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.
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…
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.
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.
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…
Calif. Forum Examines Transport ‘Beyond Traffic’
U.S. Maritime Administrator Paul “Chip” Jaenichen and Long Beach Vice Mayor Suja Lowenthal today hosted the third of 11 nationwide regional forums on the Beyond Traffic draft framework at Long Beach Convention Center. The Beyond Traffic report examines the trends and choices facing America’s transportation infrastructure over the next three decades, including a rapidly growing population, increasing freight volume…
Lock Closure Causes Big Losses on the Great Lakes
The 20-day closure of the MacArthur Lock at Sault Ste. Marie, Michigan cost U.S.-flag Great Lakes vessel operators nearly $250,000, according to the Lake Carriers’ Association (LCA). A misalignment of the miter gates forced the U.S. Army Corps of Engineers to close the lock on July 29, and it remained out of service until August 17. During those 20 days, U.S.-flag lakers were delayed 77 times for a total of 6.5 days. The cargoes delayed topped 1.8 million tons.
SBM Offshore Invited to Participate in Petrobras Tenders
Netherlands-based floating production solutions provider SBM Offshore announced that its main Brazilian subsidiary has received written notification from Petrobras…
Manual Reporting Software Features Integrated Analysis
![Bluetracker[Express] for fleet-wide uniform onboard manual data collection includes the benefit of Bluetracker Web Applications (Image: INTERSCHALT)](https://images.marinelink.com/images/maritime/w100h1500/kerexpress-for-fleetwide-uniform-onboard-50245.jpg)
INTERSCHALT maritime systems AG, a provider of maritime software for cargo and fleet management, presented its solution for vessel performance monitoring, reporting and analysis software to industry professionals at the 5th International Conference on Ship Efficiency in Hamburg, Germany. The Bluetracker package from INTERSCHALT covers all the current requirements related to the efficiency management of a ship or entire fleet.
Glencore Assets Plunge But Hope for Bondholders Remains
Glencore's debt and equity plunged on Monday on the back of a damning analyst note, with only the commodity firm's shortest bonds maturing this year managing to resist the sell-off.
Baltic Sea Freight Index Remains Flat
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained unchanged on Monday. The overall index, which…
