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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…

Pic: Global Ship Lease

Global Ship Lease Bags Refinancing Deal

Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner, the new syndicated $268m credit facility is signed with a number of commercial lenders including Credit Agricole Corporate and Investment Bank, ABN AMRO Bank, CIT Bank, Hellenic Bank and Siemens Financial Services.GSL expects to draw down the first tranche of the New Senior Loan, in full, of $230 million shortly…

Pic: Dynagas LNG Partners LP

Dynagas LNG Secures $675Mln Loan

Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, announced it has secured a $675 million syndicated loan from leading international banks.The credit facility will be secured by mortgages on the partnership’s entire fleet of six LNG carriers, the Monaco-headquartered company said.This move is expected to help the company eliminate its existing dept of totaling $720 million.Tony Lauritzen, Chief Executive Officer, Dynagas LNG Partners said: "We are pleased to enter into this transformative re-financing.

Photo: TNPA

Port of Cape Town Orders Workboat Pair

Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine operations at the Port of Cape Town and ensure it is recognized internationally for excellence.The more powerful workboats are expected to improve the port’s ability to maintain marine operations during challenging weather conditions. The engines will be approximately 20% more powerful on the new workboats and the bollard pull will be 80% greater as a result of advanced propeller and rudder designs.The Port of Cape Town presently has two workboats…

Photo: Cummins

Turkey/Norway Diesel-Electric-Battery Ferry

With a rugged coastline and many fjords to cross, Norway has become a world leader in progressive ferry design. Turkey, with a skilled work force and broad marine experience has become a leader in ferry construction. Put the two together and you have the teamwork that results in the Basto series of RO-RO ferries.The latest in the class, Basto VII, to be launched in December of 2019, will have at its heart, four Cummins QSK50 IMO Tier III diesel-powered generator sets, two in each end and each producing 1290 kWm.

Image: Vitol

Vitol, ENH Form LNG Trading JV

Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The Dutch energy and commodity trading company said in a press note that ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. It is anticipated ENH’s share will increase over time.ENH Energy Trading will focus on energy commodities, in particular LNG, LPG and condensate, enabling ENH to create additional…

Image: Port Nelson

Port Nelson Reports Continued Steady Growth

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018. Net Profit After Tax, including a $2.6 million increase in the valuation of investment property, was $15.3 million.In consideration of the steady growth of the region’s exports through the port and the promising returns on investments…

Pic: Siemens Gamesa

Siemens Gamesa Ups 'Green' Credit to $1.4Bln

Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has increased the amount of guarantees that qualify as "green" to €1.25 billion ($1.4Bln) as they contribute to the United Nations Sustainable Development Goals (SDG).The deal, arranged with BNP Paribas, adds €350 million to the existing line of €900 million in "green" guarantees arranged with other banks.Siemens Gamesa will use this line to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide…

Photo: Fincantieri

Fincantieri: New Design for MSC Seashore

A traditional maritime coin ceremony  took place at the Fincantieri shipyard in Monfalcone, Italy, when the keel was laid for MSC Seashore. At the milestone event, MSC Cruises revealed details of the significantly transformed overall design and new features of the ship.MSC Seashore will be the Company’s longest ship – 339 meters – when she enters service in June 2021, the first of two enriched “Seaside Evo” Class ships with the latest available environmental technology, extended public spaces, more cabins and the highest ratio of outdoor space per guest of any ship in the company’s fleet.

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.

Port of Incheon. Image credit Incheon Port Authority

South Korea to Slash Passenger Vessel Emissions with ABB

ABB will install Port of Incheon’s first shore-to-ship power solution, enabling passenger vessels to cut emissions, noise and vibrations at berthABB has secured the contract covering South Korea’s commitment to sustainable shore-to-ship power, after a pilot scheme for passenger ships to plug into the local grid received the go ahead from Incheon Port Authority (IPA).In addition to a new $160 million ferry terminal opened in April 2019, Port of Incheon inaugurated South Korea’s largest cruise terminal in June this year.

MacGregor Secures $22 mln in Contracts

MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than $22 million and the contracts include ramps, car deck and lifting platform equipment. The orders were booked into Cargotec's third quarter 2019 order intake, with deliveries planned to commence during the third quarter of 2020 and completed during the first quarter of 2027.

Image: Trafigura

Frontline Says No to Tankers Options from Trafigura

The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced an agreement with TML  to acquire ten Suezmax tankers, with two separate options to acquire two plus two additional Suezmax tankers.The options were part of a deal reached between the two companies last month to acquire ten Suezmax tankers…

Wang Haimin. Photo: COSCO Shipping Corporation

Cosco Names New CEO for OOIL

Cosco-owned  Hong Kong containerline  Orient Overseas (International) Limited (OOIL)  said its chief executive Huang Xiaowen has resigned and Wang Haimin will succeed him.Executive director Zhang Wei has also resigned. OOIL said Huang and Zhang resigned due to "work commitments."Wang Haimin, aged 47, comes from Cosco, which recently acquired the Hong Kong-based company.Wang was elevated to the top management as a vice-president of Cosco Shipping in February, and became the vice-chairman of Shanghai-and Hong Kong-listed Cosco Shipping Holdings…

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.

Photo courtesy of Crowley Maritime

Crowley Awards Scholarships to Four Cal Maritime Students

Crowley Maritime Corp. awarded Thomas B. Crowley Sr. Memorial Scholarships to four California State University Maritime Academy (CMA) cadets at the Containerization and Intermodal Institute’s Connie Awards last night in Long Beach, Calif.The recipients earned the scholarships based on their academic achievement, financial need and their interest in pursuing careers at sea.Spencer Hoffman, a third-year student from Loomis, Calif., is currently a junior studying marine transportation. He serves as a cadet ambassador for the academy.

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: American Roll-on Roll-off Carrier

ARC to Christen 3 Vessels on Friday

American Roll-on Roll-off Carrier (ARC) will christen the ARC Resolve, ARC Integrity and the ARC Independence, welcoming three of the most versatile and militarily-useful ships to the U.S.-flag commercial fleet, on Friday in the Port of Baltimore.ARC’s three, new vessels will be enrolled in the Maritime Security Program (MSP), the bedrock Congressional maritime readiness program, and the Voluntary Intermodal Sealift Agreement (VISA).Maritime Administrator Mark H. Buzby will deliver the keynote address at the ship naming ceremony.

Pic: DryShips

DryShips Installs Scrubbers on 7 Vessels

Greek diversified owner and operator of ocean going cargo vessels DryShips announced that further to its plan to future proof its fleet, it has completed the dry-docking, installation of ballast water treatment systems (BWTS) and scrubbers on 7 vessels.DryShips has incurred approximately $26.1 million of total costs and 300 off-hire days future Proofing of the its fleet."Within 2020, we expect to continue to execute our plan to upgrade additional vessels and we expect to incur approximately 843 off-hire days for a total estimated cost of $65.8 million…

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: ChartCo

ChartCo Opens New Office in Greece

ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this region for the shipping industries.The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore, cruising and superyachts all around the world and has a prominent presence of offices in the UK, Europe and Southeast Asia.Over the past decade…

Map to show the location of SPEC LNG. Avenir LNG

Colombia's SPEC LNG Expands

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include, among others, cool down of conventional LNG carriers and reloading of small LNG cargoes for onward distribution throughout Latin America and the Caribbean.Jose Castro…

 Pic: NYK

NYK in ESG Index for 17th Year in a Row

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives, is composed of selected sustainability-driven companies from over 3,500 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic…

Hamburg Süd Launches INSTANT

Hamburg Süd has expanded the e-commerce offerings on its website and is now offering INSTANT, a digital application that is designed to make booking containers easier and faster. Within just a few seconds, INSTANT users will be able to view fixed prices and book their cargo directly – all of it online. Bookings can be made up to four weeks prior to the planned shipment. The earlier the booking is made, the lower the total price for the customer – and subsequent price changes or additional fees will no longer apply.

(Photo: Sovcomflot)

Sovcomflot CEO to Switch to Chairman

Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday.Frank will give up operational control of Sovcomflot and take over as chairman of the company's board, two of the sources said.It was not immediately clear why Frank, 59, was moving position.

Image: Golden Ocean Group

GOGL Ups Investment in Singapore Marine

Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss Marine is a privately owned freight operator founded in 2001 that transported over 120 million metric tons of cargo in 2018.The Bermuda registered GOGL said in a press note that including new commitments from Golden Ocean of $9.5 million in equity and $0.7 million in the form of a shareholder loan…

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…

Feng Boming. Photo: Cosco Shipping Ports

Cosco Shipping Ports Names Feng Boming as Chairman

Cosco Shipping Ports (CSP), the biggest terminal operator in the world, has appointed Feng Boming as its new chairman, replacing Zhang Wei who has quit the position.Feng  Boming, a non-executive Director of the Company, has been re-designated as an Executive Director of the company and appointed as the Chairman of the Board.Zhang Wei confirmed that he had no disagreement with the Board and there was no matter relating to his resignation that would need to be brought to the attention…

Pic: Port of Oakland

Oakland Port Refrigerated Exports Jump 20%

The Port of Oakland’s refrigerated exports have jumped 20% in past year. The Port said it handled 119,756 20-foot containers of refrigerated exports from August 2018 through July 2019. That was up from 99,740 in the same period a year ago."The figures reinforce Oakland’s position as the largest exporter of refrigerated cargo in containers among U.S. ports," said a press release from the container ship facility located in Oakland, California, in the San Francisco Bay.“Our business partners are investing to meet increased overseas demand for U.S.

Photo courtesy of Cummins

Coastal Passenger Ferry for China

The Zhoushan Islands are just off shore of east China's Zhejiang province, and lie south of Shanghai on Hangzhou Bay. The main island is home to a naval base, shipyards and a port. It is a busy island with a well-developed ferry system carrying both people and vehicles back and forth to the mainland. A fine new 690-passenger ferry, Zhoushan Islands Prosperity, has recently been added to this fleet of vessels. It is the largest ferry to date from the Hunan Xiangchuan Shipbuilding Industry Co., Ltd.

Graph: Photo, CTS

BIMCO: Fleet Growth, Ship Size Up

Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter. Despite this rise, the growth figure remains substantially below what the industry has been used to…

Costa Smeralda to be Delivered a Month Late

Citing technical complexities, Meyer Turku is delaying the delivery of the cruise ship Costa Smeralda one month from mid-October to mid-November.With its new LNG propulsion system and many sophisticated rooms with stage and audio/video equipment the complexity and sophistication of the ship is very high in order to create a unique Costa-style passenger experience. Aside from its unique design features also its size of 180,000 GT is much larger than the recently built ships at Turku shipyard.In getting this all to work together with many involved persons and companies…

Photo courtesy of TNPA

LPG Tanks Arrive at Port of Richards Bay

Transnet National Ports Authority’s (TNPA) Port of Richards Bay welcomed the arrival of four new 5650-ton liquefied petroleum gas (LPG) storage bullets on Thursday, September 12th on board the vessel XIN LU.The bullets are for the 22,600-ton capacity mounded LPG facility which is being developed at the port by Bidvest Tank Terminals (BTT), a unit of the Bidvest Group. The terminal will store LPG on behalf of independent LPG specialist Petredec, which ships the fuel from the US and the Middle East.Construction began in October 2018 and the facility is expected to become operational in 2020…

Ana Paula Vitorino, Portugal’s Minister of Sea & Cmdt. Rui Cunha, APDL Port Operations and Security Director, testing the Full Mission Bridge simulator  (Photo: Wärtsilä)

Wärtsilä Simulators for New Portuguese Facility

Wärtsilä has supplied simulators aimed to provide realistic hands-on training at a new facility in Portugal. The training center is developed and run by the Port Authority for the ports of Douro, Leixōes and Vano do Castelo (APDL), and was inaugurated in the end of July at a ceremony headed by Portugal’s Minister of the Sea, Ana Paula Vitorino. The order was placed in October 2018.The center is the country’s largest and most advanced maritime training facility. It features a Wärtsilä Full Mission Bridge (FMB) simulator with 360 degree projection…

Photo credit: Manta Films / Pure Florida

Metal Shark Delivers Foil-assisted Catamaran

Shipbuilder Metal Shark said it has delivered a new excursion vessel to Southwest Florida tour and charter boat operator Pure Florida.Sea Flight is a custom 40’ x 14’ welded aluminum foil-assisted catamaran designed and built to USCG Subchapter “T” standards and configured to carry up to 33 passengers.Designed by Jutson Marine Design, the vessel features a foil-assisted catamaran hull delivering unsurpassed performance, economy, and ride comfort, the builder said. Specially engineered forward and aft transverse hydrofoils elevate the hull at planing speeds to substantially reduce drag…

UK Invests in ‘Maritime and Me’ Diversity Program

UK Maritime Minister Nusrat Ghani has pledged £730,000 (about $910,000) in Government funding to increase diversity, well being and skills in the maritime sector, including £100,000 (about $125,000) for a new scheme in which girls aged 11 to 14 will be paired with inspiring women from the maritime sector to teach them about the range of careers available to them before they make their choice of subjects for their final school examinations with the aim of having more young women…

Image: Tsuneishi Shipbuilding

Tsuneishi Philippines Delivers First Boxship

Tsuneishi Shipbuilding has delivered its first containership newbuilding from its yard in the Cebu, the Philippines.The Philippines yard’s first container vessel, a 1,944 teu Bangkok Max sized ship was delivered on 10 September. The Bangkok Max is the largest size of vessel that can call the port of Bangkok, and the Tsuneishi design is larger than the standard 1,800 teu capacity."Standard Bangkok Max carriers can generally be loaded with about 1,800 20-FT containers, but our new carrier can be loaded with 1…

Amin H. Nasser. Photo: Saudi Aramco

Aramco Suspends 50% of Production

Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the company’s total output.Saudi Aramco said the production of 5.7 million barrels of crude a day had been suspended after drone attacks on the world’s largest oil processing plant at Abqaiq – near Dammam in the Eastern Province – and the country’s second-largest oilfield at Khurais, about 200 kilometers away.Earlier, the oil giant said that emergency crews contained fires at its plants.After visiting the incident locations, Amin H.

Kevin Graney was named president of General Dynamics Electric Boat. Photo: General Dynamics

Graney Name President General Dynamics Electric Boat

General Dynamics (NYSE: GD) appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO’s vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO. Jeffrey S. Geiger, who has served as president of Electric Boat since 2013, will retire effective September 30.Graney began his shipbuilding career with General Dynamics Electric Boat in 1995 as…

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…

Agne Damidaviciute (Photo: Dan-Bunkering)

Dan-Bunkering Welcomes Damidaviciute

Dan-Bunkering (America) Inc. in Stamford, CT, has announced the employment of Agne Damidaviciute as Purchaser.Damidaviciute  comes from a similar position at a company based in The Netherlands, enabling her to add value to the office in Stamford, CT, in terms of procurement experience from day one.She is, however, neither American nor Dutch, but was born and raised in Lithuania, and entered the shipping industry in 2016.Before joining Dan-Bunkering, her education and professional career brought her to Denmark, Brazil and the Netherlands, and finally Stamford, CT, as per September 1, 2019.

CODA Elects Plumb to Board of Directors

Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA), a leader in real-time 3D sonar technology and real-time subsea intelligence, announced the election of J. Charles Plumb, Captain, USNR (Ret.) to its Board of Directors. Captain Plumb was elected at the company’s annual meeting of stockholders.Captain J. Charles Plumb is a retired U.S. Navy fighter pilot and former Vietnam Prisoner of War. He retired from the United States Navy after 28 years of service, and his military honors include two Purple Hearts, the Legion of Merit, the Silver Star, the Bronze Star, and the P.O.W. Medal.

Photo: Sovcomflot

Sovcomflot, NYK Pact on Financing 2 LNG Carriers

Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) and NYK Line have announced that they have signed a new $176 million non-recourse credit facility for eight years with three leading international banks.The banks are: Sumitomo Mitsui Banking Corp. of Japan (through its German subsidiary, SMBC Bank EU AG); Société Générale of France; and Shinsei Bank of Japan. The agreement was reportedly signed through joint venture companies belonging…

Photo: YachtAid Global

YachtAid Delivers Relief to the Bahamas

On Sept. 1, as category 5 Hurricane Dorian ravaged the Bahamas, YachtAid Global’s Operation Topaz prepared to assist.Numerous vessels over 100-ft. LOA deployed swiftly to the Bahamas. They were engaged by YAG in Operation Topaz’ relief effort, using the benevolence of superyacht owners to organize humanitarian aid and disaster relief to the storm ravaged areas of the Abacos and Grand Bahama islands.The vessels were loaded with thousands of pounds of donated emergency provisions to be discharged as directed by the Bahama’s National Emergency Management Agency.

Olivier Casanova (Photo: CMA GCM)

CMA CGM Appoints Casanova Deputy CFO

The CMA CGM Group announced the appointment of Olivier Casanova as Group Deputy Chief Financial Officer.He will also serve as CEVA Logistics’ Chief Financial Officer.Casanova is a graduate from HEC. He started his career in 1991 as an investment banker then became Managing Director at SG Warburg/UBS in Paris and London. He joined Thomson in 2002 where he held various positions, notably as CFO of the Displays & Components Division and then Deputy CFO of the Group before being appointed Head of Strategy and Marketing.

Image: Port of Los Angeles

Los Angeles Port Breaks August Cargo Record

The Port of Los Angeles has set a new single-month cargo record for the fifth consecutive month making it the busiest August in the Port’s 112-year history.During the month, the port moved 861,081 Twenty-Foot Equivalent Units (TEUs), an increase of 4.2 percent over the same period last year, said the nation's premier gateway for international commerce and the busiest seaport in the Western Hemisphere.Eight months into 2019 overall volumes have increased 5.7% compared to 2018, when the Port set an all-time cargo record…

File Pic: Performance Shipping

Nasdaq: Performance Shipping Out of Compliance

Greek boxship owner Performance Shipping disclosed that it has received a noncompliance notification from the Nasdaq Stock Market.The notice was received from the regulator because the company's  closing share price was below $1.00 per share for 30 consecutive days, said the global provider of shipping transportation services through its ownership of vessels.Performance Shipping  intends to monitor the closing bid price of its common stock during a grace period and will consider its options…

Pic: Port of New Orleans

Port NOLA President Says Volume is Booming

Port of New Orleans (Port NOLA) President and CEO, and New Orleans Public Belt Railroad Corporation (NOPB) CEO Brandy D. Christian highlighted record volumes and bold vision for the future in the 2019 State of the Port address.Christian outlined key short- and long-term strategies to capitalize on current momentum and to create opportunities in the future. In the address titled “Opportunity Calls, We Answer,” Christian attributed the successes to collaboration and partnerships…

Anders Jorgen Røine (Photo: Pacific Green Technologies)

Røine Joins Pacific Green Technologies

Pacific Green Technologies Inc. (PGTK) (OTCQB: PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, said that Anders Jorgen Røine has joined the company as Direct Sales Commercial & Business Development Director based in the office in Oslo.Røine has more than 25 years of commercial shipping experience as a ship broker and senior chartering manager in London, New York and Oslo. After he left The Royal Norwegian Navy he joined Simpson Spence & Young in London…

Hurtigruten's MS Roald Amundsen in the Northwest passage - as the first hybrid powered ship to traverse the legendary passage. PHOTO: KARSTEN BIDSTRUP/HURTIGRUTEN

Hurtigruten Hybrid Completes NW Passage Trip

This week, Hurtigruten’s expedition cruise ship MS Roald Amundsen wrote a new chapter in exploration history – the first battery-hybrid powered ship to traverse the Northwest Passage.As the MS Roald Amundsen arrived Nome, Alaska, in the evening of September 10, captain Kai Albrigtsen could make a monumental entry in the ship’s logbook: The first complete passage of the more than 3.000 nautical miles passage from the Atlantic to the Pacific, by hybrid propulsion."Every expedition cruise with Hurtigruten is unique, yet this green milestone is literally making history with our guests.

Photo: SunStone

China-Built Cruiser Delivered to Sunstone

China Merchants Heavy Industry has delivered an expedition cruise vessel to SunStone Ships, the first of its next-genn INFINITY-class vessel and perhaps more significantly China's firm entrance into the cruise ship building sector.The arrangement to bring this ship from drawing board to delivery slip is the culmination of marrying European cruise design and quality with Chinese ship-building efficiency. The vessel will be chartered out to Aurora Expeditions.https://www.marinelink.com/news/cruise-ship-construction-china-rising-438788The vessel has departed China Merchants Heavy Industry…

Photo courtesy of Vestdavit

Vestdavit to Equip Norwegian CG Vessels

Vestdavit secured an order to supply three new Norwegian Coast Guard vessels with davits equipped for polar conditions, in a project which also calls for installation of a deck-mounted transfer system for rapid deployment.The ships are being built by Vard Group within the P6615 project to replace Nordkapp-class ships with a new generation of search-and-rescue, surveillance, and oil recovery vessels. The 136m length newbuildings have been developed for worldwide operations including arctic areas and will feature ice-strengthened hulls and ice-class notation on their delivery from Vard Langsten…

Port of Liverpool (Photo: Peel Ports)

Yang Ming Hails New Liverpool Service

A new express feeder service to Liverpool has smashed its initial targets almost immediately after launching in June, underlining demand for a direct Far East call at the port.The weekly Yang Ming service from Southampton is now operating at 150 boxes per week, three times more than expected, transporting mainly retail goods to distribution centers in the North West.B&M is one of the national chains driving this growth and is saying it would move 100 per cent of its cargo from…

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…

Representatives from the Panama Canal and the Port of Rotterdam meet in Panama. Photo: Panama Canal Authority (ACP)

Panama Canal Signs MoU with Rotterdam Port

The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America.Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects."The Expanded Canal continues to reshape global trade routes today…

Image: Hyundai Heavy Industries Group

Hyundai Wins LNG carrier Order from H-Line

Hyundai Samho Heavy Industries (HSHI), a unit of the South Korean shipbuilder Hyundai Heavy Industries (HHI), has won an order for a liquefied natural gas (LNG) carrier.According to a stock exchange announcement by HHI, the deal has a value of $191.2 million.Yonhap reported that, under the deal with H-Line Shipping Co., a midsize South Korean shipper, Hyundai Samho will deliver the vessel with a cargo capacity of 174,000 cubic meters by December 31, 2021.Hyundai Samho, under Hyundai Heavy Industries Group…

Mid-Atlantic Maritime Academy Announces Management Changes

Mid-Atlantic Maritime Academy’s President and CO-CEO, Capt. Ed Nanartowich, announced a reorganization of the upper management tier of the school.The move supports both deck and engine course development efforts, special project, and the schools curriculum expansion projects. Chief Engineer Doug Puritis, was appointed Vice President of Academics and spearheads all course development projects as well as servicing as an advanced course instructor and course developer.Chief Engineer Ray Blanchet serves as the Vice President of Operations and has expanded the curriculum base.

Photo: Shi.I.E.L.D

Transhipper Design Flaws Compromise Safety, Production

The world’s only vessels that operate around the clock, 365 days a year need to ensure safety and maintenance are built into the design specifications of each ship, according to Corrado Cuccurullo, CEO of Shi.I.E.L.D.Transhipper vessels are effectively floating ‘production lines’ and the sophisticated machinery on board and continuous operations puts additional pressure on operators to ensure that there are no breakdowns and that the vessels operate safely.“The potential cost…

Photo courtesy of MOFA Japan

Program to Combat Piracy and Sea Robbery

The Ministry of Foreign Affairs of Japan (MOFA Japan) and the Maritime and Port Authority of Singapore (MPA), in cooperation with the ReCAAP Information Sharing Centre (ReCAAP ISC), jointly organized the 3rd Capacity Building Executive Program (CBEP) in Singapore. The one-week program begins today, and will end on September 13, 2019.Since the inaugural edition in 2017 held in both Singapore and Japan, CBEP has become the region’s flagship counter-piracy and sea robbery capacity building program…

Gavin Lipsith (Photo: Wake Media)

Lipsith Joins Wake Media

Wake Media appointed Gavin Lipsith as its new Head of Content.Effective Tuesday October 1, 2019, Lipsith joins the team at Wake Media to focus on developing the agency’s content offer to its clients.As a veteran journalist and former editor of marine technology titles The Motorship and more recently Marine Propulsion & Auxiliary Machinery, Lipsith brings market knowledge that will assist Wake Media and its clients in aligning their communications with the evolution of the shipping industry.As well as helping shape the content agenda for Wake Media’s clients…

Bret Griebenow  (Photo: HII)

HII Appoints Griebenow

Huntington Ingalls Industries (NYSE:HII) said that Bret Griebenow has been named vice president of business development for nuclear and environmental services within its Technical Solutions division.In this role, Griebenow will be responsible for interfacing with industry and customer partners and leading teaming and proposal activities supporting the Department of Energy portfolio. He will be based in Newport News, VA.Before joining HII, Griebenow worked as the project manager for the Pueblo Chemical Agent-Destruction Pilot Plant for Bechtel National, Inc.

Photo: Navtor

NAVTOR, ScanReach Collaborate to Monitor Fleet Ops

NAVTOR and ScanReach signed an agreement that that is intended to supply shipowners with a connected, comprehensive and real-time view of vessel and fleet operations.The collaboration will connect an onboard wireless IoT platform to a secure channel for sharing data between ship and shore, with the goal to deliver a seamless stream of information running from onboard sensors to land-based facilities, and back, enabling optimal decision-making, 24/7.“Both ScanReach and NAVTOR share the vision of utilizing technology to enable smarter shipping…

Logo: ClassNK

ClassNK Creates Cyber Security Team

ClassNK established a cross-sectional cyber security project team made up of ship and security experts of the society, as cyber security for ships is entering a practical stage, including the Maritime Safety Committee (MSC) resolution encouraging administrations to ensure that cyber risks are appropriately addressed in existing safety management systems no later than the first annual verification of the company’s Document of Compliance after January 1, 2021. Senior Executive Vice President Hiroaki Sakashita was chosen to lead the new team.

File image of a typical DP World terminal operation. CREDIT: DP World

DP World’s Topaz, P&O Merger Complete by Year-end

Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil services company Topaz in July with the intention of combining it with P&O Maritime as part of efforts to diversify beyond its core port operations to other marine-related sectors.The merged entity, to be known simply as P&O, will give Topaz…

Hee-Bong Chae and Alexey Miller at meeting. Photo: Gazprom

Gazprom, Kogas for Tighter LNG Cooperation

Russian oil and gas company Gazprom Neft has announced that a working meeting has been held between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive of KOGAS.The meeting participants reviewed the state and prospects of cooperation between the companies, highlighting the stability of LNG supplies under the contract between Sakhalin Energy Investment Company Ltd. and KOGAS.The parties expressed interest in further expanding…

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…

Image: T.S. Lines

TS Lines Adds Pan Asia Service Loop

Taiwanese ocean carrier TS Lines (TSL)  has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The PA1 service offers one of the most comprehensive Northern China market coverage comprising seven China main ports as well as Hong Kong, Singapore and Malaysia, said a press release.The PA1 service commenced sailing from Shanghai on 30th , August with the following port rotation: Shanghai -Dalian – Xingang – Qingdao…

Pic: Gazprom Neft

Gazprom Neft, USC Join for LNG Project

Russian oil producer Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing a liquid natural gas (LNG) fleet and related infrastructure.The memorandum was signed by Gazpromneft Marine Bunker Acting CEO Alexei Medvedev, Gazprom gas-engine fuel, Director General Oleg Melekhin, and USC President Alexey Rakhmanov.The agreement envisages the parties cooperating in research and development activities directed at creating production capacity both for building vessels running on LNG…

Aerial view of the new subsidiary in Hamburg with administration building (foreground) and workshop (background). Photo: Liebherr

Liebherr Invests in Hamburg Port

The Swiss multinational equipment manufacturer Liebherr, has officially opened its new service center in Hamburg. The center, comprising an area of 44,000 square meters in the Kuhwerder.“We are investing in a location which offers long-term potential for growth in several directions. Due to the logistic requirements, the harbour in Hamburg is our central hub for rental and buy-back machines, as well as for all kinds of repairs for the European area,” said Jörg Schmidt, Managing…

Pic: Tallink Grupp

Tallink Enters Singapore

Estonian shipping company Tallink Grupp has announced establishing a subsidiary in Singapore this week – Tallink Asia Pte Ltd – which is the group’s first subsidiary in Asia. The operator of cruise ferries and ropax ships said that the purpose of founding a subsidiary in Singapore is to simplify the development and expansion of the group’s activities in Asia."We have always been open about the fact that Tallink Grupp is continuously looking for opportunities to develop our activities and expand into new markets," Paavo Nõgene, CEO of Tallink Grupp said.

Pic: Thessaloniki Port Authority

Hill International to Develop Thessaloniki Port

A consortium led by Hill International has won a contract from Thessaloniki Port Authority (THPA) in Greece to support major expansion works at Thessaloniki port.Hill International, a player in managing construction risk, announced that it has signed an agreement with THPA as leader of a consortium including Rogan Associates SA, to provide design and project management services for the planned expansion of the marine works infrastructure of Pier 6.The Port of Thessaloniki is the…

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…

Port Prize awarded (Photo: PORT OF KIEL)

Maritime Coordinator Honored with Kiel Port Award

The Federal Government Coordinator for the Maritime Industry, Norbert Brackmann, has been honored with the Port Award 2019. The prize was presented to him on September 5th on the occasion of the traditional “Sprottenback” event hosted by the companies of Kiel’s maritime industry. In his role as the Chairman of the Advisory Board, Jens B. Knudsen, the Executive Manager of Sartori & Berger, paid tribute to the awardee in his laudatory speech: “Norbert Brackmann campaigns at federal level for competitive conditions in the utilization of on-shore power.

Photo: Ulstein Group

First X-BOW Polar Vessel Ready to Explore

The first expedition cruise vessel in SunStone’s INFINITY class series was named ‘Greg Mortimer’ at the China Merchants Heavy Industry (CMHI) Haimen base on September 6, 2019. The vessels have been designed and developed by Norway-based Ulstein Design & Solutions together with the ship’s owner and their client, Aurora Expeditions. The vessel has been delivered and is all set for her first Antarctica venture.In the combined naming and delivery ceremony, the vessel received her name after Greg Mortimer…

Photo courtesy of Taylor-Dunn

Polaris Celebrates 70 Years of Taylor-Dunn

It’s an industrial workhorse with humble beginnings and it’s turning 70. Taylor-Dunn, part of Polaris Inc., started in the garage of RD Taylor in 1949 when he designed and built his first electric-powered cart to help him drive new efficiencies across his small poultry supply business. What started as a backyard creation 70 years ago, turned out to be a new class of vehicles that would revolutionize material movement and transportation across industries. Today, the world-renowned company has one of the largest portfolios of commercial and industrial vehicles…

Crown Princess (Photo courtesy of BMT)

BMT Wins Multiple Nav Simulator Orders

BMT, a leading, multidisciplinary management consultancy, has reported phenomenal growth in sales of its maritime simulator and has just signed multiple key contracts with select cruise lines including Holland America Line, Princess Cruises, Seabourn in North America and P&O Cruises Australia. The orders for both office and ship-based licences of BMT’s REMBRANDT maritime simulator will support cruise lines on more than 39 cruise ships.REMBRANDT is fully scalable – operating in full mission modes through to desktop and laptop configurable modes.

Chauncey Naylor (Photo: Resolve Maritime Academy)

Naylor Named Resolve Maritime Academy Director

Resolve Maritime Academy, the learning arm of the Resolve Marine Group, has welcomed Chauncey Naylor as the Academy’s new Director responsible for operational management, strategic course, and certification development. Naylor comes to Resolve from Williams Fire and Hazard Control in Port Arthur, Texas with extensive experience leading safety management and emergency service teams.For the past 23 years, Naylor has been a driving force behind Williams’ response teams earning himself the prestigious Red Adair Industrial Community Award.

Over 40% of Maritime Firms Fail to Fund Training

Global research recently conducted by Lloyd’s Maritime Academy has revealed that over 41% of people surveyed still receive no funding from within their business for training, with a mere 20% stating that they receive 75-100% funding. Following over 500 responses from professionals around the world and from different sectors of the maritime industry, the research also highlighted that there is still an alarmingly high percentage of companies experiencing a retention problem. Ted Bailey…

Photo: Viking Line

Record AUG Passenger Figures on Viking XPRS

The increased demand for travel to and from Tallinn was clearly reflected in the number of passengers aboard Viking Line during this past summer. The number of passengers on M/S Viking XPRS, which sails regularly along the route, exceeded the 600,000 passenger mark. In August, the number increased by 209,934 passengers, which contributed to the all-time record for the XPRS vessel.This summer, Viking XPRS, which was launched into service in April 2008, traveled along its Helsinki–Tallinn route more frequently than during previous summers to accommodate for customer demand.

Image: Novatek

Green Light for Arctic LNG 2

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.Total has a direct 10% interest in Arctic LNG 2 alongside Novatek (60%), CNOOC (10%), CNPC (10%) and a Mitsui-Jogmec consortium, Japan Arctic LNG (10%).

Photo: Ports & Maritime Organization

Iran Builds Mechanized Terminal in Shahid Rajaee Port

Iran is all set to build the country's largest mineral mechanized terminal collaborating with the private sector in Shahid Rajaee port.Mohammad Ali Hassanzadeh, Deputy Director of Ports and economic Affairs of Ports and Maritime Organization said: “A contract will be signed with the private sector to build the country's largest mineral mechanized terminal in Shahid Rajaee Port within the next few days.”The final capacity of the terminal is 50 million tons and is being implemented in three phases.

 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.

Second from left, Tomoyuki Koyama, NYK managing corporate officer. Photo: NYK

NYK Wins Seafarers Safety Award

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has been recognized with the 2019 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the company’s seafarer safety activities.The award recognizes NYK’s initiatives to prevent human accidents and utilize engine data.

Pic: Navios Maritime Holdings

Navios Maritime Holdings Buys Vessels

The seaborne shipping and logistics company Navios Maritime Holdings took delivery of the Navios Herakles I, a newbuilt bareboat chartered-in Kamsarmax of 81,600 dwt.The dry bulk owner has also acquired from an unrelated third party, a previously chartered-in vessel, the Navios Victory, a 2014-built, 77,095 dwt vessel, for a total acquisition price of $14.5 million, which was paid in cash.From the beginning of 2017 through 2019 YTD, Navios Holdings has decreased by 26% the average age of its owned fleet including long-term bareboat chartered-in vessels.In July 2019…

Christian Pierce, Bollinger's Director of Engineering (Image CREDIT: Bollinger)

Bollinger Announces Promotion

Bollinger Shipyards announces the promotion of Christian Pierce to Director of Engineering.Within this role, Pierce will lead the engineering department in all facets of engineering on both government and commercial programs and is responsible for the execution of functional and design engineering compliant with customer requirements.Since joining the Bollinger team in 2017, Mr. Pierce held the positions of Lead Engineer and Engineering Manager in which he was responsible for supervising and directing the naval architecture…

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…