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 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 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
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.
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
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
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
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
“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the registry. "Our aim is to ensure that Liberia remains the greenest fleet afloat." He continued, “The Liberian administration welcomes any new technology and ship designs which improve operational efficiency
Millions of visitors and residents could hardly miss the message projected on the side of the world famous United Nations building in New York this week: "Put a price on carbon." At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. More than 1,000 companies pledged their support for the effort.
China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity and embrace a brighter future together. The plan consists two segments - One is centered on the Asian land mass and
Chinese officials on Saturday fleshed out some details for the country's ambitious 21st Century Maritime Silk Road (MSR) project in its “one belt, one road,” action plan. Though the plan released by China’s economic planning agency and the commerce and foreign
Japan and Indonesia are rolling out a high-level bilateral “maritime forum” to expand cooperation in ensuring security at sea. Japan will increase its assistance in building Indonesia’s port infrastructure and coast guard capabilities.
The Maritime and Port Authority of Singapore (MPA) has announced several new initiatives to improve connectivity in the Port of Singapore, including a new 4G mobile network built in collaboration with M1 Limited. The MPA and M1 also signed a Memorandum of Understanding (MOU) to work
As a global manufacturer with the resources, technologies and expertise to make a positive impact in the world, Pentair is pleased has announced that its Project Safewater efforts have provided over 1 million people with sustainable, safe water services around the world.
European Union law enforcement agency Europol has launched Joint Operational Team (JOT) Mare, in a bid to combat irregular migration through the Mediterranean Sea. Hosted at Europol headquarters in The Hague, JOT Mare will combine Europol’s intelligence resources and the EU
From pollution to solution; Bellona Foundation and Damen to cooperate on low-emission designs A three-year partnership has been launched between Oslo-based NGO Bellona Foundation and Dutch company Damen Shipyards Group with the main goal of exploring and developing concept vessels for the
AVEVA Marine and AVEVA Bocad software licenses will be deployed in Korean Universities and schools to encourage the ongoing development of the local marine industry. Students will be introduced to the ship design process through hands-on experience with essential engineering and design disciplines
MTN Communications (MTN) has announced another maritime industry first with the launch of its high-definition live television service at sea, MTN Worldwide TV HD (MTN-TV HD). “MTN-TV HD delivers an amazing viewing experience onboard,” said Graham Douglas
The MIT Sloan School of Management launched the Interdisciplinary Consortium for Improving Critical Infrastructure Cybersecurity, also known as (IC)3, yesterday. Using an interdisciplinary research approach, (IC)3 focuses on the strategic, managerial, and operational issues related to cybersecurity
The Maritime and Port Authority of Singapore (MPA) will inject another S$65 million (US$46.8 million) into the Maritime Cluster Fund-Manpower Development program (MCF-MD) to attract and groom local talent for the maritime sector.
Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially. At European Shipping week, Dr Pierre C. Sames, Chairman of the European Research Association and Director of Maritime
The Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University, recognized the Port of Houston Partners in Maritime Education as part of the 2015 Bright Ideas program. This year's cohort includes 124 programs from all levels of
As part of Narendra Modi government plan to promote coastal shipping, India is all set to appoint a consultancy firm to assist the Shipping Ministry. The Press Trust of India quotes the Shipping Ministry document saying that promotion of coastal shipping and inland water
Port of Seattle CEO Ted J. Fick appointed Dave Caplan as a member of the port’s executive team as director of the new Office of Strategic Initiatives. Caplan will be responsible for exploring, developing and implementing initiatives to support performance within organization