Dry Bulk, Container Markets Strengthened in 2017: Torvald Klaveness
The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017, said Norwegian shipping company Torvald Klaveness. Torvald Klaveness managed to improve its financial results in 2017, but they “were still not at a satisfactory level”, Torvald Klaveness said. Earnings before tax (EBT) for 2017 ended at a loss of USD -2 million. Torvald Klaveness maintained a high solidity and good liquidity in 2017. Stronger markets resulted in improved results for the container segment and the dry bulk segment compared to 2016.
Herlofsen Elected to Statoil’s BoD
In a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) 18 March 2015, Rebekka Glasser Herlofsen was elected as new shareholder representative to the company’s board of directors. Grace Reksten Skaugen withdraws from the position as a member of Statoil’s board of directors. Reksten Skaugen had at an early point in time informed the nomination committee that she did not wish to stand for re-election in 2015. Since 2012, Herlofsen has been the Chief Financial Officer in the Norwegian shipping company Torvald Klaveness.
Herlofsen Joins Statoil’s Board of Directors
In a meeting in the Corporate Assembly of Statoil ASA March 18, 2015, Rebekka Glasser Herlofsen was elected as new shareholder representative to the company’s board of directors. Grace Reksten Skaugen withdraws from the position as a member of Statoil’s board of directors. Reksten Skaugen had at an early point in time informed the nomination committee that she did not wish to stand for reelection in 2015. Since 2012, Herlofsen has been the Chief Financial Officer in the Norwegian shipping company Torvald Klaveness.
Chinese Dry Bulk Import Up 20% in February
Chinese seaborne dry bulk import totaled 124Mt in February, up a massive 20% compared to the same month last year when adjusted for the extra day in February last year, says Klaveness dry bulk research report. YTD import is up 17% compared to the same period last year. The import of the top 4 commodities (Iron Ore, Thermal & Coking coal and Soybeans) increased with 19% YoY (+13.3Mt). YTD imports are up 19% compared to the same period last year. Excluding those 4 commodities from the figures, imports in February were up 27% YoY (+5.1Mt).
M&M Appoints Lunde to Directors Board
Maritime and Merchant AS (to be renamed Maritime & Merchant Bank ASA), which was granted a banking license by The Financial Supervisory of Norway (FSAN) on the 28th of January for establishing a global bank dedicated solely to the shipping and offshore industries, has announced the appointment of Dagfinn Lunde to its Board of Directors. Lunde brings more than 30 years experience gained from leadership roles at several leading shipping, banking and consulting companies. His international experience includes management positions within the Klaveness Group of Companies…
Edvardsen Takes the Helm at VesselMan
VesselMan announced the appointment of Glenn Edvardsen as its new CEO effective March 1, 2018. Prior to joining VesselMan, Edvardsen held a position of VP and Head of shipping at StormGeo. The master mariner shipping and marine industry has been a part of his life for the last 20 years. With his experience from international business he has extensive knowledge and network within shipping, digital development and change development Glenn will be a valuable addition to our team.
Videotel Secures NMA Approval
Videotel, the leading international provider of e-Learning maritime training solutions and a company of KVH Industries, Inc., has received the approval of the Norwegian Maritime Authority (NMA) for its security training courses. Videotel’s “Maritime Security Awareness,” “Designated Security Duties,” and “Shipboard Security Officer” training courses have been approved in their entirety by the NMA for meeting the Standards of Training, Certification and Watchkeeping (STCW) codes, and seafarers completing these courses will receive the necessary qualifications and certificates for shipboard duty.
IMO Approval, OptiMarin Ballast System
OptiMarin AS has received Type Approval Certificate for the OptiMarin Ballast System (OBS). The Type Approval Certificate has been issued by Det Norske Veritas (DNV) on behalf of the Norwegian Maritime Administration and confirms OptiMarin’s compliance with IMO’s International Convention for the Control and Management of Ship’s Ballast Water and Sediments, 2004. The OptiMarin Ballast System has been tested extensively at the Norwegian Institute for Water Research (NIVA) in accordance with IMO’s G8 guidelines with excellent results.
Trident Alliance Formed, First Members Announced
The Trident Alliance, a shipping industry initiative for enforcement of maritime sulphur regulations, has today been formally launched. The Trident Alliance is a coalition of shipowners and operators who share a common interest in robust enforcement of maritime sulphur regulation and are willing to collaborate to help bring it about. The Alliance will partner with other groups who share its interest in robust enforcement, to support this objective. The Trident Alliance welcomes all shipping companies that subscribe to the above.
CSL St-Laurent on Maiden Voyage
The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set sail on her maiden voyage on December 13. She departed at 20:00 CST from Yangfan shipyard on Zhoushan Island, China, en route to Canada where she is set to operate throughout the Great Lakes and St. Lawrence River. The vessel is commanded by Captain Kevin Crouse and Chief Engineer Paul Beaudet, and is expected to take approximately 50-60 days to complete her voyage.
North P&I Club Sponsors the UK Premiere of ‘The Last Ship’
North P&I Club sponsored the Northern Stage’s production of ‘The Last Ship’, and support Newcastle’s vibrant culture and maritime connections. ‘The Last Ship’ tells a powerful story of community and social history, centring upon the demise of Tyne and Wear’s shipbuilding industry and the impact it had upon the people of the North East. It is Sting’s personal, political, and ardent musical, and has returned to the singer’s home town of Newcastle before embarking on a tour of towns and cities around the UK.
RH Taps Bannerman to Head Americas
Effective April 1, 2018, Radio Holland Group appointed Philip Bannerman as Regional Director Americas. Bannerman will be based at the RH regional head office in Houston and will be responsible for all offices and activities of Radio Holland in the Americas region, being USA, Canada, Curaçao, Panama, Brazil and Trinidad & Tobago. Philip Bannerman is a senior business development executive with 20 years in the international maritime, cruise and energy industries. He holds a degree in Aeronautical Engineering from Glasgow University.
Korea Lines orders two VLCCs at Hyundai Heavy
South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the 2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…
Seaspan Buys GCI from Carlyle
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet, will take over GCI’s 16 on the water 10,000-14,000 TEU containerships plus two newbuilds scheduled for delivery during Q2 2018. All 18 vessels sister ships to Seaspan’s current fleet. “With GCI’s fleet now under our ownership…
Keel Laid for National Geographic Polar Ship
Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, and Ulstein Group, Norwegian shipbuilder and ship designer, celebrated the keel laying of Lindblad’s first polar new build. The keel laying at the CRIST shipyard in Gdynia, Poland, marked a milestone in the construction of the sophisticated expedition ship, and served as the official naming ceremony of the line’s latest addition to the Lindblad-National Geographic fleet.
Charleston Harbor Deepening Construction Begins
At a ceremony held earlier in March, officials celebrated the beginning of construction on the Charleston Harbor Deepening Project to 52 feet. "It is a monumental accomplishment to begin construction on the Charleston Deepening Project, which make Charleston the deepest port on the East Coast at a time when deep and wide shipping channels are necessary," said Jim Newsome, South Carolina Ports Authority president and CEO. "The container shipping industry today is dominated by big ships, and ports must adapt to handle them in order to remain competitive.
BIMCO Adopts Ship Financing Term Sheet
In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016. BIMCO President Philippe Louis-Dreyfus said, “I am particularly pleased to see BIMCO taking this important step. BIMCO is the world leader in the production of standard contracts and clauses for the maritime industry. It is only natural that its documentary activities also cover ship financing – an issue which has become increasingly important and challenging over the years…
DP World to Build, Manage Congolese Deepwater Port
Dubai ports operator DP World will build and manage a new deepwater port on Democratic Republic of Congo's Atlantic coast, the Central African country's transportation minister said on Wednesday. Jose Makila told reporters that DP World would hold a 70 percent ownership stake in the port at Banana while the government would control 30 percent. Reporting By Amedee Mwarabu
Cepsa Debuts South Europe's First Multi-product LNG Supply Vessel
Cepsa presented in the Port of Huelva the first multi-product marine fuel supply vessel in southern Europe. The vessel, based in the port of Huelva, will provide ship to ship Liquefied Natural Gas (LNG), in addition to traditional fuels: fuel oils and diesel. State-of-the-art technology has been used in its construction including a new fuel measurement system, based on Mass Flow Meters technology, which guarantees the accuracy in the supply of fuel to vessels. The new multipurpose vessel (OIZMENDI)…
Stopping the Spread of Invasive Species
Non-native species can be spread from ocean to ocean via ship. They may be carried via ballast water or attach to the hulls and other parts of ships, hitching a ride across the oceans. International Maritime Organization (IMO) is addressing this problem through the Ballast Water Management (BWM) Convention, which entered into force in September 2017 and requires ships to manage their ballast water to limit the spread of aquatic organisms. Also, IMO’s Biofouling Guidelines address bioinvasions via ships’ hulls.
IMO Celebrates 70 Years with Her Majesty Queen Elizabeth II
Seventy years to the day since the treaty establishing the United Nations International Maritime Organization (IMO) was adopted, Her Majesty Queen Elizabeth II marked the occasion at IMO Headquarters in London on Tuesday (6 March). Accompanied by IMO Secretary-General Kitack Lim, Her Majesty Queen Elizabeth II unveiled a commemorative plaque and cut an anniversary cake. Her Majesty also met some of the guests attending the event, including representatives of IMO Member States, inter-governmental and international non-governmental organizations, and IMO Secretariat staff.
Recent Casualties Highlight Importance of Cargo Insurance - iContainers
The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These incidents underscore the importance of always buying cargo insurance to protect merchandise and cushion damage, says Klaus Lysdal, Vice President of Sales and Operations at iContainers, a 100 percent online freight forwarder. The major fire…
Hyundai Samho Heavy Industries Delivers Green VLCC
Hyundai Samho Heavy Industries (HSHI) has completed building a scrubber-equipped Very Large Crude oil Carrier (VLCC), the first of two ships ordered by Greek shipowner Almi Tankers in August 2016, reported the Pulse. The affiliate with South Korea's largest shipbuilder Hyundai Heavy Industries (HHI) said that the VLCC is fitted with an exhaust gas cleaning system that can meet stricter restrictions on sulphur oxide emissions that will come into force in 2020. HSHI on Tuesday held a naming ceremony for the oil tanker.
Ship Naming Ceremony is held for Sinopacific's First Fabricated Ship
Ningbo, April 29, 2011 —— On the morning of 29 April, Sinopacific Shipbuilding Group, China’s leading private shipbuilding enterprise held the ship naming ceremony at its Zhejiang Shipyard for GPA696, the global first fabricated model of Offshore Support Vessel(OSV) built for France’s Bourbon Company. Afterwards, a sea trial event was also held for another global first fabricated OSV, the SX130. Attending this event were Ningbo Mayor Liu Qi, Sinopacific Shipbuilding Group Chairman and CEO Simon Liang…
KVH’s IP-MobileCast Service Providing an Edge
KVH Industries, Inc., (Nasdaq: KVHI), announced today that numerous global fleets have subscribed to or expanded their deployments of its IP-MobileCast content delivery service in recent months, reflecting the increased importance that ship managers are placing on the competitive advantages of a focus on staffing optimization. Navigator Gas, operator of a fleet of liquefied petroleum gas (LPG) tankers with worldwide clients, selected IP-MobileCast for 28 vessels. OSG Ship Management…
Ernst Russ Sells Marenave Schiffahrts Stake
German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany. "The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector. This was concurrent with the strategic approach of Ernst Russ Group and offered potential to enter into a successful partnership," said a statement from the company. After acquiring a larger block of shares in January 2018, Deutsche Balaton AG held a total of 21.34 % of all shares.