Maersk's New CEO Appointment Raises Prospect of Break-up
Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive. Maersk shares rose more than 10 percent on the news with investors betting on a break-up and seeing the appointment as a sign of a more profound restructuring. "The question is whether we should be a large group…
SeaPro FourStroke Making Gains in the Commercial Market
Mercury Marine’s family of SeaPro FourStroke outboard engines is suited for high-hour applications and harsh environments, according to the manufacturer, who said the engines are gaining popularity within the commercial marketplace. The line’s latest commercial marine endorsement comes from TowBoatUS, operator of more than 600 boats in the U.S., who is investing in Mercury SeaPro outboards on some of its fleet, including one vessel in Ft. Myers, Fla.
Donors Give $2.9 Mln to Train BC’s Future Shipbuilders
The Dennis & Phyllis Washington Foundation, in conjunction with Seaspan, announced today a multi-year, multimillion dollar investment in the future of British Columbia’s marine industrial sector. The commitment totals $2.9 million and includes a three-year, $900,000 donation by the Dennis and Phyllis Washington Foundation to three institutional trades training programs in Canada. This donation has…
DCNS Predicts Turning Point for Tidal Power
Tidal power is moving beyond the prototype stage for state-backed French naval shipbuilder DCNS, which is targeting a billion euros in sales from the technology in the next decade. DCNS, which is 35 percent owned by defence group Thales and 64 percent by the French state, builds warships and submarines but aims to sell its first commercial tidal power system in four years and wants to get up to 25 percent of its sales from renewable marine energies by 2025.
Trelleborg Debuts New Dredging Hose in China
Trelleborg’s engineered products operation is now manufacturing a pre-bend rubber dredging hose in China – the only one of its kind available in the country, according to the manufacturer. Currently exclusive to Trelleborg’s Chinese manufacturing operation, all of Trelleborg’s pre-bend rubber dredging hoses manufactured in China will be reinforced with armored rings, thereby strengthening the hose and extending its use-life.
Alfa Laval Announced Plans for SMM 2016
At SMM 2016, Alfa Laval will mark the 100th anniversary of its first marine separator, and present marine customers with more new solutions. Over the course of a century, Alfa Laval has provided solutions for a whole spectrum of marine challenges – aimed at improving customers’ operations, but also their bottom line and peace of mind. At this year’s SMM exhibition, taking place September 6-9, in Hamburg, Germany, the company’s breadth will be on display.
Kiel Welcomes P&O’s Arcadia on Maiden Call
P&O Cruises’ Arcadia berthed June 22, for her first visit ever to the Port of Kiel, arriving just as the prestigious Kieler Woche sailing regatta marked its half-way point. More than 2,000, mainly British, passengers used the opportunity to visit northern Europe’s biggest maritime sailing event. Following her early morning arrival and to mark the occasion, a port tug provided “Arcadia” with a water fountain escort to her berth at the Ostseekai Cruise Terminal.
LR Suggests Locations for In-water Surveys
Lloyd’s Register has recently re-appraised its guidance on locations where an In-Water Survey may be carried out. Traditionally, these locations were known as ‘Approved Locations’…
DNV GL's Sesam GeniE Reduces Engineering Costs
When warping analysis is required during design of certain types of beam offshore structures, it can involve many costly hours of manual calculations by senior engineers. With the new release of Sesam GeniE software, the most common methods of performing such analyses can be done automatically, saving time and resources. “With the new release of Sesam GeniE, we have included automatic calculation of warping using the three most commonly used methods…
This Day In Naval History: June 23
1812 - During the War of 1812, Commodore John Rodgers leads a squadron onboard USS President off New York until she battles HMS Belvidera. The first shot of the…
Boat Migrant Rescues Surge as Calm Seas Return to Mediterranean
Ships manned by humanitarian organisations, the Italian navy and the coast guard helped rescue more than 2,000 boat migrants on Thursday as calm seas returned to…
Crowley Adds Houston-Caribbean LCL Service
Starting July 1, Crowley Maritime Corporation will offer weekly, fixed-day, less-than-container-load (LCL) shipping services from Houston to 33 port destinations throughout the Caribbean Basin, the shipper announced today. The new logistics service is designed to enhance supply chain options for those shipping directly into the Caribbean Basin from the West and Gulf Coasts of the U.S., Crowley said.
Brazil AG Minister Opposes Proposed Farm Export Tax
Brazil's Agriculture Minister Blairo Maggi said on Thursday before the Senate's Agriculture Committee that he would oppose a government proposal to tax farm exports as a way to cover a growing deficit in the country's social security program. The president's Chief of Staff Eliseu Padilha told the Estado de S. Paulo newspaper published on Thursday the tax was part of a proposal to reform Brazil's social security program. (Reporting by Leonardo Goy; Writing by Reese Ewing)
Strong Demand Across Vessel Segments Pushes Up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as demand strengthened across all vessel segments.
Maersk Chairman: Company Could Be Split Up
A. P. Moller-Maersk's chairman says that the Danish shipping and oil conglomerate could be split up in several companies, after it on Thursday appointed the head of its container business as new chief executive. "The question is whether we should be a large group, or whether we should be a number of independent companies," Michael Pram Rasmussen told Danish online media Finans. "It is a possibility for us, but it is not something you just do. It would be a huge task," he said.
Ulstein Delivers for BS Offshore
The first of two service operation vessels (SOV) ordered in 2015 by Bernhard Schulte Offshore (BS Offshore) and its client Siemens from Ulstein Verft in is now completed, and was delivered on June 23, 2016. The vessel is built to the ULSTEIN SX175 design, which according to Ulstein, emphasizes optimization of the vessel’s movements in order to ensure the safe transfer of technicians and equipment for the maintenance and servicing of wind turbines.
PGS, Radio Holland Expand Service Agreement
Norwegian marine geophysical company PGS has extended its non-exclusive service agreement with Radio Holland for navigation and communication services onboard nine seismic vessels in its global fleet. Radio Holland is known in the maritime industry for its NavCom and Maintenance services through its global network of more than 80 offices. Radio Holland Norway has worked with two PGS’ vessels (Ramform Atlas and Ramform Titan) on a Service Agreement for several years already.
RBS Receives Bids for Greek Shipping Business
The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in…
Final Agenda for Marad’s Sexual Assault Summit Unveiled
The Maritime Administration’s ‘Call to Action’ will address Sexual Assault and Sexual Harassment in the Maritime Industry. Obtained this morning from reliable industry sources…
Lenders Deny BHP Port Debt on Coal Worries
Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector…
