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Polar Code Builds on SOLAS, MARPOL and STCW

By The Maritime Executive

December 21, 2016

The Polar Code enters into force on January 1, 2017, and the U.S. Coast Guard warns it is more complex than other Codes because it builds upon three conventions – SOLAS, several annexes of MARPOL and...

RMT's Bondholders Turn Down Restructuring Plan

By The Maritime Executive

December 21, 2016

On Wednesday, the Singapore-based shipowner Rickmers Maritime Trust (RMT) said that investors had rejected a restructuring plan for $70 million in maturing debt. This is second time that its bondholde...

Construction of Chinese Icebreaker Begins

By The Maritime Executive

December 21, 2016

Construction of China's first locally-built icebreaker began Tuesday in Shanghai, according to the Polar Research Institute of China. The nuclear-powered polar research vessel, being built by Jiang...

Navy Scraps Plan to Replace Rating Titles

By The Maritime Executive

December 21, 2016

In an abrupt about-face, the U.S. Navy announced Wednesday that its sailors may keep their existing rating titles, effective immediately. The announcement suspends the service's plans to replace its s...

Anti-Smog Measures Halt Bulk Handling at Tianjin

December 21, 2016

Chinese steel and iron ore futures dropped for a sixth consecutive session on Wednesday as heavy smog that has enveloped most of northern China curbed demand. Construction activity has halted and m...

Japan Bolsters its Coast Guard

December 21, 2016

Japan will step up efforts to bolster its coastguard as a territorial dispute with China over a group of East China Sea islets shows no signs of abating, Prime Minister Shinzo Abe said on Wednesday....

Virgin's Ship Order Finalized

By The Maritime Executive

December 21, 2016

Ship construction contracts valued at approximately two billion euros between Fincantieri and Virgin Voyages (part of Virgin Group of companies) for three new cruise ships have been finalized and are...

Peterson Awarded Marine Services Contract with ENGIE

By The Maritime Executive

December 21, 2016

International energy logistics provider Peterson has been awarded a contract for marine services by ENGIE E&P UK Limited. The contract, managed out of Aberdeen, covers the provision of marine warrant...

Damen Continues Contact with Ivory Coast

By The Maritime Executive

December 21, 2016

Turnkey delivery of ferry stations will improve transport infrastructure Following the contract signing between Damen Shipyards Group and Société de Transport Lagunaire (STL) for 16 shallow-draught...

Fire Leaves Chemical Tanker Adrift

By The Maritime Executive

December 21, 2016

On Monday afternoon, the chemical tanker Cape Bon suffered a fire in an electrical pane as she was transiting the English Channel. The loss of the panel knocked out her ship’s service power and left h...

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