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Thursday, November 26, 2020

Maritime Services News

Register now for the 2020 Maritime Risk Symposium
https://ciri.illinois.edu/events/11th-maritime-risk-symposium-2020. © George Dolgikh/AdobeStock

Maritime Resilience and the Human Element at MRS2020

Has the age of maritime discovery and exploration actually ended? Perhaps not exactly. As the history of maritime resilience and the human element shows, as far back as the 1500s and earlier, from using new navigational aids and improved ship designs, to coastal and inland route sailing, to navigating on open seas with uncertain charts, wayward icebergs, dense fog and luckily at times, clear starry nights, mariners have faced human element and maritime resiliency challenges. "Short of food and water…

(Photo: DP World)

DP World Acquires Majority Stake in UNICO Logistics

Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances, is expected to close in the fourth quarter of 2020.Established in 2002 by H.J. Park and headquartered in South Korea, UNICO is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea, with a global footprint of 25 subsidiaries in 20 countries.

The Teledyne Webb Research built Slocum G2 Glider dubbed Silbo circumnavigated the Atlantic Ocean in four legs. Photo: Teledyne Marine.

"An Epic Mission": Slocum Glider "Silbo" Circumnavigates the Atlantic Ocean

Teledyne Marine reports that its Slocum G2 Glider dubbed Silbo, manufactured by Teledyne Webb Research, completed a 4+-year journey that circumnavigated the Atlantic Ocean in four legs, a first for an autonomous underwater vehicle (AUV).“Born out of Dr. Rick Spinrad’s challenge to build a robot that can cross the Atlantic, these long-endurance oceanic scale basin crossings with little yellow submarines are becoming more and more routine," said Clayton Jones, Senior Director of Technology Teledyne Webb Research.

(Photo: Tropical Shipping)

Tropical Shipping Enters Suriname Market

Tropical Shipping announced it will serve the Port of Paramaribo with once-weekly sailings beginning May 14.The carrier will ship everything from small packages to refrigerated cargo, dry goods, building supplies and vehicles via its new eight-day transit between Florida and Suriname.Southbound service to Suriname will depart the Port of Palm Beach every Thursday and arrive in Paramaribo each Friday of the following week. The northbound 11-day service will depart Suriname on Friday and arrive in the U.S. on a Tuesday.

Image: Nakilat

Nakilat Reports $76m Q1 Profit

Nakilat  announced financial results for the first quarter ended March 31, 2020 with a net profit of $76 million compared to $64 million during the same period in 2019, with an increase of 18%.Despite the ongoing challenges of the global pandemic, Nakilat continued to uphold operational management of its LNG and Liquefied Petroleum Gas (LPG) vessels.Additionally, Nakilat group continued to strengthen its value proposition, with the ship repair, offshore fabrication, towage and…

© skostep/ Adobe Stock

LR Supporting Critical Supply Chains During Pandemic

Lloyd’s Register (LR) says it is driving proactive collaboration with key shipping stakeholders to support the International Maritime Organization’s (IMO) Coronavirus (COVID-19) recommendations for facilitating maritime trade – including the movement on food and medical supplies – during the pandemic.Following the publication of the circular on March 27, to all IMO member states, as well as governmental and intergovernmental agencies, where IMO Secretary-General Kitack Lim stressed it was “crucially important that the flow of commerce by sea should not be unnecessarily disrupted”…

ChartWorld’s Oliver Schwarz and MSL’s Sumita and Shankar Roy are excited to start the collaboration and shape a new era for Maritime Serv (Photo: ChartWorld)

ChartWorld Acquires Maritime Services

ChartWorld announced the acquisition of Maritime Services Ltd. in Vancouver as the latest addition to the maritime digital navigation group.Steven van de Schootbrugge, ChartWorld’s CEO, commented, “We have seen double-digit growth in the North American region in recent years due to our navigation solutions that cover everything from hardware as a service, SAAS, electronic charts, support and service. Our customers can ensure their ECDIS and digital navigation systems are automatically updated and are always compliant with shore-based oversight…

Kent Lee  (Photo: GNS)

Lee Named GNS Chief Executive

Maritime services group Global Navigation Solutions (GNS) has appointed Kent Lee as Chief Executive Officer with effect from January 15,  2020. Kent’s appointment follows the acquisition of GNS by the Cornes Group in November 2019. He succeeds Paul Stanley, who led GNS from 2014 until its acquisition by Cornes.During the last 25 years, Kent has held a number of senior executive positions in the information technology industry with wide international exposure. In 2012, he co-founded CloudRadigm…

DP World Buys North American Terminal

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…

DP World Acquires Ukraine's TIS Terminal

Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval."Bringing the TIS Container Terminal into DP World's global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine," said a press release from the global supply chain…

Vinalines to Join Global Shipping Alliances

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the…

Signal, Heidmar Join Forces on Tanker Fleet

Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker market.Both companies have agreed a milestone partnership, under which Signal will manage a joint tanker fleet using its proprietary technology and analytical approach, said a press release.Signal’s Artificial-Intelligence-backed solution to pool management has consistently delivered superior earnings to its pool members…

Henrik Hyldahn (Photo: Shipserv)

ShipServ Appoints Hyldahn as CEO

ShipServ has appointed Henrik Hyldahn as its new CEO, effective January 1, 2020. Hyldahn was previously ShipServ’s Chief Solutions Officer. He replaces CEO Kim Skaarup, who will join the company's board as Vice ChairmanAs new CEO, Hyldahn will prioritize driving further collaboration with customers and partners, as well as seizing the opportunity to capitalize on the significant advancements in digitalization within the maritime industry. A key component of this will involve leading…

HullWiper Hull Cleaning Comes to Qatar

Underwater hull cleaning specialist HullWiper Ltd is joining forces with GAC Qatar in preparation to launch its hull cleaning solution at the Qatari port of Ras Laffan in early 2020 to meet growing demand for eco-friendly hull cleaning solutions.GAC Qatar is the only company to have been granted a license by the country’s Environment Ministry to operate hull cleaning equipment in its waters.HullWiper’s Remotely Operated Vehicle (ROV) complies with Qatar’s regulations, which include…

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world, comprising 69 vessels, said in a press note that its positive financial performance can be primarily attributed to better operational performance in managing its liquefied natural gas (LNG) and liquefied petroleum gas (LPG)…

Damen Shipyards Selects TCS for IoT platform

Damen Shipyards, an international shipyard group,  has partnered with the global IT services giant Tata Consultancy Services (TCS) in the development of an integrated IoT platform, with  its eyes firmly on the future."With this, Damen vessels become increasingly connected and Damen is able to gather and analyze data from the 10-15,000 sensors on board its vessels," the  Dutch shipbuilding conglomerate said in a press release.The results of this are significant, offering predictive maintenance…

DP World Becomes a Full Logistics Operator in Peru

DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10…

Royal Boskalis Wins $93.7mln European Contracts

Dutch dredging and heavylift company Royal Boskalis Westminster  has been awarded two contracts worth 85 million euro ($93.7 million) combined for strengthening and protecting a stretch of seafront coastline from erosion in Romania and the United Kingdom.The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that has been awarded a contract by Portsmouth City Council to construct new sea defenses in Southsea near Portsmouth…

Adobestock / © magicbones

UK Risks Losing Edge in Maritime Services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking, shipping finance and other maritime services.These contribute $5.6 billion a year to Britain’s economy…

Singapore Improves Maritime Safety

The number of major incidents in the Port of Singapore has dropped over the last 10 years, with fewer than 0.12 major incidents per 100,000 vessel movements in 2018, down from 0.8 in 2009.Dr Lam Pin Min, Senior Minister of State for Transport and Health, said, “I thank the maritime community for the good work in improving maritime safety. The use of technology and digitization can further enhance maritime safety by providing seafarers better access to critical safety-related information…

Rotterdam Port Intros TimeToBunker

The largest port in Europe, the Port of Rotterdam has introduced new app for bunkering notifications with which paperless bunkering and informing the Harbour Master and Customs possible in one go.TimeToBunker App is bunker barge operator tool for electronic bunkering notification. Maud Eijgendaal and Marc de Vries of the Port of Rotterdam Authority developed the new innovative application.Bunker specialists in the port of Rotterdam are obliged to notify the Port Authority and Customs prior to commencing each bunkering operation.

Interview: Todd Fuller, President, Associated Terminals

Associated Terminals runs an impressive mid-stream cargo handling operation on the Lower Mississippi River, unloading bulk carriers with high-efficiency cranes loading a carousel of barges. Maritime Reporter & Engineering News/MarineLink.com spent some time with Todd Fuller, President, Associated Terminals to discuss the operation.For those not in the know, provide an overview of the Associated Terminals assets in your New Orleans midstream cargo ops.Associated Terminals operates 13 deep draft midstream berths and 11 deep draft fixed dock facilities on the lower Mississippi River.

“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…

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.