Jun
25

Denmark: Port of Esbjerg’s New Østhavn Opened

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Port of Esbjerg’s new Østhavn (“East Harbour”) opened on Friday, 21 June. This 650,000 square metre expansion of the harbour will consolidate Esbjerg’s position as the leading North Sea port for the wind turbine industry and increase its potential to develop and grow other business areas. The opening ceremony was attended by the Danish Minister for Tra...
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Jun
25

InterManager Puts Seafarers at the Heart of Its Activities

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
As the annual Day Of The Seafarer dawns (June 25), InterManager, whose members manage more than 250,000 of the world’s seafarers, has reaffirmed its commitment to crewmembers with a comprehensive package of activities aimed at addressing crew-related issues. The Association, whose members are involved in the management of a third of the world fleet, is working with industry partne...
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Jun
25

The Netherlands: iPS and Seacontractors Conclude Strategic Partnership

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Today the shareholders of iPS and Seacontractors announced that they have concluded a strategic partnership and are implementing integration between their manpower services. It includes the combined recruiting, crewing, contracting and payrolling of maritime and offshore personnel world-wide. By combining the manpower services a reinforced business model is created, which paves the next...
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Jun
25

China: COSL Orders 15 Offshore Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On June 19, 2013, China Oilfield Services Limited (COSL) signed agreements for the construction of 15 vessels. The 15 vessels, including one output enhancement vessel, four 6,000HP platform supply vessels (PSVs), two 9,000HP PSVs, two 8,000HP anchor handling tug supply vessels (AHTS vessels), four 12,000HP AHTS vessels and two 15,000HP AHTS vessels, will be constructed by five shipyards...
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Jun
25

Russia: GTT and FESRC Sign Design Agreement for LNG Carriers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At the occasion of the International economic forum of St Petersburg, GTT and FESRC have signed an agreement for the design and construction of LNG carriers in the Russian federation on June 21st 2013. This agreement is particularly aiming at developing the construction of LNG carriers in the far eastern region of the Russian federation, in Zvezda, a shipyard located near Vladivostok. T...
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Jun
25

Euronav Announces Extension of 4 Years on Its USD 300 Million Facility

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The executive committee of Euronav NV yesterday announced that it has signed an extension of 4 years on its USD 300 million senior secured credit facility originally signed in April 2009 and which at the time of the extension had an outstanding of USD 221 million.  The facility will continue to finance 6 vessels: the VLCCs Olympia (2008 – 315,981) and Antarctica (2009 –...
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Jun
25

Capesize market to remain bullish says analyst

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels for ship owners. Yesterday, the BDI rose by an additional 35 points to 1,062, with Capesizes once again stealing the show, as the Baltic Capesize Index rose by 90 points to reach 1,912 points. According to the latest weekly report from Comm...
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Jun
25

Maersk, MSC and CMA CGM to join forces bears many promises for the containe

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk’s, MSC’s and CMA CGM’s intention to provide jointly run schedules in the Asia/Europe, transpacific and transatlantic tradelanes promises much for the container industry. The P3 east-west service network initiative to be implemented by Maersk, CMA CGM and MSC in 2Q 2014 must be considered a positive development for the liner industry since it will help reduce car...
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Jun
25

Tugboats Arrive at MOL Comfort’s Incident Site

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
One patrol boat and three tugboats arrived yesterday at the site where the containership MOL Comfort broke apart on June 17 during heavy weather while sailing to Jeddah, Saudi Arabia. A total of five boats, including one more boat which is expected to arrive tomorrow, will prepare for the rescue. According to MOL’s update on the incident the fore and aft parts are still drifting i...
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Jun
25

Steel Cutting Ceremony for PETRONAS’ First FLNG (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A steel cutting ceremony for the hull of PETRONAS’ first Floating Liquefied Natural Gas (FLNG) facility was held yesterday at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The steel cutting event signifies a major milestone for the project, the world’s first, to proceed to its construction phase to meet its commissioning schedule in 2...
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Jun
25

Argentina to Get LNG Spot Cargo From Trinidad at Bahia Blanca

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Argentina, which has no long-term contracts to import liquefied natural gas, is scheduled to receive a cargo from Trinidad & Tobago, according to ship-tracking data.  The Methane Spirit, with a capacity of about 163,000 cubic meters, will arrive today at the port of Bahia Blanca southwest of Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. Th...
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Jun
25

Korean Yard to Build Fourth Atwood Ultra-deepwater Drillship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Atwood Deepwater Drillship: Photo courtesy of Atwood Oceanics An Atwood Oceanics subsidiary has entered into a turnkey construction contract with Daewoo Shipbuilding & Marine Engineering to construct a fourth ultra-deepwater drillship, to be named 'Atwood Archer'. The Atwood Archer is expected to be delivered by December31, 2015 at a total cost, including two blo...
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Jun
25

Nigeria's LNG exports delayed for fourth day over tax disputes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Exports of Liquefied Natural Gas (LNG) from Nigeria's six train Bonny LNG plant located in the Niger Delta were delayed for the fourth day running after the state-run maritime security agency blocked ships from accessing the Bonny terminal over disputes on freight levies, Nigeria LNG Ltd. said Monday. The Nigerian Maritime Administration and Safety Agency (NIMASA) has barred ships f...
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Jun
25

UAE: ADPC Celebrates International Day of Seafarer

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On 25 June 2013, individuals, organisations and governments around the world will be recognising seafarers – the unsung heroes of the sea who make global trade possible. Abu Dhabi Ports Company (ADPC), the master developer of ports and industrial zones, will be taking the opportunity to recognize and thank the seafarers – on all types and sizes of ships – coming into i...
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Jun
25

Swire Shipping Wins Top Liner Carrier Award 2013 at Seatrade Asia

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Swire Shipping, the liner trade division of The China Navigation Company (CNCo), was presented with the prestigious “Liner Owner/Operator Award 2013” award at the annual Seatrade Asia awards ceremony in Hong Kong on 21 June  2013. These annual awards recognise achievements in the Asian shipping industry. This award was judged based on innovative customer service deliver...
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Jun
25

USA: GD NASSCO Takes Part in Construction of MLP 3 and 4

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
General Dynamics National Steel and Shipbuilding Co., San Diego, Calif., was awarded an $11,200,000 modification on a not-to-exceed basis to previously awarded contract (N00024-09-C-2229) to accomplish the detail design of Afloat Forward Staging Base (AFSB) modifications for the Mobile Landing Platform (MLP) program to support the construction of MLP 3 and MLP 4 which will be AFSB varia...
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Jun
25

Damen Introduces Arctic Modular Towing Supply Vessel Concept (GALLERY)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Last February, five Maritime Engineering bachelor students of the Delft University of Technology (the Netherlands) finished their Minor on Arctic Engineering. In cooperation with Damen Shipyards Group and other partners this project has now resulted, amongst others, in a new Arctic vessel: the Damen AMTSV (Arctic Modular Towing Supply Vessel). The 100 m double acting supply ship is capa...
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Jun
25

Diesel-Electric Units Prepared for Navy’s AGOR Project

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
During most of 2012 Cummins Northwest was busy with the procurement of the various subsystems and assembly of the diesel-electric units for the two Ocean Class Auxiliary General Purpose Oceanographic Research (AGOR) vessels building at Dakota Creek Shipyards. The company delivered the first four-unit ship set in January of this year. Seattle-based Guido Perla & Associates, Inc. h...
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Jun
24

Skipsteknisk to Design Four Vessels for COSL

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Skipsteknisk was recently awarded the design contracts for 4 newbuildings by China Oilfield Services Limited (COSL), and consider these contracts as a breakthrough in the Chinese Offshore market. Skipsteknisk started to work on the Chinese market in 2007 and signed the first contract for design of a large seismic research vessel of ST-327L design with COSL in 2008. The ship was built at...
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Jun
24

NOCC: Possible Collision with Fishing Vessel Off Japan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Efforts are under way to establish whether a NOCC vessel was involved in an accident off Japan that occurred on 23 June 2013, involving a Japanese fishing vessel, Norwegian Car Carriers (NOCC) said in a statement. NOCC has been informed by the Japanese Coast Guard that, on 23 June 10:15 hours (LT), the Japanese flagged fishing vessel “Yujin Maru no. 7″ was hit by another ves...
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Jun
24

Trelleborg Provides Fender Systems for LNG Projects on Curtis Island, Austr

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Trelleborg Marine Systems has been awarded three contracts to supply fender systems to all three liquefied natural gas (LNG) projects on Queensland’s Curtis Island, Australia. Having already been awarded the contracts to supply docking and mooring equipment and monitoring software earlier in the year, Trelleborg has now been chosen to supply the Queensland Curtis LNG, Gladstone LN...
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Jun
24

What's The Limit For Flexible Friends?

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Back in the 1980s, one of the first major UK credit cards used the slogan Your Flexible Friend to attract customers. In today's difficult shipping markets flexibility certainly comes in handy, particularly in the containership sector. Flexible Help: Boxship contracting in recent years has been dominated by very large ships. 73% of capacity contracted since start 2009 has been for un...
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Jun
24

Hellas: Ship owners order 153% more vessels during May compared to previous

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Hellas-based ship owners have been ordering newbuilding vessels with an ever so increasing appetite, as evidenced by the 153% monthly increase during May, as opposed to the previous month, which also was a rather active one. According to data compiled by shipbroker Golden Destiny, May of 2013 saw the highest contracting pace by Hellenic ship owners since the beginning of 2009.  Thi...
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Jun
24

Rolls-Royce Deliver Naval USV & RHIB Launch/Recovery Systems

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Example of RHIB: Photo credit Wiki CCL Rolls-Royce has recently delivered 2 launch & recovery systems for unmanned surface vehicles (USV) & manned Rigid Hull Inflatable Boats (RHIBs) to an international navy. These systems have been retrofitted aboard frigates and utilize a custom articulating davit with a telescopic boom. Jeff Langsner, Managing Director – Rolls-Royce ...
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Jun
21

Mingde Heavy Launches Biggest Asian Built Chemical Tanker

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Mingde Heavy Industry has launched the biggest stainless steel chemical tanker ever built in Asia. The length of this vessel is 183m, with 28.4m width, 15.2m depth and 10m draft, powered by single propeller, low speed diesel engine for unrestricted navigation, with dead weight of 30,000T. The cargo area is divided into 28 cargo tanks. All cargo tanks are stainless steel. Each cargo tank...
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Jun
21

Seadrill Places Order for Two Jack-Up Rigs

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during the fourth quarter of 2015 and the first quarter of 2016, and the total project price per rig is approximately US$230 million (including projec...
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Jun
21

Panama Canal Reinforces Tug Fleet for Expansion

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Photo Courtesy of the Panama Canal The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks.  “These new t...
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Jun
21

Update: Damaged MOL Containership

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Photo: PTI Mitsui O.S.K. Lines, Ltd. (MOL) released a statement updating the status of the containership MOL Comfort as of 11 p.m. JST on June 19, 2013. The vessel could not continue sailing under its own power from June 17 because the hull fractured in two parts while under way on the Indian Ocean, the company said. Mol Comfort', the 316-m-long vessel was carrying 4,500 containe...
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Jun
21

Hellas: Ship owners to double their tax contribution for the next three yea

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Greek Hellenic Cooperation Committee, a union which represents more than 120 Hellenic-owned, but London-based ship owners, throwed its support behind the latest round of shipping's contribution, in an effort to boost Hellas' ailing finances. In the Committee's general assembly, held yesterday in London, Mr. Haralambos Fafalios said that the Committee supports a new volun...
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Jun
21

Conference "European Maritime Week 2013" declares Hellenic shipping industr

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On the occasion of the celebration of pan-European Maritime Day, as it was established from the European Commission in 2008 and took place this year in the capital of Malta, Valetta, the Jean Monnet Centre of Excellence of the University of Piraeus organized, under the auspices of European Parliament Office in Greece and the Representation of European Commission in Greece, the conferenc...
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Jun
21

ReCAAP issues report for May 2013

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The ReCAAP ISC has issued its monthly report on piracy for May 2013. According to the report, four incidents of robbery against ships reported and no piracy incident during this month. Compared to the same month of 2012 (eight incidents), the number of incidents reported in May 2013 had decreased by 50%. The number of incidents reported in May 2013 is the lowest compared to the same per...
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Jun
21

Marine Capital Orders Four ‘Crown 63’ Bulkers from Sinopacific

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Sinopacific Shipbuilding Group and Marine Capital Ltd (MCL) announced their agreement for the construction of 4 ‘Crown 63’ bulkers to be built at Yangzhou Dayang Shipyard, China. The deal, which is worth over $100m, marks another significant step for MCL in its management activity. It is understood the bulkers, a new model of super fuel-efficient ships with the added advanta...
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Jun
21

Russia: Sovcomflot, NOVATEK and VEB to Cooperate in Yamal LNG Project

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At the Saint-Petersburg International Economic Forum, Sovcomflot – Russia’s largest shipping company, OAO Novatek – the leading independent natural gas producer, and the state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) signed a memorandum on cooperation as part of the Yamal LNG project, providing for the construction o...
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Jun
21

Boskalis Signs Contract for Construction of Bronka Port (Russia)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Royal Boskalis Westminster N.V. (Boskalis) announces the contract award for the construction of the Bronka Port in St Petersburg. The contract was signed at the St Petersburg International Economic Forum in attendance of the Russian Deputy Prime Minister Mr. Arkady Dvorkovich and the Prime Minister of the Netherlands Mr. Mark Rutte. The project involves the reclamation of land for the c...
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Jun
21

Oil Tankers Extend Losses for Fourth Session on Fewer Charters

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates for the largest oil tankers hauling Middle East crude to Asia fell for a fourth session as demand from charterers to hire ships slowed. Charter costs for very large crude carriers transporting 2 million barrels of cargo on the benchmark journey to Japan from Saudi Arabia slid 0.4 percent to 41 industry-standard Worldscale points, according to the Baltic Exchange, the London-based ...
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Jun
21

Tanker rates to remain depressed, negative outlook ahead

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In a highly commoditized industry, such as oil shipping (tankers), supply and demand balance is a key driver of shipping rates, which affects revenue, margins, earnings and share prices. When demand grows more than supply does, shipping rates will rise, which benefits tanker companies. On the other hand, when demand grows less than supply, shipping rates will fall. Depressed tanker rate...
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Jun
21

Iron Ore Ship Rally Seen Slowing Awaiting China Steel Rebound

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The biggest rally in rates to ship iron ore since October slowed amid speculation Chinese steel prices need to rebound for the surge to continue. Daily earnings for Capesizes hauling about 160,000 metric tons rose 3.9 percent to $10,705, according to the Baltic Exchange, the London-based publisher of shipping costs. While that was the 11th consecutive gain, the longest since July, it wa...
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Jun
21

FOCAL Design Diesel Electric PSV Delivered to Icon Offshore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
TANJUNG PIAI 1, the first Malaysia built diesel electric PSV with design from Focal Marine & Offshore, was successfully delivered by Muhibbah Marine Engineering on 19 Jun 2013 to owner Icon Offshore. The PSV will go straight for 1+1 year contract in offshore Malaysia. The vessel was built in 20 months. During this period, Focal’s design team worked closely and efficiently with...
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Jun
21

Norwegian Car Carriers Enters Time Charter Contract for ‘NOCC Oceanic’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Norwegian Car Carriers ASA has entered into a new time charter contract for “NOCC Oceanic”, a 6,450 CEU car carrier built in 2012. The new time charter contract has been entered into for a period of about five years with commencement upon expiration of the existing charter in September 2013. The charter contract is estimated to generate an EBITDA of about NOK 45 million duri...
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Jun
21

UPDATE 3: Salvage Operation Planned for MOL Comfort

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Mitsui O.S.K. Lines, Ltd. announced in the official statement that the company has contracted a salvage company to recover the two MOL Comfort’s hull parts, after the containerships’ hull was split into two on June 17 during heavy weather while the vessel was en route to Jeddah, Saudi Arabia. The company did not reveal the name of the salvage company. Currently, according to...
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Jun
21

DVN Software Advances 3D Simulation Technology for Marine Operations

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Marine operations – such as transportation, installation and lifting of fixed and floating structures and subsea equipment – are becoming increasingly challenging as operators move to harsher climates and deeper waters. DNV Software is now launching Sesam Marine, a groundbreaking software solution that keeps pace with the increasing complexity of marine operations with 3D si...
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Jun
21

Roll-out of First MAN TCR12 Turbocharger Assembled in China

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
TCR12 Turbocharger Unveiled: Photo credit MAN MAN Turbocharger China unveils the first TCR12 turbocharger completely assembled at its Changzhou factory.  This new development confirms MAN Diesel & Turbo’s strategy of localising its turbocharger production in China.? Over the last two decades, the level of shipbuilding activity in China has increased dramatically, result...
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Jun
21

Port of Zeebrugge and Forth Ports Sign MoU on Strategic Partnership

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Forth Ports Limited and Port of Zeebrugge / MBZ have recently (18 June 2013) signed a Memorandum of Understanding (MoU) which marks the start of a strategic agreement between the Port companies with the aim of the exploring mutual opportunities to attract new container cargo volumes. Both ports have complementary assets both in current trade arrangements and geographical positioning and...
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Jun
21

Maersk Drilling Hires DNV for Software Quality Assurance

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Drilling and DNV have entered into a contract to quality assure the software for Maersk’s new CJ70 jack-up units to be delivered by Keppel in Singapore. DNV will carry out software-version control audits of key equipment, with a focus on software integrity, on the CJ70 jack-ups built at Keppel in Singapore during the commissioning of the units. The work is starting now and ...
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Jun
21

German shipping companies expect industry shakedown

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Surging overcapacity amid weaker global trade is raising the fears among German shipping operators of a big market consolidation, a survey has found. The German captains of the industry seek a lifeline in new alliances. About half of all German shipping companies are seeking to form alliances with competitors, while some 40 percent are already working together with their rivals on speci...
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Jun
21

China Force-Feeding Ships Seen by Billionaire Ross Curbing Rates

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Chinese shipbuilders will prolong a glut of container ships and dry-bulk carriers because low freight rates help the country’s development, according to billionaire Wilbur Ross. Chinese companies control about 20 percent of the world’s container ships delivering manufactured goods and build 40 percent of new vessels, the founder of WL Ross & Co. said in an interview on B...
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Jun
21

‘Blue Guardian’ to Support Maersk Giant Rig in North Sea

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
ULSTEIN’s yno 298, ‘Blue Guardian’, a platform supply vessel of the ULSTEIN PX121 design, has been contracted to support the jack-up rig Maersk Giant in its work on two subsea wells on the Norwegian continental shelf in the North Sea. The contracts with Det Norske Oljeselskap ASA and Repsol Exploration, respectively, have an estimated total duration of four months. &ls...
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Jun
21

Dorian/Seacor Vessels to Get Enhanced Reliquefaction Systems

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Dorian/Seacor‘s liquefied petroleum gas (LPG) carriers are to benefit from the latest reliquefaction plant development from Babcock’s LGE Process, following a contract signed last month (May) for the innovative vent gas cooler enhancement to be fitted on two new very large gas carriers (VLGCs) being built for Dorian/Seacor in South Korea, with an option for a possible furthe...
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Jun
21

Diana Shipping Announces Signing & Drawdown of Term Loan Facility

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Diana Shipping Inc., a global 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$18 million with Deutsche Bank Aktiengesellschaft Filiale Deutschlandgeschäft. The company also completed the drawdown of US$18 million in order to partial...
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Jun
21

Norway opens Barents Sea area to offshore oil drilling in new move into Arc

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Norway's Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region. Most of the Norwegian sector of the Barents Sea, which the Nordic country shares with Russia, is already open to petroleum activities. But environmentalists and some opposition lawmakers...
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Jun
20

FSRU Toscana Sails Away From Drydocks World

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drydocks World said that Floating Storage Re-gasification Unit (FSRU) Toscana sailed away from Drydocks World – Dubai.  The unit, formerly the 138,830-cbm LNG carrier Golar Frost, has been under conversion since June 2009 at Drydocks world Dubai yard for contractor Saipem and owner OLT.  The LNG Carrier, built by Hyundai Heavy Industries was converted into a floating...
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Jun
20

Seeking an Investable Container Shipping Stock These Days ...

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Asian container liner finances are put under the microscope in a recent Drewry Maritime Equity Research report. It is a challenge to find an investable container shipping stock in the current environment. Most companies have seen their cash balances wither and total industry debt has more than doubled in the past five years to USD 100-bn. Drewry?s analysis of the financial health of the...
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Jun
20

Africa emerges as a positive factor for the shipping industry, across all s

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The potential had always been there, but so far, the African continent had failed to materialize all those positive prospects surrounding its ability to rise as a new global economic power. The latest trends though, especially when it comes to sourcing and exporting its vast commodities' resources, have favored this transition, thus providing a positive boost for the global shipping...
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Jun
20

Conti Reederei Orders Eight Eco-Bulkers from China

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
German ship-owner Conti Reederei has placed an order for up to eight 63,800dwt eco-bulkers  with Nantong based Jiangsu Hantong Ship Heavy Industry, SinoShip news portal reports. The newbuildings will feature eco-friendly Dolphin 64 design, developed  by Shanghai Merchant Ship Design Institute (Sdari) in collaboration with Wärtsilä and Det Norske Veritas (DNV). Dolphi...
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Jun
20

Short term strength for VLCCs

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drewry’s latest Tanker Insight reports that freight rates in most vessel categories remained on the softer side during the month due to weakness in chartering activity in the major loading regions barring Arabian Gulf. The same was reflected in the Drewry Tanker Earnings Index that declined 31% during the month to 31.2. Despite this, the overall spot chartering activity in the dir...
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Jun
20

Watchkeeper: An eye on future regulations

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
There was an unusual event at the IMO last week, where, ahead of the Maritime Safety Committee meeting, a two day symposium on the “Future of Ship Safety” was held before a large number of invited guests. Many of these were, of course regulators but who, instead of listening to other regulators, were able to hear the views of a large number of well-informed speakers from ind...
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Jun
20

Europe-U.S. Gasoline Cargoes Seen Falling in Shipbroker Survey

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The number of gasoline cargoes booked for shipment to the U.S. from Europe will decline over the next two weeks, a Bloomberg News survey showed.  Traders will charter a total of 17 Medium Range tankers for loading to July 2, the median in a survey yesterday and today of six shipbrokers and traders showed. That compares with 21 vessels, each normally carrying 37,000 metric tons of t...
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Jun
20

Ore Ships Extend Gains as Traders Bet on Price Rebound

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates to ship iron ore rallied for a 10th day amid speculation traders are betting prices for the commodity used to make steel will rebound as Chinese mills replenish stockpiles. Daily earnings for Capesizes hauling about 160,000 metric tons rose 10 percent to $10,306, according to the Baltic Exchange, the London-based publisher of shipping costs. That’s the highest since Dec. 10 ...
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Jun
20

Asian container liner finances under the microscope

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drewry Maritime Equity Research initiates coverage on the global container liners’ sector with three major Asian container lines: Orient Overseas (OOIL), Neptune Orient Lines (NOL) and China Shipping Container Lines (CSCL). It is a challenge to find an investable container shipping stock in the current environment. Most companies have seen their cash balances wither and total indu...
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Jun
20

Oil-Tanker Rates Are Little Changed as Traders Pace July Cargoes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates for the largest oil tankers were little changed as traders paced hiring of the vessels for July cargoes, according to Astrup Fearnley AS. Charter costs for very large crude carriers on the benchmark voyage to Asia from the Middle East fell 0.2 percent to 41.18 industry-standard Worldscale points, according to the Baltic Exchange, the London-based publisher of shipping costs. Rates...
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Jun
20

First Gas Carrier Loaded at New LPG Transhipment Terminal in Northwest Russ

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A formal ceremony was hosted yesterday at the Ust-Luga commercial sea port to mark the first loading of a gas carrier with liquefied petroleum gas (LPG) at SIBUR’s new transhipment facility for LPG and light oils. The ceremony was attended by Maksim Sokolov, the Russian Transport Minister; Alexander Drozdenko, Governor of the Leningrad Region; Kirill Molodsov, Deputy Minister of E...
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Jun
20

Wan Hai Lines Christens Its New Containership at Kaohsiung Shipyard (Taiwan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Wan Hai Lines held christening ceremony for “WAN HAI 517″ at CSBC CORP., TAIWAN Kaohsiung shipyard on Jun.19. Mr. Po Ting Chen, Chairman of Wan Hai Lines presided over the ceremony. There are total 14 vessels ordered by Wan Hai to CSBC Corp, including four 1,800 TEUs, four 1,000 TEUs and six 4,500 TEUs which will be delivered in first half of 2013. “WAN HAI 517″ ...
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Jun
20

Denmark Keeps International Focus on Piracy

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Denmark wants to keep international focus on piracy. Therefore, Denmark showed the film “A Hijacking” last night at an event in connection with the current session of the IMO Maritime Safety Committee (MSC 92). The Danish drama “A Hijacking” gives a picture of a hijacking and the human consequences hereof. The film was shown to the delegates of the Maritime Safet...
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Jun
20

China Merchants' Guestimate Container Terminal Growth

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Company's Vice Chairman Li Jianhong, Managing Director Hu Jianhua, Deputy Managing Director Zheng Shaoping and Deputy General Manager & CFO Zhang Rizhong were interviewed by journalists after the AGM. Mr. Li Jianhong said: "This year from January to May, the company's container throughput growth is higher in north than south. The Mainland China and overseas overall...
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Jun
20

Danish Maritime Secures MLC Certification for Two Inspection Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Danish Maritime has chosen to have its two inspection vessels certified in connection with Denmark’s implementation of the Maritime Labour Convention. Thus, the Danish Maritime Authority meets the new requirements for seafarers’ conditions of work. The two inspection vessels JENS SØRENSEN and POUL LØWENØRN are now being certified just as all other sh...
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Jun
20

Oman: Port of Salalah Welcomes One of the Largest Containerships in the Wor

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Port of Salalah has recently welcomed its namesake the APL Salalah, one of the largest containerships in the world, in an exclusive ceremony attended by H.E. Sayyid Mohammed bin Sultan Al Busaid, Minister of State and Governor of Dhofar, along with senior government and commercial representatives, and a number of the port’s management group. The ceremony was held in recognition of...
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Jun
20

Rolls-Royce: Innovative Solutions Reduce Environmental Impact

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Significant investment continues in the technologies that address the need for more efficient and environmentally sustainable power and propulsion systems. Proven experience in using LNG as a marine fuel spans over five years, with a growing number of Rolls-Royce LNG powered ships at sea. Innovative vessel designs match gas propulsion to low-drag hull designs and energy saving systems. ...
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Jun
20

APL Antwerp Docks at Khalifa bin Salman Port, Bahrain

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
APM Terminals Bahrain,(APMT) the operators of the state-of-the-art Khalifa bin Salman Port, (KBSP), yesterday welcomed the largest container vessel yet to enter Bahrain’s waters. APL Antwerp, on route from Asia docked in Bahrain for one day. The vessel is on its Asia-Middle East schedule calling at Jebel Ali, Bahrain and Dammam before heading eastbound to Singapore and South Asia....
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Jun
20

GE to Power New FPSO for Offshore Brazil O&G Sector

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Reinforcing its position as a major technology supplier for the offshore Brazil oil and gas sector, GE will provide four LM2500+G4 aeroderivative gas turbine packages for a new floating production, storage and offloading (FPSO) platform. GE will supply the equipment to Mitsui Ocean Development & Engineering Co., Ltd., (MODEC), a general contractor specializing in engineering, procur...
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Jun
20

ISO to Start Work on Hull and Propeller Performance Measurment Standard

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Jotun welcomes action taken by the International Standards Organization to mobilize an expert group to start work on a common industry standard for measurement of changes in hull and propeller performance. Jotun, in cooperation with the Bellona Foundation (Bellona) and Standard Norway, has been successful in mobilizing shipping industry stakeholders in an effort to reach general agreeme...
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Jun
20

Rem Offshore Enters PSV Charter Contract with Norske Shell

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rem Offshore ASA has entered into a contract with A/S Norske Shell for the PSV vessel “Rem Fortress”. The firm contract period is 18 months, with 6 x 1 months options. The vessel shall support A/S Norske Shell operations offshore on Draugen, Ormen Lange and other locations. Commencement of contract is in July. The agreement is made at market terms. Source : http://world...
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Jun
20

Lukoil Marks Fifth Anniversary of First Bulk Oil Shipment from FOIROT Varan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
LUKOIL has celebrated the fifth anniversary of its first bulk oil shipment through the Varandey oil terminal located near the Barents Sea coast in the Nenets Autonomous District. During this five-year period, 26.37 million tons of oil were shipped by 381 ice-class tankers through the fixed offshore ice-resistant oil terminal (FOIROT) which is part of the larger terminal. The FOIROT is l...
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Jun
19

IMO Safety Symposium Proposes a Overhaul

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Image courtesy of IMO The recent IMO Symposium on the Future of Ship Safety recommends that the International Maritime Organization (IMO) carries out a full review of the existing regulatory regime, in order to meet future needs and expectations. Following two days of intense discussions on a wide range of issues impacting the future of ship safety, the Statement of the Participants o...
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Jun
19

Drewry Container Census reports slower progress

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drewry Maritime Research's latest Container Census reports that the world’s container fleet grew by 5.3% during 2012, adding 1.6 million teu to reach 32.9 million teu. This increase was smaller than for either of the preceding two years, but less erratic than 2011 or 2010. Andrew Foxcroft, editor of the Container Census adds “growth in 2012 was dented by the stubborn pre...
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Jun
19

Ship owners lower newbuilding appetite last week, but still appetite is str

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
It's been a slightly more subdued week in the newbuilding market during the past few days, with lower levels of activity than the one seen over the past few weeks, according to shipbroker Clarkson Hellas. In its latest report it said that still, reported orders have very much been focused on the same sectors that have seen notable levels of ordering so far this year, namely the Ultr...
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Jun
19

Container ship order book drops to 20% of the trading fleet as new deliveri

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery of record volumes of TEU capacity this year, the order book to trading ratio has eroded to approximately 20% in June 2013. Jonathan Roach, Container Market Analyst at Braemar Seasco...
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Jun
19

Dry bulk ship Rates Extend Surge as Brazil-China Ore Cargoes Seen Gaining

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Iron-ore shipping rates extended a nine-day surge amid speculation that bookings are climbing for vessels to deliver Brazilian cargoes to China, the world’s largest importer of the commodity used in steel. Rates for Capesizes carrying about 160,000 metric tons jumped 13 percent to $9,360 a day, according to the Baltic Exchange in London today. They rallied 59 percent in the preced...
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Jun
19

Spot rates to remain low short-term, negative for dry bulk firms

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
As much of the dry bulk shipping industry’s service is commoditized, supply and demand balance is one of the most important drivers for dry bulk companies’ top and bottom line performances. The simplest and easiest metric available to investors is the Baltic Dry Index (BDI), which reflects the daily shipping rates to transport raw materials, such as iron ore, coal and grain ...
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Jun
19

Newbuild dry bulk orders up as shipowners sense storm abating

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Shipowners are become more optimistic that the freight market is poised to recover as they order new dry bulk vessels despite the prolonged crash in charter rates, shipping sources said Tuesday. A shipping agent said the price of a new Capesize vessel had declined continuously over the last 33 months. "Shipping companies in general are looking at newbuilding costs and are currently...
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Jun
19

BBC Chartering Moves ‘Tall Ship Theatre’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
BBC Chartering announced its sponsorship of the Caravan Stage Company’s Tall Ship Theater. The Caravan Stage Company is a non-profit theatrical company that brings innovative performances to shore audiences from the deck of the ‘Amara Zee’. On June 15, 2013, BBC Chartering loaded the 30m long ‘Amara Zee’ (125mt) on board the m/v BBC Ohio in Salerno, Italy f...
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Jun
19

DSME Cuts First Steel for Ichthys FPSO (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The INPEX-operated Ichthys LNG Project (the Project) cut first steel yesterday for the hull of its Floating Production, Storage and Offloading (FPSO) facility in Okpo, Korea. With fabrication of the hull underway, work on all of the Project’s major offshore facilities has commenced. The FPSO is being built by Daewoo Shipbuilding & Marine Engineering (DSME). The vessel will be ...
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Jun
19

Oil-Tanker Surplus in Persian Gulf Seen Smallest in Two Weeks

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf fell to a two-week low, according to a Bloomberg News survey.  There are 15 percent more very large crude carriers seeking charters over the next 30 days than probable shipments from the world’s largest cargo-loading region, the median in the survey of four shipbrokers and two...
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Jun
19

UPDATE 2: MOL Comfort’s Parts Still Afloat

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The two parts of MOL Comfort, the forward and aft portions, are drifting in the Arabian Sea after the containership broke apart two days ago during heavy weather en route to Jeddah, Saudi Arabia, the Indian Coast Guard reports. Another MOL operated vessel is at the site monitoring the situation of MOL Comfort’s parts. Both parts are laden with containers and drifting in an east-no...
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Jun
19

Deepwater Spar Hull Delivery Takes Ship to Capacity Limit

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Mighty Servant 1: Photo credit Boskalis The Boskalis subsidiary, Dockwise vessel 'Mighty Servant 1' has offloaded the 23,000 ton spar for the Lucius deepwater oil and natural gas project in the Gulf of Mexico. The Lucius truss spar, measuring 184 meters (605 feet) long and 34 meters (110 feet) in diameter, was loaded onto the Mighty Servant 1 by means of skid on oper...
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Jun
19

TTS to Equip Ro-Ro Vessel ‘Sigrid’ (Sweden)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
TTS has supplied an electric operated stern ramp/door on the specialized Ro-Ro vessel “m/s Sigrid” for the Swedish shipowner SKB. In late June this year Damen Shipyards, Gorinchem, in the Netherlands and its Galati yard in Romania will deliver their newbuilding H1226, to its owner SKB, Swedish Nuclear Fuel and Waste Management Co, of Sweden. TTS has supplied an electric oper...
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Jun
19

NOCC Enters New Charter Contracts for Two Car Carriers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Norwegian Car Carriers ASA has entered into new time charter contracts for the 100% owned car carriers “NOCC Puebla” and “NOCC Coral”. The charter concluded for “NOCC Puebla” has a duration of about 2 months with commencement in June 2013 and the new charter for “NOCC Coral” has a duration of about 12 months with commencement in July 2013....
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Jun
19

Drewry: Short Term Strength for VLCCs

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drewry’s latest Tanker Insight reports that freight rates in most vessel categories remained on the softer side during the month due to weakness in chartering activity in the major loading regions barring Arabian Gulf. The same was reflected in the Drewry Tanker Earnings Index that declined 31% during the month to 31.2. Despite this, the overall spot chartering activity in the dir...
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Jun
19

Liebherr Delivers Heavy Lift Offshore Crane for New Installation Vessel ‘Vi

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In June, components weighing up to 420 tonnes each for Liebherr’s new heavy lift offshore crane CAL 45000-1200 Litronic® were loaded from Liebherr MCCtec Rostock GmbH onto two ships in the port of Rostock. These components were subsequently transported to the Crist shipyard in the Polish town of Gdynia. There, the crane is currently being assembled on the “Vidar”, ...
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Jun
19

Baker & McKenzie Advises China Merchants on Its Partnership with CMA CGM

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Baker & McKenzie has advised China Merchants Holdings Company Limited, the largest public port operator in China; on its strategic partnership with CMA CGM, the world’s third largest container shipping company; and its successful acquisition of the 49% equity interest in Terminal Link, a wholly-owned subsidiary of the CMA CGM Group, for EUR400 million. The deal was announced i...
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Jun
19

Drydocks World: FSRU Toscana Conversion Project Completed

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drydocks World, the well-established international maritime service provider, announced today that Floating Storage Re-gasification Unit (FSRU) Toscana sailed away from Drydocks World – Dubai. The unit, formerly the 138,830-cbm LNG carrier Golar Frost, has been under conversion since June 2009 at Drydocks world Dubai yard for contractor Saipem and owner OLT. The LNG Carrier, built...
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Jun
19

AdvanFort Inaugurates First Expert White Paper on Counter Piracy

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The AdvanFort Company today announced that it has initiated a new series of “White Papers” on laws, regulations, government policies and other subjects of interest to the counter-piracy community by publishing an analysis by world-renowned maritime lawyer John A.C. Cartner on critical questions governing the use of armed guards. Cartner’s “The Rule of Mammon or t...
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Jun
19

Huisman Introduces New Series of Large Offshore Cranes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Huisman, the worldwide specialist in lifting, drilling and subsea solutions, recently introduced a new series of large offshore cranes. The new series include cranes with lifting capacities ranging up to 900mt and have been developed to meet the increasing demands of the offshore construction and subsea market. Multiple unique features have been incorporated in the design, which makes t...
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Jun
18

MOL Comfort Suffers Damage During Trip to Jeddah

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
c, Suffers, Trip. Mitsui O.S.K. Lines, Ltd. informed that the MOL-operated containership MOL Comfort suffered a crack amidships and ingressed water in the hold while under way from Singapore to Jeddah on the Indian Ocean on June 17, 2013 due to inclement weather. This made it impossible for the vessel to continue on under its own power. Some of the containers on the vessel w...
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Jun
18

UK: Final Section of Giant Aircraft Carrier Sets Sail

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The final section of HMS Queen Elizabeth, the first of two new aircraft carriers being built for the UK Royal Navy, has left BAE Systems’ shipyard at Scotstoun today to embark on a 600 mile journey to Rosyth. The Aft Island, also known as Upper Block 14, is the air traffic control tower of the ship and the centre of all flight operations. Travelling around the north coast of Scotl...
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Jun
18

Containership Operators Respond to Market Decline, Form Alliance

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Line Container Ship: Photo courtesy of Maersk Line Maersk Line, MSC Mediterranean Shipping Company S.A. and CMA CGM have in principle agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will operate a capacity of 2.6 million TEU (initially 255...
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Jun
18

Philippine Navy Search for Ferry Survivors

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Philippine coastguard spokesman points to the area on a map where a ferry went down on June 14, 2013 (AFP/File, Jay Directo) Philippine navy divers battled strong ocean currents in a desperate hunt for seven missing passengers of a ferry that sank with dozens on board. The Lady of Mount Carmel ferry mysteriously went down in calm weather on Friday about 1.2 miles from central Bur...
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Jun
18

Product tanker demand rise potential is there, but analysts doubt it will m

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
US-based analysts, McQuilling Services continues to hold a contrarian view in contrast with the positive sentiment that surrounds the clean tanker market and robust MR2 ordering. According to a recent report from the company, "in an effort to validate our opinion, we compiled the clean product trade data that was used for McQuilling Services Tanker Market Outlook this year. We arra...
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Jun
18

Dry Bulk Ship Rates Pass Running Costs for First Time in Months on Demand

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ships hauling iron ore earned more than they need to cover running for the first time in almost five months, amid speculation that demand for the raw material is accelerating. Daily earnings for Capesizes carrying about 160,000 metric tons of the raw material used to make steel rose for an eighth session, adding 8.5 percent to $8,276, according to the Baltic Exchange, the London-based p...
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Jun
18

While shipping managers are optimistic, downside remains short-term

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels. Since dry bulk ships usually take one to two years to construct, ship orders are most applicab...
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Jun
18

Oil-Tanker Rates Fall Amid Speculation Ship Demand Is Slowing

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Charter costs for the biggest tankers hauling Middle East oil to Asia fell amid speculation demand to hire ships slowed. Booking rates for very large crude carriers on the benchmark Saudi Arabia-to-Japan voyage slid 1.4 percent to 41.75 industry-standard Worldscale points, the lowest since June 12, figures from the London-based Baltic Exchange showed today. Each of the ships can hold 2 ...
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Jun
18

Shipping industry recovery is real, but timing remains uncertain

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels.1 Since dry bulk ships usually take one to two years to construct, ship orders are most applica...
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Jun
18

BIMCO Board of Directors meet in Paris: Discuss Ballast Water and Greenhous

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Board of Directors (BoD) met on Monday 27 May following the preceding day’s brief Executive Committee (EC) Meeting. This was the first assembly of the entire BOD since the Singapore General Meeting and a broad agenda had been prepared for its consideration. Mr. Yudhishthir Khatau, President of BIMCO, chaired the Meeting of the BOD. As is customary, the agenda covered all the c...
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Jun
18

CMA CGM, Maersk Line, MSC to Establish Alliance for Service Improvement

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
CMA CGM, Maersk Line and MSC Mediterranean Shipping Company SA have agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimize operations and service offerings. The P3 Network will operate a capacity of 2.6 million TEU (initially 255 vessels on 29 loops) on three trade lanes: Asia – Europe, Trans-Paci...
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Jun
18

DNV to Make Report on LNG Powered Shipping in North American ECA

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The IMO (International Maritime Organization) has chosen DNV to gather knowledge about the potential of LNG powered international shipping in the North American Emission Control Area (ECA) and identify the necessary conditions for the successful implementation of LNG as a fuel source in the region. Natural gas is a widely available fuel across North America, but availability of LNG is l...
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Jun
18

Canada: New Carrier Code Regime Takes Effect 15th July 2013

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Canada Border Services Agency (CBSA) has announced that carriers calling at Canadian ports will require a new carrier code to participate in its electronic system for advising cargo information on incoming voyages before arrival. Applicability This system, known as the Advanced Commercial Information program (ACI), is mandatory for all commercial carriers transporting goods into Can...
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Jun
18

MV Alice Starts Maiden Voyage from Delfzijl to Antwerpen

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
After successful trials and delivery, M.V. Alice, Hull Nb. 415 went into service for Erik Thun A.B. on June 6th 2013. The maiden voyage for Alice went ballasted from Delfzijl to Antwerpen, where she loaded for Heroya, Norway. During her first loaded voyage the ‘energy saving mode’ of the propulsion plant was tested and fine-tuned. In this mode the main engine is running at l...
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Jun
18

The Netherlands: NAUTIS Simulators Introduce Interface to PC Maritime ECDIS

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
VSTEP and PC Maritime have jointly developed a software interface which makes high quality, yet affordable ECDIS and radar training possible. Following its radar video interface with the Kelvin Hughes and MARIS ECDIS, VSTEP’s NAUTIS bridge simulators now also connect to PC Maritime’s Navmaster ECDIS to provide training colleges with a DNV-approved generic ECDIS training inst...
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Jun
18

LNG Changeover Log-jam in N. American ECA

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Image courtesy of DNV The IMO (International Maritime Organization) has chosen DNV to gather knowledge about the potential of LNG powered international shipping in the North American Emission Control Area (ECA) and identify the necessary conditions for the successful implementation of LNG as a fuel source in the region. Natural gas is a widely available fuel across North America, but...
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Jun
18

China newbuilding orders soar in May

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Chinese shipbuilding companies have received 4.04m dwt new building orders during May, an increase of 73%, surpassing both South Korea and Japan for the month. The growth indicates that ship owners may feel that shipbuilding price have bottomed out and the time is ripe to "buy low", according to analysts in China, who now predict that newbuilding orders will increase further.&...
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Jun
18

UPDATE: MOL Comfort Breaks In Two

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The MOL Comfort incident that occurred yesterday, June 17, 2013, has taken serious proportions. Namely, MOL-operated containership, after reported crack amidships, has broken into two. MOL Comfort, an 8,000 TEU containership, was en route from Singapore to Jeddah carrying a cargo of 4,500 containers when its hull broke and the vessel started taking in water in the hold. All 26 crew memb...
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Jun
18

Incat Tasmania’s Ferry is Officially World’s Fastest Ship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Australian ferry builder Incat Tasmania’s world first high speed dual-fuel vehicle and passenger ferry is now officially fast with a lightship speed of 58.1 knots – (107.6 kilometres an hour) and a thrill for the designers of the 99 metre high speed vessel Francisco (Incat hull 069). This is certainly the fastest ship in the world……of course there’s a few...
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Jun
18

MCA: Five Foreign Flagged Ships Detained in UK Ports During May 2013

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Maritime and Coastguard Agency (MCA) announced today that five foreign flagged ships were under detention in UK ports during May 2013 after failing Port State Control (PSC) inspection. Latest monthly figures show that there were two new detentions of foreign flagged vessels in UK ports during May 2013 and three vessels remained under detention from previous months. Only three vessel...
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Jun
18

IMO Urges Comprehensive Review of Existing Safety Regulatory Framework

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The IMO Symposium on the Future of Ship Safety, held on 10 and 11 June, at IMO Headquarters in London, has recommended that the International Maritime Organization (IMO) carries out a full review of the existing regulatory regime, in order to meet future needs and expectations. Following two days of intense discussions on a wide range of issues impacting the future of ship safety, the S...
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Jun
18

Cargo turnover at Latvian ports decreased by 8.1% in January-May

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Cargo turnover at Latvian ports reached 31.27 million tons in the first five months of 2013, 8.1% less than in the same period in 2012, the Transport Ministry's Transit Policy Department informed LETA/Nozare.lv. In January-May 2012, Latvian ports handled 34.02 million tons of cargo. The Freeport of Riga handled 14.3 million tons of cargo in January-May 2013, 8.8% less than in Januar...
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Jun
18

Wärtsilä to Provide Harvey Gulf Vessels Integrated Package

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Offshore Enviro Vessels: Photo courtesy of Wärtsilä Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine of New Orleans. This offshore vessel is the first in a series of three MPSVs being built for Harvey Gulf. T...
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Jun
18

Navy Shipyard Puget Sound Seeks Volunteer Workers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Puget Sound Naval Shipyard: Photo credit Wiki CCL Puget Sound Naval Shipyard and Intermediate Maintenance Facility (IMF) are seeking shipyard volunteers to help overcome a staffing shortage of more than 600 mechanics, a result of the Navy-mandated hiring freeze. Despite being exempt from Defense Department-wide employee furloughs, Puget Sound Naval Shipyard and IMF is struggling to mi...
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Jun
18

Forged documents found for Iranian cargoes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Doha Port Customs has found that a number of ships are delivering to and from Iran via Kuwait using a series of formed seals and documents, contravening strict sanctions against the Islamic Republic. Sources explained that "customs officers found the seizures during routine inspections in dealing with ships and boats, and they referred the case to the competent authorities”. ...
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Jun
18

Arab exports to Brazil exceed $2.76bn in Jan.-April 2013

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Arab region has been a very important partner of Brazil in oil trade as Arab countries collectively account for up to 20 per cent of Brazilian oil imports. From January to April 2013 alone, Brazil has already imported more than $2.76 billion worth of mineral fuel, oil, gas and other energy products from different Arab countries, according to statistics from the Arab-Brazilian Chambe...
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Jun
18

Almi Tankers Takes Delivery of New VLCC from DSME’s Okpo Shipyard

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Almi Tankers S.A. announced that on June 14th, 2013, the first VLCC of its newbuilding project, the M/T Hydra Voyager, was delivered to her owners at DSME’s Okpo Shipyard, and was subsequently delivered to her long term charterers, Chevron. This 319,000 DWT tanker is the first of two VLCCs from Almi’s newbuilding programme and was built by Daewoo Shipbuilding & Marine En...
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Jun
18

Greece: Euroseas Sells MV ‘Anking’ and Purchases MV ‘Wehr Flottbek’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Euroseas Ltd., an owner and operator of drybulk carriers and containerships and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it sold for scrap one of the oldest container vessels in its fleet, the M/V Anking, a 950 teu multipurpose vessel built in 1990 for approximately $3.7 million. The vessel will be delivered to her new owners by th...
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Jun
18

Polish LNG terminal 'to overcome delays'

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Poland has sped up work on a terminal for liquefied natural gas (LNG) as it aims for a 2015 start date for receiving shipments from suppliers such as Qatar, the head of terminal operator Polskie LNG said.  "Work is speeding up," Rafal Wardzinski told Reuters in an interview. "If this continues, and nothing unexpected happens and if winter is mild, we should meet this...
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Jun
17

Saudi Arabia's oil product imports to provide additional support to the tan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A steady increase of diesel and gasoline imports from Saudi Arabia this summer is bound to provide additional support in the product tanker market during the following weeks. According to the latest weekly report from shipbroker Gibson, "while the product tanker market eagerly awaits the start-up of the huge Saudi Arabian refinery developments, with the first project due onstream l...
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Jun
17

Single Hull VLCCs: The Long Goodbye

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In the 1880s the risks of carrying oil by sea were already well known. In 1881 the Nordenskjφld, an early tanker design, exploded whilst loading kerosene, killing half the crew. But the Gl?ckauf, built in 1886, dealt with this problem. With its single hull transverse bulkheads and separate cargo compartments, it pioneered the tanker design which lasted a century. Winners and Losers ...
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Jun
17

2013 Vessel General Permit – Major changes and challenges

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On March 28, 2013, the US Environmental Protection Agency (EPA) issued the 2013 Vessel General Permit (2013 VGP) to regulate discharges incidental to the normal operation of commercial vessels. As the 2013 VGP becomes effective on 19th December 2013, about 12,500 foreign flagged vessels are expected to be subject to VGP requirements and be required to obtain authorization under this new...
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Jun
17

Maersk, Hyundai, Hapag Lloyd To Up Rates

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Line has posted a decent $204 million profit in the first quarter. Making a profit when Asia-Europe is a disaster and many other carriers are wallowing in red ink is impressive The carrier could increase rates from their current level of $730 to $1,481 per TEU on July 1. That means doubling freight rates in a market that is being flooded with shipping capacity and has very little...
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Jun
17

Three Sailors Rescued from Sinking Ship Off American Samoa

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Two Americans and a Canadian have been rescued from a vessel that began taking on water this morning 150 nautical miles (280km) south-south west of American Samoa. The initial report was received via Rescue Coordination Centre (RCC) Honolulu shortly after 4.30am, with the Rescue Coordination Centre New Zealand (RCCNZ) receiving a transmission from the vessel’s emergency locator be...
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Jun
17

Tanker fixtures rise globally during May, mainly on OPEC members' increased

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Global oil fixtures increased by 14% in May to stand at 19.88 mb/d over the previous month. This growth came as a result of an increase in all fixtures, but more obviously in OPEC fixtures, which increased by 10% over April to average 14.11 mb/d. The increase in OPEC fixtures was driven by both westbound and eastbound fixtures, mainly due to the return of refineries from maintenance. Pr...
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Jun
17

Port of Houston Gets New Captain of the Port

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Change of Command Ceremony: Photo courtesy of USCG A new commander of Coast Guard units in the Houston-Galveston area & Captain of the Port in those areas has relieved his predecessor during a change-of-command ceremony in Clear Lake. Capt. Brian Penoyer relieved Capt. James Whitehead, who is retiring from the Coast Guard after 26 years of service. As the commanding officer of Se...
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Jun
17

VARD Brevik Delivers Newbuild PSV to Troms Offshore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Troms Offshore Supply AS on Thursday, June 13, took delivery of its new build no 756 at VARD Brevik shipyard in Norway. The ship has been given the name MV Troms Lyra Troms Lyra is a Clean Design diesel electric PSV (Platform Supply Vessel) with a deck area of 850 m2. Engines and propulsion in combination with advanced catalyst technologies ensure low fuel consumption, efficient operati...
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Jun
17

Skansi Offshore Holds Naming Ceremony for Havyard Designed PSV ‘Kongsborg’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The PSV vessel “Kongsborg” was delivered to Skansi Offshore on Friday and was named Saturday at quay in Stavanger. Godmother was Marianne Eide. “Kongsborg” is a Havyard 833 design and build no.111 from Havyard Group`s shipyard in Leirvik, Sogn in Norway. MAJOR EVENT FOR THE FAROE ISLANDS Even though this is the 5th newbuild for Skansi Offshore, it is still a majo...
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Jun
17

Norway: Reach Subsea Enters Charter Agreement for MPSV ‘Bourbon Emerald’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Reach Subsea has entered into a charter party agreement with Bourbon for the MPSV “Bourbon Emerald” for 140 days + options. The vessel will be equipped with the company’s own ROVs for operations in the North Sea and under the Joint Venture with Marin Mætteknik. Further, Reach Subsea has entered into a contract with Petromarker for electromagnetic survey work. Tot...
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Jun
17

Mare Forum Shipping Summit 2014 Will Be Held in Dubai (UAE)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drydocks World & Maritime World, the world renowned provider of quality services to the international marine and maritime industry, announced yesterday that the Mare Forum Shipping Summit will be held in 2014 in Dubai, UAE. The event which will be attended by leaders of both the regional and international industry will be the first time that this internationally recognized forum wil...
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Jun
17

Port of Red Dog: Bulk Carriers' Call of the Wild

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
As the ocean vessel loads outside the three statute mile limit, the vessel is not deemed by Customs to have entered into the United States. There is, therefore, no requirement to Enter In or Clear Out the vessel with Customs.  However the USCG and CBP consider a vessel within the twelve mile limit to have entered U.S. territorial waters and that they have the right to board and do...
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Jun
17

Northrop Grumman Upgrades Arklow Shipping ECDIS Systems

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Northrop Grumman Corporation has been selected by Arklow Shipping to upgrade 12 container vessels with VisionMaster FT Electronic Chart Display & Information Systems (ECDIS). Northrop Grumman's Sperry Marine business unit will install all of the systems by the end of 2014. The VisionMaster FT ECDIS will replace existing NaviECDIS that utilises the Voyage Management System supplie...
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Jun
17

Angola Ships First Offshore LNG Cargo

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
First LNG Shipment Ceremony: Photo credit Angola LNG The first cargo was sold to Angola's state oil & gas company and is currently being shipped to Brazil by the  LNG carrier 'SS Sonangol Sambizanga', one of seven 160,000 m3 LNG vessels that are under long-term charter to the Angola LNG project. Angola LNG, the Soyo-based facility built to create value from ...
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Jun
17

Maersk Helps in UN Food Saving Initiative

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Container Industry has joined the United Nations' SAVE FOOD Initiative to help make international food logistics more efficient. "Food should not be wasted, but too often it is, and we believe our technologies can help improve the food logistics chain," says Peter K. Nymand, CEO of Maersk Container Industry, MCI. Robert van Otterdijk, team leader in SAVE FOOD, says:...
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Jun
17

MCA Gives Advice on MLC and Brown Code at Seawork 2013 (UK)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Maritime and Coastguard Agency will be at Seawork again this year, giving guidance on a wide range of topics. Staff will be available to discuss current developments in the regulatory framework for workboats, pilot boats and renewable energy industry service vessels, and the Maritime Labour Convention which comes into force internationally on 20 August 2013. Mark Towl, Vessel Policy...
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Jun
17

Slovenia: Luka Koper Plans Extension of Pier I

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At its meeting of 14th June 2013, the Luka Koper Supervisory Board was presented with, and endorsed, plans for the extension of the southern side of Pier I, an investment which will increase capacity at the Container Terminal by an additional 230,000 TEUs per year above the current 720,000 TEUs. In addition to the dredging of Basin I, the investment also includes the construction of add...
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Jun
17

Battery and Hybrid Propultion - viable for ships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Spurred by the advances in battery technologies and the commercialisation of electric and hybrid cars, the maritime industry is asking itself: Do these propulsion solutions make sense for ships? Performance benefits, fuel savings and emissions reduction is being weighed against capital investments, practicality, limitations in range and safety. DNV plays a vital role in enabling the saf...
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Jun
17

UAE: ADPC Welcomes First Shipment of Soya through Mina Zayed Port

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Abu Dhabi Ports Company (ADPC) and Agthia Group’s Agri Business Division, Grand Mills, have welcomed the first ever shipment of ‘soya bean meal’ into Abu Dhabi, through Mina Zayed. Grand Mills has chosen to ship the bulk material directly into the UAE capital rather than relying on road transport from other ports. The first shipment of 11,000 metric tonnes of soya bean...
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Jun
17

Chevron Confirms First Cargo from Angola LNG

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Chevron Corporation’s subsidiary Cabinda Gulf Oil Company Limited today confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent. “First gas at Angola LNG is an important milestone in support of our strategic plan to grow our production,” said ...
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Jun
17

VIDEO: Christening Ceremony of the World’s Largest Ship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The first vessel of the Triple-E series, owned by Maersk Line, was named on Friday, June 14, in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. Ane Mærsk Mc-Kinney Uggla, who is the chairman of the Moller Foundation, had the honour of naming the first vessel. Watch a video from the christening ceremony of the world&rsq...
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Jun
15

Golden Ocean Concludes Newbuilding Contracts

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Golden Ocean Group Limited announced that it has concluded three option three newbuilding contracts for 64,000 dwt Supramax bulk carriers with Chengxi Shipyard Co.,Ltd and China Shipbuilding and Trading Company Limited (“CSTC”). The firm vessels will be delivered to the company during first half 2015 and optional vessel to be declared within four months from now. Golden Ocea...
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Jun
15

USA: Crowley’s Tugboat Gets Letter of Commendation from CSA

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Crowley Maritime Corp. tugboat Explorer has been awarded with a letter of commendation from the Chamber of Shipping of America (CSA) for assisting a stricken vessel 30 miles west of Providenciales, Turks and Caicos Islands, in December. Crowley crew members quickly responded to the 20-foot vessel, which had run out of fuel, providing the crew of two with water, life jackets, flashli...
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Jun
15

Osiris Projects Announces Name of Its Latest Custom Build Survey Vessel

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Osiris Projects has announced that their latest custom build survey vessel, to be launched in August 2013, will be named ‘Proteus.’ The 14.0m GRP survey caramaran is based on a popular and well proven design within the industry. The hull design ensures exceptional manoeuvrability at both low and high speeds and incorporates a low drag profile ensuring excellent fuel economy....
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Jun
15

BBC Chartering Strengthens Korean Business

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
German based BBC Chartering, announced intentionto bolster business in Korea. BBC Chartering started with a first representation in Seoul back in 2003. Following a recent reorganization, the carrier aims at further strengthening its Far East presence. The local team of ten now covers chartering, operations and technical services and will be headed by Paul Kim as Managing Director. BBC C...
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Jun
14

FSL Trust Demands Redelivery of Crude Oil Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), wishes to announce that the lessees of its two crude oil tankers, namely, Aqua and Action, have defaulted on their lease payments and FSLTM has demanded the redelivery of these vessels. The lessees are wholly-owned subsidiaries of Geden Holdings Ltd. FSLTM had been in restructuring discussi...
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Jun
14

First Triple-E Vessel Christened (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Line’s newest vessel, the first of the Triple-E series, was named Friday morning in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. It bears the name of the late Mærsk Mc-Kinney Møller, who passed away in April 2012 at the age of 98. Maersk Line CEO, Søren Skou, began the ceremony by welcoming all the ...
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Jun
14

Latest Version of GL’s Thickness Measurement Software Pegasus Released

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The latest version of classification society Germanischer Lloyd’s (GL) thickness measurement software Pegasus, was recently released. To verify the structural integrity of a vessel, hull thickness measurements must be periodically taken, with each measurement point documented. The number of required measurement points can number up to 20,000 – all repeatedly measured over th...
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Jun
14

Samsung Heavy Bags Another Large-Scale Order

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Samsung Heavy Industries (SHI) has revealed today that its Nigerian subsidiary has won a USD 3 billion worth order for the construction of an FPSO (floating production storage and offloading) unit for an unknown customer. The FPSO will be the largest one in the world to be built until now. SHI’s South Korean yard will build the hull and some upper sections of the vessel worth USD ...
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Jun
14

Latest Dry Bulk Shipbuilding Orders Worldwide

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'. Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily focussed on the smaller Handysize and Supramax sectors. Starting with the Capes and taking its total orderbook at the yar...
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Jun
14

Crude oil tankers in the mixed zone, whereas product tankers are feeling th

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Oil demand growth is driven almost exclusively by the Asia/Pacific region, which is set to consume another 500,000 barrels a day on top of the 1 million barrels per day increase in 2012. Changing tanker trading patterns are constantly happening due to the above, as well as changes in the US oil market. In our last report, we noted that the US had become a net exporter of gasoline, causi...
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Jun
14

Moody's: Sustained oversupply keeps outlook for global shipping industry ne

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The outlook for the global shipping industry will remain negative over the next 12-18 months, as the supply of vessels will likely continue to outstrip demand in most shipping services, says Moody's Investors Service in its latest Industry Outlook on the sector published yesterday. The global shipping industry's outlook has been negative since July 2011. The new report, entitled...
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Jun
14

Home Shipping News Interviews Tonnage oversupply to overpowe...

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Many analysts have advocated that the dry bulk market is heading towards a moderate recovery starting from 2014 onwards, as a result of improving demand, continuous scrapping of older dry bulk carriers and a less than overwhelming outstanding newbuilding tonnage. But, according to Mr. Yannis Pachoulis, head of shipbroker MegaChart and former President of the Hellenic Shipbrokers' As...
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Jun
14

LNG Ship Rates Have First Gain Since January on African Cargoes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates to ship liquefied natural gas rose for the first time in almost five months as African producers expanded exports, according to Fearnley Securities AS.  Daily spot rates for turbine vessels climbed 3.5 percent to $89,000 this week, the first gain since Jan. 26, according to data from Fearnley LNG, a shipbroker in Oslo. Earnings slumped 28 percent since the start of the year. ...
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Jun
14

Cross-Med, Black Sea freight rates hit 9-month low on thin demand: trade

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Clean freight rates for handy-size cargoes on a Cross-Mediterranean and Black Sea-Mediterranean route have fallen to record nine-month lows on a lack of cargoes and growing tonnage, shipping sources said Thursday. Cross-Med rates for 30,000 mt cargoes were assessed at Worldscale 130, or $8.40/mt, at Wednesday's Platts Market On Close and were pegged at low levels Thursday morning. B...
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Jun
14

Iron Ore Shipping Rally Seen Extending as China Restock Starts

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates to ship iron ore will extend gains as China starts replenishing stockpiles of the commodity used to make steel after prices fell, according to Arctic Securities ASA.  “We would expect volumes to remain firm and thus see freight rates for Capes continue to strengthen,” Erik Nikolai Stavseth, an Oslo-based analyst at the investment bank, said in an e-mailed report t...
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Jun
14

LSS - SAPU receives Cyprus Flag approval

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
LSS – SAPU has stated it is proud to announce it has received the final approval from the Cypriot Flag Registry to embark Cypriot Flagged vessels.  Following the successful vetting procedure by North of England's assigned vetting company Gray Page, the SAMI Certification, Panama Flag approval and the trust of the majority of Greek shipowners and numerous International com...
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Jun
14

Diana Shipping Inc. Announces Delivery of the Capesize Dry Bulk Carrier m/v

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, yesterday announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v "Baltimore" (formerly "Tamou"), a 2005 built Capesize dry bulk carrier of 177,243 dwt that the Company entered into an agreement to purchase in April ...
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Jun
14

AET Performs 10,000th US Gulf Lightering Operation

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On 12 June 2013, AET confirmed its leadership position in US Gulf lightering by performing its 10,000th fully serviced lightering operation. Using its own personnel, equipment and lightering support vessel, AET successfully transferred 547,000 bbls of crude oil from Tankers International LLC’s V.K. Eddie, a VLCC, into one of its own Aframax tankers, Eagle Kinabalu, for SeaRiver Ma...
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Jun
14

‘Polar Duchess’ to Start Acquisition of New UtStord Multi-Client Survey

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Dolphin Geophysical’s high-end 3D seismic vessel, the Polar Duchess, will commence acquisition of new UtStord Multi-Client Survey in the Norwegian North Sea. The 3,500km2 survey is highly prefunded by industry and will commence around June 14th. Acquisition is scheduled to take approximately 3-4 months in total with prioritised acreage being acquired first. To assist clients with ...
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Jun
14

Argentina to Receive LNG Spot Cargo From Trinidad at Recalada

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Argentina, which has no long-term contracts to import liquefied natural gas, is scheduled to receive a cargo today from Trinidad & Tobago, according to ship-tracking data.  The SCF Arctic, with a capacity of about 72,000 cubic meters, will arrive at the port of Recalada near Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. The vessel stopped ...
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Jun
14

Fire Aboard USS Nimitz

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A fire occurred aboard the aircraft carrier USS Nimitz (CVN 68) in the ship’s electrical equipment while the ship was underway in the Indian Ocean within U.S. 7th Fleet’s operating area June 7. No Sailors were injured during the event or the response, and the ship and embarked air wing remain operable and in a safe, stable condition. The ship’s underway firefighting te...
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Jun
14

MAN Engines to Power New Viking Cruise Ships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
MAN Diesel & Turbo is to supply eight engines for the diesel-electric propulsion of two cruise ship newbuildings to Fincantieri Cantieri Navali Italiani S.p.A., world leader in cruise shipbuilding. The company is delivering the engines in cooperation with Alfa Laval who will supply accompanying exhaust-gas-treatment systems (PureSOx) for sulphur-oxide removal. Each cruise ship will ...
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Jun
14

MLC 2006 Helps Secure Seafarers Same Rights in Working and Living Condition

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A new version of Notice B from the Danish Maritime Authority, which enters into force on 1 August 2013, implements the recent provisions adopted by United Nations’ International Maritime Organization (IMO) and through EU cooperation. A new part on seafarers’ working and living conditions will, inter alia, be incorporated. Thus, Denmark implements Maritime Labour Convention (...
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Jun
14

Cargo Ship Runs Aground Off Tobermory

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
UK Maritime and Coastguard Agency (MCA) today reported that a cargo ship has run aground approximately 2.5 miles south of Tobermory, Sound of Mull. Stornoway Coastguard received a 999 call just after 6am this morning reporting that a 90-metre long vessel carrying wood had run aground on rocks. The RNLI Tobermory all-weather lifeboat and the Tobermory Coastguard Rescue Team have bee...
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Jun
14

China Consortium to Build Panama Canal Alternative

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Panama & Nicaragua Canals: Image credit Wiki CCL Nicaraguan lawmakers grant a 50-year concession to a Chinese company to design, build & manage a shipping channel across the Central American nation to compete with the Panama Canal, reports Reuters. The $40 billion proposal by HK Nicaragua Canal Development Investment Co Ltd's (HKND Group) calls for linking Nicaragua's ...
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Jun
14

Moore Stephens: Shipping Confidence Reaches Highest Level for Two and a Hal

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The survey produced evidence of increased enthusiasm for new investment, although doubts persisted about the availability of bank f...
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Jun
14

Russia Plans to Ship 19 ESPO Crude Cargoes From Kozmino in July

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Russia will ship in July 19 cargoes of East Siberia-Pacific Ocean, or ESPO, crude from the Pacific port of Kozmino, matching the record set in May.  Kozmino will load 1.9 million metric tons, or about 450,000 barrels a day, of ESPO blend, according to a final loading program obtained by Bloomberg News. Three of the shipments, which are in lots of 100,000 tons each, will be transpor...
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Jun
14

Fujairah set for LNG import terminal

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Emirates LNG Company is looking to build an import gas terminal at Fujairah capable of handling 9m tonnes a year.  The UAE has become a net gas importer over the last few years. Emirates LNG is studying the idea of building a floating storage and conversion unit and has been in touch with two Norwegian firms, Excelerate and Golar, over the proposal. Source : http://www.helleni...
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Jun
14

Seaspan Accepts Delivery of 4600 TEU Containership

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Seaspan Corporation announced that it accepted delivery of a 4600 TEU containership, the MOL Excellence. The containership was constructed by Mitsubishi Heavy Industries Ltd. in 2003 and expands the Company's operating fleet to 70 vessels. The MOL Excellence is on charter to Mitsui O.S.K. Lines Ltd. ("MOL") under a two-year, fixed-rate time charter. The ship is the fifth o...
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Jun
13

OW Bunker Completes First Physical Supply Test Using Coriolis Flow Meter

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
OW Bunker, a suppliers and traders of marine fuels and lubricants, announced that it has completed its first physical supply test to a customer using a Coriolis Flow Meter in Singapore. The company is currently trialing the introduction of a physical supply service in the region, in order to expand its presence and ensure customers receive the highest quality products and service. &ldqu...
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Jun
13

CWind Expands Inspection Services (UK)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
CWind, a UK-based offshore wind services provider is increasing its inspections services offering and is taking on Michael McQueenie to head up the section. CWind has been offering inspection services to its clients since 2009 and has conducted a range of inspections on behalf of its clients at 10 wind farms since then, including wind farm Ormonde, Walney 1 / 2 and Thanet Offshore. Pete...
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Jun
13

China Mega-Bridge Coatings Contract Awarded

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
HK-Zhuhai-Macao Bridge: Image courtesy of consultants Arup COSCO Kansai Paint & Chemicals win the Hong Kong-Zhuhai-Macao Bridge Authority’s coatings contract for the 38-km long Pearl River estuary bridge. The vast bridge in the South China Sea will form a fixed crossing over the Pearl River Estuary between Zhuhai and Macau on the western side and Hong Kong on the eastern sid...
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Jun
13

Rolls-Royce to Supply Offshore Cranes for Four PSVs in Brazil

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rolls-Royce Plc announced yesterday that it has signed a contract with Detroit Chile SA for the delivery of offshore cranes to four platform supply vessels (PSVs) under construction at Detroit Brasil Ltda. shipyard, in Itajaì, Brazil. The delivery from Rolls-Royce will include four ship sets of the award winning dual draglink crane – eight cranes in total. Upon completion, ...
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Jun
13

BIMCO expects subdued Capesize earnings for the coming weeks

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, which is going through some interesting times right now. European coal demand has been in a slump ever since early 2009, where seaborne demand fell by 14 million tons from the first to the second quarter. Import volumes during the last three qu...
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Jun
13

Ore-Shipping Rate Climbs Most in Five Weeks on Demand Outlook

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Iron-ore shipping costs advanced the most in five weeks amid speculation that falling prices for the commodity in China may drive up demand and curb a vessel glut. Rates for Capesizes carrying 150,000 metric tons or more advanced 8.7 percent to $6,300 a day, the largest increase since May 2, according to data today from the Baltic Exchange in London. Costs rose the most for charters sta...
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Jun
13

Top 5 Must-Watch Somali Pirates Movies

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Inspiration often finds its way through real-life events. The problem of Somali pirates plaguing the waters of Africa, the Indian Ocean and its surrounding arms extending to the Mid-east has been the source of inspiration for various Hollywood dramas. Each movie speaks its own tale, highlighting the troublesome nature of the maritime zone that has been a cause of worry for the ...
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Jun
13

Shipmaster Failed to Report Ship Adrift in Aleutian Pass

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Similar K-Line Container Ship: Photo courtesy of K-Line Coast Guard investigators have finished a one month investigation into the operation of the 874 ft. long 'Bangkok Bridge' in Dutch Harbor. Two investigators, one from Coast Guard Sector Anchorage and one from Coast Guard Marine Safety Detachment Dutch Harbor, assessed a $75,000 penalty for failure to report a hazardous co...
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Jun
13

Russian Companies Get Norwegian Arctic Offshore Licenses

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ola Borten Moe: Photo credit Norwegian Government Both Rosneft and Lukoil have secured license rights to blocks issued by the Norwegian government in Arctic waters. The massive opening of the Barents Sea for the oil industry includes invitations to Russia’s two powerful Russian petroleum companies, the first ever Russian companies on the Norwegian shelf, reports the 'Barents...
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Jun
13

TOTE’s LNG-Powered Containerships Receives Prestigious Nor-Shipping Award

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
TOTE’s 3100 TEU LNG-powered containerships took home the Next Generation Award at Nor-Shipping 2013 on June 4 in Oslo, Norway. TOTE, Inc. and General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, jointly applied for the award. The Nor-Shipping Next Generation Award recognizes the ship project that demonstrates the greatest advances in design, as assessed with res...
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Jun
13

Nothing’s shocking? Braemar on shipping’s demolition derby

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In a downtrodden market with an excess of ships, owners can afford to be choosey but according to international shipbroking firm Braemar Seascope, an increase in scrapping has meant a return to the trend for early demolitions, with tankers as young as 12 heading for the scrapyard. Sebastian Davenport-Thomas, Managing Director, Braemar Seascope, recently said: “Demolition is increa...
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Jun
13

Navios Announces Delivery of One MR2 Product Tanker Vessel (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced recently that the Nave Titan, a new building MR2 product tanker vessel of 49,999 dwt, was delivered on June 10, 2013 from a South Korean shipyard. Nave Titan has been chartered out to a high quality counterparty for three years at a rate of $13,825 net per day plus 50% profit sharing based on a f...
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Jun
13

HK Shipowner OOCL Gains DNV Environmental Accreditation

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Certificat Presentation: Photo credit OOCL Hong Kong headquartered Orient Overseas Container Line (OOCL) attains certification on the accuracy and transparency of its environmental data disclosure. OOCL was accredited the certification for 2012 after going through an audit conducted by classification society Det Norske Veritas (DNV),  using the internationally recognized and acce...
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Jun
13

RS Ready for Maritime Labour Convention Entry into Force

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On August 20, 2013 the Maritime Labour Convention, 2006 (MLC), adopted on 23 February 2006 at the 94-th session of the International Labour Conference, will come in force. The MLC will become one of the major regulatory documents of the maritime industry along with SOLAS, STCW and MARPOL Conventions. Aiming at further improvement of customer service quality and effective implementation ...
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Jun
13

UK Transport Minister Visits Jebel Ali Port (UAE)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The UK Minister of State for Transport, Simon Burns visited Jebel Ali Port and the free zone and was welcomed by H.E. Sultan Ahmed Bin Sulayem, Chairman, DP World. During a meeting with senior DP World executives and a tour of the port, Mr Burns was briefed on the operational efficiencies that have made Jebel Ali one of the top ten container ports globally. The Minister inspected the ex...
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Jun
13

Maersk Container Industry Teams Up with UN to Combat Global Food Waste (VID

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Container Industry has joined the United Nations’ SAVE FOOD Initiative to help make international food logistics more efficient. “Food should not be wasted, but too often it is, and we believe our technologies can help improve the food logistics chain,” says Peter K. Nymand, CEO of Maersk Container Industry, MCI. Robert van Otterdijk, team leader in SA...
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Jun
13

China Shipbuilding Industry's Woes Uncovered in New Research Report

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Company's Logo The shipping market is continuously in depression, and the development of China's shipbuilding industry faces huge challenges, says a new report – 'China's Shipbuilding Industry 2013-17' published by Research & Markets. In a newly-issued market research report, 'Report & Markets' finds that from January to September in 2012...
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Jun
13

Singapore at Heart of Counter Piracy

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
For the third time nearly five years, the Republic of Singapore Navy (RSN) has stepped down from a three-month command of the multi-national Combined Task Force (CTF) 151, after coordinating operations to deter and disrupt maritime organized crime in the Gulf of Aden as part of international counter-piracy efforts. The fact that there were no successful hijacking incidents in the CTF 15...
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Jun
13

Greece: Diana Shipping Takes Delivery of Dry Bulk Carrier MV Baltimore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Diana Shipping Inc. , a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Baltimore” (formerly “Tamou”), a 2005 built Capesize dry bulk carrier of 177,243 dwt that the Company entered into an agreement to purchase in April...
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Jun
13

Baltic Exchange CEO Penn Sees Ship Rates Unaffected by New Speed

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Following are comments from Jeremy Penn, chief executive officer of the Baltic Exchange, about the assumptions shipbrokers should make when submitting rate estimates for Capesize vessels that carry iron ore. The bourse said today brokers should assume vessel speeds of 12 knots with a cargo and 13 knots without, for fuel consumption of 44 metric tons a day. Guidance in its manual for pan...
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Jun
13

Indian Coast Guard Rescues 22 Sailors from Sinking Ship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Indian Coast Guard saved 22 crew members from a sinking cargo ship, off the Mangalore coast, Indian news portals reported. MV Asian Express experienced engine problems on June 10 while on its route to Maldives, causing the ship to take in water and start sinking. The vessel was adrift for two days and sent a distress signal in the morning of June 12. An Indian Naval Ship passed on the i...
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Jun
13

Kenya: Somali Pirates Jailed for Five Years

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Nine Somali pirates were yesterday sentenced to five years by a Mombasa court for hijacking a civilian ship from Spain in 2010. The court upheld that the prosecution through its witnesses that included several United States marine soldiers. The nine were represented by lawyer Jared Magolo. Magolo appealed to the court to be lenient with his client. "The accused are first offenders....
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Jun
13

DNV Gains USCG Acceptance as Independent Laboratory for BWT System Testing

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
DNV has become the first class society to achieve the status of an Independent Laboratory (IL). This means it is authorised by the United States Coast Guard (USCG) to evaluate and test technologies designed to treat ballast water on ships in order to prevent the spread of non-native aquatic species in lakes, rivers and coastal waters. DNV is leading a partnership between test facility D...
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Jun
13

South Korean banks to boost ship financing

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
State-owned banks of South Korea like Export-Import Bank of Korea and Korea Development Bank are mulling the expansion of their ship financing portfolio, reports said. The Export-Import Bank of Korea is considering a KRW500bn ($442.6m) financial aid for the country's shipping companies, extended in the form of asset-backed loans, with the possibility of using long term lease contrac...
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Jun
13

Smaller Operators Excel in Polish Shipyards

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The trawler Odra along side for modifications in Swinoujscie. The huge yellow gantry cranes, cavernous sheds and slipways of the Szczecin Shipyard dominate the Port of Szczecin. At one time, 10,000 workers toiled to built as many as 21 deep-sea ships per year in this sprawling edifice. Today only a fraction of that number, perhaps 1,500, work for a diverse group of small independent m...
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Jun
12

Newbuilding ordering activity cools down as owners are taking a breather

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ship owners have kept on investing in newbuildings during the course of the past week, but the pace of orders has declined compared to the recent past. According to Clarkson Hellas, ordering this week has primarily focused in the dry bulk market and more specifically on the smaller Handysize and Supramax sectors, apart from a single Panamax order and the declaration of some Capesize opt...
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Jun
12

Denmark: Clipper Projects Merges with Thorco Shipping

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Clipper Group and Thorco Shipping announced the creation of the world’s second largest multipurpose/projects owner and operator: Effective July 1st, 2013, Clipper Projects and Thorco Shipping will merge, continuing under the Thorco name and with headquarters in Copenhagen. After the merger, Thorco will operate a fleet of about 90 modern multipurpose vessels with a lifting capacity...
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Jun
12

Tankship Engine Room Blaze Off Somalia Coast

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Photo: Australian Navy Australia’s HMAS Newcastle provided medical treatment and evacuated two badly burned Filipino merchant seamen from a stricken oil tanker in the Somali Basin. The seamen from the Liberian registered Merchant Tanker Perla, were severely burned during a machinery fire which left the tanker powerless, adrift and vulnerable to pirate attack on June 7, 2013. H...
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Jun
12

Teekay Charters Out Two LNG Newbuildings

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December 2012. The newbuildings are currently under construction by Daewoo Shipbuilding & Marine Eng...
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Jun
12

Incat and MEO Start Construction of Catamaran Patrol Vessel (Australia)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Incat Crowther and Marine Engineering Consultants (MEC) announced commencement on the construction of a 24m long-range Catamaran Patrol Vessel to work in the Great Barrier Reef World Heritage Area (GBRWHA). The GBRWHA is jointly managed by Queensland’s Department of National Parks, Recreation, Sport and Racing (DNPRSR) and the Great Barrier Reef Marine Park Authority (GBRMPA). Piv...
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Jun
12

Iron-Ore Ship Rates Gain Most in a Month as Fleet Growth Slows

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The cost of shipping iron ore rallied the most in more than a month amid speculation that a slowdown in record fleet growth is helping owners to negotiate better charters. Rates for Capesizes transporting 150,000 metric tons or more of the steelmaking commodity rose 4.1 percent to $5,797 a day, the largest one-day advance since May 7, according to the Baltic Exchange in London. The Balt...
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Jun
12

LNG Boom No Comfort as Petronas Sees Cheap U.S. Gas Fallacy

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The shale boom that’s putting the U.S. on course for energy independence is providing little comfort for liquefied-natural gas consumers in Asia.  “If you want cheap gas, there is no gas,” Fereidun Fesharaki, the chairman of Facts Global Energy, an energy consultant, said at a conference in Kuala Lumpur yesterday. “You’re going to pay at least $12 to $...
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Jun
12

Okpo Shipyard Delivers MT ‘Almi Navigator’ (South Korea)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Almi Tankers S.A. announced that on June 10th, 2013, it assumed the management of M/T Almi Navigator, following her delivery to the owners at DSME’s Okpo Shipyard. This 157,787 DWT tanker is the eighth Suezmax of Almi’s newbuilding programme and was built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to the highest industry standards. Almi Navigator is an Ec...
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Jun
12

LNG Ship Rates Seen Unprofitable on Shorter Voyages, New Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Spot rates to ship liquefied natural gas will be unprofitable in the next two years as shorter voyages curb demand and new vessels join the fleet, according to RS Platou Economic Research.  Average rates for modern steam vessels will fall to $108,000 a day this year, $92,000 in 2014 and $69,000 in 2015, the Oslo-based shipbroker and investment bank said in an e-mailed report today....
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Jun
12

English Channel Salvage of WWll Dornier Successful

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Dornier Salvage: Photo credit UK Government The only known example of a Second World War Dornier Do 17 aircraft has been successfully lifted from Goodwin Sands by the RAF Museum team. Earlier plans to lift the Luftwaffe aircraft had been hampered by strong winds in the area, but today the RAF Museum team is hoping to be able to tow the raised aircraft – shot down off the Ke...
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Jun
12

Korea Shipyard Delivers Almi Suezmax Tankship

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Almi Navigator: Photo courtesy of Almi Tankers Almi Tankers S.A. has received 'M/T Almi Navigator', following the vessel's delivery at DSME's Okpo Shipyard., South Korea. This 157,787 dwt tanker is the eighth Suezmax of Almi's newbuilding programme and was built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to the highest industry standards. The&n...
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Jun
12

UK: ICS Publishes Guidance to Help Shipowner Safety

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The International Chamber of Shipping (ICS) has published new guidance for shipowners on how shipping companies and crews can implement an effective ‘safety culture’. The new ICS Guidelines, being distributed free of charge throughout the industry, were launched at a reception today, sponsored by ICS, for Governments attending the IMO Symposium on the Future of Ship Safety i...
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Jun
12

Thun Tankers, Furetank and Wisby Tankers Enter Marketing Alliance

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Thun Tankers, Furetank and Wisby Tankers announced in May that they have established the marketing cooperation Gothia Tankers. The purpose is to provide extended optionality to their clients with a wide range of quality ships in different sizes. “The network will combine efficient and reliable tanker management with extended optionality to our existing service,” says&nb...
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Jun
12

The Netherlands: IHC Merwede Bags CSD Orders

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
IHC Merwede announcee that it has recently secured orders to the value of €125million for a wide range of new cutter suction dredgers (CSDs) and related equipment. The latest sales agreements confirmed by the company include a new custom-built CSD and a further 12 units that will be supplied by IHC Beaver Dredgers. The contract for the custom-built CSD has been entrusted to IHC Mer...
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Jun
12

Crude Trade Shrinking Most Since Recession Seen Curbing Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
World trade in crude oil shrank the most last quarter since the global recession, leading to lower earnings for tankers and stunting the industry’s recovery, according to RS Platou Markets AS.  Global imports slumped 4 percent compared with a year earlier as shipments declined to the U.S. and China, the biggest buyers, the Oslo-based investment bank said in an e-mailed report...
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Jun
12

Seaway Heavy Lifting to Transport Gullfaks Wet Gas Compression Unit

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Seaway Heavy Lifting wins contract for transport and installation of Statoil’s Gullfaks Wet Gas Compression unit. Seaway Heavy Lifting has been awarded a heavy lift contract from Subsea 7. This contract is part of Subsea 7’s main contract with Statoil for the Gullfaks Subsea Compression Project in Norway. Seaway Heavy Lifting’s scope includes Transport & Installati...
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Jun
12

China: Avic Dingheng Shipyard to Build LNG Bunkering Tanker for Jahre Marin

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Norway based Jahre Marine AS has inked a contract with Avic Dingheng Shipyard for building of an LNG bunkering tanker with a capacity of 6200 cbm, SinoShip reports. “Avic Dingheng Shipyard has long experience and knowledge in building LNG, LPG and Ethylen carriers as well as product and chemical carriers, ”  theShipyard’s Spokesman Ni Zhimin stated. The ...
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Jun
12

Brazil’s iron ore exports up 16.4% in May over April

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Brazil's iron ore export volume amounted to 27.2 million mt in May this year, increasing 16.4 percent compared to April and up by 1.4 percent compared to the same month of 2012, according to the preliminary information released by the Brazilian Ministry of Development, Industry and Foreign Trade. Brazil's iron ore export value in May was also up 16.4 percent compared to the prev...
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Jun
12

India allows re-export of imported products to Iran

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
India has allowed export of imported products to sanction-hit Iran under the rupee payment mechanism provided 15 per cent value- addition takes place in the country. The move is aimed at fuller utilisation of the rupee payments accumulated in India’s UCO Bank for oil purchased from Iran. “Exports of such goods to Iran, which have been imported against payment in freely conve...
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Jun
11

Diana Containerships Extends Charter Contract for MV Centaurus

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that it has agreed to extend the present time charter contract with CMA CGM S.A., Marseille, France, for its Panamax container vessel, the m/v Centaurus for a period of minimum six (6) months to maximum ten (10) months. The gross charter rate remains US$7,500 per day...
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Jun
11

Samsung Heavy to Build Eighth Drillship for Ensco

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ensco plc has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, will be the eighth Samsung DP3 drillship in the Ensco fleet, further extending the benefits of Ensco’s fleet standardization strategy. It will be built at the Samsung Heavy Industries, Co. Ltd. (SHI) shipyard in South Korea, with ...
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Jun
11

Cargill Takes Delivery of the Ardmore Seaventure

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ardmore Seaventure (Photo: Ardmore Shippin) Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement. The Ardmore Seaventure is a 49,999 deadweight ton (dwt) IMO 3 product and chemical tanker and the second vessel to be deli...
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Jun
11

ICS meets in Oslo

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The International Chamber of Shipping (ICS) held its Annual General Meeting in Oslo from 5-7 June at the Norwegian Shipowners’ Association (NSA). (The ICS AGM was preceded by a Summit with Ministers from various governments jointly hosted by the Norwegian Ministry of Trade and Industry, NSA and ICS, which focused on Arctic shipping issues - see separate press release). National sh...
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Jun
11

Outlook for Capesizes looks grim, despite falling iron ore prices

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Things aren't looking all that rosy for the dry bulk market, despite a stronger volume of iron ore imports during the months of March and April, as freight rates haven't had that necessary push to jumpstart. According to the latest monthly report from shipbroker Intermodal, "this has been reflected in the continuous drop in price for the commodity which was on an almost fre...
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Jun
11

Cascading tonnage floods Asia-ECSA market

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ocean carriers’ plans to get rid of surplus 8,000 teu vessels by dumping them into the tradelane between Asia and the East Coast South America appears to have seriously backfired, and painted them into a corner. The recent launching of MSC’s new Ipanema service in the middle of April, and the subsequent announcement of the deployment of much bigger 8,000 teu vessels by other...
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Jun
11

Harvey Gulf to Build America’s First LNG Bunkering Facilities

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Harvey Gulf International Marine CEO, Shane Guidry, announced that Harvey Gulf has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, La. The fueling facility will be a vital addition to the growing national LNG supply infrastructure, supporting critical operations of the oil and ga...
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Jun
11

UK: Deep Water Container Terminal Liverpool2 Launched

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Over 300 industry guests gathered at the Port of Liverpool recently (Thursday, June 6th) to toast the launch of Peel Ports’ landmark deep water container terminal Liverpool2. Sir Bobby Charlton and ‘King’ Kenny Dalglish pushed the button on the start of dredging and launched a dazzling display of fireworks over the site of the new terminal in the Mersey. The two footba...
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Jun
11

Norway: Kongsberg Maritime AutoChief Propulsion System Officially Available

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The next generation of AutoChief propulsion control systems from Kongsberg Maritime is now officially available. The new AutoChief 600 (AC 600) is suitable for all 2 and 4 stroke engines, for both fixed and controllable pitch propeller. It features new touch screen operation based on the Kongsberg Maritime standardised Human Machine Interface (HMI). The touch screen interface for AC 600...
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Jun
11

Kentz Bags Contract for Ichthys LNG Project in Australia

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, today announced the award of an AUD$104m (approx. US$100m) largely reimbursable contract for the underground electrical and instrumentation package for the Ichthys LNG Project in Darwin, Australia. Leighton Contractors has awarded this contract to work in alliance with Kentz’s Construct...
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Jun
11

Ardmore Shipping Takes Delivery of New IMO 3 Tanker from Korean Shipyard

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement. The Ardmore Seaventure is a 49,999 deadweight tonnes (dwt) IMO 3 product and chemical tanker and the second vessel to be delivered to Ardmore Shipping from a series of f...
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Jun
11

DMCA Inks MoU with Maritime and Port Authority of Singapore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Dubai Maritime City Authority (DMCA) has announced that it has recently signed a Memorandum of Understanding (MoU) on maritime cooperation with the Maritime and Port Authority of Singapore (MPA), the government authority behind Singapore’s port and maritime development. Under the MoU, DMCA and MPA will explore possible areas of collaboration in planning and regulation of marinas a...
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Jun
11

Atlantic Offshore Places Order for New Field Support Vessel

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Atlantic Offshore has ordered a new vessel valued EUR 25 million from the Spanish shipyard Zamakona Yards in Bilbao. The ship is the ninth newbuilding and the company expects that there will be more new vessel in the fleet over the next few years. This is the third time the Bilbao based shipyard constructs vessels for Atlantic Offshore. The contract is part of a modernisation program. T...
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Jun
11

Harvey Gulf to Build First LNG Bunkering Facility in America

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Harvey Gulf International Marine CEO, Shane Guidry, announced today that Harvey Gulf has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, Louisiana. The fueling facility will be a vital addition to the growing national LNG supply infrastructure, supporting critical operations of the ...
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Jun
11

TEN Announces New Two-Year Employment for Two Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Tsakos Energy Navigation Limited today announced two-year plus one year fixtures at charterers option with minimum rate provisions, for two MR product tankers to a major international end-user. The new charters should generate gross revenues of $22.0 million, excluding potential gains over the minimum rates that can apply in the second year and optional year. The total gross revenue to ...
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Jun
11

April 2013 Sea Container Counts Are Still Contracting

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Written by Steven Hansen For the second month in a row, both import and export container counts are contracting year-over-year – comparing same months in 2012 and 2013. Economically intuitive imports however are “less bad” (but are still growing year-to-date); exports are also “less bad” in April but continues to contract year-to-date. For the month ...
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Jun
11

MSC Offers Direct Houston-Brazil Container Service

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Mediterranean Shipping Company (MSC) container ships link Brazilian ports with the Port of Houston. The new service brings together the resources of one of the world's largest commercial shipping companies with Brazil's leading trading partner in containerized cargo -- the Port of Houston Authority – which has held the top trading spot since 2010. The new service calls at ...
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Jun
10

TOTE's New LNG Containership Design Wins Recognition

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 TOTE, Inc. became the first U.S. company to take home the 'Next Generation Shipping' award at the recent Nor-Shipping 2013 expo. The Nor-Shipping 2013 Awards recognize achievement in three different but very important areas – energy efficiency, innovative ship design and young entrepreneurship. With a focus on innovation, the Next Generation Ship Award honors the most...
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Jun
10

Finland's Bore to Install ClassNK Efficiency Software

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Shipping company Bore Ltd. to install ClassNK-NAPA GREEN ship efficiency software aboard their 13,625 dwt Ro-Ro vessel 'M/V Bore Song'. This announcement follows on from sea trials last year aboard sister ship M/V Bore Sea which proved that NAPA operational software had led to a 5.8% reduction in fuel consumption. The ClassNK-NAPA GREEN software system is a joint development bet...
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Jun
10

Ultramaxes: Pushing the Boundaries

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Ship designers have steadily tried to push boundaries over the last decade. During the bulk boom, efforts concentrated on maximising the cargo capacity of the standard ship-sizes to enable owners to efficiently capitalise on Chinese-led commodities demand. More recently, attention has increasingly focused on engine efficiency. The result has been gradual evolution of vessel designs, whi...
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Jun
10

Eco ships growing in numbers, could undermine value of older ships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A lot of debate has gone over the past couple of years on the economics and benefits behind the Eco ship, i.e. new design vessels that are -- allegedly -- offering huge advantages when it comes to consuming less bunker fuels. The controversy lies in the fact that claims of fuel economy made by various shipyards are proving -- so far -- difficult to prove. In any case, an Eco ship comes ...
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Jun
10

EU maritime law: The external dimension

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The external dimension of the EU’s maritime policy was important from the outset. Given Europe’s geographical position and the importance of maritime transport to its external trade, it could hardly be otherwise. The exposure of European flagged or manned fleets to lower cost competition from many third countries was a constant concern and while the structural decline of the...
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Jun
10

Denmark Signs Cooperation Agreement with Brazil

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On 7 June 2013, Denmark signed a cooperation agreement with Brazil strengthening cooperation in the field of maritime training and education. Director General of the Danish Maritime Authority Andreas Nordsethsays: “I am very satisfied with the agreement, which strengthens cooperation between Denmark and Brazil. We have much to learn from each other and I am convinced that the...
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Jun
10

Norway: DNV Discusses Its Expansion in Dubai with Drydocks World CEO

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drydocks World and Maritime World, the well-established international maritime service provider, yesterday announced that Chairman H.E. Khamis Juma Buamim held discussions with DNV Group Chief Executive Officer, Henrik O. Madsen at DNV headquarter in Oslo, Norway. The discussions revolved around next-generation shipping, DNV’s expansion in Dubai and the region, new business platfo...
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Jun
10

'Missing Link' LNG Bunker Barge Unveiled

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  NLI Solutions (NLI) has developed a concept for a LNG Bunker Barge (often described as the 'missing link' in prospective LNG bunkering plans) based on the NLI LNG tank design. The concept has been further developed in a design study together with the Marine division of Rolls-Royce and Wilhelmsen Technical Solutions (WTS). LNG is among the cleanest and most cost effici...
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Jun
10

North Sea Tankers Receives Additional Tonnage in NST’s V6 Pool

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
North Sea Tankers announced that M/T Minitank 5 will join its fleet. The vessel will be added to NST’s V6 pool concept whereas the size criteria for Marine Line coated tonnage with high capacity Nitrogen Generators will be altered to 5,500mt to 8,000 mt DWs. NST’s fleet consist of 19 chemical vessels with nine (9) trading in the pool concept with shared revenue distribution....
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Jun
10

HBC Orders Deltamarine Designed Bulk Carriers from Qingshan Shipyard (China

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
HBC has placed an ordered for 3 bulk carriers with an option of further 9 bulk carriers of an extremely economical design at Qingshan Shipyard. Two and a half years of work were invested into this project to build up to 12 bulk carriers of about 43.500 mt dw at of which the first delivery is  presently expected for the last quarter of 2014. The design is a modification of a standar...
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Jun
10

Costa Concordia: Platform No 2 Installed on Giglio Island (Italy)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Platform No 2 of the Parbuckling Project, i.e. rotating the wreck of Costa Concordia into a vertical position, has been installed on the Giglio island, the official site of the Project revealed. It is the fifth of six subsea platforms that will provide a safe supporting structure for the wreck. The platform, which was built at the Rosetti shipyard in Marina di Ravenna, weighs about 1,00...
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Jun
10

UK: Seajacks Enters Contract for Largest OW Installation Vessel Ever

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Seajacks International has entered into a contract with Samsung Heavy Industries to build the world’s largest and most advanced offshore wind farm installation vessel. The vessel has been specifically designed to meet the demands associated with working UK Round 3, Scottish territorial waters and the other North West European markets. Seajacks also has options for the construction...
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Jun
10

Inland Waterway Safety Advancement: Port of Pittsburgh & CONSUL Join Hands

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Waterway Operations: Photo courtesy of CONSOL CONSOL Energy & Port of Pittsburgh unveil a state-of-the art broadband network designed to Improve efficiency & safety on Inland waterways. Aboard its newly refurbished river fleet vessel, the M/V Safety Pledge, CONSOL Energy Inc. and the Port of Pittsburgh Commission have unveiled the first wireless broadband network deployed ...
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Jun
10

Iran to establish 15 new oil terminals in southern port

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The private sector in Iran will invest some 460 billion rials (about $38 million) to establish 15 oil terminals in the southern Shahid Rajaee port, Iran’s Ports and Maritime Organization (PMO) official Ali Estiri said.   The overall progress of the work has reached 80 percent so far, IRNA quoted Estiri as saying on Saturday.  In May, IRIB quoted PMO head Ataollah Sadr as...
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Jun
10

Kosmos Energy Hires Newbuild Drillship ‘Atwood Achiever’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Kosmos Energy Ltd. (Kosmos) has signed a long-term rig agreement with a subsidiary of Atwood Oceanics, Inc. for the new build drillship Atwood Achiever. Currently under construction in South Korea, the rig is scheduled for completion in June of 2014 and expected to commence drilling operations in the second half of 2014. The Atwood Achiever is a 6th generation ultra-deepwater, dynamical...
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Jun
7

Norway: Marin Teknik Inks Contract for DSCV Design

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Marin Teknikk AS has entered into a contract with China Merchants Heavy Industry (Shenzhen) Co. Ltd., for design & engineering delivery of a large Diving & Construction Vessel to Kreuz Subsea Marine Pte Ltd. in Singapore. The vessel will be to the MT6024 DSCV design with an 18 men double diving bell saturation system for operations down to 300 meters. MT6024 DSCV is an advanced ...
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Jun
7

Ulstein Develops OCV Vessel Design for Deeper and Colder Waters

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Advancement in technology is permitting the offshore oil and gas industry to move into progressively deeper and colder waters in remote locations. ULSTEIN supports this development by providing products and solutions that contribute to safer, smarter and greener operations. A case in point is the versatile and flexible OCV/subsea vessel design SX121, which ULSTEIN is currently building ...
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Jun
7

ICS Meets with Ministers to Discuss Arctic Shipping (Norway)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At a Summit in Oslo on 5 June, Board Members of the International Chamber of Shipping (ICS) met with Ministers from major shipping nations and the Secretary General of the International Maritime Organization (IMO) to discuss Arctic Shipping. The Oslo 2013 Maritime Summit, coordinated by the Norwegian Government and attended by Ministers and senior officials from Greece, Japan, Norway, R...
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Jun
7

Distress Equipment: What to Use in an Emergency

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Distress equipment such as pyrotechnic flares must be carried on all seagoing and most non-seagoing commercial vessels as well as all pleasure vessels of 13.7 meters in length and over. They are to be used in an emergency to signal that a vessel is in distress and that it needs immediate assistance.  The Maritime and Coastguard Agency (MCA) is aware of the development and marketing...
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Jun
7

GAIL, SCI Signs MOU on LNG Transportation (USA)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
GAIL (India) Limited and the Shipping of Corporation India Limited (SCI) yesterday signed a Memorandum of Understanding (MOU) to cooperate for transportation of LNG sourced by GAIL from USA. The MoU was signed in the presence of Shri B.C. Tripathi, Chairman & Managing Director, GAIL and Shri B.K. Mandal, Chairman & Managing Director and Director (Finance), SCI. Other senior offi...
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Jun
7

ISO Technical Specification of LNG Bunkering Published

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The long awaited ISO Technical Specification of LNG bunkering was published yesterday on the OGP website for review. The document have been developed by an international committee of experts with representatives from classifications societies, LNG suppliers, flag states, equipment suppliers, shipping companies etc. Johan Algell of White Smoke Consulting has represented Sweden in the com...
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Jun
7

Norway: DNV to Demonstrate Potential of Sesam SurveySimulator (VIDEO)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
DNV’s training simulator is designed to demonstrate thousands of potential vessel defects with real life accuracy, and it is now available on laptop with special training programmes developed to suit inspectors, seafarers and technical managers. The potential of Sesam SurveySimulator will be demonstrated in DNV’s 2013 Fire Safety Awareness Campaign. The Sesam SurveySimulator...
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Jun
7

Nor-Shipping: Ocean Industries Idea Takes Off

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Ocean Industries concept has been firmly in the spotlight during Nor-Shipping 2013 as Norway’s top three industries came together to attract young talent and share technological know-how. Norway’s importance to world shipping, in part due to the completeness of its maritime cluster, is well known. Less well known is that these industries belong to a wider cluster known a...
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Jun
7

Nor-Shipping 2013: What’s Next for Shipping?

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
As top executives from world-leading companies addressed “What’s Next?” for the shipping industry – the heart of the global economy – they looked to its ability to innovate and adapt. With some 1,000 people turning up for Nor-Shipping’s Opening Conference on June 4, some had to be moved to another room where the conference was broadcast simultaneously...
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Jun
7

Somali Pirates Foiled in Dhow Hi-jack Attempt

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  14 Indian seafarers are now safe, after pirates, who took control of their cargo vessel were hounded away by a EUNACFOR warship. The incident ocurred in the Gulf of Aden and involved the EU Naval Force warship HSwMS Carlskrona, together with NATO counter piracy Dutch warship HNLMS Van Speijk, This type of cargo vessel, known as a dhow, has been used in the past by pirate...
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Jun
7

Port of LA: Huge Capital Investment Program Approved

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 The Harbor Commissioner's Fiscal 2013-14 Budget Includes $399.9-million capital expenditure to improve cargo flow and dfficiency. The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles, including one of the largest annual Capital Improvement Programs -- $399.9 million or 37% of the total budget -...
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Jun
7

OSV Attacked by Pirates Off Nigeria

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Offshore supply vessel Bourbon Arethuse, belonging to French company Bourbon, was attacked by pirates on Tuesday night, offshore Nigeria, IMB Piracy Reporting Centre informed. Pirates boarded the OSV which was on standby duties on the Usari field, Nigeria.“Seeing the pirates the crew raised the alarm, retreated into the citadel, alerted other vessels and shore based office by VHF ...
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Jun
7

Bergen Group Christens Fjord Line’s New Cruise Ferry (Norway)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The first of Fjord Line’s two new cruise ferries was christened on Thursday at Bergen Group Fosen’s Rissa shipyard in Sør-Trøndelag county. The ship’s godmother Janne Johnsen, mayor of Rogaland county, christened the new vessel MS Stavangerfjord. “Our finest dreams have come true,” said Fjord Line’s CEO Ingvald Fardal ...
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Jun
7

Teekay LNG Enters Charter Contracts for Its Two Newbuildings

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Teekay LNG Partners L.P. today announced that it has entered into two, five-year time-charter contracts with Cheniere Marketing, LLC (Cheniere) to provide them with Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December 2012. The newbuildings are...
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Jun
6

DNV: Before and After Data Convincing for Containership Nose Replacement

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
DNV has gathered before and after operational-performance data which indicate that redesigning the bulbous bow of slow-steaming container ships can produce fuel savings of 5 per cent or above. These ‘nose jobs’ can have a payback time of less than a year. Hyundai Merchant Marine (HMM) operates a series of 8,600 TEU container vessels which were designed and built for high spe...
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Jun
6

Four Super-Post-Panamax Cranes Arrive at Port of Savannah

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  Four massive new ship-to-shore cranes arrived at Georgia Ports Authority’s Garden City Terminal today, bringing the total number of electric-powered container cranes to 25 – the most of any single terminal in the U.S.  “These new super-post Panamax cranes further enhance the cargo handling efficiency at the fourth-busiest container terminal in the nati...
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Jun
6

Greek Shippers Continue to Invest in Newbuildings

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Greek shipowners continue with their shopping spree when it comes to ordering newbuild vessels. Namely, Greek shippers have ordered 11 vessels with an estimated price of $390.5 million, according to International Shipbroking Company Golden Destiny. The first on the list to add new vessels is Consolidated Marine Management Inc., which has entered into a shipbuilding contract with Hyundai...
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Jun
6

Tankship Overcapacity Blights the Market

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
With seasonally weak demand in the second quarter, the short-term view for freight rates does not look positive finds Drewry. Global oil demand declined by 1.0% in the first quarter of the year to 89.9 million bpd, although some recovery in demand is likely in the second half of the year based on seasonal demand, which will push overall tonnage demand higher by 2% in 2013. This will be ...
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Jun
6

ECSSR: The Challenges of Piracy in Gulf of Aden and Arabian Sea

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Emirates Center for Strategic Studies and Research (ECSSR) launched a symposium on the 4th of June 2013, under the title The Challenges of Piracy in the Gulf of Aden and the Arabian Sea. It was organized in collaboration with the Yemen International Affairs Center (YIAC). The symposium has been attended by a number of diplomats, strategic experts, specialists in International Mariti...
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Jun
6

GL Presents New Vessel Design Concept at Nor-Shipping (Norway)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The importance of Intra-Asian trade routes continues to grow as the region’s economies continue to expand. Asian container traffic, in particular, is projected to be the fastest growing sector in the world for the next several years. In response to this Germanischer Lloyd (GL) has developed a novel container vessel design concept for this region: the C-Dragon concept. GL unveiled ...
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Jun
6

LPG shipping gathers pace, prospects look bright

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In what have been a sizzling few months, the LPG shipping market has managed to get out into the spotlight and gather some of the "fame" usually enjoyed by the more traditional shipping markets, like the dry bulk and the tanker ones. But, as it turns out, there's money to be made – and a lot of it for that matter – in the steadily increasing LPG sector, which o...
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Jun
6

Tankers: Overcapacity still plagues the market

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Drewry’s latest Tanker Forecaster shows a market still blighted by surplus capacity. With seasonally weak demand in the second quarter, the short-term view for freight rates does not look positive. Global oil demand declined by 1.0% in the first quarter of the year to 89.9 million bpd, although some recovery in demand is likely in the second half of the year based on seasonal dema...
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Jun
6

DNV Committed to Enhancing Lifeboat Safety

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
DNV is taking lifeboat safety one step further. The company claims that maritime lifeboat safety will be enhanced by transferring offshore lifeboat design practices to ships. The shortcomings of existing free fall lifeboat designs were revealed in a number of incidents related to structural safety, human loads and headway back in 2005. A joint industry project was initiated by OLF (the ...
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Jun
6

Epic Shipping Orders Two LPG Carriers from Japan

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Epic Shipping announced today that it has contracted to build two 3,500cbm fully-pressurised LPG carriers. The vessels will be built by Kitanihon Shipbuilding Co., Ltd. in Japan to be delivered in mid-2014. “We look very much forward to working with Kitanihon Shipbuilding on this project. The newbuildings Epic has now contracted will allow us to selectively replace the older tonna...
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Jun
6

Dry-Bulk Shipping Rates Decline as Panamax Fleet Seen Swelling

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates to ship dry bulk commodities including coal and iron ore extended a decline to the lowest level in three months amid a surplus of ships. The Baltic Dry Index slid 0.5 percent to 801 points, its 19th straight drop and the lowest since March 4, according to the Baltic Exchange, a London-based publisher of freight rates. The biggest change in rates was for Panamax ships, each able to...
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Jun
6

Northern Sea Route 2013 Queue Longest Yet

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  The Northern Sea Route administration has so far given 54 vessels permission to sail the route in 2013. This year’s sailing season on the Northern Sea Route between Europe and Russia will probably be the busiest one ever. The first vessels to take the Arctic shortcut this summer will leave Murmansk at the end of June. The Northern Sea Route Administration has so far rec...
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Jun
6

Alfa Laval Briefing on Energy Saving

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  As ship owners and operators continue to be pinched by high fuel prices, Alfa Laval says it is raising the bar when it comes to solutions. Drawing on the industry’s broadest portfolio of equipment and knowledge, Alfa Laval is taking a comprehensive approach that promises sweeping advances in energy efficiency. Today’s marine industry is placing greater emphasis on...
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Jun
6

Wärtsilä to Provide Design of Large HCV for Subsea 7

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Wärtsilä, the marine industry’s leading solutions and services provider, has been contracted to provide the design for a large heavy construction vessel (HCV). The ship is to be built for Subsea 7 S.A., the seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide, by Hyundai Heavy Industries (HHI) in South Korea. HHI ...
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Jun
6

Jaya Enters Long Term Charter Contracts for Three PSVs

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Leading offshore energy services provider, Jaya Holdings Limited, announced that the Group has signed contracts for three of its four new build platform supply vessels (PSVs) well ahead of their delivery dates from the shipyard. The total value of these three contracts is more than US$60 million, including optional extension periods. Jaya’s first high specification PSV “Jaya...
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Jun
5

CMA CGM ‘Jules Verne’ Inaugurated in Marseille, France

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
THE CMA CGM JULES VERNE, the world’s largest containership (16,000 twenty-foot equivalent units), and sailing under the French flag was officially inaugurated yesterday by French President François Hollande in Marseille, on the 4th of June. Arrived on the 3rd of June at Marseille for an exceptional call, the CMA CGM JULES VERNE was welcomed by thousands of local people and ...
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Jun
5

ABS Releases Ship Energy Efficiency Measures Advisory

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
ABS, a leading provider of maritime classification services, has released the ABS Ship Energy Efficiency Measures Advisory to provide guidance on the wide range of options available to improve vessel efficiency, reduce fuel consumption and lower emissions. The Advisory assists owners, operators and other stakeholders in conducting the techno-economic analysis needed to meet the challeng...
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Jun
5

Kongsberg Maritime Releases Next Generation of AutoChief Propulsion Control

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The next generation of AutoChief propulsion control systems from Kongsberg Maritime is now officially available. The new AutoChief 600 (AC 600) is suitable for all 2 and 4 stroke engines, for both fixed and controllable pitch propeller. It features new touch screen operation based on the Kongsberg Maritime standardised Human Machine Interface (HMI). The touch screen interface for AC 600...
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Jun
5

GE to Power Up Two Hornbeck Offshore’s MPSVs

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
GE’s Power Conversion business announced today it has been awarded a contract by the Eastern Shipbuilding Group in Panama City, Fla., to supply integrated diesel-electric power, propulsion and vessel control systems for two multipurpose supply vessels (MPSVs) with installed horsepower of 12,070 BHP (9,000 kW). Eastern will build the MPSVs for Hornbeck Offshore Services of Covingto...
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Jun
5

Ship Rates Rally Seen in Chinese Drive for Cleaner Coal

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates for the biggest coal carriers are poised to rebound from their worst-ever start to a year as China’s drive for cleaner coal doubles voyage distances, easing a record glut of shipping capacity. China, the largest importer of the fuel, plans to buy coal with less sulfur and a higher heating value, a draft law obtained by Bloomberg News shows. That will mean fewer imports from ...
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Jun
5

Marlink Provides Data Communication Services for Van Oord’s Rock Placement

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
International Dredging and Offshore Contractor Van Oord has chosen Sealink customised VSAT from Marlink to provide data communication services for three offshore rock placement vessels. The five year contract covers Marlink’s provision of end-to-end services and includes facility to provide ad-hoc coverage should the vessels be operating in extreme remote areas. The Sealink Servic...
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Jun
5

Belships Enters Shipbuilding Contract for Two Supramaxes

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Belships ASA announced that it has placed order for two newbuilding contracts for fuel efficient Supramax bulk carriers from Imabari Shipbuilding Co. Ltd. The design provided by the shipyard represents the future Eco design Supramax bulk carriers with the latest technology available both in terms of fuel efficiency and low emissions. The vessels will be delivered during the second half ...
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Jun
5

Rolls-Royce LNG Engine Conversion for Bergen Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 Rolls-Royce has won a contract to convert the tankship 'Bergen Viking' to run on engines powered by natural gas, replacing the current diesel engines.  Rolls-Royce Plc has won a contract to convert the merchant ship Bergen Viking to run on engines powered by natural gas, replacing the current diesel engines. The Norwegian ship owner Bergen Tankers AS has chosen gas en...
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Jun
5

NLI Develops Concept for LNG Bunker Barge Based on New Tank Design

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Offshore oil and gas engineering specialist NLI Solutions (NLI) has developed a concept for a LNG Bunker Barge based on the NLI LNG tank design. The concept has been further developed in a design study together with the Marine division of Rolls-Royce and Wilhelmsen Technical Solutions (WTS). LNG as is the cleanest commercial available fuel for ships today. The movement towards LNG is ra...
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Jun
5

Deltamarin’s B.Delta Nominated for Nor-Shipping Next Generation Ship Award

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The B.Delta bulk carrier design developed by Deltamarin was one of the four nominees for the Next Generation Ship prize awarded by an independent jury set up by Nor-Shipping exhibition and conference organisers. Deltamarin’s B.Delta bulk carrier is an innovative ship design which represents the most optimum solution for ship owners and shipyards, combining maximized earnings with ...
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Jun
5

Newbuilding orders keep on heighted pace

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
One could very well wonder what could happen if ample ship financing was available, since ship owners' appetite for newbuildings appears to be the largest since the days of 2008. Clarkson Hellas said in its latest report that the past week also ended with a notable number of ordering across the key sectors. "Having been signed early last week, it has come to light in the past f...
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Jun
5

"Drewry: Top Three Muscle Out Others"

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Maersk Line, MSC and CMA CGM now have such big economies of scale in the transpacific that they can ride out the current eastbound freight rate war more comfortably than the rest of the pack, should they choose to do so. Recent vessel deployment in the transpacific by Maersk Line, MSC, and CMA CGM suggests a clear focus on economies of scale. Instead of trying to be ‘all things to...
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Jun
5

ECO-Ships’ Benefits Large Enough to Justify Orders beyond Expected

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
At a press conference at Nor-Shipping 2013, classification society Germanischer Lloyd (GL) said that the trend toward building and operating so called ECO-Ships, or highly energy efficient vessels, was irreversible, given the potential cost savings for the maritime industry. The rise of the ECO-Ship has been questioned, with some suggesting that this focus on efficiency would fade if bu...
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Jun
5

New Version of Wärtsilä 34DF Engine Launched

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Wärtsilä, the marine industry’s leading solutions and services provider, has further developed its dual-fuel technology and introduced a more powerful version of its popular Wärtsilä 34DF engine. The Wärtsilä 34DF engine has proven to be a highly efficient and reliable solution for a wide range of vessel applications. The latest version is expected to...
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Jun
5

China: Weifang Plans USD 1.6 Billion Worth Port Expansion

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Weifang Port is planning an expansion of its capacity with an investment worth approximately USD 1.6 Billion, reports SinoShip News Portal. The plan is to build thirteen 5000- ton class berths and at least nineteen 20,000- ton class berths in the next three years. Speaking in the long-term, Weifang Port intends to raise its capacity to handle over 50 million metric tons (MT) of cargo pe...
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Jun
4

DNV: New Research Concept for Tracking Plastic Debris in the Ocean

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
DNV and WWF have announced ideas on how to develop a research concept vessel that can address the seemingly intractable problems associated with cleaning up the plastic debris that is accumulating in the world’s ocean gyres. The pathways and degradation processes of plastic in the ocean are still largely unknown, and to enable efficient clean-up these knowledge gaps need to be fil...
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Jun
4

Maersk Participates in Energy Saving Research Project

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A new research project aims to reduce the energy consumption of container ships by 10-20 percent. This will result in considerable environmental and economic benefits. The Danish National Advanced Technology Foundation (Højteknologifonden) has just invested DKK 5 million in a project which is a collaboration between MAN Diesel & Turbo, Maersk Line and DTU Mekanik (The Technic...
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Jun
4

Oceanex Launches Massive Canadian Con/Ro Vessel

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
   A con/ro ship, said to be Canada’s largest, was launched in Flensburg, Germany on Friday, May 31.  Representatives from Oceanex Inc., were in attendance for the naming ceremony and launch of its newly constructed, custom-designed 210 meter con/ro vessel. Following the launch, the vessel was hauled to the fitting out quay, where the final details including the brid...
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Jun
4

Harvey Gulf Options for Sixth TY Offshore Dual Fuel Vessel

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
TY Offshore announced that Harvey Gulf International Marine has ordered the construction of an additional TY Offshore built 302’ x 64’ Dual Fuel Offshore Supply Vessel, bringing its total order to six. The order, and subsequent delivery, positions Harvey Gulf as the largest owner/operator of clean burning LNG Offshore Support Vessels in the world. TY Offshore is building all ...
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Jun
4

ICS Points to Shipping's Economic Challenges at OECD Meeting

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The International Chamber of Shipping (ICS) explained the serious economic challenges presently confronting shipping to 50 transport ministers. ICS explained its position on the financing of sustainable maritime transport at this year’sOrganisation for Economic Co-operation and Development (OECD) International Transport Forum in Leipzig. Speaking on behalf of ICS, Stena CEO Ca...
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Jun
4

Port of L.A Aims to Improve Energy Efficiency

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Port of Los Angeles officials announced the development of its Energy Management Action Plan (E-MAP) initiative designed to improve energy efficiency at America’s busiest container port. Included in the plan will be the nation’s largest port energy assessment. The E-MAP, unveiled during an energy workshop with representatives of the Port, the Los Angeles Department of Water ...
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Jun
4

U.S. Gulf Oil-Tanker Rates Seen Buoyed as Bigger Ships Increase

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Rates for Aframax tankers shipping 70,000 metric tons of oil to U.S. Gulf refineries may be buoyed this week by an increase in the number of larger crude carriers approaching the region, shipbroker Charles R. Weber said.  The ships earned an average of about $20,000 a day last month, more than double what they are making in Europe, Greenwich, Connecticut-based Charles R. Weber said...
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Jun
4

Freight Trader Offers Subsidized Coal Shipping Amid Biggest Glut

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
A freight trader operating more than 40 vessels offered to subsidize the cost of delivering coal to Europe as the biggest glut of Panamax-class ships for at least two decades drives down rates for the carriers globally.  GMI Resources UK LLC will contribute $2,000 a day to take about 74,000 metric tons of Australian or Indonesian coal to buyers in the Atlantic region, Steve Rodley,...
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Jun
4

EU Marine Strategy Includes LNG Refuelling Infrastructure

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
On 13 May, the European Commission (EC) adopted an Action Plan to revitalise the marine and maritime economy in the Atlantic Ocean Area. The Plan intends to show how the EU’s Atlantic Member States (Ireland, France, Portugal, Spain and the United Kingdom), their regions and the Commission can help delivering growth, reducing the Atlantic area’s carbon footprint, ensuring sus...
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Jun
4

INPEX Orders Two Vessels for Ichthys LNG Project’s Offtake and Delivery Ser

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
INPEX Corporation (INPEX) announced shipbuilding and shipping contracts for two new vessels which will offtake and deliver LNG from the Ichthys LNG Project offshore Western Australia to Japan and Taiwan. Through its wholly owned subsidiary INPEX Shipping Co., Ltd. (‘INPEX Shipping’), one LNG vessel will be jointly owned with Kawasaki Kisen Kaisha, Ltd. (‘”K&rdquo...
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Jun
4

RINA and RS Join Forces on Yachts and Ice Class

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
RINA Group’s certification company, RINA Services (RINA), and the Russian Maritime Register of Shipping (RS) have agreed to co-operate on specific projects where each society has complementary strengths. Initially co-operation will focus on yachts and ice class where they have specific strength and expertise. RINA will use its expertise with yachts, pleasure craft and passenger ve...
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Jun
4

LNG 'Pea Pod' Carrier Order for MHI

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  Mitsubishi Heavy Industries to build a 7th pea-pod superstructure shape "Sayaendo" LNG carrier for a "K" Line/INPEX subsidiary joint venture. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull, resulting in significantly improved fuel consumption and maintainability. The order was placed with MHI by Ocean...
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Jun
4

Licence Partners of Gullfaks and Oseberg Acquire Two Cat-J Rigs (Norway)

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The licence partners of Gullfaks and Oseberg Area Unit have acquired two new category J jack-up rigs. The rigs will be owned by the licenses and will contribute to increased recovery and extended field life. Samsung Heavy Industries Co. Ltd. and Operator KCA Deutag Drilling Norway AS have been awarded the contracts for construction and operation of two category J rigs. Start of operatio...
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Jun
4

IMR Vessel ‘Seven Viking’ Is ‘Ship of the Year 2013’

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The next generation Inspection, Maintenance and Repair (IMR) vessel ‘Seven Viking’, designed and built by ULSTEIN, was announced ‘Ship of the Year 2013’ by the maritime magazine ‘Skipsrevyen’ at Nor-Shipping on 4 June 2013. “This award is testimony to the result of the collective efforts of Eidesvik, Subsea 7 and ULSTEIN, and a great inspiration...
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Jun
4

Shipping Faces Half Trillion Dollar Environment Costs, Says ICS Chairman at

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Speaking to delegates at the opening of the Nor-Shipping event in Oslo today, the Chairman of the International Chamber of Shipping (ICS), Masamichi Morooka, said that impending new legislation to protect the environment potentially presented an additional industry-wide cost of more than half a trillion US dollars between 2015 and 2025. This is around 50 billion dollars of additional ca...
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Jun
4

International Awards for Vessels with Voith Schneider Propellers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
 Earlier this year, offshore shipping industry representatives from 45 countries met at the Offshore Support Journal Conference in London. The conference highlight was the presentation of the international awards. This year, two awards were won by vessels equipped with the exceptionally fuel-efficient and environmentally-friendly Voith Schneider Propellers (VSP): the A2SEA wind turb...
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Jun
3

New Technology Wine in Old Containerships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  The Danish National Advanced Technology Foundation (Højteknologifonden) has invested in a project collaboration aimed to reduce older container ship energy comsumption by 10-20%. The collaborators in the project are MAN Diesel & Turbo, Maersk Line and DTU Mekanik (The Technical University of Denmark's Mechanical Technology Department).   The collabora...
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Jun
3

CMA CGM Release First Quarter 2013 Results

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  The Board of Directors of France’s CMA CGM, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the three months ended March 31, 2013. Consolidated revenue rose by six percent in the period, to $3.8 billion from $3.6 billion in the first three months of 2012. The increase resulted from thre...
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Jun
3

Shipping Lanes Re-routed off California Coast

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Effective June 1, 2013, West Coast shipping lanes are being adjusted to protect endangered whales, & OceanGrafix's new charts incorporate those changes. OceanGrafix, the first and only company to offer NOAA print-on-demand nautical charts, today announced the availability of updated nautical charts that reflect imminent changes to shipping lanes. Effective June 1, 2013, the Inter...
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Jun
3

APT Contracts NASSCO to Build Four Tankers

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  American Shipbuilder General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, announced that it has entered into a contract with an affiliate of American Petroleum Tankers (APT), a company majority owned by funds managed by Blackstone on behalf of its investors, for the design and construction of four 50,000 deadweight ton LNG-conversion-ready product carriers ...
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Jun
3

Bureau Veritas Slashes MLC Compliance Time

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Leading international classification society Bureau Veritas has set up a web-based system which will help shipowners to cut certification time for the Maritime Labour Convention (MLC) 2006 dramatically. Bureau Veritas said the system is needed because some shipowners are leaving it until late to seek the necessary MLC certification. An addition to the services available to Bureau Verita...
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Jun
3

Keppel FELS Delivers First Super A Class Jack-Up Rig to Discovery Offshore

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Keppel FELS Limited has delivered its first KFELS Super A Class jackup rig to Discovery Offshore S.A., which is managed by Hercules Offshore. Named Discovery Triumph at a ceremony on Saturday, the first KFELS Super A Class jackup has been delivered 46 days ahead of schedule and with a perfect safety record. The ultra high-specification jackup rig has been designed for the harsh environm...
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Jun
3

Global warming is opening a door for ships

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Could global climate change have a silver lining -- in the form of improved international trade? Perhaps, if the fabled Northwest Passage finally becomes a reality. For centuries, navigators and traders have wondered if there was a viable way of getting shipping from the Atlantic to the Pacific via the waters above current-day Canada and Alaska and through the Bering Strait. There is al...
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Jun
3

Oil Versus Dry Bulk Investors Know Which They Like

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Bulk investors are on the war path and there's some serious business being done. Last year orders for tankers and bulkers slumped to 36m dwt, even lower than in the late 1990s when bulk orders averaged 44m dwt a year. With only 13m dwt of tankers and 23m dwt of bulkers ordered, analysts could relax. But this year orders have doubled again, with 24m dwt contracted in the first four m...
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Jun
3

LNG shipping markets started to improve in May after a slow couple of month

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
In its latest report on first quarter results, Golar LNG Partners provided some useful insights on the LNG tanker markets. According to the report, LNG Atlantic supply started to increase at the end of April and spot shipping demand and rates have increased during May as a result. Medium term shipping demand has also started to emerge during the second quarter with enquiries coming from...
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Jun
3

MSC gets serious about Asia-ECSA

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Mediterranean Shipping Company (MSC) clearly has no intention of being left behind in the race to acquire greater economies of scale between Asia and East Coast South America. By launching its own ‘Ipanema’ service, it has thrown down the gauntlet to other carriers, many of whom also have expansion in mind despite poor trading prospects. MSC’s announcement at the begin...
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Jun
3

WTS, NLI Receive AiP from DNV on Their LNG Fuel Tank Design

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Wilhelmsen Technical Solutions (WTS) and offshore oil and gas engineering specialist NLI Solutions (NLI) have in cooperation received Approval in Principal (AiP) on their LNG fuel tank design from the Norwegian class society Det Norske Veritas (DNV). The two companies have since 2009 worked on the development of a LNG fuel tank design. The tank is designed as an IMO-B tank. In short thi...
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Jun
3

ABB's Amazing Container Crane Remote Control

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
  As ships grow bigger & cranes taller, a key technology in the handling of shipborne containers is the remote handling of STS cranes. For a crane operator sitting in a small crane cabin, far above ground and a long way from the containers, the ability to operate the crane with speed, precision and consistency is almost impossible. It is also physically demanding, freq...
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Jun
3

Norway: NDM Develops System for Securing Cargo Onboard Offshore Vessels

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
NDM has developed a flexible and cost effective system for moving and securing cargo onboard offshore vessels. The system, which has been named CSS (Cargo Securing System), can move cargo at any kind of required position along the cargo deck and also secure cargo at any kind of required position. The system is designed to fit any kind vessel design and can also be retro-fitted on existi...
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Jun
3

IMO’s MSC to Adopt Amendments to International Convention for SOLAS

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
IMO’s Maritime Safety Committee (MSC) meets at the Organization’s London Headquarters for its 92nd session from 12 to 21 June 2013. The MSC is expected to adopt amendments to the International Convention for the Safety of Life at Sea (SOLAS) relating to passenger drills; discuss preliminary recommendations arising from the Costa Concordia incident; and consider matters ...
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Jun
3

Somalia: Puntland 'Wipes Out' Three Pirate Strongholds

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The Puntland regional administration has wiped out pirate strongholds in Eyl, Garad and Bargal, Puntland Counter-Piracy Director Abdirizak Mohamed Dirir told Somalia's Radio Ergo. Dirir said some pirates have been arrested and some have fled the region, the radio station reported Tuesday (May 28th). Others, however, gave up piracy, and there are now reformed pirates in the armed for...
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Jun
3

Rise in global tanker rates fails to boost Indian shipping industry

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
The faint uptick in global tanker rates earlier this month has not helped much in raising the spirits of the Indian shipping industry.  The reason — shipping companies had to wade through a tepid freight market the whole of last fiscal, exacerbated by a lacklustre trade, rising fuel costs and over-supply of ships. While some in the industry feel that the pressure on freight r...
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Jun
3

Maritime Safety Committee meets 12 to 21 June

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Preview: Maritime Safety Committee (MSC), 92nd session, 12 to 21 June 2013 Briefing: 20, June 3, 2013 IMO's Maritime Safety Committee (MSC) meets at the Organization's London Headquarters for its 92nd session from 12 to 21 June 2013.  The MSC is expected to adopt amendments to the International Convention for the Safety of Life at Sea (SOLAS) relating to passenge...
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Jun
3

Amarcon Receives Orders for Eleven OCTOPUS-Onboard Systems

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Amarcon, a member of the ABB group, announced that it has received an order for in total eleven OCTOPUS-Onboard installations for Heavy Lift vessels from Cosco Heavy Transport and BigLift Shipping.  The Cosco deal was closed after the heavy cargo transporter leased the portable OCTOPUS-Onboard system on several occasions. Cosco heavy transport operates a versatile fleet within ...
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