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
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
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
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
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
The American Society of Naval Engineers (ASNE) announced that registration has opened for its Launch and Recovery Symposium 2014: Launch and Recovery of Manned and Unmanned Vehicles from Surface Platforms. The theme for 2014 is Mission Effectiveness, Safety and Affordability.
BMT WBM ( (BMT), a subsidiary of BMT Group Ltd, a leading international engineering and risk management consultancy, is delighted to announce that it will be presenting its TUFLOW flood and hydraulic modelling software suite at the World Bank’s Workshop ‘Flood Model Showcase’
WR Systems has been shortlisted for the Environmental Initiative Award. Judged by an independent panel of experienced cruise industry specialists, the Seatrade Insider Cruise Awards are one of the highest accolades in the cruise industry.
The partners inform that a new global initiative launched by DNV GL and Monday Morning Global Institute (MMGI) aims to identify opportunities for sustainable responses to a range of global risks. A series of eight workshops around the globe marks the start of the identification process
A new global initiative launched by DNV GL and Monday Morning Global Institute aims to identify opportunities for sustainable responses to a range of global risks. A series of eight workshops around the globe marks the start of the identification process
Cultivating next generation of leaders from head office and overseas subsidiaries, promoting management skills to drive future innovation. Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company launched a program on August 4 to train candidates for the next-generation of
The Coast Guard participated in a multi-agency Northern Border Initiative exercise to strengthen inter-agency security partnerships in five New York locations, Thursday and Friday. Approximately 500 people from 20 Federal, State and local agencies
Following a three-year record of improved results from Port State Control (PSC) inspections, the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg) has moved up to Grey List ranking on the Paris MoU performance lists covering Europe and the North Atlantic
Fugro report first half-year revenue of EUR 1,186.9 million compared to EUR 1,167.9 million in first half of 2013. Year-on-year revenue growth at constant currencies of 6.2% or 7.9% excluding multi-client seismic surveys. Highlights Non-cash impairments and one-off write-offs of EUR 346
Member of the Rosneft Board of Directors, RF President's Special Envoy for International Cooperation Representative in the Arctic and Antarctic Artur Chilingarov took part in a meeting of the Arctic Council member states, observer states and representatives of scientific community under the aegis
VT Halter Marine launches one, christens one and delivers two for Hornbeck Offshore OSV program VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc., announced four separate shipbuilding milestones for the Offshore Supply Vessel (OSV) Super 320 Program underway for Hornbeck
Colorado Gov. John Hickenlooper has persuaded anti-fracking groups to scrap two ballot initiatives that would have curtailed oil and gas drilling, and news of the agreement on Monday lifted share prices of oil producers. Hickenlooper, in a televised news conference
Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative, launched by IMPA, International Marine Purchasing Association.
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI) will integrate two of its group companies: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation, which handles majority of domestic sales of air-conditioning and refrigeration (AC&R) products
Fourteen WTO members launched plurilateral negotiations for an Environmental Goods Agreement on 8 July 2014 at the WTO. These members said the talks will promote green growth and sustainable development while providing impetus for the conclusion of the Doha Round.