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Flex LNG Enjoys Best-Ever Financial Results
Bermuda-based LNG carrier owner Flex LNG announced its best-ever financial results with a net income of around USD 24 million for the fourth quarter of 2019.
This compares to USD 15.2 million reported for the same period in 2018 and a major rebound when compared quarter on quarter as net income for Q3 2019 stood at USD 0.5 million.
Witt O Brien s Acquires Crisis Communications Group Navigate
Witt O Brien s, LLC, a subsidiary of SEACOR Holdings, has acquired the maritime crisis and corporate communications agencies Navigate PR, Navigate Response, Navigate Response Asia Pte and Helix Media Pte, together known as Navigate.
Witt O Brien s specializes in crisis and emergency management for both governments and corporations worldwide, supporting more than 11,000 vessels trading in US waters.
Ocean Yield Wins Arbitration case against Okeanis
Oslo-listed Ocean Yield has won an arbitration case related to the purchase options of four very large crude carriers (VLCCs) exercised by Greek shipping company Okeanis ECO Tankers.
Namely, in October 2019, Okeanis served a notice to exercise options to repurchase four VLCCs that had been bought by Ocean Yield and chartered back to Okeanis on long-term charters.
Port of Newcastle: Infrastructure Australia applies a lens to East Coast container port deficiencies
Infrastructure Australia s announcement today prioritising the development of suitable East Coast deepwater container port facilities should come as music to the ears of internationally-trading businesses across the country, according to Port of Newcastle CEO Craig Carmody.
Ports of Los Angeles, Acu & Amsterdam compete for WPSP Safety and Security Award
Safety and security of ship and cargo operations are crucial within any port. With the advance of global terrorism, cross-border criminality and digitization, security problems have obtained new, challenging dimensions. To uphold their regulatory duties and responsibilities and enforce applicable laws and regulations, port are having to come up with innovative and technology-led solutions.
Updated Templates For Port Security Plans
The Department of Transport, Tourism and Sports advises that updated templates for Port Security Plans for 2019-2024 have been made available.
The Port Facility Security Plan template should be used for Article 2.4 Single Facility ports where an approved assessment confirms that the boundaries of the port and the facility are the same; and individual port facilities within multi-facility ports.
California Ports Collaborate For Efficiency
Two California ports will collaborate to identify and address operational issues to improve efficiency and lower costs for shippers while improving sustainability, business continuity and security.
The memorandum of understanding (MOU) signed by the ports of Los Angeles and Long Beach is an opportunity to explore five areas of cooperation that will enhance competitiveness: cargo transfer predictability, digital connectivity, cybersecurity, establishing metrics and workforce development.