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Saturday, January 18, 2020

Norway News

Sidsel Norvik  (Photo: Nor-Shipping)

Nor-Shipping Appoints Norvik

Nor-Shipping has appointed Sidsel Norvik to the new role of Commercial Director. Norvik joins following a stint as CEO of Energy Show Norway, two decades as Commercial Director for Upstream, and 10 years with Recharge, a news platform for renewable energy. Norvik will now be charged with working on exhibition sales and spearheading Nor-Shipping’s ground-breaking Blue Economy Hall, promoting the ‘Blue Talks’ and showcasing firms and ideas that accelerate innovation, competency and sustainable business opportunities.Nor-Shipping 2021 takes place at the 22,500 sq.

Image by  LNGSTS

LNGSTS Hits 112 STS LNG Transfers in 2019

LNGSTS, a unit of Teekay Tankers, has closed the year 2019 with a record number of 112 open water liquefied natural gas (LNG) ship-to-ship (STS) cargo transfers.From November 2018, until July 2019, LNGSTS was the technical and manpower service provider for the largest ever LNG ship-to-ship project, located in Honningsvag, Norway, the company said in a press release.Under the challenging Arctic conditions, LNGSTS completed 123 STS operations from 11 different ARC7 vessels to 14…

Kevin Murphy, Deputy CEO. Photo: Ocean Installer

Ocean Installer Appoints New CEO

Ocean Installer has announced the appointment of Odd Strømsnes as the company’s new CEO as company enters new growth phase and addresses offshore wind market.The Norwegian subsea contractor said in a press note that the interim CEO Kevin Murphy will continue as Deputy CEO.Strømsnes was most recently managing director at TIOS, a TechnipFMC and Island Offshore joint venture, and has more than 25 years of experience from the global subsea industry holding various senior executive and board roles.

Image: Flex LNG

Flex LNG Tanker Wins Endesa Charter

Norway-based shipowner Flex LNG announced that it has entered into a new time charter with the Spanish utility Endesa for the vessel Flex Ranger.Endesa is a leading company in the Spanish electricity sector and the second largest operator in the Portuguese market as well as a subsidiary of Enel Group.The firm period under the new time charter is 12 months and will commence in direct continuation of an existing time charter with Enel which expires on or about June 2020, said a…

Image: Wilhelmsen

Wilhelmsen, NorSea Join Forces for Hydrogen

The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for maritime applications in Norway.The environmentally friendly liquid hydrogen can be offered to commercial shipping in large scale supply within first quarter 2024, claimed the companies.Together with major industry players such as Equinor, Viking Cruises, Air Liquide, and more, this is a huge and important step towards a sustainable future…

Image: Lindblad Expeditions

National Geographic Endurance Floats Out

Lindblad Expeditions Holdings, a global player in expedition cruises and adventure travel experiences, has celebrated the float out of National Geographic Endurance in Ulstein Verft, Norway.The first polar newbuild for the line, the 126-guest vessel is fully stabilized with the highest ice class (PC5 Category A) of any purpose-built passenger vessel, according to a press release.The vessel is scheduled for delivery in January 2020.Read Maritime Reporter & Engineering News' feature…

The strategic cooperation agreement was signed by Qian Jianping, Vice President of CSSC, and Norbert Kray, Regional Manager for Greater China at DNV GL – Maritime. Photo: DNV GL

CSSC, DNV GL Deal for Futuristic Shipping

The largest shipbuilding group in the world, China State Shipbuilding Corporation (CSSC), has entered into a new strategic partnership with DNV GL, the international accredited registrar and classification society headquartered in Høvik, Norway.A framework agreement between both parties was signed by Qian Jianping, Vice President of CSSC, and Norbert Kray, Regional Manager for Greater China at DNV GL – Maritime. The ceremony was witnessed by Remi Eriksen, Group President & CEO of DNV GL…

Image: WiseTech Global

WiseTech Global Acquires Ready Korea

Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution, which facilitates the lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verification, along with bonded warehouse management.Ready Korea also…

The Godmother of MV Barracuda, Ms. Su Yin Anand, Head of Legal at South32 Marketing Singapore and Captain Dan Cracium of MV Barracuda at the Naming Ceremony. Image: KCC

KCC Names MV Barracuda

Norway-based shipowner Klaveness Combination Carriers (KCC) has named its second CLEANBU vessel, MV Barracuda, after it completed a first switch between dry cargo and a cargo of clean petroleum products (CPP).MV Barracuda was named at anchorage outside Singapore by Ms. Su Yin Anand, head of Legal at South32 Marketing Singapore, one of KCC’s largest customers.As all the other CLEANBU vessels, MV Barracuda was named after a “sea creature” to show KCC’s commitment to clean oceans…

Pic courtesy: Golden Ocean

GOGL Profits Up in Q3

The Bermuda registered, Norway based dry bulk shipping company Golden Ocean Group (GOGL) announced a net income of $36.7 million and earnings per share of $0.26 for the third quarter of 2019 compared with net loss of $33.1 million and loss per share of $0.23 for the second quarter of 2019.EBITDA stood at $81.1 million for the third quarter of 2019, compared with $21.5 million for the second quarter of 2019.Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS…

Pic: 2020 Bulkers

Koch Extend Charters for Two 2020 Bulkers

Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and TradingUnder the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue working for Koch for another 11-13 months at an index linked rate reflecting a significant premium to the Baltic 5TC index.The time charters also include a sharing of the economic benefit from the scrubbers from January 1st, 2020, with the majority of the benefit accruing to 2020 Bulkers.As part of the agreement…

Image: AG&P

AG&P Invests in Kanfer Shipping, Eyes LNG

Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering. Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets."Kanfer has captured the attention of the global LNG maritime infrastructure industry with its patented…

© Anatoly Menzhiliy / Adobe Stock

Oil and Gas Ushers Norway Trade Rebound

Norway's trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.The surplus for October stood at 5.9 billion Norwegian crowns ($645.22 million), and followed a deficit of 1.4 billion crowns the previous month.September's deficit, only the third negative reading of any individual month this century, was caused by a sharp fall in natural gas exports as producers held back production amid a slump in prices.(Reporting by Terje Solsvik)

Pic: Gasum

Gasum on an Acquisition Spree

Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG."These acquisitions will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport," said a press note.The transaction will improve access to competitive natural gas and biogas…

Edwin W. Stephan, the founder, long time-president, and vice chairman of the board of Royal Caribbean Cruise Line. Photo: Royal Caribbean Cruise Line

Royal Caribbean Cruise Founder Dies

Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family," said a statement from the global cruise company said.In 1969 Stephan founded the Royal Caribbean Cruise Line, and his contributions helped create the modern cruise industry we know today. Under his leadership in 1970, the company launched Song of Norway, the first ship purpose-built for warm-water cruising.Since that initial voyage…

Graph: Rystad Energy

E&P Companies Struggle on RoI

International  exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned since 2010 and ranked them by estimated value per barrel of oil (boe) under various oil price scenarios. The return on investment (RoI) figures were not up to the mark.The sanctioning activity was record-high during the strong investment cycle from 2010 to 2014…

Image: Prosafe

Norway Rejects Prosafe-Floatel Merger

The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail, and expects to decide on whether to appeal shortly and within the deadline within three weeks.The company owns and operates semi-submersible accommodation vessels operating at present in the North Sea…

Pic: Clean Marine AS

Clean Marine, FMSI to Merge

Scrubber manufacturers and suppliers Clean Marine and FMSI have unveiled their intention to merge in order to create a bigger market share in the exhaust gas cleaning system (EGCS) segment.The combined entity, which will operate under the name Clean Marine, will provide a fully integrated offering, including Original Equipment Manufacturer (OEM) expertise, significant capacity, fast production times, project management and global after-sales services.Further announcements will…

Photo: Nortek

Change of Management for Nortek

After over two decades at the helm of Nortek, a specialist in oceanographic instrumentation, Atle Lohrmann is taking on new challenges at newly started Hefring Engineering in Boston. Nortek’s new CEO, Finn Ivar Marum, has been entrusted with the task of ensuring Nortek’s continued growth.Nortek was established in 1996, when Atle Lohrmann set up offices outside Oslo, Norway, and started building up production capacity for Doppler instrumentation.Since then, Nortek has grown rapidly, with its revenues increasing from $985,000 in 1996 to $24.6 million in 2018.

Pic: DNV GL

Corporates Pledge for Healthy, Productive Ocean

30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.UNGC is a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption.The signatories to the principles include the container ship and supply vessel operator A.P.

Yxney, Grieg Connect Team Up with NOx Fund

The data analytics duo Yxney Maritime and Grieg Connect are partnering with the Norwegian NOx Fund to develop a data-driven digital solution for automated NOx emissions reporting. Solstad Offshore and ferry operator Fjord1 will participate in the pilot phase of the project.The Norwegian NOx Fund records NOx emissions from all vessels operating in Norwegian waters and collects a fee for emissions per vessel. Calculating and reporting emissions has historically been a manual chore for shipowners…

Helle Hammer, IUMI Policy Forum Chair

Boxship Fires: Time for Action, says IUMI

This year has already seen an alarming number of container ship fires including Yantian Express, APL Vancouver, Grande America, E.R. Kobe and KMTC Hong Kong.The escalation is of growing concern to IUMI (International Union of Marine Insurance) who used a recent forum to call for an urgent improvement to onboard firefighting systems.At a conference in Arendal, Norway, organised by marine insurer and P&I Club, Gard, and attended by IMO, flag states, shipowners, salvors, class, and insurers…

Image: 2020 Bulkers

2020 Bulkers Fixes with Glencore

Norway-based shipowner 2020 Bulkers  has entered into a time charter agreement for its newcastlemax newbuilding Bulk Shanghai with a subsidiary of Glencore.The vessel will commence a 11-13 month time charter upon delivery from New Times Shipyard in early November 2019 and will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index, said a press note from Bermuda-based new bulk carrier company.The time charter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber…

Photo courtesy of Seagull Maritime

Seagull Maritime Acquires COEX

Onboard training provider Seagull Maritime acquires 50% of the shares in COEX. COEX, based in Bergen, Norway, are delivering solutions within General Document Management, HSEQ and Procedures, Project Management and Personnel Management for the Maritime and Oil & Gas Industry.“Information overflow” is a well-known problem for most companies today. The volume of unstructured information, like documents, e-mail, pictures are doubled every 12 months. The COEX solutions are ensuring that customers gain control over their data and can set up automated workflows…

Image: Hapag-Lloyd Cruises

Vard Delivers Hanseatic Inspiration

Vard, a Fincantieri subsidiary, has delivered the new Hanseatic Inspiration to Hapag-Lloyd Cruises, the second in a series of three 230-guest luxury expedition ships for the German cruise operator.With her close to 16,000 gross tons and 139 meters long, “Hanseatic inspiration” follows sister ship “Hanseatic nature”, delivered in April by Vard Langsten in Norway, while a third vessel, “Hanseatic spirit”, is scheduled for completion in 2021.Each ship is tailored to allow passengers to access remote regions…

Photo courtesy of NaviGate Expo

NaviGate2020 set for Turku, Finland

A new exhibition, Nordic Maritime Expo 2020, is set to take place in Turku, Finland, January 22-23, 2020.Billed as a presentation of the latest digital and clean tech ideas, Finland touts itself as the heart of global digitalization and green technical developments.NaviGate2020, the Nordic Maritime Expo will take place on January 22nd and 23rd 2020 in the Finnish city of Turku. It is the place to be to understand how Finnish and other leading shipping companies have begun embracing…