Panama Institutions to Close for Independence Day
From the evening of Friday, November 29 until Monday, December 2, inclusive, all banks and public institutions in Panama will be closed for the Independence Day Holidays.
EU to Strengthen Sweden-Finland Multimodal Transport
The European Union will support with just over €6.1 million from the TEN-T Program a project to upgrade the transport link between northern Sweden and western Finland…
EPA Tier 4 Emission Regulations
Implications on U.S. The next round of emission regulations will bring significant impacts to the design, construction, and operation of U.S. commercial and government vessels starting in 2014. The impending EPA Tier 4 regulations directly apply to high and medium-speed diesel engines used in workboats, ferries, small cargo ships, and government vessels. These regulations represent the most significant reduction of marine emission levels to date…
U.S.-Flag Cargo Movement Up on Great Lakes
U.S.-flag Great Lakes freighters (lakers) carried 9.8 million tons of dry-bulk cargo in October, an increase of 14.4% compared to a year ago. The total was also slightly ahead of October’s long-term average, but 1% below the 9.9 million tons the fleet moved in September. U.S.-flag lakers moved 4.4 million tons of iron ore in October, 73.7% of all ore moving on the Lakes/Seaway that month. The 4.4 million tons represent a 15.8% increase over a year ago…
Hamburg Cruise Port Marks 500,000 Passengers
The Hamburg Cruise Port said it reached the 500,000 passenger mark in a single season. The port anticipates further growth forecast for 2014, with the 200th ship in sight. “The visit by the Queen Mary 2 to Hamburg on November6, 2013 will go down in the annals of Hamburg’s cruise industry and become an unforgettable ship’s call for everyone concerned,” said Frank Horch, Senator of the Ministry for Economic, Transport and Innovation Affairs.
GE to Retrofit Gas Turbines on Eight U.S. Navy Vessels
GE Marine reported that the United States Navy has ordered eight Digital Fuel Control (DFC) kits for LM2500 marine aeroderivative gas turbines. The DFC kits provide for improved gas turbine reliability and maintainability, yielding lower maintenance and reduced long term costs. The eight LM2500s, to be retrofitted, will power U.S. Navy DDG Arleigh Burke-class destroyers. The DFC kits incorporate the…
Seagull Launches New eLearning Titles
Maritime training provider Seagull announced the release of nine new eLearning titles. The fourth quarter release includes titles covering Electrical safety, Galley operations – nutrition…
Odfjell Records Steady Q3 Earnings
EBITDA of $37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter. For the chemical tankers business, activity…
Eni: New Fixed Rate Bond Offering
Eni has mandated Barclays, Goldman Sachs International, Mediobanca, Morgan Stanley, Société Générale and UniCredit Bank as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 8 year bond offering and for the tap of its 12 year bond issued last September, both issued under its existing Euro Medium Term Notes Program. The bonds are to be issued within the framework of the Euro Medium Term…
EU Backs Study Methanol Marine Fuel Study
The European Union will support with €11.2 million from the TEN-T Program a study followed by real life trials to look at the use of methanol as a possible maritime fuel of the future.
Continued Support from MOL in the Philippines
Mitsui O.S.K. Lines, Ltd. (MOL) announced another effort to assist those affected by the typhoon in the Philippines. MOL executives and employees have organized…
China's CNOOC Place Large Scana OSV Propulsion Systems Order
Scana Industrier has through its Norway-based subsidiary Scana Propulsion signed contracts with a value around 50 million NOK in second half 2013. The orders are related to delivery of propulsion systems for offshore vessels within China. The contracts are signed with companies within the CNOOC group and includes delivery of gear, propellers, remote controlling and tunnel thrusters for Anchor Handling Supply Vessels and Oil Recovery Vessels. Delivery will be during second quarter 2014.
Russia, South Korea, Discuss Northern Sea Route Cooperation
At a meeting with Russian President Vladimir Putin, the President of the Republic of Korea in Seoul, Park Geun-Hye discussed mutual cooperation in the development of the Arctic, reports 'Arctic-Info'. In a joint statement the leaders pointed out that as the Republic of Korea has official observer in the Arctic Council, the parties agreed on mutual cooperation in the development of the Arctic, its study…
Crowley Award US$10,000 Alaska Fairbanks Scholarships
Crowley Maritime Corporation recently awarded four Thomas B. Crowley, Sr., Memorial Scholarships to University of Alaska Fairbanks (UAF) students Alexandra Bateman, Gabrielle Bragg, Diloola Erickson and Kimberly Greenway. These students were chosen for their outstanding academic records and having met other scholarship criteria. They each received $2,500 toward tuition. Preferences for Crowley-funded…
Bulk Carriers, Baltic Trading, Have Confidence, Invest in New Ships
Baltic Trading Limited has ordered two 64,000 dwt Ultramax newbuildings for an aggregate purchase price of $56.0 million. The Company also has an option exercisable…
Emergency Fast Blackout Re-start in New Maersk Jack-ups
At the request of Maersk Drilling, MAN Diesel & Turbo and Doosan, who respectively designed and built the engines for the new drillships, have managed to optimise the engines so that they offer an unprecedented starting time for emergency start scenarios. The ngines can now start in less than 10 seconds – more precisely, in 8.5 seconds – which is extremely fast compared to the standard starting time of 30-40 sec. The fast start mode will only be activated during emergency situations, i.e.
Tankship Owner, Gulf Navigation Group, in Dire Straits
The Dubai-based shipping company Gulf Navigation has posted a loss of Dh614.3-million in Q3 2013 attributable to a Dh292.8m impairment of goodwill and a write-off of Dh308.6m of the value it expected to receive for the sale of its two very large crude carriers (VLCCs). The Group's condensed consolidated interim fmancial infonnation has been prepared on a 'going concem' basis, however, given the conditions…
Three Ports Sign MOU on LNG Bunkering Procedures
To harmonise the procedures related to liquefied natural gas (LNG) bunkering in order to facilitate the acceptance of LNG bunker for shipping. To exchange information on matters related to LNG as a shipping fuel, such as LNG infrastructure, communication to stakeholders, accreditation of bunkering operators. To exchange information pertaining to bunkering procedures and regulatory framework. To identify common areas of interests to set up joint research and development programmes.
Piracy Cost & Solutions on Agenda at Upcoming Capetown Summit
Some 600 maritime and naval experts are to meet in Cape Town from 25-27 November, 2013, to discuss the price of piracy in Africa and the institutional and technical solutions available during the annual Maritime & Coastal Security Africa conference and exhibition. It is the largest maritime defence and security event on the continent, say the organisers. What does poor maritime security cost each year?
NY Waterway Ferries Fit Video Surveillance System
The 8 million annual passengers that travel the New York Harbor on NY Waterway ferries now do so more safely with a system that includes hundreds of Interlogix IP and analog cameras, transmitting from moving ferries to a land-based security command center via a fast-roaming wireless mesh network based on multiprotocol label switching (MPLS) by Fluidmesh Networks. NY Waterway is the nation’s largest privately owned commuter ferry company…
