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SM Line Invests $14 Million in HMM Ahead of Possible Government Sale

SM Line Invests $14 Million in HMM Ahead of Possible Government Sale

By The Maritime Executive
January 4, 2022
As South Korea explores the privatization of parts of its shipping industry in 2022, emerging shipping line SM Line is quietly posturing for future growth. Management confirmed that it has made a $14...
Digital Innovator is Solving Maritime’s Spare Parts Inventory Problem

Digital Innovator is Solving Maritime’s Spare Parts Inventory Problem

By SparesCNX
January 4, 2022
The shipping industry suffers from a lack of accurate data on spare parts storage and consumption. Carrying excess spare parts inventory has historically been an unnecessary cost to the maritime and o...
Maritime Executive

FMC to Investigate ONE’s Business Practices Related to Fees Charged

By The Maritime Executive
January 4, 2022
The U.S. Federal Maritime Commission filed a second notice regarding investigations into the business practices and fees charged by a larger ocean carrier. The latest action calls into question Singap...
Coastal Ro/Ro Freighter Beset By Ice in Sea of Okhotsk

Coastal Ro/Ro Freighter Beset By Ice in Sea of Okhotsk

By The Maritime Executive
January 4, 2022
The captain of the coastal freighter Grigory Lovtsov has requested emergency assistance after encountering a high-latitude marine hazard: sea ice formation threatening hull damage.  The Lovtsov sen...
USS Milwaukee Returns to Sea After Two-Week COVID Pause 

USS Milwaukee Returns to Sea After Two-Week COVID Pause 

By The Maritime Executive
January 4, 2022
After being held in port for two weeks due to a widespread outbreak of COVID-19 days into its deployment, the USS Milwaukee returned to sea. The warship departed Naval Station Guantanamo Bay on Januar...
KP Engineering Appoints William E Preston as its New President and CEO

KP Engineering Appoints William E Preston as its New President and CEO

By The Maritime Executive
January 4, 2022
[By: KP Engineering] KP Engineering, LP (KPE), a leader in the design and execution of customized EPC solutions for the refining, syngas, hydrogen and renewable fuels industries, has named William...
GTT to Design LNG Carrier Tank for Samsung Heavy Industries

GTT to Design LNG Carrier Tank for Samsung Heavy Industries

By The Maritime Executive
January 4, 2022
[By: GTT] GTT announces that it has received, at the end of December 2021, an order from its partner the Korean shipyard Samsung Heavy Industries for the tank design of a new LNGC1. As part of t...
NAVTOR to Acquire Ingenium Marine

NAVTOR to Acquire Ingenium Marine

By The Maritime Executive
January 4, 2022
[By: NAVTOR] NAVTOR and Ingenium Marine have signed a term sheet under which NAVTOR will acquire Ingenium Marine. The transaction is subject to execution of definitive agreements. Once completed, I...
Langley Completes Acquisition of Bergen Engines from Rolls-Royce

Langley Completes Acquisition of Bergen Engines from Rolls-Royce

By The Maritime Executive
January 4, 2022
[By: Langley Holdings] Langley Holdings has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for a consideration of €91 million. In addition, €16 million of cash hel...
Restoring Damaged Propeller Blades to Their Original Condition

Restoring Damaged Propeller Blades to Their Original Condition

By The Maritime Executive
January 4, 2022
[By: Hydrex] When damage to propellers occurs due to impact with ice and other debris Hydrex can help shipowners, even if the damage is quite extensive.   By taking advantage of the Hydrex in-hou...

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