Shipping Turns From Banks to Equity Markets for Cash
Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector…
Keel-Laid for Navy's 10th LCS at Austal Yard
The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs the Program Executive Office Littoral Combat Ships. The ship's sponsor, Roxanna Green, was unable to attend the ceremony. The ship's namesake, former U.S. Rep. Gabrielle Giffords, authenticated the keel by having her initials welded into a sheet of the ship's hull.
Havyard to Build Hybrid Battery Arctic PSV
Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be designed by Havyard Design and Solutions in Fosnavaag & will be constructed at Havyard Ship Technology`s yard in Leirvik in Sogn, Norway. The vessel will become newbuild number 126, and has a contract value of just above NOK 350 million being due for delivery in July 2015.
Bunker Specialists Endofa Name Hoffmann CEO
Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann served as Chief Executive Officer for Shipping.dk. He also served on the board of the Danish Shipbrokers Association. "We have known Lars for many years and always admired him for his accomplishments in shipping and his work for the Danish shipping industry," notes Endofa's Kenn Soendergaard.
Homeland Security Secretary Visits Ingalls Shipbuilding
Huntington Ingalls Industries' Ingalls Shipbuilding division apprises it has hosted a visit by Secretary of Homeland Security Secretary Jeh Johnson and U.S. Rep. Steven Palazzo (R-Miss.). In the course of their visit the guests toured the shipyard and the Ingalls-built National Security Cutter 'Hamilton'(WMSL 753). "Today was a great opportunity to show Secretary Johnson the quality craftsmanship of our shipbuilders," said Ingalls Shipbuilding President Brian Cuccias.
Among 2014's Most Powerful & Influential Women: Karen Jones
Commercial transportation and supply chain management firm Ryder System Inc. say that their Chief Marketing Officer, Karen Jones, was named one of 2014’s Most Powerful & Influential Women by the Florida Diversity Council. Ms. Jones was presented with the award at the 2014 Florida Diversity & Leadership Conference, held at the Rosen Plaza Hotel in Orlando, Fla. “Being inclusive of people with different…
Deal to Build Russian 60MW Icebreakers Imminent
The state nuclear power company Rosatom is about to reach a deal with United Shipbuidling Corporation on the construction of two powerful LK-60 icebreakers according to Barents Observer. The new icebreakers will be the most powerful in the world and are key instruments in Russia’s enhanced activity level in the Arctic. The report cites newspaper Kommersant as saying that after lengthy negotiations…
Stranded Virginia Beach Bulker Salvage Plan Set
The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to begin Friday morning to move the 751-foot bulk carrier, 'Ornak', aground near First Landing State Park in Virginia Beach, Va. “Moving a vessel of this size off the beach is a complicated and dynamic operation, requiring close coordination of multiple stakeholders,” said Capt. John Little, the Captain of the Port of Hampton Roads.
Two Marine Engineers Join Specialists EBDG
Naval architecture, marine engineering & production support service providers Elliott Bay Design Group LLC (EBDG) apprise that they have appointed marine engineers Nick Bannon to its Seattle office and John T.D. Lair to its New Orleans office. "We're extremely pleased to have both of these gentlemen onboard with us," stated Vice President of Engineering, Brian King. Nick Bannon comes to EBDG with eight years of industry experience including extensive knowledge of coast guard regulations…
Canaveral Tops State List for Sand Bypass Funding
The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100…
Rotterdam port's throughput almost stable
The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type…
PetroVietNam Gas's Q1 gross profit falls 27.5%
PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.
3rd Officer at helm when ferry capsized - Investigator
The third officer was at the helm of a South Korean ferry when it capsized on Wednesday with 475 people on board, an investigating prosecutor told a news conference on Friday…
Inchcape Shipping Services Opens in Venezuela
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz…
Beijing's bid to move polluting firms adds pressure on nearby regions
China's capital has ordered more than 50 companies to shut down this year in an effort to cut pollution but pushing factories out could raise objections in surrounding…
Apache CEO, Vermont activist build alliance on climate issues
Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. As other energy firms battled climate change…
Divers struggle in search for ferry survivors
Rescuers struggled with strong waves and murky waters on Thursday as they searched for hundreds of people, most of them teenagers from the same school, still missing…
NATO to bolster defence of E.European Allies
NATO is sending part of its naval rapid reaction force to the Baltic Sea as part of a drive to step up the defence of eastern European allies in response to the crisis in Ukraine…
Van Oord acquires 100% control of Dravo
Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A. Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.A.
UN Seeks Sanctions Waiver to Ship Arms to Mali
The United Nations is seeking an exemption from a U.N. Security Council arms embargo on Ivory Coast so it can ship weapons and military equipment across the East…
