Knowledge Gap Contributing to Increased Cat Fine Claims
With individual claims arising from excessive main engine wear caused by cat fines in the fuel oil likely to exceed $1m, and no sign of the problem being remedied at source, operators will have to take on the responsibility for reducing the incidence of these claims, suggested Braemar SA’s Chief Surveyor for Western Europe, Paul Hill, speaking at this week’s International Union of Marine Insurance (IUMI) London Conference.
IBIA Welcomes Early IMO Fuel Availability Study
The International Bunker Industry Association (IBIA) supports the UK government’s call for the International Maritime Organization (IMO) to bring forward its review of the availability of 0.50% sulphur fuel. As more and more locations declare ECA requirements, the latest being Hong Kong this week, the greater the demand for low sulphur fuel. The shipping industry needs some definitive dates to plan implementations on board…
Reef Subsea Win Large Middle East, A-P, Contracts
Reef Subsea Dredging and Excavation (D&E) report they have secured a number of substantial contracts in the Middle-East and Asia Pacific as they continue to grow its global footprint. The Middle-East contracts will involve two teams from the company’s UK workforce managing subsea excavation work in Saudi Arabia and Iraq. The work in the Al Khafji field in Saudi Arabia, on behalf of Technip and Khafji Joint Operations (KJO), is a shore approach cable excavation in shallow waters.
Crowley Tugs Deliver Huge Olympus Platform
Four of Crowley Maritime Corp’s ocean class tugboats , the 'Ocean Wind', 'Ocean Wave', 'Ocean Sky' and 'Ocean Sun', recently completed the successful delivery of the offshore oil production and drilling platform, Olympus, to the U.S. Gulf of Mexico. The project was significant because it provided the first opportunity for all four of the company's new high-bollard-pull, ocean class tugboats to work together on any single job.
General Dynamics Make Leadership Changes
Jeffrey S. Geiger, president of General Dynamics Bath Iron Works, will become president of General Dynamics Electric Boat effective November 4, 2013, following the retirement of Kevin J. Poitras. Geiger will continue reporting to John P. Casey, executive vice president of Marine Systems for General Dynamics. In addition, Frederick J. Harris will remain as president of General Dynamics NASSCO and will also serve as president of Bath Iron Works.
Maersk Line to Up Container Freght Rates
Maersk Line has informed customers of a new rate increases to take effect from 1, November 2013. The rate increases will apply to the route from the Far East, excluding Japan, to Northern Europe and the Mediterranean. According to Maritime Denmark, in order to continue offering its broad portfolio of services and high level of reliability, it will be necessary for Maersk to implement a number of rate increases / rate re-directions the company informed its customers…
Petrobas to Beef Up IT Security After Alleged Hacking
Petrobras will invest R$ 4-billion in information technology and security in 2013
 demonstrating the company's commitment to protecting its data. Millions of e-mails…
Applied Weather Technology Appoint New CEO
Ship routing advisory services & onboard voyage optimization systems provider Applied Weather Technology, Inc. (AWT) has appointed Haydn Jones as Chief Executive Officer. From AWT's headquarters in the Silicon Valley, Jones will lead AWT's 10 offices to deliver industry leading products and services to the company's 800 shipping clients. Most recently, Jones served as AWT's director of international operations, overseeing sales, marketing and business development.
Arctic Drill Rig Protesters Repelled
Activists from the environmental organization Greenpeace International attempted to climb aboard Gazprom’s oil drilling platform 'Prirazlomnaya' in the Pechora Sea to stop it from becoming the first to produce oil from the region, reports the Barents Observer. Five inflatable boats were launched from the Greenpeace ship "Arctic Sunrise" in the early morning hours today and headed for the Prirazlomnaya platform, which the owner Gazprom says is now ready to start drilling .
STX Finland Re-structuring: Hundreds to Lose Jobs
As part of the restructuring of STX Finland, current operations at the Rauma Shipyard will be ramped down and functions shifted to the Turku Shipyard. Like other European shipyards, the Finnish shipbuilding industry is suffering the effects of the recession in the global economy; an increase in surplus capacity and the financial crisis have all led to a cut in orders and stiffened competition. Consequently…
Washington Navy Yard Tragedy TAPS Fund Created
TAPS (Tragedy Assistance Program for Survivors) has set up a "Navy Yard Tragedy Family Support Fund" for those affected by the recent tragedy. They have experience and expertise in providing this support for families in circumstances like this, such as for the recent Fort Hood shooting victims. TAPS is the 24/7 tragedy assistance front line resource for anyone grieving the death of a loved one in, or in support of…
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