China Cosco plans to sell Cosco Logistics to state-backed parent company China Ocean Shipping. The unit may be valued at about seven billion yuan, and the company is also considering selling other assests to China Ocean to raise as much as an additional 20-billion yuan…
Captain Mike Carter has been honoured with the Queen’s Diamond Jubilee Medal for contribution to Canada's ferry industry.The award was presented by Lieutenant Governor of British Columbia, the Honourable Judith Guichon. Captain Carter has…
Odyssey Marine Exploration reports financial results for the fourth quarter and year ended December 31, 2012.Fourth Quarter 2012 Financial and Operational Highlights Total revenue in the fourth quarter was $7.9 million as compared to $0…
Existing charter contracts for AHTS icebreakers 'Tor Viking' and 'Balder Viking' not extended; other charter fixed.The vessels had since 1999/2000 been available to the Swedish Maritime Administration (SMA) every Q1 for icebreaking duties…
The Port State Control Officer observed personnel had accessed ballast water tanks without following proper preceedures.On the 19th June 2012, a Port State Control Inspector from the Maritime and Coastguard Agency (MCA) boarded the Panama registered vessel Terry Siete at Portland…
Prosafe awarded a contract for its 'Regalia' vessel at the North Sea, Montrose Platform, of Talisman Sinopec Energy UK.The contract has been awarded following a competitive tendering process and is for a firm period of 450 days with on-site operations planned to commence late August 2014…
ABB has led a $12 million investment in Scotrenewables Tidal Power, (of Scotland), a provider of tidal turbine systems.The funding is being used specifically to roll out a larger and more advanced tidal energy conversion system known as the SR2000…
Responders prepare salvage, firefighting & pollution contingencies for a tug and barge that allided with a pipeline near Bayou Pero, south of New Orleans.The fire reportedly has reduced in size by approximately 30 percent, and there are no reports of oil in the water…
UK's A&P project engineer, Sally Watson, wins Ian Telfer Prize for her paper 'Reducing fuel usage & CO2 emissions from tug boat fleets: sea trials & theoretical modeling.The Ian Telfer Prize is awarded annually for the best paper published on the subject of the environment…
'MSC Preziosa' successfully completes sea trials with its GE Power Conversion electrical power & propulsion system.Built from the STX yard in Saint-Nazaire, France, MSC Preziosa is the latest ship in MSC’s Fantasia-class and the 12th in the MSC fleet…
Federal Mediation & Conciliation Service Director George H. Cohen on negotiations between United States Maritime Alliance & the International Longshoreman's Association.'I am extremely pleased to announce that today the parties have approved…
Grandweld Shipyards has been awarded a contract to build a 42M Aluminum Crew Boat for Maroos Shipping. Grandweld signed the deal with the renowned provider of integrated shipping, and marine services on the 10th March 2013. The contract…
Global freight management company Geodis Wilson has announced the appointment of Ivy Boyer as Chief Marketing Officer (CMO). She succeeds Kim Pedersen, who recently became Executive Vice President of Geodis Wilson. Ivy Boyer will be driving…
Bibby Ship Management India Pvt. Ltd contracted Kongsberg Maritime to deliver a Kongsberg Offshore Vessel Simulator (KOVS) including an upgrade of the customer’s existing Kongsberg Dynamic Positioning (DP) simulator in Mumbai. This extension…
Risk is ubiquitous on the waterfront, and the effective identification, mitigation and management of that risk is critical to long-term success. Maritime Professional delivers insights from four acknowledged industry leaders from four distinct…