Monthly Archives: August 2017

Denmark-based shipping company TORM sold three vessels: TORM Anne (1999-built MR vessel), TORM Madison and TORM Trinity (both 2000-built Handysize vessels) during the first six months of 2017. Furthermore, TORM completed sale and leaseback transactions for three vessels: TORM Helene…

The Navy will commission the Expeditionary Sea Base USS Lewis B. Puller (ESB 3) during a 5 p.m. AST ceremony Thursday, August 17, at Khalifa bin Salman Port in Al Hidd, Bahrain. The future Lewis B. Puller - currently USNS Lewis B. Puller (T-ESB 3 )- is...

Maritime software, services and data analysis provider NAPA said it has updated its performance monitoring and reporting systems to enable simple, straightforward compliance with EU Monitoring, Reporting and Verification (MRV) legislation. Users of NAPA Shipping Solutions…

International vessels have been trading in the Port of Charleston, S.C. for centuries. While Charleston is the sixth largest container port in the U.S., it is also home to Detyens Shipyards, Inc (DSI). In the past several years, DSI has seen…

Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao. As Maritime Administrator, Buzby will lead the agency tasked with promoting the use of…

The European Commission has published its long-awaited position on the feasibility of introducing a financial incentive to ensure that more ships are recycled at EU-approved facilities. Danish Shipping is opposing such a financial scheme but…

In 1869, the U.S. Navy’s first research facility—the Naval Torpedo Station—was built on Newport, Rhode Island’s Goat Island. This rich history continues today, as the state is home to the Naval Undersea Warfare Center, which provides the technical foundation to ensure the U.S.

Iron ore, dry bulk cargo and general cargo shipments remain strong on the St. Lawrence Seaway, with overall tonnage up 18 percent over last year. The St. Lawrence Seaway Management Corporation reports that cargo shipments from March 20 through…

Lars Ljungström has been appointed to vice president of finance and chief financial officer (CFO) for Volvo Penta of the Americas, effective July 2017. Ljungström will provide strategic leadership over finance, planning, budgeting and reporting for North, South and Central America and the Caribbean.

Voith Turbo, a manufacturer of a wide range of products for the marine industry, said it has completed its first major refurbishment project in a brand new U.K. facility. The complete overhaul of a 26-metric-ton Voith Schneider Propeller (VSP) has been carried out for Red Funnel…