The Braden Model PD12C-CT constant-tension davit winch and control system has been developed to reduce the risks involved when launching and recovering small boats over the side of a ship. During a launching operation, slack cable is available
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.
On December 30, 2000, the tanker Castor was underway in the western Mediterranean Sea en route from Constanza, Romania to Lagos, Nigeria, carrying 29,470 tons of unleaded gasoline. During a fierce winter storm, the ship developed a 22-m long crack
A new hydrographic survey ship being built for the Canadian Government was floated out recently at Versatile Pacific Shipyards(VPSI) in Victoria, B.C., Canada. The state-of-the-art scientific vessel, constructed over 16 months at a cost of $17 million,
Every March, the cruise industry gathers in Miami, Fla. for the Sea Trade Cruise Shipping Convention - which usually sometime during March. Just in time to relieve the mid-winter blahs, this year's Convention will be held from March 3-6, 2003 at
The U.S. Coast Guard (USCG) announced that the Federal Communications Commission (FCC) is now requiring owners of 406 MHz Emergency Position Indicating Radio Beacons (EPIRBS) to register them with the National Oceanic and Atmospheric Administration (NOAA), effective September 13.