Jerry Wascom To Be Appointed President Of ExxonMobil Refining & Supply
The Board of Directors of Exxon Mobil Corporation is expected to appoint D.G. (Jerry) Wascom, president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation…
Indonesia Plan Designated Safe Anchorages To Thwart Piracy
Indonesian authorities are seeking to tackle the growing trend of pirates targeting tankers in South Asian waters for hijacking and cargo thefts. This includes the…
Havyard Group – Launch Of IPO & Prospectus Publication
Havyard Group ASA submitted an updated application for listing of its shares on Oslo Børs, alternatively Oslo Axess, on 6 June 2014. It is expected that the stock…
Caterpillar Announces 17% Dividend Rate Increase
The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to increase the quarterly cash dividend by 17 percent to seventy cents ($0.70) per share of common stock…
Rolls-Royce Power Systems Is A Top Employer
Rolls-Royce Power Systems AG has been confirmed as one of Germany´s most attractive employers. The company has received awards for its exemplary HR management policies…
PDVSA Orders 10 ASD Tugs from Damen
Signaling a major commitment to tug fleet renewal, Petroleos de Venezuela SA (PDVSA) has placed a 10-vessel order with Damen Shipyards Group, as part of the state-owned operator’s strategic shift from chartered in to owned tonnage. The new tugs, which are expected to enhance operating efficiencies while reduce running costs, will provide mooring and maneuvering support to tankers in Venezuelan ports and harbors.
GCSG Launches Tank Barge for FMT
Gulf Coast Shipyard Group (GCSG) announced the launch of FMT 6000, the first of Florida Marine Transportation’s (FMT) new 6000 series 6.4 PSI–30,000 barrel environmentally friendly tank barges. The new series continues Florida Marine Transportation’s tradition of having the latest design and most environmentally-friendly equipment operating on America’s waterways. Utilizing proprietary engineering developed for FMT by the engineering group of Guarino & Cox…
SS United States’ Propeller May be Scrapped
Once a top secret, the 60,000 pound propeller from the nation’s flagship may be scrapped to raise money for the preservation of the historic vessel. On board America’s Flagship the SS United States on Tuesday, June 17, 2014 from 11-11:30 a.m., the SS United States Conservancy will announce the result of its nationwide search for a donor to save one of the historic ship’s massive five-blade propellers.
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.
First MTU Powered Boat Monitored by GPLink
GPLink’s remote monitoring equipment has been installed on hundreds of Cat powered vessels throughout the world. The company has recently announced that its product has received its first integration on a non-Caterpillar power package. In March, Spencer Yachts splashed their latest build, an 87-foot sportfish yacht named Bangarang, equipped with twin MTU M94 2600 horsepower diesels capable of propelling this mammoth vessel to a cruising speed of 40 knots.
US Kicks off Evaluation of Offshore Oil, Gas Leases
The U.S. Department of the Interior took its first steps on Friday to develop the next five-year schedule of potential offshore oil and gas lease sales. Interior…
Norway Police Want to Reopen 1990 Ship Fire Case
Norwegian police on Friday recommended reopening an investigation into a ferry fire in 1990 that killed 159 people after a police review cast doubt on findings that…
Suspected WWII Sea Mine Found off Kiribati
A team of Australian Defense Force (ADF) personnel has headed to the Pacific Island nation of Kiribati to dispose of a suspected World War II sea mine. The object was discovered beneath a sunken vessel that is being salvaged by commercial operators in Betio Lagoon, South Tarawa. Six Royal Australian Navy clearance divers and a support team are flying to the island nation on a Royal Australian Air Force C-130J Hercules aircraft.
Fincantieri Eyes Valuation of up to 1.8b Euros in Float
Italian state-owned shipmaker Fincantieri aims to make its debut on the Milan bourse in July with a stock market value of up to 1.84 billion euros ($2.5 billion), it said on Friday. Fincantieri, maker of vessels ranging from luxury yachts to military aircraft carriers, said in a statement it would offer a stake of up to 38.2 percent stake, mostly made up of new shares, at a price range between 0.78 euros and 1 euro per share.
Today in U.S. Naval History: June 13
Today in U.S. Naval History - June 13 1881 - USS Jeannette crushed in Arctic ice pack 1967 - Operation Great Bend in Rung Sat Zone, Vietnam For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Cheniere's Texas LNG Terminal Closer to Approval
Cheniere Energy's proposed liquefied natural gas (LNG) terminal in Corpus Christi, Texas will not lead to widespread harm to the environment, a draft review concluded on Friday…
Harley Marine Orders Two Tractor Tugs
The construction of two new tractor tugs has begun at Diversified Marine in Portland, Oregon. The twin sister tugs, designed by Robert Allan, LTD, are each 80 feet in length, with approximately 5,200 horsepower and a 65 tons bollard pull. They are expected to be completed in March and June of 2015. Harley Marine Services has chosen to name the tugs the Michelle Sloan and the Lela Franco after two remarkable women that are very important to the company.
WQIS to Release New Policy Form for 2014
On June 16, 2014 the Water Quality Insurance Syndicate (WQIS) will offer a new 2014 Worldwide Vessel Pollution Form. The new policy form will contain enhanced coverage…
Corsica Ferries First with VAVE
Corsica Ferries is first to tap into MCPs new entertainment and information platform for the ferry and cruise industry. Following a successful pilot, five vessels in the Mediterranean Ocean will be equipped with Value Adding Voyage Experience platform (VAVE) this summer. MCP said passengers will enjoy rich digital leisure opportunities from an innovative onboard digital entertainment and information solution.
USCG Awards Flag of Quality to UK Ship Register
The U.K. Ship Register has become one of only around 20 in the world to keep the prestigious United States Coast Guard (USCG) award for excellence. The register…
