The Carlyle Group, Stellex Capital Complete Acquisition of Vigor, MHI
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.Marcotuli brings more than 30 years of leadership experience in the defense and manufacturing industries.
AIDA Cruises to Pilot Trial of Fuel Cell System
Carnival Corporation announced its Germany-based brand, AIDA Cruises, has partnered with leaders from the maritime and engineering sectors to pilot the world’s first fuel cell system designed to power large passenger vessels. As early as 2021, AIDA Cruises will trial this innovative fuel technology on AIDAnova, becoming the cruise industry’s first brand to trial fuel cells on a large cruise ship.The research project…
Danish Suppliers Facilitate Sustainable Transport
The global shipping industry is facing requirements for substantial reductions in emissions and for creating a more sustainable transport in order to meet UN’s Sustainable Development Goals. At Kormarine 2019, 15 Danish suppliers of marine technology and services will be exhibiting their solutions that can help shipowners accelerate the move towards sustainability. According to Mark Lerche, Head of Marine…
Incat Crowther Launches 45m Cat for AZAM
Incat Crowther has announced the launch of Kilimanjaro VII, a 45m catamaran passenger ferry for AzamMarine of Tanzania, Africa. This vessel is the tenth vessel designed by Incat Crowther for the operator, and theseventh vessel built for the operator by Richardson Devine Marine.The 500-passenger, 35 knot vessel features the operator’s trademark parallel boarding system, whereby fiveramps per side load passenger and cargo in segregated flows.
Wärtsilä and Norsepower Sign Agreement
The technology group Wärtsilä and Norsepower, a provider of low maintenance, software operated, data verified auxiliary wind propulsion systems, have signed a service cooperation agreement. This will enable Norsepower to order service work from Wärtsilä, while Wärtsilä can pursue and sell Norsepower Rotor Sail projects with support from Norsepower. The agreement was signed in Q3 2019.With the growth of Norsepower’s manufacturing capacity and the anticipated increasing demand for its Rotor Sails…
Addressing Invasive Species in Ships’ Ballast Water
The BWM Convention amendments formalizing the implementation schedule for the D-2 standard are now in force. Amendments to an international treaty aimed at preventing the spread of potentially invasive species in ships' ballast water entered into force on October 13, 2019.Ships regularly take on sea water, in tanks, to ensure their stability. Known as ballast water, this can contain many aquatic species, including in microscopic or larval form.
Wrangling Big Data Into Actionable Intel
Social media, cameras, sensors and more generate huge amounts of data that can overwhelm analysts sifting through it all for meaningful, actionable information to provide decision-makers such as political leaders and field commanders responding to security threats.Sandia National Laboratories researchers are working to lessen that burden by developing the science to gather insights from data in nearly…
ABS Brings Together Taiwan's Industry Leaders
Taiwan’s maritime industry leaders met to debate decarbonization, digital technologies and the future of safety at the annual ABS Taiwan National Committee meeting.“As the leading class organization in Taiwan, ABS is able to call on the expertise of leaders to inform our approach to meeting industry challenges such as meeting IMO 2030 and 2050 objectives while ensuring safety standards are not compromised and keep pace with technological challenges,” said Christopher J.
Iran President: Video Footage of Attack on Iranian Tanker
Iran's President Hassan Rouhani said an Iranian tanker damaged in the Red Sea on Friday had been hit by at least two rockets, and there is video footage of the incident.Iranian…
Baltic Index Edges Lower as Capesize Rates Slip
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Monday on weaker capesize vessel rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 8 points, or 0.4%, to 1,916.* The capesize index dropped 36 points, or 1.1%, to 3,254.* The average daily earnings for capesizes, which typically transport 170…
Japan Cancels Maritime Fleet Review after Typhoon
Japan has cancelled a maritime fleet review planned for Monday, a spokesman for the Maritime Self-Defence Force said, after a fierce typhoon pounded Tokyo and surrounding regions over the weekend…
Cargo Ship Found Sunk near Tokyo after Typhoon
A Panama-registered cargo ship was found sunk in waters near Tokyo on Sunday after authorities lost track of it as Typhoon Hagibis lashed Japan, the transport ministry said…
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