American Club Seeks Premium Hike
The American Club is seeking a 5% increase in all classes of premium (mutual and fixed-premium) for both P&I and FD&D for the 2012 policy year that starts on February 20 next.
ABB Azipod Efficiency Improved Again
Continuous effort to improve Azipod energy efficiency. ABB, a power and automation technology group, has announced that recent modifications to its Azipod propulsion unit fr ame design have seen hydrodynamic efficiency improved by more than two percent. The modifications include a newly optimized Azipod fin shape and a new pod cap structure, called Xtail. The revised fin structure receives water flow from the propeller at a new…
Cargotec Appoints Svennevig as VP
Cargotec appoints Tom Svennevig Vice President for MacGregor advanced load-handling business. Cargotec has appointed Tom Svennevig as Vice President responsible for the company's advanced load-handling business line as of 24 October 2011. Mr Svennevig is experienced in the offshore business, and he joins Cargotec from Aker Pusnes in Norway where he was Vice President, Deck Machinery. Mr Svennevig is based in Kristiansand…
Alternative Dispute Resolution Provisions
Do they save you time, money, and aggravation? Over the last decade, the legal community has embraced alternative dispute resolution modalities, such as mediation and arbitration, as tools to resolve disputes between litigants. Both of these options can be very effective in quickly resolving claims. That said, it is prudent to consider other methods before entering into any such agreement. Mediation and arbitration can be very positive for the company…
IHC Merwede Appoints South East Asia CEO
IHC Merwede strengthens its internationalisation strategy with new CEO for South East Asia. IHC Merwede, a global maritime, engineering and manufacturing group, has appointed Denis Welch as its CEO for South East Asia. He will be responsible for helping the company to reinforce its regional identity and expand its Asian-centred operations – which are focused on its offshore and marine activities. IHC…
STX, Eastern and Hornbeck to Build 8 OSV's
STX Marine (STXM) is pleased to congratulate Eastern Shipbuilding Group on the award by Hornbeck Offshore Services Inc. for the design and construction of eight STXM designed offshore support vessels. The SV300 and SV310 series vessels are derived from well proven designs recently delivered to the US Gulf Coast and they will have a deadweight of approximately 5500 LT and 6070 LT respectively. The vessels shall be designed to meet the requirements of the DP2…
Work Starts on World's Biggest Lock
Work Starts on the Biggest Lock in the World in the Port of Antwerp. In the Port of Antwerp the construction of the second lock on the Left Bank has officially started.
Sea-Fire Appoints UK Distributor
Continuing to expand its vast worldwide network, Sea-Fire has appointed a new UK distributor. Based in Southampton, England, Ocean Safety Ltd. specializes in marine safety equipment. "We are delighted to partner with Ocean Safety," said Richard Duckworth, Sea-Fire business development manager for EMEA. "Sea-Fire is a well-established manufacturer of innovative fire suppression equipment," said Mark Hart…
U.S.-Flag Lakers' October Cargo Up 3 PCT
U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3 percent compared to September, but an increase of 3.2 percent compared to a year ago. The October float was 5 percent below the month’s 5-year average, but the decrease partially reflects the significant weather-related delays the fleet experienced. Iron ore cargos for the steel industry increased 12.8 percent compared to a year ago.
Nordic Tankers: Weak Rates Drive Revenues Down
In its summary of interim report Q3 2011, Nordic Tankers said that in the third quarter of 2011 the time charter equivalent (TCE) revenue dropped back to the low levels of the first quarter of 2011.
MTU “Ironmen” on Display in New Orleans
MTU’s booth at the 2011 International WorkBoat Show will highlight three of its longtime marine customers as they tell in their own words about their experiences with MTU engines.
DAMEN Opts for Schottel
The new 30-ton harbor tugs of the DAMEN ASD TUG 2009 series are to be equipped with SCHOTTEL propulsion systems. The signing of contracts on November 10, 2011 marks…
Hapag-Lloyd Generates Positive Result
Hapag-Lloyd generated an operating result (adjusted EBIT) of EUR 36.7 million in the third quarter 2011. This took the operating result for the first nine months…
New Fleet Tracking Software
NecesSea, L.L.C., a new private company in Covington owned by Jennifer Comeaux will launch its management solutions software for the Oil & Gas Industry during Workboat 2011 on November 30…
Long Term Charter for MT Achilleas
Capital Product Partners L.P. (NASDAQ: CPLP) secured long term fixed rate time charter employment with profit share arrangements for its remaining spot VLCC, the M/T Achilleas.
Emir of Qatar Inaugurates Pearl GTL Project
His Highness Sheikh Hamad bin Khalifa Al-Thani, The Emir of Qatar officially inaugurated the Pearl Gas to Liquids (GTL) Project, the largest GTL plant in the world…
Signal Texas Ops Achieves OSHA Milestone
Signal International announced that on November 16, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence…
Partners by Design: Gibbs & Cox
Local relationships, backed by 80 years of experience, help this independent engineering and design firm make waves in the competitive Gulf Coast design and build markets.
BIMCO to Draft Standard Security Contracts
With the increasing use of armed guards on ships and the fear that second-rate security firms may take advantage of the piracy situation, BIMCO is forging ahead…
Sub Repair and Tech Contract to General Dynamics
General Dynamics Electric Boat recently was awarded two U.S. Navy contracts worth $56.7 million to perform submarine modernization and maintenance work and develop…
