Danaos buys 3 Boxships via new JV
Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market.
NOCC Opts for Optimarin BWT System for Its Newbuild
Ballast water treatment (BWT) specialist Optimarin has been chosen by Norwegian Car Carriers AS (NOCC) as the supplier of choice for its two newbuild vessels currently…
New Cranes for Felixstowe Port
Three new ship-to-shore gantry cranes have been delivered to the Port of Felixstowe, the Port of Britain. Built by ZPMC in Shanghai, the new cranes will be operated…
USS Cowpens Holds Cruiser Modernization Induction
The guided-missile cruiser USS Cowpens (CG 63) was inducted as the first ship to undergo a modernization effort that will significantly upgrade its capabilities in multiple mission areas, Sept.
NOIA Commends Shell’s Efforts Offshore Alaska
“NOIA commends Shell’s efforts in the Chukchi Sea and recognizes the great expense of this endeavor. Their ability to drill without incident this season demonstrates…
Slower China Growth Hurts Global Shipping Sector: Fitch
China's slower growth and economic transition will pose significant risks for the already struggling shipping sector, rating agency Fitch said. The shipping sector is already faces overcapacity…
Hapag-Lloyd in US$500 mln IPO
German container carrier Hapag-Lloyd is looking to sell shares for a total US$500 million, and will seek listings in Hamburg and Frankfurt before the end of 2015.
EBRD buys into Turkish Port Operator
The European Bank for Reconstruction and Development (EBRD) has acquired stake in Turkish cruise port operator Global Ports Holding (GPH), one of the world’s largest port operating companies.
Daewoo Put Under Pressure by Korea EXIM
South Korea’s second-largest shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) hit a hurdle in its efforts to get capital injection after the Export…
Indonesia Expects $34mln in Shipbuilding Investments
The Investment Coordinating Board (BKPM) is looking to book millions of dollars of investment realization in the shipbuilding industry by the year-end as domestic…
First SA Cargo Ship Registered
Three South Africa youths made history in South Africa’s maritime economy sector at the weekend when they boarded the country’s first registered cargo ship since the dawn of democracy.
A Pleasant Sub-prise for Penang Ferry Passengers
The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia. The Australian navy submarine HMAS Sheean arrived…
Santos Port Reduces Drafts at Noble, Copersucar Terminals
Brazil's Santos port authority has decided to reduce the drafts on some terminals, including the ones operated by Noble Agri, a local subsidiary of Asian commodities trader Noble Group…
IMO Launches Low-carbon Project: GloMEEP
The Global Maritime Energy Efficiency Partnerships Project (GloMEEP), which aims to support increased uptake and implementation of energy-efficiency measures for shipping, was formally launched on Monday, September 28, in Singapore, at the IMO-Singapore Future-Ready Shipping 2015 conference. This Global Environment Facility (GEF)/United Nations Development Program (UNDP)/IMO project, formally designated…
Dredging Contract Awarded for Corpus Christi LNG Terminal
U.S. dredging services provider Great Lakes Dredge & Dock Corporation announced it was awarded a contract for work on an export terminal under the development of Corpus Christi Liquefaction…
MN 100: Elastec
Elastec manufactures and markets innovative pollution control and recovery systems. The company’s core competency is oil spill response: skimmers, fire and containment booms, boom deployment systems, portable vacuum equipment, workboats, dispersant spray systems, oil spill aerial surveillance systems, storage tanks and pumps. The company also manufactures floating containment booms and barriers, turbidity curtains and fumigation tarps in its Cocoa, Florida facility.
Emerging Tech of Online Education and Training
The emerging technology tool is embraced by award winning West Kentucky Community & Technical College’s Inland Logistics and Marine Institute and its students. Years ago, it was not uncommon for a deckhand on a towboat with no higher education to work his way up the ladder to become a Captain or Chief Engineer. Today as technologies are added and new U.S. Coast Guard regulations are put into place…
Boatbuilding Gone Bad
Owners, designers, builders and the crew can collaborate in a meaningful way to ensure that the delivered product meets everyone’s expectations. You can get there from here. We have all gone aboard or below decks on vessels and looked around with a myriad of instantaneous questions forming in our minds as to why the builder would construct a vessel in such a convoluted fashion. Builders will always get the bad rap for any eyesores and systems designs gone awry.
MN 100: Freedman Seating Company
Hyman Freedman began making seat cushions for horse-drawn buggies over 120 years ago. A century later, Freedman Seating Company is still a family owned-and-operated business, producing seats to the highest quality standards, compliant to applicable safety standards. Marine products include light weight aluminum marine seats and notable customers include Kvichak, MidShip Marine, Armstrong Marine, and St. John’s Ship Building.
MN 100: Cummins Marine, Inc.
Global power leader Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins has also created a dedicated Cummins Marine organization within the existing Engine Operating Segment. By consolidating its commercial and recreational teams…
