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Asian Tankers-VLCC Rates to Slip

September 9, 2016

Freight rates for very large crude carriers (VLCCs), which are at or close to multi-year lows, could slip next week as too much tonnage outweighs a dearth of cargo, ship brokers said on Friday. "Sh...

SMM: ECDIS Suppliers Act on Vessel Traffic Management

By The Maritime Executive

September 9, 2016

Three leading ECDIS suppliers, Transas, Wärtsilä SAM Electronics and Adveto, have announced that they will provide the first Sea Traffic Management-compatible onboard systems. The E.U.-funded MONA...

Japan to Provide Patrol Ships to Vietnam

September 9, 2016

The Japanese government said on Wednesday it is ready to provide Vietnam with new patrol ships, in its latest step to boost the maritime law-enforcement capabilities of countries locked in territorial...

Ballast Water Convention to Enter into Force in 2017

By The Maritime Executive

September 9, 2016

Accession by Finland has triggered the entry into force of the IMO Ballast Water Management Convention. The Convention will enter into force on September 8, 2017, marking a landmark step towards ha...

Hanjin Funding Decision Delayed

September 9, 2016

On Friday, Korean Air Lines, the biggest shareholder in Hanjin Shipping, delayed a decision on a funding plan for the troubled company for a second time, adding to uncertainty about cargo stranded at...

U.S. Homeless Could Move Into Navy Ship

By The Maritime Executive

September 8, 2016

A former San Francisco mayor has proposed that the city’s homeless could be sheltered on a retired U.S. Navy Ship. In an op-ed in the San Francisco Chronicle, Art Agnos, who led the city from 1988...

SMM: New Partners in COGAS Container Ship Project

By The Maritime Executive

September 8, 2016

Project partners GTT, CMA CGM and DNV GL signed a cooperation agreement with new project participants for the Piston Engine Room Free Efficient Containership project (PERFECt) project at SMM this week...

Port of Long Beach CEO Jon Slangerup Resigns

By The Maritime Executive

September 8, 2016

Port of Long Beach CEO Jon Slangerup announced his resignation on Thursday, effective from October 28, 2016. He has accepted a position as Chairman and CEO of a leading aviation technology company...

World's Largest Offshore Turbine Installed

By The Maritime Executive

September 8, 2016

The first of 32 eight megawatt wind turbines, the largest in the world, has been successfully installed at the Burbo Bank Extension offshore wind farm in Liverpool Bay in the U.K. The developmen...

Slow Rebound for Offshore Services - Bourbon

By The Maritime Executive

September 8, 2016

French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the offshore marine sector because of deep cuts in investments durin...

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