Cosco Profits Boosted by Low Fuel Prices
China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.
Young to Head New Zealand Shipping Federation
The New Zealand Shipping Federation (NZSF) said it has appointed Annabel Young as its new executive director. It said Ms Young was a National Party list MP from…
Seabourn Names New Cruise Ships
Seabourn Encore and Seabourn Ovation will be the names of new ships joining the fleet of luxury cruise line Seabourn in late 2016 and spring 2018. Both are part of the line's Odyssey class…
'World's First Hybrid Superyacht'
Developed by Dutch shipbuilders Feadship, the 83.5m Savannah is touted as the world's first hybrid super yacht. Vessel is 30% more fuel efficient than similar sized counterparts, claims the company.
Matson Announces Quarterly Dividend
Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015…
Maintenance Woes Led to Digby Ferry Grounding
Maintenance deficiencies and lack of adequate emergency procedures led to the November 7, 2013 loss of electrical power and grounding of the passenger ferry Princess of Acadia in Digby…
Hogan Named VP at Newport News Shipbuilding
Rob Hogan has been appointed vice president of manufacturing at the Newport News Shipbuilding division of Huntington Ingalls Industries (HII), the company announced. Hogan began his career in 1976 as a welder. Since then, he has held leadership positions at all levels of production and construction. Most recently, he served as director of manufacturing for steel fabrication. Hogan is a graduate of…
Tero Marine Names Staubo VP of Sales
Erik Sarmento Staubo has been promoted to vice president of sales at Norwegian software company Tero Marine, assuming the role from February 1. Staubo has for the last 1.5 years filled the position of regional director in Tero Marine, based at the company’s Oslo office. He will now share his time between the offices in Bergen and Oslo, overseeing that the company meets its goals for the next years: Increase the market share not only in Norway…
BCG Delivers Training Upgrades
Buffalo Computer Graphics delivered upgrades to Columbia Pacific Maritime in Portland and The River School in Memphis,. The River School ordered additional laptop computers preloaded with BCG’s simulation software to assist with training courses. The laptop will be used in conjunction with BCG’s PCS-250 Portable Radar Simulator and four Furuno Radars for portable radar training.
Kirby Reports Record Earnings
Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.3 million, $1.13 per share. Consolidated revenues for the 2014 Q4 increased 18% to $668.3 million compared with $568.4 million for Q4 2013. Kirby also reported record net earnings for the 2014 year of $282 million…
Wärtsilä to Power LNG-fueled RoPax Ferry
A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system, as well as comprehensive project services. It will be the first Swedish flagged LNG powered passenger vessel and the first LNG-fuelled high speed RoPax ferry in the world. The vessel will be built at the Guangzhou Shipyard International (GSI) yard in China and when delivered…
First Container for LNG Hybrid Barge
The HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container with LNG fuel has arrived in the Hanseatic City. The barge works like a floating power plant and uses LNG to supply environmentally-friendly energy to cruise ships. Compared to conventional marine diesel with 0.1% sulfur content, sulfur dioxides and soot are no longer emitted.
IntelliJet: Cleantech Propulsion for High Speed Applicatios
IntelliJet Marine, Inc. will present a paper on propulsion and computer simulation for sustainable high speed boats and ships at ASNE Day 2015. Jeff Jordan of IntelliJet Marine will present a paper on propulsion and computer simulation for sustainable high speed boats and ships at the American Society of Naval Engineers’ ASNE Day 2015 on March 5, 2015 in Arlington, Va. According to IntelliJet, the military prefers jet boats but struggles with their fuel efficiency.
Safeguarding Maritime Power Connections
KIRK interlocking products provide safe electrical access during cold ironing, ensuring that ship power cables are properly coupled to shore power junction boxes before energizing. Trapped key access interlocks and key exchange units ensure that users follow a predetermined sequence of operation when connecting to land based power while in port. In a typical shore power interlocking scheme, a ship’s AMP cable reel is fitted with Kirk’s type DM latch bolts on the shore power plug.
Australia Bolsters SAR in Indian Ocean Region
The Australian Maritime Safety Authority (AMSA) said it has commenced its Search and Rescue (SAR) Capability Partnership Program this week with counterpart agencies in Sri Lanka…
NOAA Satellites Help Rescue 240 People Last Year
Last year, 240 people were saved from potentially life-threatening situations throughout the United States and its surrounding waters with help from NOAA’s fleet of weather satellites. In addition to their role in weather forecasting, NOAA’s polar-orbiting and geostationary satellites can detect distress signals from emergency beacons carried by downed pilots, shipwrecked boaters and stranded hikers.
Baltic Sea Freight Index Falls to Lowest Level Since 1986
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three…
Bill Proposed to Repay WWII Merchant Mariners
Congresswoman Janice Hahn (Calif.) and Congressman John Duncan Jr. (Tenn.) introduced the “Honoring Our WWII Merchant Mariners Act of 2015,” which would provide…
Navigational Charts App Debuts at Ocean Business
An independent consultancy and software development company will launch a new web and PC based navigational charting app at Ocean Business 2015. Norcom Technology Limited said its eChart software combines up to date information from different sources including wreck, cable, tide and geographical data for navigational charts, making it suited for use by companies carrying out desktop studies prior to installation of offshore structures, cables, pipelines and vessel monitoring.
Ferus Smit to Launch Newbuild for Symphony Shipping
Ferus Smit announced it will launch Newbuuld 417 on Saturday, February 21 in Leer. Newbuild 417, a multipurpose vessel to be christened Nordana Sky, is the first vessel in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company Nordana and sail in her fleet after delivery. Nordana Sky is the first vessel of Ferus Smit’s new ecobox design, which…