Forth Ports in multi-million tugboat takeover
Forth Ports has acquired Angus tug firm Targe in a multi-million pound deal to create a marine services business “of scale” along the east coast of Scotland. Set up in 1991, Targe […]
News
Italy’s Eni to buy 20% stake in world’s largest offshore wind farm
Italian energy firm Eni is taking a 20% stake in what is set to be the world’s largest offshore wind farm. The energy firms Equinor and SSE are both selling […]
Wilson Sons expands tugboat operations in Brazil’s Northern Arc Ports
The company will deploy a tugboat with azimuthal propulsion, providing improved safety and agility in the maneuvers. Santarém is part of Brazil’s Northern Arc Ports, important grain export corridor in […]
Intertug completes merger
Intertug in Columbia has completed a merger of its operations in the country following approval from the authorities. In May of this year, International Tug S.A.S. (Intertug) requested from Colombia’s […]
BIMCO to publish standard refund guarantee to eliminate legal uncertainty
“The aim of the BIMCO refund guarantee is to provide an instrument which removes uncertainties as to what is guaranteed and when the guarantee can be called on, as far […]
Investigations step up as salvage team grapples with broken up bulk carrier off Mauritius
The crew of the Wakashio bulk carrier, which split in two on reefs off Mauritius on Saturday, are due to face further interviews this week, while investigators are also set […]
The tugboat, towboat and barge industry keeps essential goods and cargoes moving
The American Waterways Operators has released a new video highlighting the indispensable role of the tugboat, towboat and barge industry during the ongoing COVID-19 pandemic. Commercial mariners, who are considered […]
Hong Kong to allow unrestricted crew changes
In a major step forward in getting crew changes moving again Hong Kong is to allow unrestricted exchanges of seafarers. Efforts led by the Hong Kong Shipowners’ Association (HKSOA) to […]
UN agencies call for urgent action on crew changes and keyworker designation for sea workers
The heads of the maritime, labour and aviation organizations of the United Nations have issued a plea for urgent action on crew changes and for keyworker designation so that sea […]
Svitzer ramps up Middle East tug fleet
Up to five azimuth stern drive (ASD) tugs are being built for Svitzer’s operations in Oman in Sanmar’s Turkish shipyard to support container ships berthing at the Sohar terminal after […]
COVID-19: Top 5 Financial reporting considerations for the Shipping Industry
We’re operating in uncharted waters. The current and potential effects of the COVID-19 outbreak are difficult to assess and predict, but the way companies plan for uncertainty and respond to […]
Certificate of Equivalence / Gleichwertigkeit Zertificate
The German “Gleichwertigkeit Zertifikat” ( Certificate of Equivalence ) is required for all foreign commercial vessels on coastal voyages in German waters and is issued under the authority of the […]