OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe. Today, the two companies manage 1,000 ships in different segments such as tank, bulk, container, car carriers
Philly Shipyard held a steel cutting ceremony for the fourth in a series of new training ships it is building for the United States' state maritime academies.Scheduled for delivery to the Texas A&M Maritime Academy in Galveston, Texas in 2025, the new National Security Multi-Mission Vessel (NSMV) is being built under a program for the U.S.
Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industry’s climate mitigation efforts.An initial strategy – agreed in 2018, when the industry’s emissions were roughly the same as Germany’s – targeted a 50% reduction in shipping’s greenhouse gas emissions by
Philly Shipyard held a keel laying ceremony on Thursday for the second vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The newbuild, to be named Patriot State, is the second of five new National Security Multi-Mission Vessels (NSMV) being built under a program for the U.S.
The first in a series of new training ships being built for the United States' state maritime academies was launched at Philly Shipyard on Saturday.The newbuild, Empire State VII, is the first of five new National Security Multi-Mission Vessels (NSMV) being built under a program for the U.S.
An area of the Indian Ocean near Somalia—once known as a piracy hotbed—has been removed from the shipping industry's list of high-risk areas following more than a decade of military, political, civil society and the industry measures to secure the waters. No piracy attacks against merchant ships have occurred off Somalia since 2018.
Singapore has held onto its status as the world's top maritime hub for the ninth consecutive year, according to a recent index report.The Xinhua-Baltic International Shipping Centre Development Index Report, jointly published annually by Chinese state news agency, Xinhua, and global maritime data provider, the Baltic Exchange
Three crewmembers were injured by an explosion in the engine room aboard a containership off the coast of France on Tuesday.The blast on board the Panama-flagged MSC Rachele occurred while the vessel was about 20 nautical miles south of Cape Cépet, en route from from Napoli, Italy to the port of Fos-sur-Mer.
The U.S. Department of Transportation announced that Rear Admiral (Rear Adm.) Ann Phillips, USN, Ret., has been confirmed and sworn in as the 20th Administrator of the Maritime Administration (MARAD). Nominated by President Biden on October 21, 2021, Rear Adm. Phillips was confirmed by the U.S. Senate on May 10, 2022. She is the first woman to lead MARAD as administrator.
The world’s seafarers are set to see their monthly minimum wages rise incrementally over the course of the next three years.The change is the result of a a resolution agreed by a subcommittee of the the International Labor Organization's (ILO) Joint Maritime Commission (JMC).The meeting agreed to raise the ILO minimum basic wage for an able seafarer to US$658 as of January 1, 2023.
A lack of U.S. Coast Guard icebreaking capacity is hindering shipping on the Great Lakes, a U.S. maritime industry coalition said on Thursday.During this year’s ice season, the U.S.-flag Great Lakes shipping industry lost the equivalent of a month due to delays in ice covered waters, according to the Great Lakes Maritime Task Force, which represents U.S.
U.S. President Joe Biden on Tuesday signed the $1.5 billion Fiscal Year 2022 (FY22) omnibus appropriations package that includes a funding provision for the California State University Maritime Academy's new state-of-the-art training ship.The newly funded ship, which has yet to be named, is the fifth in a series of 524.