Aker Solutions Post 4Q 2014 Results
*EBIT margin ex. Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business.
MOL JV Ink Deal for 2 LNG Vessels
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE…
Harvey Gulf Claims Another LNG Milestone
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support…
Road Show Scouts Female Submariners
Capt. Rod Hutton, deputy commander for the Enlisted Women in Submarines Task Force, led the Enlisted Women in Submarines Road Show to different military bases in the San Diego area Feb. 9-11.
Robert Jumonville Wins AAPA Cruise Award
Former Port of New Orleans Cruise and Tourism Director Robert Jumonville received the 2015 American Association of Port Authorities (AAPA) Cruise Award yesterday…
Hapag-Lloyd Increases English-Speaking Guests by 230%
German line Hapag-Lloyd Cruises said the number of English-speaking guests on its newest ship, Europa 2, increased 230% in 2014. The company, which operates four ships in Germany…
DP World to Build Third London Gateway Container Berth
DP World London Gateway plans to move forward with a third berth at the UK’s new deep-sea hub port, which will increase deep-sea access for ships carrying UK imports and exports.
Shanghai’s Pudong Shipping Hub is Bullish
Shanghai’s Pudong New Area has made progress in building an international shipping center last year and the opening-up reforms in the city’s free trade zone (FTZ)…
Arctic Shipping Emissions to Increase by 600% in Ten Years
The emissions from Arctic shipping traffic could rise 150-600 percent by 2025, the environmental group Friends of the Earth reports. As global warming intensifies and Arctic sea ice melts…
West Coast Ports Dispute and US Economy
A face-off between economists on the cost of West Coast port slowdown on U.S. economy. Vital shipping ports on the West Coast are closing amid a labor dispute between…
Port of Antwerp Opens Training Centre in Mumbai
Port of Antwerp in Belgium, the second largest port in Europe, is rolling out a training centre in Mumbai to offer training for port professionals in India. Temporary…
ASL Marine's Profits Plummet
Singapore-based ASL Marine's profits for the second quarter ended 31 December 2014 dived 78.4% year-on-year to SGD1.432 million (USD1.05 million). Revenue also plunged…
Maritime Security Top Priority for Nigeria
Nigerian maritime industry has hailed President Goodluck Jonathan over what they called the "giant strides" he has made in the sector and lauded him for the steps…
Odfjell to Implement Fleetwide e-Navigation
Odfjell will roll out NAVTOR e-navigation solutions throughout its entire fleet, a move that aims to increase operational efficiency while reducing the number of man-hours spent on administration across the ship owner’s 50 deep-sea vessels. E-navigation specialist NAVTOR will facilitate Odfjell’s transition from paper charts to paperless navigation, ensuring its vessels meet the class deadline for compliance with the IMO’s ECDIS mandate July 2015.
Bennett Named BOEM’s Chief for OREP
The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP), the program responsible for overseeing offshore renewable energy development on the Outer Continental Shelf. Bennett has 35 years of Federal service and has served in a variety of capacities around the Department of the Interior and the Bureau.
Settlement Approved Between USCG, Tug Operator
A settlement between the U.S. Coast Guard (USCG) and the operator of the tug Shannon was approved Tuesday by a U.S. Federal Administrative Law Judge. The settlement…
Kvichak Delivers 2 Boats to West Coast Launch
Kvichak Marine delivered two all-aluminum 36.6’ crew/pilot boats to West Coast Launch, Ltd. (WCL), which operates year-round as a water transportation company in Prince Rupert, B.C., Canada. The new vessels, Lelu and Kitson, will join the five vessels already operating in the West Coast Launch fleet, as the company prepares for the growth of Prince Rupert and the demands for transportation with the LNG industry.
Moore Stephens Warns Offshore Maritime Sector to Watch Costs and Risk Exposure
International accountant and shipping adviser Moore Stephens said today that companies in the offshore maritime sector need to keep a close watch on costs and manage their exposure to risk in the wake of the dramatic fall in oil prices. “It is remarkable how quickly the dramatic fall in oil prices has fed through to increasing levels of financial stress in the oil and gas services industry, where the sudden drop to around $50 a barrel is triggering cost-cutting across much of the sector…
NOL Posts Loss for Third Consecutive Year
Neptune Orient Lines (NOL) reported a 2014 net loss of $260 million today, marking the third consecutive year in the red for the Singapore-based global shipping company. NOL, parent company of APL, did reduce its 2014 fourth quarter Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss 79% against 2013 fourth quarter numbers. The group also improved its Core EBITDA in the quarter, bringing it to US$92 million compared to US$7 million in the same period last year.
DOI Issues FSEIS for Chukchi Sea Lease Sale
The U.S. Department of the Interior (DOI) released a Final Supplemental Environmental Impact Statement (FSEIS) for Chukchi Sea Lease Sale 193, moving the DOI a step…
