Maritime Industry Top News
Dry Bulk Carrier Newbuilding Orders Surge
Dry bulk carrier newbuilding orders predominate among the contracts reported in the latest issue of the Clarkson Hellas S&P Weekly Bulletin. One order is reported by Clarkson Hellas in the larger dry sizes this week, with Foremost Maritime contracting two firm 180,000 DWT Capesize at Beihai Shipyard. Delivery of the first vessel is due in the later part of 2015, with the second due in the final quarter of 2016.
Caspian Sea Shipyard Wins BP Exploration SCV Contract
Keppel supported Baku Shipyard has won a first major contract from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design…
Matson Declares Q2 2014 Dividend
Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share. "Today's authorization continues Matson's outstanding history of paying dividends and reflects the solid financial foundation of our Company and the confidence we hold in its future," said Matt Cox, Matson's President and Chief Executive Officer. The dividend will be paid on June 5, 2014 to all shareholders of record as of the close of business on May 8, 2014.
Cruise Ship Liability & Compensation Treaty Kicks In
The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23…
GLDD Sells Historic Demolition Business
Largest provider of dredging services in the United States, Great Lakes Dredge & Dock Corporation (GLDD) informs it has completed the sale of NASDI, LLC and Yankee Environmental Services…
Cold War Revival? British Military on QV
The Royal Navy’s 'fleet ready' escort HMS Dragon, a Type 45 destroyer, pinpointed and monitored the movement of the Russian destroyer Vice Admiral Kulakov as it transited past the UK coast.
Oceanteam Financial Transformation Aids 2013 Business
Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA. "In addition, new opportunities were identified and followed upon, which resulted in particular in a large back log for RentOcean and the establishment of DOT Shipping. This joint venture with Grupo Diavaz is to service the fast growing Mexican market.
Australian Warship Bags Record Heroin Haul
On the eve of Anzac Day commemorations, Royal Australian Navy (RAN) frigate 'HMAS Darwin' seized and destroyed more than one tonne of heroin. The record 1032 kilograms of heroin was discovered on board a dhow in the Indian Ocean, approximately 27 nautical miles east of Mombasa, Kenya. RAN explains that the record 1032 kilograms of heroin was discovered on board a dhow in the Indian Ocean, approximately 27 nautical miles east of Mombasa, Kenya.
Bayport Dredging a Step Closer; Barbours Cut Pending
The U.S. Army Corps of Engineers has furnished the Port Authority its draft permit for the Bayport Channel Improvement project, Executive Director Roger Guenther…
At Hamburg port E-mobility Project, BESIC enters crucial phase
Ten battery-operated heavy goods vehicles now transport containers between ships and the yard at the highly automated handling facility in the HHLA Container Terminal Altenwerder (CTA).
Life Rafts Not Functioning On Sunk Ferry's Sister Ship
South Korean investigators said on Friday that life rafts and escape chutes on a sister ship to a sunken ferry were not working properly. The Sewol ferry, weighing almost 7…
Historic Schooner Adventuress to Offer Tours at the Port of Everett
Historic Schooner AdventuressEverett, Wash. - National Historic Landmark, the schooner Adventuress, will make its annual sail to visit the Port of Everett Marina April 26 - 29.
ExxonMobil Donates $13.4 Million to 'United Way of Greater Houston'
ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest…
US Closer to Imposing More Sanctions on Russia
U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions on Russia by saying time was running…
Coast Guard groundbreaking ceremony recogizes new support facility
Representatives from the 14th Coast Guard District, Coast Guard Base Honolulu and Mortenson Federal Contracting Group participated in a groundbreaking ceremony for…
Gasoline Prices Up In Iran on Subsidies Cut
Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will improve…
Port Launches Emergency Landing Craft
Port of Long Beach officials welcomed a new addition to their small fleet of boats this week with the delivery of a refurbished and retrofitted landing craft that will strengthen their emergency recovery capabilities. Donated to the Port by the U.S. Defense Logistics Agency, the Landing Craft Mechanized Mark 8, or LCM-8 underwent 12 months of renovations to add cleaner engines, a salvage crane and a galley.
Reps. Byrne and Palazzo Visit Ingalls Shipbuilding
Reps. Bradley Byrne, R-Ala., and Steven Palazzo, R-Miss., visited Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division Wednesday. The congressmen, both members of the House Armed Services Committee, met with shipbuilders and were briefed on the construction processes for the four different classes of military ships built at Ingalls. The Congressmen toured the shipyard and visited various shops where ship units are assembled.
19th Century Shipwreck Found off Golden Gate Bridge
NOAA announced it has found the underwater wreck of the passenger steamer City of Chester, which sank in 1888 in a collision in dense fog near where the Golden Gate Bridge stands today. The announcement was made during a press event at Gulf of Farallones National Marine Sanctuary’s San Francisco headquarters at Crissy Field. NOAA’s predecessor agency first located ship in 1890, two years after it sank.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
