Maritime Industry Top News
Iraq Returns as World's Fastest-Growing Oil Exporter
Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
SENER Opens Office in India
The engineering and technology group SENER has opened a division in India with offices in New Delhi, Bengaluru and Chennai. This new geographical location responds to SENER’s globalization strategy and follows the development of previous engineering and construction projects in the country in the fields of Infrastructure & Transport, Aerospace, Marine and Power & Process. SENER has recruited a high…
BMT SMART Appoints McKelvie Product Manager
BMT SMART Ltd. (BMT), a subsidiary of BMT Group Ltd., an international maritime design, engineering and risk management consultancy, announced the appointment of Laura McKelvie as Product Manager. A University of Southampton graduate in Naval Architecture, Laura has been working with BMT for five years specializing in vessel performance monitoring and analysis. She has been involved in all aspects…
Singapore, UK Researchers Team up for Maritime R&D
Building on the fruitful past decade of U.K.-Singapore cooperation in scientific research and development, A*STAR’s Institute of High Performance Computing (IHPC) and the Southampton Marine and Maritime Institute (SMMI) officially launched a joint laboratory in Maritime and Offshore Engineering R&D today, to develop innovative technological solutions through modeling and simulation using high performance computing technology…
MacGregor K50 Cranes Ordered from Indonesia
MacGregor, part of Cargotec, has won an order for two 50-metric-ton SWL versions of its heavy-duty grab cranes. The K5036-4HD MacGregor cranes are destined for a 68m floating crane barge, which is being built by Batam-based PT. Karya Tekhnik Utama (KTU), in Indonesia. “Indonesia has one of the world’s fastest growing bulk export industries, and this order further increases our presence in this significant market,” said Anders Berencsy, Sales Manager for Transloading cranes at MacGregor.
Peel Ports Invests £8m in the Port of Liverpool
An £8 million investment in the Port of Liverpool’ animal feed warehouse facility makes it the largest of its type in the U.K., increasing capacity by 60% to 400,000sq.ft, allowing Peel Ports Group to add value to its customer supply chains and create effective logistics solutions, the company said. The Port of Liverpool is the U.K.’s most centrally positioned port and can uniquely connect by water to the major conurbations of Glasgow…
New Unithai Shipyard to Meet Offshore Demand
Thailand’s Unithai Shipyard and Engineering said it has expanded operations to support the steady growth of offshore operations. The company has opened a new branch in Songkhla province, one of the busiest offshore markets in the region. The new branch will be fully equipped to fulfil clients’ needs for their offshore operations, such as in ship repair, warehousing, berthing, workshops, equipment and tools.
Australia's Victoria state may sell two biggest ports
Australia's Victoria state government said it may sell Port of Melbourne, the country's largest container and general cargo port, continuing a rush by states to…
BP enters into partnership with New Zealand companies
Oil major BP said it entered into a joint partnership with New Zealand Refining Co Ltd and Z Energy to procure and process crude oil through New Zealand's only refinery…
Danish shipping fuel supplier OW Bunker confirms IPO plan
Private equity co Altor plans to partly sell holding; OW Bunker FY net up almost 50 pct at $63.4 mln. Revenue up more than 20 pct at $16.99 billion. Danish ship…
Batista companies extend test in Brazil offshore field
Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing.
Marine Diesel Oil Price-Spike Expected End of 2014
Reuters – New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil. From January 2015, ships entering "Emission Control Areas" (ECAs) in the Baltic, North Sea and English Channel and around the North American coast, will have to switch from low sulphur fuel oil (LSFO) with 1 percent sulphur content to 0.1 percent gasoil…
Crossing the English Channel by Ferry Preferred to Chunnel
More people used ferries to travel from the UK to the continent last year although cross-Channel numbers are still down on those of decade ago. According to the Department for Transport's recently released annual Sea Passenger Statistics the number of short sea international ferry journeys increased by 4% to 20.5m following two years of decline. In a reversal of the situation in 2012, when more passengers travelled internationally via the Channel Tunnel than on ferries for the first time…
Scorpio Bulkers in Limbo Until New & Chartered-In Ships Contribute
Scorpio Bulkers, headquartered in Monaco, report its results for the three months ended December 31, 2013 and for the period from March 20, 2013 (date of inception) to December 31, 2013. For the three months ended December 31, 2013, the Company had a net loss of $3.6 million, or $0.04 basic and diluted loss per share. During this period the Company had no vessels in operation. As such, the Company had no revenues, voyage expenses or vessel related expenses.
America's VSE Corp. Awarded NAVSEA Foreign Navy Contracts
VSE Corporation informs that its International Group has received several delivery orders totaling more than $13.4M to continue work performed under its Foreign…
Huntington Ingalls Awarded Additional Funds For CVN 79 Construction
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an additional 343 structural units and purchase the majority of the remaining material for the ship, including items such as valves, controllers, pumps and raw materials.
Navy's US$148-Billion FY 2015 Budget: Tough Choices Made
Rear Admiral William Lescher, 
Deputy Assistant Secretary of the Navy for Budget explains that in a period of fiscal austerity, the Department of the Navy’s $148 billion FY15 budget balances investments in presence, capabilities and readiness to provide sustainable forward naval presence and invest in our people and capabilities core to our warfighting edge. "We all know this budget comes amid an environment of increasing fiscal austerity and uncertainty.
ITC Global Rebrands as Single Company, Unite Acquisitions
ITC Global, a leading provider of satellite communications to remote and harsh environments announce that it has launched a new corporate brand as the final step…
Cribbing & Matting Extend Range to Australia, SE Asia
A high performance recycled plastic cribbing system engineered to provide optimum safety and durability when stabilising heavy loads is being introduced throughout Australasia and South-East Asia inform the Cribbing and Matting Co Pty Ltd., located in Sydney. The manufacturers explain that the lightweight, splinter-free, non-absorbent and environmentally sustainable Dura Crib and Dura Stat ranges were developed to replace older…
AAPA Sees Just One Bright Spot in President's Fiscal 2015 Budget
The American Association of Port Authorities (AAPA), on behalf of its United States member seaports, expresses both encouragement and disappointment over the funding levels and programmatic changes in federal port-related programs proposed in the President’s FY 2015 budget. While the President’s budget proposal included funding for a new National Infrastructure Investment program, it also decreases…
