http://www.maritime-executive.com/articles.rss Tue, 18 Jun 2013 16:21:17 -0400 The Maritime Executive - Latest News. en-us http://www.maritime-executive.com/article/Carnival-Sues-BAE-Systems-Over-Recent-Triumph-Mishap-2013-06-18 http://www.maritime-executive.com/article/Carnival-Sues-BAE-Systems-Over-Recent-Triumph-Mishap-2013-06-18 Carnival Corporation has reportedly filed a lawsuit asking for more than $12 million in damages that the Carnival Triumph suffered in an April incident. The Carnival Triumph broke free of its mooring during a windstorm, resulting in the drowning of one worker. Carnival now claims that the mooring... Tue, 18 Jun 2013 14:48:00 -0400 http://www.maritime-executive.com/article/Australias-NSW-Govt-Plans-Sale-of-Newcastle-Coal-Port-2013-06-18 http://www.maritime-executive.com/article/Australias-NSW-Govt-Plans-Sale-of-Newcastle-Coal-Port-2013-06-18 Australia's most populous state, New South Wales, said it plans to sell Newcastle port, the world's biggest coal export terminal, meaning another chunk of the country's vast resources industry could be sold to foreign buyers. The state's budget for 2013-2014 delivered on... Tue, 18 Jun 2013 13:31:00 -0400 http://www.maritime-executive.com/article/French-Mariner-Freed-After-Pirate-Attack-Nigeria-Says-2013-06-18 http://www.maritime-executive.com/article/French-Mariner-Freed-After-Pirate-Attack-Nigeria-Says-2013-06-18 A French sailor was freed on Tuesday after being captured by pirates last week from his ship off the coast of Togo and taken to Nigeria, a military commander said. Pirates attacked the oil products tanker Adour on June 13, around 30 nautical miles off the coast of Togo. General Bata Dembiro, a... Tue, 18 Jun 2013 13:29:00 -0400 http://www.maritime-executive.com/article/Time-to-Reconsider-Flawed-TWIC-Program-2013-06-18 http://www.maritime-executive.com/article/Time-to-Reconsider-Flawed-TWIC-Program-2013-06-18 Transportation Trades Department, AFL-CIO (TTD) President Edward Wytkind issues this statement regarding the Transportation Worker Identification Credential (TWIC) program, the subject of a hearing today by the House Subcommittee on Border and Maritime Security: “It is time for Congress and... Tue, 18 Jun 2013 13:21:00 -0400 http://www.maritime-executive.com/article/Container-Ship-Order-Book-Drops-to-20-of-Trading-Fleet-as-New-Deliveries-Surge-2013-06-18 http://www.maritime-executive.com/article/Container-Ship-Order-Book-Drops-to-20-of-Trading-Fleet-as-New-Deliveries-Surge-2013-06-18 Photo: Graph showing the orderbook to trading fleet ratio for the period 2004-2013. The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery... Tue, 18 Jun 2013 13:12:00 -0400 http://www.maritime-executive.com/article/Maritime-Agencies-Conduct-Regional-Maritime-Security-Excercise-2013-06-18 http://www.maritime-executive.com/article/Maritime-Agencies-Conduct-Regional-Maritime-Security-Excercise-2013-06-18 The commercial Port of Hueneme, along with representatives from over ninety local, state, federal, and private sector emergency response, management and high-tech organizations are launching the Coastal Trident 2013 regional exercise June 18 through June 20, 2013, in an effort to address the... Tue, 18 Jun 2013 13:08:00 -0400 http://www.maritime-executive.com/article/INTTRA-Announces-Solution-to-Reduce-Manual-Shipping-Transactions-2013-06-18 http://www.maritime-executive.com/article/INTTRA-Announces-Solution-to-Reduce-Manual-Shipping-Transactions-2013-06-18 INTTRA, the world’s largest multi-carrier network for ocean shipping, announced the release of a breakthrough application, INTTRA Change. Designed to reduce the tens of millions of manual transactions ocean carriers process annually, INTTRA’s unique technology solution for both... Tue, 18 Jun 2013 13:01:00 -0400 http://www.maritime-executive.com/article/Windea-Offshore-Group-Signs-LOI-for--Damen-Fast-Crew-Supplier-2610-2013-06-18 http://www.maritime-executive.com/article/Windea-Offshore-Group-Signs-LOI-for--Damen-Fast-Crew-Supplier-2610-2013-06-18 At the recent Windforce 2013 exhibition in Bremerhaven (Germany) Windea Offshore Group signed a Letter Of Intent (LOI) with Damen Shipyards Group for a new Fast Crew Supplier, a Twin Axe catamaran for the Offshore Wind industry. A typical feature of the FCS 2610 is the double Damen Sea Axe bow... Tue, 18 Jun 2013 12:58:00 -0400 http://www.maritime-executive.com/article/Vanishing-Point-for-US-Maritime-2013-06-18 http://www.maritime-executive.com/article/Vanishing-Point-for-US-Maritime-2013-06-18 Since taking office in 2008, the Obama Administration has cut funding to the Maritime Administration, raided the Food for Peace (P.L. 480) budget for $1 billion, provided no funding for Title XI shipbuilding construction and, more recently, campaigned vigorously on Capitol Hill and in the media to... Tue, 18 Jun 2013 12:19:00 -0400 http://www.maritime-executive.com/article/Nigeria-Drops-Charges-Against-Some-Russian-Arms-Suspects-2013-06-18 http://www.maritime-executive.com/article/Nigeria-Drops-Charges-Against-Some-Russian-Arms-Suspects-2013-06-18 Nigerian authorities dropped charges on Tuesday against eight Russian sailors suspected of trafficking arms, their lawyer said, but another seven will face trial. The 15 Russian sailors were charged with illegally bringing weapons into Nigeria last year, after Nigerian authorities intercepted a... Tue, 18 Jun 2013 11:43:00 -0400 http://www.maritime-executive.com/article/Drewrys-Container-Census-Reports-Slower-Growth-2013-06-18 http://www.maritime-executive.com/article/Drewrys-Container-Census-Reports-Slower-Growth-2013-06-18 Drewry Maritime Research's latest Container Census reports that the world’s container fleet grew by 5.3% during 2012, adding 1.6 million teu to reach 32.9 million teu. This increase was smaller than for either of the preceding two years, but less erratic than 2011 or 2010. Andrew... Tue, 18 Jun 2013 11:31:00 -0400 http://www.maritime-executive.com/article/District-Court-Tosses-Out-NLRBs-10K-Ruling-Against-ILWU-2013-06-18 http://www.maritime-executive.com/article/District-Court-Tosses-Out-NLRBs-10K-Ruling-Against-ILWU-2013-06-18 The United States District Court Judge Michael W. Mosman issued an order vacating the National Labor Relations Board’s August 13, 2012 decision in International Brotherhood of Electrical Workers, Local 48, 358 NLRB No. 102 (IBEW, Local 48) in which the NLRB intervened in a private... Tue, 18 Jun 2013 11:28:00 -0400 http://www.maritime-executive.com/article/201-Future-Leaders-of-America-Graduate-from-US-Merchant-Marine-Academy-2013-06-18 http://www.maritime-executive.com/article/201-Future-Leaders-of-America-Graduate-from-US-Merchant-Marine-Academy-2013-06-18 The U.S. Merchant Marine Academy (USMMA) graduated 201 new maritime leaders as part of its Class of 2013 commencement ceremony. The keynote speaker, General William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), gave the commencement address before a crowd of more than 2,000... Tue, 18 Jun 2013 11:10:00 -0400 http://www.maritime-executive.com/article/Offshore-Oil-Industry-Experiments-with-Remote-Control-2013-06-18 http://www.maritime-executive.com/article/Offshore-Oil-Industry-Experiments-with-Remote-Control-2013-06-18 * BP controlling wells at Valhall offshore field from land * Other oil companies considering following suit * Norway is testing ground for new method (Reuters) - Oil and gas companies are moving their control of some offshore platforms to offices on land to cut costs and improve... Tue, 18 Jun 2013 11:04:00 -0400 http://www.maritime-executive.com/article/Barge-Allides-with-Bridge-in-Illinois-2013-06-18 http://www.maritime-executive.com/article/Barge-Allides-with-Bridge-in-Illinois-2013-06-18 A barge crewman was injured following an allision with a bridge; there are no details on the severity of the injury. The barge attached to the Bobby Jones Tugboat hit Illinois’ Crescent Bridge around 10 p.m., Monday. Nothing is left from either the barge or the tug at the scene. Crews... Tue, 18 Jun 2013 10:39:00 -0400 http://www.maritime-executive.com/article/West-Africa-Piracy-Surge-Endangering-Commodities-Shipping-2013-06-18 http://www.maritime-executive.com/article/West-Africa-Piracy-Surge-Endangering-Commodities-Shipping-2013-06-18 * Kidnappings of seafarers in West Africa is rising * Insurance costs expected to escalate as risks mount (Reuters) - Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the... Tue, 18 Jun 2013 09:37:00 -0400 http://www.maritime-executive.com/article/Ship-Crew-Detained-Vessel-Grounds-on-Marine-Sanctuary-2013-06-18 http://www.maritime-executive.com/article/Ship-Crew-Detained-Vessel-Grounds-on-Marine-Sanctuary-2013-06-18 18 Vietnamese crewmen have been detained by the Philippine Coast Guard (PCG) after their ship ran aground in a marine sanctuary in the central Philippines. The Panama-registered M/V Unicorn Lodger was transporting cargo from Malaysia to Japan last week when it ran aground at the Sambawan Island... Tue, 18 Jun 2013 09:18:00 -0400 http://www.maritime-executive.com/article/Exercise-Dawn-Blitz-History-Made-with-Osprey-Landing-on-Japanese-Ship-2013-06-18 http://www.maritime-executive.com/article/Exercise-Dawn-Blitz-History-Made-with-Osprey-Landing-on-Japanese-Ship-2013-06-18 A U.S. Marine Corps MV-22 Osprey tilt-rotor aircraft landed on Japan Maritime Self-Defense Force (JMSDF) helicopter destroyer Hyuga (DDH 181) for the first time June 14. The landing aboard Hyuga was the culmination of extensive planning by Sailors and Marines from Commander, U.S. Third Fleet,... Tue, 18 Jun 2013 08:40:00 -0400 http://www.maritime-executive.com/article/BSEE-to-Host-Offshore-Energy-Hurricane-Preparedness-and-Response-Forum-2013-06-18 http://www.maritime-executive.com/article/BSEE-to-Host-Offshore-Energy-Hurricane-Preparedness-and-Response-Forum-2013-06-18 As part of its on-going efforts to improve the safety of offshore oil and gas operations, the Bureau of Safety and Environmental Enforcement (BSEE) will host a public forum on offshore energy infrastructure hurricane preparedness and response on Thursday, June 27, 2013. “In our continuing... Tue, 18 Jun 2013 08:32:00 -0400 http://www.maritime-executive.com/article/IMO-Symposium-on-the-Future-of-Ship-Safety-Urges-Comprehensive-Review-of-Existing-Safety-Regulations-2013-06-18 http://www.maritime-executive.com/article/IMO-Symposium-on-the-Future-of-Ship-Safety-Urges-Comprehensive-Review-of-Existing-Safety-Regulations-2013-06-18 The IMO Symposium on the Future of Ship Safety, held on 10 and 11 June, at IMO Headquarters in London, has recommended that the International Maritime Organization (IMO) carries out a full review of the existing regulatory regime, in order to meet future needs and expectations. Following two days... Tue, 18 Jun 2013 08:16:00 -0400 http://www.maritime-executive.com/article/Maersk-Plans-Alliance-with-Two-Biggest-Shipping-Rivals-2013-06-18 http://www.maritime-executive.com/article/Maersk-Plans-Alliance-with-Two-Biggest-Shipping-Rivals-2013-06-18 * Maersk Line agrees vessel-sharing alliance with rivals * Teams up with MSC Mediterranean Shipping Company, CMA CGM * Alliance likely to face tough regulatory scrutiny - analysts (Reuters) - The world's three biggest container shipping companies, including Maersk... Tue, 18 Jun 2013 08:00:00 -0400 http://www.maritime-executive.com/article/Austal-Joint-High-Speed-Vessel-JHSV-Program-Update-2013-06-17 http://www.maritime-executive.com/article/Austal-Joint-High-Speed-Vessel-JHSV-Program-Update-2013-06-17 In recent weeks Austal has achieved a number of significant milestones in the 10 ship Joint High Speed Vessel (JHSV) Program for which it is the Prime Contractor to the United States Navy.  Austal has: Officially delivered the second JHSV, USNS Choctaw County, to the United States Navy,... Mon, 17 Jun 2013 15:48:00 -0400 http://www.maritime-executive.com/article/Latest-Veslink-Release-Wows-Industry-2013-06-17 http://www.maritime-executive.com/article/Latest-Veslink-Release-Wows-Industry-2013-06-17 Veson Nautical, the premier developer of commercial maritime software, formally announced major Veslink enhancements to a crowd of over 150 maritime leaders at its annual ONCOURSE User Conference in Boston, MA. Powerful new tools make it easier than ever to collect and act on voyage reports and... Mon, 17 Jun 2013 15:38:00 -0400 http://www.maritime-executive.com/article/Harvey-Gulf-Expands-Offshore-Fleet-Using-Wartsila-Comprehensive-Integrated-Solution-2013-06-17 http://www.maritime-executive.com/article/Harvey-Gulf-Expands-Offshore-Fleet-Using-Wartsila-Comprehensive-Integrated-Solution-2013-06-17 Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract by Eastern Shipbuilding Group, Inc., of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine, LLC... Mon, 17 Jun 2013 15:32:00 -0400 http://www.maritime-executive.com/article/Container-Ship-Breaks-in-Half-and-Sinks-26-Rescued-2013-06-17 http://www.maritime-executive.com/article/Container-Ship-Breaks-in-Half-and-Sinks-26-Rescued-2013-06-17 Update: According to MRCC Mumbai, both the forward and aft portions of the MV MOL COMFORT are floating and a sister ship is monitoring the situation. 26 crewmen had to be rescued by the Indian Coast Guard after the containership they were on snapped in half and sank off Yemen. The hull of... Mon, 17 Jun 2013 15:23:00 -0400 http://www.maritime-executive.com/article/Polish-LNG-Terminal-to-Overcome-Delays-Meet-Deadlines-2013-06-17 http://www.maritime-executive.com/article/Polish-LNG-Terminal-to-Overcome-Delays-Meet-Deadlines-2013-06-17 * Foreign contractors play key role * 2014 construction deadline, 2015 to start receiving tankers * Plans to expand capacities for some 1 billion zlotys (Reuters) - Poland has sped up work on a terminal for liquefied natural gas (LNG) as it aims for a 2015 start date for receiving... Mon, 17 Jun 2013 13:54:00 -0400 http://www.maritime-executive.com/article/Dragging-Anchor-Sends-Oil-Tanker-Drifting-in-India-2013-06-17 http://www.maritime-executive.com/article/Dragging-Anchor-Sends-Oil-Tanker-Drifting-in-India-2013-06-17 An oil tanker is drifting in India after its anchor failed to hold. Authorities have been instructed to cooperate and tow the vessel to safety. Maritime agencies are concerned that the ship will run aground or allide with a bridge, so they are monitoring it closely. Local fisherman initially... Mon, 17 Jun 2013 10:43:00 -0400 http://www.maritime-executive.com/article/Supply-Vessel-Sinks-After-Striking-Rig-2013-06-17 http://www.maritime-executive.com/article/Supply-Vessel-Sinks-After-Striking-Rig-2013-06-17 On Friday (June 14), a vessel carrying 20 people collided with a rig near Southwest Pass. According to the U.S. Coast Guard, all 20 passengers – including 4 crewmembers – were safely transferred to a nearby ship before their vessel sank. The bow of the M/V Celeste Ann was seen pointing... Mon, 17 Jun 2013 09:51:00 -0400 http://www.maritime-executive.com/article/Three-Rescued-from-Sinking-Ship-2013-06-17 http://www.maritime-executive.com/article/Three-Rescued-from-Sinking-Ship-2013-06-17 Photo: Coastline of American Samoa. Two Americans and a Canadian (genders not known) have been rescued from a vessel that began taking on water this morning 150 nautical miles (280km) south south west of American Samoa. The initial report was received via Rescue Coordination Centre (RCC)... Mon, 17 Jun 2013 09:29:00 -0400 http://www.maritime-executive.com/article/Chevron-Confirms-First-Cargo-from-Angola-LNG-2013-06-17 http://www.maritime-executive.com/article/Chevron-Confirms-First-Cargo-from-Angola-LNG-2013-06-17 Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project.  Angola LNG is one of the largest energy projects on the African continent. "First gas at Angola LNG is an... Mon, 17 Jun 2013 09:15:00 -0400 http://www.maritime-executive.com/article/Active-Cleanup-from-Deepwater-Horizon-Tragedy-Ends-in-Florida-Alabama-and-Mississippi-2013-06-17 http://www.maritime-executive.com/article/Active-Cleanup-from-Deepwater-Horizon-Tragedy-Ends-in-Florida-Alabama-and-Mississippi-2013-06-17 Following the extensive three-year cleanup effort, the U.S. Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida and announced that the three states are expected to complete the transition back to the National Response Center (NRC) reporting system by mid June 2013.... Mon, 17 Jun 2013 09:12:00 -0400 http://www.maritime-executive.com/article/Response-to-Leaking-Containers-Aboard-BBC-Arizona-Concludes-Demobilization-Begins-2013-06-17 http://www.maritime-executive.com/article/Response-to-Leaking-Containers-Aboard-BBC-Arizona-Concludes-Demobilization-Begins-2013-06-17 Photo: The cargo ship BBC Arizona is pictured moored in Valdez, Alaska, June 13, 2013. A unified command composed of the Coast Guard, Alaska Department of Environmental Conservation, City of Valdez and Gallagher Marine Systems, LLC, coordinated the clean-up of oil on the BBC... Mon, 17 Jun 2013 08:52:00 -0400 http://www.maritime-executive.com/article/Update-Kirby-Barge-Explosion-Investigation-Still-Underway-2013-06-17 http://www.maritime-executive.com/article/Update-Kirby-Barge-Explosion-Investigation-Still-Underway-2013-06-17 The U.S. Coast Guard launched an investigation into the cause of the April 24, 2013 explosions and fire on board two Kirby tank barges while moored at the Oil Recovery Company Marine Terminal in Mobile.  While the investigation is still ongoing, Coast Guard Sector... Mon, 17 Jun 2013 08:44:00 -0400 http://www.maritime-executive.com/article/WHOI-Welcomes-Explorer-and-Director-James-Cameron-and-the-DEEPSEA-CHALLENGER-2013-06-17 http://www.maritime-executive.com/article/WHOI-Welcomes-Explorer-and-Director-James-Cameron-and-the-DEEPSEA-CHALLENGER-2013-06-17 Photo: Woods Hole Oceanographic Institution president and director Susan Avery receives the DEEPSEA CHALLENGER submersible and a "Remove Before Flight" pin from filmmaker James Cameron. (Photos by Ken Kostel, Woods Hole Oceanographic Institution) On Friday, June 14, filmmaker... Mon, 17 Jun 2013 08:20:00 -0400 http://www.maritime-executive.com/article/BTG-Pactual-Snaps-Up-Petrobras-Africa-Stake-For-153B-2013-06-17 http://www.maritime-executive.com/article/BTG-Pactual-Snaps-Up-Petrobras-Africa-Stake-For-153B-2013-06-17 * BTG drive to bolster troubled resource companies * Petrobras sought $5 bln for Nigeria assets alone -Reuters * Pactual lends hand to Petrobras after backstopping EBX Brazil's Banco BTG Pactual SA agreed to buy 50 percent of the African operations... Mon, 17 Jun 2013 08:12:00 -0400 http://www.maritime-executive.com/article/Brazil-Court-Freezes-Petrobras-Tax-Order-Eases-FuelSupply-Fear-2013-06-17 http://www.maritime-executive.com/article/Brazil-Court-Freezes-Petrobras-Tax-Order-Eases-FuelSupply-Fear-2013-06-17 A Brazilian appeals court reversed itself on Friday and suspended an order requiring state-led oil company Petroleo Brasileiro SA, or Petrobras, to pay 7.39 billion reais ($3.4 billion) in back taxes, a court statement said. Without the suspension, Petrobras would have to pay the debt before... Mon, 17 Jun 2013 08:08:00 -0400 http://www.maritime-executive.com/article/Shipping-Titan-Paul-Soros-Dies-at-87-2013-06-17 http://www.maritime-executive.com/article/Shipping-Titan-Paul-Soros-Dies-at-87-2013-06-17 Paul Soros, a shipping magnate, philanthropist and older brother of billionaire investor George Soros, died on Saturday at age 87, his son said. Paul Soros passed away at his New York City home, his son, Jeffrey Soros, said. The New York Times said Soros had been treated for... Mon, 17 Jun 2013 08:03:00 -0400 http://www.maritime-executive.com/article/Libyan-Crude-Oil-Output-Partly-Recovers-After-Protests-2013-06-17 http://www.maritime-executive.com/article/Libyan-Crude-Oil-Output-Partly-Recovers-After-Protests-2013-06-17 Libya's oil output has climbed to 1.3 million barrels per day from less than 1 million bpd last week as operations normalise following several disruptions due to protests at fields and ports, a senior Libyan industry source said. "Production was 1.3 million bpd yesterday," the source... Mon, 17 Jun 2013 07:53:00 -0400 http://www.maritime-executive.com/article/Annals-of-Law-Liquidated-Damages-and-NonCompete-Agreements-2013-06-14 http://www.maritime-executive.com/article/Annals-of-Law-Liquidated-Damages-and-NonCompete-Agreements-2013-06-14 By Devin C. Dolive In many disputes over non-competition agreements, the litigation focuses on obtaining a temporary restraining order and/or preliminary injunction to stop the competition before the real damage is done. However, in cases where preliminary injunctive relief cannot be obtained... Fri, 14 Jun 2013 15:38:00 -0400 http://www.maritime-executive.com/article/White-Case-Releases-New-Report-on-Marine-Industry-2013-06-14 http://www.maritime-executive.com/article/White-Case-Releases-New-Report-on-Marine-Industry-2013-06-14 Global law firm White & Case LLP has announced the availability of a new report, “Restructuring & Beyond: The marine industry’s routes to safety.” The report focuses on survival strategies for those affected by the industry’s downturn as well as emerging... Fri, 14 Jun 2013 14:34:00 -0400 http://www.maritime-executive.com/article/Statoil-Reports-on-Macro-and-Market-Outlook-Towards-2040-2013-06-14 http://www.maritime-executive.com/article/Statoil-Reports-on-Macro-and-Market-Outlook-Towards-2040-2013-06-14 Statoil launches its "Energy Perspectives" report describing the long-term macroeconomic and market outlook based on studies conducted by Statoil's in-house analysis team. Energy Perspectives 2013 Economic development continues to drive energy demand Increase in demand expected for... Fri, 14 Jun 2013 14:21:00 -0400 http://www.maritime-executive.com/article/Eastern-Shipbuilding-Group-and-Florida-Marine-Transporters-Sign-Contract-for-4-Additional-Inland-Towboats-2013-06-14 http://www.maritime-executive.com/article/Eastern-Shipbuilding-Group-and-Florida-Marine-Transporters-Sign-Contract-for-4-Additional-Inland-Towboats-2013-06-14 Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised an additional four (4) 90’x32’x10’ “Canal Class” Inland Towboats.  On January 23, 2013, Florida Marine Transporters, Inc. signed the 56th... Fri, 14 Jun 2013 14:15:00 -0400 http://www.maritime-executive.com/article/FSL-Trust-Demands-Redelivery-of-2-Crude-Oil-Tankers-Following-Default-by-Geden-Subsidiaries-2013-06-14 http://www.maritime-executive.com/article/FSL-Trust-Demands-Redelivery-of-2-Crude-Oil-Tankers-Following-Default-by-Geden-Subsidiaries-2013-06-14 FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of  First Ship Lease Trust (“FSL Trust”), wishes to announce that the lessees (the “Lessees”) of its  two crude oil tankers, namely, Aqua and Action, have defaulted on their lease... Fri, 14 Jun 2013 11:49:00 -0400 http://www.maritime-executive.com/article/Two-Dead-in-Dutch-North-Sea-Gas-Platform-Accident-2013-06-14 http://www.maritime-executive.com/article/Two-Dead-in-Dutch-North-Sea-Gas-Platform-Accident-2013-06-14 * Two workers killed in accident on Dutch gas platform * Platform already out of production (Reuters) - Two people died and one was injured in an accident on a North Sea gas platform belonging to French oil and gas utility GDF Suez, the company said on Friday. At the time of the incident, the... Fri, 14 Jun 2013 11:16:00 -0400 http://www.maritime-executive.com/article/First-Container-Port-Health-and-Safety-Study-Released-2013-06-14 http://www.maritime-executive.com/article/First-Container-Port-Health-and-Safety-Study-Released-2013-06-14 The first ever major international study of health and safety in global network terminals is being published. Conducted by Cardiff University and commissioned by the ITF (International Transport Workers’ Federation), it has been conducted in cooperation with three of the world’s biggest... Fri, 14 Jun 2013 10:57:00 -0400 http://www.maritime-executive.com/article/Shipping-Confidence-Reaches-Highest-Level-for-Two-and-a-Half-Years-2013-06-14 http://www.maritime-executive.com/article/Shipping-Confidence-Reaches-Highest-Level-for-Two-and-a-Half-Years-2013-06-14 Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The survey produced evidence of increased... Fri, 14 Jun 2013 10:45:00 -0400 http://www.maritime-executive.com/article/Maersk-Unveils-Worlds-Biggest-Ship-in-Weak-Freight-Market-2013-06-14 http://www.maritime-executive.com/article/Maersk-Unveils-Worlds-Biggest-Ship-in-Weak-Freight-Market-2013-06-14 * Naming ceremony held at shipyard in South Korea * First of 20 super-size ships being delivered * CEO hopes cost savings will help return it to profit * Container freight rates hit by overcapacity, competition (Reuters) - Denmark's Maersk Line unveiled the world's... Fri, 14 Jun 2013 10:25:00 -0400 http://www.maritime-executive.com/article/Passenger-Ferry-Sinks-in-Philippines-At-Least-2-Dead-2013-06-14 http://www.maritime-executive.com/article/Passenger-Ferry-Sinks-in-Philippines-At-Least-2-Dead-2013-06-14 Photo: Map of Bicol Region, Philippines showing Masbate. Two ferry passengers are dead, and others are still missing, after the Masbate-bound vessel sank early Friday. The latest reports state that 52 of the ferry’s 57 crewmembers and passengers listed on the ship’s manifest had been... Fri, 14 Jun 2013 09:56:00 -0400 http://www.maritime-executive.com/article/Cargo-Ship-Aground-Off-Tobermory-2013-06-14 http://www.maritime-executive.com/article/Cargo-Ship-Aground-Off-Tobermory-2013-06-14 A cargo ship has run aground approximately 2.5 miles south of Tobermory, Sound of Mull. Stornoway Coastguard received a 999 call just after 6am this morning reporting that a 90-metre long vessel carrying wood had run aground on rocks.  The seven crew on board are said to be safe and well,... Fri, 14 Jun 2013 08:32:00 -0400 http://www.maritime-executive.com/article/Nicaraguan-Assembly-OKs-40B-Chinese-Canal-to-Rival-Panamas-2013-06-14 http://www.maritime-executive.com/article/Nicaraguan-Assembly-OKs-40B-Chinese-Canal-to-Rival-Panamas-2013-06-14 Photo: Artist's conception of the proposed canal, c. 1899. * Canal could boost GDP by 15 percent - Nicaragua * But details on proposal remain patchy * Plans for channel date back to 19th century (Reuters) - Nicaraguan lawmakers granted a 50-year concession to a Chinese company on... Fri, 14 Jun 2013 08:18:00 -0400 http://www.maritime-executive.com/article/Fleet-Operators-Chooses-Boatracs-for-Vessel-Communications-Solution-2013-06-13 http://www.maritime-executive.com/article/Fleet-Operators-Chooses-Boatracs-for-Vessel-Communications-Solution-2013-06-13 Boatracs, Inc. a business of the Orolia Group (NYSE Alternext Paris – FR0010501015 – ALORO) and a leader in providing integrated satellite communications and software solutions to the maritime industry, announced that it has completed a fleet-wide implementation for Fleet Operators,... Thu, 13 Jun 2013 16:32:00 -0400 http://www.maritime-executive.com/article/Tony-Munoz-PL480-Food-For-Peace-Fr-SInclair-Oubre-on-Radio-Maria-2013-06-13 http://www.maritime-executive.com/article/Tony-Munoz-PL480-Food-For-Peace-Fr-SInclair-Oubre-on-Radio-Maria-2013-06-13 UPDATE:  Listen to the recorded interview: Tony Munoz - Food For Peace (30 minutes) Tony Munoz, Publisher of Maritime Executive, will be discussing PL-480 Food for Peace program on Radio Maria with Fr. Sinclair Oubre of Apostleship of the Sea of the United States of America.... Thu, 13 Jun 2013 14:59:00 -0400 http://www.maritime-executive.com/article/Maersk-Container-Industry-Teams-up-with-UN-to-Combat-Global-Food-Waste-2013-06-13 http://www.maritime-executive.com/article/Maersk-Container-Industry-Teams-up-with-UN-to-Combat-Global-Food-Waste-2013-06-13 Maersk Container Industry has joined the United Nations' SAVE FOOD Initiative to help make international food logistics more efficient. "Food should not be wasted, but too often it is, and we believe our technologies can help improve the food logistics chain," says Peter K. Nymand,... Thu, 13 Jun 2013 14:24:00 -0400 http://www.maritime-executive.com/article/Shipboard-Fire-on-USS-Nimitz-2013-06-13 http://www.maritime-executive.com/article/Shipboard-Fire-on-USS-Nimitz-2013-06-13 A fire occurred aboard the aircraft carrier USS Nimitz (CVN 68) in the ship's electrical equipment while the ship was underway in the Indian Ocean within U.S. 7th Fleet's operating area June 7.  No Sailors were injured during the event or the response, and the ship and embarked air... Thu, 13 Jun 2013 14:13:00 -0400 http://www.maritime-executive.com/article/Egyptian-Anger-Grows-Over-Suez-Canal-Development-Plan-2013-06-13 http://www.maritime-executive.com/article/Egyptian-Anger-Grows-Over-Suez-Canal-Development-Plan-2013-06-13 * Suez canal vital revenue earner for Cairo * Industry concerns growing over shipping disruptions in Suez (Reuters) - A plan by Egypt's Islamist-led government to develop the land along the Suez Canal faces fierce opposition in districts that have been flashpoints for... Thu, 13 Jun 2013 13:38:00 -0400 http://www.maritime-executive.com/article/The-Duchess-of-Cambridge-Names-Royal-Princess-2013-06-13 http://www.maritime-executive.com/article/The-Duchess-of-Cambridge-Names-Royal-Princess-2013-06-13 In a spectacular ceremony today in Southampton, Her Royal Highness The Duchess of Cambridge named the new ship Royal Princess when she released a bottle of champagne that smashed against its hull. Standing on the naming platform with the ship’s Captain Tony Draper, The Duchess pronounced,... Thu, 13 Jun 2013 12:00:00 -0400 http://www.maritime-executive.com/article/Kawasaki-Heavy-Ends-Mitsui-Merger-Talks-Axes-President-2013-06-13 http://www.maritime-executive.com/article/Kawasaki-Heavy-Ends-Mitsui-Merger-Talks-Axes-President-2013-06-13 Kawasaki Heavy Industries Ltd said on Thursday it had ended merger talks with shipbuilding rival Mitsui Engineering & Shipbuilding Co Ltd and demoted its president, Satoshi Hasegawa [pictured above], who supported the discussions. In a rare public dismissal in a country where boardroom tussles... Thu, 13 Jun 2013 11:44:00 -0400 http://www.maritime-executive.com/article/Port-of-Los-Angeles-Adopts-Fiscal-Year-201314-Budget-2013-06-13 http://www.maritime-executive.com/article/Port-of-Los-Angeles-Adopts-Fiscal-Year-201314-Budget-2013-06-13 The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles, including one of the largest annual Capital Improvement Programs -- $399.9 million or 37% of the total budget -- in Port history. The budget supports more... Thu, 13 Jun 2013 11:35:00 -0400 http://www.maritime-executive.com/article/Statoil-and-Stadtwerke-Dsseldorf-Conclude-Innovative-GastoPower-Contract-2013-06-13 http://www.maritime-executive.com/article/Statoil-and-Stadtwerke-Dsseldorf-Conclude-Innovative-GastoPower-Contract-2013-06-13 Statoil and Stadtwerke Düsseldorf have signed a 15-year arrangement for the supply of natural gas to Stadtwerke Düsseldorf's upcoming 600-MW gas power plant (CCGT) in Lausward/Düsseldorf, Germany. The power plant will become one of the most efficient plants worldwide due to... Thu, 13 Jun 2013 11:31:00 -0400 http://www.maritime-executive.com/article/Wartsila-Signs-EUR-150-Million-Loan-Agreement-with-European-Investment-Bank-for-RD-2013-06-13 http://www.maritime-executive.com/article/Wartsila-Signs-EUR-150-Million-Loan-Agreement-with-European-Investment-Bank-for-RD-2013-06-13 The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company's research, development and innovation (RDI) activities in several European countries. The contract for the 10-year loan was signed in Helsinki, Finland on 13 June 2013. This... Thu, 13 Jun 2013 11:24:00 -0400