The International Bunker Industry Association (IBIA) has moved quickly to dispel the apparent confusion currently surrounding implementation of the EU directive requiring all ships to use low-sulphur fuel while at berth in EU ports.EU Directive 2005/33/EC requires that, with effect from January 1,
Northrop Grumman Corporation (NYSE: NOC) reported Q4 2009 net earnings of $413 million, or $1.31 per diluted share, and 2009 net earnings of $1.7 billion, or $5.21 per diluted share. In 2008, the company reported a fourth quarter net loss of $2.5 billion, or $7.75 per diluted share, and a net loss for the year of $1.
ENCs from Primar can now be downloaded directly to an electronic chart display and information system (ECDIS) after type-approval of the first such unit able to communicate with the internet.Certified by Det Norske Veritas, the new ECDIS-4000 from Sweden’s Adveto Advanced Technology
Brunswick Corporation (NYSE:BC) announced that it will consolidate a portion of its aluminum boat production within its current manufacturing footprint as part of its ongoing efforts to be more agile and responsive to marine market demand."For the past several years, we have worked
As part of the National Shipbuilding Research Program’s (NSRP) core mission to reduce the costs associated with Navy shipbuilding and repair, the NSRP Executive Control Board has selected 14 new research and development projects for award, totaling approximately $1.2M. These projects will be executed
Developing a roadmap for Florida’s transportation needs during the next 50 years is the challenge that Port Canaveral CEO J. Stanley Payne has accepted as a member of the 2060 Florida Transportation Plan (FTP) Steering Committee. The plan, adopted five years ago, provides the policy framework
Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), a marine transportation company that owns and operates Handymax and Panamax dry bulk vessels, announced that a subsidiary of the company has entered into a new time charter agreement for the M/V Tiara Globe with Transgrain Shipping at a gross rate of $20,
Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, to build a customized KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010. Upon rig delivery, which is slated in the second half of 2012,
Established in 2006, the primary goal of the MLC is to be a pillar in the international maritime regulatory framework, establishing a level playing field for seafarers’ working and living conditions. While MLC 2006 is not expected to come into force before December 2011 (based upon the EU’s
NACE International, the corrosion society, will offer a special workshop free to all attendees at Corrosion 2010 that is specifically designed to help private industry sell to the U.S. Department of Defense (DoD). The workshop introduces the DoD web portal, CorrDefense, and explains how to use the associated DoD Product Introduction Tool.
Puerto Rico Maritime Transportation Authority (PRMTA) deployed the 300 passenger / 300 ton cargo vessel, M/V Cayo Largo to Barahona, Dominican Republic to assist in the humanitarian effort for Haiti. The vessel, which was designed and built by Blount Boats, Inc. of Warren, R.I., has been in service
The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics for fiscal year 2010. In Q1, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage) significantly decreased. There also were increases in total transits and net tonnage.
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) announced that it is expanding its Dominican Republic sailings from every two weeks to weekly. The company will provide this service utilizing its existing vessels that currently link the ports of Jacksonville, Fla., San Juan, Puerto Rico, and Puerto Plata, Dominican Republic.
1783 - Hostilities cease between Great Britain and the United States 1903 - Theordore Roosevelt issues Executive Order placing Midway Islands under jurisdiction of the Navy Department. 1914 - School for naval air training opens in Pensacola, FL. 1948 - Establishment of U.
Signal International Inc. announced the purchase of the Bender Shipbuilding & Repair assets through a bankruptcy auction. Signal was the winning bidder of the Mobile, Ala. shipyard for $31.2m which is contingent upon approval by the United States Bankruptcy Court for the Southern District of Alabama.
Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee.The DNV Offshore Committee is the first of its kind to
The Youth Maritime Training Association (YMTA) is a non-discriminating nonprofit organization dedicated to promoting and supporting students who wish to pursue careers in the maritime industry including the marine sciences.The YMTA offers an annual scholarship which may be used by students
Horizon Lines, Inc. (NYSE:HRZ) announced that it reduced funded debt by $38.1m during the fourth quarter and completed its fiscal year with $28m less in funded debt than a year ago.The company achieved stronger-than-projected free cash flow during the fourth quarter ended December 20, 2009.
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced its intention to participate in a new project involving the formation of a company expected to invest in containerships over the next 12-18 months. Diana Shipping intends to invest $50m for a minority stake in the project,
Apache Corporation (NYSE:APA) reported a fire aboard its East Cameron (EC) 2 processing platform, in La. state waters of the Gulf of Mexico about two miles off the coast of Cameron Parish.The three personnel on the platform, all Island Operating employees, evacuated the platform and were rescued.
The Seamen’s Church Institute of Philadelphia and South Jersey announced that Dennis Rochford and Lisa B. Himber will be honored at its annual Spirit of the Port luncheon March 30. Rochford is president and Himber is vice president of the Maritime Exchange for the Delaware River and Bay, a nonprofit trade association.
Neptune Orient Lines Limited (NOL) announced the appointment of international business figure Robert J. Herbold to the company’s Board of Directors, effective 1 February 2010.From 1994 to 2001, Herbold was Executive Vice President and Chief Operating Officer of Microsoft Corporation.
Crowley Maritime Corporation announced a restructuring involving three members of its senior leadership team. John Douglass and Rob Grune will move to new positions, with Douglass taking over as senior vice president and general manager of Crowley's Puerto Rico/Caribbean liner services, and Grune taking
The Federal Maritime Commission (FMC) announced that Michael A. Khouri of Louisville, Ky., has been sworn in as a Commissioner for a term to expire on June 30, 2011. Commissioner Khouri was nominated by President Barack Obama on December 3, 2009, and confirmed by the Senate on December 24, 2009.<br
Bud Streeter is the new Vice President and Marine Manager for the United States, including responsibility for Panama, Mexico, and the Caribbean. Previously he was Lloyd’s Register’s Marine Manager Canada and, for the immediate future, he will retain his Canadian responsibilities. Bud has
C-PORT, Conference of Professional Operators for Response Towing, the national association for the Marine Assistance Industry, announced the hiring of Tina Cardone as Executive Director. Formerly the Director of Government Affairs at C-PORT, Cardone will consolidate that position into her newly assigned role.
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced it has entered into an agreement to acquire Verbeke Bunkering N.V., a physical supplier of marine fuel in the Antwerp-Rotterdam-Amsterdam (ARA) region, the world's second largest bunkering market. The acquisition, which is subject to the completion of detailed documentation,
Northrop Grumman Corporation (NYSE: NOC) announced a decision to move its corporate office from Los Angeles to the Washington D.C. region by 2011. The company is engaged in a search to identify a specific location within the Washington, D.C. region, including the District, Maryland and Virginia. It
Singapore Exchange Mainboard-listed Stratech Systems Limited (Stratech) announced that it has been awarded a S$1.16m contract by the Maritime and Port Authority (MPA) of Singapore to design, implement and maintain the next-generation Shipmast Height Detection System (SHDS).The ability to
On Dec. 31, Timothy J. Farrell, Executive Director of the Port of Tacoma, issued the following statement updating stakeholders on progress being made at the port:Five years ago, I promised that the Port of Tacoma would take care of our customers, build a foundation for future growth, and be a good neighbor.
UAE based GMMOS Group, backed by Abraaj Capital and Waha Capital, has acquired 100% of the share capital of Minnow Marine Projects Limited (MMPL) through its newly formed Singapore based division Stanford Asia. MMPL founder and CEO Robin Reeves will remain actively involved in the further development of the combined group as head of Stanford Asia.
As the region gears up for stronger business recovery in 2010, Asia Pacific Maritime 2010 (APM) is poised to offer an even greater variety of solutions to meet the needs of the shipping and shipbuilding industries as they ride on the crest of a new demand curve.Scheduled to be held from 24th to 26th March 2010 at the Singapore Expo,
1897-Congress prohibited the killing of fur seals in the waters of the North Pacific Ocean.1903-An Executive Order extended the jurisdiction of the Lighthouse Service to Guantanamo, Cuba.1999- The 578-foot cargo vessel Violetta caught fire in the Houston ship channel. Twenty-three of her crew were rescued.
1835-The "Dade Battle" occurred when Seminole Indians ambushed and killed Major Francis Langhorne Dade and his Army command while they were on the march on Fort King Road from Fort Brooke to reinforce the troops at Fort King (Ocala). This battle was the immediate cause of the Second Seminole War,
CMA CGM announced that an agreement was reached with its financial partners leading to the allowance of a 500 million dollar credit line, payable to the Group in January 2010. This important step will enable the Group to pursue the current talks regarding its debt restructuring
The Panama Canal Authority (ACP) received four bids on Dec. 22, moving the ACP one step closer to awarding the fourth dry excavation (PAC-4) contract under the waterway’s Expansion Program. Now, the ACP will thoroughly analyze the technical and financial submissions and award the contract in the coming weeks.
MAN Nutzfahrzeuge will transfer part of its business involving high-speed engines to the group’s sister company, MAN Diesel. With effect from 1 January 2010, these activities will be integrated into MAN Diesel to form a Business Unit High Speed. The new Business Unit will offer diesel and gas engines in a performance range from 70 to 1,
For the quarter ended September 30, 2009, Omega Navigation reported total revenues of $14.3 million and Net Income of $1.9 million, or $0.12 per basic share, excluding losses on interest rate derivative instruments and incentive compensation grants expense. Including these items the Company reported Net Income of $ 0.
Global shipping leader APL and the Bay Area Air Quality Management District announced a landmark $11m project to cut vessel emissions and improve this city's air quality starting in 2010.Armed with $4.8m in air quality grants, the world's fifth-largest container carrier said it will retrofit
J. Stanley Payne, Chief Executive Officer of the Canaveral Port Authority, will serve on the 2009-10 Executive Committee of the Board of Directors of the American Association of Port Authorities (AAPA). He was named to the 10-member board during the annual AAPA meeting held this year in Galveston, Texas.