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How Can the Marine Industry Counteract Its Aging Workforce?
Itâs been widely reported over recent years that the maritime industry is facing a workforce crisis. A lack of newly trained candidates to fill the gaps caused by retirement of an aging workforce, now compounded even further by the oil price crash, means marine companies are beginning to feel the pressure of staff shortages. The U.K. Department for Transport (DFT) predicts a shortfall of around 3,500 deck and engineering officers by 2021 in the U.K.
Russia, Japan Discuss Islands Dispute 'In-depth'
Russia's President Vladimir Putin and Japan's Prime Minister Shinzo Abe agreed on Friday to draw up proposals this year to end a row over a group of disputed islandsâŚ
Dry Bulk Shipping Outlook Good
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive â and nothing short of extraordinary, says BIMCO.
Global Fallout from Hanjin Collapse
When Hanjin Shipping, Korea's largest and one of the worldâs top ten container carriers, filed filed for court receivership after losing the support of its banksâŚ
Arctic Sea Ice Melt Continues
As of August 14, Arctic sea ice extent is tracking third lowest in the satellite record, according to the National Snow & Ice Data Center (NSIDC). The southern route through the Northwest Passage appears to be largely free of ice. Despite a rather diffuse ice cover in the Chukchi Sea, it is unlikely that Arctic sea ice extent this September will fall below the record minimum set in 2012. As of August 14âŚ
Hanjin files for Receivership, Ports Turn Away Vessels
Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for courtâŚ
Half a Century at Sea
Siegfried Schmerer already dreamed of becoming a captain as a young boy. Later, as a sailor on a coaster, he suffered from seasickness. Though he thought about giving up, he stuck with it and eventually worked his way up all the way to the bridge. After half a century at sea, Captain Schmerer will sail on his last voyage this September on board the Colombo Express. In Hapag-Lloyd Insights, he takes a look back at his careerâŚ
New Tour Vessel for Mary D Cruises
A new high-end tour vessel is scheduled to be delivered to for Mary D Cruises of New Caledonia in late 2016. Designed by Incat Crowther with styling reminiscent of a yacht, the new vessel is being built by Strategic Marine to replace an existing vessel in Mary D Cruisesâ fleet. The main deck is arranged to support the transit operation by day and dinner cruises in the evening to tourist destination Amedee Island.
Large or Small, Land or Sea, Every Spill Matters.
There is growing concern regarding the environmental impact and associated costs of petroleum based fluid discharges. Petroleum is persistent and toxic. It damages living organisms including plants, animals and marine life for many years. While many believe that the bulk of this environmental damage is done by major spills, such as the Exxon Valdez or the Deepwater Horizon events, in reality, every spill matters.
MN100: Dometic
Dometic develops products that make life on the water more comfortable and productive. An engineering leader of innovative products for the global marine industry with the largest worldwide sales and service network, products include air conditioning, ventilation, air purification, water purification, and sanitation. Compact, modular, and shell-and-tube chillers are customized for up to 2.4 million BTUs of climate control. The firm has about 300 employees.
A Shipyard Grows in Trinidad & Tobago
Spurred by Panama Canal Expansion and U.S. As Trinidad and Tobago seeks to diversify its economy, it is banking on a massive shipyard construction project as the centerpiece of a maritime industry and economic revival. A Trinidad and Tobago Parliamentary debate earlier this year centered on the Motion, âIncrease of Loan Ceiling under The Development Loans Act.â One diversification strategy involves the countryâs thrust into the development and expansion of the maritime sectorsâŚ
Artificial Stupidity
There is increasing speculation regarding when the first unmanned cargo ship will set sail. The more important question is when will the first unmanned cargo ship spectacularly fail? We (not me personally, but humans as a group) have utilized artificial intelligence to launch unmanned craft into space on increasingly long and complex voyages. Mostly, these space missions succeed and provide us with wonderful images and reams of important data.
Tanker Market: âNew Normalâ Drives Downbeat Summer Sentiment
The tanker market is forecast to see challenging conditions with technical and structural factors impacting earnings, according to independent research and consultancy firm Maritime Strategies International (MSI). In its latest Tanker Freight Forecaster, MSI dismisses claims that current conditions in the bellwether VLCC freight market are entirely due to seasonality. Instead, MSI says dynamics reflect lower rates of crude import growth across the year combined with reduced waiting times andâŚ
Focus on Safety, Future Drive Operator Success
The hallmarks of a successful vessel operator are the same whether they are carrying liquid, physical or human cargo: A laser focus on safety, a twin commitment to customers and crew, and the vision to embrace and invest in the future. However obvious the bar, it is not easy to meet. âI donât think there is any magic formula,â says Rob Grune, senior vice president and general manager, petroleum services, Crowley Marine Solutions.
Indonesia to Change Name of South China Sea to Natuna Sea
President of Indonesia Joko Widodo, commonly known as Jokowi, has vowed to transform Indonesia, which includes 17,000 islands into a âmaritime powerâ, and alsoâŚ
Update: Oil Rig Aground off Scotland
No further pollution has been detected in the area of the grounded oil rig Transocean Winner as the U.K. Maritime and Coastguard Agency (MCA) continues to monitor the scene. The MCA counter pollution surveillance aircraft yesterday flew over the location and surrounding area to make careful observations for pollution around the rig and the nearby coast and sea and no sheen or sign of pollution has been found.
Oil Rig Aground off Scotland May Have Leaked Diesel
An oil rig that ran aground off a Scottish island on Sunday may have leaked around 53 tonnes of diesel but has not caused any serious pollution, Britain's Maritime and Coastguard Agency (MCA) said.
US Oil Drillers Add Rigs for 6th Week in a Row
U.S. drillers this week added oil rigs for a sixth consecutive week, according to a closely followed report on Friday, despite crude prices falling to April lows below $40 a barrel this week.
Tawas Point Lighthouse to be Turned off in September
The U. S. Coast Guard said it will turn off the light inside the Tawas Point Lighthouse navigational aid in East Tawas, Michigan, in September and activate a new lighted aid to navigation about 3,000 feet away at Tawas Point where the fog signal is located, providing better visibility to mariners. In addition to the new location, the light characteristic will change from an occulting white light that appears red from some areasâŚ
Prosecutors Summon DSME CFO
The Seoul Central District Prosecutorsâ Office summoned the chief financial officer (CFO) of Daewoo Shipbuilding & Marine Engineering Co. (DSME ) today (Friday)âŚ
