As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.S. Maritime Trade -- are gaining steam. A new report from the Government Accounting Office (GAO) will surely add fuel to the "export oil" fire now, as GAO reports that U.S. consumers could save on gasoline if the ban on crude oil exports were lifted, even if such a move creates uncertain environmental risks. Allowing more domestic fuel to reach the global energy market would probably boost the national economy and ease the U.S. trade deficit, but other implications are less clear, the GAO said. Many analysts predict that erasing the export ban would boost global fuel supplies by millions of barrels of crude oil daily and that consumers would benefit, said the report. "Removing crude oil export restrictions is likely to increase domestic crude oil prices but decrease consumer fuel prices," the report says. (Staff & Reuters)
Research and Markets has added "Ship Building & Repair (Asia)" report to their offering. The new report includes an analysis of the top 1000 companies in the field, including Daewoo Shipbuilding & Marine Engineering, Daehan Shipbuilding, Ihi Marine United. This report provides a detailed overview of the Ship Building & Repair (Asia) market and delivers a comprehensive individual analysis on the top 1000 companies
Intergraph Corporation announced the newest version of its advanced IntelliShip(r) software for shipbuilding. The 6.0 version of IntelliShip provides new capabilities and enhancements in ship molded form design, manufacturing planning, structural manufacturing and drawings along with improved performance in these respective areas. The IntelliShip 6.0 release, available now, represents Intergraph's continued commitment shared with clients and
New report indicates Increased activity in the Russian Arctic requires better cooperation between Russian & Norwegian ports The report “Development of marine Russian-Norwegian trade facilities in Northern Norway” has studied the development potential for the main ports of northern Norway. The report is written by Norwegian Akvaplan Niva and the St. Petersburg company Gecon, with support from the Norwegian Barents Secretariat and Maritime Forum
Jeppesen has launched updated versions of its Voyage and Vessel Optimization Solution (VVOS) and FleetManager software. VVOS Version 2.3 voyage optimization product is enhanced by incorporating Emission Control Area (ECA) boundaries and adding restricted RPM zones. FleetManager Version 1.4, a shoreside fleet management product, also features improved performance analysis and reporting tools. Jeppesen FleetManager 1
Chevron Corporation announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives. "Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders," said John Watson
The United States ranks second in world maritime container traffic with one in nine maritime containers in the world either bound for or coming from the United States, according to “America’s Container Ports: Delivering the Goods,” a new report from the Bureau of Transportation Statistics (BTS). BTS, a part of the U.S. Department of Transportation’s Research and Innovative Technology Administration, reported that U.S
Most Ships entering U.S. ports will have to provide 96-hour advance notice of arrival (NOA) to the U.S. coast Guard along with crew, passenger, and cargo information under new rules that went into effect October 4. A 24-hour advance notice has been the requirement for ships calling at U.S. ports. As a result of the September 11 tragedy, ships have been directed by U.S. Coast Guard order to provide advance notice plus detailed information about crews, passengers and cargoes.
Douglas-Westwood Forecast €51 billion Offshore Wind Spend Over €51 billion is expected to be spent on new offshore wind installations over the next five years, according to a new report by international energy business advisors Douglas-Westwood. The World Offshore Wind Market Forecast 2012-2016 reveals that the world will see new installed capacity amounting to 15 GW over the period
The Department for Transport (DofT) must become a keener advocate for UK ports, urges the Transport Committee, in a new report looking at policy for improving road and rail access to ports. Launching the report, Louise Ellman, Chair of Transport Committee, said: “The Department has brought forward a new high-level strategy on ports, but ministers must now provide more detail about how it will be implemented to prioritise the removal of constraints to port development caused by
Moving from a regime of scheduled rule-based maintenance to a data-driven risk-based regime can lead to more accurate and timely maintenance resulting in increased safety, lower costs and greater availability of ship systems. A new report “Beyond condition monitoring in the maritime
A new report, Masterplans for the development of existing ports, has been published today by PIANC. The report was prepared by an international Working Group (WG 158) established 2012 and chaired by Stephen Cork, Technical Director at HR Wallingford.
IEA report sees energy efficiency finance becoming established market segment in its own right ... $310B & Growing Rapidly The global energy efficiency market is worth at least $310 billion a year and growing, according to a new report from the International Energy Agency that
President Barack Obama appointed a former White House adviser as U.S. Ebola "czar" on Friday as the global death toll from the disease that has hit mostly three West African countries rose to more than 4,500. Amid growing concerns about the spread of the virus in the United States
The ITF (International Transport Workers’ Federation) and its affiliated unions are launching a week of action today from ports on the Black Sea to combat what an updated report from the organisation finds are still shocking levels of crew abuse and unseaworthy vessels there.
The International Transport Federation (ITF) informs that its multinational week of action with maritime unions in ports around the Black Sea has brought results, and the Federation has challenged conditions for seafarers working on what it has called the "Sea of Shame".
How has the seafarer supply changed in relation to the wider changes in the size of the world merchant fleet? Drewry's latest Manning report tackles the question, and also provides forecasts up to 2018 in a new publication on sale now. Contents
A new report now ranks the Australian cruise industry number one in the world for market growth and penetration, with latest industry figures revealing a record 833,348 Australians took a cruise last year. Launched in Sydney, the 2013 Cruise Industry Source Market Report shows Australian cruise
If no further action is taken and global temperature increases by 3.5°C, climate damages in the EU could amount to at least $260 billion (€190 billion), a net welfare loss of 1.8% of its current GDP. Several weather-related extremes could roughly double their average frequency
Held at the historic Fischauktionshalle Halle, in Hamburg, Germany, DNV GL says that the event celebrated the 150th anniversary of the foundation of Det Norske Veritas (DNV) and the first year of operation of the newly formed DNV GL Group.
Some 650 dignitaries, customers and industry stakeholders joined DNV GL, ship classification society and risk and sustainability service provider, for a night in Hamburg. Held at the Fischauktionshalle Halle, the event celebrated the 150th anniversary of the foundation of Det Norske Veritas and
Modern weather routing techniques have made facing heavy weather considerably less hazardous for the modern mariner than for his forbears. However such techniques are not a panacea and a new report from The Swedish Club published today, Heavy Weather
The full economic impact of the U.K. marine industry and spend associated with boating participation was estimated to total £6.2 billion in 2012/13, according to a new report released by the British Marine Federation (BMF). Latest industry trends results also announced by the BMF show
The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published today by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.3bn of trade with the region is put at risk by being moved through the high maritime crime
As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways.