Haun, Eric
Editor-
CMA CGM Continues Expansion, Confirms Profits
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014. In the second quarter, in a market environment shaped by diverging developments in different regions, CMA CGM reported its consolidated revenue amounted to $4.2 billion…
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‘Naval Architecture for Non Naval Architects’ Course
From September 15-18, 2014, HMC will provide a course “Naval Architecture for Non-Naval Architects” in Singapore and Kuala Lumpur. HMC facilitated this course in cooperation with M.I.C.E. Global (Singapore), a company which organizes business meetings, workshops, conferences and exhibitions in the Asian region. For almost 30 years HMC has gained knowledge in offshore maritime projects and heavy transport engineering to support companies worldwide.
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AEU Awards Recognize Maritime Safety
On August 4, 2014 The American Equity Underwriters, Inc. (AEU), a provider of solutions for workers compensation coverage under the Longshore and Harbor Workers Compensation Act, presented its Safety Awards at the annual American Longshore Mutual Association (ALMA) Conference in San Diego, California. According to AEU, the awards are an acknowledgement of leaders in the most important aspect of business operations - protecting employees from injury or death.
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Lamprell First Half Results Beat Expectations
Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives, generating improved margins. Revenues rose by $125.7 million against H1 2013 as a result of the high H1 activity levels and phasing of construction activity during the period. According to Lamprell, successful…
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Lock 3 Access Restricted in Welland Canal
The St. Lawrence Seaway issued a notice to mariners advising of conditions regarding ongoing construction and installation at Welland Canal's Lock 3 in support of its modernization project, including Hands Free Mooring equipment and infrastructure. Mariners will not be allowed any type of interface including supplies, crew changes or technical personnel at lock 3 during the remainder of the 2014 navigation or until further notice. greatlakes-seaway.com
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Rolls-Royce Acquires Power Systems Unit
Rolls-Royce today announced the completion of its acquisition of Rolls-Royce Power Systems (RRPS). The move follows an announcement made on March 7, 2014 that the Board of Management of Daimler AG had decided to exercise the put option relating to its 50% equity interest in RRPS and the announcement on April 16, 2014 that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of €2.43 billion.
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Bennett Joins TRAC Ecological Sales Team
TRAC Ecological, manufacturer of environment-friendly products for onboard equipment cleaning and maintenance, today announced the appointment of Brian Bennett as the company’s new senior sales representative. Bennett brings more than seven years of sales and marketing experience to TRAC where he will manage product sales and provide customer support for the company’s network of U.S. East Coast distributors and dealers. trac-online.com
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Star Bulk to Acquire 34 Drybulk Vessels
Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash. Star Bulk Carriers Corp. announced today that it has entered into definitive agreements with Excel Maritime Carriers Ltd. pursuant to which the company will acquire 34 secondhand operating drybulk carriers…
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FMC Forum to Address US Port Congestion
U.S. Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders and Exploring Possible Solutions" Monday, September 15, 2014, 9:30 a.m. to 4 p.m. at the Port of Los Angeles. According to the FMC, the forum’s goal is to promote dialogue on the causes and implications of congestion at U.S. ports. Topics covered will include factors causing port congestion…
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Bergen Group Sells off Shipbuilding Shares
Bergen Group ASA announced it has signed an agreement with Calexco S.a.r.l. regarding sale of the remaining 30 % shares in NorYards AS for a price of $4 million. The completion of the transaction is expected to take place by end of August 2014, thus facilitating the group’s departure from its shipbuilding interests. The sale of the minority ownership in NorYards AS (former Bergen Group's Shipbuilding…
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HydroComp to Hold Propeller Workshop
HydroComp announced it will host a special version of its propeller workshops in Tampa, Fla. September 29, 2014 before the start of IBEX 2014. The “mini-workshop” is a special version of HydroComp’s intensive propeller workshops for those involved in design, construction and operation of workboats and pleasure crafts. These two half-day educational seminars will focus on topics of successful preconstruction…
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Kris Kristofferson Attends Son's USCG Boot Camp Graduation
Singer, actor and songwriter Kris Kristofferson attended his son Jesse Kristofferson’s U.S. Coast Guard (USCG) boot camp commencement ceremony today in Cape May, N.J., the USCG reported. In a photo released by the USCG, Kris hands Jesse a certificate during the graduation ceremony of Alpha-190 at U.S. Coast Guard Training Center Cape May, N.J. Kristofferson's son was one of 78 graduates to enter the…
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Rapp Marine Hires Vatnehol as CEO
Helge Vatnehol has been appointed Group CEO of Rapp Marine. Vatnehol comes from the position of Senior Vice President Offshore Deck Machinery in Rolls Royce and takes over on September 1, 2014. “The companies in the winch division of former Rapp Marine Group have been collected within Rapp Marine Group. We are delighted that Helge Vatnehol has accepted the challenge to lead the group,” said Board Chairman of Rapp Marine, Olav Fjell. Vatnehol joined Rolls-Royce in 2000.
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Shippers Struck by Truck Capacity Issues
Evergreen Shipping Agency (America) Corp. recently announced that its movements have been affected by “truck capacity issues,” which the shipper said have been brought on by a combination of contributing factors, including driver shortages, infrastructure problems, and stricter regulations. “Every ocean carrier is being impacted by the truck shortages," Evergreen said. "While we are working 24/7 to honor our service promises…
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Ladekjær Named KPI Bridge Oil CEO
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Carsten Ladekjær as Chief Executive Officer for the group. Carsten Ladekjær is an industry veteran with 20 years in the bunker business. He joins the KPI Bridge Oil Group from previous positions as Senior Vice President and CEO of leading global bunker companies. Carsten took…
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North P&I Club Warns of Poor Newbuild Construction
The North P&I club has warned its members to check their new ships very carefully before accepting delivery. The club said in the latest issue of its loss prevention newsletter Signals that it has become aware of several of instances of potentially dangerous poor construction in the newbuilding market. The club reports that ships are being delivered with cargo hold access ladders, platforms and their cages constructed and secured to the bulkheads only by tack welds…
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Shipping Bodies Issue Ebola Virus Advice
Three global shipping organizations today issued guidance to their members on the risks posed to ships’ crews calling in countries affected by the Ebola virus. 1. The Master should ensure that the crew is aware of the risks, how the virus can be spread and how to reduce the risk. 2. The ISPS requirements on ensuring that unauthorized personnel do not board the vessel should be strictly enforced throughout the duration of the vessel being in port.
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Bill Promotes US LNG Vessel Transport
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, which aims to modernize U.S. LNG shipping export laws and strengthen the maritime industry. The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor.
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McClaugherty Joins SeaTrepid International
SeaTrepid International announced that Jim McClaugherty has joined the company as senior sales manager for the Gulf of Mexico. McClaugherty joins with 45 years of experience in the offshore industry, starting his career as a commercial diver in 1970 in the Gulf of Mexico, and over a 10 year period moved up the ranks as diver, lead diver and diver supervisor. He then became a project manager and won…
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NSRP Risk Management Panel and SCA Joint Meeting
The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va. Those who plan to attend are required to complete the registration form: http://surveys.scra.org/TakeSurvey.aspx?SurveyID=9lMHno7.