Kirby Posts 2019 Q1 Results
Kirby Corporation announced net earnings attributable to Kirby for the first quarter ended March 31, 2019 of $44.3 million, or $0.74 per share, compared with earnings of $32.5 million, or $0.54 per share, for the 2018 first quarter. Excluding certain one-time charges, 2018 first quarter net earnings attributable to Kirby were $37.9 million, or $0.63 per share. Consolidated revenues for the 2019 first quarter were $744.6 million compared with $741.7 million reported for the 2018 first quarter.David Grzebinski…
Coldharbour Marine Names Stephen CEO
UK-based in-tank ballast water treatment systems (BWTS) manufacturer Coldharbour Marine said on Monday it has appointed Don Stephen as Chief Executive Officer.With over 30 years blue chip industry experience, Stephen's career spans technical and leadership roles at De Nora Water Technology, Severn Trent Services, GE and Alstom both in the UK and internationally.
SembMarine Sinks into USD 21.75 mln Loss in 3Q
Singapore-based rig builder Sembcorp Marine (Sembmarine) has reported a loss of S$30 million (US$21.75 million) in the third quarter of the year amid lower revenues and reduced activity. For the nine months to September 30, 2018 the loss is $80.1 million, compared to restated earnings of $142.9 million in the same period previous year.According to a stock exchange annoucement from the Asian company based in Singapore, the net loss for both 3Q and 9M periods were mainly due to…
Proposed Rate Hikes for Houston Ship Pilots Under Fire
No less than 15 shipping companies, many of them top 10 liner companies, have written to Port of Houston Chairman Janice Longoria to reject the latest call for substantial rate hikes on the Houston Ship Channel. Local pilots already earn salaries that approach $500,000 annually.Like any other major U.S. port, registered foreign flag vessels must use a local state pilot on the Houston Ship Channel. According to local shipping stakeholders, the rates for those mandated services have spiraled more than 50% in the past 14 years alone.The rate increase proposal…
Optimarin Sees Early Order Surge in 2019
In the quarter of a century since its formation in 1994, ballast water treatment (BWT) specialist Optimarin has never experienced a year quite like 2018.The Norwegian headquartered firm has revealed that the previous 12 months saw it sell more than 100 systems and achieve record revenues. However, according to company CEO Tore Andersen, 2019 is already shaping up to set a new standard, with the orderbook currently five times the size it was at this point in 2018. Revenues, he says…
Goltens Wins BWTS Orders for 37 Ships
Goltens’ Worldwide Green Technologies Division Asia announced contracts with NYK Bulk & Projects Carrier Ltd. (NBP) and BW LPG for support in retrofitting a total of 37 vessels with ballast water treatment systems (BWT).The NBP order is for 25 bulk carriers. NBP is a subsidiary of NYK. Goltens scope on the project includes 3D laser scanning and modeling of BWT systems, delivery of detailed design packages, and installation supervision in the shipyard.BW LPG awarded orders for the same scope of work for the retrofitting of 12 of its LPG carriers.
Evac to Acquire Cathelco
Evac announced it will acquire Cathelco, a manufacturer of equipment for ships and offshore installations, a synergistic move for Evac as Cathelco customers include Evac’s current marine and offshore customer groups, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers. The acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems, while also opening up new business opportunities in terms of ballast water treatment systems.
Peter Döhle Schiffahrts-Kg Signs BWTS Deal with Erma First
German based company, Peter Döhle Schiffahrts-KG signed an Agreement with Erma First S.A., manufacturer of Ballast Water Treatment Systems (BWTS), for the installation of BWTS onboard its vessels.Erma Firstis represented in Germany by MOE Marine & Offshore Equipment, who has handled this prestige project during the last 18 months.After a thorough review of the different Ballast Water Treatment Systems (BWTS), Peter Döhle Schiffahrts-KG has decided to partner with Erma Firstfor the delivery of its approved BWTS on their entire fleet…
MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds
Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…
Candito Takes over as Ecochlor CEO
Ballast water treatment systems manufacturer Ecochlor, Inc. has named Steve Candito as its new CEO, effective August 8, 2017. Candito succeeds retiring CEO, Charlie Miller, who will assist during the transition. Tom Perlich, Ecochlor Founder and President, said, “Charlie has been instrumental in Ecochlor’s growth over the last 15 years. During his tenure, we have put together a skilled and experienced team, and find ourselves positioned as a global front-runner in the BWT industry.
Euronav Responses to a Weaker Tanker Market
The Belgium-based crude oil tanker company Euronav has taken affirmative action in response to a weaker tanker background, said a press statement from the company. The Company has a strong balance sheet with low leverage and access to over USD 800 million of liquidity following its entry into the debt capital markets during Q2. High quality fixed income (the FSO vessels and 4 x 7 year Suezmax time charters) secured via strong relationships and with visibility to 2025 provides…
IMS Group Buys OceanSaver Assets
Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property, certificates and assets following its bankruptcy filed on September 13, 2017. OceanSaver had sold approximately 200 ballast water treatment systems and was among the first suppliers to be approved by IMO, to successfully complete the stringent test regime by the U.S. Coast Guard and to obtain a USCG type approval in December 2016.
Ballast Water Equipment Manufacturers’ Association Formed
Manufacturers and stakeholders in the ballast water treatment equipment market have codified a unified manufacturers’ association.The Ballastwater Equipment Manufacturers’ Association (BEMA) met on April 19, 2018 for their first Annual Meeting and elected the inaugural Board of Directors.According to the group, the need for this association arose from the growing demand for well-founded information on the practicability of ballast water treatment technologies, as well as on the…
Polsteam, Nova Ship Tech SA Select Alfa Laval PureBallast 3
Alfa Laval said it has signed fleet agreements with Polsteam and Nova Ship Tech SA for the supply of PureBallast 3, the third generation of Alfa Laval’s ballast water treatment technology.Under the agreements, Alfa Laval will provide dozens of Polsteam and Nova Ship Tech SA vessels with PureBallast 3 systems – the vast majority of which will handle large flows of more than 1,000 m3/h.The agreements with Polsteam and Nova Ship Tech SA come as many ship owners shift their focus from individual ballast water treatment systems to complete fleet solutions.
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.
Drewry: Scrapping to Accelerate Tanker Recovery
Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. The ongoing overcapacity in the tanker market is expected to persist further in 2017 because of a sharp increase in deliveries. Although tonnage deliveries are projected to decline after 2017…
California Pushes Ahead on Ballast Water Compliance
We are quickly approaching September 8, 2017, the date when the International Ballast Water Convention will enter into force requiring ships to manage their ballast water using methods to remove or render harmless organisms contained within their ballast water. This is in an effort to halt the spread of invasive species that have crippled many local ecosystems, both monetarily and environmentally, in some cases causing irreparable damage. In the U.S., the regulations are already in place. Recently, the U.S.
ICS Urges IMO to Set Ballast Water Implementation Dates
The International Chamber of Shipping (ICS) has urged the International Maritime Organization (IMO) to back a proposal from a broad coalition of governments concerning the implementation dates for installing new ballast water treatment systems. “If this pragmatic proposal is agreed, this would allow shipping companies to identify and invest in far more robust technology to the benefit of the marine environment,” said ICS Secretary General, Peter Hinchliffe. ICS says that this IMO decision on dates…
SunRui BWTS Earns USCG Type Approval
The Chinese manufacturer SunRui and classification society DNV GL celebrated last week, as Sunrui became the fourth manufacturer of ballast water treatment systems (BWTS) to obtain type approval from the U.S. Coast Guard (USCG). Its BalClor system treats ballast water in three steps: Filtration, seawater electro-chlorination for disinfection and neutralization. The company is the first Asian manufacturer to be awarded the USCG type approval certificate for BWTS. As one of five independent laboratories accredited by USCG, DNV GL worked with SunRui on the testing of its BWTS.
New Rules for Ballast Water Management in Australia
Since July 2001, all ships entering Australian ports or waters from overseas have been subject to Australia’s national ballast water management requirements. These are currently enforced under the Quarantine Act 1908, but from June 16, 2016, they will be enforced under the Biosecurity Act 2015. This has been drafted to move Australian legislation towards consistency with the International Maritime Organization’s Ballast Water Management Convention (the International Convention for the Control and Management of Ships’ Ballast Water and Sediments 2004).
Port and Environmental Regulations: Charting the Best Route
Trade, federal preemption and states’ rights have been the subject of debate, legal cases and jurisdictional battles for more than 200 years. During my time in the Coast Guard and serving as Captain of the Port, Puget Sound, we dealt with a preemption case involving tankers that went to the Supreme Court. Earlier in my career, it was the role of the federal pilotage in a state pilotage system, again decided at the Supreme Court. And, in my current role as Vice President of the Pacific Merchant Shipping Association…
Choice Names Mackey Business Development Manager
Choice Ballast Solutions announced that James “Jim” P. Mackey has joined the firm as Business Development Manager to further develop key accounts and cultivate new business worldwide. Mackey joins Choice from a career spanning more than 30 years at Hyde Marine. During his time with Hyde Marine, he was responsible for the North American, as well as offshore service vessel and cruise ship market segments and was part of the research and sales team that developed the Hyde GUARDIAN ballast water treatment system in the early 2000s.
ICS Applauds IMO Roadmap for Enissions Reduction
The International Chamber of Shipping (ICS) has applauded the agreement, last Friday, by the IMO Marine Environment Protection Committee (MEPC) to develop a comprehensive Roadmap for addressing CO2 emissions from international shipping – with initial CO2 reduction commitments to be agreed by IMO by 2018. However, ICS says the IMO Road Map will go much further than the Paris Agreement. “The final stage of the Road Map to be enacted by 2023 should establish a global mechanism for ensuring that these IMO CO2 reduction commitments will actually be delivered.” said Peter Hinchliffe.
Hyde Marine to Host a Ballast Water Symposium
An informational seminar will cover “everything ballast water”, from regulations and implementation requirements under the U.S. Coast Guard regulations to the IMO Ballast Water Management Convention. The one-day symposium, to be held by Hyde Marine on November 28 in conjunction with the International WorkBoat Show in New Orleans, will provide key information from the lessons learned from the company’s more than 460 units sold. The recent ratification of the IMO Ballast Water Management Convention by Finland and Panama has exceeded the tonnage threshold for entry into force…
Will Ballast Water Management Regs Trigger Tanker Scrapping?
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Despite the recent decline in tanker freight rates, demolitions have not yet picked up. Scrapping is expected to increase in the next two years, once owners start feeling the heat of persistent, low freight rates. But as the fleet is relatively young, demolitions will be moderate.
Effler Appointed Business Manager, Alfa Laval PureBallast
Beginning December 2016, Kristina Effler will assist marine customers navigating ballast water treatment alternatives as the new Global Business Manager for Alfa Laval PureBallast. Effler assumes the role just as the global shipping industry prepares for the implementation of the IMO BWM Convention’s entry into force in September 2017. Effler brings 12 years of experience in various positions throughout the Alfa Laval organization. Most recently, she served as the Global Business Manager for the PureNOx system within the company’s Marine Division.