• News

Ambrey Risk gains LRQA certification

NOVEMBER 4, 2013 — On board armed security teams have proven to be a very effective deterrent to pirate attacks. Now it’s getting somewhat easier for shipowners to distinguish the acceptable private

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NAT-sponsored NAO may take a seventh

NOVEMBER 4, 2013 — Nordic American Tankers (NYSE:NAT) says that Nordic American Offshore is adding a newbuilding option to the six PSX121 platform supply vessels that it intends to buy from Ulstein

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Laborde gets $22.5 million GE Capital financing

NOVEMBER 1, 2013 — GE Capital, Corporate Finance today announced it provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats.

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Shell plate buckling eyed in box ship break up

NOVEMBER 1, 2013 — The ClassNK Casualty Investigation Team looking for the causes of the mid-June incident that saw the containership MOL Comfort break in two has released preliminary findings and safety

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P-trap antipiracy system on show at Europort

NOVEMBER 1, 2013 — Dutch marine safety specialist Westmark will promote its P-trap piracy anti-boarding system at this year’s Europort event in Rotterdam. The P-Trap is a passive non-lethal self-protection measure  and

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Brits blast out Britney to scare pirates

OCTOBER 31, 2013 — British merchant vessels are using LRADs (Long Range Acoustic Devices) to blast out Britney Spears hits to deter pirate attacks. The news, which has been widely reported in

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Vessel operating costs predicted to rise

OCTOBER 31, 2013 — Vessel operating costs are expected to rise by more than three percent in both 2013 and 2014 according to a new survey by international accountant and shipping consultant