LNG Floating Storage: A Passing Trend?
At the end of 2015, global LNG production was approximately 35 bcf/d. By 2019, global supply is set to increase by 40 percent with the U.S. and Australia planning to bring another 15 bcf/d online. However, traditional markets like Europe and Northern Asia are experiencing no demand growth due to several factors, including price controls, competition from other fuels, and regulations. Increasing supply may see LNG ships become floating storage units, similar to what the oil industry has experienced.
Modernization of The U.S. Fishing Fleet
Coming in the January 2017 edition of Maritime Reporter & Engineering News is an insightful report on the modernization of the U.S. Fishing Fleet, with a focus on the ubiquitous Pacific Northwest. Modernization of the North Pacific Fishing Fleet, a study by The McDowell Group for the Port of Seattle, has made the rounds and given weight to the idea that a major fleet upgrade really is underway. With average 2014 gross revenues having run between $2 million for Bering Sea/Aleutian Island trawl vessels to $16 million for some catcher-processors…
Australian LNG-fueled RO/RO Enters Service
A brand new liquefied natural gas (LNG)-fueled roll-on-roll-off freight vessel, Searoad Mersey II, has commenced service from its home port Devonport, in northern Tasmania, Australia. Touted by Bass Strait shipping and logistics firm SeaRoad as the “cleanest, greenest freight ship ever to trade in Australian waters”, Searoad Mersey II is the first coastal ship in Australia to use LNG fuel-and-power technology and the first pure dry cargo ship in the world to use a roll-on roll-off LNG supply system.
Terragon Trash Tech for BigLift Ship
Terragon Environmental Technologies Inc. and Marship Engineering entered into a contract with Zhejiang Ouhua Shipbuilding China to supply a MAGS V8 for the new build vessel mv Happy Sun of Netherlands based BigLift Shipping (a member of the Spliethoff Group). As shipping companies are increasingly under a microscope regarding their emissions to the environment, the decision by BigLift Shipping to chose MAGS gasification technology reflects its role as an early adopter of innovative technologies on their ships.
Albert Takes the Helm at VT Halter
Paul J. Albert has been appointed as the President and CEO for VT Halter Marine, effective immediately. “Paul's proven leadership and operational skills in managing complex shipbuilding projects makes him the right choice to lead VT Halter Marine. We are confident in his ability to grow the company while maintaining its reputation as one of the most innovative shipbuilding companies in the United States,” said Admiral Bill Landay, Chairman of the VT Halter Marine Board. “We are excited to appoint Mr.
Gulf Navigation, Mena Energy Sign Strategic Deal
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial relationship and to further strengthen their existing business ties. The parties have agreed that Gulf Navigation would acquire vessels that would be time-chartered to MENA Energy for carrying Crude and the petroleum products.
Fincantieri the Sole Bidder for STX France
Italian shipbuilding and construction group Fincantieri SpA is the only bidder for shipping group STX France, a source close to the matter said on Tuesday. The sale of STX France, which specialises in building cruise ships in the western France city of Saint-Nazaire and is profitable, forms part of the broader sale of businesses from the collapsed STX shipbuilding group. A spokesman for a Korean court overseeing the process had said earlier on Tuesday that one bid had been received for the STX France business, without giving a name.
India Rolls out Sagarmala Development Company for USD 15 Bln Maritime Push
India's Minister of Shipping Nitin Gadkari has said that projects worth Rs. 1 Lakh Crore (USD 15 Bln) under Sagarmala programme are at various stages of implementation and development. He was speaking to the press at a ceremony to inaugurate the Sagarmala Development Company (SDC) in New Delhi yesterday (December 26, 2016). The SDC has been incorporated under the Companies Act, 2013. The company has an initial Authorized Share Capital of Rs. 1,000 Crore ($147 m)ln and a subscribed share capital of Rs.
Euroseas Acquires Ultramax Newbuilding
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it signed an agreement to acquire from Dayang shipyard, Hull DY160, an Ultramax drybulk carrier, of 63,500 dwt built 2017. The vessel is expected to be delivered to the Company in January 2017 subject to a successful inspection by the Company by December 27, 2016; it will be acquired for approximately 62% of its contracted price in early 2014.
Innovative Seaspan Ferry Enters Service
Seaspan Ferries Corporation’s (SFC) Seaspan Swift, a new hybrid LNG fueled and battery powered ferry, entered service between the British Columbia mainland and Vancouver Island. The innovative vessels is classed by Bureau Veritas, and it is reported to be the first hybrid LNG fuelled and battery powered vessel in service and the first LNG fuelled vessel operating on the west coast of Canada. Additionally, the on-board bunkering of LNG from a truck trailer is a first in North America. Designed by VARD Marine, the 148.9m vessel is the first of two to be built at Sedef Shipbuilding, Turkey.
Samsung Heavy Mulls $6 Bln Orders This Year
South Korean major shipbuilder Samsung Heavy Industries Co is aiming to clinch orders worth more than US$6 billion this year, South Korea's Yonhap news agency reported the company's head as saying. Park Dae-young, president and CEO of the shipbuilder, also said that this year will be a crucial point for his company's survival at a time when local shipbuilders are suffering from an industry-wide slump and economic slowdown. Park said that his company raised this year's target for new orders, compared with US$5.3 billion set for last year.
DHT Fixes VLCC Issue, Defers Newbuilding
DHT Holdings, Inc. said that during a routine inspection of the DHT Jaguar, a fracture surrounding the inspection window of the rudder was identified. It is DHT's policy to inspect all newbuildings, including underwater areas, during their respective warranty periods. Following a root cause analysis conducted by the builder Hyundai Heavy Industries (HHI) and classification society American Bureau of Shipping (ABS), DHT implemented a permanent repair plan for a rudder design improvement on the DHT Jaguar and its sister ships.
Eastern Hires Adm. Papp as President Washington Ops
Eastern Shipbuilding Group, Inc. has appointed Admiral Robert J. Papp, Jr., U. S. Coast Guard (Retired), as President of Eastern Shipbuilding Group, Inc., Washington Operations. Admiral Papp served as an Officer in the Coast Guard for nearly 40 years, completing his career as the 24th Commandant of the U. S. Coast Guard from 2010 to 2014. The Coast Guard is the largest component of the Department of Homeland Security (DHS). He was a career cutterman, serving in six cutters, commanding four of them, including the Coast Guard’s square rigged sailing ship, USCG Barque EAGLE.
Shaw Takes the Helm at ASRY
Andrew Shaw has taken up his new position as chief executive at ASRY, ship and rig repair yard in the Arabian Gulf. Effective January 4, Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of the ASRY Offshore Services division from 2009 to 2014. Shaw has more than 25 years experience in the global maritime industry. He was most recently group managing director for 2.5 years at a U.K. ship repair and conversion company.
France May Step in on Shipyard Sale
France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said. "The government is fully mobilised and will not hesitate to use all of the levers at its disposal," Sirugue told French daily Les Echos in an interview published on Friday. The French state, which owns a third of STX France and its western Saint-Nazaire shipyard, has a right of refusal on the sale of STX Offshore & Shipbuilding's majority stake once a winning bid has been selected…
MHI Announces Executive-level Personnel Changes
Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective January 31 and February 1, 2017. Hiroshi Yokota, Senior Vice President, Head of Nagasaki Shipyard & Machinery Works, President of Mitsubishi Heavy Industries Shipbuilding Co., Ltd., will retire January 31, 2017. Masao Miyazaki, currently Fellow, General Manager, Shipbuilding & Ocean Development Division of Commercial Aviation & Transportation Systems, will become Fellow, General Manager…
SFL Takes Delivery of 19,200 TEU Containership
Ship Finance International Limited (SFL) said it has taken delivery of MSC Anna, the first of two 19,200 TEU container vessels from Huyndai Heavy Industries, Korea. The vessel is chartered out for a period of 15 years, and lease financing has been secured for the full term of the charter. The second vessel is expected to be delivered in the first quarter of 2017.
Conrad’s Kinkle Retires after 51 Years
Conrad Shipyard’s Johnny Kinkle has retired in December after 51-years in shipbuilding. Kinkle went to work for Conrad on December 2, 1969, and for five decades his reply to any request was, “No problem, babe. In what seemed like an ordinary safety meeting, not unlike the thousands of others Kinkle has attended over his 51-year career, a surprise was unveiled as the garage door was pulled open and Johnny and Dan Conrad drove in with a new boat as a retirement gift. As he presented Kinkle the keys…
Donald Joins HII Board of Directors
Huntington Ingalls Industries (HII) announced that Adm. Kirkland H. Donald, U.S. Navy (Ret.), has been elected to its Board of Directors, effective Jan. 1, 2017. Donald retired from the U.S. Navy in 2013 after 37 years of service. In his last assignment as the director, Naval Nuclear Propulsion, he was responsible for the safe and effective operation of the Navy’s nuclear propulsion program, which today includes all submarines and aircraft carriers. After retiring from the Navy, Donald joined Systems Planning and Analysis, Inc.
ETE's 80th Anniversary crowned by International River Operations
The business portfolio internationalization and the development of river operations are two of ETE Group’s strategic focus, as referred last Friday on the 80th birthday ceremonies at Naval Rocha shipyard (in Lisbon) with the presence of the President of Portugal, Marcelo Rebelo de Sousa, the Minister for the Sea Affairs, Ana Paula Vitorino and the Minister for Environment, Matos Fernandes. According to Luis Nagy, the CEO, “at ETE Group we are starting the ninth decade with a strong focus on the internationalization of our operations…
Shipbuilders Council Congratulates President-Elect Trump
The Shipbuilders Council of America (SCA) released a statement congratulating President-elect Donald J. Trump and the members of the 115th Congress, and expressed that t looks forward to working Together to realize 350-ship Navy goal. “We congratulate President-elect Trump, his nominees and the new and returning members of the 115th Congress and look forward to working with them on a positive agenda with a strong commitment to jobs, infrastructure projects and building up America’s Armed Forces and industrial base,” said Matthew Paxton, President of SCA. “SCA and the entire U.S.
Port Taranaki Orders New Tug from Sanmar
Within a few weeks of unveiling a new compact tractor tug jointly designed with Robert Allan Limited, Turkish shipbuilder Sanmar has secured an order from a port on the west coast of New Zealand. Port Taranaki has awarded the Sanmar a contract to build the very first of its exclusive Delicay series, a compact, under 24m rule length design conceived as an off-the-shelf unit with numerous variations to suit customer needs. This vanguard of the series will measure 25.3m x 12m and…
Gulfstream Wins DHS Ferry Contract
Gulfstream Shipbuilding won a contract through the United States Department of Homeland Security for a passenger/vehicle ferry to service the New York and Connecticut waters. This 118 x 27 x 10.75 ft. crew boat-style vessel will be capable of transporting passengers, freight and vehicles in and around the waters of the Eastern Long Island Sound and Gardiner’s Bay. The vessel has an expected delivery date of April 2017. “Gulfstream Shipbuilding is not only familiar with the Eastern Long Island Sound waters…
First Dual-fuel LNG Car Carrier Christened
United European Car Carriers (UECC), daughter company of Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, signed a contract in 2014 for the construction of two dual fuel LNG Pure Car and Truck Carriers. The first vessel, de ms AUTO ECO, left the shipyard in China in September and arrived in November in Zeebrugge. On November 21, the ms AUTO ECO was christened at the terminal of International Car Operators (ICO) in the Zeebrugge inner port. The godmother of the ship is Claire Tillekaerts, CEO of Flanders Investment & Trade.
James Murray Joins Gulfstream Shipbuilding Management Team
Gulfstream Shipbuilding welcomes James Murray, a second generation boat builder and operator/owner, to the Sales Management Team. James is the son of Jim Murray, who originally opened the shipyard 35 years ago as Freeport Shipbuilding. James built a variety of custom boats at the shipyard before venturing off to start his own successful passenger excursion company. Now, James returns to partner with the current owner Stuart Reeves on a new generation of custom shipbuilding. “James exhibits the same passions and values that his father instilled on this company 35 years ago…
Moore Joins AdvanTec Global Innovations
AdvanTec Global Innovations, parent to the Diamond Sea Glaze, Steelhead Marine, Pacific Coast Marine and Freeman Marine Equipment brands, today announced the following business development appointment that will enhance the company’s ability to provide local representation to the marine industry. Charlie Moore assumes the position of Industry Specialist, Cranes/Yacht, with responsibility for business development and growth of the Steelhead and Pacific Coast Marine brands within the marine products portfolio.
FORAN System of Designing, Building Twin Vessels Presented at SNAME
The engineering and technology group SENER has once again participated in “SMC 2016”, the annual maritime convention organized by the Society of Naval Architects and Marine Engineers (SNAME) that brings together the main players in the US marine industry. This time the conference was held in Bellevue, Washington, on November 1-4. At the convention, SENER’s FORAN Area Manager for the United States and Canada, Verónica Alonso de los Ríos, presented the solution offered by the FORAN system for designing and building twin vessels…
FORAN Design Wins Korean Universities' First Prize
Hae-Jun Ji and his team of other sophomores and juniors at the Naval Architecture and Ocean Systems Engineering department of the Busan-based Korea Maritime and Ocean University (KMOU) won the first prize in the 25th National Ship Design Contest for University Students organized by the Society of Naval Architects of Korea (SNAK). The award ceremony was held within SNAK’s 2016 General Meeting & Annual Autumn Conference on 3 November in Changwon. The First Prize certificate with a cash award of 1,000,000 won (1,000 US dollar) was presented to the KMOU team by Seok-Ho Ban, President of SNAK.
Seaspan Names Lister VP, Commercial Services
Peter Lister has joined the senior leadership team at Seaspan Marine as Vice President, Commercial Services, responsible for marketing, sales and customer relations. He will develop and build marketing strategies, customer service quality control measures, customer service standards and account management processes. Lister brings to the role more than 20 years of experience as a research and innovation leader in the forestry sector. He joins the company from FPInnovations where he served as Vice President, Forest Operations & Wood Products.
AVEVA Announced Academic Initiative in Vietnam
AVEVA announced the beginning of a partnership with two institutions in Vietnam, the Shipbuilding Industry Association (VISIA) and The School of Transportation Engineering of Hanoi University of Science and Technology (STE-HUST). These strategic partnerships will enable VISIA & STE-HUST to offer engineering and design software to its members, as well as support systematic training programs. These programs will be focused on software implementation in the oil and gas, petrochemical, power and marine industries throughout Vietnam.
Fred Harris to Retire
General Dynamics (NYSE: GD) said that in the wake the retirement of Frederick J. Harris effective January 1, 2017, Dirk A. Lesko will be a vice president of the corporation and appointed as president of General Dynamics Bath Iron Works, and Kevin M. Graney will be a vice president of the corporation and appointed as president of General Dynamics NASSCO. “Dirk and Kevin are seasoned leaders with proven track records of managing complex shipbuilding projects and driving continuous improvement at every level of their business,” said John P. Casey, executive vice president, Marine Systems.
Naming Ceremony for CNCo Newbuilding
Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari Shipbuilding in 2014. Deliveries of the first three vessels, MV Taiyuan, MV Tientsin and MV Tsingtao took place between July and October this year.
Pasha Hawaii Set to Order Containerships
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Contract specifications are expected to be finalized by the end of the month, with the final selection decision anticipated in January 2017. Details for the vessel order outline a shipping capacity of 3,400 TEUs, including 500 45-foot containers and 400 refrigerated containers, and a sailing speed of 23 knots.
Ray Mabus Makes Final Tour of Ingalls as Navy Secretary
Huntington Ingalls Industries (NYSE:HII) hosted Secretary of the Navy Ray Mabus at the company’s Ingalls Shipbuilding division today. Mabus met with members of Ingalls’ leadership and addressed an audience of shipbuilders during his final tour of the facilities. “The people here in Pascagoula build the best warships in the world,” Mabus said. “Nobody comes close to Ingalls. Our sailors and Marines need flexible platforms and a technological edge. I never want to send a sailor or Marine into a fair fight…