The North American Marine Environment Protection Association (NAMEPA) and Capital Link announced today a strategic cooperation to promote best practices in marine and environmental issues.NAMEPA, officially launched in 2007, is a maritime…
As international controversy continues about the “wheres,” “whys” and “how much” of maritime piracy in key international shipping areas, an important debate now focuses on the use of “floating armories” in efforts to restore security on the high seas…
MUA Elects New Slate of Officers and Board MembersUnderwriters, brokers, claims personnel and key industry suppliers converged on the Intercontinental Hotel in Buckhead Atlanta last week for the 83rd Annual Meeting of the Inland Marine Underwriters Association(IMUA)…
First Minister of Scotland, Alex Salmond, officially opened subsea installation contractor Bibby Offshore’s new purpose-built headquarters, Atmosphere One.The company recently relocated from Aberdeen Harbour to the new office facility at Prospect Park…
MAN Diesel & Turbo diesel engines power the tanker, the second PROMEF ship built by Estaleiro Atlantico Sul (EAS).Powered by an MAN B&W 6S70ME-C type prime mover and 3 × MAN 7L23/30H auxiliary engines, the delivery ceremony of the ‘Zumbi dos…
Iridium's 'Test Your Satellite Phone Week': May 26 - June 1, 2013.Now in its seventh year, the annual Test Your Satellite Phone program was established by Iridium to support first responders, emergency workers, government agencies and anyone…
Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012.Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2…
Students from the IYRS Boatbuilding & Restoration Program will launch their careers, along with the boats they restored this past year as they graduate June 1, 2013.International sports figure and North Sails President Ken Read will help mark…
The 'white gold' is in the form of deep ice cores taken for scientific research from the south polar region for delivery to a Belgian university.The sensitive shipment required global collaboration across several Maersk Line teams. Samples of ice…
The Passenger Vessel Association (PVA) says existing voluntary Code of Conduct sufficient to protect Alaskan Harbor Seals.PVA has submitted written comments to the National Oceanic and Atmospheric Administration (NOAA) urging that the agency…
In related recent announcements Ultrapetrol (Bahamas) says it intends to offer secured Notes, & has completed the sale of 7 barges.Ultrapetrol (Bahamas) an industrial transportation company serving marine transportation needs in three markets (River Business…
Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm.Completion of the transaction is subject to certain customary closing conditions…
Greek shipowners must now pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offshore companies which have a branch in Greece, operating under Law 89 of the Greek constitution…
Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, has made an equity investment in Gulf Coast Shipyard Group, Inc.Gulf Coast Shipyard Group, is a manufacturer of a variety of ocean-going and inland marine vessels for…
Seadrill announces favourable first quarter 2013 financial results. Highlights • Seadrill records its best operating quarterly result ever and generates first quarter 2013 EBITDA*) of US$713 million • First quarter 2013 net income of US$440 million and earnings per share of US$0…