North P&I Club's New Strategy to Pay Dividends
The 180 million GT, āAā rated North P&I club has confirmed another āpositive' financial result in its annual Management Report published today (7 August 2014). Itā¦
Cutterhead Shaft Bearings Last 9 Years on Dredger
Water lubricated Thordon Composite cutterhead shaft bearings have performed well for nine years on one of the largest cutter suction dredgers in the worldāDredging, Environmental and Marine Engineering N.V. (DEME)ās D'Artagnan (28,200 kW total installed power). The vessel had a major dry docking at Drydocks World-Dubai in February 2014 where the shaft was removed, and bearings and shaft inspected.
US Pushes Plan to Ease South China Sea Tensions
China will come under the most concerted diplomatic pressure yet to rein in its assertive moves in the disputed South China Sea when the United States uses a regionalā¦
Vale Plans to Double Iron Ore Exports to China
Brazilian mining company Vale SA plans to double its iron ore exports to China within five years, Jose Carlos Martins, the company's head of ferrous metals, told reporters on Thursday. Rio de Janeiro-based Vale is the largest producer and exporter of iron ore, the main ingredient needed to make steel. Martins also said the company plans to export about 400 million tonnes of iron ore a year within five years, nearly 50 percent more than the 270 million tonnes it exported in 2013.
Shippers Struck by Truck Capacity Issues
Evergreen Shipping Agency (America) Corp. recently announced that its movements have been affected by ātruck capacity issues,ā which the shipper said have been brought on by a combination of contributing factors, including driver shortages, infrastructure problems, and stricter regulations. āEvery ocean carrier is being impacted by the truck shortages," Evergreen said. "While we are working 24/7 to honor our service promisesā¦
USS Abraham Lincoln's Final Mast Section Installed
Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), marked a major milestone this week in the refueling and complex overhaul (RCOH) of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72). The shipyard installed the final section of the ship's main mast: the 38-foot upper mast section. A brief mast-stepping ceremony was held Tuesday for Lincoln shipbuilders and the crew on the flight deck of the ship to commemorate the milestone.
Panama Canal Imposes Extra Personnel Requirement
Based on recent evaluations of lockage procedures, the Panama Canal Authority has determined that due to the special configuration of some vessels, and in order to avoid accidents during lockage operations, supplementary personnel will be assigned to vessels with mooring stations on different decks; vessels with mooring stations areas that, due to their configuration, present difficulties for line handling operations; or vessels with any other deficiency that may affect transit operations.
Foster Wheeler 2Q, 2014 Results
Foster Wheeler AG (Nasdaq: FWLT) today reported income from continuing operations for the second quarter of 2014 of $85.6 million, or $0.85 per diluted share, compared with $68.3 millionā¦
Hoegh LNG Partners Prices IPO
Höegh LNG Partners LP a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd., announced today the pricing of its initial public offering of 9ā¦
Lerwick Harbor Handles Solan Field Storage Tank
Lerwick Harbour has again demonstrated its deep-water capacity and capabilities, this time by simultaneously accommodating two giant support vessels and the successful offloading of a 10ā¦
MagnaShear Brakes to be Featured at WorkBoat
The MagnaShear marine duty motor brake from Force Control Industries will be featured in booth #1862 at the International WorkBoat Show, from December 3-5 in New Orleans, La. These proven brakes employs oil shear technology, providing longer service life even in demanding applications like the frequent start/stop cycles seen on cranes, hoists, winches and other marine material handling equipment. High grade castingsā¦
BOEM & S. Carolina Agree to Evaluate Sand Resources
As a part of President Obamaās continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau ofā¦
Port of Rotterdam Takes Steps to Stop Delays
The Port of Rotterdam is taking measures to eliminate congestion at the ECT Delta Terminal and the Euromax Terminal. Inland waterway vessels and feeder vessels haveā¦
Dun & Bradstreet Declares Quarterly Dividend
Dun & Bradstreet, world's leading source of commercial information and insight on businesses, announced today that its Board of Directors has declared a quarterly cash dividend of $0.44 per share.
Ingalls Delivers Composite Deckhouse for US Navy
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has delivered the composite deckhouse for the destroyer Michael Monsoor (DDG 1001) to the U.S. Navy. The 900-ton deckhouse provides an advanced structure that will house the ship's bridge, radars, antennae and intake/exhaust systems and is designed to provide a significantly smaller radar cross-section than any other ship in today's fleet.
Militia Clashes Spread Towards Zawiya Oil Port
Clashes in Libya spread from Tripoli to the western town of Zawiya near Tunisia's border, where a large oil port is located, killing four people over the last two days, local town council officials said on Thursday. Foreign governments have mostly closed their embassies and evacuated staff after three weeks of clashes turned Libya's two main cities - Tripoli and Benghazi - into warzones in the worst fighting since the NATO-backed war against Muammar Gaddafi.
Today in U.S. Naval History: August 7
Today in U.S. 1942 - Navy Amphibious Task Force lands Marines on Guadalcanal, Solomon Islands in first U.S. For more information about naval history, visit the Navalā¦
North Sea Tiffany Platform to Restart Mid-August
Canadian Natural Resources Ltd said on Thursday its Tiffany production platform in the North Sea was expected to restart in mid-August after a shutdown. On a second-quarter earnings callā¦
US Should Lift Crude Oil Export Ban - Washington Post
The United States should lift its nearly four-decade ban on crude oil exports to help encourage domestic production, the Washington Post said in an editorial on Thursday.
New Fittings in the Georg Fischer Piping System
W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, announced new fittings for the Georg Fischer SeaCor marine thermoplastic piping system. The addition of Schedule 80 drain waste and vent (DWV) fittings will complete the current product offering for SeaCor Schedule 80 thermoplastic pipe. Customers will now have access to a complete thermoplastic piping system solutionā¦
