Great Lakes Group Announces New Management Hires
The Great Lakes Group announced recent new hires to the company’s management team: Thomas Rigolo – Shipyard General Manager; Kirsten Buccigrossi – Director, Marketing & Communications; and Emery Eiber – Quality, Health, Safety, Security, and Environment (QHSSE) Manager.Tom Rigolo is a senior shipbuilding executive with more than 25 years of experience gained from hands-on engineering and high-level leadership roles at several U.S. shipyards.
Newport News Begins Nuclear Sub Overhaul
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has begun scheduled overhaul work on the nuclear-powered submarine USS Boise (SSN 764).The Los Angeles-class submarine arrived at Newport News on Monday and will undergo planned maintenance and repair activities pierside before it will be moved to a dry dock in January 2019. The extended engineering overhaul, which includes system upgrades…
ACMF Receives Grant from Former SeaFreight Boss
The American Caribbean Maritime Foundation (ACMF) announced it received a contribution of $150,000 from Mr. and Mrs. Roland Malins-Smith. Mr. Malins-Smith, now retired, is founder of SeaFreight Line Ltd. which was acquired by Crowley in 2015.The ACMF funds scholarships and provides grants for classrooms and other facilities at the Caribbean Maritime University (CMU).Malins-Smith, born in Grenada, began…
Marine Insurance’s Risk Rating Revolution
Why insurers cannot afford to be left behindAccording to Maersk, “everything that can be digitized will be digitized”, and there is no doubt that the world of shipping is currently undergoing a digital revolution. From vessel movement data to port statistics and engine diagnostics and data, the latest technology empowers insurers to segment and optimize their existing portfolio, identify new opportunities and offer truly connected policies.However, risk measurement and ratings remain an issue.
Liberian Registry, China Classification Society Sign MoU
The Liberian Registry has signed a framework cooperation Memorandum of Understanding (MoU) with the China Classification Society (CCS) as the latest step in its strategy to collaborate with long-term key industry stakeholders.Under the terms of the MoU, the Liberian Registry’s technical competence will be employed to help shipyards and shipowners improve their innovative strategies. The CCS MoU has…
Dozens Missing after Ferry Sinks in Indonesia's Lake Toba
An estimated 18 people were rescued and one was confirmed dead from among about 80 passengers aboard a ferry that sank on Monday in Lake Toba in Indonesia's North Sumatra province, a disaster agency o
Damen, Saab Partner for the Tamandaré Class Corvette
In order to meet the needs of the Brazilian Navy, Damen Schelde Naval Shipbuilding and Saab come together to develop the project that will supply four Tamandaré Class corvettes.Damen is a Dutch company and a global leader in shipbuilding that has supplied over 6,000 vessels. Over 20 navies throughout the world operate Damen-built vessels. The company will be responsible for supplying the ship Sigma 10514…
China Investigating Senior Executive at CSIC
China's anti-graft agency said on Saturday it is investigating the general manager of state-owned China Shipbuilding Industry Corp (CSIC).Sun Bo is suspected of serious disciplinary and legal violatio
New Feeder Solution to Serve US Offshore Wind Market
Dutch companies GustoMSC and Barge Master join forces in the development of a motion-compensated feeder solution to service the emerging U.S. offshore wind marketsThis solution offers a flexible and cost-effective alternative for installing the first wave of U.S. projects. Combining the strengths of both companies creates a strong and advanced technical organization with commercial representative offices in the United States…
Interesting Launch for Interesting Tugs
The ownership of the Canadian firm Island Tug and Barge has changed with the purchase by the U.S. parent company Tidewater Inc. The firm is now known as Island Tug.The second tug, with the hull and superstructure completed and with the Cummins K38s installed still requires more work, was also launched in early May of 2018.The vessels were built in a warehouse on the Fraser River. With no launching facility and a railway track between the yard and the steep bank of the river…
Baltic Index Ends Slightly Lower as Panamax Demand Slips
The Baltic Exchange's main sea freight index edged lower on Monday, after rising for the previous four sessions, as demand for panamax vessels faltered.* The overall index, which tracks rates for ships carrying dry bulk commodities, dipped 3 points, or 0.21 percent, to 1,442 points.* The index, which factors in rates for capesize, panamax and supramax shipping vessels, hit a one-month high of 1,445 points on Friday.* The panamax index fell 13 points, or 0.87 percent, to 1,482 points, its biggest
ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no.2 energy retailer AGL Energy to start importing LNG by 2021 and a consortium involving Japan's JERA to start imports from 2020.ExxonMobil is also stepping…
Green Bed Leveler for Dutch Dredging
With the delivery of the Peter last Thursday, Dutch Dredging (Baggerbedrijf de Boer) claims to have added “the world's most sustainable bed leveler” to its fleet.The 22.4-metre-long vessel, built by Hoekman Shipbuilding in Urk, the Netherlands, complies with International Maritime Organization (IMO) Tier 3 emissions standards as well as the Euro Stage 5 standard for emissions in inland shipping.John Nieuwenhuijse…
Australia's Port Kembla Reopens after Bulker Fire
A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours.The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a mineral used in steelmaking which was destined for BlueScope Steel Ltd's nearby blast furnace. No injuries were…
Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.
China's Tariffs on US Oil Would Disrupt $1 Bln Monthly Business
China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.In an escalating spat over the United States' trade deficit with most of its major trading partners, including China, U.S. President Donald Trump said last week he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, starting…
Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north…
Russia's Q3 Oil Exports via Baltic Ports Seen Falling
Russian exports and transit of Urals oil through Baltic Sea ports are seen at 19.15 million tonnes in the third quarter, down from 19.8 million tonnes in the second quarter, industry sources said.Exports of Russian Urals and Siberian light oil from the Black Sea port of Novorossiisk are expected to rise to 8.5 million tonnes in the third quarter from 8.1 million tonnes in the second quarter, the sources said.(Reporting by Olga Yagova; writing by Maria Tsvetkova; editing by Jason Neely)
Fire Aboard 1,000-foot Freighter in Lake Superior
The U.S. Coast Guard received a report of a generator fire aboard a 1,013 foot bulk carrier freighter in Lake Superior, at 4:20 a.m. Monday.The master of motor vessel Paul R.
SSA Terminals Extends Marine Lease at Oakland
A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042.
