DP World Launches $9 Billion Financing
UAE global port operator DP World has launched a $9 billion financing into a targeted syndication process involving less than 10 banks, according to banking sources.The financing, which backs the borrower's privatization, was expected to sell down in a general syndication, but instead DP World decided to offer the deal to a select group of relationship banks.“(The deal is) going out to less than ten relationship banks that have already showed interest in the deal but were unable to join in the senior phase…
Hanlon will Retire as COVE CEO
Jim Hanlon has announced his plans to retire as Chief Executive Officer of the Center for Ocean Ventures and Entrepreneurship (COVE) in 2020.“I’m really proud of what we have accomplished at COVE”, said Jim. “At COVE, we’ve created a world-leading environment for ocean technology companies to come together and grow the ocean economy. It’s not a big surprise to the organization that I’m retiring, and I’m looking forward to seeing where COVE’s next leader will take us as COVE continues to grow and change”Hanlon…
PORTS: Halifax goes Digital
The Port of Halifax, Nova Scotia, has implemented a ‘digitalization program’ to make it one of the most efficient and user-friendly ports on the eastern seaboard.Spanning 260 acres of federal land, Halifax Port Authority in Nova Scotia, Canada manages a diverse range of port properties and assets and, through its long-term capital plan, is steadily and strategically growing the size and capabilities of the port. HPA plans to produce a collection of assets designed to make Halifax…
Rapid Reaction: Emergency Training Saves Lives
How to get out of an upturned helicopter in the sea – fast!Based in Dartmouth, Nova Scotia, RelyOn Nutec Canada supplies a large number of services to the maritime sector ranging from strategic planning to the delivery of effective training programs. The company’s products and services include training delivery and management, competence management and crisis management, providing support not only to individuals in building their career skills but also to national and multinational companies in organizing their training…
Self-Unloaders in CSL Pool Sold to Algoma
Oldendorff has sold the three remaining self-unloaders still operating in the CSL Pool: Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) for US$100.5 million to Algoma Central Corporation who is the third partner in the CSL Pool. The vessels are expected to deliver to Algoma around the middle of 2019. All three vessels have been trading in the CSL Pool on the East Coast of North and South America since…
Containership Ablaze Off Canada's East Coast
German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.A spokesman for Hapag Lloyd said the fire broke out on Thursday in a container on deck and spread to some other containers on the vessel, but the cause was not yet known.The 7,519 twenty foot equivalent ship was on its way from Colombo, Sri Lanka to Halifax in Nova Scotia via the Suez Canal…
KNUD E. HANSEN Expands in Canada
Naval architecture and marine engineering firm KNUD E. HANSEN has set up a permanent presence in the east coast port of Halifax, Nova Scotia, allowing the Denmark based company to increase its focus on Canada’s growing maritime sector as well as the increased demand for Arctic ship tonnage.Halifax will serve as the home base for senior naval architect and project manager Sam Stark, who has been with the company since 2013. Stark is tasked with increasing awareness of KNUD E. HANSEN…
ABCO Industries to Build New Arctic, Offshore Patrol Ships
Irving Shipbuilding, Canada’s National Shipbuilder, has awarded an $8.9 million contract to ABCO Industries Limited (ABCO) for the design and construction of 12 metre landing craft for the Royal Canadian Navy’s Harry DeWolf-class Arctic and Offshore Patrol Ships (AOPS). Halifax Shipyard is constructing up to six AOPS as part of the Government of Canada’s National Shipbuilding Strategy (NSS). Each AOPS will have one custom designed 12m landing craft onboard. The landing craft will be used by Royal Canadian Navy to deploy vehicles…
Maersk Line Rolls out Exclusive Transatlantic Service
Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly service will be a five-vessel rotation stopping in Salerno and La Spezia (Italy), Fos-sur-Mer (France), Algeciras (Spain), Montreal and Halifax (Canada), and Valencia (Spain). Other Mediterranean…
APA Chooses MSRC for Pilot Training
Canada's Atlantic Pilotage Authority (APA) once again chose the Maritime Simulation and Resource Centre (MSRC) as its preferred training organization for specialized SEAiq training on Portable Pilot Units (PPUs). A total of 16 pilots from Cape Breton Island Pilotage were trained by MSRC's Captain Bernard Cayer in Port Hawkesbury, Nova Scotia. PPUs are mobile devices such as laptops or tablets that can plug in to a ship’s navigation system, giving pilots added situational awareness, including access to real-time downloadable local navigational information.
Canadian Fleets, Seaway Invest $160 Mln for 2017 Season
Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast, according to the Chamber of Marine Commerce. Canadian ship owners have invested an estimated $70 million to maintain and upgrade their vessels during the winter months — an annual exercise that keeps their vessels in tip-top shape to safely and efficiently deliver goods for North American businesses. The St.
Halifax Port Gears for Busiest Cruise Season
The 2017 cruise season in Halifax will be the busiest to date. A record number of passenger visits and vessel calls will get underway on April 24, 2017 with the arrival of the Amadea, a Phoenix Reisen vessel. “We are very excited about the year ahead,” said Cathy McGrail, Interim Vice President, Operations, Halifax Port Authority. From April 24 to October 31, the Port of Halifax is expecting 179 vessel calls carrying approximately 275,000 cruise guests. For local tourism providers, planning for the upcoming season is well underway.
New Plans for Nova Scotia Container Facility
Ports America and Sydney Harbour Investment Partners (SHIP) have announced an agreement for the promotion, development and management of Novaporte, the marine container facility in the Port of Sydney, Nova Scotia. SHIP has exclusive development rights to approximately 500 acres in the Port of Sydney and, with the support of Ports America and a specially formed development group, will build a dedicated, semi-automated, deep-water marine container facility capable of handling 18,000+ TEU vessels. Building will commence after establishing sufficient customer volume commitments.
Cutter Tahoma Returns Home
The Coast Guard Cutter Tahoma returned to their homeport of Kittery, Maine, Sunday after a 65-day offshore patrol in New England waters. The Tahoma's efforts were in support of the Coast Guard’s Operation Atlantic Venture, which focused on the safety of sea life and the enforcement of fisheries laws and regulations on commercial and recreational fishing vessels in the Atlantic from Maine to Northern New Jersey. This included protection of closed fishing areas and the prevention of overfishing. Over the course of the nine-week patrol, the crew conducted 56 at-sea law enforcement boardings.
Bear Head LNG GHG Management Plan Approved
Bear Head LNG Corporation Inc. (Bear Head LNG) received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia. The GHG Management Plan provides Bear Head LNG’s strategy for managing GHG emissions through technology selection, design of the facility, and operations. “Approval of Bear Head LNG’s GHG Management Plan is welcome news,” said Greg Vesey, Managing Director and CEO of LNGL and President of Bear Head LNG.
LNG Names New MD
Australia's Liquefied Natural Gas Limited (LNGL) has appointed Chevron executive Greg Vesey to replace company founder Maurice Brand as managing director and chief executive. Brand will continue on with LNG as an executive director until his retirement in June next year. Vesey, a 25-year veteran of Chevron, will be based in Houston, Texas. Greg brings a wealth of experience through his 35 years with Chevron Corporation where his responsibilities most recently included Chevron's Global Gas marketing and trading activity including extensive LNG development work.
Unsolicited Bid by Davie Shipyard
Quebec-based Chantier Davie Canada Inc. presented a bid, potentially worth up to a billion dollars, to the federal government last month offering a Polar Class 3 icebreaker, three smaller River-class icebreakers and two multi-purpose research, border control and search and rescue ships, says a report in the Canadian Press. The proposal by Quebec-based Chantier Davie Canada Inc. has the potential to undercut one pillar of the national shipbuilding strategy, which delegates the construction of civilian ships to Vancouver's Seaspan shipyard.
OpenHydro Claims Accolades for Innovation
Tidal energy developer OpenHydro, a DCNS company, has secured honors at this year’s Engineers Ireland Excellence Awards and SEAI Sustainable Energy Awards. At the Engineers Ireland Excellence Awards, OpenHydro won the Tech Innovation Award for its Turbine Control Center, while employee Andrew Carlisle secured the International Engineer of the Year award. At the SEAI Sustainable Energy Awards, OpenHydro also won the coveted Innovation Award for its tidal turbine technology. OpenHydro…
MV Miner Cleanup Complete
The Cape Breton community is celebrating after the last scraps of a rusting shipwreck were finally hauled from the shores of Scatarie Island. Nova Scotia Lands has been overseeing the cleanup work removing the final remnants of the ill-fated MV Miner from Scatarie Island off Cape Breton. "This vessel was a concern for environmental, for safety, for economics,” said Nova Scotia Transportation Minister Geoff MacLellan. Antigonish contractor R. J. MacIsaac has removed the last bits of scrap and the workers camp from the shoreline where the bulk carrier ran ashore more than four years ago.
Cohen Retires from ExxonMobil, McCarron to Takeover
Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation, has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president, Public and Government Affairs, Exxon Mobil Corporation. McCarron is currently general manager, Public and Government Affairs, and president, ExxonMobil Foundation, the primary philanthropic arm of the Exxon Mobil Corporation in the United States.
USCG, Royal Canadian Navy Conduct Jt Exercise
U.S. Coast Guard crews from Southeastern New England conducted various evolutions with the Royal Canadian Navy to train and improve the inter-operability of the two nations’ militaries and surface search and rescue assets. Coast Guard Station Woods Hole, Station Provincetown, and Air Station Cape Cod and HMCS Summerside conducted homeland security, anti-terrorism, search and rescue, and medical evacuation operations. The training commenced in Buzzards Bay, Monday with a Coast Guard Station Woods Hole 29-foot Response Boat Small simulating a boat protesting against the Royal Canadian Navy.
Crew Missing from Cruise Ship
The Queen Mary 2 cruise ship called off the search for a crew member late Saturday after he went overboard off the coast of Newfoundland. Colleagues on the Cunard vessel spent five hours looking for the man as they made their way from Southampton to Halifax, Canada. A spokeswoman of Cunard cruise line said the search has now been called off. The company has not released the name, occupation or nationality of the missing crew member, who is not thought to be British. She said: "A search was carried out for a missing crew member on Queen Mary 2.
CMA CGM Vivaldi Docks at Halifax Port
The Port of Halifax, Nova Scotia, may be getting a new lease on life with the arrival on August 3 of the CMA CGM Vivaldi at Halterm International Container Terminal. The 8478-TEU, 334-metre long Vivaldi is the largest container vessel to berth at Halterm and on Canada’s East Coast. Up till now, the biggest container vessels calling at Halifax were in the 7500-TEU range. CMA CGM Vivaldi docked with a cargo of containers from China, Vietnam and Malaysia for import into Canada and outbound containers for the ship’s next ports of call — New York, Norfolk and Savannah.
Canada Invests in a Greener Coast Guard College
Canada’s government has invested nearly $11 million to date for improvements and repairs to the Canadian Coast Guard College. The government of Canada is investing $8.6 million to replace the college’s roof, addition to $2.3 million already devoted to upgrading the emergency electrical system, announced transport minister Lisa Raitt on behalf of the fisheries and oceans minister Gail Shea. The investments aim to further reduce the college’s energy consumption while ensuring it maintains international standards for marine safety and environmental response training.
Oil Leak Contained at MV Miner Site
On-site workers acted quickly to contain an oil leak during the final stages of removing the wreck of the MV Miner off Scaterie Island, says the government of Canada’s Nova Scotia province. About 800 litres of oil was collected after a leak occurred during demolition of the wreckage of the MV Miner off Cape Breton's Scaterie Island. “Thankfully, the contractor already had preventative actions in place and contained the spill immediately,” said Transportation and Infrastructure Renewal Minister Geoff MacLellan.
LR Establishes Applied Technology Group
The Applied Technology Group (ATG) describes is a team established with the goal of providing expanding technology leadership capabilities, multidisciplinary consulting services, the development of engineering analysis software and specialized contract research services in Canada and globally across the Lloyd’s Register (LR) Group. The Lloyd’s Register Applied Technology Group consists of 50 people in two locations in Canada, - Halifax, Nova Scotia and in Ottawa. •Public Safety: The development and application of explosive modeling and structural response analysis to protect soldiers…