28719 members and growing – the largest networking group in the maritime industry!

LoginJoin

Monday, December 9, 2019

Maritime News

Jim White (Photo: Port of Baltimore)

Port of Baltimore's White to Resign

James J. White, Executive Director, Port of Baltimore, announced his resignation effective December 31, 2019.White led operations for 18 years as the Port of Baltimore improved its national rankings, upgraded security procedures and completed infrastructure projects that made it one of the few ports in America capable of receiving the largest ships in the world.Under Executive Director White, the Port of Baltimore leads the nation in handling autos and light trucks, roll on/roll off heavy farm and construction machinery, as well as imported sugar and gypsum.

Gabriele Rohde/Adobe Stock

Maritime Schools Must Prep for Offshore Wind Jobs

The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43,000 by 2050. To support this growth, U.S. Department of Energy reports estimate over 40,000 new jobs will be created by 2030.The new jobs anticipated to support the offshore wind industry include a wide range of types, including engineers, trade workers, surveyors, scientists, technicians, managers, and seafarers.

Image: MSC

MSC Uses 30% Biofuel Bunker Blend

Swiss-Italian international shipping line MSC Mediterranean Shipping Company (MSC) announced that its vessels bunkering in Rotterdam, the Netherlands, will now bunker biofuel blends on a routine basis - the first  major shipping line to do so.Following successful trials with biofuel blends earlier this year, MSC has decided to continue bunkering responsibly sourced biofuel blends on a routine basis.The trials were completed with a minimal 10% blend fuel and following further trials…

(L-R) Roger Ringstad and Manish Singh. Photos: Seagull & Videotel

Seagull Videotel Appoints Leaders

Industry veteran Manish Singh has joined maritime knowledge services group Seagull and Videotel as CEO. Meanwhile, Roger Ringstad assumed the role of Executive Chairman.Acquired by Oakley Capital in May 2019, maritime knowledge services firms Seagull and Videotel collectively serve over 20,000 ships and marine installations globally, helping develop proficiencies for about a million seafarers across international maritime pools and tonnage types.Alex Collins, Partner at Oakley…

Image: AET Tanker Holdings Sdn. Bhd.

AET Wins $245Mln Charter Deal with Shell

Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad said in a press release that Under the terms of the deal it will own and operate the related newbuilding Suezmax Class Dynamic Positioning (DP) shuttle tankers for operations in international and Brazilian waters.The estimated contract…

Pictured (L to R): Glenn Wiltshire,Acting Chief Executive and Port Director, Port Everglades; Aníbal Piña, Deputy Director, Dominican Republic Port Authority; Broward County Mayor Dale V.C. Holness; and Miguel Angel Rodriguez, Consul General of the Dominican Republic in Miami. (Photo: Port Everglades)

Port Everglades & Dominican Republic Port Authority Sign MOU

Broward County's Port Everglades Department and the Dominican Republic Port Authority have signed a Memorandum of Understanding (MOU) as part of a joint Sister Seaports agreement.The MOU will  promote bilateral trade. The two parties want to establish an alliance of cooperation aimed at facilitating international trade and generating new business by promoting the sea trade routes between the two countries. The MOU outlines joint initiatives, including marketing activities and market studies…

Photo courtesy of  Britannia P&I

Korea P&I and Britannia P&I to Collaborate

The Britannia Steam Ship Insurance Association Limited (Britannia P&I) and The Korea Shipowners’ Mutual Protection and Indemnity Association (KP&I) established a new collaboration agreement, Korea-Britannia P&I Collaboration ‘KBC’.This new facility, which is exclusively available to Korean shipowners and operators, will provide cover on a mutual basis excess of a primary $500,000 layer insured by KP&I.In August 2019, S&P re-confirmed Britannia P&I’s A (Stable) rating with financial…

Image: Costa Cruises

Meyer Turku Delivers Costa Smeralda

Finish shipbuilder Meyer Turku delivered liquefied natural gas (LNG)-fuelled Costa Smeralda to its Italian owner Costa Cruises, a brand of Carnival Corporation.The brand's new flagship Costa Smeralda becomes Carnival Corporation's fourth new ship of 2019 and its second LNG-powered ship.Costa Smeralda is the first of two new sister ships for Costa Cruises that can be powered in port and at sea by LNG. The second vessel, Costa Toscana, is currently under construction at Meyer Turku and scheduled to be delivered in 2021.In total…

(Photo: NORDEN)

NORDEN Examining Biofuels

NORDEN partners with Danish based Kvasir Technologies, a spinout from the Technical University of Denmark with a patented technology to produce fuel from plant material.“At NORDEN, we want to drive the shipping industry towards a cleaner future. If we are to truly make a difference, testing fuel alternatives is the right starting point,” says Henrik Røjel, Fuel Efficiency and Decarbonization Manager at NORDEN. “The collaboration with Kvasir is highly welcomed, both as part of…

Ed Grimm, (second from left) CEO, Southern Towing Company during a crew visit.

Interview: Ed Grimm, CEO, Southern Towing Company

“In God we trust. All others must have data.”When Ed Grimm took the helm of Southern Towing Company (STC)as President and CEO, he inherited an enviable team of leaders, engineers, mentors, communicators and analysts. Today STC is a clear leader on the inland waterways, pioneering and proving the business and safety value of Z-Drives on the river towboats.How did you come to the top spot at Southern Towing Company?I started in the energy industry at 16 working at an oil storage depot in New York Harbor, working there through high school and putting myself through college.

Logo: Lloyd’s Register

LR Approves New LNG-Fueled VLCC Design

The UK-based maritime classification society Lloyd’s Register (LR) has granted approval in principle (AiP) to a quartet for an LNG-fueled VLCC design that uses a prismatic GTT Mark III membrane LNG tank.The AiP was granted to China Merchants Energy Shipping (CMES), CNOOC Gas and Power Group, Dalian Shipbuilding Industry (DSIC), and Gaztransport and Technigaz(GTT).The main objectives of the AiP include developing a specification for a dual fuel VLCC that meets the IMO’s GHG 2030 emission limitations and preparing the relevant design drawings.CMES and CNOOC G&P…

Photo: CMA CGM

CMA CGM Initiates Global Energy Coalition

Rodolphe Saadé, Chairman and Chief Executive Officer of the French container transportation and shipping company CMA CGM Group recommended that French President Emmanuel Macron initiate an international coalition for the energy transition of the transportation sector whose priority will be to develop a more competitive and less carbon-intensive energy source.Rodolphe Saadé stressed the need to improve the cooperation of all those working on near-term solutions to replace fossil fuels in the transportation and logistics sectors.The French President accepted to actively support this initiative…

© vladsv / Adobe Stock

Asian Refiners Strive to Finish IMO Preparations

At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.In Japan, the country's second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance, increasing capacity for low sulphur fuel oil (LSFO), but also relying on blending to produce IMO 2020 compliant bunker fuel.The different approaches…

Photo: Wilhelmsen Ships Service

Wilhelmsen Launches 3D Printed Spares EAP

Wilhelmsen has launched an early adopter program for 3D printed marine spare parts. A strategic move by the six early adopters, Carnival Maritime, Thome Ship Management, OSM Maritime Group, Berge Bulk, Executive Ship Management and Wilhelmsen Ship Management have all signed up with Wilhelmsen’s Marine Products division to begin utilizing on-demand additive manufacturing.Wilhelmsen, in cooperation with Ivaldi Group, will provide spare parts on demand to the selected six customers’ vessels around the globe.

Cheng-Yu Tang (Photo: Intellian)

Intellian names Tang as VP, Head of APAC

Intellian has appointed Mr. Cheng-Yu Tang as Vice President and Head of Asia-Pacific region, based in Hong Kong SAR, China. Cheng-Yu Tang, who has more than 20 years of experience in driving sustaining business growth and management leadership especially in satellite communications, maritime and aeronautical industry, will oversee Intellian’s entire APAC business including sales, technical support, business development and operations. He is also part of the Global Executives Team…

AdobeStock / © 14KT Gold

Fuel Market Calm ahead of IMO Changeover

Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of the lowest levels for two years.From the start of 2020, ocean-going ships will be required to use low-sulphur fuels or employ exhaust gas cleaning systems, known has scrubbers, under pollution control rules approved by the International Maritime Organization (IMO).Fuel traders and shipowners have warned for several…

Pic: Maritime Development Center

DecarbonICE Project for Green Shipping

A group of world leading shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME and the mining company Vale, have therefore teamed up with Denmark based Maritime Development Center to develop such an on-board carbon capture and storage solution in a project named decarbonICE.DecarbonICE is based on two new main ideas for the capture and storage part, respectively. The CO2 and other GHG's in the ship exhaust are captured on board in…

Pic: MacGregor

MacGregor Wins Orders from Europe

MacGregor, the provider of maritime cargo and load handling services, has secured orders to provide MacGregor equipment to a European port development project and TTS products to a naval project.The orders has a total value of approximately EUR 8 million, said the Cargotec group company.The orders were booked into Cargotec's fourth quarter 2019 order intake, with deliveries planned to commence during the fourth quarter of 2020 and completed during the first quarter of 2022.A TTS technical solution is being applied to the port development project…

Image: Gasum

Gasum Makes its 1st Cruise Ship STS LNG Bunkering

The Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel Coralius conducted first ever ship-to-ship (STS) bunkering to a cruise ship - Carnival Corporation's cruise vessel Costa Smeralda.During the bunkering operation, LNG was supplied to the newbuild Costa Smeralda at the Meyer Turku shipyard. Costa Smeralda is the first cruise ship in a series of newbuilds at Meyer Turku that will be fitted with LNG propulsion.LNG is the cleanest available marine fuel…

Pic: International Maritime Organization (IMO)

Training for L. American Maritime Leaders

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…

Pic: International Maritime Organization (IMO)

Joseph Angelo Awarded Global Maritime Prize

The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.IMO Secretary-General Kitack Lim presented the prize on Monday (25 November) at the annual IMO Awards ceremony.

Joseph J. Angelo (Photo: IMO)

Angelo Receives IMO Maritime Prize for 2018

The prestigious International Maritime Prize for 2018 has been presented to Mr. Joseph J. Angelo. Angelo,  a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.IMO Secretary-General Kitack Lim presented the prize on 25th of  November at the annual IMO Awards ceremony. Mr.

Mark Richardson (Photo: SSY)

SSY Strengthens Big Data Capability

Simpson Spence Young (SSY) is partnering with Gothenburg based tech company Marine Benchmark.This new partnership will enhance and strengthen SSY's client offering, as Marine Benchmark will bring a competitive advantage by providing expertise in statistical analysis across a wide range of maritime market data. Meanwhile SSY's resources and reach will further strengthen Marine Benchmark's presence in the global market for maritime research and data.Mark Richardson, Chairman of SSY commented…

Image: Watson Farley & Williams

CMBFL Sells and Lease Back 20 Tankers

CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.Watson Farley & Williams (WFW), the international law firm based in London, has advised on this transaction. The leases were of a hybrid nature combining elements of both financial and operating leases.Founded in 2008…

Image: Navios Maritime Partners

NMP Acquires Eleven Vessels

Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I. On November 22, 2019, an agreement was reached to liquidate Navios Europe I. The agreement is subject to definitive documentation which is expected to be completed by the end of 2019.It is expected that Navios Partners will acquire the five containerships - Esperanza N, Protostar N, Harmony N…

Image: Navios Maritime Acquisition Corporation

NMAC Acquires 5 Product Tankers

Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I. As of September 30, 2019, Navios Acquisition had a receivable of $32.3 million from Navios Europe I. This receivable along with debt financing will be used to finance the Acquisition. The agreement is subject to definitive…