Former Daewoo Shipbuilding & Marine Engineering (DSME) boss Nam Sang-tae sentenced to six years in prison by Korean court for embezzlement and bribery, Yonhap reported. The report said that the Seoul Central District Court handed down the guilty verdict to Nam Sang-tae, 67, convicting him of accounting fraud, embezzlement, breach of duty and bribery. The court ordered him to forfeit 880 million won (US$806,000).
VT Halter Marine has launched the second of Crowley Maritime Corp.’s new Commitment Class ships, Taíno, one of the world’s first combination container/roll on-roll off (ConRo) vessels powered by liquefied natural gas (LNG). Taíno will now proceed through the final topside construction and testing phase at the shipyard in Pascagoula, Miss., before beginning service in the U.
The new data-driven maritime services company Nisomar confirmed a launch services partnership agreement with Norwegian Cruise Line Holdings for the 2017/18 cruise season in Chile. The agreement will see Nisomar South America provide launch services to the company’s Norwegian Cruise Line, Regent Seven Seas Cruises and Oceania Cruises brands across 10 Chilean ports including pilot embarkation/disembarkation,
Maritime regulation should be made more flexible if it is to support the development of autonomous ships. A new report published by The Danish Maritime Authority (DMA) identifies where changes in maritime regulation are needed. The report will be used as a platform for the future effort of The Danish Maritime Authority to develop regulation and make it digitalisation-ready.
Skangas has announced that it has signed a Letter of Intent (LoI) with National Grid Grain LNG. Under the terms of the LoI, Skangas is to source LNG at the Grain LNG import terminal on the Isle of Grain in the UK. Skangas, which produces LNG, struck the deal with Grain LNG to ensure a reliable supply of LNG is available, which is critical to the fast-growing small-scale LNG market.
Singapore's First Ship Lease (FSL) Trust said that it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter. A press release from the company stated: FSL Trust Management, as trusteemanager of First Ship Lease Trust , announces that the Trust has sold containership, FSL Santos, for a cash consideration of approximately US$6,195,000, thus moderating its debt service requirements for 4QFY2017.
At about 1930 hours on 10 December 2017, the Maritime and Port Authority of Singapore (MPA) was informed by Johor’s Maritime Rescue Sub Centre that two men had been reported to be missing after their sampan capsized earlier at about 1630 hours. The incident had occurred 0.8 nautical miles southeast of Pedra Branca, the co-ordinates being latitude 01˚ 19.25’N and longitude 104˚ 24.
Female officials from maritime and port authorities from developing countries are attending a training course aimed at improving management and operational efficiency of their ports. Hosted in Le Havre, France (27 November - 8 December), women from 21 countries are taking part in the two-week course entitled "Women in Port Management" which includes lectures on subjects such as port management,
The U.S. Coast Guard said it is investigating how a containership broke free from its mooring in Boston on Wednesday morning. The Coast Guard, along with Massport Fire Department, Boston Police Department, Massachusetts State Police and port tugs responded to 1,065-foot vessel, Helsinki Bridge, that broke free at the Paul W. Conley Container Terminal at around 12:45 a.
APL has launched a mobile application to help shippers track containers from place of loading to delivery destinations. APL Box Track, available for download from both the Apple iTunes and Google Play stores, is designed to offer convenience and visibility, allowing APL shippers to trace and track their containers while on the go. Its intuitive interface enables users to bookmark their queried container number for a one-touch access after an initial search.