Lasco Shipping Co.’s Chief Executive Officer Kenneth M. Novack announced that Steven T. Ho has joined the Lasco Board of Directors. Ho, President of Fairmont Shipping (Canada) Limited, headquartered in Vancouver, B.C., Canada, joins George Wood and Anthony Gurnee as outside directors of Lasco. “We’re extremely pleased that Steven Ho has joined our Board,” commented Novack, calling attention to Ho’s over twenty-five years of global shipping experience, including senior management positions in New York, Tokyo and Hong Kong. Over the years Ho has been involved in many aspects of shipping, from sales to brokering, technical management to operations, project development to financial management. Novack went on to note that Ho’s background in privately owned shipping companies engaged in world-wide ocean transport brings additional expertise and depth to the Lasco board as Lasco continues to strategically position itself in the twenty-first century global market-place. This announcement is seen as the latest in a series of initiatives this past year by Lasco to strengthen its core management and Board, to strengthen its commercial flexibility through selective alliances and pool arrangements, and to renew its fleet through an active newbuilding program.
Seacor Holdings Inc. (SEACOR) announced that it has executed an agreement with Hyundai Heavy Industries Co., Ltd. (HHI), through a subsidiary of SEACOR Ocean Transport Inc., for the construction of two Liquefied Petroleum Gas tankers (Very Large Gas Carriers, otherwise known as VLGCs) with expected deliveries in 2014 with an option to purchase up to three additional VLGCs with delivery in 2015. These vessels will be equipped to meet current and expected environmental and
Waller Marine, Inc of Houston, Texas will soon launch and christen what will become the world’s largest floating power generation facility when installed at a designated site in Venezuela. The two power barges, which Waller has under construction at the Signal International Shipyard in Orange, Texas, will be transferred from their land based construction locations to the water during the next few days and christened by Venezuelan dignitaries at a ceremony at the shipyard on August 21
Qatar Navigation (Milaha) Q.S.C. announce its financial results for the first half of 2012, ending June 30th. Summary financial results are as follows: • Operating revenues of QR 1.164 billion vs. QR 1.159 billion for the same period in 2011, an increase of 0.4% year over year. • Operating Profit of QR 320 million vs. QR 300 million for the same period in 2011, an increase of 6.6% year over year.
Søren Skou, CEO of container shipping giant Maersk Line is keynote speaker at the 4th Cool Logistics Global conference, 24-26 September in Antwerp, Belgium. Mr. Skou will outline Maersk’s position on the critical actions now needed to sustain the future of global refrigerated transport. Over the past decade and more, expansion of refrigerated container ocean services has underpinned growing world trade in an ever-widening range of perishable commodities
The first installment of a new and historic partnership between the Department of Defense and National Aeronautics and Space Administration begins as the amphibious transport dock 'USS Arlington' (LPD 24) conducts a stationary recovery test of the Orion crew module while berthed at Pier 12, Naval Station Norfolk. During this test, a waterborne Orion crew module (a 16-foot, four-personnel upgrade of the Apollo capsule, which was half the size and carried a crew of three)
The first 53-foot ocean-capable containers from shipping leader APL have rolled off the assembly line and were loaded onto the vessel APL Philippines for their initial voyage across the Pacific. Major retailers have snapped up the containers to take advantage of “big-box economics” on the Transpacific Trade from Asia to the U.S. “We took the first order of 53-foot containers from our manufacturer in China and immediately put them to work,” said Bob Sappio
John H. Colle, Jr., President of Colle Towing Company, Inc., Pascagoula, Miss., announced that Signet Maritime Corporation has awarded a new-build contract to Colle Shipyard for construction of Signet Weatherly, a Robert Allan designed RAmparts 3200 105-ft x 38-ft by 17.7-ft ASD tug. The vessel will be built and classed to ABS Maltese Cross, AMS, Ocean Towing Service standards. She will be employed in Signet’s expanding US Gulf and overseas harbor
Dockwise Ltd. Board of Directors approved of the commissioning of a newbuild vessel to serve the emerging demand for ocean transports with capacity of above 100,000 metric tons, and the notice of the same date for a special general meeting (SGM) to authorize the proposed rights issue to part-finance the investment. The SGM of the company was held on Nov. 23 in Amsterdam, the Netherlands, and all items were resolved in accordance with the Board of Directors' proposals as set out in
Reduced volumes of high and heavy cargo and seasonally lower demand for maritime services negatively affected Wilh. Wilhelmsen Holding ASA (WWH) total income and result in the third quarter of 2013. Current activity level for group entities is expected to continue. Operating profit for the third quarter of 2013 was USD 96 million (USD 260 million) based on a total income of USD 873 million (USD 1 075 million). Income and results for the third quarter of 2012 were positively impacted by a
A new research collaboration between A*STAR’s IHPC, Sembcorp Marine Ltd, University of Glasgow and UGS aims to make a ship’s voyage more smooth sailing by improving its hydrodynamics and energy efficiency. The four organizations today signed a memorandum of understanding
A container carrying the twenty-four foot Brazilian built ocean rowboat, Spirit of Malabo, left the Port of Cap Haitian on Saturday en-route to Port Everglades Terminals (PET) in Florida aboard Antillean Marine Shipping Corporation vessel RUMBA.
DB Schenker Logistics and Maersk Line have signed a six-year strategic agreement on reducing CO2 emissions from ocean freight. The partnership emphasizes the companies' shared commitment to sustainable growth, says a press release by DB Schenker.
International freight volumes will grow fourfold by 2050 while the average length of haul will increase by 12 percent over that time, trends that will cause a spike in global carbon emissions unless corrective action is taken. An Organisation for Economic Cooperation and Development (OECD) sector
Several of Ocean Rig UDW Inc. subsidiaries have entered into an omnibus agreement with ENI Angola S.p.A pursuant to which ENI has exercised its option to extend the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017.
The massive 19,100-TEU containership CSCL Globe has arrived in Hamburg on its maiden voyage; growth in China trade continues The Port of Hamburg will handle a 19,100-TEU vessel for the first time, as CSCL Globe, currently the world’s largest containership operating in a liner service
Fidelis Group launches ocean cargo division; Doug Fischer and Crystal Prout named managing directors Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. announced the formation of its new ocean cargo division.
Port of Indiana-Burns Harbor records 2014 as highest shipment year in its 44-year history The Port of Indiana-Burns Harbor handled more shipments in 2014 than any year since the port opened in 1970. Total tonnage was up 30 percent over 2013 driven by strong shipments of steel
Students in grades K-12 are invited to participate in a North American art contest sponsored by the North American Marine Environment Protection Association (NAMEPA), the U.S. Coast Guard, and Sea Research Foundation. The theme of the contest is “Discover the Marine Industry.”
The EU’s TEN-T Program will invest almost €600,000 in a study for the promotion of LNG use in Greek maritime transport. The greener and cheaper LNG could contribute to reducing transport emissions and fuel supply costs in the Aegean Sea, INEA
As part of promoting water transport in the country, the Indian government has set an ambitious target to convert 101 rivers across the nation into waterways. The Minister for Road Transport, Highways and Shipping Nitin Gadkari said that promoting waterways is the top-most priority of the
The California Air Resources Board has fined four shipping companies a combined $146,719 for failing to switch from dirty diesel “bunker” fuel to cleaner, low-sulfur marine distillate fuel upon entering Regulated California Waters – within 24 nautical miles of the
The MPHRP highlights the hardship inflicted upon seafarers and families. Responding to recent reports on current levels of international maritime piracy, the Maritime Piracy Humanitarian Response Program (MPHRP) noted the trend that they appear to avoid the word "piracy" in
After concluding two 3,500HP tug sales on December 30, Marcon International Inc. has started 2015 with three ocean barge sales, and hopes to report on several additional sales before the end of this month. Five 4,500-6,000HP tugs, one 5,150BHP AHTS and two 3,200 – 5
CEVA Logistics, one of the world's leading supply chain management companies, has expanded its market presence in Chicago with the opening of a fourth facility. The company's Chicago operations near O'Hare International Airport (ORD) now encompass four facilities totaling over 650,000 sq