Looking Beyond Maritime Security
Economic stability and sustainable development can be driven by an integrated approach to the maritime sector, including ports, maritime security and facilitation of maritime traffic. Joined-up government policies covering the whole of the maritime sector are critical for the port sector to flourish. These were among key messages delivered by International Maritime Organization (IMO)'s Chris Trelawny, who was speaking at the Port Security Technology conference, London, United Kingdom (20 June)…
Rosneft to Return to State Dividend Proposal
Igor Sechin, the head of Russian oil major Rosneft, said on Wednesday that his company would return to a government proposal for state-owned companies to pay out 50 percent of their profit in dividends for Rosneft's 2017 results. (Reporting by Denis Dyomkin; Writing by Jack Stubbs)
Nautican to Ship First IPU from Prince Edward Island
The Nautican Research and Development manufacturing facility in Summerside, Prince Edward Island, said it is now ready to ship the facility's first Integrated Propulsion Unit (IPU) to a client in Alaska. “Nautican is another excellent example of an emerging advanced marine technology company finding success right here on Prince Edward Island,” said PEI Minister of Economic Development and Tourism, Heath MacDonald, who was on site with Nautican representatives to review the Ocean Series Class 200 IPU system prior to shipment.
UK Chamber of Shipping Survey on Election Results
A survey carried out by the UK Chamber of Shipping has found that a majority of its members believe that the general election result will damage the economy and hinder the Brexit negotiation process, and that a deal on transitional arrangements must be struck with the EU as the Article 50 process unfolds. The study, which was carried out among the UK's biggest shipping companies, found that 62.5% of the 107 respondents felt some level of concern over the effect that the June 8th general election will have on the economy, with nearly 9% describing themselves as "very concerned".
India's LNG Market to Reach USD 30.7bln by 2025
India Natural Gas and LNG market is expected to grow from US$ 19.7 billion in 2015 to US$ 30.7 billion by 2025 at a CAGR of 5.06% between 2016 and 2025. According to a report by Research and Markets, natural gas including Regasified Liquefied Natural Gas (R-LNG) in India has been widely recognized as the fuel with multiple promising aspects. The present situation of the gas sector in India is going through multiple challenging phase. Due to its high macroeconomic growth visions and increasing population…
Faststream Opens New Global Headquarters
Faststream Recruitment founder and CEO Mark Charman launched the group’s new global headquarters in Southampton alongside Guy Patten, CEO of the U.K. Chamber of Shipping, at an official unveiling event on June 21. Faststream was established in Southampton in 1999, having gone on to launch further international offices in North America and Asia, with its Southampton office remaining as its global headquarters and housing more than 70 of its 100 worldwide staff. Charman commented, “We are hugely proud of our achievements over the past 18 years and very excited about our new global headquarters.
Austal Wins USD 584.2 million US Navy Contract
Australian shipbuilder Austal has won a $584.2 million contract to build a 14th Littoral Combat Ship for the US Navy, Reuters reported. The contract includes associated LCS class services and related material and integrated data environment support, as well as options for the construction of additional LCS, class services and post-delivery availability support, the Pentagon said in a statement. Australian Associated Press added quoting Asutal that the 127-metre LCS28 will be built at its shipyard in Mobile…
Maritime UK on Brexit Negotiations
As negotiations begin on the UK's departure from the European Union, David Dingle CBE, Chairman of Maritime UK said: "These are the most critical set of negotiations in a lifetime. “Above all, we need free trade with Europe as well as the rest of the world, enabling our sector to perform its unique and fundamental role in facilitating UK global trade. “A cross-party agreement on Brexit would be a powerful tool to demonstrate a united front in the negotiations. Negotiating such an agreement would mean that the final deal had the widespread support of the British people…
Qatar Tells US It Will Maintain Stable LNG Exports
Qatar's finance minister told U.S. Treasury Secretary Steven Mnuchin during a trip to Washington last week that Qatar was committed to maintaining stability around its exports of liquefied natural gas to the global energy market, according to a statement by Qatar's government communication office. "They discussed Qatar’s efforts to counter terror financing ... and Qatar’s commitment to maintaining stability around its exports to the global energy market," the statement said. Saudi-led sanctions imposed two weeks ago on Qatar, the world largest exporter of LNG, have raised concerns about the Gulf state's energy output but officials have said Qatar's LNG exports have not been affected. (Reporting by Tom Finn)
Lockport, Louisiana is 'Cutter Country'
Chris Remont, Bollinger Shipyards, Vice President, Government Programs, explains the importance of long-term relationship between the U.S. Coast Guard and Bollinger Shipyards. As the offshore oil and gas bust drags into its third year, Bollinger Shipyards is holding its own courtesy of a long-running relationship in building for the United States Coast Guard (USCG). Today Bollinger has 38 Sentinel-class FRCs under contract, with the possibility for 20 more. Remont explains that the contract was split into two phases.
Crowley Vessels Earn Safety Awards
Eighty-seven vessels owned or managed by Crowley Maritime Corporation recently received the Chamber of Shipping of America (CSA)’s annual Jones F. Devlin Awards in recognition of their 2016 safety records. Each year, the CSA grants Devlin Award certificates to manned merchant vessels that have operated for two or more years without incurring a Lost Time Injury (LTI), highlighting the skills and dedication of the crewmembers responsible for safe vessel operations. Crowley’s 2016 Devlin Award-worthy vessels together have achieved 670 years of service without an LTI.
Pacific Radiance Gets USD 45.3mln in Vessel Deals
Singapore's Offshore support vessel (OSV)-focused Pacific Radiance said that it has won US$45.3 million of new contracts including options, which will add to its operating cash flow. Under these contracts, ten of the Group’s offshore support vessels, including a diving support vessel, are being deployed to support projects in Asia and the Middle East. They are chartered to new and existing clients to provide services which include towing, repair and maintenance, transportation and platform support.
Small Scale LNG Market to Grow at 2.5% to 2022
The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future. The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China. The market is further driven by the growing adoption of LNG for heavy duty transportation purposes in the Europe and North American regions.
UN Conference Opens, Call to Protect Oceans for Future Generations
Opening the Ocean Conference, UN officials stressed the need to protect and conserve the world's oceans for future generations. Opening a “game-changing” international conference on the health of the world’s oceans and seas, top United Nations officials today urged coordinated global action to protect the planet. Speaking in the UN General Assembly Hall, Secretary-General António Guterres cautioned Governments that unless they overcome short-term territorial and resource interests, the state of the oceans will continue to deteriorate.
CEFC Bags Bunker Licence for Zhoushan Free Trade Zone, China
CEFC China Energy was awarded a licence by Zhoushan Free Trade Zone for supply marine bunker fuel off the east coast of China to vessels on international voyages, reports Reuters. The report quoted two CEFC officials saying that the license is to supply bunker fuel from bonded storage to vessels that call at the Zhoushan area. The Zhoushan Free Trade Zone is in the coastal province of Zhejiang and is a new free trade zone the Chinese government approved earlier this year to boost commodities trade.
Matsuyama Welcomes First Panamax Coal Carrier
Japan’s port of Matsuyama welcomed NYK-operated M/V Nord Neptune, the first panamax coal carrier to visit the port, on June 10, 2017. The Ehime prefectural government and the Shikoku Regional Development Bureau of the Ministry of Land, Infrastructure, Transport and Tourism recently completed an international logistics terminal project to reconstruct the port by deepening the berth to 13 meters. To help the berth accept large vessels, NYK provided technical support through Sumiseki Trading Co. Ltd. which operates a coal center at the port.
US Forecaster Sees El Niño Unlikely through Fall 17
A U.S. government weather forecaster on Thursday said there are no active El Niño or La Niña patterns and that neutral conditions are likely in the Northern Hemisphere during fall 2017. However, chances for El Niño remain elevated, between 35 and 50 percent, relative to the long-term average into the fall, the National Weather Service's Climate Prediction Center said in a monthly forecast. (Reporting by Arpan Varghese in Bengaluru)
Caribbean Committed to Ballast Water Management
A meeting of countries in the Wider Caribbean Region is renewing regional coordination to help implement International Maritime Organization (IMO)'s Ballast Water Management Convention and thereby minimize the transfer of harmful aquatic organisms and pathogens in ships' ballast water. Topics discussed at the workshop, being held in Panama City (5-9 June), include ways for moving ratification and implementation forward throughout the region; exchanging information; a revised regional strategic action plan…
India's Sagarmala Moves to Implementation Stage
The flagship programme of Indian Ministry of Shipping – Sagarmala, has moved from the conceptualization and planning to the implementation stage. The Sagarmala project is introduces to harness India's 7,500-km coastline will promote port-led development in the country. As a part of the programme, more than 400 projects have been identified across the areas of port modernization and new port development, connectivity enhancement, portlinked industrialization and coastal community development.
Slowing Down the Revolving Door
In the wake of the recent ethics scandal at Boeing1, Congress has begun to focus on the many issues that arise when government contractors hire former federal government employees. Because of Congress' involvement, government contractors are under close scrutiny when they hire such individuals, particularly those with whom the contractor had dealings prior to the offer of employment. While the "revolving door" between the federal government and private industry is controlled by the 1996 Procurement Integrity Act2 and the 1989 Ethics Reform Act3, many members of Congress have called for additional legislation further tightening the laws limiting post-government employment.
Oz For a Sustainable Naval Shipbuilding Industry
Senator David Johnston, the Australian Minister of Defence announced about the government's was committed to creating a sustainable naval shipbuilding industry. He informed that the Government would be investing in a safe and secure Australia. As part of this commitment – and building towards the release of the Defence White Paper – the Government today announces a three point plan that will create a sustainable naval shipbuilding industry that supports shipbuilding jobs. * Firstly, the Government will work with industry to fix the Air Warfare Destroyer program.
DNV GL Offshore Wind Standard for China
DNV GL is part of the consortium selected by the World Bank to support the development of 3 new standards in offshore wind turbine support structures, offshore substations, offshore wind farm power cables. DNV GL will also be advising the Chinese government on project financing and risk management as part of this project. “Offshore Wind is a very demanding technology. Standards are crucial to minimize the risks to acceptable and bankable levels, and learning from the international experience as this mandate is supporting…
Support for Fishers in Tilligerry Creek, Fullerton Cove Extended
The Australian Government today tabled its response to the Senate Foreign Affairs, Defence and Trade References Committee report, Inquiry into firefighting foam contamination Part A - RAAF Base Williamtown. As part of its response, the Australian Government has announced the continuation of the existing financial assistance package to fishers and businesses affected by the NSW Government's precautionary closures of the Tilligerry Creek and Fullerton Cove fisheries beyond 30 June 2016 and will also introduce a new Business Transition Payment.