South Korea will ban, according to a Yonhap report, all single-hull tanker operations starting in 2011. The news agency reported that the Ministry of Land, Transport and Maritime Affairs said that all locally registered single-hull tankers with a deadweight tonnage of 5…
A year after a shipbuilding contract dispute emerged between Otto Marine unit Otto Offshore and GC Rieber Shipping ASA, a settlement has been reached.Otto Marine announced that it has entered into a 'mutually beneficial global settlement' with GC Rieber…
According to an AFP report, Vietnam has named a new chairman to take over Vietnam Shipbuilding Industry Group (Vinashin), after the last head was arrested for driving the company into massive debt. Prime Minister Nguyen Tan Dung reportedly appointed Nguyen Ngoc Su…
There is a new focus on technological solutions for ship self-defense against pirate attacks. Although some systems have been around a bit longer, the surge in new products is attributable largely to the dramatic increase in attacks on ships by Somali pirates over the last few years…
While it may be an unpopular opinion, I support marine environmental regulation – so long as it is sensible, fair, well-researched, and structured so as to result in minimal unintended consequences. Knee-jerk regulation, on the other hand, is invariably counterproductive…
Please provide a brief professional history of yourself?I have more than 20 years of experience in all aspects of the planning and production of a wide variety of aluminum high speed vessels ranging in length from 26m to 107m. I have been…
Chesapeake Energy and CNOOC Limited executed an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas…
According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.
The fleet of tankers operated by the U.S. Navy's Military Sealift Command is being reconfigured to meet fuel requirements in support of U.S. forces worldwide. This seagoing force of government-owned and U.S.-flagged chartered ships is acquiring a new chartered ship…
The NOAA Hydrographic Services Review Panel will meet Oct. 12-13, in Vancouver, Wash., to discuss operations, research and development, hydrographic surveying, nautical charting, and geodetic and geospatial measurements. The panel is a Federal…
EXMAR NV and Teekay LNG Partners L.P. (Teekay, NYSE: TGP) have reached an agreement in principle whereby Teekay will purchase a 50% interest in two of EXMAR’s LNG carriers: EXCELSIOR (2005-built LNGRV) and EXCALIBUR (2002-built conventional LNG) with an economic date of 1 September 2010…
Tidewater entered into a contract with Drydocks World for the construction of four 265-ft. deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight…
While many companies in the marine industry talk a good game when it comes to 'grooming the future generation,' a Norwegian company is investing. Aker Solutions opened up the application period for its two-year International Talent Programme…
Volvo Penta India won an order for 40 D12MH-350 engines from Sesa Goa for powering their iron ore barges which will ply in Mandovi & Zuari Rivers in Goa, on west coast of India. Volvo Penta is the first imported engine manufacturer in India…
International accountant and shipping consultant Moore Stephens reports an average fall of 2.0 per cent in total annual operating costs in OpCost 2010, its unique ship operating costs benchmarking tool. This is the first time since 2002 that OpCost has revealed a fall in total operating costs…
