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Small Dry, Big Value
VesselsValue’s new Small Dry module provides values for MPPs (and heavy-lift), single and tweendeckers, small handys and general cargo vessels. On the heels of its November 2015 launch, VesselsValue delves deeper into the sector’s nuances, premiums and discounts. The small dry sector is relatively old and experiences a much lower rate of fleet renewal than perhaps bulkers or tankers. On VesselsValue the average age of a small dry vessel is 18.3 years compared to that of bulkers (8.6 years)…
Aker Solutions ASA: Q3 2012 Results
Aker Solutions' operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 percent higher than in the first nine months of 2011.
Mooring Inspection is Critical for Ageing Assets, says Welaptega
Failures of mooring systems in offshore floating production are not easy to predict, but they do occur, and they will happen more often as infrastructure nears the end of design life.
Scientists Produce Data from Largest Single Volcano
Tamu Massif is a volcano the size of New Mexico and lurks 6,500 feet beneath the surface of the Pacific Ocean. During their 36 day expedition, the science team undertook…
Snow storms, Earthquakes - Scientists to Predict
Russian scientists have demonstrated the ability to predict earthquakes, typhoons and snowstorms on the changes of the atmosphere. "These experiments allow satellite…
Omega Navigation Q3 2009 Results
For the quarter ended September 30, 2009, Omega Navigation reported total revenues of $14.3 million and Net Income of $1.9 million, or $0.12 per basic share, excluding…
Intellicheck Mobilisa Awarded TWIC Contract
Intellicheck Mobilisa (NYSE Amex: IDN) announced that they were awarded a contract with the Port of New York/New Jersey to supply them with mobile Transportation…
CETA Will Greatly Benefit Maritime Transport
European shipowners have worryingly followed the negotiations thriller of the Comprehensive Economic and Trade Agreement, CETA, and feel very relieved today as the…
DNV GL Opens LNG Test Center
DNV GL opens LNG test center. The facility, at the organization’s existing renewable energy technology and gas laboratory site is the first type of facility with…
Human Performance and Limitation for Mariners
The Nautical Institute’s latest book, Human Performance and Limitation for Mariners, builds on a concept first introduced in the aviation industry that was responsible…
Australian Navy Role-models Boosted by Graduation
Eleven Indigenous young men and women graduated from Navy Recruit training in one hit on October 13 in front of family, friends and the Chief of Navy. For Seaman Star Marine Technician Jeff Andrews…
UN Welcomes IMO Steps to Limit Emissions
United Nations Secretary-General Ban Ki moon has welcomed the steps agreed upon today by the members of the International Maritime Organization (IMO) to address…
Thailand, Burma, Agree to Push Deep-water Port Project
Thailand & Burma establish joint committee to facilitate construction of the border Dawei deep-seas port. Thai Prime Minister Yingluck Shinawatra met with Myanmar…
GAC Expands and Restructures UK Services
Global shipping, logistics and marine services group GAC has announced the merger of its UK operations to better meet clients’ needs, effective 1 January 2010. Shipping services company GAC-OBC, with more than 20 offices throughout the UK, becomes GAC Shipping (UK) Ltd, alongside GAC Logistics (UK) Ltd, GAC’s UK freight forwarding arm. In-house travel agency, GAC-OBC Business Travel, is rebranded as GAC Travel Ltd.
TGS Signs LOI for Seabird Exploration Seismic Vessel Charters
Norway-based TGS informs that it has signed a Letter of Intent with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months. The Letter of Intent gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the offshore waters of Mexico. In December 2013, Mexico's Congress gave final approval to a historic energy reform…
Geodis Wilson Appoints New Global Director
Global freight management company Geodis Wilson has announced the appointment of Mark Ness as new Global Industry Director – FMCG (Fast Moving Consumer Goods). Mark’s…
Libya Seizes Tanker Suspected of Fuel Smuggling
Libya's naval forces seized a Togo-flagged fuel tanker and arrested its Greek crew on suspicion they planned to smuggle oil out of the North African country, a spokesman for the forces said on Thursday. Libya's western coast is a departure point for the smuggling of heavily subsidised gasoline to neighbours such as Tunisia and Malta, where retail prices are much higher. "The naval forces seized a Togo-flagged oil tanker in the territorial waters without permissions from the state of Libya.
NYMAR Adds Powerhouse
Clay Maitland to join Peter Shaerf as organization’s chief drivers. New York Maritime Inc. (NYMAR) Chairman, Peter Shaerf of AMA Capital Partners, has announced that Clay Maitland will join him in heading this organization whose mission is to promote the New York maritime cluster effective immediately. NYMAR will be celebrating its tenth anniversary next year. Together they will serve as Co-Chairmen of the organization.
Imtech Marine Opens Two New Offices in Spain
Imtech Marine, global full-service provider of tailor-made, innovative marine technology solutions, opened a new office in Barcelona on November 1, just weeks after…
Certified Port Executive Program Welcomes New Members
The CPE Certified Port Ececutive Program welcomed ten new graduates at the completion of their program in Vancouver, October 19th 2012. The CPE Certified Port Executive Program creates a new learning pathway for professionals in the port world. Course topics include an overview of the worldwide intermodal transportation system; port and terminal operations; cargo management; safety and security; emergency planning and response…
