Fall from Grace: Batista Gets 30-Years for Corruption
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday.Batista's conviction and sentencing by federal judge Marcelo Bretas are the latest in a wave of graft investigations that have sent scores of powerful businessmen and politicians to jail.The eccentric former billionaire's meteoric rise and fall mirrored the recent fortunes of Brazil, where the commodities boom faded as his energy, mineral and logistics empire fell apart earlier this decade.His swashbuckling attitude and confident forecasts of a prolonged golden era for Brazil evaporated just as Latin America's largest economy suffered its worst recessi
Huntington Ingalls Industries Completes Sea Trials of Indiana
Huntington Ingalls Industries Newport News Shipbuilding division has successfully completed the initial sea trials on the newest Virginia-class submarine, Indiana (SSN 789). The initial round of sea trials, known as alpha trials, provides an opportunity to test all systems and components. It includes submerging for the first time and high-speed maneuvers while on the surface and submerged. “Sea trials is a significant milestone and the first major test of submarine’s capabilities at sea,” said Dave Bolcar, Newport News’ vice president of submarine construction.
Newport News Shipbuilding Partners With Commonwealth of Virginia
Huntington Ingalls Industries' Newport News Shipbuilding division is partnering with the Commonwealth of Virginia in support of its major hiring initiative. Gov. Ralph Northam announced that various state agencies and regional community colleges will work with Newport News to augment ongoing efforts to hire as many as 7,000 new shipbuilders over the next five years. "Newport News Shipbuilding's success is important not just for Hampton Roads, but for the entire commonwealth," Northam said.
Wärtsilä to Equip Environmentally-friendly Dredger
Wärtsilä said it bagged a contract in March to provide the engines, propellers and control system for a new, large-size hopper dredger being built by the Netherlands-based shipbuilding company Damen Shipyards Group. The vessel has been ordered by Cemex UK, supplier of building materials.Wärtsilä will prepare the engines ready for use with selective catalytic reduction (SCR) technology to reduce emissions, making the vessel compliant with the International Maritime Organization’s (IMO) Tier III regulations.
Eastern Shipbuilding Gets NTP with NYCDOT
Eastern Shipbuilding Group (ESG) has received Notice to Proceed (NPT) from The City of New York Department of Transportation (NYCDOT) for the detail design and construction of three new Staten Island-Ollis Class Ferries for the Staten Island Ferry Division. Eastern is extremely honored to be the winning shipyard that will construct and deliver three new Staten Island Ollis Class Ferries to NYCDOT and the Staten Island Ferry Division. The three Ollis Class double-ended 4500 passenger ferries…
The 2007 Act: Highways to Waterways
The Energy Independence and Security Act of 2007 (the 2007 Act) authorized a Short Sea Transportation (SST) Program. As passed by the House, the legislation would have authorized $2 billion for the Maritime Administration (MARAD) Title XI Program and have extended the Capital Construction Fund Program (CCF or Program) to shipyards and operators building and operating vessels in SST services nationwide. Mr. Oberstar and his Congressional co-sponsors were confident that with their proposals in place, the much-discussed use of U.S.
Nearly Half of Interlake Fleet Fit with Scrubbers
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. In 2016, the company outfitted its first thousand foot vessel, the M/V James R. Barker, and its 826-foot M/V Lee A. Tregurtha in its second phase of exhaust gas scrubber implementation.
Late & Overweight: Germany's New Frigates Found Wanting
Germany's much-delayed new frigates, built by ThyssenKrupp and Luerssen for at least 650 million euros ($710 million) apiece, are overweight and float with a persistent list to starboard, according to a confidential report seen by Reuters. The ships, designed to need a crew of only 120, less than half their predecessors, are a crucial element in Germany's plans to beef up its military to face an increasingly uncertain European security landscape and a more assertive Russia. Designed to remain at sea for far longer than the German armed forces' existing fleet…
Fincantieri Buys Majority Stake in STX France
Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France shipyard from its current shareholder STX Europe AS. The agreement entails a purchase price of €79.5 million ($89 million). Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with the Heads of Terms signed on April 12. Based in Saint-Nazaire…
Arctech to Build Peace Boat's 'Ecoship'
Japanese cruise organization Peace Boat has signed a letter of intent (LOI) with the Finnish shipbuilding company Arctech Helsinki Shipyard Inc. Peace Boat director and founder Yoshioka Tatsuya, Esko Mustamaki, CEO from Arctech and Jon Rysst, Regional Manager North Europe, from Classification Society DNV GL, announced the agreement during Nor-Shipping. Yoshioka said, "We have agreed with Arctech to build the Ecoship, the most innovative and ecologically friendly cruise vessel ever.
Rosneft, Hyundai Samho Strengthen Technological Cooperation
Rosneft and Hyundai Samho Heavy Industries Co. Ltd. (HSHI) signed an agreement under which the South Korean company will provide technical support in the design and construction of Aframax class vessels at the Zvezda shipyard in Bolshoy Kamen. The agreement is a legally binding document. The document was signed as a part of the development of the agreement, under which a joint venture "Zvezda-Hyundai" was established in May 2017 between Shipbuilding Complex Zvezda and HSHI in the field of engineering and project management.
US Navy: Bigger is Better, but at What Cost?
The U.S. Navy has a balanced fleet, but it wants to grow bigger and better. Will the budget allow both? Maritime Reporter's March 2017 cover story on the U.S. Navy was all about the numbers. There exists several plans to grow the fleet beyond the current number of 308 ships, the Mitre recommendation of 414 ships, the Center for Strategic and Budgetary Assessment 340-ship proposal, and the Navy’s decision to grow the fleet to 355 ships, and the Trump administration’s 350. With so many numbers being bandied about, there are even more suggestions on how to get there.
Huntington Ingalls Steel-Cut for Aircraft Carrier Enterprise
Huntington Ingalls Industries has cut a 35-ton steel plate at its Newport News Shipbuilding division to kick off advance construction of the aircraft carrier Enterprise (CVN 80). The steel plate will become part of the foundation of Enterprise, the ninth U.S. Navy ship to bear the legendary name. Ship’s sponsors and U.S. Olympic gold medalists Simone Biles and Katie Ledecky gave the order to cut the steel during a ceremony that marks the first construction milestone in the life of the ship. Other ceremony participants included Rep. Bobby Scott, D-Va.; Rear Adm. Brian K.
Keel Laid for Hapag-Lloyd Cruises Expedition Ship
The next stage of construction for the second of the two new expedition ships for Hapag-Lloyd Cruises has been set in motion with a keel laying ceremony for the HANSEATIC inspiration held on October 18, 2017, in the Romanian port of Tulcea. The cruise line’s CEO, Karl J. Pojer, laid a specially produced coin in the first steel block of what will become the ship’s hull. As with its sister ship, the HANSEATIC nature, the coin was welded into the block and will bring the new vessel good fortune on all future expeditions. The keel laying of the HANSEATIC inspiration at the Vard shipyard in Romania will be followed by more milestones, such as the float-out of the hull and the completion of the external construction work.
Iran Shipbuilder Signs MoU With Netherlands’ Damen
Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards signed a memorandum of understanding (MoU) for cooperation in shipbuilding industry, reports Trend News Agency. The deal envisages cooperation in manufacturing advanced offshore vessels in Iran, the Iranian company announced in a statement. The cooperation will include technology and the transfer of know-how to Iran while employing domestic capacities in shipbuilding. Managed by Iran’s Social Security Investment Company (Shasta)…
PTA Raises Saudi Flag on Bahri's Fifth VLCC
The Public Transport Authority (PTA) has raised the Saudi flag on Shaden, a Very Large Crude Carrier (VLCC) owned and operated by Bahri, a global leader in transportation and logistics. At a ceremony held on Thursday, November 23 at Port of Ras Tanura in the presence of senior officials from PTA and Bahri, the new vessel joined the country’s national maritime fleet and became Bahri’s fifth VLCC to raise the Kingdom’s flag in 2017. Bahri is the world’s largest owner and operator of VLCCs with a fleet of 88 multi-purpose vessels.
LR Presents CES Descriptive Notes to China Smart Ship
Great Intelligence, the first China smart ship, was presented with Lloyd's Register (LR) cyber-enabled ship (CES) descriptive notes. Great Intelligence was designed by Shanghai Merchant Ship Design and Research Institute (SDARI) and built at Guangzhou Wenchong Shipyard Co., Ltd (GWS), a subsidiary of China State Shipbuilding Corporation (CSSC). Along with LR, System Engineering research Institute (SERI) and China Class Society (CCS) were also involved in this project. Great Intelligence…
Bahri Dry Bulk Secures Newbuild Finance
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant funding of SAR 360 million (USD 96mln) from Bank Albilad, one of the fast-growing banks in Saudi Arabia. The fund is to finance the purchase of four new bulk carriers as part of an agreement signed by the company in 2017 with Hyundai Mipo Dockyard (HMD), a member of Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding company based in South Korea.
China Rolls-out World's Second-Largest Ore Carrier
The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported. The 400,000-dwt mega ship, which is 362 meters long, 65 meters wide and 30.4 meters high, was delivered almost a year after the deal was made in 2016, China News Service reported. The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. The delivery was the first ship of the second-generation VLOC.
Bahri Adds VLCC 'Lawhah' to its Fleet
The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Lawhah” on Thursday, the company said. "Continuing its strong start to 2018, Bahri accepted the delivery of ‘Lawhah to further cement its market-dominant position in crude oil transportation," said a press release. The vessel, which lifts the total number of the company’s multipurpose fleet to 90, is the second of five VLCCs to be received this year from Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company based in South Korea.
Huntington Ingalls Promotes Two Vice Presidents
America’s largest military shipbuilding company announced that Jeanne Callahan has been named corporate vice president, internal audit, and that David “Chip” Wasson has been named corporate vice president, corporate strategy. Both promotions are effective immediately, and both report to Chris Kastner, executive vice president, business management, and chief financial officer. Callahan has served as director, business management, contracts and government compliance, since HII formed in 2011.
Christie Thomas New Vice President at Huntington Ingalls Industries
Huntington Ingalls Industries announced that Christie Thomas has been promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. She will succeed Tom Johnston, who will retire on April 1. Thomas will have overall responsibility for contracts, pricing, and export/import licensing and compliance for the Newport News shipyard and will report to Don Godwin, Newport News’ chief financial officer. She joined HII’s Ingalls Shipbuilding division in 2006 and has held director-level positions in supply chain management…
Bahri Adds New VLCC Khurais
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92,further enhancing its market-leading capabilities in crude oil transportation. The new addition is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company.