Buzby Sworn in as Maritime Administrator
Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao. As Maritime Administrator, Buzby will lead the agency tasked with promoting the use of waterborne transportation and its seamless integration with other segments of the transportation system; and the development and maintenance of an adequate, well-balanced U.S. merchant marine, sufficient to carry a substantial portion of the Nation’s waterborne commerce, and capable of service in time of war or national emergency.
Maersk to Face Price War
A.P. Moller-Maersk's main sea freight business faces the threat of a new price war in a consolidating industry, though the company has been fortified by the $7.5 billion sale of its oil and gas business to France's Total Reuters reported. Maersk, the world's biggest container shipping company, has shifted its focus this year from preserving market share to higher margins, a strategy that was helped by a recovery in freight rates, the report said. Reuters quoted Chief Executive…
CMA CGM Invests in NYSHEX Market
CMA CGM, a world leader in container shipping, is pleased to announce its participation in the first ever New York Shipping Exchange (NYSHEX) fundraiser, the first digital marketplace for ocean freight contracts. This investment is made alongside Hapag Lloyd, GE Ventures and Goldman Sachs, for a cumulative investment of $13 million. It is carried out through CMA CGM Ventures, the corporate venture structure recently created by the CMA CGM Group and dedicated to investments in innovative technologies.
Wison Granted AIP for Its Innovative Floating LNG Storage
Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max, this is the first large-scale FSRU barge design that has been granted AIP by a classification society. It also marks that Wison is now capable of providing comprehensive range of FSRU solutions catering LNG import markets with various scales of demand.
Shell Strengthens LNG Bunkering Business
The Hague-based LNG giant Shell has announced two significant milestones for its liquefied natural gas (LNG) marine fuels business in northwest Europe. Shell's ultra modern bunkership Cardissa Western LNG BV Trading Rotterdam BV (Shell) has arrived in Rotterdam. This seaworthy ship enables Shell to supply customers across Europe with liquefied natural gas (LNG) from the Gas Access to Europe (Gate) terminal in Rotterdam. The Cardissa can transport 6,500 m3 of LNG. Shell also finalised…
Hyundai Merchant in the Red in Q2
South Korea's Hyundai Merchant Marine (HMM) suffered an operating deficit of USD 112 million in the second quarter, the company said in a regulatory filing. The third quarter will bring much better results, says the carrier. Yonhap News Agency said that the company attributed operating loss in the second quarter due to the low season weakening container freight rates. Sales, however, jumped 22.1 percent on-year to 1.24 trillion won over the cited period when compared to a revenue of KRW 1,016.8 billion seen in the same quarter last year.
Qatar Shipper Milaha Starts Turkey Service amid Crisis
Qatar Navigation (Milaha), the Doha-based maritime and logistics group, has launched a direct shipping service between Qatar and Turkey amid a regional diplomatic crisis that has cut Doha cut off from three of its closest neighbours. Saudi Arabia, the United Arab Emirates (UAE), Bahrain, along with Egypt, cut diplomatic and trade ties with Qatar in June over its alleged support for terrorism and Iran - charges Doha denies. The four countries have banned Qatari vessels from docking at their ports, as well as flights to and from Doha.
MOL Breached South Korean Antitrust Law
The Fair Trade Commission of South Korea (KFTC) announced on August 21, 2017 that several companies including MOL have breached South Korean antitrust law with respect to car carrier services. "MOL and other shipping companies have been investigated by the KFTC due to the suspicion of antitrust law violation. MOL has fully cooperated with the KFTC during the investigation," said a press statement from the company. Though the KFTC announced that they found the violation of South Korean antitrust law and imposed a fine, MOL and its subsidiary company, Nissan Motor Car Carrier Co., Ltd.
Bahri Completes Registration Of ASLAF Under Saudi National Flag
National Shipping Company of Saudi Arabia Bahri announced that the Ministry of Transport under the supervision of the Public Transport Authority (PTA) has completed the registration of ASLAF, a Very Large Crude Carrier (VLCC) owned and operated by Bahri, under the flag of Saudi Arabia. The move reinforces Saudi Arabia’s position in the global maritime industry and gives a further boost to Bahri’s efforts to register all of its VLCCs – now numbering 39 – under the national flag by the end of 2017.
Deschenes Joins Bouchard as VP
Bouchard Transportation Co., Inc. said that Christopher Deschenes has joined the company as Vice President of Maintenance and Repairs. Prior to joining Bouchard, Mr. Deschenes served as a Project Engineer with Overseas Shipholding Group, Inc. as a member of the Worldwide Technical Service Group, supporting all new construction and capital projects for the foreign and domestic OSG tanker/ATB fleet. He then moved on to Ocean Tug & Barge Engineering, Inc. as Director of Engineering and Projects…
NORDEN Expands Tanker Fleet
NORDEN is in the process of increasing its tanker exposure. The purpose is to take advantage of the business opportunities provided by the fluctuations of the cyclical market, said a communicaion from the company. ”During the strong tanker markets throughout 2015 and the first half-year of 2016, NORDEN prioritised coverage. We therefore reduced the open capacity for 2017 and onwards. But in the wake of the decline in the market during the second half of 2016, we have again started to increase our capacity and exposure. And this is done at competitive prices,” says CEO Jan Rindbo.
DSME Bounces Back with USD 1 Bln Profit in Q2
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) said that its net profit reached 1.26 trillion won (USD1.1 billion) in the April-June period. According to a report in Yonhap, it posted a profit for the second straight quarter in the second quarter, largely thanks to cost-cutting measures and increased delivery of offshore facilities. The sales for the first half of the year amounted to KRW 6.1 trillion (USD 5.4 billion). The shipbuilder logged an operating income of 5 billion won in the second quarter…
Ghana Ports, IBISTEK JV for Multipurpose Terminal
The Ghana Ports and Harbours Authority (GPHA) has offered a concession to IBISTEK Limited, a Ghanaian firm towards the development and operations of a container and multi-purpose terminal at the Port of Takoradi. This is part of the Port Authority’s Master Plan and development efforts to equip the Port of Takoradi for future demands. The concession related project works and installations will be executed at a cost of $370million. The terminals, in the long term, could have the…
ADELTE Strengthens Its International Presence
Port cities like Miami or Barcelona are global benchmarks for cruise ship traffic. Their infrastructures must ensure efficient, incident-free travel for passengers and, of course, impeccable safety standards and quality of service. This year, ADELTE will install tailor-made seaport passenger boarding bridges, the most innovative bridges in the transport sector. Each port has unique needs. Every architect aims for something new. Each company is distinguished by certain qualities. But everyone agrees that boarding bridges should deliver comfort and safety for passengers.
Window Joins SIMWAVE as Navigation Manager
As of August 2017 Steve Window has joined SIMWAVE, the maritime simulation center in Rotterdam, the Netherlands. As the Manager for Navigation, Window will be responsible for overseeing all training and assessments on the various full mission bridge simulators that will be installed at the 5,000m² center. Prior to joining SIMWAVE Window worked for eight years at Warsash Maritime Academy, where he was head of bridge simulation. Having served for 21 years as an officer in the Royal Navy in a variety of roles…
NAMEPA to Honor Founding Chairman Maitland
The North American Marine Environment Protection Association (NAMEPA) announced that Clay Maitland will receive the organization’s Lifetime Achievement Award at an awards dinner in New York on October 26. Maitland, who is a Managing Partner of International Registries, Inc (Marshall Islands Ship Registry), is being recognized for his many industry accomplishments including being a NAMEPA co-founder. “Clay is one of the finest examples in our industry of a successful businessman who expends nearly as much energy on philanthropy,” said NAMEPA Chairman Joe Hughes.
Diana Reactivates Idle Containership
Diana Containerships Inc. said plans to reactivate one of its idle Panamax container vessels, the m/v Pamina, a 5,042 TEU container vessel built in 2005. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for the m/v Pamina. The gross charter rate is $9,500 per day, minus a 3.75 percent commission paid to third parties, for a period of minimum seven months to maximum 12 months. The charter will commence on September 13, 2017.
German Ship Agent Wins FONASBA Award
The FONASBA Young Ship Agent or Broker Award 2017, co-sponsored by International Transport Intermediaries Club (ITIC), has been awarded to Niklas Soltow of SCA Logistics GmbH of Kiel, Germany. Katy Aldrick of Seaforth (Kenya) Ltd also received an award for her paper on the threats and opportunities facing small independent shipping agents in East Africa. The award was introduced in 2015 and entries were reviewed and judged by a committee headed by former FONASBA President Gunnar J Heinonen which also included ITIC director Charlotte Kirk.
Crooks Joins Superior Industries
Superior Industries Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has named Mark Crooks as its vibratory product manager. Crooks’ responsibilities will include managing and further developing Superior’s vibratory product line, which currently includes the Guardian Horizontal Screen, Anthem Inclined Screen, and Intrepid Vibrating Grizzly Feeder (VGF). Crooks brings 20 years of experience and an expertise in product management, business development, and sales and channel management.
KBA Europe, Batok Offshore Partner in West Africa
KB Associates Europe Limited KBA(E) has announced a new partnership with the local representative – Batok Offshore and Oil Services Nigeria Limited for the arrangement of KBA(E)’s specialist training courses in country; such as Client Worksite Representative, Combined Diving System Assurance and FMECA Awareness, and Intensive FMECA courses, to be delivered in Lagos – Nigeria. The partnership aims to facilitate local training and consultancy provision to West African Consultants…
New Sales Manager with Dan-Bunkering in Middelfart
A/S Dan-Bunkering Ltd. has announced that Mikkel Søholm Vestergaard took up the position as Sales Manager in the head office in Middelfart after having been relocated to Houston for a period of two years as the Managing Director of the offices in North America. Mikkel was initially employed as Bunker Trader in the office in Middelfart back in 2002, and has until the timing of his return to Denmark a few months ago not only acquired thorough knowledge within bunker trading and shipping but also within management, HR, and staff development both in Denmark as well as abroad.
Crowley’s Busch Joins Sea Machines’ Board
Todd Busch, Sr. Vice President & General Manager, Technical Services, at Crowley Maritime, has joined Sea Machines Robotics’ board of directors. The Boston-based Sea Machines is building autonomous control technology for commercial vessels. Busch, who joined Crowley in 1987 as an ordinary seaman, is currently responsible for naval architecture and marine engineering, government services, ship management, marine salvage and wreck removal, new-vessel construction and the chartering and operations of Crowley’s offshore tug and barge fleet.
SM Line Joins INTTRA Network
INTTRA, the ocean container shipping industry electronic transaction platform and information provider, and container shipping provider SM Line announced an agreement that will expand INTTRA's reach in Korea and globally, while offering SM Line an advanced network to create value for its customers. As a result of the new carrier partnership, INTTRA will provide service through SM Line's intra-Asia and Asia-U.S. options, and others as the carrier expands. SM Line and its customers…
Port Canaveral Hosts Briefing on LNG as Maritime Fuel
“We know that natural gas is one of the cleanest, most environmentally-friendly fuels available today,” said Capt. John Murray, CEO at Port Canaveral, who recently hosted a briefing on the use of liquefied natural gas (LNG) as a maritime transportation fuel. The briefing was led by Federal Maritime Commissioner William Doyle, who has spoken extensively in support for natural gas as a marine fuel, especially with regard to meeting international environmental standards. Natural gas…
V.Group Acquires Graig Ship Management
Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels. This reputation, which has its roots as part of Graig Shipping PLC’s 100 year history and is supported by a global maritime workforce, has grown steadily over the past 25 years. Graig Ship Management will continue to operate independently within the V.Group portfolio.
CSS Earns QHSE Certifications for Crewing Services
Offshore and maritime recruitment company CSS Limited said it received certification in a further two internationally recognized QHSE standards: Environmental, ISO 14001:2015 and Occupational Health and Safety, OHSAS 18001:2007. (CSS Limited) Channel Ship Services received its first QHSE ISO certification in November 2016, Quality, ISO 9001:2015. Operational Director Christopher Inns noted that the CSS is one of a few maritime recruitment companies worldwide to have achieved all three ISO standards.
Ecochlor BWTS Receives USCG Type Approval
Ecochlor's patented BWTS has received USCG Type Approval. The Ecochlor BWTS uses a two-step process that includes filtration and treatment with chlorine dioxide (ClO2). It is completely effective on all aquatic invasive species regardless of water turbidity, salinity or temperature. “The Ecochlor BWTS works just as effectively as it did when first installed in a ship in 2004 without any fundamental changes," said Tom Perlich, President and Founder. "Since that first system was sold…
Euronav Responses to a Weaker Tanker Market
The Belgium-based crude oil tanker company Euronav has taken affirmative action in response to a weaker tanker background, said a press statement from the company. The Company has a strong balance sheet with low leverage and access to over USD 800 million of liquidity following its entry into the debt capital markets during Q2. High quality fixed income (the FSO vessels and 4 x 7 year Suezmax time charters) secured via strong relationships and with visibility to 2025 provides…
FMC Commissioner Doyle Weighs in on THE Alliance Proposed Amendment
Federal Maritime Commissioner William P. Doyle issued a statement addressing THE Alliance’s filing of an amendment to add further detail to protections in the event of an insolvency. I am pleased that The Alliance is seeking Federal Maritime Commission authority to form, contribute funds to, develop rules for, and administer a contingency fund designed to protect against the effects of one of the parties experiencing financial distress or an insolvency event. Parties to THE Alliance Agreement (Agreement No.: 012439) filed an amendment with the Federal Maritime Commission on August 7…
Scholarships Awarded to Coast Guard Families
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all U.S. Coast Guard members and their families, announced that in 2017 it has awarded a record 166 new scholarships. Combined with 10 multi-year scholarship recipients and three Fallen Heroes Scholars, the Foundation is currently assisting 179 students with a half-million dollars in support this year. In the 27 years of this program, the Coast Guard Foundation has paid out more than…
GranInvestimentos and Royal IHC Join Forces
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America. The association came into effect when IHC acquired a 50 percent share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services.
Maritime UK Chief Welcomes $8.6 Bln Infrastructure Project
Maritime UK Chairman, David Dingle, has welcomed the signature of a major construction contract to deliver the tunnels, bridges and earthworks for phase 1 of the HS2 project. The contracts cover works on both Stage 1 and Stage 2 of the high-speed rail 2 (HS2) project, and are worth an estimated £6.6 billion ($8.6 billion). "But while Maritime UK welcomes investment in infrastructure programs such as HS2, Britain's main priority must be improving connectivity, which will come with the construction of HS3.
Candito Takes over as Ecochlor CEO
Ballast water treatment systems manufacturer Ecochlor, Inc. has named Steve Candito as its new CEO, effective August 8, 2017. Candito succeeds retiring CEO, Charlie Miller, who will assist during the transition. Tom Perlich, Ecochlor Founder and President, said, “Charlie has been instrumental in Ecochlor’s growth over the last 15 years. During his tenure, we have put together a skilled and experienced team, and find ourselves positioned as a global front-runner in the BWT industry.
Hanjin Shipping: No Cash to Pay Creditors
Hanjin Shipping Co., the South Korean shipping company that caused havoc when it filed for bankruptcy, is struggling to raise enough money to repay $10.5 billion in creditor claims, WSJ reported. Hanjin has raised only $220 million by selling ships, stakes in seaport terminals and other assets to repay its more than 180 creditors. A trustee charged with Hanjin Shipping’s Korean bankruptcy case in in Seoul said Hanjin has raised about $220 million since filing for bankruptcy nearly a year ago. At least 180 creditors were present for the court hearing on June 1, 2017.
Brom Named CEO at Alphatron Marine
Bart Brom will take over as the next CEO of Alphatron Marine Group in Rotterdam, succeeding the company’s co-founder Luuk Vroombout at the start of 2018. After completing his studies in electrical engineering, Brom served in various management and executive positions at maritime electrical engineering companies such as Alewijnse, Bakker Sliedrecht and most recently Eekels Technology, where he is currently director and business unit manager for marine and offshore in Kolham. Brom will continue his career with Alphatron Marine Group as of September 1…
Hapag-Lloyd Doubles Reefer Cargo Share in Turkey
Following the merger between container carriers Hapag-Lloyd and UASC, Hapag-Lloyd Turkey has grown to now carry almost 500,000 TEU per year. One area in particular that is poised for growth is refrigerated cargo segment. After the integration of UASC, Hapag-Lloyd Turkey said it intends to continue growing its reefer market share, which is now at 6,000 TEU yearly. Turkey is a large producer of citrus, cherries, apricots, tomatoes, carrots, potatoes as well as other fruits and vegetables, and Hapag-Lloyd sees enormous potential particularly in Mersin, Iskenderun and its geographical hinterland.
Kamji Marine joins Green Award Scheme
Green Award Foundation has announced that their network of incentive providers has extended to China. Kamji Marine Agency Ltd entered the Green Award scheme. Kamji Marine Agency headquarted in Zhoushan with branch offices in Europe. The company is a husbandry agent (local agent in Zhoushan port and a general agent for all other Chinese ports. It offers a wide range of services such as sludge disposal, tanker cleaning, dry dock repair, technical repair, store & spare parts supply and acts as a SPRO agent.
Intermarine’s Grikitis to Receive AOTOS Award
Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel, New York City, on October 13, 2017. The Admiral of The Ocean Sea Award (AOTOS) has been presented annually by United Seamen's Service for the past 47 years. The AOTOS Award is given in…
KPI Bridge Oil Hires Lim
KPI Bridge Oil, a global trader and broker in marine fuels and lubricants, physical supply and specialist in marine risk management products, has announced the appointment of bunker and lubricant trader Brenda Lim at its Singapore office. Lim has more than six years’ experience in the industry, working as a dry bulk broker, in operations at a well-known shipping company and as a Bunker Trader for the past three years. She holds a Bachelor’s degree from The Singapore Institute of Management in Accounting and Finance.
Milaha Plans Base in Oman after Trade Hit by Diplomatic Rift
Qatar Navigation (Milaha), a top Doha-based shipping and logistics group, said it was shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar after a diplomatic crisis in the region disrupted Qatar's trade. Milaha is setting up a warehousing and logistics operation at Sohar, on Oman's northern coast, and is exploring other opportunities to expand in that country, the company said on Monday. The plan suggests Qatar is making long-term preparations to cope with sanctions imposed by Saudi Arabia…
South Korea’s 14 Cargo Carriers for Alliance
South Korea’s 14 container carriers will sign a memorandum of understanding next Tuesday to establish the Korea Shipping Partnership (KSP), the Korea Shipowners’ Association said, reported Pulse News. The move is to help the nation better compete in the global container shipping industry in the wake of Hanjin’s collapse, according to local media. The carriers, which include South Korea's largest, Hyundai Merchant Marine (HMM), and newcomer SM Line, will cooperate to increase their collective strength through several measures…
Essar Ports Ventures Overseas with Mozambique
India's Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a Public Private Partnership (PPP) project. The project will be executed on Design, Build, Own, Operate and Transfer (DBOOT) basis through a subsidiary, New Coal Terminal Beira, SA (NCTB SA), which is a joint venture of Essar (which will own 70) and Portos e Caminhos de Ferro de Moçambique (CFM, which will own 30%). The project will enhance the coal handling capacity of Mozambique by 20 MTPA in two phases of 10 MTPA each.
New Comms Director at Port of Long Beach
The Long Beach Board of Harbor Commissioners on Thursday approved the selection of Kerry Gerot to lead the Port’s Communications and Community Relations Division. The appointment is effective August 19. Gerot is currently the Public Affairs Officer for the Long Beach City Manager’s Office, a position she has held for almost three years. As Director of Communications and Community Relations for the Port, she will oversee media relations, crisis communications, community engagement and educational outreach at the Harbor Department.
Buzby Confirmed as MARAD Administrator
The U.S. Senate has confirmed Mark H. Buzby as the new administrator of the Maritime Administration (MARAD). MARAD executive director Joel Szabat had been serving in lieu of the administrator following the departure of outgoing administrator Paul “Chip” Jaenichen. Buzby, who was nominated by President Donald Trump in June, is a U.S. Merchant Marine Academy (USMMA) alumnus and retired U.S. Navy admiral with a military career spanning over three decades at sea and ashore. He was most recently president and CEO of National Defense Transportation Association (NDTA).
Shell Mulls Refinery Upgrade to Meet 2020 Sulphur Rules
Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulphur content of fuels used in shipping. In the past few days, Rheinland refinery representatives met local officials and environmental groups to present preliminary plans for an investment at the plant's 140,000-barrels-per-day Wesseling site, Shell said on the refinery's website. Shell is considering "a modernization of the residue processing unit at Rheinland refinery and to enhance the desulphurisation plant there"…
Hyundai Merchant US Volumes UP
South Korea's leading container carrier Hyundai Merchant Marine (HMM) will allocate more vessels to meet rising demand on U.S. routes in the coming months, reported Yonhap. HMM expects a shortage of container carriers on the high-traffic routes from August to October as U.S. customers want more products from China and Southeast Asia. Hyundai Merchant, which currently operates 110 vessels, will consult with its alliance partners such as Maersk Line of Denmark and Mediterranean Shipping Company (MSC) of Switzerland to decide on whether to increase the number of container ships…
Paris Kassidokosta-Latsis Rolls Out Ivy Shipping
Greek shipping heir Paris Kassidokostas-Latsis along with with two leading global investors formed a joint venture vehicle, Ivy Shipping LLC, with the primary purpose to invest in Supramax and Panamax dry bulk carriers. As a first investment move, Ivy Shipping proceeded to purchase four Supramax built in Japan. According to Deal News, the vessels expected to be delivered by the end of summer and managed by Marla Shipmanagement Ltd, the interests of Paris Kassidokostas-Latsis.
US, Panama Maritime Schools Partner
SUNY Maritime College said it has expanded its global reach by signing a memorandum of agreement with the International Maritime University of Panama, paving the way for further cooperation between the two institutions, including student and faculty exchange programs, collaborative research ventures and cooperative educational programs in a variety of areas including marine transportation and logistics, marine engineering, marine sciences and naval architecture. “Maritime College graduates enter a global industry,” said Dr.
DNV GL Performs Offshore Drone Survey
Classification society DNV GL said its surveyors have carried the group’s first offshore drone survey on the semisubmersible vessel Safe Scandinavia in the North Sea. The 25,383 GT tender support vessel (TSV) Safe Scandinavia is owned and operated by Prosafe, supporting Statoil’s drilling operations off the coast of Norway. Using camera-equipped drones, DNV GL’s drone pilots checked the TSV’s fairleads and their connection with the vessel’s two columns as part of the intermediate survey.
State Minister Buchholz Visits the Port of Kiel
Dr Bernd Buchholz, Minister of Economics, Transport, Labour, Technology and Tourism in the Federal State of Schleswig-Holstein, paid an official visit to the port of Kiel on August 1st. During a tour of facilities the minister was briefed on the latest prospects and investment projects in the port by Kiel Lord Mayor Dr Ulf Kämpfer and port chief Dr Dirk Claus. ”My impression that the port of Kiel is well-positioned and is very much holding its own competitively has been confirmed”, the Minister said.
New CEO Takes the Helm at Intermarine
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said its president and CEO, Al Stanley, has stepped down to pursue other opportunities. Stanley was succeeded by Andre Grikitis, who assumed the role of President & CEO of Intermarine, LLC and Industrial Maritime Carriers, LLC and is responsible for the international flag services. Additionally, Will Terrill has assumed the role of president and CEO of US Ocean, LLC and is responsible for the company’s U.S. Flag services.
Markets Under Pressure: FSL Trust Reports a $24.1M Charge
Citing declining vessel values and "volatile industry conditions," FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust, announced the Trust has taken an impairment charge of $24.1 million on eight vessels, and consequently a net loss of $21.8 million in 2QFY17. “Although the tanker and container markets remained under significant pressure in 2QFY17, our fleet continued to generate positive cashflows and the Trust has maintained its strong debt repayment momentum with over $60 million of debt repaid over the last 12 months…
SUNY Maritime Library Receives $50,000 Grant
SUNY Maritime College’s Stephen B. Luce Library has been awarded $50,000 from the National Park Service and the U.S. Maritime Administration (MARAD) to continue efforts to digitize records documenting the history of Sailors’ Snug Harbor on Staten Island, N.Y., and the lives of thousands of retired sailors who lived there. Sailors’ Snug Harbor was the first nondenominational retirement home in the country. Founded by the wealthy Randall family, it gave retired sailors, many of whom were disabled and without wives or families, a safe haven from the 1830s until 2008.
IMO to Honor Former Secretary-General Sekimizu
The International Maritime Prize for 2016 will be awarded to former Secretary General of the International Maritime Organization (IMO) Koji Sekimizu for his contribution to the work of IMO over many years. The Council unanimously decided to award the Prize to Sekimizu, IMO Secretary-General Emeritus, in recognition of his invaluable contribution to the work and objectives of the organization and the international maritime community as a whole. Sekimizu held a long and distinguished career with the organization, culminating in his four-year stewardship as Secretary-General from 2012 to 2016.
Dometic Names Hickinbotham Product Manager EMEA Marine
Dometic has appointed 18-year company veteran Paul Hickinbotham as its Product Manager EMEA Marine. In this newly created role, Hickinbotham is tasked with helping to drive product innovation and customer responsiveness by channeling the latest consumer feedback and market intelligence for each specific region in both the OEM and after-market sectors through to Dometic’s product development and sales teams. Previously EMEA Director - Sales and Administrations & Commercial Division at Dometic, Hickinbotham will lead a dedicated team from his U.K.
New Head at Detroit/Wayne County Port Authority
Kyle Burleson, current deputy director at the Detroit/Wayne County Port Authority (DWCPA), has stepped in as the interim executive director, replacing John Loftus as he transitions out of the executive director role, a position he has held since 2015. Burleson will hold the interim executive director position from August 1, 2017 to February 1, 2018, as the DWCPA board of directors search for a permanent executive director. Delorean Holmes, current economic development manager at the DWCPA, will serve as the interim deputy director during this time.
Liebherr Bolsters Its Australia Maritime Business
Liebherr Maritime said it will establish full service, spares and sales activities in Australia, New Zealand and the Oceania region to create better support for maritime customers using factory trained and locally recruited engineers. Additionally, Liebherr representative Morrow Equipment Australia will focus on the purchase and rental of tower cranes in the future. Liebherr has been present in Australia since the early ’70s, leasing its first premises in Kilkenny in 1983. Over the years Liebherr invested in the Australian subsidiary…
Next Class of Apprentices Begin at Hapag-Lloyd
On August 1, 66 young men and women started their apprenticeship at Hapag-Lloyd. “Highly qualified and motivated employees are a decisive factor in a dynamic and extremely competitive sector like container shipping,” said Hapag-Lloyd CEO Rolf Habben Jansen as the new training period began. Many of Hapag-Lloyd’s successful captains and managers first started their careers at the company. “We offer young talents excellent prospects and exciting challenges in a growing and strongly positioned company,” Habben Jansen continued.
Kito Americas Reorganizes Its Leadership Team
Carlo Lonardi, President and CEO Kito Americas, Inc. and Executive Officer KITO CORPORATION, announced the promotions of key personnel as the company continues to build their KITO Americas corporate structure. Marc Premont, COO of Kito Americas, Inc. and Executive Officer of KITO CORPORATION, who currently leads subsidiary operations in Canada and Brazil, will assume a number of additional responsibilities related to business development. He will now take on a senior leadership role for business development for the KITO Americas group.
Ice Navigation Training for Maersk Line Officers
Deck officers and captains from Maersk Line have begun a series of ice navigation training courses at Aboa Mare in Turku, Finland. The first course was taught in July, with the rest scheduled to take place during the second half of 2017. The courses fulfill the Polar Code training requirements and are designed according to the particular needs of Maersk Line’s navigating officers, taking into account the Baltic Feeder newbuildings that will be delivered later this year. The Maersk…
Grand Bahama Shipyard Reports Commercial Success
Caribbean shipyard Grand Bahama Shipyard (GBS) said it has completed work on 30 commercial vessels within first half of 2017, predominantly comprised of companies returning to the yard with repeat business including tankers, bulk carriers, containerships, tugs, dive support vessels and drilling support vessels. In what is considered a volatile market, GBS said 2017 has been a great year for repeat customers, solidifying its position as a supporter of the major U.S. East Coast…
Roberts Joins Foss as Chief Commercial Officer
Will Roberts has joined Foss Maritime as Chief Commercial Officer (CCO), responsible for building the customer facing team to drive and sustain the company’s market share and long-term revenue generation. CCO is a newly developed position at Foss Maritime. In his role as CCO, Roberts will set out to advance Foss’ global perspective on market opportunities and lead in the assessment and prioritization of geographic and operational market segments through marketing, sales and business development activities.
Qalinge Named TNPA Chief Executive
Shulami Qalinge has been appointed Chief Executive (CE) of Transnet National Ports Authority (TNPA), becoming the first female CE of the organization. Qalinge succeeds Richard Vallihu who has been appointed Group Executive: Operational Readiness, Transnet Corporate Center. Both appointments are effective, July 7, 2017. Qalinge will provide strategic direction and leadership in the implementation of the overall TNPA strategic objectives and operational targets, including total oversight of the operation of eight commercial ports with more than 3,500 employees.
Turnkey Logistics: The Crowley Way
60 years of experience in the Puerto Rico trade corridor provides Crowley with the knowhow, means and staying power for the 60 that will surely follow. In March, the announcement that three new, ship-to-shore container cranes were scheduled for delivery to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan would normally qualify as routine logistics PR. In this case, the electric-powered cranes will be used to load and discharge containerized cargo being carried aboard Crowley’s two new liquefied natural gas (LNG)-powered, Commitment Class ConRo ships.
GAC Brazil Opens Office in São Luis
GAC Brazil continues its regional expansion with the opening of a ninth office at São Luis, the capital city of the Brazilian state of Maranhao – making it the first to be located in the northern region of Brazil. Situated on São Marcos Bay, an extension of the Atlantic Ocean, the office will serve two major ports in the area – Ponta da Madeira (PDM) and Porto do Itaqui – as well as Alumar Terminal, which receives a large number of ships per year discharging raw materials used on aluminum production loading alumina in bulk.
Japan's Big Three Shippers Bullish
Japan’s big three shippers -Mitsui OSK Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) - have reported profits for the first quarter, bouncing back from losses a year earlier Reuters reported. Thanks to rising freight rates, the shippers showed brightened financials ahead of their integration into the Ocean Network Express (ONE) next April. The results are also raising hopes the firms could be emerging from the industry’s worst-ever downturn on record. NYK recorded a profit attributable to owners of the parent of 5.4 billion yen (U.S.
Tidewater Emerges from Chapter 11 Bankruptcy
New Orleans-based Tidewater Inc and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors that was confirmed on July 17, 2017 by the United States Bankruptcy Court for the District of Delaware. Capitalized terms used but not defined below have the meanings ascribed to them in the Plan, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed on July 18, 2017.
Crowley Awards USMMA Midshipman Pisarski
Crowley Maritime Corporation recently presented U.S. Merchant Marine Academy (USMMA) Midshipman Sara Pisarski with the company’s Maritime Security Enhancement Award. The Maritime Security Enhancement Award, established in 2003, gives a one-time, $500 award to a USMMA student who demonstrates a strong interest in a port, maritime or transportation security career and who achieves the highest grade in the academy’s transportation security class. Pisarski, a native of Bowling Green, Ohio, began attending USMMA in 2013 and graduated this year with a degree in maritime logistics and security.
Hill Dickinson Appoints Burdass as Legal Director
International commercial law firm Hill Dickinson continues to grow its shipping practice with the addition of Legal Director Tom Burdass. Burdass joins the firm’s Broadgate Tower, London office from Campbell Johnston Clark (CJC) where he spent more than six years acting for clients in dry shipping litigation matters with a particular focus on P&I and FD&D disputes where he has significant experience. Burdass has also acted in a variety of wet shipping matters. He advises on all aspects of disputes arising from charterparties…
BW LPG Establishes a JV in India
BW LPG Limited and Global United Shipping India Private Limited, have agreed to establish a joint venture in India in which the parties will own 50% each. The purpose of the new joint venture, named BW Global United LPG India Private Limited, is to own and operate Gas Carriers for the transportation of LPG within Indian waters. As part of the establishment, BW LPG will sell two of its vessels, BW Boss and BW Energy, to the joint venture company and to that end BW LPG has entered into binding vessel sales contracts.
Seaspan CEO Gerry Wang to Retire
Seaspan Corporation announced that Gerry Wang, its Chief Executive Officer, Co-Chairman and Co-Founder, will retire from Seaspan effective December 31, 2017 to focus on family business investments and his ongoing charitable efforts. In order to facilitate an orderly transition, Wang will continue in his current role as CEO until the earlier of when a permanent CEO is identified or December 31, 2017, and will continue to serve on Seaspan's Board until the end of the year. Seaspan has commenced a search process to identify a new Chief Executive Officer.
Bahri Pushes for Saudi Arabian Entry to IMO Executive Council
Senior representatives from Bahri recently joined members of a Saudi Arabia delegation for board meetings of the International Maritime Organization (IMO), which took place at the agency’s headquarters in London. The meetings come as part of the Kingdom’s preparations to submit its candidacy for the membership of the IMO Council under Category (C). Senior Bahri officials who participated in the discussions included Wael Al-Sarhan, Senior Vice President – Marketing, and Abdulaziz Sabri, Vice President, Bahri Ship Management.
V.Group Appoints Ian El-Mokadem as CEO
UK-based ship management company V.Group announced the appointment of Ian El-Mokadem as Chief Executive Officer and Martin Gaard Christiansen as Chief Commercial Officer. Both will assume their positions in the autumn. Ian joins from Exova, the global provider of technically demanding testing, calibration and related advisory services, where he served as Chief Executive for the last six years. Ian was responsible for professionalising and growing the business, which operates in 33 countries…
Capital Product Partners Sings Pact for $460 Mln Refinancing
Capital Product Partners entered into a firm offer letter for a senior secured term loan facility of up to $460.0 million with HSH Nordbank AG and ING Bank as mandated lead arrangers and bookrunners and BNP Paribas and National Bank of Greece S.A. as arrangers. The lenders also include Alpha Bank S.A., Piraeus Bank S.A. and Skandinaviska Enskilda Banken AB (Publ). The closing of the credit facility is subject to finalization of the long form loan documentation. "We intend to use the net proceeds of the loans under the New Facility…
APM Terminals Tangier Celebrates 10 years in Morocco
APM Terminals Tangier welcomed the Munich Maersk, one of the world’s largest container vessels, as it made its maiden call to celebrate the 10th anniversary of the largest and most modern terminal facility in North Africa. APM Terminals Tangier is one of the most important transfer points of global trade. In addition to handling Moroccan import and export cargo, the terminal manages and transfers cargo for onward destinations in Africa, Latin America and beyond. Tangier's strategic…
GasLog Partners Acquires Two Group Firms in Q2
LNG shipper GasLog Partners acquired from GasLog 100% of the shares in the entity that owns and charters the GasLog Geneva on July 3, 2017. The GasLog Geneva is a 174,000 cubic meter (cbm) tri-fuel diesel electric (TFDE) LNG carrier built in 2016 and operated by GasLog since delivery. The vessel is currently on a multi-year time charter with a subsidiary of Shell through September 2023 and Shell has two consecutive extension options which, if exercised, would extend the charter for a period of either five or eight years.
India to Privatize Dredging Corporation
The government of India is looking to privatize staterun Dredging Corporation of India (DCI). "A proposal for disinvestment of Dredging Corporation of India Limited is under consideration of the Government of India," a government press release said quoting the Minister of State for Shipping and Road Transport and Highways Pon. Radhakrishnan. The proposal is aimed at upgrading technology, improving capability, infusing capital to buy necessary dredgers and equipments and instilling experienced professional management to optimize the operations of DCI.
Hyundai Merchant Marine Seeks USD 8.9 bln from KDB
Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total of 9.9 trillion won (US$8.9 billion) in funds until 2022 to grow into the 8th largest global shipping company in the future, Business Korea reported. HMM had asked consulting firm AT Kearney to estimate how much support funds for HMM would be needed. AT Kearney calculated that a total of 9.9 trillion won will be needed, including 5.6 trillion won (US$5.0 billion) for large container ships…
Navios Group Rolls Out Containers Division
Navios Group has launched Navios Containers, a vehicle dedicated to the container sector. Navios Containers has the right to acquire all containerships offered to the Group, said Angeliki Frangou, Chairman and Chief Executive Officer. Navios Containers used the proceeds of the private placement, which was closed on June 8, 2017, to acquire five 4,250 TEU vessels from Navios Partners for a total purchase price of $64.0 million. The payment terms included a $24.0 million credit by Navios Partners for a period of up to 90 days from the purchase date at LIBOR plus 375 bps…
Bynum Elected Harbor Commission President
Egoscue named Vice President of Port's governing Board. The Long Beach Board of Harbor Commissioners elected Lou Anne Bynum as its new Board President and Tracy Egoscue as Vice President on Monday, July 24, in the annual selection of Board Officers. The Board also voted Lori Ann Guzmán as Secretary of the Board. Composed of Long Beach residents, the Board oversees the Port of Long Beach. Guzmán has served as Board President, and Bynum as Vice President, for the past two years. “It’s an honor to be chosen as President,” Bynum said.
Abu Dhabi Ports: No Immediate Plans for a Listing
Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a subsequent listing. His comments came after Bloomberg News reported that Abu Dhabi Ports is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, citing people familiar with the matter.
Samskip Scoops up Nor Lines
European multimodal transport provider Samskip said it will acquire activities associated with Nor Lines AS, marking a major expansion of its shipping, transport and logistics businesses in Norway. Subject to approval by Norway’s competition authorities, Samskip has agreed with the DSD Group to acquire the activities of Nor Lines, which generate an average annual turnover of €110 million ($128.2 million). With its head office in Stavanger, Nor Lines is a diversified logistics business offering domestic and international services.
Crowley Offers 12 Weeks Fully Paid Parental Leave
Facing medical needs with a newborn boy this spring, Crowley Maritime Corp. employee and father Ezra Clark is taking advantage of a new benefit for employees that is uncommon in American business: 12 weeks of fully paid parental leave. “It really means a lot that the company supports me and other employees as new parents. It keeps our family life more stable. I can be there for the important medical events and treatments for our son, Kingston, and know we have the time together…
Höegh LNG Secures Financing for FSRU Unit
Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU). The Facility comprises a 12 year export credit agency (ECA) term loan of up to USD 150 million backed by Garantiinstituttet for Eksportkreditt (GIEK) and Eksportkreditt of Norway, and a 5 year non-amortising commercial bank loan of up to USD 80 million funded by ABN AMRO Bank, Danske Bank, Nordea and Swedbank.
Nakilat Ends H12017 with $112 Mln Net Profit
Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last year in 2016. The lower profit was mainly attributed to the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year), the effect of changing…
Crowley Names Vargas VP, Business Development
Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed vice president of international business development to support the Crowley Maritime Corp. liner and logistics services groups. He will work closely with Crowley's new director of logistics in St. Maarten, Jeffrey de la Combe, to bring supply chain solutions for customers and their cargoes originating outside the U.S. In the newly created role, Vargas will spearhead the development of both full- and less-than-container load cargo (FCL/LCL) originating from international locations…
Mammoet Expands in the Middle East
Dutch heavy lift specialist Mammoet said it has opened new branch offices in Oman and the United Arab Emirates, having seen an increase in projects across the Middle East. Mammoet has been operating in the Middle East for over 40 years and has already established a head office in Dubai. The company has now branched out and taken up residence in the Mussafah Industrial area in Abu Dhabi, and in Sohar, Oman, enabling Mammoet to provide more localized support and increase its offering of specialist services in engineered heavy lifting and transport across the region.
Workshops Address Burning Issues in a Changing World
A series of one day NEXT GENERATION Workshops are being held 'back to back' at the Grand Harbor hotel and conference venue overlooking the historic port of Southampton, U.K., October 24-26, 2017. The NEXT GEN program combines a group of dynamic international presenters with panel discussions. Opening sessions for each workshop feature expertise from heads of U.K. Border Force and U.K. Ministry of Defense, along with the Design and Engineering team from U.K. search and rescue provider the RNLI.
CMA CGM Honors Al Sharqi Shipping
Al Sharqi Shipping said it has once again received the Top Customer Award from French container carrier CMA CGM, marking the fourth straight year the Dubai based logistics firm has been given the accolade. The 2016 Top Customer Award was handed over from CMA CGM representatives Santosh Devasper, CMA CGM Commercial Manager; Manoj Kumar, CMA CGM Export Trade Manager; and Pradeep Vallath, Deputy Manager VIP Desk to Kash Rafiq, Director Al Sharqi Group & Shipping, along with the presence of Atif Rafiq, Director Al Sharqi Shipping, as well as other key members of Al Sharqi Shipping.
VMAG Rolls Out its Marine Refit and New Build Department
Voyager Maritime Alliance Group (VMAG) , one of the leading marine technology providers in South Florida, is expanding its already comprehensive list of services by adding turnkey marine services that now encompass the entire refit and new build process. “In simple terms – we do it all! Says David Leone, President of VMAG, from the initial planning, naval architecture services, networking and data cabling, project management, contractor management, welding and fabrication, carpentry…
Seacroft Hires Pearce as Engineering & DP Manager
Aberdeen-based Seacroft Marine Consultants said it has appointed Richard Pearce as Marine Engineering and Dynamic Positioning (DP) Manager, as the firm looks to develop more specialized offshore marine projects. Pearce brings to the role 16 years’ experience in engineering and technical disciplines of the marine and offshore industry, including spells at some of the sector’s most prominent names. Most recently he was technical manager at Fletcher Group and service delivery manager…
New Long Beach Harbor Commissions Confirmed
The Long Beach City Council on Tuesday voted unanimously to confirm Mayor Robert Garcia’s appointments of Frank Colonna and Bonnie Lowenthal to the Board of Harbor Commissioners. Colonna and Lowenthal are both former City Council members; Lowenthal is also a former state Assembly member and Long Beach Unified School District Board Member. Colonna will fill the seat of Commissioner Doug Drummond, who was appointed to a partial term of four years in 2011 and was reappointed in 2015, with the intent to retire in August 2017. Colonna’s term runs into 2021.
Mega Ship MOL Tribute Under BSM Management
Bernhard Schulte Shipmanagement (BSM) has announced that the 20,146 TEU containership, MOL Tribute, came into full management of the Hong Kong Ship Management Center on July 10, 2017. Built by Samsung Heavy Industries in South Korea, MOL Tribute is 400 meters in length having a deadweight of 196,877 MT, with her sister ship, MOL Tradition, scheduled to enter Hong Kong management at the end of August. Through these milestones, BSM becomes part of a select group of operators that have the expertise to manage some of the world’s largest containerships.
ClassNK Singapore Celebrates 50 Years
ClassNK hosted an anniversary party on July to commemorate 50 years of its Singapore Office, established in 1967 to broaden the classification society’s service network in Southeast Asia. Held at the Mandarin Oriental Hotel, the evening commenced with an opening address by Chairman and President of ClassNK, Koichi Fujiwara. Among guests in attendance, the Ambassador of Japan to Singapore, His Excellency Kenji Shinoda gave an honorary address followed by a congratulatory address by Assistant Chief Executive of Maritime and Port Authority of Singapore, Tan Beng Tee.
Samsung Heavy to Cut Its Workforce
South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency. SHI unveiled a self-restructuring program that centers on cutting the workforce and having executives return part of their salaries last year, in order to tide over a protracted slump in the shipbuilding sector. The report said that Samsung Heavy was forced to reduce its workforce by 1,500 in 2016 through an early retirement scheme.
Imperial Couple Visits NYK Maritime Museum
Japan’s Emperor Akihito and Empress Michiko paid a visit to the NYK Maritime Museum in Yokohama on July 17, 2017, a national holiday known as Marine Day. Yasumi Kudo, NYK Chairman and Tadashi Abe, director of NYK Maritime Museum greeted the Imperial couple and Hakuei Wakiya, vice director of museum escorted them. The Imperial couple viewed the exhibition showcasing the country’s maritime history, including Yataro Iwasaki who established modern Japanese shipping industry, the Bombay route established jointly with Tata company…
Japan's Top 3 Shippers Sail to Profit in Q1
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei. The report said that the three companies are expected to post a group pretax profit for April-June, the first time in seven quarters. According to the report, Mitsui O.S.K.'s pretax profit likely tripled on the year to around 2 billion yen ($17.7 million), while Nippon Yusen's is seen reaching about 5 billion yen after a year-earlier pretax loss of 9.9 billion yen.
UniCarriers Corporation becomes Mitsubishi Logisnext
Mitsubishi Nichiyu Forklift announced that it will conduct the operational integration with its consolidated subsidiary UniCarriers Corporation and change its company name to "Mitsubishi Logisnext. Mitsubishi Nichiyu already announced its intention to perform the operational integration, on May 12, 2017, and, as of today, would like to announce that it will conclude the agreement between Mitsubishi Nichiyu and UniCarriers (Absorption-type Company Split Agreement) for which October 1, 2017 (planned) is set as the effective date, and will change its company name.
Dredging Seminar Held in Bangladesh
On Tuesday, July 11, Damen hosted a dredging seminar in Dhaka, Bangladesh attended by more than 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions, various customers of Damen and other industry stakeholders. Damen said it has enjoyed great successes all over the world in the sale of its dredging equipment, including Trailing Suction Hopper Dredgers, Cutter Suction Dredgers and renowned DOP pumps.