World Maritime Day is celebrated all over the world and every year International Maritime Organization (IMO) sanctions an official “Parallel Event” to formally mark the occasion away from the Organization’s London headquarters. This year it is the turn…
Poland to Host World Maritime Day celebration Read More »
Following some rather active start to the new year, ship owners have started to ease from committing additional funds to newbuilding contracting or second hand acquisitions. In its latest weekly report, shipbroker Allied Shipbroking noted that “it look…
Ship Owners Take A Breather From New Ship Acquisitions Read More »
In this current period of downturn, critics of offshore shipowners will say that owners have been guilty of not scrapping older tonnage in order to maintain a young and advanced fleet. Though this is justified, rewind to pre-downturn, these debt free o…
OSV YTD Scrapping Rates Increase by 153% Read More »
The digitalization process taking place in every area will also determine the future of shipping. The changes will affect the structures and business models of the industry as well as production. “Shipping will be marked by much greater integration of …
Two GE LM2500 marine gas turbines power the Japanese Maritime Self Defense Forces (JMSDF) newest destroyer JS Asahi (DD119). This first of two new destroyers in the JMSDF’s Asahi-class destroyer program was recently commissioned by the JMSDF.
GE Gas Turbines for Japan’s JS Asahi Destroyer Read More »