Shanghai Waigaoqiao Shipyard Delivers World's First iVLOC
The world’s first intelligent very large ore carrier (iVLOC), the DNV GL-classed Pacific Vision, was delivered by Shanghai Waigaoqiao Shipyard to China Merchants Energy Shipping Company.Norway-headquartered international accredited registrar and classification society said in a statement that the vessel is the world’s first VLOC to implement DNV GL’s SmartShip descriptive notation.To qualify for the notation, Pacific Vision has been outfitted with an integration platform, a smart navigation decision support system…
OOCL Bags 2018 Singapore Environmental Achievement Award
Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or international companies and organizations with outstanding environmental performance in Asia, and this year, the regional scope has been expanded to welcome companies from Greater China, Japan, South Korea, and ASEAN countries to take part in the awards scheme.In the review and evaluation process…
Huangpu-Wenchong Shipyard Builds 200th DNV GL Classified Ship
Huangpu-Wenchong Shipyard (HPWS) announced that a 2,750 TEU feeder container ship for China Navigation will be the 200th DNV GL classified ship.A press release said that the cooperation between DNV GL and HPWS dates back to 1996 and covers ship types from feeder vessels to larger container ships, to bulk carriers, offshore supply vessels, and many others.“The close relationship and comfortable communication between the two companies has enhanced HPWS’s position in shipbuilding.
Hong Kong Grants Licence to Steamship Mutual
Protection and indemnity club Steamship Mutual P&I Club has been given a licence in Hong Kong by Hong Kong Insurance Authority , its third in the Far East after Singapore and Tokyo."Hong Kong Insurance Authority has formally authorised the Club to establish a Branch in Hong Kong from 17 August 2018," said a press statement.Steamship Mutual is the first P&I Club to gain authorisation from the independent statutory authority, which commenced operation in 2017.The Club has maintained a presence in Hong Kong for almost 30 years…
Container Terminal Utilisation Levels Set to Rise: Drewry
The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, according to the Global Container Terminal Operators Annual Review and Forecast 2018 by global shipping consultancy Drewry.Against this positive picture near term container port capacity expansion will remain relatively subdued following several years of under investment…
China Will Hit Back After New US Tariffs
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the U.S. actions "completely unacceptable".The foreign ministry described Washington's…
Haas Named COO at CMA CGM America
CMA CGM America has appointed Tim Haas as its new Chief Operations Officer.Haas leads CMA CGM’s U.S. Operations team from its headquarters in Norfolk, Va. He began on June 25, 2018, and he reports to the Ludovic Renou, President of CMA CGM America.Haas has more than 27 years of experience in shipping, terminal operations and executive management. For 21 years, Haas worked at Maersk, including APMT and Sea-Land, taking on a variety of roles in the U.S. and abroad. Among his assignments…
Evergreen Orders 3,000 Reefer Units
As one of the world’s leading shipping lines, Evergreen Line, is enhancing its operations with 3,000 containers refrigerated by Carrier Transicold PrimeLINE® units, chosen for their refrigeration performance and power efficiency. Carrier Transicold is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. “With its digital scroll compressor, the PrimeLINE unit has a reputation for energy efficiency and a value proposition that includes rapid pull-down, tight temperature control…
Fairfax Financial Invests Additional USD 500mln in Seaspan
Containership owner operator Seaspan Corporation has announced that Fairfax Financial Holdings Limited, through certain subsidiaries, has entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants, increasing Fairfax’s total investment in Seaspan to $1 billion. "Building on our acquisition of Greater China Intermodal Investments and existing partnership with Prem Watsa and Fairfax, the cumulative investment of $1 billion from Fairfax will also significantly strengthen Seaspan’s balance sheet…
GCI Acquisition Fetches Extra Money for Seaspan
The Hong Kong-based containership lessor Seaspan Corporation reported a net profit of $67 million for the quarter ended March 31, 2018 as revenues rose 11.7 percent to $244 million compared with the same 2017 period. The addition of operating vessels from the buyout of Greater China Intermodal Investments (GCI) led to higher revenues. The company has informed that it has completed accretive acquisition with an implied enterprise value of $1.6 billion of the remaining 89% that Seaspan did not own of GCI.
Seaspan Buys GCI from Carlyle
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet, will take over GCI’s 16 on the water 10,000-14,000 TEU containerships plus two newbuilds scheduled for delivery during Q2 2018. All 18 vessels sister ships to Seaspan’s current fleet. “With GCI’s fleet now under our ownership…
DNV GL Grants AiP for DSIC Shuttle Tanker, Crane Designs
Dalian Shipbuilding Industry Co. Ltd. (DSIC) has received Approval in Principle (AiP) certificates from classification society DNV GL for a new shuttle tanker and a column stabilized crane unit designs. The certificates were handed over at the Marintec China trade fair in Shanghai. Lu Xiao Hui, Vice President and Chief Technical Officer of DSIC, said, “DSIC and DNV GL have successfully collaborated on joint design development and classification for various ship types and offshore units since the 1980s.
Classification Steps Up to the Digital Challenge: DNV GL
The maritime world is in the middle of a period of rapid change, with increasing digitalization, new regulations and shifting markets. Classification societies can help to remove barriers, speed up the process, and assist stakeholders make the most of the new landscape, IACS Chairman Knut Ørbeck-Nilssen said at DNV GL’s press conference at Marintec China today. “One of the major contributions of class in current times of transformation is to bring familiar assurance processes to new and unfamiliar technologies…
Seaspan Appoints Bing Chen As Chief Executive Officer
Seaspan Corporation announced that Bing Chen will be joining the Company as its Chief Executive Officer (CEO), and appointed to the Board of Directors in January, 2018. Gerry Wang will be retiring as CEO and Director of Seaspan effective November 3. Upon Wang’s retirement, Peter Curtis, executive vice president and chief operating officer, will also serve as Seaspan’s interim chief executive officer until Chen’s arrival, after which he will continue in his current role. David Sokol…
COSCO Shipping Ports Reports Better H1 Results
The port terminal operator division of China COSCO Shipping Corp. posted net profits of US$384.7 million, an increase of 123.7% for FY 2017, compared with the corresponding period last year. Total throughput of the Group’s container terminals increased by 11.8% to 41,780,867 TEU for the six months ended 30 June 2017 (1H2016: 37,358,210 TEU); of which about 19.3% (1H2016: 21.1%) or 8,046,468 TEU (1H2016: 7,880,362 TEU) were handled by the Group’s subsidiaries; and the remaining 80.7% (1H2016: 78.9%) or 33,734,399 TEU (1H2016: 29,477,848) were handled by the Group’s non-controlling terminals.
Liberian Registry Strengthens Asia Team
The Liberian Registry has announced strategic new appointments in a number of key areas within the Asian regional offices operated by its US-based manager, the Liberian International Ship & Corporate Registry (LISCR). Wan Ching Chiang has been promoted to Registrations Manager for the Liberian Registry in Singapore. Chiang is embarking on her fifth year with the Liberian Registry, which she joined as Registrations and Corporate Coordinator. In her new role, she will be overseeing…
Management Changes in Damco
Klaus Rud Sejling, current Head of East West Trades in Maersk Line, has been appointed CEO of Damco with effect from October 1. Klaus Rud Sejling joined the group in 1997 and has worked in various roles in Maersk Tankers and Maersk Line before joining Maersk Logistics as Branch Manager and later as CCO for Greater China. Most recently, he has been Head of Group Strategy; and COO and CCO of Maersk Tankers, before re-joining Maersk Line as Head of East West Trades in 2014. Klaus Rud Sejling’s replacement as Head of East West Trades in Maersk Line will be announced at a later stage. Hanne B.
McLean to lead Kalmar APAC Region
Peter McLean has been appointed Head of the Asia-Pacific (APAC) region in Kalmar, part of Cargotec. He succeeds Ken Loh, who has decided to leave Kalmar to pursue other interests outside the company. To support a smooth transition, Ken will continue as an advisor until mid-next year. In addition to his new position as Head of Kalmar APAC, Peter McLean continues in his current role as President, Bromma until a successor is appointed. "Ken Loh has a long and very impressive career within Kalmar and he has played a major role in building our success in the Asia-Pacific region.
Maersk Line Signs First Carbon Pact in Asia
Maersk Line has signed a five-year carbon reduction pact with Huawei Technologies, a global leading telecom solutions provider and the world’s third largest mobile phone manufacturer. The key to Huawei’s success is positioning itself as an innovator and thought leader in its field of expertise. To maintain this status amongst its customers, Huawei has taken the next step by signing a strategic carbon pact with Maersk Line. This agreement integrates both companies’ sustainability commitments to reduce Huawei’s CO2 emissions per container transported with Maersk Line by 18% from 2016 to 2020.
LUKOIL Marine Lubricants Opens Hong Kong Office
LUKOIL Marine Lubricants has opened a new branch office in Hong Kong to tap into an increasing market share in Hong Kong and the greater China area. The official opening ceremony was held on Friday, May 27, 2016, and was attended by more than 50 guests from Hong Kong and Taiwan, as well as LUKOIL Marine’s Managing Directors, June Manoharan and Jan Thiedeitz. The celebration also provided an opportunity to showcase the latest iCOlube and EAL technology during technical seminars. Hong Kong has long been held as one of the most important and strategically located maritime hubs in the world.
DNV GL bags COSCO's HVDC Converter Platform Deal
DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore AC/DC converter platform BorWin gamma as part of the grid connection project BorWin3. The project will provide an essential renewable offshore resource to meet increasing energy demands in Germany, as part of the German Energiewende (Energy Transition) programme.
ABS, COSCO Partner on Arctic Shipping Development
Facing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper China Ocean Shipping (Group) Company (COSCO) have signed a cooperation agreement aiming to enhave trans-Arctic shipping development. Signing the agreement in Shanghai were ABS Greater China Division President and COO Eric Kleess and Captain Meijiang Cai, Director of COSCO Safety & Technology Supervision Division.
DNV GL DSJ500 Jack-up Design for Dalian
DNV GL presented Dalian Shipbuilding Industry Co. Ltd (DSIC) with an Approval in Principle (AiP) certificate for their new DSJ-500 jack-up design for drilling in depths of up to 500 feet. Tor E. Svensen, DNV GL Group Executive Vice President, handed over the certificate to Liu Wenmin, DSIC Deputy Technical Director, at the Marintec China trade fair in Shanghai. “I am very pleased to be able to present this certificate to DSIC, continuing a very productive and longstanding relationship,” said Svensen.
DNV GL Wins Frame Agreement with CLP Hong Kong
DNV GL, the technical advisor to the oil and gas industry, has been awarded a framework agreement by CLP Hong Kong to deliver risk management advisory services for its Asia Pacific operations. Projects are already underway, with several more projects expected within 2015. The term of the contract is two years, with an option for further extensions. The frame agreement covers all CLP operations in Hong Kong, mainland China, Taiwan, India, South East Asia and Australia. CLP provides electricity to 80% of Hong Kong’s population through its three local power stations.
Chinese Slowdown Hitting Container Shipping
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd, the risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk sector, but they are not inconsiderable and will contribute to slowing world box growth. Container-shipping lines, already concerned about demand from struggling economies in Europe and many emerging markets, can now add China to their list of problems.
American Club Announces Appointments, Promotions
The chief focus for Dorothea Ioannou as Global Business Development Director will be to coordinate business development efforts across all regions of the world, fostering current relationships and generating new initiatives for the American Club and its Eagle Ocean Marine (EOM) fixed premium facility. She is the first woman in the history of the American Club and its Managers to have been appointed to such a high-level executive role. Ioannou is Vice President of WISTA, Hellas…