Marine link

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

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.

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

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

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

China Embraces Carbon Pricing and UN Takes a Shine to Plan

China embraces carbon pricing and UN takes a shine to plan

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.

Liberian Registry Launches Green Ship Initiative

Scott Bergeron (Photo courtesy: Liberian Registry)

“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

HII Ship Repair Arm Honored for Green Efforts

Photo: Continental Maritime of San Diego

Continental Maritime of San Diego (CMSD), a ship repair subsidiary of Huntington Ingalls Industries (HII), has been awarded the Blue Sky Award by San Diego County’s Air Pollution Control District APCD for its initiatives targeting reduced air pollution.  

Peel Ports' Cargo200 drive Secures 50 Supporters

CGI of completed Liverpool2 container terminal

Peel Ports has today (Thursday 19 November) announced that it has secured 50 advocates for its Cargo200 initiative and is urging other shippers in the North-west to add their weight to the campaign.   Launched in May, Peel Ports called for importers and exporters whose goods began or ended

SSI Urges IMO for Action on Reducing CO2 Emissions

The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today released - ahead of discussions at COP21, which will be held in Paris from 30th November - a statement calling for the shipping industry to play its part in

Gates to Launch Mega Clean Tech Initiative

Bill Gates Photo Microsoft

  Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris, GreenWire reported Friday. Gates and a group of developing and developed countries will agree to

Austal launches HSSV for Oman Navy

Hull 390 High Speed Support Vessel

Austal has launched the first of two 72m High Speed Support Vessels (HSSV’s) being built for the Royal Navy of Oman (RNO), yesterday. Hull 390 - the future RNOV Al Mubshir - was successfully launched after 13 months of construction and fitout at the company’s Henderson

London's Baltic, China's Ningbo Exchanges in Container Link

London's Baltic Exchange and Chinese state-owned Ningbo Shipping Exchange said on Friday they would collaborate on container indices, the first foray by the Baltic into this segment of the freight market. Sources told Reuters in early October that the London Metal Exchange

Grand Banks Yachts Swings Back into Black

Photo: Grand Banks Yachts

 The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period.   Following restructuring efforts after a major acquisition, gross profit margin increased to 24

Seafarers Safety Initiative Grand Prize for NYK

NYK has been recognized with the 2015 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism

  NYK has been recognized with the 2015 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the company’s seafarer safety activities. The award recognizes the safety training provided to NYK’s

Dutch Experts Starts Work on Philippines Coastal Protection Strategy

Tacloban after Typhoon Haiyan.

  International engineering and project management consultancy firm Royal HaskoningDHV is leading a multi-disciplinary team in developing a sustainable coastal protection strategy to reduce flood risks for the cities of Tacloban and adjacent Palo in the Philippines.  

VT Halter Launches Another ATB Tug for Bouchard

M/V Morton S. Bouchard Jr.  6,000hp Twin Screw ATB tug (Photos: VT Halter)

Shipbuilder VT Halter Marine, Inc. and Bouchard Transportation Co. Inc. announced the launch of M/V Morton S. Bouchard Jr., a 6,000hp Twin Screw Articulated Tug Barge (ATB) tug, on October 29, 2015.   The M/V Morton S. Bouchard Jr. is part of a two-vessel contract awarded to the shipyard

Global Terminal Operators Go Green

Photo: APM Terminals

 Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals

Liberia Registry Launches Web-based Liability Certificate Facility

Photo courtesy of The Liberian Registry

The Liberian Registry has launched a new service enabling shipowners and managers to apply online for certification under the major international liability conventions.   Earlier this year, Liberia launched an online certification facility on its secure eMaritime website to expedite

Twin Disc Slashing Costs under Market Pressure

Power transmission equipment company Twin Disc, Inc., announced additional restructuring and cost reduction activities aiming to further reduce expenses, as a result of challenging global market conditions within the company's oil and gas, global pleasure craft and Asian commercial marine markets

Seamen’s Unity Day Celebrated

Large number of seafarers at the Seamens Unity Day programmes

  The Indian seafarers celebrate 6th November as the Seamen’s Unity Day.  The National Union of Seafarers of India (NUSI) commemorated the occasion as is done annually on the 6th of November, which is also a paid holiday for seafarers working on Indian and foreign flag ships.

South African Boatbuilding: Tugboat Honors Mandela Birthplace

(Photos courtesy of Southern African Shipyards)

Transnet National Ports Authority announced a milestone in its $98 million tug building contract when the first of its nine new tugboats was launched at the Durban premises of contractor, Southern African Shipyards.     “This is the largest single contract TNPA has ever

rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright