A £35 million investment by Craig Group in four new vessels has already secured major contracts for the Aberdeen global shipping and energy services company. The new-build D-Class Emergency Response and Rescue Vessels (ERRVs), which will be managed by Craig Group division North Star Shipping, will t
ERRIA, a shipping company specialized in providing administrative ship management, announced today, May 15th 2012, that it has sold and transferred vessel named Erria JULIE in Kalundborg, to the Uni-Tankers shipping line. MT Erria JULIE is the sixth of nine vessels that the company is planning to se
The Code of Conduct concerning the Repression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden (Djibouti Code of Conduct) was today signed on behalf of South Africa by the South African High Commissioner, His Excellency Dr. Zola Skweyiya, who was attending a
APM Terminals has announced that it will invest more than US$100 million to increase the capacity of the Poti Port over the next three years, Port Technology reports. The plans include the build of both new container and bulk cargo facilities and the deepening of the port’s harbor. This expansion wi
TORM has entered into an agreement to sell its 50% stake in the joint venture entity Ugland & TORM Shipowning ApS. The joint venture’s main asset is a 2007-built LR1 vessel, TORM Ugland. The transaction leads to a P&L loss of approximately USD 5 million, which will be recognized in the financial sta
Pole Star Space Applications Ltd, the leading provider of fleet management, ship security and asset monitoring systems, has released an upgrade to its DSAS Ship Security Alert System, featuring new hardware from SkyWave Mobile Communications. The upgraded DSAS is designed to provide continuity of se
The container ship AS Scotia already meets the requirements of the Ship Energy Efficiency Management Plan (SEEMP), which will become compulsory as of 1 January 2013. The SEEMP has been adopted by the IMO as a mechanism for vessels to improve their operational energy efficiency, thereby lowering CO2
Safe berthing and mooring operations are critical to the success of ports, harbours and offshore environments. Most importantly, safe operations protect site personnel but additionally, the huge investments made in the facility to begin with. A new bollard guide, published by Trelleborg Marine Syste
Lloyd’s Register’s Strategic Research Group has joined forces with Totempower Energy Systems and Zodiac Maritime Agencies to assess the potential of wind-generation devices onboard commercial ships as the maritime industry steps up its pursuit of viable carbon-alternate fuels. A fully autonomous win
As vessel sizes steadily increase, so too do the pressures exerted on port infrastructure. However, a recent report indicates that many commercial ports don’t have adequate infrastructure in place to manage the increase in vessel sizes coming through their terminals. Richard Hepworth, Managing direc
HRH Crown Prince Haakon of Norway and Norway’s Minister of Trade and Industry Trond Giske today attended Norway Day celebrations at the World Expo in Korea. Norway’s participation in the World Expo is a partnership between the Norwegian authorities and four private sponsors – Det Norske Veritas (DNV
Songa Offshore has provided its fleet status update for April 2012: Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate for Petronas Carigali in Malaysia. Songa Mercur achieved an operating efficiency of 100% during the month. The rig continued to oper
Shipping is highly underinvested in modern software technologies. Only 0.7% of the investments that go into new vessels go into software technologies. With rising fuel prices and operating costs leaving the industry facing ever slimmer profit margins, Germanischer Lloyd (GL) experts showed how the i
This weekend, the German trade hub opened the gateway to India at Hamburg’s Port Anniversary, the world’s largest port festival. Once again, both countries displayed their close relationship as India presented itself to more than 1.5 million visitors at the INDIA FESTIVAL. Launch of “Days of India i
