Kongsberg reports Record-high new orders in Q1 2014
KONGSBERG reports Q1 operating revenues of MNOK 3 941 (MNOK 4 033) and EBITDA of MNOK 446 (MNOK 500), resulting in an EBITDA margin of 11.3 per cent (12.4 per cent).
First Indian vessel moves ODCs in one go
Allcargoās multi purpose vessel āAllcargo Susheelaā successfully loaded 9 pieces of Heavy lift & ODC cargo from Jawaharlal Nehru Portās shallow berth last week.
Chiquita Shipping Operations Return to New Orleans
Today, Gov. Bobby Jindal joined Chiquita Brands International Inc. Senior Vice President Mario Pacheco to announce the company will relocate its shipping operations from the Port of Gulfport in Mississippi to the Port of New Orleans. Chiquita plans to ship 60,000 to 78,000 twenty-foot-equivalent units, or TEUs, per year at the Port of New Orleans, representing a roughly 15 percent increase in current container volumes there.
Brazil Senate Examining Petrobras Scandal
Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October. A panel of senators will look into the costly purchase of a refinery in Pasadena, Texas, for which critics say Petrobras paid 20 times the market value. The senators will alsoā¦
Repsol to Test Canadian Blend Crude at its Spain Refineries
Repsol will test the first batches of Canadian crude at its Spanish refineries later this month as the oil major takes advantage of a provision that allows Canadianā¦
New Zealand Navy Extends OSI Support Contract
OSI Maritime Systems (OSI) announced that it has signed a contract to provide in-service-support for the Integrated Navigation and Bridge Systems (INTS) that theā¦
Maritime Reporter @ 75: The Daily Cartoon
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.
SEEMP: Potential Win-win for Commercial Vessels
SEEMP can make a fleet more competitive in a difficult business environment while reducing its impact on the environment. In January 2013, the International Maritimeā¦
Hydrodynamic Software Suites
To support designers and engineers in evaluating design concepts more efficiently, MARIN has developed the hydrodynamic suites QSHIP and QPROP. Hydrodynamic considerationsā¦
The Treatment of Foreign Seafarers
The United States effectively treats foreign seafarers more harshly than any other group that enters the country without breaking the law. The general rule is that all persons who are not U.S.
Ship Engineers' Strike Possible in Norway
Approximately 600 Norwegian engineers in service on ships, members of the Maritime NHO, could go on strike with effect from 0000 hours tomorrow, May 15, GAC said in its daily Hot Port News report.
Second Berth Opens at DP World London Gateway
New shipping services are being announced as the second berth at DP World London Gateway opens for business. Britainās newest port doubled its capacity as the second berth began operations in May. Five new shipping routes to North America, South America East Coast and West Coast, the Middle East and Europe are starting. New rail, road and container services are also announced. The G6, one of the worldās largest shipping alliancesā¦
Floating Production System Orders Outlook
An EPC contract for a production unit can easily exceed $1 billion ā and $3 billion for an FPSO has recently been breached. Overall, this is a $20 to $30 billion annual market. But, as described below, the sector is hitting some headwinds that could impact future business opportunities. 243 floating production projects are in various stages of planning as of beginning May. Of these, 57% involve an FPSOā¦
Today in U.S. Naval History: May 14
Today in U.S. 1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major scientific expedition overseas. Lt.
BOS Provides 2-5% Fuel Savings
With consistent results of 2-5% fuel savings, Keppel Offshore & Marineās subsidiary Blue Ocean Solutions (BOS) said that it has proved that emulsified fuel can bring significant fuel savings adding to the well established NOx reduction, if done correctly. The patented BOS Emulsified Fuel System (EFS) is designed to improve combustion efficiency by improving the injector fuel atomization. In addition to the measured fuel savingsā¦
New Concept Eliminating Crude Oil Spill Spread
A new method is available which purports to stop the spread of major oil spills in offshore areas. It involves a floating ring-like device called Protection Ring Offshore Environment (PROE) that encircles the drilling rig. It has a curtain suspended vertically from the ring bottom that is designed to retain the oil spill. PROE is self-propelled and is submersible, meaning it is able to āchaseā oil spills if necessary. When not in use it can be submerged 50-ft. below marine surface traffic.
Long-range Clean Tanker Markets Rally on Higher Bookings
Long-range clean tanker rates rallied on Wednesday as buoyant demand for cargoes reduced vessel availability with expectations of further gains. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W111.64 in the Worldscale measure, or $9,721 a day when translated into average earnings, its highest since mid December last year. That compared with W109.28 or $8,920 a day on Tuesday and W102.86 or $6,779 a day last Wednesday.
The MN100 Selection Process is Underway
Tell Us About Your Company. The first annual MarineNews 100 will feature the Leading Companies serving the North American Shallow Draft Market. Appearing in the August 2014 print editionā¦
Gabon Drops Three Firms from Offshore Oil Talks
Three companies previously named as winners in an offshore oil licensing round in Gabon have been dropped from the list, Gabon's oil mininster said on Wednesday.
SENER Presents Hull Form Optimization Paper
COMPIT, Europeās annual international conference on computer applications and information technology in the Maritime Industries, took place this year from May 12-14 in Redworth, U.K., with the participation of SENER. SENERās Rodrigo Pérez presented the paper āAn Innovative Approach for Hull Surface Fairingā written by Perez and SENER colleague Mirko Toman. The paper describes some new capabilities within FORAN to improve the hull forms fairing.
