Alexandra, Egypt – In 2012, the AAST-GE DP Center was established through a joint effort between GE and the Arab Academy for Science, Technology & Maritime Transport (AASTMT) in northern Egypt for the training of mariners. Operated by AASTMT, the facility joins an elite group of only 12 centers in the world that are qualified […]
Busan, South Korea – South Korea is a global shipbuilding hub where some of the world’s largest shipbuilders operate competitively to ensure the highest standards. GE Marine has long been a partner for Korea in this market, recognizing both Korea’s global leadership position and the vital importance that the sector has for the country’s economy. […]
Sydney – Today at the Pacific 2015 maritime exposition at booth number 3Q-10, GE is proud to showcase some of its most recent technologies that are helping to transform the global marine industry. GE Marine offers integrated full electric propulsion and hybrid auxiliary propulsion systems for a wide range of naval ships. GE’s naval expertise […]
CHICAGO — Commercial Distribution Finance (CDF), a division of GE Capital, announced today that its joint inventory-financing venture with Brunswick Corporation, Brunswick Acceptance Company (BAC), has been extended through 2019. BAC provides boat dealers with a long-term source of wholesale inventory financing. The programs provided by BAC are exclusive to dealers of Brunswick boat brands […]
Effective August 10, Hapag-Lloyd will offer its customers a significantly improved service between West Africa and Northern Europe. The new West Africa Express service (WAX) provides highly competitive transit times to and from key markets – for instance 13 days from Antwerp to Dakar, and from Abidjan to Antwerp in only 11 days. The improved […]
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated one individual and one company, and identified as blocked property a vessel in which the company has an interest. The individual and the company designated today are linked to Ocean Maritime Management Company (OMMC), a North Korean shipping company […]
CHICAGO — GE Capital, Commercial Distribution Finance (CDF) announced today that it has extended its inventory financing agreement with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S., through 2018. CDF has been a preferred lender to ABA’s members since the organization’s inception in 1992. “We are […]
Last year, Hapag-Lloyd discovered 2,620 cases of incorrectly declared dangerous goods that were prevented from being shipped. Dangerous goods experts at Hapag-Lloyd investigated over 162,000 suspicious cases which were recorded using a newly developed watchdog software. The watchdog programme continuously examines Hapag-Lloyd’s cargo data to identify anything conspicuous and has a database of more than […]
APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) today announced the launch of a new joint service between the major trading hubs of Asia and key ports in Mexico, Colombia and Panama. In a joint statement made by the carriers, APL, MOL and NYK said Asia is an important market for exporters in […]
Ten years ago, Rolls-Royce partnered with the Norwegian University of Science and Technology (NTNU) and the Marintek Research Centre to create a unique research centre in Norway. The partners have today renewed their agreement in Trondheim, Norway, pledging to continue to develop high-tech solutions for the maritime sector, focusing on improving ship performance in rough […]
