Bibby Makes Two Staff Appointments
Bibby Offshore’s newest division, Bibby Remote Intervention Limited (BRIL) Recently increased its workforce following the creation of two new positions. David Howe joins the firm as project director and Robin Longstaff as survey manager. BRIL was established at the end of 2011 to manage the increased market demand for ROV services and has since expanded from support of the company’s own vessels and diver-less intervention services to external clients. The past 12 months has seen staff numbers rise considerably…
16 Receive Howe Yoon Chong PSA Scholarship
16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificates to the students at a ceremony held in PSA Building in Singapore today. The bond-free scholarships will pay for tuition and other compulsory fees in full, as well as book and living allowances. The 16 Howe Yoon Chong PSA scholars will be pursuing academic studies at the Institute of Technical Education (ITE), Polytechnics and local Universities.
Treasure Hunters to Get Custom ROV
Treasure hunters Sub Sea Research team up with Howe and Howe Technologies to recover 'Port Nicholson' cargo. Last year, Sub Sea Research made international news with the announcement of their discovery of the $4 billion gold and platinum cargo aboard the SS Port Nicholson, a freighter that was sunk by a German U-Boat off the coast of Massachusetts in 1942. A year on, Sub Sea Research has teamed up with Maine-based, award winning technology company Howe and Howe, which designs and builds custom vehicles, robotic platforms and fabricated goods.
Containership’s Surge: When Will It End
As a range of container ship charter indices reach their highest ever levels, the inevitable question must be, how long can this bull run last? Container ship charter rates have reached highest ever levels across a broad range of sizes with Howe Robinson’s container charter index edging up further this week, to another record of 1571.5. According to the broker’s second quarter container charter market review, “doubters have questioned the sustainability of the charter market since it started to move upwards in January 2002”. In that time, its index has spiraled by almost 250% - from 450.
Royal Navy Vessel Damaged After Grounding
HMS Nottingham is presently anchored off Lord Howe Island 300 NM east of the Australian mainland following a grounding on Wolfe Rock – 2 miles off the Island. The ship has been damaged in the forward sections on the starboard side, but the situation is being controlled, and there are no casualties. The initial actions by the ships company contained the flooding. A team of divers from the ships company and also the Australian Navy are currently assessing the damage to the forward compartments. A team of (MOD) technical experts from the UK are also on their way out to Lord Howe Island to supplement the current team of divers assessing the damage. HMS Nottingham had been on a visit to Cairns in East Australia, and was on passage to Wellington in New Zealand as part of a 9-month deployment.
Huon’s Tassie Homecoming
HMAS Huon capped off a South West Pacific deployment recently with the final of six port visits to Hobart, Tasmania, and her nearby namesake city of Huonville. Having already toured the remote Australian territories of Lord Howe and Norfolk Islands, as well as Luganville and Port Vila, Vanuatu, and as far east as Nelson, New Zealand, Huon finally made her way to the southern capital for a four-day visit. Whilst in Hobart, Huon hosted an official reception with dignitaries from the two cities, including a ceremonial sunset with a volley of blank cartridges to wow the guests on the wharf.
ICAP Shipping in Merger Talks
Shipping market prospects picking up after record downturn; shipbroker M&A deals have gathered pace this year. ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market turmoil. The shipping industry has suffered one of its worst ever downturns in the past five years. Owners ordered large numbers of vessels between 2007 and 2009, just as the global economy started to slow. Prospects have brightened recently as world trade picks up and the glut of ships is absorbed, but recovery remains fragile. In the meantime, many shipbrokers view larger operations with global teams as the best way to position for a full market revival.
Green Marine's Latest Sign-up: Squamish Terminals BC
Squamish Terminals (SQT), a B.C. deep-water, break-bulk terminal, has signed on as a participant to Green Marine. Green Marine encourages its participants, ship owners, ports, terminals and shipyards, to undertake concrete actions that go beyond regulatory requirements aimed at improving environmental performance and sustainability. Green Marine’s success is based on a 5-year track record of participating companies demonstrating improved environmental performance. Squamish Terminals already stands out for its environmental stewardship by being regular participants in the Squamish Estuary Management Committee and hosting the annual Great Canadian Shoreline Cleanup in Squamish.
First SEAL Appointed Navy War College President
Rear Adm. P. Gardner Howe III relieved Rear Adm. Walter E. "Ted" Carter Jr., as the 55th president and first Navy SEAL in command of the U.S. Naval War College (NWC) in Newport, Rhode Island, during a change of command ceremony with the Chief of Naval Operations (CNO) Adm. Jonathan Greenert, informs U.S. Naval War College Public Affairs. Rear Adm. Howe, a U.S. Naval Academy, Naval Postgraduate School and National War College graduate, holds dual Master of Arts degrees in national security and reports from his most recent assignment as commander of Special Operations Command, Pacific.
RAAF Rescues Sailor in Distress near Lord Howe Island
The crew onboard a Royal Australian Air Force (RAAF) C-130J Hercules transport aircraft helped rescue a lone sailor during a maritime emergency off Lord Howe Island. The C-130J Hercules from Number 37 Squadron at RAAF Richmond responded to a call for help from the Australian Maritime Safety Authority (AMSA). The C-130J was one of four aircraft AMSA called to assist, including AMSA’s Essendon based dedicated search and rescue Dornier aircraft, a civil aircraft and a Customs and Border Protection Dash 8.
Ship Broker Clarkson Looks to Acquire Platou
Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally. The deal would be the latest in an industry which has suffered one of its worst-ever downturns in the past five years. Owners ordered large numbers of vessels between 2007 and 2009, just as the global economy started to slow, creating a glut. Prospects have brightened recently as world trade picks up and the glut of ships is absorbed, but recovery remains fragile. In the meantime, many ship brokers view larger operations with global teams as the best way to position for a full market revival.
Australia Names 'Ferry McFerryFace' to Crew's Dismay
Australia “brings a smile” with Ferry McFerryface, but not everyone gets the joke. In the grand tradition of Britain’s Boaty McBoatface, Australian authorities are christening one of the ferries crossing Sydney’s world famous harbor Ferry McFerryface, but some union workers aren’t amused. The New South Wales state government announced the name for one of its six new ferries on Tuesday after a public vote, with Transport Minister Andrew Constance deeming it “one for the kids”.
Chouest Vessel Rescues 3 From GOM Waters
Three fishermen from Orange Beach, Ala. were rescued early Thursday morning from the frigid waters of the Gulf of Mexico, after their 46 ft. Bertram sportsfishing vessel sunk for unknown reasons. Temperatures were well below freezing, but luckily for the men C-CHARIOT, a 220-ft. offshore supply vessel owned and operated by Edison Chouest Offshore, happened to be located only a mile from their location when disaster struck. According to David Kent, the captain of the fishing vessel Cat Man Dex, a favorable weather report prompted their late night fishing expedition. At approximately 12:59 am, their engine room began to take on water for unknown reasons.
Corpus Christi Coast Guard Members to Receive Awards
Local Coast Guard personnel from Sector Corpus Christi will be receiving personal awards for their heroism during Hurricane Katrina in an awards ceremony Wednesday at 8:30 a.m. at Naval Air Station Corpus Christi. Helicopter aircrew members will be presented several awards including the Coast Guard Medal, The Air Medal and six Coast Guard Commendation Medals. Aviation Survival Technician Third Class Robert Williams is to receive the Coast Guard Medal. Petty Officer Williams is a Rescue Swimmer who organized and led the rescue of 150 desperate people from the roof top of a flooded hotel in New Orleans, including three men who threatened him with knives wanting to be rescued first. Lieutenant Junior Grade Dan Howe, an HH-65B Dolphin Helicopter pilot, will be recognized with an Air Medal.
Containership Volume To Slow
The giant containerships, which act as a floating conveyor-belt for international trade, are struggling to maintain volumes in the face of global slow down, shipping analysts said. "The continued recession environment will act as a plague on the markets," said a recent report by the New York-based Commonwealth Group. Analysts said it was the container carrying behemoths on the trans-Pacific trades that had started to suffer first, largely because of U.S. slow down. Many can load over 6,000 truck-sized units at once, packed with anything from refrigerated fruit and shellfish through to televisions and cars. "My impression is the transPacific…
Tomlin Named Executive VP, CFO of Admiral Valve
Admiral Valve, LLC, parent company of CPV and manufacturer of CPV high pressure valves and fittings for industrial gas, petrochemical and shipbuilding industry applications, named Kelly Tomlin as executive vice president and chief financial officer. Tomlin, who had held the position of chief financial officer at CPV for the past four years, will assume the expanded role of executive vice president as a key member of the CPV leadership team. This appointment comes just after CPV Manufacturing named David London as president, further positioning the valves and fittings leader for future growth.
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be joining the team. She has global shipping experience with a strong focus on the derivative markets and data products.
Containershipping Takes a Nosedive
Plunging rates for chartering container vessels that carry consumer goods means a slowdown and losses for shipping lines in what is traditionally their busiest time of the year, according to a report on Bloomberg.com. As reported earlier today on MarineLink.com, MOL has revised its FY2011 downward, projecting a revenue drop of 6.3% from previous guidance. According to the Bloomberg report, fees for hiring vessels have fallen 9.3 percent since the end of April, citing the Howe Robinson Container Index. Last year, the index surged 56 percent in the period, as lines added ships on demand from U.S. and European retailers restocking for the back-to-school and holiday shopping periods.
Kvichak Delivers Two Vessels to Tymac
Kvichak Marine delivered two all-aluminum 36.6’ Crew / Pilot Boats to Tymac Launch Service, Ltd. of British Columbia, Canada. The vessels were designed by Kvichak for the specific use of transporting 12 or fewer passengers for BC coast pilots, government officials, ships agents and surveyors, longshoremen, repair crews etc. The areas of operations include Vancouver Harbor, Indian Arm, Howe Sound, the Fraser River and Southern Gulf of Georgia Strait. Powered by twin John Deere 6090SFM85 diesel engines rated for 425 bhp and ZF 305-3 marine gears.
INEOS to Ship US Ethane to China in 2019
U.K. chemicals firm INEOS said it has entered a long-term supply agreement with Singapore-based SP Chemicals to ship ethane from U.S. shale gas to China for the first time starting in 2019. “This is another world first for INEOS after importing shale gas to Europe in 2015,” said David Thompson, CEO of INEOS Trading and Shipping. “By bringing in U.S. The deal involves the construction of a 95,000cbm capacity Very Large Ethane Carrier (VLEC), which is expected to be the world’s largest ethane carrier upon its delivery in 2019. The VLEC will be built under the management of the JACCAR Group.
Talos, Stone Energy Plan $2.5 Bln Merger
Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company valued around $2.5 billion including debt, sending Stone's shares down nearly 13 percent. "The idea of a reverse merger works very well for us, as we get a lot of talented people into the company and also use a structure which gets us to the public equity markets", said Timothy Duncan, chief executive of Talos, who will retain the title under the combined company, to be named Talos Energy Inc. Stone shares will be exchanged for Talos stock on a one-for-one basis, while Talos' existing stockholders will be issued 34.2 million shares to give them 63 percent of the combined company, according to a statement.
US' Largest Hopper Dredger Delivered
Great Lakes Dredge & Dock Corporation, provider of dredging services in the United States and provider of environmental and infrastructure services, said it hass taken delivery of the newly built ATB hopper dredge Ellis Island and tug Douglas B. Mackie following completion of U.S. Coast Guard (USCG) and American Bureau of Shipping (ABS) regulatory sea trials. David Simonelli, President of the company's Dredging Division, said, “This advanced vessel which improves the competitiveness of our hopper group and represents a substantial reinvestment in our fleet.
US Warship Damaged in Collision with Tug off Japan
A U.S. guided-missile destroyer, USS Benfold, sustained slight damage when a Japanese tug drifted into it during a towing exercise off central Japan on Saturday, the U.S. Navy said. “No one was injured on either vessel and Benfold sustained minimal damage, including scrapes on its side, pending a full damage assessment,” a statement from the U.S. Seventh Fleet said. “Benfold remains at sea under her own power. The Japanese commercial tug is being towed by another vessel to a port in Yokosuka. The incident will be investigated,” it said. The incident was the latest mishap involving a U.S.