Maritime Industry Top News
Offshore Energy
How much can change in one generation? Let’s take a look at the current generation entering your workforce born between 1980 and 2000; the Millennials. This generation grew up rarely hearing the phrase, “You can’t do that.” They have always known what a computer is, have no concept of the breakthrough of the bag phone and are just now discovering that records (vinyls) have songs on both sides. Easy access to infinite knowledge has always been at their fingertips via the internet.
Making Flare Gas Useful
Wärtsilä has developed the GasReformer, a product which converts associated gas, which is often flared, into usable fuel for its dual-fuel engines. When producing oil, associated gas is also released from the deposits. In many places this gas is commonly burnt off in gas flares, a waste of energy and a pollutant of the atmosphere. In addition to useful methane, this gas consists of heavier hydrocarbons including ethane, propane and butane.
M.V. Ionic Smyrni Bulk Carrier Delivered
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Ionic Smyrni (MES Hull No. 1846) at its Tamano Works on 18th April, 2013 to Ionic Smyrni Inc., Marshall Island. This vessel is a handy-max type bulk carrier of 56,000 dwt with a large cargo hold capacity over 70,000 m3 and marks the 155th ship of its series. This 56,000 dwt type bulk carrier series of MES is widely called "Mitsui’s 56…
Floating Production Systems to Grow 40% in Five Years
IMA has just completed an in-depth analysis of the floating production sector. The study profiles the deepwater industry, examines the dynamics driving the sector and forecasts orders for floating production systems between 2013 and 2017. Highlighted below are some key findings in the study. There are now 264 floating production systems in operation. The number of units is 25% greater than five years ago, almost 85% higher than 10 years back and triple the number of units 15 years ago.
WQIS Strengthens Underwriting Department
John Moy has joined the team at Water Quality Insurance Syndicate as Vice President of Underwriting. John will lead the WQIS underwriting department. John came to…
Keeping Marine Projects Afloat
Today’s marine and offshore industry faces increasing challenges: the need to work faster on more complex marine products with an extended supply chain in a very competitive environment; to deliver on-time information to customers on the project’s status at any time; and to reduce program management costs as well as design and production time. In order to keep a competitive advantage, shipyard executives…
London International Shipping Week Appoints Board of Advisors
The industry-led Steering Group running the inaugural London International Shipping Week (LISW) has established an official Board of Advisors which will act as guardians…
GeoVS Installs Vessel Management System in Poole Harbor
GeoVS was awarded a contract to supply and install its system in Poole Harbor, Dorset. The system brings a step change in monitoring and managing ship movements in ports and restricted waterways. Dr. Rafal Goralski, Technical Director of GeoVS, a University of Glamorgan spin off company, explained the system is particularly appropriate for Poole Harbor, a growing port with a narrow entrance and restricted channel leading to its cargo quays.
TE SubCom Demonstrates Record-Breaking Transpacific Transmission
TE SubCom, a TE Connectivity Ltd. company, announced that its engineers have demonstrated record-breaking transpacific transmission using both 200Gb/s and 400Gb/s data channels.
GE to Upgrade U.S. Navy Ship
In efforts to extend ship life, increase capability and assure critical operations, the U.S. Navy is refitting its USS Mount Whitney Blue Ridge class command ship. GE’s Power Conversion business has signed a contract worth $14 million (USD) if all options are exercised with Military Sealift Command (MSC) for this three-year, large electrical refit project, which will be one of the largest MSC has ever…
Intelsat Commences Proposed IPO
Intelsat S.A. (formerly known as Intelsat Global Holdings S.A.) announced the pricing of its initial public offering of 19,323,672 common shares at a price of $18.00…
Herbert Koelman Wins GL COMPIT Award 2013
Herbert Koelman was announced as the winner of the GL COMPIT Award 2013. The Dutch computer aided design expert was honored for his paper's contribution to the promotion of innovative approaches in ship design, at the COMPIT Conference which took place from April 15 to 17 in Cortona, Italy. The jury singled out Dr. Koelman, SARC, from a short list of several highly qualified candidates because his paper outlines a roadmap for advanced ship design approaches over the next decade.
ITIC Highlights Value of Diligent Debt Collection
ITIC highlighted the value of diligently pursuing the collection of shipping industry debts in today’s difficult economic climate. In its latest Claims Review, ITIC notes that a shipbroker acting for charterers was owed $25,000 in commission by an Indian voyage charterer under a charter party which provided that the charterer would deduct the commission. Having written to the charterer and not received a response…
Whale Struck by Container Ship, Carcass Removed from Seattle Area Beach
Global Diving & Salvage, Inc. was contracted to remove the fin whale that had washed up on the Seahurst Park beach in Burien, WA. Global removed the carcass and prevented its further decomposition in the city park. On April 13, several reports were made to the U.S. Coast Guard that a whale had washed up approximately five miles south of Seattle’s Alki Point. The fin whale, not local to thearea, was…
Indonesian Navy Selects VSTEP Bridge Simulators
For training of its Sigma Class Corvette bridge personnel, the Indonesian Navy and Ministry of Defense selected VSTEP to supply two Class A NAUTIS Full Mission Bridge (FMB) Simulators for its Kobangdikal marine training facility in Surabaya. The Indonesian Navy is currently modernizing its fleet to more effectively combat maritime crime and piracy. Beginning 2012, the Indonesian Navy added several Sigma Class Corvettes to its active fleet.
Rolls-Royce to Supply Propulsion for Neptune Lines
Rolls-Royce won a contract to supply its Promas propulsion system for two new car and truck carrying ships which are being built in Korea for Neptune Lines. Promas is an integrated propeller and rudder system that increases efficiency and manoeuvrability. The vessels, to be built by Hyundai Mipo Dockyard Co (HMD), will also feature steering gear and deck machinery from Rolls-Royce. The two ships were originally specified with a competing propulsion system from another supplier…
Weakness Found with Oil Spill Response Equipment
Parat Halvorsen AS gathered key personnel from the maritime industry to a technical review and discussion of tank heating solutions for supply vessels with NOFO notation. Technical and operational persons from shipyards, shipowners, consultants and the NCA (Norwegian Coastal Administration) were present as practical tests were performed at the company fabrication and test facilities in Flekkefjord. The seminar also covered the basic background theories for the empirical tests.
Wärtsilä Order Intake Up, Net Sales Down
Wärtsilä Corporation releases its January to March 2013 interim financial report. "The beginning of 2013 developed according to our expectations. Order intake grew by 22%…
U.K.'s Liverpool Bay Dredging Secret Discovered
New research tracking the movement of dredged sediment around Liverpool Bay could save millions of pounds in dredging costs. Each year, sediment must be dredged…
POLB Construction Projects Give Work to 5,000
Port of Long Beach (POLB) modernization projects created 5,166 new construction-related jobs in the region in 2012. The number of new jobs is mainly linked to the award of contracts for the design and building of the Gerald Desmond Bridge replacement and an ongoing terminal makeover. In 2012, the Port awarded a $650 million design-build contract for the bridge project and major contracts for the Middle Harbor Redevelopment Program.
