Maritime Industry Top News
Great Lakes Coal Trade Up 7.3% in July
Shipments of coal on the Great Lakes totaled 2.9 million tons in July, an increase of 2.5% over June, and an increase of 7.3% compared to a year ago. This marks the second straight month trade rises.
Crowley to Expand Petroleum Fleet and Service Offerings
Crowley Maritime Corporation announced today that it will continue to grow its fleet of petroleum vessels and enhance service to customers by contracting with Aker Philadelphia Shipyard Inc. (APSI) to build up to eight product tankers for delivery between 2015 and the end of 2017. Construction contracts have been signed with APSI for the first four 330,000-barrel tankers with deliveries in 2015 and 2016.
Ingalls Declares Quarterly Dividend
Huntington Ingalls Industries (HII) announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, payable on Sept. 13, 2013,ā¦
Shipping Corporation and Two Engineers Convicted in āMagic Pipeā Case
Diana Shipping Services S.A., a Panamanian corporation headquartered in Greece, Ioannis Prokakis and Antonios Boumpoutelos, both citizens of Greece, were convictedā¦
Ferguson Reports Profits Increase for 2012
The Ferguson Group, global specialists in the provision of offshore DNV 2.7-1/EN12079 containers and accommodation solutions, has posted its 2012 results, which show continuing growth, with worldwide sales increasing by over 10% to £57.6m and pre tax profits up to £16.2m from £15.6m in 2011. Commenting on the results, Richard Smith, Group Finance Director, said: ā2012 was another successful year for the Ferguson Groupā¦
IHC Merwede to Build Six Pipelaying Vessels for ā¬1 Billion
IHC Merwedeās Offshore division secured orders worth over ā¬1 billion for the design, engineering and construction of a total of six pipelaying vessels. The agreementsā¦
Voith Propels Two New Long Beach Fireboats
Voith will provide Voith Schneider Propellers and turbo couplings for two fireboats designed by Robert Allan Ltd. for the Port of Long Beach, U.S. With a water pumping capacity of more than 40,000 gallons per minute they will be among the world's most powerful fireboats. With a total of 10 monitors, each of the two identical fireboats is able to throw more than 40,000 gallons of water per minute. The water jets reach a height of up to 236 feet and a distance of up to 580 feet.
New Counter-Piracy Force Flagship on Station
The Dutch Landing Platform Dock 'HNLMS Johan de Witt' has joined the EU Naval Force (EU NAVFOR) Somalia ā Operation Atalanta. For the next 4 months, Johan de Witt will be the EU Naval Force flagship, hosting the Force Commander, Commodore Peter Lenselink, and his multinational staff on board. HNLMS Johan de Witt is a Landing Platform Dock, 176.5 metres in length and 16,948 tonnes displacement. She can accommodate up to 600 persons and has many different assetsā¦
NewLead Holdings' NASDAQ Compliance Plan Accepted
Greece's NewLead Holdings Ltd. says that NASDAQ has accepted its plan to regain compliance in order to permit the continued listing of the Company's common stock on the NASDAQ Global Select Market.
Crowley Maritime Named a Top 3PL Provider Again
For the fifth consecutive year, Crowley Maritime Corp.ās logistics group has been recognized as one of the best-equipped industry providers after being named a 2013 Inbound Logistics Top 100 Third-Party Logistics (3PL) Provider. Editors selected Crowley, along with the companyās fellow honorees, from hundreds of candidates, based on its ability to offer diverse operational capabilities, scalability and experience to meet readers' unique supply chain and logistics needs.
Ardmore Shipping Orders Product Tankships
Ireland's Ardmore Shipping Corporation (NYSE: ASC) say they have begun the execution of their product and chemical tankship fleet explansion plan. The company has put the plan into effect by exercising options on a further two 50,300-dwt IMO 3 eco-design product tankers ordered from SPP Shipbuilding Co. Ltd, South Korea. (āSPPā). This extends the series from SPP to a total of eight new ships with deliveries beginning in January 2014.
Latest DofD, Navy, Contracts
Two dredging and dredging related contracts are among the latest awarded by the Department of Defense, Navy, for the contracting authority, the Army Corps of Engineers.
New Scania Marine Engines Tier 3 EPA Compliant
The Scania Marine engine range for EPA Tier 3 is the latest edition to the Scania marine engine range, which includes enhanced environmental performance with increased power, and yet unchanged fuel consumption. The engine range consists of a 13 liter Inline six and a powerful 16 liter V8 for use in both marine propulsion and marine auxiliary applications. These new engines will conform to upcomingā¦
McDermott & Ocean Installer Split Amicably
McDermott and Ocean Installer have reached a mutual agreement to dissolve the interim North Sea project-specific alliance the two companies entered into in December 2012.
Cavotec Bag Maritime Orders Worldwide
The Cavotec engineering group has won orders worth EUR 7.2 million for several of its Ports & Maritime technologies, including Alternative Maritime Power (AMP) systemsā¦
IMCA DP Specialist Plans Busy Autumn
Marine Technical Adviser Ian Giddings has a busy autumn ahead of him as he will taking part in four events in Singapore, Abu Dhabi and Houston; as well as being at the IMCA Annual Seminar, being held in Singapore (6-7 November, 2013) where he will be facilitating a workshop on DP incident reporting. Providing guidance on all aspects of dynamic positioning; technical reports and annual incident reportsā¦
Teekay Tankers' Q2 2013 Loss Attributed to Charter Market Changeover
Teekay Tankers Ltd. report an adjusted net loss of $6.3 million, or $0.08 per share, for the quarter ended June 30, 2013, compared to adjusted net income attributable to shareholders of Teekay Tankers of $0.9 million, or $0.01 per share, for the same period in the prior year. Teekay explain that the increase in adjusted net loss attributable to shareholders of Teekay Tankers is primarily the resultā¦
'White Space' Waterway Communications System Evaluated
Hosted by the Port of Pittsburgh Commission, Metric Systems Corp. carried out Beta-testing of its 'White Space' spectrum wireless networking systems with successful results. The trial was a tough, real-world application showcasing the superior propagation capabilities of the newly opened unlicensed TV bands, called White Space spectrum, says Metric Systems. Using the production RaptorX (VHF/UHF Networkā¦
Alterna Product Tankship Purchases Financed by CIT
CIT provides $61.8-million financing to Alterna Capital Partnersā Portfolio Company to acquire three āECO-Designā product tankers. CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT ECO-design Medium Range (MR) IMO II/III product/chemical tankers from STX Offshore & Shipbuilding Co., Ltd.
PaR Marine Debuts Fireproof Bulkhead Paneling
Marine Systems Technology Ltd. (MST), which is part of the PaR Marine division, has developed and successfully qualified a fireproof paneling system for A60 marine applications.
