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Report Available

St. Lawrence Seaway Annual Report Available

The St. Lawrence Seaway Management Corporation (SLSMC) issued a statement that the 2002-2003 Annual Report is now available. Including both a narrative text and financial summary, the annual report also mentions that the SLSMC's new business plan increases maintenance expenditures by 36 percent over the next five years. Source: HK Law


Green Initiative Progress Report by US Ship Operator

Horizon Lines Ship:Photo Horizon Lines

Horizon Lines updates progress towards environmental excellence A report (available at www.horizonlines.com) presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives Program" has been release by Horizon Line.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport.


Ireland's Transport Dept. Clarifies GME EPIRB Approval

Following recent reports in the media regarding the use of Emergency Position Indicating Radio Beacons (EPIRBs) the Department of Transport, Tourism & Sport wishes to clarify the position regarding the approval and use of EPIRBs in Ireland. Fishing vessels in Ireland are subject to a comprehensive survey regime covering all safety equipment, including the EPIRB, and a safety certificate is only issued on foot of satisfactory completion of the survey


TotalFina Tightens Tanker Regulations After Erika Spill

Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships, which would not have stopped it chartering the mid-sized Erika, needed to be backed up by tougher international maritime standards and greater transparency of safety checks. "We still need a global initiative and we are still calling for tighter controls and for charterers to have more access to


Information Edge

iOra_logo_AWK WEB.jpg

Information at the Edge of the World The need for ship-to-shore information exchange has never been greater. Lawrence Poynter product director at iOra explores the sophisticated connectivity solutions that can keep the fleet afloat. For armchair sports fans, 2012 has been a bumper summer of wall-to-wall media coverage. For naval crews, getting the latest NASCAR results, football scores or Olympic record times is more difficult – but not impossible


Todd Shipyards Report 2Q Results

Todd Shipyards Corporation announced financial results for the second quarter ended September 29, 2002. For the quarter, the company reported net income of $2.0 million. For the six month period then ended, the company reported net income of $4.3 million. In the prior year second quarter ending September 30, 2001, the company reported net income of $3.0 million. Per share calculations for the second quarter and first six month period ended September 29


GlobalSantaFe Corporation Announces Update to Fleet Contract Status

Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (GSF)said that its report of drilling rig status and contract information has been updated as of June 8, 2007. The drilling rig status and contract information report on GlobalSantaFe's offshore drilling fleet is available in a condensed format via the company's Web site at http://www.globalsantafe.com. The report is located in the "Investor Relations/SEC filings" section


GlobeOffshore Now Available From Globe Wireless

GlobeOffshore, the first fully integrated workboat management system, is now available from Globe Wireless. The system acts as a decision support tool helping to improve vessel utilization, streamline operational and strategic decisions and maximize vessel efficiency. Onboard, the GlobeOffshore log captures all types of information - cargo, operational, crew and passenger, and position. The data is then available to the vessel owner via the Internet


Corps to Release Draft Proposal for Navigation Study

The U. S. Army Corps of Engineers is preparing to release a draft proposal for public comment and review in the Upper Mississippi River and Illinois Waterway Navigation Feasibility Study. The Corps' study team met with federal principals from the U.S. Department of Agriculture, Environmental Protection Agency, Fish and Wildlife Service and Maritime Administration to discuss the range of possible alternatives. The next step will be the preparation of a draft report in May


Large Tanker Fixing Slows, Rates Soften

Large tanker fixing out of the key Middle East market slowed last week as charterers had largely covered their October liftings, resulting in the softening of rates by about two and a half Worldscale points, brokers said last week. VLCCs to Japan commanded between W51 and W52.5, down from the mid W50s the previous week, while Korea was slipping to W50 by the end of the week. Westbound to the U.S. Gulf maintained W47.5, and one Continent fixture reached W50.


Russian Think Tank: Oil Exports to Decline in 2017

© Mikhail Perfilov / Adobe Stock

 A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise.  


Piracy Down by 22% in H1, Says ReCAAP

Map: Location of incidents

 A total of 36 incidents of piracy and armed robbery against ships (comprising 30 actual incidents and six attempted incidents) were reported during January-June 2017 in Asia, said a report by Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia


Total: Congo Crude Exports Unaffected by Port Strike

French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week and the sinking of a loading buoy in an unrelated accident.   Traders said on Friday that the company had declared a force


StormGeo Receives EU MRV Certification

StormGeo’s shipping division (formerly AWT) has received its certification as an EU MRV supplier by Verifavia Shipping.   The European Union’s decision to monitor CO2 emissions for most vessels in excess of 5000 gross tons affects owners or vessel managers with ships that are


Japan's Top 3 Shippers Sail to Profit in Q1

File Photo: Nippon Yusen Kaisha (NYK Line)

 The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers -  Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.   The report said that the three companies are expected to post a group pretax profit for


LNG Prices Low on Oversupply

By Henning Gloystein   The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.   Spot prices for Asian LNG <LNG-AS> were at $5


IMB Reports 87 Piracy Incidents in H1 2017

Graphics: The Standard Club

 The IMB has published its report on piracy and armed robbery for the second quarter of 2017, covering the period from 1 January to 30 June 2017. The report highlights continuing decline in the number of incidents of maritime piracy, said a press release from The Standard Club.  


Stolt Tankers Chooses Mimic Condition Monitoring Software

(Photo: Stolt Tankers)

JF Mimic, part of James Fisher and Sons plc, said it has signed an agreement to supply its specialist Mimic condition monitoring software to Stolt Tankers B.V (Stolt) to enhance operational safety and improve the technical reliability of its assets.   


Firmer MidEast, WAfrica Sentiment Supports VLCC Rates

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

Middle East rates helped by fewer old vessels; about 96 MidEast cargoes fixed, 25 to come.   Freight rates for very large crude carriers (VLCCs) could rise next week on firm sentiment in the Middle East and West Africa markets but higher oil prices and fewer floating storage opportunities


IMT Rolls Out 'Full Ride' Scholarship Program

Photo: IMT

The Institute of Marine Technology located at Warner University in Lake Wales, Fla. has recently established and is now officially launching a robust “full ride” scholarship program available by application for students participating in its innovative marine technical training program


NordLB Drops Plans to Sell Shipping Loans to KKR

German lender NordLB has abandoned efforts to sell a 1.3 billion euro ($1.5 billion) portfolio of shipping loans to KKR, Handelsblatt reported on Monday, citing a spokesman for NordLB. NordLB had said in April it hoped to complete a deal by the end of June.


El Faro Investigators Call for Better Weather Forecasting

The eye of Hurricane Joaquin is visible in the lower left corner of this image taken from the International Space Station October 2, 2015. (Photo: NASA)

New recommendations coming out of the investigation into the 2015 sinking of U.S. cargo ship El Faro call for efforts to improve the weather information available to mariners.   All 33 crew on board died when the 790-foot El Faro sank close to the eye of Hurricane Joaquin near the Bahamas


All Maersk Major IT Systems Back Online

A Maersk boxship alongside working cargo. (File Image: Maersk)

Danish shipping giant A.P. Moller-Maersk said it has restored its major applications, as it brings its IT systems back online after being hit by a major cyber attack last week.   "Today we can finally reopen our key applications," Maersk said in a statement on Monday.  


Oil Spilled After U.S. Train Derailment

File Image: A typical Crude Oil train in the United states makes its way south along inalnd waterways. CREDIT: Dagmar Etkin

Canadian National Railway Co said about 20,000 gallons of oil was released following a freight train derailment at Plainfield, the U.S. state of Illinois on Friday, according to a filing with state pollution regulators.   The cause of the derailment was unknown


Cyber Attack Hits 17 APM Container Terminals

Photo: Dick Sellenraad / Port of Rotterdam

Seventeen shipping container terminals run by APM Terminals have been hacked, including two in Rotterdam and 15 in other parts of the world, Dutch broadcaster RTV Rijnmond reported on Wednesday. APM Terminals is a subsidiary of shipping giant Maersk






 
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