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Sunday, October 22, 2017

Annual Report

MarAd Releases Annual Report

The Maritime Administration (MarAd) released its Annual Report for fiscal year 2005. The 68-page report addresses activities of the Ready Reserve Force (RRF), the Maritime Security Program (MSP), the Title XI program, cargo preference activities, and other MarAd programs. Source: HK Law

OECD Maritime Transport Committee Annual Report

The Organization for Economic Cooperation and Development (OECD) released the Maritime Transport Committee Annual Report 2002

Manitowoc Company Files 2006 Annual Report on Form 10-K

The Manitowoc Company (announced that the company has filed its Annual Report on Form 10-K for the year ended December 31, 2006 with the Securities and Exchange Commission. The filing can be accessed on the company’s Web site at www.manitowoc.com.

BSEE Launches Efforts to Reduce Offshore Risk

BSEE Director Brian Salerno announces key efforts to reduce risk offshore   Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno made two announcements during a press conference in Houston Tuesday at the Offshore Technology Conference (OTC) - each aimed at reducing the risks associated with offshore oil and gas operations.   First, Director Salerno announced the launch of the SafeOCS program

This Day in Naval History – Dec. 31

1862 - USS Monitor founders in a storm off Cape Hatteras, NC. 1941 - Admiral Chester W. Nimitz assumes command of U.S. Pacific Fleet. 1942 - Commissioning of USS Essex (CV-9), first of new class of aircraft carriers, at Norfolk, VA 1948 - Last annual report by a Secretary of the Navy to Congress and the President filed by SECNAV John L. Sullivan. Thereafter the Secretary of Defense would report annually to Congress.

Pushing for Inland Waterways Funding

Stressing the high value to the nation and the critical condition of some of its chief assets, the Inland Waterways Users Board released its Annual Report to Congress, and provides recommendations related to the inland waterways system of the United States. Sent to Assistant Secretary of the Army John Woodley, President of the Senate and Vice President Dick Cheney, and Speaker of the House Dennis Hastert, this year's report strongly urges Congress and the Administration to view our nation’s

This Day in Naval History – Dec. 29

1798 - First annual report by Secretary of the Navy, sent by Benjamin Stoddert. 1812 - USS Constitution (Captain William Bainbridge) captures HMS Java off Brazil after a three hour battle. 1943 - USS Silversides (SS-236) sinks three Japanese ships and damages a fourth off Palau. (Source: Navy News Service)

NOAA Unveils Collection of Civil War Maps and Nautical Charts

In honor of the 150th anniversary of the Civil War in 2011, NOAA has assembled a special historical collection of maps, charts, and documents prepared by the U.S. Coast Survey during the war years. The collection, “Charting a More Perfect Union,” contains over nearly 400 documents, available free from NOAA’s Office of Coast Survey website. “People are planning now for their visits to Civil War sites next year

US Freedom of Navigation Ops Targeted 13 Countries Last Year

The U.S. military carried out freedom of navigation operations against 13 countries last year, including several against China for what it views as excessive claims to maritime and airspace jurisdiction, the Pentagon said in an annual report on Monday.   The Defense Department carried out multiple freedom of navigation operations against China, India, Indonesia, Iran, Libya, Malaysia, the Maldives, Oman, the Philippines and Vietnam, the two-page report said.  

Zepol Publishes 2012 Port Report

Zepol Corporation released a report analyzing the trade activity for the top 20 ports in the United States. The annual report provides detailed import information for each port and compares trends to the previous year as well as sheds light upon potential future developments. Four Key Insights Found in the Report: 1. The top port in the U.S., the Port of Los Angeles, surpassed all other ports by over 1 million TEUs (twenty-foot containers) and over 500,000 shipments.

U.N. Bans Four Ships over N.Korea Coal, U.S. Mulls Four More

File Image (CREDIT: AdobeStock / (c) )

The United Nations Security Council has banned four ships from ports globally for carrying coal from North Korea, including one vessel that also had ammunition, but the United States postponed a bid to blacklist four others pending further investigation.   The vessels are the first to be designated under stepped-up sanctions imposed on North Korea by the 15-member council in August and September over Pyongyang's sixth and largest nuclear test and two long-range ballistic missile launches

MRV Made Easy: NAPA Updates Performance Monitoring System

(Image: NAPA)

Maritime software, services and data analysis provider NAPA said it has updated its performance monitoring and reporting systems to enable simple, straightforward compliance with EU Monitoring, Reporting and Verification (MRV) legislation. Users of NAPA Shipping Solutions, ClassNK-NAPA GREEN and NAPA-DSME Power can easily generate MRV reports and include their performance monitoring software as their data collection method in the monitoring plan due on August 31, 2017.   

Chinese Port Operators Optimistic of Future

© anuphadit / Adobe Stock

 The outlook for global container port demand growth is now more optimistic, and Chinese players are on the acquisition trail in an aggressive and highly confident manner, said a report from Drewry.    Major M&A deals are changing the landscape, with more to come, according to the Global Container Terminal Operators Annual Report 2017, now in its 15th year of publication by global shipping consultancy Drewry.  

ClassNK Publishes Annual Report on Port State Control

(U.S. Coast Guard photo by Valerie Walker)

ClassNK has released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2016.   PSC inspections ensure that vessels departing the port meet international standards and have proved to be highly effective in eliminating substandard ships that are in operation

12 Flags on Paris MOU Black List for 2016

Logo: Paris MOU

 At its 50th meeting last month, the Paris MoU Committee approved the 2016 inspection results and adopted new performance lists for flags and Recognized Organizations. These lists will take effect from 1 July 2017.   The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. It is based on the total number of inspections and detentions over a 3-year rolling period for

Korea’s Big 3 Yards in Path of Recovery

Photo: Samsung Heavy Industries

 South Korea’s shipbuilders are expected to recover this year after suffering from a global industrywide slump, reported The Korea Economic Daily.   The report said that Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have already achieved more than a half of their annual targets.   SHI clinched deals worth US$4.8 billion coming into this year, which accounts for 74 percent of its annual target of $6.5 billion. It won orders for 13 ships worth US$4

Pak Shipbreaking Yards in Dire State

Pic: NGO Shipbreaking Platform

 The conditions at the shipbreaking yards in Pakistan are extremely dire, says the annual report by NGO Shipbreaking Platform.    As in India and Bangladesh, the yards in Gadani operate directly on the beach without any impermeable and drained working areas protecti ng the sea and sand from pollution.    As there is no infrastructure to deal with hazardous wastes in Gadani, dangerous and polluti ng substances such as asbestos

Greece Tops World's Worst Shipping Nation

Image: NGO Shipbreaking Platform

 NGO Shipbreaking Platform Annual Report 2016 listed Greece as number one in World's Worst Shipping Nation followed by China.   It may be surprising for a country whose industry is proud of green technology and engineering solutions, but in 2016 Germany was responsible for the worst shipbreaking practices amongst all shipping nations when one compares the size of its fleet to the number of ships broken irresponsibly.   

Hapag-Lloyd to Omit UASC in 2017 Financials

Photo: United Arab Shipping Company (UASC)

 The outlook for the 2017 financial year is based on the Hapag-Lloyd Group’s existing business activities as at 31 December 2016 and therefore does not include UASC’s business activities or the acquisition of UASC in 2016.    A statement from the company said that the present outlook for the business 2017 will be omitted following the merger of Hapag-Lloyd and UASC which is expected to be completed at the end of May 2017.  

Cuban Refined Oil Product Exports Drop Sharply

Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela.   The UN Comtrade annual report put the value of Cuban fuel exports last year at $15.4 million, compared to more than $500 million in 2013. The amounts for 2015 and 2014, when oil prices collapses, were $163.5 million and $336.8, respectively.  

Petronas Targets New Markets for LNG

Photo :Petronas

Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters on Monday. State-owned Petroliam Nasional Berhad, known as Petronas, also sees significant growth potential for LNG in India, Pakistan, Bangladesh and some parts of Southeast Asia, its upstream CEO Mohd Anuar Taib said. "The key for us in the LNG business is to figure out a way to broaden and expand the customer base

London P&I Club Reports Increased Free Reserves for 2016/2017

Ian Gooch (Photo:  London P&I Club)

The London P&I Club has issued an advance summary of its result for the 2016/2017 financial year, ahead of the publication of its annual report. The Club recorded an overall surplus of $27.3 million, increasing the free reserve to $188 million. The combined ratio was 97.9 percent. The positive technical performance was supplemented by an investment return of 8.4 percent. Ian Gooch, CEO of the Club’s management team commented

Hapag-Lloyd: Positive Operating Result in a Challenging Environment

Photo: Hapag-Lloyd AG

 Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC.   Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR 126.4 million (previous year: EUR 366.4 million)

Despite Sanctions Relief, Shell Still Cool on Iranian Oil Buys

Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade. The Anglo-Dutch firm did not give a reason for the drop in purchases, which were disclosed in its annual report, and the company declined to comment further. But oil trading sources say Iranian oil is often too expensive and in any case remaining sanctions make

Marine Contracts Hits Low, Says Wartsila's CEO

Jaakko Eskola. Photo: Wärtsilä

 In the marine markets, contracting activity fell to an exceptionally low level, Jaakko Eskola, President & CEO, Wärtsilä said in the annual report 2016.   The majority of the volume decline was seen in the shipping industry, where overcapacity and low earnings remain the key challenges. Low oil prices and reduced capital expenditures from oil companies continued to limit demand also in the offshore industry.   

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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