Matson Enters Private Placement Agreement
Matson, Inc., a U.S. carrier in the Pacific, announced that it has entered into a private placement agreement pursuant to which Matson will issue $100 million of 30-year senior unsecured notes.
Matson, Aker Ink Shipbuilding Deal
Matson Signs Contract With Aker Philadelphia Shipyard For Two New "Aloha Class" Containerships, First Ship To Be Named The Daniel K. Inouye. Matson, Inc., a U.S. carrier in the Pacific, announced today that its subsidiary, Matson Navigation Company, Inc., has signed a contract with Aker Philadelphia Shipyard Inc. (APSI) to build two new 3,600 TEU containerships for an aggregate price of $418 million.
Ingalls Authenticates the Keel of New Destroyer
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division authenticated the keel of the company's 29th Arleigh Burke-class aegis guided-missile (DDG 51) destroyer, John Finn (DDG 113), on Monday. Laura Stavridis, ship's sponsor and wife of retired Adm. James Stavridis, the former Supreme Allied Commander, Europe, attended with her husband. "It's great having Mrs. Stavridis here to see her ship and meet some of the shipbuilders," said George Nungesser, Ingalls' DDG 51 program manager.
New Marine Specific Fuel Additives Website Launched
Power Service Products, a producer of diesel fuel additives, launched a website for boat owners at home or at sea: MarineDieselAdditives.com. By EPA mandate, boat owners are required to use Ultra Low Sulfur Diesel (ULSD) fuel, where the sulfur content has been lowered to no more than 15 parts per million (ppm) from its previous maximum allowable content of 500 ppm. ULSD burns cleaner than higher sulfur fuels…
BAE Systems Restructures Naval Sector
BAE Systems has reached agreement in principle with HM Government on measures to enable the implementation of a restructuring of its U.K. naval ships business. The agreement will result in the restructuring of the contract for the Queen Elizabeth Class Aircraft Carrier program, provision of additional shipbuilding work prior to the start of the Type 26 Global Combat Ships program and rationalization of the U.K. naval ship business to match future capacity requirements.
Original 1971 Oil Pollution Compensation Fund Closes
Several years ago, the 1971 Fund was replaced by the two subsequent Funds that pay higher compensations to the victims of oil pollution. It was an international innovation when a global, solidary scheme on compensation for the victims of oil pollution caused by tankers was established with the 1971 Fund. It has proven to be such a great success that the system has been improved twice, and the model has been copied for other types of pollution from ships.
Black Elk Failures behind Offshore Platform Explosion
The Bureau of Safety and Environmental Enforcement (BSEE) released its panel investigation report into the November 16, 2012 explosion and fire that occurred on a platform operated by Black Elk Energy Offshore Operations. The explosion and fire resulted in the tragic deaths of Ellroy Corporal, Jerome Malagapo and Avelino Tajonera, serious injuries to others and the discharge of pollutants into the Gulf of Mexico.
VT Halter Drydock Open Ahead of Schedule
VT Halter Marine Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), announced its newest facility, a 12,000 MT Floating Drydock, is now open for business and already has its first customers. The dock, measuring 546 ft.. in length, 105 ft. in breath and with a depth of 46 ft., is part of an overall expansion plan at the south yard in Pascagoula. This is where VT Halter Marine is adding a repair facility for semi-submersible drilling rigs and Panamax-size ships.
U.S., Australia Partner for Maritime Border Protection
The U.S. Coast Guard and the Australian Customs and Border Protection Service signed a memorandum of understanding (MOU) to highlight common missions, interests and capabilities, along with opportunities for collaboration for mutual benefit, Tuesday. The MOU will benefit the U.S. and Australia partnership by strengthening maritime cooperation through the sharing of information needed for maritime domain awareness activities.
Coast Guard Receives New Response Boat
Members of Coast Guard Station Tybee Island held a ceremony at the station Tuesday to recognize the arrival of their newest response boat. Along with the Station Tybee Island crew, members from Coast Guard Sector Charleston, the Coast Guard Auxiliary, the mayor of Savannah, Ga., the pro tempore mayor of Tybee and representatives from local agencies attended the ceremony. Following the official proceedings, guests were invited to go aboard the Response Boat-Medium and view the new vessel.
Today in U.S. Naval History: November 6
Today in U.S. 1851 - U.S. Navy expedition under command of Lt. William Lewis Herndon, on a mission to explore the valley of the Amazon and its tributaries, reaches Iquitos in the jungle region of the upper Amazon after their departure from Lima, Peru. 1941 - On Neutrality Patrol, USS Omaha (CL-4) and USS Somers (DD-381) intercept the German blockade runner Odenwald disguised as U.S. freighter, board her after the German crew abandoned the ship…
LOKRING Updates Installation Procedures Document
LOKRING Technology LLC, producers of advanced fluid and gas transfer connectors, issued a new version of its Installation Procedures Document LP-105. This comprehensive…
PEMA to Supply Welding Automation to Keppel FELS
Pemamek Oy Ltd. received another contract to supplement Keppel FELS’ Singapore yard upgrading. The new contract consists of two PEMA robotic profile processing lines. Keppel FELS has constantly invested in increasing productivity and capabilities of their rig production process. The new supplement to their production machinery is a high-capacity robotic profile processing lines of two. The line includes cutting and marking features and automatic palletizing systems.
October Limestone Trade Up 23% on the Lakes
Shipments of limestone on the Great Lakes totaled 3.6 million tons in October, an increase of 23.3% compared to a year ago. The October total was also slightly ahead of the month’s five-year average…
Bourbon Reports 3Q 2013 Revenues
Bourbon released its results for the third quarter 2013 and reported signs of continued improvement in offshore vessel demand. Revenues were up 8.6% compared to third quarter 2012…
DNV GL to Class Two Brazilian Pipe Laying Vessels
The two pipe laying vessels (PLSVs) are to be built at the brand new Vard Promar yard in Recife, in the North East of Brazil. The order is part of four OSVs by DOF/Norskan and Technip, important customers for Vard. The other two of these vessels are to be built in Norway, also to DNV class. The new Vard Promar yard in North East Brazil represents a significant expansion of Brazil’s shipbuilding capability as more yards will be built outside of Rio de Janeiro.
Liverpool Container Terminal Drives Technology Upgrade
The development of a £300 million container terminal in Liverpool (U.K.) is driving a major technology investment by Britain’s second largest ports group. Peel Ports is introducing the Navis N4 terminal operation system – acclaimed as the gold standard in global container management – at eight sites in the U.K. and Ireland. The upgrade is being driven by Liverpool2 – a new container hub for the U.K.
Victor Technologies Acquires Gas-Arc Group
Victor Technologies has announced it has acquired Gas-Arc Group Ltd, a privately held manufacturer of gas control equipment based in the United Kingdom, for approximately $40 million in cash…
Great Lakes Iron Ore Trade Up Almost 10% in October
Shipments of iron ore on the Great Lakes totaled 6 million tons in October, an increase of 9.6% compared to a year ago. The October ore float was also 8.8% ahead of the month’s five-year average, but trailed September by about 3%. Shipments from U.S. ports totaled 5.3 million tons, an increase of almost 16% compared to a year ago. The October total included 183,000 tons shipped to Québec City for loading into oceangoing vessels and delivery overseas. Year-to-date overseas exports from U.S.
Hands-on Spill Response Training, from the Classroom to the Tank
Training at Ohmsett takes the learning from the classroom to the 2.6 million gallon wave/tow test tank. That’s where students receive hands-on training with the latest spill response equipment and techniques used in the field. Ohmsett, in partnership with Texas A&M National Spill Control School, announced the 2014 Oil Spill Strategies and Tactics training, June 10-13, 2014 and August 26-29, 2014. Each…
