Rescue Aid for German Shipbuilder Approved by EC
The European Commission has authorised under EU state aid rules, a state guarantee backing a rescue loan of €152.4 million for the German shipbuilder P+S Werften in Mecklenburg-Vorpommern.
China Contends for Slice of Oil Rig Construction Business
According to Reuters, China is emerging as a strong contender to the traditional offshore oil rig manufacturing powerhouses of Singapore and South Korea as shipyards…
Immarsat FleetBroadband Supports Solo Circumnavigator
Guo's 40-ft yacht will be equipped with a FleetBroadband terminal provided by Inmarsat which will help him send back video and pictures and assist him in plotting…
COSCO Deliver Two More Bulk Carriers from China Shipyards
2. COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, of 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth, named “ASIAN CHAMPION”, to its Asian buyer.
Twin Cruise Ship Contract for Fincantieri
At 47,000 gross tonnes with 472 cabins for a total passenger capacity of 944, the two vessels are destined to serve the market for smaller super-luxury ships.
Open Ocean Launches Maritime Security Program
Aboard the HQS Wellington in London yesterday, Chenega UK Ltd. launched its fully integrated maritime security system to combat piracy and provide the ship owning community with a holistic, single point of contact security program to mitigate the risk of piracy. The system was received with excitement by the shipowners, managers, insurers, flag states and others engaged in transporting more than 90% of the world's goods…
Marine Machinery Association to Hold 28th Annual Meeting
Marine Machinery Association to hold 28th Annual Meeting on September 18th and 19th, 2012. There Will Be A Reception for Speakers and MMA Members From 6:00 p.m. to 7:30 p.m. on Monday, September 17th, 2012. Attendees at the Meeting Must Be U.S. Citizens or Permanent Residents And Employees of Companies Performing Contracts for the U.S. Navy The meeting will be held at Holiday Inn By the Bay, 88Spring Street Portland, Maine 04101 1-800-345-5050 or 207-775-2311.
New High-Speed SCANIA Marine Engine Range
SCANIA, a tradition rich Swedish industrial company celebrated in 2011 its 120-year existence. Very early, in 1902, the first engines for marine applications have been pro-duced. In fact, the market was considered so promising that the companies new factory, which was built in 1907, was described at the planning stage as “intended particu-larly for the manufacture of automobiles and boats”. Without any doubts belongs SCANIA (named after the latin name of the Southern Swedish province Schonen)…
Svitzer Salvage Americas Inc. Signs Florida Warehouse Lease
Netherlands-based maritime services firm Svitzer Salvage Americas Inc. has signed a 22,961-square-foot storage warehouse lease for a strategic operations center in Dania Beach…
Top Graduates Welcomed to SRI'S Legal Internship Scheme
Seafarers’ Rights International (SRI) has again demonstrated its commitment to the shipping industry by welcoming the latest intake of high performing young graduates into this year’s SRI Legal Internship Scheme. The successful candidates hail from a diversity of countries across the globe - but all have in common a keen interest in the field of international law and seafarers’ rights, and a desire to succeed.
Cosalt Offshore Secures CNR Contract
Cosalt Offshore has been awarded a contract with CNR International (UK) Limited. (CNR). The contract, which is for three years,comes with a two one year options and will see Cosalt Offshore provide CNR with lifting and mechanical handling support services on five platforms – Tiffany, Ninian North, Central and South and Murchison. Cosalt Offshore is the incumbent provider of these services to CNR, but the new contract was won as the result of a competitive tender process.
Shipping’s CO2 Tipping Point: Managing Carbon Emissions
Market fundamentals and impending emissions regulation demand that shipping takes the next step in formalizing and professionalizing its approach to sustainability, reflecting its increasing importance as a business-critical asset. As bunker prices rise, difficult market conditions persist and regional carbon emissions regulations strengthen, minimizing carbon management risk and encouraging shipping…
OSD Wins New Contracts in China and Japan
Offshore Ship Designers UK division OSD-IMT has been awarded a contract to supply the design for a modified version of its IMT 982 Platform Supply Vessel to be built at the new shipyard facility of Honghua Offshore Oil & Gas Equipment in Jiangsu, China. The contract is the result of increased marketing and technical collaboration between OSD group companies. It is contracted through OSD-Shanghai, with…
New CEO Arrives at LITE
Louisiana Immersive Technologies Enterprise’s (LITE) newly appointed chief executive officer (CEO), Dr. Kam Ng, has officially arrived and is active in his new position. Ng was selected in April of this year and is joining the LITE team after retiring from the Office of Naval Research (ONR) as the deputy director for research. “I am very excited to bring my expertise in immersive and digital media technologies to Lafayette to help the University and local businesses, large and small,” stated Ng.
MHI Licenses Deck Machinery Tech To Imabari Shipbuilding
Mitsubishi Heavy Industries, Ltd. (MHI) signed an agreement with Imabari Shipbuilding Co., Ltd. in Imabari, Ehime Prefecture, Japan, under which MHI licenses production and marketing of deck machinery. Through licensing, MHI aims to expand market share of deck machinery based on the company's technology and, at the same time, respond to requests from Imabari, which looks to enhance business through deck machinery production.
C-Vu 3D VTS: New 3D Vessel Tracking System
The new course to follow in controlling port traffic. A step change to enhance safety and improve operational efficiency. Large ships navigating narrow waterways are always vulnerable to accidents – one only has to think of the Sea Empress tanker disaster at Milford Haven, or more recently the wrecking of the Costa Concordia. Managing their progress, usually in and out of ports and in other restricted channels, has understandably assumed a critical role in ensuring their safety.
ABB Wins Orders on Australia's Large Ichthys LNG project
The contract is to supply power technologies and medium-voltage drive systems for the new Ichthys liquefied natural gas (LNG) project’s processing plant near Darwin, Australia.
US ONR Opens Ship Gateway for Navy Data Sharing
On any Navy destroyer, cruiser or carrier today, there are two networks: one for combat systems (weapons and sensors) and one for command and control, or C2, which also encompasses intelligence, surveillance and reconnaissance. There are some 30 interconnections between the two networks, making it difficult to integrate data into a real-time common operating picture, as well as expensive to maintain.
MHI Licenses Deck Machinery to Imabari Shipbuilding
Through licensing, MHI aims to expand market share of deck machinery based on the company's technology and, at the same time, respond to requests from Imabari, which looks to enhance business through deck machinery production. The production of licensed machinery is scheduled to be started in April 2013. Deck machinery mainly consists in this instance of anchor windlasses and mooring winches. MHI manufactured its first deck machinery in 1962.
Ship Demolition Prices Plunge
According to Bloomberg News, shipbreakers paid about $425 a ton for commodity carriers last month, compared with $490 a year earlier, based on Clarkson (CKN) Plc data.
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