Younger News

Thousands of Greek striking workers, students and pensioners marched through central Athens on Wednesday to protest over wages which they are not enough to cope with rising living costs.Ships remained docked at Greek ports and train services were halted as transport workers joined the nationwide strike by private sector union GSEE, Greece's largest.City transport was also disrupted as bus and taxi drivers halted operations for a few hours.Protesters marched to parliament around noon.

Ukrainian seafarers are experiencing increased levels of loneliness and depression amid fears of conscription if they return home as the war enters its third year, seafarer charity Stella Maris warns.Stella Maris regional port chaplains for Southampton and Southern ports, Charles Stuart and Gregory Hogan, who make multiple daily ship visits report Ukrainian seafarers are under increasing strain.“The initial stresses have been replaced by something else,” Hogan says. “At first…

Three years ago in March, Vuyk Engineering Rotterdam gained full independence, and since then, the company has taken strategic steps to chart its own course and strengthen its independent position within the maritime sector.After the closure of the Vuyk shipyard in Capelle aan den IJssel in 1979, marking the end of all shipbuilding activities, former employees established a new company: Vuyk Engineering and Trading. Founded on the principles of technical know-how combined with experience in cost calculation…

When discussing ship design, the maritime industry has been tossing around a number of new terms and definitions. Sustainability, alternative fuel “ready”, digitization and lifecycle are a few of the terms becoming more commonplace amid the industry’s search for zero emissions solutions. As IMO MEPC 80 meetings push emissions reduction to meet “well to wake” requirements, we will learn much of the challenge is tied to energy and infrastructure ashore. Electrification and the development…

Arsenio Antonio Dominguez Velasco has been confirmed as the next Secretary-General of the IMO. The IMO Assembly unanimously approved the decision of the Council at its 129th session on November 30.Dominguez Velasco will take up the office of Secretary-General on January 1, 2024, for an initial term of four years. He becomes the Organization's 10th elected Secretary-General.The outgoing Secretary-General, Kitack Lim, congratulated his successor on his appointment. "I am confident that the Membership as a whole has made a wise decision, and that Mr.

The physicist Max Planck (actually born as Marx Planck) is best known for the development of his universal constant that defines physics at the most basic level. It is an important number, and today it even defines the kilogram and therefore most engineering units. Regardless, in my daily life I have little use for it.Max Planks is less known for his Principle, which, to me, is much more useful and I encounter it almost on a daily basis. Max Planck provided this Principle in his Scientific Autobiography (and Other Papers…

Hamburg-based ship finance platform oceanis’s Q4 State of Ship Finance Report comes with a thank-you to shipping companies that are committed to the green transition.Over the past decade, oceanis has seen large changes to the ship financing landscape towards greener projects. The most obvious green financiers are the Poseidon Principles banks, the initiative launched in 2019 whose signatories manage 70% of the world’s shipping loans. At the same time, many other banks and funds are moving away from financing ‘brown’ assets and trades.

Frank Manning has quickly risen through the ranks during his eight years in the shipyard business, today serving as president and COO at Diversified Marine, Inc. (DMI) in Portland, Ore. Crucial along the way has been a passion for the business itself and the people that make it all possible.“The first day I walked in a shipyard I knew that I was in the right industry,” Manning said. “DMI has always been a relationship-based business. All of our customers are close friends, and we have relationships that are second to none,” he said.

“At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small,” says Filipe Gouveia, Shipping Analyst at BIMCO.Contracting of newbuild ships typically increases following periods of high freight rates. For capesizes, freight rates depend heavily on China, as 63% of their cargoes have China as their destination.

Established in 1907 as the Industrial Revolution arrived to Seattle, Markey is the oldest privately-held winch manufacturer in the United States today. The company was formed in the Georgetown District of what later became known as King County, Wash. The Markey sign above its original manufacturing plant, on Horton Street, is still retained, although Markey has since moved to its current facility on 8th Avenue South.Markey was a major supplier to the U.S. Navy in both world wars…

DDG 125 is named for Pfc. Jack Lucas, who served in the U.S. Marines during World War II, earning the Medal of Honor for his heroism at Iwo Jima, when he was just 17 years old. He is the youngest Marine, and the youngest service member in World War II, to be awarded the United States' highest military decoration for valor. In 1961, he returned to military service as a captain in the U.S. Army and trained younger troops headed for Vietnam. Lucas passed away on June 5, 2008, in Hattiesburg…

Yacht building and digitalization are strongly interconnected at Oceanco. For the Alblasserdam-based company it is even a precondition to continue to perform at top level."Our ambition is to build the owner’s perfect yacht and realize all their wishes, no matter how complex they may be. During the entire term of a project - from contract to delivery - the owner can still propose changes. To make that possible, you need an advanced system that helps with these processes," said Hans Bink…

Want to set yourself apart from the crowd? Institute of Chartered Shipbrokers Chairman Glenn Murphy offers this advice to young shipbrokers In the bustling world of global trade, shipbrokers play a crucial role in facilitating seamless transactions and ensuring the smooth movement of goods across vast oceans. As a shipbroker, you are at the heart of this dynamic industry, and staying ahead of the competition requires a strategic approach and a particular set of skills.Shipping does not stand still: shipbroking is a multifaceted skill which has always moved with the times.

The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes.According to the Carbon Emissions Index (CEI), a unique environmental benchmarking tool from Xeneta and Marine Benchmark, the trade corridor making the biggest emissions inroads was the US West Coast to the Far East lane, while Yang Ming emerged as the industry’s ‘emissions hero’ for the second consecutive quarter.The CEI is built on a foundation of real-time AIS data and individual vessel specifications…

Schmidt Ocean Institute announced that its newly refitted research vessel has been launched and is ready to be used by scientists worldwide to push the frontiers of deep sea expedition.Funded by Schmidt Ocean Institute founders Eric and Wendy Schmidt, the 110-meter global-class research ship, Falkor (too), was refit at Freire Shipyard in Vigo, Spain, with sea trials taking place off Puerto Rico. It will now embark on a series of expeditions and be available to scientists and technologists globally at no cost in exchange for making their research and discoveries publicly available.

While people in all generations measured themselves against eternal factors—fellow employees, family, their industry, etc.—Generation Z is fixated on measuring themselves against the world as seen through social media. Coaching them will help them begin to turn inward and measure success against their own goals. One of the keys to retaining your Gen Z workers will be in positively coaching them.Coaching should provide positive feedback about employee contributions. At the same time…

Marine Group Boat Works (MGBW), a family-owned boat repair and construction facility, is pleased to announce that 30 of its boatbuilders recently graduated from MGBW’s in-house Welding Certification Program. The Welding Program was launched in 2021 with support from a Small Shipyards Grant awarded by the U.S. Department of Transportation Maritime Administration (MARAD). In total, $859,250 was spent to develop the curriculum, secure an instructor, equip the welding classroom and…

Peter Twiss, the longtime president and CEO at German shipowner Oldendorff Carriers, has decided to step down after nearly 28 years with the company. Twiss is succeeded by longtime employee Patrick Hutchins.Twiss’ career started at Concept Carriers in 1995, a start-up company which was established by owner Henning Oldendorff as an operating arm, with the aim of moving closer to the cargo clients. Twiss quickly rose through the ranks, and after running Concept Carriers in the late 90s and being co-CEO of Oldendorff Carriers…

For companies active in all parts of the commercial maritime sector, finding and holding onto the workers they need to build, operate and service the industry’s wide range of vessels has been challenging. Simply put, the labor market is tight, and the problem is not getting any easier to solve.Mike Ellis, CEO at American Commercial Barge Line (ACBL), said a continued shortage of qualified personnel has been the most pressing issue for ACBL—and probably for the barging industry as a whole. “There's been so much demand on people.

The American Waterways Operators (AWO) is taking action to help address an industry need and a national imperative to recruit, retain and develop the next generation of maritime employees.As much as the tugboat, towboat and barge industry contributes to our nation’s prosperity and security today, we are an industry with an incredibly bright future that has even more to offer in the years to come. Our industry is uniquely positioned to be part of the solution as shipper-customers…

In addition to wind, offshore wind demands human energy, individuals with knowledge and skills first to build and then operate and maintain the dozens of projects required to meet President Biden’s 2030 goal of 30 GW of offshore generation. In an October 2022 National Renewable Energy Laboratory report – “U.S. Offshore Wind Workforce Assessment” – the authors estimate that it will require, on average, between 15,000 and 58,000 employees annually, depending on domestic content scenarios, to build out a huge new wind machine.Mariners and mariner training are integral to offshore wind.

The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change?The foundations of energy transition in the offshore and marine segment can be found at global, regional, national and local levels:At a global level, International Maritime Organization (IMO) measures cover vessel energy efficiency (for vessels over 400 gross tonnes) and carbon intensity (for vessels over 5…

The Singapore Shipping Association (SSA) announced its president Caroline Yang has been reelected for another two-year term.In addition, seven ordinary members of the SSA were first elected during the association’s 27th AGM on June 28. The 2023/2025 council also co-opted four members into their council. There are two more members that the elected council will need to co-opt into the council.Yang has been at the helm of the association through some of shipping’s most challenging times.