Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry. The closure Onsan underscores the dire state of the country’s…
* Iranian insurers see tie-up interest from foreign players* Local insurance market worth $7.4 bln in premiums* Iranian players seeking credit ratings to help partnerships* Caution remains over U.S. restrictions still in placeBy Bernardo Vizcaino and Carolyn CohnSYDNEY/LONDON…
Ampelmann, a provider of motion compensation access solutions, is opening an office in central Aberdeen as the next step in the continued expansion of the company.Ampelmann claims an an extensive track record in supporting Walk to Work campaigns in the North Sea…
MetOcean Data Systems has appointed Emily MacPherson as Director of Sales, MetOcean Systems.In the new position, MacPherson will be responsible for expanding sales opportunities and managing the day-to-day responsibilities of the company’s sales team…
YCMP becomes MAN Diesel & Turbo’s latest Chinese licensee At a ceremony in Zhuhai, Guangdong Province on January 16, 2016, local engine builder Yuchai Marine Power Co., Ltd. (YCMP) signed a new license agreement with MAN Diesel & Turbo for the production of MAN B&W-branded…
Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization (IMO)’s Sub-Committee on Ship Design and Construction (SDC). People travelling…
Criteria for entry into force of Ballast Water Management (BWM) Convention not yet reached – further ratifications needed; insufficient tonnage to trigger entry into force despite recent ratifications Following the spate of ratifications in November 2015 of the BWM Convention…
The Society of Satellite Professionals International (SSPI) announced it has selected Richard Hadsall, chief innovation officer of EMC, for induction into the 2016 Satellite Hall of Fame, which recognizes contributions to the satellite technology industry…
This past summer, multiple outbound vessels from a non-U.S. port suddenly lost GPS signal reception. The net effect was various alarms and a loss of GPS input to the ship's surface search radar, gyro units and Electronic Chart Display & Information System (ECDIS)…
Tanker owners are currently doing fairly well, certainly compared to their colleagues in the dry bulk market, says a reserach report from Poten & Partners. However, history shows that such markets do not last forever and when the downturn comes…
Six months to the day ahead of the naming ceremony, Mein Schiff 5 was launched today at the Meyer Turku Oy shipyard. Following a construction period of 14 months, Ferdinand Strohmeier, Vice-President Operations TUI Cruises, was on hand for the so-called “floating” celebrations…
Following the spate of ratifications in November 2015 of the Ballast Water Management (BWM) Convention, IMO and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final entry-into-force requirement has been met…
National Wind Farm Training Centers (NWFTC), is providing a new SHEQ review and training service for its clients in the offshore wind industry. During a recently completed pilot program, assisting in the improvement of working at height, transfer…
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements…
Wartsila India, the Indian arm of Finland-based Wartsila Corporation, has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Ltd (CSL) for setting up a containerised self-sufficient workshop. As per the MOU, Wartsila plans…