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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.  


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


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


Bourbon Strives for Fuel Consumption Savings

Bourbon-Axelle1.jpg

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


National Initiative Launched by Maritime Industry Leaders

NCCER_Logo_web.jpg

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


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


Hamburg Süd Reports Sustainably

Courtesy Hamburg Süd

Hamburg Süd is the first container shipping lines to publish its Sustainability Report in accordance with the Global Reporting Initiative (GRI) G4 Standard Disclosures (Core). Entitled “Setting standards and acting sustainably”


Global Safety Day Celebrations at APM Terminals

A skit on safety and  risk management being presented during the Global Safety Day celebrations at APM Terminals Inland Services’ CFS in Mumbai Photo APM Terminals

Under the theme ‘Safe for you, Safe for me’, APM Terminals Inland Services, South Asia celebrated Global Safety Day on 28 th April with emphasis on raising awareness on the importance of risk management among employees, contractors and external stakeholders.


Hamburg Süd to Adopt INTTRA eVGM Service

Photo: Hamburg Süd

Hamburg Süd, one of the 10 largest shipping lines worldwide, and INTTRA, the world's ocean shipping electronic marketplace, have expanded their partnership to address the July 1 implementation of the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM)


HII Secures Aircraft Carrier Planning Contract

Rendering of the third ship in the Ford class of aircraft carriers, Enterprise (CVN 80) (Image: HII)

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R. Ford class, Enterprise (CVN 80), named in honor of the U.S. Navy’s first nuclear-powered aircraft carrier, USS Enterprise (CVN 65)


ECSA Looks Forward to Improvement of Shipping Conditions in Arctic

Photo: The Whitmore Group

 European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters. Climate change and environment, sustainable development and international cooperation in the Arctic are equally


New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.   Greystoke Marine Management Ltd. is the latest company to choose Vancouver for its base of operations


US Leaders Work toward Supply Chain Innovation

Photo: Port of Los Angeles

The Federal Maritime Commission’s (FMC) Supply Chain Innovation Team Initiative, led by Commissioner Rebecca F. Dye, was launched today at FMC headquarters in Washington, D.C.   Over the next two-days, industry leaders from 34 companies will be working in teams with the goal of


Singapore Scheme to Tackle Lack of Marine Engineers

Image: Singapore Maritime Officers’ Union

 Singapore has launched an initiative to attract more locals to take up a career as a marine engineer. The joint venture between unions, government and industry aims to address an acute shortage.   A new S$1.2 million Tripartite Engineering Training Award (TETA) Programme was launched


LUKOIL Marine Lubricants Launches Barge in Singapore

The new barge LUKOIL Marine (Photo: LUKOIL Marine Lubricants)

Experiencing continued success and growing demand for the supply of marine lubricants, LUKOIL Marine has launched an additional supply barge named LUKOIL Marine.   With a length of 45m and a capacity of 800 dwt divided into several compartments


DNV GL 7 JIPs in North America

New research from DNV GL has revealed that cost management has become an even higher priority for senior oil and gas professionals  Courtesy DNV

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint industry projects (JIP) from the region in 2016. The initiatives will support overall efficiency efforts in the pipelines


Maersk Returns to Liverpool

(Photo: Peel Ports)

Maersk has been welcomed to the Port of Liverpool with a formal reception for its feeder vessel Antwerp. The event on April 27 was attended by Seago and Maersk representatives along with customers, and was followed by a port tour, including a trip to the top of the 90m Grain Tower.  


BSEE, USCG on Sharing Information, Jt Ops

BSEE Director Salerno and USCG Rear Admiral Thomas Discuss information Sharing and Joint Operations at OTC

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion today ​at the Offshore Technology Conference (OTC)  in Houston. The discussion focused on topics relevant to joint inspections


Two New Tugs Built for TNPA

TNPA’s new tugs, Qunu and Cormorant, were launched and named at the Southern African Shipyards in Durban Linda Mabaso, Chair of Transnet SOC Limited, named the vessels, flanked by Trishna Misra, Chief Financial Officer of Southern African Shipyards. (Photo by Philip Wilson – Logico Creative Solutions)

 The South African government’s Operation Phakisa: Oceans Economy initiative has yielded more results with the ceremonial launch of two more tugboats built for Transnet National Ports Authority (TNPA).   The two tugs – named Qunu and Cormorant – form part of


This Day In Naval History: May 9

USS Ashland (LSD 48) (U.S. Navy photo)

1860 - While off the Isle of Pines (now named Isla de la Juventud) near the south coast of Cuba, the screw gunboat Wyandotte captures the slaver William, which carries 570 Africans. 1926 - Lt. Cmdr. Richard E. Byrd and Chief Aviation Pilot Floyd Bennett report reaching the North Pole in their


World First: Greek Ship Owner Awarded Carbon Credits

Carlos Soler, AkzoNobel’s Business Director for Southern and Eastern Europe (left) presenting 13,735 carbon credits to Costas Mitropoulos Neda Maritime Co Ltd’s Technical Director (Photo: AkzoNobel)

Neda Maritime Agency, a  Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business.   A total of 13,375 carbon credits, potentially worth around $60






 
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