Coast Guard Show Top 2013 Action Videos
Drug busts. Environmental responses. Security patrols. Lives saved. These daily operations, like many performed by the men and women of the U.S. Coast Guard, largely go unseen by members of the public … until now. USCG has selected the top 10 most compelling cases performed by the Coast Guard from 2013 and now there is the chance to vote for a favorite in the annual 'Video of the Year' competition.
Textainer Container Fleet Reaches 3-Million TEU Mark
Container leasing company, Textainer Group Holdings Limited, say that their their fleet surpassed 3 million TEU representing a major milestone for the company as well as the industry. “We are very proud to be the first leasing company to reach 3 million TEU,” commented Philip K. Brewer, President and Chief Executive Officer of Textainer. “Reaching a fleet size of 3 million TEU confirms the confidence that our customers have placed in us since our founding almost 35 years ago.
Cavotec Showcase Shore Power at Middle East Expo
During the recent 3-day TOC Middle East exposition, Cavotec Port & Maritime expert Daniel Lexander delivered a presentation – “Technical Solutions to Reduce Emissions at Container Terminals” – at a Tech TOC seminar. The talk provided an overview of the latest technological developments and applications of these technologies at ports worldwide. One of the main topics covered was the electrification of RTG cranes previously powered by diesel, which helps reduce emissions and running costs.
DNV GL Launch New Global Brand
“The new brand that we launch today reflects our broader service offering aimed at enabling our customers to make the world safer, smarter and greener,” says Henrik O. Madsen, President & CEO, DNV GL Group. The merger of DNV and GL in September 2013, led to the creation of DNV GL, a world leading ship and offshore classification society, a leading independent service provider in the oil and gas sector, a powerhouse in energy and renewables, and one of the world’s top three certification bodies.
ABB's Marine Turbocharging Envisages Stormy 2014 Outlook
How would you characterize the current climate in the turbocharger business? Huge storms in the marine sector – shipping and shipbuilding – but friendly sunshine in the stationary plant sector, which covers anything to do with onshore power plants. What can you tell us about the “storms”? High fuel prices, overcapacity, ongoing new vessel deliveries and very low freight- and charter rates are putting the marine industry in Germany under tremendous pressure.
Korea's STX Offshore Debt to Equity Swap Hastened
STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares…
Kerry Announces U.S. Assistance for Maritime Capacity in SE Asia
On December 16, Secretary of State John Kerry announced an initial commitment of $32.5 million in new regional and bilateral assistance to advance maritime capacity building in Southeast Asia. Including this new funding, our planned region-wide funding support for maritime capacity building exceeds $156 million for the next two years. As an example of our commitment to strengthen maritime capacities in Southeast Asia…
Euronav to Raise $150M of Perpetual Convertible Preferred Equity
The board of directors of Euronav NV announced that the company has raised $150 million (USD) via a private placement of a perpetual convertible preferred equity instrument. The instrument will be issued at par and will bear an interest of 6% during the first five years payable annually in arrears in cash or in shares at the option of the company. The price against which the securities can be contributed is €5.776 (or $7.928715 at EUR/USD exchange rate of 1.3727) per common share.
Transas Upgrades Training Center in Jordan
Transas Middle East has won a contract to re-equip and expand Jordan Academy for Maritime Studies (JAMS) with new maritime simulators. The project includes relocation…
New European Regs on Ship Recycling
The new European Regulation on ship recycling (Regulation (EU) No 1257/2013) was published on December 10, 2013 in the Official Journal of the European Union and…
LCS 6 Launched at Austal
The future USS Jackson (LCS 6) launched from the Austal USA shipyard in Mobile, Ala., Dec. 14, marking a production milestone for the littoral combat ship program.
Safe Harbor Unveils Online Broker Portal
In the first phase of a new website rollout, Safe Harbor Pollution Insurance (SHPI) delivers the ultimate in electronic convenience with its My Harbor broker portal.
Nordic Maritime Exercises Option to Subscribe Further Shares
In light of the development of Nordic Shipholding A/S's cash position, as announced by the company in company announcement no. 11/13 published on December 13, 2013…
Offshore Brazil: The Libra Field & Brazil’s Pre-Salt Policy
Brazil’s Libra pre-salt field, in Block SS-AUP1 in the Santos Basin, with estimated recoverable oil volumes of 8-12 billion barrels of oil equivalent (BOE) and in…
Floating Production Systems: Market Update
Currently, 319 oil/gas floating production units are now in service, on order or being remarketed for reuse. FPSOs account for 66% of the existing systems, 73% of systems on order. Another 25 floating LNG processing systems are in service or on order. Liquefaction floaters account for 16%, regasification floaters 84%. No liquefaction units are yet in service – all 4 are on order. In addition, 102 floating storage units are in service, on order or available.
NJ Governor Christie: $11M Ferry Building Deal for Tuckahoe Shipyard
New Jersey Gov. Christopher Christie, State Sen. Joseph Kyrillos, Monmouth County Freeholder Director Thomas Arnone, NY Waterway President & Founder Arthur E. Imperatore and Yank Marine President & Founder John C. Yank Jr. of Tuckahoe today announced an $11 million contract to build two state-of-the-art ferries, the first NY Waterway ferries built in the Garden State since the Weehawken-based ferry service started service December 3, 1986.
Agip Rebrands as Eni Powers Ahead in North America
Agip has recently rebranded as Eni, while simultaneously announcing plans to increase penetration of its lubricant brands in North America across all industries. Gianfranco Mosconi (above) President and CEO of Eni USA R&M Co., shares the vision behind the strategy. Gianfranco Mosconi, with a Bachelor in Civil Engineering and a Master’s in Hydraulic Engineering, has been working for Eni since 1984.
Diana Containerships Sells M/V Spinel for Scrapping
Diana Containerships Inc. (Nasdaq:DCIX) signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the…
Lukoil: Cylinder Oil to Reduce Wear, Consumption
Lukoil Marine Lubricants reports that it has expanded its sales in the 2012 business year by 74% to around $200m. Established in 2008, the subsidiary of Russian…
Ultramax Bulk Carrier Delivered to STAR
Star Bulk Carriers Corp. (Nasdaq: SBLK) took delivery of M/V Star Challenger (formerly M/V “Supra Challenger”), a 61,462-dwt Ultramax bulk carrier of built in Japan…
