Plans in Place for New Suez Canal
Egypt has unveiled its plan to build a new Suez Canal alongside the existing 145-year-old waterway, and digging is already underway, GAC reported in its daily Hot Port News report. The project will see the creation of a new canal parallel to the old one, with the same depth and width, creating a two-way waterway. The existing Canal is already double-sided in some parts, and the new project will extend this to allow the transit of ships in both directions.
Bones Found on Concordia Possibly Final Victim's
Divers have found human remains in the wreck of the Costa Concordia and will check whether they belong to the one person still unaccounted for 2 1/2 years after the luxury liner sank, Italian authorities said on Wednesday. Russel Rebello, an Indian who worked as a waiter on the ship when it hit rocks and sank off the Tuscan coast in January 2012, killing 32 people, is the only victim of the disaster whose body has not yet been found.
Yara to Acquire Majority Position in Galvani
Yara International ASA has entered into an agreement to acquire a 60% stake in Galvani Indústria, Comércio e Serviços S/A ("Galvani"), for an enterprise value of USD 318 million.
Weak Financials Drive Container Leasing Sector - Drewry
The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently…
Product Tanker Released After Probable Cargo Theft
On Sunday, we heard the good news of the release of Hai Soon 6, following its hijack on 25th July off Ghana. Not long after this news from the IMB, Dryad relocated…
MTU engines propel double-ended ferries in Turkey
Rolls-Royce Power Systems has just won an order for six MTU diesel engines which will be used to propel three double-ended ferries in Turkey. The ferries are being…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
DRYSHIPS Financial & Operating Results for 2Q, 2014
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc.…
Blue Star Ferries & Eco Marine Launch Renewable Energy Project
Eco Marine Power announced today that it has begun a project to jointly deploy and evaluate with Blue Star Ferries of Greece, a range of innovative renewable energy…
Ranieri Tonissi Moves Headquarters to Genoa
Ranieri Tonissi S.p.A., Italian importer of MAN engines and operator of the MAN service base for marine engines, moved to a new headquarters in Genoa in June. The new premises and direct deepwater pier location serve as benefits for yachting and commercial customers, the company said. The move from Bolzanetto into the harbor at Genoa gives Ranieri Tonissi S.p.A. about 3,000m2 in space for the workshop, storage and administration.
Today in U.S. Naval History: August 6
Today in U.S. 1862 - CSS Arkansas destroyed by her commanding officer to prevent capture by USS Essex. 1943 - Battle of Vella Gulf begins. US destroyers sink three of four Japanese destroyers.
Two New Contracts for Optimus Seventh Generation
Optimus Seventh Generation Ltd., an Aberdeen headquartered behavioral change consultancy, recently secured two contracts to provide safety leadership training to clients including Bibby Ship Management in the North Sea, and a new Asia-based client. According to Optimus Seventh Generation , these contract wins provide the company with a firm foundation on which to build upon its 2013 turnover of £5.8million, up 40% on 2012, and add a further five positions to its 40 strong team.
Siemens to Bring eHighway Demonstration to California
Contract signed with South Coast Air Quality Management District inCalifornia to install and demonstrate Siemens eHighway system near Portsof Los Angeles and Long Beach. Electrified catenary system offers economically attractive and environmentally friendly solution to transport goods on highly frequentedroutes near the two largest Ports in the U.S. Siemens has been selected by the South Coast Air…
AWO Praises Simplification of TWIC Process
Last week, the Transportation Security Administration began nationwide implementation of a program that reforms the burdensome process by which mariners and other transportation workers receive required Transportation Worker Identification Credentials (TWIC). The TWIC OneVisit program eliminates the requirement that workers make two trips to a TWIC enrollment center to pick up and then activate their TWIC.
Mermaid Kohler Range to Be Launched
Mermaid Marine is to launch a new range of diesel engines, the Mermaid Kohler. The partnership between U.K. diesel engine marinizer Mermaid Marine and Kohler expands Poole based Mermaid Marine’s offering to smaller inboard engines with the company now able to supply engines from 31kW to 376kW. It has come about through Mermaid Marine’s parent company, Power Torque’s work with JCB which has partnered…
ABB to Maintain Prestige Cruise Fleet Turbochargers
ABB announced that it has signed a five-year maintenance agreement with Prestige Cruise Holdings (PCH) to provide services, parts and support for all turbochargers installed on its fleet of eight cruise ships. The contract provides global access to maintenance services for the turbochargers to ensure their continued safe and reliable operation. Prestige Cruise Holdings is the parent company of Oceania Cruises and Regent Seven Seas Cruises…
Submarine North Dakota Completes First Voyage
The U.S.’s newest and most advanced nuclear-powered attack submarine, North Dakota (SSN-784), returned to the General Dynamics Electric Boat shipyard Tuesday following the successful completion of its first voyage in open seas, called alpha sea trials. North Dakota is the 11th ship of the Virginia Class, the most capable class of attack submarines ever built. Electric Boat is a wholly owned subsidiary of General Dynamics (GD).
StanChart Takes Provision for Suspected Qingdao Fraud
Standard Chartered Plc said its $175 million provision to cover its exposure to suspected commodities fraud in China was the result of a conservative view of possible…
Glencore Courts Guinea's Iron Ore Treasures
Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou…
Russian Grain Exporter to Sell Ukraine Terminal
Yug Rusi, a Russian grain exporter and sunflower oil producer, is seeking to sell its terminal at Ukraine's Kherson port, two traders told Reuters. The privately held company…
