Stakeholders Ignore U.S. Middle East Coalition Proposals
The United States is struggling to win its allies' support for an initiative to heighten surveillance of vital Middle East oil shipping lanes because of fears it will increase tension with Iran, six sources familiar with the matter said.Washington proposed on July 9 stepping up efforts to safeguard strategic waters off Iran and Yemen where it blames Iran and its proxies for tanker attacks. Iran denies the charges.But with Washington's allies reluctant to commit new weaponry or fighting forces…
Study: Explore Diversity and Inclusion Across Shipping
The first ever survey and study to explore levels of diversity and inclusion across the shipping industry has been announced by the newly-formed Diversity Study Group.The Diversity Study Group (DSG) is the first organization dedicated to championing diversity and inclusion in all forms in shipping, including gender, ethnicity, age and regional differentiation. DSG also aims to become the leading resource and center of excellence for diversity and inclusion for the shipping and energy industries.
Two Chinese Ports Halt Coal Imports
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of the halt on Tuesday.Customs officials at the port of Jingtang, one of China's biggest coking coal import points, and the neighbouring port of Caofeidian said they would halt customs declearation services from July 16 until further notice, the traders said on Wednesday.No reason was given for the service halt at the ports…
Van Oord Enacts Hopper Dredger Option
Van Oord has decided to use the option of ordering a third trailing suction hopper dredger at Keppel FELS Limited. The vessel is similar to the two vessels that Van Oord ordered in May 2018. Each one has a hopper capacity of approximately 10,500 cubic meters and measures 138 meters in length and 28 meters across the beam.This investment is part of a broader fleet renewal program in the Dredging business unit. The new hoppers will replace existing vessels and fit in with Van Oord’s aim of making its fleet state-of-the-art and more energy efficient.
JIT Trial Cuts Emissions
"Just-In-Time" (JIT) operations have the potential to cut the time ships spend idling outside ports and help reduce harmful emissions as well as save on fuel costs.According to International Maritime Organization (IMO), this can be achieved by communicating in advance the relevant information to the ship about the requested time of arrival - allowing the ship to adjust to optimum speed. A desktop trial in Just-In-Time ship operations has yielded positive results, showing emissions…
CN Names David Trent as VP, CDO
Canada's backbone intermodal company Canadian National Railway Company (CN) has announced that David Trent will be joining the company as part of the railway’s objective of modernizing its scheduled railroading model.The new Vice-President (VP) and Chief Digital Officer (DGO) will oversee next steps in CN’s digital transformation, said a press release from CN said.In his role, David will assume the overall responsibility to build a digitally agile organization and provide the best digital thinking and solutions to the business and CN’s customers.
Setting the Course for Low Carbon Shipping
In a collective call to action for the decarbonization of shipping last year, 34 signatory CEOs from the industry made clear that efforts to significantly lower the carbon footprint of shipping presented “biggest technology challenge in the past 100 years”.This statement was not an exaggeration. In fact, the transition to a low-carbon future will take more than an unprecedented commitment to the research and development that traditionally underpins technological advance. Finding complex solutions that are at once commercially viable…
Schottel, Ulstein Team on Automation
Ulstein and Schottel announced that they will start cooperating to take the next step in automation and digitalization within marine operations. The former Ulstein subsidiary, Ulstein Blue CTRL, will continue as an independent company under the name Blue CTRL. Both Ulstein and Schottel will own 50 percent of the shares in the company. X-CONNECT is a universal digital platform for marine automation, control and monitoring. All functionality in the system is predefined and configurable supporting the work philosophy; configure, plug and play.
Big Easy Braces for Barry Flooding; Emergency Declared
New Orleans braced for severe flooding with residents told to hunker down as a growing tropical storm in the U.S. Gulf of Mexico headed for landfall late on Friday or early on Saturday as the first Atlantic hurricane of 2019.U.S. President Donald Trump declared a state of emergency for the state of Louisiana late on Thursday, hours after the region's oil production was cut by half as energy companies evacuated offshore drilling facilities and a coastal refinery.Tropical Storm…
DP World to Issue $700 million in Bonds, Sukuk
Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity. Benchmark bonds are generally meant to be over $500 million.The Islamic paper is being marketed with an initial guidance of around 230 basis points over mid-swaps.Barclays, Citi, Deutsche Bank, Dubai Islamic Bank…
ERSG Appoints USA Offshore Wind
UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market.Chris comes from a strong recruitment background having started in the industry 5 years ago, showing passion and natural aptitude he progressed quickly to a divisional head of energy with his previous employer.US offshore wind power is set to achieve 86…
U.S. Offshore Wind: RMG, Bibby Sign MOU
As the prospects for offshore wind energy continue to grow in and around the United States, so too do the business potential and parnterships. The latest announcement comes from south Florida where Resolve Marine Group and Bibby Marine Services, a U.K. based dedicated “Walk to Work” vessel company (W2W) signed a Memorandum of Understanding (MOU) to develop Jones Act compliant vessel solutions for the U.S. offshore wind sector. Resolve and Bibby will aim to partner with wind resource providers to deliver timely and innovative services in this sector.
"A Maritime Disaster Waiting to Happen"
Since the founding in 2016, cyber defence company Naval Dome has won awards for its Endpoint cyber defense system and achieved the highest level of security certification from classification society DNV GL, helping to protect merchant ships, cruise ships and yachts from cyber-attack.In 2019, Naval Dome optimized Endpoint with a “Dashboard” App, providing maritime users with a clear picture of the cyber status of all critical systems on board the ship, designed to allow users…
Admiral Schultz Emphasizes Maritime as a Driver of U.S. Commerce
Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River. As the U.S. inland waterway system has endured historic water levels for more than six months, the destination provided a perfect backdrop to discuss several key messages coming from USCG leadership: the maritime industry’s critical role in facilitating U.S.
Water Outflow on Seaway Now Above 10,400 CMS
The Chamber of Marine Commerce supports the International Lake Ontario-St. Lawrence River Board’s decision Friday to continue flow rates from the Moses-Saunders dam at 10,400 cubic meters per second (CMS).Maintaining the 10,400 CMS outflow still results in a significant cost to the economy, with an estimated $2.3 million to $3 million in business revenues lost for every day it’s in place due to delays for all ship transits through the Seaway.The Chamber’s ship operators are following…
IMO 2020: Hydrogen's Future in Maritime
Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide, many ship owners are starting to consider hydrogen fuel cell technology to satisfy evolving emissions regulations. To date, hundreds of millions of dollars have been spent on research programs to utilize hydrogen fuel cells for transportation.
Africa Pledges to Deliver Blue Economy
A sustainable Blue Business plan will accelerate Africa’s transformation, create jobs, sustain livelihoods and empower communities while offering impactful climate change measures.Fishing, aquaculture, shipping, ports, energy, and finance industries all came under the spotlight at Africa Blue Economy Forum (ABEF2019) held in Tunis on 25-26 June.ABEF2019 drew in Government ministers, business leaders, international investors, academics and environmental organizations from across the globe.The need for direct action to deliver the environmental…
DP World Set to Acquire Topaz Energy
The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in “very advanced” discussions to acquire Topaz Energy.
MOL Works on Environmental Agenda
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation."Shpping companies are responsible for undertaking the marine transportation vital to the infrastructure underpinning people's daily lives worldwide," it said.MOL established a policy to equip its vessels with ballast water treatment systems in fiscal year 2014, ahead of the issuance of the Ballast Water Management Convention in September 2017.As of April 2019…
Delivering parts, fuel, mail over 52 million square miles
In Port and at Sea: NAVSUP Fleet Logistics Center Yokosuka Supports Navy Ships and Crews. Understanding how that happens can benefit commercial stakeholders, as well.As the post-Cold War Navy once again faces near-peer competitors at sea, it must reposition itself and step up sustainment of ships at home and abroad. While admittedly a goal in logistics is to provide material and services in a stable and predictable fashion, so that operations can proceed unimpeded, that goal sometimes runs counter to the unpredictable nature of military operations.
DP World buys Topaz Energy for $1 bln
Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the latest in Asia-focused lender StanChart's efforts to sell its private equity business as part of a broader shift away from direct investing.Reporting By Lawrence White
A Call to Action to Address Seafarer Suicides
Mental health awareness should be made a core component of first aid seafarer training, according to Captain Rajesh Unni, CEO and Founder of leading shipmanager Synergy Group.Speaking last week at a day-long training session designed to further the understanding of mental health at sea, he told delegates in Mumbai, India, that more must be done to understand and alleviate the mental strains of life at sea as the dangers became more apparent.He noted that 5.9% of all deaths at sea were proven suicides.
Mitsui, JOGMEC join Arctic LNG-2
Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural…
Contship Appoints Alfredo Scalisi
Italian container terminal, intermodal & logistics operator Contship Italia Group has appointed Alfredo Scalisi as the new General Manager of its flagship container terminal at La Spezia. His appointment was effective on July 1, 2019.Scalisi will report directly to Group President Mrs. Cecilia Battistello, who is currently covering an interim corporate role as managing director of Operations and Sales of Contship Italia Group.Scalisi previously held the role of Deputy General…
Containerships in first SIMOPS boxship bunkering
Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.
EIB Invests in Low-Emissions Outboard Engines
The European Investment Bank (EIB) has signed a EUR 14 million venture loan agreement with Sweden’s Cimco Marine AB to co-finance its innovation and growth investments.As per the unsecured credit facility agreement, the EIB will finance up to 50 percent of Cimco’s development of a new family of diesel outboard engines, inter alia a 3 liter, 6- cylinder twin turbo BMW diesel engine with a number of power outputs between 200 hp and 300 hp."The total facility is split into three tranches of EUR 4 million (A)…