Tuesday, January 3, 2012

MarEx Newsletter | Will LNG Beat Oil in 2012?, WWII Warship Home Port Deal Renewed

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Will LNG Beat Oil in 2012?

According to the world’s biggest shipping hedge fund, tankers carrying liquefied natural gas are projected to earn record rates in 2012 as it surpasses returns from oil and coal shipping vessels and demand for gas climbs to an all-time high.

Andreas Vergottis, the Hong Kong-based research director at Tufton Oceanic (OCEHEDU) Ltd. told Bloomberg that LNG tankers earned around $140,000 a day at the end of 2011, and in 2012 will rise to as much as $200,000 a day for...
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Corporate News Press Releases
New Evansville Mayor Negotiating to Renew WWII Warship Home Port Deal

Evansville, Indiana’s new mayor, Lloyd Winnecke, is in negotiations with a nonprofit group in hopes to renew the contract that will keep the city as the World War II troop landing warship’s home port. The nonprofit group is the same one responsible for the LST 325. The vessel is currently moored in Ohio River...
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Feeling the Heat from New Sanctions, Iran Threatens U.S. Navy

Feeling the toll on its economy from sanctions imposed by the U.S. and EU, Iran released a threat to take action against the U.S. Navy if an aircraft carrier is moved into the Gulf.

After sanctions targeting the nation’s oil sector were imposed, Iran’s currency has fallen 40 percent against the dollar in the past...
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Vale’s Giant Completes Maiden Voyage, Sails for Singapore

After its momentous maiden voyage to the Chinese port of Dalian, the giant Vale dry bulk ship, Berge Everest, has unloaded all or nearly all of its hefty iron ore cargo and now is en route to Singapore, according to a signal from the vessel.

The Berge Everest, operated for mining heavy hitter Vale SA, arrived at Dalian with a...
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Transfer of Tanker's Oil Cargo Further Delayed Due to Weather

High winds and inclement weather have further delayed the transfer of 54,000 tonnes of oil from a damaged oil tanker in Belfast Lough. The transfer was initially schedule for Saturday, December 31st.

The Genmar Companion has been anchored off the Copeland Islands after developing a crack in the upper deck in...
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Positional Changes at IMO Secretariat

After taking office on January 1, 2012, the IMO Secretary-General Mr. Koji Sekimizu (pictured) today announced a number of changes in the structure of the IMO Secretariat.

Mr. Sekimizu said: “The biggest challenge I see in the coming years, in terms of...
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Baker Hughes New CEO Martin Craighead Assumes Role

PRNewswire -- Martin Craighead has assumed the role of Baker Hughes' President and Chief Executive Officer. Craighead will build upon the successful seven-year tenure of Chad Deaton, who will remain Chairman of the Board of Directors.

"During Chad's tenure, Baker Hughes has undergone a significant...
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BOEM and BSEE Update Guidance for Offshore Archaeological Protection

The Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) today issued guidance to oil and gas companies operating in the Gulf of Mexico Outer Continental Shelf (OCS) extending existing guidance on how to...
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Eastern Shipbuilding Closes 2011 with Another Towboat Delivery for Settoon Towing

Eastern Shipbuilding Group, Inc. is pleased to announce another on-time delivery for the third 2,600 HP Canal Class Inland Towboat, the JAMES J. PERERA, for Settoon Towing, LLC., of Pierre Part, LA. This...
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Alewijnse Sends Raytheon Anschütz Bridge System to Bodewes Shipyards

Alewijnse Marine Systems has fulfilled the order for the delivery of a complete Raytheon Anschütz bridge system to Bodewes Shipyards hull number 762. The order was given to Alewijnse after Bodewes Shipyards B.V. together with vessel owner Nescos Shipping B.V. undertook a...
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HMS Global Maritime Extends Westpac Express Contract and Expands High-Speed Craft Military Service

HMS Global Maritime (HMSGM) is excited to announce the extension of the HSV WestPac Express’ charter with the United States Navy’s Military Sealift Command (MSC) and the Third Marine Expeditionary Force, beginning in February 2012. The contract can last up tohsv an additional...
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Knud E. Hansen & ABB Develop Very Fuel Efficient 2000 TEU Container Vessel

BANGKOK-MAX - Sets new standards!

Knud E. Hansen A/S and joint venture partner ABB have developed a highly fuel efficient 2000 TEU Container Feeder Vessel. The vessel’s main dimensions have been optimised for calling in Bangkok, but the design features will deliver great benefits to operators and the...
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