Marine Insurers Add Russian, Ukrainian Waters to High Risk List
London’s marine insurance market on Tuesday added the Ukrainian and Russian waters around the Black Sea and Sea of Azov to its list of areas deemed high risk as tensions persist in the region, a senior official said.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, is watched…
Tech File: Inside the Furuno ‘Future Bridge’
With autonomous navigation and remote electronics management, Furuno is on a digital transformation journey to help revolutionize the maritime industry. Matt Wood, National Sales Manager, Furuno USA takes a deeper dive.In 1938, Kiyotaka Furuno founded Furuno Electric Shokai Ltd., the predecessor of Furuno Electric Company. Today Furuno is best known as a radar and navigation company with nearly 90 percent of its business in the maritime sector.
Hornblower Acquires Journey Beyond
Hornblower Group announced Tuesday it has closed on the acquisition of Australian experiential travel group Journey Beyond, as the U.S.-based company continues to grow its portfolio of travel experience brands globally.“In our continued efforts to position Hornblower as a global leader in experiences and transportation, we are always exploring growth opportunities that will help expand our guest offerings and leverage our core capabilities of operating world-class customer experiences…
Max Vekich Sworn In as FMC Commissioner
Max Vekich was sworn-in today as a Commissioner of the Federal Maritime Commission for a term expiring June 30, 2026.First nominated by President Joseph R. Biden on June 24, 2021, and then again on January 4, 2022. He was confirmed by the United States Senate on February 10, 2022, and is the 43rd person to serve on the Federal Maritime Commission.“Commissioner Vekich assumes office when his lifelong experience working on the waterfront will be especially beneficial.
Russia Kicks Off Naval Drills in the Barents Sea
Some 20 ships from Russia's Northern fleet have commence naval drills in the Barents Sea, Russia's Ministry of Defense announced Tuesday.The "planned" exercise in the Arctic waters between Russia and Norway includes surface ships, submarines, boats and fleet support vessels, as well as more than 10 Russian aircraft. The ships will fire at sea and air targets using artillery, anti-submarine weapons…
Case Against Swedes Accused of Disturbing Estonia Wreck to be Tried Again
A Swedish appeal court ordered on Tuesday that a district court try again a case against two film makers accused of disturbing the ferry Estonia that sank in the Baltic sea in 1994 with the loss of 852 lives.The lower court in 2021 dismissed charges of disturbing a marine grave against the two Swedes, saying the law that protects the site did not apply to foreign-registered vessels in international…
Work to Widen Suez Canal is Underway
Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to two-way traffic, while widening and deepening another 30 kilometers, the chairman of the authority managing the waterway said on Tuesday.Suez Canal Authority Chairman Osama Rabie, giving the first news conference on the expansion which began in June, said it would be too expensive to widen the entire length of the waterway linking the Red Sea and the Mediterranean.However…
Innovative ScaffFloat System Floats in Australia
ScaffFloat, a patented plastic float that allows pontoons, barges and workboats to be built from standard scaffold components, has just launched its first pontoon in Australia through one of its local partners, AEG Group.Perth-based Access Engineering Group is the first scaffold firm in Australia to become an approved partner of the system, and last week launched an 8m x 4m ScaffFloat pontoon with…
Marlink and SES Ink O3b mPOWER Deal
Marlink and SES have signed a multi-year, multi-million-euro deal enabling Marlink’s customers to access SES’s next-generation medium earth orbit constellation (MEO) -- O3b mPOWER.Under the agreement, Marlink will offer the high-throughput and low-latency O3b mPOWER dedicated connectivity services to its customers with data-intensive requirements. These include its humanitarian, energy, enterprise…
Adamou Joins VesselsValue's Board of Directors
Online valuation and data provider VesselsValue announced the appointment of Dr. Alexander Adamou to its board of directors.As an experienced mathematician and modeler in the shipping industry, Adamou will oversee the scientific research that underpins the company’s products in his new role as chief scientist. Adamou first joined VesselsValue in 2010, when he led the development of the company’s first…
Seven Dead, Others Feared Drowned After Spanish Trawler Sinks off Canada
At least seven crew from a Spanish trawler have died and three were plucked from a life raft after their ship sank off the Canadian coast on Tuesday, an official said…
Putin: Nord Stream 2 Pipeline Would Strengthen Europe's Energy Security
Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a "purely commercial" project which will strengthen Europe's energy security.The $11-billion pipeline, which has faced stiff opposition from the United States and some European states, was built last September across the Baltic Sea from Russia to Germany…
Kongsberg to Deliver Simulator Suite for South Metropolitan TAFE
Kongsberg Digital (KDI) announced it has won a tender to supply a range of maritime simulator solutions for the South Metropolitan TAFE (Technical and Further Education) institute in Fremantle, Western Australia. Funded through the Department of Training and Workforce Development, this contract was awarded to KDI through an open and competitive process.The new contract commits KDI to the delivery,…
Suez Canal Authority Considers Floating Some Units
The Suez Canal Authority is considering listing shares of some of the companies it owns on Egypt's stock exchange, authority chairman Osama Rabie told CNBC Arabia on Tuesday.Rabie added that the authority expects to sell 20% stakes in two or three companies. He identified the companies Canal Rope, and Canal Harbor and Great Projects.(Reporting by Lilian Wagdy; Editing by Peter Graff)
Optimarin Logs Record Revenue in '21
Optimarin announced record revenue in 2021 on strong sales of its ballast water treatment system (BWTS).The Norwegian supplier's annual turnover exceeded $34 million for the first time ever following a 20% increase in the number of systems sold versus 2020, while Optimarin also boosted its customer base by 20%. A further 20% rise in service revenue contributed to the strong performance that was achieved…
From the Science Lab: Clean Energy Projects that Could Impact Maritime
As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its decarbonization goals.Makai Ocean Engineering – Waimanalo, HIRemotely Installed Anchorages for Floating Offshore Wind and Other Offshore Renewables Cost Reduction -$849,951The Makai Ocean Engineering (Makai) team will develop novel mooring and anchoring methods to reduce the costs of offshore renewable energy.
Generational Change: Maersk Board Nominates Family Heir as New Chairman
A.P. Moller-Maersk's board said on Tuesday it has nominated family heir Robert Maersk Uggla to be its next chairman as part of a generational handover at the Danish shipping company.Current chairman Jim Hagemann Snabe and vice-chair Ane Maersk Mc-Kinney Uggla, Robert Maersk Uggla's mother, are not standing for reelection to the board at its March 15 annual general meeting, the company said in a statement."After three decades on the board…
Normand Clipper CSV to Stay with Global Marine Group Until May 2026
Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026. Global Marine Group will have additional extension options upon the expiration of the firm contract.Global Marine Group will continue to utilize…
Proserv's Cable Monitoring System for Dogger Bank Inter-array Cables
Offshore installation contractor DEME Offshore has awarded Proserv Controls a contract for the provision of the inter-array cable monitoring system, or CMS, for the first two phases, A and B, of the Dogger Bank offshore wind farm in the UK.Proserv said Tuesday it would deploy its ECG holistic cable monitoring system to deliver the project."ECG has been initiated and driven by Proserv with critical support from its partner Synaptec…
PTL Marine Hires Taylor as Business Development Manager
PTL Marine announced the recent hiring of Steven Taylor as its Manager of Business Development with responsibility for the California markets. With operations in major ports including Seattle, Portland, San Francisco and Los Angeles, the company has continued growing its network along the U.S. West Coast. Taylor will be based in Southern California where the company services the Marine and C&I industries with fuels…
