Global ship demolition activity rose by 16 percent in the first nine months of 2016 in comparison to the same period of 2015, showcasing shipping industry action to counter the imbalance between supply and demand in the market, according to BIMCO…
Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday. This is one of the first examples…
Russia's government wants to sell a state stake in oil giant Rosneft to 'real investors' but may force the company to buy its own shares to prop up the country's budget, First Deputy Prime Minister Igor Shuvalov said on Thursday.If Rosneft buys its own shares…
“Ottantacinque”, the concept of the latest-generation luxury mega yacht developed in partnership between Fincantieri Yachts and Pininfarina, introduced last year at the Monaco Yacht Show, won the prestigious annual award of the German Design Council in the category “Transportation”…
LR is participating in the MAXCMAS project, a £1.27million collaborative research project that aims to investigate, develop and implement real-time collision avoidance algorithms for autonomous maritime vessels. The MAXCMAS (Machine executable…
A survey conducted by Shipbuilder shows maritime organisations mainly use very standard virtual reality (VR) functionalities. Geert Schouten, director of Shipbuilder: “At the SMM and the Monaco Yacht Show I spoke to a lot of organisations that use VR…
NYK has been selected for the Dow Jones Sustainability Indices (DJSI) for a 14th straight year. The DJSI, which is a major global index for companies engaging in socially responsible investment (SRI), is composed of select sustainability-driven companies from about 3…
India's Ministry of Communication has extended the period for applying of Renewal of Global Management Distress Safety System General Operator’s Certificate (GMDSS-GOC) License from three months to six months prior to its expiry. This will…
U.S. Transportation Secretary Anthony Foxx today announced $4.85 million in grants to six Marine Highway projects along the waterways of 17 states and the District of Columbia. The goal of the Maritime Administration’s Marine Highway Program is to expand the use of U…
Victoria's Ogden Point terminal is one of Canada’s busiest ports for cruise ships, having grown from 110 ship calls carrying 161,000 passengers in 2002 to 227 cruise ships and 533,000 passengers during the 2015 season under the stewardship of Greater Victoria Harbour Authority (GVHA)…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5,258,269 tons in September, a decrease of 5.6 percent compared to a year ago, the Lake Carriers’ Association reported. Shipments trailed the month’s five-year average by even more…
Susan Hayman, Foss Maritime VP of HSQE & External Affairs, has been nominated by President Barack Obama to the United States Merchant Marine Academy's (USMMA) Board of Visitors. This key administrative post is for a term of two years, commencing at the beginning of each Congress…
Marine generator sets manufacturer Northern Lights, Inc. (NLI) has formed a partnership with exhaust after-treatment equipment manufacturer HUG Engineering to provide complete IMO III certified clean air power generation solutions. The new…
Abu Dhabi Ship Building PJSC (ADSB) has launched a training and development program which is designed to prepare young Emiratis for careers in the shipbuilding and repair industry. There are currently 40 trainees enrolled in the first class…
Nakilat, a shipping arm of Qatar’s liquefied natural gas (LNG) sector, held Qatar Project Shipping Forum (QPSF) in London over a span of two days. QPSF is as an important platform, established and organized by Nakilat in 2006, to address…