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Friday, August 17, 2018

Coronis. Photo: Diana Shipping Inc.

Diana Shipping TC Contract for M/V Coronis

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of its Panamax dry bulk vessels, the m/v Coronis, for a period of minimum 12 months to maximum 15 months.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,300 per day for the first sixty (60) days of the charter period and US$11,300 per day for the balance period of the time charter…

Image: Damen Shipyards

Damen Shipyards Galati Celebrates 125th Anniversary

Damen Shipyards Galati has delivered over 1,300 vessels during proud history! On 15th August, Galati yard held a party for the annual celebration of Ziua Navalistului – Shipbuilder’s Day.This year the party was larger than usual as it incorporated a celebration of 100 years since Romanian unification and Damen Shipyard Galati’s 125th anniversary.In total around 7,000 people attended the event, including employees and former employees of the yard and their families, Galati city officials…

Photo: SEDNA

NORDEN Adopts SEDNA

Danish dry cargo and product tanker operator NORDEN has announced the selection of SEDNA as a new platform for transaction management and team collaboration. NORDEN will use SEDNA across its business, replacing email as the default mode of communication for teams, and forming a key part the company’s business strategy of ‘Focus & Simplicity’.With an owned and chartered fleet of over 300 dry cargo and tanker vessels, NORDEN is the latest in a line of businesses in the shipping…

Photo: Roll Group

Roll Group Awarded Contract for Shipment of Three Boilers

Roll Group has been awarded a contract by Fagioli and Macchi for the transportation of three large boilers for the Gulf Coast Growth Ventures project. Presently the voyage from Porto Marghera (Italy) to Corpus Christi (USA) is scheduled to take place between August and September 2019. Each of the three boilers weigh in excess of 1000 metric tons.The dimensions of the boilers to be transported in 2019 are all identical with a length of 30.30m, a width of 16.40m and a height of 22.70m.

Chronis Kapalidis (Photo: HudsonAnalytix)

HudsonAnalytix Grows Security and Cyber Risk Management Team

HudsonAnalytix, Inc. has hired Chronis Kapalidis in London to focus on the enhancement and expansion of the firm’s strategic partnerships in Europe.An innovative researcher from one of the world's leading think tanks who is currently examining maritime cyber risk, Kapalidis brings with him his extensive field experience in maritime security operations in both the physical and cyber domains.“Chronis is a strategic thinker who will contribute the development of current and upcoming products and services in response to the shipping and port industries’ needs…

Photo: Stena Bulk AB

Stena Blue Sky Bags Safety Achievement Award

The award was recently given for the professional seamanship and conduct when Stena Blue Sky effected a rescue operation after spotting a fisherman and recovering him from wreckage between the waters of North Korea and Japan 26th October 2017.“Events of this nature are subject to international laws and for us, acting in accordance with these laws is a matter of course. Nevertheless, it is important that attention is drawn to them – in this case, by the Chamber of Shipping of America.

Image: Genco Shipping

Genco Shipping & Trading Adds Two Vessels to its Fleet

Genco Shipping & Trading  announced that it has taken delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels.The Genco Endeavour and the Genco Resolute are the second and third of six vessels to be delivered to Genco as part of its recent agreements to acquire six high specification, fuel efficient Capesize and Ultramax vessels, which, together with the recent or expected sale of three older vessels, are expected to reduce…

XLProjects Gains ISS in United Arab Emirates

Inchcape Shipping Services (ISS) serves Dubai with regular scheduled airfreight consolidations, handling a wide variety of cargo’s with the greatest ease. Their logistics professionals specialize in servicing all your airfreight needs, from documentation to communications to worldwide shipment tracking. Focused but not confined to import/export to the whole of GCC, their air cargo operation is streamlined to make trade and commerce easy for importers and exporters of the Arabian Peninsula. ISS handles all aspects of ocean bound cargo on behalf of importers and exporters worldwide.

Photo:Chamber of Marine Commerce

Strong July Across Great Lakes Gets Seaway Tonnage

Great Lakes-St. Lawrence shipping continues to bounce back after a slow start. With strong tonnage numbers in July, particularly shipments of U.S. grain, liquid bulk and project cargo, the 2018 shipping season is right on par with the healthy statistics posted last year.Overall cargo shipments on the St. Lawrence Seaway between March 29 and July 31 totaled 16.5 million metric tons. Areas of strength included U.S. grain shipments totaling 888,000 metric tons, up 32 percent over last year. Liquid bulk shipments totaled 2.3 million metric tons, an increase of 25 percent.

Photo: Port NOLA

MarAd Awards $2.5 Mln Grant to Port of New Orleans

The Port of New Orleans (Port NOLA) has been awarded a $2.5 million U.S. Maritime Administration (MARAD) grant to support the current container-on-barge shuttle service operated by SEACOR AMH between New Orleans, Baton Rouge and Memphis, and to launch a new container-on-barge shuttle service on the Inner Harbor Navigation Canal (IHNC) in New Orleans.The grant will be used to purchase marine terminal handling equipment for efficient loading and unloading of container-on-barge operations in New Orleans.

Photo: Danaos Corporation

Danaos Corporation Slashes Debt

Danaos Corporation, a leading international owner of containerships, has announced the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital structure and reducing its outstanding debt by approximately USD 551 million.The debt refinancing strengthens the Company's financial position through the significant debt reduction, reset financial and certain other credit facility covenants, modified interest rates and amortization profiles and the extension of existing debt maturities by approximately five years to December 31, 2023.

CNCo Vancouver opening ceremony. From left: Graham Clarke, Founding Chairman, VIMC;  Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia; Chris Daniells, Commercial Director, CNCo; Bernard Huizenga, General Manager, Corporate Business Development, CNCo Americas. Photo: CNCo

China Navigation Company Opens Vancouver Branch

China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.

Gagan Dhillon. Photo: North P&I Club

North P&I Club Strengthens Greek Presence

Global marine insurer North P&I Club said that Gagan Dhillon will take over Michael Asherson’s responsibilities for the Greek Membership and lead the claims team based in Newcastle.Gagan, a Master Mariner, first sailed in command of a tanker in 2007 before joining North in 2010 and gaining a First Class (Honours) degree in law.Michael Asherson will take up a position as partner with leading South African law firm Shepstone and Wylie in Durban and will leave the Club at the end of August.After 18 years with the Club…

Image: Yang Ming Marine Transport Corp.

Target Corporation Honors Yang Ming

Yang Ming Marine Transport Corp. was named “Provider of the Year” on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer of containerized freight in the United States.Yang Ming was also accredited with the “Environmental Ship Index Award 2017” by Marseille Fos Port Authority, said a company statement.The “Provider of the Year” award distinguishes the provider who has demonstrated exceptional operational performance in cooperation with Target Corporation.Yang Ming achieved a score of 99.9% against stated performance goals.

ZEABORN Combines E.R. Schiffahrt and Rickmers

The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from August 10, 2018.The combined technically managed fleet currently comprises more…

Photo:
Transinsular

Transinsular Reinforces Connection Between Europe and Africa

The Lince Class service from Transinsular, a GRUPO ETE company, will start to call Total Terminal International Algeciras (TTI) from August 23, 2018, opening a direct link from the Spanish mainland to Cape Verde (Praia and Mindelo), that will also serve as a cargo transshipment hub for the Mediterranean, namely other ports in Spain, as well as Italy, Greece and Turkey.The strengthening of the Lince Class with a new call in the European continent (it already links Leixões and Lisbon to Cape Verde)…

Photo: Kalmar

Kalmar to Supply Customized RMGs at DCT Gdansk

Kalmar, part of Cargotec, has signed an agreement with Deepwater Container Terminal (DCT) Gdansk to supply three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customization. The order, booked in Cargotec's 2018 third quarter order intake, follows a recent DCT order of five Rubber-Tyred Gantry Cranes (RTGs) that took place in the first quarter of 2018. The RMG deliveries are scheduled to take place in the second half of 2019.DCT Gdansk is Poland's largest and fastest growing container facility…

(File photo: Maersk Line)

Maersk Line Pushes Restart in Maldives

Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade. Interestingly, around 90 percent of Maldives trade is import driven and spearheaded by China, India and Sri Lanka.

Photo: Georgia Ports Authority

Busy July boosts GPA Container Trade 12.7%

The Georgia Ports Authority moved 378,767 twenty-foot equivalent container units (TEUS) in July, an increase of 12.7 percent, or 42,668 TEUs, compared to the same month last year. It was the second busiest month on record for the Port of Savannah. "July was an incredible start to our fiscal year, with double-digit growth across our container, breakbulk and dry bulk operations," said GPA Executive Director Griff Lynch. In Fiscal Year 2018 (July 2017-June 2018), rail cargo at Garden City Terminal increased by 16 percent (60,000 containers) for a total of 435,000 intermodal rail lifts.

Photo: Wilhelmsen group

Wilhelmsen Group Income for 2Q up by 5%

The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second. Maritime services deliver stable revenue, while supply services record improved income following a seasonal upswing and property sales gains in NorSea Group…

Image: Hapag-Lloyd

Hapag-Lloyd to Accelerate Digitalization as it Doubles 1H 2018 Loss

The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss to rising fuel costs and the slow recovery in freight rates diluted the synergies from the German ocean carrier’s merger with United Arab Shipping Company."The first half of 2018 was shaped by clearly increasing fuel costs, higher charter rates and a slower than expected recovery of freight rates.

Image: Yang Ming Marine Transport Corporation

Yang Ming Sinks into Red

Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of  NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated revenues total NTD33.6 billion (USD1.14 billion) was up 1.12% from the same period in the previous year. The business volume of 1.29 million TEUs rose 11.84% year-on-year.In the meantime, for the first half of 2018, Yang Ming’s consolidated revenues totaled NTD64.6 billion (USD2.19 billion), up 1.81% compared with the same period in the previous year.

Casey Hehr (Photo: Port of Long Beach)

Hehr Named Security Director at Port of Long Beach

The Long Beach Board of Harbor Commissioners has appointed Casey Hehr to lead the Security Division at the nation’s second-busiest seaport.Hehr has been with the Port of Long Beach since November 2016, serving as the Assistant Director of Security. He has been the acting director of the division since March, following the retirement of the previous director.Prior to his position at the Port, Hehr served with the U.S. Coast Guard for more than 20 years, retiring as the Chief of Operations and Response for the Los Angeles-Long Beach Sector.

Port Houston’s newest ship-to-shore cranes stand nearly 30 stories tall with a boom length of 211 ft. able to load and unload vessels up to 22 containers wide. (Photo: Business Wire)

New Cranes Arrive at Port Houston’s Bayport Terminal

The arrival of three new 270 foot-tall Super Post-Panamax cranes to Port Houston’s Bayport Container Terminal on Tuesday highlights $100 million in terminal investments.The three neo-panamax ship-to-shore (STS) cranes were the first of two crane shipments Port Houston received this week. Five rubber-tired-gantry (RTG) cranes were delivered Wednesday.“The level of activity with the shipments of cranes this week is unprecedented,” said Executive Director Roger Guenther. “To see…

(Photo: Hapag-Lloyd)

Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens

German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates."We have implemented additional measures to recover these costs: we are critically reviewing the economic viability of our ship systems and are further optimising our terminal contracts," Chief Executive Rolf Habben Jansen said.Its shares rose 2.6 percent in early trades.Freight rates fell 45 percent, causing Hapag-Lloyd's first half net loss to widen by 58 percent to 100.9 million euros ($115.7 millio

Image: Watson Farley & Williams

WFW Advises CMBFL on Sale, Leaseback of 15 Dry Bulker

Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed global shipping company providing worldwide seaborne transportation of dry bulk cargoes.The funds obtained by Star Bulk under this new five-year capital lease of US$180.4m entered into with CMBFL were used to part-finance the cash portion of the consideration with regards to Star Bulk’s acquisition of 15 dry bulk vessels from Norwegian shipowner Songa Bulk ASA.Founded in 2008…

Image: Euronav

Euronav Updates on Gener8 Merger

The acquisition of Gener8 resulted in the recognition of a gain on bargain purchase on business combination of USD 36.3 million being recorded in the consolidated statement of profit or loss in the second quarter, says Euronav.The largest NYSE listed independent crude oil tanker company in the world said that it booked a gain on bargain purchase as a result of the Net Assets acquired being higher than the consideration paid.Paddy Rodgers, CEO of Euronav said: "Completion of the…

Image: Star Bulk Carriers Corp

Star Bulk Carriers Back in Black

Star Bulk Carriers has announced a net income of US$10.73 million for the second quarter of 2018, a significant improvement over the company’s net loss of US$10.28 million for the same period last year.The global shipping company focusing on the transportation of dry bulk cargoes said that voyage revenues for the quarter totalled US$132.6 million, almost double the US$78.6 million generated in the second quarter of 2017.Petros Pappas, Chief Executive Officer of Star Bulk, said…

Pamina. Photo: Diana Containerships Inc

Diana Containerships TC Contract for m/v Pamina with HMM

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.The global shipping company specializing in the ownership of containerships said that the  gross charter rate is US$11,950 per day, minus a 5% commission paid to third parties, for a period of minimum eight months to maximum 12 months.The charter will commence on August 24, 2018.

Diana Containerships Announces Time Charter

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina. The Pamina is a 5,042 TEU container vessel built in 2005.The gross charter rate is $11,950 per day, minus a 5 percent commission paid to third parties, for a period of minimum eight months to maximum twelve months. The charter will commence on August 24…

Alexey Khaydukov (Photo: SCF Group)

Khaydukov Named President of PAO Novoship

The Board of Directors of Russian tanker shipping company PAO Novoship has elected Alexey Khaydukov as the company’s new President.Khaydukov replaces the firm’s previous President, Yury Tsvetkov, who stepped down from his role on August 8, 2018, following his appointment as a Deputy Minister of Transport of Russia, Head of the Federal Agency for Maritime and River Transport.Prior to his appointment, Khaydukov was Managing Director of SCF Management Services (Novorossiysk) Ltd.

(Photo: Port of Long Beach)

'Maritime Center of Excellence' Launched in Long Beach

Port of Long Beach and Long Beach City College leaders officially launched an new program this week to provide opportunities to local students seeking the employment skills they need to join the goods movement workforce.The Port of Long Beach Maritime Center of Excellence at Long Beach City College will target a variety of programs for occupations in the global logistics and supply chain industries that require more education than a high school diploma, but less than a four-year college degree.The Long Beach Board of Harbor Commissioners recently approved $60…

Image: Deep Casing Tools

Deep Casing Tools Re-enters Canada

Aberdeen-based oil field technology firm Deep Casing Tools (DCT), which specialises in the design and manufacture of casing and completion tools, has agreed a pact with a Canadian distributor, ProTorque Connection Technologies (PTCT).The partnership with ProTorque, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market, which historically was a successful region for the company.Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity…

Image: Arkon Shipping

Arkon Shipping Rolls-out New Chartering JV

German shipmanager Arkon Shipping has teamed up with a number of compatriot firms to form Arkon Allied Container (AAC), a new chartering joint venture.AAC was founded by Arkon Shipping together with the shipping companies Jüngerhans, Wessels, HS Schiffahrt, Nordic and Jebsen as well as the chartering specialists Ole Gabs and Wolfgang Klodwig.The objective of this foundation is to group the container feeder vessels of the shareholders to a large fleet, to jointly market the vessels…

 Photo: Vinalines

Vinalines Mulls USD 210mln IPO

Vietnam’s government is targeting to raise VND4.89 trillion ($210 million) from an initial public offering (IPO) of Vietnam National Shipping Lines (Vinalines) scheduled on September 5, 2018.According to an official release on Hanoi Stock Exchange (HNX), Vinalines will auction 488.82 million shares, or a 34.8 per cent stake at the price of VND10,000 ($0.4) apiece at the HNX. Its charter capital is estimated at approximately VND14 trillion ($616.7 million).The IPO is part of Vietnam’s broader privatisation programme to increase the efficiency and performance of state-owned firms…

Photo: d’Amico ?Società di Navigazione SpA

d’Amico International Sells, Leaseback MT High Loyalty

d’Amico International Shipping, an international marine transportation company operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers (Ireland) signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Loyalty, a 49,990 dwt medium-range product tanker vessel, built in 2015 by Hyundai-Mipo, South Korea for a consideration of US$ 28.5 million.Thistransaction allows d’Amico Tankersto generate at the Vessel’s delivery around US$ 13.3 million in cash…

Image: MSC Cruises

MSC Cruises Pact for USD 1.7bln Loan for New Seaside EVO Ships

Cruise liner MSC Cruises has reached an agreement for an EUR 1.5 billion (USD 1.74 billion) financing for two new Seaside EVO class cruise ships.BNP Paribas, Unicredit and Cassa Depositi e Prestiti will provide EUR 1.5bn in financing for two Seaside EVO class passengerships. The financing syndicate of lenders also include SACE SIMEST, the Italian ECA, fully backing the credit line and stabilising the interest rate.The first ship is expected to be delivered in May 2021 and the second in February 2023.

Image: Trafigura

Trafigura to Build U.S. Deep-Water Oil Port

Swiss commodities trader Trafigura has applied to build a deep-water port in Corpus Christi, Texas, on the Gulf of Mexico, which will be able to load supertankers, reports FT.The report said that the plan would see the commodity house build an offshore deepwater port facility  with a view to accommodate very large crude carriers (VLCC) capable of carrying more than 2m barrels of crude. It requires approval from the US Department of Transportation’s maritime division.According to a Reuters report…

Photo: Consolidated Marine Management, a company of Latsco Shipping Ltd

WFW Advises ING Bank on USD 220mln Nine Vessel Financing

Watson Farley & Williams (WFW) has advised ING Bank, London Branch (ING) in connection with a US$87m increase to a US$131m loan facility originally granted to Latsco Shipping Ltd (Latsco) to finance the construction of five new high-spec MR product tankers.The increase has been used to up the number of modern tankers being financed to nine, the last of which was financed in May 2018.This now takes Latsco to a fleet of 27 vessels, a significant increase over the past three years since it agreed the original loan facility with ING in 2015.

Image: Mitsui O.S.K. Lines, Ltd.

MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…

RADM Francis McDonald and MMA Board Chair CAPT Galen Locke present an honorary degree to Foremost Founder and Honorary Chairman Dr. James S.C. Chao

“Your nation needs you … now more than ever in our history”

The words of General Darren McDew rang true to Massachusetts Maritime Academy's nearly 400 graduates on a beautiful, albeit rain soaked, Saturday this past June.General McDew, who received an honorary doctorate at the 2018 Commencement, leads the United States Transportation Command and, in that role, oversees our nation’s projection of force wherever it is required in the world. Joining General McDew in receiving honorary doctorates were Dr. James S.J. Chao, Foremost Group Founder…

Photo: Sailors’ Society

Half a Million Seafarers Benefited from 'Ship Visitor' App

Half a million seafarers have benefited from an app that helps them as they move from port to port around the world, according to the charity that invented it.Developed by international maritime charity Sailors’ Society, the International Christian Maritime Association (ICMA) Ship Visitor app is used internationally by 10 maritime welfare organizations, who provide chaplaincy to seafarers who are far from home.Sailors’ Society’s CEO Stuart Rivers said: “Real-time reporting enables…

LNG Schneeweisschen' Photo: ©Luksa Karaman, Marinetraffic.com

Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'

Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea, as part of the ongoing LNGC newbuilding project between Uniper Global Commodities SE (Uniper) and Braemar.The international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries said that the vessel has been built for Japan based owners…

Photo: V.Group

V.Group Rolls-out Fleet Cell of the Future

V.Group, the leading global marine and offshore vessel management and support services provider, has announced the launch of its groundbreaking Fleet Cell of the Future, a prototype for the future of technical management and marine support services.This new design of operation rethinks and redesigns the traditional Fleet Cell model, the building block of technical management at V.Group. With market-leading performance design and an open-plan layout based on the latest in ergonomic research…

Photo: Dredging Corporation of India

Ports to Acquire Controlling Stakes in Dredging Corporation of India

India's three major ports, including Paradip in Odisha, may acquire a stake in Dredging Corporation of India (DCI) based on availability of surplus funds lying with them."In a meeting chaired by Secretary (Shipping) with Chairmen/Chairmen I/C of Major Ports, held on 18th June 2018, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed," Minister of State for Shipping Mansukh L Mandaviya informed the Parliament."It was suggested that Visakhapatnam Port Trust (VPT)…

Photo: Scorpio Bulkers Inc.

Scorpio Bulkers Gets New Build Financing form Nordic Banks

Scorpio Bulkers announced that it has received a commitment from Nordea AB (publ), acting through its New York branch, and Skandinaviska Enskilda Banken AB (publ) for a loan facility of up to $184.0 million.The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk vessels (SBI Athena, SBI Thalia, SBI Zeus, SBI Hera, SBI Poseidon and SBI Apollo) and six Kamsarmax dry bulk vessels (SBI Conga, SBI Bolero, SBI Sousta, SBI Rock, SBI Reggae and SBI Mazurka).The loan facility…

Image: Port of Long Beach

California Port to Vote on Hydrogen Fuelling

The Long Beach Board of Harbor Commissioners is scheduled to vote Monday, Aug. 13, on a proposal by Toyota Logistics Services to reconfigure its facility at Pier B and build a renewable fuel-cell power plant and hydrogen fueling station.The study being released by the Port is called an Initial Study/Mitigated Negative Declaration (IS/MND), meaning that no substantial evidence was found that the project would have a significant effect on the environment.Public comment on the proposal…

Tung Chee Chen. Photo: Orient Overseas (International) Limited

COSCO-OOIL Merger Has Great Synergy: Xu, Tung

The merger of Orient Overseas (International) Limited (OOIL) and COSCO Shipping Holdings offers can effectively combine the respective strengths of both and optimize our global network, thereby achieving greater economies of scale and synergies,  incoming Chairman of OOIL, Captain Xu Lirong, said commenting on the deal.This transaction is a common choice for both sides to follow the development trend of container shipping industry and realize sustainable development, he added."I…

Peggy Nordeen (Photo: Seafarers’ House)

Nordeen Named Seafarers’ House Business Leader of the Year

Seafarers’ House has announced that Peggy Nordeen, CEO of Starmark International, Inc. has been selected as Seafarers’ House 2018 South Florida Business Leader of the Year.Nordeen will be honored at the 23rd Annual South Florida Business Leaders’ Luncheon hosted by Holland America Line to benefit Seafarers’ House. The luncheon will take place Wednesday, Nov. 14 aboard the ms Zuiderdam docked at Port Everglades.Honorees for the South Florida Business Leaders Award are selected by their peers.

Image: MARORKA

UASC Sues World Fuel Services

Dubai-based shipowner United Arab Shipping Company (UASC) has filed suit against Miami-based marine fuels provider World Fuels Services (WFS) seeking relief from damages incurred through the bunkering of off-spec fuel oil in 2016, reports Arabian Industry.UASC is seeking relief from damages incurred through the bunkering of the off-spec fuel oil, according to the suit filed in the US District Court for the Southern District of Florida on 27 June, 2018.The Middle East shipping giant claims that on or about 21 September 2016…

Image: Port de Djibouti

DP World: Djibouti Not Recognizing ‘International Rule of Law’

DP World, the fourth biggest port operator globally, issued a response saying Djibouti’s refusal to acknowledge a London Court of International Arbitration ruling demonstrates that the government did not “recognize the international rule of law.”The Arbitral Tribunal of the London Court of International Arbitration, LCIA, confirmed the illegitimacy of the Government of Djibouti’s action of seizing control of the Doraleh Container Terminal from DP World."The Court’s decision upholding…

Image: Port of Newcastle

New CEO Sketches Port of Newcastle Expansion Plans

The new CEO of the Port of Newcastle, Craig Carmody, committed the Port of Newcastle to developing a world-class container terminal to boost jobs and business opportunities in the Hunter region and dramatically reduce the number of trucks on Sydney's roads through expanded use of Newcastle's rail connectivity."The potential for a container terminal in Newcastle to diversify and grow the NSW economy is far bigger than the NSW government seems to realise. We are already exploring…

Image: Höegh LNG

Höegh LNG Secures Debt Financing for 9th FSRU

Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9. The FSRU is scheduled to be delivered in the fourth quarter of 2018. The facility comprises a 12-year tranche of USD 132 million guaranteed by K-SURE (South Korean export credit agency) and a five-year non-amortising commercial bank tranche of USD 45 million. A combination of existing and new lenders are participating…

Image: Thun Tankers

Thun Tankers Adds Tanker

Thun Tankers will strengthen the existing fleet with m/t Wisby Teak, said a press release from the company.The Wisby Tanker owned vessel will enter the Gothia Tanker Alliancea leading European tanker network for coastal tankers, with immediate effect and be commercially managed by Thun Tankers.The highly manouverable, 7,000 deadweight tanker has been tailor designed to maximize deliveries into restricted ports. With an overall length of 99.9 meters the vessel is able to reach smaller load and discharge installations.With a pumping capacity of 1…

Image: Augustea Group

Star Bulk Carriers Completes Acquisition of 16 Dry Bulk Vessels

Star Bulk Carriers Corp. announced that it has consummated the previously announced acquisition of 16 dry bulk vessels in an all-share transaction, from entities affiliated with Augustea Atlantica SpA and York Capital Management.The final consideration for the Augustea Vessel Purchase is 10.3 million common shares of the Company, equal to approximately 11.3% of Star Bulk’s common shares after the closing of the Augustea Vessel Purchase.As part of the transaction, the Company will assume debt of approximately $309 million.Following the closing of the Augustea Vessel Purchase…

GAC Dubai’s Qualilty Manager, Sandeep Kumar, receiving the award from DNV representative (Photo: GAC)

GAC Dubai Steps Up in Pharma Logistics

GAC Dubai has been awarded the ISO 13485:2016 Medical Devices Management System certification, demonstrating its ability to provide quality warehousing, distribution and value-added services of medical devices that meet the high standards of the sector and the regulations that govern it. Certification comes after a stringent independent audit which confirmed the company’s compliance with the internationally recognized standard.The company has also been awarded the ‘Certificate…

Brad Norton (Photo: IMTRA)

IMTRA Announces New Hires and Promotions

IMTRA, manufacturer and importer of solutions and products for the marine, energy and transportation markets, has announced new hires and promotions. The company has hired Brad Norton and Van Noorden and promoted Kinder Woodcock and Nate Cabral.Brad Norton has joined IMTRA’s service team in a product technical support role. With over 20 years as a licensed yacht captain, Norton will use his vast, hands-on knowledge of the workings and operation of boats supporting IMTRA customers who need technical and application assistance.

Image: Port of Amsterdam (Photo: Vollers)

Amsterdam Port Transhipment Down 4.8% in 1H 2018

Transhipment in the North Sea Canal Area at the seaports Amsterdam, IJmuiden, Beverwijk and Zaanstad declined to 49.4 million tonnes in the first half of 2018, a decrease of 5.1%. The Port of Amsterdam saw transhipment fall by 4.8% to 40.2 million tonnes.In IJmuiden, transhipment declined to 9.3 million tonnes (-4.4%), Beverwijk registered a decline to 282,000 tonnes (-18.6%) and in Zaanstad transhipment fell to 84,000 tonnes (-59.3%).The decline in Amsterdam in the first half of the year was due to two cargo flows: coal and oil products.

Photo: Maersk Line

Maersk Line Establishes Commercial Office in Nepal

Maersk Line, the global containerized division of the Maersk Group, announced the commencement of its new commercial office in Kathmandu, Nepal from 1st of June this year.Maersk Line since its entry into the Nepal market over 20 years back has been providing shipping and logistical solutions through its strong network in India. However, with the rapid growth of trade in the region, Maersk Line sees an opportunity to serve its customers better by being closer to them.Maersk Line’s…

Image: Teekay Offshore GP

Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries

Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership’s orderbook to six shuttle tankers.These newbuildings will be constructed based on Teekay Offshore’s New Shuttle Spirit design which incorporates proven technologies to increase fuel efficiency and reduce emissions, including LNG propulsion technology.Upon expected delivery in late-2020 through early-2021…

CMV Athos (left)  is a 65 Metre, ABS Classed, Multi-Purpose Anchor Handling Tug Supply (AHTS) / Offshore Support Vessel (OSV). DP2 SeaMaster is a 40M Multi-Purpose ROV, Survey, Construction & Dive Support Vessel. Photo: Bhagwan Marine

Bhagwan Marine Expands Fleet

Just months after moving its corporate headquarters to Perth in order to strengthen relationships with Western Australia’s largest Oil & Gas clients, Bhagwan Marine has expanded its fleet further to meet the needs of those clients.The CMV Athos and the DP2 SeaMaster are both Dynamic Positioning (DP2) vessels, combining enhanced capabilities with greatly improved efficiency, safety and manoeuvrability.The CMV Athos is a 65m ABS Classed, Multi-Purpose Anchor Handling Tug Supply (AHTS)…

Pic: Port of Amsterdam

Port of Amsterdam Doubles Discount for Green Ships

Port of Amsterdam said the maximum Environmental Ship Index (ESI) discount is doubled for ships with ESI certificates and liquefied natural gas (LNG).For some years Port of Amsterdam has been giving discounts on port dues to vessels listed in the ESI that have attained an ESI score of 20 points or higher."As of 1 August, we will be increasing this incentive by adding another discount: Port of Amsterdam will be doubling the maximum ESI discount for vessels that are in the possession of an ESI certificate and use LNG for their main engine or auxiliary engine…

Carl Stephen Patrick Hunter. Photo: Coltraco Ltd.

Carl Stephen Patrick Hunter Joins Board of Trustees at RINA

Coltraco Ultrasonics Chief Executive, Carl Stephen Patrick Hunter, has been welcomed onto the Board of Trustees at The Royal Institution of Naval Architects (RINA), an internationally renowned professional institute at the heart of surface and sub-surface ship design.Formed in 1860 and established by Royal Warrant RINA occupies a central and essential role at the heart of British and global maritime with 70% overseas members and Consultative Status at the International Maritime Organisation.Commenting on the appointment…

Board of Directors. Photo: Diana Shipping Inc.

Diana Shipping Appoints Directors and Executive Officers

Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the Company’s Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018.The Board has determined that Glavanis is an “independent director” as such term is defined under the Securities Exchange Act of 1934…

Andrew Gray (Photo:  CJC)

Campbell Johnston Clark Bolsters Admiralty and Casualty Team

Specialized international shipping law firm Campbell Johnston Clark (CJC) has announced new senior appointments to the Admiralty and Casualty teams in its London and Singapore offices.Paul Apostolis is joining CJC’s Singapore office from HFW Singapore while Andrew Gray joins as a partner in London from Clyde & Co. The appointments are effective from August 1. Both Apostolis and Gray have extensive casualty experience and are proficient in all aspects of the dry side of casualties that necessarily arise from incidents.Alistair Johnston…

Photo: TCompanies

New App Helps Track Shipping Container Damaegs

PEIR (Photographic Equipment Interchange Receipt) has launched a new app that helps the transportation, logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers.“After a year of development and another year of beta testing with trucking companies, depot operations, repair facilities, transfer yards and terminals, we are happy to launch PEIR today,” said Tom Burke, CEO of PEIR parent company TCompanies. “The idea for PEIR came to me shortly after selling our intermodal trucking company that we owned for 10 years.

American Song (Photo: American Cruise Lines)

New US Riverboat American Song Nearly Complete

American Cruise Lines' new vessel, American Song, the first modern riverboat in U.S. history, is nearly complete.This week, American Song, under its own power, moved from the East Outfitting Basin at Chesapeake Shipbuilding in Salisbury, Md., to the yard’s outfitting bulkhead for the final outfitting touches.American Song is set to make its inaugural cruise October 6, 2018 on the Mississippi River from New Orleans. The vessel will cruise the Line’s Lower Mississippi River itineraries…

© Anatoliy Matronyuk / MarineTraffic.com

Kalleklev Takes Over as CEO of FLEX LNG

Liquefied natural gas (LNG) carrier owner and operator FLEX LNG has appointed Øystein M. Kalleklev as Chief Executive Officer to replace Jonathon Cook, who resigned in May.Kalleklevm, who has served as Chief Financial Officer of Flex LNG since October 2017, will continue to serve as CFO until a replacement is found.Additionally, Marius Foss has joined the company as Head of Commercial. Foss comes from a similar role at Golar LNG.

Photo credit: People's Daily

Steel Cut for World's Largest Container Vessels in Shanghai

China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media.The two are among nine 22,000 TEU vessels deal signed by French container shipping operator CMA CGM and China State Shipbuilding Corporation (CSSC) in September last year.Built by Shanghai-based Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding, the two container vessels measure 400 meters in length…

Fock Siew Wah, Group Chairman. Photo: PSA International

PSA International Acquires Majority Stakes in Canada Port

PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility located approximately 300 kilometres east of the Port of Vancouver (POV).Comprising 320 acres of free-hold industrial land, it is the only major privately-owned industrial property in Canada where both Class 1 railroad lines – including Canadian National (CN) Railway and Canadian Pacific Railway – run through…

Image: GoodBulk Ltd.

GoodBulk Announces Fleet Update

Bermuda-based owner and operator of dry bulk vessels GoodBulk entered into an agreement to sell the M/V Aquapride, a 2012 built Supramax vessel of 61,465 dwt built by Imabari, JPN at $20.0 million to Suisse Bulkers, an unrelated party.The vessel is expected to be delivered to its new owner between September and November 2018. The M/V Aquapride was acquired by GoodBulk, for a total consideration of $17.0 million and is expected to contribute net profit of approximately $2.3 million…

Image: Hapag-Lloyd

Hapag-Lloyd Runs Germany’s Largest Maritime Training Program

Sixty-one young men and women will be starting their three-year apprenticeship at Hapag-Lloyd tomorrow. While some of them will spend the lion’s share of this time on container ships, the on-shore apprentices will cycle through various national and international departments, which will allow them to familiarize themselves with the company from a range of perspectives.“Qualified and motivated employees are a decisive factor in a dynamic sector like container shipping,” said Joachim Schlotfeldt, Chief Personnel and Global Procurement Officer (CPO) at Hapag-Lloyd.

Photo:  Navios Maritime Containers

Navios Maritime Containers Acquires a Containership

Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2009-built, 4,563 TEU containership for $13.9 million from an unrelated third party.The vessel is expected to be delivered in Q3/Q4 2018.Based on the current rate environment (Clarksons Research 6-12 month time charter rate for 4,400 TEU vessels of $12,800 per day for July 2018) the vessel is expected to generate approximately $2.1 million of EBITDA over the next twelve months…

© Aleksey Stemmer / Adobe Stock

Clarksons Targeted in Cyber Attack Last Year

British shipping services provider Clarkson Plc said on Monday an unauthorized third party accessed some of its computer systems in the United Kingdom last year.The unauthorized access to systems from May 31 to Nov. 4, 2017 was gained from a single and isolated user account.

© vladsv / Adobe Stock

RMI Registry Establishes Worldwide Gas Team

The world's second largest ship registry said it is looking to advance its position as the largest registry of gas carriers and expand its footprint in the transportation and processing of liquefied gases with the formation of a dedicated gas experts team.The Republic of the Marshall Islands (RMI) Registry said its new Worldwide Gas Team is comprised of experts in the design, technical management, inspection and commercial operation of gas carriers. The group is able to provide guidance from inspection and registration to technical issues and regulatory challenges…

Photo: YWAM

ITC Global Extends Contract with Medical Ship Nonprofit

ITC Global, a provider of satellite communications to remote and harsh environments, has announced its three-year contract extension with Youth With A Mission Medical Ships Australia, Ltd (YWAM MSA). Under terms of the agreement, ITC Global will provide critical connectivity services to the nonprofit’s medical ship serving the Papua New Guinea (PNG) region, along with new crew welfare services for staff leisure use not previously available to the YWAM team. The all-volunteer-operated vessel based in Townsville…

Jennifer Polli (Photo: TRAC Intermodal)

Polli to Replace Lovetro as TRAC Intermodal CEO

TRAC Intermodal announced that Keith Lovetro, President and Chief Executive Officer, will retire on July 31, 2018. Jennifer Polli has been named to replace Lovetro as President and Chief Executive Officer effective August 1, 2018.Lovetro, who has led the company since joining in 2011, solidified TRAC Intermodal as a leading provider of intermodal equipment and services.Polli, who joined TRAC in 2012, has been a member of TRAC’s executive leadership team and has led multiple business functions at the ccompany, including pricing, asset management, marketing and product development.

Image: Gulftainer Company Limited

Gulftainer Wins RoSPA Awards 2018 for Occupational Health and Safety

Gulftainer, the world’s largest privately owned independent port operator and logistics company based in the UAE, has been handed the 2018 prestigious Gold Award by the UK-based RoSPA Award Scheme.Gulftainer has been recognised for its commitment to employee health and safety standards at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid.Recognising significant milestones in health and safety management systems including best practices in leadership and workforce involvement, the RoSPA Awards scheme receives submissions from organisations around the world.

Photo: Baleària

Five Baleària Ferries to Run on LNG

The Mediterranean ferry company Baleària said it will invest €60 million ($70.2 million) over the next to years to retrofit five ferries to run on liquefied natural gas (LNG) and is planning to further expand its gas-powered fleet.The use of LNG in these five vessels — Naples, Abel Matutes, Sicily, Bahama Mama and Martin i Soler — is expected to reduce more than 45,000 tons of CO2 annually, 4,400 tons of nitrogen oxide (NOx) and eliminate sulfur and particulate emissions completely.Naples will be the first ferry to adapt the gas propulsion…

Photo: Port of Duqm

Port of Duqm Signs Land Lease Agreement with Petrojet

Port of Duqm Company SAOC, a 50:50 joint venture between the Omani Government and the Consortium Antwerp Port (CAP) under its subsidiary called Duqm Industrial Land Company (DILC), has signed a 25 years usufruct land lease agreement for a 50,000 sqm. plot with The Petroleum Projects & Technical Consultations CO. (PETROJET ).Port of Duqm Company (PDC) is fast becoming an important reality of the Middle East region’s rapidly transforming maritime landscape. PDC also holds under…

Photo: WISTA USA

WISTA USA Supports Sea Turtle Conservation

Women's International Shipping & Trading Association (WISTA) USA Florida Chapter participated in a sea turtle release with the Broward County Sea Turtle Conservation Program (BCSTCP) and Nova Southeastern University (NSU) on July 26, 2018.Forty nine WISTA members and guests attended the sea turtle hatchling release, which raised $1000 for the Broward County Sea Turtle Conservation Program.“As maritime professionals, WISTA members understand the significant role we can play to protect the habitats, nesting areas, and life cycle of sea creatures.

Rob Jenkins (Photo: Port Everglades)

Port Everglades Names Jenkins Port Security Manager

Port Everglades has appointed Robert “Rob” Jenkins to the position of Port Security Manager, a promotion from Security Compliance Manager.In his new position, Jenkins will be responsible for overseeing security and fire rescue operations and management for the Port, as well as facilitating related contracts, grants and funding. Additionally, he will interface with federal, state and local regulatory agencies that operate in Port Everglades.Jenkins joined the Port staff in 2013.

Logo: INTTRA

INTTRA Adds Turkon Line to its Carrier Network

INTTRA,  neutral network, software and information provider at the center of the ocean shipping industry, has announced the addition of Turkon Line, the latest regional carrier to join its rapidly expanding network.Turkon provides shipping services focused on the US, Europe and the Eastern Mediterranean through eight locations strategically located across Turkey, the US and Europe. Turkon will offer its customers a suite of shipping services through INTTRA’s network, including booking requests, shipping instructions, and Track and Trace.

Dorothea Ioannou (Photo: The American Club)

American P&I Club Manager Prepares for Further Growth

Shipowners Claims Bureau, Inc. (SCB), the Manager of the American P&I Club, has recently announced a series of appointments designed to service the Club’s growing membership and help fulfil longer-term goals of continued expansion. The American Club has grown its membership substantially over recent years, tonnage having increased by some 25 percent over the past 24 months, and these appointments are intended to consolidate the Club’s continuing service capabilities in the future.The…

Photo: Port of Corpus Christi

Port of Corpus Christi Raises USD 216mln for Ship Channel Expansion

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi.

Photo: Da Nang Port

Da Nang Upgrades Tien Sa Port

Da Nang Port Joint Stock Company (DNPJSC) has started the second stage of Tien Sa port after two years of construction, bringing its total capacity to 12 million tonnes of cargo per year.The national radio broadcaster Voice of Vietnam quoted General Director of DNPJSC Nguyen Huu Sia saying that the second stage at Tien Sa Port had cost more than 1 trillion VND (44.2 million USD), of which 36 percent was funded by the company.Tien Sa Port is expected to be able to handle 70,000 DWT vessels and 10 million tonnes of cargo a year.The expansion project will cover an area of 60…