Huntington Ingalls Industries 2013 Revenues Increased
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Huntington Ingalls Industries reports Fourth Quarter & Year 2013 financial results with increased revenues in each period. Segment operating income in the fourth quarter was $169 million, compared to $140 million in the same period last year, mainly driven by improved contract performance. Total operating income for the quarter was $174 million, compared to $106 million in the same period of 2012.
Singapore Offshore Firm Rides Crest of 2013 Financial Wave
![Else-Marie OSV: Photo CCL credit Marc Ryckaert](https://images.marinelink.com/images/maritime/w100h1500/elsemarie-osv-photo-ccl-credit-23853.jpg)
Singapore's Swiber Holdings, a construction and support services provider to the offshore oil and gas industry, reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013. Revenue rose 11.2% to hit US$1.1 billion from US$952.2 million for the full year ended December 31, 2012. The Group’s topline was driven by a 75.3%…
Coast Guard Foundation to Honor 8th District at Upcoming Event
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The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its 21st Annual Tribute to the United States Coast Guard Eighth District will take place on Friday, March 14, 2014 in New Orleans, Louisiana. Admiral Robert J. Papp, commandant, U.S. Coast Guard and his wife, Linda Papp, will speak at the event.
Obama US$320-B Multimodal Freight Grant Proposal Welcomed
![Multimodal transfer: Image courtesy of Maersk Line](https://images.marinelink.com/images/maritime/w100h1500/multimodal-transfer-image-courtesy-of-23851.jpg)
Welcoming the proposal, the Coalition for America’s Gateways and Trade Corridors (CAGTC) says it applauds the Administration’s vision for improving the multimodal freight network to support American businesses and national competitiveness in the world marketplace. CAGTC inform that President Obama has unveiled an outline for his Administration’s first-ever surface transportation authorization proposal…
Maritime Reporter @ 75: The Daily Cartoon
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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.
FMC Grants PVO Reimbursement Decrease
![Commissioner Richard A. Lidinsky, Jr.](https://images.marinelink.com/images/maritime/w100h1500/commissioner-richard-a-lidinsky-jr-23848.jpg)
The Federal Maritime Commission (FMC) granted a passenger vessel operator a decrease in the amount of financial responsibility it is required to maintain to reimburse passengers when an operator fails to perform cruises as contracted. The Federal Maritime Commission has granted the request of a passenger vessel operator (PVO) for partial relief from its financial responsibility requirements used to reimburse passengers when a PVO fails to perform cruises as contracted.
Survey Guidelines Bring US Closer to Atlantic Oil Reseves
The Obama administration on Thursday laid out a framework for assessing the amount of crude off the Atlantic coast, another step toward possibly allowing oil production…
On Patrol with the U.S. Coast Guard
Building programs continue, spanning the full range of missions, despite budget concerns. Amidst all the talk of Beltway budget cutbacks and sequestration, the U.S.
Is Your Crew Really Prepared?
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If you think training is expensive; try ignorance. In the ensuing years following the Exxon Valdez disaster, the maritime industry has made great strides in training mariners to prepare for, respond to and mitigate a multitude of emergencies aboard vessels. For example, the environmental performance of the marine industry itself has all but eliminated much of the oil that formerly entered the water through marine error or equipment failures.
Russian Spy Ship Makes Surprise Visit to Havana
![(AFP, Adalberto Roque)](https://images.marinelink.com/images/maritime/w100h1500/afp-adalberto-roque-23840.jpg)
A Russian spy ship slipped into Havana Bay for an unannounced visit during a period of turmoil in Ukraine and displays of military strength elsewhere in the world. The Viktor Leonov SSV-175, part of the Vishnya class of intelligence ships, quietly entered Cuban waters earlier this week and was docked at a cruise ship terminal on Thursday, its crew casually taking in the view of the old colonial section of the Cuban capital as passers-by gawked.
Transocean Estimates 18-24 Months to Recovery
Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs.
Today in U.S. Naval History: February 27
Today in U.S. 1973 - First airborne mine sweep in a live minefield took place in the Haiphong, Vietnam ship channel by helicopters from Helicopter Mine Countermeasures…
Fire Onboard Australian Navy Submarine
HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire.
BOEM Opens Door to Assess Atlantic Oil Reserves
Reuters - The U.S. offshore drilling regulator on Thursday laid out potential mitigation measures companies may need to take to carry out seismic testing off the Atlantic coast to gauge oil reserves.
O’Reilly Named Troy Line Expert Supervisor
![Leeanne O’Reilly (Photo: Troy Container Line)](https://images.marinelink.com/images/maritime/w100h1500/leeanne-oreilly-photo-troy-container-23836.jpg)
Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O’Reilly to Export Supervisor at Troy Container Line. Based in the company’s Red Bank, N.J. office, O’Reilly will oversee the unification of the FCL and LCL Export departments. In this position, she will work closely with the sales team to ensure the superior customer service the company is known for…
Coast Guard’s Proposed Maritime Preemption Assessment Framework
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In the May 2013 issue of Maritime Reporter & Engineering News, Dennis Bryant published a provocative article titled Rebuilding the Presumption of Preemption. The Coast Guard has asserted in the past and believes today that consistent standards of universal application and enforcement, coupled with Federal initiatives to meet unique regional concerns, best meet local and national safety and environmental goals with the least disruption to maritime commerce. 78 Fed. Reg. 79,243.
Mariner’s Medical Certificates – the New Normal
![Jeff Cowan](https://images.marinelink.com/images/maritime/w100h1500/jeff-cowan-23831.jpg)
The Maritime Labor Convention of 2006 became effective on 20 August 2013: Are the authorities ready? Consider that MLC 2006 Regulation 1.2-Medical certificate. Standard A1.2 states that “a competent authority shall require prior to beginning work on a ship, seafarer’s hold a valid medical certificate.” Under paragraph 7a of that same regulation it further states that “a medical certificate shall be valid for a maximum period of TWO YEARS.” That requirement also became official for U.S.
The Pitfalls of Post Incident Paperwork
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The job’s not over until the paperwork is done. Done correctly. When an accident occurs on one of your vessels, an accident investigation is necessary. As safety is our primary concern, it is important to determine what happened, how it happened and how we can prevent it from happening in the future. Although determining how to prevent a future accident is important, it is also important to be responsible while generating documents as the process unfolds.
Gamesa Turns to Profit in 2013
Reuters - Spanish wind turbine maker Gamesa posted on Thursday a 45 million euro ($61.50 million) profit in 2013, after making losses in the same period a year earlier…
GHD Reports Increased Efficiency with AVEVA
![AVEVA Electrical and AVEVA Instrumentation share the same database; changes in one are automatically reflected in the other and their impact is instantly highlighted for attention](https://images.marinelink.com/images/maritime/w100h1500/eva-electrical-and-aveva-instrumentation-23826.jpg)
Engineering, architecture and environmental consulting company GHD said it has achieved considerable cost savings by integrating AVEVA Electrical with AVEVA Instrumentation. GHD’s team in Brisbane, Australia has been using AVEVA Instrumentation successfully since 2011, and its productivity encouraged GHD to also implement AVEVA Electrical in the summer of 2013. “Using the combination of AVEVA Electrical…