Scorpio Bulkers Narrows Loss
Scorpio Bulkers has its loss narrowed to $124.8 million, or $2.22 per share for the year ended December 31, 2016, compared with a net loss of $510.7 million seen in the same period a year earlier.
Indian Navy Officers Assess TROPEX 2017
Admiral Sunil Lanba, Chief of the Naval Staff (CNS) embarked ships of the Indian Fleet (both Western & Eastern) over the last two days to review the ongoing Annual…
UK, Continental Ferries Carried 8.8 mln Cars in 2016
The number of cars taken by ferry has increased from 8.6 million in 2015 to nearly 8.8 million in 2016, a 1.7% increase. This is the fourth successive year of growth…
Video: Retired Ship Sunk to Form Artificial Reef
Sinking a 6,000-ton, 371-foot former cargo vessel to help create an artificial reef in the Gulf of Mexico is a herculean feat, one only accomplished with strict adherence to rigorous federal and state environmental regulations. When the cargo ship Kraken was recently sunk 67 miles off the Galveston coast, Matrix New World Engineering helped the Texas Parks & Wildlife Department Artificial Reef Program ensure that the vessel was free of environmental hazards and safe to support coral…
Leco’s New Aquaculture Vessel Launched
Southampton Marine Services said it has launched its latest vessel, a new aquaculture service vessel for Leco Marine, at its Ocean Quay shipyard in Southampton. Designed by Argyll Maritime Design Services, the 23-meter vessel, Alyssa, is an aquaculture service vessel built for Scottish commercial diving and marine services company Leco Marine to perform general fish farm work. It is equipped with a net-cleaning and inspection system for the maintenance of fish-farm nets.
SC Ports Reports All-time Record Container Volume
South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January. As measured in pier containers, or total box volume, SCPA handled 104, 792 boxes last month, surpassing the previous record of 104, 003 containers handled in May 2015. Container volume is up 28 percent compared to the same month last year.
Glosten Promotes FitzGerald to Principal
Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Ken FitzGerald to Principal. FitzGerald is a graduate of Louisiana State University (BS, Petroleum Engineering, 1992), and joined Glosten in 2003 after 13 years working in commercial oceanography. While at Glosten, he has supported the firm’s work in mooring design, geophysical surveys, research vessels, logistics planning, and has managed risk assessment workgroups.
A Time to Build & Refit
The aging Pacific Northwest fishing fleet is either undergoing or about to undergo a long-overdo upgrade, judging by a major economic report commissioned by the Port of Seattle. Fisheries managers, seafood suppliers, yards and the supply chain all hope an accompanying surge in ship finance “lifts all boats”. For now, the newbuild count is growing apace, slowed just a bit by owners opting for major retrofits amid rich fish harvests.
Last Port of Call for the US Merchant Marine?
The privately owned U.S.-flag foreign trading fleet, which is an essential component of U.S. sealift capability, stands on the edge of a precipice. The fleet – roughly stable in terms of cargo carrying capacity from 2000 to 2012 – has declined from 106 vessels in 2012 to 78 vessels at October 30, 2016 primarily because of a substantial decline in available U.S. Government-reserved cargo. The size of…
SAFE Boats Names Willis VP of Program Management
SAFE Boats International has promoted Janice Willis to the position of Vice President Program Management. Willis joined SAFE Boats in December 2010 as a member of the Business Development team, and in 2014 became the Director of Program Management, leading the teams responsible for managing SBI’s fed-eral government program business in Bremerton including the USCG CB-OTH and USCBP CIV Programs. Willis has over 25 years’ experience in program management and contract administration.
Oil Spill in Fore River, Maine
The U.S. Coast Guard said it is responding to an oil spill in the Fore River in Maine along with Maine Department of Environmental Protection and local fire departments.
Ferry Tales: Having a Ferry Good Time
Despite of some of the lowest fuel prices experienced in the last eight years, demand for ferry construction is at a seemingly all time high. The focus on building new ferries kicked off in early 2013 and the sustained interest is the continued result of an unleashing of pent up demand. Fleets have been aging and infrastructure needs to be built up in order to accommodate the future demand for commuter ferry travel once fuel prices return to and surpass their once familiar norms.
Panama Canal Sets Monthly Tonnage Record
In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks. The previous record was established the month prior, in December 2016, when 1,166 ships transited the waterway for a total of 35.4 million PC/UMS. “This increase reiterates the importance of the Expanded Canal, and…
GTT Receives Order to Equip FSRU
GTT said it has received an order from Samsung Heavy Industries (SHI) to equip a floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system.
Global Names Coppes Director of Salvage & Wreck Removal
Bas Coppes has joined the senior management team at Global Diving & Salvage, Inc., aiming to guide the global growth of the marine services company. Coppes will be based out of Global’s Houston office and will focus on salvage and wreck removal operations worldwide. Coppes brings two decades of salvage and offshore experience to the organization, having managed an extensive number of salvage, wreck removal, and offshore projects across the globe.
Diamond Offshore Sees Recovery when Oil 'Well over $60'
Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said on Monday oil prices needed to be "well over $60" to spur a recovery in offshore drilling. The company's shares reversed course and were down 2.3 percent at $16.67, with investors shrugging off a beat on quarterly profit and revenue. Global benchmark Brent crude prices have stabilized after a more than two-year slump, with prices hovering around $55 per barrel.
New Total Lubmarine Head Shares His Vision
Robert Joore, the new General Manager of marine lubricants supplier Total Lubmarine, has laid out his vision for the company, focusing on developing a range of innovative solutions for ship operators operating in poor freight markets in a low-sulphur era. Speaking at the company’s headquarters in Paris, Joore said, “Total Lubmarine believes that innovation is the key to success. In 2017 we will continue…
BlueTide Adds Ku-Band Coverage in Australia
BlueTide Communications (BlueTide) announced it has added Ku-band VSAT service to cover Australia extending north to Papua New Guinea and Indonesia. This allows…
Mass Flow Metering Now Mandatory in Singapore
In a move which has been hailed as a landmark moment for the bunker industry, the use of mass flow metering (MFM) for heavy fuel oil bunker deliveries in Singapore became mandatory on January 1, 2017.
Cruise Ship Comes to Rescue of Sinking Boat
A cruise ship crew came to the rescue of six men from a leaky Tongan fishing boat, who had not had water for three days. The Rescue Coordination Centre of New Zealand organized for the German cruise ship Albatros to change course at 5 a.m. Saturday, after the fishing vessel crew set off an emergency rescue beacon 400 kilometers west south west of Tonga. The ship diverted 300 kilometers to help the distressed 11.5 meter fishing vessel.
