Genco Shipping & Trading has entered into an agreement to acquire three modern, eco Ultramax bulk carriers in exchange for six older Handysize vessels, the largest U.S. headquartered dry bulk shipowner announced Monday. The transaction with an unnamed trading partner is structured as an asset swap without monetary consideration or additional capital required.
At a time when the world has become more aware than ever before about the vital importance of the world’s ocean shipping fleet, which carried supplies, merchandise and much needed personal protective equipment during the COVID-19 pandemic, an increased risk from a different threat, cyberattacks, presents a set of new challenges.
Charles River Analytics won a $1.5 million follow-on contract from the Defense Advanced Research Projects Agency (DARPA) to develop a multi-sensor fusion module that incorporates deep learning to autonomously and accurately detect whales and other aquatic mammals.To protect marine mammals from collisions and sonar exposure, sailors must keep a vigilant lookout.
The evolution of commercial ship design and construction now includes a first in the U.S.: the first commercial U.S. vessel designed, built and verified using an end-to-end 3D design process, a project coordinated through ABS, Robert Allan Ltd. (RAL), Signet Maritime Corporation (Signet) and the U.S. Coast Guard (USCG).
Dry bulk shipping company Genco Shipping & Trading Limited announced on Wednesday that it has entered into agreements to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering Co. Ltd. (DACKS). The vessels are expected to be delivered to Genco in January 2022.
Evidence mounts that vessel safety will benefit with technology enhancing the bridge lookout.Maritime safety regulations have – and for valid reasons – traditionally been strict and have often developed in ways that could hold up innovation. Almost two decades after the remedy of ‘goal-based’ standards and ‘technical equivalence’ arrived at the IMO
In the last year, the Covid-19 pandemic has increased the risks of working in what was already one of the most hostile environments on Earth. But, with the first anniversary of the outbreak not long in our collective rear-view mirrors, offshore workers in the North Sea are facing a twin threat: emerging new variants of the virus and increasing Covid-fatigue and complacency.
Recent cyber attacks to the US Government, the IMO, Maersk, amongst others has caused the world to pay attention to criminal cyber activities by foreign states, terrorists, and criminals. The cyber attack against CMA CGM shut down services for close on two weeks. Two days later, on October 30th the IMO was held hostage by a cyber attack.
Russia's Black Sea naval forces practiced destroying enemy targets on Tuesday as Moscow bristled at the presence of two U.S. warships in the area.President Vladimir Putin said on Monday that Russian forces could observe the USS Mount Whitney navy command ship "through binoculars or in the crosshairs of its ... defense systems" and complained about NATO activity near Russia's borders.
Japan's defense ministry said on Sunday that a submarine believed to be from China was spotted in waters near its southern islands, as maritime tensions persist in the Pacific.Japan's navy on Friday morning identified a submerged vessel sailing northwest just outside territorial waters near Amami Oshima island, part of Kagoshima prefecture, the ministry said in a statement.
The crew of the U. S. Coast Guard Cutter Vigilant conducted a formal change of command ceremony in Port Canaveral, Thursday.During the ceremony, Cmdr. Jay Guyer relieved Cmdr. Fred Bertsch of the duties of commanding officer of the vessel.Bertsch served as Vigilant’s commanding officer since 2019 and led the crew through six patrols.According to the U.S.
Seattle-based SeaTac Marine Services announced it has acquired a new heavy deck cargo barge. The 2010-built barge can haul up to 11,000 tons and with nearly 30,000 square feet of deck space, making it one of the larger barges in the Pacific cargo trade. The 300 x 100 feet barge was purchased from Signet Marine in late 2020.