http://sname.marinelink.com/Naval Architects and Marine Engineer News2008 New Wave Media Int'l Corporationhttp://sname.marinelink.com/snamestory.aspx?stid=211774Evergreen Group Chairman Dr. Chang Yung-Fa was presented the honor of Commandeur de l'Ordre de la<br />Couronne (Commander of Order of the Crown) by the Belgian Minister of<br />Foreign Affairs, Karel De Gucht. The presentation was made on behalf of His<br />Majesty King Albert II and took place at...Wed, 14 May 2008 14:35:31 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211774http://sname.marinelink.com/snamestory.aspx?stid=211773 <br /> <br />Recently, the Marine Environmental Protection Committee (MEPC) of the International Maritime Organization (IMO) took a major step toward bringing order out of the current chaos surrounding the regulation of air emissions from ships by provisionally adopting amendments to MARPOL Annex VI....Wed, 14 May 2008 14:33:04 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211773http://sname.marinelink.com/snamestory.aspx?stid=211772High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison to the $240b spent in the previous five years. The latest edition of the ‘World Offshore Drilling Spend Forecast 2008-2012’...Wed, 14 May 2008 14:30:12 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211772http://sname.marinelink.com/snamestory.aspx?stid=211771Dockwise Ltd. announced that three new contracts have been awarded to their subsidiaries Dockwise Shipping and ODL for the transportation of a semi submersible drilling rig, for the transportation of the hull of a production platform and for a FEED study of a jacket design respectively. <br />Dockwise Shipping will transport the Noble Jim Day,...Wed, 14 May 2008 14:28:29 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211771http://sname.marinelink.com/snamestory.aspx?stid=211770Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel drydocking costs from the deferral method, under which the company deferred and amortized its drydocking costs over the estimated period of benefit between drydockings,...Wed, 14 May 2008 13:21:21 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211770http://sname.marinelink.com/snamestory.aspx?stid=211769By Navy News Service<br />1801 - Tripoli declares war against the United States.<br />1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major<br />scientific expedition overseas. <br />1845 - First U.S. warship visits Vietnam. <br />1975 - Marines recapture Mayaguez,...Wed, 14 May 2008 13:17:43 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211769http://sname.marinelink.com/snamestory.aspx?stid=211768The American Salvage Association (ASA) and the Offshore Marine Service Association (OMSA) have agreed to establish a reciprocal Affiliate Membership relationship.<br />The Offshore Marine Service Association represents more than 250 member companies, including about 100 firms that own and operate marine service vessels....Wed, 14 May 2008 13:15:56 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211768http://sname.marinelink.com/snamestory.aspx?stid=211767By Ensign Timothy Boston, USS Carr Public Affairs <br />Sailors from USS Carr (FFG 52) completed theater security cooperation events and training to improve interoperability with the Barbados Coast Guard during a four day visit to Barbados, May 4-7.<br /><br />The Barbados Coast Guard has recently...Wed, 14 May 2008 13:07:43 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211767http://sname.marinelink.com/snamestory.aspx?stid=211766The US Coast Guard proposes to require each crewmember on a foreign commercial vessel en route to a US port or place or at a US port or place and each crewmember on a US commercial vessel arriving from a foreign port or place to carry and present on demand an acceptable identification when in US navigable waters....Wed, 14 May 2008 13:00:08 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211766http://sname.marinelink.com/snamestory.aspx?stid=211765Varun Shipping reportedly will invest $300m to buy at least four new vessels in the offshore segment this year, according to a Reuters report. Varun is positioning itself to expand its presence in the offshore segment, the news organization said, quoting a leading Varun executive. Freight rates in the...Wed, 14 May 2008 12:08:39 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211765http://sname.marinelink.com/snamestory.aspx?stid=211764Engineering and construction services provider McDermott International Inc. said first-quarter profit fell 22 percent due to weather-related downtime in its offshore oil and gas construction segment and fewer project close-outs, change orders and settlements. Net income slipped to $123.2m, or 54 cents per share, from $158....Wed, 14 May 2008 12:04:42 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211764http://sname.marinelink.com/snamestory.aspx?stid=211763BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $5,818,376 modification to previously awarded contract (N00024-05-C-4403) for exercising an option for Program Management Organization (PMO) support for the USS Wasp (LHD-1) FY08 drydocking phased-maintenance availability. The PMO...Wed, 14 May 2008 11:45:44 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211763http://sname.marinelink.com/snamestory.aspx?stid=211762Neptune Orient Lines (NOL) reported a net profit for the first quarter of 2008 (1Q08) of $121 million, a rise of 183% over the same period of 2007 (1Q07). 1Q08 EBIT was $137 million, up 114% on the prior year. Revenue rose year-on-year by 27% to $2.41 billion. <br />“Our increased revenue clearly...Wed, 14 May 2008 11:21:50 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211762http://sname.marinelink.com/snamestory.aspx?stid=211761Euronav NV <br /><br />announced that the company sold two double-hull Aframaxes, the Fantasy (2002–106,560 dwt) and the Fidelity (2002–106,548 dwt), for an aggregate selling price of $137 million. The capital gain of this sale transaction of about $44.5 million will be recorded in...Tue, 13 May 2008 17:32:46 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211761http://sname.marinelink.com/snamestory.aspx?stid=211759The sea floor off the coast of Eureka, California, is home to a diverse assemblage of microbes that scavenge methane from cold deep-sea vents. Researchers at the California Institute of Technology have developed a technique to directly capture these cells, lending insight into the diverse symbiotic...Tue, 13 May 2008 14:42:52 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211759http://sname.marinelink.com/snamestory.aspx?stid=211758The cruise ship Braemar entered the Elbe 17 Dock at Blohm + Voss Repair on May 13 for lengthening and other conversion work. The ship, which belongs to the Fred. Olsen Cruise Lines will be lengthened by 31.20 metres amidships at the Hamburg shipyard, which is part of ThyssenKrupp Marine Systems.<br />Braemar is the second cruise ship from Fred....Tue, 13 May 2008 14:28:57 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211758http://sname.marinelink.com/snamestory.aspx?stid=211757The Natchan Rera, the first of Incat’s 112 metre Wave Piercing Catamarans, has been recognized at Europe’s annual ferry industry event, the Shippax Ferry Shipping Onboard Conference, attended by some 300 ferry shipping executives.<br />Japan’s Higashi Nihon Ferry won the coveted ShipPax Hispeed Concept Award,...Tue, 13 May 2008 14:16:39 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211757http://sname.marinelink.com/snamestory.aspx?stid=211756The UK’s Marine Accident Investigation Branch (MAIB) report into the MSC Napoli incident has shown that mis-declaration of the weight and contents of containers was a contributory factor to the accident.<br />The detailed investigation also gave an insight into the accuracy of cargo declaration, particularly of dangerous goods....Tue, 13 May 2008 14:04:56 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211756http://sname.marinelink.com/snamestory.aspx?stid=211755The Dow Chemical Company has awarded Aker Solutions a contract to provide engineering services for Dow supplied technologies. Aker Solutions' engineering services are expected to be completed by the third quarter of 2008.<br />The scope of the project includes basic engineering and design services, led by Aker Solutions in Houston, Texas, USA....Tue, 13 May 2008 14:03:14 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211755http://sname.marinelink.com/snamestory.aspx?stid=211754TBS International Limited announced that it and certain of its shareholders have commenced a follow-on offering of a combined 3,400,000 Class A Common Shares. Jefferies & Company, Inc. and Banc of America Securities LLC are acting as joint book-running managers for the offering. The company is offering 2,...Tue, 13 May 2008 13:55:20 GMThttp://sname.marinelink.com/snamestory.aspx?stid=211754