WFW Advises TUI on $1.3Bn Take Over
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020. The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
Austal Launches 109m Ferry
Austal Philippines launched Hull 419, a 109 meter high-speed catamaran ferry being built for Fjord Line or Norway at Austal's Balamban shipyard in Cebu.The vehicle-passenger ferry, to be known as FSTR, is the largest aluminium vessel ever launched in the Philippines – and the largest by volume ever built by Austal. It is scheduled to be delivered in the 2nd quarter of CY2020.“This new ship for Fjord Line of Norway is the first of many large, high-speed commercial ferries to be constructed at our newly expanded shipyard in the Philippines," said Austal CEO David Singleton.
Austal Australia Launches Bajamar Express
Australian-based global ship building company Austal Limited announced that its Henderson, Western Australia, shipyard has successfully launched Bajamar Express, the first of two 118-meter, high-speed trimaran ferries under construction for Fred. Olsen Express of the Canary Islands.The ferry is now in the final stages of fit-out. She is scheduled for delivery in spring 2020, said a press note from the shipbuilder.“With the launch of Bajamar Express, our internationally competitive Australian team has again demonstrated an inherent capability to design and construct advanced…
Austal to Support USN Ships in Australia
Austal signed an agreement with the United States Navy which will see its Henderson shipyard conduct repairs and sustainment activities on USN and Military Sealift Command (MSC) ships.With the Agreement of Boat Repair (ABR) now in place, Austal’s Australian operations may now bid to provide emergent repair services to deployed USN ships, including the Austal designed and constructed Independence-class Littoral Combat Ships (LCS).The ABR also allows Austal to bid for maintenance and repair of MSC ships deployed to the region…
US Lifts Sanctions on COSCO's Dalian Unit
The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks with Washington.President Donald Trump's administration on Sept. 25 blacklisted two units of COSCO, named after the northeastern Chinese port of Dalian. The move sent worldwide freight costs to record highs and disrupted the global shipping market.The U.S.
Polar Research Ship Commissions Lifeboats
UK’s new polar research ship being built at Cammell Laird in Birkenhead RRS Sir David Attenborough has achieved another important milestone with the commissioning and testing of the ship’s lifeboats and lifeboat davits.The lifeboats, each capable of carrying 90 people, are now in position on both sides of the vessel, along with the operational davits that allow for the safe deployment and recovery of the boats.RRS Sir David Attenborough is the first International Maritime Organisation’s Polar Code-compliant ship to have been built in the UK.
SGTM Orders Catamaran from Austal
SGTM has awarded Austal Limited a $10.7 million contract to build a 41-meter, high-speed catamaran.The new vessel is based on Austal Australia designed vessel, with customer defined design modifications to be undertaken in Vietnam before construction commences there by March, 2020 with delivery approximately one year later.Austal Chief Executive Officer David Singleton said the new contract was welcome as Austal continued to build on its investment in facilities and people in the company’s new Vietnam shipyard.
Libya: Efforts Being Made to Lift Port Blockade
Libyan state oil firm NOC said efforts were being made to lift a blockade of its major ports and oilfields but could not say when this might happen, its chairman Mustafa Sanalla said on Monday.He also said NOC was giving priority crude allocation to its Zawiya refinery.(Reporting by Ahmad Ghaddar Writing by Ulf Laessing; editing by David Evans)
Nestlehutt tapped to lead SCI
The Seamen’s Church Institute of New York & New Jersey (SCI) selected Rev. Mark S. Nestlehutt as its new President & Executive Director, succeeding the Rev. David Rider, effective February 18, 2020.With more than two decades of church experience in Massachusetts, Illinois, Maryland, Australia and South Africa, Mark joins SCI from Washington Memorial Chapel in Valley Forge, Pennsylvania where he serves as Rector. His previous employment and interests include service as an officer in the U.S.
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…
IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag
At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.U.N. shipping agency, the International Maritime Organization (IMO), aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050…
World Seaborne Coal Trade Rose 0.7% in 2019
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure
BIMCO Names Loosley CEO
BIMCO has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), which he led for the last eight years.Prior to joining IMarEST, Loosley ran operations at the United Kingdom Hydrographic Office (UKHO) where he was responsible for the transition from analogue to digital navigational products, and chaired the Digital Geospatial Information Working Group (DGWIG) to help drive global standardization.
Port of Baltimore Gets $1.8 Mln EPA Grant
The Helen Delich Bentley Port of Baltimore has secured $1.8 million in grant funding from the U.S. Environmental Protection Agency (EPA) to replace older diesel-powered equipment with newer, cleaner versions.The Diesel Emissions Reduction Act (DERA) funds will cover about 44 dray trucks, commonly used for transporting shipping containers to and from the port, and four pieces of cargo-handling equipment such as forklifts, yard tractors and other heavy cargo machinery.“This EPA grant will help us continue cleaning the air around the Port of Baltimore,” said Governor Larry Hogan.
GLDD Details $83M in Awarded Work
North America's dredging company Great Lakes Dredge & Dock Corporation (GLDD) announced the receipt of several major dredging awards totaling $ 83 million.David Simonelli, President of Dredging said: “Great Lakes is pleased to announce these important deepening, coastal protection and maintenance dredging awards. These projects will enhance our year-end backlog and position us well for 2020. Working on these projects allows Great Lakes to help strengthen the U.S. economy, infrastructure and further support the protection of our U.S.
MSC Re-Routes Cargos Due to French Strikes
Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country."MSC Mediterranean Shipping Company is closely monitoring the situation in France where industrial action by labour unions is impacting maritime ports and overland transportation networks around the country," an MSC spokesman said.MSC said it would resume normal services to France as soon as possible. (Reporting by Jonathan Saul and Gus Trompiz; Writing by Maya Nikolaeva; Editing by David Clarke)
Austal Australia Rolls Out 118m Trimaran
Austal Australia has rolled out the hull (No. 394) and attached the superstructure for the first of two 118 meter trimarans under construction for Fred. Olsen Express of the Canary Islands.Bajamar Express was rolled out onto the hardstand at Austal Australia’s Henderson shipyard in Western Australia on December 14, in preparation for final fit out before launch in February 2020.Austal Chief Executive Officer David Singleton highlighted the vessel’s significance as one of nine trimarans currently under construction by Austal…
BoatUS’s Kennedy Elected Chairman of AIWA
BoatUS Manager of Government Affairs David Kennedy was elected chairman of the Atlantic Intracoastal Waterway Association (AIWA). Kennedy, who will serve a one-year term, previously served as the organization’s vice-chair and board secretary.“Thousands of boaters rely on the Atlantic Intracoastal Waterway every year,” said Kennedy. “It plays an important role in the nation’s marine transportation system. Whether traveling its length as part of semiannual ‘snowbird’ migrations or simply enjoying local waters, boaters count on AIWW every day.
U.S. sets Trade Terms, Beijing So Far Silent
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.Beijing has yet to confirm whether it is on board with the proposal, although officials will hold a press briefing Friday night local time to update progress on the talks, the State Council Information Office said. Officials from the state planner, ministry of finance, foreign ministry, agriculture ministry and ministry of commerce will attend.In the hours since U.S.
Atkins Updates US Offshore Market Guide
Engineering and project management consultancy Atkins, together with law firm K&L Gates LLP, has released an updated Offshore Wind Market Handbook to help guide investors through technical and regulatory issues in the US offshore wind market.The US offshore wind market has quickly evolved over the last year, with extensive updates in policy and regulatory environment, and several states entering or strengthen their commitment to the industry, Atkins a member of the SNC-Lavalin Group…
APM Terminals Intros Monitoring System
APM Terminals, an international container terminal operating company headquartered in The Hague, has commenced the global rollout of an advanced application monitoring solution, capable of spotting issues with performance before they start to negatively impact operations.The new solution, which has already been rolled out to 11 terminals, will ensure business continuity, improve terminal efficiency, and safeguard consistency (peak moves per hour) by ensuring that applications consistently operate at the speed they’re supposed to.
Cammell Laird Recruits 20 New Apprentices
Merseyside UK shiprepairer, shipbuilder, and engineering services company Cammell Laird has recruited 20 new apprentices to its workforce.The famous Birkenhead company says it has completed the most rigorous recruitment process ever undertaken with the 20 recruits starting their four-year apprenticeship this autumn at a cost of $320,000-a-year and $1.2 million in total.Cammell Laird chief operating officer Tony Graham said the new starters will take the total number of apprentices recruited into the business to 270 since 2008 with an ambition to take on 20 more every year.
Peel Ports Hits Container Record
Record-breaking month for container operations at the Port of Liverpool. Quayside and landside throughput in October at Liverpool container terminals exceeded all previous figures, with year on year growth of 12%.The cargoes were connected with a total of 16 shipping lines.David Huck, Peel Ports Managing Director. Ports, said: “More businesses are realizing that it makes more sense to ship products closer to their end destinations. For much of the UK container market Liverpool is the port that offers the shortest supply chain…
Interview: David Ince, Event Director, Oi
From its founding in 1969, Oceanology International has evolved into what is arguably the biggest and best gathering for the global subsea technology community. To help celebrate Oi’s 50th, Marine Technology Reporter visits with David Ince, Event Director, Oceanology International for his insights on ‘what’s to come’ for visitors and exhibitors at Oceanology International 2020 in London.Briefly discuss your responsibilities with the venerable Oceanology International brand.I have…
U.S., China Reach Trade Deal 'in principle'
The White House has reached a "deal in principle" with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said."The written agreement is still being formulated, but they have reached an agreement in principle," the source said. No details were immediately available.In an attempt to secure a "phase one" trade deal, U.S. negotiators offered to cut…
Navis Acquires Jade Logistics
Cargotec division Navis has signed an agreement to acquire the assets of New Zealand-based Jade Logistics.Jade Logistics provides Master terminal operating systems (TOS) for mixed cargo terminals.With N4, Octopi and Jade Master Terminal, Navis can offer the flexibility of the right TOS for any prospective customer’s cargo requirements. Navis will establish a General Cargo Center of Excellence in Christchurch, New Zealand to serve the growing demand for mixed cargo solutions globally.