TORM Mulls 2016 NYSE Listing
Denmark-based tanker shipping company TORM A/S announced last week that it is considering the implementation of a new structure that would potentially include listing on the New York Stock Exchange and Nasdaq Copenhagen. If undertaken, the move is expected to be completed in 2016.
Lithuania Opens Door to LNG Re-exports
Lithuania's parliament on Tuesday approved amendments which will allow the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, the energy ministry said.
New RIB Delivered to Vermont State Police
The Vermont State Police Department Marine Division has taken delivery of a specialized RIBCRAFT 7.8 RIB built by RIBCRAFT, a U.S. manufacturer of professional grade rigid inflatable boats for safety professionals, law enforcement and military agencies. The 25-foot RIB is the third RIBCRAFT boat in the Department’s fleet and will be used by the State Marine Patrol for patrol, enforcement operations as well as search and rescue applications on Lake Champlain.
Moffatt & Nichol Hires Chief Software Architect
Brian Yoder has joined Moffatt & Nichol as Chief Software Architect at its Long Beach, Calif. office to help manage the software product development of FlexTerm, a simulation and emulation tool developed mainly for the container terminal planning, the terminal operating system testing, the logistic system modeling and optimization in ports and terminals. The software allows for better analysis of dynamic processes and visualization of operational processes through 3D animations.
Historic Vessel Laser Scanned for Hull Refit
New York’s Lake George Steamboat Company recently commissioned API Services to laser scan the hull the oldest boat in its fleet, the 107-year-old Mohican. The original Mohican, in service from 1894 to 1907, was a 93-foot wooden hull vessel. The ship was replaced in 1907 by a steel-hulled vessel christened the Mohican II in the summer of 1908, thus beginning the first of her 107 years of continuous service on Lake George.
Dual Fuel Bulker Gets AIP from Class NK
Classification society ClassNK has granted Approval in Principle (AIP) to a 98,000 dwt LNG-fueled bulk carrier design developed by Maritime Innovation Japan Corporation (MIJAC).
GIB India Adds Bunker and Lubricant Trader
Global marine fuel and lubricant trading and brokering company Glander International Bunkering (GIB) has hired Ankita Batra as a trader for its India office. Batra joins (GIB) with a post graduate in the domain of Energy Trading from the University of Petroleum and Energy studies, Dehradun. Batra speaks Hindi and English and is familiar supplying in the ports of India, Singapore and Fujairah.
Cummins Darlington: 50 Years of Engine Production
UK-based Cummins Darlington is celebrating its 50th anniversary during 2015. Since opening, around 1.5 million engines have been built in the factory for customers worldwide, providing power for vessels as well as land vehicles. Work began in 1963 on the £8.5 million plant with engine production commencing in 1965, having more than 400 employees’ onsite. The production line assembled Cummins range of Small Vee V6 and V8 engines, named VAL and VALE.
Port of Hamburg Reports Cargo Downturn
Germany’s largest universal port reported the effects of weakened Chinese foreign trade plus the steep downturn in trade with Russia during the first nine months of the year. Totaling 104.6 million tons, seaborne cargo throughput in Hamburg was down 4.8 percent from last year, despite higher bulk cargo handling in the first three quarters of 34.3 million, up 8.7 percent. Meanwhile, container throughput in the first nine months totaled 6.7 million TEU, down by 9.2 percent.
Electronic Charts on a Paper Scale
JRC and Alphatron Marine have launched a new digital AlphaChartTable comprising of a dramatically increased 46-inch touch display where routes can be planned on a “paper chart” scale. By use of the digital chart table, navigators are now given an intuitive and user friendly interface to plan optimal routes by touch operation. The software gathers and overlays the data officers require, including ENCs…
Norway's Statoil to Exit Alaska
Norwegian oil major Statoil said on Tuesday it will pull out of Alaska as its exploration leases in the Chukchi Sea no longer looked competitive. "Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out, but given the current outlook we could not support continued efforts to mature these opportunities," Statoil exploration chief Tim Dodson said in a statement. The firm will exit 16 Statoil-operated leases…
Georgia, South Carolina Ports Advance Joint Venture
The Georgia and South Carolina Ports Authorities have signed a new joint venture agreement that provides framework for the two states to work cooperatively toward…
Ship Operating Costs to Rise Over Next Two Years
The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry. The average decline in ship operating costs across the sectors covered in the report in 2015 was one percent, but for ships that are big consumers of lube oils, the decline in overall costs was closer to two percent.
Mackay Acquires CMC’s Marine Business
Mackay Communications, Inc. acquired CMC Electronics’ commercial marine business on October 30, 2015, from Canadian parent, Esterline, a supplier of aviation systems.
China: "Great Restraint" in South China Sea
China has shown "great restraint" in the South China Sea by not seizing islands occupied by other countries even though it could have, a senior Chinese diplomat…
Intellian to Debut New Satellite TV Antenna
The latest product to join Intellian’s i-Series antenna range, the i5P, will be unveiled at the METSTRADE exhibition November 17-19 in Amsterdam. Intellian, a producer…
Draft Law on Arctic Development
The draft law on the development of the Arctic region will be discussed at a joint meeting of the Presidium of the Advisory Council on the Arctic and Antarctic in…
Triyards Extends Product Range to Escort Tugs
TRIYARDS Holdings Limited has extended its product range to escort tugs for new client Greenbay Marine Pte Ltd, a Singapore-based international specialist marine craft group…
NYK Orders 5,500 Reefer FEUs
NYK has placed an order for 5,500 technologically advanced 40-foot refrigerated (reefer) containers, which are more efficient and reliable than older equipment.
Concept of Container for North Sea Route
At a meeting of the scientific and technical council of the Central Research Institute of the Navy in St. Petersburg presented the concept of the Arctic Arc container class 7.
