was destroyed by Hurricane Katrina in 2005. The site on the east bank of the Pascagoula River is the original Ingalls Shipbuilding Corp., founded in 1938. According to the shipbuilder, its reactivation will restore the facility’s ability to support Ingalls’…
Teekay launches digital dashboard 'The Helm'
Teekay Tankers Ltd. has launched a vessel dashboard portal called The Helm that is designed to give pool partners a transparent, real-time direct link to commercial, technical and market data pertaining to their vessels.For Teekay Tankers CEO, Kevin Mackay, The Helm is a way Teekay Tankers can harness digital technology and big data tools to stay at the forefront of tanker market trends: “Our commercial…
Georgia Ports' Box Volume Jumps 14%
The Georgia Ports Authority achieved 14 percent growth in March container volumes, moving 355,208 Twenty-foot Equivalent Unit containers. For the fiscal year to date (July-March), TEU container trade grew by 9 percent, or 255,786 additional units for a total of 3.08 million, a new record for Savannah. "Savannah's continued strength is a reflection of our customers' commitment, Georgia's leadership…
Rolls-Royce, GSL to assemble MTU engines
Rolls-Royce said it has reached a deal with Indian naval shipbuilder Goa Shipyard Limited (GSL) to cooperate in the local manufacturing of technologically-advanced MTU Series 8000 engines. Under the agreement, which was signed this week at the defense trade show Defexpo in India, the companies will assemble the 16-cylinder and 20-cylinder MTU Series 8000 engines at GSL’s new facility in Goa.The MTU…
Monjasa Group Improves Results
Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017. Together, this led to a financial turnaround compared to an unsatisfactory 2016. Monjasa Group's annual report for 2017 displays growth in revenue to USD 1.4bn (USD 1.2bn) primarily caused by a 19% increase in oil prices. The Group delivered EBIT of USD 7m (-17m) and a net profit of USD 7m (USD -26m)…
Shell, AET Deal for LNG Aframaxes
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping Company formalised arrangements for the long-term charter of AET’s two newbuild liquefied natural gas (LNG) dual-fuelled Aframax tankers. AET’s two 113,000 dwt vessels are currently being built by Samsung Heavy Industries in South Korea and are due for delivery from Q3 of 2018.
Africa’s Ports Can Accelerate Growth: PWC
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade and promote overall economic development and growth is therefore vital – particularly in emerging economies that are currently under-served by modern transportation facilities.
Port of Long Beach Cargo Volumes Swell 19.4% in 1Q
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March. The quick start is 19.4 percent more than the first quarter of 2017, the Port’s busiest year ever. The previous first quarter record was set in 2007. March throughput reached 575,258 TEUs, an increase of 13.8 percent compared to the same month last year.
Navy to Christen Littoral Combat Ship Indianapolis
The US Navy will christen its newest Freedom-variant littoral combat ship, USS Indianapolis (LCS 17), during a 10 a.m. CDT ceremony Saturday, April 14, in Marinette, Wisconsin. The future USS Indianapolis, designated LCS-17, honors Indianapolis, Indiana's state capital. She will be the fourth ship to bear the name. The principal speaker will be former U.S. Senator Richard Lugar of Indiana. Mrs. Jill Donnelly, wife of U.S. Senator Joe Donnelly of Indiana, will serve as the ship's sponsor.
Russia's Aston to Build 4 New Ships
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the contracts with two Chinese shipyards for a construction of 4 ships. Addressing the unnamed Chinese shipbuilders Vadim Vikulov has mentioned the following: "The long way begins always with a first step. I am proud that we have done it. A press release stated that out of the series of 10 modern ships Aston planned…
PortMiami Approves Norwegian Cruise Line Terminal
Miami-Dade County has given the green light for construction to begin on the sleek new terminal for Norwegian Cruise Line (NCL) terminal, designed by Miami-based architecture firm Bermello Ajamil & Partners. The county will invest up to USD 100mln to build 166,000-square-foot terminal at PortMiami, augmented by funds coming from Norwegian Cruise Line Holdings. Commissioners also agreed to advance project costs not to exceed an additional $65m.
Orient Overseas Back to Black
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35.0 cents. The Chairman of OOIL, C C Tung, said, “The economic backdrop for 2017 was more robust than forecasters had expected. Following a decade of low growth…
Fieldwood Hungry for US Offshore Output
The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S. outer continental shelf - announced on Thursday it is closing a $480 million acquisition of Noble Energy’s assets in the Gulf of Mexico that will add 25…