Iraq Strife Offers Little Upside to Depressed Tanker Markets: Analyst
The situation in Iraq has taken center stage in the oil markets. Iraq is now in a state of sectarian civil war and the most likely situation is that the country will become mired in a protracted Syria-like conflict, with the population divided along ethno-sectarian lines. But this offers little upside for currently depressed tanker markets, considers PIRA Energy Group's Weekly Oil Market Recap. Iraq’s Baiji refinery is likely to be idle for a prolonged period, requiring Iraq to import additional refined products. Possible sources are other Middle Eastern countries, Turkey and India.
Cruise to Take Center Stage in Hamburg
Cruise vessels will take center stage at the SMM 2004, 21st Shipbuilding, Machinery & Marine Technology, International Trade Fair Hamburg, which is to take place at the Hamburg Fair site from 28 September to 2 October. Cruising and cruise vessel construction have had to maneuver in difficult waters in the past year. The very active ordering activity of recent years has slowed down to become steady, dependable growth. That, explains Peter Fetten in an interview, is because growth is a part of the strategy of the big American cruise lines…
Asian Piracy Takes Center Stage
This week's kidnapping crisis in the southern Philippines has thrown the spotlight on the growing problem of piracy in Asian waters, delegates at an international maritime conference said. Maritime authorities from 15 countries -- including Japan, China, Indonesia, Malaysia, India and South Korea – are meeting in Tokyo to discuss piracy in the region, mainly the armed robbery of commercial ships sailing through Southeast Asia. The conference has been overshadowed by last Sunday's kidnapping of 21 people, including 10 foreign tourists, on Malaysia's Sipadan island. The Philippines, where the hostages are now being held, says the kidnappers are a mix of fundamentalist Moslem rebels and former guerrillas who had become bandits.
MARKEY Machinery Creating International Support Network
SEATTLE, WASHINGTON, USA — March 28, 2011— Markey Machinery announced today that it is creating an international network of factory-trained sales and service centers. Markey is currently evaluating candidate companies around the world. The current focus is on qualified system integration/service companies, located in key markets distant from Markey’s US facility. The company expects to conclude an agreement with an Australian firm shortly, establishing a center there. A series…
GAC Gears up for SMM 2014
GAC said it is busy finalizing preparations for its participation in next week's SMM, the international maritime trade fair taking place in Hamburg from September 9-12. It is the first time the shipbuilding, machinery and marine technology exhibition has been staged in Europe since the launch late last year of GAC EnvironHull’s revolutionary eco-friendly brushless hull cleaning solution, HullWiper, which takes center stage at the GAC stand. Not only does the pioneering ROV (Remotely…
Smart-Ship 'Quantum of the Seas' Readies
Tech-savvy modern travelers will be wowed by Royal Caribbean International's newest ship, 'Quantum of the Seas', which incorporates unprecedented levels of technology to amp up the vacation experience, say owners Royal Caribbean Cruises Ltd. A brand new venue onboard Quantum of the Seas, 'Bionic Bar', is set to make waves with robots at center stage. Guests place orders via tablets and then have fun watching robotic bartenders hard at work mixing cocktails. Boatloads of bandwidth keep guests connected says the cruise line…
OOCL Mega-Container Ship Named in Korea
OOCL Bangkok took center stage at the Samsung Heavy Industries shipyard as the sponsor, Mrs. Betty Tung, delivered an Encomium that blessed the mega vessel, as well as her cargo and all the people who will sail with her. In his ceremonial address, Mr. C. C. Tung, Chairman of Orient Overseas (International) Limited, thanked everyone who had contributed to the success of the newbuilding and highlighted the importance of the new mega vessels to OOCL. “In today’s challenging global economic environment…
Buoyant is perhaps the best word to describe the overall status of the world marine market. As you flip through the pages of this year’s Annual World Yearbook, you will find a number of articles, from the status of the U.S. Shipbuilding market, to the pending boom in the offshore oil and gas markets, to the staggering climb in dayrates for the tanker and bulker markets, which clearly show the industry is on the the way up. That said, there are a number of challenges to be faced, challenges with solutions that will help to define the maritime market for decades to come. The construction of large commercial oceangoing ships was dominated last year by South Korea, which claimed a staggering 46 percent of all new orders, or about 18.5 million cgt, according to The Platou Report 2001.
U.K. Shipping Minister Commits to Maritime Industry
U.K. Shipping minister says he is committed to putting the £31.7-billion shipping industry center-stage. Stephen Hammond, Parliamentary Under-Secretary of State for Transport, speaking at a Maritime London/Shipping Professional Network London event underlined the government’s commitment to the U.K.’s maritime industry and declared its importance to Britain’s economic growth. Contributing £13.8bn to the U.K. economy directly and enabling a further £17.9 billionn, the U.K.’s maritime industry accounts for 2.1% of the entire economy, supports one in every 50 jobs and creates £8.5 billion for the U.K. Exchequer. Announcing the beginning of a “much more coordinated approach from the government to shipping policy,” Mr.
Maritime Dispute an Issue for Entire ASEAN, Says US
The South China Sea took center stage at the Bilateral Strategic Dialogue between the United States and the Philippines held in Manila, as China continues to engage in "massive" construction activities in the disputed area. Both the countries jointly expressed their concern over recent Chinese activities in the South China Sea which they claimed were inconsistent with the 2002 ASEAN-China Declaration on the Conduct of Parties in the South China Sea (DOC) and international law.
ECSA Leads Holistic Approach to Maritime Security
European shipowners have widened the scope of the former European Community Shipowners’ Associations (ECSA) Piracy Working Group, now renamed ECSA Maritime Security Working Group in a move aiming to keep the European shipping industry abreast of maritime developments. According to ECSA, topics under the remit of the new working group range from piracy and armed robbery at sea to cyber security, as well as the humanitarian crisis in the Mediterranean, where European shipowners have taken center stage in the efforts to rescue migrants at sea.
Marine business in these United States continues to get increasingly: A] Encouraging; B] Depressing; or C] Interesting, depending on who you talk to and at what time of day. The entire market, from inland to oceangoing, naval to commercial, is abuzz with activity. On the naval front, corporate intrigue has taken center stage as General Dynamics bids once again to acquire Newport News Shipbuilding. The major difference between the takeover attempt today versus the unsuccessful bid two years ago is the fact that Bill Fricks and the Newport New team is welcoming the offer, and all that remains is a thumbs up from shareholders and anti-trust concerns.
Intergraph Unveils IntelliShip 6.0
Intergraph Corporation announced the newest version of its advanced IntelliShip(r) software for shipbuilding. these respective areas. construction outlays and schedules. drawing production, reporting and model translation. for drawing generation. immediate use. objects and structural designs in IntelliShip for outfitting. while continuing to use Tribon for structural tasks. Applications in Shipbuilding, where IntelliShip is at center stage. IntelliShip. technology today with limited impact on their engineering IT infrastructure. largest marine production facilities in the world.
Ballast Water Management & Treatment Take Center Stage
While ballast water environmental issues have been news for decades, a renewed focus on the marine industry, specifically the effects ships and boats have on the aquatic environment, is picking up steam and not looking to slowdown. Per an executive order from President Clinton, the U.S. Invasive Species Council is finally getting off the ground, a council which will study the problem and make recommendations regarding treatment. A recent report from the General Accounting Office (GAO-RCED-00-219) found that the U.S. federal goverment spent $513 million in FY ‘99 and will spend $631 million in FY ‘00 for activities related to invasive species.
Ferry Conference: Technology Drives Vessel Advancements
On June 2-3, 2016, the Ferry Safety and Technology Conference will be held in downtown Manhattan. Throughout the world, the quickening pace of technological advances is impacting all sectors of the maritime business; ferries are no exception. The conference, now in its second year, will feature practical and affordable technologies already deployed in passenger transportation, or soon to be. Topics to be discussed will include Vessel Design; Landings – with a focus on their resiliency and Maritime Weather – with fresh information on timely fine scale marine weather detection.
Modi Makes Waves in Indian Ocean
Indian Prime Minister Narendra Modi has arrived back home after five days tour of three Indian Ocean countries. His tour has served to reclaim some of New Delhi’s lost footing in the area. New Delhi accepts that India can less afford its past passivity regarding its maritime backyard. Tangible evidence is Narendra Modi's three-nation Indian Ocean tour. Prime Minister Narendra Modi’s Indian Ocean sojourn -which took him to Seychelles, Mauritius and Sri Lanka, last week, infused fresh energy into India's mantle as the fulcrum of stability in the Indian Ocean.
US Oil Major Chooses OceanSaver BWT Systems
OceanSaver ballast water treatment (BWT) systems for two Suezmax lightering tankers to be delivered by a major Korean shipyard in mid-2014 for Chevron Shipping Company. “Competitive pricing, low operating costs, and a compatible technical system were key contract parameters; total cost of ownership (TCO) savings were a decisive factor in winning the contract,” said Tor Atle Eiken, Senior Vice President Sales & Marketing, OceanSaver. “TCO was center stage. OceanSaver’s BWT system is a comprehensive cost model for the industry and when completing hundreds of lightering operations each year, TCO is a significant factor. We believe that OceanSaver balances purchase price and long term costs in a very efficient manner,” Eiken said.
Best Practices, Partnering Highlighted at AAPA Convention
The American Association of Port Authorities' (AAPA) new SHARE initiative prevails in full force this week at AAPA's 93rd annual convention, where partnering and sharing of best practices are taking center stage at the Long Beach, California, event. Seaports of the Hemisphere Allied in Relationships for Excellence - better known as SHARE - professes knowledge sharing and collaborative approaches as the port industry's best formula for successfully meeting industry challenges. In the SHARE spirit, the second round of the Environmental Management System (EMS) Assistance Project was opened this week. Nine ports participating in the successful first round reported immediate benefits…
Region’s Ports Vital Conduit for Africa-Asia Trade Development
The continent of Africa will take center stage at the 2013 World Ports & Trade Summit, which takes place in Abu Dhabi from March 19-20, with a special focus session on day two of the event to examine opportunities in the region for both trade and infrastructure development. Growth in seaborne trade between China and Africa is already benefiting UAE ports, as the world’s third largest economy and the emerging African continent rely on the Emirates’ trading gateway status, further boosted by growth in bilateral trade between South Africa and the UAE…
Maritime Industry Gears up for St. Petersburg
The impact of the massive and continuing transformation of Russia’s maritime industries will be on show to the world when the all-encompassing NEVA 2013 exhibition and conference program takes place in St. Petersburg from September 24-27. Some 1,000 exhibiting companies and over 17,000 professional visitors are due to gather in the port city’s major Lenexpo exhibition complex where for the first time in NEVA’s 22-year history, exhibition space occupied by representatives from 50 countries will exceed 12,000 square meters, according to Roderick Keay, General Director of UK-headquartered Dolphin Exhibitions, the event organizer. More than…
Ballast Water Compliance: More than a System, it is Knowledge
The ratification of the IMO Ballast Water Management Convention date is fast approaching, and according to a survey we conducted with more than 35 port state control (PSC) personnel, many will not be prepared come September. There is a lot of uncertainty in the shipping industry in general, with 70 percent of the survey respondents aware that ballast water regulations had been ratified, but zero percent had a plan in place to address the duties of ballast water compliance. The…
VSTEP Simulators Power New Tug & OSV Training Center
During a ceremony on June 3, the new 360-Control Tug & OSV Training Center was officially opened for the general public and customers. The simulators for the training center are delivered and installed by VSTEP. The high-tech training center is a project of 360-Control, a joint venture between Iskes Towage & Salvage and Damen Shipyards and is located at the port entrance of the Amsterdam North sea canal. The VSTEP simulators delivered include a 360-degree NAUTIS Full Mission Tug…
Port Security Takes Center Stage
The entire United States (and anyone else in the world with access to cable or for that matter any TV) has become intimately involved in what is sure to become the seminal event of our time. The World Trade Center terrorism will change all of our lives in some respect from the day of the event onward. The only question is how much our lives will be changed. Even after the current threats pass our lives will ever be altered. It is up to our government and us as to the direction our country and our lives will take. If we leave it to our enemies, they would destroy us. Security of our airborne and waterborne commerce has now become a major national issue. This is an opportunity for the USCG to bring the maritime industry together for the common good.