Wärtsilä Profitable in Challenging Q3 2013 Market
"Our operations developed in line with our expectations during the third quarter. Net sales grew by 11% to EUR 1,209 million and profitability was 11.4%. With better visibility on net sales development, we specify our sales growth guidance to 0-5%, while our profitability estimate remains unchanged at around 11%," commented Björn Rosengren, President and CEO. Rosengren continued: "Uncertainties in…
Sponsor Bonnie Amos Revisits LPD 27 at Ingalls Shipbuilding
Huntington Ingalls Industries' Ingalls Shipbuilding division hosted Gen. James Amos, commandant of the U.S. Marine Corps, and ship's sponsor Mrs. Bonnie Amos to meet with shipbuilders on the amphibious transport dock Portland (LPD 27). "Today, I thanked the Ingalls shipbuilders who are building LPD 27, and I got a promise from every one of them that this will be the very best ship in the fleet," said Mrs. Amos, who visited Ingalls for the ship's keel-laying ceremony in August.
Enso Report Record Earnings, Revenues in Q3 2013
Offshore drilling rig owners Ensco plc record revenues of US$1.3-Billion in their third quarter 2013 financial report. Chairman, President and Chief Executive Officer Dan Rabun stated…
Death Knell for NOAA Traditional Paper Nautical Charts
NOAA’s Office of Coast Survey has announced major changes ahead for mariners and others who use nautical charts. Starting April 13, 2014, the federal government will no longer print traditional lithographic (paper) nautical charts . NOAA will continue to provide other forms of nautical charts, including Print-on-Demand paper charts as well as electronic and digital formats. Since 1862, those lithographic…
Navy Opts for Xerox Aboard Long-term
The U.S. Navy has awarded Xerox a ten-year contract worth US$94-million for the onboard document needs of its vessels worldwide. The Navy will look to Xerox for the installation…
Crowley Raises Market Funds Mainly for Newbuild Program
Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The…
Chemical Tankship Cargo PIB Decided Category 'X'
IMO’s Working Group on the Evaluation of Safety and Pollution Hazards of Chemicals (ESPH 19), meeting at IMO Headquarters from 21 to 25 October, 2013, has agreed to classify high-viscosity PIB (Polyisobutylene) as category X for carriage by ship, thereby prohibiting the discharge of cargo residues into the sea. The categorization and carriage requirements for high-viscosity PIB will be included in the annual MEPC.2/Circular on the Provisional categorization of liquid substances…
Latest on Greenpeace Arctic Protest Aftermath
Russia boycotts ITLOS arbitration concerning their siezure of the Dutch-flagged 'Arctic Sunrise', and Greenpeace responds to reports that piracy charges against…
Navy's First Supercarrier Sold for a Penny
The U.S. Navy sold the 1,067-foot behemoth 'USS Forrestal' to a Texas company, All Star Metals, to be dismantled, scrapped and recycled, an inauspicious fate for a ship with a colorful and tragic history, reports Fox News, citing a Navy announcement. USS Forrestal is perhaps best known for a 1967 incident in which stray voltage triggered an accidental explosion that struck a plane on the flight deck whose cockpit was occupied by a young John McCain.
OceanGate Dives on Black Elk Energy's 'Idle Iron'
Deep-sea manned submersible operations provider, OceanGate, has completed a series of dives in the Gulf of Mexico to observe the ecological impact of decommissioned oil platforms on ocean life using the 5-person manned submersible Antipodes. This expedition was part of an initial study related to the "Rigs to Reefs" program, a critical issue in the decommissioning of platforms in the Gulf of Mexico and around the world…
Need for Latin American Transport Infrastructure Investment Highlighted
TT Club’s Senior Underwriter, Dan Negron, speaking at the recent TOC Americas Conference in Miami outlined his views on future Latin American trade growth and the pressures that this will create on the region’s transport infrastructure. “Two examples of robust economies are Colombia and Peru. The latter has grown its export trade by a multiple of five over the last decade, while Colombia has a sustained GDP growth rate in the region of 5% in recent years.
International Conference Unanimous That Arctic Code is Needed
The Russian Maritime Register of Shipping (RS) recently hosted a St. Petersburg international conference 'Arctic Shipping and Offshore Activities: Responding to Safety and Environmental Challenges' . The conference was attended by key figures with interests in Arctic develoment, including the Secretary-General of the International Maritime Organisation (IMO) Mr Koji Sekimizu. The international maritime…
Matson Set Date fo Q3 2013 Financial Release
The Board of Directors of Matson, a leading U.S. carrier in the Pacific, announced that it will release its financial results for the Third Quarter 2013 on Wednesday, November 6, 2013. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for the third quarter through a conference call that will occur after financial results are released. The earnings conference call is scheduled at 4:30 p.m. EST/1:30 p.m.
Dan-Bunkering Dips a Toe in Brokering
A/S Dan-Bunkering Ltd., is slowly expanding into a new area, the broker business, by setting up a small in-house broker department in the company’s head office in Middelfart, Denmark.
Eastern Delivers another Vessel to Hornbeck Offshore
Eastern Shipbuilding Group, Inc. announce that on Thursday October 10, 2013, the M/V HOS Red Rock (Hull 202) was delivered to Hornbeck Offshore Services, LLC. The HOS Red Rock was launched on April 19, 2013. Hornbeck’s first vessel, the HOS Red Dawn (Hull 201), was delivered on June 21, 2013 and is currently servicing offshore drilling operations in the U.S. Gulf of Mexico. Hornbeck’s third vessel the HOS Renaissance (Hull 203) and is currently at Eastern completing final outfitting…
SOCP Annual Fall Meeting & 20 Year Anniversary Event
The SOCP cordially invites the maritime community to attend the SOCP Annual Fall Meeting, celebrating 20 Years of Collaboration & Innovation to Improve the U.S. Maritime Industry . This event will be held at MITAGS-PMI-CCMIT, 692 Maritime Boulevard, Linthicum, MD 21090 on November 6-7, 2013 . A high caliber line up of speakers h ave been invited to this exciting event, including Mr. Paul N. Jaenichen, Sr, Acting Maritime Administrator of MARAD and Rear Admiral Joseph A.
Lost Vessel Rescued by U.S. Navy Ship
Guided-missile frigate USS Rentz (FFG 46) and embarked U.S. Coast Guard Law Enforcement Detachment (LEDET) conducted a Safety-of-Life-at-Sea operation rescue Oct.
Life at Sea: It’s None of My Business
The challenges faced by seafarers whilst working on board ships has been highlighted in a short film by Harriet Grecian about the work of seafarer welfare organization Apostleship of the Sea. The video offers a candid view of life at sea and how AoS provides pastoral and practical support to seafarers in difficulties. While ship visiting, AoS Tyne port chaplain, Paul Atkinson speaks to crewmembers about their jobs, which often involves eight-hour days, seven days a week and up to a year at sea.
Riva to Serve as ABS Chief Surveyor
ABS Chairman and CEO Christopher J. Wiernicki announced the appointment of Joseph "Joe" Riva to the position of ABS Vice President and Chief Surveyor. This role is responsible for guiding and overseeing all ABS survey activities, applying a strong knowledge of ABS Rules and Guides and international regulations to create consistency and quality in service delivery. Riva will succeed Linwood "Lenny" Pendexter, who has held the position for ten years.
New Portable Combustion Gas and Emissions Analyzer
The new E8500 industrial combustion analyzer from E Instruments is a complete portable tool for EPA compliance level emissions monitoring and testing. According to the manufacturer, the E8500 is suited for regulatory and maintenance use in boiler, burner, engine, turbine, furnace and other combustion applications. The analyzer features up to nine gas sensors and has capabilities for wireless communication with computers and other windows devices.
