Triyards Bags Liftboat Orders
TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note…
PSA Marine Expands into Middle East
PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine (Pte) Ltd (PSA Marine) and Golden Dunes International LLC (GDI), will commence…
South Korean Shipyard Orders Plunge
As the global shipbuilding orders have declined due to fall in oil prices, the South Korean shipbuilders have also experienced a steep fall in order levels too, says latest data.
India: Shipping Firms Should Consider Loan Restructuring
Indian minister for shipping, Nitin Gadkari, says that was a dire need for restructuring of shipping companies’ debt and suggested the finance ministry to talk to…
Is Oil Price Pain, Shipping Industry's Gain?
Tumbling prices and oversupply may be cause for concern in the oil industry, but shipping industry it can represent a window of opportunity. A simple statistical…
Australia: Murray Mouth Dredging Starts
Dredging of the River Murray mouth has begun as the South Australian Government was granted funding from the Murray Darling Basin Authority to keep the channel open over summer.
Angola Places Order for Transport Vessel
Angola has placed an order to Francisco Cardama shipyard in Vigo, Spain for the construction of a cargo and heavy vehicles transport ship to connect Luanda and Cabinda.
German Ship Financier Target Asian Private Equity
Germany’s second biggest financier of ships Norddeutsche Landesbank (NordLB) is tapping Asian investors and private-equity funds to invest in its shipping loans.
World's Largest Crane Ship Arrives in Rotterdam
Pieter Schelte Heerema, one of the largest ships in the world with a length of more than three football fields, arrives at the port of Rotterdam for the last works before it is operational.
Bangladesh Reopens Shela Route
The Bangladesh government has decided to allow vessels to ply through the Shela River in the Sundarbans, defying the recommendations of the UN experts and environmentalists.
Matson Raises Fourth Quarter Outlook
Matson, Inc. said it holds a higher operating income outlook for the fourth quarter 2014, citing higher than expected freight rates and volumes as well as declining bunker fuel prices leading to gains. The company also made preliminary comments regarding its outlook for 2015, stating it anticipates flat to higher income for the coming year. Matson said it expects fourth quarter 2014 ocean transportation…
Cavotec Secures €11.5m in Port Equipment Orders
Cavotec announced it has received orders for its port technologies in Australia, Indonesia, Oman, Portugal and Turkey, and for two major shipping lines, with a combined value of more than EUR 11.5 million. Cavotec will supply eight MoorMaster automated mooring units for installation at a container berth at the Port of Salalah in Oman, where a number of MoorMaster units have been in service for several years.
Canaveral Upgrades Bulk Conveyor System
The new $1.5 million bulk conveyor system at Port Canaveral was utilized for the first time by Martin Marietta when the Bahamas Spirit discharged limestone at South Cargo Pier 4. The Canaveral Port Authority invested in the system with Martin Marietta to enhance terminal operational efficiencies and increase productivity. The new and improved conveyor system is now capable of offloading 2,000 tons per hour.
Tsuneishi Builds 200th Kamsarmax Bulk Carrier
Tsuneishi Shipbuilding Co., Ltd. finished building an 82,000-mt D/W type bulk carrier Ultra Lion on January 7, 2015, marking the completion of the builder’s 200th Kamsarmax model vessel. Built by Tsuneishi Group Shipbuilding, Inc. at Zhoushan City in the Zhejiang Province of China, the Ultra Lionwill be delivered to buyer KambaraKisen Co., Ltd. The first Kamsarmax bulk carrier was completed in February of 2005.
ACP Signs Pact with Lake Charles Port
Agreement meant to capitalize Canal expansion while attracting new LNG customers. The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer. Currently, LNG vessels cannot transit through the waterway due to their beam dimensions…
ALMACO Group Earns ISO 14001, OHSAS 18001 Certifications
ALMACO Group has received multi-site certifications for ISO 14001:2004, for implementation of Environmental Management Systems (EMS), and OHSAS 18001:2007, for developing Occupational Health and Safety (OH&S) management systems, in compliance with the international standards. The certifications cover ALMACO’s products and services comprising engineering, procurement, construction, total project management…
ENI Extends Contract with Ocean Rig
Several of Ocean Rig UDW Inc. subsidiaries have entered into an omnibus agreement with ENI Angola S.p.A pursuant to which ENI has exercised its option to extend the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017. As part of the contract extension for the Ocean Rig Poseidon, Ocean Rig has agreed to adjust the existing dayrate of the Ocean Rig Poseidon…
ARTEMUS Deploys Cargo Information Software
ARTEMUS Transportation Solutions has deployed its new, web-based software, which provides clients the tools to submit electronic cargo information for all cargo destined to Japan and transiting the Panama Canal. Both single entry screen systems meet the requirements of Japan AFR for Japan Import Cargo and Panama Canal's EDCS filing regulations for cargo transiting through the Panama Canal. These new products add to the solutions already available to NVOCC's…
Hoegh Osaka Update: Salvage Work Resumes
Authorities hope to continue the salvage operations of car carrier vessel Hoegh Osaka which ran aground shortly after its departure from the Port of Southampton January 3. According to the U.K. Maritime and Coastguard Agency (MCA), Hoegh Osaka is currently stable at the anchorage after unexpectedly self-floating yesterday. Three tugs kept the vessel in place overnight despite some high winds in the early hours.
Webb Institute Welcomes Assistant Professor, Daidola
John C. Daidola has joined Webb Institute as Assistant Professor of Structural Engineering. Dr. Daidola is a structural engineer with over forty-years of experience. His early experience was as Design Engineer at Newport News Shipbuilding and Dry Dock Company and as Chief Naval Architect at Storm-Master Boat Corporation. He was employed for 28 years at M. Rosenblatt & Son, Inc., where he worked as Senior Vice President and Engineering Branch Manager.
