Cracking the Boat Buying Nutshell
New work boats are never purchased out of want, but rather need – imminent need. Such a need prompts buyers to scour the web and perhaps their favorite maritime magazines for information on potential designs that appear to be a good fit. The next step is simply to make contact with a boatbuilder and request a price based upon the similar vessel shown via the website or marketing materials. Go ahead – ask for the price, but will it truly be meaningful?
Renewables to Surpass Gas by 2016 in Global Power Mix
Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years. Renewables…
NSI Issue Notice on Counterfeit Batteries
NSI has become aware of non-original GMDSS batteries being promoted, sold and installed on board SOLAS convention vessels for use in GMDSS equipment required by SOLAS.
New Globe Valve Line from Metso
About one year ago, Metso announced a launch of a new line of Neles globe control valves, targeted in the first phase to the Asia Pacific, Chinese and Indian petrochemical, refining and oil and gas industries. Global launch is to follow in 2014. Metso is an international supplier of control valves and services. The addition of the globe valve product line means that Metso's customers in Asia Pacific…
Progress Reviewed in Dubai Maritime Sector Strategy
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, has recently reviewed the progress in the implementation of the new Dubai Maritime Sector Strategy (MSS) which is poised to develop, regulate and promote the industry that will ultimately position Dubai as a first-class international maritime hub.
Rhode Island on Forefront of National Freight Network
One of the most important components of a healthy economy is modern port infrastructure to feed our maritime transportation system. By investing in waterways, jobs are created, economic competitiveness is improved and prosperity is built for the long term. At the Rhode Island Ports Showcase in Providence, Acting Maritime Administrator, Paul "Chip" Jaenichen spoke about DOT’s commitment to making such investments.
CTruk Signs New Customer at Seawork
Essex-based CTruk said it topped off a busy first day at Seawork International by signing an agreement with a new client, Paul Knight, for their now proven composite 20T multi-purpose catamaran design. Isle of Mull-based Paul started his own shellfish export business at the age of 18 and has always had a head for opportunities. Later adding a commercial fishing arm to PDK Marine, Paul bought his first vessel seven years ago and has owned several since.
Steamship Mutual Publish 2013 Management HIghlights
Steamship Mutual P&I Club has released its 2013 Management Highlights. This includes an introduction from the Club’s Chairman, Heinrich Schoeller, and a statement from the CEO, Gary Rynsard. •Free reserves reduce by 3.25% to $286.21 million. •Total entered tonnage rises to approximately 102.3 million GT. •Number of claims falls but average cost increases, in particular for larger claims. •Most expensive year on record for Pool claims. •Combined gain on investments of $27.01 million, 3%.
Insatech Launches Smart Sulphur Switch S3
Danish company Insatech A/S has developed the Smart Sulphur Switch S3 system (S3) that they say minimizes shipping companies’ additional costs as a result of the requirements stipulated in MARPOL Annex VI concerning sulphur emissions in Emission Control Areas (ECAs) in North America, the Caribbean, the Baltic and the North Sea. The S3 system distinguishes itself through its ability to always blend and adjust two fuels to the desired sulphur content.
Port of Hamburg CEO Announces Retirement
At the end of this year Claudia Roller, Chief Executive Officer of Port of Hamburg Marketing Regd. Assn., will be retiring. From April 1, 2008, Claudia Roller served…
Ocean Safety to Supply Complete RNLI Liferaft Fleet
U.K. independent marine safety equipment supplier Ocean Safety was selected by the RNLI to carry out a wide reaching replacement program for all their current liferafts in an operation that will take up to three years. The Ocean Safety ISO liferaft will become the liferaft of choice on every RNLI all weather lifeboat, following a rigorous selection program in which Ocean Safety had to produce innovative…
World's First FLNG Vessel Steel-Cutting
A steel cutting ceremony for the hull of Petronas' first Floating Liquid Natural Gas (FLNG) held at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.
Carnival Corporation Makes Top Leadership Change
Carnival Corporation plan to split the roles of chairman and chief executive officer. Micky Arison will continue to serve as Chairman of the Board of the company and Arnold W. Donald, will assume the CEO role effective July 3. Arison became CEO in 1979. At that time the company was privately held and operated three cruise ships under one brand, generating $44 million in revenues and carrying approximately 160,000 passengers a year.
China Company Takes Over Sunseeker International
The Dalian Wanda Group, one of the largest Chinese property and cinema groups, will acquire almost 92 percent stake in the leading global luxury yacht company, Sunseeker International Limited, for about GBPDS 320-million. Although the private yachting market is in its early stages in China, this industry is growing rapidly. Wanda's Chairman Wang Jianling states that "China's consumption is growing, especially in the market for high-end luxury products.
Marine Lubricant Suppliers in Global Supply Link-up
Aegean Marine Petroleum Network and SK Lubricants sign an agreement that will allow Aegean to increase its sales volumes in the marine lubricants market and SK Lubricants…
Nordic American Tankers Remain Bullish
Nordic chairman, Herbjorn Hansson
, in a letter to shareholders, believes that the tanker markets remain soft, due primarily to the excess supply of vessels; but the longer term outlook is more encouraging. "The order book for new vessels is declining and starting in 2014 we expect only a modest number of newbuildings will be launched. We also expect older vessels will continue to be scrapped. Consequently, the suezmax tanker markets should start tightening again.
Labor Leader Clyde Fitzgerald Appointed Port of Houston Commissioner
Harris County Commissioners Court has appointed longtime labor leader Clyde Fitzgerald to serve as a member of the Port Commission of the Port of Houston Authority. Fitzgerald's appointment fills the seat of former Port Commissioner Jim Fonteno, who submitted his resignation to Commissioners Court in April, indicating his desire to spend more time with his wife and two young daughters. Clyde Fitzgerald…
Horizon Lines Plan Diesel/LNG Engine Fuel Conversions
Horizon Lines plans to convert the power plants on two of its steam turbine cargo vessels to modern diesel engines capable of burning conventional liquid fuels or liquefied natural gas (LNG). "We are viewing this as the first step in a repowering initiative for Horizon Lines vessels serving in the Hawaii and Puerto Rico trade lanes," said Sam Woodward, President and Chief Executive Officer. "The two…
Warship 3D Artisan Radar Fitted to HMS Iron Duke
Portsmouth-based 'HMS Iron Duke' has returned to sea after a 16-month upgrade and now boasts one of the world's most advanced radar systems. As part of a £100 million programme, Artisan (advanced radar, target indication, situational awareness and navigation) will be fitted to all the Navy’s 13 Type 23s as well as the 2 future aircraft carriers. The Type 23’s replacement, the Type 26 Global Combat Ship , may also carry the system when it enters service next decade.
USA Maritime Applauds Continuation of 'Food for Peace' Program
USA Maritime praises the House of Representatives for rejecting the Royce-Engel amendment that would have dramatically altered the existing PL 480 Food for Peace Program. The action in the House, according to USA Maritime Chairman James Henry, “Demonstrates a clear recognition that this cornerstone of America’s foreign aid programs is not only the most successful in addressing world hunger but provides numerous important economic and national security benefits to the American people.
