Important LNG Trade Developments Summed Up by GIIGNL
In a report just published, the International Group of Liquefied Natural Gas Importers (GIIGNL) note that in 2012, LNG trade has seen the first decline (minus 1.9%) in the past thirty years. The strong growth in spot and short term trade seen in recent years (up by 110% from 2009 to 2011) is no longer there, primarily, but not solely, in line with the lack of new supplies. Japan’s power industry. Its…
Navy Astronaut, Aquanaut, Scott Carpenter Laid to Rest
The funeral of the United States' fourth astronaut to fly in space, and the second to orbit the Earth, U.S. Navy Cmdr. Malcolm Scott Carpenter (retired), was held at St. John's Episcopal Church in Boulder, Colo., with full military honors. Carpenter, 88, died Oct. 10 at the Denver Hospice following complications from a stroke. He was, a dynamic pioneer of modern exploration, and earned the unique distinction of being the first human to penetrate both inner and outer space…
Dorian LPG Gets Finance for Scorpio Tankers Deal
US-based Dorian LPG has successfully placed 80,405,405 shares to Norwegian and international institutional investors to raise approximately $250 million intended…
AMVER Ship Assists in Deep Sea Medevac
A Coast Guard Air Station Borinquen team safely hoisted a 61-year-old man suffering from severe dehydration from the Automated Mutual Assistance Vessel Rescue System (AMVER) bulk carrier 'AS Vincentia' some 400 nm from shore. The Liberian-flagged ship had earlier taken the patient off the sailing yacht 'Enzo'. The Cutter Vigorous rendezvoused with AS Vincentia 200 nautical miles north of Puerto Rico…
General Dynamics Awarded Navy Nuclear Propulsion Contract
Amongst the latest Ministry of Defense, Navy, contracts, General Dynamics Electric Boat Corp., Groton, Conn., is awarded an $18,195,519 cost-plus-fixed-fee modification…
Korean Shipbuilder Bags Quad MR Maersk Tankers Order
Maersk Tankers has ordered 4 MR product tankers to be constructed at the Sungdong Shipbuilding & Marine Engineering Co. of South Korea. The contract includes an option for two more tankers of the same type. The four vessels are due to be delivered in 2016. "We focus our investments on the product tanker segment. To remain attractive in this market, we constantly renew our fleet. Our MR vessel is the oldest in the fleet…
Webb Institute Names McMullen 2013-14 Scholarship Recipients
Webb Institute, a 4-year college specializing in Naval Architecture and Marine Engineering, is pleased to announce that seniors Henry Jansen, from Bayville, NY, and Elli Wunder from North Bend, WA have been named the recipients of the 2013 – 2014 McMullen Family Foundation Scholarship. The McMullen Family Foundation Scholarship Program was established at Webb Institute in 2009 to help off-set room and board expenses.
Top Guns Shuffle at Carnival Corp.
Alan Buckelew, currently the president and CEO of Princess Cruises, is being appointed to the newly created role of Chief Operations Officer of Carnival Corporation & plc effective December 1, 2013, reporting to President and CEO Arnold Donald. Buckelew will have oversight of all maritime and port operations around the world and our group collaborative functions, including information technology; group strategy and global operations…
Clarkson Research President to Keynote Marintec China 2013
Dr. Martin Stopford, President of Clarksons Research Services, will deliver the keynote address at the Senior Maritime Forum 2013, 2-5 December, at the Kerry Hotel Pudong, Shanghai, China. The Senior Maritime Forum is held alongside Marintec China 2013 which takes place 3-6 December at the Shanghai New International Expo Centre, Shanghai China. In his keynote address titled, "The Great Shipping Cycle -- Progress to Date and Scenarios for the Next Phase," Dr.
Vessel Operating Costs Expected to Rise 3%
Vessel operating costs are expected to rise by more than 3.0% in both 2013 and 2014, according to a new survey by international accountant and shipping consultant, and Maritime London member, Moore Stephens. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are expected to rise by 3.0% in 2013…
Ground-breaking Oil Pollution Compensation Fund to be Wound Up
The governing bodies of the International Oil Pollution Compensation Funds (IOPC Funds) held recent meetings at the Headquarters of the International Maritime Organization (IMO) in London, and decided to wind up the ground-breaking 1971 fund which has since been replaced by the 1992 protocol. The Fund was an international innovation when a global, solidaritory scheme on compensation for the victims of oil pollution caused by tankers was established in 1971.
Dryships Report Q3 2013 Net Loss Despite EBITDA Growth
Drybulk and petroleum cargo transportation company, DryShips, & through its majority owned subsidiary, Ocean Rig, of offshore deepwater drilling services, announce…
Ro-Pax Ferries Bear Excessive Reinsurance Burden Says Broker
Insurance broker and Maritime London member Willis believes that ro-pax ferries are bearing an unfair share of costs allocated to passenger ships within the International Group of P&I Clubs' reinsurance pool. The broker's head of global P&I, Ben Abraham, told delegates at the recent Interferry annual conference in Malta that there was a compelling argument to differentiate between pure passenger ships and ro-pax ferries…
Ocean Rig in the Red Q3 2013 But Increase Drilling Revenues
International contractor of offshore deepwater drilling services, Ocean Rig, announce its unaudited financial and operating results for the third quarter ended September 30…
Coast Guard Foundation Honors Heroes
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, will hold its 20th annual…
SafeBulkers Increase Q3 2013 Dividend Despite ...
Greece's SafeBulkers Inc. reports decrease in profits in its third quarter 2013 financial results but increases company dividend to reflect an improved charter market.
Aleris Introduces Alloy Temper for Marine Applications
Aleris announced it now offers 5083–H128, the newly developed aluminum alloy temper for marine applications that meets the new standards for marine plate as specified in ASTM's B928-13 standard.
DMW Marine Hires Reeder
DMW Marine Group hired Monty Reeder as its Inside Sales Manager and New England, Canada and mid-Atlantic direct Sales Representative. Reeder graduated from Ursinus College with a degree in Business and Economics and previously represented Iron Mountain. Mark Gregory will now be responsible for direct sales in the Southeastern US and Gulf Coast while Bo Weidner will continue to handle the West Coast of the US and Canada.
NASNI Builds Navy's First Submarine Firefighting Trainer
Smoke bellows out the ventilation ducts. The glow of the blazing fire emanates down the passageway. Firefighters move with precision and purpose, pausing to unleash a torrent of water towards the fire as they kneel before it. Such was the scene at the Navy's first submarine firefighting trainer, located at Naval Air Station North Island (NASNI) Oct. 29. Commander, Navy Installation Command (CNIC) approached Kidde Fire Trainers almost one year ago in response to the incident on the USS Miami…
Newpark Drilling Fluids Opens Technology Center
Newpark Drilling Fluids held a grand opening ceremony for its Newpark Technology Center in Katy, Texas. The celebration commenced with skydivers parachuting in while displaying American, Texas and Newpark flag replicas, followed by a flag raising ceremony conducted by the United States Army Color Guard and a ribbon cutting with Newpark executives as well. Festivities then continued indoors with tours of the center and its expansive laboratory facilities.
