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
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
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
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
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 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 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
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 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
Twenty more maritime companies came together to sign the Maritime Singapore Green Pledge to signify their commitment towards promoting clean and green shipping in Singapore. They join the 40 companies that have already signed the Green Pledge so far.
Maui Acquisition Corp, the parent corporation of The Safariland Group, a global provider of a diverse range of safety and survivability products designed for the public safety, military, professional and outdoor markets has announced the appointment of Christopher E
An all-electric, fuel cell-powered, unmanned aerial system (UAS) aircraft has been successfully launched from the submerged 'USS Providence' (SSN 719) & flew a several hour mission demonstrating live video capabilities streamed back to the submarine
Bristol Harbor Group, Inc. (BHGI) was awarded a task order for an Alternative Fuel (LNG/CNG) Initiative through its Indefinite Delivery Indefinite Quantity (IDIQ) Naval Architecture and Marine Engineering contract with the U.S. Army Corps of Engineers (USACE) Marine Design Center (MDC).
An International Marine Task Force comprised of U.S., U.K., Dutch and Spanish Marine units disembarked from the Royal Netherlands Navy landing platform dock HNLMS Rotterdam (L800) after concluding a comprehensive set of security-enhancing activities as part of Africa Partnership Station (APS), Nov
Today in U.S. Naval history - November 18 1890 - USS Maine, first American battleship, is launched. 1922 – Cdr. Kenneth Whiting in a PT seaplane, makes first catapult launching from aircraft carrier, USS Langley, at anchor in the York River.
South Korea plans to develop the offshore plant industry into a new engine for growth that will create over 10,000 new jobs by 2017, reports Yonhap News citing a government source. The government plans to effectively implement its policy initiatives by jointly investing some 900 billion won ($848
Chemical Tanker safety comes into sharp focus in a new training course from leading maritime training provider Videotel Marine International. The newly-launched Advanced Chemical Tanker Course has been developed in conjunction with the Chemical Distribution Institute (CDI)
A recent report US Government Audit Office (GAO) report, mandated by the House, discussed amongst other issues: (1) quality problems in constructing recently delivered ships and Navy actions to improve quality and (2) key practices employed by leading commercial ship buyers and
Specialist seabed mapping company Osiris Projects has this week launched the fifth vessel in their fleet, the 14m GRP catamaran MV Proteus. Designed to provide an excellent working platform for coastal survey operations, MV Proteus can work up to 60 miles from a safe haven under MCA Category 2 and
Harkand has entered into a charter agreement with Siem Offshore for the Offshore Subsea Construction Vessel (OSCV) Siem Spearfish. The agreement covers a firm period of five years with three yearly options and shall commence in May 2014. The vessel will support the development of the Harkand group
Leaders from key sectors of the Greater New Orleans region will meet on Tuesday, December 3, 2013 to address gaps in national domestic response capability by including regional best practices as part of a template to be shared by America's strategic military base and port communities
In partnership with the Port of Dover Consultancy, BMT Isis (BMT), a subsidiary of BMT Group, has announced the launch of a two day, interactive training course and workshop for Harbor Masters, Port Managers and Port Authorities. Entitled ‘Managing Port Safety and Security’
The case for independent monitoring and verification of energy-efficiency initiatives World crude production may rise and fall, but the historical trend shows a steady increase in the price of a barrel of oil, and with it, the price of a ton of fuel
Emirates classification society Tasneef has classed its first commercial vessel. The 96,214 dwt oil tanker Energena is jointly-classed with Italian classification society Rina. Yesterday His Highness Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority