Conrad Industries Announces 2018 Results and Backlog
Conrad Industries has announced its 2018 results and backlog.The company had net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018 compared to net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017. Results for the year ended December 31, 2018 includes $7.5 million from the Deepwater Horizon Court-Supervised settlement.
Eye on Innovation: RNLI's L&R Tractor
Coming in the April 2019 edition of Maritime Reporter & Engineering News we report on the latest lifeboat to join the fleet of the Royal National Lifeboat Institution, the main sea rescue service in the UK and Ireland, the waterjet-propelled Shannon class, RNLI says is its most agile and maneuverable all-weather lifeboat yet to be deployed.While the vessel and it's capabilities are amazing, we really like the new launch and recovery system.
Advanced Coatings Enhance Aesthetics, Durability and Safety
As Maritime Partners LLC built out its modern fleet of new tank barges, quality coatings and responsiveness to last-minute color changes supported that fleet expansion. Sherwin-Williams was there to meet the challenge.The hulking silhouette of a tank barge is instantly recognizable to anyone who has spent time on the shores of an inland waterway in the United States. These massive flat-bottomed vessels help to maintain the healthy functioning of the domestic economyā¦
Bibby WaveMaster Horizon Launched
A second service operations vessel for Bibby Marine Services has been launched and christened during a ceremony at Damen Shipyards Galati in Romania, the shipbuilder announced Friday.The new vessel, Bibby WaveMaster Horizon, will begin maintenance work on two EnBW and Enbridge-owned wind farms in the German North Sea ā Hohe See and Albatros ā for Siemens Gamesa Renewable Energy and EnBW, upon deliveryā¦
Master imprisoned for Bribery
The Hong Kong Marine Department issued a Marine Notice stating that a master was prosecuted and sentenced to four months imprisonment for bribing a Marine Departmentā¦
Report: Collision Caused by Turning Error
A report issued by the Maritime and Port Authority of Singapore (MPA) found that a February 9, 2019 collision between a Greece-registered bulk carrier and a Malaysianā¦
Customs Demands Bigger Bonds as Tariffs Bite
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up, an additional hit to importers already facing steep customs bills adding up to tens of billions of dollars for tariffs imposed by the Trump administration on incoming Chinese goodsā¦
Containership Spills Oil in New York
A containership has reportedly leaked fuel oil into the Arthur Kill waterway near Staten Island, N.Y., the U.S. Coast Guard said.The Coast Guard said it is workingā¦
Maersk Ditches Offshore Services Sale
A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business."This disturbs the tale they started to tell in 2016.
Green Award Certification for OSVs
Green Award certification program has been extended with a new ship type ā Offshore Supply vessels (OSVs). The first ship of this type the āāLingestroomāā has beenā¦
GTT to Design LNG Tanks for Sembcorp
French shipping engineering company Gaztransport & Technigaz (GTT) has received an order from Singaporeās Sembcorp Marine shipyard concerning the tank design ofā¦
KHI Delivers LPG Carrier Maple Gas
Kawasaki Heavy Industries delivered the Maple Gas, a 82,200 m3 capacity liquefied petroleum gas (LPG) carrier, for Astomos Energy.The shipbuilder said that thisā¦
NYK to Conduct IGF Code Training
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK)'s training program for seafarers responsible for liquefied natural gas (LNG) and other low-flashpointā¦
ASCO Overhauls 'Zangazur' Tanker
Azerbaijan Caspian Shipping Company (ASCO) said that āZangezurā, a tanker owned by Marine Transport Fleet, has been overhauled.The overhaul of the vessel at theā¦
Voith Delivers First U.S.-Built VSP Units
The first two American-made Voith Schneider Propeller (VSP) units have been delivered and installed in the Rodanthe ferry.Rodanthe is a ferry to be operated by theā¦
Kongsberg Simulators Train Korean Students
Instructors and students from the Korea Maritime and Ocean University (KMOU) and Mokpo National Maritime University (MMU) will be the first to engage with a uniqueā¦
GasLog in LNG Charter Deal with JERA
Monaco-based liquefied natural gas (LNG) shipper GasLog has agreed a 12-year charter contract with worldās largest LNG buyer, Japanās JERA.The LNG vessel owner saidā¦
LR Launches Ship Noise Guidance Notes
The maritime classification society and consultant Lloyd's Register (LR) has released a new airborne noise emission notation (ABN) and ShipRight procedure to meetā¦
Clarksons Acquires Safe Harbour Tanker Chartering
Provider of integrated shipping services Clarksons Platou announced that it is planning to acquire Safe Harbour Tanker Chartering, a Connecticut-based shipbrokerageā¦
ICS Perturbed on Migrant Incident
The International Chamber of Shipping (ICS) is very concerned by reports that a merchant ship, the Palau-flagged tanker āElhiblu 1ā, had been taken over by migrants rescued in the Mediterranean Seaā¦
