OSM Nears Deal to Acquire SeaTeam
Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation, is expected to be completed within the next 30 days, OSM said.“We look forward to finalizing our agreement with Frontline and Golden Ocean, after engaging in a very constructive dialogue,” said Tommy Olofsen, chair of OSM Maritime.
Seatankers Hires Investment Chief, Invites Outside Capital
Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit.Vegard Soeraunet, until recently an investment director at Norway’s ODIN Fund Management, will be in charge of “long-term and active ownership” outside of Seatankers’s shipping and offshore oil services industries, the company said.“Getting the opportunity to take this to the next level with a new structure under Seatankers, is a great opportunity,” Soeraunet said in a statement.I
All-electric Autonomous RoRo Ships Under Development
Kongsberg Maritime and Massterly (a Kongsberg Wilhelmsen joint venture) have signed contracts with the Norwegian grocery distributor ASKO to equip two new all-electric vessels with autonomous technology, and to manage their operations at sea.ASKO, which currently transports its cargo by more than 800 trucks daily, is investing heavily in environmentally friendly technologies such as electric and hydrogen-powered vehicles. At present, road transport is the single mode of transportation…
Interview: Christine Spiten, WWF & Cleaning Up Ocean Plastics
Christine Spiten, Nor-Shipping’s latest #ACTION hero, is profiled here, explaining how she left Blueye for the WWF and a mission to stop the ocean's plastics problem the problem at its source. “Eight million tons.”Christine Spiten lets the number sink in for a second … “That’s how much plastic enters the sea every year from our cities and rivers. It threatens not just local ecosystems and the wider environment, but also us – our food sources, our livelihoods, our very existence. It is the fastest growing environmental problem we face. And it demands action.
Yara Marine Launches Start-up Accelerator Program
Norway-based Yara Marine Technologies says it is running a competition for start-ups to accelerate the growth of technologies and solutions that will contribute to a greener maritime industry.“Our corporate mission is to nurture the next generation of high value, high performance sustainable ocean technologies,” says Yara Marine CEO Thomas Koniordos. “With this new program, we are seeking to position Yara Marine in the global start-up space while developing new opportunities for…
Isle of Man Ship Registry’s QUALSHIP 21 Status Confirmed by USCG
The Isle of Man Ship Registry has retained its place within the United States Coast Guard’s QUALSHIP 21 program, designed to recognize foreign-flagged vessels that maintain the highest safety and quality standards.Isle of Man Ship Registry director Cameron Mitchell said continued inclusion in the scheme through to July 2021 was great news for the registry and its clients, representing further independent verification of the quality of the Manx fleet.Entry into the program is based on data gathered during Port State Control inspections in the United States.
Governments Pledge Crew Change Action
A dozen countries have have committed to facilitate crew changes and achieve key worker designation for seafarers, following a virtual ministerial summit hosted by the U.K. government on Thursday, marking progress to help resolve a growing crisis facing the maritime industry, and enable hundreds of thousands of stranded seafarers to go home or join ships.“The inability of ship operators worldwide to conduct ship’s crew changes is the single most pressing maritime operational challenge to the safe and efficient movement of global trade…
Optimarin Completes IMO G8 and USCG Test Program
Norwegian-based ballast water treatment (BWT) systems manufacturer Optimarin informs it has completed testing of its Optimarin Ballast System (OBS) in accordance with the revised IMO G8 guidelines, while also upgrading its existing U.S. Coast Guard (USCG) approval certificates to ensure compliance for zero to two hours holding time.The testing procedures were conducted at the NIVA test facility in Norway from September 2019 to the end of June 2020, with DNV GL operating as the designated Independent Laboratory. Tests were conducted with two different filters simultaneously.
Van Aalst Group Launches Nortek Services AS
To provide preventive and predictive maintenance services, combined with workshop services for clients operating worldwide in the offshore oil, gas, marine and renewables industry, the Dutch Van Aalst Group recently set up Nortek Services AS in Kristiansand, Norway.According to Wijnand van Aalst, CEO of the Van Aalst Group and Safeway, the initiative to launch Nortek stems mainly from the rapid growth currently taking place at a number of Van Aalst companies. Safeway from the Netherlands has achieved success with its motion-compensated gangways and Techano in Norway…
Frank About the Future
Inchcape Shipping Services (ISS) CEO Frank Olsen opens up on the challenges of COVID-19, the benefits of a global network, and a fundamental shift in the established ships agency marketplace. Change, he says, is coming.“I haven’t spent this much time in Norway, without international travel, since I was at school,” laughs ISS CEO Frank Olsen over a call on Microsoft Teams.With a career that’s taken in seven years at sea, mostly on RoRos with Wallenius Wilhelmsen, living in Costa Rica (where he briefly captained a dive vessel)…
New Report Outlines Big Potential for Offshore Wind
Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades, the rapidly maturing offshore wind market is expected to become a trillion-dollar business as the pace of installed capacity growth accelerates…
Enger Named CEO of Höegh Autoliners
Andreas Enger will replace Thor Jørgen Guttormsen as CEO of Höegh Autoliners effective September 8, 2020.Enger has served as an advisor to Höegh Autoliners for more than a year and became CFO in September 2019.Prior to joining Höegh Autoliners, he was a partner at Deloitte, leading its Nordic strategy practice. Earlier in his career Enger was a partner at McKinsey & Co and subsequently held senior executive positions at Norske Skog, PGS and Peterson Packaging. He holds a MSc in Engineering Cybernetics from NTNU in Norway, and an MBA from INSEAD in France.
Shipping Plan Would Reel International Emissions into EU Carbon Market
The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions.Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting targets, but the EU's executive has said the sector must contribute to its trillion-euro push to achieve a "climate neutral" economy by 2050.It wants to curb shipping's carbon footprint by adding it to the Europe-wide emissions trading system (ETS)…
Tech Talk: Wallenius Wilhelmsen Puts Hull Grooming to the Test
Even as shipowners enjoy record low bunker fuel pricing, the search for hull cleaning and fuel-saving optimization continues. Jotun, which recently launched 'hull skater' hull grooming, found a willing partner in Wallenius Wilhelmsen -- an operator of a fleet of 126 RoRo vessels, 11 marine terminals and 71 processing centers globally -- to put the hull skater to the test.For the past decade, Wallenius Wilhelmsen has produced an annual Sustainability Report, describing initiatives undertaken to reduce the company’s emissions and safeguard life below the water line, among other target areas.
Sailing Beyond Coronavirus
A new reality demands a new approach. Asbjørn Halsebakke, Product Manager, Yaskawa Environmental Energy / The Switch, argues that we can’t afford to let the greatest opportunity within the current crisis slip away.We can’t celebrate a pandemic. People are dying. Economies are crashing. Unemployment rates are rocketing. We are distanced – from those we love, but also from our immediate past. Life as we know it has been turned upside down. So, we can’t celebrate. But nature can.Instant impactAs we have retreated into our homes, the natural world has come out to play.
National WISTA Associations Offer Free Membership for Seafarers
The Women’s International Shipping and Trading Association announced a new initiative aimed at helping seafarers.WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to offer free WISTA membership for seafarers through August 31, 2020. Membership allows seafarers to access the largest network of female managers in the shipping industry, as well as online seminars, webinars and workshops. The idea for the project came from WISTA Norway.Pia Meling…
Interview: A Return to Wind Power with Tuomas Riski & Norsepower
Norsepower CEO and co-founder Tuomas Riski has put a new spin on some established technology, bringing wind power back to shipping in an undeniably eye-catching manner. Here Nor-Shipping’s latest ‘Ocean Action Hero’ explains the benefits of his firm’s unique technology, his plans for building global market presence, and the key role Norsepower’s sails can play in enabling a more sustainable shipping industry. “But isn’t there a problem that some people think it looks, you know… a bit odd?” Tuomas Riski laughs at a question that you quickly get the feeling he’s dealt with before.
Motive Offshore Appoints Leith
Motive Offshore Group appointed David Leith as Rentals Division Manager.Motive Offshore Group has also reported an impressive start to 2020 for its Rentals division, with first quarter results exceeding initial expectations.Launched in 2010 by James Gregg and Dave Acton, Motive Offshore Group is headquartered in Boyndie, Banff, Scotland, with additional offices in Aberdeen, Houston, Norway and the Middle East.
Record Oil Output Cuts Fail to Make Waves in Coronavirus-hit Market
The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said.After several days of discussions, oil producing and consuming countries aim to remove nearly 20 million barrels per day (bpd) or 20% of global supply from the market, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday.The oil market has barely shrugged, however: Brent crude gained 1.5% on Monday, while U.S.
Saudi, Russia Closing in on Record Oil Cut Deal
OPEC and it allies held talks on Thursday on record oil output curbs of about 15 million barrels per day (bpd) or more, roughly 15% of global supplies, to support prices hammered by the coronavirus crisis, sources involved in the discussions said.They said the plan included cuts of about 5 million bpd from producers outside the group known as OPEC+ and could be made gradually, as the group seeks to overcome resistance from the United States whose involvement they see as vital to a deal.Talks have been complicated by friction between OPEC leader Saudi Arabia and non-OPEC Russia…
OPEC+ Outlines Record Oil Production Cut; Mexico Balks
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.But the group, known as OPEC+, said a final agreement was dependent on Mexico signing up to the pact after it balked at the production cuts it was asked to make. Discussions among top global energy ministers will resume on Friday.The planned output curbs by OPEC+ amount to 10 million barrels per day (bpd) or 10% of global supplies…
Liberian Registry Opens Oslo Office
The Liberian Registry announced it has opened a new full-service office in Oslo, its fourth new office opened since 2019, as the Registry continues to grow its global network.The Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry, said Hege Solstad has been named General Manager of the Norwegian office.Hege Solstad brings to maritime experience to the role, both in Norway and internationally, after a career with Wilhelmsen Ships Service as Regional Director in Norway…
Saipem Inks Deal with Equinor on Floating Solar Farm Tech
Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy," said Moss Maritime Chief Executive Ida Husem.Saipem, a market leader in subsea construction for the oil and gas industry…
OSM to Install TM Master on Fleet
OSM Maritime Group extended its partnership with Tero Marine, as the Norwegian tech company now prepares to install its TM Master suite on the remaining OSM fleet globally.The frame agreement with Tero Marine means that all vessels with various planned maintenance systems across the OSM fleet would be standardized on TM Master. TM Master is currently installed on close to 70 vessels across OSM’s Norway and Singapore managed fleets. With OSM’s vision in the ship management segment…
USCG Advises on Minimizing Novel Coronavirus at Sea
The Coast Guard Assistant Commandant for Prevention Policy has published an update March 16, 2020 to MSIB: Novel Coronavirus – Update (Change 2)An outbreak of respiratory illness caused by a novel coronavirus (COVID-19) may affect mariners and maritime commerce. The Centers for Disease Control and Prevention (CDC) has updated their Interim Guidance for Ships on Managing Suspected Coronavirus Disease 2019 (see https://go.usa.gov/xdfyG) and Cruise Ship Travel (see https://go.usa.gov/xdfVP).Illness…
Yamal LNG Resumes Loading Operations in Norway
Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data, the Arc7 tanker Vladimir Vize is due to arrive at the Norwegian Arctic port of Honningsvag on April 1, carrying a cargo from Yamal LNG.The data also showed that an empty Arc4 tanker…