China's Exports Rebound, But Global Risks Darken Trade Outlook
China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.Analysts say the rebound in exports reflected an easing of supply chain disruptions and port congestion that hammered the world's second-largest…
Mike Rodriguez to Complete Tenure as Interim Director of MITAGS
On August 1, Interim Director of MITAGS, Mike Rodriguez, will be returning to his position as a part-time MITAGS faculty member."Working as I have with everyone at MITAGS has been a great experience for me,” Rodriguez said. “The MITAGS West team are innovative. Our conference team is smart and determined. Our operations folks just make it happen every day. Our instructors are knowledgeable and dedicated.
ABT-TRAC, WESMAR and SmartCatch Form INOV8V Marine
Roger Fellows, owner of Western Marine Electronics (WESMAR), Arcturus Marine Systems (ABT-TRAC), and SmartCatch, announced Wednesday the formation of a new marine technology company…
Fairbanks Morse Launches Training and Service Center in Chesapeake
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is launching a 45,000-square-foot training and service center campus in Chesapeake, Va. The defense contractor will move its existing service center from Norfolk, Va., to the Chesapeake campus to add a state-of-the-art training facility and further expand advanced service support for its customers. The move represents…
Miller Boat Line Adds New Ferry Mary Ann Market
Ohio-based Miller Boat Line has taken delivery of its newest passenger and vehicle ferry Mary Ann Market from Fincantieri Bay Shipbuilding.The ferry left the Sturgeon Bay, Wis. shipyard on July 8 and arrived to her home port Put-in-Bay, on Ohio's South Bass Island, on July 10. The vessel is expected to enter service following its U.S. Coast Guard inspection later this month.The newbuild is named in honor of the company's late owner Mary Ann Market (1935-2010)…
Olympic Orders Up to Four CSOVs from Ulstein Verft
Norwegian shipbuilder Ulstein Verft AS said it has secured a contract from Norway-based Olympic to build two Construction Service Operation Vessels (CSOVs), with options for two additional vessels.The vessels, which are based on the ULSTEIN SX222 design with TWIN X-STERN from Ulstein Design & Solutions AS, will be 89.6 meters long with a 19.2-meter beam, able to accommodate 126 people in 91 cabins.
Oil Tanker Owners Frontline and Euronav Sign Merger Deal
Frontline and rival Euronav have signed an all-stock merger deal to create a market-leading oil tanker group with 146 vessels including 68 very large crude carriers (VLCCs), the companies said on Monday.The firms, which expect the merged company to have a market capitalization of more than $4 billion and the merger to generate synergies of at least $60 million a year, first announced their intention to merge on April 7.
Shahrom Bin Ali Joins BMT Singapore as Marine Engineer Surveyor
Engineering and design consultancy BMT announced Shahrom Bin Ali has joined BMT Singapore as Marine Engineer Surveyor, expanding the company's capabilities and survey offering in the Asia-Pacific region.Shahrom brings over 20 years of industry experience in P&I and H&M investigations, salvage and vessel operations to his new role.After obtaining his diploma in Maritime Engineering at the Singapore Polytechnic, Shahrom started his seagoing career at A.P.
North Joins Maritime Anti-Corruption Network
Marine insurer North P&I Club announced it has joined the Maritime Anti-Corruption Network (MACN), a global business network that aims to tackle corruption and enable fair trade in shipping.As an MACN member, North joins more than 165 global companies in working toward the elimination of all forms of maritime corruption. The Network’s activities include raising awareness of the issue; implementing the MACN Anti-Corruption Principles and establishing best practices…
One Million Gallons Collected from US' Longest Running Oil Spill
Response crews have collected more than one million gallons of oil from a Gulf of Mexico spill that has been ongoing for nearly 20 years.The U.S. Coast Guard (USCG) and partner agencies have been working to contain oil that continues to leak from damaged wells in Mississippi Canyon Block 20 (MC-20), located 11 miles south of the Louisiana shoreline, after storm surge from Hurricane Ivan in 2004 triggered an underwater mudslide that toppled Taylor Energy's MC-20 platform.
VIDEO: Berge Bulk to Install Anemoi Rotor Sails on Two Dry Bulk Vessels
Singapore-based dry bulk owner Berge Bulk has signed a deal with wind-assisted propulsion firm Anemoi Marine Technologies to supply and fit two vessels in their dry bulk fleet with Anemoi Rotor Sails.Rotor Sails are large mechanical sails that harness the renewable power of the wind to reduce emissions and fuel consumption on commercial ships when driven to spin. Anemoi predicts that the four-rotor system will save Berge Bulk 1200-1500 metric tons of fuel per vessel each year.The first vessel…
