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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


AkzoNobel Wins Major Environmental Award

Mike Winter accepting award on behalf of AkzoNobel

AkzoNobel’s pioneering methodology for rewarding ship owners who use sustainable hull coatings has been named Environmental Leader Product of the Year for 2016. The award recognizes the introduction of the shipping industry’s first carbon credits methodology


Turkey Launches F-513 TCG Burgazada

Photo: STM Savunma Teknolojileri Mühendislik ve Ticaret A.Ş.

 Turkish Navy’s third Milgem class corvette, the F-513 TCG Burgazada, created as part of the MILGEM project, was launched with a ceremony attended by Turkish President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım.  


Statoil’s 50 years to be Recorded

Statoils history

Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions.


Denmark Adopts Digital Ship Certification

Photo: Danish Maritime Authority

As of June 24, 2016, ships flying the Danish flag are being digitally certified, making Denmark one of the first countries to put an end to the 100-year-old tradition of certifying ships with paper certificates.   Until now, ship certification typically involved printing


Russian Navy Launches Varshavyanka-class Sub

Photo: Ministry of Defence of the Russian Federation

The sixth diesel-electric submarine for Russia's Black Sea fleet was launched Tuesday at a shipyard in St. Petersburg, says Russian News Agency TASS . The Varshavyanka-class sub, named Kolpino, is an advanced version of what NATO designates as a Kilo-class submarine.  


ASRY Launches Bahrain Coast Guard Landing Craft

Photo: ASRY

ASRY has launched a new Landing Craft being constructed for the Bahrain Coast Guard (BCG), marking the latest checkpoint for the fully Bahrain-based project. The launch took place at ASRY in the Arabian Gulf in the presence of BCG Brigadier Ala Abdulla Seyadi


K Line's Solar Powered Car Carrier Visits CMP

Photo: CMP

The latest generation of car carrier arrived recently. The sun doesn’t just shine over the ship, it also contributes to generating energy for it as Drive Green Highway has high efficiency solar panels.   Drive Green Highway is the world’s biggest ship adapted for solar energy


Boaty McBoatface to Set Sail – Virtually

Image: Sailors’ Society

Though the U.K. Natural Environment Research Council decided not to name its state-of-the-art polar research ship Boaty McBoatface (instead opting to name the ship David Attenborough, and calling its remotely operated undersea vehicle Boaty McBoatface), the name lives on.   


Liberia Registry Launches Electronic Oil Record Book

Christian Mollitor Vice President Photo Liberian Registry

The Liberian Registry, in partnership with Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has launched an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate correct ORB entries into an efficient electronic


Liberian Registry to Recognize Green Award Ships

Photo: LISCR

Liberia has become the first flag state to participate in the Green Award program, under which eligible shipowners will be offered significant annual tonnage tax discounts.   Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR)


FMC Chairman Addresses US-China Regulatory Issues

FMC Chairman Cordero (center) co-led US Delegation to US-PRC Bilateral Maritime Consultations in Los Angeles, June 2016 (Photo: Eric Shen, USDOT)

Consolidation of shipping lines, realignment of carriers alliances, environmental improvements in the shipping industry and achieving supply chain efficiencies were all among topics addressed during the U.S.-China Bilateral Maritime Consultations held in Los Angeles last week.  


Intelsat Launches Intelsat 31

Launch of Intelsat 31 Photo Intelsat

Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced the successful launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload for DIRECTV Latin America


ISS Launches new Partner Solution Initiative

ISS Vice President, Peter B. Nielsen, Partner Solutions Photo ISS

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe. ISS Partner Solutions will focus on the company acting as a sub-contractor to new


COSCO Shipping Bulk Sets Sail

Photo: COSCO Group

 The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co.  


UK Sets Pathway to Marine Engineering

The Lord Mayor was joined by Sea Cadets at the launch of the Marine Engineering Pathway project at Seafarers UK’s Annual Meeting in Mansion House on June 15. (Photo: Seafarers UK)

 The Lord Mayor of the City of London, Lord Mountevans, lent his weight to the launch of a new three-year project designed to inspire and engage young people across the U.K. in thinking about a future in marine engineering. It is being led by maritime charity Seafarers UK






 
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