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RBG Enhanced Service Offering

Feb 18, 2010

RBG Limited, provider of fabric maintenance and construction support to the global energy industry, launched a new range of products and services enhancing the company’s marine and subsea capability.RBG’s new, diver friendly hydraulic lightweight…

Effect of Tax Verdict on Odfjell

Feb 18, 2010

On Feb. 12, the Norwegian Supreme Court awarded in favor of the shipping companies that the retroactive tax imposed in 2007 for the years 1996-2006 was in breach of the Norwegian Constitution. The effect for Odfjell will be an increase in the equity of about $110m…

Guilty Plea for Price-Fixing Conspiracy

Feb 18, 2010

An Italian subsidiary of a U.S.-based company has agreed to plead guilty and to pay a $2.29m criminal fine for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere…

DOT TIGER Grants List

Feb 18, 2010

The Department of Transportation (DOT) released the list of Transportation Investment Generating Economic Recovery (TIGER) grants. The grants, totaling $1.5b, are focused on rail and road projects, but include a number of infrastructure improvements in US ports…

Maersk Line’s 3rd Hamburg, Far East Service

Feb 18, 2010

On 12 February 2010, the container ship Maersk Sydney called at the Port of Hamburg for the first time as part of the Maersk Line’s expanded AE-10 scheduled liner service. This liner service links the ports of Shenzhen (Dachan Bay), Ningbo, Shanghai…

ABB Acquires Turbocharging Service

Feb 18, 2010

ABB, a power and automation technology group, has acquired the turbocharging service activities of ABCO Industries Limited located in Lunenburg, Nova Scotia. ABB did not disclose the value of the transaction.Prior to the acquisition, ABCO’s…

Statoil Gets Go Ahead for Gudrun

Feb 18, 2010

Statoil reported that on Feb. 18, the partners in the Gudrun license resolved to submit a plan for development and operation (PDO) of this North Sea discovery to the Norwegian authorities.“The decision marks an important milestone in the…

MMS Grant for Lake Pontchartrain

Feb 18, 2010

The Minerals Management Service (MMS) has approved a grant for $699,400 to Tangipahoa Parish in Louisiana through the Coastal Impact Assistance Program (CIAP) for the first phase of a proposed shoreline protection project on the northern edge of Lake Pontchartrain…

Freedom’s Maiden Deployment

Feb 18, 2010

The Navy's first littoral combat ship, USS Freedom (LCS 1), left Naval Station Mayport Feb. 16 for her maiden operational deployment to the U.S. Southern Command (SOUTHCOM) and U.S. Pacific Command (PACOM) areas of focus.During the independent deployment…

Wärtsilä Wins Advanced Lube Order

Feb 18, 2010

Wärtsilä has been awarded a contract by DSD Shipping AS of Stavanger, Norway to retrofit the main engines on four DSD Shipping vessels with the Wärtsilä Retrofit Pulse Lubricating System. The Retrofit Pulse Lubricating System (RPLS) is designed to lower the oil feed rate to the engine…

Jeppesen, Furuno Partner on Navigation

Feb 18, 2010

Jeppesen, a subsidiary of The Boeing Company, has teamed with Furuno and MapMedia to develop NavNet 3D-compatible C-MAP by Jeppesen vector charts.  This will allow boaters to use advanced features and functionality of the NavNet 3D system while navigating with C-MAP by Jeppesen chart data…

Cathelco Protects New USCG Cutters

Feb 18, 2010

A series of fast response cutters being built for the U.S. Coast Guard will be protected against hull corrosion and marine pipework bio-fouling with a system manufactured by Cathelco Ltd.The Sentinel Class cutters, measuring 154 ft in length and capable of speeds of more than 28 knots…

This Day in Coast Guard History – Feb. 19

Feb 18, 2010

1845- Lighthouse establishment transferred to Revenue Marine Bureau.  Metal buoys were first put into service.  They were riveted iron barrels that replaced the older wooden stave construction.1862- Congress authorized cutters to enforce the law forbidding importation of Chinese 'coolie' labor…

This Day in Naval History – Feb. 19

Feb 18, 2010

1814 - USS Constitution captures British brig Catherine1945 - Marines with naval gunfire support land on Iwo Jima; island secured 16 March.(Source: Navy News Service)

Surge in Boat Orders Lifts ADSB

Feb 18, 2010

According to a Feb. 16 report from The National, Abu Dhabi Ship Building (ADSB) recorded a 38 percent rise in revenues last year to $316.1m as it booked a surge in orders from the Government to protect coastal waters and offshore installations.(Source: The National)

Logistics News

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Oil Loading in Venezuela Crawls After New US Interceptions

Oil Loading in Venezuela Crawls After New US Interceptions

FMC Investigates Spain’s Restrictive Port Practices

FMC Investigates Spain’s Restrictive Port Practices

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Vucic, Serbian Vucic: Gazprom talks with Hungary's MOL about NIS stake sale
Two CMA CGM ships navigate the Suez Canal as a sign of eased tension
Oil prices steady as the market balances geopolitical risk against fundamentals that are bearish