Maritime Labor Convention to Commence on August 20
The International Labor Organization (ILO) will mark the coming into force of its historic Maritime Labor Convention, 2006, on August 20, 2013. The ILO Convention…
Two New Ferries Named in Liverpool
Liverpool, U.K. city region based shipyard and engineering firm Cammell Laird has hosted a formal naming ceremony for the first complete ships constructed by the company in 20 years for Scottish ferry operator Western Ferries. The ceremony marked the completion of a multi-million pound contract which has seen Birkenhead based Cammell Laird build two new car ferries for Western Ferries MV Sound of Seil (Cammell Laird keel number 1387) and MV Sound of Soay (keel number 1388).
Herculean Ships Gather in Port of Rotterdam
The largest vessels in the world will be moored in the port of Rotterdam in the next 7 days, thanks to the port's deep-draft facilities. On Friday 16 August, all…
Maersk Line Bucks Trend: Profitable Q2 2013
Maersk Line made a profit of USD 439m (USD 227m) and a ROIC of 8.5% (4.6%) as reported in the company's second quarter 2013 interim report. The significant improvement in the financial performance was achieved through lower costs. Volumes increased 2.1%, average freight rate decreased 13.1% and total cost per FFE decreased by 12.7%.The cost decrease was mainly driven by vessel network efficien- cies and lower bunker price. Maersk Line’s total fleet capacity decreased by 0.9%.
Free Research Reports on Selected Companies by Analysts' Corner
Analysts' Corner release new research reports highlighting Trinity Industries, Inc., Nordic American Tankers Limited ), J.B. Hunt Transport Services, Inc., SEACOR Holdings, Inc.), and DryShips Inc.
Coast Guard to Test Arctic Oil Spill Technologies
The U.S. Coast Guard Research and Development Center (RDC) plans to test and evaluate oil spill detection and recovery technologies in the Arctic Ocean as part of Operation Arctic Shield 2013. A multi-agency team of engineers and scientists led by RDC researchers will conduct a series of demonstrations in September 2013 aboard Coast Guard Cutter Healy to test and evaluate capabilities of various unmanned aerial systems (UAS)…
GasLog Order More LNG Carriers & Fix Charters
GasLog has ordered two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries Co., Ltd. in South Korea. The vessels are expected to be delivered in Q3 and Q4 2016, respectively, and upon delivery will commence firm seven-year charters with a subsidiary of BG Group plc. The company explains that due to the benefits accrued from building a series of ships, these vessels will have a lower delivered cost than the 2 vessels ordered in February…
Seadrill Look to the North With NADL
Seadrill and North Atlantic Drilling announce strategic partnership to develop their business for drilling in harsh environments. The basis for the establishment of NADL in 2011 was to carve out a premium specialist operator with a superior safety standard in harsh environment areas and to use this as a platform to grow the business substantially. NADL builds on a 40-year history of drilling operations and a best-in-class track record in challenging areas.
UK North Sea Gas Discovery 'Significant' Say E&P
E.ON Exploration & Production's (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it…
PNSY Returns Submarine 'USS Pittsburgh' to the Fleet
Portsmouth Naval Shipyard (PNSY) has delivered Los Angeles-class attack submarine 'USS Pittsburgh' (SSN 720) on-time and under budget after drydock overhaul. PNSY conducted the Pittsburgh pre-inactivation restricted availability (PIRA) off-yard at Sub Base New London in Groton, Conn. beginning Sept. 5, 2012. Although PNSY routinely performs work off-yard, this was the first major Chief of Naval Operations availability of more than 100,000 man-days which PNSY executed outside of Kittery, Maine.
Latest DofD Navy Contracts
Navy contracts have been awarded, amongst others, to Northrop Grumman Systems Corp. to provide LCS mission modules, and to Electric Boat Corp. for Virginia-class…
Teekay Self-Propelled DP System En Route to Las Palmas
'Navion Anglia' (pictured) has commenced the sea passage to Las Palmas with the HiLoad Dynamic Positioning No. 1 safely docked at her port side. Late 2012, Teekay Offshore announced an agreement to acquire this self-propelled dynamic positioning (DP) system that attaches to and keeps conventional tankers in position when loading from offshore installations. Now Teekay say that the HiLoad DP is safely docked to the 'Navion Anglia' and bound for operation at Las Palmas, in the Canary Islands.
Severe Weather Sends Jacksonville Barge Flying
Watchstanders in the Coast Guard Sector Jacksonville, Fla. command center received notification from Crowley Marine that the 700-foot barge 'Miami' broke loose from its mooring and sideswiped the Crowley Terminal pier and the tugboats 'Ensign' and 'Patriarch'. According to Crowley, the barge broke free of its mooring as a result of severe weather in the area. A Coast Guard investigator and the Sector Jacksonville chief of inspections arrived at the scene.
EOC's FPSO Sale Completion Extended
The intended sale completion of EOC's majority equity interest in the owning and operating of the FPSO 'Perisai Kamelia' (formerly known as 'Lewek Arunothai' has been put back to 31, August 2013.
Maersk Line to Increase US Gulf/WCSA Freight Rate
Maersk Line informs its customers it will be implementing a General Rate Increase (GRI) for dry cargo shipments from Houston, TX and New Orleans, LA to West Coast South America.
Divers Try in Vain to Enter Stricken Indian Submarine
Indian Navy personnel tried all through Thursday, in vain, to enter 'INS Sindhurakshak', the submarine which sank with 18 crew in three metres of water at the Colaba naval dock after a series of blasts nearly 48 hours ago, reports 'The Times of India'. A large amount of muddy seawater had entered the diesel-powered Kilo class submarine, hampering visibility, and the heat of the explosion had melted parts of the 16-year-old vessel's internal hull…
Cheryl K Marine Appoints New VP
Cheryl K Marine LLC. announced that Captain Jake L. Kelly, Sr. was appointed as Vice President of Operations of Cheryl K Marine Companies. Captain Kelly began his…
Chevalier Floatels Vessel Christened at Holland Shipyards
Another fast-track delivery to Chevalier Floatels has enabled the company to yet again deliver its third vessel for service support operations in the 2013 season. Adding another versatile vessel to its fleet, Chevalier Floatels has distinguished itself as an organization that is capable of making fast-track deliveries to clients, even under the most demanding circumstances. With the DP Galyna, another…
Security Dynamics to Expand Consulting Services
In response to dangerous and escalating terrorist threats directed at both the private and public sectors, Security Dynamics LLC – a counterterrorism and risk management…
Speakers Set for GSSC Summer Meeting
Mississippi’s Lieutenant Governor Tate Reeves and VT Halter Marine’s Executive Vice President John Prendergast are slated to deliver keynote addresses at the Gulf…
