China's Pingtan to Buy 46 Fishing Vessels
Pingtan Marine Enterprise Ltd. an integrated marine services company providing territorial sea fishing and dredging services in the People's Republic of China (PRC), has expanded its fleet, signing of a 'Master Agreement' to purchase 46 fishing trawlers in a transaction totaling approximately $410.1 million. After a thorough third-party appraisal process, the Master Agreement was signed between Pingtan and Fuzhou Honglong Ocean Fishery Co.…
Oceaneering Charter 'Normand Flower' for Three Years
Oceaneering International, has chartered the 'Normand Flower', a Solstad Offshore multi-service subsea support vessel. The charter term is expected to commence during the fourth quarter of 2013 upon arrival of the vessel for work in the Gulf of Mexico (GOM). Prior to commencement of the charter, the Normand Flower will undergo modifications to enhance its project capabilities, including reconfiguration to accommodate two Oceaneering, high-specification, work class ROVs.
China Yard Launches Mult-parcel Chemical Tankship
Mingde Heavy Industry has launched what it says is the biggest stainless steel inner-hulled chemical tanker ever built in Asia. The length of this vessel is 183m, 28.4m in breadth and 15.2m in depth, and a loaded draft of 10m. The vessel is powered by a low speed diesel engine driving a single propeller for unrestricted navigation, with a dead weight tonnage of 30,000T. This tanker can carry 28 parcels of chemicals, and all of its inner hull for cargo is 2205 duplex stainless steel.
NNS Celebrates USS Enterprise's Final Homecoming
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division welcomes back the carrier for inactivation. Towed from Naval Station Norfolk to the shipyard, Enterprise had more than 100 shipbuilders on board who were involved with the construction and maintenance of this first nuclear-powered aircraft carrier. "Enterprise set the stage for a long and distinguished career that transformed the U.S.
Argentine Union Warns ITF Certificate Obligatory for Bahia Banca Entry
The UK P&I Club’s Argentinian Correspondents have advised that the local Maritime Workers Union (SOMU) have issued a note stating that they will not allow the entrance…
China Yard Gets Seadrill Jack-up Rig Orders
Seadrill Limited contracts with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China for the construction of two high specification jack-up drilling rigs. The newbuild rigs are scheduled for delivery during the fourth quarter of 2015 and the first quarter of 2016, and the total project price per rig is approximately US$230 million (including project management, capitalized interest…
Boskalis Win New Russian Port Contract
Royal Boskalis Westminster N.V. (Boskalis) announce a contract award for the the Bronka Port project in St Petersburg. The contract was signed at the St Petersburg International Economic Forum in attendance of the Russian Deputy Prime Minister Mr. Arkady Dvorkovich and the Prime Minister of the Netherlands Mr. Mark Rutte. The project involves the reclamation of land for the construction of the new port facility 'Bronka' in St Petersburg.
China's CIC Changxing Shipyard Repairs 'Thor Enterprise'
The 42,529 dwt bulk carrier owned by Thor Shipping, Bangkok, Thailand, sailed from the yard after the 16 days scheduled for extensive repair work and hull coating.
MOL Announce Latest KPI Results
MOL (America) Inc. announces May 2013 KPI results, betters targets in majority of categories. MOL (America) Inc. announces the May 2013 results of its Regional Key…
Windea Signs LOI for Damen Fast Crew Supplier
At the recent Windforce 2013 exhibition in Bremerhaven (Germany) Windea Offshore Group signed a Letter Of Intent (LOI) with Damen Shipyards Group for a new Fast Crew Supplier, a Twin Axe catamaran for the Offshore Wind industry. A typical feature of the FCS 2610 is the double Damen Sea Axe bow which creates a large uptime-window, amongst others by reducing slamming up to 70%. Windea Offshore is currently expanding its Offshore Wind activities…
Arctic Holds Boatloads of Shipping Potential
The Arctic region is notorious for relentlessly harsh climates that make shipping operations grueling. But despite the many limitations these conditions present, Leiv Lunde, Director, Fridtjof Nansen Institue, says the outlook is optimistic for the Arctic maritime industry 10-20 years down the road. Lunde presented “Asia’s Rise, Arctic Change and Energy Trade: Myths, Realities and Implications for the Shipping Industry” at the 26th annual Marine Money Week in New York on Wednesday June 19.
Today in U.S. Naval History: June 20
Today in U.S. 1813 - Fifteen U.S. gunboats engage three British ships in Hampton Roads, Va. 1815 - Trials of Fulton I, built by Robert Fulton, are completed in New York.
Coast Guard Receives 126th Response Boat
The crew of Coast Guard Station Wrightsville Beach accepted delivery of the station's newest asset, a 45-foot Response Boat - Medium, which represents the 126th boat in a fleet of 170 being delivered to the service. The RB-M will replace the aging fleet of 41-foot Utility Boats (UTB) and assorted non-standard boats being used at Coast Guard stations throughout the country. The UTB has been a workhorse at Coast Guard stations for more than 25 years…
Teledyne Seeks Speakers for AiA Conference
Teledyne RDI said it would like to implement three lightning round sessions at this year’s ADCPs in Action (AiA) Users’ Conference, which is scheduled to take place in San Diego, Calif.
Panama Canal Reinforces Tug Fleet for Expansion
The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said.
Connor Named President & CEO of Wallenius Wilhelmsen
After six years as President & CEO of Wallenius Wilhelmsen Logistics (WWL), Mr Arild B. Iversen is moving into a new role as consultant to the parent companies and WWL. Christopher J. Connor, currently Deputy CEO & Chief Commercial Officer, will take over at the helm. Mr. Connor starts as President & CEO on June 21 and will be located at the company’s headquarters in Lysaker, Norway. With over 32 years of experience in the logistics industry, Mr.
Risky Business
Underwriting your newbuild program is only one half of the sea passage. That’s because the construction phase is fraught with danger. Congratulations! You’ve run the due-diligence/underwriting gauntlet successfully and now you have your lender’s credit approval in hand. You are satisfied with the terms and conditions of the loan or lease and the lender or lessor is happy with you. Don’t celebrate quite yet, though. You are only about half of the way home.
One Step Closer to Hull and Propeller Measurement Standards
Jotun released a statement welcoming action taken by the International Standards Organization to mobilize an expert group to start work on a common industry standard…
U.K. Shipping Minister Addresses Global Maritime Race
Shipping Minister Stephen Hammond MP has just returned from a Greek-British Shipping Forum where he addressed Greek businesses. Here he writes, exclusively for Maritime U.K., on the success of the event and the importance of Britain’s growing shipping industry. I was pleased to be invited to give the opening speech at the Greek-British Shipping Forum in Athens on Monday, alongside the Greek Maritime Minister Mr. Mousouroulis.
Statkraft, Norfund Agree to Further Cooperation
Statkraft and Norfund have signed an agreement expressing their intention to restructure and prolong their cooperation within renewable energy. The aim, they said…
