Clark Joins North Carolina Ports as COO
North Carolina Ports has named Brian E. Clark as its new Chief Operating Officer, responsible for directing and coordinating the activities of the line and staff components of all terminal operations. He will also oversee the execution of the infrastructure investment plan and contribute to the development of business strategy and indirectly assist in the expansion of the ports’ global customer base. Clark has over 20 years of expertise in the maritime industry having worked in senior positions on the operations side with industry leaders.
Hapag Lloyd Completes Merger with UASC
German shipping line Hapag Lloyd and Arab sector peer UASC have completed a delayed merger which creates the world's fifth-biggest shipping company. The German company said on Wednesday that the deal to combine the two businesses, announced in April 2016 and sealed in July last year, has closed and been listed in commercial registers as of May 24, including a capital increase of 45.9 million euros. Qatar Investment Authority, through Qatar Holding, now holds 14.4 percent of Hapag Lloyd…
Hapag-UASC Tie-up Nears Completion
German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. The deal to create the world's fifth-biggest shipping company, valued at about 7 billion to 8 billion euros ($7.8-$8.9 billion), had been scheduled to complete at the end of last year. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route.
Hapag-Lloyd Stakeholders Okay Capital Increase
Hapag-Lloyd shareholders approved all items on the agenda at today’s Annual General Meeting. In particular, the shareholders approved the creation of new authorised share capital. This is to be used for a planned capital increase of USD 400 million, which is scheduled to take place within six month after the closing of the merger with the Arabian liner shipping company UASC. The closing took place on May 24. Some of the anchor shareholders have committed to backstop the cash capital increase in the amount of USD 400 million.
Gulf Bidders Emerge for UASC-linked Shipping Unit
Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to finalising the merger between UASC and German container shipping line Hapag Lloyd , sources close to the matter said. Last week, sources told Reuters that Hapag Lloyd was close to completing the 7-8 billion-euro merger after UASC shareholders agreed terms to repay outstanding debt. A sale of United Arab Chemical Carriers (UACC) - in which UASC holds the biggest stake - is also part of the terms of the Hapag Lloyd merger deal.
OSC Launches VLCC Chartering Business
Oman Shipping Company (OSC) has officially set up a new commercial chartering desk offering its Very Large Crude Carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide. OSC, one of the biggest ship owners in the MENA region, has a diversified and young fleet of 50 vessels. OSC owns 16 VLCCs within the fleet out of which OSC is now commercially managing 15 VLCCs through its subsidiary Oman Charter Company (OCC). The move follows an announcement in December 2016 which saw OSC withdrawing 15 VLCCs from the VL8 pool based in Singapore.
CMA CGM Expands India/Middle East/Africa Service
Shipping group CMA CGM will launch on May 23, 2017 a second Midas service connecting India, the Indian Ocean, the Middle East and Southern and Western Africa. Betting on the economic dynamism of both India and the countries of Africa, CMA CGM Group said it intends to benefit from the economic growth of the two regions. Midas 1 will service West Africa Range South and Center from India and the Middle East. Two calls in South Africa have been inserted on the way back in order to offer our Reefer customers among the fastest transit times to the Middle East.
Shipbuilders Council Names McCreary Chairman
Shipbuilders Council of America names Richard McCreary as new chairman; honors Sen. Cochran and Rep. At its annual spring meeting in Washington, D.C. this week, the Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipyard industry, named Richard McCreary of BAE Systems as the new chairman of the association. Additionally, SCA honored Sen. Thad Cochran (R-Miss.) and Rep. Duncan Hunter (R-Calif.) as recipients of its Maritime Leadership Award, recognizing the two for their demonstrated dedication and support of the U.S.
Jinhui Shipping Sees Bumpy Road to Recovery
Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market. The road to recovery will be challenging and the market will remain volatile, vice president Raymond Ching told the Q1 conference call on Monday. "To be honest it's very hard to pin down what will happen, this industry has been characterized by high volatility," Ching said. Q1 net loss $8 mln includes a non-cash impairment on disposed vessels of $6 million vs net loss of $18 mln in Q1 2016. Q1 average daily timecharter $5,925 per vessel vs $2,934 in Q1 2016.
Gulf Navigation Sails to Profit
Dubai-based shipping company Gulf Navigation Holding has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016. The result came at a stage while the company is witnessing a significant improvement in its performance, successful settlement of legal cases and entering into various global partnerships to strengthen its competitive position in the marine sector. According to GULFNAV’s financial report, its net profit reached…
Columbia Shipmanagement Receives DNV GL Certification
DNV GL has confirmed that Columbia Shipmanagement complies with the highest standards in energy and safety management. Torsten Schramm, President at DNV GL – Maritime, recently presented the ISO certification for the standards ISO 50001:2011 and OHSAS 18001:2007 to Carsten Sommerhage, Director of Columbia Shipmanagement (Deutschland) GmbH, at the shipping company’s offices in Hamburg. “These certifications highlight our efforts to perform a systematic energy management as well as maintaining the highest levels of health and safety through our company.
Port of Hamburg Volumes Up 1.7% in Q1
In the first quarter of 2017, the Port of Hamburg’s total throughput was up by 1.7 percent at 35.4 million tons. Growth in Germany’s largest universal port was therefore slightly above the average 1.6 percent for the other major North Range ports of Rotterdam, Antwerp and Bremen/Bremerhaven. Contributing to the Hamburg total, bulk cargo throughput was 6.7 percent higher at 12.2 million tons, and general cargo handling at 23.1 million tons, just 0.7 percent lower. In the former segment…
XL Catlin Names McAdams Chief Underwriting Officer, Global Marine
XL Catlin has announced the promotion of Rob McAdams to the position of Chief Underwriting Officer for Global Marine with immediate effect. Previously, McAdams held the role of UK/ Ireland Marine Leader. McAdams has 20 years’ experience in the insurance industry. Prior to joining legacy XL he held positions at Reliance National in New York. He is an Associate of the Chartered Insurance Institute, and a Chartered Property & Casualty Underwriter.
Acquisitions to Yield Better Results for Hoegh LNG
Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017. The results of the Höegh Grace contributed to the Partnership's earnings for the full first quarter of 2017, says the company. Having closed the acquisition of 51% of the Höegh Grace at the beginning of the quarter, the Partnership has expanded and diversified its fleet to five FSRUs and added Colombia to the growing list of markets utilizing floating storage and regasification units to participate in the global LNG trade.
NorSea, Kongsberg Establish Digital Collaboration
A new company set up by NorSea Group to simplify logistics through digital technology, NSG Digital, has established a collaborative agreement with the Kongsberg Group. The two are now moving the development and deployment of their new product, NSG E2E, to Kongsberg’s application platform Kognifai. With its new product, NSG Digital aims to simplify and enhance visibility and information sharing in supply chains. Through digital collaboration NSG E2E (End-to-End) will make cargo logistics more efficient and transparent.
Glencore Seeks to Grow via Acquisitions
Mining and commodities trading group Glencore Plc would prefer to grow its business through acquisitions rather than greenfield investment, its chief executive said on Wednesday. Addressing an annual general meeting in Cham, Switzerland, CEO Ivan Glasenberg also said there was "no reason to go into any new commodities," adding he hoped the company's agricultural business "will get bigger in the future". Glencore said on Tuesday it had made an informal approach to U.S. grains trader Bunge Ltd to discuss "a possible consensual business combination." Bunge said it was not in talks with Glencore.
Kenagy Named No. 2 Head at Port of Long Beach
The Long Beach Board of Harbor Commissioners has appointed Duane Kenagy as the Port of Long Beach’s deputy executive director. Kenagy most recently served as interim chief executive, overseeing the nation’s second-busiest seaport during the search that ended in naming Mario Cordero as executive director. “Duane provided exceptional leadership during an important transition period at the Port of Long Beach,” said Harbor Commission president Lori Ann Guzmán. “It was exactly what the board was hoping for, and this appointment is a reflection of Duane’s value and service.
Vartdal Wins WISTA LeaderShip Award
Birgitte Ringstad Vartdal, CEO of Golden Ocean, has been awarded the WISTA LeaderShip Award 2017 by WISTA Norway as recognition of her contribution to the maritime industry, her competency and leadership skills within the traditionally male dominated role of CEO. The award will be presented at Nor-Shipping’s Waves of Change Conference on May 30. “Birgitte Ringstad Vartdal has lived up to WISTA’s core values, and contributed to the development of the maritime industry through her capacity as CEO in an extremely challenging market.
AEU’s Martone and LeVeque Appointed to LCA Board
The American Equity Underwriters, Inc., a provider of workers’ compensation insurance for maritime employers, announced that two employees – John A. “Jack” Martone and Ryan LeVeque – have been named to the board of directors of the Longshore Claims Association, a nonprofit organization of claims professionals serving the shipping industry and longshore and stevedoring communities. Martone, senior vice president of AEU Advisory Services, previously served in various positions for 27 years with the U.S.
Mercy Ships President Receives Honorary Doctorate
Honored for his nearly 40 years of service after founding a global charity which operates the world’s largest private hospital ship, Mercy Ships founder and president Don Stephens received an honorary Doctor of Divinity degree at Gordon College Saturday at the institution’s commencement ceremony. Stephens, who also delivered the baccalaureate address to the Class of 2017 graduates on Friday, was recognized by Gordon College for his longstanding service and the profound impact of Mercy Ships around the world…
CMA CGM Posts Higher Q1 Profits
Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump. The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which it consolidated in June last year, of $86 million compared with a $100 million loss in the same period of 2016. This was also above the…
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be joining the team.
MXB Begins Physical Operations in Mumbai
Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies. The company will provide physical products at Mumbai’s Outer Port Limits (OPL), servicing vessels that are waiting to berth, as well as vessels making bunker-only-calls.
WSS to Trial Drone Deliveries to Ships
Marking a shift in how ship agents can support customers, Wilhelmsen Ships Service (WSS) said it will soon begin delivering its agency essentials via drone. A much talked about technology, with obvious applications for the shipping industry, it is WSS’ships agency team, rather than the company’s supply chain, or product divisions, which have been assessing the business opportunities offered by drones. Dispensing with the need for launch boats to deliver such essentials to vessels at anchorage, along with cutting delivery times, Johansen estimates drone flights will also slash costs.
New Bunker Supplier Eyes Houston/Galveston Market
GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post 2020 bunker fuels to be produced in Texas. The Company has secured working capital funding from a Texas-based private equity group and has entered into agreements for physical marine fuels storage at Texas International Terminals in Galveston, beginning July, 2017.
UNCTAD Signs MOU with MarineTraffic
Global ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development (UNCTAD) have signed a Memorandum of Understanding. Under the agreement, UNCTAD and MarineTraffic will be sharing information and data that will enable both organizations to enhance their services and allow for more accurate analysis of global trade and shipping trends. Geneva headquartered UNCTAD plays an important role in integrating developing countries into the world economy, with maritime related research, policy analysis and data collection an integral part of this process.
Hapag-Lloyd Celebrates 125 Years in Montreal
125 years ago, the steamship “Cremon” set sail from Europe to Canada for the first time under the Hapag flag. Hapag-Lloyd will be celebrating this anniversary in Montreal today with the shipping company’s customers and other partners. “As an important connection between Atlantic and Pacific, as well as between the United States, Asia and Europe, Canada has been and continues to be an important and special partner for us,” said Rolf Habben Jansen, the CEO of Hapag-Lloyd AG. At the end of the 19th century…
SUNY Maritime Cadets Receive Crowley Scholarships
Four cadets at State University of New York (SUNY) Maritime College have been awarded Thomas B. Crowley Memorial Scholarships to help further their educational opportunities, Crowley Maritime Corp. announced. Recipients Jacob Ennerfelt, John Szczecinski, Gabrielle McCracken and Kent Napoliello, who will each sail with Crowley this summer, were chosen based on their demonstrated leadership skills, financial need and plans to pursue a career in the marine engineering or shipping industries after graduation.
Morrison Express Names Krajniak Americas VP
Logistics, transportation and supply chain management provider Morrison Express announced that Ron Krajniak has joined the company as Vice President and General Manager, Americas Region. “Serving in key leadership roles in both domestic and global operations with clients across the supply chain and logistics industry, Ron brings broad-reaching experience to our management team," said Morrison Express Chairman and CEO, Danny Chiu. "Ron has a history of driving results and achieving corporate goals while managing operations and cross-functional teams to success," Chiu added.
Shell to Continue Philippine Mariner Training
Shell Marine has renewed its technical partnership for a further four years with the University of Cebu - Maritime Education and Training Center (UC METC). At the signing of the new Memorandum of Understanding (MoU) were Shell Marine Executive Director Jan Toschka, University of Cebu President Atty. Augusto W. Go. Shell Marine will provide expertise in lubrication technology to the students and lecturers of the UC METC. A technical team from Shell Marine will provide training and knowledge modules through workshops and seminars at the UC METC.
Diana Adds Post-Panamax Bulker, Bags Contracts
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Phaidra (formerly “Soya May”), a 2013 built Post-Panamax dry bulk vessel of 87,146 dwt that the Company entered into an agreement to purchase in April 2017. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore for one of its Capesize dry bulk vessels, the m/v Semirio.
Campbell Acquires Barges, Towboats from ACBL
Campbell Transportation Company, Inc. said it has signed an agreement with American Commercial Barge Line LLC (ACBL) to acquire certain affreightment contracts along with 155 barges and four towboats that will operate on the Ohio River system. Campbell said it expects to close the transaction by the end of the second quarter, subject to customary closing conditions. Once the acquisition has been completed, Campbell will own and/or manage more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company.
SUNY Maritime Graduates 17 to US Navy
The afternoon before they received their SUNY Maritime degrees, 17 students received their commissions into the U.S. Navy. Of the 17, two were commissioned as surface warfare officers and, upon graduation, will report to USS Shiloh forward deployed and homeported in Yokosuka, Japan, and USS Somerset homeported in San Diego, California, respectively. Four were commissioned as submarine warfare officers and will report to Nuclear Power School in Charleston, South Carolina. The rest were commissioned as strategic sealift officers and will go on to work in the U.S. Naval Reserves.
Milaha: NEw Shipping Service Between Qatar & UAE
Qatar-based maritime transport and logistics conglomerate Milaha said it has launched a door-to-door shipping service between Qatar and UAE, and vice versa. Mainly targeting SMEs in the automotive spare parts, fashion retail, and the Fast-Moving Consumer Goods (FMCG) sectors, Milaha will use its own marine transport assets and logistics infrastructure to fulfil the service. The service is part of the company’s strategy to be a one-stop shop for its partners’ shipping and logistics requirements.
Richards Appointed CEO For 3Si Group
Safety and Survival Systems International Ltd (3Si) has announced the appointment of new CEO, Andrew Richards. Richards joins the group, whose companies include Ocean Safety, Typhoon International, International Safety Products, 3Si Offshore and Revere Survival, in mid-May. Richards has over 20 years’ experience in the safety sector of the marine industry. Most recently he was CEO of marine refurbishing business Trimline, and prior to that Managing Director of Cosalt PLC’s Marine Division, and Global Marine and Leisure Sales Director for Survitec.
DSME Gets Fresh $6B Bail Out
Korea's battered Daewoo Shipbuilding & Marine Engineering (DSME) is all set to receive a new bailout package worth $6 billion, after court rejected appeal from a group of individual investors. According to Pulse news, government-led bailout package that required all creditors and bondholders to agree to push back the maturity, lower borrowing rates, and convert debt into equity according to their share had been put on hold as some of the individual investors appealed to a Busan court.
Hapag-Lloyd to Omit UASC in 2017 Financials
The outlook for the 2017 financial year is based on the Hapag-Lloyd Group’s existing business activities as at 31 December 2016 and therefore does not include UASC’s business activities or the acquisition of UASC in 2016. A statement from the company said that the present outlook for the business 2017 will be omitted following the merger of Hapag-Lloyd and UASC which is expected to be completed at the end of May 2017. With the publication of the next financial report,Hapag-Lloyd…
OOCL Hong Kong Christened
Orient Overseas Container Line (OOCL) announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries (SHI) shipyard on Geoje Island on May 12. The OOCL Hong Kong was also celebrated as one of the largest containerships in the world by carrying capacity, and will be a welcome addition to strengthening the OOCL fleet this year. In his ceremonial remarks, C. C. Tung, Chairman of Orient Overseas (International) Limited addressed the importance of this occasion for the company.
Mitsubishi Restructures UniCarriers Business
Mitsubishi Nichiyu Forklift announced the integration of business operation with its consolidated subsidiary UniCarriers Corporation through a company split where Mitsubishi Nichiyu succeeds the businesses of UniCarriers except domestic sales, with effect from October 1, 2017. This integration of business makes it possible to achieve integration synergy early by further accelerating the Post-merger integration (PMI) activities. Furthermore, Mitsubishi Nichiyu is committed to “strengthen…
Euroseas Sees Improvement in Cargo Shipping
The beginning of 2017 found both the drybulk and containership markets recovering from the historical low levels observed during 2016, says Euroseas Chairman. Aristides Pittas, Chairman and CEO of Euroseas said that the drybulk market improved rapidly during the last two months of 2016 and throughout the first quarter, although it has recently lost some of the gains achieved. The containership market improved more gradually starting in February 2017, and has maintained its level, still low compared to historical standards, despite a slowdown in chartering activity lately.
Partners Aim to Encourage Maritime Entrepreneurs, Innovation
SUNY Maritime College and EEX Maritime Oy, of Finland, will be working together to encourage entrepreneurs and technological innovations in the maritime industry. The two recently signed a memorandum of agreement that will allow the two to promote collaboration between start-ups, large companies and thought leaders in the maritime industry. The maritime industry is in the midst of a period of change, as technological innovations and advancements change the way the world does business and, increasingly, the way goods transit the globe.
Mein Schiff 6 Makes Maiden Call in Kiel
The latest newbuilding to join TUI Cruises, Mein Schiff 6, has berthed in Kiel for the first time. Kiel is the ship’s first passenger port of call in Germany she has visited since she was handed over a few days ago in Turku, Finland. The 99,000 GT, 295 m long cruise ship arrived in the Kiel fiord on Thursday, May 11 to a water fountain welcome and was escorted to her berth by one of the port’s tugs. Onlookers lined the banks and visited the Ostseekai Terminal to catch a glimpse of Mein Schiff 6.
V.Group Announces New Leadership
Following the appointment of Chairman, John Pattullo and non-executive director Jesper Kjaedegaard on 9 March, V.Group has announced its decision to appoint a new CEO to start in Q4 2017. This decision was taken jointly with Clive Richardson who has successfully led the company since 2009. He will be stepping down from the CEO role before the end of May and will be replaced by Hanne Sorensen who will act as interim CEO until a full time CEO takes over later this year. The search for a new CEO is well advanced and a further announcement in this regard will be made in due course.
Invasive Species Meets its Silver Bullet: Envirocleanse
A new entry to the ballast water treatment promises compliance along with savings in both CapEx and OpEx. Who says there’s no ‘silver bullet’ in the BWTS game? In the port of Houston, Texas, three medium-sized tankers are berthed adjacent to one another at this sprawling petrochemical complex. The first, a 70,000 ton shuttle tanker, is discharging a parcel of Brent Crude Oil. The second, a coastwise product carrier, is taking on a parcel of gasoline destined for the East Coast. And the third, another crude carrier, is also discharging bulk crude oil.
Abu Dhabi Ports Seeks Korean Investment
Abu Dhabi Ports the master developer, operator and manager of commercial and community ports in UAE, as well as Khalifa Industrial Zone, in conjunction with Abu Dhabi and the Korean Chambers of Commerce and Industry, have hosted an investment forum for the Korean market, in Seoul. Held at the headquarters of the Korean Chamber of Commerce and Industry, the forum objective was to highlight and explore promising industrial, trade and investment opportunities by introducing the Khalifa Port Free Trade Zone, recently labeled as the largest free zone in the Middle East, to the Korean market.
Engineering Firm Rebranded WSP USA
WSP | Parsons Brinckerhoff, a global engineering and professional services firm, is now WSP worldwide effective May 10. In the United States, the firm will operate as WSP USA. Parsons Brinckerhoff, a transportation engineering and management organization founded in 1885 in New York City, was acquired in 2014 by WSP, a global professional services consultancy. For the past two and a half years, the firm has operated as WSP | Parsons Brinckerhoff in the U.S. WSP USA has engineered hundreds of maritime projects…
Who Works the Rivers: Inland Waterways Career Fair
Employers in the river sector and prospective employees will have a unique opportunity to network with each other on May 24 thanks to a partnership between RiverWorks Discovery and the Inland Marine Expo. RiverWorks Discovery will host the Who Works the Rivers career fair from 10 a.m.-2 p.m. on Wednesday, May 24, at IMX 2017, in the Dome at America’s Center in St. Louis. Who Works the Rivers educates prospective employees on skilled labor jobs available to them in the maritime industry, from nonprofit to military.
Intermarine Expands Americas/Mediterranean Service
Transporter of project, breakbulk and heavylift cargo Intermarine, LLC said it has expanded its Houston-based liner services from the Americas to the Mediterranean. The line will focus on service from the U.S. Gulf Coast/Americas to the Mediterranean, Black Sea and Adriatic Sea – specifically with focuses on Algeria, Egypt and Turkey. The monthly eastbound service dovetails with Intermarine’s recently announced expansion of the westbound Mediterranean to U.S. Gulf Coast/Americas service.
Officials Mull Future of Dubai Maritime Cluster
Dubai Maritime City Authority (DMCA) officials recently met with officials of maritime company GAC Group to discuss current and future aspects of maritime freight and logistics services in light of the successive achievements of Dubai which ranked in the top 10 Maritime Capitals for 2017. According to DMCA , the move is in line with the its commitment to establishing direct communication channels with leaders of the global maritime industry with a presence in Dubai, and forms part of its continuous efforts to drive the growth of the local maritime cluster…
WTS Selects Transportation Award Winners
WTS International, the association for the professional advancement of women in transportation, has selected the winners of its annual recognition awards for 2017. Each of the six awards will be presented at an awards ceremony on May 18 during the 2017 WTS Annual Conference in Brooklyn, N.Y. WTS Woman of the Year – The Honorable Susan M. The awards ceremony will be held during the 2017 WTS Annual Conference, being held in Brooklyn, NY, May 17-19. As WTS International’s flagship event…
Flores Named VP at NETSCo
Engineering, design and maritime consulting services provider NETSCo, Inc. has recently promoted Jan Flores to vice president, and welcomed new additions Trish McIntyre as engineering manager and Matt Davidson as junior naval architect/marine engineer. “In recent years, Jan has been instrumental in the success and growth of NETSCo and I am excited to promote him to this important position,” said Rich Mueller, founder, president and CEO of NETSCo. “Jan’s experience in taking our company goals and vision to new levels has strengthened our status as an industry leader.
Frangou to SUNY Maritime Grads: Take Risks
On a rainy day in May, 230 graduates at SUNY Maritime College’s commencement ceremony were encouraged to take risks, embrace failure and leave their comfort zones. Angeliki Frangou, chairman and CEO of the Navios Group, applauded the students for the leadership skills, discipline and real-world experience they gained in their time at the college. She was also awarded an honorary doctor of science degree from the State University of New York. “SUNY Maritime prepares you for a successful life.
Markel International Appoints Kristiansson in Singapore
Markel International Singapore, the specialist insurer, has appointed Gustaf Kristiansson as marine underwriter based in Singapore. Kristiansson joins the Singapore office from Markel International’s Sweden office where he held the same position. Prior to that, he was located in Dubai, UAE working for Gulf Agency Co., an international shipping logistics and marine services company. Kristiansson brings with him more than 10 years of shipping and marine insurance experience.
Major Upgrade to ISF Watchkeeper
The International Chamber of Shipping (ICS) and IT Energy have launched the latest release of the ISF Watchkeeper software – ISF Watchkeeper 3.5 – developed for maintaining records of individual seafarers’ work hour records, as required by IMO and ILO regulations, and to help prevent crew fatigue and to avoid issues with Port State Control. This major upgrade, which is available free of charge to existing ISF Watchkeeper users on more than 8,000 ships worldwide, has been designed to reflect the evolving needs of those at sea and managers ashore.
Kenny to Take the BMT Helm
When BMT Group Ltd (BMT) current CEO Peter French retires in September, he will be succeeded by Sarah Kenny, who joins BMT on August 1. “Sarah is well qualified to take on this role," said BMT’s Chairman, Sir John Hood. "She is ambitious for BMT and her extensive background in the marine and defence industries means she is ideally positioned to ensure that BMT’s research and development roots are cultivated and innovation nurtured. Kenny comes from QinetiQ where most recently she established and led the Maritime, Land & Weapons business as Managing Director, reporting to the Group CEO.
Akzo Nobel Rejects Third PPG Takeover Bid
Marine coating major AkzoNobel announced it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel. A statement from AkzoNobel said that it has concluded its own strategy, presented on April 19, 2017, offers a superior route to growth and long-term value creation and is in the best interests of shareholders and all other stakeholders. This decision follows considerable in-depth analysis of PPG’s proposal by the Supervisory Board and Management Board of AkzoNobel…
Bahri, Hyundai Heavy Pact for Big Data Initiatives
The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry. HHI Group is the world’s largest shipbuilding group with extensive experience in ship construction and shipyard management. The two parties signed a Memorandum of Understanding (MoU) that lays out a comprehensive business cooperation framework to jointly evaluate the feasibility of launching new long-term projects…
Eagle Bulk Shipping Reports Q1 Loss
Eagle Bulk Shipping reported a loss of $11.1 million in its first quarter. It posted revenue of $45.9 million in the period. Importantly, these developments are occurring against the backdrop of continued improvement in the dry bulk market itself with respect to both trade demand and vessel supply fundamentals. “Looking ahead, we are increasingly optimistic concerning Eagle’s enviable positioning within the dry bulk market, as well as our ability to generate value for all stakeholders,” Gary concluded.
Harris Joins J.F. Lehman Operating Executive Board
Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company. The OEB is a group of industry and government executives with significant experience in the firm’s target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions, advising on portfolio company strategy and recruiting senior level portfolio company management.
DHT Rejects Frontline Bid, Again
Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April 25 proposal to acquire all of the outstanding shares of common stock of DHT at a ratio of 0.8 Frontline shares for each DHT share. "This is, of course, the exact same proposal you made at the end of February. We unanimously rejected that proposal…
London Eyes Top Maritime Center Slot
London has risen from sixth place overall in 2015 to fifth place this year the world’s top maritime centre in Menon Economics’ Leading Maritime Capitals of the World report for 2017 – despite the uncertainty of Brexit. UK Chamber of Shipping says that none of the other maritime cities in the top five – Singapore, Hamburg, Oslo and Shanghai – have had to deal with such a massive economic spanner being thrown in their works. And still London has strengthened its global standing.
Dedication Ceremony Kicks off Boston Cruise Season
In a ceremony not far from the docks where former Mayor of Boston and U.S. Ambassador to the Holy See Raymond L. Flynn once worked as a young man, Governor Charlie Baker, elected officials, community members and children from South Boston, and Massport officially dedicated The Flynn Cruiseport Boston at The Black Falcon Terminal. The event also celebrated the annual kick off to the Boston cruise season. “We are honored to dedicate this facility in honor of Ambassador Flynn and his service to the people of Boston, our Commonwealth and nation,” said Governor Charlie Baker.
ENGIE, AES to Expand LNG Partnership to Central America
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía. The total capacity of the Costa Norte LNG terminal is approximately 1.5 million metric tons per annum (mtpa), of which 25 percent will be used for the 380 MW AES Colón CCGT currently under construction on the same site.
The Shipowners' Club Bounce Back to Black
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016. The Club has reported a combined ratio of 98.6%, an increase in gross tonnage of 0.8m to 25.4m and an overall surplus of US$ 14.7m, including a return on the investment portfolio of US$ 11.8m. Chairman Philip Orme announcing the results highlighted that “the Club has again delivered an underwriting surplus despite slightly reduced income.
Anderton Joins Florida Freight Advisory Committee
Broward County's Port Everglades said it is taking an active role in the state's multimodal freight planning initiative as David Anderton, Port Everglades Assistant Director, was recently appointed to the Florida Freight Advisory Committee. The Advisory Committee works in cooperation with the Florida Department of Transportation (FDOT) to development freight connections that strengthen the state's position as a primary cargo hub in the United States. "As the leading containerized cargo port in Florida…
Matson, Philly Shipyard Mark ‘Aloha Class’ Milestone
Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new "Aloha Class" containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S. During today's ceremony in the dry dock where the first engine room section…
Intermarine Expands Mediterranean to Americas Service
Transporter of project, breakbulk and heavylift cargo Intermarine, LLC said it has expanded its liner service from the Mediterranean to the Americas with the appointment of Hugo Trumpy as exclusive commercial agent in Italy for this trade lane. Genoa-based Hugo Trumpy has more than 60 years of experience dedicated to this trade lane and customer base (as ex Nordana Line agent). Intermarine and Hugo Trumpy will increase the present liner service to the Americas and will ensure regular sailings from the Mediterranean to the Americas.
Fleet Xpress Exceeds 10,000 Ship Milestone
Fleet Xpress has secured commitments covering in excess of 10,000 ships within 12 months of launch. The milestone has been reached as a result of contracts with individual ship owners, commitments from strategic Partners, and transitioning agreements with existing Inmarsat customers. “The demand for Fleet Xpress has been unprecedented since its launch at the end of March 2016, demonstrating that the market has been truly ready for the connected ship and the network supporting maritime business applications” said Ronald Spithout, President Inmarsat Maritime.
FSL Q1 Earnings Rise
FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), reported a net profit of $3.4 million for the three months ended March 31, 2017, compared to $2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17.7 percent decline in revenue to $21.9 million for 1QFY17, compared with $26.7 million reported in 1QFY16. The decrease in revenue is primarily due to the dry-docking of two crude oil tankers in 1QFY17…
Another Dry Bulk Ship Delivered to Golden Ocean
Golden Ocean Group Limited has taken delivery of dry bulk vessel Q Kennedy, to be renamed Golden Kennedy. The vessel is the third of 16 dry bulk vessels recently acquired by Golden Ocean in an all-share transaction where the company will issue in aggregate 17.8 million consideration shares. Golden Ocean has issued 1.7 million consideration shares to Quintana Shipping Ltd. and associated companies in exchange for Q Kennedy. Following this transaction, Golden Ocean’s issued share capital is $5,893,649.60 divided into 117,872,992 issued shares, each with a nominal value of $0.05.
Intermanager Expands Global Membership
The international ship managers’ body, InterManager, has extended its global membership by welcoming three new members, the Republic of the Marshall Islands Ship Registry, ARC and SC Innovation. Welcoming the three new members, Capt Kuba Szymanski, Secretary-General of InterManager said: “Our mandate to our members is clear and it is this support and collaboration that has caused our membership to grow. As we welcome our first ship registry member it is a reminder that by working as a multi-sector Association, together we can ensure a rich sustainable industry for generations to come.
Damen InvaSave BWSM Makes World Premiere
On April 25 Damen’s IMO certified InvaSave ballast water management system (BWMS) received its world premiere in front of an invited audience courtesy of Groningen Seaports at the harbour of Delfzijl and Eemshaven, The Netherlands. This marks the culmination of a seven-year program to develop an effective mobile BWMS for use in ports. The premiere was a joint presentation between Damen Shipyards, the designated operator MariFlex and Groningen Shipyards, as well as Royal Wagenborg. This was the first time that the InvaSave has been used by a commercial operator.
AMSOL Bags New Contracts
AMSOL has been awarded a five-year contract by the South African Department of Transport to operate the standby tug utilized as part of state driven proactive marine pollution prevention measures. And in another development, AMSOL has been appointed by the Sunrise Energy Liquefied Petroleum Gas (LPG) Import Terminal as the preferred marine contractor to fulfill marine operations and multi buoy mooring surface and subsea maintenance requirements in Saldanha Bay, South Africa. AMSOL’s…
Global Ship Lease Report Q1 Financials
The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "During the first quarter of 2017, we continued to execute our core strategy, maximizing the value of our long-term time charters with high-quality counterparties, maintaining high levels of vessel utilization and closely controlling costs. The fleet generated operating revenues from fixed-rate time charters of $39.6 million in the three months ended March 31…
Thome Opens Training Facility in The Philippines
Thome Ship Management Pte. Ltd., has opened a modern training facility in Makati city in the heart of the Philippines, so that its seafarers and cadets can practise using the latest equipment which will be the same as the machinery they encounter once onboard. All guests were welcomed by Capt Ivar Thomasli, Managing Director of Thome Ship Management – ROHQ, followed by the ribbon - cutting ceremony led by Thome Group Executive Chairman, Olav Eek Thorstensen, President and Chief Commercial Officer (COO)…
Merger: OEG Offshore, Paragon Industries
OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, announced the merger of its U.S. business with Louisiana based cargo unit and logistics specialist Paragon Industries, Inc. The multimillion dollar merger confirms the combined OEG business as one of the leading offshore container suppliers serving the Gulf of Mexico. The deal expands OEG’s U.S. fleet by more than 1,400 units and includes a number of new container designs as well as extending OEG’s current Gulf Coast presence to a number of new full service locations.
Great Lakes Dredge & Dock Names Petterson CEO
Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services. In his over 35-year career, Petterson has gained extensive experience in the engineering, construction and maritime industries. His international experience includes time working and living in Norway, Asia and the U.K. to oversee operations and major projects in Australia, Middle East and South America. Most recently, Petterson served as a private consultant to clients in the oil and gas sector.
MOL Rolls Out 'Rolling Plan 2017'
Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017. In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027), along with a long-term course for management, and then drafted three-year and long-term business strategies to realize this vision. This process was followed considering the major upheaval in the business environment surrounding MOL and the maritime transport industry, the group said. According to MOL…
New Sensors Monitor Temp of Dangerous Goods
Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments. The data is then sent to a control system, enabling Bertschi Group to monitor the temperature of the product in the tank, as well as the steam pipes which are used to heat the cargo, in real time. Nexiot’s smart sensors harvest energy from the environment, which makes them self-sustaining, and enables them to update the control system with messages down to every five minutes.
Hyundai Heavy Sails Back to Profit in Q1
Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10.76 trillion won. HHI mainly attributes the whooping quarterly operating profit increase to 127.1 billion won operating profits from HHI’s Shipbuilding Division which is 251% up from the first three months last year.
DSME Turns Profit in Q1
Daewoo Shipbuilding & Marine Engineering (DSME) swung to the black in the first quarter of the year from a year earlier, largely thanks to cost-cutting measures, reports Yonhap. The Korean shipyard reported an operating profit of 292 billion won ($257.57 million) for the January-March quarter, compared with an operating loss of 38 billion won a year earlier. Net profit reached 261 billion won (US$230 million) in the January-March period, compared to a loss of 3.4 billion won in the same quarter of last year, it said in a regulatory filing.
Cox Takes over as Matson Board Chairman
Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today. The appointment becomes effective at the end of the company's annual shareholders’ meeting today, as Dods retires in accordance with the company's corporate governance guidelines limiting board members’ age. “In my nearly 30 years associated with Matson, I've never felt stronger about its leadership and long-term prospects,” Dods said.
New Seafarer Social Network App Launched
The eMaritime Group have launched a free social network app eMaritime Exchange for Apple and Android. Developed by seafarers for seafarers, the focus of the app is solely on improving the lives of mariners around the world. From breaking news to latest jobs posted daily and an interactive forum allowing the community to ask questions relevant to them and gain free advice from their global colleagues. The app was conceived through extensive research from both users and others…
SUNY Maritime's DeFalco Awarded for Excellence in Teaching
Elissa DeFalco, an associate professor of humanities at SUNY Maritime College, has received a Chancellor’s Award for Excellence in Teaching from the State University of New York this year. The award was given in recognition to her dedication to the success of her students, her willingness to serve her department and the college, and her commitment to academic excellence. “Your mastery of teaching, dedication to students, adherence to the highest academic standards, and continued professional achievements are reflected in your selection for this honor,” said Nancy L. Zimpher, SUNY chancellor.
ABS Leads Ballast Water Management Workshop
ABS, a provider of classification and technical services to the marine and offshore industries, hosted a Ballast Water Management (BWM) Workshop for ship owners with BWM systems installed onboard their vessels. The full-day session covered a range of issues, including installation, commissioning and operational challenges associated with BWM systems. “This workshop is another example of how ABS serves as a trusted advisor and independent voice, facilitating dialogue and discussions around the most pressing technical and operational challenges…
CMA CGM, Adani Ports Sign Pact to Operate Mundra Port
French shipping group CMA CGM and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port, for next 15 years with an option to extend it twice for 10 more years. Rodolphe Saadé, CMA CGM’s Chief Executive Officer said: We have been present in India for over three decades now and employ 4,000 people. Speaking on this momentous occasion…
MPA Honors ABS
ABS has been awarded the Offshore & Marine Engineering Award by the Maritime and Port Authority of Singapore (MPA). This award recognizes organizations that have made significant contributions toward the development of Singapore’s offshore and marine engineering sector. “ABS is honored to receive this award recognizing our leading role in Singapore’s marine and offshore industries,” says ABS Chairman, President and CEO Christopher J. Wiernicki. The MPA award recognizes ABS for its breakthrough work in the areas of innovation…
Singapore Ranked World's Top Maritime Capital
Singapore has once again emerged in top place in a ranking Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017. The study, by Norwegian consultancy firm Menon Economics, looked at 24 objective indicators and garnered survey responses from more than 250 industry experts across all continents. Singapore was also ranked first in the report's 2015 and 2012 surveys. Singapore was ranked number one in the following three categories: Shipping, Ports and Logistics, and Attractiveness and Competitiveness.
MPA Honors Patrick Phoon
Ocean transportation firm, “K” Line Pte Ltd, and Patrick Phoon, Deputy Managing Director of Evergreen Shipping Agency, received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively. The Maritime and Port Authority of Singapore (MPA) has honoured ten industry partners who have made outstanding contributions to Singapore's development as a premier global hub port and a leading international maritime centre at the Singapore International Maritime Awards (IMA) 2017.
Chinese University Implements Navis Training Software
China's Wuhan University of Technology (WUT) has partnered with Navis to implement the MACS3 ship loading computer and the Navis StowMan stowage planning program as educational software. In the future, prospective nautical officers will learn loading and unloading operations for container ships and bulk carriers in the segment of 76,000 dwt to 300,000 dwt (very large ore carrier), with on-board planning support provided by the MACS3 stability program from Navis. In addition, students will use the shore-side stowage planning software…
DNV GL Launches PSC Planner App
Classification society DNV GL has launched a new application on its My DNV GL portal – the Port State Control (PSC) Planner. The PSC Planner has been designed to help ship owners, managers and operators increase their operational efficiency by giving them an overview of a vessel’s or fleet’s PSC performance and to benchmark that performance against the IACS classed world fleet. It also helps the crew on board by showing them particular areas to focus on when they are preparing for their next inspection.
Baltic Exchange Chief Outlines Growth Plan
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks. “The recent acquisition of the Baltic Exchange by the Singapore Exchange (SGX) has reinvigorated this key international maritime institution, allowing us to grow our leadership profile and play a bigger role than ever before in setting standards, building consensus and leading change in the shipping markets.
Port of Long Beach Names Two Engineering Executives
The Long Beach Board of Harbor Commissioners this week named two Harbor Department engineering leaders as the new Chief Harbor Engineer and the new Director of Program Management. The Appointments are effective April 29. Suzanne Plezia, the Port's Director of Construction Management, has been promoted to Senior Director of the Engineering Bureau’s Program Delivery Group. The position also holds the title of Chief Harbor Engineer. Plezia is the first woman to be Chief Harbor Engineer of the Port of Long Beach.