Over the past few years, we have provided regular analysis of the maritime and offshore industry mergers and acquisitions (M&A) markets. But what goes into those decisions and transactions? This quarter, an overview of the basics of mergers and acquisitions – the players…
Too many times, we are simply not aware of what we do not know. That said; if the first quarter of 2015 brings only one thing into crystal clear focus, then that would probably involve the reality that the human element of maritime operations…
The mini-VSAT Broadband service of KVH Industries, Inc., has been cited in a newly published report as the market share leader in the maritime VSAT industry by vessels in service. 'The COMSYS Maritime VSAT Report, 4th Edition' estimates that KVH's mini-VSAT Broadband customers account for 17…
Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation to the recognition Wärtsilä received from Forum Ethibel in September 2014…
Coast Guard crews rescued two fishermen from a sinking vessel 10 miles south of Newport, Rhode Island, Monday.At approximately noon, the two person crew of the 38-foot fishing boat More Misery notified watchstanders at Coast Guard Sector Southeastern New England in Woods Hole…
Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April.Opedal will be responsible the corporate improvement…
Hiab, part of Cargotec, has selected the finalists who will take part in the first ever World Crane Championships at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. The 18 contestants, who have won their places…
A yacht race from Hong Kong to the Philippines will take place from 1 April (Wednesday) to 6 April (Monday). About 24 yachts are expected to participate in the race. The race will commence on 1 April 2015 at 1330 hours at a place off the Causeway Bay Typhoon Shelter…
The fishing vessel industry fatality rate is 30 times higher than the average of all U.S. industries. To address this, U.S. legislation requires that all new fishing vessels larger than 50 feet must be built to classification rules. DNV GL is…
Cargo worked at the Port of New Orleans’ public docks in 2014 totaled 8.37 million tons, the highest total since 2000 and up 28 percent compared to the prior 12-month period, the port reported. Imported steel and container cargo led the growth…
Nakashima Propeller and ClassNK held a joint technical seminar in Hamburg on March 19. Nakashima Propeller and ClassNK, from their respective roles in the industry, provide products and services to support ships through their lifecycle.…
In collaboration with Autodesk, SSI's dealer in the Benelux, CADMatch, has organized CADMatch Maritime Day for April 16, 2015 in Oosterhout, NB. The day’s theme will be 'Engineering: the foundation for success.' According to the organizers…
Ports of Auckland Ltd (POAL) has been fined $55,000 and ordered to pay $25,000 in reparation to a stevedore who suffered serious injuries unloading a containership at the port in January 2014, Maritime New Zealand Media reported. POAL admitted…
IRClass (Indian Register of Shipping) has established a senior level advisory committee in the United Arab Emirates in an effort to increase activity and foster business links in the region.The committee comprises of 11 senior representatives…
The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs. This series of designs is the latest addition…
