World First: Patrol Vessels Deploy 3D Printers
3D printing technology developed in Darwin will be deployed by the Royal Australian Navy in a world-first trial that will streamline the maintenance of patrol vessels.The…
GOGL Profits Up in Q3
The Bermuda registered, Norway based dry bulk shipping company Golden Ocean Group (GOGL) announced a net income of $36.7 million and earnings per share of $0.26…
Dualog, NYK Sign Cyber-Risk Contract
Japanese shipping company NYK has signed a long-term industrial research and development project agreement with Tromsø-based Dualog which aims to result in a cutting…
ICS Opens China Liaison Office in Hong Kong
The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday…
CG Cutter Stratton Returns After 162 Days
The crew aboard the U.S. Coast Guard Cutter Stratton (WMSL 752) is scheduled to return Friday to their home port of Alameda following a 162-day deployment to the Western Pacific Ocean.In the Western Pacific, the crew patrolled and conducted operations as directed, including enforcing United Nations Security Council resolutions against the Democratic People’s Republic of Korea by monitoring and gathering intelligence on vessels conducting ship-to-ship transfers in the East China…
Interview: Boriana Farrar, Ship Owners Claims Bureau
Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club. We met with her in her NYC office to discuss her path from her native Bulgaria to a top maritime professional position.When Boriana Farrar moved from her native Bulgaria to the United States in 2001…
Inmarsat, IT Partners Bring IP-based Broadband to Fisheries Market
Real-time fisheries management and governance to ensure robust quota compliance and safeguard sustainable fishing.Inmarsat, along with its partners Addvalue Innovation Pte Ltd (Addvalue) and Network Innovations, have launched a type-approved IP-based terminal and Vessel Monitoring System (VMS) for fishing vessels operating in United States (U.S.) waters. The Addvalue iFleetONE communications terminal and proprietary VMS have been type-approved in four of the five U.S.
Naval Group Opens R&D Center in Singapore
Naval Group launched an R&D center in Singapore for strategic naval defense research topics.This international collaborative platform of exchanges located in Singapore will respond to a triple objective: boost innovation in new strategic domains such as Big Data and Artificial Intelligence, create a supply of innovative technologies for the regional market as well as supporting the joint effort led by both Singapore and France regarding R&D investments.With this center…
Swiss Chide EU Over Steel Import Curbs
Switzerland criticized on Thursday measures the European Union has adopted to curb steel imports amid a global trade spat, saying they harmed the Swiss steel industry.The European Commission last month revised safeguard measures introduced in July 2018 and decided to reduce the annual increase in quota volumes, the government said in a summary of talks on the status of a bilateral free trade deal.
Baltic Index Drops On Capesize Rates
The Baltic Exchange's main sea freight index ticked lower for a sixth straight session on Thursday, hurt by weaker demand for capesize vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 5 points, or 0.4%, at 1,255 points.* The capesize index fell 34 points, or 1.4%, to 2,401 points, it's lowest since June 18.* Average daily earnings for capesizes…
Damen Road Ferry Launched in Romania
The Amherst Islander II, a Damen Road Ferry 6819 E3, was launched on November 14 at Damen Shipyards Galati in Romania.Amherst Islander II is part of a two vessel order that Damen will deliver to the Ministry of Transportation Ontario. The E3 ferries will be among the first passenger/car ferries in North America with the ability to operate fully electric and promise to reduce the amount of emissions…
SAFETY: Dollars & Sense
Make a Profit with a Safety Management System (SMS).Organizations in the maritime industry act no differently than any other successful global business unit. Major decisions are made with a certain underlying commitment – a commitment to customers, stakeholders and employees. That commitment can be oversimplified by stating the obvious, to generate revenue, but more specifically generate profits. Without profits, the company will not only fail to thrive, but will fail to survive.
Using Data, Batteries OSV Operator Cuts Consumption 20%
Golden Energy Offshore, Kongsberg collaborate to reduce operational fuel consumption.While vessel owners mull a myriad of fuel and emission reduction technologies, Norwegian Offshore Service Vessel (OSV) owner and operator Golden Energy Offshore reports a 20% operational fuel savings courtesy of its work on vessel performance monitoring with Kongsberg Maritime, a collaboration which includes the deployment…
Taking CBM to the ‘Next Level’
As ship owners increasingly use data to schedule ship equipment maintenance, evolving from a calendar-based to a condition-based maintenance (CBM) regimen, Wärtsilä launches its Expert Insight predictive maintenance product, a digital product designed to enable customer support to be delivered proactively by Wärtsilä Expertise Centers to ensure long-term accurate insight for their predictive maintenance strategies.
Japanese Trio Orders Wind Turbine Installer
Penta-Ocean Construction, Kajima Corporation, and Yorigami Maritime Construction have agreed to jointly construct a wind farm installation vessel capable of installing…
NJ Governor Doubles Offshore Wind Goal
As New Jersey steps up efforts to eliminate fossil fuels over the next three decades, the state is more than doubling its target for offshore-wind energy production…
Ponant Orders Two Ships from Fincantieri
Italian shipbuilder Fincantieri has signed a memorandum of agreement (MoA) to design and construct two new-generation luxury expedition cruise ships for French cruise…
Cargo Biz Grows at Hamburg Port
Germany’s largest universal port, the Port of Hamburg, reported a container throughput of 7 million TEUs for the first three quarters of this year, representing…
MOL Orders Japan's 1st LNG-Fueled Ferries
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its subsidiary Ferry Sunflower Limited have unveiled plans to construct Japan’s first two LNG-fueled ferries.Mitsubishi…
Star Bulk Sells Two Supramax Vessels
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has agreed to sell the Star Cosmo, a 2005…
