Streamlining and Simplifying US Government Guaranteed Vessel Financing
The Maritime Administration (MARAD) has taken several steps to streamline and simplify the Federal Ship Financing Program under Chapter 537 of Title 46 of the U.S. Code (commonly referred to as Title XI). The Title XI program provides for a full faith and credit guarantee by the United States government to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards. The Title XI Program supports U.S.
WMU PhD Candidate Ambrose Wins Goldman Environmental Prize
Kristal Ambrose, a PD candidate at the World Maritime University, is the recipient of the prestigious Goldman Environmental Prize 2020. The award is the world’s foremost environmental prize and honors outstanding environmental activism through community and citizen participation on critical sustainability issues facing the planet.Ambrose founded the Bahamas Plastic Movement in 2013 to develop solutions…
River Services Integrated Into Northstar Marine
Northstar Marine, Inc. has finalized the integration of River Services (wholly owned by Northstar Marine, Inc.) a Philadelphia based marine service provider. River Services is now a new division of Northstar, and will operate as Northstar River Services.River Services was founded in 2013 to provide professional marine services in and around the Port of Philadelphia which includes launch, crew boat…
Fairbanks Morse Acquires Breco International
Fairbanks Morse acquired Breco International Inc., a diesel engine repair and rebuilding service provider. The move expands service markets for Fairbanks Morse with commercial marine…
Israel Receives Its Most Advanced Warship as Iran Tensions Rise
Israel received its most advanced warship on Wednesday, describing the German-made vessel dubbed "Shield" as a bulwark for vulnerable Mediterranean gas rigs as tensions with Tehran soar over the assassination of a top Iranian nuclear scientist.The Saar-6 corvette that docked in Haifa port, and three of the same model to follow next year, will bring to 15 the number of missile boats deployed by an Israeli navy which…
Metal Shark Delivers Final NYC Ferry
With the delivery of Time Traveler, shipbuilder Metal Shark has completed its four-year run of vessel production for NYC Ferry, Operated by Hornblower, handing over the final new vessel to join the fleet.The newbuild is the 12th 85-foot, 150-passenger, USCG Subchapter “T” NYC Ferry passenger vessel built at Metal Shark’s Franklin, La. shipyard since deliveries to NYC Ferry began in April 2017. In that timeframe Metal Shark’s Franklin yard also produced 10 97-foot…
Dive Boat Captain Charged in Fire that Killed 34
The captain of a dive boat that caught fire last year near Santa Cruz Island, resulting in 34 deaths, was indicted Tuesday by a federal grand jury on 34 counts of seaman’s manslaughter.Jerry Nehl Boylan, of Santa Barbara, was named in the indictment by a federal grand jury that alleges Boylan, as the captain and master of the Santa Barbara-based Conception, “was responsible for the safety and security of the vessel…
Lebanon Wants Maritime Border Talks to Succeed. Difficulties Can Be Overcome, President Says
Lebanon wants maritime border talks with Israel to succeed and difficulties that surfaced in the last session round can be overcome, President Michel Aoun told a U.S. mediator on Wednesday after the latest round was postponed.The negotiations between the old foes were launched in October, with delegations convening at a U.N. base to try to resolve a dispute about their maritime border that has held…
ABS Publishes Sustainability Guide
Classification society ABS has published the Guide for Sustainability Notations aiming to help marine and offshore operators meet the environmental, social and governance (ESG) requirements outlined in the United Nations’ Sustainable Development Goals (SDGs).ABS has also launched two new sustainability notations, SUSTAIN-1 and SUSTAIN-2, to help marine and offshore operators demonstrate alignment with…
Toft Takes the Helm at MSC
Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020, reporting to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.Toft will oversees MSC’s global cargo businesses including ocean liner and logistics. He will also be a member of the board of directors of Terminal Investment Ltd (TiL), the terminals business which is majority-owned by MSC.Soren Toft joins MSC from Maersk…
