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Sunday, February 17, 2019

Management Services News

Titanic II ocean liner. Credit Blue Star Line

Deltamarin Wins Design of Titanic II Project

Passenger and cargo shipping company Blue Star Line has contracted Deltamarin to continue with the design of Titanic II. The contract covers activities and tasks for the design process, consultancy and project management services.Deltamarin will provide Blue Star Line with outline design services including finalizing and modifying the existing design to comply with the latest rules and regulations. These include the SOLAS 2020 requirements and the Energy Efficiency Design Index (EEDI).Deltamarin will also further develop the design together with the selected yard and Blue Star Line…

(L-R) Camilla Grieg, CEO of Grieg Star and Mark Ras, Head of Maas Capital. Photo: Grieg Star

Grieg Star, Maas Capital Form Dry Bulk JV

Norwegean shipping company Grieg Star and investment management firm Maas Capital have established a joint venture for ownership of Supramax and Ultramax vessels.The new company is named GriegMaas AS, said the ship owner, manager and operator for over 40 open hatch and conventional bulk vessels.The joint venture was established in December 2018. The companies have each 50 percent ownership of the GriegMaas joint venture.The company aims to acquire high quality Supramax- and Ultramax bulkers.

Pic: NYK Line

NYK Line Signs TC for Two LNG Carriers with Total

Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

Image: Horizon Maritime

Nordic American Offshore Shelves Horizon Maritime Combination

The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: "The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time."It added that a Nordic company (Nordic Canadian Shipping…

Photo courtesy of Synergy Group

N2Tankers Aframax Tanker Pool Launched

Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture.N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. It will focus on generating commercial and technical management efficiency benefits for clients and owners by streamlining fleet operations and improving…

Photo: V.Group

V.Group Showcases Seafarer App, Manila Training Facilities

V.Group, a leading provider of marine support services, has announced that it will unveil a new app for seafarers as well as an upgraded training center in Manila as progress accelerates on Project Embark, a program 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.The app will enhance the seafarers’ experience, while enabling V.Group to utilize regularly updated seafarer data to improve crewing performance and assist in planning.

Abdullah Aldubaikhi (Photo: Bahri)

Bahri Targets Acquisitions in Asia, Middle East

Saudi Arabia's Bahri is targeting acquisitions in Asia and the Middle East as the exclusive oil shipper for state energy giant Saudi Aramco seeks to expand its reach, the chief executive said on Wednesday.Bahri is the world's largest owner and operator of very large crude carriers (VLCCs). Saudi sovereign wealth fund the Public Investment Fund (PIF) owns 22 percent of the company and Aramco has a 20 percent stake."We are looking at multiple acquisitions in the Middle East and Asia worth tens of millions of dollars…

Pic: Synergy Group

N2Tankers Aframax Pool Launched

German shipowner Reederei Nord and Singapore-based ship manager Synergy Group, on behalf of Nissen Kaiun, have launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture (JV).The combined fleet currently pooled under N2Tankers consists of 13 state-of-the art Aframax tankers built to the highest standards over 2007-2018 in Japanese yards Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine & Engineering Co., Tsuneishi Holding Corporation…

Photo: Ardmore Shipping

Ardmore Shipping Partners With SEDNA

Product and chemical tanker operator Ardmore Shipping has chosen SEDNA as its new email management and team collaboration platform for their global commercial desks, including operations, chartering and commercial finance teams.According to Ha Eun Ruppelt, Ardmore Shipping’s Commercial Project Manager, the decision to choose SEDNA began with the organization’s commitment to achieving the same high standards of efficiency and operational performance in its commercial activities…

Photo: MPC Maritime

MPC Capital Further Expands Shipping Business

MPC Maritime Investments GmbH, a wholly-owned subsidiary of MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4), has acquired three Panamax-sized container vessels on behalf of an international investor. The transaction volume amounted to $42 million. In the current year, MPC Maritime has procured a total of nine single and multi-asset deals with an investment volume of more than $110 million. The focus of the newly acquired vessels is on bigger container ships, supplemented by bulkers and one tanker.

Freight Management Logistics Expands in Houston

Freight Management Logistics, LLC, (FML), a leader in moving steel, nonferrous, breakbulk, project, and bulk cargo, has recently launched a subsidiary company, FML Warehousing and Logistics Services, LLC (FML Warehousing & Logistics) and commenced the operation of a new warehouse facility in Houston to serve the Port of Houston and surrounding areas.With 140,000 square feet of warehouse and 10 acres of open laydown area, FML Warehousing & Logistics provides general commodities warehousing…

Photo courtesy of Wallem Ship Management

Wallem Welcomes First Vessel Under Japanese Flag

The Aphrodite Leader, a pure car and truck carrier (PCTC), is the first vessel under Wallem Ship Management to come under the Japanese Flag.The Aphrodite Leader completed the various inspections, audits and surveys in accordance with the Japanese Flag requirements. The vessel then officially changed over to Japanese Flag upon receipt of the statutory certificates from the Japanese Government and Class NK.This marks a positive milestone as Wallem is now one of just a few international ship managers capable of managing Japanese Flag vessels.

Challenger software main menu, taken on board the Hapag-Lloyd vessel Callao Express (Photo: Poseidon Navigation Services)

Poseidon Navigation Services Inks Deal with Hapag-Lloyd

Global container carrier Hapag-Lloyd has appointed Poseidon Navigation Services Ltd as the supplier of all Chart Management Services for the fleet managed by Hapag-Lloyd Hamburg.The appointment, announced after an in-depth evaluation process, starts immediately and will include Poseidon Navigation Services’ ‘Challenger’ software platform which will provide weekly updates for all Admiralty products, both paper and digital.Thomas Gunn, Managing Director at Poseidon Navigation Services…

“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM Offshore.

BSM Launches a Offshore Division

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM…

Echo Elects Henkels to Its Board of Directors

Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has announced that Virginia “Ginnie” Henkels was named to the company's Board of Directors, effective Monday, September 10.Henkels served as Executive Vice President, Chief Financial Officer, and Treasurer of Swift Transportation Company, a $4 billion North American truckload carrier, from 2008 to 2017. There she held various accounting and finance leadership positions starting in 2004.

Image: Avantida

CMA CGM, Hapag-Lloyd Introduce ReUse in Mexico with Avantida

Avantida, an INTTRA company, announced that CMA CGM and Hapag-Lloyd, two of the world’s largest liner shipping companies, are offering reUse container management services in Mexico. reUse is a container triangulation service for transporters made available on Avantida’s online platform. It is the first time that this service is offered in Mexico, and for Avantida it is their first step into the North American market.This is how reUse works: once an import container has been unloaded it must be taken back to the port or assigned depot.

Viktor Gingsjo  (Photo: Foreship)

Foreship Appoints Head of Project Management Services

Foreship has appointed Viktor Gingsjo as Head of Project Management Services – a newly-created post that reflects a significant rise in demand for this aspect of the leading naval architect and engineering company’s services.The new role, effective from September 1, has been created to recognize growing customer requirements that go above and beyond those covered by typical design services. Gingsjo has already gained considerable experience as a project manager with Foreship but his new role will see him head a freshly-formed Project Management Department…

Bill Dobie, Founder and CEO of SEDNA

SEDNA’s Powerful Teamwork and Transaction Tool

In shipping, the team with the best documentation always wins. Today, for many stakeholders, that increasingly means employing SEDNA’s E-mail software platform for myriad projects.Bill Dobie is Founder and CEO of SEDNA with over 20 years of experience in bringing technology and people together while creating opportunity for innovation and growth. His newest product, specifically designed for the shipping industries, is a cloud-based communication and transaction management platform…

Alexey Khaydukov (Photo: SCF Group)

Khaydukov Named President of PAO Novoship

The Board of Directors of Russian tanker shipping company PAO Novoship has elected Alexey Khaydukov as the company’s new President.Khaydukov replaces the firm’s previous President, Yury Tsvetkov, who stepped down from his role on August 8, 2018, following his appointment as a Deputy Minister of Transport of Russia, Head of the Federal Agency for Maritime and River Transport.Prior to his appointment, Khaydukov was Managing Director of SCF Management Services (Novorossiysk) Ltd.

Teekay Offshore Taps Steinsland as CFO

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P., announced today that Jan Rune Steinsland has been appointed the new Chief Financial Officer (CFO) of Teekay Offshore Group Ltd., a management services company that provides services to the Partnership’s subsidiaries (together with the Partnership, the Teekay Offshore Group) effective September 3, 2018. The Partnership’s interim CFO, Tim Cowan, will step down effective September 3, 2018, but will remain…

Glen Shore, Director of NRC Group and a Managing Director at JFLCO (Photo:JFLCO)

HCAC to Aquire NRC, Sprint Energy from JFLCO

J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC  signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this year with the combination of JFLCO companies National Response Corporation (NRC) and Sprint Energy Services (Sprint) , to Hennessy Capital Acquisition Corp. III (HCAC). After the transaction is completed, NRC Group will be a wholly-owned direct subsidiary of HCAC, who will change its name to NRC Group Holdings Corp. NRC Group Holdings Corp.

Teekay Offshore Partners Appoints Interim CFO

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. announced that Tim Cowan join as Interim Chief Financial Officer of Teekay Offshore Group Ltd., a management services company that provides services to the Partnership’s subsidiaries while the company conducts a search for a permanent CFO.Cowan holds the position of Senior Vice President, Energy, at Brookfield Asset Management. Brookfield became a co-sponsor of the Partnership in September 2017, when…

(File photo: A.P. Moller - Maersk)

Maersk Rolls Out Digital Freight Forwarding Platform in India

DAMCO, part of A.P. Moller – Maersk, and a provider of end-to-end supply chain management services, announced the launch of its new digital freight forwarding service into India.The new online platform, Twill, provides greater control of shipments by offering instant price quotes and booking, transparency and tracking services, simplified paperwork and proactive customer care.“The shipping and logistics industry today is filled with emails, phone calls and document-heavy processes which can lead to huge delays in getting quotes…

(Photo courtesy White Pass & Yukon Route)

Carnival Scoops Up Port, Rail and Retail Operations in Alaska

A subsidiary of Carnival Corporation has reached a deal to purchase port, railroad and retail operations that form a gateway to the Klondike Gold Rush region, in a major push into the Alaskan tourism industry.Carnival, the world’s largest cruise and leisure travel company, announced Thursday it has entered a purchase and sale agreement through its subsidiary Holland America Princess Alaska Tours to acquire TWC Enterprises Limited’s White Pass & Yukon Route (WP&YR) division, which includes port, railroad and retail operations in Skagway, Alaska.

Front row, from left: GAC Group Vice President – Americas Bob Bandos and Managing Director of LNG for Translux Marcellus Catalano. Second row, from left: GAC LNG Services Business Manager Tim Karl and GAC Group President Bengt Ekstrand. (Photo: GAC)

GAC to Provide Voyage Management for Translux

GAC LNG Services said it has secured a global contract to provide voyage management services to Translux Limited as they enter the liquefied natural gas (LNG) business.GAC LNG Services, officially formed in 2016, provides a full-service solution for the sector, covering charterers’ vessel operations, as well as technical and commercial information. Under the Translux agreement, GAC’s global network of offices and approved agents will support operations, which will be overseen by GAC LNG Services in Houston.Bob Bandos…

Neil McMaster, GAC Dubai’s General Manager of Contract Logistics, receives the FMCG Supply Chain of the Year Award at a ceremony held at Grosvenor House Marina. (Picture courtesy of ITP Media Group)

GAC Dubai Wins Supply Chain Award

For the second consecutive year, GAC Dubai has been named the FMCG Supply Chain of the Year in the Logistics Middle East Awards. The 2018 award, like last year’s, acknowledges the company’s service to the Middle East’s busy Fast Moving Consumer Goods (FMCG) sector. The win recognizes GAC Dubai’s procedures, training and technology deployed in ensuring a seamless, safe and efficient cold chain and consistent commitment to providing supply chain management services to the sector.