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Underwater Ship Repair Specialists Merge
Lariat Partners, a Denver-based private equity firm, announced that its portfolio company Subsea Global Solutions (SGS) has acquired All-Sea Underwater Solutions (All-Sea)ā¦
BOURBON Reaches Deal to Reorganize Its Debt
French offshore vessel operator BOURBON said it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part of its financial debt. Out of long- and medium-term debt totaling ā¬692 million, ā¬365 million of repayments due between 2016 and 2018 have been rescheduled and reduced to an amount of ā¬63 million not repayable until 2018. The remainder of the debt, i.e.
Best Practices for Successful Casualty Investigations
The final success of any fire or explosion investigation is dependent on the management of the incident. Fire and explosion incidents on board vessels have always presented challenging situations for the marine industry. However, with the industry as whole facing ever-increasing financial pressures, many of those who suffer from a fire or explosion are seeking out cost saving measures during investigations.
BSM Demonstrates Commitment to Greek Shipping
Bernhard Schulte Shipmanagement (BSM) demonstrated its commitment to the Greek shipping industry on May 24th, 2018, during a hospitality event titled āThe future of shipmanagementā in Athens, co-organized with MariApps Marine Solutions.More than 120 figures from the maritime sector, including representatives from ship owners, customers, business partners, government, industry associations and members of BSMās key managementā¦
Iridium-7 Target Launch Date Set
Iridium Communications Inc. announced that the seventh Iridium(r) NEXT mission has been targeted by SpaceX for launch on July 20, 2018, from Vandenberg Air Force Base in California.The Falcon 9 rocket will launch 10 Iridium NEXT satellites to low Earth orbit (LEO) from Vandenberg Air Force Base (VAFB) in California at approximately 5:12 am PDT (12:12 UTC). An exact instantaneous launch window time will be available closer to the launch date.
New US Coast Guard Commandant Takes Helm
Adm. Paul F. Zukunft was relieved as commandant of the U.S. Coast Guard by Adm. Karl Schultz during a military change-of-command ceremony held Friday at U.S. Coastā¦
Cox Powertrain Unveils New Diesel Outboard Concept
British diesel innovator Cox Powertrain joins Swedish distributor Diesel Power this week at the High-Speed Boat Operations (HSBO) forum to discuss final concept details of its new CXO300 diesel outboard engine ahead of its launch later this year.Originally developed for a British Military of Defence (MoD) development contract, the CXO300 will be of great interest to visitors of the conference, which attracts delegates from many of the worldās law enforcementā¦
DFDS Is Recruiting IT Developers
Danish shipping and logistics firm DFDS says it is working on a campaign to attract more IT developers.āWe employ 250 people in our IT department and have many digital experts, but the world may still anticipate that shipping companies are only for shipping experts and seafarers,ā said Henrik Holck, the companyās EVP, People and Ships.āWe need all categories of competencies and our future success very much depends on our ability to create digital and IT solutions.
Indonesians Face Daunting Task to Recover Bodies from Sunken Ferry
Indonesian teams searching a lake for a sunken ferry in the hope of recovering nearly 200 bodies trapped inside have to contend with dangerous currents and cold, murky water far deeper than any scuba diver can ever go.The over-loaded ferry Sinar Bangun sank in bad weather in Lake Toba on Sumatra island on Monday. The lake, in the crater of an ancient supervolcano, is ringed by steeply sloping mountainsā¦
European Shipowners on Greenhouse Gas Emissions
The European shipowners together with MEP Wim Van de Camp yesterday organised a seminar in the European Parliament to discuss the International Maritime Organizationā¦
Libya Coastguard Commander Says He Hits Migrants to Protect Them
A Libyan coastguard commander sanctioned by the United Nations for alleged human trafficking and migrant smuggling said he hits migrants but does so for their own safety to prevent them from capsizing.Abdalrahman al-Milad, who heads a coastguard unit in Zawiya, just west of Tripoli, was one of six people sanctioned for involvement in people trafficking or smuggling in Libya on June 7, in the firstā¦
Two ASD Tugs Delivered to URAG
URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the port of Hamburg under the URAG subsidiary Lutgens und Reimers (L&R). The order for the tugs was placed in September 2014 and work began immediately on the twin vessels at the Damenās partner yard Song Thu (Da Nang) in Vietnam. Like the Promptā¦
CMA CGM to Add Ships, Pursue More Economies
CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showedā¦
Cruise Port Business Redefined
New Orleans builds enviable cruise traffic on top of a carefully crafted business plan. It may surprise you to learn that, on the lower Mississippi River, cruise traffic now accounts for over one fifth of all revenue at the Port of New Orleans, a major cargo hub. With recently modernized terminals, able to handle big ships, the Crescent City last year accommodated over a million cruise passengers, setting its fourth straight record.
2015: An Action Year for Subchapter M
For all of the predictions and prognostications that have been made over the last ten years, one thing is objectively true: the publication of Subchapter M ā the U.S. Coast Guardās long-awaited towing vessel inspection rule ā is closer than itās ever been. Yes, the road to Subchapter M has been long, but the end is in sight (really). As we approach our destination, both the Coast Guard and the tugboat, towboat, and barge industry have work to do to ensure that the way is well paved.
Coast Guard Foundation Supports USCG Men, Women, Families
The Coast Guard Foundation is a Connecticut-based non-profit organization ā originally started by a trio of Coast Guard veterans who wanted to give back to their chosen service ā which aims to provide support and comfort to the men and women in the Coast Guard, and their families. At the helm of the Coast Guard Foundation is Anne Brengle, a New York City native with a passion for non-profits and all matters maritime.
Design Standards for US Barges Carrying LNG
The U.S. Coast Guardās (USCG) Office of Design and Engineering Standards released CG-ENG Policy Letter 02-15 to provide interim guidance for the design standardsā¦
AlianŅ«aās Fleet Continues to Grow
The cabotage fleet of Hamburg Südās subsidiary AlianŅ«a has once again gained a new member. Within the scope of a customer event, the new container ship āBartolomeuā¦
Alfred Hartmann: New Captain on the Bridge at VDR
Shipping owner Alfred Hartmann is the new President of the Association of German Shipowners (VDR). For the first time a mid-size company owner is at the helm of the VDR, and this 68 year-old wants to bring the German shipping industry back on course. He discussed his plan with MR. A few years ago, you said during an interview that with some luck the shipping industry could overcome its current crisis and begin an upward trend. But the industry has not recovered. What went wrong?
WISTA India's Workshop on Managing Customers
WISTA India proved that they are committed to enhancing skiil of all women in the Maritime Industry . On 17th April they organised a workshop on "Manage your customers"ā¦
