Allianz: Shipping Losses Decline but Risks Remain
![Tim Donney, Global Head of Marine Risk Consulting.](https://images.marinelink.com/images/maritime/w100h1500/tim-donney-global-head-of-24359.jpg)
Shipping losses decline, but emerging risks pose serious challenges to marine industry, according to Allianz study. 94 large ships lost worldwide in 2013, down 20% from last year. Total ship losses in continental U.S. hits all time low. Piracy focus shifts away from Somalia to new hotspots. “Mega ships”, Arctic shipping and alternative fuels create new industry risks. Shipping losses continued their downward trend with 94 losses reported worldwide in 2013…
Floating hotel draws workers to NW Canada boom town
Hundreds of construction workers in booming northern British Columbia will take up residence this week in unique digs on board a cruise ferry revamped into a floating luxury hotel.
ClassNK Registers First US-flagged Ship
![Photo: ClassNK's first U.S. flag vessel.](https://images.marinelink.com/images/maritime/w100h1500/photo-classnks-first-us-flag-24358.jpg)
Global classification society ClassNK announced that ClassNK has classed its first United States-flagged ship. The vessel, newly named MT SLNC PAX, owned by Schuyler Line Navigation Company, LLC (SLNC), is classified as an oil tanker and chemical tanker with IMO type II & III, and will be operating in the U.S.-flag cargo preference service. Russell Paret, President of SLNC said, "We are very pleased…
BAE Get Funding to Build 3 New UK Offshore Patrol Vessels
![OPV rendering & principals: Photo courtesy of BAE Systems](https://images.marinelink.com/images/maritime/w100h1500/opv-rendering-principals-photo-courtesy-24356.jpg)
The Ministry of Defence (MOD) has signed a £20 million contract to buy equipment for the Royal Navy's 3 new offshore patrol vessels (OPVs). The contract will enable BAE Systems to begin work on the engines & gearboxes, etc. that need to be ordered in advance. During a visit to the company’s shipyards on the Clyde in Scotland, Minister for Defence Equipment, Support and Technology Philip Dunne announced that MOD has committed £20 million to the programme.
China Patent for Rolls-Royce Bow Design
![Environship: Image credit Rolls-Royce](https://images.marinelink.com/images/maritime/w100h1500/environship-image-credit-rollsroyce-24355.jpg)
Rolls-Royce informs it has been granted a patent in China for the Environship wave piercing bow technology for merchant vessels. The Environship concept, which can be adapted for different ship types, incorporates a range of Rolls-Royce technologies to deliver efficiency savings for ship owners. The design features a bow with a vertical stem for a smooth entry into the water. When a wave is encountered…
Boskalis Posts Record Net Profit in 2013
![Image courtesy of Boskalis](https://images.marinelink.com/images/maritime/w100h1500/image-courtesy-of-boskalis-24357.jpg)
Royal Boskalis Westminster N.V. (Boskalis) reports an increased revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a dividend of EUR 1.24 per share and intends to start a three-year share buyback program. EBITDA…
UK Maritime Security Firm Ambrey Risk Gains Accreditation
![Image credit Ambrey Risk](https://images.marinelink.com/images/maritime/w100h1500/image-credit-ambrey-risk-24353.png)
Maritime security company Ambrey Risk, specialists in commercial shipping in the oil and gas sector inform it has now been formally awarded full certification & accreditation for ISO 28000: ISO/PAS 28007, following Lloyd’s Register Quality Assurance (LRQA) being appointed as a ‘Certifying Body’ (CB) against ISO/PAS 28007 by the UK Accreditation Service (UKAS). This concludes the ISO/PAS 28007 Pilot…
New Hospital Ship to be Classed by LR
![Rendering of Atlantic Mercy courtesy of Mercy Ships](https://images.marinelink.com/images/maritime/w100h1500/rendering-of-atlantic-mercy-courtesy-24349.jpg)
Lloyd’s Register (LR) says it is honored to be the classification society of choice for Mercy Ships latest endeavour, a new 36,600 GRT hospital ship scheduled for completion in 2017, and to be named 'Atlantic Mercy'. LR explain that the hospital ship will be designed by the Finnish firm Deltamarin and the vessel will be built at CSIC group’s Tianjin Xingang Shipyard in China. Stena RoRo will manage the actual project construction under the leadership of Per Westling, Managing Director.
CIRCOR Names Vincent Sandoval President, Aerospace & Defense
![Vincent Sandoval: Photo credit CIRCOR](https://images.marinelink.com/images/maritime/w100h1500/vincent-sandoval-photo-credit-circor-24348.jpg)
Provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense, CIRCOR International, Inc., inform that Vincent Sandoval will join the Company as Group President—CIRCOR Aerospace & Defense effective March 19, 2014. CIRCOR add that Mr. Sandoval currently is the President of TransDigm Group, Inc.’s Semco Instruments subsidiary, which…
UBC Undergrads' CAD Initiative Rewarded by SSI
![The UBC students: Photo courtesy of SSI](https://images.marinelink.com/images/maritime/w100h1500/the-ubc-students-photo-courtesy-24347.jpg)
Wishing to enhance their elegibility for jobs in Western Canada's expanding shipbuilding industry, a group of University of British Columbia (UBC) Mechanical Engineering students approached SSI about further training in the company's ShipConstructor CAD/CAM application. The developers responded by putting on a special training course for them, plus access to the software. The students had found ShipConstructor…
Evergreen Line to Terminate a Vessel Sharing Agreement
Evergreen Line inform they have notified their vessel sharing partners NYK, Hanjin, and Yang Ming Line to terminate its Vessel Sharing Agreement (VSA) on the ANS…
Shuttle Tanker Conversion to FSO Contract for Robert Allan
![An Offshore FPSO: File photo courtesy of Sevan](https://images.marinelink.com/images/maritime/w100h1500/an-offshore-fpso-file-photo-24354.jpg)
Robert Allan Ltd. says it has been selected by Teekay Shipping (Canada) Ltd. to provide the contract engineering package for the conversion of the M/V Navion Clipper from a shuttle tanker into a Floating Storage and Offloading (FSO) unit. The scope of work from Robert Allan Ltd. includes the design of the crude oil export and import systems (turret design and supply by London Marine Consultants)…
Shale Gas Verification Service Launched by DNV GL
![Elisabeth Torstad: Photo courtesy of DNV GL](https://images.marinelink.com/images/maritime/w100h1500/elisabeth-torstad-photo-courtesy-of-24346.jpg)
DNV GL, an independent foundation with the purpose of safeguarding life, property and the environment, informs it has launched a comprehensive, tailor-made independent verification service based on the provisions of its Recommended Practice for Risk Management of Shale Gas Developments and Operations (RP), regulatory requirements and other publicly available standards. "As shale gas and liquids development are experiencing exponential growth in North America…
Crowley to Ship LNG to Coco Cola Puerto Rico Plant Long Term
![LNG mobile tank: Photo courtesy of Crowley](https://images.marinelink.com/images/maritime/w100h1500/lng-mobile-tank-photo-courtesy-24345.jpg)
Crowley’s Carib Energy has been awarded a multi-year contract to supply containerized, U.S.-sourced Liquefied Natural Gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey and Club Caribe in Cidra, both wholly owned subsidiaries of CC1 Companies, LLC. The contract, executed through Crowley’s Carib Energy subsidiary, includes the fuel supply and transportation of LNG to two of the manufacturer’s plants in Cayey and Cidra…
Several Companies Shortlisted for Heyerdahl Award
![](https://images.marinelink.com/images/maritime/w100h1500/-24342.jpg)
Solstad Offshore ASA, Rolls Royce Marine, Norled AS and Maersk Line have been shortlisted for the prestigious Thor Heyerdahl International Maritime Environmental Award 2014. The prize recognizes candidates from the shipping industry that have made an outstanding contribution to the environment. The award is presented to the winner by H.M. King Harald at the Norwegian Shipowners’ Annual Conference on March 31.
US Black Sea Naval Drills Start Near Crimea
![USS Truxtun (U.S. Navy photo)](https://images.marinelink.com/images/maritime/w100h1500/uss-truxtun-us-navy-photo-24339.jpg)
A joint exercise involving U.S., Bulgarian and Romanian naval forces in the Black Sea started on Wednesday just across the water from the Crimean Peninsula, where Russian military groups have seized control from Ukrainian authorities. The United States says the naval exercises were planned before the crisis in Ukraine. But they send a message of resolve to NATO members nervous about Russia's intentions in its former Cold War backyard…
Australia's Iron Ore Miners Hang Tough as Prices Fall
If Australian miners are worried about the dramatic decline in iron ore prices, it doesn't show. At an annual gathering of many of the world's biggest and smallest…
Krepp Comments on GSA Storis Auction
![Denise Krepp](https://images.marinelink.com/images/maritime/w100h1500/denise-krepp-24335.jpg)
Denise Rucker Krepp, former Maritime Administration Chief Counsel who currently advocates on behalf of the U.S. domestic ship recycling industry, issued a statement at the Coast Guard Shipping Coordinating Committee Meeting March 12, 2014, in Preparation for the April 2014 Maritime Environment Protection Committee Meeting. Below are her comments. Good morning. My name is Denise Krepp and I am representing EMR-Southern Recycling.
Maritime Reporter @ 75: The Daily Cartoon
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Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
NASSCO Delivers USNS John Glenn
![Photo: General Dynamics NASSCO](https://images.marinelink.com/images/maritime/w100h1500/photo-general-dynamics-nassco-24337.jpg)
General Dynamics NASSCO today delivered the USNS John Glenn (MLP 2), the second ship of the Mobile Landing Platform (MLP) class, to the U.S. Navy. The ship is named after the Honorable John Glenn for his exceptional and decorated service as a U.S. Marine Corps pilot, astronaut and U.S. Senator. Construction of the USNS John Glenn began in April 2012. Throughout the MLP program, NASSCO has incorporated more than 10…