Orest Sychenikov, First Head of Novorossiysk Shipping Company, Passed Away
It is with great sadness that the Sovcomflot management and team must announce a monumental loss to the Russian shipping community. On 9 October 2017, Orest Sychenikov…
Maritime Moves 95% of UK's Global Trade
The Maritime sector makes a substantive macroeconomic contribution to the UK through turnover, Gross Value Added (GVA), employment and through the compensation of employees.…
Diana Shipping Sells Panamax Dry Bulk Vessel
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that it has signed, through a separate wholly-owned subsidiary…
JNPT's Cargo Traffic Grows by 6.26%
The Jawaharlal Nehru Port Trust (JNPT), India's largest container port, further improved its performance in the first six months of the current financial year by…
TOTE's Productivity Increases at Port of San Juan
TOTE Maritime continues to see an increase in overall productivity at the Port of San Juan as more and more containers leave the terminal for communities around Puerto Rico.
Market Snapshot: Offshore Outlook
Notwithstanding the recent surge in crude oil prices, it isn’t lost on anyone that the offshore oil exploration business is, and has been for some time, in the doldrums. In the U.S. Gulf, that pain can be seen through Chapter 11 filings and the sobering specter of vessel after vessel rolling off the shipyard ways and directly into cold iron layup. And, it doesn’t help that the shore-based shale drillers have not only found a way to drastically reduce their operating expenses…
Can Employers Ask About Prescription Drug Use?
On the waterfront, it all depends. It is well established that workplace safety and productivity can be compromised, not just by the use of illicit substances and alcohol, but also by the use of prescription drugs. Federal law, however, imposes limits on employer inquiries in this area both with respect to the affected job classifications and the scope of the inquiry. Generally, an employer may not…
FLNG Hilli Episeyo Departs Singapore Early
Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12.
Patrol Vessels Delivered to Bangladesh Coast Guard
Two Minerva class corvettes decommissioned by the Italian Navy have been delivered to the Bangladesh Coast Guard (BCG) following upgrade and conversion at the Fincantieri shipyard in Muggiano, La Spezia. Urania and Danaide, renamed Karamuzzaman and Mansoor Ali, are the final two units part of the supply contract of four offshore patrol vessels (OPV), to the BCG, which have been retired from the national fleet in March 2016.
US Forecaster Sees 55-65% Chance of La Niña
A U.S. government weather forecaster said on Thursday conditions were favoring La Niña weather pattern during the Northern Hemisphere fall and winter 2017-18. The Climate Prediction Center (CPC)…
SCF's New Icebreaker Named Fedor Ushakov
Russia’s PAO Sovcomflot (SCF Group) currently operates 10 vessels that serve the Sakhalin-2 project, including three oil tankers, two liquefied natural gas (LNG) carriers and five icebreaking supply and standby vessels. Its latest addition to this specialized fleet, a newly built multifunctional icebreaking standby vessel (IBSBV), was formally named Fedor Ushakov at a ceremony on October 11. The vessel…
Alfa Laval Introduces PureBallast 3.1 Compact Flex
Now in its third generation, the newest Alfa Laval PureBallast ballast water treatment system has been engineered to minimize footprint and installation costs. Alfa Laval PureBallast 3.1 Compact Flex is the latest addition to the PureBallast family of systems. Based on loose components, it is the answer to space and flexibility needs. Available for flows of 32–1,000 m3/h, it packs the leading ballast…
GMG Acquires Fugro’s Trenching, Cable Laying Business
Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction, valued at approximately $73 million. GMG is a supplier of subsea cable installation and maintenance services in the telecoms, offshore renewables, power and oil and gas market segments.
