BMT Names de Bruin Managing Director for Europe
BMT announced Dennis de Bruin has been appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.A BMT employee since 2004, de Bruin has more than 20 years of experience in the maritime industry. He has served for the last seven years as Marine Director for BMT's nautical and cargo department of the Rotterdam office.He will succeed Jeroen de Haas as Managing Director of our European offices in the Netherlands, Belgium and Switzerland, who has been at the helm of Commercial Shipping Europe since 2001…
Orsted Raises $660m Green Finance
Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said.Investments undertaken by Ørsted A/S in green renewable energy projects will be allocated to the new issue corresponding to the amount issued in accordance with Ørsted’s Green Finance Framework, which has received a second opinion with a Dark Green shading from Cicero.Ørsted A/S is rated Baa1…
Siemens Gamesa Wins 250MW Gig in Egypt
Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the renewable power generation company Lekela.Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will provide long term maintenance through a 15-year service agreement.Alfonso Faubel, SGRE Onshore CEO, said: “We are proud to have been selected to contribute to the ambitious goals in renewable energy the Government has set for the coming years.
FDX Offshore Acquires Womar Logistics
Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will both become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.Incorporated in early 2009…
Eni, Mainstream Eye UK Offshore Wind
Italian oil and gas giant to collaborate with global wind and solar developer Mainstream Renewable Power (MRP) for an offshore wind campaign that will begin in the UK.The Eni partnership will focus on clean energy projects in the UK, as well as Africa and Southeast Asia. The agreement will see Italian firm Eni and MRP collaborate to develop “large-scale renewable assets” in “high-growth markets”.Luca Cosentino, Executive Vice President of Energy Solutions department in Eni said…
Offshore Wind Conference Set for SUNY Maritime
The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center, SUNY Maritime College.Serving as the keynote speaker is Alana Duerr, Ph.D., Director, Offshore Wind North America, DNV GL - Renewables Advisory, who will offer insight to opportunities for maritime industry support of Ocean Wind Energy development and sustainment for many years to come.
Revenues Soar at Russia’s PAO Sovcomflot
PAO Sovcomflot (SCF Group), which serves the energy shipping and offshore services to the oil and gas industries, reported in the first half of 2019 revenues rose 16.6% ($828m vs. $710.1m), TCE revenue rose 19.1% ($609m vs. $511.3m) and EBITDA rose 42.4% ($381.2m vs. $267.7m) as compared to the first half of 2018.Highlights from the first half included:• Korolev Prospect, Vernadsky Prospect and Samuel Prospect LNG-fuelled 114,000 DWT Aframax tankers added to the fleet.•In March 2019, the Group celebrated the 10th anniversary of the start of LNG shipments from the Sakhalin-2 project.
Trust and Independence:
Key metrics for a consolidating market of Multi-Purpose Vessels.The multipurpose sector has experienced a tough first half of 2019, following a trend of difficult market conditions spanning over a decade. Fallout from ongoing global political trade discussions is taking its toll on both project and commodity trades, cutting down volumes at a time when external competition from non-MPV carriers is at its most fierce and the MPV fleet is still struggling with overcapacity. Still…
ABB Enhances Safety of Sovcomflot’s Arctic Fleet
ABB has won a contract to supply ABB Ability Remote Diagnostic Systems for Marine to eleven Sovcomflot vessels operating in the Arctic and Russia’s Far East, helping optimize safety and performance through 24/7 remote support.Sovcomflot’s vessels will be among over 1,000 ships connected to ABB Ability Collaborative Operation Centers worldwide. From here, ABB experts monitor operational shipboard systems, coordinate remote equipment diagnostics and offer predictive maintenance services – 24/7. This can be especially crucial for vessels operating in remote areas.
Zier Joins Crowley Offshore Services
Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals, offshore wind power generation, and other projects requiring offshore or coastal equipment and expertise.Zier will report to Johan Sperling…
Pacific Green Appoints Iain Lees as CEO
Pacific Green Technologies has announced the appointment of Iain Lees as Chief Operating Officer to support company growth initiatives around proprietary emission control systems for marine vessels.The owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems said in a press note that Lees joins the Company from HannawayCA Corporate Finance Limited (HCACF), a leading financial and business advisory firm in Northern Ireland where he has served as Managing Director…
Port of Amsterdam CEO Appointed Energy Commissioner
Port of Amsterdam CEO Koen Overtoom and ten other Amsterdam residents have been named Energy Commissioners by Platform 02025, a non-profit that aims to make Amsterdam a leader in clean energy.Amsterdam port said in a press release that the appointment was co-initiated by the National Energy Committee, which is headed by the National Energy Commissioner, Ruud Koornstra.Platform 02025 seeks to motivate and inspire Amsterdam residents to transition to clean, safe and natural energy by 2025.
India Publishes Draft Wind Turbine Certification
India's Ministry of New and Renewable Energy (MNRE) has issued a draft scheme on wind turbines in India. Known as the ‘Indian Wind Turbine Certification Scheme’ (IWTCS), the draft has been prepared in consultation with the National Institute of Wind Energy (NIWE), Chennai."The IWTCS is a consolidation of relevant National and International Standards (IS/IEC/IEEE), Technical Regulations and requirements issued by Central Electricity Authority (CEA), guidelines issued by MNRE and other international guidelines…
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…
LOC Names Cummins Energy Projects Development Director
International marine and engineering consulting firm LOC has appointed ex-Head of Engineering at BP, Ian Cummins as its new Energy Projects Development Director. Ian will focus on the oil and gas and renewables markets, and help to identify and develop new and innovative engineering opportunities to progress the business.Cummins brings extensive major project management and engineering experience to LOC, gained from working on exceptionally large projects, significantly boosting LOC's specialist expertise in this area.
Dubai Weakness Promotes AG Exports
In McQuilling Services’ March Short-Term Outlook, we expressed our expectation of higher crude demand out of the Arabian Gulf in the near term due to recent weakness in Dubai crude pricing. In our report, we note the expansion of the Brent-Dubai crude differential, averaging about US $3.04/bbl through the first half of March, up from US $2.61/bbl in February. The growing presence of US crude flows to Asia is likely a supportive factor as we observed February crude exports average roughly 1.5 million b/d…
Schulte's PRONAV Acquisition Greenlighted
The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the family-owned ship owner and manager continues to increase its capabilities and capacity in the growing liquefied natural gas (LNG) market. Through the acquisition of PRONAV, the Schulte Group has increased the number of vessels under full management in its third-party management fleet by six additional LNG carriers (LNGC).
Decas Selected as a Top Port Director
While inclusion with the International Association of Top Professionals is an honor in itself, only a few members in each discipline are chosen for this distinction. These special honorees are distinguished based on their professional accomplishments, academic achievements, leadership abilities, longevity in the field, other affiliations and contributions to their communities. All honorees are invited to attend the IAOTP’s annual award gala at the end of this year for a night to honor their achievements.
Canada to Roll Out First Propane Export Terminal
Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity. The facility is expected to be commissioned in Q1 2019. Vopak will take a 30 percent interest in RIPET.
Indian Ports to Go Green
The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation. The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and 45 MW of wind energy capacity by the two Major Ports of Kandla and V. O. Chidambaranar. Major Ports have started the process of setting-up renewable energy projects by investing Rs.704.52 crores ($ 104 million) in these projects.
Greencarrier sets up office in Norwegian Arctic
Greencarrier Freight Services is establishing a new office in the beautiful Norwegian Arctic. This comes at the heels of a new contract they secured for providing the oil and gas company ENI Norge with transport solutions and port logistics for Goliat Field - an offshore oil field north-west of Hammerfest in Norway. In recent years, the town of Hammerfest in northern Norway has experienced an economic boom. This is a consequence of Statoil‘s construction of the large liquefied natural gas site on the island of Melkøya in 2007.
India Strives to Improve Efficiency of Ports
While increasing the capacity of major ports, Ministry of Shipping has been striving to improve the operational efficiencies through mechanization and other measures. As a result key efficiency parameters have improved considerably. The Average Turnaround Time has registered a significant improvement in 2015-16 and was 3.63 days as against 4.00 days in the corresponding preceding year. This has further improved to 3.49 days in the current year (up to October, 2016). The Average Output Per Ship Berthday has increased from 12458 Tonnes in 2014-15 to 13151 Tonnes in 2015-16.
LNG Not a Solution for Reducing GHG
Liquefied natural gas is not a panacea to reducing greenhouse gas emissions and its increasing use as a marine fuel could be worse for the environment than burning heavy fuel oil. Adams, a Fellow of the Institute of Marine Engineering, Science & Technology who now heads the Association of Bulk Terminal Operators, said: “The energy content of LNG is slightly more than half that of fuel oil, so to extract the same energy output when consuming LNG rather than fuel oil it is necessary to consume almost twice the volume of LNG.
Sovcomflot, ABB to set-up Center at Admiral Nevelskoy MSU
PAO Sovcomflot, Asea Brown Boveri Ltd. (ABB) Company and the Admiral Nevelskoy Maritime State University (MSU) have signed an agreement for research, technological and educational partnership. The document provides for the establishment of the Marine Propulsion Simulation Centre at MSU in Vladivostok. The operations of this centre which will be focused on preparing staff for work on vessels equipped with Azipod propulsion units. The agreement was signed by Sergey Frank, President and CEO of Sovcomflot, Sergey Ogay, Rector of MSU, and Anatoly Popov, Managing Director of ABB in Russia.
Ex-CEO of Daewoo Shipbuilding Grilled
Daewoo Shipbuilding & Marine Engineering (DSME) is being rocked by estimated trillions of won (billions of U.S. dollars) of accounting fraud amid the ongoing restructuring process for Daewoo as well as other two shipbuilders, says a report in Xinhua. The former CEO of DSME Koh Jae-ho (61), who headed the troubled company from 2012 to 2015, has been grilled by prosecutors on suspicions of a massive accounting fraud. The Supreme Prosecutors’ Office’s special investigation team interrogated Ko Jae-ho for around 20 hours until 5 a.m.
Renewable Energy on Ships: ECO Marine Sees Potential in U.S.
In a step towards bringing renewable energy to shipping, Eco Marine Power (EMP) has been granted a United States Patent for technology related to its wind and solar power system for ships – Aquarius MRE. As a result, EMP now intends to explore joint development project opportunities in the United States and is currently considering a number of options. Technologies related to EMP's Aquarius MRE can be incorporated into existing ship designs such as cruise ships, RoRo vessels, large ferries, car carriers or into future design concepts such as the Aquarius Eco Ship.