On behalf of the American Maritime Partnership, Joseph H. Pyne, Chairman and Chief Executive Officer of the Kirby Corporation, testified before the Subcommittee on Coast Guard and Maritime Transportation of the House Transportation and Infrastructure Committee and said that preserving the Jones Act is essential to the nation’s economic growth as well as its national [...]
The EU will provide some €37 million to strengthen the fight against piracy in several Eastern and Southern African countries through support for the Programme to promote Regional Maritime Security (MASE). In the past decade, the level of maritime insecurity in the region’s waters has become the highest in the world, undermining development and affecting [...]
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Genscape, the company that pioneered the placement of thousands of patented, in-the-field energy monitors to measure market fundamentals in real-time, today announced the acquisition of Vesseltracker.com GmbH. This acquisition significantly expands Genscape’s network of proprietary real-time energy monitors to deliver the next era in oceangoing fleet analytics and customized reporting. Vesseltracker uses sophisticated algorithms to [...]
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Electromagnetic Geoservices ASA (EMGS) has entered into an agreement with North Sea Shipping to extend the charter hire period for the vessel Atlantic Guardian from 1 September 2013 to 1 March 2014. Furthermore, EMGS has agreed to charter the vessel for an additional period of at least two years, with three optional one-year extensions. Under [...]
Farstad Shipping ASA has, through its wholly owned subsidiary P/R International Offshore Services ANS, sold the PSV Lady Kari-Ann (1982, ME 202, 2,972 DWT). Delivery of the vessel to the new owner took place Tuesday 21 May 2013. Sale of the vessel will give a booked profit of approx. NOK 3.5 mill. in the 2nd [...]
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that yesterday it agreed to loan up to $50 million to Diana Containerships Inc., a former wholly-owned subsidiary of the Company of which Diana Shipping Inc. currently owns approximately 10.4% of the issued and outstanding common [...]
Eco Marine Power (EMP) and KEI System Ltd (KEI) of Osaka, Japan, announced today that they will release later this year, the Aquarius Monitoring and Automation System or Aquarius MAS – a marine computer system capable of monitoring and/or controlling equipment on ships including wind and solar power devices plus being able to monitor fuel [...]
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The captains who will take charge of the Triple-Es have to prepare for the new vessel and its twin-skeg setup, which is different from the single engine and propeller on the E-class vessels (and other container vessels). They do this with the help of the same bridge simulation programme which is also made available to [...]
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Almost 80% of collisions and groundings occur due to a failure of bridge systems and their usage. A new three year European Research Project, part funded by the EU has been launched to help increase safety on-board vessels. The project named CASCADe, (model-based Co-operative and Adaptive Ship-based Context Aware Design) aims to address the lack [...]
Diana Shipping Inc. announced that on May 17, 2013, the company has signed, through separate wholly-owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company (CSTC), Limited and Jiangnan Shipyard (Group) Co., Ltd., for the construction of two Newcastlemax dry bulk carriers of approximately 208,500 dwt each for a contract price of US$48.7 million per [...]
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