FG, Indian Firm Hold Talks on Shipbuilding
According to a report from ThisDay, the management of an Indian firm, ABG Shipyard, has began talks with the Indian government with a view to setting up a shipbuilding yard in the country.
This Day in U.S. Coast Guard History - May 6
1796-Congress increased the monthly compensation of Revenue Marine officers: masters $50; first mates $35; second mates $30; third mates $25 and mariners $20. 1896…
This Day in U.S. Naval History - May 6
1909 - Great White Fleet anchors in San Francisco 1916 - First ship-to-shore radio telephone voice conversation from USS New Hampshire off Virginia Capes to SECNAV Josephus Daniels in Washington
Wilhelmsen Gets Shipping Company of the Year
“Wilhelmsen Ships Service’s position as a front runner in the marine market is confirmed,” said the company’s Sales Director for Africa, Middle East and Black Sea (AMB), Nikolai Norman, as the company scooped the Shipping Company of the Year Award at the annual ShipTek Maritime Awards in Dubai in April. Norman collected the prestigious award for Wilhelmsen Ships Service at a ceremony at Crown Plaza in the Emirate state on 19th April.
Cargotec’s New MacLux Series of Lighting Equipment
Cargotec’s MacLux lighting system for cargo holds uses LED technology to produce a high light output from a low power input. “MacLux is an easy and cost-effective way to increase the safety of working conditions on board by adding light to areas where it is needed, for example cargo holds and lashing bridges, possibly also on RoRo car decks,” said Janne Suominen, Product Manager for new products, Dry Cargo. “We started the development project following feedback from our customers”.
Milestone for Cape Town Container Terminal Expansion
South Africa’s state-owned freight transport and logistics giant Transnet Limited today celebrated a significant milestone in its R5.4 billion expansion of the Cape Town Container Terminal. On completion, the five-year project will double the terminal’s capacity to 1, 4 million TEUs per annum. Speaking at a ceremony attended by Public Enterprises Minister, Mr Malusi Gigaba, Group Chief Executive, Mr Brian Molefe…
Aker Solutions Q1 Results 2011
6 May 2011 - Aker Solutions' operating revenues in the first quarter of 2011 were NOK 12 billion, and earnings before interest, tax, depreciation and amortisation amounted to NOK 1.8 billion, including profit from asset sales and non-recurring items. "The streamlining of our business is nearly complete, and Kvaerner is scheduled to be listed on the Oslo Stock Exchange in July. Solid first quarter earnings…
Eiliv Gjesdal Appointed CFO of Kvaerner
Eiliv Gjesdal has been appointed Chief Financial Officer (CFO) of Kvaerner. Gjesdal is following the appointment of Jan Arve Haugan as President and Chief Executive Officer (CEO). Gjesdal joined Aker Solutions in 2002 and has extensive experience from finance functions in Aker Solutions as well as a background as a state authorised public accountant. Gjesdal startet his carreer as an auditor with Arthur Andersen & Co working with large Norwegian companies.
Fossekall/Dompap contract to Subsea 7
Statoil has awarded Subsea 7 a contract for marine installations and pipe-laying in connection with development of the Fossekall/Dompap discoveries off the coast of Helgeland in northern Norway. The contract value is around NOK 970 million without options and extra charges due to the weather. Discovered one year ago, Fossekall will also make it possible to develop the earlier find Dompap. This is Statoil’s fifth fast-track development and the largest so far.
CMA CGM To Launch New Service
CMA CGM Group is pleased to announce the launching of a new service linking Asia, Indian Ocean Islands and South Africa, effective May 8th, 2011. Called Shaka Express, this new weekly service will deploy 6 vessels between 4500 and 6500 TEU, and will allow CMA CGM to meet the growing market demand of South Africa, as over 30% of the country’s trade is with Asia. The service rotation will be as follows: Fuzhou…
NOIA Applauds Passage of HR 1230
Washington, D.C. – The National Ocean Industries Association (NOIA) congratulates the U.S. House of Representatives for the bipartisan passage today of H.R. 1230, “Restarting American Offshore Leasing Now Act.” If enacted by the full Congress and signed into law by the President, the bill requires that federal offshore lease sales that have been delayed start up again in the Gulf of Mexico and off the east coast of the United States.
L-3 Klein Delivers HarborGuard Systems
SALEM, N.H., May 5, 2011 – L-3 Klein Associates, Inc. (L-3 Klein) announced today the first deliveries of its HarborGuard Integrated Waterside Security and Surveillance System for a major U.S.
Wrist Ship Supply Acquires Strachans
Wrist Ship Supply, one of the world’s largest ship supply companies, today announced the acquisition of Strachans Ltd, the UK’s leading independent food distributor to the offshore catering market. This represents Wrist’s sixth deal in less than two years following acquisitions in Europe, America and Canada. The agreement combines Strachans’ specialist offshore market knowledge with Wrist’s global network…
PSV Rem Mist Delivered
Ulstein Verft delivered the platform supply vessel Rem Mist to Remøy Shipping on 5 May 2011. The vessel, which is yard number 289 from Ulstein Verft, was delivered one day before the contracted date. In his speech at the delivery, managing director of Remøy Shipping, Per Gunnar Jarnes, emphasised ULSTEIN’s ability to deliver advanced vessels on time - even before time in this instance. “In order to be successful in the global market…
Hume New W&O CEO, Guidry Advances in Pon
W&O, supplier of marine valves, pipe, fittings, engineered products and valve automation systems, announced that Michael Hume has been appointed President and CEO of W&O. He has been serving as the company’s Chief Operating Officer since 2009. Jack Guidry, former president and CEO of W&O, has been promoted to Senior Vice President of Pon and CEO of PVI, one of Pon’s American holding companies, which owns W&O, DMC-Carter Chambers and AT Controls.
New E&C Offshore Contracts Worth Over $1 billion
San Donato Milanese (Milan), 3 May 2011 – Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil China Ltd awarded Saipem the contract for the Liwan 3-1 Field – Deepwater EPCI.
Capital Product Partners Merger with Crude Carriers
CAPITAL PRODUCT PARTNERS L.P. ATHENS, GREECE, May 5, 2011 -Capital Product Partners L.P. (the "Partnership") (NASDAQ: CPLP), an international owner of modern double-hull tankers, today announces two important transactions, an increase in the investment of our Sponsor, Capital Maritime and Trading Corp. (“Capital Maritime”) in the Partnership and releases its financial results for the first quarter ended March 31, 2011.
Daewoo Shipbuilding Rides Demand
According to a report from The Wall Street Journal, Daewoo Shipbuilding & Marine Engineering Co. said its first-quarter net profit more than doubled under new accounting standards on strong orders.
Vinashin's Bank Loan Extended
According to a report from Viet Nam News, the government green-lighted a plan that will extend the loan payment period for Viet Nam Shipbuilding Industry Group (Vinashin).
Vinashin's Bank Loan Extended
According to a report from Viet Nam News, the government green-lighted a plan that will extend the loan payment period for Viet Nam Shipbuilding Industry Group (Vinashin).
