Garamendi Introduces Bipartisan GPS Backup Bill
Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation, introduced the bipartisan National Positioning, Navigation, and Timing (PNT) Resilience and Security Act of 2015, H.R. 1678. H.R. 1678 would require the Secretary of Defense, in coordination with the Commandant of the Coast Guard and the Secretary of Transportation…
Soo Locks Open for Great Lakes Shipping Season
At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season. The locks at Sault Ste.
Lack of Ship Definition is a Threat to Investors
AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors. AKD partner Haco van der Houven van Oordt says, “In many jurisdictions, including the US and the UK, there appears to be no clear definition of a ship. A recent Tulane Maritime Law Journal study…
UK North Sea Workers Give "Overwhelming" Support for Strike
Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative…
3D Machining Puts Wind in the Sails
Established in 1984 as a company dedicated to engineering marine motors, Armor Mécanique is situated in the port of Lorient. And while the coastal view remained picturesque, the ensuing years brought change. The company, founded by Marcel Février, is now dedicated to precision engineering and boilermaking. In 2005, upon Février’s retirement, experienced precision engineer Franck Vincent took on management of the company.
Two ASD Tugs Delivered to URAG
URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the port of Hamburg under the URAG subsidiary Lutgens und Reimers (L&R). The order for the tugs was placed in September 2014 and work began immediately on the twin vessels at the Damen’s partner yard Song Thu (Da Nang) in Vietnam. Like the Prompt…
New Workwear Lifejacket Introduced
Ocean Safety has introduced a new range of workwear lifejackets. The new Kru Workwear range completes Ocean Safety’s lifejacket offering, providing a wide choice for personnel working in both the commercial and leisure industry. “We are pleased to announce the addition of the new Workwear models to our Kru range of lifejackets”, commented Ocean Safety’s Dave Evans. The Kru Workwear range comprises five models, individually designed for each type of user.
HHI’s 2014 Results Fall Short
The world’s biggest shipbuilder, Hyundai Heavy Industries (HHI), held its 41st Annual General Meeting of Shareholders in Ulsan, South Korea. The meeting agenda included…
Hamburg Süd Christens Third San Class Ship
Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo. The new ship class in the Hamburg Süd fleet has a nominal container slot capacity of around 9,000 TEU and with 1,370 reefer slots for refrigerated containers a correspondingly high reefer capacity. San Vicente’s sponsor is Elisa Maier…
Rolls-Royce Propulsion for Polar Research Vessel
Rolls-Royce informs it has been awarded a contract by shipbuilder Fincantieri to supply a fully integrated propulsion system for Norway’s new Polar Research Vessel, which will carry out environmental research at the North and South Poles. The Rolls-Royce system includes gensets with a power electric system, a range of thrusters and automation and control systems. The vessel, to be named FF Kronprins Haakon…
Swedish Club Reports 'Healthy Growth'
The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance products across the board returned a staunch to high surplus. Renewals were in line with that market environment showing a modest increase in both tonnage and new members.
Plans in Place to Test Intermodal River Transport
The Paducah-McCracken County Riverport Authority and Ingram Barge Company has announced plans to assess the viability of Intermodal River Transportation, utilizing the largest flat-top crane in North America owned by the Paducah Riverport Authority and Ingram’s towboats and barges. The Paducah Riverport Authority owns the 200-ton, Linden Comansa, the largest flat-top tower crane in North America, with a lift capacity of 53 tons up to 100 feet from the tower, and a boom that stretches 250 feet.
K-Line Executive Pleads Guilty to Price Fixing
An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices…
CSIC, CSSC Dismiss Shipbuilder Merger Rumors
China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.
Russia Names Nominee for IMO Secretary General
The Russian Federation has nominated Vitaly Klyuev, Russia’s Deputy Director of the Department of State Policy for Maritime and River Transport, as a candidate for the post of Secretary General of the International Maritime Organization (IMO), marking the first time ever that a candidate from Russia will compete for the IMO SG's post. Russia has been a member state of the IMO since the organization’s inception.
Asia-Europe Box Rates Fall Almost 6 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday…
Statoil: Polarled Pipe-Laying Kicks Off
On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas…
Cosco Bulk Shipping Losses Down in 2014
China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market.
Steady Growth Reported by the Swedish Club
The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the…
MOL’s Coal Carrier for Tokyo Electric Power
Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard…
