Maritime Industry Top News
Oil Prices May Fall in Q3 Say Citigroup
Citigroup Inc. has said oil prices may fall in the third quarter, as economies weaken in Europe and Asia and Saudi Arabia produces surplus crude, Bloomberg reports.
BP Oil Spill Claims Process Still Causes Frustration
New Orleans has a new court monitored program that will be replacing the GCCF to administor the BP settlement to claimants. Danziger & De Llano partner Paul Danziger…
America's Cup Racing Returns to U.S.A
America’s Cup racing returns to the United States next month when the AC World Series brings nine of the top sailing crews in the world to Newport, R.I. The American team, ORACLE TEAM USA, currently leads the AC World Series by one point, so the final stop on the 2011-12 AC World Series circuit will determine the overall winner of the first-ever season. Nine crews from seven countries are competing in the AC World Series…
US Boat Industry Business Improves, Statistics Show
National Marine Manufacturers Association annual statistical report shows improving U.S. The NMMA’s annual Recreational Boating Statistical Abstract is the U.S.
Crowley Honored for Charitable Efforts
Crowley Maritime Honored with Award for Charitable Efforts from SUNY Maritime College; Award Recognizes Crowley’s Continued Commitment to Education. Crowley Maritime Corporation was recently honored for its charitable efforts with an award from the State University of New York (SUNY) Maritime College that recognized the company’s continued dedication to supporting SUNY students with scholarships, internship programs and career opportunities through the years.
Wesmar Stabilizers in Action
WESMAR Stabilizers ‘Likely Saved Our Lives’ Says Captain of 45-Foot Tug. For some, modern technology adds to entertainment and pleasure. Captain Robert Elves believes modern technology actually saved his life in this amazing story about a harrowing crossing on his Tugboat Ernest Hemingway. Here is his story. “The (WESMAR) stabilizers gave us a great ride in 4-6 ft swells on a 25-hour nonstop voyage from Port Canaveral to Great Sale Cay…
Historic Shipwreck Discovered in Northern GOM
During a recent Gulf of Mexico expedition, NOAA, BOEM and partners discovered an historic wooden-hulled vessel which is believed to have sunk as long as 200 years ago.
Coast Guard Publishes Final Action Memo
A damaged hoist cable and the inability to find equipment needed to repair the fraying cable are the two causal factors in the Coast Guard’s unsuccessful rescue of an injured crewmember off the sailing vessel Freefall during heavy weather Oct. 28, 2008, according to a Coast Guard final action memo released Wednesday. The memo directs 12 actions including reviewing existing policies, checklists, and maintenance and gear stowage procedures related to aircraft search and rescue mission preparation…
Ocean Rig Corcovado Accepted by Petrobras
Ocean Rig UDW Inc. (NASDAQ: ORIG) a global provider of offshore deepwater drilling services, announced that on May 15, 2012, the Ocean Rig Corcovado completed the…
Atlas Elektronik: New Torpedo Range Record
Atlas Elektronik increased the reach of its torpedoes substantially, setting a new range record. At a test-firing in March 2012, the heavyweight torpedo SeaHake mod4 ER (Extended Range) achieved a range of over 140 km. SeaHake mod 4 is the latest advancement of the DM 2 A4 heavyweight torpedo, which is in service with the German Navy as well as the navies of Turkey, Pakistan and Spain. By fully exploiting the system’s unique propulsion and battery technology…
Tanker Market: A Pessimistic Outlook
Drewry Maritime Research’s latest Tanker Forecaster report indicates that Suezmax owners got some respite in the first quarter of the year, but things are looking bleak in the longer term.
Fairmount Alpine Towed Rig Ocean Whittington to Gulf
Fairmount Marine’s tug Fairmount Alpine has towed the rig Ocean Whittington from offshore Belem, Brazil, to offshore Galveston, US. For this job Fairmount Marine was contracted by the rigs owner, Diamond Offshore Drilling, for which Fairmount has performed a series of towages in recent years. Ocean Whittington is a semi submersible drilling rig for deep water operations. The rig has worked offshore the northern Brazilian coast since 2009.
ABB to Power Subsea Construction Vessels
ABB wins $18 million order for subsea pipeline construction vessels. Zurich, Switzerland, May 16, 2012 -- ABB, the leading power and automation technology group, recently won an order worth $18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil. The order was booked in the first quarter.
MacGregor Equipment for 15 Asian OSVs
In April, Cargotec secured new contracts to deliver MacGregor anchor-handling, mooring and towing solutions for 15 offshore support vessels (OSV) of various types being built in China for Asian customers. The ships are being built in several shipyards in China for delivery throughout 2013 and 2014 to Coastal Offshore, Nam Cheong, Ezion Holding and Middle East interests. Cargotec is supplying anchor-handling/towing solutions for two 59m anchor-handling tug/supply vessels…
Report: Containership Industry Needs to Improve
Drewry Maritime Research’s new quarterly report Carrier Performance Insight revealed that industry-wide vessel schedule reliability improved to 72.3% in the first quarter of 2012…
New San Francisco Ferry Service Set to Start
San Francisco Bay Ferry's much-anticipated service between the East Bay and South San Francisco will launch on Monday, June 4, giving commuters a fast, stress-free alternative to the daily grind of traffic on the Bay Bridge and along Highway 101. Commuters will have the option to enjoy a comfortable and scenic 40- to 50-minute ride aboard sleek, modern vessels equipped with free WiFi and a host of other amenities. And, their fare is free for the first week of service.
Strong & Steady Start for Seaway
Positive Outlook as St. Lawrence Seaway Opens the 2012 Season. The steel and construction industries pushed the demand for North American commodities such as iron ore, stone and cement, and provided the 2012 shipping season with a solid start. The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to April 30 were 4.4 million metric tons, up 2.24 percent over the same period in 2011.
Sonardyne Security Solution Deployed in Middle East
Sonardyne Sentinel deployed to protect high security Middle-Eastern facility. Maritime security company, Sonardyne International Ltd, has successfully completed the installation of an integrated intruder detection system for an undisclosed strategic waterside installation in the Middle East. The previously unannounced contract was awarded to Sonardyne in late 2011 and included the deployment of a network of the company’s Sentinel underwater sonars…
Dutch Ship Designers Get Unusual Malaysian Contract
Groot Ship Design's wins contract for two types of special livestock carrying ships from Malaysian company PBHH (Pembangunan Buka Jijau Holdings Sdn. The contract is for the design and delivery of two types of livestock carriers. Of each type the Korean shipyard, Sundong will build 5 vessels for PBHH/BH Livestock. Sungdong requested Groot Ship Design to deliver the design for each type because of its…
Siemens to Provide Propulsion Systems for Maersk E-class
Siemens Drive Technologies Division has been awarded a contract worth tens of millions of Euros from Daewoo Shipbuilding and Marine Engineering (DSME) to implement…
