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Sunday, January 26, 2020

Business News

Image: DP World

DP World Acquires 44% Stake in Swissterminal

Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction.Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia…

Image: Ørsted

Ørsted, US Unis to Study Whales in OWP

Danish developer Orsted U.S. Offshore Wind has signed a research partnership  with Rutgers University, the University of Rhode Island and Woods Hole Oceanographic Institution to support academic research activities related to offshore wind.The group is set to launch the Ecosystem and Passive Acoustic Monitoring (ECO-PAM) project.Ørsted signed an initial memorandum of understanding with Rutgers University in May 2019 to support academic research activities related to offshore wind.

Bart B. Kelleher has taken over as CEO of Chembulk Tankers (Photo: Chembulk Tankers)

Chembulk Tankers Announces Leadership Changes

Chembulk Tankers announced on Wednseday that Bart B. Kelleher has taken over as Chief Executive Officer for David Ellis, who has resigned for personal reasons. Ellis will be available to the company through January 31, 2020.Kelleher has held senior executive roles within Chembulk since joining the company in early 2016, initially as Chief Strategy Officer and then Chief Financial Officer in early 2019. Prior to joining Chembulk, Kelleher was the Chief Operating Officer for Principal Maritime Management and held roles in investment banking…

Image: Torvald Klaveness

Klaveness, Marubeni Form Panamax Bulker Pool

Norwegian dry bulk operator Torvald Klaveness and Japanese trading house Marubeni have merged their panamax pool activities into a new jointly-owned pool management company called Maruklav Management.Maruklav, claimed to be the world's biggest panamax bulker pool, will be led by Michael Jørgensen as the company MD, with Masashi Kobayashi from Marubeni as Deputy MD. The combination of existing fleets in the MG Harrison Shipping and Baumarine Pools will see the venture with a fleet…

Swissterminal, headquartered in Frenkendorf, and Dubai-based DP World have entered a partnership. (Copyright Swissterminal)

DP World Takes 44% stake in Swissterminal Holding

Dubai state controlled port operator DP World has taken a 44% stake in Swiss container terminal operator Swissterminal Holding AG.The Mayer family, who founded the business, will remain a majority shareholder, a statement from the company said. Roman Mayer will continue to serve as Swissterminal’s CEO.Financial terms were not disclosed.Swissterminal operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are connected to container ports in Rotterdam and Antwerp as well as the ports of La Spezia…

Image: Argo Travel Group

GMT Invests in Argo Travel Group

Global Marine Travel, a Florida-based travel management company to the maritime industry, has partnered with the Greek travel firm Argo Travel Group to enhance its travel offering, particularly in terms of service delivery and driving growth in the Greek and international markets."In Argo, Global Marine Travel, gains a marine partner with an experienced team and a strong reputation for service delivery, that will drive the growth of the business in Greece and other international locations…

Liquefied natural gas (LNG) being transferred into a container at JAXPORT. (Photo: JAXPORTl)

Florida Ports Leading the Way on Maritime Alternative Fuels

Florida's seaports and industry partners are investing in innovations to be more efficient and effective, including the implementation of environmentally friendly, less costly, domestically-produced natural gas as an alternative fuel, a recent report outlined.“Florida ports are leading the way in moving to cleaner, alternative energy sources, bringing tremendous environmental benefits to our transportation systems and our communities,” said Dr. Julia Nesheiwat, Florida’s Chief Resilience Officer under Gov.

Alessandro Crocitto (left) is heading the new Blue Water office in Milan. Also pictured is Thomas Bek, Global Director of Blue Water’s Energy & Project Division. (Photo: Blue Water)

Blue Water Opens Office in Italy

Having provided logistics solutions to Italian clients for many years, and looking to develop this business further, Blue Water Shipping has established an office in Milan.The new office will initially focus on serving clients in the oil and gas, power generation, renewables and infrastructure sectors, but the company said it plans to add other activities within other business areas later on.The opening of the Milan office is, according to Thomas Bek, in line with Blue Water’s strategy to expand its activities in the Energy and Projects sector.

Image: MOL

MOL Intros Lighthouse Information Platform

Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun operation of a new data platform called ‘Lighthouse’, to provide real time transport information to dry bulk shipping customers and stakeholders.The platform is a service that allows those involved in the transport process, such as shippers and vessel operators, to safely, unitarily, and in real time, share and monitor various kinds of information related to ocean transport, such as vessel schedules ,weather, ocean conditions…

© Björn Wylezich / Adobe Stock

Maersk Delivers Chillies from Varanasi to UAE

Maersk, an integrated logistics company, said it has delivered its first end-to-end shipment of freshly produced green chillies from Varanasi to Jebel Ali, United Arab Emirates (UAE), within a duration of nine days.The Danish business conglomerate worked closely with Agricultural and Processed Food Exports Development Authority (APEDA) of India, the apex organization under the Ministry of Commerce & Industry, responsible for the export promotion of agricultural products, to enable…

(Photo: Crowley)

Crowley Realigns Its Marine Services Group

US-based Crowley Maritime Corp. announced on Wednesday that it has realigned its marine services organization and introduced new leadership.In a move that aims to provide better support to customers, Crowley Marine Services, part of the company’s shipping arm, will now be comprised of three distinct, yet interrelated business segments: offshore services, ship assist and tanker escort and engineering services – those provided by Crowley and subsidiary Jensen Maritime Consultants.Jeff Andreini…

© Oliver Hoffman / Adobe Stock

Maersk Chief Warns EU Antitrust Policy Benefits China, US

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

Image: Prosafe SE

Prosafe Misses Payment to Cosco

The largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide Prosafe SE has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel.Offshore accommodation specialist  informed last November that it had re-evaluated its outlook and revised its forecasts resulting in a $341 million write down of assets and consequently a marginalized book equity amid a prolonged downturn and weaker outlook in the North Sea.Prosafe further informed that although the company had sufficient liquidity until early 2021…

Arun Sharma, Executive Chairman. Photo: IRClass

IRClass Foreign Flag Fleet Reg. Up 16%

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

Ethan Edson of Ocean Diagnostics demonstrates some of his microplastic sensors. Credit: Ocean Diagnostics.

SMTP Helps to Power Future Ocean Tech

On an unseasonably warm October day in San Francisco, hundreds gather in the Dogpatch district to hear about the latest innovations in ocean conservation and science. Bubble barriers to trap plastic in river mouths and portable DNA scanners preventing illegal wildlife trafficking are just a few of the ground-breaking tools and technologies that are transitioning from dream to reality. And the unifying factor amongst these groups is support from Schmidt Marine Technology Partners (SMTP).SMTP is a relatively new program of the Schmidt Family Foundation…

Sidsel Norvik  (Photo: Nor-Shipping)

Nor-Shipping Appoints Norvik

Nor-Shipping has appointed Sidsel Norvik to the new role of Commercial Director. Norvik joins following a stint as CEO of Energy Show Norway, two decades as Commercial Director for Upstream, and 10 years with Recharge, a news platform for renewable energy. Norvik will now be charged with working on exhibition sales and spearheading Nor-Shipping’s ground-breaking Blue Economy Hall, promoting the ‘Blue Talks’ and showcasing firms and ideas that accelerate innovation, competency and sustainable business opportunities.Nor-Shipping 2021 takes place at the 22,500 sq.

© donvictori0 / Adobe Stock

ZIM Starts Seasonal Reefer Service

Israeli shipping company ZIM said it has commenced a seasonal reefer service from Egypt starting January 10.The weekly, fixed-day ZIM Egypt - Black Sea Express (EBX) 2020 seasonal reefer service provides a direct link from Alexandria to Novorossiysk NUTEP modern terminal, with a four-day transit time.Rani Ben-Yehuda, EVP Cross Suez and Atlantic Business Unit, said, “The service is specifically designed for the needs of our customers shipping perishable cargo, as part of our strategy aimed at providing solutions to our customers’ needs.”

Image: Samsung Heavy Industries

SHI Eyes Russia's $3Bn LNG Carrier Order

South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russia’s largest independent gas producer Novatek for 10 additional ice-breaking LNG carriers worth US$3Bn.A report by Business Korea said Novatek has asked the Russian Government to approve its plan to place an order at an “overseas shipyard”.If the Russian government approves the scheme, the number of LNG carriers to be used for Russia’s Arctic LNG project will increase to 25, including the 15 units that will be built by Zvezda…

© Irina Logra / Adobe Stock

US Retail Imports Normalizing After Tariff Surges

U.S. retail imports are beginning to settle down following a year of fluctuations driven by the uncertainty of the trade war with China, industry experts say.Volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020, according to the Global Port Tracker report released today by trade association the National Retail Federation and consulting firm Hackett Associates.“We’ll be more confident after we see the Phase One agreement signed…

Image: GE Power

HMS Prince of Wales Completes Sea Trial

HMS Prince of Wales, the second of the U.K.’s Queen Elizabeth Class aircraft carriers, has recently completed a successful sea trial in Scottish waters.The ships are the largest ever built for the Royal Navy and the carriers are powered by GE’s energy-efficient, integrated full-electric propulsion system.As part of the Aircraft Carrier Alliance, GE’s Power Conversion business has provided the HV Distribution system, HV Drives and Propulsion Motors as well as the Electrical Power Control and Management system.GE also supplied the HV Generators to support generating power for the entire carrier.

Image: APM Terminals

APM Terminals Mumbai Surpasses 2M TEUs

International container terminal operating company APM Terminals said that its  Mumbai terminal handled more than 2 million TEUs (Twenty-Foot Equivalent Units) throughput in 2019, for the second consecutive year.The terminal, commissioned in 2006, remains the only Indian container terminal to have achieved this record in a calendar year.“As a team, we are proud to have achieved the milestone of 2 million TEUs once again. On behalf of the management, I would like to thank our customers for this achievement, without whose collaboration this would not have been possible.

Greensea CEO Ben Kinnaman announced the opening of his company's second office.

Greensea Opens Second Location

Greensea announced the opening of a second office in Plymouth, MA, an expansion fueled by autonomy and subsea navigation tech advances using its OPENSEA platform.Greensea Systems (Richmond, VT) new location, at 10 Cordage Park Circle, Suite 222, in the historic Cordage Commerce Center, once home to the Plymouth Cordage Company, will be the company's first office outside of Vermont and will become home to a growing team of software developers and robotics engineers."We are known for our open-architecture platform…

Image: Heidmar

Signal, Heidmar Join Forces on Tanker Fleet

Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker market.Both companies have agreed a milestone partnership, under which Signal will manage a joint tanker fleet using its proprietary technology and analytical approach, said a press release.Signal’s Artificial-Intelligence-backed solution to pool management has consistently delivered superior earnings to its pool members…

Kevin Murphy, Deputy CEO. Photo: Ocean Installer

Ocean Installer Appoints New CEO

Ocean Installer has announced the appointment of Odd Strømsnes as the company’s new CEO as company enters new growth phase and addresses offshore wind market.The Norwegian subsea contractor said in a press note that the interim CEO Kevin Murphy will continue as Deputy CEO.Strømsnes was most recently managing director at TIOS, a TechnipFMC and Island Offshore joint venture, and has more than 25 years of experience from the global subsea industry holding various senior executive and board roles.

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…

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…