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.
Japan Imposes Asset Freeze on N.Korean Shipping Firm
Japan on Friday froze the assets of the operator of a North Korean ship seized for smuggling arms, the Foreign Ministry said, just as Tokyo is engaged in talks with…
Rotterdam, Bavaria Launch Intermodal Research
Good connections between seaports and the hinterland are vital for optimizing the logistic chain. The Port of Rotterdam Authority and the Bayernhafen Gruppe are therefore working together in the ‘Bayrolo’ research program. The aim of this cross-border project is to further improve intermodal container transport between Bavaria and the port of Rotterdam. By taking containers off the road and shipping them by barge and rail…
BIMCO: Tanker Market is Full of Surprises
Some time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market. However, like other soon-to-arrive recoveries, the waiting time tends to increase as we approach the expected tipping point. This time around, global refinery throughput started the year strongly but entered a still running soft patch in May, high volumes but shorter hauls out of the U.S.
Today in U.S. Naval History: August 15
Today in U.S. 1845 - U.S. Naval Academy established at Annapolis, Md. on former site of Fort Severn. 1895 - Commissioning of Texas, the first American steel-hulled battleship. Texas served off Cuba during the Spanish-American War and took part in the naval battle of Santiago. Under the name of San Marcos, she was sunk in weapon effects tests in Chesapeake Bay in 1911. Her hulk continued in use as a gunnery target through World War II.
Conrad Reports Strong Q2 Results, Backlog
Conrad Industries, Inc. announced its second quarter and six months 2014 financial results and backlog at June 30, 2014. For the quarter ended June 30, 2014, Conrad had net income of $6.8 million and earnings per diluted share of $1.14 compared to net income of $6.1 million and earnings per diluted share of $1.02 during the second quarter of 2013. The company had net income of $13.2 million and earnings per diluted share of $2.21 for the six months ended June 30…
New Power for Alaskan Tug
It has been said that, “There is no reason to design or build an ugly boat.” This is clearly a dictum that those who designed and built the Noman O adhered to. Built in 1970 as the Duncan Foss by the Albina Shipyard under hull number 419, at Portland, Oregon, the tug has a fine shear that sweeps down the 75-foot length from a high sea-going bow to a low fantail that carries most of the boat’s 24-foot midships beam.
Recope Tenders to Buy Two Fuel Oil Cargos
Costa Rica's refining company Recope has launched a tender to buy two 90,000-100,000 barrel cargos of fuel oil for delivery from September to December at Port Caldera…
Two Boat Migrants Die, 1,500 Saved Off Italy
Two boat migrants died among almost 1,500 rescued by Italy in the last 24 hours, authorities said on Friday as the total number reaching Italian shores this year passed 100,000.
Delta "T" Debuts Variable Speed DCTV
Delta "T" Systems introduces the new DCTV variable speed DC engine room ventilation control system. This fan control system is the next successor of Delta "T" Systems' DCT2 controller and is the most robust, yet technologically advanced DC fan control system on the market, the manufacturer claims. The new DCTV controller is a dual-mode system that can be operated in manual mode or set to automatic mode for worry-free engine room ventilation.
BIMCO: Bulk Market Awaits Freight Rates Lift
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. The freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1,621 on March 20 to hit 747 on July 29. Panamax ships have not been above $10,000 per day since February 20, but below $5,000 per day for most of June and July.
Crowley Helps Launch USS Montgomery
Crowley Maritime Corp.’s ocean class tugboat Ocean Sky and heavy lift barge 455-4, managed by the company’s Houston-based solutions group, a project management organization, provided support to shipbuilder Austal USA during the launch of the newly built U.S. Navy Littoral Combat Ship (LCS), USS Montgomery, last week in Mobile, Ala. To facilitate the launch, the Montgomery was first moved from Austal’s shoreside assembly zone to the deck of Crowley’s 455-4…
Kvaerner, KBR Partner for Johan Sverdrup Contracts
Kvaerner and KBR, Inc. will establish a joint venture to competitively bid on offshore platform topsides contracts for the Johan Sverdrup field development offshore Norway, the companies announced.
MOL Ships Medical Supplies to Myanmar for Free
Mitsui O.S.K.Lines,Ltd. (MOL) announced that it supported PH-Japan’s (Peoples’ HOPE Japan’s - PHJ) Myanmar healthcare program to provide free transportation of PH-Japan’s container filled with 2…
Dutch Team Installs Huge Power Socket in the North Sea
A combination of three Dutch offshore companies realized a unique operation in the North Sea, installing a giant ‘power socket’, the SylWin alpha platform. Siemens commissioned Seaway Heavy Lifting to perform an unusual operation that in turn called in the assistance of maritime service provider Dockwise and engineered heavy lifting and transport specialist Mammoet. Weighing 14,000 metric tons, the 83-meter long…
Brazilian Ferry Launched
AFAI Southern Shipyard and CoCo Yachts Holland announced that the first Urban Sprinter 2000, yard number ASA 042, was launched August 14, 2014. The Urban Sprinter 2000 was designed by CoCo Yachts Holland and built by AFAI Southern Shipyard in Guangzhou for SETRANS Rio de Janeiro. The ASA042, temporarily named 01, is the first vessel out of a series of seven. The final name of the vessel will be announced later…
Tough Line on Shipping Loans: ECB
ECB in discussion with German supervisors; question over treatment of ship loans in health check. Compromise emerging which may involve 'haircut' on loan valuations.
Asia-Europe Container Rates Fall Almost 11 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday…
China Looks to Boost Shangai Port Volumes
China will expand a scheme to speed up tax refunds for companies that export via a Shanghai port, the government said on Thursday, as it looks to boost the city's…
Concordia Maritime 1H 2014 Interim Report
Swedish tankship owners Concordia Maritime inform of positive results in the first half of 2014 after the sale of shares in jointly-controlled entities, Stena Poseidon and Palva.
