APM Terminals Partners with Brookfield
![APM Terminals, Port Elizabeth, New Jersey](https://images.marinelink.com/images/maritime/w100h1500/apm-terminals-port-elizabeth-new-23639.jpg)
APM Terminals and Brookfield Asset Management announce the formation of a joint venture at APM Terminals’ Port Elizabeth, New Jersey facility, subject to the Port Authority of New York/New Jersey and regulatory approvals which are targeted to be received in the next couple of months. The joint venture company, APM Terminals Elizabeth, a Brookfield and APM Terminals joint venture, will be equally owned by Brookfield and APM Terminals.
Today in U.S. Naval History: February 24
![Photo: U.S. Naval History and Heritage Command Photograph](https://images.marinelink.com/images/maritime/w100h1500/photo-us-naval-history-and-23638.jpg)
Today in U.S. Naval History - February 24 1813 - USS Hornet, Captain James Lawrence, captures HMS Peacock 1968 - Task Force Clearwater established in I Corps For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Marine Pollution Control Announces Promotions
![Clockwise from top left: Dr. Manik S. Sardessai, Walter J. Putman, Jr., Timothy P. Schallhorn and Catherine Gibbons](https://images.marinelink.com/images/maritime/w100h1500/clockwise-from-top-left-dr-23637.jpg)
Dr. Manik S. Sardessai has been promoted to Senior Vice President. Dr. Sardessai, who earned his Ph.D. in Chemistry from Wayne State University, has worked for MPC since 1995in a variety of positions and will continue in his leadership role for technical and regulatory matters. He has distinguished himself internationally as an authority on the handling of hazardous materials. Walter J. Putman, Jr., has been promoted to Vice President and General Manager.
Oil Spill Minimally Impacts Port of New Orleans
![Photo: Port of New Orleans](https://images.marinelink.com/images/maritime/w100h1500/photo-port-of-new-orleans-23636.jpg)
The U.S. Coast Guard reopened the portion of the Mississippi River, which falls within the Port of New Orleans’ jurisdiction today at 10 a.m. The Coast Guard restricted vessel traffic on the Mississippi River Feb. 23 following a vessel collision and oil spill Feb. 22 about 50 miles upriver from the Port of New Orleans. Those restrictions were lifted Monday morning with the condition that vessels certify that their hulls are clean.
Euronav Announces Capital Increase for Maersk VLCCs
![Photo: Maersk](https://images.marinelink.com/images/maritime/w100h1500/photo-maersk-23635.jpg)
Euronav today announced that the meeting of shareholders has approved a $300 million capital increase against issuance of 32,841,528 new shares to acquire 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of $980 million, as announced January 5, 2014. Euronav said that all other points on the agenda of the shareholders’ meeting were also approved.
Application Filed for First US Floating LNG Export Facility
Excelerate Energy LP said on Monday it has filed a formal application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility.
Jaenichen Visits Port of Hueneme
![Photo: Port of Hueneme](https://images.marinelink.com/images/maritime/w100h1500/photo-port-of-hueneme-23634.jpg)
Acting Maritime Administrator Paul “Chip” Jaenichen met today with Port of Hueneme officials and Port customers for an industry stakeholder meeting and tour of the Port of Hueneme and Navy Base Ventura County. BMW, Global Auto Processing Services, Wallenius Wilhelmsen Logistics, Chiquita, Del Monte, Yara, the ILWU and Port Stevedores participated in a strategic round table discussion focusing on partnership opportunities, marine highway trade and Port priorities moving forward.
Development Courses for Project Managers, Port Engineers
Fisher Maritime Consulting Group said project manager's professional development courses specifically developed for the marine industry are being presented again in several venues in 2014.
Defense: USS Cole Bomber Should Not Face Death
![Photograph by Sgt. Don L. Maes, USMC](https://images.marinelink.com/images/maritime/w100h1500/photograph-by-sgt-don-l-23633.jpeg)
Defense lawyers for the Saudi man charged with masterminding the 2000 USS Cole bombing that killed 17 American sailors argued on Friday he should not face the death penalty because the murders were not premeditated. The move was among several pre-trial motions heard in the murder case against Abd al-Rahim al Nashiri at Guantanamo Bay, Cuba, viewed by closed-circuit television at Fort Meade. The charges Nashiri is faced with - among them murder, terrorism and conspiracy - carry the death penalty.
Safety Issues May Cause More Petrobras Stoppages
Brazil's state-run oil company Petroleo Brasileiro SA could face new production stoppages on platforms in the Campos Basin if it does not resolve lingering safety issues, the Folha de S.
Recope Tenders to Buy Three Fuel Oil Cargos
(Reuters) - Costa Rica's refining company Recope launched a tender to buy three 165,000 cargos of fuel oil to be received from mid-April to October at Port Moin…
Oil Spill Closes 65 miles of Mississippi River
A 65-mile (105-km) stretch of the lower Mississippi River, including the Port of New Orleans, remained closed on Sunday night while crews cleaned up oil that spilled…
New Passenger Mustering & Crowd Control Training
![Photo: Videotel](https://images.marinelink.com/images/maritime/w100h1500/photo-videotel-23632.jpg)
A new program from Videotel highlights the importance of psychology in effective passenger evacuation, a topic which has been the focus of much attention in the industry since the highly charged events off Isola del Giglio in January 2012. Making the Difference - Passenger Mustering and Crowd Control looks at all aspects of passenger mustering, in particular the flow of passengers on stairways and the care and control of passengers once they are assembled in their designated muster stations.
Norway Cuts Troll Gas Field Outage Duration
Norway has cut the time its biggest gas field will operate at a reduced capacity by several months after Statoil tested repairs on a faulty compressor, which kept…
COSCO 2013 Net Profit Falls 71%
Chinese shipbuilder COSCO Corp (Singapore) Ltd on Monday reported a 71 percent fall in full-year 2013 net profit, due to lower profit contributions from ship building and marine engineering segments.
Saipem wins $520m offshore contracts in Congo, Indonesia
(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday.
Mild Weather in Europe Hurts Coal Prices
European physical coal prices on Monday dropped to their lowest level since last summer as mild weather pulled down demand. Cargos for delivery in March to the ports of Amsterdam…
Asia-Pacific Crude-Weaker; ONGC sells Sokol
The Asia-Pacific crude market weakened on Monday with differentials for Russian Sokol depressed by slow demand during peak maintenance season, but a recovery in…
Wood Review Aims to End Squabbles in UK's North Sea
By John Kemp. The opinions expressed here are those of the author, a columnist for Reuters. Britain's North Sea exploration and production business is set to be transformed…
Dometic Names Pinto National Account Manager
Dometic Marine, a division of Dometic Group, a global provider of leisure products for the marine, recreational vehicle, commercial and passenger vehicle markets…