May
31

Maersk’s 8.4 Billion Bananas Add to Ship Profits

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The secret to making money in shipping containers can be found in 8.4 billion bananas.  That’s how much of the fruit A.P. Moeller-Maersk A/S (MAERSKB), the world’s biggest container line, moved last year. The company’s reliance on refrigerated boxes helped keep it profitable as the industry posted a second straight year of losses.  Moving perishable food in r...
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May
31

L.A. Port Extends Major Lease Agreement with Chinese Shippers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 Mayor Antonio Villaraigosa announced the signing of an agreement with Yang Ming, a marine transport company, to extend its lease at the Port of Los Angeles for an additional nine years. Yang Ming’s current lease at the West Basin Container Terminal ends in 2021; with this agreement, it extends to 2030 and represents additional port revenues of between $365 and $525 million, d...
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May
31

Hellas: Ship owners order 44% more vessels during Jan-April period, with fo

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Following the general trend noticed during this year in terms of newbuilding ordering activity -- or rather setting it -- Hellenic ship owners have pulled the trigger in 44% more orders during the first four months of the year, i.e. in the January-April period. The most remarkable is the 300% increase in container ship ordering by Hellenic-owned shipping companies, followed by a 67% boo...
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May
31

Canada: Fednav Increases Its Great Lakes Fleet

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Fednav Limited, the largest international maritime bulk carrier in Canada, yesterday announced the addition of six new vessels to its fleet. Ordered with Sumitomo Corporation and Oshima Shipyard, the environmentally advanced vessels will be built in Japan and will add substantial capacity to its Great Lakes-capable fleet of ships. A New Generation of Lakers As highly flexible vessels we...
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May
31

Maersk Supply Service Orders Large Stern Rollers from HATLAPA (Germany)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Danish shipping company Maersk Supply Service has ordered two large stern rollers from HATLAPA to be used in the two vessels built at the Chilean shipyard Asenav. The tugs will be built for worldwide use in the oil and gas industry. The first of two orders was delivered in early 2013, with the second to be completed by March 2014, explained Sales Engineer Marcus Wolter. With this or...
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May
31

ICS, IMO to Discuss Sustainability and Shipping in Arctic

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At a major Summit in Oslo on 5 June, the Board of the International Chamber of Shipping (ICS) is meeting with political leaders from major shipping nations and the Secretary General of the United Nations’ International Maritime Organization (IMO) to discuss sustainability and shipping in the Arctic. The objective is to create a dynamic arena for dialogue between policy makers and ...
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May
31

GCC told to take a realistic view of shipping industry

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A senior shipping, cargo and logistics specialist has advised the region's developers not to expand port capacities at this stage as the shipping industry is yet to recover from the global economic slowdown. He also urged governments in the Middle East, especially those in the GCC, to do a realistic assessment of their requirements in the shipping sector when new projects are concei...
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May
31

Tankship, Bulk Carrier Collide off Galveston

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
   US Coast Guard report a collision between deep a draft tankship and bulk ship 30 miles off Galveston. There has been no report of injury or pollution from either vessel; however, both vessels are reporting damage but are in stable condition. At approximately 5:50 a.m. watchstanders at Coast Guard Marine Safety Unit Texas City received a report of a collision betwe...
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May
31

Rolls-Royce: First Low Emission Environship Delivered

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rolls-Royce Plc has delivered the first of a revolutionary new design of cargo ship which will reduce CO2 emissions by up to 40 per cent, thanks to a combination of cutting edge marine technology, including a wave-piercing bow and an engine powered by liquefied natural gas (LNG). The first Rolls-Royce Environship, of NVC 401 LNG design, the Eidsvaag Pioner, has been delivered to Norwegi...
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May
31

Shipping Lines Honored for Green Leadership (USA)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Twenty shipping lines were honored today by the Port of Long Beach for efforts to improve air quality locally by slowing down or deploying cleaner vessels – or both – at the annual Green Flag and Green Ship awards. The Port’s Green Flag Program was created in 2005 and participation today is nearly universal. In 2012, almost 96 percent of all ships calling at Long Beach...
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May
31

Norbulk to Supervise Building of Two Crown 63 Design Bulkers in China

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Norbulk’s supervision team is awarded a further new building project. The Norbulk team will carry out the supervision of two Crown 63 design bulker units for a new owning client at China’s Sinopacific ship yard. Further to completion of the project, Norbulk will carry out the full technical management for the efficient bulkers. The Crown 63 is based on the design concep...
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May
31

Danish Initiative on Safety Underway in IMO

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Upon the initiative of Denmark, an IMO Sub-Committee developed guidelines that will result in enhanced safety and fewer accidents when transferring persons from one ship to another at sea. Due to a tragic accident during the transfer of a person in the roads of Copenhagen in 2010, Denmark drafted guidelines containing measures to be taken when transferring persons at sea. The measures t...
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May
31

Germany: CMA CGM ALEXANDER VON HUMBOLDT Christened

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
CMA CGM Alexander von Humboldt, the second unit of the world’s largest containership series, was christened yesterday in the Port of Hamburg, Maritime Connector writes. The twin sister of CMA CGM Marco Polo, built by DSME, started its first voyage series on April 19th from Pusan, South Korea. The vessel is 396 meters long, 54 meters wide, with a draft of 16 meters and ab...
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May
31

GasLog Announces Delivery of LNG Carrier ‘GasLog Sydney’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
GasLog Ltd. announced the delivery of the fully owned LNG carrier GasLog Sydney, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule. Immediately on delivery she commenced a medium-term charter to Methane Services Ltd. (BG Group). The vessel is a 155,000 cubic meter tri-fuel Diesel Electric LNG carrier that sets new standards for efficient performance...
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May
31

POLB 'Green Flag', 'Green Ship', Program Awards

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  The Port of Long Beach's Green Flag and Green Ship annual awards honored 20 shipping lines for efforts to improve air quality. Efforts to improve air quality locally were accomplished by slowing ships down or deploying cleaner vessels, or both. The Port’s Green Flag Program was created in 2005 and participation today is nearly universal. In 2012, almost 96 percent o...
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May
31

Norway: Workers Evacuated from Tilted Rig

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Sixty-three workers have been evacuated as the semisubmersible rig, Island Innovator, began taking on water earlier today. One worker has been slightly injured, local news portal Bergens Tidende reports. Apparently the incident occurred during work on the hull of the rig. The water was entering the pump room of the rig instead of going into the ballast tanks, which caused tilting of the...
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May
31

Navig8 Launches New LR2 Pool to Target Increased Mideast Trades

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Singapore tanker player is looking to exploit rising tonne-miles coming out of new refineries in the Middle East. Singapore based Navig8 has added to its growing scope of tanker pools by setting up a new long-range two (LR2) products tanker venture. Called the Alpha8 pool, five coated aframax tankers have already been committed, some directly by owners joining the pool and othe...
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May
31

Light Structures and GTT will join forces to deliver Sloshing Monitoring sy

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Light Structures, the leading producer of fiber-optic monitoring technology, has recently released its new Sloshing Monitoring system and announced today that it has entered a marketing agreement with GTT, the French technology and engineering company who is the market leader of LNG (Liquefied Natural Gas) membrane containment systems. In the coming years, Light Structures and GTT will ...
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May
31

Lloyd Werft Builds Next-Generation Offshore Vessel for CEONA

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Work has already started at Lloyd Werft Bremerhaven AG on the multi-functional offshore construction vessel and pipe-laying platform CEONA AMAZON for London-based shipping company CEONA. The 33,000gt newbuilding, 199.4m long, 32.2m wide and drawing 7.5m, will be part of a new generation of vessels in the CEONA fleet. The keel will be laid in August this year and she is due to enter...
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May
31

Rem Offshore Takes Over Newbuild PSV from Kleven (Norway)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Kleven and Rem Offshore have consolidated their strong relationship, with the completion, christening and handover of platform supply vessel Rem Fortune. The ship was christened at Kleven’s Ulsteinvik shipyard on 15th May by June Wågsholm Rooney and will enter a long-term contract with energy company ConocoPhillips. Kleven and Rem Offshore have a working relationship stretch...
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May
31

New Ship Efficiency Guide Released

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  Fathom, the information specialists on maritime eco-efficiency, officially released a fully revised, updated and extended second edition of key industry reference source, Ship Efficiency: The Guide, in response to evolving technology and efficiency solutions on the market.  In an economic climate in which owners and operators face increasing pressure to reduce fuel cost...
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May
31

Germany: FSG Launches Innovative Ice-Classed ConRo Ferry

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The 210 metre long ConRo ferry “Oceanex Connaigra” was launched to- day by Flensburger Schiffbau-Gesellschaft (FSG) for the Canadian shipping company Oceanex. The ship already sets new standards as far as innovation, flexibility and environment are concerned. She underscores, yet again, the excellent global reputation of Flensburg shipbuilders for setting benchmarks in inter...
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May
30

Washington State Ferries Explores LNG

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Washington State Ferries (WSF) is exploring an option to use liquefied natural gas (LNG) as a source of fuel for the Issaquah Class ferries. LNG is used worldwide and provides an opportunity to reduce fuel costs, and better the environment by decreasing emissions. Saving money, cleaner environment, energy independence Fuel is WSF's fastest growing operating expense; it burns more t...
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May
30

'Grandeur of the Seas' Fire Impacts on Share Price

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 Royal Caribbean Cruises Ltd. has quantified the financial impact of the recent fire on board their 'Grandeur of the Seas'. The cruise ship, Grandeur of the Seas,experienced a fire in an industrial area on the aft of the ship.  The company has taken the vessel out of service and expects that it will take approximately six weeks to complete the repair efforts. ...
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May
30

New LNG Bunker Fuel Technical & Safety NGO Formed

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Society For Gas as a Marine Fuel (SGMF) is launched as new Non-Governmental Organisation to enhance safety and best practices in the use of LNG as a ship fuel. Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO) at its spring meeting in Houston, the Society for Gas as a Marine Fuel (SGMF) is to be establ...
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May
30

Maersk Tankers Exits VLGC Segment

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group bought Maersk Tankers five owned vessels and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our strategy to focus on fewer segment...
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May
30

Transpacific rates beaten down by excess capacity and weak loads

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
An anemic US economy and way too much space dealt shippers all the best cards as they squared off with carriers in the annual staring contest to determine contract rates. Transpacific shipping lines will have had no assistance from trade statistics as their annual campaign to push up freight rates draws to a close. Asia-West Coast trade in the first quarter fell almost five percent over...
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May
30

SGMF to Be Established as New Non-Governmental Organisation (USA)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO) at its spring meeting in Houston on 16 May, the Society for Gas as a Marine Fuel (SGMF) is to be established as a new non-governmental organisation (NGO). “The use of LNG as a marine fuel presents a major challenge for the shipping industry over the ...
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May
30

Costamare Enters USD 500 Million JV to Expand Fleet of Container Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Costamare Inc. announced yesterday that it has entered into a joint venture Framework Deed with York Capital Management Global Advisors LLC, a New York-based investment advisor firm, to invest jointly up to approximately $500 million in equity for the acquisition of container vessels. Under the Agreement: Costamare Inc. will hold up to a 49% interest in the joint venture. It will have t...
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May
30

Maersk Tankers Sells its Entire VLGC Fleet

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Tankers exits Very Large Gas Carrier (VLGC) segment by selling its  fleet to the BW Group. The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments, which Maersk Tankers explains is part of its divestment strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our ...
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May
30

GAIL plans foray into LNG shipping

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
GAIL (India) Ltd said it targets to foray into liquefied natural gas (LNG) shipping business post 2017. In July, the public sector company plans to invite expressions of interest (EoI).  B.C. Tripathi, Chairman and Managing Director of India’s biggest natural gas distributor said that around seven-eight LNG carriers would be available with the company in the next three-four y...
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May
30

Craig Group Launches Its Latest PSV in Spain

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Family owned shipping firm, The Craig Group launched its latest Platform Supply Vessel (PSV), the Grampian Sceptre this week at the Balenciaga Shipyard in Northern Spain. The vessel was officially christened by Mrs Frances Murray, wife of Alistair Murray, Logistics Team Lead at Talisman Sinopec Energy UK Limited Craig Group committed £50M to the construction of this vessel, and it...
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May
30

Atlantic Hurricane season to bring turmoil in tanker markets

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Another Hurricane season is fast approaching with all predictions pointing towards grave weather conditions, possible even more serious than last year's events. According to the latest report from Mcquilling Services, "on May 23, NOAA that during the 2013 Hurricane Season, which begins on June 1 and ends on November 30, there is the possibility of:  •   &nbs...
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May
30

Amver car carrier saves 5

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 An Amver participating car carrier rescued 5 people from their overdue canoe as they transited from the Hall Island to Chuuk Island in the Pacific Ocean on Friday, May 24, 2013. US Coast Guard personnel at Sector Guam received a call from the University of Guam. The University relayed a radio transmission from the Hall Islands of an overdue 19 foot canoe with five people...
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May
30

ABB Secures USD 40 Million Worth Deal to Power Up Four LNG Carriers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
ABB, the leading power and automation technology group, has secured total orders worth close to US$40 million from three leading gas transportation industry players in the first quarter of 2013 to supply power and electric propulsion equipment for LNG vessels to be built in South Korea. ABB will supply its fuel-efficient and environmental friendly propulsion plant to work in combination...
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May
30

Annual Review of Shipping

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The International Chamber of Shipping (ICS) has published its latest Annual Review of maritime policy and regulatory developments, in advance of its Annual General Meeting, which is being hosted by the Norwegian Shipowners’ Association in Oslo from 5-7 June. The 2013 Annual Review, which covers the wide-ranging scope of ICS’s activities as the world’s principal internat...
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May
30

Marine use of LNG being examined

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A major project is being undertaken on the West Coast to determine the future of liquefied natural gas (LNG) as a marine fuel in Canada. The West Coast Marine LNG Supply Chain Project is described as a multi-stakeholder effort with the goal of understanding the “barriers to the use of liquefied natural gas as a marine fuel on the West Coast of Canada.” The $1.2 million proje...
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May
30

ABB Systems Onboard Three Ships Nominated for Energy Efficiency Award

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
ABB, the leading power and automation technology group, has systems onboard three out of the four ships shortlisted for Nor-Shipping’s prestigious Energy Efficiency Award. Nor-Shipping is a leading maritime event that takes place every second year in Oslo, Norway. The Energy Efficiency Award will be presented to the ship considered to have made the greatest contribution towards en...
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May
30

Scorpio Tankers Orders 16 New Vessels from Korea

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Scorpio Tankers Inc. announced today that it has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2, four MR, and four Handymax ice class-1A product tankers. In addition, the Company announced that syndication of the Company’s previously announced $267 million Credit Facility has been heavily over-subscribed resulting in an ...
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May
30

Craig Group Launches New PSV

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Grampian Sceptre (Photo: The Craig Group) Family owned shipping firm The Craig Group launched its latest Platform Supply Vessel (PSV), the Grampian Sceptre this week at the Balenciaga Shipyard in Northern Spain. The vessel was officially christened by Mrs. Frances Murray, wife of Alistair Murray, Logistics Team Lead at Talisman Sinopec Energy U.K. Ltd. Craig Group committed £5...
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May
30

John Denholm Takes Over BIMCO Presidency

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 The new president of BIMCO, John Denholm, has identified environmental pressures facing the shipping industry as some of its most significant current challenges as he embarks upon his two year term. Speaking in Paris, as he took over the presidency of the shipping organization from Yudhishthir Khatau, Mr. Denholm said, “environment, with the many diverse challenges it raises,...
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May
29

Ghana President, Technip CEO Discuss Booming O&G Market in Ghana

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
While on official visit to France, His Excellency John DramaneMahama, President of the Republic of Ghana, was welcomed yesterday by Thierry Pilenko, Chairman and Chief Executive of Technip, at the Group’s Headquarters in Paris. During this meeting, the Ghanaian delegation and Technip’s management discussed the booming development of the oil and gas market in Ghana, as w...
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May
29

Maersk Deliver Antarctica 'White Gold' to Europe

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Deep-freeze ice core container: Photo courtesy of Maersk Line The 'white gold' is in the form of deep ice cores taken for scientific research from the south polar region for delivery to a Belgian university. The sensitive shipment required global collaboration across several Maersk Line teams. ?Samples of ice, or ice cores, each slightly longer and wider than a baseball bat, a...
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May
29

Greek Shipowners Hit by Tax Changes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Greek shipowners must now pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offshore companies which have a branch in Greece, operating under Law 89 of the Greek constitution. Michael Kotsapas, a partner with the Moore Stephens shipping team, says, “This new requirement to pay tonnage tax, effective from 1 Ja...
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May
29

AdvanFort OSV Network Safely Floats Past Growing ‘Floating Armory’ Debate

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
As international controversy continues about the “wheres,” “whys” and “how much” of maritime piracy in key international shipping areas, an important debate now focuses on the use of “floating armories” in efforts to restore security on the high seas. In particular, private security companies relying on unregulated “floating armories...
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May
29

Maersk’s Gryphon FPSO Back on Track

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the next decade. The Gryphon FPSO, located 175 miles north east of Aberdeen, sustained damage ...
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May
29

INSIGHT - Nigerian pirate gangs extend reach off West Africa

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
ABIDJAN (Reuters) - As the afternoon sun glinted off the waters inIvory Coast's port of Abidjan, a team of gendarmes set out in a leaky wooden pirogue with no weapons and nothing more than mobile phones for communication. Their mission: to hold the front line against piracy in the world's new hotspot for maritime crime, the Gulf of Guinea off the coast of West Afri...
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May
29

Container Shipping Rates Still Plummeting

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012.   Xeneta's price comparison reveals that the average container freight rates from Asia to North-Europe continued to drop to $2,564 per 40ft container and $1,341 per 20ft. Xeneta's global market index for sea freight has seen a consistent...
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May
29

IMF cuts 2013 China growth to 7.75%

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The International Monetary Fund on Wednesday cut its growth forecast for China in 2013 to "around 7.75 percent", down from its earlier forecast of 8.0 percent, citing a sluggish global recovery which hurt exports. Restaurant staff carry food orders in the central business district in Beijing on May 28, 2013. The International Monetary Fund on Wednesday cut its growth forecast f...
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May
29

MAN Engines Power New Brazil-built Suezmax Tankship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
MAN Diesel & Turbo diesel engines power the tanker, the second PROMEF ship built by Estaleiro Atlantico Sul (EAS). Powered by an MAN B&W 6S70ME-C type prime mover and 3 × MAN 7L23/30H auxiliary engines, the delivery ceremony of the ‘Zumbi dos Palmares’ was attended by the President of Brazil – Dilma Rouseff, President of Petrobras – Maria das Gra&cce...
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May
29

German Maritime Related Companies in Growth Mode

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
German companies operating in the shipbuilding and ocean industries were largely able to defend their market position in the year under review. Despite intensified in international competition, they were able to seize opportunities in high-growth market sectors. German shipyards generated a total revenue of 5.1 billion EUR and were thus able to exceed last year’s performance by 10...
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May
29

Diana Shipping Inks Term Loan Facility to Finance New Ice Class Panamax Car

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Diana Shipping Inc., a shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has signed, through two separate wholly-owned subsidiaries, a term loan facility for up to US$30 million with The Export-Import Bank of China having a majority interest and DNB Bank ASA as agent. The purpose of this facility is to partly finance, after deliver...
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May
29

New Gas As Fuel NGO Launched

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO) at its spring meeting in Houston on 16 May, the Society for Gas as a Marine Fuel (SGMF) is to be established as a new non-governmental organisation (NGO).   “The use of LNG as a marine fuel presents a major challenge for the shipping industr...
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May
29

Navios Orders Two ECO DESIGN MR Tankers from Dae Sun Shipbuilding

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Dae Sun Shipbuilding & Engineering of Korea has inked a contract for a pair of 51,200 dwt ECO DESIGN MR chemical tankers with Greek owner Navios for delivery in the second half of 2014. Amid shipowners’ growing pressure on operations due to oil price spikes, Dae Sun developed high efficiency vessels which could reduce production costs. Dae Sun had won an order for construction...
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May
29

China National Shiprecycling Association: Squeezed margins

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Beijing: Ship recycling is a counter-cyclical industry if ever there was one, praying on others misfortunes, betting on indices to remain low. Nevertheless, even bad times for shipowners do not necessarily translate into boom times for scrappers in what is a highly cut-throat business. Spare a thought in particular for the Chinese whose greener method of dry docking ancient ships costs ...
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May
29

Tanzania: Somali Piracy Costs African States Over U.S. $6 Billion in Revenu

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
MORE than 6 billion USD has been lost in the past ten years in Eastern and Southern African countries due to Somali piracy, which has caused the country’s economic retrogression since its instability. Deputy Permanent Secretary in Ministry of Transport, Mr John Mngodo, said during the opening of a three-day seminar in Dar es Salaam organised by the Surface and Marine Transport Regu...
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May
29

ISS Provides Support Logistics for Jan de Nul’s Megaproject in Australia

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has been selected to provide support logistics to the Jan De Nul Group for an offshore energy megaproject in Australia. The Belgium-based Jan De Nul Group specialises in dredging operations around the world and has appointed ISS Australia as its agent for the importation of 15 vessels into North West...
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May
29

BW takes ten VLGCs from Maersk Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Singapore: BW Group has announced the purchase of five vessels from Maersk Tankers and the takeover of five additional vessels on time charter as Maersk Tankers exits from the VLGC segment.  Andreas Sohmen-Pao, BW Group ceo said: “Maersk Tankers has a fleet of high quality vessels and BW is pleased to be acquiring this fleet.” Maersk Tankers has been reducing its fle...
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May
29

Moore Stephens Says Greek Tax Changes Will Affect Shipping Companies

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
International accountant and shipping adviser Moore Stephens said that changes recently approved by the Greek parliament to the country’s tax laws will impact companies engaged in the shipping industry. There is a new requirement for Greek shipowners to pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offsh...
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May
28

Shipbuilding and marine engineering – supporting modern apprenticeships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Archie Smith, Chairman of the Worshipful Company of Shipwrights Training and Education Committee, looks to the future. Photo: Nick Bailey/Pendennis The Worshipful Company of Shipwrights is a City Livery Company, and the earliest written references to its existence date from the thirteenth century. In 1782 the Company petitioned for and obtained the livery, becoming the 59th Livery ...
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May
28

LNG Ship Glut Seen by Hoegh as 2014 Fleet Tops Output

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The liquefied natural gas market may have a surplus of ships in 2014 and 2015 as new vessels join the fleet faster than production plants are completed, according to Hoegh LNG AS, owner of seven carriers. There are 78 ships on order, amounting to 21 percent of the existing fleet, the Hamilton, Bermuda-based Hoegh said in its quarterly report today. While annual world output of the fuel, ...
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May
28

Great Potential for Further Development at Port of Bar, Montenegro

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A team of editors of World Maritime News portal has paid a visit to one of the major ports of the Adriatic coast, the Port of Bar in Montenegro. Over the past five years, the port management was divided into two operators, Luka Bar AD and AD Container Terminal. Luka Bar AD rated this year’s business operation as less successful than that recorded last year. The management believes...
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May
28

Golden Ocean Acquires Two Ice-Class Panamax Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Golden Ocean Group Limited announced that the Company has entered into an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company. Golden Ocean will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of 2013. In connection with the purchase the seller has provided ...
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May
28

CSS ‘Olympia’ Launched at Liya Pingtan Shipyard (China)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
STX Marine (STXM) reported the launching of MAC Offshore’s Compact Semi-Submersible (CSS), CSS “Olympia”. The launch took place on the 28th March, 2013 at the Liya Pingtan Shipyard, in Fujian Province, China, a yard managed by Fujian Mawei Shipbuilding. The delivery of the vessel is due in Nov 2013 to CSS Olympia’s new owner Graal Invest of Brazil. “We woul...
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May
28

PlanetSolar Betters its Own Transatlantic Record

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Press Release Monday, May 27, 2013 Arrival MS Tûranor PlanetSolar: Photo courtesy of PlanetSolar The solar-powered vessel has recently sailed the 2,867 miles from Las Palmas to St. Martin, French WI, at an average 5.3 knots to break the earlier record. During the trip around the world (2010-2012), the MS Tûranor PlanetSolar sailed for 26 days from one side of th...
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May
28

New Marina boss

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Manila: Transportation and Communications Secretary Joseph Emilio Abaya has announced that maritime law expert Maximo Mejia has been appointed as the new administrator of the Maritime and Industry Authority (Marina). "I have tasked Professor Mejia to bring Marina up to par with international standards in all aspects of the Philippine maritime sector. His credentials and mastery of ...
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May
28

Grandeur of the Seas catches fire

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Fire aboard a Royal Caribbean cruise ship forced it to dock at Freeport, Bahamas, on Monday, with all passengers and crew safe but the rest of the trip canceled, the cruise company reported. Grandeur of the Seas, operated by Royal Caribbean Cruises Ltd, was on a seven-night trip that left Baltimore on Friday. The 916-foot-long (280-metre) ship was en route to CocoCay, Bahamas, when a fir...
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May
28

IMO Resolutions on Ballast Water Management and Climate Finalised

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Two IMO resolutions on ballast water management and climate were finalised at the meeting, where the NOx requirements were also considered. Agreement was reached about a solution to when the Ballast Water Management Convention can enter into force. Furthermore, as regards the climate issue, the Committee succeeded in agreeing on a resolution on technical assistance and technology transf...
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May
28

Japan: MHI to Establish LNG Project Management Department

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Effective June 1, Mitsubishi Heavy Industries, Ltd. (MHI) will establish LNG Project Management Department, within the Environmental & Chemical Plant Project Management Division of the Company’s Engineering Headquarters. The new department will be dedicated to market exploration of LNG (liquefied natural gas) related business opportunities. By establishing the new unit, MHI ai...
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May
28

Pirates Free Crew Kidnapped from Ship Off Equatorial Guine

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Four crew members kidnapped from a container ship off the West African nation of Equatorial Guinea in April have been released, the vessel's management company said. Piracy in the Gulf of Guinea region, which includes Africa's biggest oil producer Nigeria, is pushing up costs for shipping firms operating there. Many experts believe the region's pirate gangs grew out of insu...
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May
28

FutureShip Sets Up ECO Research Centre in Singapore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
FutureShip, Germanischer Lloyd’s (GL) maritime engineering and consultancy subsidiary, has announced the unveiling of its ECO Research Centre in Singapore. The Centre, which aims to conduct research to strengthen FutureShip’s energy efficiency solutions for its Asian clients, will be supported by the Maritime and Port Authority of Singapore (MPA) under its Maritime Cluster F...
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May
28

New Kamsarmax Bulk Carrier for SCI (India)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Shipping Corporation of India Ltd. (SCI) accepted delivery of second vessel of the four Kamsarmax bulk carriers built by Jiangsu Eastern Heavy Industries Co. Ltd., China on 20th May. Orders for these vessels were placed in September 2010. The first vessel m.v. “Vishva Jyoti” was delivered on 18th December 2012. SCI had been predominantly operating smaller sized Handymax ...
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May
28

Four days into the new job and Christensen signs for tanker duo

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Singapore: Wasting no time since his appointment as ceo, Lars Vang Christensen has put pen to paper for a pair of 5,000 cu m LPG carriers to be built at Sasaki Shipyard in Japan. The head of Epic Pantheon International Gas Shipping (Epic) said: “"We are pleased to have contracted with Sasaki Shipyard, who also built two of our existing ships of the same size. The expansion of...
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May
28

BATTLE OF THE ATLANTIC REMEMBERED, 70 YEARS ON

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Crowds of visitors packed the city of Liverpool at the weekend to commemorate the 70th anniversary of the Battle of the Atlantic. Tens of thousands of people enjoyed events in the maritime city, including battles on the River Mersey, flypasts, field gun displays and public open days on warships. The Battle of the Atlantic was the longest continuous campaign of the Second World War in ...
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May
28

India: MSPL Adds Fourth Post-Panamax Bulk Carrier to Its Fleet

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
MSPL Diamond Private Ltd (a wholly owned subsidiary of MSPL Limited), received its fourth state-of-the art ship, MV Indus Victory and has been placed into active service immediately. This is a part of four Post-Panamax bulk carrier vessels series having capacity of 92,500 MT. While the first, second vessels were delivered in April and July 2011 respectively, the third in November 2012 a...
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May
28

BIMCO: Changing of the guard

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Copenhagen: There’s just five months to go before Torben Skaanild relinquishes his time in one of the most well known roles in shipping. Remarkably, the 63-year-old’s time with the leading shipowning association BIMCO stretches back 32 years, albeit with considerable stints away in between. Now as the secretary general and ceo of the world’s largest shipowner gatherin...
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May
27

Greek newbuilding orders rise 46% in April

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Greek newbuilding orders rise 46% in April  Greek shipping players seem to follow the aggressive newbuilding appetite of foreign investors with 19 new orders in April, surpassing the newbuilding levels of Chinese players with 15 new orders, Golden Destiny reports. Greek newbuilding business in April shows a 46% increase from April 2012 levels with 75% higher volume of new orders for...
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May
27

PortMiami Announces New Arrival of Maersk Line’s Transpacific 7 Service

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Line, the global containerized division of the A.P. Moller – Maersk Group, and the leading container shipping company in the world added PortMiami to its Transpacific 7 (TP7) Service. The first call for the TP7 Service started today at PortMiami with the arrival of the Maersk Kristina, a 6,700 TEU (twenty foot equivalent unit) cargo vessel. The service’s line up will ...
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May
27

Lack of Due Process Breeds Fear of Criminalisation Among Seafarers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Seafarers’ suggestions on how to improve their situation when facing criminal charges were presented at the landmark 100th session of the Legal Committee of the International Maritime Organization (IMO) which met in London on 15 – 19 April, 2013. The suggestions, which emanated from a comprehensive eight language survey conducted by Seafarers’ Rights International (SRI)...
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May
27

Serious Economic Challenges

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world’s transport ministers from more than 50 countries (22-24 May), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS), the principal global trade association for shipowners. ICS explained the realities of the very serious economic chall...
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May
27

No Somali pirate hijacking in nearly a year, says UN

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A Somali pirate near a hijacked Taiwanese vessel: there has not been a successful hijacking since May 2012, says the UN. Photograph: Farah Abdi Warsameh/AP The fight against Somali pirates has been so effective that they have not been able to mount a successful hijacking in nearly a year, the chair of the global group trying to combat the pirates has said. American diplomat Donna Leigh ...
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May
27

Hamburg Süd Christens Two Container Ships at HHI Yard (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On Thursday, 23 May 2013, Hamburg Süd celebrated the double christening of its container ships “Cap San Nicolas” and “Cap San Marco” at the Hyundai Heavy Industries yard in Ulsan (South Korea). With a nominal slot capacity of 9,600 TEU, the two newbuildings are Hamburg Süd’s largest-ever vessels and, with 2,100 reefer plugs, the ships with the lar...
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May
27

Lloyd's Register approves HMS LNG carrier training facility in Busan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
LNG carrier training courses to SIGTTO Training Standards Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd. (HMS), a subsidiary of Hyundai Merchant M...
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May
27

LEADING THE WORLD WITH SAFE , RELIABLE TRANSPORT SERVICE

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
LNG carrier LNG Pioneer Safe, stable transport to meet increasing demand for clean energy Demand for liquefied natural gas (LNG) is growing all over the world as an environment-friendly clean energy. MOL first participated in an LNG transport project in 1983. Ten years later, as a representative of a Japanese consortium, we played a key role in the conclusion of the largest LNG tr...
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