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DP World Launches $1.2 bln Sukuk Issue to Cover Tender
Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed. The issue, structured to be…
Clarksons Gift Rescue Boats to Sailing Centre
Clarksons recently visited the Docklands Waterports and Sailing Centre (DWSC) near Canary Wharf on the UK's River Thames to officially launch the two new rescue boats it has bought for the organisation. The state of the art Rigiflex boats - named after two esteemed late Clarksons' Chairmen, Sir Alexander Glen and Sir Carron Greig - will enable DSWC to increase the number of participants that can be tutored on the water at any given time.
Cummins Engines Power New Philippine Ferry
Ocean Fast Ferries, based in Cebu, has received the latest additon to its ferry fleet from builders Golden Dragon Fastcraft Builder, Inc. The M/V 'Ocean Jet 88' was designed by Australia's Global Marine. The vessel’s water line length is 29.63 meters with a one-meter draft. A pair of Cummins KTA50-M2 engines each delivers 1600 HP at 1800 RPM to ZF4650 gears with 2.467:1 reduction. These turn 1221 m/m propellers on 133.35 m/m shafts…
Bollinger Re-Delivers Elsa Leigh To Aries Marine
Bollinger Shipyards, Inc., Lockport, La., has re-delivered the 254-ft. supply boat, Elsa Leigh, to Aries Marine Corp., Lafayette, La. While it looks like a new vessel…
When It Comes to Shipping, Norway Forks in the Road
Representing the new owners of Norwegian shipping company Bergesen, Andreas Sohmen-Pao delivered a clear message in his well received speech at the Annual Meeting…
Costa Fortuna Leaves For Sea Trials
Costa Costa Fortuna has taken to the open sea for the first time. Costa Crociere’s new flagship which, with her 105,000 gross tonnage, is the largest cruise ship in the history of Italian seafaring…
Usiminas to Cancel Iron Ore Shipment Contract
Brazilian steelmaker Usiminas intends to cancel its iron ore shipment contract with the Sudeste Port, a private terminal near Rio de Janeiro, the port said on Friday.
Norsk Hydro Begins Exploration Using SGI Technology
Norsk Hydro ASA selected SGItechnology to expand its national and international oil exploration efforts as well as for a number of research projects. To perform…
Schottel Celebrates CPP Milestone
German propulsion giant Schottel looks back at five decades of controllable-pitch propeller (CPP) development. CPPs have been developed and produced on the Baltic coast of Germany since 1962 – initially in Rostock, and then in Wismar from 1964. The first units were manufactured for 86 freezer-trawlers of type Tropik for the Soviet Union. Four additional types were produced for GDR fishery vessels.
Iranian Port Deal: Modi's Masterstroke
Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar…
The 2001 “Best of What’s New” Award in General Technology
Popular Science magazine has announced that the Hardsuit 2000 has been chosen to receive a 2001 “Best of What’s New” award in the General Technology category. Each year…
Tirrenia Takes Rina High Speed COMFORT
Italian ferry operator Tirrenia has been awarded Rina’s COMFORT class notation for two high speed ferries. The 1,800-passenger 43 knot Scorpio, and the recently built 2…
Hornbeck-Leevac Delivers BJ Blue Ray, Acquires Tank Barge
Hornbeck-Leevac Marine Services, Inc., announced that it has taken delivery of its first 265-ft. class deepwater offshore supply vessel, the BJ Blue Ray, which immediate…
Navmaster ECDIS Training CD Released
PC Maritime has announced that its Navmaster ECDIS type-specific training CD Rom is now available. Believed to be the first manufacturer to provide a stand-alone type-specific training CD Rom, PC Maritime has taken the view that the required training should be made as convenient as possible to the customer. As Anne Edmonds, PC Maritime’s Marketing Director, explains: “One Navmaster ECDIS type training CD Rom onboard can be used by any number of ship’s officers, as and when their time permits.
Svanes Joins NAVTOR as new Managing Director
E-navigation company NAVTOR said that Tor A. Svanes, the founder of C-MAP Norway, has joined the business in the position of Managing Director. Svanes, who is well…
Syncrolift Deal Strengthens TTS Market Position
Through its subsidiary TTS Handling Systems AS, TTS Group ASA has signed an agreement with Rolls-Royce Marine North America Inc. for purchase of Syncrolift assets.
Rolls-Royce Introduces New Technology
The first commercial application of a new type of Rolls-Royce tunnel thruster launches a technology which will have a major impact on marine propulsion in the future.
Sound & Sea Wins Navy Contract
Sound & Sea Technology Inc. won a five-year military contract worth up to $29.5 million to provide ocean engineering services for U.S. naval facilities around the world…
Cosco Endorses Panama Canal Expansion
Captain Wei Jiafu, President and CEO of China Ocean Shipping Company (COSCO), recently endorsed the potential Panama Canal expansion, citing that a more modern,…
Maritime, Transportation & Petrochemical Leaders see Bright Future
Leaders from the petrochemical, maritime, logistics and transportation industries delivered robust economic forecasts for the Houston Ship Channel region during…
