NAVSEA on General Dynamics' Acquisition of CSRA
General Dynamics has completed its acquisition of CSRA. The transaction is valued at approximately $9.7 billion. CSRA provides services in support of Naval Sea Systems…
Long Beach Port Launches Zero-Emissions Project
Officials from the Port of Long Beach, Southern California Edison and the California Energy Commission today launched the nation’s largest pilot project for zero…
Mozambique Enhances Ship/Shore Interface
When the communication between ships and port is smoothly run, shipments move more quickly, more easily and more efficiently. This is where International Maritime…
Gibbs & Cox Awarded LPD 17 Contract
Gibbs & Cox, Inc., has been awarded a contract by PMS 317 for Engineering Support Services on the Amphibious Transport Dock (LPD 17) and Amphibious Ship Replacement (LX[R]) Class Ships. The LX(R) Class is the replacement for the LSD 41/49 Classes and will be a derivative of the LPD 17 Class. Under this contract, G&C will provide Program Management for Engineering Support Services, Class Engineering and Technical Support to both LDP 17 and LX(R) Class Ships…
MPC Buys Secondhand Feeder Vessel
Oslo based ship owner MPC Container Ships ASA said it has reached a deal to acquire SITC Makassar, a 2,496 TEU vessel built in 2006 in Germany. The vessel, to be renamed AS Patricia…
US Program Helps Ports Assess Cybersecurity
HudsonAnalytix, Inc. and its subsidiary HudsonCyber have completed a U.S. Maritime Administration (MARAD) Cargo Handling Cooperative Program (CHCP) grant to perform cybersecurity capability assessment workshops at three U.S. ports. HudsonAnalytix’s HACyberLogix-informed assessment approach enabled these ports to cost-effectively assess their entire organizational cybersecurity capabilities and identify cybersecurity capability vulnerabilities.
Houthis Attack Saudi Oil Tanker
An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed, Saudi-led coalition which includes other Sunni Muslim states says the Houthis attacked the oil tanker off Yemen's main port of Hodeidah on Tuesday.
600 Gallons of Coolant Spills into Straits of Mackinac
Hundreds of gallons of mineral oil has been released from a leaking underwater utility line in Michigan’s Straits of Mackinac, this week. Initial reports from the responsible party, American Transmission Company (ATC), indicate that approximately 600 gallons of product has been released, with maximum spill potential of more than 4,000 gallons. The U.S. Coast Guard said it has established a Unified Command comprised of Michigan Department of Environmental Quality…
Richard Mueller Named Fellow by SNAME
NETSCo president and CEO Richard A. Mueller has been nominated by his peers and approved by the Fellows Committee to be elevated to Fellow membership in the Society of Naval Architects and Marine Engineers (SNAME). Mueller has been a SNAME member for more than 39 years and has held various elected positions including four terms as Chairman for the Great Lakes/Great Rivers Section, F.V.P. of Planning/Public…
Euroseas Announces Time Charter Contracts
Euroseas Ltd. The new charters will commence on April 9 for the EM Athens and April 7 for the Manolis. Euroseas typically announces charter arrangements of a year or longer duration.
#BTC100 History
In 2011, Bouchard Transportation Co. establishes the Morton S. Bouchard Jr. Memorial Scholarship fund, which is designed to recognize deserving cadets who demonstrate the achievement and leadership ability to successfully pursue a career in the petroleum barge industry. The scholarship has since been formed at SUNY Maritime College, Massachusetts Maritime Academy, and Texas A&M University at Galveston.
Baltic Index Down for Fifth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for a fifth consecutive session weighed by falling rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 39 points, at 977 points, its lowest since Aug. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were down $536 to $7,211.
Jan-March Oil Shipments from Georgia's Batumi Down 54 pct
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent between January and March from a year earlier, an official at the KazMunaiGas-operated terminal said on Wednesday. The official said some volumes of crude oil had been rerouted to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, while some fuel oil had been sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.
Marlink Expands VSAT Coverage in the Indian Ocean
Marlink has added a new satellite to its global multi-band Sealink network, expanding its footprint in the Indian Ocean Region (IOR) and introducing even more Ku-band VSAT capacity to enable high-speed broadband connectivity for ships transiting southern routes between Asia and Africa, in addition to fishing vessels operating east of Africa’s coastline and out towards the Maldives and Seychelles. The…
Multipurpose Shipping Eyes Recovery -Drewry
The multipurpose shipping market, including the breakbulk and project cargo sectors, has struggled over the last few years, but conditions are ripe for recovery, according to a recent report from shipping consultancy Drewry. A strong start to 2018 in the multipurpose shipping segment is expected to continue as the sector’s recovery advances further on increasing demand, contracting vessel supply and shrinking threats from competing sectors…
BP eyes 119 LNG Cargoes Annually From Indonesia
Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market…
General Dynamics Acquires CSRA
General Dynamics has completed its acquisition of CSRA Inc. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per…
General Dynamics wins Columbia-Class Submarine Deal
The U.S Navy has awarded General Dynamics Electric Boat a $126.1 million contract modification to continue development of the Common Missile Compartment for the U.S.
BTMU to Refinance Two K-Line Vessels
Watson Farley & Williams (WFW) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself…
Vard Inks LOI for Viking Cruise Vessels
Fincantieri subsidiary Vard Holdings Limited has signed a Letter of Intent for the design and construction of two special cruise vessels for Viking, with an option for two more vessels.
