HMCS Ojibwa’s Being Prepped for "Final Resting Place"
BMT Fleet Technology will commence work to enable the decommissioned submarine, HMCS Ojibwa to become the centrepiece at the new Elgin Military Museum of Naval History being built in Port Burwell…
Adm. Papp Testifies at "Law of the Sea" Hearing
Testifying yesterday before the Senate Committee on Foreign Relations at a hearing on the Law of the Sea Convention, Coast Guard Commandant Adm. Bob Papp stressed that accession to the Convention will better position the Coast Guard to advance and protect America’s national, economic and environmental security – especially in the emerging Arctic. Papp explained how the Coast Guard would be able to…
Newport News Shipbuilding Appoints Diakun
Huntington Ingalls Industries said that Peter Diakun, vice president and chief technology officer of its Newport News Shipbuilding (NNS) division, has been appointed to vice president of energy programs. Diakun, a 26-year veteran of the shipyard, will assume responsibility for energy programs while maintaining certain aspects of his current position. Integration Center (VASCIC) operations, including operational concepts and modeling and simulation work.
OSX: $1.3B Financing for its Açu Shipbuilding Unit
The Brazillian shipbuilding endeavor received a significant financial injection, as OSX Construção Naval entered into contracts with lending agents BNDES – National Development Bank and CEF - Caixa Econômica Federal for financing with resources from the FMM - Merchant Marine Fund, in the approximate amount of $700m each, totaling approximately $1.3b. This $1.3b financing is dedicated to the implementation of the Açu Shipbuilding Unit…
Statutory Alert: Port State Control
The 43 maritime authorities of the Paris and Tokyo Memoranda of Understanding (MOU) on port state control will launch a joint concentrated inspection campaign (CIC)…
ClassNK Releases New Rule Amendments
ClassNK (Chairman and President: Noboru Ueda) has announced the release of new amendments to the ClassNK Rules on June 15, 2012. ClassNK constantly reevaluates its Technical Rules and Guidances in order to respond to requests from the maritime industry, incorporate R & D results and feedback from damage investigations, and address new regulations as well as amendments to international conventions and IACS unified requirements.
ClassNK Earns Authorization From Lithuania
ClassNK (Chairman and President： Noboru Ueda) has announced that it signed an agreement with the Lithuanian Maritime Safety Administration on 14 June 2012 granting…
'Rena' Wreck Removal Planned
A total of 940 containers from Rena have now been processed ashore. The owners and insurers of Rena have issued a tender for the next stages of the operation, which will now shift to wreck removal. While this process is underway, Braemar/Unimar has taken an expanded role of monitoring the wreck site. MNZ’s role, of overseeing the salvage and container/debris recovery operations, remains the same.
Shell Arrange for FPSO Vessel Conversion
SBM Offshore announces that it has received a letter of interim award (LOIA) from Shell for the supply, lease and operation of a FPSO for the Fram field in the UK sector of the North Sea.
Mega Cranes for Port of Rotterdam
Cargotec will supply eight Kalmar super quay cranes and two Kalmar barge quay cranes to the APM Terminals Maasvlakte II expansion project. The cranes have an outreach of 25 containers, are semi automated and have twin lift and tandem lift capability. Dutch financial daily estimates the investments in the cranes to amount to some €125 million, 25% of total investments which include some €125 million…
Philippine Shipyard to Build 10 Container Ships
Despite the current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil's Subic Shipyard has won a bid to build mid-size container ships for the first time this year. The shipbuilder recently announced that it has signed a USD 450 million contract to build ten 5,000TEU container 
ships (options included) with ship owners in Europe. These days, large vessels have been the mainstream in the container ship 
market with little demand for mid-size container 
ships (5…
Construction of Korean Port Underway
Construction of an international sea port on a massive plot of reclaimed land on the southwest coast that could help fuel regional growth has begun according to a 'Korea Times' report.
ABB Supply Giant Offshore Wind Plant
The Walney offshore wind plant in the East Irish Sea has a total generating capacity of 367 MW (megawatts), consisting of 102 wind turbines with a rated generating capacity of 3.6 MW each.
Wärtsilä Supports Sail Training
Wärtsilä has made a 10 year anchor partner agreement with STAF, a non-profit charity organisation founded to organise sail training voyages, especially for the young.
World's First Nuclear Sub Anniversary
It was on June 14, 1952, that President Harry Truman officiated at the milestone for the submarine at the Electric Boat shipyard. People involved with the Nautilus…
Worldwide Submarine Market Profile
This report offers detailed analysis of the global submarine market over the next ten years, and provides extensive market size forecasts by country and sub sector.
World Maritime Offshore Orders 6 WFSV's
The offshore wind industry is experiencing a dynamic growth and with this new order Fjellstrand says it has answered the industry’s challenge of making fuel-efficient vessels which provide stable, safe and effective access to the wind farms. With support from the Carbon Trust, Fjellstrand addressed these market requirements and developed a new concept, the “WindServer”, for the transportation of technicians and components to the offshore wind farms.
Troms Offshore Fixes Statoil Charter
Troms Offshore has entered into a Letter of Intent with STX OSV who in turn have nominated STX OSV Aukra to build a PSV 07 design ship to service the charter with Statoil. The ship will be delivered from STX OSV Aukra shortly before or shortly after year end 2013. PSV 07 is a new innovative design developed by STX OSV and is a larger version of the well proven PSV 09 design. The vessel will be a Clean…
Cutter Suction Dredger Built in Egypt
The long term Damen customer, requested local construction which was supervised by Damen Technical Cooperation (DTC) was delivered as complete dredging package so that the customer could start the dredging job without delay. The CSD500, named ”25 January” after the day of the beginning of the Egyptian revolution, has been built by Canal Naval Constructions Co (CNC) of Port Fouad, Egypt. Damen Dredging Equipment sent over all vital components such as the dredge pump…
Global Financial Shipping Reports
These industry research reports carry forward and share information on business outlook for the Shipping industry in concerned countries based on previous quarters' performance.
