New Unithai Shipyard to Meet Offshore Demand
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Thailand’s Unithai Shipyard and Engineering said it has expanded operations to support the steady growth of offshore operations. The company has opened a new branch in Songkhla province, one of the busiest offshore markets in the region. The new branch will be fully equipped to fulfil clients’ needs for their offshore operations, such as in ship repair, warehousing, berthing, workshops, equipment and tools.
Australia's Victoria state may sell two biggest ports
Australia's Victoria state government said it may sell Port of Melbourne, the country's largest container and general cargo port, continuing a rush by states to…
BP enters into partnership with New Zealand companies
Oil major BP said it entered into a joint partnership with New Zealand Refining Co Ltd and Z Energy to procure and process crude oil through New Zealand's only refinery…
Danish shipping fuel supplier OW Bunker confirms IPO plan
Private equity co Altor plans to partly sell holding; OW Bunker FY net up almost 50 pct at $63.4 mln. Revenue up more than 20 pct at $16.99 billion. Danish ship…
Batista companies extend test in Brazil offshore field
Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing.
Marine Diesel Oil Price-Spike Expected End of 2014
![File picture CCL](https://images.marinelink.com/images/maritime/w100h1500/file-picture-ccl-24000.jpg)
Reuters – New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil. From January 2015, ships entering "Emission Control Areas" (ECAs) in the Baltic, North Sea and English Channel and around the North American coast, will have to switch from low sulphur fuel oil (LSFO) with 1 percent sulphur content to 0.1 percent gasoil…
Crossing the English Channel by Ferry Preferred to Chunnel
![Image credit P&O Ferries](https://images.marinelink.com/images/maritime/w100h1500/image-credit-po-ferries-23998.png)
More people used ferries to travel from the UK to the continent last year although cross-Channel numbers are still down on those of decade ago. According to the Department for Transport's recently released annual Sea Passenger Statistics the number of short sea international ferry journeys increased by 4% to 20.5m following two years of decline. In a reversal of the situation in 2012, when more passengers travelled internationally via the Channel Tunnel than on ferries for the first time…
Scorpio Bulkers in Limbo Until New & Chartered-In Ships Contribute
![Bulk carrier: Image courtesy of Scorpio Bulkers](https://images.marinelink.com/images/maritime/w100h1500/bulk-carrier-image-courtesy-of-23997.jpg)
Scorpio Bulkers, headquartered in Monaco, report its results for the three months ended December 31, 2013 and for the period from March 20, 2013 (date of inception) to December 31, 2013. For the three months ended December 31, 2013, the Company had a net loss of $3.6 million, or $0.04 basic and diluted loss per share. During this period the Company had no vessels in operation. As such, the Company had no revenues, voyage expenses or vessel related expenses.
America's VSE Corp. Awarded NAVSEA Foreign Navy Contracts
VSE Corporation informs that its International Group has received several delivery orders totaling more than $13.4M to continue work performed under its Foreign…
Huntington Ingalls Awarded Additional Funds For CVN 79 Construction
![CVN Modular unit: Image courtesy of HII](https://images.marinelink.com/images/maritime/w100h1500/cvn-modular-unit-image-courtesy-23995.jpg)
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an additional 343 structural units and purchase the majority of the remaining material for the ship, including items such as valves, controllers, pumps and raw materials.
Navy's US$148-Billion FY 2015 Budget: Tough Choices Made
![Navy Budget 2015: Image courtesy of USN](https://images.marinelink.com/images/maritime/w100h1500/navy-budget-2015-image-courtesy-23993.jpg)
Rear Admiral William Lescher, 
Deputy Assistant Secretary of the Navy for Budget explains that in a period of fiscal austerity, the Department of the Navy’s $148 billion FY15 budget balances investments in presence, capabilities and readiness to provide sustainable forward naval presence and invest in our people and capabilities core to our warfighting edge. "We all know this budget comes amid an environment of increasing fiscal austerity and uncertainty.
ITC Global Rebrands as Single Company, Unite Acquisitions
ITC Global, a leading provider of satellite communications to remote and harsh environments announce that it has launched a new corporate brand as the final step…
Cribbing & Matting Extend Range to Australia, SE Asia
![Product display image courtesy of Cribbing & Matting](https://images.marinelink.com/images/maritime/w100h1500/product-display-image-courtesy-of-23991.jpg)
A high performance recycled plastic cribbing system engineered to provide optimum safety and durability when stabilising heavy loads is being introduced throughout Australasia and South-East Asia inform the Cribbing and Matting Co Pty Ltd., located in Sydney. The manufacturers explain that the lightweight, splinter-free, non-absorbent and environmentally sustainable Dura Crib and Dura Stat ranges were developed to replace older…
AAPA Sees Just One Bright Spot in President's Fiscal 2015 Budget
![Kurt Nagle: Photo credit AAPA](https://images.marinelink.com/images/maritime/w100h1500/kurt-nagle-photo-credit-aapa-23990.jpg)
The American Association of Port Authorities (AAPA), on behalf of its United States member seaports, expresses both encouragement and disappointment over the funding levels and programmatic changes in federal port-related programs proposed in the President’s FY 2015 budget. While the President’s budget proposal included funding for a new National Infrastructure Investment program, it also decreases…
Watching Ukraine for Economic, Commodity Fallout
Reuters - A top Federal Reserve official said on Tuesday he is closely watching the unfolding crisis in Ukraine for potential effects on U.S. economic growth and volatility in commodity prices.
Coast Guard Recovers Emergency Landed Helicopter
![A Dolphin helicopter from Coast Guard Air Station Traverse City, Mich., arrives at Northport Pier in Door County, Wis., on a flatbed trailer March 3, 2014 following a brief ferry transit from Washington Island. (USCG photo)](https://images.marinelink.com/images/maritime/w100h1500/a-dolphin-helicopter-from-coast-23989.jpg)
A Coast Guard Dolphin helicopter that was on Washington Island after the crew made an emergency landing on Sunday was recovered Monday and is being transported back to Air Station Traverse City, Mich., to undergo necessary repairs. A six-member recovery team from the air station arrived on Washington Island on Monday morning to begin the process of recovering the helicopter. At about 5 p.m. CST, the crew loaded the trailered aircraft onto the Washington Island Ferry…
KEIFCA Orders Blyth Workcat Patrol Boat
![Image: Blyth Workcat](https://images.marinelink.com/images/maritime/w100h1500/image-blyth-workcat-23987.jpg)
The Kent and Essex Inshore Fisheries and Conservation Authority (KEIFCA) placed a contract for a 17-meter GRP Blyth Workcat for use when monitoring fishing activities around the Kent and Essex coasts. The new boat is being built to meet the exact requirements of KEIFCA which has specified a durable craft capable of operating in extreme offshore conditions while undertaking a wide range of tasks relating to the monitoring of fish stocks and the supervision of fishing activities.
Bulgaria Weighs Dependence on Russian Energy
Reuters - Bulgaria, heavily dependant on Russia for gas and oil, will estimate its own reserves and seek alternatives to cope with any worsening of the Ukrainian crisis, it said on Tuesday.
New Legislation Aims to Help American Ports
![Jim McDermott](https://images.marinelink.com/images/maritime/w100h1500/jim-mcdermott-23986.jpg)
Congressman Jim McDermott (D-Wash.) introduced The Maritime Goods Movement Act for the 21st Century (H.R. 4105) legislation that would replace the Harbor Maintenance Tax (HMT), designed to fund the operation and maintenance of American ports. McDermott said HMT is outdated and currently incentivizes shippers to bypass American ports and move goods bound for the United States through Canada and Mexico…
Maritime Battery Forum in the Works
DNV GL is now running a pilot project that prepares the ground for the establishment of a Marine Battery Forum, which shall work to ensure that Norway is a world…