K&L's Gorton Stresses Critical Role of Jones Act
A former member of the 9-11 Commission recently wrote in The Hill that an âoften overlookedâ benefit of the Jones Act is its role in homeland security and border protection. Former U.S.
Golden Ocean Refinance to Survive Another Tough Year
Dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity, backed by its main owner billionaire John Fredriksen, as it continues to face weak markets for its vessels.
Port Canaveral Joins Green Marine
The Canaveral Port Authority (CPA) has joined the Green Marine environmental certification program, a North American initiative committed to advancing environmental excellence in maritime transportation. This marks a major milestone as the Canaveral Port Authority is the 100th participant to join Green Marine. Commission Chairman Jerry Allender says protecting the environment is one of the portâs most important duties.
Rust Prevention: BioCorr Gets EU Trademark Approval
Cortec Corporation said that its biobased and biodegradable rust preventative, BioCorr, has received registered trademark approval from EU's Office of Harmonization. BioCorr is a water based, ready to use formulation intended for preservation of metals in storage and during transportation. This innovative solution is formulated with renewable raw materials and contains 64% biobased content. It providesâŚ
SST Invests In Fleet Renewal in Canada
Saam Smit Towage Canada takes delivery of new built tug SST Capilano, to be added to the fleet of 21 tugs operated in British Columbia. The addition of this tug will further strengthen the fleet that Saam Smit Towage operates in British Columbia. Saam Smit Towage (SST), a joint venture between SAAM and Royal Boskalis and operating in various locations in the Americas, took delivery of a new tugboat.
Rolls-Royce Mooring System for Giant Crane Vessel
Rolls-Royce has signed a $11.5 million contract to supply the mooring system for the worldâs largest semi-submersible crane vessel (SSCV), Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services. Mooring systems from Rolls-Royce are designed to operate safely in the harshest climatic zones. For this vessel â the âSleipnirâ â Rolls-Royce will deliver a tailor made equipment package for specific operationsâŚ
UKEF Support Brings Success for Blyth
An export win by Blyth Workcats and UK Export Finance, made possible by the governmentâs export finance support. The project â to supply a purpose built catamaranâŚ
New Module Training Series
The training series Design of Marine Auxiliary Systems have been expanded with a new module: âHVAC and refrigeration systemsâ (module 4). This new module provides the participants with the knowledge required to design these systems and perform the necessary calculations in order to do so. The fundamental working principles as well as design considerations and the rules concerning these systems are all covered. The course consists of 4 separate modules.
Grindrod Inks Writedown Charge, Cites Flagging Profit
South Africa's Grindrod flagged as much as 35 percent drop in annual profit on Thursday, after taking a $100 million writedown charge due to a slide in shipping rates and volumes.
Smaller Vessels Push up Baltic Dry Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth consecutive session on Thursday, helped by higher demand for smaller vessels.
China Launches Shipping Giant, Battles Slump
Debut comes as industry battles prolonged downturn. China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analystsâŚ
Progress on SID Convention Weclomed by ICS
The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labour Organization (ILO), co-ordinated employersâ representativesâŚ
Alphatronâs River Radar a Success in Venice
Alphatron Marine announced has, together with its Italian distributor SIRM, signed an agreement with the Azienda del Consorzio Trasporti Veneziano (ACTV) authority for the delivery of 40 river radars for the public transport lines in Venice, Italy. With Venice renowned for its many canals and low bridges, the river radar model JMA-610 was required to undergo special modifications. The scanner unitâŚ
COSCO Says Merger Key to Riding Out Unprecedented Downturn
The scale of the current shipping industry downturn is unprecedented and a merger is key to riding out the tough period, the chairman of new shipping giant, China Cosco Shipping Corporation (COSCOCS)âŚ
Research Priorities Defined for the Arctic
The leading international Arctic research organisations have set common scientific objectives for the coming decade. The indigenous peoples of the Arctic were also involved in this process.
Asia Dry Bulk-Capesize Rates to Stay Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight ratesâŚ
Search On for Missing Diver Near Big Island
The Coast Guard and Hawaii County Fire Department are searching for a missing diver off Puako Beach, Big Island, Wednesday. Missing is 69-year-old Diana Wolking.
Golden Ocean Plans to Raise $200 Mln in Restructuring
Billionaire investor John Fredriksen's dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity as it continues to face weak markets for its vessels, the company said on Thursday. Fredriksen's investment vehicle Hemen Holding, which owns 43.1 percent of Golden Ocean, will invest an amount that is at least equal to its current stake, and other leading shareholders plan to do the same, Golden Ocean added.
Star Bulk Enters Chartering Pool
Star Bulk Carriers Corp. a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into a Capesize vessel poolingâŚ
Santos Port Sets Productivity Record
Brasil Terminal Portuário (BTP), began the New Year with the establishment of two new productivity records. On February 10th while working the 6328 TEU capacity MSC GenevaâŚ
