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INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.

John Rynd / President , CEO and Director, Tidewater Inc.

Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics. He previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016. Prior to his time with Hercules, Mr. Rynd spent 11 years with Noble Drilling Services, Inc.

US Coast Guard Publishes Final Ballast Water Management Reporting Requirement

© tempakul / Adobe Stock

A Final Rule eliminating the requirement for certain vessels that operate on voyages exclusively within a single Captain of the Port Zone to submit an Annual Ballast Water Summary Report for calendar year 2018 has been published.The Coast Guard views this current reporting requirement as unnecessary

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company specializing in the ownership of dry bulk vessels said in

ATCO Buys 40% Stake in South American Port

Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. Photo: ATCO Ltd.

Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities

Marine Low Sulphur Fuel: Organizing the Switch

John LaRese.jpg

The International Maritime Organization’s (IMO) decision to implement a 0.50 percent cap on sulphur emissions has created uncertainty among vessel operators. Questions are already being asked about how to comply with the changing emissions target, what types of fuels will be available and where. However,

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Photo: Novatek

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and

DP World Says to Pursue All Legal Means in Djibouti Dispute

DP World said on Tuesday it would continue to pursue all legal means in its dispute with the government of Djibouti which seized a port terminal operated by the company earlier this year.Djibouti this week nationalized shares held by the Port of Djibouti in the Doreleh Container Terminal, a joint venture

Qatargas, PetroChina Sign 22-Years LNG Supply Deal

Photo: Qatargas

Qatargas, the world’s largest LNG producer,  has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum.Under the 22-year SPA,

Kansas Man Charged for Cruise Ship Murder

Carnival Elation (File photo: Carnival)

A man from Topeka, Kan. has been arrested for allegedly murdering his girlfriend on board a cruise ship in January 2018, prosecutors said.The indictment alleges that 53-year-old Eric Newman killed Tamara Tucker, 50, of Lawson, Mo. while on board the Panama-flagged Carnival Elation on January 19 during

Djibouti Nationalizes Stake in Doraleh Container Terminal

© homocosmicos / Adobe Stock

Djibouti has nationalized the two-thirds stake in its Doraleh Container Terminal held by the Port of Djibouti, the government said in a statement, the latest twist in a dispute with Dubai's government-controlled DP World dating back six years.In February, Djibouti ended a contract with DP World, one of the world's biggest port operators,

US Navy Seizes Thousands of AK-47s in the Gulf of Aden

A visit, board, search and seizure team from the USS Jason Dunham (DDG 109) inspects a skiff found to be carrying a shipment of over 1,000 illicit weapons. (U.S. Navy photo by Matt Bodenner)

More than 2,500 AK-47 automatic rifles were seized from a stateless skiff in the international waters of the Gulf of Aden at the end of August.U.S. Navy sailors aboard the guided-missile destroyer USS Jason Dunham (DDG 109) discovered the illicit weapons shipment during counter-trafficking mission on August 28.

MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations

Image: MOL

Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels),

SBM Offshore to Pay Additional Fines to Petrobras

(File photo: SBM Offshore)

SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil's state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday.As a result of a long-running corruption investigation, the Dutch marine engineering group SBM has agreed to pay a total of 1.

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