Maritime Industry Top News
Enbridge to Further Ration Crude Shipping Space
Reuters - Canadian pipeline company Enbridge Inc will apportion space on the 231,000 barrel-per-day Line 6B by an extra 35 percent in March, two trade sources said on Wednesday.
EU Shares Counter-piracy Knowledge with Tanzania
On Monday, February 24, European Union counter-piracy operation Atalanta and EUCAP Nestor, the civilian-led Maritime Security Capacity building EU Mission, hosted two training sessions for Tanzanian Maritime Police and Navy in Dar es Salaam to share knowledge and experiences in fight against piracy in the Horn of Africa and Western Indian Ocean region. The practical trainings held on board the EU Naval Force flagship…
HII Declares Quarterly Dividend
Huntington Ingalls Industries (HII) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, payable on March 14, 2014, to shareholders of record as of the close of business on March 7, 2014. HII will release its full fourth quarter 2013 financial results tomorrow, February 27 and host an earnings conference call at 9 a.m. EST the same day. The call will be webcast live on HII's website: huntingtoningalls.com.
Star Bulk Charters Two Newbuilds
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, announced that it has entered into agreements with CSSC (Hong Kong) Shipping Company Limited, an affiliate of Shanghai Waigaoqiao Shipbuilding Co. Ltd of China (SWS) to bareboat charter, two fuel efficient Newcastlemax dry bulk vessels, hull numbers 1372 and 1371 each with a cargo carrying capacity of 208…
WCI Praises IWTF Tax Reform
Waterways Council, Inc. (WCI) President and CEO Michael J. Toohey today praised the leadership of House Ways & Means Committee Chairman Dave Camp (R-Mich.) for inclusion of a recommendation to increase, by six cents per-gallon, the 20-cent-per-gallon user fee paid for by inland waterways towboat operators into the Inland Waterways Trust Fund (IWTF). The IWTF funds new construction and major rehabilitation of priority navigation projects on the nation’s inland waterways system.
Officers Elected at Port of Greater Baton Rouge
The board of commissioners for the Port of Greater Baton Rouge recently elected officers for 2014. Officers elected include Blaine Sheets, Ascension Parish, president; Clint Seneca, Iberville Parish, vice president; Corey Sarullo, Iberville Parish, secretary; and Bobby Watts, East Baton Rouge, treasurer. Blaine Sheets, president, is president of Specialized Industrial Maintenance in Gonzales and is a former member of the Board of Commissioners for the Pontchartrain Levee District.
China's Assertiveness Hardens Malaysian Stance in Sea Dispute
The submerged reef would be easy to miss, under turquoise seas about 80 km (50 miles) off Malaysia's Borneo island state of Sarawak. But two Chinese naval exercises…
Boskalis Expects Baltic Ace Salvage Contract
The Dutch Department of Public Works intends to award the contract for the salvage of the wreck of the car carrier Baltic Ace to Boskalis and its partner Mammoet Salvage, Boskalis announced in a press release late last week. The wreck and its cargo need to be removed because they pose a threat to the environment and to shipping on the busy route towards the Port of Rotterdam. The Department of Public Works expects the definitive signing of the contract in the second half of March 2014.
Mariner Medevaced near Alaska
A U.S. Coast Guard (USCG) Air Station Kodiak MH-60 Jayhawk helicopter crew, forward deployed in Cold Bay, medevaced a mariner from the 680-foot fish processing vessel…
RS, Baku Shipyard Enter Crewboat Agreement
Russian Maritime Register of Shipping (RS) signed an agreement with Baku Shipyard LLC of Azerbaijan for the design approval of project 38М сrewboat high speed craft (designer - SHIPTECH, Singapore).
Glasgow Struggles Following Shipbuilding Departure
Showy entertainment venues, museums and new housing blocks have replaced many of the shipyards that once lined Glasgow's River Clyde. Long gone are the days when the area was an industrial powerhouse producing around a fifth of the world's ships - now Scotland's largest city promotes itself instead as a financial and commercial hub, soon to host the 2014 Commonwealth Games. But although billions of…
Cape Wind Secures $600M toward Mass. Wind Farm
Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have…
Diesel Electric River Push Boats Delivered
On February 21, 2014 UZMAR Shipyard, also known as “Workboat and Tug Factory” of Turkey, announced the delivery of first two most advanced diesel electric shallow draft river push boats to Brazilian Owners, Hidrovias do Brazil S.A. A total of eight ordered push boats will operate in Parana River, South America under a long term iron ore barge transportation contract with VALE. The first two push boats were transported from UZMAR Shipyard…
DNV GL Debuts New Explosion Hazard Software
DNV GL’s new Phast 3D Explosions software module enables advanced 3D modeling, increasing both the accuracy and detail of the evaluations as well as information about the speed of vapor cloud explosion (VCE) analyses. Phast software is used to model safety aspects of design options for proposed new facilities and for operational changes in existing facilities. The software examines the progress of…
Papp Delivers Final State of the Coast Guard Address
U.S. Coast Guard Commandant Adm. Bob Papp delivered his final State of the Coast Guard address at Coast Guard Headquarters, St. Elizabeths Campus, Washington, D.C., Wednesday. Papp provided an overview of programs and issues of the last four years and also looked ahead to what the Coast Guard may face in the future. Papp mentioned progress in the Coast guard’s improvement of its sexual assault prevention and response program…
Petrobras to Expand Production in Argentina
Reuters - Brazilian oil company Petróleo Brasileiro SA wants to boost oil exploration and production activities in neighboring Argentina, Chief Executive Maria das…
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.
Diamond Offshore Drilling's CDS Widen 47%
Reuters - (The following statement was released by rating agency RPT-Fitch Solutions) Credit default swaps (CDS) on Diamond Offshore Drilling Inc. (Diamond) have widened 47% over the past month, according to Fitch Solutions. Diamond's CDS significantly underperformed the 3.4% CDS tightening for the broader North America oil and gas sector over the same time period. Additionally, the cost of credit protection on Diamond's debt has been climbing steadily since late January.
Damen Delivers Second Twin Axe FCS 2610 to Sure Wind
British company Sure Wind Marine Ltd. has taken delivery of its second Damen Twin Axe Fast Crew Supplier – the Sure Swift - in a little over a month after the first joined the company’s fleet. Established in 2009, Sure Wind is a specialist in the German offshore wind market and now has 10 dedicated wind farm service and crew transfer vessels, the latest two being the first newbuild Damen vessels. Sure…
Prominent Naval Engineer Dr. Ilario Hilary Rolih Dies at 82
We deeply and sadly regret to advise the passing of George G. Sharp’s Chairman of the Board Dr. Ilario Hilary Rolih on February 16, 2014. Dr. Ilario Hilary Rolih passed away at the age of 82 on February 16, 2014 while on vacation in Cancun, Mexico. Dr. Rolih had more than 58 years’ experience in the marine industry. He was the chairman of the Board at George G. Sharp, Inc. since 1983. He had a Doctor of Naval and Mechanical Engineering Degree from the University of Trieste in 1956…
