"We Need to Talk About the Jones Act ..."
This is an open letter to the offshore oil and gas industry operating on the outer continental shelf. We need to talk about the Jones Act and the other cabotage laws that require you to use U.S.-flag vessels to transport cargo and people from one part of to another. You already know that, as the association that represents the owners and operators of flag workboats, we are willing to fight to protect the Jones Act.
Uncle Sam Unveils Two New Economic Incentives
Two significant new financial management tools were recently unveiled by the Federal government in one highly visible piece of legislation, and each can significantly change the way that you do business. Both have the promise to stimulate business growth while adding to a company’s bottom line. Each has both friends and foes in the commercial marine industry. The Economic Stimulus Act of 2008 was signed into law on February 13, 2008.
Coral Sea: A Good Engineer Knows His Ship
There is an old account of a Chief Engineer, frustrated with his captain’s gold braid and superior attitude, exclaimed, “Look, with out me and my engine this ship won’t go from port to port. In fact that man had a point and in times past it was not uncommon for an engineer to stay with a ship as it went through various owners. If the Permex Canning company of , ever decided to sell their 167-ft. reefer…
Strike Blocks Tankers in France
A rolling strike on blocked 14 oil tankers from entering France's biggest oil port of Fos-Lavera, part of the state-run French port of Marseille, according to a Reuters report.
A Conversation with Tony Trapp
The Engineering Business (EB), a specialist design, engineering and construction company based in the , has thrived with the recent expansion in offshore oil & gas projects globally, dubbed one of the fasted growing companies in northeast . It was recently announced that the company was acquired by IHC Merwede. MarineNews recently caught up with Dr. Tony Trapp, EB’s Managing Director. EB was founded in April 1997 by a four-man team of engineers led by managing director, Dr. Tony Trapp.
Subsea Searching Efficiently, Cost Effectively
The international subsea technology community often laments the need for qualified workers and interested youth to fuel the industry’s bright future prospects. Those…
Keppel Unit Wins Contracts Worth $155.6m
Keppel Corp. said Keppel Singmarine Pte Ltd. has won two shipbuilding contracts worth $155.6m, Thompson Financial reported. Keppel Singmarine will build a derrick…
Coast Guard to Hold In-Commission Special for National Security Cutter
The Coast Guard will hold a ceremony on May 8, 2008 at 1:00 pm in , to acknowledge preliminary acceptance (delivery) and "In-Commission Special" status of its first National Security Cutter…
ECNAV Names New Guided-Missile Destroyer USS Michael Murphy
By Mass Communication Specialist 2nd Class (AW) Kevin S. Secretary of the Navy, Donald C. Winter announced on May 7 at a ceremony in , the name of the newest Arleigh Burke-class guided-missile destroyer will be USS Michael Murphy. Designated as DDG 112, the name honors Lt. Michael Murphy who was posthumously awarded the Medal of Honor for his heroic actions during Operation Red Wing, in on June 28, 2005.
Lee Joins SSY Capital
Simon Lee has joined SSY Capital LLC. He has taken the position of Vice President in the office, where he is primarily responsible for the origination, syndication and execution efforts in ..
ST Engineering's 1Q Profits Rise
Singapore Technologies Engineering said that the company's profits rose 13 percent in the first quarter, thanks to higher profits from aerospace and defense work…
Center Praised for Helping Industry
The man at the helm of the biggest shipbuilding company has praised a North-East marine design facility for its efforts to tackle a skills issue that threatens to subdue the region's thriving sector…
Hempel to Stop Paint Production in Denmark
Pierre-Yves Jullien, CEO of the Hempel Group, comments, “I’m sorry that stopping production at our Lyngby plant will affect so many of our valued colleagues, but…
Northrop Grumman to Support Roll-Out of NATO MCCIS
Northrop Grumman has been selected by the NATO C3 Agency (NC3A) to provide hardware and software support services for the roll-out of the Maritime Command and Control…
EC Closes Deep-Sea Parcel Tanker Investigation
"We are pleased that the European Commission has closed its investigation and that they will not impose any penalties on the Company," said Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen S.A.
VPIRB: New Marine Lifesaving Device
Mobilarm of Australia launched a new commercial marine product -- Mobilarm V100 VPIRB (VHF Position Indicating Radio Beacon, at the Offshore Technology Conference in Houston. The VPIRB is designed to provide commercial mariners with a faster, more efficient man overboard (MOB) rescue system than traditional personal EPIRB devices. The Mobilarm V100 is a fully automated, position indicating radio beacon…
Wärtsilä and Emerson Announce Expansion
Wärtsilä and Emerson Process Management at the Offshore Technology Conference in Houston announced yesterday an expansion of their global offshore alliance. Under this expansion, they can now deliver integrated energy and automation systems for Floating Production Storage and Offloading vessels and semi submersible oil and gas drilling rigs. The companies' expanded relationship combines the process…
Canton Marine Terminals to Berth Landmark Ship
The Department of Transportation’s Maritime Administration announced that a $588,380 per year contract has been awarded to the Canton Marine Terminals of Baltimore…
ACL Announces First Quarter Results
American Commercial Lines Inc. (ACL) announced results for the first quarter ended March 31, 2008. Revenues for the quarter were $270.5 million, an 18.5% increase…
This Day in Naval History - May 07
1779 - Continental Navy sloop captures British brig Diligent off . 1940 - FDR orders Pacific Fleet to remain in Hawaiian waters indefinitely. 1942 - Carrier aircraft…
