The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations.
Claus Gronborg has been appointed CEO of Maersk Product Tankers – one of the largest product tanker owners in the world.Gronborg takes over the leadership of Maersk Product Tankers on October 1 from Christian M. Ingerslev. Gronborg will remain Chief Investment Officer of Maersk Tankers and a member of the executive team.
The captain of a fuel tanker arrested by the Indonesian navy in May on suspicion of illegally anchoring in its waters has been jailed for 15 days and fined 200 million rupiah ($13,350), a navy spokesman said on Wednesday.The Nord Joy, a Panama-flagged oil products tanker, was detained on May 30 whilst anchored in Indonesian waters to the east of the Singapore Strait
Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come.The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing containerships to record highs.
Indonesia's head of the armed forces said on Friday that he is investigating a Reuters report that navy officers asked for a payment of $375,000 to release a fuel tanker detained last week on suspicion of anchoring illegally in its waters.Navy officers at the Batam naval base, just south of Singapore, requested the unofficial payment to release the Nord Joy fuel tanker
Indonesian naval officers have asked for $375,000 to release a fuel tanker they detained last week, accusing it of anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said.The incident comes after Reuters reported a dozen similar detentions last year.
Climate change advocates and seafarers recently gathered for a small conference at the Hudson Valley Maritime Museum in Kingston, N.Y., to discuss the shipping industry’s struggle to achieve sustainability and environmental compliance.The setting, the hamlet of Rondout, N.Y. (within Kingston), holds significance as it was, ironically
Ocean Group announced it has acquired the Verreault shipyard, located in the municipality of Les Méchins, in the Gaspé Peninsula, on Canada's east coast.Founded in 1956, Verreault Shipyard specializes in ship repair and conversion. With this transaction, Ocean Group adds capacity and grows its workforce by a hundred.
Within the maritime sector not enough attention is paid to maritime subcontracting. And yet, it is as important as the main contracts that maritime main contractors conclude with their clients, such as shipping companies and buyers of superyachts. The same applies to the oil & gas and renewable energy industry.
A.P. Moller – Maersk (Maersk) announces an intended acquisition for its subsidiary Maersk Training of the Norwegian company, ResQ, a supplier of safety training and emergency preparedness in Norway.ResQ has five survival centers in Norway to cater for training in the North Sea and offers more than 70 course titles, while the crisis management part consists of a full emergency response setup.
Motor Services Hugo Stamp and Governor Control Systems are rebranding as one entity named MSHS. The unification marks the next milestone in the company’s history spanning nearly 40 years of engine sales and services, control systems, and engineered solutions for marine, industrial, energy, defense and government clients.
Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy to expand its business in assisting worldwide floating facilities such as FSO, FPSO, FLNG, FSRU, and SPM Terminals.