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Port of Long Beach Buys New Temporary HQ

The New HQ: Photo credit Port of Long Beach

Board approves move to temporary headquarters at 4801 Airport Plaza Drive. The Port's administrative staff of about 350 people is expected to move to Airport Plaza in 2013. The Board stressed that the move is temporary, and that discussions will begin soon on building a permanent headquarters in or near downtown Long Beach.

 "I am relieved that we have identified a secure, temporary home," said Board President Susan E. Anderson Wise. “Regardless of what address we have, this Port will continue to be a leader in the shipping industry.” Wise, and commissioners Rich Dines, Doug Drummond and Nick Sramek voted in favor of purchasing the Airport Plaza building. Board Vice President Thomas Fields voted against.

 The purchase price for the vacant building, which was once occupied by the Boeing Corp., is $14.25 million. The Port expects to spend another $9 million in renovations. The closing date for escrow is December 27.

 The current Port Administration building at 925 Harbor Plaza, built in 1959, is overcrowded and does not meet today’s seismic standards. The Harbor Commission has placed a priority on moving the Port staff out of the current location because of overcrowding and safety concerns.  


EL Paso Corporation Responds to Trading Activity

El Paso Corporation issued a statement responding to the unusual trading activity in its stock. "The death of our corporate treasurer, Charles Dana Rice, has been a great loss to our corporation and to me personally," said William A. Wise, chairman, president, and chief executive officer. "This is a tragic event for our company; however, the market reaction is unwarranted. We announced a comprehensive repositioning plan last week and are making good progress in implementing this plan


T.I. Announces Expansion in Europe

Titanium Industries, Inc. (T.I.) announced the recent opening of a new sales office in Duisburg, Germany. This new facility is an integral part of T.I.'s global growth strategy with specific focus on the European Market including expansion on the continent. T.I. currently has existing international locations in Sao Paulo Brazil, Montreal Canada, Birmingham England, Bergen Norway, Taipei Taiwan, Shanghai China, and Bangalore India. In addition, T.I. has nine U.S. locations.


World Submarine and MRO Market to Reach USD 36.6 Bln by 2025

Image: Australian Navy

 The worldwide submarine market space is expected to increase from a value of USD 22.9 billion in 2015 to USD 36.6 billion by 2025, posting a CAGR of 4.78% over the forecast period, says a report by by Strategic Defence Intelligence (SDI).   North America is expected to dominate the market, with APAC and Europe following after.    The USA is the country that spend the most on the military, with a cumulative spending of USD 112.2 billion over the next ten years. 


GE Shipping Q1 Net Up 45%

Photo: Great Eastern Shipping Company

 India's  largest domestic ship liner Great Eastern Shipping Company today reported a 45 percent jump in its consolidated net profit to Rs 323.67 crore ($50 million) for the quarter ended June 30, on the back of higher income.   Sales during April-June rose 17 percent to 947 crores versus 808.2 crores. GE Shipping's finance costs fell to 69.9 crore rupees compared with 75.3 crore rupees earlier. Segment wise, shipping sector contributed Rs 563


Energy Action Month Reinforces Navy's Energy Resiliency

A U.S. Navy graphic provided by the Chief of Naval Operations Energy and Environmental Readiness Division for Navy Energy Action Month. (U.S. Navy photo Release)

Through a presidential proclamation, October has been designated as Energy Action Month to stress the importance of energy for our nation's economic vitality today and for a sustainable future. The Department of Navy's Energy Action Month theme for 2016 is "Power. Presence." This theme illustrates the strong connection between the Navy and Marine Corps' wise use of energy and our ability to be when and where we're needed for national security and humanitarian assistance missions


MTN Announces Partnership with BATS

BATS Technology Delivers the Throughput, Optimization, and Stronger, Higher Reliability Broadband Connections Passengers and Crew Demand.     MTN Satellite Communications (MTN) announces BATS has entered into an exclusive partnership with MTN to market the Broadband Antenna Tracking and Stabilization (BATS) system to the cruise, ferry and large yacht markets. This end solution is a hybrid network service, leveraging both satellite and terrestrial broadband


California Leaders to Convene for Maritime Conference

Photo: The Port of Los Angeles

The 14th Annual California Maritime Leadership Symposium, slated to take place February 19-20 at the Sacramento Convention Center, attracts key members from California’s State Legislature and representatives from California’s ports and the maritime industry. The symposium aims to encourage productive dialogue among maritime industry leaders and communicate port needs to California decision makers. The symposium is hosted by a broad-based coalition of the maritime industry


DMC Partners to Develop "The Dolphin Residence"

28 5 14 Dolphin Residence - Artists Impression.JPG

Dubai Maritime City (DMC) announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City; Sharafuddin Sharaf


SNA Seeks to Raise Funds for Wounded Warrior Project

For the past two years, the Greater Washington Chapter of the Surface Navy Association (SNA) has conducted a campaign to assist our wounded  shipmates recovering at the in   More than 800 DVDs for the Sailors and marines were collected to enjoy during their recuperation.  The following year SNA collected funds and donated 155 portable DVD players. This year the organization want to do something meaningful for those of our  shipmates limited in their ability to get out


OOCL is 'The Perfect Bride' -Drewry

Photo: OOCL

Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company, earning the moniker “The Perfect Bride” by Drewry Maritime Financial Research.   


Transas CEO Coles Speaks on the Future for Seafarers

Frank Coles, CEO, Transas  (Photo: Transas)

A message from Frank Coles, CEO of Transas on the International Day of the Seafarer. On this day of recognition, I would like to celebrate the women and men who commit their careers and their lives to being at sea for extended periods of time.  


EALs Rise Up on Deck

Boat Image.jpg

The next critical area of consideration for the use of Environmentally Acceptable Lubricants is on deck. What’s leaking into the water from your cranes and winches?    Vessel fleets face an increasing number of environmentally-focused regulations


Med Diesel Diffs at 21-month High

File Image (CREDIT: AdobeStock / (c) Carabay)

A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.   "It's almost impossible to find cargoes for the first half of May in the Mediterranean


DMCA Visits Seacor Marine

Dubai Maritime City Authority visits Seacor Marine to further reinforce local maritime sector in partnership with private sector. Photo: Dubai Maritime City Authority (DMCA)

Dubai Maritime City Authority visits Seacor Marine, a major operator of offshore marine support vessels, to further reinforce local maritime sector in partnership with private sector.   Led by Amer Ali, Executive Director of DMCA, and Nawfal Al Jourani


India's Sagarmala Program: 415 Projects, $120 Bln Investment

Indian Prime Minister Narendra Modi. Photo: PIB

 Under India's prestigious Sagarmala Programme,  415 projects, at an estimated investment of approximately  INR 8 Lac Crore (USD 120 Bln) , have been identified across port modernization & new port development, port connectivity enhancement


Multi-Nation Naval Exercise in Australia

An embarked MRH-90 helicopter from HMAS Adelaide conducts a vertical replenishment, as HMAS Success transfers fuel to Adelaide during Exercise Ocean Explorer 17. Photo: Royal Australian Navy

 Warships from Australia, Italy, New Zealand and Spain are currently exercising off the Western Australian coast honing war-fighting skills and enhancing joint operating procedures.   The multi-national maritime task group, consisting of more than 17 ships and aircraft


Rossinavi Launches Endeavour II

Photo: Rossinavi

 Italian yard Rossinavi has launched its new 49.9-metre superyacht Endeavour II during a ceremony attended by 300 guests and shipyard staff. Known as project FR032, the yacht is built entirely out of aluminium to a design by Team 4 Design.  


Yacht Industry to Reach $51bln by 2020

Image: Sanlorenzo SPA

 In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period, according to Market Report.   Region wise, Eastern Europe is expected to see the largest growth of 7


Indian Ports to Go Green

Indian Prime Minister Narendra Modi. Photo: PIB, Govt of India

 The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.    The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and


Georgia Ports See Double-digit Growth in December

Photo courtesy of GPA

The Georgia Ports Authority marked 12.3 percent container volume growth in December, moving 292,172 twenty-foot equivalent container units, an increase of 32,099 TEUs compared to December 2015, a record for the GPA.   Roll-on/Roll-off cargo mirrored that growth, with a 12


Soo Lock Modernization Presents $1.7 Bln Benefit -Study

A new study commissioned by the U.S. Treasury Department lists modernization of the locks at Sault Ste. Marie, Mich., as one of the 40 American transportation and water “megaprojects” that could bring as much as $1.3 trillion in national economic benefits


Qatargas starts operations at Laffan Refinery 2

Photo: Qatargas Operating Company Limited

 Qatargas, the world's largest LNG producer, announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in the State of Qatar.    The project will refine 146,000 barrels per day of condensate from the North Field


H&S Container Line Starts New Rail Shuttle

Photo Courtesy: H&S Container Line

Since December 14 2016, multimodal rail operator H&S Container Line is offering a direct rail connection between the port of Antwerp and Andernach (Germany, Rhineland-Palatinate).    Andernach’s trimodal terminal is already connected to Antwerp with a frequent barge service


NOIA Congratulates Trump, Urges Path Forward on Offshore Development

U.S. President-elect Donald Trump Photo VoA

 NOIA President Randall Luthi today released the following statement on the election of Donald Trump as the next U.S. President:   “On behalf of the National Ocean Industries Association (NOIA), I congratulate President-elect Trump on his victory at the polls






 
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