Coast Guard News
September 25, 2020
Icelandic transportation Eimskip has reportedly sold two of its containerships to dirty and dangerous scrapyards in India.... [Read More]
September 25, 2020
Icelandic transportation Eimskip has reportedly sold two of its containerships to dirty and dangerous scrapyards in India.... [Read More]
September 25, 2020
An oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council.... [Read More]
September 25, 2020
An oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council.... [Read More]
September 25, 2020
Decarbonisation, innovation, infrastructure, freeports and properly functioning and resourced regulators are key asks for future government spending, set out in a letter to the UK Chancellor from the ports industry on 24 September, the British Ports Association (BPA) said.
With EU Exit imminent, the BPA has also called for funding to future-proof the sector. As a member of umbrella group Maritime UK, the BPA’s submission complements MUK’s submission, which calls for a £1bn maritime decarbonisation programme.... [Read More]
September 25, 2020
Decarbonisation, innovation, infrastructure, freeports and properly functioning and resourced regulators are key asks for future government spending, set out in a letter to the UK Chancellor from the ports industry on 24 September, the British Ports Association (BPA) said.
With EU Exit imminent, the BPA has also called for funding to future-proof the sector. As a member of umbrella group Maritime UK, the BPA’s submission complements MUK’s submission, which calls for a £1bn maritime decarbonisation programme.... [Read More]
September 25, 2020
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility.
The financing facilities are expected to increase the company’s liquidity by approximately $82 million.
Specifically, Scorpio has secured a new commitment of $12 million to finance scrubbers on six MRs of which five have been installed to date. ... [Read More]
September 25, 2020
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility.
The financing facilities are expected to increase the company’s liquidity by approximately $82 million.
Specifically, Scorpio has secured a new commitment of $12 million to finance scrubbers on six MRs of which five have been installed to date. ... [Read More]
September 25, 2020
Kongsberg Digital, part of Norwegian maritime technology group Kongsberg, and Germany’s engine manufacturer MAN Energy Solutions have entered into a strategic digitalisation partnership in an effort to accelerate the rate of digitalisation in the maritime industry. ... [Read More]
September 25, 2020
Kongsberg Digital, part of Norwegian maritime technology group Kongsberg, and Germany’s engine manufacturer MAN Energy Solutions have entered into a strategic digitalisation partnership in an effort to accelerate the rate of digitalisation in the maritime industry. ... [Read More]
September 25, 2020
Japanese shipping major NYK Line and Japan Marine United Corporation (JMU) are introducing a new shipbuilding contract that guarantees propulsion performance in actual sea conditions.
Shipbuilding contracts typically guarantee ship speed by confirming the relationship between ship speed and horsepower in calm sea conditions without waves. Mutual confirmation then occurs during the sea trials that are conducted during construction.... [Read More]
September 25, 2020
Japanese shipping major NYK Line and Japan Marine United Corporation (JMU) are introducing a new shipbuilding contract that guarantees propulsion performance in actual sea conditions.
Shipbuilding contracts typically guarantee ship speed by confirming the relationship between ship speed and horsepower in calm sea conditions without waves. Mutual confirmation then occurs during the sea trials that are conducted during construction.... [Read More]
September 25, 2020
Australia’s largest container terminal operator DP World Australia expects to finalise workplace agreements with the Maritime Union of Australia (MUA) by September 30.... [Read More]
September 25, 2020
Australia’s largest container terminal operator DP World Australia expects to finalise workplace agreements with the Maritime Union of Australia (MUA) by September 30.... [Read More]
September 25, 2020
Harvey Gulf International Marine, the New Orleans-based LNG-powered PSV owner, and LNG bunkering pioneer, has continued the transformation of its fleet. ... [Read More]
September 25, 2020
Harvey Gulf International Marine, the New Orleans-based LNG-powered PSV owner, and LNG bunkering pioneer, has continued the transformation of its fleet. ... [Read More]
September 24, 2020
Sargeant Marine, an asphalt shipping company based in Boca Raton, Florida, pleaded guilty to bribery schemes in three South American countries and agreed to pay a criminal fine of $16.6 million to resolve the charges.
The US Department of Justice said that between 2010 and 2018, the company paid millions of dollars in bribes to foreign officials in Brazil, Venezuela, and Ecuador to obtain contracts to purchase or sell asphalt to the countries’ state-owned and state-controlled oil companies.... [Read More]
September 24, 2020
On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day.
The 2020 theme is Sustainable Shipping for a Sustainable Planet.
The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they work to decarbonize shipping.
However, the year has been completely overshadowed by the impact of COVID-19 on the industry and, especially on the seafarers, who are facing one of the worst humanitarian crises in the industry.... [Read More]