28805 members and growing – the largest networking group in the maritime industry!

LoginJoin

Thursday, October 29, 2020

Asset Management News

Image courtesy ABS

Digitizing Risk-based Integrity Management of FPSOs

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President, Global Offshore, discusses how digitalization can increase safety, reduce costs, and build robust technical and operational capabilities.No one could have predicted what a challenging year 2020 would become. Offshore production activity fluctuated dramatically with changing market economics and a global pandemic…

Marc Ashton (Photo: Matson)

Matson Promotes Ashton

U.S.-based ocean carrier Matson announced it has promoted Marc Ashton to the role of Director, Equipment, Vehicle and Reefer Operations.Ashton will be responsible for planning and directing all container equipment positioning efforts, including container equipment fleet, equipment control, asset management, and inland logistics departments, throughout the Matson network. He will also manage Matson’s company-wide vehicle operations and all processes and systems related to automobiles…

Justin Weir (Photo: FIT)

Weir Named GM of Florida International Terminal

Florida International Terminal announced Justin Weir has been appointed as the port's new General Manager.Weir has over 20 years’ experience in the industry, including previous roles in New Jersey and Los Angeles, where he has been in charge of business performance, asset management, strategic operational planning, implementing new technologies, among other responsibilities. He has a degree in business administration from Brookdale Community College, Lincroft (New Jersey, U.S.)…

Christopher J. Wiernicki, CEO, American Bureau of Shipping.

ABS’ Wiernicki: “COVID-19 will function as threat, a disruptor and catalyst for change”

As COVID-19 and a historically weak energy market wreaks havoc on the maritime industry, Christopher J. Wiernicki, CEO, American Bureau of Shipping, tells Maritime Reporter & Engineering News in its May 2020 edition that “COVID-19 will function as threat, a disruptor and catalyst for change, driving class further away from calendar maintenance towards predictive operations. The industry will accelerate its digitally driven movement into condition-based approaches and real-time…

left to right, Capt. Kyaw Myint (SONGA HAWK master), Mijo Banicek (Songa Ship management electrical superintendent), Jeoung-kyu Lim and Sang-hoon Choi from KR’s Cyber Certification Team.  (Photo: KR)

KR Certifies First Cyber Security Compliant Vessel

Korean Register (KR) has completed a comprehensive cyber security survey of the chemical/oil tanker SONGA HAWK and has certified the ship to be fully compliant in all areas, the very first ship to achieve the certification.Songa Ship management manages and operates 18 chemical/oil tankers and five semi-submersible vessels. The company signed a cyber security contract (valid for five years) with KR in 2018, covering its fleet of 23 vessels.KR conducted a cyber security audit of Songa Ship management and certified the company to be fully compliant in all areas in 2019…

Image: OLT Offshore LNG Toscana

EU Clears OLT Takeover by SNAM and FSI

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

Christian M. Ingerslev, CEO. Photo: Maersk Tankers

Maersk Tankers Launches New Digital Venture

Maersk Tankers is launching a new standalone digital business to reduce CO2 emissions and optimize vessels’ earnings across the tramp shippig industry.Soren C. Meyer is moving from Chief Asset Officer to Chief Executive Officer of the new digital venture.The as-yet-unnamed business will develop and sell the software product SimBunker to vessel owners and managers in the tramp shipping industry to help them use their vessels more efficiently. This will reduce CO2 emissions, supporting the shipping industry’s ongoing efforts towards more sustainable development…

Matthias Bausenwein. Photo: Ørsted

Ørsted Appoints APAC Head

Global offshore wind giant Ørsted said that Matthias Bausenwein, President of Ørsted Asia Pacific, has been appointed to the new role as Head of the Asia Pacific Region (APAC), based in Taipei.He will continue to lead the regional activities but in a now strengthened setup, holding end-to-end responsibility for the offshore wind business in Asia-Pacific.Furthermore, Christy Wang, until now Head of Regulatory Affairs, Communications and Stakeholder Management in Ørsted Asia Pacific…

Image: Ørsted

Ørsted Restructures Offshore Biz

The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth."The global market opportunities in renewables continue to expand and present significant opportunities for growth. In 2019, Ørsted expanded into Taiwan and the US with the award of significant projects," the largest energy company in Denmark said.The new operating model creates a more scalable organisation for Ørsted’s…

Pic: Brittany Ferries

Brittany Ferries Consortium Buys Condor

Condor Ferries, an operator of passenger and freight ferry services between UK and France, has been sold to a consortium including the French shipping company Brittany Ferries.Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF), has reached an agreement to acquire 100 percent of Condor Ferries from Macquarie Infrastructure and Real Assets (MIRA).Contracts have been signed and the deal is expected to be executed following scrutiny by relevant regulatory authorities.

Photo: APM Terminals

APM Terminals Appoints Dennis Lenthe Olesen as MD

Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…

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…

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…

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.

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.

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…

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…

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…

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.

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: 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.

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.