Yangzijiang Shipbuilding Hedges for Appreciation
According to a report from Bloomberg, Yangzijiang Shipbuilding Holdings Ltd., China’s third-largest shipyard outside state control, is basing currency-hedging on…
Pirate Attack Fails Against LPGC Maido, Somali Basin
On 26 October 2010, late afternoon, the French-flagged Liquefied Petroleum Gas Carrier (LPGC) MAIDO was reported under attack from one skiff approximately 100 nautical miles south east from Dar Es Salaam, Tanzania. Pirates had managed to board the vessel; however, later in the evening they eventually abandoned it, after having been unable to get control over the crew who had locked themselves in the ship’s “citadel.” The 14 crewmembers are reported safe.
IMS Dredges Helps Create Security Zone in Gulf of Guinea
IMS Dredges, a division of LWT, LLC, is facilitating the creation of a local security zone in the Gulf of Guinea. IMS Dredges' 7012 HP Versi-dredge is being utilized to develop the bases for the The African Partnership Station in its fight against piracy. The dredged material is creating these foundations as an integral part of the security effort. Developing protection, such as this, has been an ongoing struggle in the region which has initiated the creation of various defense programs.
Norwegian Cruise Line Parent to Go Public
According to a report from the Associated Press, the parent company of Norwegian Cruise Line, said on Oct. 26 it filed a registration statement for an initial public offering with the U.S.
MAN’s Training Academy Concludes First Course
The first training course held at the newly constructed MAN Diesel & Turbo UK Ltd Training Academy in Stockport was recently completed. The two-week long training programme, covering engine maintenance for the Mirrlees Blackstone ESL MK2 engine range, included delegates attending from a major overseas customer, the Royal Jordanian Air Force. As part of the newly constructed multi million pound head office facility for MAN Diesel & Turbo UK Ltd…
Maersk Line Awarded Navy Energy Conservation Contract
Maersk Line, Limited (MLL) has been awarded a contract by the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), to assess and apply Advanced Waste…
Hercules Offshore Q3 2010 Results
Hercules Offshore, Inc. (Nasdaq: HERO) reported a loss from continuing operations of $15.1m, or $0.13 per diluted share, on revenues of $168.5m for the third quarter 2010…
First ecHo Yacht from Monte Fino
Kha Shing, Taiwan builder of luxury yachts, has begun building the first of its newest model in its Monte Fino range, designated hull 84/6. The ecHo is an 85-ft motor yacht, and its name derives from being ecologically friendly as well as the result of a partnership with Humphreys Yacht Design. The Monte Fino ecHo is a completely new design based on the principals of energy efficiency, minimal emissions…
Topaz Awarded $100m EPC Contract
Topaz Engineering, a division of Topaz Energy and Marine has been awarded a $100m EPC contract for the Phase IV Oil Storage Terminal for client GPSChemoil in Fujairah, U.A.E. Through its subsidiary, Nico International Hydrospace, Topaz Engineering has won one of the major tank terminal repeat contracts in Fujairah for GPSChemoil, a partnership between Gulf Petrol Supplies LLC (GPS) and Chemoil. The 580…
Trinity Offshore to Build Very Shallow Multi–System Skimmer
Trinity Offshore, LLC announced that they have signed a contract to build one 56-ft by 14-ft MKII Very Shallow Multi-System Skimmer (VSMSS) with Clean Gulf Associates of New Orleans, La.
This Day in U.S. Coast Guard History – October 28
1919-Congress passed the National Prohibition Enforcement Act, otherwise known as the Volstead Act, on this date. The Volstead Act authorized the enforcement of the 18th Amendment…
This Day in U.S. Naval History – October 28
1864 - Steamer General Thomas and gunboat Stone River destroy Confederate batteries on Tennessee River near Decatur, Alabama. 1882 - Orders issued for first Naval…
Antonini: Overcapacity Remains the Biggest Problem
In addressing a conference in Nan Tong which included 120 of the world’s leading shipbuilding executives from Japan, Europe, China, Korea and USA (JECKU), CESA Honorary…
JECKU: Global Shipbuilding Leaders Address Challenges
One hundred and twenty leading executives from the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) held a conference to exchange views on global economic development…
Berg Propulsion Selected for United Faith
Berg Propulsion’s feathering controlled pitch propeller has been selected by United Faith (Hong Kong) Group subsidiary Celestone Marine Engineering Co. Ltd, as part…
ABS Nautical Systems User Conference,Vancouver
ABS Nautical Systems, the world’s fastest growing provider of fleet management software, hosted its 2010 Annual User Conference, Oct. 12-14, 2010 in Vancouver BC, Canada.
Austal Graduates 21 Apprentices
Austal USA honored the second set of graduates of our four-year apprenticeship program with a banquet in Mobile, Ala. The 21 graduates honored at this banquet received their certificates of completion and designation as Department of Labor Class A Journeymen. President and Chief Operating Officer, Joseph J. Rella, was the key speaker at the celebration. Rella stated, “The apprentice training program at Austal challenges the students both academically and practically.
Seatrade Award for Wilhelmsen Ships Service
Wilhelmsen Ships Service has been awarded the Seatrade Award in the category of Best Ship Agent. This took place on Monday 25 October at The Seatrade Middle East…
TSmarine Launches Salt Subsea Support Operations
The TSmarine Australia Group has appointed 30-year oil and gas industry veteran Michael Earlam to lead the group’s new Aberdeen-based subsidiary SALT Subsea Ltd. SALT Subsea, a wholly owned subsidiary of the TSmarine Australia Group, will initially support the long term AX-S contract with Expro Ltd. TSmarine Australia chief executive officer John Edwards said Michael Earlam brought a wealth of knowledge and experience to the North Sea operation.
Northrop Grumman Reports 3Q Results
Northrop Grumman Corporation (NYSE: NOC) reported that third quarter 2010 earnings from continuing operations increased to $489 million, or $1.64 per diluted share…
