Fishing Vessel Sinks Off Alaska
U.S. Coast Guard Sector Juneau personnel are responded to the sinking of the 80-foot fishing vessel Eyak approximately 13 miles south of Sitka Harbor, Monday. Sector…
Slow Economy Growth Offers No Respite for Shipping
A limited economic growth potential and a slow recovery pace of the global economy only ease the pain in the global shipping industry somewhat, BIMCO reported, adding that while the industry continues to suffer from oversupply in the freight market, the IMF now projects the demand side to be even less accommodative than previously assessed. In the just released January World Economic Outlook update…
Innovative Financing Increases Infrastructure Unvestment
Last July, President Obama announced the Build America Investment Initiative, an Administration-wide effort aimed at boosting private investment in our nation’s infrastructure. And Friday, Vice President Biden announced new steps that federal agencies are taking to bring private sector capital and expertise to bear on improving our nation’s roads, bridges and broadband networks. These actions and announcements…
The Deepwater Sector's Perfect Storm
The drop in oil/gas prices and ongoing implosion in Petrobras have combined to create a perfect storm in the deepwater sector. More than 170 projects involving oil production floaters and 35 floating liquefaction projects are in the planning stage. But oil company capital budgets are being trimmed to offset the downturn in revenue and investment decisions are being deferred until oil pricing rebounds…
GTT, Conrad Shipyard Ink Deal for LNG Barges and Bunker Tanks
Gaztransport & Technigaz (GTT) announced that its U.S. subsidiary, GTT North America, has signed a Technical Assistance and License Agreement (TALA) with U.S. shipbuilder…
Two Executive Changes at HII
Huntington Ingalls Industries (HII) announced that William Ebbs has taken on the new role of vice president, federal policy, and Andrew Hicks has been promoted to vice president, legislative affairs. Both will report to Mitchell B. Waldman, corporate vice president, government and customer relations. "Will and Andrew have been important members of our legislative team and have tremendous experience working with Congress and the executive branch of the government," Waldman said.
SSI Webinar: ShipConstructor PipeLink
SSI will host a free technical webinar intended to introduce end-users to its new product, ShipConstructor PipeLink, on Wednesday, January 21, from 8:30-9:30 a.m. PipeLink allows the piping systems within a ShipConstructor project to be used within other business processes and applications such as ISOGEN integration for Isometrics and pipe bending machine automation. The webinar session will be comprised of a short introduction and live demonstration.
Five Airlifted from Sea after Fishing Vessel Sinks
The U.K. Coastguard was notified of a fishing vessel in distress just before 11 a.m. this morning. The Iuda Naofa, a 23-meter Irish fishing vessel, was taking on…
ABS Awards AIP for Next-generation Drillship
ABS has awarded approval in principle (AIP) for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design. The drillship, which can accommodate a 20,000-psi blowout preventer system, has been designed in full compliance with the ABS Guide for the Classification of Drilling Systems (CDS Guide) and other applicable ABS Rules and industry standards. The HD12000 drillship will be capable of operating in 12…
Sustreanu Named COO of FleetPro Group
Christine Sustreanu will join FleetPro Group June 1, 2015 as its new chief operation officer (COO), the company announced in a press release. Sustreanu, who presently serves as general manager at Uniworld Boutique River Cruise collection, will replace Robert Heijlands, cofounder and COO of FleetPro, who decided to resign when handing over the COO role to Christine Sustreanu. “Robert Heijlands has been instrumental in the successful growth and high client satisfaction of former River Advice…
Seakeeper Poised for Growth in 2015
Shipments of gyros increased 46% over 2013 as more boat manufacturers added Seakeeper as standard and optional equipment on new builds. A sizable portion of its sales also came from refits. Additional sales personnel, third party partners and industry acceptance helped to increase this segment. The company expanded its markets in 2014 with its portfolio of five new models, scaled to fit a wider range of boats from 30'–220'.
Euronav Announces IPO in the US
Euronav NV announced the commencement of its underwritten initial public offering in the United States of 13,550,000 ordinary shares. The company will grant the underwriters a 30-day option to purchase additional ordinary shares representing up to 15% of the offered shares. On January 19, 2015 the closing price of the company’s ordinary shares on Euronext Brussels was $12.94 per share (based upon the Bloomberg Composite Rate of EUR 0.8604 per $1.00 USD in effect on that date).
ITF Repeats Call for Rotterdam Dialogue as Dockers Protest
The ITF (International Transport Workers’ Federation) called for all-party talks on the future of the port of Rotterdam, as dockers refused to unload a ship loaded at the new Rotterdam Gateway (RWG) terminal. RWG, unlike other companies at the port, refuses to negotiate a collective bargaining agreement with port workers, who are represented by the FNV Havens union. On Sunday the vessel Alsvin loaded containers at RWG, in what was believed to be a test operation.
Cummins' Carter to Retire
Cummins Inc. announced that Distribution Business President Pamela Carter, the first woman to lead one of the company's four main business units, will retire April 1. Carter, who became Indiana's first African American woman Attorney General in 1993, has been with Cummins since 1997. She initially served as the Company's Vice President - General Counsel and Corporate Secretary. Carter then held several key positions within Cummins Fleetguard before leading Cummins Filtration from 2005 to 2007.
Mahoney Joins WR Systems as Business Director
WR Systems Ltd. has announced Mark Mahoney as the new Director of Domestic Maritime Business. Mahoney comes to WR from Northrop Grumman Sperry Marine, where he spent almost 25 years honing his technical maritime expertise in a variety of roles, including marketing, contracts and compliance. His most recent position was Service Manager for the Americas region.
Contracts Boost for Maritime Developments
Specialist back-deck equipment provider Maritime Developments has won contracts worth in the region of $10.6 million and broadened its product portfolio. The company, which supports subsea industry operations worldwide, has secured the first order for its innovative portable overside vertical lay system (PVLS) from a leading installation contractor. Maritime Developments will deliver a bespoke vertical…
TSA, Coast Guard in AK Pot Discussion
Presiding over busy waterways and airspace that serve as unofficial highways of an inhospitable state twice the size of Texas, the federal government has a looming…
S.Korean Ferry C/E Overcome by Fear, Panic
The chief engineer of the doomed Sewol ferry who was jailed for 30 years for leaving behind two injured crewmates believed they were dead and had acted in "a state of extreme fear and panic…
ABB, Solar Impulse Join Forces for Round-the-world Flight
ABB, the leading power and automation technology company, is proud to accompany Solar Impulse and its crew on the plane’s flight around the world powered only by energy from the sun.
Cost Overrun Hits Panama Canal Expansion
Widening the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work says a report from AFP. The…
