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Sunday, September 22, 2019

Pic: Hyundai Heavy Industries

US Fines HHI $47Mln Over Dirty Engines

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards.“Hyundai put profits above the public’s health and the requirements of the law…

From left: William J. "Bill" Shea, CEO of Direct ChassisLink, Inc and J. Christopher Lytle, 
recently retired Executive Director of the Port of Oakland, CA
 (Photo: CII)

Shea Awarded Annual Connie Award by CII

Some 300 transportation leaders packed a hotel ballroom Tuesday as the Containerization and Intermodal Institute presented its Connie Award to William J. "Bill" Shea, CEO of Direct ChassisLink Inc. (DCLI). J. Christopher Lytle, recently retired Executive Director of the Port of Oakland and former head of the Port of Long Beach, was given the group's Lifetime Achievement Award. The gala event was held at the Renaissance Hotel in Long Beach, CA.In his presentation remarks, Michal J.

Photo: Qatar Petroleum

Qatar, Shell Partner on LNG Bunkering

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…

James Clarke  (Photo: Seaspan)

Clarke Joins Seaspan Shipyards as CFO

Seaspan Shipyards (Seaspan) has announced the appointment of James Clarke as Chief Financial Officer (CFO). With more than 15 years of senior finance experience in engineering and industrial environments Mr. Clarke brings his strong background in strategic finance to Seaspan’s growing shipbuilding and ship repair operations.Clarke joins Seaspan from the Houston, Texas, office of SNC Lavalin where he was the Chief Financial Officer and Senior Vice President of Finance for the Oil and Gas Division with operations in the Americas, Middle East, and Australia.

Aries Leader (Photo: NYK Line)

NYK Conducts Japan’s First Carbon-Neutral Voyage

NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies, reducing CO2 emissions per unit by 30% compared with existing large pure car carriers (i.e., comparing emissions on a per car basis). In this initiative…

Image: MPC Container Ships

MPC Joins Trident Alliance

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin Baack said: "Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers, and support industry-wide calls for effective and transparent enforcement around the world."Trident Alliance is a coalition of shipping owners and operators who share a common interest in effective…

Pic: Langh Ship

Langh Ship Going Green

Finnish shipping company Langh Ship said that it takes environmental matters into account in their day-to-day operations, and efforts to improve the state of the world’s seas are important to all Langh companies."The environmental perspective has been at the core of the Langh companies’ operations for some time now, and the companies are a partner of the John Nurminen Foundation and a supporter of the Foundation’s Clean Baltic Sea projects," said a press release from the owner…

Pic: Georgia Ports Authority

GPA to Double Capacity, Draws $5Bln Investment

The Georgia Ports Authority (GPA) has revealed plans to double capacity at Garden City Terminal to 11 million twenty-foot equivalent container units per year.In Fiscal Year 2019, port-related industries announced $5 billion in new investment and 12,000 new jobs coming to Georgia.Port-related announcements of expansions and new business accounted for nearly $5 billion in investment and 12,000 jobs across the state of Georgia in Fiscal Year 2019, a year in which the Port of Savannah…

Image: Australian Maritime Safety Authority

Australia Bans Two Bulkers Over Mariner Pay Spat

The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively.AMSA surveyors boarded the Fortune Genius in Gladstone after receiving a complaint via the International Transport Workers’ Federation.AMSA’s investigation revealed the crew of the Fortune Genius had been deliberately under paid by the operator…

Image: Deutsche Bahn

German Trains to Run on Offshore Wind

German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW Nordsee Ost wind farm in the North Sea from utility Innogy and RWE Supply & Trading.The contract will run for five years, beginning in 2024. The supplied volume comprises 25 megawatts, which is the equivalent of four wind turbines. That is eight percent of the total production of the wind farm…

Pic: Port of Rotterdam

Ports Asks EU to Focus on Port Economy

Antwerp and Rotterdam Port Authorities asked new European Commission (EC) and Parliament to focus on the economic significance of ports.The energy transition and digitization are the two strategic challenges facing large industrial ports. The European Union can offer port authorities and industrial clusters important incentives to achieve the transition toward the CO2-neutral ports of the future.That is why Antwerp and Rotterdam Port Authorities have taken the initiative to organize a joint event for European policy makers…

MARAD Offers New Training Courses

The U.S. Maritime Administration (MARAD) launched newly-accredited, web-based training courses on cargo preference laws and regulations. The courses were developed in collaboration with Defense Acquisition University (DAU). They are intended to enhance comprehension of and compliance with cargo preference laws by other federal agencies, supporting contractors, and program participants, such as loan and grant recipients.Cargo preference laws and regulations protect the Nation’s cargo interest by statutorily mandating the use of U.S.-flag vessels for cargo purchased…

Image: K Line

K Line Takes Delivery Of Corona Citrus

Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has taken delivery of a 88,000 dwt coal carrier from compatriot shipbuilder Imabari Shipbuilding in Marugame.Named Corona Citrus, the vessel was delivered on September 11 for electric utility Electric Power Development Co. Ltd.The new Corona coal carrier will be principally involved in carrying thermal coal to thermal power plants for the company.Corona Citrus is equipped with WAD (Weather Adapted Duct) in front of the propeller which promotes her propeller efficiency and Hybrid Fin behind the propeller which accelerates energy savings…

Frost  & Sullivan said shipbuilders and dry-docking companies should work with marine coatings specialists to ensure that high-performance, environmentally-sustainable marine coatings that can protect the environment and increase fuel efficiencies are developed for use in the maritime sector.
Photo: © helenedevun/Adobe Stock

Marine Coatings Market: Clean, Green & $9.3B by 2025

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

Pics: International Maritime Organization (IMO)

Do Ports Need Global Regulation?

Ports are essential for the global supply chain - but do they need more international regulation?High-level speakers engaged in a lively debate at a joint Hutchison Ports, International Maritime Organization (IMO) and IMO International Maritime Law Institute (IMLI) seminar (9 September), to address the question: "Do ports need international regulation?"IMO Secretary-General Kitack Lim reminded the audience that the IMO Convention does give the Organization a mandate to regulate…

Ronald Spithout, President Inmarsat Maritime

Study: Ship Tech a $278B Market by 2030

New research into maritime startups concludes that higher bandwidth connecting ships to shore at lower costs is empowering a new breed of single-minded innovators to bring the true benefits of digitalization to the shipping and offshore sectors, according to a report conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, The report, ‘Trade 2.0: How Startups are driving the next generation of maritime trade’, co-authored by Nick Chubb and Leonardo Zangrando…

Photo: Trelleborg

Trelleborg Helps Accommodate Cruise Ships

One of Mexico’s most popular tourist destinations, Puerto Costa Maya, has upgraded its port to simultaneously accommodate four cruise vessels – one more than previously, including two Oasis-class cruise ships. As part of the project, Trelleborg’s marine and infrastructure operation supplied the port with its SeaGuard foam fenders and MSB-150 bollards, which were added to both sides of the pier.Berths three and four at Puerto Costa Maya were extended by 140 meters and, as an open-water port, it is subject to harsh weather including heavy waves and extreme wind.

SFI Acquires Three VLCCs From Hunter Group

Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently being constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Hunter Group placed the order for the VLCCs last year. SFI will pay almost $60 million for each tanker and a total of $180 million for all three.

Adobestock / © magicbones

UK Risks Losing Edge in Maritime Services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking, shipping finance and other maritime services.These contribute $5.6 billion a year to Britain’s economy…

Image: Seadrill Partners

NYSE Begins to Delist Seadrill Partners

The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated.According to the UK-based offshore deepwater drilling company, the NYSE's decision was the result of the company's low market capitalization.SeaDrill said its common units are expected to begin trading in the over the counter (OTC) market beginning September 6…

Pic: Port of Antwerp

Antwerp Port, Amazon Test Drones

The SAFIR consortium of partners – Amazon Prime Air, Aveillant, C-Astral, DronePort, Elia, Explicit, Helicus, Port of Antwerp, Proximus, SABCA, Skeyes, Tekever and Unifly – tested the first simultaneous drone flights today in Sint-Truiden DronePort, for among other things package deliveries, inspection flights and emergency situations. European Commissioner for Transport Violeta Bulc also followed the demonstrations from the front row. SAFIR stands for "Safe and Flexible Integration of Initial U-space Services in a Real Environment…

A CMA CGM boxship underway in a file image (CREDIT: CMA CGM)

2Q Red Ink for CMA CGM Again

CMA CGM, the world's fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. economy.The French-based group said on Friday that it expected a better second half of the year, supported by previously announced plans to reduce costs and reorganise its shipping services.CMA CGM said it made a second-quarter net loss of $109 million…

 Dr. Ricaurte Vásquez Morales takes office as Panama Canal Administrator. Photo: Panama Canal Authority.

Dr. Ricaurte Takes Office as Panama Canal Administrator

Dr. Ricaurte Vásquez Morales was sworn-in during a ceremony held at the Panama Canal Administration Building in Panama City, becoming the fourth Panamanian Administrator of the waterway shortly before it celebrates its 20th year under Panamanian administration on December 31, 2019.Administrator Vásquez an economist with more than 30 years’ experience in the public and private sector said: "Just a few months short of the 20th anniversary of the transfer of the Canal to the Panamanian people, we face a distinctly different reality today.

Pic: Euronav

Euronav to Store Low-Sulfur Oil

The crude oil tanker company Euronav has purchased a total of 420,000 metric tons of compliant fuel oil and marine gasoil so far, the company revealed as it detailed its IMO 2020 sulfur cap plans. In aggregate the purchase value of very low sulfur fuel oil (VLSFO) has been at $447 per metric ton compared to a bunker price (HFO-3.5% Sulfur content) of $400 per metric ton over the same procurement period.According to the Belgium shipping company, the oil is currently aboard a ultra large crude carrier (ULCC) Oceania, a vessel built in 2003, and will soon be on its way to Singapore.

Liebherr container cranes in the port of Cleveland, Ohio (Port of Cleveland)

Tideworks, Liebherr, Enter Cooperation Agreement

The two companies to cooperate on offerings for the global supply chain.Tideworks Technology announced cooperation activity with Liebherr Container Cranes Ltd. (LCC).This is Tideworks’ first cooperation with an equipment manufacturer and demonstrates a progression of its efforts to provide the global supply chain with next-generation TOS solutions and innovative options that include both software and hardware in a harmonized approach. The cooperation will allow terminal operators…

Arun Sharma (Photo: IRClass)

IRClass Takes Over IACS Chairmanship

Arun Sharma, Executive Chairman of the Indian Register of Shipping (IRClass), has been formally introduced as the new Chairman of the International Association of Classification Societies (IACS) to a group of specially invited maritime journalists at a press conference in the capital.Mr Sharma was elected as the new Chairman of IACS in a recent Council meeting held in Busan, Korea.In his first speech in the role, Mr Sharma outlined the main challenges faced by the shipping industry, most notably the key environmental regulatory issues including the sulphur cap and the fast paced technological

The ‘Finnmarken’ is the first of three Hurtigruten ships to be fitted with Wärtsilä NOR systems for Tier III compliance, after which it will be renamed the ‘MS Otto Sverdrup’. 
 (CREDIT: Wartsila)

Wärtsilä to Support Hurtigruten’s Green Push

The technology group Wärtsilä will supply a broad scope of solutions that will support Hurtigruten, the world’s largest expedition cruise operator, in its push for greener and more sustainable shipping.Hurtigruten is converting an additional three vessels to become premium, hybrid powered expedition cruise ships. The order with Wärtsilä was placed in Q2 2019 and covers the ‘MS Finnmarken’, the first of the three vessels to be upgraded. Following the conversion project, the 140 metre…

Photo: Trelleborg

Trelleborg, DHI Pact on Port Enhancement

Swedish global engineering group Trelleborg AB said that its marine and infrastructure operation has announced that it is to collaborate with Danish water environment specialist, DHI, enabling marine consultants and port owners to more realistically simulate vessel movements in ports and increase port efficiency.AutoMoor, Trelleborg’s rope-free automated mooring system which uses smart technologies to enable a faster berthing process and improve safety within the port environment…

Image: APM Terminals

Salalah Ports Sets Productivity Record

With an annual capacity of around 5 million TEU, the Port of Salalah set a new productivity record this month, delivering 412.97 Port Moves per Hour (PMPH) on vessel Cap San Tainaro. The Port handled 3,820 moves in a port stay of 9.25 hours.Oman’s major regional gateway port and transshipment hub, located on the Arabian Sea has recorded the highest productivity ever achieved in the region. Last month, an investment of USD 31 million in asset replacement and capacity improvements over the past year at the Port of Salalah paid off.Referencing improvements in standards of work…

2 Workers Die on Board Greek Ship in Bangladesh

NGO Shipbreaking Platform said that accident at the shipbreaking beach of Chattogram, Bangladesh killed two and severely injured thirteen. The accident occurred in the afternoon of Saturday 31 August at Ziri Subedar shipbreaking yard. During scrapping operations on the ship CSL VIRGINIA a heavy cable collapsed, hitting several workers at once. Aminul Islam, 35 years old, and Tushar Chakma, 27 years old, lost their lives.Thirteen workers  suffered severe injuries and were taken to Chattogram Medical College Hospital for treatment.

Carnival's hi-tech control room. CREDIT Carnival Corp.

Carnival Partners with UWF for Interactive Training

Company’s CSMART Academy teamed up with UWF’s Innovation Institute to launch training course for environmental officers that started in August 2019. Combining UWF’s specialty in challenge-based learning with CSMART Academy’s award-winning faculty, professional development and advanced simulators, program is designed to foster culture of excellence in environmental compliance. Carnival Corporation announced it partnered with the University of West Florida (UWF) to enhance the company’s…

File Image: SMM

SMM 2020 Publishes Maritime Industry Report

“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's agenda are highlighted in the new issue of the SMM Maritime Industry Report: Shipping, shipbuilding and supplier companies are especially interested in alternative propulsion technologies and attractive niche markets.The year 2020 marks a major turning point in international shipping: On January 1…

8 Dead, 26 Missing After Dive Boat Fire

Eight people were confirmed dead from a predawn fire that sank a boat off a Southern California island and 26 others who were on the scuba diving vessel were missing, a local sheriff said.The fire broke out aboard the Conception, a 75-foot (23-metre) boat, at about 3:15 a.m. while it was moored just off the shore of Santa Cruz Island, the U.S. Coast Guard said in a statement.Passengers slept in the ship's lower quarters, officials said, while five crew members who were above deck…

DP World Joins Chinese Firm for First Traders Market

The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone.The project will span around 800,000 sq m, with phase 1, estimated at $150 million, covering about 220,000 sq m. Construction is expected to start in Q4 and take 24 months to complete.The Traders Market will create the first smart freezone market place in the Middle-East for the retail and wholesale industries and aims to also serve the wider region.

File Image: AdobeStock / © Carabay

McQuilling Mid-Year Tanker Market Outlook

McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.

The NOAA National Hurricane Center Storm Cone situation at 1100 hours local on 30 August 2019.

Florida Braces for a Hit as Dorian Strengthens

Florida's governor on Friday urged residents in the state to stock up on at least a week's worth of food, water and medicine and to prepare to lose power and cellphone service for days after Hurricane Dorian makes landfall early next week.The slow march and rising intensity of the storm, which is moving in a northwestern direction to the Bahamas, has alarmed forecasters who worry parts of Florida will be walloped by strong winds, a storm surge and heavy rain for an extended period."I think there’s a pretty high degree of certainty that this is going to be a major hurricane…

Figure 1.

CYBER SECURITY: Are You Cyber Safe?

While there is no silver bullet and no one solution to cyber safety, layered defenses are best practices and rely on multiple measures to detect and protect against cyber dangers.“Parasitic malware feasts on critical infrastructure”“Digital vigilantes weaponize vulnerability disclosure”“Rushed digital transformation destroys trust”It’s easy to become desensitized to cyber threats in the face of shrill ever-present headlines and the feeling of helplessness that no matter what we do, it’s never good enough. But ignoring safety is never wise.

Image: BC Ferries

BC Ferries Endorses BC Safety Charter

British Columbia Ferry Services (BC Ferries) informed that its President & CEO Mark Collins is the latest executive to join the BC Safety Charter, a move that highlights the company’s commitment to improving and promoting workplace safety.The signing ceremony took place this morning at BC Ferries’ head office in Victoria, British Columbia, said a press release from the provides all major passenger and vehicle ferry services for coastal and island communities in the Canadian province of British Columbia.“Safety is our highest value.

Image: Thun Tankers

Thun Orders New Tanker for Geos Charter

Swedish shipping company Thun Tankers BV has placed an order for a 4,250 dwt product tanker at Dutch Ferus Smit shipyard.The ordered tanker will be delivered October 2020 and enter into a long term agreement with UK based Geos Group Ltd, said the coastal shipping company.The vessel will be built with “NAABSA” – Not Always Afloat But Safely Aground – design being able to call tidal restricted niche ports.Thun’s long experience of building resource efficient, high quality vessels…

File Image: AdobeStock / © 14KT Gold

Tanker Owner, Operator & Officers Guilty in ECA Crimes

The owner and operator will pay a total criminal fine of $3,000,000.00.U.S. Attorney Gretchen Shappert for the District of the Virgin Islands announced that IONIAN SHIPPING & TRADING CORP., LILY SHIPPING LTD., STAMATIOS ALEKIDIS, ATHANASIOS PITTAS and REY ESPULGAR have been convicted and sentenced for various pollution, recordkeeping, and obstruction of justice crimes on the Motor Tanker (“M/T”) Ocean Princess in St. Croix, U.S.V.I. The defendants’ conduct included using fuel that exceeded the maximum allowable sulfur concentration in the U.S. Caribbean Emission Control Area (“U.S.

Pic: Orient Overseas (International) Limited (OOIL)

OOCL Swings to Profit

Hong Kong-based international transportation and logistics company Orient Overseas International (OOCL) reported an interim net profit of US$138.9 million for the first half of 2019, swinging from a loss of US$10.3 million this time last year.Overall revenue for the company rose 6 per cent to US$3.3 billion in the first half of this year from US$3.1 billion in the same period last year, said a stock exchange announcement from the the parent company of Orient Overseas Container Line.In this period…

Photo: NYK Line

NYK Group to Build New Heavy-lift Vessels

NYK Bulk & Projects Carriers Ltd., an NYK Group company and the only shipping company that owns and operates heavy-lift ships in Japan, signed a contract with Nanjing Jinling Shipyard Co. Ltd., which is part of the China Merchants Group, to build a pair of heavy-lift vessels. The ships will be equipped with a pair of 400-ton cranes and be able to lift up to 800 tons of heavy cargo. The hold will be about 95 meters in length at its maximum without any bulkheads, i.e., upright walls within the hold.

John McLaurin, President of the Pacific Merchant Shipping Association

OP/ED: The Latest Waterfront Development Hustle

Where there is the allure of the water, there is no shortage of dreamers, visionaries, hucksters, investors, or salesmen willing to expound on the endless new possibilities.It's a tale as old as time. Which is why some of the oldest land use regulations, notably the public trust doctrine, have survived as basic underpinning notions of western property law. The importance of the preservation of public control and access to navigable waterways and urban waterfronts for water dependent uses…

Image: NSW Ports

NSW Ports Launches Sustainability Hub

Australia's NSW Ports launched its new Sustainability Hub and 2019 Sustainability Plan, detailing its performance across environmental, social, economic and governance measures and outlining its proactive strategy and actions for the next three years.NSW Ports CEO Marika Calfas welcomed the launch, and reiterated the company’s commitment to embedding a Port-wide culture of sustainability: “At NSW Ports, we manage the key trade gateways that connect the people and businesses of NSW to global markets.

Image: geoLOGIC systems

GeoLOGIC Acquires TOP Analysis

Canada's geoLOGIC systems announced that it has purchased TOP Analysis, a provider of Canadian thermal oilsands critical information & competitive intelligence through  an easy to use SaaS platform available to all disciplines."TOP Analysis is regarded as an industry standard for data  associated with thermal projects and all oil & gas regulatory information by engineers, geologists and other technical professionals. TOP Analysis enabled clients to be competitive in a market where the ability to make timely development decisions can make or break a company…

Photo: GEA

GEA Equips Cruise Ships with Transcritical CO2

German manufacturer GEA has developed a new, transcritical CO2 technology especially for use on seagoing vessels.GEA signed a contract last year with P&O Cruises, part of Carnival Corporation & PLC, the world's largest commercial cruise ship operator, for its new transcritical CO2 refrigeration technology.The environmentally friendly refrigeration technology has already been installed on board the Arcadia, a 2,000-passenger ship from P&O Cruises, where it provides energy-efficient…

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. Photo: DP World

DP World Profits Up 27% in H1 2019

Dubai International Ports Group (DP World) announced a strong financial results for the first six months of the year ended June 30, 2019 and its profits soared by 27% to US$753.Acquisitions and growth in non-containerized revenue helped revenue climb to $3.46 billion, although on a like-for-like, constant currency basis the revenue increase was 11 percent, said the Dubai-based company.Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “DP World is pleased to report like-for-like earnings growth of 22% in the first half of 2019 and attributable earnings of $753 million.

Photo: CMA GCM

CMA CGM will not use the Northern Sea Route

Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister for the Ecological and Inclusive Transition Brune Poirson, this afternoon has invited to the Elysée Palace representatives of the shipping industry including global leader CMA CGM.On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, will…

AdobeStock / (c) 14KT Gold

'Green' Focus for Citigroup's Shipping Finance Chair

Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.In June, Citi was among a group of leading banks who signed up to environmental commitments known as the "Poseidon Principles."These will for the first time integrate efforts to cut CO2 emissions into banks' decision making when providing loans to shipping companies.The initiative highlights how businesses are having to respond to moves by investors around the worl

Pic: ZIM

ZIM Back in the Black

Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of  $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…

Voyager Targets Bulk Shipping for SaaS Solution

Voyager, a company offering a solution to the bulk commodity shipping market to operate in a unified and digital environment, announced completion a $1.5 million seed funding round co-led by ATX Venture Partners, Blue Bear Capital, GreenHawk Capital, and Phaze Ventures. Voyager’s new capital will be used to expand the Software-as-a-Service (SaaS) network’s offerings, further acquire and expand its customer base, and grow its engineering, development, marketing and sales teams.Current partners of Voyager’s include Equinor…

Photo courtesy of Peel Ports

Peel Ports Steps Toward Brexit Ready

Peel Ports Group has been accredited with the internationally recognized quality mark of Authorized Economic Operator (AEO) at all its principal ports by Her Majesty’s Revenue and Customers, affirming the Port’s efficient and robust processes to customers worldwide.The Liverpool based port operator said that achieving AEO status from Her Majesty’s Revenue and Customs was a “significant milestone” especially on the path towards Brexit.Peel Ports Group has successfully achieved AEO status for the following ports: Clydeport Operations Limited…

To the left, Paul Gilkison, Area Sales Manager, Kongsberg Digital and to the right Michael van Balen, Principal of AMC (Photo: Kongsberg)

AMC, Kongsberg in VR Training Collaboration

Kongsberg Digital AS has cemented its long-standing position as the primary supplier of simulation software and hardware to the Australian Maritime College (AMC), with the recent confirmation of a new Long-Term System Support Program (LTSSP).Kongsberg Digital Area Sales Manager Paul Gilkison and AMC principal Michael van Balen signed the agreement – the third successive five-year contract between the two parties – on Thursday, August 8 at the AMC’s Newnham campus in Launceston.Kongsberg Digital simulators are the platform of choice at the AMC’s world-class Center for Maritime Simulations…

Photo: Methanex Corporation

Waterfront Adds Methanol-Fuelled Vessels

The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels, said the wholly owned subsidiary of Methanex Corporation.The vessels join the seven existing methanol-fueled vessels chartered by Waterfront Shipping…

Photo: CIMAC

Guidance on 0.50% Sulphur Marine Fuel

A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% - sulphur marine fuel released on August 20, 2019.The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels.The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users. It presents the specific safety and operational issues relating to the supply and use of max.

Michael Haraldsson (Photo: Thordon Bearings)

Thordon Names Haraldsson as Marine Business Manager

Canadian-based Thordon Bearings, a leader in environmentally safe propeller shaft bearings and seal systems, has appointed Michael Haraldsson to the role of Marine Business Development Manager.A native of Sweden, Haraldsson has more than 25 years of strategic sales experience across a myriad of maritime sectors, having held senior sales positions with well-known original equipment manufacturers and service providers, including Consilium, De Nora, Jowa, and Harris Pye.Throughout his career, he has been a prominent crusader for environmental sustainability and marine safety.

Pic by LR, Hyundai Heavy Industries Co.

World’s First: LR Digital Type Approval to HHI

The world's largest shipbuilding company Hyundai Heavy Industries Co (HHI) has become the first to obtain a Lloyd’s Register (LR) approval for a digital component as it received green light to use the technology for its Integrated Smartship Solution (ISS).According to LR, digital type approval delivers an assurance system to provide confidence in the market for the supply of digital components and offers all the benefits of traditional type approval; reassurance on supply chain quality and robustness within the marine environment.

Image: BW Offshore

Brazil Okays BW Offshore's Oilfield Buy

Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services, platforms and ships.The purchase, from Chevron Corp and Petrobras, extends BW's operations in Brazil, where it already has two floating production, storage and offloading (FPSO) units.“We are proud to announce that our subsidiary BW Energy has been approved by the razilian National Agency of Petroleum…

Photo: NIMASA

NIMASA Invests in Maritime Security

The Nigerian Maritime Administration and Safety Agency (NIMASA) reports it has graduated another 298 surveillance officers in basic training course for the implementation of the Integrated Security and Waterway Protection Infrastructure also known as the Deep Blue Project.Speaking at the graduation ceremony held at the military base in Elele in Rivers State, the Director General of NIMASA, Dr. Dakuku Peterside noted that the capacity development component of the Deep Blue project…

Nigel Shewring (Photo: Hempel)

Shewring to lead Hempel R&D

Hempel appointed Nigel Shewring as its new Group Director of Research & Development (R&D), responsible for managing the overall activities in Hempel’s 15 R&D centers globally.“The world of coatings is very complex and our experts play a crucial role when it comes to sharing knowledge about both challenges and solutions in our industry,” said Steen Hoff, Hempel’s Acting Director of Operations. Nigel will help ensure that we continue to develop both our own and our customers’ understanding…