Damen Shipyards Among Top Three Green Firms
De Telegraaf, the largest newspaper in the Netherlands, placed Damen Shipyards with other winners, Moonen Packaging and Conscious Hotels among the top 3 greenest companies in the Netherlands. The jury honoured Damen’s first hybrid tug with the term “Dutch pride”. After the event, De Telegraaf’s port specialist Mr Theo Jongedijk visited the Tugboat department at Damen’s HQ in Gorinchem; there, he handed the prize, a ‘Green T’, over to Mr Coen Boudesteijn, Product Director Tugs.
MARAD Grant Small Shipbuilders Funding Support
The U.S. Department of Transportation’s Maritime Administration (MARAD) announce US$9.46-million to help improve 12 shipyards in 10 states. The grants, provided…
Star Bulk Rights Offering Enables Newbuilding Orders
Star Bulk Carriers Corp. announce successful completion of their previously announced $75 million backstopped equity rights offering and concurrent private placement. Due to the level of participation by existing shareholders, back stop providers were issued the minimum amounts under their purchase commitments and the total gross proceeds of this capital raising transaction increased to approximately $80.1 million.
FSL Trust Keeping Afloat: Q2 2103 Revenue US$21.3-Million
FSL Trust, in its second quarter of 2013 financial report ending 30, June 2013, records a drop in revenue & a higher loss due mainly to default in lease payments for 2 crude oil tankers.
Rolls-Royce Marine H1 2013 Strong Revenue Increase
Revenue increased by 16%, reflecting OE volume from improvement in the Offshore sector, services growth in Offshore and Naval and foreign exchange benefits. However profit decreased by 8% due to adverse revenue mix, pricing pressures and warranty charges, partially offset by cost reduction and favourable foreign exchange. The order book increased 10% including an order intake of £1.7bn (£2.2bn in H1 2012).
Inmarsat Alphasat Satellite Launch Successfrul
Inmarsat provider of global mobile satellite communications services, confirms the successful launch of Alphasat, the largest satellite, designated I-4A F4. Alphasat was launched on an Ariane 5 ECA, the latest version of the Ariane 5 launcher, from the Guiana Space Centre in Kourou, French Guiana at 20.54hrs BST on 25th July (16.54hrs Kourou local time). Arianespace confirmed a successful spacecraft…
ABS Consulting Awarded Government BPA
ABSG Consulting Inc. selected for the GSA Performance Management and Continuous Process Improvement (PM/CPI) Blanket Purchase Agreement (BPA). The government-wide…
Transocean Notify Q2 2013 Results, Teleconference
Transocean Ltd. announces Second Quarter 2013 earnings release date and conference call information . The company will report earnings for the three months ended June 30…
Security Experts Confer on West Africa Maritime Security
More than 60 participants from the 20 coastal Member States of the Port Management Association of West and Central Africa (PMAWCA) joined international experts…
Gulf Island Fabrication Q2 2013 Profit Slip
Gulf Island Fabrication, Inc., based in Houma, Louisiana, reported net income of $4.3 million ($.30 diluted EPS) on revenue of $154.6 million for its second quarter ended June 30…
New OOCL Mega-Container Ship Chartered Out
The new 13,208 TEU container ship commissioned by OOCL from has been christened 'NYK Hermes' at Samsung's Geoje, South Korea, shipyard. The new ship is the sixth…
Naval Architects Vote NYK Coal Carrier 'Ship of the Year'
'Soyo', an NYK-owned coal carrier, has been selected as the 2012 "Ship of the Year" by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE). JASNAOE’s “Ship of the Year” award has been presented every year since 1990 to a Japan-built vessel that the society considers to be the most technically advanced, well-designed, and socially conscious. Soyo was honored for its innovative air-lubrication system and its proven impact on CO2 reduction.
GofM Rig Incident: BSEE Permission Sought to Drill Relief Well
Latest news is that the flow of natural gas under pressure has stopped and BSEE informs that work continues to secure the well, and all options are being considered for the most efficient and safe path forward. The gas flow was feeding the rig fire, which has decreased to a small flame. The rig and natural gas well are located 55 miles offshore Louisiana in a water depth of 154 feet. Owners of the rig…
Seminar Helps Strengthen Security in West/Central Africa
More than 60 participants from the 20 coastal Member States[i] of the Port Management Association of West and Central Africa (PMAWCA) joined international experts…
New Director of Center for Maritime Policy and Strategy
Capt. Richard W. Sanders, Ph.D., a member of the Permanent Commissioned Teaching Staff at the U.S. Coast Guard Academy and professor of chemistry, has been named…
Northrop Grumman to Supply Steering for USN Destroyers
Northrop Grumman Corporation has been awarded contracts totaling $14.4 million by prime contractors General Dynamics Bath Iron Works and Huntington Ingalls Industries…
Today in U.S. Naval History: July 25
Today in U.S. 1863 - U.S. Squadron bombards Fort Wagner, N.C. 1866 - Rank of Admiral created. David G. Farragut is appointed the first Admiral in the U.S. 1898 - Landing party from armed yacht Gloucester occupies Guanica, Puerto Rico. 1912 - First specifications for naval aircraft published. 1934 - First President to visit Hawaii, Franklin D. 1941 - Bureau of Ordnance issues first Navy "E"certificates (for excellence) for industry.
Bestobell and W&O Enter Distribution Deal
Bestobell Valves, part of the President Engineering Group (PEGL), has named W&O Supply, a global supplier of marine pipe, valves and fittings, valve automation, and engineered solutions to the marine and upstream oil and gas industries, as its exclusive distributor for Bestobell Valves in North America. Through this partnership, Bestobell Valves, headquartered in the United Kingdom, and W&O, headquartered in Jacksonville…
American Maritime Industry Praises Obama, Foxx for Port Visit
The American maritime industry today praised President Barack Obama and Transportation Secretary Anthony Foxx for visiting the Port of Jacksonville, Florida to talk about jobs and economic growth.
High Wheat Yields Boost Brunswick Exports
A bumper crop of wheat has led to a booming export business at the Port of Brunswick, with the first export vessel of the season departing today. “This is going to be a banner year, in the range of 90,000- to 100,000-tons of wheat moved across our docks at Colonel’s Island Terminal,” said Georgia Ports Authority Executive Director Curtis Foltz. According to the U.S. Department of Agriculture, farmland dedicated to wheat production in Georgia grew from 230…