Matson To Acquire Horizon's Alaska Operations
The transaction has the value of $0.72 Per Common Share Plus Repayment of Debt; acquisition Accretive to Matson's Earnings and Cash Flow. Separately Horizon to Sell…
AAPA Honors Three for Port Industry Service
The American Association of Port Authorities (AAPA) – a trade group representing ports throughout the Western Hemisphere – today at its 103rd Annual Convention and…
Faststream Adds Eight Recruiting Staff
Recruiting hires reflect demand for talent in the oil and gas and maritime sectors, across the U.S. Faststream, an oil and gas and maritime recruiting and staffing services company, hired eight recruiters in its Houston and Fort Lauderdale offices to focus solely on placing talent within the oil and gas and maritime sectors, reflecting the market needs and industry demands for qualified, experienced and well-trained talent.
Crowley, IbisTek Form Joint Venture
Crowley Maritime Corp. and IbisTek, LLC, have announced the formation of a joint venture, called IbisTek Crowley Limited, to provide a comprehensive package of project logistics…
Stolt-Nielsen Board Declares Interim Dividend
Stolt-Nielsen Limited today announced that the company's board of directors approved the payment of an interim dividend of $0.50 per Common Share on December 11…
Liberian Registry, MOL Provide Supplies to Ebola-hit Liberia
The Liberian Registry has used a $10,000 donation from Mitsui OSK Lines (MOL) to procure medical supplies to help combat the spread of Ebola in Liberia. The supplies, comprising essential materials and medical equipment such as PPE (Personal Protective Equipment) suits, gloves, goggles and respirators, arrived in the Liberian capital, Monrovia, on November 5. They were shipped by air from the United States by TNT, which covered all shipment costs.
IBIA Offers Industry Support in Wake of OW Bunker Collapse
The International Bunker Industry Association (IBIA) has announced a series of measures to support companies and individuals impacted by last week’s collapse of OW Bunker.
Parker Kittiwake Doubles Emissions Analyzer Production
Parker Kittiwake, part of the Parker Hannifin Corporation and the supplier of Continuous Emissions Monitoring Systems (CEMS) for marine applications, has doubled its manufacturing capacity in direct response to an increase in industry demand ahead of the imminent 2015 ECA deadline. As a result of the increase in orders over the last year, the company has doubled its revenue. Parker Kittiwake said in-situ CEMS are the most effective method for measuring emissions…
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.
Condition Based Monitoring & Saving Cash
Profitability in shipping goes up and down in waves. 2012 wasn’t too bad, with annual operating costs shrinking by 1.8% on average versus 2011, when average costs rose 2.1%, but 2013 weighed anchor in the losses column for many. And 2014? So far the waters are choppy, with the overall mood up in May but dipping down in the quarter that ended in August, according to Moore Stephen’s quarterly Shipping Confidence Survey.
US Navy Orders More RIBs from Willard Marine
The U.S. Navy has awarded Willard Marine, Inc. a contract for a new generation of 11-meter RIBs for standard ship’s boat operations. To date, eight standard craft with an Open Center Console (OCC) configuration and two OCC LPD-17 class variants have been ordered. This contract specifies Cummins QSB 6.7-liter 380-hp twin engines paired with Hamilton Jet HJ292 waterjets. Each vessel will have aft seating…
Design (R)Evolutions
While the maritime industry is widely labeled ‘conservative’ in its adoption of new technologies to make operations more efficient and cost effective, recent years have seen a decided uptick in the level and sophistication of design, external and internal, across the maritime spectrum. Following are some recent revelations that could work their ways onto a waterway close to you in the near future.
Innovative Enviroship Concept Wins Big
Earlier this year Rolls-Royce was bestowed the Heyerdahl Award for its Enviroship concept. Maritime Reporter & Engineering News recently caught up with Per Egil Vedlog, Design Manager, Rolls-Royce Marine AS, for his insights on the honor as well as the challenge in designing for the maritime future. Anyone that has spent much time in Norway must realize that the Norwegian maritime cluster is a special one, bound by generations of designing, building and operating in, around and under the sea.
Classic Design with Tomas Tillberg
Cruise ship and passenger vessel design are unique in the maritime world, evolving with time and style, demanding efficient power and safety for these cities at sea. Tomas Tillberg of Tillberg Design International is a renowned “go to” source for perspective and insight in this regard. For those not familiar, can you kindly give an overview of how you found your way in to cruise and passenger vessel design?
The Pitfalls of Confidentiality Agreements
ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. Noting that it is increasingly being asked to comment on confidentiality (or so-called nondisclosure) agreements, ITIC said, “The use of such agreements has always been common when parties are considering doing business but need to provide information to the other party before they enter into a formal contract.
DP World London Gateway Attracting New Container Shippers
As Britain’s new hub port celebrates its first birthday DP World London Gateway has expanded its network of shipping links and destinations, attracting a series of new deep-sea container shipping services. Mediterranean Shipping Company (MSC) has confirmed that from next month (December), its service from South Africa to UK/Northwest Europe will make a direct London Gateway call, switching from the Port of Felixstowe.
New Solutions for Electric Ship Propulsion
For many years the start-stop function has become a common feature on automotive engines to reduce both fuel consumption and emissions. But the saving potential is much larger with onboard electrical power supply and propulsion systems. Long-term measurements onboard passenger vessels with diesel-electric propulsion systems have shown interesting insights into the load balance. The operational time with 30 to 40% load, for instance, is much longer than that of 70 to 80% load.
Jensen, Vigor to Unveil Factory Trawler Design
Jensen Maritime and Vigor will unveil the design for a new 352-foot catcher processor/factory trawler at the Pacific Marine Expo on Nov. 19. The design is the product of collaboration between Jensen…
L-3 SAM Electronics to Equip Two OSVs
L-3 SAM Electronics has been awarded a contract to provide the complete electrical package, including cable engineering and installation, energy distribution, propulsion, lighting and infotainment systems, as well as internal and external communications systems, for two offshore supply vessels for the Norwegian shipowner, Siem Offshore. Built by Flensburger Schiffbau-Gesellschaft (FSG), located in northern Germany…
Samskip Puts Multimodal Transport on the Norwegian Agenda
Samskip Multimodal presenting a ship model to the Norwegian Minister of Transport, Ketil Solvik-Olsen, last week, signalling its commitment to shortsea in specific and multimodal services, the company said. Samskip joined the Port of Oslo and the Norwegian Port Association to present the model on behalf of the shipping industry, to highlight shortsea’s contribution to policy aims, given its absence from the Government’s 2015 agenda.