DryShips Inc. Announces Public Offering of Ocean Rig Shares
DryShips Inc. (NASDAQ: DRYS), or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary…
CMA CGM Completes Financial Restructuring
Closing of the agreement with its Banks regarding its debt restructuring. This agreement provides for a new covenant package taking into account the industry’s volatility…
DNV, PSE Report on Carbon Capture & Storage
Maritime CCS "feasible, and can reduce emissions by 65%", says DNV and PSE. Det Norske Veritas (DNV), a leading classification society, and Process Systems Enterprise Ltd. (PSE), a global provider of advanced process modelling technology, today have released the results of the Maritime CCS (carbon capture and storage) research and development project. The project has successfully developed a concept design for on-board chemical CO2 capture.
Hyundai to Build Innovative Offshore Vessel for Toisa
Toisa Ltd. signed a contract with Hyundai Heavy Industries (HHI for the construction of a Multipurpose Offshore Construction Vessel (MOCV) designed by Ulstein. The vessel, with X-BOW hull line design was built in Korea with a customized version of Ulstein's Deepwater Enabler design. The DP3 vessel is designed for worldwide operations in the oil and gas sector, ultra deepwater installation and construction, flexible lay, pipelay, cable lay and topside construction support.
ABB Acquires APS Technology
ABB acquires APS Technology Group to expand its Crane and Harbor systems portfolio; acquisition expands ABB’s portfolio for container terminal automation to optimize…
RINA to Verify Key Metrics of Euro Tunnel
RINA GROUP is to verify the inter-operability and safety of the longest combined-traffic immersed tunnel in the world.The overall estimated value of the project is 5.5 billion Euros. The Fehmarnbelt Fixed Link will be 18 km long and will connect Denmark with Germany. International certification and classification society, the RINA Group, has been awarded a contract with the Danish company Femern A/S…
Size of London Gateway Port Impresses Minister
UK Transport Minister, Stephen Hammond, goes to see London Gateway’s state-of-the-art port technology. Fully automated stacking cranes (ASCs) currently being installed at the UK’s new national hub port will increase reliability and ensure smoother, more efficient operations 24 hours a day, even in weather conditions that would force non-automated systems to close. One of the first to view the new equipment being erected was UK Transport Minister Stephen Hammond…
Greece's Danaos Maintains Last Year's Profitability
Danaos Corporation reports fourth quarter and full year results for the year ended December 31, 2012. Operating revenues of $151.8 million for the three months ended December 31…
Counter-piracy Firm, AdvanFort, Panama-flag Approved
AdvanFort Company, approved by the Panama Maritime Authority (PMA) for Panama-flag vessel counter-piracy operations. “We at AdvanFort are very pleased that the world’s…
New Deepwater Construction Vessel for Technip
Technip name subsea construction & flexible pipelay projects vessel 'Deep Orient' in Vigo, Spain. During the ceremony held at the Metalships & Docks (MSD) shipyard in Vigo, the ship was named by the vessel’s godmother, Véronique Delormel, wife of Frédéric Delormel, Executive Vice President and Chief Operating Officer Subsea at Technip. Thanks to a successful cooperation between Technip's Marine New Builds team in Aberdeen…
Maryland May See Nation's First Offshore Wind Farm
A stripped-down wind-energy proposal backed by Maryland’s governor gains traction in the legislature. The proposal may be the first step in creating a network of…
'Carnival Triumph': Latest News
The cruise ship, disabled by an engine room fire, will probably be towed to Mobile, AL. Carnival Triumph was originally intended for towage to the Mexican port of Progreso, however after drifting through currents in the Gulf of Mexico, she is expected to dock instead in Mobile. Some power has been restored including the freshwater system, which is back up and operational. Additionally, the sewage system has been restored to the forward section of the ship but is still down in the after part.
Navy's First JHSV Visits St. Petersburg
Military Sealift Command's (MSC) joint high-speed vessel, USNS 'Spearhead' visits the Port of St. Petersburg, FLA. U.S. Rep. C.W. Bill Young, Mayor Bill Foster and other distinguished visitors from St. Petersburg joined Navy Chief of Information Rear Adm. John Kirby, Capt. Sam Norton, commander, MSC Atlantic, and Capt. Doug Casavant, the ship's civil service master, during an arrival ceremony in honor of the ship, its crew and the Navy.
Keeping Seafarers Fit for Purpose
A new website, Training on Board, aims to improve the physical fitness of seafarers. The website has been developed by the Norwegian Maritime Authority for the International…
Dryships to Raise Stockmarket Cash
Greece's DryShips Inc. is to offer the public 5-million of the common shares it holds in Ocean Rig UDW. Following the completion of the offering, DryShips is expected…
TT Club Spots Innovation Trend in Logistics Sector
Insurance specialist in the global freight industry, TT Club, sees proliferation in technological capabilities & tailored supply chain processes. A long-term supporter…
USA Maritime Applaud Caucus Launch
USA Maritime & its member organizations applaud the launch of a new bipartisan Congressional Maritime Caucus. The organization also thanked the new Caucus Co-Chairs…
NAT Weathering a Weak Shipping Market
Nordic American Tankers Limited (NAT) publishes its Q4 2012 financial report. In 2012, NAT improved its relative position within the industry despite a weak market.
Port of Hamburg 2012 Throughput Tonnage Down
At 131 million tons in 2012, total throughput in the Port of Hamburg remained slightly below the previous year. Hamburg nevertheless remains the second largest container port in Europe and consolidates its 14th place among container ports worldwide. For the Port of Hamburg, the reluctance to consume and invest apparent in Europe in the second half of 2012 especially affected throughput of imported goods. At 73.9 million tons, these were down by 3 percent.
HII President Addresses BEYA STEM Conference
Huntington Ingalls Industries' President & CEO Mike Petters keynote speaker at 27th Black Engineer of the Year (BEYA) Science, Technology, Engineering & Math (STEM) Conference. Petters spoke at the Historically Black Colleges and Universities (HBCU) Engineering Deans' Power Breakfast, held recently in Washington, DC, which honors leaders in the STEM fields. BEYA is the nation's largest annual gathering…
