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
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
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 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
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
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
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.
“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
Austal launched the recently christened USNS Brunswick (JHSV 6) at its manufacturing facility in Mobile, Ala. With the 338-foot Joint High Speed Vessel entering the water for the first time, the ship will undergo final outfitting and testing before sea trials and delivery to the U.S
Danish marine electronics company Danelec Marine informs it will oversee a working group in the European Union (EU) EfficienSea2 maritime innovation project designed to increase safety of navigation and efficiency at sea. The EU this month approved and set aside $11 million to fund
The Department of the Navy (DON) launched its crowdsourced ideation platform, the "Hatch," May 20. The launch of the Hatch is part of the initiative to build a DON Naval Innovation Network (NIN). The Hatch is an accessible
Inmarsat has provided an initial update on the launch schedule for Inmarsat-5 F3 (I-5 F3) following the failure of the preceding Proton Breeze M launch from the Baikonur Cosmodrome in Kazakhstan on Saturday 16 May. According to an announcement by Inmarsat’s launch partner, ILS
Canada launches new Commercial Fishing Safety component of Boating Safety Contribution Program Canada’s Minister of Transport Lisa Raitt, joined by Members of Parliament from Atlantic Canada, announced a new Commercial Fishing Safety component of the Government of Canada's Boating
Bouchard Transportation Co., announced the launch of Barge B. No. 270, the first of two Articulated Tug Barge (ATB) units constructed by VT Halter Marine, Inc., a company of Vision Technologies Systems, Inc. The barge was launched at the Pascagoula Shipyard Operations in Pascagoula
North Korea recently conducted a third test of a new submarine-launched ballistic missile (SLBM) that is part of Pyongyang’s expanding nuclear arsenal, according to US defense officials cited by the Washington Free Beacon.
BSEE Director Brian Salerno announces key efforts to reduce risk offshore Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno made two announcements during a press conference in Houston Tuesday at the Offshore Technology Conference (OTC) - each aimed at reducing
North Korea has successfully test-fired a newly developed ballistic missile from a submarine in what would be the latest display of the country’s advancing military capability. The official Korean Central News Agency (KCNA) said that North Korean leader Kim Jong Un personally
South Korea plans to enable its citizens and foreign tourists to wager on new cruise ship services that will serve ports around the country, reports the Korea Joongang Daily newspaper. Some major overseas cruise companies – such as Genting Hong Kong Ltd’s Star Cruises
DNV GL Korea, the technical advisor to the oil and gas industry, has been awarded a technology qualification (TQ) contract with Korea Gas Corporation (KOGAS) for a FEED Package for a 5MTPA onshore LNG liquefaction plant based on the innovative KSMR liquefaction process.
In an initiative to raise awareness of potential hazards at sea, The Standard Club and the International Chamber of Shipping (ICS) have joined forces to launch a ‘Spot the Hazard’ competition open to any seafarer worldwide
In its efforts to limit peaks of trucks around the port area and balance their flow on city roads, International Container Terminal Services, Inc. (ICTSI) will be implementing a Container Booking System that will manage the arrivals and departures of trucks at its flagship
Evergreen Line announced it will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. Evergreen said this comes in view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries
The Navy conducted the first-ever, shipboard, full-speed catapult shots using the Electromagnetic Aircraft Launch System (EMALS) aboard the aircraft carrier Pre-Commissioning Unit (PCU) Gerald R. Ford (CVN 78), Naval Sea Systems Command announced May 15.