General Dynamics: USN Awards $46m for Groton Sub Base
The U.S. Navy has awarded General Dynamics Electric Boat a $46.2 million contract modification to perform non-nuclear maintenance work on submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).With this award, Electric Boat will continue operating the New England Maintenance Manpower Initiative (NEMMI) at the submarine base. Under the terms of the contract, Electric Boat will provide services required to support submarine overhauls, maintenance, repair and modernization upgrades; ship alterations, temporary modifications and field changes; supplies and/or ancillary services and corrective and preventative maintenance.
IMC Envisages Singapore as Global Maritime Hub
The International Maritime Centre (IMC) 2030 Advisory Committee, established by the Maritime and Port Authority of Singapore (MPA) in August 2016, has submitted the IMC 2030 Strategic Review report to the Singapore Government. The Committee’s vision is for Maritime Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent. The Committee, chaired by Mr Andreas Sohmen-Pao, Chairman of BW Group, comprises 21 other global business leaders and experts from diverse sectors such as maritime, finance, commodities trading, logistics, finance and technology.
Malikai TLP Float-Off in Malaysia
InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang, Malaysia, and transported to a float-off location in the Singapore Straits. Contracted by TMJV, a joint venture between Technip and MMHE Shipyard, InterMoor Pte was responsible for the marine aspects of the float-off and tow of Shell’s…
PSA Singapore Named Best Seaport in Asia
Port operator PSA International was named the best global container terminal operating firm for the second year running, in the 2016 Asian Freight, Logistics & Supply Chain Awards held in Shanghai. PSA also received the “Best Container Terminal – Asia (Over 4 million TEUs)" award. “The Port of Singapore clinched the award for its leading performance on a range of criteria including cost competitiveness, container shipping-friendly fee regime, provision of suitable containing shipping-related infrastructure…
Abu Dhabi Ports Marine Subsidiary Rebranded as SAFEEN
Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the Emirate, has renamed its subsidiary, Abu Dhabi Marine Services, as ‘SAFEEN’ –meaning ships in Arabic- in a bid to rebrand itself. The announcement was followed closely by the brand winning the prestigious International Safety Management (ISM) certification from the International Maritime Organization (IMO). Further, as part of expanding its fleet and improving services…
ICTSI Income Drops 68%
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion, one percent lower compared to US$1.061 billion the year earlier; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450.0 million, two percent higher than the US$443.0 million generated the previous year; and reported Net Income attributable to equity holders of US$58.5 million, down 68 percent compared to the US$182.0 million earned in 2014.
ICTSI 9M Profts Above Expectations
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues from port operations of US$792.0 million, an increase of two percent over the US$779.2 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$339.5 million, four percent higher than the US$326.1 million generated in the first nine months of 2014, and net income attributable to equity holders of US$136.2 million…
ICTSI 1H 2015 Net Income Down 1%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first half of 2015, posting revenue from port operations of US$552.1million, an increase of eight percent over the US$510.3 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$237.4 million, 12 percent higher than the US$212.2 million generated in the first six months of 2014; and net income attributable to equity holders of US$100.4 million…
SITC Inks Deal with Qingdao Port
SITC International signed a strategic cooperation agreement with Qingdao Port International Co., Ltd. in Qingdao yesterday in order to further strengthen the strategic cooperation in the port and logistics market. Mr. Zheng Minghui, Chairman of Qingdao Port Group, Mr. Cheng Xinnong, Vice Chairman and president of Qingdao Port Group, Mr. Jiao Guangjun, president of Qingdao Port International, Ms. Jiang Chunfeng, the vice president of Qingdao Port International ,Mr. Chen Fuxiang, Board Secretary of Qingdao Port International, Mr. Yang Shaopeng, Chairman of SITC, Mr.
ICTSI 1Q 2015 Income Up 3%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2015 posting revenue from port operations of US$296.1 million, an increase of 19 percent over the US$248.9 million reported for the same period last year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$127.5 million, 23 percent higher than the US$103.6 million generated in the first quarter of 2014, and net income attributable to equity holders of US$54.0 million…
Pemex Suspends Eviction of Workers in Campeche
Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency Response Plan for Hurricanes (PREH) of Pemex, recommended the suspension of the removal of offshore platforms in Campeche. On platforms remain toiling around 16 thousand workers whose activities are directly related to production. As reported in the morning, as a preventive measure, Petroleos Mexicanos further evictions of maintenance workers, support and ancillary services in the marine area.
Saipem: A Fleet Grows in Brazil
As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator Petrobras. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil brings us an in-depth look at Saipem’s vessels and projects in Brazil. Saipem’s pipelaying segment is part of a unified Business Unit Engineering & Construction…
DDW & MW Chairman Visits Jadaf Shipyard
Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, the international service provider to the maritime and oil and gas sectors, visited Jadaf shipyard, one of the oldest such yards in the region addressing the repair and maintenance of small to midsize vessels. The visit to the shipbuilding and repair yard Jadaf Dubai, the oldest facility in the Gulf region, was aimed at inspecting the facility, services and competency at repair and maintenance of ships, yachts and cruise ships and small and medium-sized tugs operating in the Dubai Creek.
Deep Sea Mooring Acquired by HitecVision
HitecVision acquires 100% of Deep Sea Mooring, a subsidiary of Odfjell Drilling, a privately owned international drilling contractor. Deep Sea Mooring is a significant provider of rented mooring equipment, pre-lay mooring solutions and ancillary services to E&P companies and drilling rig operators on the Norwegian Continental Shelf. The company was established by Odfjell in 2008 as an in-house mooring service company and has become one of three providers of mooring rental equipment, pre-lay mooring solutions and ancillary services to E&P companies and drilling contractors operating on the Norwegian Continental Shelf. Deep Sea Mooring has an estimated 25 market share of the NCS mooring equipment rentals market, serving it through their locations in Mongstad and Kristiansund, Norway.
Maersk to Add Vessels to Singapore Base
A.P. Moeller-Maersk A/S plans to add more ships to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark, Bloomberg reported, stating most of the new vessels will sail under the island-city’s flag. “Capitalizing on its strategic location, sophisticated port facilities and shipyards, Singapore has developed into a premier International Maritime Center where ships hub and essential ancillary services in shipping, commerce and logistics flourish,” according to the website of the Maritime Port Authority of Singapore.
Shipbuilders Rely On Training To Fill Crafts Jobs
With skilled craftsmen in short supply in U.S. coastal areas, many shipbuilders turn to their own, sometimes extensive, internal training. Because fewer young people are entering shipbuilding out of high school, the industry is faced with an aging workforce that will soon have to be replaced. As good jobs for shipfitters and welders go begging, industry leaders say it's way past time to spread the word about these opportunities. Pascagoula, Miss.-based John Lotshaw directs Operations Workforce Training and Development at Huntington-Ingalls Industries (HII).
GL Asked to Comply with Iran Sanctions
UANI points out that GL’s Iran business violates EU sanctions banning both transactions with IRISL and the provision of ancillary services, including certification services that facilitate Iran's global oil trade. According to data gathered by UANI, GL currently provides certification to several IRISL vessels, as well as to at least eight vessels of the regime’s primary oil shipper, NITC. In a June 12 letter to GL Chairman of the Executive Board Erik van der Noordaa, UANI CEO, Ambassador Mark D. Wallace, explained how GL’s activities are in clear violation of EU sanctions imposed against IRISL and Iran's oil trade, and also could run afoul of U.S. law, given GL’s extensive contract work with the U.S.
CGGVeritas Signs Charter Agreement with BOURBON
BOURBON has announced the signing of a five-year marine charter agreement with CGGVeritas for six new seismic support and assistance vessels that will be delivered at the end of 2012. Following a tender procedure, BOURBON has decided to build these vessels at Grandweld Shipyards in Dubai. These vessels will be used to support the fleet of CGGVeritas seismic survey vessels operating all over the world, providing them with the requisite ancillary services including crew change, fuel delivery, storage, assistance and support during in-sea maintenance operations. These 53-meter-long vessels will have hybrid propulsion consisting of two classic diesel engines to move at speed for transit work and two electric engines that are very precise and economical in terms of energy…
Bollinger Shipyards Updates Status
Bollinger Shipyards reports that it has been successful in re-opening Bollinger Quick Repair in Harvey, Bollinger Gretna, and Bollinger Algiers on the river. Ancillary services at each of these yards, such as the Electrical Shop, Machine Shops and Propeller Shop are also back in operation. These locations have restored power and services, and our employees are returning to work, building its workforce on a daily basis. Today (September 15, 2005) 33 of the company’s 40 dry-docks are in service. As a service to its customers, the company has started a Customer Hotline to assist its customers with questions and needs for services. In the event that they cannot get through, customers can call the hotline at telephone 985-532-7297.
Seatruck Ferries Voted Irish Shipping Line of the Year
Irish Sea freight ferry operator Seatruck Ferries has been voted "Irish Sea Shipping Line of the Year". Seatruck Ferries received the award at the annual All Ireland "Transport & Logistics Awards" at the Ramada Hotel in Belfast on Friday, 10 September. The award was open to any shipping operation that sails into Ireland, including all ferry operations, container, bulk and liquid carriers. Seatruck made it into the final three, with P&O Irish Sea and Stena Line also in contention. During the presentation ceremony Seatruck was praised for running an excellent operation, with a number of extremely favourable customer comments finally convincing the independent judging panel that Seatruck should be given the winning vote.
Panama Canal Authority Holds Public Hearing
The Panama Canal Authority (ACP) held a public hearing giving Canal customers and other interested parties the opportunity to comment on the modified pricing structure proposed by the ACP in early June of this year. Nearly fifty interested persons presented comments, with many expressing their appreciation for the recent improvements in safety and efficiency of Canal operations, but also saying that the percentage increase is too high and poorly timed. Subsequent to the hearing, the ACP will study the comments, as it considers the proposed changes in rates and pricing structure. If approved, the new pricing structure is anticipated to go into effect in October, 2002. The hearing was a significant step in the consultation process initiated by the ACP several weeks ago.
Panama Canal Authority Proposes New Pricing Structure
The Panama Canal Authority released a formal proposal to change its pricing structure to move toward a market-oriented business model that allows for greater customer service and continual improvements to the Canal. As global trade continues to expand, the shipping industry has evolved significantly and the Canal's 90-year-old pricing structure needs to be changed to meet the increasing demands of a dynamic market place. "This historic shift in our business model is the first step toward changing the long-standing, one-size-fits-all pricing structure and replace it with a system that is more tailored to individual customer needs," said Alberto Aleman Zubieta, the Canal Administrator.
GAC Opens Ship Agency Offices Australia-wide
GAC Group announced an expansion plan with the opening of 13 ship agency offices in major ports throughout Australia. The locations include Cairns, Townsville, Mackay, Gladstone and Brisbane in Queensland; Sydney (country headquarters), Newcastle and Port Kembla in New South Wales; Melbourne in Victoria; Adelaide in South Australia; and Fremantle, Dampier and Port Hedland in Western Australia. Each office will offer a full range of ship agency and maritime ancillary services. Announcing GACâ€™s latest move from the Sydney headquarters, Christer SjÃ¶doff, GAC Regional Director, Asia Pacific says that it is the first time in the Groupâ€™s 51-year history that it has launched such a large number of offices in a single country within a span of just two months.