Cardiff-based Graig Ship Management has established a new company in Singapore. Graig Services (Singapore) Pte Ltd will provide ship management, crewing and other services across Asia. Geoff Hutcheon has been appointed General Manager."Singapore is one of the world's leading maritime
Ashland Inc. (NYSE:ASH) completed the sale of its global marine services business, known for many years as Drew Marine, to J. F. Lehman & Co. for approximately $120m before tax. Ashland will use the net proceeds to reduce debt.With revenues of approximately $140m a year, the Drew Marine business has approximately 325 employees,
Japanese ship classification society Nippon Kaiji Kyokai (ClassNK) announced the establishment of its new Local Area Representative Office at Fujairah, United Arab Emirates effective 1 September 2009 at the address shown below.Establishment of the Local Area Representative at Fujairah further
Goltens Dubai and Norway-based Brødrene Aa signed a Memorandum of Understanding (MOU) with the intention of marketing high-speed ferries and special purpose vessels built in carbon-fibre composite in the Middle East. If all goes to plan during the 12-month MOU, the companies will set up a joint
Analysis of 19 target countries and 26 key onshore and offshore market sectors, ranging from land drilling equipment to offshore operations, has revealed that overall expenditure levels are expected to total $2t over the 2009-2013 period. These are amongst the key findings of a new report commissioned
Keppel FELS Limited is on track to deliver Gold Star, the first of two DSS 38 deepwater rigs to Brazilian operator, Queiroz Galvão Óleo e Gás (QGOG) later this year. Progressing on time and within budget, Gold Star will be the first DSS 38 rig to enter the market and
Schat-Harding is expanding its global service network with a new Italian office and service station in Livorno. It will be a branch office of USH Spain and will be managed by Enrico Venezia, who has experience with lifeboat servicing, and has until recently been based in Miami servicing cruise vessels.
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Kerkyra, a 6,290 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar.E. Nikolas Tavlarios,
International Register of Shipping (IRS), an independent classification society, appointed Said Nassif as managing director as incumbent Bijimon Punnoose is promoted to the management committee.This new promotion of Punnoose will now allow him to develop global strategy for IRS. Incorporated
Braemar Shipping Services plc has launched a new subsidiary called Braemar Marine, which will provide diverse marine surveying and adjusting services to the global maritime, transportation risk and insurance markets.Braemar Marine commenced operations on August 1st, 2009 from its headquarters in Atlanta, Ga.
FMC Technologies, Inc. (NYSE: FTI) announced that it has been awarded a contract by Petrobras (NYSE: PBR) (NYSE:PBRA) to supply a subsea separation system for the Marlim field, located in the Campos Basin, offshore Brazil. The contract is valued at approximately $90m in revenue to FMC Technologies.<br
A Northrop Grumman Corp. (NYSE:NOC)-led team has successfully demonstrated the integration of the AN/SPQ-9B radar and Naval Expeditionary Overwatch (NEO) system sensor data into the Integrated Combat Management System (ICMS) at the Navy's Center for Surface Combat Systems (CSCS) at Dam Neck, Va. <br
According to a London report issued Aug. 14, dry bulk freight rate index climbed by 2.5% on Friday at Baltic Mercantile and Shipping Exchange, a moderate rise for two consecutive days.Royal Bank of Scotland (RBS) indicated in its report that China's bulk commodity import will slow down,
Now traversing the Northwest Passage, the Ocean Watch crew - four professional sailors, a scientist and an educator - recently completed the deployment of three NOAA Global Drifter Program buoys. Dr. Ignatius Rigor, research scientist at the University of Washington Applied Physics Laboratory (UW-APL)
Dockwise Ltd. announced its second quarter and interim 2009 results. André Goedée, CEO of Dockwise Ltd., commented: "Dockwise has had a good second quarter, and in quieter market conditions the business is displaying its strengths. This steady operational
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (NASDAQ: SHIPW) announced that it has closed on its previously announced agreement to purchase a 50% ownership interest in Bulk Energy Transport (Holdings) Limited (BET) from Constellation Bulk Energy Holdings, Inc. BET's other equity owner is Mineral Transport Holdings, Inc.
On August 15, the Panama Canal celebrated 95 years of service as an engine of global trade and national growth. Since the steamship Ancón’s inaugural Canal passage August 15, 1914, the waterway has offered safe, reliable and efficient service to more than 983,000 transits. The Canal will
Traditional navigational routes for ferries and other passenger vessels must be recognized and protected. That was the Passenger Vessel Association’s message delivered this summer to President Obama’s Interagency Task Force on Ocean Policy. PVA told the Interagency Task Force,
Cargotec announced on 22 June 2009 of merging Hiab and Kalmar business areas. As a result of the merger, Cargotec has now formed two business areas: Marine, which comprises current MacGregor business area, and Industrial and Terminal, which comprises current Hiab and Kalmar business areas. Olli Isotalo
In the first half of 2009, the Port of Hamburg handled a total of 54.2 million metric tons of seagoing cargo. This represents a drop of 23.7 percent in comparison to the same period in the previous year. Port of Hamburg Marketing, the marketing organization for the Port of Hamburg, reported a volume of 30 million tons of imported cargo, 26.
At the 73rd Annual Joint Conference of the Lake Carriers’ Association & Canadian Shipowners’ Association in Cleveland on 12 August, 2009, Robert D. Somerville, Chairman and CEO, ABS, gave the following remarks:As I have already mentioned to several of you, it is a truly great pleasure
Strong support and serious expressions of concern from across the global industry have been expressed to the International Marine Contractors Association (IMCA) following news of proposed changes to interpretations of the Jones Act by the U.S. Customs and Border Protection (CBP). The proposed policy
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced financial and operating results for the second quarter ended June 30, 2009.The company recorded net income of $16.3m, or $0.38 basic and diluted earnings per share, for the three months ended June 30, 2009. Net income, adjusted for a $4.
Global engineering group, Cavotec MSL, has successfully completed commissioning of Scandinavia’s first fully automated vacuum-based mooring system, MoorMaster, with Danish ferry operator Nordic Ferry Services (NFS).MoorMaster is a vacuum-based automated mooring technology that moors vessels in seconds,
Composite Technology Corporation (CTC) (OTCBB: CPTC) announced that it has reached agreement to sell substantially all of the operating assets and operating liabilities of DeWind Inc., including its subsidiaries and certain assets of DeWind Ltd. to Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Despite the global recession, offshore spend is expected to grow strongly – from $578b Capex and $379b Opex over the last five years to $807b Capex and $549b Opex over the period to 2013. Exploration for fresh oil & gas supplies and development of existing and newly found accumulations from
On October 16th, the United States will host, along with the International Maritime Organization, the 2009 World Maritime Day Parallel Event. This is the first and probably only time, that we will be the Parallel Country. Because of its position at the IMO, our United States Coast Guard is the lead agency,
The last year has not been kind to the global transportation business. Demand has skidded with the global economy. Yet one year after launch, Crane Worldwide is a growing new player in the industry.The Houston-based company, which provides a variety of shipping and logistical services, is
KVH Industries, Inc., (NASDAQ:KVHI) announced the successful activation of its mini-VSAT Broadband(SM) service in Asia-Pacific waters in collaboration with SKY Perfect JSAT Corporation (also known as SP-JSAT) via the JCSAT-1B satellite. This expansion expands mini-VSAT Broadband's capacity to support the world's commercial shipping market,
Global Industries, Ltd. (NASDAQ:GLBL) announced revenues of $294.8m for the second quarter of 2009 compared to $300.5m in the second quarter of 2008. Net income was $45.9m, or $0.40 per diluted share, for the second quarter of 2009 compared to a loss of $14.1m, or $0.12 per diluted share, in the second quarter of 2008.
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) announced that its profit attributable to equity holders for the second quarter of the 2009 financial year (FY2009) was $12.2m leading to 1st half results of $21.1m.Profit for 2Q2009 increased 38.6% from the $8.8m recorded in 1Q2009. Chemoil’s
Container lines achieved a record high on-time service reliability performance, according to Drewry Container Shipper Insight’s latest quarterly schedule monitoring survey, just published.Out of nearly 1,700 ships tracked in the three months between 1 April to 30 June, 69% arrived
Stratos Global Corporation announced it has been selected by Stolt Tankers B.V. to provide a fleetwide, high-speed satellite-based communications network. Stolt Tankers is a subsidiary of Stolt-Nielsen S.A., provider of integrated maritime transportation services. The Stratos network
Tsakos Energy Navigation Limited (NYSE: TNP) reported results (unaudited) for the second quarter and first half of 2009.Revenues, net of voyage expenses and commissions, were $88.60 million in the second quarter of 2009 compared to $146.64 million in the comparable 2008 period reflecting the lower freight rate environment.
Stratos Global Corporation announced it has deployed an Inmarsat FleetBroadband mobile satellite system onboard the tall ship Bark Europa to broadcast coverage of the final leg of the Tall Ships Atlantic Challenge between Halifax and Belfast. The system is being used by BBC Northern Ireland. <br
Growing consumer demand within China coupled with a worldwide decline in the West’s ability to consume Chinese-made goods, may herald long-term changes in the pattern of world trade.This is the prediction from MDS Transmodal, a specialist transport and trade consultancy, after analyzing for The Shippers’ Voice,
According to an August 4 report from Bloomberg, StatoilHydro ASA, the world’s largest offshore oil and gas operator, said profit was almost wiped out in the second quarter as the global recession sapped fuel demand, denting prices for crude and natural gas. Net income fell to $12.8m the Stavanger, Norway-based company said.
TradeFBIUSA, a company that transforms shipping data into actionable intelligence, announced its recent launch. With TradeFBIUSA, companies can control the power of global trade data to improve business processes, while receiving a competitive advantage with the most competitive price in the industry enabling them to increase their bottom line.
Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region.The exclusive agreement, which will
Navios Maritime Holdings Inc. (NYSE:NM) a global, vertically integrated seaborne shipping and logistics company, announced that it took scheduled delivery in June and July, 2009 of three newbuild Capesize vessels, constructed by South Korean shipyards.Navios Holdings also announced that