News 2-10 – Page 258
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News
How Finance Has Helped to Change the Marine Market
Due to the ever increasing costs of raw materials, commercial vessel prices continue to rise well ahead of inflation and vessel acquisitions often require additional funding from banks and financial institutions.
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NewsShip Finance Forum Debates Boom or Bust
After several years of mainly rich pickings, the shipping industry’ s eternal boom and bust cycle provided the inevitable focus of attention at the 20th annual Lloyd’ s Shipping Economist ship finance and investment conference in London last month.
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NewsReducing Pollution Threat is Salvage Priority
Given the huge volumes of crude oil transported worldwide, the tanker industry has achieved a remarkable reduction in the number of significant oil spills, which has fallen to less than five per year. Nevertheless, industry, governments and the public at large remain aware that a major spill threat can arise ...
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NewsRIB Tubes To Go
Avon Inflatables, which has built over 200,000 high Hypalon inflatables and rigid inflatable boats (RIBs) since 1959, has tasked its specialist Military & Professional division with creating a separate tube build facility.
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NewsOceanology '08 Appears on the Horizon
Leading figures from the marine science and ocean technology community will focus on the key themes of climate change, meeting future energy needs and ensuring environmental and civil security when the Oceanology International conference and exhibition returns to London next year.
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NewsArnold Witte is New ISU President
Members of the International Salvage Union (ISU), attending their 53rd General Meeting in Cape Town on 30 - 31 October, have elected Arnold Witte, CEO of US salvor Donjon Marine, as president. He succeeds Hans van Rooij of SMIT.
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NewsTidal Surge Threatens Coast and Ports
Fears of coastal flooding in eastern England last week led to evacuations and port closures as the biggest tidal surge in more than 50 years threatened East Anglia, Great Yarmouth, Felixstowe, Lowestoft and other areas.
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NewsKelvin Hughes in £52m Buyout
Marine navigation equipment manufacturer Kelvin Hughes has been acquired by UK mid-market buyout specialist ECI Partners LLP (ECI) in a £ 52m transaction out of Smiths Group plc, the UK listed technology company. Kelvin Hughes is a leading supplier of navigation products and services for the naval and commercial marine ...
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NewsNew SOSREP is Appointed
The UK Maritime and Coastguard Agency has announced the appointment of the new Secretary of State' s Representative for Maritime Salvage & Intervention (SOSREP), after a competitive public recruitment process. Hugh Shaw will take up his post on 1st January 2008 and will replace Robin Middleton, who is retiring after ...
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News'Napoli' Stern Removal Gets Underway - By Jack Gaston
A wreck removal operation is now underway to remove the stern section of the ill fated container ship ' MSC Napoli' from Lyme Bay on the UK' s Devon coast. After much planning and discussion Smit Salvage has been contracted by the underwriters to dismantle the remaining portion of the ...
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NewsRotterdam Targets Box Record
Europe’ s biggest universal seaport, Rotterdam, has said it will this year become the world’ s first non-Asian port to handle more than 10m TEU containers and will have the capacity to cope with them.
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News
Jobs to Go in MCA Reshuffle
Coastguard services and emergency response capability will not be affected by the loss of up to 25% of staff at Maritime & Coastguard Agency (MCA) headquarters in Southampton UK. That was the Agency' s promise after new chief executive Peter Cardy told staff last month of plans to bring all ...
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NewsEmergency Teams in Thames Training Exercise
A simulated explosion in ship’ s engine room put crews from the Port of London Authority, emergency services and Royal National Lifeboat Institution to the test during an exercise on the River Thames last month.
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NewsPlanning Support for UK Marine Businesses
Marine South East, the regional marine initiative of the South East of England Development Agency (SEEDA), has recently expressed support for plans to include specific reference to waterfront sites in the development of a regional spatial strategy, the South East Plan.
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NewsEnd of Season Insurance Advice
With the season drawing to a close, the many commercial marine operators who are also leisure boat owners are likely to be planning where and when they are going to lay up their boats to carry out winter maintenance or simply remove from moorings. UK leisure boat insurers Navigators & ...
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NewsClimate Change and the Deep Blue Sea
The UK based Blue Climate and Oceans Project announced a new partnership last week with the Marine Conservation Society (MCS) to inspire and engage greater awareness of seas, shores and wildlife by linking sport with the environment.
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NewsSeatruck Expands Ferry Fleet
Irish Sea freight only specialists Seatruck Ferries have progressed their fleet expansion plans with the purchase of two ro-ro ferries from Elmira Shipping of Greece.
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NewsDouble Dutch Exhibition Season
The annual autumn exhibition and conference season hits its peak this month with two of the year' s biggest shows both lined up to take place in the Netherlands. For many of Maritime Journal' s readers, the best targeted show of the year (after Seawork) is Europort Maritime, which returns ...
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NewsRail Upgrade for Port of Southampton
The UK Port of Southampton will benefit from a major improvement to the port’ s rail freight capabilities, after the Department for Transport (DfT) confirmed that it would contribute almost £ 43m from the Transport Innovation Fund (TIF) to help implement the Solent Midlands Advancement of Rail Transport (SMART) project, ...
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NewsBig Box Milestone for Drogheda Port
Ireland' s Drogheda Port hit the 500,000 TEU container handling mark for the first time last month, with the milestone box carrying nuts and dried fruit from Holland.
