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Thursday, August 22, 2019

Asset Management News

World’s first LNG-powered crude oil tanker (courtesy of SCF Group)

Shell Charters LNG-Powered Tanker Fleet

Shell Tankers (Singapore) Private Ltd has agreed a long-term deal to charter a fleet of 10 LNG dual-fuel Aframax crude oil tankers from Sinokor Petrochemical Co Ltd, which expects to take delivery of them from Samsung Heavy Industries in South Korea in 2021."Shell has agreed to charter a fleet of new liquefied natural gas (LNG)-fueled crude oil and products tankers, as part of its drive to decarbonise shipping," said a press note.Separately, Shell has agreed long-term charters for four new LNG dual-fuel oil products tankers, from institutional investors advised by J.P.

Image: ECV Holdings

Kogas, EVC Pact for Vietnam LNG Terminal

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam.The MOU also covers the development of a storage facility, gas supply system, and a 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam, said a press note.The MOU…

Pic: A.P. Moller - Maersk

Containers Market to Reach $12bln by 2023

The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth.On the other hand…

Logo: Helm

Helm Connect Hits 4,000 Vessel Mark

Helm Operations has announced that it has surpassed the 4000 vessel mark on its maritime asset management and operations platform, Helm CONNECT. Since launching Helm CONNECT in July 2016, more than 1000 vessels have joined the platform each year, with the 4000 vessel mark reached earlier this month.This milestone coincides with Helm Operations’ 20th year as a company.

Bill Shea (Photo: CII)

Shea to Receive 2019 Connie Award

William J. “Bill” Shea, Jr. to Receive 2019 Connie Award in Long Beach, CAJ. Christopher Lytle to Be Honored with the Lifetime Achievement AwardWilliam J. “Bill” Shea, Jr., Chief Executive Officer of Direct ChassisLink Inc. (DCLI), will receive the 2019 Connie Award presented by the Containerization and Intermodal Institute on September 17. The industry-wide event to honor Mr. Shea will be held at the Renaissance Hotel in Long Beach, CA.In his current position, Mr. Shea has been…

Photo courtesy of Seagull Maritime

Seagull Maritime Acquires Tero Marine

Seagull Maritime announced that they have acquired a majority of the shares in Tero Marine. Tero Marine, headquartered in Bergen, Norway, has developed fleet management software for the shipping industry for more than three decades. The company’s flagship, TM Master, is recognized as one of the leading brands in the business. Today, TM Master is a crucial tool for shipowners all over the world, not only as an instrument for planned maintenance (and asset management), but also as a business intelligence resource.Tero Marine is growing fast and has currently more than 55 employees…

Pic: Wallem Group Limited

Frank Coles Charts New Strategy for Wallem

The maritime solutions company with expertise in ship management Wallem said that it  has updated its corporate identity to mark the beginning of a shift in its service offering that will harness the latest technology to improve asset management transparency and efficiency in a program intended to transform the relationship between owners and their shipsHong Kong headquartered Wallem Group is changing itself and its brand to support the maritime industry as it undergoes a structural…

Pic: Hammonia Reederei

Peter Döhle Sells Hammonia Reederei

Hamburg-based provider of shipping services Peter Döhle and Ernst Russ are selling ship management company Hammonia Reederei  to  Scandinavian investors, Ness Risan and Partners (NRP), a Norwegian investment fund and former owners of Containerships Group, Finland.With the transaction, Ernst Russ follows its strategy and further focuses on activities in asset investment and asset management in shipping and real estate, said a release from Ernst Russ AG, a listed asset and investment management company in Germany with a focus on maritime business.Prospectively…

World Shares Higher on US-China Deal Hopes

Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.The two nations have imposed tit-for-tat tariffs on billions of dollars worth of each others' goods, roiling financial markets, disrupting manufacturing supply chains and shrinking U.S.

File Image: AdobeStock / © Redindie

World Shares Higher on US-China Deal Hopes

Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.The two nations have imposed tit-for-tat tariffs on billions of dollars worth of each others' goods, roiling financial markets, disrupting manufacturing supply chains and shrinking U.S.

File Pic: Navios Maritime Containers

Navios Names Two Directors

Monaco-based seaborne shipping company Navios Maritime Containers  announced the appointment of Stefan Kuch and Vasilios Mouyis to its Board of Directors.The owner and operator of container ships informed that Kuch has over 32 years of experience in finance and ship finance, having served in senior leadership positions in the shipping division of Commerzbank AG, one of Germany’s leading financial institutions.He also served as Managing Director of Hanseatic Ship Asset Management GmbH, a vessel-owning company within the Commerzbank Group.

Nikos Benetis . Photo: LOC Group

LOC Appoints Group Director for Hull, Machinery, Due Diligence Services

London Offshore Consultants (LOC) Group announced the appointment of Nikos Benetis as Group Director of Hull & Machinery and Due Diligence Services.Nikos has been with LOC since 2017, previously in the role of Director of Financial Institution Advisory Services, and takes on his new role as part of the Group’s ongoing initiative to structure its shipping division to reflect the changes in the industry and client’s needs.According to a press release from the marine and engineering consultancy to the world’s shipping and offshore energy industries…

file Image / CREDIT AdobeStock / © Nightman 1965

China-U.S. Trade Talks a Tonic to Battered Markets

World stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down.News that the United States and China would hold vice-ministerial level talks on Monday and Tuesday to resolve a trade dispute bought some respite to battered markets, with MSCI's world stock index up a third of a percent and U.S. stock futures around 1 percent firmer ."We're not expecting a major breakthrough on Jan.

Image: Ørsted

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).Three months ago, Ørsted signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world’s largest offshore wind farm when commissioned in 2020.As part of the agreement, Ørsted will construct the wind farm under a full-scope EPC contract.

Andy Richardson. Photo: Simec Atlantis Energy

Andy Richardson Joins as COO of SimecAtlantis Energy Limited

Simec Atlantis Energy  announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1,000 megawatts in various stages of development said that this will be a non-Board appointment.Andy is a senior figure in the global power generation sector, a Chartered Fellow, having formally held roles…

Photo: SpecTec

SpecTec Partners with iMarine Software

AMOS now offers integration with SeaProc, providing seamless electronic quotation management for an optimized procurement cycle. Seaproc also offers sourcing tools within it platform to achieve cost efficiency.Marine buying organizations can now enjoy significant speed, accuracy and ease in handling transactions. Requests for Quote, Quotations, Purchase Orders, Contracts, Invoicing and Delivery Receipts are directly interfaced with Amos. This allows buyers to conduct all their daily activities within the Amos platform as all communications…

BV Launches BV Solutions M&O

Bureau Veritas announced the launch of a newly branded and separate family of experts, ‘Bureau Veritas Solutions Marine & Offshore’ (BV Solutions M&O).Aimed at the marine and offshore markets, BV Solutions M&O brings together services and people from within Bureau Veritas to create a proactive and dedicated capability, offering value to clients through technical services and solutions.BV Solutions M&O is focused on four service lines: Engineering & Risk Solutions, Asset Management Solutions…

Dean Lembke (Photo: Duluth Seaway Port Authority)

Duluth Seaway Port Authority Names Lembke Facilities Manager

The Duluth Seaway Port Authority has hired Dean Lembke as its new facilities manager. He will serve as the agency’s liaison with tenants, service and government agencies, private contractors and other property users to derive safe and efficient use of all Port Authority-owned land, structures, equipment and other assets.Lembke will be responsible for establishing cost-effective, environmentally sound asset-management programs for all Port Authority properties. He also will work…

Eric Frank (Global Maritime)

Global Maritime Appoints Frank as US Country Manager

Global Maritime appointed Eric Frank to oversee its’ United States operations based out of Houston. Frank, who will also be responsible for Global Maritime’s Dynamic Positioning (DP) services throughout the US, brings 27 years’ offshore and onshore experience to Global Maritime and has been tasked with supporting the company’s continued growth across the region. This includes a number of recent contracts relating to bridge and port infrastructure assessments, mooring designs and rig moves, new build DP testing and trials, and marine warranty services.

Al Durel, Director of Operations, Port Freeport (Photo: Port Freeport)

Port Freeport Invests in LED Lighting

Bright Light Systems (BLS), a Georgia-based manufacturer of energy-efficient LED luminaires and wireless lighting controls, recently completed Phase 1 of the transition to high-mast LED lighting along with the Bright Light Management System (BLMS) software for Port Freeport.“Port Freeport is continually evaluating innovative technologies that will support sustainable operations. The energy-efficient LED lighting and controls solution from Bright Light Systems supports our commitment to sustainable energy management and reducing our carbon footprint…

Sharon Brady is chief operating officer of SN3, part of HII’s Technical Solutions division. HII photo

HII Appoints Brady as Chief Operating Officer for SN3

Huntington Ingalls Industries (HII) (NYSE:HII) has appointed Sharon Brady chief operating officer of SN3, part of Huntington Ingalls Industries’ Technical Solutions division, effective June 4. In this new position, she plays a leading role in supporting SN3’s current portfolio and developing strategies for growth. Brady has been with SN3 since 2001, serving in various corporate and government contract positions. She most recently served as director of business services for the Savannah River National Laboratory (SRNL)…

Reed Peré (Photo: Danos)

Leadership Changes at Danos

Danos has appointed two executive team members to new roles: Reed Peré will serve as vice president of business development, sales and marketing, and James Callahan as the vice president of operations.Peré has over a decade of industry experience and began his career with Danos in 2006. He received the award for Danos’ Staff Employee of the Year in 2012 and joined the executive team as vice president of production services in 2015. In his new role overseeing sales, business development and marketing…

Image provided by Rolls-Royce

Rolls-Royce Health Management Solutions to Harness Power of Data

Rolls-Royce continues to develop its ship intelligence offerings to the market, and now introduces a pioneering new solution for Health Management of ship equipment.The technology is aimed at elevating the way in which customers manage and maintain the equipment and systems onboard their ships.Health Management is designed to provide ship operators with an unsurpassed level of understanding of the operational health and performance of all the machinery installations onboard.Developed by the Ship Intelligence team at Rolls-Royce…

© Gerhard1302 / Adobe Stock

Partners to Leverage AI to Optimize Maritime Logistics

Transmetrics’ digital solution optimizes marine logistics using AI technologies and Marlink’s global multi-band networkMarlink has signed an agreement with Transmetrics to establish a strategic business partnership aimed at predictive logistics optimization for maritime customers. The agreement will enable Transmetrics, a Forbes-awarded start-up, to leverage Marlink’s broadband satellite communications network, digital solutions and contacts to further develop maritime logistics innovations.

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.

Photo: Arcadia Shipmanagement

Arcadia Shipmangement Signs ABS Advanced Solutions EAM Agreement

Arcadia Shipmanagement Co. Ltd. selected ABS Advanced Solutions to implement an Enterprise Asset Management (EAM) Program to further enhance the reliability of its fleet of 15 tankers.The Advanced Solutions EAM program is designed to aid owners and operators with managing physical assets from design to decommissioning to optimize use, reduce costs, and improve vessel reliability and efficiency.According to ABS, the program addresses core elements established over more than a decade of experience: asset lifecycle management strategy…