Search results for: Modernization

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  • 24 May 2016
    Business & Finance

    Euroseas, owner and operator of drybulk and container carrier vessels, is looking to avail of the low ship prices to replace some of its older vessels with younger tonnage. These in particular relate to continerships as prices for vessels older than 15-years have been squeezed around scrap prices. “In that context, we sold in May […]

  • 17 August 2018

    To be able to handle next-generation ships, the Port of Everett embarks on the largest capital project in its history.

  • 12 February 2016
    Business & Finance

    The ill-fated car carrier Modern Express could soon be righted as the Dutch Koninklijke Roeiers Vereeniging Eendracht (KRVE) has been hired for the job. KRVE will deploy their ShoreTension system to right the vessel so the unloading of its cargo of wood and excavators can start. Modern Express, which is currently moored in Bilbao, will be held in position using six […]

  • 24 February 2020

    Iran unveiled a massive newbuilding program in an effort to modernize the country’s fleet. 

  • 29 May 2013
    Business & Finance

    As part of its worldwide strategy, KOTUG continues to invest in modern and powerful tugs to provide high quality services with well trained, dedicated and certified crew. During the Tugnology Conference in London, Elisabeth Ltd and Cheoy Lee Shipyards officially announced the building of two new Rotor®tugs. KOTUG will charter this newly designed harbour tugs […]

  • 2 February 2016

    The danger of grounding of the ill-fated car carrier Modern Express has been avoided as the ship has been towed away from the French coast, French Maritime Authority said. Namely, based on the latest update, the ship is currently some 65 kilometers off the coast, towed west by Spanish tug Centaurus some 2 knots per hour. […]

  • 13 October 2014

    Have you ever asked yourself what is the total number of seafarers in the world? Or maybe which country has the biggest number of seafarers? This infographic will provide you with a lot of interesting information that you probably didn’t know, so take a look. [mappress] World Maritime News Staff, October 13, 2014; Image: HELM […]

  • 30 November 2011

      In pursuing efforts to modernize its port network, Peru plans to invest $3bn in the upcoming five years. Half of the investment will be provided by the private sector and the other half from the state through public-private partnerships. Ranked 106th out of 142 countries in the world in terms of port, this investment […]

  • 20 May 2014
    Business & Finance

    A 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, Newlead Albion was delivered to NewLead Holdings’ fleet on Monday, May 19, 2014. Newlead Albion is trading on the spot market and is expected to generate $2.0 million EBITDA per year assuming $1.73 million yearly OPEX. The vessel is one of the two eco-type ships that […]

  • 25 December 2007

    The expansion and modernization of Ports remained amongst the top priority areas of the Government during the year 2007. Several developmental projects got underway at the major ports during the year. The year also witnessed significant growth in traffic and capacity at ports and also the growth in Indian Tonnage. During the year, the Perspective […]

  • 12 February 2015

    GTT, the French maker of membrane containment systems for the maritime transportation and storage of LNG, said it is revamping its visual identity.

  • 15 November 2013

    Within BOURBON’s strategy that aims to focus its fleet on modern and fuel efficient ships, built in series, the company sold two large 10 – year old Norwegian built AHTS (Anchor Handling Tug Supply) vessels, Bourbon Surf and Bourbon Borgstein, for a total amount of $130 million. The sale generated a total capital gain of approximately […]

  • 28 February 2017
    Business & Finance

    Judy M. Foote, Minister of Public Services and Procurement, yesterday announced that the Government of Canada plans to invest in modernization of the Esquimalt Graving Dock, the largest deep sea shipbuilding and repair facility on North America’s West Coast.  Joined by representatives from the Esquimalt Graving Dock, Minister Foote highlighted the results of projects totaling […]

  • 22 April 2016

    The Energy Policy Modernization Act (S. 2012) that was passed by the Senate by an 85-13 vote will provide the LNG industry with confidence in the regulatory process, according to CLNG’s executive director Charlie Riedl.

  • 17 November 2011
    Business & Finance

      14 years after the disaster with the Kursk submarine in the Barents Sea, the Russian navy will finally get a modern rescue ship… (BarentsObserver) [mappress] Source: BarentsObserver, November 17, 2011  

  • 29 July 2013

    Maersk McKinney Moller, the world’s largest container ship and first Triple-E class vessel, made a call at the Port of Tanjung Pelepas (PTP) on its maiden voyage from South Korea to Europe. PTP was the vessel’s last port of call in Asia before it journeys to Rotterdam in The Netherlands today. PTP chief executive officer […]

  • 28 January 2016

    The major ports in India are undergoing upgrades, modernization and construction of new terminals, in order to add more capacity and develop into hub ports, the Indian Ministry of Shipping said. Compared to similar ports around the world, the current level of mechanization at India’s ports is not sufficient, the ministry added. Namely, Kolkata port is only 30% mechanized, […]

  • 29 August 2012

    The Government will continue to support the construction of modern ships for the Naval Forces of Ukraine. This was stated by Prime Minister Mykola Azarov during his visit a public joint stock company “Black Sea Shipbuilding Plant”, which conducted a comprehensive repair of Naval Forces’ ships and construction of new corvettes. The PM has assured […]

  • 22 June 2012
    Business & Finance

      The U.S. Army Corps of Engineers (USACE) submitted to Congress Wednesday the “U.S. Port and Inland Waterways Modernization: Preparing for Post-Panamax Vessels” report, an examination of options for future modernization of U.S. ports and inland waterways. The USACE Institute for Water Resources (IWR) in Alexandria, Va., was responsible for the development of the report […]

  • 10 August 2016

    The government of the United Kingdom has decided to tackle substandard working conditions at sea by enforcing the provisions of the Modern Slavery Act, which came into force on 8 August. Law enforcement officers across the country will join the fight against modern slavery at sea as they will be allowed to board and search vessels, seize […]

  • 27 June 2017
    Business & Finance

    Florida International Terminal (FIT), operated by provider of port, towage and logistics services SAAM, has commenced a modernization project in an effort to improve its services. The project entails building a modern terminal with new facilities such as a gatehouse with eight lines, doubling its capacity to receive and ship containers, as well as an […]

  • 22 November 2016
    Business & Finance

    Russia’s shipbuilding industry has been undergoing intense revival, according to Yevgeny Zagorodny, Vice-President for Civil Shipbuilding, United Shipbuilding Corporation. In his recent interview with the IAA PortNews, Mr Zagorodny spoke about new promising designs of vessels, construction of dredging ships, modernization of production facilities, state support measures, impact of sanctions, import substitution and development plans. When […]