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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.  


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


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


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.


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


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


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


Gail India Seeks First-half April LNG Cargo

Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said.   The tender, launched on Monday, follows two recent cargo purchases also for delivery in April.


Emas Offshore Braces for Ezra’s Bankruptcy

Lee Kian Soo, Executive Chairman Photo: EMAS Offshore

 The EMAS Offshore (EOL) board of directors warns that the Chapter 11 filing of parent company Ezra Holdings  may negatively impact EOL and its subsidiaries, which could possibly lead it to face a going concern issue. EMAS Offshore Limited is a subsidiary of Ezra Holdings Limited


Caribbean Centre Launches on Low-Carbon Shipping Mission

Photo:  International Maritime Organization (IMO)

 A new centre tasked with promoting technologies and operations to help navigate shipping into a low-carbon future has been launched at the University of Trinidad and Tobago (8 March).    The centre will cater to the needs of the Caribbean region under the Global Maritime


JNPT to Support Direct Port Delivery Facility

Neeraj Bansal, Dy.Chairman, JNPT addressing the gathering on JNPT’s initiatives for DPD. Photo: PIB, Govt of India

 Indian government is exhorting importers to use the Direct Port Delivery (DPD) facility, an initiative aimed at reducing dwell time and transaction costs, reported PTI.   According to Ministry of Shipping, the Direct Port Delivery (DPD) is a major initiative of the Centre under


Portland Port, ICTSI to terminate Lease

ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6. The agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017


Iridium Sets Target Date for Second Iridium NEXT Launch

Iridium Communications has announced it has received a targeted launch date of mid-June for the second mission of ten Iridium NEXT satellites.   Originally anticipated for mid-April of 2017, the date has shifted due to a backlog in SpaceX’s launch manifest as a result of last


K Line’s CO2 Reduction Targets on Track

Graph: K Line America, Inc.

Kawasaki Kisen Kaisha, Ltd. (K Line) has announced that its CO2 reduction targets have been approved as "scientifically consistent" with the  2 degree centigrade  temperature  goal set by the COP 21 Paris Agreement.  


Wärtsilä joins battle against ocean plastics

Seabin prototype V4 Photo Wartsila

The Finnish technology group Wärtsilä has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans. The project aims at approaching the challenge from multiple angles with a key emphasis on


India Spends $ 20 mln towards Clean, Green Ports

Pon Radhakrishnan, Union Minister of State for Road Transport, Highways and Shipping, Government of India. Photo: Official Twitter page

 Under the Green Port Initiative (Swachh Bharat Abhiyan), the shipping ministry of India has identified 12 activities to make the Major Ports more clean and green from the environment perspective, stated the Minister of State for Shipping Pon. Radhakrishnan.   


Lockheed Martin Backs UK Cyber-Training Initiative

The British arm of U.S. defence major Lockheed Martin said on Friday it would back a UK government initiative to train students in cyber security to combat a growing skills gap in the area. Through the UK government's CyberFirst initiative


Indian Ports to Go Green

Indian Prime Minister Narendra Modi. Photo: PIB, Govt of India

 The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.    The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and


Training Program Seeks to Develop Alaskan Shipbuilders

Photo: Vigor

A new shipbuilding and repair training program in Alaska aims to develop an advanced manufacturing workforce comprised of state residents.   Shipbuilder and repairer Vigor has teamed up with the maritime workforce development network Maritime Works for a public


My Jobs: New App for Bureau Veritas Surveyors

Photo: Bureau Veritas

The latest digital development launched by Bureau Veritas (BV) supports in-service surveyors with a new mobile app for class and statutory surveys.   My Jobs is a mobile application developed by the Marine & Offshore division of BV to facilitate the survey process from end to end


Exercise Cutlass Express to Begin

Image USN

Maritime forces from East Africa, West Indian Ocean nations, Europe and the United States, as well as several international organizations, will begin the sixth iteration of the annual multinational maritime exercise Cutlass Express, Jan. 31.


Ships, Ports and People to be World Maritime Day Theme

Photo: International Maritime Organization (IMO)

 World Maritime Day 2017: Connecting ships, ports and people. The importance of coherent and connected development across all maritime sectors will feature strongly in IMO’s work this year, as the Organization focuses on its World Maritime Day theme “Connecting ships






 
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