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US Fines HHI $47Mln Over Dirty Engines

Pic: Hyundai Heavy Industries

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015,

The Poseidon Principles: De-carbonizing Global Shipping

The Poseidon Principles have been established by the Global Maritime Forum and major financial institutions as a framework within which maritime industry stakeholders will work to reduce carbon emissions.

(Photo © Adobe Stock / Paul Vinten)

The Global Maritime Forum, banking institutions and other maritime industry stakeholders have developed the Poseidon Principles, a global agreement among financial institutions with the aim of decarbonizing shipping. Named after the Greek God of the sea, the Poseidon Principles aim to reduce carbon

GOGL Ups Investment in Singapore Marine

Image: Golden Ocean Group

Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss Marine is a privately owned freight operator founded in

Australia Bans Two Bulkers Over Mariner Pay Spat

Image: Australian Maritime Safety Authority

The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively.

Ghana Implements SOLAS

Pic: International Maritime Organization (IMO)

Ghana is the latest country to benefit from training on the implementation of International Maritime Organization (IMO) maritime security standards in SOLAS Chapter XI-2 and the International Ship and Port Facility Security (ISPS) Code.The workshop (9 -13 September) was held in Accra, Ghana. Participants

Nasdaq: Performance Shipping Out of Compliance

File Pic: Performance Shipping

Greek boxship owner Performance Shipping disclosed that it has received a noncompliance notification from the Nasdaq Stock Market.The notice was received from the regulator because the company's  closing share price was below $1.00 per share for 30 consecutive days, said the global provider

Guam Shipyard Ordered to Control Pollution

Logo: EPA

The U.S. Environmental Protection Agency (EPA) has ordered Guam Shipyard to obtain a stormwater discharge permit and to achieve compliance with the Clean Water Act for discharges of pollutants into Apra Harbor, Guam.“Ship repair facilities must have stormwater pollution controls to protect coastal ecosystems,

InvaSave Ready for BWM Convention Deadline

Photo: Damen

The InvaSave mobile ballast water treatment system from Damen Green Solutions has demonstrated beyond doubt its capability to help ships meet the incoming D2 standard. All vessels will be required to comply with the standard which came into force on September 8th this year.This summer the InvaSave crew

FBI Seeks Evidence in California Boat Fire

Responder battle the blaze on the ill-fated Conception. CREDIT: USCG

Federal and local investigators on Sunday carried out search warrants involving the owners of a diving boat that caught fire off the California coast in the middle of the night last week, killing 34 people.Agents from the FBI, the Bureau of Alcohol, Tobacco and Firearms, the U.S. Coast Guard and the

New Ship Emission Regs: Dirty Fuel Down but Not Out

File Image / AdobeStock / © dbvirago

Asia's spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships.But as the deadline approaches, analysts and traders agree that demand

NYSE Begins to Delist Seadrill Partners

Image: Seadrill Partners

The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated.According to the UK-based offshore deepwater drilling company,

German NGO Calls on Malta to Take in Migrants

AdobeStock / © Renaschild

A German non-governmental organisation filed on Friday a court request in Malta calling on the government there to accept 13 Tunisian migrants who it said had been saved from a sinking boat in Malta's search and rescue zone.The NGO Sea Eye, which operates the rescue ship Alan Kurdi, called on Maltese

Novatek, Sovcomflot Announce Shipping JV

Image:  Novatek

Novatek, Russia’s natural gas producer and liquefied natural gas (LNG) major, has signed a heads of agreement on creating a joint venture (JV) with its compatriot shipping company Sovcomflot.According to the Agreement, the Parties intend to create a shipping company, with the potential involvement of other JV participants.

Iran Releases Seven Stena Impero Mariners

The seized tanker Stena Impero / image credit: MarineTraffic.com / © Irwin Willemse

Iran has released seven of the 23 crew members of the British-flagged tanker Stena Impero that was seized earlier this summer, Sweden's foreign minister said on Wednesday.The Swedish-owned Stena Impero was detained by Iran's Revolutionary Guards on July 19 in the Strait of Hormuz waterway for alleged marine violations,

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