The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea. 13 Danish partners will become frontrunners of the project, which is launched on 1 May…
Greek ship-owner Costamare and US-based hedge fund York Capital Management are considering extending the life of their investment joint venture that has already spent more than $1 billion on new and secondhand container ships. “Our joint…
Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and 'in good spirits' after Iranian authorities seized the vessel in the Strait of Hormuz the previous day. Iranian patrol boats fired warning shots as they intercepted the vessel…
High ranking state officials from Norway met with the senior management team at DNV GL’s maritime headquarters in Hamburg today. Tor Svensen, CEO, Knut Ørbeck-Nilssen, COO, and Torsten Schramm, President of DNV GL – Maritime, shared the classification…
Rickmers Shipmanagement, managers of containership Maersk Tigris, which was yesterday approached, fired upon and boarded by the Iranian Navy in the Persian Gulf, issued a statement addressing the incident.Rickmers Shipmanagement said it…
Cathelco, the world leading manufacturers of equipment for ships, have acquired Hydro-Electrique Marine (HEM) the French specialists in desalinators and water treatment systems.The acquisition will make Cathelco one of the largest producers…
Following an order announced in October 2013, MacGregor, part of Cargotec delivered and commissioned 45 variable frequency drive (VFD) winches and a full control system for the recently completed heavy-lift crane barge Hyundai HLV-10000, one of the largest heavy lift vessels in the world…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families,announced today its support of a new playground at Coast Guard Air Station Houston. Located at one of the busiest Coast Guard bases in the country…
Coxswains, owners and operators of local vessels are advised that arrangements for embarkation and disembarkation will only be made at the western side of the main pier of Tai Miu Wan, whereas the eastern side of the main pier will be used by licensed ferries…
Members of the European Parliament (MEPs) have supported draft EU rules requiring ship-owners using EU ports to monitor and report CO2 emissions each year. The text establishes an EU-wide system for monitoring, reporting and verification (MRV) of greenhouse gas emissions from shipping…
Spain's development ministry has said that a fire broke out on a ferry as it journeyed from Palma on the island of Majorca to Valencia in Spain. Spanish media reported that around 156 people had to abandon ship around 17 miles from Palma de Mallorca and were helped by emergency services…
Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.More and more operators are asking their drilling…
BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers.The new agreement is…
Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market.This answer is very much linked to how supply and demand balance one another in a bulk tramping market…
Bossier City-Shreveport Navy Week begins April 27 and will continue through May 3.Navy Weeks focus a variety of assets, equipment and personnel on a single city for a week-long series of engagements designed to bring America's Navy closer to the people it protects…