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Moore Stephens: 4th Straight Year of Operating Costs Decline
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction in such costs. All categories of expenditure were down on those for the previous 12-month period. This suggests continued pragmatic management of costs by ship owners and operators…
Container Shipping Market has Bottomed Out
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected…
Ohmsett: Advancing Spill Response Every Day
The National Oil Spill Response Research and Renewable Energy Test Facility has been an integral part of the spill response community for more than three and a half decades. Tucked away on the shores of the Sandy Hook Bay in central New Jersey resides Ohmsett – The National Oil Spill Response Research and Renewable Energy Test Facility. It has been an integral part of the spill response community for more than three and a half decades.
USN to Commission Destroyer Zumwalt
The Navy will commission the destroyer Zumwalt (DDG 1000), Saturday, Oct. 15, during a 5 p.m. EDT ceremony in Baltimore, Maryland. The ship is named in honor of Adm. Elmo R.
Evidence Suggests Houthi Role in Strike on US Warship
The United States is seeing growing indications that Iran-allied Houthi rebels, despite denials, were responsible for Sunday's attack on a Navy destroyer off the Yemen coast, U.S. officials told Reuters. The rebels appeared to use small skiffs as spotters to help direct a missile attack on the warship, said U.S. officials, who are not authorized to speak publicly because the investigation is ongoing.
Japan Protests over Signs of Renewed Chinese Gas Exploration
Japan has protested to China over signs it is pressing ahead with maritime gas exploration in the East China Sea despite Tokyo's repeated requests to stop, Japan's…
Roundtable Discusses Nigeria’s Maritime Future
The Commonwealth Enterprise and Investment Council (CWEIC) together with the Ship Owners Association of Nigeria (SOAN) have co-hosted an event on “The Future of…
Korean Register CEO Park Passed Away
Dr. B. S. Park, Korean Register Chairman and CEO, has passed away after a short illness. Dr. Park graduated from Korea Maritime and Ocean University in 1976 and joined Pan Ocean Shipping where he worked in a number of capacities until 2001. In that year he was appointed CEO of Welson Korea Insurance Brokers before becoming COO of Korea P&I Club in 2006. He appointed as Chairman and CEO of KR in December 2014. Dr. Park was 63 and leaves a wife and two children.
Commercial Ports along Florida's West Coast Reopened
The U.S. Coast Guard said it had reopened all commercial ports along Florida's west coast on Friday, while hurricane Matthew continued to lash the northeast coast of the state.
No Reprieve for Multipurpose Shipping Until 2018: Drewry
The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak…
Fuel Crunch Looms, Terminals in Path as Hurricane Matthew Nears US
The Southeast United States is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country. Some states are already experiencing supply constraints as motorists fill up tanks as an emergency precaution. The region is not known for energy production, but there are significant storage facilities directly in the path of the storm that have already been evacuated.
Interview: Todd Schauer - President, American Salvage Association
Todd Schauer is Director of Operations at Resolve Marine Group, as well as President of the American Salvage Association. After graduating from the U.S. Coast Guard Academy with a degree in Naval Architecture in 1991, he followed that up with graduate degrees in Naval Architecture, Marine Engineering and Mechanical Engineering from the University of Michigan. And, while his considerable U.S. Coast Guard experience includes shipboard engineering…
Hurricane Matthew Strengthens as it Heads for US
Hurricane Matthew, the fiercest Caribbean storm in nearly a decade, strengthened as it barreled toward the southeastern United States on Thursday after killing at least 140 people, mostly in Haiti, on its deadly northward march. As Matthew blew through the northwestern Bahamas on Thursday en route to Florida's Atlantic coast, it became an "extremely dangerous" hurricane carrying winds of 140 miles per hour (220 kph), the U.S. National Hurricane Center said.
More than 11,000 Migrants Rescued off Libya this Week
More than 5,000 migrants were saved on Tuesday and Wednesday off the Libyan coast and 28 bodies recovered, bringing the total number of people rescued this week to more than 11…
US Offshore Wind Comes to Life
Marine News contributor Robert Kunkel asks: Are we ready to support the farms? On August 19, 2016, we watched as the fifth tower and associated nacelle was raised on the Deepwater Offshore Wind Farm approximately 3 miles offshore of Block Island, Rhode Island. This is the first Offshore Wind farm erected in the United States and, without a doubt, a huge step forward for this controversial project and alternative energy supply.
Nearly 11,000 Migrants Rescued in Last 48 hours off Libya
Many bodies found in the hold of one ship. More than 4,650 migrants were saved on Tuesday off the Libyan coast and 28 bodies recovered, bringing the total number…
Op-Ed: Alaska's Golden Offshore Opportunity
Offshore energy presents a golden opportunity for Alaska and the United States. As we enter the final quarter of the year, one of the last and most pressing pieces of business facing the Interior Department is to finalize its next offshore leasing program, which will specify exactly which parts of the United States’ Outer Continental Shelf will be open to oil and gas development between 2017 and 2022.
Shippers Brace for IMO's New SOx Rules
IMO to decide whether to introduce rules in 2020, or 2025; EU, China already pushing for stricter regulation. The global shipping industry is bracing for a key regulatory…
HMS Westminster Undergoes Extensive Refit
A multimillion pound refit has been carried out on Portsmouth-based Type 23 Frigate, HMS Westminster, to return her to the forefront of naval capability. Her extensive maintenance period, as part of the £600 million Maritime Services Delivery Framework (MSDF), has been carried out by a team of more than 800 people at Portsmouth Naval Base, U.K. The upkeep program on the 24-year-old Duke Class frigate…
Hendry Marine CEO Aaron Hendry Passes Away
Aaron W. Hendry, husband, father and grandfather, as well as Florida business leader, died today at the age of 80. Aaron passed away peacefully in his home after a battle with pancreatic cancer. Aaron leaves behind his wife Barbara, six children and three grandchildren. “Aaron Hendry was a wonderful businessman, and a giant in the maritime industry,” said Dennis Manelli, ‎General Counsel and Chief Financial Officer at Hendry Marine.
