Wärtsilä Offloads its WinGD Stake to CSSC
In a prepared statement China State Shipbuilding Corporation (CSSC) and Wärtsilä announced that Wärtsilä transferred its 30% shareholding in Winterthur Gas & Diesel Ltd. (WinGD), headquartered in Winterthur, Switzerland, to CSSC, one of the largest shipping conglomerates in China. WinGD will continue as an independent, international company to develop and innovate its two-stroke low-speed marine engine portfolio serving merchant markets and customers worldwide.
Schottel's New Coating Systems for Rudderpropellers
Schottel now offers a new coating system for its Rudderpropellers. According to the manufacturer, the result is maximum corrosion protection due to optimized resistance to abrasion and greater adhesive force in combination with thicker coats of paint. The underwater elements of the propulsion unit are coated with several layers of extremely hard, two-component epoxy resin. Compared with a conventional standard coating…
UK Sets Pathway to Marine Engineering
The Lord Mayor of the City of London, Lord Mountevans, lent his weight to the launch of a new three-year project designed to inspire and engage young people across the U.K. in thinking about a future in marine engineering. It is being led by maritime charity Seafarers UK, in conjunction with its delivery partner Sea Cadets. The launch of the project was announced to more than 150 of Seafarers UK’s supporters and beneficiaries at the charity’s Annual Meeting at Mansion House on Wednesday…
Condition-based Monitoring for MOL’s New Tanker
Mitsui O.S.K. Lines (MOL) has introduced ClassNK Consulting Service’s condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX on the M/V Taranaki Sun, marking…
EU Gives Med Mission Okay to Search for Libya-bound Arms
EU maritime mission gains more power to seize weapons; also says moves will help break migrant smuggling gangs. The European Union on Monday gave its naval force…
Baltic Index Down as Capesize Demand Disappoints
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its fall Monday on weaker demand for capesize vessels.
Gulf of Mexico Storm heads for Mexico
A tropical depression over the Gulf of Mexico was expected to strengthen to a tropical storm before coming ashore in southeastern Mexico on Monday and bringing torrential…
Two Dead in Crew Attack on board Fishing Vessel
Vietnamese crewmen held over killing of S.Korea ship captain, engineer. Two Vietnamese crewmen on a South Korean fishing vessel in the Indian Ocean have allegedly…
Southeast Asian Nations Designate Safe Shipping Corridor
Indonesia, Malaysia and the Philippines on Monday agreed to designate a transit corridor for commercial vessels crossing a maritime zone hit by a spate of hijackings…
Mein Schiff 5 delivered to TUI Cruises Ahead of Schedule
Today, ten days ahead of schedule, TUI Cruises took delivery of Mein Schiff 5 from the Meyer Turku shipyard. Wybcke Meier and Frank Kuhlmann, CEO and CFO of TUI Cruises, together with Dr.
Arora Promoted to MD of Elektrans Shipping
Elektrans Group has promoted Capt. Deepak Arora to Managing Director of Elektrans Shipping Pvt. Ltd. Arora has been with the Elektrans Group for four years during…
DNV GL: Enhancing Fire Safety on Ro-Ro Decks
DNV GL has issued a report on fire incidents in Ro-Ro spaces to address growing safety concerns in this segment and provide guidance to shipowners. DNV GL’s “Fires…
Interim Guidelines on Maritime Cyber Risk Management Approved
The Maritime Safety Committee of the International Maritime Organisation at its ninety sixth session (11 to 20 May 2016), having considered the urgent need to raise…
Bimco Opens Office In Singapore
BIMCO has opened a new regional office in Singapore in order to increase services to its members in the Southeast Asia region and boost collaborations with regional maritime associations.
Industry Unprepared for New Container Weighing Rules, says IUMI
Helle Hammer, Managing Director Cefor & Chair of the International Union of Marine Insurance (IUMI) Political Forum discuss about Container Weighing Rules. As of 1 July 2016…
Tanker Contamination Claims
One of the most common areas of bulk oil cargo claims is cargo contamination which occurs during the transfer of bulk liquid cargoes, says Captain Paul D. Hall…
IUMI Position Paper on the Offshore Safety Directive
Neil Roberts, Manager, Marine and Aviation, Lloyd’s Market Association (LMA), United Kingdom, and International Union of Marine Insurance (IUMI) Ocean Hull Committee…
Navig8 Tankers Pact with CMB
Navig8 Chemical Tankers Inc. has signed sale and leaseback agreements with CMB Financial Leasing Co. Ltd. (CMB) for three of its IMO2 37,000 dwt Interline coated tankers.
DVB Bank to Dispose GOL's Six Vessels
DVB Group Merchant Bank (Asia) Ltd, a unit of Germany’s DVB Bank SE, can now go ahead and seek bids for selling six ships of GOL Offshore, earlier known as Great Offshore Ltd…
Panama Canal: Expansion and Impact
Panama Canal expansion opens June 26 amid much fanfare and one of the worst shipping industry slumps ever. WSJ says, while it won’t do anything to help the dire state of the industry near-term…
