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MarineCFO Unveils Commercial Release of MarineCFO

MarineCFO Inc., a provider of marine transportation solutions announced the commercial release of MarineCFO for the marine transportation industry. MarineCFO, Inc. offers industry leading solutions to the global Marine Transportation Industry. Built upon the UA Financial Management and Business Framework Software Platform, MarineCFO boasts the benefits from the expertise and experience gained in over 6,000 customer installations worldwide in most major industries.


Swift Appointed Foundation GM

Captain Peter J. Swift has been appointed as the General Manager of the Maritime Industry Foundation. He takes up his new position with effect from June 2007. Before joining the Maritime Industry Foundation, Captain Swift spent forty eight years in the maritime industry. Twenty of those years were at sea, with command experience on LNG carriers, OBOs and aframax tankers. Shore experience included marine operations and technical management positions with P & O Bulk Shipping Division


Korea's Shipbuilding Industry Update

According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year.


Ship Demand to Reach 31 Million DWT between 2006-2010

According to Research and Markets, which provides an in-depth study on supply-demand, competitive pattern and latest market changes in Chinas shipbuilding industry, as well as presents and analyzes the development and operating strategies, competitiveness and the prospect of major manufacturers in details, from 2006 to 2010, the total demand of ships will reach 31 million DWT, and the annual demand will be 6.2 million DWT on average


Pakistan President Approves Strengthening Shipbuilding Industry

Pakistan President President General Pervez Musharraf said shipbuilding industry can become the country’s great asset due to its potential and would contribute to the uplift of national economy.The President was chairing a meeting of Karachi Shipyard and Engineering Works (KSEW) to review the shipbuilding industry, which was also attended by Prime Minister Shaukat Aziz. Vice Admiral Iftikhar Rao, Managing Director KSEW in his presentation informed President Musharraf that shipbuilding is


Kronodoc Oy Introduces Software Version for Marine Industry

Kronodoc Oy introduces a new software version, Kronodoc Marine. The new version is suitable for Marine Industry clients to manage their content, execute program and project management around the world. Kronodoc generates process analysis and reports in a distributed collaborative environment. The new software version adds a wide range of new functionality: Project Email Tracking Powerful Information Search Process Management, System Application Integration (Ex: CAD Viewer, CADRef)


Japanese Shipyard Expected To Integrate

Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., (IHI) and Mitsui Engineering & Shipbuilding Co Ltd. are set to integrate operations in the general commercial vessel market. The combined annual revenue of the their ship businesses in fiscal 1999 totaled 308.5 billion yen, surpassing the 268


Expansion Continues at the Australian Marine Complex

The expansion of Western Australia’s shipbuilding capabilities is set to continue with the construction of two crucial common-use facilities at the Australian Marine Complex ( AMC ) at Henderson. The State Government has today called for expressions of interest to build a service and repair facility for the local super-yacht industry and a blast and paint facility at the AMC. Industry and Enterprise Minister Francis Logan said the State Government was committed to ensuring the


Dow Named VP of Public Affairs for Carnival

Tom Dow, a 28-year travel industry veteran, has been named vice president - public affairs for Miami-based Carnival Corporation & plc. In this newly created position, Dow serves as Carnival Corporation & plc's liaison to federal and state governments and local communities in North America. He also serves as Carnival Corporation & plc's representative for industry organizations such as the International Council of Cruise Lines


Korean Shipbuilders Book Orders for First Quarter

According to sources, South Korean shipbuilders racked up large overseas orders in the first quarter, keeping them on course to exceed yearly targets, industry sources said Sunday. Hyundai Heavy Industries clinched orders worth $2.3 billion in the January-March period, compared with its full-year target of $7.4 billion. Its two affiliates _ Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries _ won a combined $2.75 billion worth of orders in the first quarter.


VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it has taken delivery of the ECO VLCC the Gener8 Macedon on August 30, 2016 from Hyundai Samho Heavy Industries Co., Ltd.  


KfW IPEX-Bank Boosts its Presence at SMM

Holger Apel and Carsten Wiebers (copyright: KfW Bank / Gaby Gerster)

In an interview the departing head of the KfW IPEX-Bank Maritime Industries department, Dr. Carsten Wiebers offers insight into the facets of international ship finance as well as the challenges it currently faces. His successor Holger Apel casts a glance into the future.  


3sun CEO Chairs Offshore Wind SIG

Graham Hacon

3sun Group, specialist provider of products and services to the global energy industry, is reinforcing its ongoing commitment to the offshore wind industry with CEO Graham Hacon chairing a new special interest group.   The Offshore Wind Supply Chain Special Interest Group (SIG) has been


Growth in the Leased Container Equipment Fleet to Slow

Source: Drewry Maritime Research

 Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than 1% in 2016, according to the latest edition of the Container Leasing Industry Annual Report 2016


Hanjin Shipping to File for Court Receivership

Photo: Hanjin Shipping

South Korea’s biggest container shipping line Hanjin Shipping Co has decided to apply for court receivership after lenders halted all support, says a report in Bloomberg.   A Reuters report also says that it would file for court receivership after losing the support of its banks


WSS Marketing Turner Design’s Ballast Water Compliance Tool

Photo: WSS

Wilhelmsen Ships Service (WSS), provider of products and services to the shipping industry, said it has signed a partnership with Turner Designs USA to market its Ballast-Check 2 PAM Fluorometer to shipowners worldwide.   The easy to use handheld device enables crew to qickly check the


Abu Dhabi Ship Building Commissions First Floating Dock

Photo: ADSB

Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering.   “The addition of the floating drydock contributes to our commitment to expand our service offering


RSC Bio Solutions is Making Waves in the Marine Industry

RSC4.1.jpg

 RSC Bio Solutions, a global leader in environmentally acceptable lubricants (EALs) and cleaners, will launch a new revolutionary product line of sustainable lubricants at SMM 2016 in Hamburg, Germany.    These new products have the potential to improve operational efficiency


Japanese Yards Mull Shipbuilding Alliance

Photo: MHI

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd


Banks Halt Support for Hanjin

file Image (Credit: Hanjin)

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.


SK Shipping Selects 5X72DF for LNG Carriers

WinGD 5X72DF engine

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF (5X72DF) engines for each of a pair of 180,000 m3 LNG carriers ordered by South Korean shipowner SK Shipping Co., Ltd (SK)


Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

Photo: Hanjin Shipping

 The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.   This is the first time that the industry recommends the merger of the two


Doing Business Differently to Meet Sustainability Targets: DNV GL

Picture by DNV GL

 Pressure is mounting on the global oil and gas industry to reduce environmental footprint at the same time as the industry is under significant cost pressure.    Since business as usual is not an option, DNV GL has launched two papers to advise the industry on how and where to


Singapore to Focus on Improving Navigational Safety

Image: Maritime and Port Authority of Singapore

 The Maritime and Port Authority of Singapore (MPA) launched the first-ever International Safety@Sea Conference in Singapore.    The conference will run for two days and concludes on 31 August 2016. Held as part of Safety@Sea Week


California: A Strong Shipbuilding State

General Dynamics NASSCO christened and launched tanker Constitution on Saturday, August 27, 2016 (Photo: General Dynamics NASSCO)

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance of shipyard industry for California while on tour at NASSCO  Shipbuilders Council of America (SCA) member General






 
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