While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good. As at 31 December 2015, Cosco’s order book stood at USD 8 billion with progressive deliveries up to early 2018…
The European Community Shipowners’ Associations (ECSA) presented its new brochure on the merits of short sea shipping during a high level meeting organised by the Dutch Presidency of the Council. The intention behind this new initiative is to revitalise the EU’s short sea policy…
San Francisco, California-based CAI International Inc. (CAI) has reported a fourth-quarter loss of $12.6 million, compared to the profit in the same period a year earlier. CAI aid it had a loss of 62 cents on a per-share basis. Earnings…
The captain of the U.S. cargo ship that sank off the Bahamas in a hurricane last fall, killing all 33 people on board, was responsible for decisions that put the vessel in the path of the storm, a shipping company executive testified on Tuesday…
Seatronics Ltd, an Acteon company and part of its survey, monitoring and data business, has announced the recruitment of Janelle Pence as vice president for the USA region.Pence will be responsible for managing and developing Seatronics’…
The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative…
JHW has ordered five 85,000 m3 Very Large Ethane Carriers (VLECs) for a JACCAR/Hartmann Reederei joint venture, called UEC (United Ethane Carriers); each vessel will be powered by a single MAN B&W 6G60ME-GI main engine. Dalian Shipbuilding Industry Offshore Co…
A joint study by UK P&I Club and Solis Marine Consultants found ‘human error’ and the breakdown of communications on the bridge is a major contributing factor in claims. Stuart Edmonston, Loss Prevention Director at UK P&I Club, and Captain John Simpson…
Egil Haugsdal has been selected to take over as President of Kongsberg Maritime. Haugsdal holds extensive leadership experience from KONGSBERG, currently leading Kongsberg Oil & Gas Technologies, with previous experience as Executive Vice…
Robert 'Bob' Walker, the U.S. Navy’s third Master Chief Petty Officer of the Navy (MCPON) from September 25, 1975 to September 28, 1979, has passed away.Current MCPON (AW/NAC) Michael D. Stevens issued a statement on Walker’s passing:“It…
Kongsberg Maritime has established a new country office in the Republic of Panama. Opened in January 2016 and situated in the ‘Canal Zone’ close to Panama City, Kongsberg Maritime Panama will service merchant fleet customers transiting the Canal and the extensive tug sector in the region…
Common Structural Rules Software LLC, (CSRS) a joint venture company formed by Lloyd's Register (LR) and ABS, has released new software tools for meeting the requirements of the IACS Common Structural Rules (CSR), which entered into force on 1 July 2015…
Indian Register of Shipping (IRClass) strengthened its growing relationship with the defence sector by actively participating in the Maritime Exhibition (MAREX) during the high profile International Fleet Review 2016, organised by the Indian Navy at Visakhapatnam…
True to its annual tradition the port of Antwerp is organizing a trade mission to India in February this year. Port Authority chairman Marc Van Peel will be accompanied on his visit to Delhi and Mumbai by Pieter De Crem, the Belgian secretary of state for Foreign Trade…
Kongsberg Maritime has completed the delivery and installation of a suite of new bridge simulators for Indonesia’s Ministry of Transportation. The new simulators at the Ministry of Transportation’s Maritime Training Centre, located at its headquarters in Jakarta…
