Maritime Industry Top News
Ingalls Shipbuilding: Gulf Coast Santa to Needy
Ingalls Shipbuilding brings holiday cheer to communities through employee donations and $15,000 to local food banks. Huntington Ingalls Industries' Ingalls Shipbuilding division and its employees have participated in holiday giving throughout all of the communities on the Gulf Coast. Hundreds of employees worked together to donate money, food, toys and other special items to several different organizations.
Goa Shipyard Hands Over India Naval OSPV
The first of the new 105 meter class of Naval Offshore Patrol Vessel to be commissioned INS Saryu' handed over to the Indian Navy. The new vessel, indigenously designed in-house and built by Goa Shipyard Ltd. was handed over in a simple ceremony in Goa by RAdm (Retd) Vineet Bakhshi, Chairman & Managing Director, Goa Shipyard Limited to Cdr Amanpreet Singh, Commanding Officer Designate, INS SARYU. Cmde R. Sreenivas, Commodore Superintendent, NSRY (Port Blair), Shri R.
Malaysia Port Operators Seek Growth in New Markets
Westports Malaysia, operator of the country’s busiest port, Port Klang looks to potential markets in SE Asian countries to expand container business. Chief executive officer…
UK Shipping Carbon Budget Decision Deferred
UK Government announce its decision on international aviation and shipping emissions. Government will defer a decision on whether to include international aviation…
HIgh LNG Freight Rates Possibly Short-term
Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant…
New Bulker, Drawdown Loans Actioned by Diana Shipping
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier…
Drilling Rig Status Update from Rowan
Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell…
COSCO China Shipyard to Build Four PSV's
COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's). The value of the contract with a Hong Kong shipowner, is about US$119.2 million in total, and deliveries are expected to begin in the first half of 2014. In addition, within six months, the ship owner has an option to declare up to another four contracts for the construction of the same UT771CDL PSVs,which has a value of approximately US$119.2 in total.
Shipbreaking
The new IMO convention on Ship Recycling and the EU Proposal for Regulation of Ship Recycling are being viewed with concern by ship recyclers in Alang, India. If…
Pirate Alley
Even with a multi-national flotilla of warships, armed security guards on merchant ships, and phalanxes of lawyers making policy and negotiating ransoms, seemingly unsophisticated Somalis and their small, simple skiffs still attack ships on the high seas and hold seafarers, ships and cargos for ever-growing sums of money. Rear Adm. Terry McKnight, a retired naval officer, had a front row seat in the effort to deter and defend against piracy on the high seas.
Aker Solutions: Seventh Drilling Equipment Package to Brazil
Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed.
Survival Training & The Virtual World
Citizens are sometimes left wondering how they can comply with the letter of the law. According to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW), in order to receive certification, seafarers must be able to demonstrate that they possess critical safety skills that would be required in shipboard emergencies, such as firefighting and lifeboat launching.
Forensics of the Sea
The sheer magnitude of insurance claims year on year within the shipping industry is striking. The complexities that now come with these claims is placing increasing pressure on surveyors to employ ever more sophisticated techniques in their quest to determine the reasons behind an incident and ascertain where the liability falls. Jeroen De Haas, Managing Director of BMT De Beer, and Han Wensink, Managing Director of BMT ARGOSS…
Tanker Response Continues on Hudson River
The Coast Guard is continuing to oversee the response to a motor tanker that suffered a hull breach to their ballast tank on the Hudson River near Stuyvesant, N.Y. Thursday.
EnerMech Weighs Up African Expansion
EnerMech Ltd has stepped up its presence in the African oil and gas sector with the £3 million (43 million Rand) acquisition of heavy load testing company Water Weights International SA (Pty) Ltd. The mechanical engineering group will use Water Weights International’s (WWI) strategic relationships to accelerate growth of its main business lines in South Africa and in key East and West African countries.
Stork Technical Services Welcomes ‘Class of 2012’
Stork Technical Services, a global provider of knowledge-based asset integrity services for the oil and gas, chemical and power sectors, has welcomed the first intake of eight graduates for the company’s recently launched UK Graduate Training Program. The ‘Class of 2012’ graduates will take on roles in a number of divisions including HSSEQ, project management, technical engineering, finance and commercial.
Arctech Helsinki Shipyard Delivered Icebreaking Offshore Vessel
Arctic offshore vessel NB-506 Vitus Bering was delivered at Helsinki Shipyard on Friday 21.12.2012 to the client Sovcomflot, the largest shipping corporation in Russia. The vessel will supply the Arkutun-Dagi oil and gas field in Sakhalin area, in Far East Russia. Vitus Bering is the first vessel of the series, the sister vessel NB-507 will be delivered in April 2013. ”Delivering this vessel today is an important achievement for Arctech.
Douglas-Westwood Provides Commercial Assistance
Douglas-Westwood has enjoyed an active autumn providing market and commercial insight to both trade and private equity firms in the process of buying and selling oilfield services…
Proserv Boosts Global Offering
A energy production technology services company Proserv has bolstered its rapidly-evolving global footprint and specialist integrated services after acquiring major US company Total Instrumentation & Controls (TIC). The acquisition of Houston-based TIC, which specializes in advanced process and control systems equipment and has a second manufacturing facility in Lafayette (LA), also significantly increases…
Agreement Strengthens GAC’s West African Presence
GAC has signed a Global Network Agency (GNA) agreement for ports in Ghana, Togo and Benin with Oil and Marine Agencies (OMA) Ltd, effective from 1 January 2013,…
