Maritime Industry Top News
Banks Won't Fund Coal Port Expansion near Reef
Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, respondingā¦
USCG Saves 6 from Sinking Vessel on Portage River
The U.S. Coast Guard (USCG) rescued six people from the Portage River near Port Clinton, Ohio, Thursday, after the vessel they were aboard began taking on water.
USS Vella Gulf Enters Black Sea
According to the U.S. Navy, its Ticonderoga-class guided-missile cruiser USS Vella Gulf (CG 72) will enter the Black Sea Friday, May 23, to promote peace and stability in the region. Vella Gulf's mission is to work with NATO allies toward mutual goals, demonstrating the United States' commitment to strengthening and improving interoperability in the region, the Navy said. The U.S. Navy routinely operates ships in the Black Sea consistent with the Montreux Convention and International Law.
MOL Assists South African Primary Education Initiative
Mitsui O.S.K. Lines, Ltd. said it plans to assist nonprofit organization South Africa Primary Education Support Initiative (Sapesi-Japan) with the ocean transport of mobile library vehicles to the Republic of South Africa. This marks the fourth time since 2009 that MOL has contributed to this initiative. MOL previously transported 32 vehicles, and in this phase, it will transport six more. Those will be transported by MOL's car carrierā¦
MOL Tabletop Drill Prepares for Major Offshore Incident
Scenario: Fire in bulkship engine room, vessel runs aground. Mitsui O.S.K. Lines, Ltd. announced that, under cooperation of the 6th Regional Coast Guard Headquarters of Japan Coast Guardā¦
Three Sailors Rescued 350 Miles off Virginia
The U.S. Coast Guard (USCG) said it coordinated the rescue of three people Thursday who were rescued by good Samaritans after their 41-foot sailboat, the Elusiveā¦
WRRDA Spurs Savannah Harbor Expansion
The U.S. Senateās passage of the federal Water Resources Reform and Development Act of 2014 (WRRDA) has cleared the way for construction to begin on the Savannah Harbor Expansion Project. The House passed identical legislation on Tuesday. Georgia Ports Authority Executive Director Curtis Foltz called the billās passage a critical milestone. āTodayās action is an important step toward better accommodating the larger vessels that are the new standard in global shipping,ā said Foltz.
Can O&G Drilling Methods Help Mars Exploration?
As the search for oil and gas reserves continues, exploration and production activities are occurring in increasingly harsh environments and drilling is going deeper than ever before. An experienced petroleum engineer is set to explain exactly how far this could extend ā namely to Mars - at a Society of Petroleum Engineers (SPE) Aberdeen presentation and dinner meeting this month. Professor Alfred William Eustes IIIā¦
Vard to Build OSV for Island Offshore
Vard Holdings Limited, a global designer and shipbuilder of offshore and specialized vessels, has secured a contract with Island Offshore for the construction of one Rolls-Royce designed offshore support vessel (OSV). Vard reports the value of the contract exceeds NOK 1 billion. Delivery is scheduled from Vard Brevik in Norway in 2Q 2016. The hull of the vessel will be delivered from Vard Tulcea in Romania.
SFL Acquires Bulk Carriers; Charters Box Ships
Acquisition of two 82,000 dwt dry-bulk carriers and long-term charters for 8,700 teu container vessels nnounced by Ship Finance International (SFL). Ship Financeā¦
China Warns Japan, Philippines Chastises China
China warned Japan on Friday to stay out of a growing dispute with its neighbors over the South China Sea, as the Philippines implicitly accused Beijing of delaying talks aimed at a solution.
Oil Producers Hope DC Talks Ease Export Ban
Recent meetings between U.S. oil producers and Commerce Department officials have fueled industry hopes that the Obama administration may soon begin to ease a longstanding ban on oil exports.
SAR Effort for UK Sailors Will End PM Friday
A search for four British sailors missing in the Atlantic Ocean after their yacht capsized a week ago will be called off by midnight on Friday if no sign of the men is found, British and U.S.
Asia Distillates: Gasoil Firms as Vitol, Glencore Buy
Asia's cash premium for benchmark 500ppm gasoil stayed firm on Friday as a buying spree in the Singapore cash market continued with a total of 10 deals for 500ppm gasoilā¦
MPE Interiors Complete OSV Outfitting
Liverpool (Birkenhead) UK-based maritime sector contractor MPE Interiors says it has completed an outfitting contract for North East shipyard operator UK Docks,ā¦
Oceaneering Awarded Navy AMS Contract Modification
Department of Defense, informs that Oceaneering International, Inc., Hanover, Maryland, is being awarded $8,941,224 for cost-plus-fixed-fee task order 0004 underā¦
Class Society RS Publish Seaworthiness Text Book
A book āSeaworthiness of Transport Shipsā by Doctor of Science Mikhail Kuteynikov ā Head of the RS Hull Department ā has been published in St. Petersburg, Russia.
Dangerous Business: Ecuadorian Fishing Fleet to Fit Tracker System
Leader in satellite messaging and emergency notification technologies, Globalstar, says that its Value Added Reseller, VehSmart, of Victorville, California, hasā¦
Australian Warship's Fourth Large Drug Seizure
Defence Minister David Johnston has congratulated the shipās company of 'HMAS Darwin' for a second major drug interception within a week during a patrol in the Arabian Sea.
Sea Star to Implement New Chassis Program
Sea Star Line informs that as part of its long term program related to chassis utilization, commencing Monday, June 2, 2014, it will introduce a new chassis programā¦
