S. Korea: Ban on Single Hull Tankers in 2011
South Korea will ban, according to a Yonhap report, all single-hull tanker operations starting in 2011. The news agency reported that the Ministry of Land, Transport…
Asry Income Tops $106m
According to a report on www.gulf-daily-news.com, the Arab Shipbuilding and Repair Yard Company (Asry) achieved a net operating income of $106.4 million in the first nine months of the year.
Fincantieri Launches Indian Navy Ship
Fincantieri’s shipyard in Sestri Ponente (Genova) launched the second of two fleet tankers ordered by the Indian Navy, with delivery scheduled by the end of the next year.
Otto Marine Settles Contract Dispute
A year after a shipbuilding contract dispute emerged between Otto Marine unit Otto Offshore and GC Rieber Shipping ASA, a settlement has been reached. Otto Marine…
New Leader for Vinashin
According to an AFP report, Vietnam has named a new chairman to take over Vietnam Shipbuilding Industry Group (Vinashin), after the last head was arrested for driving the company into massive debt.
Coast Guard Working to Gain Experience with Wind Turbines
The Coast Guard installed a Skystream 3.7 wind turbine which is estimated to produce approximately 10 percent electrical load and help the Coast Guard gain experience working with renewable energy and assess wind turbines use at remote Coast Guard sites in Alaska at Station Juneau Monday, Oct. 11, 2010. The Coast Guard Partnership in Education program and State of Alaska Wind for Schools program is…
Pirating of MV Izumi in the Somali Basin
On the afternoon of 10 October, the owners of the Panama-flagged MV Izumi reported that they had received an automatically released distress signal indicating that the vessel was likely to be under pirate attack. The Danish warship HDMS Esbern Snare of the NATO counter piracy force was dispatched to intercept and investigate. In the early hours of 11 October the captain of the vessel made contact with the Danish warship, stating that pirates were in charge of the MV Izumi.
Coastwise-Qualified Vessels for Platform Jacket Transport
The Maritime Administration (MARAD) issued a final rule establishing regulations governing administrative determinations of availability of coastwise-qualified vessels…
Danaos Adds Another New Build to Fleet
Danaos Corporation (NYSE: DAC) announced that on October 11, 2010, it took delivery of one more newly built containership, the Hanjin Versailles, expanding its operational…
Safe Bulkers Time Charter for Panamax Vessel
Safe Bulkers, Inc. (NYSE: SB) announced that it has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months…
Conrad New Shipbuilding Business
Conrad Industries, Inc. announced the signing of new contracts, bringing current backlog to approximately $86m compared $41m at June 30, 2010, $38m at December 31…
Baltic Trading Acquires Three Handysize Vessels
Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot charter market, announced that it has taken delivery of the Baltic Breeze, a Handysize newbuilding.
New Navy Contracts
Austal USA, Mobile, Ala., is being awarded a $204,652,897 modification to previously awarded contract (N00024-08-C-2217) for the exercise of construction options…
Austal Awarded Contract for JHSV 4 & 5
Austal received word to move forward with the construction contract for the fourth and fifth vessels of the U.S. Department of Defense’s next generation multi-use platform…
Fourth Women on the Water Conference
November 4 through 6, the Maritime Administration and Texas Maritime Academy will host the fourth annual Women on the Water (WOW) Conference in Galveston, Texas.
Drewry Reports Container Sector Improvement
Drewry Shipping Consultants has published its Annual Container Market Review & Forecast 2010/11. This report is a forecasting tool for both global and individual trade lane supply…
This Day in Coast Guard History – October 13
1775-This is the date that the Navy recognizes as it's "official" birthday. The United States Navy traces its origins to the Continental Navy, which the Continental…
This Day in Naval History – October 13
1775 - Birthday of U.S. Navy. The Continental Congress establishes Continental Navy, later the U.S. Navy. 1954 - USS Saipan begins relief and humanitarian aid to…
Evaluating & Implementing Effective Anti-Piracy Technology & Technique
There is a new focus on technological solutions for ship self-defense against pirate attacks. Although some systems have been around a bit longer, the surge in new products is attributable largely to the dramatic increase in attacks on ships by Somali pirates over the last few years, the expanding areas of their attacks, and the worldwide attention these attacks have garnered. Suppliers have rushed to adapt existing products and develop new ones for the counter-piracy mission.
In Defense of Environmental Regulations
While it may be an unpopular opinion, I support marine environmental regulation – so long as it is sensible, fair, well-researched, and structured so as to result in minimal unintended consequences.
