Vale uses Logmarin to develop the world’s largest floating bulk terminal. Genoa-based Logmarin Advisors, part of the RINA Group, has enabled Brazil’s Vale SA to convert the Ore Fabrica (the former VLCC Front Duchess) into the world’s largest transhipment vessel…
MHI Develops System to Enhance Damage Stability of Ships To Reduce Capsizing Risk: Response to Revised SOLAS Convention; First Order for Vessel with New System Placed by Nippon Shipping. Mitsubishi Heavy Industries, Ltd. (MHI) has developed a system to enhance the damage stability of ships…
Teekay Tankers Ltd. (NYSE:TNK) announced today that it plans to offer 15,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers expects to grant the underwriters a 30-day option to purchase up to an additional 2…
Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v 'Los Angeles', a Newcastlemax dry bulk carrier of 206,104 dwt that was contracted in April 2010. As previously announced, the m/v 'Los Angeles' is chartered to EDF Trading Ltd…
On January 1, 2012 American Shipping Group underwent a dramatic transformation. The company, formerly known as ASG, became TOTE, Inc., and experienced a makeover in logo, look and structure.Seeing opportunity for market growth, TOTE, Inc.…
GL Renewables Certification appointed Rüdiger Urhahn as Vice President Project Management & Sales, with responsibility for worldwide customer management in the area of certification services, in January 2012. In addition to sales duties, Mr…
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule.“We are eager to roll out our competitive products…
Jotun reports that it successfully completed testing of coating systems consistent with the new IMO PSPC rules for cargo oil tanks (COT), scheduled to come into force next year. The new IMO PSPC rules for cargo oil tanks (COT) will go into effect January 2013…
Maritime Information Systems AS (MARIS) has signed an important agreement with Seagull AS covering cooperation on product specific ECDIS training at Seagull’s shore-based training center in Norway. The agreement between the two Norwegian…
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.Tonnage supply hit a massive 605 million dwt at the end of 2011…
Marad Spokesperson: 'We do not comment on personnel moves.' The U.S. Maritime Administration this morning had no official comment on information received by Marinelink from well placed sources that Marad Chief Counsel Denise Krepp had departed her post within the DOT's maritime modal arm…
Vigor today announced its plan to acquire Alaska Ship and Drydock Inc. (ASD), further consolidating the business of ship repair on the U.S. West Coast. ASD intends to transition its business and assets to Vigor pending approval of the transfer…
When manually activated, the Smartfind S10 uses AIS and GPS technology to give precise location information to aid the recovery of people in difficulty at sea.Waterproof to 60 meters, buoyant and compact, this unique device can make all the difference in a localized search situation…
InterManager, the international trade association for the ship management industry, has started 2012 with significant expansion. In the first month of this year InterManager has welcomed two Full Members – ship management companies Histria…
With so much discussion of the poor freight rates available to VLCC owners hiring their ships out for voyages from the Middle East to major consumers east and west, it is informative to see how much the spot market for VLCCs has changed in just a few years…