Offshore Wind Turbine Installation Vessel Order for COSCO
COSCO Shipyard Group Co., Ltd., has signed a contract valued over US$150 million with an European shipowner to build a vessel specially designed for the purpose…
Shipbuilding – China Stuggles to Keep Pace with Korean Yards
South Korean yards took market share from Chinese yards in 2011 according to a recent report in the Danish Ship Finance Review. South Korea secured new orders of…
Software Radio Technology Wins Big Russian AIS Contract
Software Radio Technology plc (“SRT”} announce it has signed an AIS supply agreement with Transas Navigator (“Transas”) of Russia with an initial frame order for…
Costa Concordia – All fuel oil removed
SMIT Salvage successfully completed its assignment on the removal of fuel from the Costa Concordia. Over the last couple of days, the SMIT Salvage diving team was transferring HFO from the last settling tank in the engine room. Early this morning, the last tanks were completed, closed and sealed off. The entire oil removal process which lasted just over one month went smoothly and was executed in line with expectations.
Piracy – EU Naval Force Extends Mission, Sends Ships
The decision to extend the mission will enable Operation Atalanta Forces to work directly with the Transitional Federal Government and other Somali entities to support their fight against piracy in the coastal areas. In accordance with the relevant UN Security Council resolutions, the Somali government has notified the UN Secretary General of its acceptance of the EU’s offer for this new collaboration.
Shipbreaking Laws to be Tightened by European Union
The European Commission has proposed new rules to ensure that European ships are only recycled in facilities that are safe for workers and environmentally sound.
Ballast Water Treatment – USCG Amending Regulations
The Coast Guard is amending its regulations on ballast water management by establishing a standard for the allowable concentration of living organisms in ships'…
Report: Cameron Reaches Full Ocean Depth
According to a report on http://news.nationalgeographic.com, explorer and film maker James Cameron has arrived at the Mariana Trench's Challenger Deep, members of…
WISTA Japan Debuts at Executive Committee Meeting in Singapore
Karin Orsel, President of WISTA (Women’s International Shipping & Trading Association) announced during the recent WISTA Executive Committee meeting the formation of WISTA Japan. This brings the total number of WISTA chapters to 34 globally. “One of the highlights of this meeting in Singapore was the official founding of WISTA Japan. Thanks to the commitment of Yoriko Ishida, and Shoko Kaminori, Japan now is the 5th Asian country with its own WISTA Chapter” stated Orsel.
Tug Fleet Overhaul Commences
The Great Lakes Towing Company has commenced a major overhaul program for its Great Lakes fleet of 37 harbor assist tugboats. The ILLINOIS is the first of the Company’s tugs to undergo this overhaul at the Company’s new Cleveland shipyard. The new 770-ton Travelift; the largest on the Great Lakes, second largest in the Western Hemisphere, and the third largest in the World; permits the yard to “dry dock” on land several vessels at a time.
CMB Acquires Dry Bulk Asset
The Board of Directors of CMB met pursuant to the provisions of the Belgian Code of Companies relating to the existence of conflicts of interest and authorized the…
Construction Begins on Next-Generation Ferry
The first arc welds on the keel of Washington’s new 144-car ferry will be made later this month by the leaders of the state Legislature transportation committees, Sen. Mary Margaret Haugen of Camano Island and Rep. Judy Clibborn of Mercer Island. The two legislators will join Washington State Ferries officials and ship workers at 11:30 a.m. Thursday, March 29, to commemorate the moment when the vessel’s keel is laid in place at Vigor Industrial’s Harbor Island shipyard in Seattle.
Navy League: Jones Act Vital to National Security
Navy League Policy statement Says Jones Act Vital to National Security. A recently released annual policy statement from the Navy League of the United States, Maritime Primacy & Economic Security, says the Jones Act is critical to U.S. economic, homeland and national security – serving the nation by maintaining a skilled merchant marine, shipbuilding capacity and sea lift capability. The policy statement says the Navy League supports “The Jones Act and Passenger Vessel Act…
Big Ideas Sometimes Come in Small Packages
Hyde Marine’s chemical-free, IMO Type Approved ballast water treatment solution packs performance in a smaller footprint. That’s good news for small vessel operators…
Duarte Tapped as AAPA 2013 Chairman
AAPA Elects Armando Duarte of Santa Marta, Colombia, As 2013 Chairman. The American Association of Port Authorities (AAPA)—representing the interests of seaports throughout the Western Hemisphere—this week during its Centennial Spring Conference board of directors meeting in Washington, D.C.—elected Armando Duarte-Peláez as its next chairman of the board. Mr. Duarte- Peláez’s one-year term will begin the last day of AAPA’s 101st Annual Convention in Mobile, Ala., which runs Oct. 21-25, 2012.
Bow2Stern Widens Customer Base With Acquisition
Bow2Stern/Engine Starting Products Announces Asset Acquisition of L&H Electric Co. Inc. Bow 2 Stern Services / Engine Starting Products and its owners Harry “Buster”…
Kvichak Launches Patrol 28 Vessel
Kvichak Marine Industries recently constructed and launched a new vessel at their facility in Seattle, WA. The Patrol 28 is an all-aluminum vessel designed by Kvichak/Amgram Ltd., UK for effective operation in port and coastal waters, including shallow areas throughout the world. The parent design is based on the Offshore Raiding Craft from Holyhead Marine, UK for the UK Royal Marines. Missions for the Patrol 28 include search and rescue, border patrol and maritime security.
Yacht Club Adds Electric Boats to Fleet
Vantage Yacht Club Adds Sustainable Electric Boats to Its Rental Fleet. Vantage Yacht Club, the premier fractional club offering shared yacht ownership and creator of the Yacht Card…
XL Group’s Ocean Marine Unit Expands Brown Water Business
XL Group plc’s North American Marine business has boosted its underwriting expertise with the addition of Chris Cooke who has joined as Vice President, Hull and Liabilities.
Moore Stephens: UK Budget "encouraging" for Shipping
INTERNATIONAL accountant and shipping adviser Moore Stephens says the UK Budget 2012 contains some encouraging signs for the shipping industry. The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case.
