News


RCCL Names Pimentel President & CEO

Royal Caribbean Cruises Ltd. (RCCL) has announced the appointment of Larry Pimentel to the newly created position of president and chief executive officer of Azamara Cruises. Pimentel will have responsibility

Petrobras Expected to Award Contracts

According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units.

Chinese Shipbuilding Industry Faces Credit Crunch

According to China Daily, the nation’s shipbuilding sector is suffering from a shortage of funds. China's ship builders received 1.18 million deadweight tons (DWT) of new orders in the first five months this year,

Paragon Shipping Signs Two-Year Contracts

Paragon Shipping Inc. has entered into new two-year time charter contracts for the Calm Seas and the Coral Seas.  Both vessels have been forward fixed on period time charters for 23 to 26 months at a gross daily rate of $15,775 per vessel with Intermare Transport GMBH.

Fourth Panama Canal Excavation Project

As part of its Expansion Program, the Panama Canal Authority (ACP) plans to solicit bids for the fourth and last dry excavation project. The project will be the final phase in creating a critical access

New Joint Venture Global SSP

SSP Offshore Inc. of Houston, TX has entered into an agreement with Dubai-based Global Process Systems Inc. (GPS) to form Global SSP, a 50/50 joint venture. The new JV, based in Singapore, will focus on commercializing the proprietary SSP platform,

Electronic Navigation: Improved Training and Auditing Will Enhance Navigation Safety

Modern electronic navigation systems have the potential to improve vessel navigation safety and ruce accidents.  The potential of these new systems is unlikely to be realiz, however, if the officers keeping the navigation watch are not fully train and properly qualifi in their use.

Ziff Completes New Study

Ziff Energy Group has completed the 7th edition of its Gulf of Mexico Deepwater Improving Field Performance (IFP) study, which evaluated pre-hurricane 2008 & 2007 operating costs for more than two dozen producing Deepwater assets.

Nor-Shipping 2009 Defies Economic Downturn

Nor-Shipping 2009 was the largest in the event’s history, dating back to 1967. 1105 exhibitors from 52 countries participated. By comparison, Nor-Shipping 2007, which took place in the midst of a market boom, had 830 exhibitors from 42 countries.

Downturns in Chinese Shipping Industry

Though it has sustained economic growth for the past ten years, China’s shipbuilding industry suffered in 2008. The nation contracted 48.3% fewer ships in the first half of the year as compared to 2007.

Sealink Delivers New Vessel

At the end of June, Sealink Slipways at Miri delivered a 53.8-by-13.8-m Offshore and Support Vessel to Rederij Groen B.V. of the Netherlands. Unlike Sealink’s Venture G, the new Maria G is powered by a pair of Cummins KTA50-M2 mains and uses three Cummins QSM11DM-powered 245 kW generators.

EU NAVFOR Develops Communication Technology

The British Royal Navy-led EU NAVFOR, the European Union’s first naval task force assembled to protect international shipping in the waters off Somalia, has partnered with IT service company Polymorph to develop a collaboration tool for its vessels.