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The U.S. Coast Guard and the U.S. Environmental Protection Agency (EPA) signed a Memorandum of Understanding (MOU) on June 27 to jointly enforce U.S. and IMO air pollution requirements for the North American Emissions Control Area (ECA). The requirements establish limits on nitrogen oxides (NOx) emissions, forcing vessels operating within 200 nautical mile of the U.S ...

In a move to enhance customer service, leading marine propulsion company Schottel Group, Spay/Rhein, Germany, recently announced the formation of Schottel Russia, a subsidiary in St. Petersburg, Russia. Sergey Chestny will be the director of Schottel Russia, responsible for all sales activities in Russia. Chestny, who is a Marine Engineer a ...

In a move to expand capacity in its Asia-Europe service, Japan's Mitsui O.S.K. Lines, Ltd. today announced a decision toorder two new 8,600-TEU containerships from Mitsubishi Heavy Industries, Ltd., for delivery in 2013. The new boxships will join eight 8,100 TEU ships already in operation on the Asia-Europe routes.MOL a ...

DryShips Inc. (NASDAQ:DRYS), reports that its majority-owned subsidiary. has exercised its third newbuilding option to construct a seventh generation ultra deepwater drillship at Korean shipbuilder Samsung Heavy Industries. The drillship is a sister ship to two previously ordered in options exercised in April 2011. The higher specifications of these ships include: ...

The maritime industry has often been accused of being slow to catch up when it comes to modern technology. But over the course of the last few years, companies within the industry have made some major innovative breakthroughs. Chariot Robotics, for instance, has developed a sem ...

The Shipbuilders Council of America (SCA) today announced that Huntington Ingalls Industries' Newport News Shipbuilding  and Ingalls Shipbuilding Divisions and General Dynamics' Bath Iron Works (General Dynamics NASSCO is currently a member of the SCA) have joined its national trade association.  The move will enhance SCA's ability to communicate the critical role that the shi ...

The U.S. Department of the Treasury yesterday took action to designate two major Iranian commercial entities -Tidewater Middle East Co. and Iran Air - under Iran sanctions regulations. Tidewater Middle East Co. is a port operating company owned by Iran’s Islamic Revolutionary Guard Corps (IRGC) that has been used by the IRGC for illicit shipments. Treasury noted that it i ...

The American Club had a "very good year" in 2010, members of the P&I mutual heard at its  annual meeting in New York yesterday. The club began 2011 with a strong and stable membership and significantly increased free reserves. Statutory surplus grew by 50 percent to $72.2 million during the year to December 31, while the GAAP figure increased by 32 percent to $63.6 millio ...

Denise Verreault, president and CEO of Groupe Maritime Verreault, has strongly criticized the Quebec government's decision to award a contract for the construction of two ferries to the Italian shipbuilder Fincantieri, a decision that is not, she said, in Quebec's int ...

China's Yangzijiang Shipbuilding (Holdings) Limited says that its Jiangsu New Yangzi Shipbuilding Co., Ltd. has entered  a Cooperation Framework Agreement with China Development Bank Corp. and Peter Döhle Schiffahrts-KG. In addition Yangzijiang  has entered into a letter of intent (LOI) with Peter Döhle to build eight10,000 TEU container vessels. ...