London Marine Insurers Widen Middle East Threat Zone After Ship Attacks
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah…
Energy Storage Life Cycle Cost Study
Diesel electric propulsion is a concept that uses an electrical power generation plant to deliver power to the propulsion unit. Case studies show reductions in fuel and maintenance costs with such systems. Those improvements can be further enhanced by the addition of an energy storage system to the vessel.This case study provides a cost benefit analysis of an energy storage system for a vessel owner using a real-world operational profile and case study.
Naval Group Might Look at Thyssen's Marine Unit
France's Naval Group would consider buying Thyssenkrupp's marine division if the German steel-to-submarines conglomerate were to offer the unit for sale, a German…
EnscoRowan Wins Arbitration Against SHI
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean…
LR Gets Italian RO Status
The maritime classification society Lloyd’s Register (LR) has been awarded recognized organization status by the Italian flag administration and is now authorized…
DNO Completes $400mln Bond Placement
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five…
Maersk in Sale, Leaseback Pact with ICBC
Danish tanker shipping company Maersk Product Tankers has just entered a sale-and-leaseback agreement for four medium range (MR) vessels with the Chinese bank, Industrial…
Maersk Adds APM in Logistics Division
A.P. Moller - Maersk said it will integrate APM Terminals' Inland Services division into Maersk's Logistics and Services division beginning August, providing customers…
EC Launches Blue Economy Report
European Commission launches the second edition of its Blue Economy Report during the 2019 European Maritime Day conference in Lisbon.Commissioner for Environment…
PSA, SATS Mull Multimodal Transport Hub in Singapore
Port and terminal operator PSA International and ground handler and in-flight caterer SATS have signed a Memorandum of Understanding (MoU) to collaborate in seamlessly…
Tanker Rates Firming Up: Frontline
The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. is the world's largest…
Simec Inks Technology Partnership with GE
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its…
20 May is the European Maritime Day
The Maritime Day was established in 2008 by the European Council, the European Parliament and the European Commission as part of the European Union (EU) Maritime…
Singapore Opens 24/7 Maritime Cybersecurity Center
Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC) yesterday (May 16).
Energy Firms Lack in Digital Skills: DNV GL
91% of energy companies say digital skills training is needed, data science and big data analytics identified as most important digital skillsets & 65% of organizations…
IMO Workshop on NMTP in Caribbean
The Caribbean Country of Saint Kitts and Nevis is the latest country to benefit from International Maritime Organization (IMO)’s work promoting good maritime governance…
ZEABORN Acquires CPO Tankers
The international law firm Watson Farley & Williams (WFW) advised Bremen-based Breakbulk shipping line Zeaborn Group (ZEABORN) on its acquisition of Claus-Peter…
New Lake Assault Boats Fireboat
The Rabun County Fire Services, located in the northeast corner of Georgia, has placed a Lake Assault Boats fireboat into service on Lake Rabun, an 835-acre reservoir with 25 miles of shoreline. The new craft provides fire suppression and emergency response services for homeowners, visitors, and Georgia Power facilities located on the lake.“The combination of hydroelectric plants and a growing number…
RINA Reports 2018 Revenues at $491 million
The 2018 consolidated financial statements for RINA S.p.A., approved today, reveal revenues of $491 million in line with the previous year and an EBITDA of $57 million.RINA concentrated on improving performance during 2018, achieving a 9% year-on-year increase in contribution margin to 19.3%, and on maximizing the company’s potential. A new model was developed focusing on RINA's five core business…
Lim to Outline Future of Ocean Regs at Nor-Shipping
Kitack Lim, Secretary General of the International Maritime Organization (IMO), will be taking the stage at Nor-Shipping 2019’s Ocean Leadership Conference on June 4, to talk about the future of maritime regulations. Lim will join an elite group of global thought leaders at the Thon Hotel Arena Lillestrøm, adding to a program designed to deliver insights on issues ranging from cyber security, to economic strategy…
