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Initiative Launched

Economou Backs $300m Green Recycling Initiative

George Economou and broking house Banchero and Costa Spa have both invested in the Green Recycling Initiative launched two weeks ago. The $300m GRI aims to integrate the needs of steel producers to be able to produce ethically sourced steel from traceable scrap and the needs of shipowners to recycle ships in a more environmentally friendly manner. The launch investors were Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management. The Green Recycling Initiative (GRI) is building a fund to buy around 120 obsolete ships during 2009/10. Investors will be drawn from both the shipping and steelmaking industries. It will begin recycling these at established environmentally friendly ship recycling yards run by the International Ship Recycling Association while it builds its own recycling facility. Both Cardiff Marine and DryShips are global shipping transportation companies specializing in the management and transportation of various commodities in both the drybulk and the energy sector. The fleet managed by Cardiff Marine is in excess of 10 million deadweight tons. Banchero and Costa Spa is one of the world's leading maritime broking houses and shipping services groups. It has offices in Genoa, Monte Carlo, London, Geneva, Moscow, Hong Kong and Beijing. The Green Recycling Initiative is a Singapore-based company specifically formed to buy and recycle ships and to trade steel scrap on a global basis


One Voice: CESA & EMEC Unite

One voice for the European Shipbuilding and Maritime Engineering and Manufacturing Industry.   The European shipbuilders and the maritime engineering and manufacturing companies share common interests, concerns and policy objectives. They serve global, highly competitive markets with the highest technology requirements. Under the given conditions, European enterprises succeed based on know-how, innovation, productivity, quality, service and full customer satisfaction


CSI Achieves Major Milestone: 20 Ports In

U.S. Customs and Border Protection (CBP) Commissioner Robert C. Bonner and Vassilios Manolopoulos, Director General, of the Greek Directorate General of Customs and Excise announced that CBP officers have been deployed to the port of Piraeus as part of the Container Security Initiative (CSI) and that CSI has become operational there. As part of the CSI program, CBP officers are working with host government personnel as part of CSI


National Initiative Launched by Maritime Industry Leaders

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The high cost of recruiting, hiring and training  the thousands of skilled shipbuilding and repair professionals needed across the country each year, coupled with the need to increase productivity has left executives in the industry searching for answers.   In response to this need, industry leaders recently launched a national initiative called the Lighthouse Campaign.  On December 6-7, 2011, the leadership team of the Lighthouse Campaign sent representatives to a meeting at


Sustainable Shipping Initiative Launched in Singapore

Focus on sustainable shipping at Singapore event – Wärtsilä participates  The Sustainable Shipping Initiative (SSI) launched in Singapore recently is a series of practical, collaborative action plans aimed at developing a sustainable shipping industry for the future. Wärtsilä and other members have committed to deliver first results before the end of 2013. Presented as part of Singapore Maritime Week


Bourbon Strives for Fuel Consumption Savings

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Optimizing the crewboat's fuel consumption - BOURBON promotes best practices and organizes a competition.   With over 3 million people carried in 2011, the transport of personnel is at the forefront of BOURBON’s activities. Following directly on from the initiative launched in Gabon in 2010, from February 1 to May 1, 2012, BOURBON organized a competition for Surfers in Congo, aimed at cutting the hourly fuel consumption of personnel transport vessels operating out of the country.


Manitowoc Launches Coast Guard Cutter

Manitowoc Launches Coast Guard Cutter The Manitowoc Company, Inc. has launched the U.S. Coast Guard Cutter Hollyhock, the fourteenth ship in a series of 16 seagoing buoy tenders being built at Manitowoc’s Marinette Marine subsidiary. This 225-foot, Juniper-class vessel is part of a series of contracts that were awarded to Marinette in 1993 and 1998. “HOLLYHOCK and her sister cutters are highly sophisticated vessels that will enable the U.S


Invsat Announce Initiative with TeleMedic Systems

Invsat Limited, the VSAT and systems integration subsidiary of Inmarsat Ventures plc, has announced details of an initiative with London-based TeleMedic Systems, a supplier of remote telemedicine diagnostics. The aim is to speed up the delivery of emergency medical care using cutting-edge communications technology that supports TeleMedic Systems technical implementation. Central to this initiative will be VitalLink 1200 - a compact, lightweight system allowing monitoring of heart rate


Initiative to Speed Offshore Wind Development

Secretary of the Interior Ken Salazar launched a “Smart from the Start” wind energy initiative for the Atlantic Outer Continental Shelf to facilitate siting, leasing and construction of new projects, spurring the rapid and responsible development of the renewable resource. “The Cape Wind lease is an historic milestone in America’s renewable energy future, but to fully harness the economic and energy benefits of our nation’s vast Atlantic wind potential we need


Keppel Sets Up Charitable Foundation

Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives. The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation. In line with Keppel's key thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities, the Foundation will support organisations which have been conferred Institutions of Public Character status


USN Awards General Dynamics $11 Million for Support Services

Photo courtesy of General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat an $11 million contract to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).


Maritime Security handbook: Stowaways by Sea

Improvements in security have not reduced the number of stowaways or the number of incidents and it is seafarers who have to cope with the extra work, delay, uncertainty and possible violence. This is why The Nautical Institute has today (Wednesday, April 9


New E2S System Signals Lifeboat Launch

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U.K. signalling manufacturer E2S Warning Signals has designed and developed a bespoke siren system to alert people nearby when an RNLI lifeboat is launching.   The Royal National Lifeboat Institution (RNLI) is the charity that saves lives at sea


JFD Awarded Australian Navy Commendation

Photo courtesy of JFD

Commendation awarded by the Royal Australian Navy for dedicated work, commitment and support for Exercise Black Carillon 2013   James Fisher Defence (JFD) has been awarded a special commendation from the Submarine Force Commander of the Royal Australian Navy (RAN)


Orange Joins EU Cloud-based Ship Management Initiative

Image courtesy of Orange

Orange Business Services informs it has joined a European Union-sponsored initiative developing a cloud-based ERP platform for the maritime shipping industry. The platform will make it easier to manage ships at sea, improve safety and tighten business operations


Today in U.S. Naval History: March 17

Photo: U.S. Naval History and Heritage Command

Today in U.S. Naval History - March 17 1898 - USS Holland, first practical submarine, launched 1942 - United States Naval Forces Europe established to plan joint operations with British 1958 - Navy Vanguard rocket launches 3.25 pound sphere from Cape Canaveral


New Liferaft for Offshore Platforms

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Survitec Group is announcing a new davit-launched liferaft aimed at meeting the escape and survival needs of workers, passengers and crew on offshore platforms or high freeboard vessels. The liferafts are the newest addition to the comprehensive range of escape slides and rafts manufactured under


MLV Forms Marine Shipping Research Team, Names Leader

Independent full service investment bank & institutional broker dealer, MLV & Co inform that Natasha Boyden has joined the firm to captain the launch of a new research vertical focused on Marine Transportation and Shipping.  She will work out of the New York office.


Navy Research Vessel Launched with Siemens Propulsion

February 22 marked the launch of Neil Armstrong, the first of two Navy oceanographic research vessels to be launched with Siemens Blue multi-drive low voltage system. Neil Armstrong was launched in Anacortes, Washington. Siemens said the use of Siemens Blue improves the vessels reliability due


Auto-Maskin Opens Houston Office

Auto-Maskin, the makers of the Marine Pro range of diesel engine controllers, announced the opening of a new regional office in Houston, Texas to support the continued expansion in the marine and oil and gas sectors in North America. The facility in Houston will be staffed by sales, engineering


Landing School Develops Women’s Program

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The Landing School, a post-secondary institution focused on educating tomorrow’s marine industry professionals, announced the development of a community program, the Women in the Marine Industry Initiative. Developed by The Landing School


Port of Long Beach Hosts Situational Awareness Exercise

Sen. Mary L. Landrieu: Official photo

Public, military and private sector leaders met to discuss how the Port of Long Beach (PoLB) model of a surface and subsurface situational awareness network can be a template for other ports to help increase America's resilience during the first 72 hours of a national or large-scale crisis


Experimental Lakes Research to Continue in Canada

Government of Canada announces that a new operator for the Experimental Lakes Area has been secured The Honorable Greg Rickford, Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, and Joyce Bateman


New Satellite Images Earth Environment, Monitors Disasters

Satellite image: Photo NASA

Europe has launched the first satellite of its multibillion-euro 'Copernicus' Earth observation project that will supply valuable images in the event of natural disasters, ocean oil pollution, or even a plane crash. The Sentinel-1a satellite


GD Electric Boat Awarded US$11-million Navy Contract

USS Virginia: Photo credit USN

Amongst the latest listing of US Department of Defense, Navy contracts, GD Electric Boat is awarded a contract to provide submarine repairs. Details as follows: General Dynamics, Electric Boat Corp., Groton, Conn., is awarded an $11,000


 
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