WASHINGTON – The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the availability of $9.8 million in Federal funding to support capital improvements and employee training at small U.S. shipyards. The grants, provided through the Small Shipyard Grant Program, help eligible shipyards modernize operations, improve efficiency and reap the benefits of increased productivity by […]
Hyundai Merchant Marine has announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung. Hanjin Pacific Corporation (HPC) which is owned by Hanjin Shipping (60%) and Marine Terminals Investment Limited (40%) operates terminals at ports […]
The Federal Maritime Commission (FMC) today rejected the “Port of New York/New Jersey Equipment Optimization Discussion Agreement” (FMC Agreement No. 012445) for failing to meet the clear and definite disclosure standard required by law. The Port Authority of New York & New Jersey (PANYNJ) and the Ocean Carriers Equipment Management Association Agreement (OCEMA) jointly applied […]
Hyundai Merchant Marine announced that its board of directors decided to buy a 20-percent stake in Total Terminals International LLC (TTI) and equipment-leasing firm HTEC for a combined US$15.6 million. The deal will make HMM become the No. 2 stakeholder in TTI after MSC. Moreover, HMM will receive the same port tariff rates with MSC, […]
The Council agreed its position on the revision of safety rules for civil aviation. The draft regulation contains a new mandate for the European Aviation Safety Agency. It also includes the first EU-wide rules on civil drones, to enable drones to fly safely in European airspace and boost this rapidly expanding industry. Aviation safety, EASA […]
HOUSTON — GE’s Marine Solutions (NYSE: GE) has long proved its extensive expertise in dynamic positioning (DP) technology and training capability through customer project execution and services provided worldwide. To continue improving customer experience and enhancing marine training and service capability, GE has reinvested in the Marine Technical Center, its flagship DP training school opened […]
The choice is clear. One option is to continuing to wait for global agreement – while hundreds of vessels continue to be dismantled on the beaches of India, Bangladesh and Pakistan – or to act now and begin improving the conditions in yards. That is what we have done in Maersk. We have chosen to […]
HAMBURG, GERMANY — GE’s Marine Solutions (NYSE: GE) recently provided an extensive upgrade service to one of the world’s most famous ocean liners, the Queen Mary 2 (QM2). The upgrade service with new technology supplied by GE was completed in just 18 days. Twelve years after equipping the QM2 with original propulsion motors, GE […]
The European Commission welcomes progress made this week within the International Maritime Organisation (IMO) to address greenhouse gas emissions in the maritime sector. IMO notably adopted a global and mandatory system to collect fuel consumption data from ships. The European Union and its Member States have been among the main advocates of such system, as […]
Oil and oil related businesses, either individually or in combination, to be separated from A.P. Møller – Mærsk A/S. Maersk Oil will focus on optimizing and strengthening its strong position in the Danish, British and Norwegian parts of the North Sea. Reorganising A.P. Møller – Mærsk A/S into two separate divisions; Transport & Logistics and […]
