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.
Huntington Ingalls Industries Profits up in Q3 Report
Shipbuilder Huntington Ingalls Industries (HII) released its third quarter 2014 results which reported revenues of $1.72 billion, up 4.9 percent compared to the same period last year. Third quarter diluted earnings per share was $1.96, compared to diluted earnings per share of $1.36 in the same period of 2013, and adjusted diluted earnings per share for the quarter was $1.67, compared to $1.17 in the same period of 2013.
Imtech: Investigating Fraud Allegations
Dutch engineering and construction firm Imtech is investigating allegations it operated a cartel to overcharge German energy company RWE for the building of a power plant in the Netherlands.
Contamination: Primary Cause of Tank Container Claims
Speaking at the Asia Tank Container Organization’s General Meeting in Shanghai yesterday, TT Club’s Regional Director, Asia-Pacific Phillip Emmanuel outlined the major risk exposures facing the tank container industry. Based on an extensive analysis of the club’s claims experience resulting from incidents involving tank containers, Emmanuel pinpointed contamination as the leading danger, accounting for over 46% of the volume of incidents on TT’s books in the last nine years.
US-flag Great Lakes Cargos Up Nearly 15%
U.S.-flag Great Lakes freighters (lakers) moved 11.3 million tons of dry-bulk cargo in October, an increase of 14.7 percent compared to a year ago. The October float…
Jack-Up Barge Bolsters Offshore Accommodation
Jack-Up Barge has recently placed an order with Malaysian-based Asian Offshore Services (AOS) for additional Zone 2 blast-rated Temporary Living Quarters (TLQs). Ronald Schukking, Technical and New Building Director at Jack-Up Barge, said of the order, “Our fleet is used for a variety of purposes by contractors and operators from all corners of the offshore sector. We notice an increasing demand for…
Seaway Cargo Movements Pick up Ahead of Winter
Shipments through the St. Lawrence Seaway remained strong in October as North American manufacturers and cities stockpiled vital materials in advance of the coming winter and farmers relied on the waterway to export the new harvest. According to the St. Lawrence Seaway, total cargo tonnage from March 25 to October 31 reached 29.6 million metric tons, up 4.5 percent over the same period last year, as…
Australian Army Buys Maritime Simulator
The maritime wing of the Australian Army purchased and installed a VSTEP simulator classroom for landing craft operations and navigation training at its Townsville base in Queensland. According to VSTEP, the simulator purchase was made following an enquiry from the Australian Defense Force (ADF) and Bohemia Interactive Simulations, a global software company providing simulation training solutions for military and civilian organizations.
Shippers, Traders Scramble After OW Bunker Says Near Bankruptcy
Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms…
U.S. Weather Forecaster Slightly Reduces El Nino Chances
The Climate Prediction Center, an agency of the National Weather Service, on Thursday projected a 58-percent chance of El Nino developing during the Northern Hemisphere winter…
Moroccan Frigate Docked for Maintenance
The Royal Moroccan Navy’s frigate Tarik BenZiyad has returned to the Damen Shipyards Group for its first routine drydocking after three years of operation. The SIGMA multi-mission frigate 10513, built at Damen Schelde Naval Shipbuilding (DSNS) in the Netherlands, arrived at Damen Shiprepair Brest in France on October 24 for a maintenance program of approximately 30 days. “As the original equipment manufacturer…
Malgrain Named Executive VP of Bourbon
At a meeting on November 4, Bourbon’s board of directors appointed Nicolas Malgrain as executive vice president effective December 1, 2014. He will be in charge of the group’s strategy, finance and administration. Malgrain, nominated on the proposal of the chief executive officer Christian Lefevre, will succeed Laurent Renard, who will retire effective December 31, 2014, on the executive committee.
Carnival to Add 4 New Ships over 18 Months
Carnival Corporation & plc announced it will increase fleet capacity by nearly 10 percent from 2014 through 2016, fueled largely by the addition of four new ships across four brands in less than 18 months. This week, Carnival Corporation is christening two new ships in the span of three days as its Princess and Costa brands host official naming ceremonies for Regal Princess and Costa Diadema, the latest…
MSC Consolidates HQ in Norfolk
Military Sealift Command (MSC) received approval Oct. 30 to officially begin geographically consolidating at Naval Station (NS) Norfolk, Virginia, a single headquarters that since 2012 has been physically split between the Washington Navy Yard, D.C., and NS Norfolk. The consolidation is scheduled to be complete by the end of Fiscal Year 2019. Consolidating MSC headquarters staff in Norfolk helps streamline processes…
Port Congestion Impacts Indian Coal Imports
India's coal imports fell 9 percent to 15.33 million tonnes in October from a month ago as cyclone Hudhud exacerbated congestion at some ports, according to provisional…
Honing Skill Of Seafarers Using SATCOM
Maritime operational effectiveness is to be enhanced globally through the provision of training and certification for seafarers assigned to use advanced satellite…
USCG Training Center Holds Heritage Event
Members of the U.S. Coast Guard Training Center, Cape May, N.J., were treated to a speech on the history of the Lenape Indian tribe during a Native American Heritage event held on base, Nov.
Fraud at OW Bunker's Subsidiary
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation.
DryShips Reports 3Q 2014 Results
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc.…
Flagship Niagara League Announces Partners
Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for…
