BCG Upgrades Virtual GMDSS Simulator
Buffalo Computer Graphics (BCG) Inc. released an updated version of its Virtual Global Maritime Distress and Safety System (VGMDSS) Simulation software. BCG’s VGMDSS software is comprised of emulations of commercially available components to make up a complete suite of virtual devices capable of conducting GMDSS training in all four sea areas. Designed to be installed on a Windows PC with a single or dual monitors…
Going Big for Sustainability
Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships, the Maersk Triple E class family, built by Korea’s Daewoo Shipbuilding. Orkot TXMM and TLMM bearings, with their track record of performance over 60 years, were developed to meet the requirements of ever changing markets. The synthetic composite bearing materials incorporate solid lubricants to provide exceptional wear resistance…
Marorka Opens Offices in Copenhagen
Marorka announced it is currently expanding following a substantial injection of funds. The expansion plan was approved and Marorka will extend its worldwide network in 2014. As a result, Marorka has opened Copenhagen offices in August 2014 and offices in Dubai and Athens will be strengthened by the end of 2014. The Singapore office will be in operation from November, and further plans are underway to open offices in Korea and China.
Chinese Manufacturing Expansion Affects Shipping Demand
The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry accounts for around 1/3 of the Chinese economy and is a relevant indicator to watch out for in the shipping industry. What goes on in the manufacturing sector affects demand for container shipping and dry bulk shipping primarily. China Manufacturing PMI is a leading indicator for economic activity and development in GDP.
Odfjell Finalizes LPG/Ethylene Joint Venture Deal
Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced that the transaction with Breakwater Capital and Oak Hill Advisors, L.P. has been closed. In accordance with the joint venture agreement, Breakwater Capital and Oak Hill Advisors, L.P. (acting through certain of its funds and accounts) have…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers
Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import…
NAVTOR, AWT Agreement Marks Next Step in E-navigation
NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services to offer route planning and decision making tools. As a result of the deal, AWT’s routing and optimization systems will be offered on NAVTOR’s recently launched NavStation software. NavStation operates as the world’s first “digital chart table…
Scanjet Secures 30-ship Tank Management Order
Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning…
DOF Installer Sells Offshore Vessel
DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer. According to the company, the sale will release approximately $1.7 million for the DOF Group after redemption of debt. Delivery to the new owners is expected late 2014.
Austal Launches Trenton (JHSV 5)
On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV 5) - the second Joint High Speed Vessel (JHSV) launched by Austal in 2014. This 103-meter high-speed catamaran represents the U.S. Department of Defense’s next generation multiuse platform. It is part of a 10-ship program worth more than $1.6 billion. The launch of Trenton was conducted in a multi-step process…
Henderson, Hanes & Associates Opens Doors in Miami
The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc. has merged with Sea3 Systems, Inc. to form Henderson, Hanes & Associates…
US Aircraft Carrier Crew Rescues Fishermen
Sailors and Marines aboard the U.S. Navy aircraft carrier USS Theodore Roosevelt (CVN 71) assisted two fishermen aboard a fishing vessel engulfed in flames off the east coast of Florida, Sept. 29. Theodore Roosevelt watchstanders spotted a rescue flare around 4:30 a.m. approximately 90 miles off the coast and coordinated rescue efforts with nearby Naval Air Warfare Center (NAWC) vessel 38 to assist two fishermen who had climbed into a life raft, the U.S. Navy said in press release.
Livorsi Launches New Throttle Lineup
Livorsi Marine introduced the all new Platinum Series throttles, which they say are designed to be more ergonomically comfortable to the operator while being lighter and more compact for fitting into tight spaces. The Platinum series is finished with a two-coat process which helps prevent corrosion and can be configured for single or multiple engine's for drives, transmissions, jet drives or buckets.
ITIC Urges Shipbrokers to Put it in Writing
ITIC has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full…
DryShips: Public Offering of Its Senior Secured Notes
DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company…
Water-cooled WGM Motors From WEG
WEG, a supplier of drive technology, introduced its water-cooled WGM motors to the shipbuilding industry for the first time at SMM 2014. The WGM water-cooled induction motors are compact, offer low noise emissions, provide optimal heat dissipation and are suitable for frequency inverter operation. As such, they are suitable for a wide variety of applications on ships or offshore platforms including drive systems for main or maneuvering propulsion, and for pumps or fans.
MTN Broadband Coverage Expanding
After launching its Terrestrial Broadband Network (TBN) just more than one year ago, MTN Communications (MTN) announces the number of TBN-connected cruise ships has doubled and covered regions have tripled. Since the MTN TBN kick-off in Alaska in the Summer 2013 cruise season, several MTN partners, including Norwegian Cruise Line and Princess Cruises, are leveraging this new technology to enrich their passenger and crew communications experience.
GAC Opens New Office In Antwerp, Belgium
A new office in Antwerp, Belgium, is the latest addition to global shipping, logistics and marine services provider GAC Group's global network of more than 300 offices.
Victaulic Debuts Delta-Y Assembly for Offshore
Victaulic introduces the Style DLY Delta-Y assembly, a combination of preassembled Victaulic cast grooved fittings, rigid couplings and butterfly valves. The Delta…