BP Expects 90% Compliance for Marine SOx Emissions Caps
Oil major BP Plc expects more than 90 percent of the world's shipping fleet will comply with new regulations slashing sulfur levels ships are allowed to burn starting 2020, a company executive said on Tuesday. Coming International Maritime Organization (IMO) rules will cut the amount of sulfur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020. "Potential non-compliance is a significant issue that the market has been contending with," Jason Breslaw, who leads BP's distillate trading origination across the Americas, said at an industry conference in New Orleans.
Peak Gasoline Demand Looms with Engine Efficiency Gains
Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said. Global demand for gasoline, which accounts for more than a quarter of the world's oil consumption, is set to peak as early as 2021 even in the face of relentless growth in the vehicle fleet, according to the Edinburgh-based consultancy. A rise in the number of hybrid and electric cars such as the Nissan Leaf, Toyota Prius and Tesla as well as tighter fuel standards in Europe and the United States will contribute to a historic shift in consumption.
Oil Rises on Record Indian Imports, Hopes of Output Caps
Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market. Global benchmark oil futures, the Brent and U.S. West Texas Intermediate (WTI) contracts, have both risen more than 10 percent since the end of September on prospects major crude producers would freeze or cut production to stem an oversupply in the market. However, doubts remain as to the intentions of major suppliers such as Saudi Arabia and Iran and the effectiveness of any agreement in reining in output from record highs. Brent crude futures were up 26 cents at $52.67 a barrel by 1115 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 23 cents to $51.02 a barrel.
Boskalis Expands Fleet With The Coastway
Coastway, a new 4,900 m3 trailing suction hopper dredger for Westminster Dredging Company of Fareham, will be launched today at the Merwede Shipyard in Hardinxveld-Giessendam. Mrs. J.M. van Gelder-Wolff, wife of R. van Gelder, chairman of the board of Management of Royal Boskalis Westminster nv, will perform the inauguration and launch of the Coastway. The Coastway, with its shallow draught and large loading capacity, has been designed to carry out on and foreshore beach replenishment, dredging and maintenance work in shallow water, which generally involves silt, sand, gravel and soft clay. Its jetwater installation allows for dredging of densely packed material. The Coastway is also prepared for the desalination of sand from sea.
MCA’s CEO Massey to Retire by End 2018
Maritime & Coastguard Agency (MCA) chief executive Sir Alan Massey announced he plans to retire from the role before the end of 2018. The Department of Transport will begin its search for Massey’s successor on March 19. Massey will continue in his role until late 2018 to allow the chief executive appointment process to take place. Massey joined the MCA in July 2010 after a 33-year career with the Royal Navy, where he left as Second Sea Lord. During his eight-year tenure at MCA…
FSL Appoint Alan Hatton CEO
The Board of Singapore's financially-turbulent FSL Trust Management Pte. Ltd. has appointed Investment Banker Alan Hatton to be CEO of the Trust. Alan Hatton joins FSL Trust from FR8 where he has been CEO since 2008. He joined FR8 as CFO in 2007 and has significant commercial shipping experience including negotiating and executing time charters, sale & purchase deals and risk management strategies. Previously, Alan was an investment banker working in Mergers & Acquisitions and Corporate Finance for Lazard and Dresdner Kleinwort in London. Alan has an M.Sc. and B.Sc.
Rolls-Royce Takes Davies on Board
Rolls-Royce appointed Alan Davies as a Non-Executive Director. He will join the Board with effect from November 1, 2015 and will become a member of the Nominations and Governance Committee, and the Audit Committee. Alan Davies is currently Chief Executive of Rio Tinto's Diamonds and Minerals division. He joined Rio Tinto in 1997 and has held a number of senior positions in Australia, London and the US, predominantly in Rio Tinto's Iron Ore product group where he has served as CFO, Managing Director Global Development and as President International Operations.
Braemar Adjusting Expands London Team
Braemar Adjusting continues its development and expansion with the recruitment of new personnel to its London-based loss adjusting team. Geoffrey Thomas, Braemar Adjusting Regional Managing Director, said, “We welcome Alan Tucker, Richard Collins and Patricia Castro to our team here in London. Alan Tucker holds a BSc. in Maritime Law/Insurance and Naval architecture and is currently part way through an MBA in Oil & Gas Management. Alan rejoined Braemar in July 2013 after living and consulting in Brazil, having previously worked for Braemar Adjusting (formerly Steege Kingston) from 2000 to 2004 when he spent much of his time working on cases in Europe and West Africa.
General Dynamics NASSCO Delivers USNS Alan Shepard
General Dynamics NASSCO delivered USNS Alan Shepard (T-AKE 3) to the U.S. Navy. The ship is named in honor of the late Mercury and Apollo astronaut. USNS Alan Shepard will remain in San Diego for about three months to conduct crew familiarization and final outfitting. The ship will be part of the Navyâ€™s Military Sealift Command fleet and will operate in support of the Navyâ€™s Pacific Fleet. With a cargo capacity of more than 10,000 tons, Alan Shepardâ€™s primary mission will be to deliver food, ammunition, fuel and other provisions from shore stations to combat ships at sea. The Alan Shepard is the third in an expected class of 11 dry cargo-ammunition ships for the Navy. Construction of the 689-foot-long ship began in September 2005.
Kemp Succeeds Semple at Wood Group
Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Alan has been CFO and a member of the board since 2000. David Kemp, CFO of Wood Group PSN will succeed Alan and will join the board as an executive director following the 2015 annual general meeting.
General Dynamics NASSCO Launches USNS Alan Shepard (T-AKE 3)
U.S. Navy's newest resupply ship, USNS Alan Shepard (T-AKE 3). named in honor of the first American astronaut in space. first U.S. Navy ship ever to be named after an astronaut. The ceremony took place in San Diego at the NASSCO shipyard. John H. of Staff, was the principal speaker for the ceremony. Mrs. it during the morning ceremony. Anders and Eugene Cernan -- were also in attendance. 1944. 1959. landing. He retired from NASA and the Navy as a rear admiral in 1974. scholarships. cargo- ammunition ships for the Navy. T-AKE ships. delivered to the Navy on June 20. operating costs over its projected 40-year service life. Construction of USNS Alan Shepard began in September of 2005. summer of 2007. sea. fuel.
Keel-Laying of Third T-AKE Ship
U.S. Navy Rear Admiral Carol M. Pottenger, Commander, Military Sealift Fleet Support Command, was the honoree for the keel-laying event, welding her initials into the keel of the T-AKE 3, the USNS Alan Shepard. With her are Dave Morton, Program Manager, Naval Fleet Auxiliary Force Program (L) and Art Diaz, MSC Ship Construction Senior Owners Representative. General Dynamics NASSCO on February 14, 2006, held the keel-laying ceremony for USNS Alan Shepard, the third ship in the U.S. Navy’s T-AKE program. Designated the Lewis and Clark class, the new T-AKE ships fulfill combat logistics force requirements. The keel-laying ceremony is a NASSCO tradition, signifying an important milestone as a new ship begins to take shape on the company’s building ways.
Navy Christens USNS Alan Shepard
Military Sealift Command (MSC) advanced auxiliary dry cargo/ammunition ship USNS Alan Shepard (T-AKE 3) slides backwards into San Diego Bay during a christening ceremony held at the National Steel and Shipbuilding Company (NASSCO). The Shepard is the third Lewis and Clark class supply ship to be launched and is scheduled to join the fleet next summer. U.S. Navy photo by Mass Communication Specialist 3rd Class Patrick M. The Navy christened USNS Alan Shepard (T-AKE 3), the newest ship in the Lewis and Clark class of underway replenishment ships Dec. 6, during a launching at General Dynamics National Steel and Shipbuilding Company (NASSCO), San Diego. The ship honors the first American in space, Rear Adm. Alan B. Shepard Jr.
MarAd Appoints Hicks
The Maritime Administration has named Alan T. Hicks to head its new Southern California Gateway Office in Ten Gateway Offices have been established in the Nation's largest ports to place a team of intermodal maritime experts "on the ground" that work with headquarters staff, state and local authorities and a broad range of port, shipper and carrier stakeholders to cooperate on projects. The goal is to work on reducing congestion, improving freight and passenger movement, and addressing environmental and community challenges in the ports, intermodal connections, and key freight and passenger corridors. The Southern California Gateway Office will provide support in , Southern California (South of Point Conception), West Coast of Mexico, and . Prior to this appointment, Mr.
New Foot/Bike Ferries Inaugurated
In mid-March the new foot/bicycle ferries Prinses Máxima and Prins Willem-Alexander were inaugurated. Two years ago, on 26 March 2002, the Queen’s Commissioner in the Province of Zeeland Mr W.T. van Gelder and the contracting shipyard B.V. Scheepswerf Damen Gorinchem, signed the contract for the construction of two new foot/bicycle ferries. The ships, which are identical, are so-called SWATH vessels (Small Waterplane Area Twin Hull). In SWATH vessels, the part of the vessel that is visible above the water surface ‘flies’ over the water…
EWEA Offshore to Highlight Safe Working Methods
Effective sharing of marine construction experience, safe methods of working and recommended practice for offshore installation will lie at the heart of presentation by Alan MacLeay at EWEA Offshore 2013 in the "Synergies with other maritime technologies" session on November 20 in the "Industrializing the supply chain" track. The offshore wind energy industry does not exist in isolation, and learning from and integrating other maritime sector technologies and methodologies presents opportunities for mutual cooperation and is a vital step to increasing safety levels. Alan MacLeay is currently the engineering director for renewables at Seaway Heavy Lifting and chairman of the International Marine Contractors Association (IMCA) Renewables Workgroup…
Imtech Management Quits as Turnaround Stalls
CEO, CFO to step down, new CEO from inside company. The CEO and finance chief of Dutch builder Imtech have resigned from the company, as a drop in sales and weaker profit margins showed plans to restore confidence following an accounting scandal were faltering. Chief Executive Gerard van de Aast and Chief Financial Officer Hans Turkesteen were appointed in 2013 after the previous management quit over an accounting fraud in Germany and Poland that wiped millions off its balance sheet. Board member Paul van Gelder will take over as CEO in 2015. Van de Aast will retire, while Turkesteen will leave after 2015 results have been finalised.
Navy to Honor Alan Shepard in Naming New Ship
The U.S. Navy will honor New Hampshire astronaut Alan Shepard by naming a new combat support ship after him. The state's congressional delegation announced the tribute Friday. The USS Shepard is being built in San Diego by National Steel and Shipbuilding Co. It will join the Navy fleet in March 2007. It will be 1,000 feet long and its primary mission will be to deliver supplies to Navy ships, transfer cargo, and provide logistical support within a carrier strike group. Shepard served in the Navy and NASA. He became the first American in space in 1961. Ten years later, he led the Apollo 16 mission to the moon.
Navy to Name Ship after Alan Shepard
The U.S. Navy will honor New Hampshire astronaut Alan Shepard by naming a new combat support ship after him. The USS Shepard is being built in San Diego by National Steel and Shipbuilding Co. It will join the Navy fleet in March 2007. It will be 1,000 feet long and its primary mission will be to deliver supplies to Navy ships, transfer cargo, and provide logistical support within a carrier strike group. Shepard was born and raised in Derry and served in the Navy and NASA. He became the first American in space in 1961. Ten years later, he led the Apollo 16 mission to the moon. (Source: www.boston.com)
Hapag-Lloyd Container Line Expands Management and Organization
In line with its integration of CP Ships, Hapag-Lloyd is enlarging its organization from three to five regions. The management will also be expanded accordingly with the inclusion of CP Ships executives Juan Manuel Gonzalez, Glenn Hards and Alan Boylan. Hapag-Lloyd, based in Hamburg, currently manages its business from three Region headquarters Hamburg (for Europe), Singapore (for Asia and Australasia) and New York (for America). After acquiring CP Ships at the end of last year, Hapag-Lloyd is now setting up two new regions: "South Europe", based in Genoa, and "Latin America", based in Tampa, Florida. Glenn Hards, as Executive Vice President Operations at CP Ships responsible for the ship and container fleet…
Braemar Shipping Appoints New Chief Executive
The board of Braemar Shipping Services PLC (“Braemar”, “the Group” or “the Company”) is pleased to announce the appointment of James Kidwell as Chief Executive with effect from today. James Kidwell, age 50, is Group Finance Director and has worked for Braemar in that role since June 2002. He succeeds Alan Marsh, who will retire as chief executive today and from the board on 31st July 2012. Alan Marsh has, however, agreed to continue to play an active role in the Shipbroking division. In addition, Quentin Soanes, following his appointment as Chairman of the Baltic Exchange, will also retire from the board on 31st July 2012 but will remain responsible for the Group’s Technical, Logistics and Environmental divisions.
Alan C. McClure Launches New Website
Alan C. McClure Associates (ACMA), one of the industry’s premier naval architecture and engineering firms, has announced that the company has launched its new corporate website located at www.acma-inc.com. The new site updates the various services offered by ACMA, including Engineering & Design, Project Management, Surveys & Inspections, and Legal, Arbitration & Negotiations. The site also highlights the leading-edge software the company utilizes and showcases a number of successful projects ACMA has managed over the past four decades.
Technip Awards Drydocks World – Singapore
To celebrate the docking of VENTURER at the Drydocks World – Singapore yard, the vessel owners, Technip UK Limited, awarded the shipyard a check for nearly $16,000. This is the highest recognition a shipyard can obtain under Technip’s Safety Incentive Scheme for docking projects. These funds were awarded by the ship’s master, Mr. Alan Morris, and will be distributed to charity at the discretion of the shipyard’s workers who dealt with the VENTURER’s repairs and docking.