Baltic Index Down on Muted Vessel Activity
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday as vessel activity remained weak. The overall index…
Damen Introduces New OPV Design
On April 20, Damen gave a sneak preview of its newly designed second generation offshore patrol vessels (OPVs) during the annual OPVs & Corvettes Asia Pacific conference in Singapore. Damen’s Design & Proposal Manager Piet van Rooij explained how this new OPV has been configured for various missions. According to the designer, this new generation of reconfigurable Damen OPVs is highly efficient and incredibly versatile.
CWind Wins Third Straight Health & Safety Award
CWind, a provider of services to the offshore wind industry, has once again won the RoSPA Occupational Health and Safety Gold Award. The Gold award in the annual…
Guidance Issued for Walk to Work Approach
Offshore facility operators can now consider an alternative and more cost-effective means to transfer personnel to and from their facilities, which is safe, efficient and regulatory compliant, DNV GL said. A new industry guideline is the culmination of a joint industry project (JIP) led by DNV GL to facilitate in helping those involved develop Walk to Work (W2W) solutions and understand the important aspects required during its selection and implementation.
Intertek Launches Decommissioning Services
Intertek said it is launching a new set of oil and gas decommissioning services to help manage costs and asset inventory. The company showcased the new services, which focus on the circular economy approach, at Decom North Sea’s lunch and learn yesterday. Pirie continued, “Circular economy provides great opportunities for decommissioning, when planned correctly it can create greater cost control as well as ensuring that redundant materials are removed and used in the most effective way possible.
Port of Long Beach Hosts Cargo Forecast Event
Experts from across the goods movement industry spoke at the 11th annual “Pulse of the Ports: Peak Season Forecast,” an event hosted by the Port of Long Beach that drew 600 people to the Long Beach Convention Center’s Pacific Ballroom to hear how current trends will affect trade throughout the rest of the year. While the annual event explores the cargo forecast, this year’s session also discussed the…
Iran Embassy: Maersk Vessel to be Freed after Debts Settled
Iran's embassy in Denmark said the Maersk Tigris vessel that Iranian forces seized on Tuesday would only be released once the Danish shipping company settled debts…
TNPA’s Tug Project Going Full Steam Ahead
Transnet National Port’s Authority’s R1.4 billion contract to produce nine powerful tugboats is progressing on time and within budget at the Southern African Shipyards premises in Durban. “This is a milestone project that reinforces the capacity and skill of South Africa and indeed Durban when it comes to competing in the global shipbuilding industry,” said TNPA program manager Eugene Rappetti, Senior Manager for Marine Operations.
ERMA FIRST Debunks 10 BWT Myths
ERMA FIRST’s International Sales Manager, Leif Erik Caspersen, during his presentation at Green4Sea Forum, which was held on Wednesday, April 22, at Eugenides Foundation. Ship owners organizations will force IMO to postpone the ratification of the International Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM). This myth was debunked, as it was clarified that this is not going to happen.
BMT’s Simulation Tool Supports the Three Queens’ Visit to the Mersey
BMT ARGOSS, a subsidiary of BMT Group Ltd, has assisted Liverpool Pilots in its planning for the visit of Queen Elizabeth, Queen Victoria and Queen Mary 2 to Liverpool in May 2015. Liverpool Pilots have used BMT’s ‘REMBRANDT’, real and fast time simulation and training tool to undertake detailed planning of how the three vessels will manoeuvre in close proximity in the River Mersey, at the narrowest point close to the Cunard Building downtown.
Topaz Energy and Marine Secures $550m Facility
Topaz Energy and Marine, an offshore support vessel company, announced a new $550 million facility. The facility is arranged over three tranches. The first is a…
Polarcus Revenues Down in ‘Uncertain Market’
Polarcus Limited released its first quarter 2015 financial statements, reporting revenues of $81.1 million, down 33 percent from same quarter the previous year. The company’s gross cost of sales were $68.7 million, down 13 percent from same quarter the previous year. Polarcus reported improved liquidity position by $59 million following an amendment agreement with the banks, as well as an extension of maturity of the $125 million convertible bond by two years to 2018.
Imtech Marine/Radio Holland Renew DNV GL Approval
Imtech Marine was awarded the three-year DNV GL global certification renewal in February 2015. It concerns Inspection and Testing of Radio Communication equipment, Automatic Identification Systems and testing and inspection of Voyage Data Recorders (VDR). Radio Holland, Imtech Marine’s NavCom and Maintenance brand, started the already long-standing relationship with both DNV and GL, which continued when Radio Holland became part of Imtech Marine.
Asia-N.Europe Box Rates at New Low
Freight rates for the shipping of containers from Asia to Northern Europe fell by 1.7 percent to a record low $343 per 20-foot container (TEU) in the week ended Thursday…
COSCO Q1 Profit Sinks on Shipyard, Shipping Weakness
COSCO Corporation Singapore Ltd, part of one of China's largest shipbuilding groups, said its first-quarter net profit dropped 94 percent year-on-year to S$766,000 ($579…
Shell Awaits U.S. Nod, Pushes Ahead in Arctic
Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo…
Maersk: Iran Must Release Ship, Crew
Denmark's Maersk shipping said on Thursday it insisted on the release of a vessel and crew seized by Iran, adding it assumed the incident was related to a 2005 court case over uncollected cargo.
Scandlines Raises Profitability, Competitiveness in 2014
Scandlines reports good financial results in 2014 as the company strengthened its competitive position through significant investments in new ferries as well as…
Project to Make e-Navigation a Reality
The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea.
Peel Ports Launches Cargo200 Initiative
The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the…
