Barclays says return of industry confidence brings multi-million dollar deals in UK & US. The oil and gas team in the Barclays Corporate Banking division has announced it has been involved in deals providing funding for acquisitions and…
Safety alert: Gard Loss Prevention Circular No. 02-12 – Fire Prevention in Engine Rooms.Applicability: All shipowners and operatorsThe marine insurer Gard AS has recently issued Loss Prevention Circular No. 02-12, which contains important fire safety information relevant to all ships…
Australian billionaire Clive Palmer plans to build a 21st-century replica of the Titanic Palmer has signed a first-stage agreement with Nanjing- based CSC Jinling Shipyard to build the ship as part of a planned fleet of luxury liners, according to a Bloomberg news report…
'Next Generation Container Port Challenge' (NGCP) competition announced by Singapore authoritiesPerformance, productivity, sustainability - achieve these three targets in order to win the Next Generation Container Port (NGCP) Challenge's top prize of USD1 million…
Odyssey Marine Exploration soon to begin three high-value marine recovery projects, receives US$ 8 million investmentOdyssey Marine Exploration, Inc. deep-ocean shipwreck explorers, announce it has delivered an additional closing notice…
US Government auctioneers invite bids for ex- 'Sea Shadow', inspiration for 007 movie, and USN's first 'Stealth' warshipAuctioneer's catalogue states as follows:Bid deposit US$ 10,000The ex-Sea Shadow (IX-529), year built: 1983, builder: Lockheed Martin…
Resource Power Group (RPG) acquired the assets of Gen Turbo Inc., a supplier of parts and services for large bore diesel engine turbochargers in Miami, FL. Gen Turbo Inc. (GTI) is recognized in the industry for delivering to it’s customers a combination of affordable…
With the arrival of four new Technical Advisers, the International Marine Contractors Association (IMCA) is well set to carry out its work programme on behalf of its 850+ member companies in over 60 countries.The four new members of the team…
The U.S. lags behind Europe in the development of offshore wind (OSW) projects in part due to the lack of a mandatory national renewable energy standard and other tax incentives. But, the Obama Administration has set its own voluntary goal…
In response to its continued global expansion, leading international classification society ABS has strengthened its executive leadership team with the election of Tony Nassif as Executive Vice President and Chief Operating Officer of the society…
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals…
Rhode Island’s economic assets include a surprising number of prominent and lesser known maritime firms. A recent media tour hosted by the Rhode Island Economic Development Corporation (RIEDC) highlighted the Ocean State’s key role(s) in the nation’s maritime industry…
International classification society RINA has launched a co-ordinated range of services to help shipowners save fuel and reduce emissions. There are seven different elements to the services which can be adopted individually or as a complete package…
New guidance has been produced by the International Marine Contractors Association (IMCA) on the use of ‘hold-back’ vessels during diving operations. These are towing (or other) vessels that provoke additional security for DP (dynamically positioned)…
Highlighting the need for safer navigation in Canada’s Arctic, the Transportation Safety Board of Canada (TSB) released its report into the August 2010 grounding of the cruise ship, Clipper Adventurer in Coronation Gulf, Nunavut (M10H0006). 'Our…
