28682 members and growing – the largest networking group in the maritime industry!

LoginJoin

Thursday, August 22, 2019

Industry News

Joseph F. Harrington (Photo: APC)

APC Announces Retirement of Harrington

Advanced Polymer Coatings (APC) has announced the retirement of Joseph F. Harrington after 25 years with Advanced Polymer Coatings. In 1994 he was approached by Don Keehan, Chairman of Advanced Polymer Coatings, to further develop the Marine Coatings industry with APC’s MarineLINE high-performance coating. Today MarineLINE is the industry leader in high performance coatings for the chemical tanker industry.APC President David Keehan says, “Joe Harrington has had a remarkable track record of 59 years in the coatings industry.

About the Author: Gary Roughead, Admiral, U.S. Navy (Retired), is a former chief of U.S. Naval Operations and former Commander of the U.S. Pacific Fleet.

Privinvest’s Deliveries to Mozambique: A Model for Africa

Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.The systems and equipment Mozambique bought a few years ago from shipbuilder Privinvest could serve as a template for coastal African nations seeking to rightfully benefit from their natural resources…

Photo: Damen

Damen Wins UX Design Award

Damen Shipyards Group won an award for the Human Machine Interface that it has been developing over the past two years for its Next Generation Tug Series. The UX Design Awards are intended to honor innovative solutions that add value to applications, technologies and services through positive experiences, thereby strengthening people's abilities, enabling novel applications and facilitating access to new fields of knowledge.The Human Machine Interface (HMI) developed by Damen in partnership with VanBerlo has won a Product 2019 Award.

AdobeStock / (c) 14KT Gold

'Green' Focus for Citigroup's Shipping Finance Chair

Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.In June, Citi was among a group of leading banks who signed up to environmental commitments known as the "Poseidon Principles."These will for the first time integrate efforts to cut CO2 emissions into banks' decision making when providing loans to shipping companies.The initiative highlights how businesses are having to respond to moves by investors around the worl

Photo: MHI Vestas Offshore Wind

MHI Vestas Bags Taiwan Switchgear Deal

Wind turbine manufacturer MHI Vestas Offshore Wind has signed its third contract in Taiwan for local production as it prepares to execute 900 MW of offshore wind projects."Confirming the first electrical component for local supply in the budding offshore wind industry in Taiwan, MHI Vestas has signed a conditional agreement with Mitsubishi Electric Europe B.V., with Taiwanese manufacturer, Shihlin Electric Co., included as an integral part of the production," said a notification from the company.The contract…

Image: Topaz Energy and Marine

Topaz Revenue Climbs

Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million from a $4m loss recorded at the end of first six months of 2018.Earnings before interest taxes, depreciation and amortization rose by 83 percent to $141m in the first half.The global ports operator DP World acquired Topaz from Oman's…

Pic: ZIM

ZIM Back in the Black

Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of  $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…

Sea Machines Demonstrates Autonomous Spill-Response Vessel

As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry, and today the company demonstrated its ability to increase the safety, productivity and predictability of response for marine oil-spill operations.

Photo: JAXPORT

Highest July Container Volumes for JAXPORT

The Jacksonville Port Authority (JAXPORT) has achieved its best ever July container volumes, with total container movements increasing 19 percent over the previous July. More than 116,000 twenty-foot equivalent units (or TEUs, the industry standard for measuring containers) moved through JAXPORT in July 2019.So far in Fiscal Year 2019, more than 1.1 million containers have moved through JAXPORT, an increase of 9 percent over the same period last year. The port’s fiscal year runs Oct. 1- Sept.

Photo: Core Technologie

Mobile Analysis: 3D, 2D CAD Viewer "to go"

The CoreTechnologie 3D Analyzer Viewer is now available through a mobile license-lending feature.The powerful 3D Analyzer Viewer of the German-French software manufacturer CoreTechnologie (CT) comprises in the current version 4.3 anew license-borrowing function that allows to use the software for a limited time for example on a laptop. Already the inexpensive basic version of 3D Analyzer includes 24 different interface formats, such as CATIA V5/V6, NX, Inventor SolidWorks, Creo, STEP, JT as well as FBX and OBJ.

A US Navy fleet oiler on station. CREDIT: USN

Iran: Waterways Won't be Safe if its Oil Exports

If Iran's oil exports are cut to zero, international waterways will not have the same security as before, its president said on Wednesday, cautioning Washington against upping pressure on Tehran in an angry confrontation between the longtime foes.The comment by President Hassan Rouhani coincided with a remark by Iranian Foreign Minister Mohammad Javad Zarif that Tehran might act "unpredictably" in response to "unpredictable" U.S. policies under President Donald Trump."World powers know that in the case that oil is completely sanctioned and Iran's oil exports are brought down to zero…

Pic:  Panama Canal

Fitch Affirms Panama Canal 'A' Investment Grade

For the fourth consecutive year, Fitch Ratings has affirmed the Panama Canal's 'A' investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes.The credit rating agency noted that the Panama Canal is "an underlying asset that is critical not only for Panama, but for international commerce, as demonstrated by its stable volume performance, solid competitive position, and well-diversified cargo mix," causing the Panama Canal volume profile to exhibit high levels of resilience.In addition…

Pic: KfW IPEX-Bank

Dream Cruises Wins $2.9Bln from KfW IPEX-Bank

KfW IPEX-Bank, leading a consortium consisting of six international banks, is structuring the financing of two cruise ships for Genting Hong Kong Ltd. and its brand Dream Cruises.The Global Class I and II ships are currently being built in the three shipyards of MV Werften located on the Baltic Coast in the German federal state of Mecklenburg-Western Pomerania.The financing package comprises around EUR 2.6 billion with a total investment volume of just under EUR 3.1 billion.The…

Photo: Methanex Corporation

Waterfront Adds Methanol-Fuelled Vessels

The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels, said the wholly owned subsidiary of Methanex Corporation.The vessels join the seven existing methanol-fueled vessels chartered by Waterfront Shipping…

Pic: BBC Chartering

BBC Chartering Appoints Ulrichs as CEO

German shipping services company BBC Chartering has announced that Ulrich Ulrichs has taken over the CEO position from Svend Andersen as announced in May of this year."The shareholders would like to thank Svend Andersen for his many years with BBC Chartering and his contribution to develop and grow the company to become the market-leading operator of multipurpose and heavy lift vessels," said a press note from the operator of multipurpose and heavy lift vessels.Ulrich Ulrichs…

Photo: CIMAC

Guidance on 0.50% Sulphur Marine Fuel

A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% - sulphur marine fuel released on August 20, 2019.The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels.The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users. It presents the specific safety and operational issues relating to the supply and use of max.

File Image: AdobeStock / © nightman 1965

Maersk, Blackbuck Partner for Intermodal Logistics

Maersk, a leader in integrated container logistics, has announced its partnership with BlackBuck, India’s largest online marketplace for trucking, to provide an online marketplace for containerized trucking in EXIM logistics in India.The Indian government has set ambitions to reduce logistics cost from 14% of the GDP to less than 9% by 2022. The new platform will be owned and operated by BlackBuck with Maersk supporting BlackBuck to develop compelling industry specific solutions.

Pic by LR, Hyundai Heavy Industries Co.

World’s First: LR Digital Type Approval to HHI

The world's largest shipbuilding company Hyundai Heavy Industries Co (HHI) has become the first to obtain a Lloyd’s Register (LR) approval for a digital component as it received green light to use the technology for its Integrated Smartship Solution (ISS).According to LR, digital type approval delivers an assurance system to provide confidence in the market for the supply of digital components and offers all the benefits of traditional type approval; reassurance on supply chain quality and robustness within the marine environment.

File Photo: Eagle Bulk Shipping

Eagle Bulk Moves EU Ops to Copenhagen

The US-based shipowner-operator engaged in the global transportation of drybulk commodities, Eagle Bulk Shipping  announced the establishment of a new commercial office in Copenhagen, relocating from its existing base in Hamburg.The Copenhagen office will be led by Mathias Groenvald, who recently joined Eagle Bulk, said a press release from the player in Supramax / Ultramax segment.Groenvald previously served as Senior Vice President, Head of Chartering for Clipper Bulk, and has over 30 years of drybulk industry experience.Gary Vogel…

Image: C Transport Maritime

Seven Vessels Added to CTM's RSA

C Transport Maritime (CTM), the vessel management company in the dry cargo ocean transport industry, announced that four of its current members have added seven more vessels to the Supramax Revenue Sharing Agreement (RSA) in July and August 2019.According to the Monaco-based provider of ship management service, Chandris (Hellas) added the M/V Serene Juniper (57,185 dwt, 2011 built at STX Dalian).D’Amico Group added the M/V Medi Hakata (58,078 dwt, 2014 built at Shin Kurushima)…

Photo: Damen Shipyards

Cape Town Damen Shipyards Joins WISTA

South Africa's Damen Shipyards Cape Town (DSCT) has joined the Women’s International Shipping & Trading Association (WISTA). The yard is represented in the Association by Transformation and ESD Manager Eva Moloi.WISTA is an international networking organization whose mission is to attract and support women, at the management level, in the maritime, trading and logistics sectors.Transformation and ESD Manager Eva has been nominated to WISTA South Africa’s Executive Committee as the Cape Town Chapter Representative.Eva said…

The first sector-specific Maritime Sustainability Reporting Guide was launched by MPA and its partners to encourage maritime companies to embark on or further invest in sustainability reporting efforts. Photo: MPA

Singapore Intros Maritime Reporting Guide

Singapore has launched its first Maritime Sustainability Reporting Guide to support local companies' sustainability development practices.The guide was jointly launched by the Maritime and Port Authority of Singapore (MPA), Singapore Exchange Limited (SGX), Global Compact Network Singapore (GCNS), Institute of Singapore Chartered Accountants (ISCA), and sustainability consultants from Ernst & Young LLP, KPMG and PwC Singapore.According to MPA, the Guide provides a practical framework…

Nigel Shewring (Photo: Hempel)

Shewring to lead Hempel R&D

Hempel appointed Nigel Shewring as its new Group Director of Research & Development (R&D), responsible for managing the overall activities in Hempel’s 15 R&D centers globally.“The world of coatings is very complex and our experts play a crucial role when it comes to sharing knowledge about both challenges and solutions in our industry,” said Steen Hoff, Hempel’s Acting Director of Operations. Nigel will help ensure that we continue to develop both our own and our customers’ understanding…

Image: BW Offshore

Brazil Okays BW Offshore's Oilfield Buy

Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services, platforms and ships.The purchase, from Chevron Corp and Petrobras, extends BW's operations in Brazil, where it already has two floating production, storage and offloading (FPSO) units.“We are proud to announce that our subsidiary BW Energy has been approved by the razilian National Agency of Petroleum…

Seabulk Completes First Methanol Shipment

Seabulk Tankers, a subsidiary of SEACOR Holdings, has announced the successful delivery of its first methanol parcel chemical shipment aboard the articulated tug-barge (“ATB”) Sea-Power/Sea-Chem I.The Sea-Power/Sea-Chem I loaded a 10,500 metric ton methanol parcel in the U.S. Gulf of Mexico and discharged the parcel in Charleston, South Carolina and Chesapeake, Virginia. The vessel can load up to 30,000 metric tons of cargo into eleven segregations and is equipped with stainless steel cargo piping and MarineLINE 784 cargo tank coating.

BPO's Secretary General: Bogdan Oldakowski. Photo: World Ports Sustainability Program

Baltic Ports Join Sustainability Program

The Baltic Ports Organization (BPO) has been welcomed into the World Ports Sustainability Program (WPSP) following the signing of the WPSP declaration by Bogdan Ołdakowski, BPO Secretary General.Guided by the UN’s 17 Sustainable Development Goals, the Program aims to enhance and coordinate future sustainability efforts of ports worldwide, fostering international cooperation with partners in the supply chain.BPO was established on October 10, 1991, in Copenhagen, with an aim to…