Kongsberg Demonstrate Powerful Compact Multi-beam Sonar
At the Muiderzand marina in The Netherlands, Kongsberg customers gathered for a working demonstration of the EM2040 Compact multibeam system on board the survey vessel ‘Havenschap 1’. The Havenschap 1 is equipped with a moon-pool mounting configuration to accommodate the EM2040C single sonar head together with a dual frequency single beam transducer; a proven concept and easy to install. The demonstrations took place over different areas including…
Taiwan’s Wisdom Shipping: London’s Largest Asian IPO to Date
Wisdom Marine is one of the largest bulk ship owners in Taiwan with a market capitalisation of US$490-million, which represents the largest Asian IPO by market capitalisation in London to date in 2013, say law firm Proskauer . It is also the first company in the region to issue GDRs on London’s Main Market. Global law firm Proskauer advised Wisdom Marine Group in its initial public offering of Global Depositary Receipts (GDRs)…
Vietnam Shipping Firm Corruption Trial Opens
The Hanoi People's Court in Vietnam's has opened a three-day hearing of the corruption charge against former chairman of Vietnam's National Shipping Lines (Vinalines) Duong Chi Dung and 9 others…
Diamond S. in CarVal Investment Fund Product Tankers Deal
Diamond S Shipping Group inform they have acquired three modern medium-range clean product tankers from funds managed by CarVal Investors. In the transaction, a group of funds managed by CarVal became a significant investor in the Diamond S clean product tanker business, and Ranjit Ahluwalia, managing director of CarVal, joined the Diamond S Board of Directors. Founded by Cargill Inc. in 198, CarVal Investors is a global investment fund manager. “With refined product exports from the U.S.
Huge Offshore Turbine Blades Arrive at Test Center
Manufacturers Vestas have sent three 80-meter blades for what they describe as the world's most powerful offshore wind turbine, Vestas V164-8, to the Danish National Test Center for large wind turbines in Østerild. The arrival of the blades means that all essential parts for giant turbine now in place at the test center, and the unit is expected to deliver its first power in early 2014. The blades were manufactured in the Isle of Wight…
American NW Ports Set Marine Emissions Goals
The ports of Seattle, Tacoma and Metro Vancouver, Canada, aim to cut diesel emissions by 75 percent per ton of cargo moved by 2015 and 80 percent by 2020, from a 2005 baseline. Factoring in projected cargo growth, this will result in overall reductions of 70 percent by 2015 and 75 percent by 2020. The ports also set a goal to reduce greenhouse gases by 10 percent by 2015 and 15 percent by 2020 per ton of cargo moved.
Livestock Carrier Delivered by China Shipyard
COSCO (Guangdong) Shipyard Co. a subsidiary of the COSCO Shipyard Group say they have delivered a 4500 cu.m specialized livestock carrier, “Ganado Express” to the European buyer. The new vessel measures 134.8 meters in LOA, 19.6 meters in breadth and 9.6 meters in depth. COSCO Corporation has one of the largest ship repair, ship building and offshore marine engineering operations in China. A diversified group with activities also in dry bulk shipping…
DSME Delivers Vessel to Atwood Oceans
Atwood Oceanics, Inc. announced today the delivery of the Atwood Advantage from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea.
Ben-My-Chree Orders SOLASOLV Screens
U.K. based Solar Solve Marine received an order to supply 12 SOLASOLV class approved roller screens to the Ben-My-Chree Ro-Pax ferry. The vessel is owned and operated by Isle of Man Steam Packet Company and operates from Douglas to Heysham. Built by van der Giessen de Nord shipyard in the Netherlands at the cost of £24 million, the ship entered into service in 1998 and can carry 636 passengers and up to 200 vehicles.
Former NCIS Director Named Advisor at Ridge Global
Tom Ridge, President and CEO of Ridge Global, an international provider of security and risk management services, today announced that Thomas Betro, former Director of the Naval Criminal Investigative Service (NCIS), and VP at NTT DATA, has joined as an advisor. Betro will work closely with Ridge Global’s Flag Bridge strategic maritime team to help guide the expansion of a global maritime criminal investigation service.
Coast Guard Receive New Response Boat in N.C.
The crew of Coast Guard Station Hobucken, N.C., received a 45-foot Response Boat - Medium Thursday, the 144th of 170 RB-Ms being delivered to the service. The RB-M replaces the 41-foot Utility Boat, which has been the Coast Guard's workhorse of the fleet for more than 25 years. The RB-M's top speed of 49 miles per hour gets the boat’s crew to the scene faster and reduces crew fatigue. The new design includes a full cabin to protect the crew from the elements…
EPA Offers $4 Million in Grants for Clean Diesel Projects
EPA is announcing the availability of $4 million in grant funding to establish clean diesel projects aimed at reducing emissions from marine and inland water ports…
USCG Issues Fines for Tank Response Plan Noncompliance
The Coast Guard has issued monetary penalties to three vessel operators in violation of federal regulations related to tank vessel response plan requirements. The vessels Pacific Galaxy…
TORM Confirms Product Tankers Sale
On November 29, 2013, TORM announced an agreement in principle to sell four MR product tankers to entities controlled by Oaktree Capital Management. All necessary approvals have now been obtained…
Willard Contracted for 42 U.S. Army SOLAS Rescue Boats
Willard Marine, a 56-year-old builder of composite and aluminum boats, has received a contract to supply 42 rescue boats for U.S. Army supply ships and landing craft. Under the contract, awarded by the U.S. Army Contracting Command in Warren, Michigan, Willard Marine will deliver 16-ft. rigid-hull inflatable boats (RIBs) for eight Logistic Support Vessels (LSV) and 34 Landing Craft Utility (LCU) vessels. The boats will be built at the company’s plant in Southern California.
Sea Star Line, TOTE Leadership Changes
Effective January 1, 2014, Sea Star Line (SSL) President Peter Keller will become Executive Vice President of Sea Star Line’s parent company, TOTE, Inc. In this new capacity he will assist in the oversight of both TOTE Shipholdings and the TOTE Maritime Division, which includes Sea Star Line and Totem Ocean Trailer Express (Totem Ocean). Keller joined TOTE in February of 2012 as President of Sea Star Line and has been leading the conversion of the company’s fleet to Liquefied Natural Gas (LNG).
ITIC: Broker Follow-up Vital in Fluctuating Markets
ITIC says that the failure of shipbrokers to follow up on time-sensitive messages can have serious financial consequences, particularly in fluctuating spot markets. In its latest Claims Review, ITIC cites the case of a ship fixed for a trip time charter for two voyages, with an option for a third. The option was to be declared by the charterers on completion of loading for the second voyage. The fixture had been negotiated through brokers in two different offices of the same company.
Registration Open for Oceanology International
Registration for the largest-ever Oceanology International (ExCeL London, March 11-13, 2014) is now open at oceanologyinternational.com. With 520 exhibitors from 35 countries taking up over 8…
PPG Greece Holds Coatings Customer Training
PPG Industries’ new operation in Greece has conducted its first-ever customer training initiative, with 55 customers from 25 Greek shipping companies attending the one-day event last month. Held at the new facility in Acharnai - Athens, PPG’s sales team took customers on a tour of the new training centre, giving them the opportunity to familiarise themselves with new product developments from PPG’s protective and marine coatings business.
Louisiana Cargo Transfer Terminal Approved
Approval clears way to create nation’s largest deepwater containerized cargo transfer terminal, enhancing U.S. competitiveness as Panama Canal expands. Transshipment facility off Louisiana coast intended to improve America’s strained shipping infrastructure, streamline international trade flow and create long-term jobs in 32 states. Louisiana State Senator A.G. Crowe’s vision of making America more…
