Hapag-Lloyd Swings to Profit in H1 2015
German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV)…
Cosco Pacific Profits up 12%
Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control and…
Malaysia, Indonesia Team up to Fight Piracy
An increase of incidents of piracy and armed robbery in SouthEast Asia has prompted Malaysian and Indonesian law enforcement to form a joint rapid deployment team in response…
MPA Rewarded for Green Practices
The Maritime and Port Authority (MPA) clinched top honours at this year's Singapore Environmental Achievement Awards. MPA has won two of the three titles given to the sector…
MPA Fines Unlicensed Bunker Supplier
The Maritime and Port Authority of Singapore (MPA) has fined JL Petroleum for supplying marine fuel in the world’s largest bunkering hub without a valid license.
CNOOC Profits Nosedives, Eyes South China Sea
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year. Net income dropped to 14.73 billion yuan ($2.3 billion)…
US Plans More Maritime Drills in Asia
The United States will increase the number of drills it conducts in the Asia-Pacific as part of its new strategy to counter to China’s expansion in the South China Sea…
Collaboration Helps Save 2 from Sinking Yacht
The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early Wednesday morning 18 miles east of Alpena, Michigan in Lake Huron. Shortly after 9 a.m., watchstanders at Coast Guard Sector Sault Ste. Marie, Michigan, received a call from two men aboard a 42-foot sailboat stating their vessel was taking on water approximately 18 nautical miles east of Alpena in Lake Huron.
Austal Delivers Record Profit Increases
Shipbuilder Austal Limited announced it has delivered record revenue and record earnings for the year ended June 30, 2015, with Net Profit After Tax (NPAT) of $53.2 million, a 66.8 percent increase on FY2014. Austal’s best result in its 27-year history was generated from revenue of $1.41 billion, a 26 percent increase on FY2014, achieved from multiple vessel programs, including major navy defense and patrol boat programs for the U.S.
Keel Laid for US’ Next Aircraft Carrier
Newport News Shipbuilding celebrates the keel-laying of aircraft carrier John F. Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), celebrated the keel laying of the aircraft carrier John F. Kennedy (CVN 79), the second ship of the Gerald R. Ford class. Caroline Kennedy, the daughter of the ship's namesake, the 35th President of the United States, is the ship's sponsor. She…
USCG Medevacs Sailor from Navy Destroyer
U.S. Coast Guard rescue crews medically evacuated a 23-year-old male Tuesday at approximately 10:40 p.m from U.S. Navy guided-missile destroyer USS James E. Williams (DDG 95), 220 miles off the coast of Chatham, N.J. Coast Guard 1st District Watchstanders received notification from Navy Fleet Forces that a crewmember had a medical condition that required immediate attention at approximately 9:45 p.m.
Powering the First Electric Commercial Fishing Boat
Corvus Energy announced a Corvus ESS with a Siemens BlueDrive PlusC marine propulsion system will power the Selfa Elmax 1099 electric fishing boat designed and built by Selfa Arctic AS. The 11 meter electric vessel will have a 195 kWh ESS consisting of 30 Corvus AT6500 lithium polymer battery modules. The fishing boat, designed to operate entirely on Corvus battery power over a planned 10-hour working day…
The FPSO Cost Discussion
At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for cost-cutting in floating production storage and offloading projects. Rather than stamp out competing arguments, a relentless costs discussion had another, unexpected effect.
MN 100: Blount Boats, Inc.
Over time, the Blount shipyard has built 363 vessels, including such iconic designs as the 130-foot, 600-passenger Miss Liberty. Built in 1952, the vessel is believed to have carried more total passengers than any other vessel in the world. Hull number 93, built in 1955, the “Blount 65’ made its debut and was an immediate success with ferry, commuter and excursion operators. Just under 65’ long, it was an important “break point” in Coast Guard regulations.
Interview: Germán Carlos Suárez Calvo, CEO of Astican & Astander Shipyards
How did you find a career in the maritime industry? As a consequence of my father´s dedication to the industry, as founder of a shipping agency in the early eighties as well as partner in a large shipping company and shipyard´s ownership, I grew up in this atmosphere and orientated my academic training towards being able to continuing what he and his business partners created and developed. Although I did start my professional career dealing with other type of businesses within my family…
MN 100: AEP River Operations
AEP River Operations offers the largest covered hopper fleet of any carrier. Complementing its barge operations is a fleet of over 80 boats ranging in power from 1,550 to 11,000 hp. Headquartered in St. Louis, Missouri, AEP River Operations is a barge company offering service in the transportation of dry bulk commodities – grain, project cargo, coal, steel, ores and other bulk products – throughout the inland river system.
MN 100: Baker Marine Solutions, LLC
Baker Marine Solutions (BMS) is an industry leader providing marine assurance and consulting services, performing DP assurance, OCIMF- OVID inspections, IMCA CMID inspections, and marine warranty surveys as well as on board marine representation, and project/vessel management services. BMS has provided analysis for most major oil companies, on some of the largest most sophisticated offshore vessels operating in the industry today.
NNPC Ends Offshore Processing Agreements
Nigeria's state oil company has cancelled its contract for the delivery of crude to the country's refineries in Warri, Port Harcourt and Kaduna, it said on Wednesday.
Ballast Water Tech Business Gearing for a Surge in ‘16
While the trek to see the ballast water technology market ‘really take off’ has stretched more than a decade longer than he anticipated, Ecochlor’s president Tom Perlich has maintained course and is ready to grow in rapid step with the market. When Tom Perlich left Corporate America in 2001 to start Ecochlor, he left behind the security of a major corporation and all of its benefits, just one month after the birth of his fourth child. Why?
US Navy Sub Completes Arctic Deployment
Fast-attack submarine USS Seawolf (SSN 21) returned to its homeport of Naval Base Kitsap-Bremerton August 21, following a six-month Arctic deployment during which it conducted routine submarine operations, including under-ice transits and under-ice operations. "The crew performed superbly on multiple operations in the 6th Fleet area of responsibility," said Cmdr. Jeff Bierley, Seawolf's commanding officer, from Birmingham, Alabama.
