VT Halter Marine Taps Baczkowski as CEO
Pascagoula, Miss. shipbuilder VT Halter Marine, Inc. announced it has appointed Ronald Baczkowski as president and CEO with immediate effect.Baczkowski joined the U.S.
Why is Saudi Arabia Halting Red Sea Oil Shipments?
Saudi Arabia announced last week it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway.To date, no other exporters have followed suit. A full blockage of the strategic waterway would virtually halt shipment to Europe and the United States of about 4.8 million barrels per day of crude oil and refined petroleum…
Families of 'Duck Boat' Sinking Victims Sue Tour Operator
The families of four of the 17 people killed when a World War Two-style tourist "duck boat" sank on a Missouri lake during a storm this month have sued the tour operator, saying it recklessly allowed the vessel out in dangerous weather.On Sunday, relatives of Ervin Coleman, 76, and 2-year-old Maxwell Ly, his great-nephew, both of Indianapolis, sued tour operator Ripley Entertainment Inc, which operates under the name Ride the Ducks…
Supertanker Hauling Saudi Crude U-turns After Recent Attack
A supertanker carrying Saudi Arabian crude has turned around near the Bab El-Mandeb strait, days after the world's top exporter said it was suspending all oil shipments through the strait following an
WISTA USA Supports Sea Turtle Conservation
Women's International Shipping & Trading Association (WISTA) USA Florida Chapter participated in a sea turtle release with the Broward County Sea Turtle Conservation Program (BCSTCP) and Nova Southeastern University (NSU) on July 26, 2018.Forty nine WISTA members and guests attended the sea turtle hatchling release, which raised $1000 for the Broward County Sea Turtle Conservation Program.“As maritime professionals…
Investigators Examine DVR Content from Fatal Duck Boat Sinking
Investigators from the National Transportation Safety Board (NTSB) have completed their initial review of the digital video recorder system recovered from the fatal duck boat sinking near Branson, Mo.The Ride The Ducks amphibious vehicle DUKW Stretch Boat 7 had 29 passengers and two crewmembers on board for a tour on July 19 when deteriorating weather conditions caused the vessel to sink in Table Rock Lake…
VTS Vasiliko Terminal Services Orders ASD Tug
On July 24, Damen Shipyards Group signed a contract with Cyprus-based VTS Vasiliko Terminal Services, the supplier of marine services to the Port of Vasiliko and the VTTV Oil Terminal Jetty, for a Damen ASD Tug 2310.Attending the contract signing event was Cyprus’ Minister of Transport Ms. Vassiliki Anastassiadou, who congratulated VTS Vasiliko Terminal Services on its high standard of service, which concurrently enhances Cyprus’ image in the marine services sector.The new ASD Tug 2310…
New Pumps Line for Firefighting at Sea
Australian Pump Industries has released a new range of high pressure motor pumps designed specifically for firefighting at sea. Part of the Aussie GMP marine pump line, the new model features heads as high as 80m, ie up to 106 PSI, with flows as high as 1,250L per minute.Called the B3ZPM-A/B T, the new pumps are manufactured from nickel aluminium bronze, and are designed on a close coupled Monobloc configuration.
American P&I Club Manager Prepares for Further Growth
Shipowners Claims Bureau, Inc. (SCB), the Manager of the American P&I Club, has recently announced a series of appointments designed to service the Club’s growing membership and help fulfil longer-term goals of continued expansion. The American Club has grown its membership substantially over recent years, tonnage having increased by some 25 percent over the past 24 months, and these appointments are…
Gas Production Begins at Ichthys LNG Project
Inpex Corp said on Monday it has begun producing gas at the $40 billion Ichthys liquefied natural gas (LNG) project off northern Australia, a major milestone for the long-delayed project."The project expects to begin the shipment of products towards the end of the first half of the current fiscal year," Inpex said in a statement. The first half ends in September.Condensate will be shipped first, followed by LNG, Inpex said.(Reporting by Sonali Paul)
Singapore's Offshore Industry Recovering
A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has been a key pillar of Singapore's economic transformation into a first world economy since independence from British colonial rule in 1965 and a source of national pride.
Diamond Offshore Posts Smaller-than-expected Loss
Diamond Offshore Drilling Inc posted a smaller-than-expected loss on Monday, as a fall in revenue was offset by a 15 percent drop in costs.The Houston-based company's…
Bureau Veritas Issues New FSRU Guidelines
Bureau Veritas has issued new and updated notations and guidance to support the construction and operation of both Floating Storage and Regasification Units (FSRUs) and Floating Storage Units (FSUs).Interest in FSRUs and FSUs is growing as floating gas terminals offer operational flexibility, reduced timescales, from concept to operation, and cost effectiveness in comparison with onshore terminals.
Damen Lays Keel for 77-meter Expedition Yacht
On July 27 DAMEN SeaXplorer marked a milestone in the construction of the SeaXplorer 77 expedition yacht at a keel laying ceremony at Damen Shipyards Galati on the banks of the Danube. The owner attended the ceremony and welded the traditional coin on the keel. Following the hull building phase, the 77-meter luxury expedition yacht (253 ft) will arrive at Damen’s Vlissingen East yard in the Netherlands…
Baltic Index Rises on Firmer Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, boosted by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 27 points, or 1.6 percent, at 1,703 points.The capesize index gained 83 points, or 2.6 percent, at 3,280 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal,
Container-Shipping Firms Focus on Asset Optimisation
Asset quality, size and diversification will determine the success of shipping companies in the next 18 months as higher costs, tighter environmental rules and worsening…
Container Shippers Opt For Waterway Transport At Dunkirk
After starting a new waterway container service between Dunkirk and Valenciennes in May this year, Nord Ports Shuttle (NPS) is gearing up for a significant increase…
Port of Corpus Christi Raises USD 216mln for Ship Channel Expansion
Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of…
Port of Amsterdam: Adjustment Lock Passage Regime in IJmuiden
Because of the ongoing period of drought, and on the advice of the National Water Coordination Committee, the Directorate-General for Public Works and Water Management…
Da Nang Upgrades Tien Sa Port
Da Nang Port Joint Stock Company (DNPJSC) has started the second stage of Tien Sa port after two years of construction, bringing its total capacity to 12 million…
