The Maritime Administration has approved the award of a new Maritime Security Program operating agreement to Ocean Shipholdings, Inc., a U.S. citizen-owned company. The new agreement, MA/MSP-108, provides for the operation of the product tanker Baltic Mariner in the MSP. Under the agreement, the vessel is required to re-flag under U.S. documentation and employ U.S. citizen merchant mariners. In addition to other specific commercial and military criteria, Ocean Shipholdings qualified for the award based on its status as a U.S. citizen-owned company as defined in Section 2 of the Shipping Act of 1916.
Late last month, NASSCO engineers placed the world’s first dual-fuel slow speed engine into the World’s First Liquefied Natural Gas (LNG) powered containership. The ME-GI engine represents the next generation of technology that will open the door to a cleaner and safer shipping industry, particularly in the United States. Doosan Engine built the 8L70ME-C8.2GI under license from the designer MAN Diesel and Turbo. The engine weighs 539 tons.
The Sustainable Ocean Summit 2013 (SOS 2013), organized by the World Ocean Council (WOC), is an international ocean business community gathering dedicated to industry leadership and collaboration in developing solutions to ocean sustainability challenges. Washington D.C. - April 22-24, 2013 The theme of SOS 2013 is “Oceans 2050–The Ocean Business Community and Sustainable Seas.” The SOS is designed for the diverse range of ocean industries: shipping, oil and gas
XPRIZE announced that team registration is open for the $2 million Wendy Schmidt Ocean Health XPRIZE, a competition to incentivize breakthroughs in ocean pH sensor technology that will radically transform our understanding of ocean acidification. Teams are expected to come from diverse backgrounds, ranging from nanotechnology and biotechnology to industrial chemistry and marine science -- from academic institutions, nonprofit organizations and small and medium enterprises
“Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical measure of their commitment to the triple bottom line – people, planet and profit. Stakeholders expect companies to develop sustainability and corporate responsibility programs and reporting as part of efforts to take up civil
The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010. "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the ocean-based industries’ contribution to economic output and employment) in 2010 at USD 1.5 trillion, or approximately 2.5% of world gross value added (GVA)
XPRIZE announced the launch of its next major competition: the $2 million Wendy Schmidt Ocean Health XPRIZE. On the heels of the successful Wendy Schmidt Oil Cleanup XCHALLENGE, the Wendy Schmidt Ocean Health XPRIZE aims to spur global innovators to develop accurate and affordable ocean pH sensors that will ultimately transform our understanding of ocean acidification, one of the gravest problems associated with the rise in atmospheric carbon dioxide (CO2).
With oceans considered by many as one of the last frontiers, the American Bar Association's new book “Zoning the Oceans: The Next Big Step in Coastal Zone Management’’ is intended to help experts and government planners use zoning as a vehicle for ocean development and management. It is claimed to be the first book to focus on new and emerging state ocean zoning programs in the context of recent developments in offshore coastal zone regulation at the state and federal
Crowley christens new ocean class, DP2 tugboat, Ocean Sun, in Louisiana As part of the company's new vessel build program, Crowley Maritime Corp. christened the latest of its four tugboats in the ocean class series, Ocean Sun, today in Lake Charles. The ceremony served to formally welcome the fourth dynamic positioning 2 (DP2) tugboat to the company’s expanded ocean towing fleet, which has been involved in most of the major offshore oil production installations in the U.S
The World Ocean Council (WOC) has announced its 3rd Sustainable Ocean Summit (SOS) to be held on 9-11 November, 2015 in Singapore. The SOS is the only international, multi-sector, business event dedicated to “Corporate Ocean Responsibility”. This first SOS to be held in Asia, the 2015 event is being developed in collaboration with stakeholders in Singapore, Hong Kong and responsible business leadership companies from around the world.
Australian Navy frigate, HMAS Parramatta has rescued three South African sailors from a stricken yacht approximately 1,300 kilometres southwest of Cape Leeuwin in Western Australia. The three yachtsmen of the 13-metre yacht activated an emergency response beacon late on 17 March
The new Nautican Research and Development manufacturing and integration facility in Summerside, Prince Edward Island, opened in December 2016 with the support of Babcock Canada and the provincial government. The first shipment, a set of rudders
A captain of the fishing vessel (F/V) Native Sun pleaded guilty in federal court in Seattle for discharging oily-waste directly into the ocean in violation of the Act to Prevent Pollution from Ships (APPS) and the federal conspiracy statute.
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. The world's biggest container shipper, Denmark's A.P
Global warming will disrupt four-fifths of the world's oceans by 2050 if greenhouse gas emissions keep rising, Reuter's quoted scientists as saying. The situation is threatening fish that are the main source of food for a billion people.
Esa Jokioinen leads Rolls-Royce Marine’s Blue Ocean Team, a team that looks five to 10 years into the future to evaluate evolving technology trends, helping to determine where the company will invest. Jokioinen sat in Maritime Reporter & Engineering News’ New York City headquarters
Sailing on the Indian Ocean off the coast of Western Australia in a Royal Australian Navy frigate is just another day in the life of Seaman Boatswain's Mate Paige Powers. After completing her initial recruit training at HMAS Cerberus in Westernport, Victoria
University of Miami Rosenstiel School of Marine and Atmospheric Science scientist Mark Donelan and his Norwegian Meteorological Institute colleague captured new information about extreme waves, as one of the steepest ever recorded passed by the North Sea Ekofisk platforms in the early
Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high. The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today
Natural swings in the Arctic climate have caused up to half the precipitous losses of sea ice around the North Pole in recent decades, with the rest driven by man-made global warming, scientists said on Monday. The study indicates that an ice-free Arctic Ocean
Acting Chairman of the U.S. Federal Maritime Commission (FMC) Michael A. Khouri has designated the agency’s Managing Director, Karen V. Gregory, to serve as Regulatory Reform Officer. Gregory will stand up a Regulatory Reform Task Force that will work to identify burdensome
Golden Ocean Group Limited said it has entered into agreements to acquire 16 dry bulk vessels,14 of which will be acquired from subsidiaries of Quintana Shipping Ltd., and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding Ltd
Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said. The pirates seized the Comoros-flagged Aris 13 tanker on Monday
Irving Shipbuilding Inc. said it has made a multimillion dollar investment to support marine innovation and commercialization in Nova Scotia and across Canada. The shipbuilder is investing $4.52 million in the newly established Centre for Ocean Ventures and Entrepreneurship (COVE)
DryShips Inc. has successfully completed the previously announced $200 million common stock offering, in which the Company raised net proceeds of $198 million, pursuant to the prospectus supplement filed on February 17, 2017. Following the completion of the offering