MN100: MOPS Marine License Insurance
Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms, representing almost 200 experienced maritime attorneys, provides MOPS policyholders with personal legal representation from the marine casualty to final disposition. MOPS provides Unlimited License Defense, Full or Partial Income Protection…
OSV firm Farstad Continues Restructuring Talks
Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. * CEO says Oct. * Farstad shares down 4.7 pct to…
Banks Halt Support for Hanjin
A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,…
Jt Study by MOL, Yokohama University for Improving Ocean Shipping Market Forecast
Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University…
Krishnapatnam Port, Maersk Launches Mainline Service for China
Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched…
DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment
There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’…
BV Classes First LNG-fuel Oil/Chemical Tanker
Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at Avic Dingheng…
Esvagt Makes Vestdavit MissionEase First Choice for Mission Bay
Norway-based boat system and davit-handling specialist Vestdavit has secured a breakthrough order for its unique MissionEase multi-boat handling solution for mission bays…
SK Shipping Selects 5X72DF for LNG Carriers
Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF…
China Cosco Sinks into Red
Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half…
India Shipping Ministry Enlarges Scope of Sagarmala
India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments…
Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine
The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent court receivership and liquidation, reports Business Korea.
Doing Business Differently to Meet Sustainability Targets: DNV GL
Pressure is mounting on the global oil and gas industry to reduce environmental footprint at the same time as the industry is under significant cost pressure. Since business as usual is not an option…
DNV GL Backs John Laing on First Offshore Wind Investment
DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.
Singapore to Focus on Improving Navigational Safety
The Maritime and Port Authority of Singapore (MPA) launched the first-ever International Safety@Sea Conference in Singapore. The conference will run for two days and concludes on 31 August 2016.
NASSCO Christens LNG-ready Tanker Constitution
On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly tankers constructed or under construction at the company’s San Diego-based shipyard. The ship, the Constitution, is a 610-foot, 50,000 deadweight-ton, and LNG-conversion-ready ECO Class product tanker with a 330,000 barrel cargo capacity.
California: A Strong Shipbuilding State
Shipbuilders Council of America (SCA) member General Dynamics NASSCO hosted U.S. Maritime Administrator Paul “Chip” Jaenichen for a tour of the San Diego shipyard, where SEACOR Constitution – a 610-foot tank ship launched this weekend. While on the tour, Administrator Jaenichen shared data from a report by the U.S. Maritime Administration (MARAD) that shows the U.S. shipbuilding and repair industry in California supports nearly 35…
Not All EALs are Created Equal
What is an EAL? Environmentally Acceptable Lubricants (EALs) are defined by the EPA as offering these three characteristics. First, they must be “biodegradable” - biodegrading into carbon dioxide and water by ≥ 60% or more within 28 days (according to OECD 301B or ASTM D7373 methods). Next, they must be “minimally toxic,” causing only a light impact on the aquatic environment (LC50> 100mg/L for lubricants and LC50>1000mg/L).
GoM Operators Evacuating Ahead of Storm
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. The Bureau of Safety and Environmental Enforcement (BSEE) said its Hurricane Response Team is activated and monitoring the operators’ activities, and will continue to work with offshore operators and other state and federal agencies until operations return to normal and the storm is no longer a threat to Gulf of Mexico oil and gas activities.
MN100: Krill Systems, Inc.
Krill Systems Inc. was founded as a software development company focusing on accurate vessel fuel consumption measurement and efficient data transmission. In 2011, identifying demand from commercial marine markets for accurate, reliable, fuel management and emissions control technologies, Krill became a ‘system integrator’ with the ability to supply a broad spectrum of fuel flow meters and other accessory components.
