Croatia may have to pay 4.2 billion kuna ($651.57 million) for the costs of state guarantees extended to an ailing Adriatic shipyard that has been struggling to survive in recent months, Finance Minister Zdravko Maric said on Thursday.The figure is close to 1.2 percent of Croatia's gross domestic product."This year we will have to pay 2.
German Chancellor, Angela Merkel and Mecklenburg-Vorpommern’s Prime Minister, Manuela Schwesig were among those in attendance at a keel laying ceremony for the world’s largest polar-class expedition yacht held Tuesday in Germany.The ceremony marked a construction milestone for the 20,000 gross ton luxury expedition yacht Crystal Endeavor
Italian police said on Thursday they found 20 tonnes of hash worth as much as 200 million euros ($232 million) in the fuel tanks of a Panama-flagged ship that was stopped in international waters and escorted to Sicily.The entire 11-person crew, all from Montenegro, was arrested for international drugs trafficking, Italy's finance police said in a statement.
A Southampton-based maritime charity lowered its flag to half-mast today to commemorate the sinking of a hospital ship 100 years ago, which caused outrage across the nation when it was torpedoed in the English Channel, killing 123 people.His Majesty's Australian Transport (HMAT) Warilda was transporting hundreds of wounded soldiers from the French port of Le Havre to Southampton when
Yemen's Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition said on Wednesday, after the Houthis reported targeting a Saudi warship in the area.Saudi Arabia and its coalition of Sunni Muslim allies have been fighting in Yemen for three years against the Iran-aligned Houthis, who control much of north Yemen, including the capital, Sanaa
At the stroke of midnight on January 1, 2018, the global shipping industry will be expected to comply with the IMO agreed upon 0.5% sulfur cap for bunker fuels with few waivers available.For vessels which have installed scrubbers, higher sulfur fuels may continue to be used. IMO’s recent agreement on the ban of carriage of non-compliant fuel assures that cheating will not be allowed providing
Ask folks unfamiliar with the United States Merchant Marine Academy (USMMA) where it’s graduates can be found and they will likely tell you on a cargo ship plying the deep oceans, or in some exotic port on the far side of the globe. And they would be, for the most part correct. However, most don’t realize that no other federal service academy offers the career options of Kings Point.
At BP's massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed "Maggie" by BP, the dangerous inspection job was reserved for highly paid specialist technicians who did their jobs while rappelling along the platform.
The United States Coast Guard said it responded to a natural gas pipeline fire near Port O'Connor, Texas, on Tuesday evening.The agency was notified of the incident by vessel Jonathon King Boyd, which was on fire after hitting a gas pipeline while conducting dredging operations.The Intracoastal Waterway is closed to traffic from mile marker 468 to 474 to include the Matagorda Ship Channel from
Next generation economizers are being introduced by Ulmatec Pyro. This will carry on the history of 35 years of heat recovery from ship’s exhaust – a technology that’s still unknown for many in the marine industry. Those Painful Losses You can’t ignore waste energy recovery systems if you want to participate in discussions about efficient marine designs.
The Dutch shipping company Seatrade and two of its directors were found guilty by a Dutch court on Thursday of illegally sailing ships to India to have them demolished, the first criminal case of its kind in the Netherlands. The company and the directors were fined up to 750,000 euros ($925,275). The directors were also banned from executive roles at any shipping company for a year.
Shoaling shifts NCDOT’s propulsion needs, prompting a sea change. Thrustmaster waterjets step in to carry the day. In Swansboro, N.C., boatbuilder U.S. Workboats (formerly Armstrong Marine) is assembling the linchpin of the North Carolina Department of Transport’s (NCDOT) business plan for its future Outer Banks ferry services.