Rough waters ahead for Canada’s Offshore Patrol Ships?

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Slippery ship: First ADM bulker with air-lubed hull
October 29, 2014—Agribusiness giant Archer Daniels Midland Company (ADM) has taken delivery of Harvey Frost, the first of three 95,000 dwt bulk carriers featuring an air lubricated hull. Classed by ClassNK, the newly delivered bulk carrier is the first of three vessels, designed to serve as grain carriers, ordered by ADM in 2011 from Japan’s Sumitomo Corporation.

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Industry News
Pirate attacks fall, but oil thefts rise
Though pirate attacks worldwide have fallen for the third consecutive year, small tanker hijacks by armed gangs are escalating in Southeast Asia, according to the latest piracy report from the International Maritime Bureau (IMB) in its latest piracy report.

Budget watchdog: Woes ahead for Canada’s A/OPS program
It would appear that there is a strong possibility that plans for the number of Arctic/Offshore Patrol Ships that will build at Irving Shipbuilding, Halifax, N.S. could be scaled back, according to a report by Canada’s Parliamentary Budget Office, unless the government comes up with additional funding.

Jail time for former shipyard executive
Singapore shipbuilder Sembcorp Marine Ltd.’s former finance director Wee Sing Guan has been sentenced to 39 months in jail by a Singapore court after pleading guilty to nine charges of defrauding the company. The charges stem from unauthorized foreign-exchange trades for the account of subsidiary Jurong Shipyard Pte Ltd that led to his dismissal in 2007.

New CEO at MAN Diesel & Turbo
The new CEO of MAN Diesel & Turbo SE comes from within the company’s own ranks. Dr. Uwe Lauber will assume the post of Executive Board Chairman of the Augsburg, Germany based company with effect from January 1, 2015. Prior to this, he was Head of the Business Unit Oil & Gas before becoming the Executive Board member responsible for Global Sales and After Sales on October 1, 2014.

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