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Wednesday, December 12, 2018

Rates riding a new record low on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on October 5, 2013

Rates on the Asia-Europe trade have fallen to an abysmal level. We are hearing of forwarders securing freight rates of as low as US$900 per container, which is well below any kind of sustainable level as far as shipping lines are concerned.

Change at the helm comes at a crucial time for Maersk

Posted to Far East Maritime (by Greg Knowler) on December 20, 2011

Kolding was architect of the line’s aggressive plans to expand market share and service quality. Yet he hands over the reins of the world’s biggest carrier at the most troubled time in the container shipping industry’s history. Freight rates…

The Train Wreck at DOT

Posted to Global Maritime Analysis with Joseph Keefe (by Joseph Keefe) on October 19, 2011

It has been an interesting autumn at the U.S. Maritime Administration and for its Department of Transportation parent, as well. Little in the way of good news is to be had for anyone; much less the U.S. domestic waterfront itself. The abrupt…

Hope & Change: a level playing field in the New Year…

Posted to Global Maritime Analysis with Joseph Keefe (by Joseph Keefe) on December 29, 2010

With just one weekly MarPro column left to craft before the candle flickers and dies on 2010, I’m tempted to do the ‘year in review’ thing or perhaps deliver an inspirational message to the troops. Instead, I find myself fixated upon a reader response to my December 15 edition…

Nikumaroro

Posted to Maritime Musings (by Dennis Bryant) on December 21, 2010

Nikumaroro (previously known as Gardner Island) is a small coral atoll in the central Pacific Ocean situated just south of the Equator and just west of the 180th meridian. It lies in the Phoenix Island Chain and is part of the Republic of Kiribati.

OGX Strikes Oil again at the Campos Basin and Discloses a Major Gas Discovery at the Onshore Parnaiba Basin.

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on August 17, 2010

OGX Petróleo e Gás announced that, through its subsidiary OGX Maranhão, has identified presence of gas in the Devonian section of well 1-OGX-16-MA, in the block PN-T-68, in the onshore basin of Parnaiba. OGX Maranhão, an entity formed by OGX S.A. (66.6%) and MPX Energia S.A.

Pre-salt - Technological Challenges

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on May 21, 2010

Drilling at a depth of two thousand meters is not a problem. Petrobras already has several wells at this depth, in Brazil and in the Gulf of Mexico, and produces at 1,886 meters in the Campos Basin, a mark that was once the world record (Shell currently holds the record…

That Sinking Feeling

Posted to Global Maritime Analysis with Joseph Keefe (by Joseph Keefe) on May 19, 2010

It is supposed to be a happy time at the nation’s six state maritime academies. Starched dress whites, highly polished shoes and high-pressure hats will be the uniform-of-the-day at graduation ceremonies stretching from Buzzard’s Bay to the Bronx…

Magic Pipe Murkiness Surfaces Again

Posted to Martin Rushmere (by Martin Rushmere) on May 6, 2010

Masters of foreign carriers have lost a couple of their worry lines following a "not guilty" verdict in Houston for the master of the Georgios M. He was nabbed under the "magic pipe" law, but the jury disbelieved the crewmembers who claimed to have seen the master use the pipe.

US Short Sea Shipping

Posted to US Short Sea Shipping (by Bruce L. Perri) on March 18, 2010

US highway traffic continues to increase particularly in the urban areas of the northeast, eastern central, gulf and the LA to Seattle corridor. In addition to greatly increased risks in everyday commuting, the impact on the environment continues to rise.

The OGX Exploratory Campaign Maintains Its High Success Rate

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on March 16, 2010

OGX Petróleo e Gás Participações S.A., the largest Brazilian private sector oil and gas company in terms of offshore exploratory acreage, announced today that it has completed the drilling of well 1-OGX-5-RJS, located in block BM-C-43, in the shallow waters of the southern part of the Campos Basin.

No frills container carrier lining up for launch

Posted to Far East Maritime (by Greg Knowler) on February 11, 2010

Neptune Orient Lines just reported a loss of US$741 million for 2009. China Shipping Container Lines is expected to soon announce a loss of US$1 billion. Other results will begin to trickle in but no carrier handling containers will have done well last year.

Piracy approach a failure, say Hong Kong shipowners

Posted to Far East Maritime (by Greg Knowler) on January 19, 2010

The Hong Kong Shipowners’ Association (HKSOA) has called for governments to throw out the current response to pirates menacing ships off the Horn of Africa, accusing the international community of tolerating piracy instead of eliminating attacks.

Marine protected areas

Posted to Maritime Musings (by Dennis Bryant) on January 8, 2010

Marine protected area (MPA) is a fluid term with a range of possible meanings. For the most part, it is an area of the marine environment where human activity is regulated for the purpose of conserving and managing natural and cultural marine resources.

Massive drugs haul off Spanish coast

Posted to On the waterfront (by Emma-Jane Batey) on December 24, 2009

The streets of London may have got just a little bit cleaner and safer thanks to a massive drugs haul off the coast of Northern Spain. Cocaine with a street value of £375million was seized from a large ship, a 150ft former coastguard vessel…

WHO SHOULD BE THE DESIGNATED DRIVER?

Posted to BoatbuildConsult.com (by Phil Friedman) on December 16, 2009

Just about every boatyard uses the expression, “On time and on budget.” But in reality, how many major build or refit projects meet those criteria? Very, very few, if any. There is a plethora of factors working to prevent a project from coming in on time and on budget.

Schlumberger Solutions Tailored for Deepwater Subsalt Well Intervention

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on December 10, 2009

The challenges facing the exploration and subsequent production phase in the deepwater subsalt fields are extensive. The cost involved in deepwater E&P can get to a point where it isn´t financially atractive in terms of profit margins. One of…

WHAT’S IT ALL ABOUT, WARREN?

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on December 5, 2009

It’s been an ironic couple of weeks for superyachts and frankly, I don’t quite know what to make of it all. First Warren Buffett bought BNSF www.bnsf.com , then Nordhavn www.nordhavn.com finally sold it’s first 120 foot long, er, “trawler” joining…

Marine Mammals Protect Washington State Naval Base

Posted to Subsea (by Chuck Bunton) on December 1, 2009

The U.S. Navy will install a swimmer interdiction security system at Naval Base Kitsap (NBK) Bangor, Washington, that will employ teams of security personnel and specially-trained marine mammals to protect waterside assets and sailors. This…

Naval Research Sea Glider Applications

Posted to Subsea (by Chuck Bunton) on November 26, 2009

A Sea Glider unmanned underwater vehicle with an underwater microphone began patrolling the coast of Hawaii in late October and will finish up its initial mission in mid-November. By then, it will have collected half a terabyte of data. By applying…
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