Greece Hosts Shortsea Shipping Day
Panos Kirnidis, CEO of Palau International Ship Registry (PISR) was one of the first speakers to welcome shortsea shipping experts, owners, charters and sector professionals…
MSC Approves Mooring Measures
The International Maritime Organization (IMO)'s Maritime Safety Committee (MSC) has approved measures to improve the safety for seafarers when mooring ships.Danish…
GasLog Partners Wins Gunvor Charter
The liquefied natural gas (LNG) tanker partnership GasLog Partners announced today that one of its subsidiaries has entered into a three-and-a-half-year charter…
HMM Rescues Crew of Norwegian Tanker
South Korean shipping firm Hyundai Merchant Marine Co said in a press statement that its cargo ship, Hyundai Dubai, rescued all 23 crew members of the Norwegian oil tanker Front Altair…
Hapag-Lloyd Pays Off Bond
German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75…
Diana Shipping Sells Thetis
Diana Shipping, through a separate wholly-owned subsidiary, has entered into a Memorandum of Agreement to sell the 2004-built Panamax bulker m/v Thetis to an undisclosed…
DNV GL Names New Vice Chair
International accredited registrar and classification society DNV GL has announced that Jon Fredrik Baksaas has been appointed the Vice Chair of its Board of Directors.The…
Research: Ammonia as Marine Fuel Feasible
According to research by C-Job Naval Architects, Ammonia can be safely and effectively applied as a marine fuel to reduce harmful emissions in the maritime industry.The research uses a new concept design, an ammonia carrier fueled by its own cargo, to study the concept of using ammonia as a marine fuel and achieve a significant reduction in greenhouse gas emissions in shipping. It shows ammonia can be used as marine fuel if a number of safety measures are included in the design.
Analysis: Strait of Hormuz and the Risk of Escalation
The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution in 1979. Iran has periodically threatened to close the strait to enemy shipping, while the United States and its allies have pledged to keep it open and maintain freedom of navigation, by force if necessary.The strait…
Defense Show Set for Denmark in September
Major naval and maritime exhibition set for Copenhagen Sept. 3-6, 2019; MAST NOCO 2019 will be the biggest military conference in Denmark everThe maritime world will meet at MAST NOCO 2019 in Copenhagen September 3-6, 2019. MAST, which stands for Maritime Systems and Technologies, encompasses a series of global conference and exhibitions. The year’s MAST NOCO 2019, which takes place at the same time as the Northern Coasts (NOCO) 2019 multinational naval exercises…
UN Calls for Investigation on Tanker Attacks
United Nations Secretary-General Antonio Guterres called on Friday for an independent investigation to establish the facts and who was responsible for attacks on…
Maritime, Measles & Quarantine
Measles is a highly contagious infectious disease. It is so contagious that 90% of non-immune persons will become infected if an infected person is in the immediate vacinity. It is an airborne disease spread through coughs, sneezes, and contact with saliva or nasal secretions. The virus can live for up to two hours in infected airspace or on infected surfaces. Individuals are infectious from four days before symptoms appear until four days after the patient is symptom-free.
Fincantieri, Naval Group Create JV
Fincantieri and Naval Group signed the Alliance Cooperation Agreement, which sets out the operational terms for the incorporation of a 50/50 owned joint venture.The agreement embodies the contents of the “Poseidon” project” and paves the way towards a broader alliance aimed at reinforcing their military naval cooperation as well as creating a more efficient European shipbuilding industry.The agreement was signed by the CEOs of the two companies…
Kadow tapped to head AGCS Marine
Allianz Global Corporate & Specialty SE (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who is leaving Allianz. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.Kadow has led AGCS’ Canadian business since May 2015…
GD NASSCO to Christen Matson Containership
General Dynamics NASSCO will hold a special event to christen and launch the containership Lurline on Saturday, June 15. Lurline is an 870-foot-long, 3,500 TEU, 44…
U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes
The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf powers tasked with policing vital commercial waters may be of limited use against the asymmetric warfare tactics suspected in recent operations, including naval mines.Six tankers have been hit in the past month in two attacks near the Strait of Hormuz…
Offshore wind: One-stop Power Conversion
With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to. Yaskawa’s The Switch — a Japanese industrial giant’s European environmental tech business — is offering one-stop wind-energy shopping.
Ship Insurance Costs Soar After Tanker Attacks
Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as regional tensions escalate, ship insurers said.The attacks have already stoked concerns about reduced flows of crude oil on one of the world's key shipping routes, pushing up oil prices by as much as 4.5%.Some…
COFCO in Talks to Buy Stake in Russian Port Grain Terminal
Top Chinese grain trader COFCO is in talks about buying a shareholding in a grain export terminal in the Russian port of Novorossiysk as part of its expansion in Europe, sources said on Friday.COFCO is understood to be in talks about buying a shareholding of about 25% in the KSK deep water grain terminal in Novorossiysk, three sources said.Talks are being held with the terminal owner, Russian company Deloports Ltd.
French, Italian Shipbuilders Forge Naval Alliance
France and Italy forged a military shipbuilding alliance on Friday, as state-controlled Naval Group and Fincantieri signed off on a 50-50 joint venture that will bid for Franco-Italian warship projects and sell to the world market.The alliance reflects the two countries' desire to fend off competition in naval shipbuilding from the likes of China, the United States and Russia.It is targeting orders worth up to 5 billion euros ($5.63 billion) over the next decade.
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