HMM Seeks New Buyer for Broker Stake
South Korea's Hyundai Merchant Marine Co Ltd (HMM) plans to seek another buyer for its majority stake in stock brokerage Hyundai Securities Co Ltd , an HMM spokesman said on Monday.
SMM Hamburg Opens the Door for Iran
For the first time after the end of the trade sanctions, Iran will be represented by a national pavilion at international maritime trade fair SMM Hamburg. “An industry fair is a great platform for building new relationships and getting to know each other,” said Bernd Aufderheide, President and CEO of Hamburg Messe und Congress GmbH. From September 6 to 9, 2016, Iran will showcase its capabilities in an area of its own.
Distressed Freighter Could Ground if Salvage Fails
A stricken cargo ship drifting on its side off the French Atlantic coast will run aground in southwest France if a renewed attempt to tow it to port fails on Monday, a French maritime official said.
Polarcus Announces Further Job Cuts
Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term plan that aims to help Polarcus withstand a prolonged difficult market as well as to take advantage of opportunities in this volatile environment, the company explained.
China: U.S. Seeks "Hegemony" after South China Sea Sailing
China accused the United States on Monday of seeking maritime hegemony in the name of freedom of navigation after a U.S. Navy destroyer sailed within 12 nautical…
Sunken Tug to Be Removed in Alaska
The U.S. Coast Guard received approval for removal and destruction of tugboat Challenger under the Federal Water Pollution Control Act (FWCPA). An incident command…
China to Implement Emission Control Measures
The Chinese Ministry of Transport has announced that from April 1, 2016, vessels ‘at berth’ at the core ports in the Yangtze River Delta (YRD) emission control area…
SharpEye Radar for Trinidad & Tobago CG Patrol Craft
Kelvin Hughes, a designer and supplier of navigation and security surveillance systems, announced the installation of its new SharpEye upmast radar system on four new vessels commissioned by the Trinidad and Tobago Defence Force. The Damen Stan Patrol 5009 Coastal Patrol Vessels are all now fitted with a Kelvin Hughes Advanced Surveillance System incorporating a SharpEye X-Band radar, located upmast in a carbon composite housing with a stealth profile, as well as a tactical radar display.
Safety Milestone for Maydon Wharf Infrastructure Upgrade
Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time injury (LTI) on the reconstruction and deepening of Maydon Wharf Berth 1- 4, 13 & 14 Project. Shane Perumal, Project Manager, said, “There has been a huge safety commitment from the project managers…
Cameras Chosen for Canada's Arctic Patrol Ships
Kongsberg Maritime has announced that it has been selected by L-3 MAPPS to provide the CCTV system for the Royal Canadian Navy’s (RCN) new class of Arctic Offshore Patrol Ships (AOPS). L-3 MAPPS is one of the Tier 1 suppliers to Irving Shipbuilding, Prime Contractor delivering the AOPS vessels as a part of the National Shipbuilding Procurement Strategy (NSPS). Kongsberg Maritime has over 70 employees in Dartmouth, Vancouver and St. Johns, 190 employees in the U.K.
MSC Confirms 4 Ship Order From STX France
Cruise ship company MSC Cruises confirmed orders for four ships in a 3-billion-euro ($3.26 billion) deal that will secure thousands of jobs at the STX shipyard in St-Nazaire in the west of France.
Baltic Index Slides to New Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, touched a new all-time low on Monday as concerns of weak…
This Day In US Naval History - February 1
1800 - USS Constellation engages French frigate La Vengeance in a 5-hour battle during the Quasi War. 1902 - USS Plunger (SS-2), the lead ship of the Plunger-class submarine, launches. She is commissioned Sept. 19, 1903, at the Holland Company yard at New Suffolk, Long Island, N.Y. Ensign Chester W. Nimitz is the submarines final commander when Plunger is decommissioned Nov. 6, 1909 at the Charleston Navy Shipyard.
Atlantis Tankers Orders 10 Optimarin BWTS
Optimarin has consolidated its position within the EX approved ballast water treatment (BWT) segment with a 10 vessel contract from Atlantis Tankers Group and its management arm Armona Denizcilik, the company announced. The Norwegian BWT specialist will now provide its solution to two newbuildings and the eight existing vessels in the Turkish controlled fleet. Optimarin is the first UV system supplier to pass the USCG’s marine water tests, with full USCG approval expected this spring.
Damen TSHD Launched at Krasnoye Sormove Shipyard
A Damen Trailing Suction Hopper Dredger (TSHD) 1000 was launched at the Krasnoye Sormovo Shipyard on January 29. The TSHD, named Sommers, is the lead vessel of a series of three TSHDs 1000 being built for Rosmorport. The TSHDs are scheduled for delivery this year, the contract between Rosmorport and Krasnoye Sormovo Shipyard having been signed in April 2014. Keel laying of the Sommers was held in November 2014. The other two dredgers are to be named Kronshlot and Kadosh respectively.
NVOCCs Form US-South-Africa Partnership
CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, has entered a partnership with Thrutainers International, an established NVOCC in South Africa.
GE Extends Royal Canadian Navy Contract
GE Canada announced it recently extended a contract with Public Services and Procurement Canada to provide maintenance and logistics support services for a 15th year. The contract covers the Royal Canadian Navy’s (RCN) fleet of LM2500 aeroderivative gas turbines that power Halifax-class patrol frigates. “We are now in our 15th year and fourth extension on a contract awarded by Public Services and Procurement Canada.
Danish Maritime Aims to Boost Cooperation with Ghana
The Danish Maritime Authority (DMA) was in Ghana January 18-21 to identify potential areas of cooperation that may promote maritime growth in Ghana and, simultaneously, be of benefit to the Danish business sector. The purpose of the cooperation between the Danish and Ghanian authorities is to use the Danish experiences and positions of strength to build a framework for sustainable growth and employment in the Ghanian maritime sector.
US Firm Sentenced for Lumber Smuggling
Virginia-based company Lumber Liquidators was sentenced today to $13.2 million in fines and forfeitures for importing illegal wood and submitting false declarations under the Lacey Act…
DEME Orders Trailing Suction Hopper Dredger
With the order of the Bonny River at Royal IHC, the Belgian dredging, environmental and marine engineering group DEME is investing in a new generation of trailing suction hopper dredgers which will be trendsetting in coastal protection and dredging hard soils. Thanks to the combination of unique characteristics such as an extremely long suction pipe, a large transport capacity with limited depth and an additional heavy duty rock draghead…