Green Marine
IHC Merwede Appoints New CEO
As of 1 September 2013, Dirk Philips will succeed Govert Hamers as the new CEO of IHC Merwede. In addition, the Board of Management will be expanded with the appointment of a new COO, namely the current Director of the company’s Dredging division, Bram Roelse. Dirk Philips is a 48-year-old Belgian n
FSRU Toscana Arrived in Italy
Towed by two tugs, “FRSU Toscana” has arrived in Italy, in the waters of Tuscany Region in front of the coast between Livorno and Pisa. The Terminal sailed away from Malta on Friday July 26, where it made a scheduled stop necessary to finalized some mechanical activities in preparation of installati
Ardmore Shipping Prices Initial Public Offering
Ardmore Shipping Corporation announced yesterday that it has priced its initial public offering of 10,000,000 shares of its common stock, par value $0.01 per share, at $14.00 per share. The underwriters have a 30-day option to purchase up to an additional 1,500,000 common shares to cover over-allotm
Larger Vessels Handling Increasing Cargo at Lerwick (UK)
There were 2,512 vessel arrivals in the six months to June, three fewer than in the same period in 2012, with tonnage of shipping up 9% to 6.1 million gross tonnes, including 1.8 million gross tonnes of oil-related shipping, a rise of 26%. The 705 pilotage movements were up 14%, with the 4.5 million
Dana Petroleum Replaced Mooring Chains on Triton FPSO
Dana Petroleum has replaced all nine mooring chains on its oil production vessel Triton – under budget and ahead of schedule. The project was commissioned to maintain the safety of Dana’s offshore teams and the integrity of the floating, production, storage and offloading vessel (FPSO). The replacem
Scorpio Tankers Sells Shares to Finance Vessels Acquisition
Scorpio Tankers Inc. announced yesterday that it intends to offer and sell 20,000,000 shares of its common stock in an underwritten public offering. The net proceeds of this offering are expected to be used for product tanker vessel and LPG carrier acquisitions, working capital and other general cor
Claxton Responds to Urgent Call to Mend Rig Diverter’s Connection
Claxton Engineering Services Ltd, an Acteon company, successfully responded to an urgent call to mend a rig diverter’s connection by providing a 30” dual seal overshot, a 30” casing cutter and personnel to oversee operations and requirements within 48 hours. During this time period, Claxton modified
Prospects Are High for Coastline Surveys to Strike Gold in Cornwall (UK)
Cornwall is synonymous with tin mining, having built its fortunes in previous centuries extracting and producing the metal for export around the world. Sadly in recent years the industry has all but disappeared with only shore based mining taking place in one or two sites.. The resultant impact on t
New IFRS for Consolidated Accounts Could Raise Issues for Shipping
International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals with consoli
APM Terminals Hosts Indian Shipping Minister
APM Terminals hosted Indian Shipping Minister Milind Murli Deora while he was in The Netherlands July 23rd on an official government visit. The Minister and a delegation including the Shipping Ministry Joint Secretary Shri N. Muruganandam, India’s Deputy Chief of Mission to the Netherlands R.K. Sing
Experts Forge Ahead in Global Assessment of Micro-Plastics in Marine Environment
International experts have met in London to review the growing problems in the marine environment caused by micro-plastics – tiny pieces of plastic or fibres which may act as a pathway for persistent, bio-accumulating and toxic substances entering the food chain. The experts form a key working group
Estonia: New Terminal at Sillamäe Port to Be Finished by End of Year
A new container and general goods terminal at the port of Sillamäe on Estonia’s northern coast will be finished by the end of the year, marketing manager of the port company AS Sillamäe Sadam Andrei Birov said: “Right now dredging works are in progress at the terminal, the last finishing touches, so
Shipping: Great Potential to Reduce Its Environmental Impact
Shipping has great potential to reduce its environmental impact through new and modified propulsion technologies – but there is no single or simple answer that will meet every need or that can be applied to every type of vessel. Instead, says a report by an expert working group at the Royal Academy
Shipowners Face Costly New Regime over Ballast Water Management
Shipowners will soon be obliged to address new and expensive regulations to deal with ballast water. The Ballast Water Management Convention 2004 will require them to understand compliance standards, develop a ballast water management plan, select and install a treatment system and train personnel t