Chinese Iron Ore Imports Help Strengthen FFAs
Drewry Maritime Research’s latest Dry Bulk Insight saw the Drewry Hire Index improve to 229 points in June, a 6% increase from May. The largest improvement was seen in the Capesize vessel segment…
CNOOC, BP Sign Production Sharing Contract
CNOOC Limited said that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with BP for deepwater Block…
DREWRY: U.S. Exports Miss Target
US exports have been relatively robust in a backdrop of a moribund global economy, but slowing growth means that President Obama’s ambitious plan to double outbound trade in five years will fall short. In his first State of the Union speech in January 2010, President Barack Obama set out an ambitious goal to double exports over the next five years to support 2 million new jobs. Following an initial burst that made that target look a realistic possibility…
USN, Republic of Singapore Navy Commence 19th CARAT Singapore
The 19th annual Cooperation Afloat Readiness and Training (CARAT) Singapore exercise commenced with an opening ceremony at Changi Naval Base, July 15. Continuing through July 26, CARAT Singapore 2013 consists of 12 days of shore-based and at-sea training events designed to address shared maritime security priorities, develop relationships, and enhance interoperability among participating forces. CARAT Singapore is part of a series of bilateral naval exercises between the U.S.
Dana Gas: Record 2013 Production in Egypt
Dana Gas PJSC, one of Middle East's leading regional private sector natural gas company, announces that it has achieved record production in 2013 in Egypt of 39…
APL, ANL and Hanjin to Collaborate on New Service
APL, ANL and Hanjin Shipping have teamed up to offer a new weekly service covering Asia, Australia and New Zealand. To be launched on September 1, 2013, the New…
Hatlapa Becomes Part of Cargotec’s MacGregor
The Hatlapa shareholders have entered into an agreement with Cargotec´s MacGregor to transfer all company shares and to integrate the merchant ship and offshore deck equipment business into the MacGregor portfolio. MacGregor offers integrated cargo flow solutions for maritime transportation and offshore industries. MacGregor’s offering includes hatch covers, lashing systems, cranes, RoRo cargo and passenger access equipment and self-unloading systems.
Aker Solutions Acquires I.D.E.A.S
Aker Solutions acquired UK specialist engineering company International Design Engineering And Services Ltd (I.D.E.A.S) to boost its asset integrity management services.
Raytheon Anschütz Supplies Nor Lines ECDISRetrofit
Raytheon Anschütz was awarded a contract for the supply of ECDIS 24 to a significant retrofit program of Norwegian shipowner Nor Lines. ECDIS 24 is a particular designed retrofit version of the well-known Raytheon Anschütz ECDIS. Under the contract, Nor Lines has ordered ten ECDIS 24 systems for installations on board of five ships, with MV Cometa being the first vessel to be refitted. All five shipsets will be supplied and commissioned by Raytheon Anschütz’ Norwegian distributor Syberg AS.
Lt. Gov. Treadwell to Keynote Ice-Diminished Arctic Conference
Lt. Governor Mead Treadwell will give a keynote presentation tomorrow at the 5th Symposium on the Impacts of an Ice-Diminished Arctic on Naval and Maritime Operations. Treadwell will highlight the need to plan for safe maritime operations, national security, and the economic impacts of an open Arctic Ocean. Who: Lt.
Drybulk Shipowners, Safe Bulkers, Declare Dividend
Safe Bulkers, Inc. has declared a cash dividend of $0.26111 per share on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares. The dividend will be paid on July 30, 2013 to all Series B preferred shareholders of record as of July 25, 2013. The Company has 1,600,000 Series B Preferred Shares outstanding as of today. This is the first cash dividend the Company has declared since the commencement of trading of its Series B Preferred Shares on the New York Stock Exchange on June 19…
Carrier Shipbuilders Honor Gerald R. Ford BD Centenial
Shipbuilders representing Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division participated in a series of events over the weekend commemorating what would have been President Gerald R. Ford's 100th birthday. NNS is building CVN 78, a nuclear-powered aircraft carrier for the U.S. Navy named in honor of the 38th President. The centennial events were held at the Gerald R. Ford Museum in Ford's hometown of Grand Rapids, Mich.
New Cat® Powered Marine Hybrid System
Developed for all engine platforms with electrical specialists Aspin Kemp & Associates (AKA), the system package utilizes AKA’s XeroPoint Hybrid marine propulsion system and provides fuel savings of up to 25% and even emissions reductions. A recent CARB study found a 73% reduction in PM, 50% reduction in NOx & 26% reduction in CO2. Significant improvements are also seen in performance, control and noise levels.
Kongsberg Systems for New Fugro Survey Ship
The new Fugro-owned Survey Vessel “Fugro Helmert” has been christened at Fassmer Shipyard in Germany, & is equipped with Kongsberg Maritime (Germany) advanced technical equipment. Kongsberg Maritime scope of supply to this high sophisticated survey vessel includes a Dynamic Position System Class 1 (DP1) with class notation Germanischer Lloyd and various sounding equipment placed in a specially designed blister in the keel section area.
Virginia's House of Hope Hosts Polo Fundraiser
Sandy Hurricane relief and maritime support charity, Virginia's House of Hope, celebrated its accomplishments and raised funds for the future at their recent polo match benefit. This was its first summer event and was held at Conyers Farm, Greenwich CT, on July 14th., with more than 200 friends and supporters of VHH in attendance. In addition to enjoying the graceful and exciting competition between two internationally ranked teams…
KPI Bridge Oil Appoints London Office Team Leader
KPI Bridge Oil, a leading global broker & trader in marine bunkers, marine lubricants & risk management products, has promoted Mr. Mark Perrins to Team Leader at its London Office. Mark Perrins has been with the company for nearly 5 years during which time he has built strong relations with a wide range of business partners around the world. Mark has a background in operations with two large international shipping and marine logistics companies.
Port of Huename Appoint Navy Vet COO
John Demers will be joining the staff at the Port of Hueneme as the Port’s new Chief Operations Officer. Port CEO & Director Kristin Decas said: “John comes to…
UPI Name Tim Brown Senior V-P Business Development
UniversalPegasus International (UPI) is a company with a global reach in engineering, project management & construction management for the energy industry, headquartered in Texas. Brown has more than 30 years of experience in the engineering and construction sectors. He comes to UPI from Jacobs Engineering where he held the position of Global Vice President, Inside Sales and Marketing. He was responsible for downstream…
Carnival Sets Up Safety & Reliability Review Board
Carnival Cruise Lines has appointed four esteemed maritime and transportation industry experts – Rear Admiral Mark H. Buzby, Rear Admiral Joseph F. Campbell, Ray Valeika and Dr. John K. Lauber -- to the company's new Safety & Reliability Review Board. As part of Carnival's comprehensive fleetwide technical enhancement program, the review board was created to provide independent third-party perspective and to drive continuous improvement across the line's fleet.
Port State Enforcement of ILO MLC: Free ICS Advisory Download
The International Chamber of Shipping (ICS) has issued advice to shipowners to help them pre-empt port state control problems when the Convention enters in force on 20 August 2013. The advice – contained in a brochure which can be downloaded free of charge via the ICS website – explains the measures that port state control officers are entitled to take, which initially will vary from country to country depending upon the date when the port state ratified the Convention.
