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MOL Release Latest On-Time Performance Data
In Q2 2013, the weather in the Pacific Ocean was stable, allowing the on time performance of Asia-USWC services to resume to over 90%. An even higher level of performance was expected, but was not achieved due to the impact on vessels by a labor strike in Hong Kong. Asia-USEC services performance maintained a similar level as was achieved in Q1 2013, while the major factor contributing to the low on time performance was terminal congestion in Algeciras.
AAIB Granted License to Operate in Somalia
Regional insurance brokerage and risk management company AAIB first to be granted license to operate in Somalia as economic opportunities drive demand. Regional specialist in broking, risk management and consultancy Anglo Arab Insurance Brokers (AAIB), has broadened its footprint, within the Middle East and North Africa (MENA) region being the first international insurance broker to have been granted a licence to operate in Somalia.
Subsea Vessels Poised for Increased Global Demand
In its latest subsea vessels report Douglas-Westwood (DW) forecast more than $100b of expenditure on subsea vessel operations over the next five years ā with global demand is expected to increase by 23%. The increase in expenditure is expected to be higher than the growth in vessel days, due to the move towards higher specification vessels to cater for deeper and more complicated field development programs.
Anything but Standard: Damen Newbuild and Repair Group Targets Global Growth
From a single newbuild and repair yard near Rotterdam in 1927, the family-owned Damen Shipbuilding group has expanded to 38 shipyards and related companies involved in new construction as well as repair and maintenance activities. Now with more than 8,000 employees and a presence in 34 countries, the Netherlands-based Damen group has become one of the worldās most successful shipbuilding businesses, thanks largely to its production methods and ever-expanding design portfolio.
Mercy Ships Surgeon Gets AAOMS Award
The American Association of Oral and Maxillofacial Surgeons (AAOMA) 2013 Humanitarian Award has been presented to Dr. Gary Parker of Mercy Ships in recognition of his lifelong efforts. Gary R. Parker, DDS, received the AAOMS Humanitarian Award for Fellows and Members recently during the opening ceremony of the 95th Annual Meeting, Scientific Sessions and Exhibition of the American Association of Oral and Maxillofacial Surgeons (AAOMS) in Orlando, Florida.
DDW Chairman to Chair DNV Offshore Technical Committee
Chairman of Drydocks World and Maritime World Dubai, His Excellency Khamis Juma Buamim has accepted an invitation to chair the DNV Offshore Technical Committee. H.E. Buamim discussed with Mr. Henrik O. Madsen, DNV GL Group President & CEO, the ongoing business and the existing cooperation between the two groups and ways to strengthen them. The meeting (which included Uwe Bullwinkel, Senior Vice President & Regional Manager India & Middle East, DNV GL Maritime and Mr.
Piracy Update: Nautilus Calls for Gulf of Guinea Action
Nautilus International has expressed concern about the seizure of a master and chief engineer officer from an offshore support vessel operating in the Gulf of Guinea.
Ocean Power and Mitsui to Commercialize PowerBuoy
Ocean Power Technologies, Inc. (OPT) and Mitsui Engineering & Shipbuilding Co., Ltd. (MES) announced that they have signed a new agreement to cooperate in the development and commercialization of OPT's PowerBuoy technology. Building on the successful work previously done together by the companies, this agreement sets forth the terms of technology licensing and other financial arrangements between MES and OPT regarding OPT's PowerBuoy systems.
Maritime Industry Loses Labor Leader Jesse M. Calhoon
The Marine Engineersā Beneficial Association (M.E.B.A.) is sad to announce that Jesse M. Calhoon, the M.E.B.A.ās longest serving President who is widely credited with ushering the Union into the modern era, died on Tuesday October 22. He was 90 years old. Calhoon served the M.E.B.A. as a powerful and visionary leader, and a tough negotiator who employers viewed as a formidable but trustworthy adversary.
Today in U.S. Naval History: October 21
Today in U.S. 1797 - Launching of USS Constitution at the Hartts Boston shipyard, Boston, Massachusetts. The ship is now the oldest commissioned ship in the U.S. Navy. 1942 - British submarine lands Capt. Jerauld Wright, USN and four Army officers at Cherchel, French North Africa, to meet with a French military delegation to learn the French attitude toward future Allied landings. 1944 - Leyte Landings continue.
Piracy at Sea Falls to Lowest Level in Seven Years
The International Chamber of Commerce's International Maritime Bureau (IMB) has revealed that piracy on the world's seas is at its lowest third-quarter level since 2006ā¦
Noble Corp. Reports Better Q3 2013 Results
Offshore drilling contractor for the oil and gas industry, Noble Corp., reports that (excluding a sale transaction mentioned below, settlement and asset impairment charge), third quarter 2013 earnings were $219 million, or $0.85 per diluted share. The results compared to $177 million, or $0.69 per diluted share, for the second quarter of 2013 and $115 million, or $0.45 per diluted share for the third quarter of 2012.
Monico and CMR Form Strategic Alliance
Monico Monitoring, Inc., a company in the industrial monitoring and control solutions market, formed a strategic alliance with CMR Group, a manufacturer of industrial engine controlsā¦
Tanker Safe Following Attack off Somali Coast
EU Naval Force confirmed that on Friday, October 11, 2013, a fully laden super tanker, known as a Very Large Crude Carrier (VLCC), was fired upon by eight armedā¦
Calecore Purchases Geotechnical Drilling Rig
Earlier this year Calecore took investment from Netherlands based investment company VEP. VEPās equity position sees the board of Calecore unchanged but the drill rig purchase is viewed as just the start of bringing significant and key assets to the balance sheet. This investment also gives leverage to Calecoreās ever growing global presence with 1 Raffles Quay, Singapore being added to the Stavanger and Moscow bases in September of this year.
U.K., Russia Enter Navigational Technology Collaboration
The General Lighthouse Authorities of the U.K. and Ireland (GLAs) are cooperating with The Internavigation Research and Technical Center in the Russian Federation to achieve compatibility in advanced navigation technologies. The common goal is to improve shipping safety across hazardous new high Arctic routes, which are playing an increasingly important role in international trade. The U.K./Russia cooperation refers specifically to the development of interoperable resilient positionā¦
More Owner/Manager Partnerships on the Horizon
Third party ship managers will become more in demand in the offshore sector as the health and safety and regulatory environment toughens up, according to one of the U.K.ās leading ship owners and ship managers. āLike a lot of maritime sectors, it comes down to size and scale but if the regulatory situation becomes even more intensive then it will make sense for an owner to look to third party managers,ā said Chris Stone, Chief Operating Officer of Bibby Ship Management. Mr.
Somali Pirate Attack on VLCC Repelled
EU Naval Force confirms that a fully laden Very Large Crude Carrier (VLCC) was fired upon by eight armed men in two āskiffsā 230 miles off the Somali coast, 11, October 2013. The attack was successfully repelled by the Armed Security Team on board the super tanker and the vessel is now safe. The Maritime Security Centre (Horn of Africa), based at the EU Naval Force Operations Centre, Northwood, UKā¦
South Africa's Transnet Go For Tideland Racons
International specialist in aids to navigation Tideland, and its its South African agent, Marine Data Solutions (Pty) Ltd, has won the contract to supply five SeaBeaconā¦
Calecore Buys Geotechnical Rig for 'Highland Spirit'
Calecore Directors Sarah Cashmore, Steven Lloyd and Richard Parkinson announce purchase of a geotechnical drilling rig for their DP2 vessel 'Highland Spirit', and also that the company has secured a third month rotation for the Kara Sea project in the Russian Arctic. Earlier this year Calecore obtained an investment from Netherlands based investment company VEP which sees the board of Calecore unchangedā¦
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
