Europe Grapples with Threat of Ships Sailing Blind
Europe has yet to fully wake up to the danger of maritime disasters caused by signal jamming and blackouts of satellite navigation devices, say the proponents of…
Shell Awards Maintenance Contract to BMT
Shell has selected BMT Asia Sdn Bhd (BMT) to provide three-year maintenance services for a production storage facility offshore Malaysia. Sister company, BMT Scientific Marine Services previously installed Marine Instrumentation Systems (MIS) and Marine Advisory Systems (MAS) on the platform. This contract allows the organization to provide servicing and maintenance on MIS/MAS instrumentation exposed to the offshore marine environment…
Diana Containerships Reports Q1 Results
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today reported net income of $0.3 million for the first quarter of 2014, compared to a net loss of $31.8 million for the respective period of 2013. During the first quarter of 2014, the company incurred losses arising from the disposal of the vessel Sardonyx, amounting to $0.7 million, without which…
Speedcast Announces Buyout
Speedcast announces buyout; also announces appointment of new Board Director and Chairman. SpeedCast Ltd. announced the buyout of SatComms Australia, a satellite solutions provider in Australia. The closing of the transaction is subject to regulatory approval. The acquisition will further consolidate SpeedCast’s leadership position in the Asia-Pacific region and provide SpeedCast with an expanded presence in Australia.
Oman Drydock Targets LNG Repair Market
Oman Drydock Company (ODC) is to formally launch a new partnership targeting the LNG carrier repair market at next month’s Posidonia trade fair in Greece. The new package is being launched with DSEC a subsidiary of Daewoo Shipbuilding and Marine Engineering Company Ltd (DSME), which is ODC’s official partner. ODC Chief Executive Yong Duk Park said Posidonia, which is one of the shipping industry’s biggest trade fairs, is an ideal location to raise the profile of ODC and the new partnership.
New WaveCall-Plus VSAT Bundle for MSC Cargo Italy
The 124 MSC’s vessels will be the first to benefit from AuroraGlobal, the new all-in-one high throughput maritime VSAT offering. MSC Cargo Italy has contracted Marlink to deliver the new WaveCall Plus high-speed Broadband VSAT (Very Small Aperture Terminal) package for its entire fleet of 124 vessels. WaveCall Plus is part of AuroraGlobal, the new multi-band high-speed initiative launched by Airbus Defence and Space in March 2014.
Columbus' Santa Maria May Have Been Found off Haiti
Underwater explorer Barry Clifford said he found sunken off Haiti what he thinks is the wreck of Santa Maria, Christopher Columbus’ long lost flagship from his first journey to the Americas. Clifford and his team used high tech sonar scanning and metal detection devices to examine the ship’s remains. Most of the ship is intact and excavation will be possible with assistance from the Haitian government, Clifford said.
Cummins Works to Shrink Environmental Footprint
Cummins Inc. Chairman and CEO Tom Linebarger outlined the company's most extensive plan to date for environmental sustainability, including specific goals for reducing waste, water and energy. A core part of the company's mission is demanding that everything Cummins does leads to a cleaner, healthier and safer environment, which has also proven to be a business advantage. Cummins has been working hard to reduce its environmental footprint for years.
Norway Bets on Global Warming in Arctic Oil and Gas Drive
Norway wants to let oil and gas companies drill in Arctic seas that were frozen as recently as the 1980s even though some climate experts say it is too early to trust global warming to keep the ice away. Russia is also showing new interest in the Arctic despite high costs in a region where governments are struggling to set safety rules after BP's 2010 blowout in the Gulf of Mexico, the worst offshore spill in U.S. history.
Life Sentence for Killer of Coast Guard Officer
A Mexican man convicted in the 2012 killing of a U.S. Coast Guard officer, the first on-duty death since 1927, was sentenced on Monday to life in federal prison without the possibility of parole…
Hapag-Lloyd's Loss Widens
Company says freight rates remain under pressure; blames tough competition, weak U.S. dollar. Pins hopes on G6 alliance, container merger with CSAV. German shipping…
U.S., China spar again on South China Seas dispute
China hit back at the United States over the disputed South China Sea on Tuesday, after U.S. Secretary of State John Kerry said recent Chinese moves in the waters were "provocative".
UK Clamp Down on North Sea Drilling Tax Holiday
A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an industry with annual revenues of 2 billion pounds to…
China & US Discuss Disputed South China Sea Areas
Chinese Foreign Minister Wang Yi discussed the South China Sea dispute with U.S. Secretary of State John Kerry and urged him to speak and act cautiously, a spokeswoman said on Tuesday.
Kværner Deliver Strong Q1 2014 Results
Leading contractor for deliveries of complete upstream oil & gas offshore platforms and onshore plants, Norway's Kværner ASA, reports operating revenues for the first quarter of 2014 wer NOK 3…
Lifeboat, Passenger Safety, on IMO's MSC Agenda
The MSC is expected to adopt amendments to the International Convention for the Safety of Life at Sea (SOLAS) related to lifeboat safety; continue its action plan of work on passenger ship safety…
Box Ships Inc. Q1 2014 Profit Slip
Containershilp owners & charters, Greece-based Box Ships, reported that during the first quarter of 2013 it operated an average of 9 vessels. Net Loss and Adjusted…
Far East Shipyards Bag the Week's Newbuilding Orders
South Korea, Japan and China shipyards update their order books with a clean haul of ocean-going newbuilding contracts, detailed as follows in the latest Clarkson Hellas S&P Weekly Bulletin.
America's Last Manned Lighthouse to be Renovated
Plans to commence a $1.1 million project to repair and renovate structures at Boston Light in order to honor the 300-year service and iconic value of Boston Light…
New Container Terminal May Transform Indonesia Trade: Analysis
During the past five years, trade between Indonesia and the rest of Asia has mushroomed, particularly when compared to trade with North America and Europe (see the graph shown here).