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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


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

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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

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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


Malacca Begins Work for International Port

Image: Malacca Port Authority

 Soon after China identified Malaysia's Malacca as part of its 21st Century Maritime Silk Route economic belt (MSR), an international shipping port is being planned for the state.   The existing port in Malacca would be expanded to meet international standards


Port of Seattle Hires Director of Strategic Initiatives

Dave Caplan (Photo: Port of Seattle)

Port of Seattle CEO Ted J. Fick appointed Dave Caplan as a member of the port’s executive team as director of the new Office of Strategic Initiatives.   Caplan will be responsible for exploring, developing and implementing initiatives to support performance within organization


Fast Patrol Vessel launched by Cochin Shipyard

ICGS APOORVA (Courtesy: Cochin Shipyard Ltd)

 Cochin Shipyard Ltd (CSL) has launched the 14th of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard.    With this, CSL said, it has accomplished a rare feat of achieving three ship building milestones viz, keel laying


India to Appoint Coastal Shipping Consultant

Coastal shipping in India (Pic courtesy: KPMG)

 As part of Narendra Modi government plan to promote coastal shipping, India is all set to appoint a consultancy firm to assist the Shipping Ministry.    The Press Trust of India quotes the Shipping Ministry document saying that promotion of coastal shipping and inland water


THOME Group's Junior Officer Recruitment Now Self-Sufficient

   Cadets from THOME Groups training program (Photo courtesy of THOME Group)

THOME Group's Junior Officer Recruitment Now Self-Sufficient International ship management company THOME Group has become self-sufficient in recruiting junior officers, the company announced today, saying it managed to fill all of its 2014 junior officer vacancies from within its own pool of


Vestdavit Launches Multi-boat Handling System

Image courtesy of Vestdavit

Norway-based boat handling system and specialized davit supplier Vestdavit has designed a new multiple-boat handling system which aims to make boat handling safer and simpler in the hangars and mission bays of warships, seismic craft and expedition yachts


Bank of China Signs $14b Deal With China Shipping

Bank of China Tower - Image: Bank of China

Bank of China and China Shipping Group (CSG ) signed a global strategic cooperation agreement worth $14 billion (RMB90bln) in Beijing yesterday to develop cooperation opportunities worldwide, especially in the Shanghai Free Trade Zone (FTZ). 


MHI Consolidates 5 In-house R&D Facilities

Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its research and development structure.   The reorganization initiative calls for the creation of a new Research & Development Center consolidating the five currently existing Research & Development Centers


MHI Receives "Grand Prix" Award

High Marks Given to MHI REPORT 2014

  Mitsubishi Heavy Industries, Ltd. (MHI) has received the Grand Prix at the Nikkei Annual Report Awards 2014 sponsored by Nikkei Inc. The Grand Prix is the top award to be given to the company most highly appreciated by judges. The award-winning publication is the "MHI REPORT


China Launches First Maritime Silk Road Cruise Liner

Image: Maritime Silk Road

 China has launched its first cruise liner to sail via its ambitious transcontinental initiative Maritime Silk Road (MSR) on its maiden voyage during which it will visit three South-East Asian nations.   The liner has scheduled stops in Vietnam


China holds Maritime Silk Road seminar

Photo by China.org

 A two-day international seminar on beefing up maritime trade infrastructure in Asia opened on Wednesday in southeast China's Quanzhou City in Fujian Province.  Since Chinese President Xi Jinping proposed the 21st Century Maritime Silk Road in his speech in the Indonesian parliament in


NASA Recognizes Conrad for Barge Conversion

Conrad Industries, Inc. has received the NASA Space Flight Awareness Supplier Award based on its performance with the conversion of the NASA Pegasus barge.   The annual award honors outstanding performance by hardware, software or service suppliers who support NASA human space flight


P&O Ferries, MTN Transform Sea Travel Communications

Photo courtesy of P&O Ferries

P&O Ferries and MTN Communications (MTN) announce the delivery of high-performance Internet connectivity and access to online content through the first Wi-Fi hot spot on the English Channel.   This service is now live on the English Channel on ferries serving the P&O Ferries


Vietnam Seeking Private Investment in Ports

Cai Mep International Terminal (Photo courtesy of Maersk)

Vietnam's Ministry of Transport is seeking private sector investment for construction of seaports, Vietnam Briefing reported last week. The Vietnam Maritime Administration will announce a list of 42 maritime infrastructure projects, including 18 seaports, looking for private investment


Hempel Opens its First Factory in Africa

From left to right: Kim Junge Andersen (Group Executive Vice President and CFO) and Johann Geldenhuis (TCMCs General Manager) shaking hands after the deal was signed. (Photo: Hempel)

Hempel has opened its first factory in Africa, its 26th worldwide, to manufacture coatings for the marine as well as decorative and protective industries to serve customers in Sub-Saharan Africa.    Further boosting its growth plans, Hempel acquired its South African toll manufacturer






 
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