Capital Product Partners Adds Two Vessels, Sells One
Greece-based international diversified shipping partnership Capital Product Partners announced the completed acquisition of the M/T ‘Aristaios’, as well as the sale…
ABS Excels in Marine Safety Standard
ABS announced it had zero work-related lost time incidents during 2017. The corresponding Lost Time Incident Rate (LTIR) of 0.00 represents a significant milestone…
India Launches Third Scorpene Submarine 'Karanj'
The Indian Navy’s third state-of-the-art Scorpene class submarine, INS Karanj, was launched by Reena Lanba, wife of Chief of Naval Staff Admiral Sunil Lanba, , at…
Hapag-Lloyd North America President Freese Retires
Wolfgang Freese, President Region North America, will be retiring after almost five decades with Hapag-Lloyd. Freese began his career in the shipping company in…
Data Models for Maritime E-Business
Effective global electronic data exchange for ships entering and leaving ports depends on standardized and harmonized practices for data exchange. This can include…
GoodBulk Takes Delivery of Two Capesizes
Greek dry bulk owner Goodbulk announced that in January it took delivery of two Capesize vessels and sold another one Capesize. The Company took delivery of the Aquaproud…
Maritime Shipping Market Brightened: NYK Line
Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) said that conditions in the maritime shipping market were positive overall during the nine-month period of the fiscal year ending March 31, 2018.
Maersk Line to Start New Asia-Latin America Service
Maersk Line announced the launch of the new Asia – Latin America / West Coast South America services. The service will provide Maersk Line’s customers with new direct products for Colombia…
Jason Marine CEO to Retire
Joseph Foo Chew Tuck will take over as chief executive officer at Singapore based marine electronics systems integrator Jason Marine Group, following the retirement of long-serving CEO Ronald Tan Lian Huat. On March 31, Ronald Tan Lian Huat will step down as a director of the Jason Marine and its subsidiaries and associated companies after more than 35 years with the group. Company founder Joseph Foo Chew Tuck…
China Seeks to Strengthen Financial Services to Maritime Sector
China’s central bank on Thursday issued guidelines to strengthen financial services for maritime sector development, part of China’s efforts to build the country into a maritime power. China will support maritime firms to raise funds through capital markets, according to the statement jointly issued by eight government agencies, including the People’s Bank of China and State Oceanic Administration.
Vietnam Arrests Ex-chairman of State Shipbuilding Firm
Vietnam has arrested a former chairman of state-owned Shipbuilding Industry Corporation (SBIC) for alleged abuse of power, police said on Friday, as the Southeast Asian nation cracks down on graft. A spate of high-profile arrests has shed light on graft, mismanagement and nepotism in state firms at a time of accelerating privatization, while spotlighting the ascendancy of a more conservative faction in the ruling Communist Party.
Rand Logistics Files for Chapter 11 Bankruptcy
Rand Logistics Inc, one of the largest bulk freight shipping providers in the Great Lakes region, filed for Chapter 11 protection on Tuesday after agreeing to a…
The Role of Safety in the Offshore Environment
On rigs and offshore vessels, the safety of crew and passengers is a top priority in the energy industry. However, with the particularly hazardous environments of remote offshore worksites, accidents can happen, and it’s up to the operators to ensure their crew members are well-equipped to handle an emergency situation. One of the ways they can provide safe conditions on their assets is to invest in the newest…
Shell Makes Big Deepwater Oil Discovery in Gulf of Mexico
Oil major Royal Dutch Shell said its U.S. unit had made one of its biggest oil discoveries in the past decade in the Whale deepwater well in the U.S. Gulf of Mexico.
Refurbished Tug James T Ready for Work
This winter will see the tug James T (ex PT Thompson) back at work after a major refurbishment. The James T, named for the founder of Campbell Towing, James T. Campbell, was built in 1982. The 85.4 by 32.3-foot tug had been powered by a pair of 1,000 HP Cat 3512 engines; these were replaced by a pair of bright red EPA Tier III-compliant 1,000 HP Cummins QSK38 mains. Both the old and the new engine sets turned into Twin Disc MG540 gears with 6.18:1 rations.
President Trump: "End Sequesteration"
In his first State of the Union Speech from the U.S. Capitol on January 30, 2017, President Donald J. Trump called for Congress to act to end Sequestration, freeing funds for the U.S. military to, among other things, build the 355-ship Navy. The Sequestration has been a hot-button topic for many years in U.S. shipbuilding circles, and in a recent interview with Maritime Reporter & Engineering News…
General Atomics Wins Navy Contract
General Atomics Electromagnetic Systems (GA-EMS) won a contract from the U.S. Navy through the Defense Ordnance Technology Consortium (DOTC) to develop advanced…
Subchapter M: Top 5 Moves to Make Now
In 2004 Congress reclassified towing vessels as vessels subject to inspection. Thus began a lengthy process of regulation drafting by the U.S. Coast Guard, with a great deal of input from the towing industry. In 2011, the Notice of Proposed Rule Making was published giving the public its first look at what has become known as Subchapter M. Over 3,000 comments were received by the Coast Guard on the Proposed Rule.
BP Says Gas will Overtake Oil as Main Energy Source by 2040
BP expects gas to overtake oil as the world's primary energy source in around 2040 as demand for the least polluting fossil fuel grows, its vice president for strategic planning said on Wednesday. "We see it (gas) take over from coal in the early 2030s... We think there is a very good case for gas actually overtaking oil post 2040 or just before 2040," Dominic Emery told a gas conference in Vienna.
Uzmar to Build Escort Tug for Saam Smit Canada
Turkish shipbuilder Uzmar Shipyard has inked a deal with Saam Smit Canada Inc. (SST Canada), a joint venture partnership between Boskalis of the Netherlands and Saam S.A of Chile, for the construction of a new escort tug for operations in British Columbia, Canada. Designer Robert Allan Ltd. said the state-of-the-art RAstar 3200-W tug will be capable of safely performing all ship-handling roles, including berthing, unberthing and escort duties, including in heavier weather conditions.