Ship Recycling Activity Increasing After Low Year
As the effects of Donald Trump’s victory continues to reverberate globally, the U.S. economy continues to strengthen on the news that the country is opening up offshore drilling in order to further reduce American dependence on foreign oil, reports cash buyer GMS.“As the U.S. economy continues to strengthen and the U.S. Dollar firms against nearly all recycling destination currencies (including China…
Call for Release of Galaxy Leader Crew on Seizure Anniversary
November 19 marks the one-year anniversary of the seizure of the crew of the car carrier Galaxy Leader by Yemen’s Houthis, with the International Chamber of Shipping renewing calls for their release.Guy Platten, Secretary General of the International Chamber of Shipping, said: “It seems incredible that a year has passed, and the crew of the Galaxy Leader are still being held hostage. Innocent seafarers…
Winners of CMA CGM Startup Awards Announced
The CMA CGM Group has announced the winners of its first CMA CGM Startup Awards.The international competition, organized in partnership with BFM Business, La Tribune and ZEBOX, attracted over 400 entries from innovative startups. 60 finalists, including 34 French startups, were selected to present their projects. Among the finalists were five startups supported by ZEBOX, the international innovation gas pedal initiated by Rodolphe Saadé.The solutions presented…
AME Renews Partnership with Fluke Reliability, Pruftechnik Group
US-based engineering company Advanced Mechanical Enterprises (AME) has renewed its partnership with Fluke Reliability and Pruftechnik Group and is their official sales representative for Florida, Georgia, North and South Carolina under the leadership of Jorge Garcia.Pruftechnik offers precision alignment and condition monitoring technology, and Fluke, known for its diagnostic tools, aligns with AME’s…
Conrad Industries' Income Jumps After Lawsuit Judgement
Louisiana-based Conrad Industries announced a net income of $7.5 million for the quarter ending September 30, 2024.This compared to a $3.2 million loss during the third quarter of 2023. The company had net income of $11.2 million for the nine months ended September 30, 2024 compared to net loss of $14.1 million for the nine months ended September 30, 2023.The increase in net income is primarily due…
Peter Melander Appointed President of Almaco EPC Division
Almaco Group has appointed Peter Melander as President of its newly renamed Engineering, Procurement & Construction (EPC) Division, previously known as the Accommodation Systems Division.With the cruise modernization market booming, Almaco is placing increased emphasis on major conversions and modernizations of complete hotel areas on passenger ships. This has driven the renaming and new strategic focus of Almaco’s EPC Division.Melander joins Almaco from his previous role at Alandia Engineering…
Japanese Troops to Train in Australia
Japanese troops will begin regular deployments in northern Australia as part of military cooperation with Australia and the U.S., Australia's Defence Minister Richard Marles said on Sunday.Around 2,000 U.S. Marines are already hosted in Darwin, the capital of the Northern Territory, for six months of the year amid growing concern among Washington and its allies about China's growing military power…
Nigeria and India Forge Deeper Maritime Security Ties
Nigeria and India on Sunday agreed to deepen collaboration in maritime security, intelligence and counter-terrorism during a state visit to the West African country by Indian Prime Minister Narendra Modi.Modi is the first Indian premier to visit Nigeria in 17 years after an invitation by President Bola Tinubu, who is seeking investments from some of the world's biggest economies.Modi arrived in the capital Abuja on Saturday night and met Tinubu at the presidential villa on Sunday where the two l
Ship Has Close Call with Missile in Red Sea
A ship passing through the Red Sea 25 nautical miles west of Al-Mukha, Yemen, reported on Sunday that a missile had splashed into the sea nearby, the United Kingdom Maritime Trade Operations (UKMTO) agency said.It did not name the vessel or the owner but cited the relevant company security officer as saying the vessel and crew were safe and proceeding to the next port of call.Yemen's Iran-aligned Houthi militants have been attacking commercial shipping in the Red Sea for more than a year in a bi
Bosphorus Traffic Paused After Tanker Suffers Rudder Failure
Turkey suspended shipping traffic in Istanbul's Bosphorus Strait in both directions on Sunday due to a rudder failure on a 114-metre tanker, the Nazann, the Transportation Ministry said.The vessel, en route from Russia to Kocaeli in Turkey, had mechanical problems in the strait and the coast guard deployed tugboats, the ministry said.
