Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new U.S. tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said earlier this month he was aware of concerns…
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Report: Decarbonize Maritime by 2035
While the notion that maritime transport could be "zero-carbon shipping" by 2035 may seem fallacy to the majority, a new report reviews the pathways to zero-carbon shipping. According to a new report published by the International Transport Forum at t...
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UTEC Develops Bespoke FPSO Virtual Management Tool
UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production storage and offloading unit (FPSO) from their desktop. The field, located offshore…
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Basra Gataway Buys Custom Damen Dredger
A customized Damen Cutter Suction Dredger, type CSD500, has been named by her owner Basra Gateway terminal at the Damen Dredging yard in the Netherlands. Immediately after the ceremony, the dredger was made ready for transport and towed to Rotterdam…
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Moose Boats Building a New Fire Boat for Maryland
California based boat builder Moose Boats said it was awarded a contract from North Beach Volunteer Fire Department in Chesapeake Beach, Md., for the construction of a M1-46 Fire Rescue Catamaran. North Beach Volunteer Fire Department and Calvert Count...
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Once overlooked, 2,500-year old coffin may offer clues into ancient Egypt
SYDNEY (Reuters) - Australian academics could help unlock mysteries around ancient Egypt after discovering that a 2,500-year old coffin might contain the remains of a prestigious mummy.
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Hyundai Merchant Marine Gets $420 Mln to Add 5 VLCCs
South Korea’s leading sea carrier Hyundai Merchant Marine Co. (HMM) has signed a financial contract with Korea Shipping and Maritime Transportation to build five 300,000-ton very large crude carriers (VLCCs), said a report in Business Korea.
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COSCO Shipping Ports More than Doubled Profit in 2017
Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits. The subsidiary and listed company of China COSCO owned…
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Djibouti Provides Port Security Training
Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be secure – and this involves people at all levels. A national maritime security training workshop…
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Yang Ming Back to Profitability in 2017
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion), up 13.59% compared with NTD 115.4 billion (USD 3.88 billion) in revenue from previous year.
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