Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility in terms of the number of large vessels it can haul and service. Equity for the transaction comes from Carlyle Realty Partners VII…
The Hong Kong SAR Marine Department has advised that on 1 July the existing Merchant Shipping (Prevention of Pollution by Garbage) Regulation (Cap 413J) was replaced by a new Regulation, namely, the Merchant Shipping (Prevention of Pollution…
The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month. April 2015 saw 5.36 million DWT being retired from active service, which was the highest on record ever for a single month…
MBCA Kim Nirvana, a passenger boat carrying 189 people has capsized in the central Philippines, minutes after leaving port, the Philippine Red Cross and coast guard spokesman Cmdr. Armand Balilo said. There were 173 passengers and 16 crew members on board…
The Swedish Defence Materiel Administration (FMV) has awarded contracts worth Skr8.6bn ($1.03bn) to Saab AB for the construction of two new Type A26 submarines and a mid-life upgrade for two Gotland-class submarines. Work on the two A26s is to be completed by 2024…
According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024. “Over the past several years, two market drivers have emerged…
Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on July 2nd in Vilnius…
Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency. The director general of the Cypriot Shipping Chamber, Thomas Kazakos, said that a small…
Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency…
Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ. NITC has amassed the world’s largest fleet of super tankers and is in talks to sail…
RigNet, Inc. senior vice president and chief financial officer Marty Jimmerson has informed the company of his intention to step down from his position as CFO by the end of the year, the company announced. Jimmerson has indicated that he…
Aspida is the first PMSC to be permanently approved by CNAPS to provide armed guards onboard French flagged vessels. Maritime security firm Aspida informs that as of June 12, 2015 it has become the first private maritime security company…
Last week, senior U.S. Department of Transportation administrators, agencies such as the National Transportation Safety Board (NTSB) and Washington Metropolitan Area Transit Authority (WMATA), and high-profile leaders from transportation’s private sector…
In one movie, two bikini-clad women sashay around a swimming pool in stiletto heels, laughing about how one used sex to persuade her hard-working husband to buy her an expensive truck. In another, two oil executives entangled in a love triangle…
ESC Global Security has called for the Mediterranean to be classed a maritime High Risk Area in the wake of the terrorist atrocities in Tunisia and Europe’s escalating migration crisis. “There is a reasonable doubt that some refugees from these areas will be a threat to European security…