DSME Stock Up on Sale Talk
Reuters is reporting that shares in Daewoo Shipbuilding and Marine Engineering Co rose more than 3.5 percent after a local newspaper reported the shipbuilder could be sold this year.
Tanker Market Outlook 2008 – 2012
McQuilling Services has released its January 2008 Tanker Market Outlook for the period 2008 through 2012. The report, produced each year in January, presents a forecast for 10 trades in the five major tanker sectors through 2012. Six dirty trades and four clean trades are evaluated and discussed. Since a year ago the world economic outlook has changed significantly in the short term. Growth is expected to slow from 5.2% in 2007 to 4.8% in 2008.
Engineering Development Program Launched
As part of Crowley's overall commitment to recruiting, training and retaining a talented workforce, the company last year began a port engineer's development program to provide additional career growth to individuals choosing to make their career in the maritime industry. Crowley is confident that the program will address the shortage and need for specialized skills in port engineering and shoreside…
DDG 1000: The Transformation Begins
“It isn’t everyday we get to sign a contract to begin construction of a lead ship, but on Feb. 14, we met in my office and did exactly that, twice! Not one but two lead DDG 1000 ships will now begin construction,” said Rear Adm. Vic Guillory, the director for Surface Warfare. Two identical lead ships will be built by Bath Iron Works (General Dynamics) and Ingalls (Northrop Grumman). Bath Iron Works will build DDG 1000 and Ingalls will build DDG 1001.
Globalization Keeps Future Bright for Shipping
The economic storm signals are all around us: the wild swings in stock markets globally, the contraction of credit availability worldwide and the frequent use of the dreaded “R” word.
Jotun Sets Sales Record in '07
Jotun reported that high levels of activity worldwide in shipbuilding, oil and gas projects and a highly active construction industry in the Middle East made 2007 the company’s best year ever.
Carnival Uses Intersleek 900
International Paint completed a hull coating project on Carnival Cruise Line’s Carnival Victory. The seven-year-old Italian-built vessel, one of a fleet of 23 passenger liners, was coated with Intersleek 900 during a recent drydocking in the Grand Bahamas Shipyard in Freeport, Grand Bahama, in late 2007. Carnival Valor is was due to be coated with Intersleek 900 in early 2008. Intersleek 900 was chosen…
Hull Coating to Cut Maintenance Costs
Xiom's "stay-clean" coating for both steel and fiberglass boat bottoms significantly reduces maintenance costs and fuel consumption caused by marine growth. The…
The COFRs are Coming
On February 5, the US Coast Guard promulgated its long-awaited proposal for updating the Certificate of Financial Responsibility (COFR) program. Owners and operators of vessels over 300 gross tons operating in United States waters have been required to provide evidence of financial responsibility to respond to oil spills from their vessels since 1972. The program was significantly broadened with enactment of the Oil Pollution Act of 1990 (OPA 90)…
South Boats Launches Wind Farm SV
South Boats Special Projects Ltd. commissioned another Offshore Wind Farm Service Vessel for Offshore Wind Power Marine Services Ltd. of Conwy, North Wales for a long term contract with Dong Energy on Gunfleet Sands Offshore Wind Farm. 'Offshore Progress' is a first of class South Catamaran 47/15m Alloy Wind Farm Service Vessel and measures 15.7m length overall, 6.3m beam overall, has a draft of 0.9m and has a lightship displacement (including fluids) of 23.5 tons.
Exxon Valdez: March 24, 1989
On March 24, 1989, the tanker Exxon Valdez grounded on Bligh Reef in Prince William Sound, Alaska. The resultant spill of 11 million gallons of crude oil was not…
California: BW Treatment Research
The California State Lands Commission (CSLC) will conduct a business meeting in Sacramento on March 25. Among the items on the calendar is a request for authority…
Sporadic US Port Calls Not Basis for Personal Jurisdiction
Improving Weather Conditions may Vitiate Marine Peril
In an unpublished opinion, the US Court of Appeals for the Eleventh Circuit ruled that a vessel that has survived a hurricane without damage is not in a situation…
USCG Medvacs Four from Barge
The Coast Guard medevaced four men from a barge approximately 65 miles south of Sabine Pass, Texas, today. A watchstander at Coast Guard Sector Houston-Galveston received a call at 10:43 a.m.
Public Meeting Re: Tongass Narrows
The Coast Guard urges all interested parties to attend a meeting at 1 pm on April 7, 2008 to review and improve the Tongass Narrows Voluntary Waterway Guide. The…
Tanker Conversion in China for Dockwise
vessel will start. renewal of the entire midship section after removing the original cargo section. year. section. will join the fleet during 2008.
NG to Outfit Amphibious Assault Ship
Northrop Grumman Corporation's Sperry Marine business unit has been selected to supply the Machinery Control System (MCS) for LHA 6, the first of a new generation…
Singapore MSC Office Changes Leadership
Military Sealift Command's Singapore-based Sealift Logistics Command Far East changed leadership as Navy Capt. Jim Romano relieved Navy Capt. Susan Dunlap. The change of command ceremony…
Welch New CEO of Drydocks World
Dry Docks World announced that Denis Welch has been appointed CEO of Drydocks World South East Asia and will be based in their Singapore Office. Following the recent…
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