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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

Swedish Shipping Joins Fossil Free Initiative

Image: Svensk Sjöfart (Swedish Shipowners Association)

 The Swedish Shipowners Association has expressed its disappointment that shipping was not included in the new climate agreement that was struck in Paris by countries represented at the United Nations Framework Convention on Climate Change.   They believe that delegates in Paris failed to seize the moment to make a direct statement to the shipping industry about its commitments, and that more needs to be done to tackle the climate challenge.  

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

Drydocks World & DMC to build 1st LNG-powered tug

Eco Tug

  Drydocks World and Dubai Maritime City (DMC), the leading provider of services to the shipping, maritime, oil, gas & energy sector is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai.  As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the

Bourbon Strives for Fuel Consumption Savings


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.

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

First LNG Fuelled Tug for Middle East by Wärtsilä

The first LNG fuelled harbour tug in Middle East region will be designed by Wärtsilä and feature a full scope of Wärtsilä solutions.

  Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas. The order was signed in November. The 29-meter-long tug is the first of a series of nine such vessels to be built and operated by DDW

Volvo Penta’s Kull a Top Woman in Manufacturing

Marcia Kull (Photo: Volvo Penta)

The Manufacturing Institute to honor Volvo Penta’s Marcia Kull with STEP Ahead Award on April 21; award honors top women leaders in the manufacturing industry    Marcia Kull, vice president of marine sales for Volvo Penta of the Americas, has been selected by the Manufacturing Institute as one of the top women in U.S. manufacturing for 2016.   Kull and the other honorees will be recognized at the fourth annual Women in Manufacturing STEP (Science, Technology

National Initiative Launched by Maritime Industry Leaders


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

Foundation of New Krishnapatnam Port Terminal Laid

Hon’ble Minister Santosh Gangwar (Center) with Chinta Sasidhar – Managing Director and Anil Yendluri -  Director and CEO - Krishnapatnam Port Company Limited while laying the foundation stone for the TT terminal at the port.

Santosh Gangwar - Minister of State for Finance, GoI laid the foundation stone of a project intended to offer convenience to transporters CHAs and FFs of the country’s largest all-weather; deep water port on the east-coast of India – Krishnapatnam Port.

Eagle Bulk and Partners Receive SHIPPINGInsight Award

Photo: Eric Haun

The 2016 SHIPPINGInsight Award was presented to Eagle Bulk Shipping, and its technology partners Veson Nautical and Accuritas Global Solutions, at the SHIPPINGInsight 2016 Fleet Optimization Conference & Exhibition in Stamford, Conn.  

SSI: IMO, Member States must Cut GHG Emissions

Sustainable Shipping Initiative (SSI) is an ambitious coalition of shipping leaders from around the world Photo SSI

The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today set out what it believes are the required immediate actions for creating a framework to reduce Greenhouse Gas (GHG) emissions from shipping.   

ST Marine Launches LMV Unity

The launching of the third Littoral Mission Vessel - Unity, built by ST Marine for the Republic of Singapore Navy Photo ST Marine

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), successfully launched the third Littoral Mission Vessel (LMV), Unity, designed and built for the Republic of Singapore Navy (RSN).

IRClass Opens Office in Alang to Support Recycling Initiatives

Arun Sharma - Chairman ISSPL. Photo IRClass

Indian Register of Shipping (IRClass), a leading international classification society, opens an office in Alang, India, today. The new office will serve to support its ship recycling initiative in Alang, following on its recent initiative of certifying ship recycling yards according to EU

German Shipbuilders Strong in a Weak World Market

High-tech rescue vessel BERINGOV PROLIV built by Nordic Yards intended for use in the arctic. (Photo: Nordic Yards)

VSM: Collapse in demand dampens expectations for the current year   The global shipbuilding industry continued its downturn in 2015 with the number of new orders halved compared to 2013 level. The year 2016 is shaping up to be even worse.   

Singapore Plans to Shape Bunkering for World's Future

Expansion of international focus group to cooperate on LNG bunkering. Photo:  Maritime and Port Authority of Singapore

 Maritime and Port Authority of Singapore (MPA) introduced several new initiatives at SIBCON as part of Singapore’s continued efforts to enhance bunkering processes and prepare the bunkering industry to meet future demands.   

North Korea Builds Largest Missile Submarine Yet

 Satellite footage suggests that the North Korean regime of Kim Jong-Un has begun development of a massive new submarine capable of launching ballistic missiles further potentially threatening the US, reports the Telegraph.  Images captured by commercial satellites in September show

Great Lakes Launch Hopper Dredge Ellis Island

The Ellis Island prior to launch Photo Great Lakes

Great Lakes Dredge & Dock Corporation announced today the successful launch of the Ellis Island, the barge component of its Articulated Tug & Barge (ATB) hopper dredge currently under construction.  The launch occurred on September 30

IMCA Launches Series of Regulatory Update Bulletins

Today’s regulatory agenda is being increasingly driven by environmental issues. Shipping is under increasing pressure to lower greenhouse gas emissions and to contribute to global efforts to counter anthropogenic climate change. The pressure is unlikely to abate; on the contrary shipping

Nor-Shipping Crowd-Sources to Turn Industry Problems into Profit

Nor-Shipping invites the next generation to find solutions to this generation’s challenges through its unique ‘Problem to Profit’ initiative. The leading global maritime event week, taking place in Oslo and Lillestrøm, Norway, from May 30 to June 2, 2017

New Book Targets Better Ship Design

Improving Ship Operational Design, second edition (Image: The Nautical Institute)

Bad ship design can make life onboard difficult and uncomfortable, cause accidents and even kill. Naval architects have a huge responsibility, but few of them have direct experience of how their designs affect those who use them. Improving Ship Operational Design

JNPT Now Harnessing Solar Power

Photo: Jawaharlal Nehru Port Trust

 India’s largest container port, Jawaharlal Nehru Port Trust (JNPT) will now harness solar energy and reduce its dependency on conventional electricity from the grid.  JNPT is installing solar power plant on several rooftops in its township and commercial premises. Gets a Facelift

(Image: – the commercial maritime industry’s longest running online news site, launched a newly designed version today.  The new mobile-friendly site features a sleek new look, enhanced search and archive functions, easier navigation, videos and much more

$100M Tug Contract: Fourth Boat Delivered in South Africa

TNPA’s new tug, OSPREY, was launched and named at the Southern African Shipyards premises in Durban, South Africa.  (Photo: TNPA)

Transnet National Ports Authority (TNPA) is on track with its $100m tug building contract and celebrated the ceremonial launch of the fourth of its nine new tugs being built in Durban.   The tug – named OSPREY in honor of the fish eagle – will serve at the Port of Saldanha

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