Gener8 Maritime Reports 4Q Loss of $45.4 mln
The New York-based Gener8 Maritime Inc. (GNRT) reported a loss of $45.4 million for the fourth-quarter ended December 31, 2017, after reporting a profit of $5.8ā¦
Danish Maritime Authority Conference on EfficienSea2
The Danish Maritime Authority (DMA) is hosting the final conference of the EU-funded digitalisation project EfficienSea2 on the 5th and 6th of April. 32 partnersā¦
Ocean Signal Introduces New AIS Transponders
Ocean Signal has rolled out its new ATA100 Class A and ATB1 Class B AIS transponders as fully compliant solutions to increase visibility, aid collision-avoidance and enhance navigational safety for a range of commercial workboats, support vessels and fishing boats. The AIS transponders were unveiled for the first time at Asia Pacific Maritime. The ATA100 is a combined SOLAS and Inland approved singleā¦
Prysmian to Order Cable Layer Newbuild
Prysmian Group announced it will invest more than ā¬170 million ($210.3 million) in a new cable laying vessel to be delivered by the second quarter of 2020. The groupā¦
Op/Ed: Disconnect from River to Washington
Just before the anticipation of good things to come on Valentineās Day, on February 12, the inland waterways transportation industry was left feeling disappointed and puzzled after the release of the long-awaited Trump Administration infrastructure principles, and then the release of President Trumpās FY 2019 budget request. During the Presidential campaign, then-candidate Trump said he would undertake a $1 trillion infrastructure initiative that would focus on a wide array of projectsā¦
Offshore Wind Drives Demand for US Support Vessels
The offshore energy boom: more than wind. Domestic offshore wind also promises to generate demand for new, efficiently propelled support vessels. The U.S. offshore wind farm industry, now in its infancy, is on the verge of a massive growth surge, and the boom will be felt throughout the American maritime industry. The U.S. Office of Energy Efficiency and Renewable Energy reported last year that thereā¦
Sanmar Orders 42 Rolls-Royce Thrusters
Rolls-Royce said it has secured an extensive supply order from long-time collaborator Sanmar Shipyards for propulsion and deck equipment for tugboats the Turkish shipyard is building for various customers. The scope of supply includes 42 Rolls-Royce US 205/255 azimuth thrusters for 21 harbor/terminal/escort tugs in the 60-, 70- and 80-metric-ton bollard-pull range and high-pressure hydraulic towing winched for the 80-metric-ton models.
Schoellhorn-Albrecht Wins OPC Subcontract
Marine equipment manufacturer Schoellhorn-Albrecht said it has been awarded a subcontract from Eastern Shipbuilding Group (ESG) to design and build various equipment for the U.S. Coast Guard Offshore Patrol Cutters (OPC). Schoellhorn-Albrecht was selected for the deck machinery, deck fittings, accommodation ladder system and structural castings including the shaft strut and stern tube. The OPC is the U.S. Coast Guardās largest shipbuilding program. The U.S.
Ørbeck-Nilssen Sets Out Transformation of IACS at CMA
Speaking at Shipping 2018, the Connecticut Maritime Associationās (CMA) annual conference, Knut Ørbeck-Nilssen, CEO of DNV GL ā Maritime and IACS Chairman, looked at some of the initiatives taken at the International Association of Classification Societies (IACS) that were changing the organization. āIt is my duty and honor to encourage the worldās biggest classification societies to pull togetherā¦
Noble Group Share Trading Halted
Trading in shares of Noble Group was halted on Wednesday, just days after the commodities trader said it was very close to reaching final terms with a group of seniorā¦
Boskalis Chief Scoops Up More Company Shares
Royal Boskalis Westminster N.V. announced that its CEO Peter Berdowski today acquired 50,000 Boskalis shares. The shares were purchased by Berdowski with his own funds through a bank.
Djibouti Says Its Container Port to Remain in State Hands
Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location is of strategic value to countries such as the United States, China, Japan and former colonial power France, all of whom have military bases there.
BAE Systems Names Wolstenholme MD in the UK
Andrew Wolstenholme OBE will join BAE Systems plc from May 24, 2018, in a newly-created role on the Executive Committee as Group Managing Director, Maritime and Land UK.
DNV GL Opens LNG Test Center
DNV GL opens LNG test center. The facility, at the organizationās existing renewable energy technology and gas laboratory site is the first type of facility withā¦
Virtue Investment Pumping up to $5 Mln into PBES
PBES and Virtue Investment Fund today announced the completion of terms and transfer of first tranche of funds for an investment into PBESā parent company TTB Holdings.
Mercury Marine Mourns Loss of Charlie Strang
Mercury Marine is saddened by the death of Charles āCharlieā Strang who served as Carl Kiekhaeferās top engineer for 13 years at Mercury Marine. After leaving Mercury, he served as Director of Outboard Marine Engineering (OMC) and later CEO and Chairman of the Board. Strang, 96, was also known as the creator of the sterndrive engine, sketching the first sterndrive in 1948 while attending MIT. Strangās mother, Ann, is responsible for the famous Mercury Phantom Black engine color.
Port of Oakland Targets 2.6 mln 20-foot Containers by 2022
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called āGrowth with Care,ā the plan envisionsā¦
First Arkas Line Ship To Dock In Contship Ravenna
Natalia A container ship that belongs to Turkish ARKAS shipping line is docked in Contship Ravenna ā the Contship Italia Group gateway on the Adriatic Sea. The Nataliaā¦
Port of Rotterdam for Ambitious Investment
The solid financial results allow the Port of Rotterdam Authority to carry out an ambitious investment programme, which is intended to help the Rotterdam port maintainā¦
European Shipowners on US Steel, Aluminium Tariffs
European shipowners disagree with the US President Trump's decision to impose additional duties on imports of certain steel and aluminium products into the United States.
