Perfect Storm Turns Permanent for Struggling German Ship Lenders
Germany's shipping lenders are preparing for sustained pain as weakening trade and an over-supply of ships show no signs of easing, industry officials said. Europe'sā¦
Maid of the Loch: Historic Rebuild Deal Signed
![Maid of the Loch at Balloch Pier [Photo: Loch Lomond Steamship Company]](https://images.marinelink.com/images/maritime/w100h1500/maid-of-the-loch-at-55864.jpeg)
The first contract to be let in the £5.5 million project to rebuild the Maid of the Loch, Loch Lomondās Paddle Steamer, was signed on Monday, February 22, 2016. The contract has been awarded to OSD-IMT Ltd., of Dundee, and is for marine consultancy services. OSD will provide the necessary naval architecture, engineering, structure, and outfitting expertise to produce all the required calculations, drawings and designs to ensure that the rebuild meets all regulatory requirements.
Simple Steps to Futureproof the Shipping Industry
Senior decision makers from all sectors of the shipping industry met in Hamburg yesterday to hear some of the leaders in the digital revolution debate the opportunities and threats faced by the industry today. Although operating in many different fields, their conclusion was startlingly clear. To navigate successfully and profitably in the digital age, ship operators must go back to basics, steeringā¦
Vesconite: Fast Turnaround on Rudder Bearings
Workboats, ships and megayachts rely on large and extra-large rudder bearings. Having a vessel in dry dock for days or weeks while waiting for an oversized bearing is costly and frustrating, said Vesconite, whose machined Vesconite and Vesconite Superclad replacementsāup to 10' in diameter with practically any wall thicknessāare available for immediate shipment from a global network of dedicated dealers, and with fast turnaround times for custom sizes.
Workboat Communications Evolve to Meet Myriad Missions
Choosing next generation communication systems for professional marine operations can be a daunting task. Not to worry: John Haynes provides a primer. Over the past decade we have come to expect fast, seamless global communications from a single device that fits in our pocket. The age of the smart phone and tablet enables multiple voices talking in a conference call and real time transfer of data, ranging from documents to photos and videos.
Argo Navis Signs onto the Choice Alliance
Choice Ballast Solutions and Argo Navis have signed an agreement to expand engineering resources and capabilities for Choice Alliance, founded by Drew Marine and Choice Ballast Solutions. Along with Drew Marine and Choice, Argo Navis will contribute to Choice Alliance to expand resources, capabilities and reach, by providing ship owners with BWT compliance planning, integration engineering, project management, fabrication, installation, compliance assessment and service.
Rebranded Marlink Adopts a New Identity
The commercial satellite communication division of Airbus Defence and Space has been rebranded as Marlink, now grouping all maritime and enterprise satcom activities under one brand. Marlinkās communication solutions for maritime and land customers are now offered through its established direct and indirect sales channels. Marlink said it will deploy a segment-based approach, ensuring expert focusā¦
Coast Guard Vessel Capsizes During Rescue Mission
U.S. Coast Guard Station Jones Beach crewmembers swam to shore after their rescue boat capsized in rough waters near East Rockaway Inlet, today. At approximately 2 a.m.ā¦
Navy Competes for Resources at Home, against Asymmetric Threats Abroad
The U.S. Navy Chief of Naval Operations Adm. The document presents Richardsonās priorities with four ālines of effortā to strengthen naval power at and from the sea; achieve high velocity learning at every level; strengthen our Navy team for the futureā and expand and strengthen our network of partners. It isnāt an earth-shattering document, and perhaps is most telling for what it doesnāt say, as opposed to what is says.
LR, UK P&I Club Launch Life-Saving Appliances Checklist
Lloyd's Register (LR) and the UK P&I Club have released a Life-Saving Appliances pocket checklist app to help ensure that ship personnel are trained in how to inspectā¦
'World's Greenest Containership' Calls Red Sea Gateway
United Arab Shipping Company (UASC) and Red Sea Gateway Terminal (RSGT) celebrated the worldās greenest ultra-large container vessel 18,800TEU M.V. Al Nefud during its maiden call to RSGT at Jeddah Islamic Port today. The event was attended by Dr. Nabeel Al-Amudi, President of the Saudi Ports Authority and Chairman of UASC, Mr. Waleed Al Dawood, COO at UASC and Mohammed Al-Mudarres, CEO at Saudi Industrial Services Company (SISCO)ā¦
Baltic Index Up for Tenth Consective Session
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, rose for the tenth straight session on Thursday, helpedā¦
Arctic Thaw Presents Shipping Risks to Environment
Rising average temperatures are melting ice; the call goes out for heavy fuel oil to be regulated in Arctic. The Arctic is thawing even faster than lawmakers canā¦
Sub M 90 Program Underway
MarineCFO Offers Vessel365 & Homeport365. Industry technology services provider, MarineCFO, has announced the āSub M 90ā Program commencing February 25, 2016 and terminating June 22, 2016.
Ensco plc Report Loss
LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014.
āMOL Wins "Merit at Environmental Communication Awards"
Mitsui O.S.K. Lines, Ltd. today announced that the āMOL Group Safety, Environmental and Social Report 2015ā(*1) received the Award of Merit in Environmental Reportā¦
CNO, MCPON Engage Norfolk Sailors
Chief of Naval Operations (CNO) Adm. John Richardson and Master Chief Petty Officer of the Navy (MCPON) Mike Stevens visited Sailors and toured naval activities in Norfolk, Va. Feb. 24.
Lucas is Director, Customer Service & Membership, Suntex Marinas
Suntex Marinas, an owner and operator of marina properties, announced today the promotion of Martin Lucas to the role of Director of Customer Service and Memberships.
Royal IHC Delivers another Dutch Dredger
On February 18, 2016, Royal IHC delivered the trailing suction hopper dredger (TSHD) Mahury to Baggerbedrijf de Boer ā Dutch Dredging. The twin-screw TSHD was built at IHCās partner shipyardā¦
Transocean 4Q Revenue Up
Transocean Ltd. Revenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior periodā¦
