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ABS Guide Helps Prevent Dropped Objects

ABS has provided a systematic approach to dropped object management and prevention. The new ABS Guide for Dropped Object Prevention for Offshore Units and Installations includes a program of requirements and best practices to protect assets…

Shipping Nations to Promote Digital Certificates

Danish Maritime Authority (DMA) Director General Andreas Nordseth, signed an agreement with Singapore and Norway on cooperation on digital certificates. The agreement is intended to make more countries migrate from paper certificates to digital certificates.

Drivers of Logistics Industry

The end consumer who has ever-changing needs and will be the ultimate driver of all activities of the logistics industry, said Dr Detleft Trefzger, Chief Executive Officer of global freight forwarding and logistics giant Kuehne + Nagel International AG.

Maritime Security a Year-Round Duty

While many Australians spend Anzac Day off work, Royal Australian Navy personnel around the world will remain on watch, contributing to global security, stability and prosperity. On operations in countries as far from home as Afghanistan and South Sudan…

Navios Maritime Acquires One Capesize Vessel

Navios Maritime Partners, an international owner and operator of drybulk and container vessels, announced that it has agreed to acquire one 2010-built Capesize vessel of 178,132 dwt for a purchase price of $27.5 million. The vessel is expected…

Hutchison Port Q1 Profit Slumps 70%

Hutchison Port Holdings Trust (HPHT) suffered a 69.9 per cent plunge in first-quarter net profit to to HK$166.9 million from the corresponding period a year earlier. The Hong Kong-based port operator said it was largely due to the absence of a government rent and rates refund previously received.

Op/Ed: CBP’S Lawful Jones Act Revocation

In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency…

Explosion Aboard Bulk Carrier in North Atlantic; One Dead, Three Badly Burned

11 hours agoVehicles / Watercraft : gCaptain

A multi-national emergency response is underway following an explosion aboard the Marshall Islands-flagged bulk carrier Tamar in the North Atlantic some 1,300 miles off the coast of Cape Cod. One crew member has died and and three others are badly wounded. Show More Summary

Trump-Backed Navy Shipbuilding Plan Would Boost Costs Some $400 Billion Over 30 Years

11 hours agoVehicles / Watercraft : gCaptain

WASHINGTON, April 24 (Reuters) – Expanding the U.S. Navy to 355 ships as recommended by military leaders and backed by President Donald Trump would cost some $400 billion more over the next 30 years than the currently planned 308-ship fleet, according to a study released on Monday. Show More Summary

Selling Your Boat? Minimize Your Personal Stuff

It's not wise to assume that a buyer will be as thrilled as you are with all the things you've done to personalize your boat.

Fatal Bulk Carrier Explosion off Cape Cod

An explosion aboard Marshall Islands-flagged bulk carrier Tamar has killed one crewmember and left three others severely injured roughly 1,300 miles offshore Cape Cod, Mass. At approximately 7 a.m., Tamar’s captain contacted watchstanders at the U.S.

Private Equity Boost for Hyundai Samho

South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO. Under the agreement signed with Korean private equity firm IMM Private Equity…

Damen Celebrates 90 Years

With nine decades of operations in the shipbuilding industry under its belt, Damen has grown from small beginnings in the 1920s into a renowned maritime service provider that employs 9,000 people. The expansion of Dutch rooted Damen has been global…

Statoil Plays Down Risks of Arctic Drilling

15 hours agoVehicles / Watercraft : gCaptain

By Nerijus Adomaitis OSLO, April 24 (Reuters) – Norway’s Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located. Show More Summary

The Real Story Behind the ‘Somali Pirates VS Ship’s Private Security Guards’ Viral Video

15 hours agoVehicles / Watercraft : gCaptain

We have come a long way since the height of Somali piracy when highly organized pirate gangs roamed the Gulf of Aden and Indian Ocean in search of merchant ships to hijack for multi-million dollar ransoms. During the most active years,...Show More Summary

Viking Line Inks Shipbuilding Deal with Xiamen

Finland based Viking Line said it has signed a conditional contract with Chinese shipyard Xiamen Shipbuilding Industry Co. for the construction of a new passenger cruise ship for delivery in 2020. A final agreement is subject to the approval of the board of directors of both parties…

Deutsche Invest Highest Bidder for Thessaloniki Port

German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority stake in Greece's Thessalonki Port with 231.9 million euros, the country's privatisation agency HRADF said on Monday. HRADF received three bids in March for a 67 percent stake in the port…

Total E&P UK, Survitec Ink Lifesaving Equipment Deal

Survitec Group has announced a five-year contract award with Total E&P UK Ltd for the provision of lifesaving equipment maintenance services. The contract, which adds to an existing contract for lifeboat maintenance services, covers the offshore…

Economic Indicators Pointing Up -BIMCO

The recent months’ uptick in global indicators, which implies a strengthening in the global economy, is not sufficient for the patient to be discharged yet. The state of the global economy is still uncertain, despite stronger growth dynamics in advanced economies, and not least in China.

US Sees Piracy Increase off Somalia Tied to Famine

The United States is closely watching a recent increase in piracy off the coast of Somalia, a senior U.S. military official said on Sunday as Defense Secretary Jim Mattis visited an important military base in Djibouti. The rise in piracy attacks…

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