Asian Piracy at 4 Year Low
The ReCAAP Information Sharing Centre (ReCAPP) May 2016 report says that only eight incidents of piracy and armed robbery against ships were reported in Asia for the month…
ReCAAP Throws Light on Hai Soon 12
On 8 May 16, the ReCAAP ISC received information from the shipping company about the loss of communications with product tanker, Hai Soon 12. Hai Soon 12 , carrying 4…
Panama Canal Ends Depth Restrictions
Panama Canal Authority said it has lifted restrictions on the depth of ships passing through that had been imposed since April because of low water levels caused by severe drought…
Chinese Navy Ship Irks Japan
Japan has lodged a protest with the Chinese ambassador in Tokyo, after a Chinese ship sailed close to contested islands in the East China Sea. Chinese navy has made…
Arctic Sea Ice Sheds Weight in May
Arctic sea ice hit a record low in May 2016 as scientists discovered the first-ever link between melting ice in Greenland and a phenomenon known to warm the area…
US Agents Move against Illegal Timber Imports from Amazon
U.S. agents searched the offices of a California-based wood importer this week as part of a broadening government crackdown on imports of illegally harvested timber…
Seawater Carbon Capture Process Receives US Patent
The Electrolytic Cation Exchange Module (E-CEM), developed at the U.S. Naval Research Laboratory (NRL), provides the Navy the capability to produce raw materials necessary to develop synthetic fuel stock at sea or in remote locations. The NRL, Material Science and Technology Division, has been granted the first U.S. patent for a method to simultaneously extract carbon dioxide and hydrogen from seawater.
OECD Lead Indicator Flags First Signs of Growth Stabilization
Signs are emerging that a downturn in the United States and China, the world's two biggest economies, may have bottomed out, the OECD's monthly leading indicator showed on Wednesday. The Paris-based Organisation for Economic Cooperation and Development said its leading indicator (CLI) for the United States improved to 98.95 in April from 98.93 in March, the first increase in the reading since July 2014.
Huge Port Envisioned by Tycoon Opens in Brazil - without Him
The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed…
Lack of Communication Led to Houston Ship Collision -NTSB
The probable cause of the 2015 collision of the Conti Peridot and the Carla Maersk in the Houston Ship Channel was the inability of the pilot on the Conti Peridot…
Roger Blough Lightering Complete
Lightering operations were completed Tuesday, as the U.S. Coast Guard continues to monitor and respond to the motor vessel Roger Blough, Tuesday, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. The cargo on board the Roger Blough was successfully offloaded onto two vessels, the Philip R. Clarke and Arthur M. Anderson. Each of the receiving vessels have departed the Waiska Bay anchorage to deliver the iron ore to its intended destination.
This Day In Naval History: June 8
1830 - The sloop of war USS Vincennes becomes the first US Navy warship to circle the globe when she returns to New York. She departs on Sept. 3, 1826, rounds Cape Horn and cruises the Pacific protecting American merchantmen and whalers until June 1829. 1880 - Congress authorizes the Office of Judge Advocate General. Vice Adm. Nanette M. Derenzi currently serves as the 42nd Judge Advocate General of the Navy. 1937 - Capt. Julius F.
French LNG Terminal Workers Plan to Strike
Workers at Elengy's three liquified natural gas (LNG) terminals in France have voted to stage two 24-hour strikes on Thursday and next Tuesday as part of nationwide protests against a labour reform bill, a CGT union official said on Wednesday. The strikes will halt unloading of LNG tankers and reduce production of gas for the grid to minimum levels, the official told Reuters. A previous stoppage last…
Berge Bulk Implements Sertica
Singapore based dry bulk owner, Berge Bulk, started implementing Sertica in January 2015 and today has 34 active vessels. Starting out with 12 vessels in 2007, Berge Bulk has more than tripled the size of its original fleet, now operating and managing more than 40 vessels. Today, a full Sertica product suite is in use on 34 of the 40 vessels. This includes Sertica Maintenance, Sertica Fleet Management, Sertica HSQE, Sertica Procurement and Sertica Invoice Management & Workflow.
Shipping Exec Indicted for Price Fixing
Another ocean freight executive has been indicted for participation in a long-running conspiracy to restrain trade in international ocean shipments of roll-on, roll…
AEGIR Participates in Stern Tube Seal Research
AEGIR-Marine, working together with two Dutch technical universities, has launched two substantial research programs in the field of stern tube seals. “Market and…
Alphatron Offers Discount to Green Award Ships
Following a cooperation sealed between Alphatron Marine and Green Award Foundation at Posidonia in Athens, Greece, Alphatron Marine will reward Green Award certified ships with a discount of 10 percent that applies to a range of products and services for both seagoing and inland navigation ships. Green Award certificate implies that a ship’s performance is of such high standards of safety and quality that the ship qualifies for the Green Award requirements.
S.Korea Creates $9.5 Bln Fund for Banks Exposed to Shipyard Troubles
South Korea's government and central bank will create an 11 trillion won ($9.50 billion) fund to support two state-run banks most exposed to the country's struggling shipping and shipbuilding firms. "Our key industries like shipping and shipbuilding are being aggressively caught up by countries like China and management conditions have worsened due to weak global trade," Finance Minister Yoo Il-ho said in a speech announcing the corporate restructuring plans on Wednesday.
DONG Energy Narrows IPO Pricing Range
Danish utility and offshore wind farm developer DONG Energy has narrowed the price target for the company's share sale in Copenhagen, cutting off the top end of range, one source with direct knowledge to the matter said. The price range has been narrowed to 225 Danish crowns and 235 crowns ($34.39-$35.92) from an earlier target of 220-255 crowns. "A message was sent to investors on Tuesday night that…
IEA Sees Slower Global Gas Demand Growth to 2021
Growth in natural gas demand will slow to an average 1.5 percent a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offsets robust growth in India…
