Partners Aim to Encourage Maritime Entrepreneurs, Innovation
SUNY Maritime College and EEX Maritime Oy, of Finland, will be working together to encourage entrepreneurs and technological innovations in the maritime industry.
PANOLIN HLP SYNTH 32 Obtains RDE 90235
PANOLIN HLP SYNTH 32 is the first and so far only eco-friendly hydraulic oil to feature in the Bosch Rexroth RDE 90245 Fluid Rating List. “Yet again, we have proven that our biodegradable products such as PANOLIN HLP SYNTH 32 also meet the highest industry requirements,” said Patrick Lämmle, Chairman of the Board of Directors of PANOLIN International. “PANOLIN HLP SYNTH is the first rapidly biodegradable hydraulic oil to obtain the Fluid Rating (ISO 15380 in combination with RFT-APU-CL test)…
EPA Paves Way for Stalled Mine in Alaska
U.S. environmental regulators have cleared the path for a stalled copper and gold mine in Alaska by agreeing to settle current lawsuits and other issues over the project…
Caterpillar Marine Plans LNG Test Site
With eyes on the future of liquefied natural gas (LNG) in the maritime sector, Caterpillar Marine said it will unveil a first-of-its-kind LNG test bed for gas-fuelled engines at its facility in Kiel, Germany where the company will aim to improve understanding of related technology and enhance its services to clients adopting LNG solutions. According to Caterpillar, the site will focus on familiarizing its personnel with LNG capabilities…
Late & Overweight: Germany's New Frigates Found Wanting
Germany's much-delayed new frigates, built by ThyssenKrupp and Luerssen for at least 650 million euros ($710 million) apiece, are overweight and float with a persistent list to starboard, according to a confidential report seen by Reuters. The ships, designed to need a crew of only 120, less than half their predecessors, are a crucial element in Germany's plans to beef up its military to face an increasingly uncertain European security landscape and a more assertive Russia.
Costa Concordia Captain Sentenced to 16 Years in Prison
The former captain of the Costa Concordia cruise liner was sentenced to 16 years in prison on Friday by Italy's highest court for his role in the 2012 shipwreck, which killed 32 people off the island of Giglio, a court official said. Francesco Schettino was originally found guilty in 2015 of manslaughter, causing a shipwreck and abandoning his passengers. Friday's ruling exhausted his appeals process, with the court rejecting his claim that others bore the blame for the disaster.
Arctic Council Meeting Stirs Hidden Tensions
As foreign ministers from countries with territory in the far North celebrated an agreement on fighting climate change this week, one topic seethed below the surface: growing competition for Arctic resources and sea lanes as the ice melts. Russia, one of eight members of the Arctic Council which includes the United States, Canada and the Nordic countries, has been pouring money and missiles into the Arctic as well as reopening and building bases there.
IMCA Supports CBP's Jones Act Decision
The International Marine Contractors Association (IMCA) welcomed withdrawal of the Customs and Border Protection (CBP) notice to revoke and modify rulings relating to offshore vessels under the Jones Act. Allen Leatt, Chief Executive of IMCA, explained, “Members of the International Marine Contractors Association with vessels active in U.S. waters, together with their clients, welcome the decision by the U.S.
Canada to Ban Tankers off North British Columbia
Canada's Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the British Columbia province, the country's transport department said on Friday, delivering on an election promise. Canadian Prime Minister Justin Trudeau ordered the ban soon after the election in 2015, in which he took power on a pledge to balance resource development with protecting the environment.
Newbuild Tonnage: Greece Leads the Way in 2017
Globally 119 new bulkers and tankers have been ordered since the start of 2017, according to data compiled by VesselsValue Deals. Of those orders, 35 come from Greek ship owners (14 bulkers, 21 tankers) – by far the most of any nation. After Greece, the U.S. is second with 14 vessels ordered in 2017, followed by Singapore (10), Noray (8) and the Netherlands (6). The imbalance of supply and demand between…
Riverboat American Duchess to Launch in August
The American Queen Steamboat Company, owner and operator of the American Queen and American Empress, will launch service on its new American Duchess when it sets sail from New Orleans on Aug. 14, 2017, following its christening a day earlier. The all-suite, 166-guest American Duchess will be the first purpose-built boutique paddle wheeler offering guests the largest suites on the Mississippi River.
Italian Submarine Romeo Romei Delivered
The submarine Romeo Romei was delivered at Fincantieri’s shipyard of Muggiano, La Spezia. It is the last of the four U212A Todaro class twin units ordered from Fincantieri by the Naval Armament Unit – NAVARM for the Italian Navy. Romeo Romei, as its twin unit Pietro Venuti delivered last July at the Muggiano shipyard, features highly innovative technological solutions. It is entirely built with amagnetic material, using the most modern silencing techniques to reduce its acoustic signature.
New Floating Dry Dock for Marisco in Hawaii
A new concrete floating dry dock has been launched by Singapore marine engineering company GL Engineering & Construction Pte Ltd (GL E&C). Built in Batam, Indonesia with a local subcontractor, the $12 million dry dock named Peleke Nui has been commissioned by an American company, Marisco Limited. for the construction, maintenance as well as repair of ships and naval crafts, serving international clients from the owner’s base in Hawaii.
Euroseas Sees Improvement in Cargo Shipping
The beginning of 2017 found both the drybulk and containership markets recovering from the historical low levels observed during 2016, says Euroseas Chairman. Aristides Pittas, Chairman and CEO of Euroseas said that the drybulk market improved rapidly during the last two months of 2016 and throughout the first quarter, although it has recently lost some of the gains achieved. The containership market improved more gradually starting in February 2017…
US, Singapore, Thai Navies Complete CARAT
Ships from the Republic of Singapore navy, Royal Thai navy and U.S. Navy completed a three-day multilateral Cooperation Afloat Readiness and Training (CARAT) exercise in the South China Sea May 12. The three-day exercise included a broad spectrum of naval competencies and maritime security training aimed at enhancing cooperation and interoperability amongst the three navies. The navies are long-time maritime partners under the CARAT series…
Strong Results for Skuld on 120th Anniversary
Skuld has announces a total combined ratio of 98%, as well as a positive bottom line result of USD 51 million (USD 18 million in 2015 before members' credit) for its 2016 financial year ending 20 February 2017. Gross earned premium in 2016 amounted to USD 403 million. For the 14th consecutive year Skuld has reported a positive underwriting result. Added to that was a strong 3.4% return on investments, particularly on the equity portfolio towards the end of the policy year.
TEN's 15-Vessel Newbuilding Program Nearing Completion
Greece-based Tsakos Energy Navigation (TEN) said that its 15-vessel newbuilding program is nearing completion with the final three aframax tankers expected to be delivered in the coming months. In the second half of the year, with all vessels delivered and 77% of the fleet on full utilization contracts, TEN's industrial shipping strategy will be at full throttle. In line with the programmed deliveries…
OOCL Hong Kong Christened
Orient Overseas Container Line (OOCL) announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries (SHI) shipyard on Geoje Island on May 12. The OOCL Hong Kong was also celebrated as one of the largest containerships in the world by carrying capacity, and will be a welcome addition to strengthening the OOCL fleet this year. In his ceremonial remarks, C.
USS Abraham Lincoln Achieves Redelivery
The USS Abraham Lincoln (CVN 72) was redelivered to the fleet May 12, marking the successful completion of its refueling and complex overhaul (RCOH) carried out at Newport News Shipyard. At sea for the first time since March 2014, the crew conducted rigorous tests of engineering components, the modernized combat systems suite and flight deck equipment that supports Lincoln's mission at sea. Damage…
Cochin Shipyard Builds 4 Ships for Andaman & Nicobar
Government of India-controlled Cochin Shipyard Ltd is constructing four passenger-cum – cargo vessels for Andaman & Nicobar Administration under the ‘Make in India’ initiative of Government of India. As per orders placed by the A&N Administration, two of these vessels will have a capacity of 500 persons-cum-150 tonne cargo and the remaining two will have a capacity of 1200 persons-cum-1000 tonne cargo.