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Friday, November 16, 2018

File Photo: MPC Container Ships AS

MPC Container Ships Plans Huge Investment in Scrubbers

The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems  (scrubbers) for five of its ships, with an option to buy ten times as many additional scrubber systems.Under the agreement, the scrubbers would be retrofitted on five selected vessels within the company’s fleet prior to the January 1, 2020 implementation date of the new sulphur emission cap regulation, as set forth by the International Maritime Organization (IMO).Norwegian…

Pic: CargoX

CargoX Launches the World's First Smart Blockchain Platform

Slovenia-based supplier of blockchain solutions for logistics, CargoX has  launched the CargoX latform to become the first open, neutral, and accessible blockchain platform in the shipping industry.The company said that the platform can be used by businesses of any size, and it was recently selected as the winning innovation at the IRU World Congress among 77 startups after a presentation in front of over 1000 attendees from more than 60 countries."Shipping, freight forwarding…

Pic: Seanergy Maritime Holdings

Seanergy Maritime in Leaseback, Refinancing Pact with Cargill

The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International.The Nasdaq listed shipping company based in Greece informed that the refinancing has released approximately $7.8 million of liquidity for the Company.Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered it…

Image: National Institute of Wind Energy

India Publishes Draft Wind Turbine Certification

India's Ministry of New and Renewable Energy (MNRE) has issued a draft scheme on wind turbines in India. Known as the ‘Indian Wind Turbine Certification Scheme’ (IWTCS), the draft has been prepared in consultation with the National Institute of Wind Energy (NIWE), Chennai."The IWTCS is a consolidation of relevant National and International Standards (IS/IEC/IEEE), Technical Regulations and requirements issued by Central Electricity Authority (CEA), guidelines issued by MNRE and other international guidelines…

Image: APM Terminals Poti

Poti Port Commissions Eco-friendly Spreaders

APM Terminals Poti, Georgia,  has commissioned a new, state-of-the-art, revolving spreader to load copper concentrate into bulk vessels. The spreaders are designed to improve efficiency and minimise the impact on the environment during bulk cargo loading operations.In traditional operations, product is loaded from a pile on the ground into the holds of the vessel. During this process product is lost due to the wind blowing and rain washing it away. Even with careful sweeping it is difficult to collect everything after it has been lying on the ground.

(Photo: AMSA)

ROVs to Investigate Lost Shipping Containers

Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney in early June when it lost dozens of containers overboard amid five-meter swells in the Tasman Sea, about 30 kilometers off Australia's east coast.The Australian Maritime Safety Authority (AMSA), citing serious potential impacts to local fishing and the environment…

© Nikita Starichenko / Adobe Stock

Argus Adds New Marine Fuel Price Assessments

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead in bringing price transparency that enables this large and emerging oil market to advance trading in preparation for the IMO 2020 required fuels…

Photo courtesy of TTI

Blockchain to Improve Operations in Port of Veracruz

An innovative application of blockchain technology will be put to the test at the Port Community of Veracruz, Mexico by a team of researchers from the Texas A&M Transportation Institute (TTI) and dexFreight, a Florida-based blockchain and logistics startup.The project will help define blockchain applications for improving the safety and security of freight transportation within port communities. Blockchain has been described as an “immutable ledger,” a secure, transparent system for tracking shipments and transactions through complex environments.

Photo: Royal IHC

SPARTACUS: World’s Largest Cutter Suction Dredger Launched

On November 10, Royal IHC successfully launched the Spartacus, a 44,180kW self-propelled cutter suction dredger (CSD) designed and built for DEME. The ceremony took place at IHC's shipyard in Krimpen aan den IJssel, The Netherlands. It was performed by Mrs Fabienne Ackermans, the spouse of Mr Luc Bertrand (chairman of the Board of Directors of Ackermans & van Haaren, owner of DEME).Spartacus is reportedly the world’s largest CSD and the first to be powered by liquefied natural gas (LNG). The four main engines can run on LNG, marine diesel oil (MDO) and heavy fuel oil (HFO).

Pic: Port of Antwerp

Port Police Regulation in Force in Antwerp

The modification of the Municipal Port Police Regulation, the Port Instructions and related forms come into force on the 12th of November 2018 said a press release from the Antwerp Port Authority.The port and the social context in which it operates are in a constant state of flux. It is therefore essential for the Police Regulation to take account of the changing situation and requirements.In modification 3 of the Port Police Regulation various articles were modified, and various…

Pic: Damen Shipyards Group

Damen Shipyards to Support Drechtsteden's Economy

Damen Shipyards Group said that it would lend its support to the Economic Development Board of the Drechtsteden.The board is a strategic collaboration between business, education and government in the Dredchtsteden area of the Netherlands – an area which incorporates the locations of Damen Shipyards Hardinxveld and Damen Shipyards Gorinchem, said a press release.It plays a pivotal role in strengthening the local economy, placing economic goals, opportunities and developments firmly…

Image: Norwegian Cruise Line

Norwegian Cruise Line Profits Up

Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year. The cruise operator said in a investor release that its total revenue increased 12.5% to $1.9 billion. Gross Yield increased 4.5%. Net Yield increased 4.0% on a Constant Currency basis, outperforming guidance by 50 basis points. Norwegian expects to generate record earnings in full year 2018 and has increased its outlook above the high-end of its previous guidance range.

Port of Rotterdam Authority wins the ESPO Award 2018. Photo: European Sea Ports Organisation

Port of Rotterdam Wins ESPO Award 2018

The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation of a good workplace environment for its current and future employees and the demonstration of its investment in a diverse and inclusive environment, facilitating mutual respect, non-discrimination and personal development.The ESPO Award was handed out by the Deputy Director-General of DG Move…

Sinking frigate (screenshot of NRK streaming coverage at https://www.nrk.no/. NRK is the Norwegian government-owned radio and television public broadcasting company)

BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker.The frigate Helge Ingstad, now listing heavily to its port side, is loaded with torpedoes and weapons systems said to be unstable as a result of the collision. Eight navy personnel are said to be injured, including two flown to regional hospital…

Image: Napier Port

New Zealand's Napier Port to Build Additional Wharf

Napier Port’s resource consent applications to build an additional wharf on its container terminal and carry out further dredging have been approved.According to the New Zealand port operator, it is a vital regional asset which supports local business to employ an estimated 27,000 people in Hawke’s Bay.Building 6 Wharf will allow more ships to visit, larger ships to berth and alleviate the growing congestion caused by increasing cargo volumes coming out of our thriving region.Napier…

Shipping industry executives initiate blockchain consortium at a signing ceremony. Photo: CargoSmart Ltd.

Global Shipping Business Network on Blockchain Platform Launched

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…

Photo: International Maritime Organization (IMO)

Maritime Education to Focus on Quality

As a United Nations agency, International Maritime Organization (IMO)  is firmly committed to the Sustainable Development Goals, one of which is about delivering quality education.A press note from the UN agency said that an important element of its efforts in this regard are its two maritime educational institutions – the World Maritime University (WMU) and the IMO International Maritime Law Institute (IMLI). Both are focussed on delivering high-level education in maritime-related…

(L)Alexandra Anagnostis-Irons (R) Despina Panayiotou Theodosiou (Photo: Total Marine Solutions)

TMS, TOTOTHEO Maritime Sign Sales Agreement

Total Marine Solutions (TMS) and TOTOTHEO Maritime Limited has announced a strategic sales partnership agreement whereby TOTOTHEO will act as exclusive sales agent and customer service representative for Ocean Guardian in the Republic of Cyprus.Developed by TMS, in collaboration with Brenock, Ocean Guardian is a digital tool that provides shipboard operators with immediate access to environmental regulations around the world. The software system removes the guesswork from environmental compliance…

Belinda Ward (Photo: North P&I Club)

North P&I Club Launches Mind Matters Campaign

North P&I Club  launched its new ‘Mind Matters’ campaign, including a confidential helpline for crew provided in partnership with the International Seafarer’s Welfare and Assistance Network (ISWAN).The new campaign aims to raise awareness of mental health and well being at sea. It provides North P&I Club’s members and their crew with a number of resources and support materials to support their emotional well being at sea and to provide guidance on where to access additional help if needed.The resources include a new confidential helpline…

Image: Port of Hamburg

Fitch Warns: Shippers' Costs and Capex may Increase

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report."This may negatively affect their credit quality unless they manage to pass these costs to customers. Many shipping companies have started implementing fuel surcharges to recover costs associated with the new sulphur cap regulation, but their ability to sustain these will depend on market fundamentals…

Pic: PitPoint

PitPoint.LNG Preps Europe’s First STS LNG Bunkering Station

PitPoint.LNG, a joint venture between PitPoint clean fuels and Primagaz Nederland BV, received the official permit for the construction of Europe’s first shore-to-ship (STS) bunkering station for LNG in the Port of Cologne.With this important milestone now in place, the civil engineering work can start for the LNG bunkering station, which is scheduled to be operational by the second quarter of 2019.Since the plan for the new bunkering station was announced in June last year, PitPoint.LNG has been working hard to complete the thorough and substantial permit application process.The permit…

File Image (CREDIT AdobeStock / © bvigaro

Big Oil Set to Cash in on IMO 2020 Rules

The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.International Maritime Organization (IMO) regulations will cut the limit for sulphur in marine fuels globally from 3.5 percent to 0.5 percent from the start of 2020."We're going to hopefully facilitate the new rules in 2020 by helping out the industry and the participants in general to have a reasonably smooth transition…

Pic: DP World

Port Groups Join for Go Green Initiative

Five global container port operators have jointly undertaken a week-long initiative to promote sustainable resource usage  in their respective port and facility networks through mass recycling.During the fifth annual Go Green Initiative, 8,332 employees of DP World, Hutchison Ports, PSA International, Port of Rotterdam and Shanghai International Port Group collected a total of 1,966 kg of aluminium cans and 2,227 mobile phones for recycling.The choice of two very different waste products for collection and recycling was intentional.Aluminium cans are one of the most recyclable waste items…

Image: Port of Helsinki

Port of Helsinki Launches Separate Company for Ship Services

Finland's main port Port of Helsinki Ltd is preparing for the implementation of the requirements of the EU’s Port Services Regulation by transferring ship services covered by the regulation to a subsidiary company.From 1 January 2019 onwards, the new company South Finland Port Service Ltd, owned by the Port of Helsinki Ltd, will be responsible for vessel mooring and unmooring. Some sixty employees will be transferred to the new company.Kari Noroviita, technical director at Port of Helsinki Ltd…

File Image: CREDIT CMA CGM

CMA CGM Completes Containerships Acquisition

The CMA CGM Group has completed the acquisition of Containerships, a container-transportation and logistics company.The European Commission authorized this transaction on October 22nd. Containerships, which specializes in the intra-European market, will complement CMA CGM’s service offering.Containerships, a European door-to-door specialistFounded in 1966, Containerships is a Finnish company specialized in Intra-European containerized trade with 690 employees. Containerships offers its clients a complete range of high-quality services…

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer / CREDIT: Seanergy

Seanergy Maritime to Install Scrubbers on its Capesize Fleet

Seanergy Maritime Holdings Corp. announced that it has entered into commercial agreements for the installation of exhaust gas cleaning systems (scrubbers) on five of its capesize bulk carriers before the January 1, 2020 implementation date of the IMO sulfur emission cap regulations.Upon completion of the installations scheduled for Q2 and Q3 2019, the vessels will commence index linked period employment with three leading dry-bulk charterers ranging in durations between three and five years.Stamatis Tsantanis…

Kalmar T2e Terminal Tractor. Image: Kalmar

Kalmar Supports Port of Long Beach Electrification

Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third-quarter order intake with delivery scheduled for Q1 of 2019. A press release from the cargo handling solutions and services provider the Port of Long Beach, California, is the second-busiest container seaport in the U.S. and handles trade…

Pic: ABS

The 2020 Global Sulphur Cap: ABS Aid for Greek Shippers

Leading Greek shipping industry stakeholders joined ABS, a global provider of classification and technical advisory services to the marine and offshore industries, for a workshop on drafting 2020 sulfur limit Ship Implementation Plans (SIP).Intended to help shipping companies and crew ready their vessels for compliance with the required sulfur content limit of 0.50% by 1 January 2020, the ABS workshop identified risks associated with design and operations of vessels in relation to the IMO regulation, including a HAZID study.

Photo: Hyundai Merchant Marine

Hyundai Merchant Marine Mulls Fleet Capacity of 100 million TEUs by 2022

The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022, during an employees  gathering at HMM HQ in the Seoul office.HMM recently ordered twelve 23,000 TEU and eight 15,000 TEU eco-friendly mega vessels in preparation for the IMO’s sulfur regulations starting from 2022…

Photo: COSCO Shipping Ports

COSCO Shipping Ports Revenue Surged by 62.6%

COSCO Shipping Ports said that its revenue  for the three months ended 30 September 2018  surged by 62.6% to US$253.0 million. The net profit for the same period rose by 11.8% to US$75.1 million.The  ports operator in a press release also said that the revenue for the nine months ended 30 September 2018 was surged by 73.5% to US$748.4 million where as adjusted net profit rose by 46.6% to US$244.1 million,For the nine months ended 30 September 2018, the Group’s total throughput increased by 20.6% to 87…

Image: Nor-Shipping

Nor-Shipping Appoints First Sustainability and Technology Chief

Nor-Shipping is continuing its mission to build ‘your arena for ocean solutions’ with the recruitment of its first Head of Sustainability and Technology, Silje Bareksten.A press release stated that the development marks another step in an evolution that aims to realign the event week to support, serve and enable the maritime industry of tomorrow."Over the course of 2018 Nor-Shipping has rebranded, repositioned to help its maritime base exploit the potential of increasing ‘ocean industry’ activities and announced that its exhibition Hall A will now focus on the Blue Economy…

Image: Port of Kiel

Kiel Port Ends Most Successful Cruise Shipping Season

On Sunday October 28th with the visit of the “AIDAbella” Port of Kiel closed its latest cruise shipping season.This year the port has been visited 166 times by 33 different cruise ships with a combined gross tonnage of more than 11 million. For the first time close to 600,000 cruise ship passengers, 16.4% more than last year, have passed through the port’s terminal facilities to end or embark on cruises.Dr Dirk Claus, Managing Director of the Port of Kiel(Seehafen Kiel GmbH & Co.

Johan Roos (Photo: Interferry)

Interferry Welcomes EEDI Status Quo for RoRo Vessels

Trade association Interferry has welcomed this week’s decision by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) to uphold previously agreed sector-specific Energy Efficiency Design Index (EEDI) targets for ro-ro passenger and ro-ro freight vessels.The committee’s latest session – MEPC 73 – tightened EEDI requirements for certain ship types, but confirmed that ferries would be among the categories where it is appropriate to retain the original timeline and reduction rates.

Logo: The London P&I Club

London P&I Club Issues Guide to ECDIS Management

THE London P&I Club has joined forces with London Offshore Consultants (LOC) to produce a guide to the proper management of ECDIS (Electronic Chart Display and Information System) on board ships.The driving force behind the publication, ‘Is your ECDIS contributing to safe navigation or introducing risk?’ is the increasing number of negative findings recorded by the club during ship inspections which are attributable to the manner in which the introduction of ECDIS on ships is being managed.In the latest issue of its StopLoss Bulletin…

Image: Sembcorp Marine

SembMarine Sinks into USD 21.75 mln Loss in 3Q

Singapore-based rig builder Sembcorp Marine (Sembmarine) has reported a loss of S$30 million (US$21.75 million) in the third quarter of the year amid lower revenues and reduced activity. For the nine months to September 30, 2018 the loss is $80.1 million, compared to restated earnings of $142.9 million in the same period previous year.According to a stock exchange annoucement from the Asian company based in Singapore, the net loss for both 3Q and 9M periods were mainly due to…

Deirdre Clune. Photo: European Sea Ports Organisation

EU Hails Maritime Single Window Environment

The European Parliament’s Committee on Transport and Tourism has recently published the draft report on the Commission’s proposal for a Regulation establishing a European Maritime Single Window environment.The rapporteur, Member of the European Parliament (MEP) Deirdre Clune of European People's Party (EPP)-Ireland rightly focuses in her draft report on the harmonisation of data elements and data sets, advocates the cooperation between customs and maritime authorities at both national and Union level and recognises that…

Richard Greiner, Moore Stephens partner, Shipping and Transport

Moore Stephens: Ship Operating Costs to Rise in 2018, 2019

International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance. The cost of drydocking is expected to increase by 2.1% in 2018 and by 2.3% in 2019…

File Image / CREDIT: AdobeStck © Kalyakan

Drewry: Car Carrier Sector Recovering Despite Rising Uncertainty

Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilization.But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, according to the Finished Vehicle Shipping Annual Review and Forecast 2018/19 report published by global shipping consultancy Drewry.Seaborne trade in finished vehicles has recovered strongly from a low in 2016, recording growth of approaching 6% in 2017 to 37.5 million ceu.

(Photo: DP World)

DP World's Dubai Shipping Box Volumes Slide in Q3

DP World's shipping container volumes in Dubai fell 6.7 percent in the third quarter, with the port operator warning on Tuesday that the near-term outlook for Dubai's major Jebel Ali Port remained challenging.DP World operates Dubai's Jebel Ali, a major transhipment port and the largest port in the United Arab Emirates, and the Mina Rashid port.Dubai government-controlled DP World, one of the world's largest port operators, blamed the fall in cargo volumes on the challenging macro…

MS Eurodam retrofitted with ABB shore power connectors (Photo: ABB)

Shore Power: Holland America Line Plugs In

ABB shore power connectors retrofitted to three Holland America Line vessels will help these ships achieve low emissions in port anywhere in the world.Cruise line Holland American Line will retrofit three of its vessels with ABB’s innovative shore power connectors that allow the ships to draw on land-based electrical grids when docked in port.Holland America Line proactively encompasses programs that aim to reduce emissions and comply with international regulations and environmental guidelines – and seeks to exceed these requirements wherever possible.

(L-R) Bastian Gehnke of Navis, Thiemo Ullrich from Zeaborn, an Yuvraj Thakur and Julien Dufour of Verifavia Shipping at SMM 2018 (Photo: Verifavia)

Verifavia Signs with Two Ship Managers

Verifavia, an emissions verification company for the transport sector (aviation and shipping), has announced major cooperation’s with two of the world’s largest ship managers, namely Wallem Ship Management in Hong Kong and Zeaborn Ship Management in Hamburg (a consolidation of E.R. Schiffahrt and Rickmers Shipmanagement), to conduct verification services for European Union (EU) Monitoring Reporting and Verification (MRV) and the International Maritime Organization’s (IMO) Data Collection System (DCS)…

Left, Satellite communication equipment. Right, Satellite communication equipment and data-collecting equipment. Pic: NYK Line

Internet of Ships Open Platform Establishes Testbed

A testbed was established for an Internet of Ships Open Platform (IoS-OP), and for the test NYK provided a next-generation onboard IoT platform that the company has been developing with MTI Co. Ltd., an NYK Group company, and Nippon Telegraph and Telephone Corporation (NTT).The NYK Group will proactively make use of the IoS-OP to improve safety and reduce environmental loads, and thus create an innovative, new business model.The IoS-OP consortium was launched in June 2018 by ShipDC…

Image: Panalpina

CMA CGM Enters Sustainability Partnership with Panalpina

French ocean carrier CMA CGM and Panalpina, the world’s fourth biggest ocean freight forwarder by transport volumes, have signed a sustainability agreement aimed at reducing their respective carbon emissions by 2025.As of 2020, newbuild LNG-powered mega-vessels with a capacity of 22,000 twenty-foot containers (TEUs) will help achieve the environmental goals.Aiming at responsible development in ocean freight, Panalpina and CMA CGM have signed a sustainability agreement for maritime…

Image: Union of Greek Shipowners (UGS)

Greek Shipowners Meet Danish Shipping

The Union of Greek Shipowners (UGS) has welcome to its premises the Board of Directors of Danish Shipping in the context of the bilateral meetings of the two national shipowners’ associations.Representing two traditional maritime nations, the Board of Directors of Danish Shipping, headed by its Chairman, Niels Smedegaard, met with the President,Theodore Veniamis and members of the UGS Board of Directors and engaged in what was described by both sides as “an open and constructive…

Marco Ryan, Chief Digital Officer & EVP, Wärtsilä. Photo: Wärtsilä

Marco Ryan Plots a Digital, Connected Course for Wärtsilä

When talk turns to the digital revolution sweeping through the maritime industry, one need look no further than Wärtsilä, which has evolved from a shipbuilding company to an engine manufacturer, and is now embarked on a historic digital transformation led by Marco Ryan, Chief Digital Officer & EVP. We met with Ryan recently in Hamburg, Germany, to discuss the path and pace forward.To start, please lay out the scope of your responsibilities.At a high-level my job is to architect and deliver the transformation (of Wärtsilä) to a smart technology company.

The Standard Club Withdraws from Underwriting at Lloyd's

The world’s fourth largest P&I club announced Thursday that it is withdrawing from underwriting at Lloyd’s from 2019.The Standard Club had established a syndicate in 2015 to underwrite marine and energy risks. It represented one strand of the club’s broadly-based strategy to provide its members with a wider range of insurance covers to meet their needs and diversify the club’s source of revenues.The club said it in press release that remains committed to these strategic aims but…

Photo: SpecTec

SpecTec Partners with iMarine Software

AMOS now offers integration with SeaProc, providing seamless electronic quotation management for an optimized procurement cycle. Seaproc also offers sourcing tools within it platform to achieve cost efficiency.Marine buying organizations can now enjoy significant speed, accuracy and ease in handling transactions. Requests for Quote, Quotations, Purchase Orders, Contracts, Invoicing and Delivery Receipts are directly interfaced with Amos. This allows buyers to conduct all their daily activities within the Amos platform as all communications…

InterManager President Björn Jebsen speaking at the InterManager AGM. (Photo: InterManager)

Ship Managers Look for Areas to Collaborate

Ship managers gathered in London this week for the Annual General Meeting of their industry trade body – InterManager – where they discussed plans to work together to identify solutions to the challenges facing today’s ship management sector.Addressing the AGM gathering at the London offices of Willis Towers Watson, InterManager President Björn Jebsen said, “Going forward, InterManager members will pool resources and share experience to seek solutions and identify best practices to meet the challenges our sector faces and identify innovative and successful solutions.”He pointed out…

© currahee_shutter / Adobe Stock

Predictive Analytics Drives Better Crew Travel Management

Managing crew travel is just one area that can cause sleepless nights for shipping industry professionals. As someone who works in this specialist and incredibly dynamic sector, I know first-hand how quickly things can change. Overcoming challenges is just part of the day-to-day.Maritime organizations have a very particular set of needs when it comes to having the right personnel available at the right time. Seafarers’ travel is mission-critical and their working patterns are governed by tight regulations.

Jeong-kie Lee, Chairman and CEO, Korean Register

Interview: Jeong-kie Lee, Chairman, Korean Register & IACS

This month we caught up with Jeong-kie Lee, Chairman and CEO of the Korean Register and also the Chairman of the International Association of Classification Societies (IACS), for his insights on the dominant trends moving the maritime industry into the future.The maritime industry has been challenged, to say the least. Today, where do you see challenge? Where do you see opportunity?The maritime industry is in a state of extreme upheaval, with private and public organizations having to deal with a wide range of ever changing…

U.S. Coast Guard Commandant Admiral Karl L. Schultz

U.S. Coast Guard's Maritime Commerce Strategic Outlook released

U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their "VISION for Enabling Maritime Commerce." He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deep-water ports and protected straits and bays. This geostrategic advantage favorably shapes our Nation’s security…

Maritime Administration Issues RFP for NSMV Training Vessels

Vessel Construction Manager Will Deliver National Security Multi-Mission Vessel. Today, the Maritime Administration (MARAD) released a Request for Proposal (RFP) to solicit for a Vessel Construction Manager (VCM) to deliver a new class of training ships referred to as a National Security Multi-Mission Vessel (NSMV). The VCM selected by MARAD will contract with a qualified shipyard to ensure that commercial best practices are utilized in delivering the NSMV on time and on budget.“A new multi-mission vessel built by an American Shipyard will not only create new jobs…

(Photo: Ceva Logistics)

CMA CGM Says No Plans to Take Over Ceva Logistics

French shipping company CMA CGM has no plans to launch a full takeover for Ceva Logistics after the Swiss transport company on Thursday said it had rejected a $1.5 billion takeover offer from a third party.CMA CGM, Ceva's biggest shareholder with a 25 percent stake, has now been allowed to increase its holding to one third -- the trigger point where it would have to launch a full takeover under Swiss regulations."The end of the standstill agreement means CMA CGM now has the right to increase its shareholding in Ceva…

Global consumption of primary energy by fuel type (million tonnes oil equivalent). Graph: Drewry Maritime Research

Optimism in Multipurpose Shipping: Drewry

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

© Kpics / Adobe Stock

AGL LNG Import Project Slowed by Environment Review

Plans by Australia's AGL Energy to start importing liquefied natural gas from 2021 will be delayed after the state of Victoria called for the company and its pipeline partner to submit a full environmental assessment of their project.The review process typically takes nine to 12 months, which means AGL will not be able to reach a final investment decision on the A$250 million ($178 million) jetty project by June 2019, as it had hoped.AGL had been on track to be the first of four…

File Photo: Star Bulk

Star Bulk Carriers Announces $310mln Loan for Vessels, 50 Scrubbers

Star Bulk Carriers announced that it has entered into a $310 million loan agreement, which includes a $70 million tranche (Green Loan Tranche) that will exclusively finance the procurement and retrofitting of scrubbers for up to approx. 50 vessels in Star Bulk’s fleet. According to a press release from the global shipping company focusing on the transportation of dry bulk cargoes, DNB Bank, acted as the Mandated Lead Arranger, Facility Agent and Coordinator, along with ABN AMRO Bank…

Rev. David M. Rider, President & Executive Director, Seaman’s Church Institute. (Photo: SCI)

New Mental Wellbeing Guide for Seafarers

In a joint initiative, the American Club and Seamen's Church Institute (SCI) have cooperated to produce a new guide, Caring for Seafarers’ Mental Wellbeing, due for release on October 10 in recognition of World Mental Health Day, 2018.The document provides guidance on responding to both routine and extreme stressors impacting the quality of life and safety of seafarers both ashore and afloat, and seeks to promote awareness generally of the importance of seafarer mental well being.Numerous…

(Image: ClearLynx)

ClearLynx to Launch Lite Version

ClearLynx, LLC said it will launch a brand new ‘Lite’ version of its platform in mid-October 2018. Aimed at all parties in the marine fuel industry interested in accessing bunker data for their businesses, ClearLynx Lite focuses on data information to provide up-to-date visibility into a new supply environment.“Our platform is more than just a toolbox for bunker buyers,” said Tammi Ingannamorte, VP of ClearLynx. “Our products are already used by a diversified group of clients, in a variety of ways.

(Photo: Hapag-Lloyd)

Hapag-Lloyd to Introduce Cleaner Fuel Charges from 2019

German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules.The Hamburg-based firm said on Monday that it has developed what it will call a marine fuel recovery mechanism (MFR), which it will gradually introduce from Jan.

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Decarbonization: 34 Maritime CEOs Call for Action

A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…