U.S.-flag Great Lakes freighters (“lakers”) carried 93.8 million tons of dry-bulk cargo in 2011, an increase of 5.75 percent compared to 2010. The 2011 “float” was also just about on par with the fleet’s 5-year average. Iron ore cargos for the steel industry increased 12…
Unlike traditional lanyards that come standard with boats and require the operator to be tethered to the boat, the patented Autotether kill switch is an easy-to-install, unobtrusive wireless unit. No wiring or tools are required – the system…
Bjørn Jalving has been appointed as Executive Vice President of Kongsberg Maritime’s Subsea division and a member of the Kongsberg Maritime management group, effective 1st January 2012. Jalving succeeds Rolf Arne Klepaker, who is moving to a…
In a surreal scene that has many eyewitnesses invoking the “Titanic” name, Italian cruise ship Costa Concordia ran aground and eventually tipped over after reportedly hitting a sandbar near the island of Giglio the evening of January 13, 2012 -- leaving several dead…
Dr. Roger Basu has joined the faculty at Webb Institute as Associate Professor of Naval Architecture. Dr. Basu has enjoyed a long and distinguished career in the marine industry primarily involved with the analysis and reliability of ship and offshore structures…
The Transas Marine 4-level ECDIS concept is designed to provide an IMO compliant solution for the shipping companies. The new range of product packages Standard, Standard+, Premium and Premium+, features Transas well renowned Navi-Sailor software with the best technology applied through all systems…
Capital Product Partners L.P. (Nasdaq: CPLP) announced the extension of the charters of both the M/T Agamemnon II and the M/T Ayrton II to BP Shipping. The M/T Agamemnon II (2008 STX Offshore & Shipbuilding Co., 51,238 dwt) was fixed to BP Shipping at a daily charter rate of $14…
Iridium Communications Inc. (Nasdaq: IRDM) and KVH Industries, Inc., (Nasdaq: KVHI) have agreed to offer what the pair is touting as the first-ever, fully global, seamless broadband satellite communications service for the maritime market. Under the agreement…
Rear Admiral Christian Canova (French Navy) hands over the responsibility of Deputy Operation Commander of the European Union Naval Force Somalia, Operation ATALANTA to Rear Admiral Rainer Endres (German Navy) on 12 January 2012 at the Operational Headquarters (OHQ) in Northwood…
BOURBON optimizes Class Dockings for its vessels with new organization Bourbon Docking.Located in Dubai, this new organization will strengthen BOURBON’s vessel maintenance program, allowing the Group to reach its 2015 target rate of 95% vessel availability…
Austal Launches 2nd Littoral Combat Ship CORONADO (LCS 4) Mobile, Alabama-based Austal USA successfully launched the second 127-meter Independence-Variant Littoral Combat Ship, Coronado (LCS 4). In reference to the success of the Coronado launch…
A short-lived revival in rates still means rich pickings for shippers coming into the transpacific contracting season, but beware the capacity crunch to come. Shippers should not lose sleep over the recent, short-lived jump in spot rates…
SHIPPING is going to need a great deal of resilience to meet the challenges of the next twelve months, according to international accountant and shipping adviser, Moore Stephens. But, for those who can secure funding, there have been few better times to invest…
Work Boats Exchange: A New Hosted Commercial Marine Buyer's Event is set for the Ritz-Carleton in Fort Lauderdale April 2012 Regardless of industry, the ability to continually meet potential new clients is the cornerstone to any company’s success…
The shipping industry has been warned by a leading maritime lawyer that it may soon face its “Deepwater Horizon moment” in the event of a mega containership casualty. Speaking at a Maritime London lunchtime function yesterday (11 January)…