2 Shahid Ports Join Chabahar
The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran.The attachment of two ports to Chabahar Free Zone has been put on agenda aiming at increasing investment attraction, encouraging production and exports, taking the most advantage of these two ports for increasing Iran’s share of global marine transportation and transit…
OSG Acquires Alaska Tanker
Overseas Shipholding Group, the tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets, has entered into agreements with BP Oil Shipping Company USA and BP AMI Leasing to purchase the crude oil carrier vessels operated by Alaska Tanker Company (ATC).OSG currently owns a 37.5% interest in ATC. As part of the above transaction, OSG will acquire the remaining 62.5% interest of ATC that it does not own.According to the publicly traded tanker company…
UAS Announces New Marine Transportation Scholarship
As tourism increases so will the demand for trained, licensed employees and sea pilots navigating the Inside Passage and a new University of Alaska Southeast (UAS) scholarship endowment was inspired to do just that.The Captain Michael A. Clinkscales Maritime Scholarship has been established to support UAS students enrolled in marine transportation courses. Fellow sea pilots led the cause to raise more than $38,000 in honor of “Clink,” a man who was known to inspire and encourage others in the maritime trades.
Campbell Transportation Names Buese President
Campbell Transportation Company is promoting Kyle Buese to the role of President, effective January 1, 2020, the Pittsburgh-based inland marine transportation and services company announced on Wednesday.Buese has been the Executive Vice President of Campbell Transportation for the past year. He will replace Mike Monahan who is retiring as President.Monahan, who is stepping down after eight years as Campbell President, will stay on as a member of the company's Board of Directors.Peter Stephaich…
Pyxis Sells a Product Tanker
The Greek marine transportation provider Pyxis Tankers Inc announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker.The emerging growth pure play product tanker company said that the closing of the sale should occur in January, 2020 and is subject to customary closing conditions.Valentios Valentis, our Chairman and CEO said: “The sale of our oldest, non-eco MR tanker reduces the average age of our fleet and provides us capital to repay debt…
Maritime Schools Must Prep for Offshore Wind Jobs
The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43,000 by 2050. To support this growth, U.S. Department of Energy reports estimate over 40,000 new jobs will be created by 2030.The new jobs anticipated to support the offshore wind industry include a wide range of types, including engineers, trade workers, surveyors, scientists, technicians, managers, and seafarers.
Interview: Ed Grimm, CEO, Southern Towing Company
“In God we trust. All others must have data.”When Ed Grimm took the helm of Southern Towing Company (STC)as President and CEO, he inherited an enviable team of leaders, engineers, mentors, communicators and analysts. Today STC is a clear leader on the inland waterways, pioneering and proving the business and safety value of Z-Drives on the river towboats.How did you come to the top spot at Southern Towing Company?I started in the energy industry at 16 working at an oil storage depot in New York Harbor, working there through high school and putting myself through college.
BoatUS’s Kennedy Elected Chairman of AIWA
BoatUS Manager of Government Affairs David Kennedy was elected chairman of the Atlantic Intracoastal Waterway Association (AIWA). Kennedy, who will serve a one-year term, previously served as the organization’s vice-chair and board secretary.“Thousands of boaters rely on the Atlantic Intracoastal Waterway every year,” said Kennedy. “It plays an important role in the nation’s marine transportation system. Whether traveling its length as part of semiannual ‘snowbird’ migrations or simply enjoying local waters, boaters count on AIWW every day.
10th Annual Maritime Risk Symposium at Suny Maritime
3-Day Event Gathers Industry Leaders to Focus on Risks to the Marine Transportation SystemFrom November 13-15, the 10th annual Maritime Risk Symposium (MRS) will take place at SUNY Maritime College bringing together academics, government, and commercial entities to discuss threats, challenges, and risks associated with the Marine Transportation System (MTS).Key industry leaders participating in the event include First Coast Guard District Commander Rear Admiral Andrew Tiongson, MARAD Administrator Mark “Buz” Buzby, and New York State Supreme Court Judge John Ingram.
Incidents involving container ships, although not new, have made the news much more frequently of late. In 2011 the Container Incident Notification System (CINS) was established to allow container ship owners to self-report incidents that might be of concern the other members of the group, and today CINS has 17 vessel owner members.The cases of the Yantian Express, Maersk Honam, MSC Flaminia, MSC Daniela, are some of the most recent examples of container ship fires. The rise in the rate of container ship fires…
Kuok Makes Cash Offer for POSH
The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0.215 a share, marking a 97.2 percent premium over the stock’s closing price on 30 October.The offer price represents a premium of approximately 109.8%, 96.2%, 69.6% and 35.3% over the one-month, three-month, six-month and twelve-month volume-weighted average prices respectively…
Polymer Pioneer Receives Engineering's Highest Accolade
On October 31st, 2019, George A. (Sandy) Thomson, the founder of Thordon Bearings and a pioneer in the development of advanced polymer materials, was presented with the 2019 Elmer A. Sperry Award in recognition of “leading the innovation in water-lubricated propeller shaft bearings” in marine transportation through the use of polymeric compounds.The award was presented to Mr. Thomson at the SNAME Maritime Convention, in Tacoma, USA, by the Chairman of the Board of the Institute of Marine Engineering, Science and Technology (IMarEST), Mr.
Maritime Risk Symposium, Nov. 12-15 at SUNY Maritime
The State University of New York Maritime College, in collaboration with the U.S. Coast Guard, National Academy of Sciences, academic institutions, industry partners, and federal, state and local agencies, will host the 10th Annual Maritime Risk Symposium (MRS 2019) Nov. 13-15, 2019, at New York Maritime College located in the Bronx, New York.MRS 2019 will bring together academics, government and commercial entities to discuss the threats, challenges and risks associated with the Marine Transportation System with a focus on current and future marine transportation challenges and threats.
Teekay Resolves China LNG JV Issues
Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified as a “blocked person” under Office of Foreign Assets Control (OFAC) rules.According to a press release from the owners and operators of LNG carriers, providing LNG and LPG marine transportation services firm, Teekay Corporation and Teekay LNG Partners announced that COSCO Shipping Energy Transportation, a COSCO group firm…
Autonomous Ships Market: $134.9B by 2030
The global autonomous ships industry is expected to generate $134.9 billion by 2030, witnessing a CAGR of 4.4% from 2020 to 2030.This projection is premised on an increase in demand for cargo transportation from marines and surge in operational safety of ships drive the growth of the global autonomous ships industry, according to a report published by Allied Market Research.Based on region, Europe is expected to register the largest growth rate with a CAGR of 4.9% from 2020 to 2030.
Algoma Acquires Croatian-Built Vessel
Canadaian provider of marine transportation services Algoma Central Corporation has reached an agreement with 3Maj Brodogradiliste of Croatia under which Algoma will acquire a new Equinox Class 650’ self-unloading dry-bulk carrier upon completion of the vessel by the Shipyard.The vessel, the second of two such ships that were to be built by 3Maj for the Company, is partially built and moored at the 3Maj shipyard in Rijeka. Work on the vessel was halted in 2017 when the Shipyard entered an extended period of financial difficulties.Algoma took delivery of the Algoma Innovator…
Qatar, Shell Partner on LNG Bunkering
State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…
Crowley Awards Scholarships to Four Cal Maritime Students
Crowley Maritime Corp. awarded Thomas B. Crowley Sr. Memorial Scholarships to four California State University Maritime Academy (CMA) cadets at the Containerization and Intermodal Institute’s Connie Awards last night in Long Beach, Calif.The recipients earned the scholarships based on their academic achievement, financial need and their interest in pursuing careers at sea.Spencer Hoffman, a third-year student from Loomis, Calif., is currently a junior studying marine transportation. He serves as a cadet ambassador for the academy.
Haisla Nation, Seaspan ink LNG Canada Tug Deal
HaiSea Marine, a joint venture partnership between the Haisla First Nation and Seaspan ULC, today announced the signing of a contract award with LNG Canada to design, build and operate escort tugs and harbor tugs required for LNG Canada’s LNG export facility in Kitimat, British Columbia.The value of the contract award is approximately $500 million over 12 years and will result in employment for approximately 70 mariners and six onshore staff, plus other roles for employees of the partner organizations.“HaiSea Marine is majority-owned by the Haisla…
Waterfront Adds Methanol-Fuelled Vessels
The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels, said the wholly owned subsidiary of Methanex Corporation.The vessels join the seven existing methanol-fueled vessels chartered by Waterfront Shipping…
Belle Chasse Marine Repowers with Volvo Penta
Reliability, Power, Fuel Savings and Minimal Downtime Key Factors in Repower Decision.Belle Chasse Marine Transportation, the largest launch service on the Lower Mississippi, puts a lot of hours on its fleet of crew and supply boats, which run day and night. One thing they can’t afford is downtime.“The river never closes, and neither do we. Our customers expect us to give them reliable round-the-clock service no matter what the conditions,” said Dillon Entrekin, port engineer at Belle Chasse.
Boxship Operators Opt for Navis Loading Computers
Twenty newly built container vessels in the size ranging from feeder segment 2,300 TEU to 15,100 TEU have been selected to be equipped with MACS3.Oakland, CA and Flensburg, Germany—July 2nd, 2019—Navis, the leading provider of maritime software solutions for efficient and compliant cargo and vessel performance, has announced that it has been selected as a partner for liner operator, Yang Ming and ship owner and ship manager ChinaNavigation and Eastern Pacific. Through this partnership…
New CEO for Cook Islands Registry
Maritime Cook Islands (MCI) has appointed Angelos Chatzigeorgiou to succeed Glenn Armstrong as Chief Executive Officer (CEO), effective from July 1, 2019.Glenn, who has led the registry since 2006, has stepped down and will join the registry’s Board of Directors.Angelos joins MCI from Hellenic Silk Company, and previously held senior management roles at Seagull S.A. international Freight Forwarders Group and Cardiff Marine, a shipping and marine transportation services provider.
Massport Board Appoints New CEO
The Massachusetts Port Authority (Massport) picked its port director, Lisa Wieland, to be its next Chief Executive Officer(CEO), bypassing the other finalist, a member of the city's power elite, for one of the most influential public-sector jobs in the state.Board of Directors voted to offer Wieland the position of CEO and Executive Director for a five-year term. Contract negotiations will occur at a later date.The search firm Isaacson, Miller sought a diverse candidate pool for the position and more than 100 applications were received.
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping companies are responsible for undertaking the marine transportation vital to the infrastructure underpinning people's daily lives worldwide," it said.MOL established a policy to equip its vessels with ballast water treatment systems in fiscal year 2014, ahead of the issuance of the Ballast Water Management Convention in September 2017.As of April 2019…
Crowley Promotes Two Supply Chain Leaders
Crowley Logistics has promoted two of its veteran leaders, Sal Menoyo and Patrick Collins, to continue advancing the efficiency and growth of its integrated supply chain services in the U.S., Puerto Rico and Caribbean islands.Menoyo has been named vice president, Caribbean logistics, responsible for the strategic direction of sales, marketing, and administration of its logistics and ocean transportation services throughout Crowley’s footprint in Puerto Rico, the Dominican Republic…