Top 5 Start-Ups Present at DP World's Turn8
Five start-ups presented at round two of the TURN8 Seed Accelerator initiative recently, which was attended by more than 70 delegates, including investors and media…
Vigor Fab to Build Fireboat for San Francisco FD
Vigor Fab has been awarded a contract to build a fireboat for the San Francisco Fire Department (SFFD). Construction of the 88’x’25x’14’ vessel is scheduled to begin this fall in Seattle.
Kongsberg Lift Simulator Chosen in Montreal
![Kongsberg to supply several K-Sim Lift Training Simulators for heavy lift port equipment.](https://images.marinelink.com/images/maritime/w100h1500/kongsberg-to-supply-several-ksim-29672.jpg)
Kongsberg GlobalSim has been awarded a contract with the Maritime Employers Association (MEA) of Montreal, Canada to supply several K-Sim Lift Training Simulators for heavy lift port equipment. The simulator system will include training modules for seven different types of heavy lift equipment, and will feature three different student-training stations to expand the training program in Montreal. “The simulator will be the first step of every training program…
China M&A Rulings Create Hot Competition for Antitrust Lawyers
China's increasing regulatory influence over international mergers and acquisitions has helped to create the hottest new commodity in its legal industry: anti-trust lawyers.
SloShield Monitors LNGC Tank Sloshing
Gaztransport & Technigaz (GTT) and its partner Cryovision announced the launch of a monitoring system to help reduce the effects of liquid motion in Liquefied Natural Gas Carriers (LNGCs)…
Container Shippers Battle Falling Rates
![Photo: Greg Trauthwein](https://images.marinelink.com/images/maritime/w100h1500/photo-greg-trauthwein-29671.jpg)
As freight rates keep declining, cost reductions are the top priority for box carriers. Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. Drewry forecasts that once again, average freight rates will be lower than in the previous year.
Turkey Ferry Auction Attracts Multiple Bids
Private equity firm KKR & Co LP has attracted binding bids from Danish shipping company DFDS A/S and an alliance of PE players Esas Holding AS and Actera Partners LP for its Turkish ferry unit…
Raytheon Anschütz to Debut New Radar at SMM
![The new NautoScan NX Radar Transceiver](https://images.marinelink.com/images/maritime/w100h1500/the-new-nautoscan-nx-radar-29666.jpg)
The German navigation system manufacturer Raytheon Anschütz announced the launch of a new generation navigation radar for this year’s SMM. The new radar is distinguished mainly by two innovations on the transceiver: Network technology replaces analog data transmission, and a pedestal which is newly constructed electrically and mechanically reduces cost of ownership and simplifies service. The new NautoScan…
London International Shipping Week Set for 2015
![U.K. Shipping Minister Stephen Hammond MP](https://images.marinelink.com/images/maritime/w100h1500/uk-shipping-minister-stephen-hammond-29670.jpg)
The British Government has once again thrust its weight behind London International Shipping Week with an official visit to the LISW2015 stand at Posidonia in Greece by the British Ambassador in Athens followed by public shows of support at additional events by the head of the Maritime and Coastguard Agency Sir Alan Massey, and U.K. Shipping Minister Stephen Hammond MP. More than 70 guests gathered…
Maritime Reporter @ 75: The Daily Cartoon
![© New Wave Media](https://images.marinelink.com/images/maritime/w100h1500/new-wave-media-29665.jpg)
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.
Genco Shipping Cleared to Exit Bankruptcy
![Photo courtesy of Geneco](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-geneco-29662.jpg)
A U.S. bankruptcy judge said on Wednesday he will approve Genco Shipping & Trading Ltd's plan to exit its Chapter 11 bankruptcy after he overruled objections from shareholders. Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan said he found that the company's value was not higher than Genco's $1.48 billion estimate. Shareholders objected to the plan because they said the company was worth more and they deserved a bigger payout.
SHIPPINGInsight Award Entries Deadline Extended
Entries will be accepted until Aug. 1, 2014 for the inaugural SHIPPINGInsight Award. The annual award will honor a ship operating company and its technology partners…
Today in U.S. Naval History: July 2
![USS Juneau (CL-119). U.S. Naval Historical Center Photograph.](https://images.marinelink.com/images/maritime/w100h1500/uss-juneau-cl119-us-naval-29660.jpg)
Today in U.S. 1923 - Commissioning of Naval Research Laboratory, Washington, D.C. 1926 - Distinguished Flying Cross authorized by Congress. 1937 - Amelia Earhart disappears in Pacific. 1945 - USS Barb (SS-220) bombards Japanese installations on Kaihyo Island, Japan; first successful use of rockets against shore positions. 1946 - Establishment of VX-3 to evaluate adaptability of helicopters to naval purposes.
FURUNO NavSkills Network Issues ECDIS Certificate 10,000
This June FURUNO’s NavSkills network of training centers issued the ECDIS type specific training certificate No. 10,000. The certificate was issued to a Russian…
Hawboldt Industries Wins Seaspan Contract
Hawboldt Industries Ltd. announce that it has been chosen by Seaspan’s Vancouver Shipyards to supply the deck machinery for the new offshore fisheries and science…
USCG Sets Port Status Whiskey for Tropical Storm Arthur
![Source: NOAA](https://images.marinelink.com/images/maritime/w100h1500/source-noaa-29657.jpg)
The U.S. Coast Guard (USCG) Sector North Carolina port Captain has set the Port Condition Whiskey for all navigable waterways in North Carolina in preparation for the anticipated weather impact of tropical storm Arthur. Port Status Whiskey is normally set when gale force winds from a hurricane force storm are expected to arrive at the port within 72 hours. The USCG expects winds between 39 and 54 mph to reach Frying Pan Shoals Lighted Buoy 16 within 72 hours…
Migrant Death Toll Rises on Sea Route to Italy
Migrants arriving on boats in southern Italy say 81 other people travelling with them have died or gone missing during their sea journeys from north Africa, the UN refugee agency said on Wednesday.
New Anchor Handling Tug for Stanford Marine
![DP2 anchor handling tug Stanford Mustang has a Bollard Pull in excess of 60T (Photo courtesy of Stanford Marine Group)](https://images.marinelink.com/images/maritime/w100h1500/dp2-anchor-handling-tug-stanford-29655.jpg)
Stanford Marine, a regional offshore marine business, announced today from its Dubai headquarters the delivery of the latest addition to its fleet. Stanford Mustang, a 50m DP2 Anchor Handling Tug was specially designed to handle a specific charter in Qatar and was built at Fujian Mawei shipyard in Fuzhou, China. The vessel has a special low air draft to facilitate her ability to transit beneath the low bridges encountered at offshore facilities and has a Bollard Pull in excess of 60T…
ABS, DSME Partner on First LNG Fueled Drillship
Innovative LNG fueled drillship project will promote energy efficiency and environmental sustainability in offshore operations. ABS, a provider of classification…
Board Game Seeks to Transform Supply Chain Learning
![Pat Smedley & Andy Page](https://images.marinelink.com/images/maritime/w100h1500/pat-smedley-andy-page-29653.jpg)
Three years after its inception, today sees the official launch of an innovative new board game designed to teach young people of all ages about the importance of today’s supply chain in global commerce. The game - Business on the Move - aims to inspire, excite and educate young people from the age of 9 to 19 and beyond. The aim of the game is for players to move different products from China to their U.K. customers by land, sea and air, as quickly, as profitably and as responsibly as they can.