Maritime Industry Top News
Container Shipping Rates Continue to Plummet
Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012. Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2,564 per 40-foot container and $1,341 per 20-foot. Due to overcapacity and various economic turmoil in the market, the market index for 40-foot has taken a massive dip with it being down 44 percent from May 2012.
IYRS Boatbuilding Grads Row Their Own Boats
Students from the IYRS Boatbuilding & Restoration Program will launch their careers, along with the boats they restored this past year as they graduate June 1, 2013. International sports figure and North Sails President Ken Read will help mark the start of students’ career paths as featured graduation speaker at this marine trades and technology school in Rhode Island. Read is a fitting person to clue…
Maersk Deliver Antarctica 'White Gold' to Europe
The 'white gold' is in the form of deep ice cores taken for scientific research from the south polar region for delivery to a Belgian university. The sensitive shipment required global collaboration across several Maersk Line teams. Samples of ice, or ice cores, each slightly longer and wider than a baseball bat, are regularly drilled from the sea ice of Antarctica. The cores are like gold in scientific value: each containing a multitude of microorganisms (algae…
PVA Make Alaskan Harbor Seal Protest
The Passenger Vessel Association (PVA) says existing voluntary Code of Conduct sufficient to protect Alaskan Harbor Seals. PVA has submitted written comments to…
Ultrapetrol to Refinance, Sells 7 Barges
In related recent announcements Ultrapetrol (Bahamas) says it intends to offer secured Notes, & has completed the sale of 7 barges. Business and Ocean Business)…
Offshore Equipment Firm Acquisition by Forum Energy
Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm. Completion…
Greek Shipowners Hit by Tax Changes
Greek shipowners must now pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offshore companies which have a branch in Greece…
Gulf Coast Shipyard Group Investment by Littlejohn
Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, has made an equity investment in Gulf Coast Shipyard Group, Inc. Gulf Coast Shipyard Group…
Seadrill Record Best-ever Quarterly Result
Seadrill announces favourable first quarter 2013 financial results. • Seadrill completes the sale of 18 tender rigs to SapuraKencana Petroleum Bhd. As of March 31, 2013, cash and cash equivalents were US$361 million, an increase of US$43 million compared to the previous quarter. Net cash from operating activities for the period was US$423 million and net cash used in investing activities for the same period was US$1…
Tall Ships in Great Lakes Battle Bicentennial
18 Tall Ships from around the world to navigate into the Western Basin of Lake Erie for 'The Battle of Lake Erie Bicentennial,' Aug. 29, 2013. From Norway to Duluth, Minnesota, the tall ships of the past now call ports from all over the world home. With large crews, constant upkeep and a host of other responsibilities, unveiling these pristine wooden vessels is a massive undertaking. Floating on the horizon with what looks like a scene out of the film Master and Commander…
New SIM Card Connects Absent Seafarers
G2 Crew Services, the J/V between Griffin and GAC, teams with iVitta to provide a cell phone SIM that covers more than 1,000 ports worldwide. "Web access on board…
Navy Awards BAE Funding for USS Russell Dry-Docking
Amongst the latest Department of Defense, Navy, contracts, BAE gains contract modification for work on warship DDG 59's extended drydocking. BAE Systems San Diego Ship Repair Inc.…
Coast Guard Promotes Female Rescue Swimmer
Chief Petty Officer Karen Voorhees is the first woman to be advanced to chief petty officer in the rate of aviation survival technician. “In 1976 we had the first female graduate from aviation survivalman school. In 1986 we had the first female graduate from a navy rescue swimmer school. Twenty-seven years later we have the first aviation survival technician promoted to the rank of chief petty officer,” said Capt. Joe Kimball, commanding officer of Air Station Miami.
WTS & Roccheggiani Sign HVAC Supply Agreement
Wilhelmsen Technical Solutions (WTS) agree with Italy's Roccheggiani to supply Heating, Ventilation & Air Conditioning (HVAC) systems to the offshore market. The…
Unique Propulsion for Unique Workboat Applications
Customized application for multi-missioned workboats recognizes that all workboats have more than one job. In an increasingly expensive market for workboats, any…
Today in U.S. Naval History: May 28
Today in U.S. 1917 - First underway fueling in U.S. Navy, USS Maumee fuels 6 destroyers in North Atlantic. LCDR Chester W. Nimitz served as Maumee's executive officer and chief engineer.
Duluth Port Executive Director to Retire
Adolph Ojard, Executive Director of the Duluth Seaway Port Authority, plans to retire this year after serving in that leadership role for the past decade. A national search is underway for a new Executive Director. The board anticipates having that person hired by the end of summer/early fall. After a brief transitional time, Ojard will then settle into retirement. Ojard was appointed executive director of the Duluth Seaway Port Authority in March 2003.
Chevron Vessel Sinks off Nigeria Coast
A support vessel capsized and sank during a tanker loading operation at a Single Mooring Buoy roughly 30 kilometers offshore in Nigeria’s Escravos area. Chevron Nigeria Limited (CNL)…
McDonough Arrives in Suriname to Move Cargo
McDonough Marine Service was contracted to provide tug and barge for project cargo transport in Suriname. The tow arrived on location for the barging of vessels and modules from shipside to a refinery near Paramaribo, Suriname. The refinery is upgrading modularized plant components with cargo fabrication originating from various ports around the world. The refinery will be built along the SurinameRiver using one of McDonoughMarine’s project cargo barges and an offshore tug.
Expro Releases 1Q 2013 Results
Expro said it is celebrating its 40th anniversary year with strong financial results for 2013. The company’s full financial results can be viewed online here.
