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Saturday, February 16, 2019

Marine Transportation News

Gregg Ruhl, President and Chief Executive Officer. Photo: Algoma Central Corporation

Ruhl Named CEO of Algoma

Ken Bloch Sørensen has stepped down as president and  CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.

Pic: Mitsui O.S.K. Lines

Asahi MOL Tankers Established

Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands, will also launch MR product tankers that will be assigned to the pool.MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline…

Pic: Yang Ming Marine Transport Corp

Yang Ming Launches New China-Malaysia Direct Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) has announced the launch of CMS service (China-Malaysia service) with effect on February 23rd, 2019 (estimated time of berth from Qingdao).The service is jointly operated by Yang Ming, Gold Star Line Ltd.(GSL), T.S. Lines Co., Ltd (TSL) and CNC, a brand of APL Co. Pte Ltd. Each carrier will deploy a container vessel of nominal 4,250 TEU capacity, said a statement from the marine transportation company.The ports of call are Qingdao…

Photo courtesy of Chamber of Marine Commerce

Great Lakes-St. Lawrence Shipping Sets 2019 Priorities

Chamber of Marine Commerce President Bruce Burrows has unveiled a 2019 wish list for legislative and policymakers designed to make Great Lakes-St. Lawrence and coastal shipping more competitive and build on the remarkable growth of the 2018 season.St. Lawrence Seaway cargo volumes increased almost 7 per cent in 2018, reaching 40.9 million metric tons for the first time since 2007.“Despite an unpredictable business environment of tariff wars and trade negotiations, many of our Canadian and U.S.

Seaway Tolls, Wharfage Charges both to Increase by 1.0% in 2019

The St. Lawrence Seaway Management Corporation (SLSMC) announced a toll rate increase of 1.0% for the 2019 navigation season.Tariffs:The new revised tariff will be posted and available on the Seaway website today.Wharfage Charges:The St. Lawrence Seaway Wharfage and Storage Charges have been revised for the 2019 navigation season. Effective with the commencement of the 2019 navigation season, Wharfage Charges will increase 1%.The revised Tariff will be available today on the Web…

© phoebusserhat / Adobe Stock

New Liability Regs for Canadian Vessel Operators

The Government of Canada takes marine safety and security, and the well-being of all Canadians very seriously. That is why we are taking action to better financially protect marine passengers, their families, and businesses in the event of a marine accident.The Honorable Marc Garneau, Minister of Transport, has announced new regulations that require Canadian passenger vessel operators to carry a minimum of $250,000 in liability insurance for every passenger on board. This will…

Pic: Scorpio Bulkers

Scorpio Bulkers Gets Work for SBI Hera

Scorpio Bulkers Inc, shipping company, owns and operates dry bulk carriers,  announced that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers.According to a press release from the provider of marine transportation of dry bulk commodities, the charter is for a period of between four and six months at a rate of $14,850 per day.Recently, it has entered into a time charter-out agreement with an unaffiliated third party for SBI Libra…

Pic: d’Amico International Shipping S.A

DIS Annouces Sale and Leaseback of a MR Tanker

International marine transportation company operating in the product tanker market d’Amico International Shipping S.A. (DIS) said that  its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Trader.The 49,990 dwt medium-range (MR) product tanker vessel is built in 2015 by Hyundai-Mipo, South Korea was sold for a consideration of US$ 27.0 million.This transaction allows d’Amico Tankers to generate at the Vessel’s delivery around US$ 8.6 million in cash…

Pic: Scorpio Bulkers

Scorpio Bulkers Updates on New TC

Scorpio Bulkers announced  that it has entered into a time charter-out agreement one of its Ultramax drybulk carriers for a period of between five and seven months.The  provider of marine transportation of dry bulk commodities said that the 64,000-dwt SBI Libra (built 2017) will earn $15,250 per day. However, it did not name the charterer.Scorpio Bulkers announced last month that it has entered time charter-out agreements for seven of its Ultramax vessels and four of its Kamsarmax vessels.

Alaska Marine. Image: Lynden Transport

Alaska Marine Lines Expands to Arctic Ports

Alaska marine transportation company Alaska Marine Lines said that it is expanding its service from Seattle and Anchorage to the Arctic Region in 2019.Bowhead Transport will provide the destination services at the North Slope villages of Point Hope, Point Lay, Wainwright, Utqiagvik (Barrow), and Kaktovik. Alaska Marine Lines will also service Deadhorse with its two annual sealifts.Bowhead, thru its teaming agreement with Alaska Marine Lines, will continue to participate in the…

Photo: Alaska Marine Lines

Alaska Marine Lines Expands to Arctic Ports

Alaska Marine Lines, an Alaska marine transportation company, is expanding its service from Seattle and Anchorage to the Arctic Region in 2019. Bowhead Transport will provide the destination services at the North Slope villages of Point Hope, Point Lay, Wainwright, Utqiagvik (Barrow), and Kaktovik. Alaska Marine Lines will also service Deadhorse with its two annual sealifts. Bowhead, thru its teaming agreement with Alaska Marine Lines, will continue to participate in the door…

Jack Buona, Superintendent of the U.S. Merchant Marine Academy

Marad Taps Buono as USMMA Superintendent

Maritime Administrator Mark Buzby has announced Jack Buono as the new superintendent for the U.S. Merchant Marine Academy.Buono will take command at the Academy on November 9, having most recently served as President and CEO of ExxonMobil’s shipping subsidiary, SeaRiver Maritime, Inc.“As a Kings Point graduate who spent his entire career in maritime leadership roles, Mr. Buono will help educate and inspire the next generation of maritime cadets,” said Maritime Administrator Mark H. Buzby.Following his graduation from the U.S. Merchant Marine Academy, Buono worked his way up from a U.S.

A St. Lawrence Seaway bulk vessel (SLSMC)

St. Lawrence Seaway Workers Ratify Contract

The St. Lawrence Seaway Management Corporation (SLSMC) has announced that its unionized employees, members of UNIFOR, ratified a three-year labor agreement covering the period of April 1, 2018 to March 31, 2021.Terence Bowles, President and CEO of the SLSMC, praised the negotiating teams for achieving another multi-year agreement, and said, “A fair labor settlement was reached earlier this month, enabling the St. Lawrence Seaway to continue providing uninterrupted service to the thousands of entities that depend upon marine transportation…

U.S. Coast Guard Commandant Admiral Karl L. Schultz

U.S. Coast Guard's Maritime Commerce Strategic Outlook released

U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their "VISION for Enabling Maritime Commerce." He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deep-water ports and protected straits and bays. This geostrategic advantage favorably shapes our Nation’s security…

© Bits and Splits/AdobeStock

Maritime Ports Pushed to Up Cyber Security

Resilience planning, Info Sharing Take Spotlight“Oh what a tangled web we weave, when first we practice to deceive.” That old chestnut gets turned on its head when it comes to port cyber security. It’s more like “Oh what a tangled web we’ve woven, so much harder to stop data stolen.”Ports today have the physical aspect of security pretty well nailed shut - gates, locks, fencing, alarms, cameras, drones, etc. As Chris Mason, Rajant Corp.’s director of sales for EMEA, notes, “Every…

Kings Point Alumni Release Commemorative Video

Video marks Academy's 75th year and those who made the ultimate sacrifice.Alumni of the United States Merchant Marine Academy (USMMA) released an inspiring video to commemorate the 75th anniversary of the institution and memorialize midshipmen who have died in service to the nation. Over the summer, the USMMA Alumni Association and Foundation (USMMA-AAF) has been executing a multi-faceted campaign to mark the federal academy's decades of service and the foundational role it plays…

Evergreen Group’s 50th anniversary celebration on September 01 commenced with a performance by the choir of the Yihsing branch of Jiahsing Elementary School, presenting best wishes with their sublime singing.  The choir is a gold medal winner at the 31st Franz Schubert Choir Competition in Vienna. Photo: Evergreen

Evergreen Group Celebrates 50th Anniversary

Evergreen Group celebrated its 50th Anniversary at the Chang Yung-Fa Foundation, home of the charity set-up by Evergreen Group Founder and Chairman Dr. Y.F. Chang, said a press release from the company.In addition to senior executives and employees of the Group’s businesses, the event was also attended by public officials, customers and business agents from both the shipping and airline industries as well as representatives of supply chain partners from more than fifty countries.The…

Q-LNG, VTHM Execute LOI for Another LNG Bunkering Vessel

Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”) announced its further commitment to support the cruise line industry and its liquefied natural gas (“LNG”) marine fueling needs by executing a letter of intent (“LOI”) with VT Halter Marine, Inc. (“VT Halter”) to construct an 8,000m3 LNG Bunkering Vessel on speculation.CEO, Shane Guidry, commented, “With the past and recent announcements by major cruise lines to build and deliver LNG powered cruise ships to the U.S. market…

OSVDPA Executive Director Aaron Smith

OSVDPA Accredits Texas A&M Maritime Academy

A&M becomes first U.S. Maritime Academy to teach accredited DP courses.The Offshore Service Vessel Dynamic Positioning Authority (OSVDPA) has announced that Texas A&M Maritime Academy (TAMMA) is accredited to provide OSVDPA courses to its cadets. TAMMA, in Galveston, Texas, is the first Maritime Academy in the United States to be accredited by a dynamic positioning operator (DPO) certification body.In announcing the accreditation, OSVDPA Executive Director, Aaron Smith, said, “The OSVDPA Board of Directors and our staff are very excited to issue this accreditation.

Photo courtesy of Cal Maritime

Change of Command for Cal Maritime's Training Ship

After 10 years at the helm, Harry Bolton handed over command of the Training Ship Golden Bear Wednesday at California State University Maritime Academy.Bolton, a 1978 graduate of the Academy, returned to Cal Maritime on May 1, 2008 after a 30-year career with American Maritime Officers. Twenty of those years were with American Overseas Marine Corporation (AMSEA) aboard the original preposition ships based out of Guam, Saipan and Diego Garcia. Bolton began sailing as Master in 1985, only seven years after graduation.Dr.

Photo: d’Amico ?Società di Navigazione SpA

d’Amico International Sells, Leaseback MT High Loyalty

d’Amico International Shipping, an international marine transportation company operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers (Ireland) signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Loyalty, a 49,990 dwt medium-range product tanker vessel, built in 2015 by Hyundai-Mipo, South Korea for a consideration of US$ 28.5 million.Thistransaction allows d’Amico Tankersto generate at the Vessel’s delivery around US$ 13.3 million in cash…

Photo: Scorpio Bulkers Inc.

Scorpio Bulkers Gets New Build Financing form Nordic Banks

Scorpio Bulkers announced that it has received a commitment from Nordea AB (publ), acting through its New York branch, and Skandinaviska Enskilda Banken AB (publ) for a loan facility of up to $184.0 million.The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk vessels (SBI Athena, SBI Thalia, SBI Zeus, SBI Hera, SBI Poseidon and SBI Apollo) and six Kamsarmax dry bulk vessels (SBI Conga, SBI Bolero, SBI Sousta, SBI Rock, SBI Reggae and SBI Mazurka).The loan facility…

Image: Scorpio Bulkers

Scorpio Bulkers Gets New Loan Facility

Monaco-based international shipping company Scorpio Bulkers announced that it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale for a loan facility of up to USD 60 million.The loan facility will be used to finance up to 60% of the fair market value of two Ultramax dry bulk vessels (SBI Perseus and SBI Phoebe) and two Kamsarmax dry bulk vessels (SBI Electra and SBI Flamenco).The loan facility has a final maturity date of five years from drawdown date and bears interest at LIBOR plus a margin of 2.25% per annum.This loan facility…

Photo: Chamber of Marine Commerce

Great Lakes-Seaway Shipping Boosted in June

United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017. Construction materials were also heavily influential in the latest results with a nearly 38 percent increase in asphalt from the same time last year, as well as increases in cement and stone.“Summer is the season for construction projects and ships have been delivering materials for major building projects across the region,” says Bruce Burrows, President of the Chamber of Marine Commerce. “U.S.

(Photo: SUNY Maritime College)

Maritime College to Host 'Marine Highways' Conference

Roads around the New York metro area, and up and down many parts of the East Coast, are increasingly congested. The congestion increases air pollution, leads to poor roads, and slows the flow of people and goods throughout the region.On September 27, SUNY Maritime College will host a conference to discuss ways to move cargo transport off land and onto the water, thereby reducing road congestion and air pollution.Other nations and regions around the world are increasingly seeking to move cargo traffic off the roads and onto ships.

MT High Trust. Photo: © Robert Weber, Marinetraffic.com

d'Amico International Shipping Sells MT High Trust

Luxembourg-based d’Amico International Shipping announced that its operating subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Trust for a consideration of US$ 29.5 million. The marine transportation company operating in the product tanker market said that High Trust is a 49,990 dwt medium-range product tanker vessel, built in 2016 by Hyundai-Mipo, South Korea. Thistransaction allows d’Amico Tankersto generate at the vessel’s delivery around US$ 11.9 million in cash…