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Initiative Launched

Economou Backs $300m Green Recycling Initiative

George Economou and broking house Banchero and Costa Spa have both invested in the Green Recycling Initiative launched two weeks ago. The $300m GRI aims to integrate the needs of steel producers to be able to produce ethically sourced steel from traceable scrap and the needs of shipowners to recycle ships in a more environmentally friendly manner. The launch investors were Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management. The Green Recycling Initiative (GRI) is building a fund to buy around 120 obsolete ships during 2009/10. Investors will be drawn from both the shipping and steelmaking industries. It will begin recycling these at established environmentally friendly ship recycling yards run by the International Ship Recycling Association while it builds its own recycling facility. Both Cardiff Marine and DryShips are global shipping transportation companies specializing in the management and transportation of various commodities in both the drybulk and the energy sector. The fleet managed by Cardiff Marine is in excess of 10 million deadweight tons. Banchero and Costa Spa is one of the world's leading maritime broking houses and shipping services groups. It has offices in Genoa, Monte Carlo, London, Geneva, Moscow, Hong Kong and Beijing. The Green Recycling Initiative is a Singapore-based company specifically formed to buy and recycle ships and to trade steel scrap on a global basis


Swedish Shipping Joins Fossil Free Initiative

Image: Svensk Sjöfart (Swedish Shipowners Association)

 The Swedish Shipowners Association has expressed its disappointment that shipping was not included in the new climate agreement that was struck in Paris by countries represented at the United Nations Framework Convention on Climate Change.   They believe that delegates in Paris failed to seize the moment to make a direct statement to the shipping industry about its commitments, and that more needs to be done to tackle the climate challenge.  


CSI Achieves Major Milestone: 20 Ports In

U.S. Customs and Border Protection (CBP) Commissioner Robert C. Bonner and Vassilios Manolopoulos, Director General, of the Greek Directorate General of Customs and Excise announced that CBP officers have been deployed to the port of Piraeus as part of the Container Security Initiative (CSI) and that CSI has become operational there. As part of the CSI program, CBP officers are working with host government personnel as part of CSI


One Voice: CESA & EMEC Unite

One voice for the European Shipbuilding and Maritime Engineering and Manufacturing Industry.   The European shipbuilders and the maritime engineering and manufacturing companies share common interests, concerns and policy objectives. They serve global, highly competitive markets with the highest technology requirements. Under the given conditions, European enterprises succeed based on know-how, innovation, productivity, quality, service and full customer satisfaction


Bourbon Strives for Fuel Consumption Savings

Bourbon-Axelle1.jpg

Optimizing the crewboat's fuel consumption - BOURBON promotes best practices and organizes a competition.   With over 3 million people carried in 2011, the transport of personnel is at the forefront of BOURBON’s activities. Following directly on from the initiative launched in Gabon in 2010, from February 1 to May 1, 2012, BOURBON organized a competition for Surfers in Congo, aimed at cutting the hourly fuel consumption of personnel transport vessels operating out of the country.


Drydocks World & DMC to build 1st LNG-powered tug

Eco Tug

  Drydocks World and Dubai Maritime City (DMC), the leading provider of services to the shipping, maritime, oil, gas & energy sector is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai.  As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the


National Initiative Launched by Maritime Industry Leaders

NCCER_Logo_web.jpg

The high cost of recruiting, hiring and training  the thousands of skilled shipbuilding and repair professionals needed across the country each year, coupled with the need to increase productivity has left executives in the industry searching for answers.   In response to this need, industry leaders recently launched a national initiative called the Lighthouse Campaign.  On December 6-7, 2011, the leadership team of the Lighthouse Campaign sent representatives to a meeting at


Sustainable Shipping Initiative Launched in Singapore

Focus on sustainable shipping at Singapore event – Wärtsilä participates  The Sustainable Shipping Initiative (SSI) launched in Singapore recently is a series of practical, collaborative action plans aimed at developing a sustainable shipping industry for the future. Wärtsilä and other members have committed to deliver first results before the end of 2013. Presented as part of Singapore Maritime Week


First LNG Fuelled Tug for Middle East by Wärtsilä

The first LNG fuelled harbour tug in Middle East region will be designed by Wärtsilä and feature a full scope of Wärtsilä solutions.

  Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas. The order was signed in November. The 29-meter-long tug is the first of a series of nine such vessels to be built and operated by DDW


Volvo Penta’s Kull a Top Woman in Manufacturing

Marcia Kull (Photo: Volvo Penta)

The Manufacturing Institute to honor Volvo Penta’s Marcia Kull with STEP Ahead Award on April 21; award honors top women leaders in the manufacturing industry    Marcia Kull, vice president of marine sales for Volvo Penta of the Americas, has been selected by the Manufacturing Institute as one of the top women in U.S. manufacturing for 2016.   Kull and the other honorees will be recognized at the fourth annual Women in Manufacturing STEP (Science, Technology


Maritime Expert Hails NIMASA for Removing Wrecks

Pic: The Nigerian Maritime Administration and Safety Agency

 The reported wrecks removal initiative by the Nigerian Maritime Administration and Safety Agency (NIMASA) has received wide commendations from industry player and Stakeholder in the maritime sector, Dr. Chris Asoluka.   Speaking in Lagos recently, Dr


McDermott, Saudi Aramco Sign MoU

Logo: McDermott International

 McDermott International has signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.  


Denmark Tightene Water Scooter Regulations

Pic: Danish Maritime Authority

 Danish Ministry of Industry will launch a set of new initiatives to enhance safety at sea when operating water scooters, jet skis, speed boats and the like.   The new initiatives are to prevent accidents at sea by securing, inter alia


Iridium’s Second NEXT Launch Pushed Forward

 Iridium Communications announced the second launch for the Iridium NEXT satellite constellation has been moved earlier, and is now targeted for June 25, 2017 at 1:24:59 p.m. PDT with an instantaneous launch window.  SpaceX informed Iridium that range availability had opened up at


Maiden Anti-Ship Missile Launch by Kalvari

Kalvari sent to the dock for setting afloat to Naval Dockyard (Mumbai). File Photo: Indian Navy

 The Indian Navy has successfully conducted the maiden firing of an Anti-Ship missile from the first of the indigenously built Kalvari class submarines, during a test firing in the Arabian Sea.    The missile successfully hit a surface target at extended ranges during the trial


Caribbean Centre Launches on Low-Carbon Shipping Mission

Photo:  International Maritime Organization (IMO)

 A new centre tasked with promoting technologies and operations to help navigate shipping into a low-carbon future has been launched at the University of Trinidad and Tobago (8 March).    The centre will cater to the needs of the Caribbean region under the Global Maritime


Emas Offshore Braces for Ezra’s Bankruptcy

Lee Kian Soo, Executive Chairman Photo: EMAS Offshore

 The EMAS Offshore (EOL) board of directors warns that the Chapter 11 filing of parent company Ezra Holdings  may negatively impact EOL and its subsidiaries, which could possibly lead it to face a going concern issue. EMAS Offshore Limited is a subsidiary of Ezra Holdings Limited


Gail India Seeks First-half April LNG Cargo

Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said.   The tender, launched on Monday, follows two recent cargo purchases also for delivery in April.


Capacity Augmentation in Indian Ports

Indian Shipping Minister Nitin Gadkari pinning a flag on Prime Minister Narendra Modi to celebrate the week of National Maritime Day. Photo: Official FB Page of Nitin Gadkari

 Ports development and capacity augmentation is a continuous process in India, says the ministry of shipping.   Government is regularly monitoring the Port projects to modernize and upgrade to increase capacity of the Major Ports and also to bring them to the international standards


NGOs Push for a Mediterranean ECA

Map: Baltic Ports Organization

An alliance of several European environmental organizations, recently adopted a declaration to designate the Mediterranean Sea an Emission Control Area (ECA), aimed at limiting air pollution from ships.    The document, known as the “Rome Declaration”


Carl Vinson Strike Group to Western Pacific

Photo: United States Navy

 Admiral Harry Harris, Commander, U.S. Pacific Command, has directed the Carl Vinson Strike Group to sail north and report on station in the Western Pacific Ocean after departing Singapore April 8.    Carl Vinson Strike Group


Stena Line Says Sustainability Goals Paying Off

Image: Stena Line

“Our belief is that a reduced environmental impact is also essential for long-term profitability,” said Stena Line's CEO, Niclas Mårtensson. “This is why sustainability is included as a central part of our strategy and why we have set ambitious sustainability targets


Oregon County Mulls LNG Terminal Ban

File Image (CREDIT: AdobeStock / (c) Fotmart)

A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest.   The measure would ban transport of fossil fuels not intended for local use through Coos County


Inmarsat Launches Fourth Global Xpress Satellite

Photo: Inmarsat

Inmarsat, a provider of global mobile satellite communications, has confirmed the successful launch of the fourth, high-speed broadband communications satellite in its transformational Global Xpress (GX) constellation. Inmarsat GX is the world’s first globally available


Asia's Low-Carbon Shipping Mission

Photo: International Maritime Organization (IMO)

 ​A new regional centre, which will provide leadership in promoting ship energy-efficiency technologies and operations, and the reduction of harmful emissions from ships, has been launched at Shanghai Maritime University, China (15 May).   






 
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