Indonesia’s ambitious plans for the new port of Tanjung Sauh seem not to regard Singapore's transhipment dominance.Singapore’s relentless cargo growth of 5.7% last year, up to 31.6 million TEU, indicates that it is still catering well to customers’ transshipment needs…
The U.S. Coast Guard's Engineering Analysis Board has identified factors associated with corrosion on the Coast Guard’s National Security Cutter 'Stratton'.The Engineering Analysis Board concluded that the unusual pattern of corrosion observed…
Creditors are expected to inject 800-billion Won (US$ 730-million) into STX Group during 2013, according to Yonhap News Agency.Creditors of STX Group will likely pump at least 800 billion won (US$730 million) into the troubled shipbuilding conglomerate in a bid to keep it afloat…
Northrop Grumman Corporation will appoint Andrew Tyler chief executive for the United Kingdom and Europe, effective July 1, 2013.In this new position, Tyler will play a leading role in supporting the company's current programmers, developing…
Under increasing pressure from competitors & the authorities, the Russian gas major is stepping up exploration & drilling in Arctic waters.A total of four wells were drilled and 3000 square km of 3D seismic mapping was conducted in the…
MAN Diesel & Turbo has signed a significant engine maintenance concept (EMC) agreement with German shipowner Rörd Braren covering 3 ships.MAN PrimeServ – MAN Diesel & Turbo’s after-sales service brand – recently agreed a closer, mutual cooperation…
Cape Fear federal pilot launches its first pilot boat and welcomes its latest customer, US Shipping Corp.After years of using a hired launch vessel for boarding ATB's, tugs and ships at the entrance to the Cape Fear River, the Cape Fear Federal Pilots recently launched its first pilot vessel…
Vard contracted by Island Offshore for the construction of an advanced offshore support vessel (OSV) of Rolls-Royce design. The value of the contract amounts to approximately NOK 400 million and delivery is scheduled from Vard Brevik in Norway in Q3-2014…
Ocean carriers cannot afford to operate services from Asia to Europe at rates which are between 25% and 30% lower than in January, says Drewry.Although the recent collapse of rates was excessive, it will not be reversed until carriers withdraw…
New American Wind Energy Association (AWEA) leadership takes helm with EDPR’s Gabriel Alonso chairing the board. Tom Kiernan to speak as incoming CEO.Generating a sense of electricity like the thousands of wind turbines in the region, the WINDPOWER 2013 Conference & Exhibition (May 5-8…
The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down.In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2 million from $965.9 million in Q1 2012…
Lifeboat hooks can be lethal, and their design is out of date and unsuitable to meet modern demands, according to serving seafarers whose views have been gathered by InterManager.Following a series of incidents and fatalities involving lifeboat hooks…
Saab Seaeye has expanded its international presence by opening an office in Houston, Texas.The company is already the world’s largest manufacturer of electric remotely operated underwater vehicles with distributors in 26 countries and more than 700 systems sold worldwide…
Ceona announced the appointment of Mark Preece who will be joining the executive team as Executive Vice President Commercial and Business Development and will report to Steve Preston, CEO. Mark will join on the June 2, 2013.Mark has senior management…
Moving MOUs to sheltered waters or drydock facilities for surveys is disruptive and expensive. Using the experience gained from several years of dealing with floating production units and surveying drilling units on location, DNV is now preparing…
