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Monday, August 19, 2019

Maritime Services News

“Through this transaction, Vigor gains responsible, forward-thinking investors who will seek to build on our current platform while maintaining a values-driven culture,” said Frank Foti, President and CEO of Vigor. Photo: Vigor

Vigor, MHI Acquired and Merged

In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia.The transaction, subject to customary closing conditions…

Image: Government of Dubai

DP World to Build $1.2B Port in Indonesia

DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics park in East Java.It is the first joint venture of its kind in the Indonesian transportation sector involving a private sector partnership between an FDI partner and a private sector Indonesian company in Maspion, within the context of cooperation in maritime services with the state-owned maritime services operator Pelindo III.

Photo: CMA CGM

Shipping Firms Drop UK Flag as Brexit Looms

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms part…

Photo: HKCYIA

HKCYIA's “Diploma in Cruise Operations”

The Hong Kong Cruise and Yacht Industry Association (HKCYIA) and the Maritime Services Training Institute (MSTI) have joined hands in organizing a new course - Diploma in Cruise Operations (DCO) - to meet with the increasing demand for professionals in the booming global cruise industry. The six-month course is designed to equip students with knowledge and competences in cruise operations which fulfil the training requirements of the Hong Kong Marine Department and the STCW[1][1] Code to serve on board luxurious cruise ships.

Photo: Edda Accommodation

Edda Accommodation CEO Retires

Edda Accommodation, a specialized provider of offshore accommodation service vessels, has announced that Johan Rokstad retired as CEO.The managing director role of Edda Accommodation is now transferred to Kenneth Walland, CEO of Østensjø Rederi.Rokstad started his career in Østensjø Rederi as captain of Østensjø’s supply vessels and has been with Østensjø for 40 years, of which 18 of them as CEO (from 1998-2016). In recent years, Rokstad has worked closely with the segment “accommodation” and the hotel ship Edda Fides.In 2016 Edda Accommodation was demerged to its own management company…

Photo courtesy of CMA CGM

CMA CGM Boxship for French West Indies Christened

CMA CGM Group announced that the CMA CGM Fort de France, the first vessel belonging to its new fleet dedicated to the French West Indies, was christened on April 4th, 2019 in Martinique by Mrs. Annick Girardin, French Minister for Overseas Territories.This inauguration took place in the presence of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, Tanya Saadé Zeenny, Executive Officer, Alfred Marie-Jeanne, Chairman of the Executive Council of the Martinique Regional Authority…

Image: Hafen Hamburg Marketing

CMA CGM Bundles Multimodal Transport

The CMA CGM Group announced that its intra-European multimodal transport subsidiaries Containerships and MacAndrews have united under the single Containerships brand.Together, Containerships and MacAndrews operate a fleet of 32 vessels and 700 trucks, calling 64 ports through 26 maritime services and 8 inland services.The single Containerships brand resulting from their union will be able to unlock major synergies and to focus on commercial growth and on the development of high-quality services for its customers.In addition…

File Image / CREDIT: AdobeStock / © Kasto

McQuilling ends tanker contracts with PDVSA

A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter.U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker operator Bernhard Schulte Shipmanagement (BSM) in withdrawing from providing oil-shipping services to Venezuela.The United States levied…

“The underwater cleaning industry has historically been very fragmented, with small players offering inconsistent services," said Shaun Harbinson, Chief Commercial Officer, THC. "With the Schulte Group and the THC team combining their forces, we are able to expand our technology quickly into other regions.”

Schulte Group Acquires Stake in TecHullClean

Schulte Group acquires TecHullClean to expand its range of IMO-compliant underwater inspection, repair and maintenance solutionsSchulte Group, Hamburg, Germany, acquired a majority stake in TecHullClean Limited (THC), a Singapore registered underwater inspection, repair and maintenance (IRM) technology company headquartered in Singapore and Algeciras, Spain and with further subsidiaries in Spain, Gibraltar and Ghana.THC specializes in underwater hull cleaning, inspection and propeller…

Photo courtesy of STM

The Maritime Connectivity Platform Consortium

On February 8, 2019, the Maritime Connectivity Platform Consortium (MCC) was established with a signature ceremony during the conference ‘e-navigation underway international 2019’.The Maritime Connectivity Platform (MCP) is an open source technology a digital maritime domain. It brings common internet standards to maritime navigation and transportation systems.MCP enables infrastructures for efficient, secure, reliable and seamless electronic information exchange among maritime stakeholders using available communication systems.

Pic: Dept of Transport, UK

UK Launches Maritime 2050 Strategy

Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the importance of maritime – worth over GBP40bn to the UK economy, more than aerospace or car manufacturing – and focuses on the desire to cement the UK’s place as the world's leading maritime nation into the second half of the 21st century.Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East…

Image: Royal Boskalis Westminster N.V.

Boskalis Wins USD 283 mln Contract from Ostwind

Dutch dredging Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection.A press release from the global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the contract was awarded by 50Hertz and carries a value for Boskalis in excess of EUR 250 million (USD 283.45 mln) making this the largest cable installation contract acquired by…

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…

Image: Nakilat

Nakilat Profit Jumps by 8.5%

Qatar Gas Transport Company (Nakilat)  has reported about 8.5% year-on-year increase in net profit to QR659mn (USD 181 million) during January-September this year."Nakilat’s stronger performance is a result of the company’s successful expansion, which is attributed to its strategic long-term plan to diversify and seek business opportunities with minimal risk, as well as through effective cost optimisation initiatives across its integrated operations," said a press release from…

From left: Michael DiVirgilio, CII President; Ed DeNike, President of SSA Containers; Mrs. DeNike; Ronald J. Forest, President of Matson Navigation; Sue Coffey, CII Treasurer (Photo: CII)

DeNike Presented with Connie Award

Edward Anthony DeNike, president of SSA Containers, a division of Carrix, received the 2018 Connie Award presented by the Containerization & Intermodal Institute (CII) in Long Beach, Calif., on Tuesday. DeNike was honored for his contributions to containerization and international trade and transportation industry over the course of the last five decades.The dinner event honoring DeNike was held in conjunction with the IANA Intermodal EXPO and attracted more than 250 people."It is no surprise that our recipient, Ed DeNike – an industry legend – has attracted a record-breaking crowd.

Photo: ENN Energy Holdings

Stena Blue Sky Delivers First LNG Cargo in China

The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan, Ninbo region on 8th August 2018.Chinese companies build their own LNG terminals and import the fuel directly because they aim to meet higher demand and reduce their dependence on supplies of LNG from state-owned companies. The…

Two Royal Fleet Auxiliary vessels docked at the Outer Coaling Pier and the Deep Water Berth, with Queen’s Pier in the background.

Intermarine UK Investment Boosts Portland Port Activities

UK-based Portland Port leverages new fabrication and welding facility to win a bigger share of ship repair, refit, conversion and shipbuilding markets.Polish-owned maritime engineering company Intermarine UK has unveiled major growth plans after investing a six-figure sum in a new 2,400 square meter (26,000 sq ft) fabrication and welding facility at Portland Port in Dorset, UK. The move will create up to 60 new jobs in the area over the next two years. Along the way, the company has signed a 20-year lease and moved its UK head office from Bridgend to Portland Port…

Photo: Wilhelmsen group

Wilhelmsen Group Income for 2Q up by 5%

The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second. Maritime services deliver stable revenue, while supply services record improved income following a seasonal upswing and property sales gains in NorSea Group…

Peggy Nordeen (Photo: Seafarers’ House)

Nordeen Named Seafarers’ House Business Leader of the Year

Seafarers’ House has announced that Peggy Nordeen, CEO of Starmark International, Inc. has been selected as Seafarers’ House 2018 South Florida Business Leader of the Year.Nordeen will be honored at the 23rd Annual South Florida Business Leaders’ Luncheon hosted by Holland America Line to benefit Seafarers’ House. The luncheon will take place Wednesday, Nov. 14 aboard the ms Zuiderdam docked at Port Everglades.Honorees for the South Florida Business Leaders Award are selected by their peers.

© Konstantin L/Adobe Stock

Analysis: Government Proposal 'Ill-informed' on Maritime Matters

On June 22, 2018, the Office of Management and Budget (OMB) issued a federal government reorganization proposal entitled “Delivering Government Solutions in the 21st Century”. The 132-page document is subtitled ‘Reform Plan and Reorganization Recommendations’. I have not read the entire report, but I have examined those portions that relate to maritime issues. I find those portions to be uniformly ill-advised.Associate Justice Oliver Wendell Holmes, Jr. once wrote: “A page of history is worth a volume of logic.”  The authors of this proposal should brush up on their history.

Image: Wilhelmsen

Wilhelmsen Drops Acquisition of Drew Marine

A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer.

File Photo: European Community Shipowners' Associations

European Shipowners Welcomes EPA

The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies.“At a time that unilateralism and protectionism are rising, the EU and Japan are sending a strong message in support of free, fair and rules-based trade”, said European Community Shipowners' Associations (ECSA)' Secretary General…

Photo: Royal Boskalis Westminster N.V.

Boskalis Bags New Contracts

Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America.

Image: Maritime and Port Authority of Singapore

Singapore Tops World's Shipping Centre Rankings in 2018

Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…

(Image: Ecochlor)

Angelicoussis Shipping to Retrofit BWTS on 36 Ships

U.S.-based ballast water treatment system (BWTS) manufacturer Ecochlor, Inc. said it has been awarded a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected to take place between 2018 and 2020 in Singapore, Dubai, Qatar and China.Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL.

© Graham Flett / MarineTraffic.com

Cargo Ship Loses 83 Containers off Australia

A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and whales.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney when it encountered 5-metre swells in the Tasman Sea, about 30 km off Australia's east coast late on Thursday."They're 40-foot containers, they sit about a foot or two off the water ...