The ferry business, unlike more industrial parts of the shipping business, touches wide swaths of the world’s population across continents. The membership of Interferry, the leading trade group for the industry, with non-Governmental organization (NGO) status at the International Maritime Organization (IMO) includes 200+ members from all parts of the ferry spectrum.
The first Sayaringo STaGE type LNG carrierMitsubishi Shipbuilding Co., Ltd. (MHIMSB) delivered the first Sayaringo STaGE type liquefied natural gas (LNG) carrier, named Diamond Gas Orchid in June, 2018. The Sayaringo STaGE, which was developed based on MHIMSB's cutting-edge technology, has a continuous cover over the cargo tanks, a feature inherited from its predecessor the “Sayaendo”
IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News.
A Maersk product tanker has become the third commercially operating vessel to be equipped with Norsepower Rotor Sail auxiliary wind propulsion technology.Two Rotor Sails have been installed on board the 109,647- DWT Long Range 2 (LR2) product tanker Maersk Pelican in the Port of Rotterdam, announced project partners Norsepower Oy Ltd.
In examining the history of commercial ships, the common refrain is “from sail to steam to diesel.” If the International Windship Association (IWSA) is right, that common refrain one day could be “from sail to steam to diesel … to sail.”As the collective maritime industry struggles to find a future proof propulsion system to meet ever stricter environmental emissions mandates from the IMO
Great moments in naval architecture & marine engineeringThe world's largest construction vessel, Pioneering Spirit, commenced offshore operations in August 2016. The 382m-long and 124m-wide ship was built primarily at DSME’s Okpo Shipyard in South Korea and is used for installation, decommissioning and pipelay activities.
Today TOTE announced leadership changes within its TOTE Maritime division. Michael Noone, currently President of TOTE Maritime Alaska will transition and become President at TOTE Maritime Puerto Rico. Grace Greene, currently Vice President and General Manager at TOTE Maritime Alaska has been promoted to President and will take over for Noone.
As the commercial maritime community is collectively pressed by international and regional regulation to cut emissions, news today from Viking Line proves action as Viking Grace -- which is already fueled by LNG -- has become the first passenger ship in the world to use a rotor sail for wind-assisted propulsion.
Foss Maritime announced the keel laying of the first of its new class of ASD 90 tugboat, to be built at Nichols Brothers Boat Builders in Freeland, Washington.Nicole Engle, one of the principals of Foss’ parent company, Saltchuk, made the first ceremonial weld of her initials into the keel, assisted by journeyman welder Justina Mackie.
Singapore-based containership operator Pacific International Lines (PIL) said that a naming ceremony of Southern Pearl had taken place at Taizhou Kouan Shipyard in China. The vessel is the first to be owned by PIL’s subsidiary Pacific Direct Line (PDL), the company said.The naming ceremony was graced by PDL board of directors, together with the Godmother of Southern Pearl, Ms. Lucy Bladinières.
Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed global shipping company providing worldwide seaborne transportation of dry bulk cargoes.The funds obtained by Star Bulk under this new five-year capital lease of US$180.
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday.Batista's conviction and sentencing by federal judge Marcelo Bretas are the latest in a wave of graft investigations that have sent scores of powerful