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Friday, December 6, 2019

Global Marine News

Erno Tenhunen (Photo: Danfoss)

Danfoss Editron Appoints Tenhunen as Marine Director

Danfoss Editron has appointed Erno Tenhunen as its new Marine Director. He will lead the company’s marine business, with overall responsibility for sales, the delivery of projects and developing new systems technology at a time when electrification is a hot topic in the global marine industry.Tenhunen adds nearly 20 years’ experience to Danfoss Editron’s established marine team. He joins the company from ABB, where he had spent his entire career. After initially starting as a Project Manager…

Photo: Castrol

Beyond IMO2020: Castrol Preps for the New Norm

Castrol has advised the shipping industry to expect a period of ‘new normal’; where continuous change in environmental compliance standards is driven by regulation, adding layers of technical complexity for owners and operators.With the shipping industry currently preparing for the IMO 2020 global sulfur cap, Castrol outlined that as the sector examines its current and future fuel choices, there needs to be an understanding that fuels and lubricants are intrinsically linked. Failure to consult and work in partnership with engine manufacturers…

AdobeStock / © Jose Gill

U.S. Sanctions Bite; Traders Shun 300 Tankers

Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…

Photo: MISC

MISC Secures ExxonMobil LNG Tanker Contract

MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea.

Dr. Kirsi Tikka (Photo: Ardmore Shipping)

Ardmore Appoints Dr. Tikka to Board of Directors

Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore”) has announced the appointment of Dr. Kirsi Tikka to the company’s Board of Directors.Dr. Tikka has over 30 years of shipping experience having recently retired from the American Bureau of Shipping  (“ABS”) in July 2019. She joined ABS in 2001 and held various specialist and leadership positions within ABS including as ABS Executive Vice President Global Marine, Europe Division President, and as Vice President and Chief Engineer, Global.

Frost  & Sullivan said shipbuilders and dry-docking companies should work with marine coatings specialists to ensure that high-performance, environmentally-sustainable marine coatings that can protect the environment and increase fuel efficiencies are developed for use in the maritime sector.
Photo: © helenedevun/Adobe Stock

Marine Coatings Market: Clean, Green & $9.3B by 2025

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

Photo:  Captain Patrik Dahlgren, Royal Caribbean Cruise Lines/ WISTA

RCL Executive to Keynote Cayman WISTA AGM

Cayman’s Women’s International Shipping & Trading Association – WISTA Cayman Islands – has announced that Captain Patrik Dahlgren, Senior Vice President, Global Marine Operations at Royal Caribbean Cruises, Ltd will be the keynote speaker for the 2019 WISTA International AGM & Conference which is being hosted by WISTA Cayman from October 29, to November 1. Captain Dahlgren’s responsibilities span across six cruise brands with offices in Miami, London, Hamburg, Madrid and Shanghai.

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

Shipping Losses Lowest This Century as New Dangers Emerge

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

Perhaps the busiest part of the Seawork event involved the impressive display of workboats - all available to board and trial - alongside this waterfront venue. Image: Joseph Keefe

Seawork: Aptly Named, Well Worth the Visit

Southampton, United Kingdom: It has been quite a few years since I last touched down in the UK; longer still for a visit on a maritime business trip. And, I don’t cross 'the big pond' casually for one these events. This morning, Seawork 2019 in Southampton is not yet over but if the past two days have been any indication at all, then the entire event will be regarded as a rousing success for all involved.There is something for everyone here. I overheard one attendee refer to the event as the annual gathering of “the boys and their toys.” To be sure…

A typical fleet oiler in support of U.S. Naval operations (CREDIT: USN)

London P&I clubs Widen Middle East Threat Zone

London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market's Joint War Committee said in a statement that the additions cover areas of perceived enhanced risk for marine insurers and reflected enhanced regional risk."The situation will be kept under close review," said the Joint War Committee…

Cynthia Hudson, CEO of HudsonAnalytix

Aon, HudsonCyber team for Maritime Cybersecurity

Aon and HudsonCyber are joining forces to provide enterprise-level cyber security capability assessment, integrated cyber breach response, and mitigation support to the global marine industry.“We see a real need for collaborative thinking in respect of an enterprise level cyber security methodology for our clients," said Lee Meyrick, CEO of Global Marine at Aon. "It is important to understand cyber risk exposures, mitigation strategies and maximizing the effectiveness of their programs.”Bringing together Hudson’s HACyberLogix cyber security assessment program and Aon’s cyber risk transfer…

Engine Room Wall (Photo: Advanced Mechanical Enterprises)

'Sea the World' Reveal At Huizenga Center

South Florida’s marine industry is a $12 billion/year economic engine that provides the region with 142,000 careers and jobs. With an aging workforce and a unique skill set, the maritime community is facing a workforce that’s aging out with skilled labor being very hard to find. To assist, Advanced Mechanical Enterprises/AMESOLUTIONS.COM, and 23 marine industry companies have joined forces with Junior Achievement of South Florida.On May 1, 2019, Junior Achievement of South Florida will unveil the Marine Industry Storefront…

Photo: V.Group

V.Group Opens New Center in Mumbai

V.Group, a global marine support services provider, opened its state-of-the-art new home in Mumbai in a ceremony earlier this week. Colleagues from across the Group were joined by CEO, Ian El-Mokadem, and a number of distinguished guests, to open the new building in Windsor Corporate Park, Oshiwara.The new facility brings together V.Group’s six service lines and the full breadth and depth of the Group’s expertise in Mumbai into one location, and reflects V.Group’s strategic investment in recruiting and retaining the best talent in the industry.

Image: MJM Group

MJM Bags Largest-Ever Cruise Contract

Global marine outfitter, MJM Marine is undertaking its biggest-ever project which will see a team of 1,400 people spend more than a month working on a cruise liner at locations including China and the US.The company been appointed as the main outfitting contractor by Norwegian Cruise Line (NCL) to completely refurbish the Norwegian Joy, as the company repositions the ship to the West Coast of the United States.In a multi-million dollar project, MJM Marine will play the lead role in the design…

V. Group Acquires Global Marine Travel

V.Group  acquired Global Marine Travel (ISS GMT) from Inchcape Shipping Services.The addition of GMT to V.Group’s travel portfolio doubles ticketing volumes, strengthens the management team and will enable the creation of a combined operational hub in the Philippines. At the same time, it bolsters existing travel operations with two additional International Air Transport Association licences. Both businesses will eventually operate under the GMT brand.Last year, V.Group outlined a strategy of focusing on developing its six key services lines…

Paul Jennings (Photo: North P&I)

BREXIT: North P&I Gets OK for Dublin Brexit Hub

British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…

Pic: V.Group

V.Ships Hamburg Appoints Nils Aden as MD

V.Group has announced the appointment of Nils Aden as Managing Director of V.Ships Germany in Hamburg.The global marine and offshore vessel management and support services provider said in a press release that the announcement reaffirms its commitment to growing in, and leading the transformation of, the German shipmanagement market.Last year, V.Group announced that it would invest in a centre of excellence for container shipmanagement in Hamburg, bringing together the best expertise to deliver the highest quality service for its customers.As the shipmanagement segment consolidates…

Pic: Seacor Marine

Seacor Marine Acquires Three Fast Support Vessels

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.

Martijn Oggel (Photo: YMI)

Yanmar Appoints Oggel

Yanmar Marine Intl. appointed Martijn Oggel as its Global Sales Manager.Reporting directly to YMI Director of Sales and Marketing Floris Lettinga, Oggel will implement the company’s strategic directives in alignment with local offices and key distributors, further developing YANMAR’s leading market position in the global marine industry. The new role has been created to ensure an increased focus on maximizing results and efficiency to enable sales development and market penetration.With a strong background in working with OEMs and diesel specialists…

Pic: Unifeeder

Dubai's DP World Completes Danish Unifeeder Acquistion

Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.DP World’s full acquisition of Unifeeder Group from Nordic Capital Fund VIII was announced in August, but finalized on Thursday."DP World PLC is pleased to advise that it has closed the transaction to acquire 100% of Unifeeder Group from Nordic Capital Fund VIII and certainminority shareholders," said one sentence statement from the Dubai-based global marine terminal operator."Unifeeder Group is now part of the DP World Group…

At the signing: Aleksander Beckmann, Aftermarket Sales and Services Manager at Høglund, and Sindre Stemshaug Bornstein, CCO at Yxney Maritime  Photo: Høglund

Høglund Teams Up with Yxney Maritime

Høglund, a global marine automation and system integration expert, has announced that it has signed an agreement with Yxney Maritime to launch an integrated vessel performance monitoring solution.The plug-and-play system will give ship owners and managers access to real-time fuel consumption data and analytics, allowing for better decision making and improved ship and fleet fuel efficiencies.Under the agreement, Høglund Marine Automation’s Ship Performance Monitor (SPM), which collects and stores accurate fuel consumption data for an individual vessel or entire fleet…

Expedition Vessel Magellan Explorer. Image: V.Group

V.Ships Wins Magellan Explorer Contract

The global marine and offshore vessel management and support services provider V.Group said that its V.Ships Leisure unit has been awarded a contract by Antarctica21 for the technical management of the expedition vessel, Magellan Explorer.The 100-guest Magellan Explorer is currently under construction at Asenav in Chile and due to be delivered in October 2019, the ship management company company said.The vessel, which is being built to the new polar code and is uniquely customised for fly-cruises in Antarctica…

Photo courtesy of The Maritime Standard

Finance Conference Speakers Take Optimistic View of Shipping Market Trends

The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence.Conference chairman…

Pic: V.Group

V.Group Launches Seafarer App

The global marine and offshore vessel management and support services provider V.Group  has announced that it will unveil a new app for seafarers as well as an upgraded training centre in Manila as progress accelerates on Project Embark.Project Embark is a programme designed to transform the way the leading supplier of independent ship management and related marine services handles crewing for its pool of 44,000 seafarers.A press release from the provider of marine support services said that The app will enhance the seafarers’ experience…

Panos Kirnidis, CEO of PISR with Jamal S Khalil, General Manager, of Al Rafedain Marine Services. (Photo: Palau International Ship Registry)

Palau Marks its Presence in Dubai

Palau International Ship Registry, the world’s fastest growing flag, added yet more vessels into its fleet with the signing of two new ship registrations during Seatrade Middle East 2018 (STMM) held last month in Dubai.Jamal S Khalil, General Manager, of Al Rafedain Marine Services signed the documents on the Palau stand at STMM to register two ships and was supported by Global Marine Consultants Group (GMCG) one of the valued partners of PISR and which helped facilitate the new signings.Panos Kirnidis…

Pic: Global Marine Group

HC2 Holding Mulls Global Marine Sale

The diversified holding company HC2 Holdings announced that it is exploring strategic alternatives, including a potential sale, for its  Global Marine Group (GMG)  subsidiary.As part of this process, Global Marine Holdings, a leading provider of offshore engineering services to the telecommunications, renewables and oil & gas industries through its operating subsidiary Global Marine Systems Limited, has engaged Deutsche Bank Securities Inc. and ABN AMRO Bank as joint advisors to explore strategic alternatives for the business."Since our acquisition four years ago…