OSM Looks to Boost Mozambique Maritime Education
OSM Maritime Group says it is aiming to make the shipping industry accessible to all as part of its involvement in the UN Global Compact (UNGC) initiative. The ship management company,has signed a MOU to re-launch the Mozambican Higher School of Nautical Sciences. It is also actively working to increase the number of females in its global pool of 11,000 qualified seafarers. OSM is one of the first companies in the ship management segment to join the UNGC.
BUG-O Names Director, Sales and Marketing
Scott Thayer has joined BUG-O Products as Director of Sales and Marketing on February 26, 2018. Scott brings with him nearly 30 years of experience in the welding…
Hendry Marine Adds New Drydock
Hendry Marine Industries, Inc. (HMI) (along with its affiliated companies Gulf Marine Repair Corporation, Universal Environmental Solutions, LLC, and Anchor Sandblasting and Coatings, LLC) offers a broad range of maritime services in Port Tampa Bay, including commercial and government ship repair, steel fabrication, gas-freeing, tank cleaning, slop services, lead and asbestos abatement, brokered waste and blasting and coating.
Tech File: Fuel Monitoring Matters
Whether you choose distillates, liquefied natural gas (LNG) or scrubbers to meet the new International Maritime Organization (IMO) fuel regulations in 2020, it will be ever more critical to regularly monitor the condition of vital equipment to ensure there is no adverse affect on operational efficiency. Industry opinion ahead of the implementation of the 2020 global sulphur cap remains fragmented to say the least.
Demanding Times for DSC Dredge
The dynamic dredge builder navigates a complicated dredge building market by augmenting an impressive array of standard equipment with a customized approach that…
OSVDPA Announces MSC Approval of OSVDPA Credentials
U.S. Navy’s Sealift Body Accepting OSVDPA DPO Certificates. The Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA) announced the U.S. Navy’s Military…
SKY Perfect JSAT to Invest $4.5 Mln in KVH
KVH Industries, Inc., announced today that its longtime satellite capacity partner SKY Perfect JSAT Corporation (SJC) has agreed to invest $4.5 million in KVH as part of the two companies’ ongoing commitment to deliver next-generation maritime broadband services. KVH and SJC intend to collaborate on value-added services in the area of shipping digitalization and improved broadband access at sea. SJC…
Baltic Index Edges Up to One-month High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, crept higher on Wednesday to hit a one-month high, supported by stronger demand for smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.34 percent, at 1,192 points, a peak since Jan. 29. It gained about 3.5 percent in February and notched the first gain in three months.
Sotzing Joins Sea Machines as Engineering Director
Boston-based developer of autonomous vessel technology Sea Machines Robotics has hired Chris Sotzing as director of engineering. Sotzing will be responsible for the development and deployment of the company’s Sea Machines 300 technology system, as well as managing the engineering team. He reports to COO Jim Daly from the Boston office. Sotzing joins Sea Machines from SeeByte, where he served as an engineering manager supporting unmanned vehicle technologies in Boston.
#BTC100 History
In 1951, under the leadership of Capt. Fred’s son, Morton S. Bouchard Sr., (A.K.A. “Buster” Bouchard), the company builds three 20,000 barrel oil barges and three accompanying tugboats, which ran the New York State Barge Canal. The construction of these vessels would then, in the years that followed, lead to Buster’s position as a prominent figure within the oil transportation industry. The July 2018…
4G Connect: Internet Afloat for Commercial Users
Now available in most coastal areas, 4G LTE cellular connectivity provides a very effective, low cost and fast solution for internet connectivity while in port or coastal waters when users want fast access for entertainment and browsing. Digital Yacht said its new 4G Connect solution is geared for workboat, ferry and utility users as well as commercial ships, is simple to fit and can offer ranges of up to 20NM offshore with super-fast connect speeds.
Bureau Veritas Launches Worldwide E-certification
Bureau Veritas said it is now issuing both classification and statutory e-certificates after having successfully piloted the program with ship owners and flag states. Bureau Veritas digital certificates may now be issued on behalf of 52 flag states, representing 72 percent of the Bureau Veritas classed fleet. “With a significant number of flag states providing their support to this project we now expect to see the rapid development of e-certification.
HMC, JF Moore to Form Joint Venture
Dutch firm HMC and U.S. based JF Moore group announced the establishment of a joint venture under the name JFMooreHMC, enabling both organizations to broaden exploration…
MC-Class Vessels Incorporated in BigLift Fleet
This week, BigLift Shipping’s BigLift Baffin arrived in Singapore to deliver a crane boom and luffing frame for Heerema Marine Contractor’s new flag ship Sleipnir from the Huisman wharf in Xiamen…
Team Tankers Announces $206 Mln Acquisitions
206 MILLION Acquisition of Laurin Shipping AB, Anglo-Atlantic Steampship and related entities announced. Upon completion of tranactions, Team Tankers' fleet will grow to 52 from 37 vessels.
LNG Carrier Seri Camar Delivered to MISC
MISC Group has taken delivery of the 150,200 CBM liquefied natural gas (LNG) carrier Seri Camar, the fourth in a series of five newbuild MOSS-Type Seri C Class vessels built by Hyundai Heavy Industries (HHI). Owned by MISC, the Malaysian-flagged Seri Camar joins sister vessels Seri Cenderawasih, Seri Camellia and Seri Cempaka on long-term charter to PETRONAS. The delivery brings the current number of MISC’s LNG fleet to 28 vessels.
HSH Nordbank Sold to Buyout groups Cerberus, Flowers
Germany's HSH Nordbank, formerly the world's largest ship financier, is being sold to private equity firms as it emerges from crippling writedowns and state bailouts…
Hapag Lloyd Triples 2017 Profit
Full-year operating profit up by 226 percent; full figures, guidance due on March 28. German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled…
Tanker Scrapping is on the Rise -Vessels Value
Tanker demolition is on the rise as 3.5 million DWT has been scrapped so far in 2018, according to Vessels Value. Each factor played a part as the decision to remove a ship from service varies depending on the financial situation of the owner. Some may be motivated as the $/t offered price offsets enough of their remaining mortgage on a ship to allow them to move out of a low cashflow market, while others may remove a ship after it completes a long-term storage contract.
First Daegu-class Frigate Delivered to Korean Navy
The Republic of Korea Navy (RoKN) has taken delivery of its first Daegu-class (FFX-II) frigate. South Korea’s defense procurement agency, Defense Acquisition Program…
