Crowley Christens Third LNG-ready Product Tanker
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil or refined petroleum products, as well as other chemical products for U.S. Coastwise trade. The new vessel joins Crowley sister ships…
From Whales to Silver Foxes to Refugees: EMILY Robot is A Lifesaver
She’s tough—capable of punching through 30-foot waves and riptides or smashing into rocks and reefs. But she’s also tender, providing hope to those in peril. Meet EMILY the robotic lifeguard—officially known as the Emergency Integrated Lifesaving Lanyard—a remote-controlled buoy that recently was used to rescue nearly 300 Syrian migrants from drowning in the waters off the Greek island of Lesbos. Created with support from the Office of Naval Research (ONR)…
NOL Posts Q1 Net Loss of $105 Mln
NOL Group reported a first quarter 2016 net loss after tax of $105 million. Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) for the period was a loss of $84 million, while core EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) remained positive at $18 million. “Worsening overcapacity of shipping tonnage in 2015 hit the industry well into first quarter 2016.
New CMA CGM Agency in Puerto Rico
Shipping company CMA CGM announced the inauguration of its new agency in San Juan, Puerto Rico as from May 1, 2016. The agency is opened in partnership with shipping agency Norton Lilly.
Coast Guard, Homeland Security Open Joint R&D Facility
The Coast Guard Research and Development Center, in conjunction with the Department of Homeland Security, officially opened a joint research facility in a ribbon-cutting ceremony at the R&D Center’s offices located at Fort Trumbull. The Science and Technology Innovation Center is a collaborative effort between DHS Science and Technology and the Coast Guard R&D Center dedicated to leveraging innovation…
Fitch Fuel Catalyst: Going Green Pays Off
The Fitch Fuel Catalyst improves fuel efficiency by 5-12 percent, reducing pollutants and paying for itself many times over. According to the manufacturer, Advanced Power Systems Int’l, these benefits are being experienced by many hundreds of commercial ships and vessels operating around the world using its system, including the Golden Alaska and the Tri Marine Group. Prior to installing the Fitch Fuel Catalyst on its 10 tuna seiners beginning in 2014…
Eastern Delivers 63rd Towboat for Florida Marine
Eastern Shipbuilding Group, Inc. delivered the M/V Lawrence Campbell (Hull 193) on April 12, 2016, the 63rd 90-foot inland towboat to Florida Marine Transporters, LLC of Mandeville, La., continuing its ongoing newbuild program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to 65 vessels contracted over the last 10 years. Five of the most recent 90-foot inland towboat deliveries to Florida Marine occurred over the past 12 months.
Harkand North America Salvaged by MBO
A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The new company…
US Aims to Recover El Faro VDR in Next Few Months
The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank during a hurricane killing all 33 crew on board…
Two New Tugs Built for TNPA
The South African government’s Operation Phakisa: Oceans Economy initiative has yielded more results with the ceremonial launch of two more tugboats built for Transnet National Ports Authority (TNPA). The two tugs – named Qunu and Cormorant – form part of TNPA’s R1.4 billion contract awarded to Durban ship builder, Southern African Shipyards. It is the largest single contract TNPA has ever given to…
China: S.China Sea Criticism Could Have Ramifications
International criticism of China over the disputed South China Sea will rebound like a coiled spring, a Chinese diplomat said on Friday, as a U.S. warship visited…
Ships Idled as Greeks Strike Again
Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax and…
Asia-N.Europe Box Rates Dive 13 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday…
UK Ship Named for BBC Naturalist, but Boaty McBoatface Lives On
A new 200 million pound ($290 million) polar research ship is to be named after veteran BBC naturalist David Attenborough but the government promised on Friday that "Boaty McBoatface"…
Evergreen Holding Group May Miss Bond Payment
Evergreen Holding Group, an unlisted company that specialises in building boats, issued a warning on Friday that it may have trouble making coupon and interest payments on a bond maturing on May 15.
Italy Rescues Nearly 1,800 Migrants in Mediterranean
Italian vessels have helped rescue nearly 1,800 migrants from boats trying to reach Italy from north Africa in the last 24 hours, the navy said on Friday, indicating…
Navy to Christen Littoral Combat Ship Manchester
The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.
BSEE, USCG on Sharing Information, Jt Ops
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion…
Gazprom Wins Green Development – Evolution Awards
Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented by…
MHIA Relocates to Houston
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced…
