Maritime Industry Top News
Hyundai Merchant Marine Loss Grows in Q3
South Korea's largest shipping firm by sales Hyundai Merchant Marine (HMM) said that its operating loss in the third quarter increased to 123.1 billion won (US$108.65…
Nokia, ABB and Kalmar Trial 5G Technology for Harbor Automation
Nokia, ABB and Kalmar, part of Cargotec, have successfully conducted industrial trials that leverage the low latency capabilities of 5G to support time-critical…
COWI Expands in US Offshore Wind Energy
In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with…
Five Container Shipping Gaints Form Digital Collaboration
Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express - intend to create an association with the purpose of paving the way for digitalization…
GONDAN Launches New Hybrid Icebreaker Tug
GONDAN Shipyard in Figueras, at high tide, has launched a new hybrid-powered icebreaking escort tug designed by Robert Allan Ltd for Port of Luleå (Sweden).This…
BMA Goes to Japan
As part of its strategy to make further inroads into the Japanese shipping market the Bahamas Maritime Authority (BMA) is opening its new office in the heart of…
China Strengthens Maritime Cooperation with Lativa
The the third largest container port in the world Port of Shenzhen Lativa's Freeport of Riga have a common goal - to become internationally important and strong ports through cooperation.Recently…
CargoX Launches the World's First Smart Blockchain Platform
Slovenia-based supplier of blockchain solutions for logistics, CargoX has launched the CargoX latform to become the first open, neutral, and accessible blockchain…
East Africa Opens it First Inland Dry Port
Dubai-based global port operator DP World and the Rwandan government have opened East Africa’s first Inland Dry Port, 20 kilometers from the capital city Kigali…
Seanergy Maritime in Leaseback, Refinancing Pact with Cargill
The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through…
SCF Inks Deal to Finance LNG Carrier
Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks.Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole Corporate and Investment Bank.The funds will be used towards financing the construction of a new generation 174…
NYK Pushes Decarbonization via NYK Super Eco Ship Design
As a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” a new future concept ship has been designed by incorporating innovative technologies that will result in an emission-free vessel — the “NYK Super Eco Ship 2050.”BackgroundThe NYK Group’s mission of “Bringing value to life” and the company’s basic philosophy of “contributing to the betterment…
Former U.S. Navy Captain Pleads Guilty in Corruption, Fraud Probe
A retired U.S. Navy captain pleaded guilty to criminal conflict of interest charges and a former U.S. Navy master chief was sentenced to 17 months in prison today on corruption charges. The defendants are among the latest U.S. Navy officials to plead guilty and be sentenced in the expansive corruption and fraud investigation involving foreign defense contractor Leonard Glenn Francis and his Singapore-based ship husbanding company…
Damen Shiprepair Curaçao Floating Dock Operational
Damen Shiprepair Curaçao (DSCu), has on November 2, commissioned its large floating C dock. After the final tests had been carried out in the morning, the C Dock was submerged onto the equalized seabed.DSCu Nautical department, with the help of local KTK pilots and tugs subsequently docked the first commercial ship, a 63,400 tonnes deadweight bulkcarrier, thus putting the C dock into service.Lodewijk Franken…
A.P. Moller - Maersk Grows Across the Business
In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects were realized.“Well into our transformation, we are progressing with the…
ABB Signs Breakthrough Contract for Marine Automation in China
ABB has won its first marine automation system contract for a cruise ferry in China, after the technology package for Chinese-built Viking Line vessel has been extended to include the ABB Ability System 800xA.ABB Ability System 800xA integrates power, propulsion and vessel management systems into one platform, enabling both crew and onshore teams to get a comprehensive overview of all the information needed to operate the vessel in the safest and most efficient manner.
Poynting Releases Its Latest LTE Antennas
Poynting has recently released their latest Cellular LTE/5G Ready omni-directional antennas that can be used to improve your internet speed whether you are working in the city or require connectivity at sea.Poynting’s new OMNI-402 and the OMNI-600 MIMO omni antennas are based on the very popular marine antenna (OMNI-291), already used by boat owners worldwide. These antennas all share the same physical radiation elements within the antenna enclosure…
Oil Removed from WWII Era Shipwreck
A U.S. Navy led team has removed 229,000 gallons of oil from a sunken World War II era German heavy cruiser that has been resting on the seafloor near the Marshall Islands for more than 70 years.After being transferred to the U.S. as a war prize, the cruiser Prinz Eugen was loaded with oil and cargo and used to assess survivability of warships during the Operation Crossroads atomic bomb tests in the Pacific.
Coast Guard Approves Another BWTS Entry
Marine Safety Center issues 13th Ballast Water Management System Type Approval certificate.The Marine Safety Center issued the 13th U.S. Coast Guard Ballast Water Management System Type Approval Certificate to JFE Engineering Corporation after a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060.The treatment principle of the…
EPA Funds Diesel Pollution Abatement Efforts in Mid-Atlantic Region
The U.S. Environmental Protection Agency (EPA) has announced funding for three clean diesel projects totaling $4.7 million to reduce air pollution from aging diesel engines in the Mid-Atlantic region.The funding will go to the Maryland Environmental Service (MES), the Mid-Atlantic Regional Air Management Association, (MARAMA) and the Metropolitan Washington Council of Governments (WashCOG).“Taking…