Companies Offered 6% Share of Aker Solutions
Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA to explore the opportunity to acquire approximately 16.5 million shares (roughly 6% of the share capital) in Aker Solutions ASA, but with the possibility for Aker ASA at its full discretion to increase or decrease the number of shares to be acquired. The offer is carried out through a book building process. The managers will gather and accumulate sales orders from existing shareholders.
Teledyne Opens Technology Development Center
Teledyne Oil & Gas, a business unit of Teledyne Technologies Incorporated, announced today that it held a Grand Opening celebration of its new 52,000-square-foot…
Underwater PBCF Installations Bring Fuel Savings
Last month Hydrex installed Propeller Boss Cap Fins (PBCF) on two tankers during their respective stops in Ghent and Antwerp. As a result of the underwater operation, the ships will not have to wait for their next drydock visit to start benefitting from the fuel savings the PBCF’s will bring them. The Propeller Boss Cap Fins (PBCF) is a device for propeller efficiency improvement developed by Mitsui O. S. K. Lines, Ltd.
Novacavi Cables Used for Concordia Wreck Removal
Novacavi reported a second supply of marine cables used in the Costa Concordia shipwrecking salvage operation off the shore of the island of Giglio, Italy. As the…
University of North Texas Wins IANA Competition
A student team fielded by the University of North Texas (UNT) won the Intermodal Association of North America’s (IANA) third annual Intermodal Challenge, earning national recognition for their university through IANA’s growing young professionals development program. The first place award was presented to UNT’s Curtis Pogue, Sarah McLaughlin and Chris Turner at the Intermodal Expo in Houston, Texas.
More Matson Rates to Increase
Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands (CNMI) and Micronesia services by $275 for both westbound and eastbound containers, effective January 26, 2014. The increase will be filed with the Surface Transportation Board and the Federal Maritime Commission.
Phoenix Launches EcoMod LED Floodlight
Phoenix Products Company, Inc. launched the EcoMod Series. The EcoMod LED floodlight offers 150 and 300W models with light outputs of 12,500 and 25,000 lumens, respectively. Available optical packages range from wide flood to narrow spot optics to accommodate any application. The EcoMod Series utilizes exclusive EcoVent Technology that extends the life of the fixture by allowing heat, water,and debris to flow between the modules.
Two Maersk Vessels Honored for Rescue Operations
Two Maersk Line Ltd. ships have been honored with Mariners’ Plaques for performing rescues at sea. The awards to the officers and crews of the containership, Maersk Utah, and the oceanographic survey vessel, USNS Bowditch, were presented at the Admiral of the Ocean Seas (AOTOS) award dinner on Friday, November 15 in New York. AOTOS is the maritime industry’s highest award and is the main fundraiser…
Crude Tanker Market: Could this be right?
VLCC rates of $60,000/day triggered a deeper dive in crude tankers, so DNB Markets (Shipping) looked into ~66,000 fixtures. With increased interest in the crude…
Solid Bulk Cargos Safety Guide Now in Chinese
International Maritime Solid Bulk Cargos (IMSBC) Code pocket checklist will be available at Marintec 2013 next week. Lloyd’s Register, UK P&I Club, and Intercargo produced a pocket guide and checklist earlier this year for ships’ officers and agents who arrange cargos for loading. When bulk cargos shift, liquefy, catch fire or explode due to poor loading procedures, the consequences can be critical – ships could capsize, lose stability or sustain severe structural damage.
VEEM Appoints SAIM Gyro Range Sales Agent
Following the signing of a memorandum of understanding (MOU) earlier this year, VEEM Ltd. has now agreed territories and principle responsibilities with the Italian marine equipment distributor SAIM Group. SAIM Group will be responsible for increasing awareness of the Australian engineering firm’s latest developments in gyro stabilization technology, whilst driving sales of the latest VEEM Gyro products across Central Europe.
Knudsen Named Pesident, Rolls-Royce Offshore
Rolls-Royce has appointed John Knudsen as President - Offshore, in its Marine business. Knudsen will transition into his new role through January 2014. Mr. Knudsen is currently President of Bergen Engines AS. He has had a key role in transforming Bergen Engines during the divestment from Rolls-Royce Marine and integrating it into the Tognum Group. Tognum AG is a joint venture of Rolls-Royce and Daimler.
New Canadian Tugboat Protected with Ecospeed
When it came to the hull coating for its newest tug, the TundRA 100, the most powerful harbor tug ever to be built in Canada, Group Ocean chose Ecospeed, a nontoxic, hard, long-lasting coating with very high abrasion resistance, suited to tugs and to ice-going vessels of all types. Ocean began life as Aqua-Marine, founded by the company’s present President, Gordon Bain, in 1972 and specializing in underwater work. In 1987 the company evolved into Ocean Construction Inc.
Dubai Maritime City Partners with Norwegian Salmon Company
Maritime cluster Dubai Maritime City has announced its partnership with SalMar ASA, a Norwegian salmon farming company. The Dubai Cooperative Society for Fishermen, a Dubai government entity is supporting the new partnership. The venture is reportedly a "first-of-its-kind" in Dubai and proposes to build a state-of-the-art salmon house in the Emirate. Dubai Maritime City (DMC) has been supporting the specific needs of Fishermen collaboratively with the Dubai Cooperative Society for Fishermen.
Tug Sinks Spills Oil Fuel, Upper Mississippi River Section Closed
The 144-foot towboat 'Stephen L. Colby
' struck a submerged object near LeClaire and sank. At the time of the sinking, nine crewmembers were aboard and all were able to make it to safety…
When Will New Arctic Maritime Crossroad Open?
Rear Adm. Jon White, 
Oceanographer & Navigator of the Navy, Director Task Force Climate Change, was tasked by the Chief of Naval Operations (CNO) Adm. Jonathan Greenert to provide an unambiguous assessment of how ice coverage will change in the Arctic and how human activity in the Arctic will change in response to decreased ice coverage and other factors. "The loss of seasonal sea ice in the Arctic will have ramifications for the U.S.
European Container Ship Owners Under EU Fair Competition Spotlight
The European Commission has opened formal antitrust proceedings against several container liner shipping companies to investigate whether they engaged in concerted practices, in breach of EU antitrust rules. The news comes at a less than fortunate time for the three largest European container shipping companies, Maersk Line, MSC and CMA CGM, who currently have an application for collaboration between them lodged before fair competition authorities in the EU, U.S. and China
.
World Shipping (China) Summit 2013 Hosted by HK Company
"World Shipping (China) Summit 2013" held in Ningbo, focused on the theme 'Responding to New Realities' with Hong Kong-based terminal & shipping group China Merchants Holdings International Co. (CMHI) acting as its special sponsor in conjunction with COSCO. The summit, whose members were not precisely identified in news released of the meeting, addressed special concerns on the impact caused by China's economic restructure of the shipping industry…
Lost NZ Ferry Propeller Found 120m Down in Cook Strait
The propeller had been lost earlier this month from the Interislander ferry, the 'Aratere', which is expected to be out of service for 6 months as a result, but the propeller has now been found in Cook Strait by Seawork Salvage Co., contracted by KiwiRail, reports Radio New Zealand. The propeller was discovered about two nautical miles from Tory Channel, by using sonar equipment and an unmanned vehicle.
Tognum Ground-break New A-P Singapore HQ
Tognum's new enlarged Asia-Pacific headquarters in Singapore will consolidate the areas of application engineering, sales and service support, distribution management, marketing and communications under one roof, bringing together all business functions and over 300 staff members into one new facility. In 1974, MTU, a Tognum brand, chose Singapore to be its home in Asia and since this time, the country has become an intrinsic part of Tognum’s regional corporate DNA.
