AAPA ‘encouraged’ by US infrastructure plan
Feb06

AAPA ‘encouraged’ by US infrastructure plan

The American Association of Port Authorities (AAPA) is said to be encouraged by the recent release of the infrastructure investment outline by Senate Minority Leader Chuck Schumer (D-NY) and Senate Democrats. This is said to be due to the outlines’ the recognition that ports and waterways play a vital role in the nation’s economy, jobs and supply chain. “Coupled with President Trump’s stated intention to make major improvements in...

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Chinese Shipbuilder Boosts Deep-Sea Exploration Capabilities
Feb03

Chinese Shipbuilder Boosts Deep-Sea Exploration Capabilities

China Shipbuilding Industry Corp (CSIC) is almost done building a new cost-efficient manned submersible that could reach the majority of seabeds in the world. The development of deep-sea manned submersibles for rough seas would be one of CSIC’s priorities in 2017. The vessel, now under final assembly and testing phase, will be equipped with five observation windows and three seats. CSIC also led the development of Jiaolong, China’s...

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Korean big 3 shipbuilders continue tough restructuring this year
Jan27

Korean big 3 shipbuilders continue tough restructuring this year

South Korea’s three largest shipbuilders will continue intensive downsizing programs this year, cutting payrolls further and selling additional assets to regain global competitiveness amid a deep recession across the industry. The shipbuilders aim to jettison assets worth more than 4 trillion won ($344 million) by the end of this year, while raising a new order target by three times from what they earned last year. That’s according to...

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Fincantieri Selects IBM Cloud to Meet Growing International Demand for more Efficient Shipbuilding
Dec21

Fincantieri Selects IBM Cloud to Meet Growing International Demand for more Efficient Shipbuilding

IBM announced that Fincantieri, one of the world’s largest shipbuilding groups and number one by diversification and innovation is adopting a hybrid cloud solution from IBM to improve the efficiency of designing, building and deploying new vessels in response to the growing global demand for shipbuilding. According to Cruise Lines International Association (CLIA), demand for cruising has increased 68 percent over the last 10...

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Derecktor to Build the Second Hybrid Series Vessel
Dec07

Derecktor to Build the Second Hybrid Series Vessel

Derecktor Shipyards of Mamaroneck, New York and Harbor Harvest of East Norwalk, CT. proudly announce their next revolutionary project providing an alternative transportation platform for organic food shipping. Combining the quality construction that Derecktor’s reputation is built on, along with their successful application of a cutting edge BAE HybriDrive® propulsion system utilizing Cummins QSB6.7’s, the vessel is based on a 19m...

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Maritime Strategies International Forecast A Stormy Road To Recovery For The Shipping Industry
Nov15

Maritime Strategies International Forecast A Stormy Road To Recovery For The Shipping Industry

 Addressing the Hansa Forum in Hamburg, Germany this past week, MSI Senior Analyst James Frew warned that the industry will continue to face multiple challenges to a sustained recovery despite positive demand fundamentals.  “The commodity shipping sectors remain well correlated with each other – with the exception of offshore and LPG – and most sectors are positively correlated, but not tightly so,” said Frew. “So the question is...

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Crowley Takes Delivery of Louisiana, Third Jones Act Tanker
Apr19

Crowley Takes Delivery of Louisiana, Third Jones Act Tanker

Crowley Maritime Corp. took delivery  of Louisiana, the third of four new, Jones Act product tankers being built for the company by Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA. The delivery marks another highpoint for Crowley’s petroleum services group as its tankers are at the forefront of the industry for their potential future conversion to LNG propulsion. Louisiana, which is 50,000...

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The Launch Of “Blue Brother”
Mar22

The Launch Of “Blue Brother”

A new launch for Vittoria Shipyard in Adria (Italy). The ceremony for Blue Brother took place in the waters of the Canalbianco-Po River. The supply vessel will be leased out to Bambini di Ravenna, which is one of the most important maritime transport companies in Italy, specialized in providing offshore support services. The new vessel is property of the shipowning company Adriese di Navigazione, which is also the holding company of...

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