Keel Laid for National Geographic Polar Ship
Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, and Ulstein Group, Norwegian shipbuilder and ship designer, celebrated the keel laying of Lindblad’s first polar new build. The keel laying at the CRIST shipyard in Gdynia, Poland, marked a milestone in the construction of the sophisticated expedition ship, and served as the official naming ceremony of the line’s latest addition to the Lindblad-National Geographic fleet.
Wärtsilä acquires Transas
Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within a global maritime company in delivering its solutions, bringing scale and value to the industry in need of innovation leadership. Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital solutions and electronic charts.
CMA CGM Expects Volumes to Remain Strong in 2018
Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines, reported on Friday a $701 million net profit for last year, confirming its turnaround after a shipping downturn in 2016 when it suffered a $452 million loss. "We are rather optimistic about 2018, despite the geopolitical problems," Chairman and CEO Rodolphe Saade told Reuters by telephone.
Hong Kong's Richest Man Li Ka-shing Retires
Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close a rags-to-riches story that made him a hero in the freewheeling capitalist hub. Li, 89, will retire after the annual general meeting on May 10, the ports-to-telecoms conglomerate said in a filing to the Hong Kong bourse, passing the mantle to his eldest son Victor Li, who was named successor several years ago.
MCA’s CEO Massey to Retire by End 2018
Maritime & Coastguard Agency (MCA) chief executive Sir Alan Massey announced he plans to retire from the role before the end of 2018. The Department of Transport will begin its search for Massey’s successor on March 19. Massey will continue in his role until late 2018 to allow the chief executive appointment process to take place. Massey joined the MCA in July 2010 after a 33-year career with the Royal Navy, where he left as Second Sea Lord. During his eight-year tenure at MCA…
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade…
Huntington Ingalls Promotes Two Vice Presidents
America’s largest military shipbuilding company announced that Jeanne Callahan has been named corporate vice president, internal audit, and that David “Chip” Wasson has been named corporate vice president, corporate strategy. Both promotions are effective immediately, and both report to Chris Kastner, executive vice president, business management, and chief financial officer. Callahan has served as director, business management, contracts and government compliance, since HII formed in 2011.
Ernst Russ Sells Marenave Schiffahrts Stake
German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany. "The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector. This was concurrent with the strategic approach of Ernst Russ Group and offered potential to enter into a successful partnership," said a statement from the company. After acquiring a larger block of shares in January 2018, Deutsche Balaton AG held a total of 21.34 % of all shares.
Maersk Says CFO Quits after Organizational Changes
Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016, comes after Maersk decided to separate the finance role from its IT and digital transformation function, the company said. The change comes amid a major restructuring and digital drive which Maersk hopes will simplify the process of moving goods around the world.
GasLog Partners Acquires GasLog Gibraltar
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG. GasLog Partners and GasLog announced that they have approved entering into agreement: "For the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters GasLog Gibraltar. The Acquisition is expected to close in the second quarter of 2018 and is subject to satisfaction of certain customary closing conditions.
Valkonen Named CFO of Evac Group
Tuomo Valkonen, M.Sc. (Econ), has been appointed as the new Chief Financial Officer (CFO), Evac Group, effective as of May 1, 2018. He will be based in Espoo, Finland, and report to Tomi Gardemeister, President and CEO of Evac Group. Valkonen has more than 20 years’ experience in various financial roles. Previously, he has worked as the CFO at HKScan Group and CFO at CPS Color Group.
Trade Wars Clearly Bad for Global Shipping - BIMCO
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium. Although the tariffs on steel and aluminium are expected to have a limited impact on most international bulk trades…
DP World, Tata Group Mull Cooperation Opportunities
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries…
North P&I Club Sponsors the UK Premiere of ‘The Last Ship’
North P&I Club sponsored the Northern Stage’s production of ‘The Last Ship’, and support Newcastle’s vibrant culture and maritime connections. ‘The Last Ship’ tells a powerful story of community and social history, centring upon the demise of Tyne and Wear’s shipbuilding industry and the impact it had upon the people of the North East. It is Sting’s personal, political, and ardent musical, and has returned to the singer’s home town of Newcastle before embarking on a tour of towns and cities around the UK.
ZIM Upgrades ZCP, Rolls-out CFX Service
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica, Florida & Canada. "ZIM is pleased to announce a change and upgrade of our flagship ZIM Container Service Pacific (ZCP), and the simultaneous launch of a new Canada Florida Express service (CFX), starting April 3rd," said a statement from the company. The combined synchronized change will improve transit time and service levels, and expand port coverage.
Darling, Parker join Tidewater
Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience, most recently as Senior Vice President and Chief Human Resources Officer for Gulfmark Offshore, Inc., where he was the Human Resource Director since 2007. Prior to Gulfmark, he served in executive human resources roles with Rigdon Marine and a subsidiary of Ford Motor Company.
Rooney Appointed Business Development Manager, Forth Port
Forth Ports, the UK’s third largest ports group, has appointed Ann Rooney as its new Business Development Manager to focus on oil and gas support and decommissioning activity for Scotland. Ann is a senior executive experienced in business development and operational functions within the shipping, logistics and marine sector. She previously worked with DB Schenker for seven years in various roles and also with GAC Shipping Limited as project coordinator and ships agent. Ann, who has started with the business…
New Samskip container service for ACT
A new short-sea container service between Amsterdam and Hull will be formally inaugurated today (21 March 2018) with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT). The new service, operated by leading short sea container operator Samskip, offers three sailings a week on this new route with vessels departing from Amsterdam on Mondays, Wednesdays and Saturdays. “Amsterdam Container Terminal offers shipping lines the opportunity to serve their customers in a fast, efficient, reliable and sustainable manner.
Post Hurricane Maria, Crowley to assist Puerto Rico's Recovery
It’s been called the most logistically challenging relief effort the United States has ever managed. When nearly Category 5 Hurricane Maria struck Puerto Rico, it left a wake of destruction that residents and emergency responders are still reckoning with. The road to recovery for an island like Puerto Rico is different from mainland locations. The American territory sits about 1,000 miles away from the closest city in the contiguous United States. Transportation of cargo, supplies and equipment requires specialized vessels or aircraft, even in good times.
Edvardsen Takes the Helm at VesselMan
VesselMan announced the appointment of Glenn Edvardsen as its new CEO effective March 1, 2018. Prior to joining VesselMan, Edvardsen held a position of VP and Head of shipping at StormGeo. The master mariner shipping and marine industry has been a part of his life for the last 20 years. With his experience from international business he has extensive knowledge and network within shipping, digital development and change development Glenn will be a valuable addition to our team.
Dan-Bunkering Promotes Two Bunker Traders
Dan-Bunkering has announced the promotion of Bunker Traders Rali Bara and Lamin Bara in its Dubai office as of March 1, 2018. Rali Bara, who joined the Dubai office in 2013 was promoted to Bunker Trader & Team Leader and has during his career with Dan-Bunkering shown great business instinct and strong leadership skills, which is why a promotion to Team Leader was an obvious next step up the internal career ladder. Lamin Bara, who was also promoted to Bunker Trader & Team Leader…
PSA International sees profit jump 5.0%
* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year. * PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. * PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year. Overall net profit for the year was 5.1% higher at $1.23 billion.
ISWAN :Infographics for seafarers Psychological Wellbeing at Sea
ISWAN has produced four new infographics, in partnership with The Shipowners' Club, using extracts from its latest self-help guide for seafarers, Psychological Wellbeing at Sea. Psychological wellbeing enables us to function well, feel good about ourselves, and feel a sense of purpose and life satisfaction. With restrictions to wellbeing such as spending time away from family and friends, limited shore leave and long working hours, it is important for seafarers to take care of their mental health while working on board.
Changes at Teekay's top deck
Teekay Tankers Ltd. • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board. Mr. Paterson joined the Board of Directors of Teekay Tankers on August 1, 2017. He is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, Mr. Paterson served as the global leader of PwC’s Consumer…
Work in Progress to Expand Dunkirk Box Terminal
Container handling in the Port of Dunkirk takes place mainly at the Flanders Terminal. The activity continues to grow steadily, with numbers increasing from 200,000 TEU in 2010 to 375,000 TEU in 2017. In February 2017, to maintain this development and ensure that the world's largest container carriers can be berthed in all sea conditions, the Port of Dunkirk, as Project Owner, launched the building of the Flanders Terminal Extension. This extension will enable the container terminal operator, as of 2019, to berth two new-generation megamax container carriers simultaneously.
New Members Join NOAA’s Hydrographic Services Advisory Panel
NOAA acting administrator retired Navy Rear Adm. Tim Gallaudet, Ph.D., has appointed three new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving a range of services and products that support safe navigation and coastal resilience. Sean M. Duffy Sr., executive director, Big River Coalition, New Orleans, La. Retired USCG Capt. Julie Thomas, senior advisor, Southern California, Coastal Ocean Observing System, Scripps Institution of Oceanography, La Jolla, Calif.
DP World's Earnings Grow 15.1%
Global trade enabler DP World today announces strong financial results for the twelve months ending 31 December 2017. The company delivered earnings in excess of $1 billion and above 50% EBITDA margin for the full year. Revenue grew 13.2% and adjusted EBITDA increased 9.1% with adjusted EBITDA margin of 52.4%, delivering profit attributable to owners of the Company, before separately disclosed items of $1,209 million, up 7.3%, and EPS of 145.6 US cents. On a like-for-like basis…
MOL Graduates Final Class in 3rd Year Program
Mitsui O.S.K. Lines, Ltd. announced the graduation of 87 students in the seventh and final class of the "3rd Year Program," which MOL introduced with the goal of developing crew members who will uphold strict safety standards in vessel operation. The “3rd Year Program” targeted new seafarers from among third-year students at partner maritime schools in the Philippines. MOL provided education and training at the Magsaysay Institute of Shipping (MIS), its training center in the Philippines. MIS was jointly established by MOL and Magsaysay Maritime Corporation in 1993.
Wrist Grows Despite Tough Markets
During 2017 Wrist Ship Supply kept working with customers on enhancing their profitability and continued the steady expansion of its global business platform. Most shipping segments were depressed by low rates last year, and activity in the offshore oil & gas markets has been reduced significantly the last couple of years. However, on the backdrop of a flat – sometimes even negative – general market development Wrist’s sales aggregated DKK 4.1bn, an increase of more than 3% in 2017 in local currencies.
Seaspan Buys GCI from Carlyle
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet, will take over GCI’s 16 on the water 10,000-14,000 TEU containerships plus two newbuilds scheduled for delivery during Q2 2018. All 18 vessels sister ships to Seaspan’s current fleet. “With GCI’s fleet now under our ownership…
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor said two years ago he was battling cancer although he continued to travel the world, chasing deals from Africa to the United States and Australia while also working as chairman of the board of trustees for London's Royal Opera House. Hardy…
Board Changes at Teekay Corporation
Teekay Corporation announced changes to its Board of Directors. Alan Semple has been appointed as the new Chair of the Audit Committee following the retirement of Eileen A. Mercier effective March 12, 2018. Semple joined the Teekay Board and its Audit Committee in 2015. He has over 30 years of finance and energy industry experience, including as Director and Chief Financial Officer at John Wood Group PLC until his retirement in May 2015. Semple currently also serves on the Board of Cobham PLC, where he is the Chair of its Audit Committee.
Alfa Laval BlueBox SA prevents oily water discharge problems
Non-compliant discharge of oily water continues to be an environmental threat – and an expensive headache for the marine industry. With the tamper-proof Alfa Laval BlueBox SA, a standalone oil content monitor and data recorder, Alfa Laval is providing peace of mind to ship owners and operators. Despite many years of strict enforcement when it comes to oily water discharge limits, there are still high-profile cases that result in extreme fines or jail terms. Naturally, no company can afford to take risks when the consequences are of such magnitude.
Ship Finance International Acquires 15 Vintage Vessels
Ship Finance International Limited announced that it has agreed to acquire a fleet of 15 feeder size container vessels, ranging from 1,100 TEU to 4,400 TEU, in combination with long term bareboat charters to a leading container line. The purchase price is confidential, but close to recycling value of the vessels. The charter term will be seven years from delivery, with subsequent purchase obligations by the charterer. Delivery of the vessels is expected in April and their aggregate EBITDA contribution is estimated to be approximately $20 million per year.
Ørbeck-Nilssen Sets Out Transformation of IACS at CMA
Speaking at Shipping 2018, the Connecticut Maritime Association’s (CMA) annual conference, Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime and IACS Chairman, looked at some of the initiatives taken at the International Association of Classification Societies (IACS) that were changing the organization. “It is my duty and honor to encourage the world’s biggest classification societies to pull together to adapt to this rapid pace of change and create a strong foundation for IACS as the leading maritime technical association,” Ørbeck-Nilssen said.
Thome's Strategies Outlined at CMA
Gautam Kashyap, Thome’s Vice President for Business Development, outlined the group’s strategies for success at the 2018 Connecticut Maritime Association (CMA) Shipping 2018 conference. “Ship Management is changing and the right mix of digitalization, automation and data analytics are key criteria towards providing greater efficiency, transparency and value-added services to clients in the future,” he said. Ship managers will need to invest heavily in new technology to keep up with changes in the market and Thome has already started this process by developing an Operations Hub…
Mercury Marine Mourns Loss of Charlie Strang
Mercury Marine is saddened by the death of Charles “Charlie” Strang who served as Carl Kiekhaefer’s top engineer for 13 years at Mercury Marine. After leaving Mercury, he served as Director of Outboard Marine Engineering (OMC) and later CEO and Chairman of the Board. Strang, 96, was also known as the creator of the sterndrive engine, sketching the first sterndrive in 1948 while attending MIT. Strang’s mother, Ann, is responsible for the famous Mercury Phantom Black engine color. Strang was a very popular figure in both the marine and NASCAR industries.
Port of Oakland Targets 2.6 mln 20-foot Containers by 2022
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan, Oakland cargo volume should reach 2.6 million 20-foot containers by 2022. The Port’s Oakland International Airport is expected to serve 14-to-15 million passengers annually by then. Both would be all-time highs for Oakland. Growing business volume should lead to more hiring, the Port said.
Port of Rotterdam for Ambitious Investment
The solid financial results allow the Port of Rotterdam Authority to carry out an ambitious investment programme, which is intended to help the Rotterdam port maintain its leading position as Europe’s largest port and industrial complex. Allard Castelein, CEO of the Port of Rotterdam Authority, while commenting on 2017 Annual Report, said that the port of Rotterdam and the Port Authority can look back on a good year. Allard said: “Our times are characterised by increasingly fast-paced developments in a range of areas.
North P&I Club Appoints Main as Technical Director
North P&I Club said it has appointed Simon Main as Technical Director (Underwriting), as part of the company's strategy for the development of the North P&I and Sunderland Marine (SMI) businesses. Main joins North P&I with experience from several senior leadership positions at Thomas Miller, most recently in his role as Chief Operating Officer (COO) at the UK P&I Club. According to North P&I, Main’s appointment is an important element of its growth and diversification plans. As North P&I enters a crucial phase in the establishment of its EU subsidiary…
Navios Maritime Partners to Acquires a 2005 Panamax
Navios Maritime Partners, an owner and operator of drybulk and container vessels, announced today that it agreed to acquire a 2005-built Panamax Vessel for $12.95 million, with delivery expected in March 2018. It also announced that its board of directors has adopted a distribution policy of $0.08 per common unit annually. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, “I am pleased we were able to restore distributions for our unit holders.
Shipping Must Prepare for a Digital Future -Dualog
Shipping should start to prepare itself for a future where total emphasis will be placed on the efficient and digitised movement of goods along the supply chain rather than on the individual components of the chain such as the ships themselves, according to one of the industry’s most influential thought leaders. Morten Lind-Olsen, Norwegian entrepreneur and CEO of Dualog, said that while the drivers for greater innovation and efficiencies are now the asset owners because they know that whosoever of them ‘has the better digital strategy will be the one to succeed’…
Noble Group To Sell Ship For $24 Million
Struggling commodity trader Noble Group Ltd said it would sell to Bianca Corp a Kamsarmax dry bulk carrier for $24 million in cash. The Hong Kong registered ship has a capacity of 81,499 deadweight tons. Built in 2015, the vessel, Ocean Integrity, is employed to service external customers as well as Noble Group's internal freight requirements. "The consideration for the Proposed Disposal shall be US$24 million payable on completion of the Proposed Disposal and will be satisfied in cash.
South Korea Restuctures Mid-Sized Shipbuilders
The South Korean government decided to restructure two financially-troubled mid-sized shipbuilders, said a report in Business Korea. While filing for court receivership for the debt-ridden Sungdong Shipbuilding, the government has decided to save STX Offshore and Shipbuilding Co. on condition of slashing 75 percent of its production workforce. The two shipbuilders are heavily indebted to Korea's two state-run banks, as they have struggled with snowballing losses amid unfavorable oil prices and the worldwide industry downturn.
CMA CGM Upgrades Indian Sub-continent and Europe Services
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC, MSC, COSCO and ONE. With 2 weekly and complementary services, this new offer will provide expanded port coverage and will also reduce transit times and improve schedule reliability of existing services. With this unique offer, CMA CGM pursues its ambition to strengthen its service to the Indian Sub-Continent market.
Denton elected Secretary General of ICC
John W.H. Denton AO – currently Chief Executive Officer of Australian law firm Corrs Chambers Westgarth – has today been elected as the next Secretary-General of the International Chamber of Commerce (ICC). Mr Denton is a legal expert and adviser on global policy, international trade and investment and infrastructure. His advice is sought by Australia’s most prominent corporations and by governments and international bodies alike. Mr Denton – who was unanimously elected today…
Bollinger Announces Promotions
Bollinger Shipyards President and CEO Ben Bordelon announced the promotions of two key leaders. Jerome Eymard has been promoted to the position of Director of Human Resources, and Rachael Battaglia to the position of General Counsel. Jerome Eymard has a Bachelor of Science in Human Resources and a Master of Business Administration from Nicholls State University, and received his Senior Professional in Human Resources (SPHR) certification in 2012. He joined Bollinger in 1999 and has been an integral component in the HR group’s success.
Bjørnar Iversen Resigns as CEO of Songa Offshore
Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act, said the statement. Before joining the company in June 2013, Iversen was a member of the executive leadership team at Odfjell Drilling AS. During his 17 year's tenure at Odfjell Drilling, he has been executive vice president for Corporate Business Development, Odfjell Drilling Technology and Odfjell Well Services.
International Seaways Updates on VLCC Acquisition and MR Vessel Sales
International Seaways, one of the largest tanker companies worldwide, said it acquired a 2010-built VLCC for $53 million, the Seaways Raffles, which commenced trading in the Tankers International pool, during the fourth quarter of 2017. During the fourth quarter, the company, which provides energy transportation services for crude oil and petroleum products in International Flag markets, sold a 2004-built MR, which was delivered to buyers in November 2017. The Company also sold a 2002-built MR…
Aalto Shipping Company Begins Operations
Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management. Aalto Shipping Company has acquired to its fleet two modern, ice-strengthened dry bulk carriers and has started operating them. The ships will be moved under the Finnish flag over the coming months. “The shipping company project restores tonnage to Finnish hands, since the vessels will operate under the leadership of Finnish officers.
VADM Schultz Nominated as 26th Coast Guard Commandant
Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area, currently serves as the operational commander for all Coast Guard missions from the Rocky Mountains to the Arabian Gulf, spanning across five Coast Guard Districts and 40 states. Pending confirmation, he is expected to relieve Commandant of the Coast Guard Admiral Paul F.
Frank Coles Delivers Keynote at the Transas Global Conference
You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times, with Mr. Gradgrind the Headmaster. What a sad reflection of our industry. Imagine instead! Imagine a world where logistics companies and cargo owners drive ship design, innovation and demand the level of quality in ship management. Where maritime assets are operated in a global ecosystem of tracking, monitoring and safety. Imagine a world where ships are operated in a “ship as a service” or “system of systems” infrastructure.
Liodden Leaves Nor-Shipping For New Opportunities
Birgit M. Liodden has decided to leave Nor-Shipping and the Norway Trade Fair to pursue new opportunities. “Liodden joined us in February 2015, with the mandate to build relevance and visibility across the industry”, says Trade Fair CEO Gunn Helen Hagen. “Her capabilities on predicting strategic changes and setting a new direction, while boosting visibility for Nor-Shipping, has been instrumental in strengthening our position and relevance. “A dedicated change agent for this industry…
ShipServ, IB Ink 'Integration' Pact
ShipServ, a maritime e-procurement platform, and IB, a leading provider of technical fleet management software, formally announced their partnership agreement, which will see ShipServ’s e-procurement solution fully integrated with IB’s InfoSHIP maritime software suite. The announcement was made at Seatrade Cruise Global, which is currently taking place in Fort Lauderdale. The agreement will see both parties working together to enable all InfoSHIP customers to benefit from seamless integration to the ShipServ trading platform.
Montgomery McCracken Names Two Maritime Attorneys to Firm Partnership
Montgomery McCracken announced it has named attorneys Robert E. O’Connor and Davis Lee Wright to the firm’s partnership. O’Connor, located in the firm’s New York office, was previously an associate. Wright, who is located in the firm’s Wilmington office, was of counsel. O’Connor is a general litigator and a member of the firm’s Maritime and Transportation practice group. He represents insurers, owners and operators of vessels, and marine fuel suppliers among others. O’Connor also…
Sterling Global Marine Acquires Geoff Waddington & Partners
Sterling Global Marine, a leading surveyor of private and commercial vessels, has announced it has acquired the renowned marine surveying company, Geoff Waddington & Partners. This move sees Sterling Global Marine become one of the fastest growing independent marine surveyors in the UK, allowing the company to significantly upscale its business across both the leisure and commercial industry sectors. Sterling Global Marine has experienced rapid growth and success worldwide since its creation in 2015.
Marlink, Seagull Maritime Collaborate for Onboard Training
Marlink and Seagull Maritime have entered into a partnership to introduce a step-change in onboard training this year, creating an online, satcom enabled environment for the distribution and updating of e-learning material. The partnership combines Marlink and Seagull’s respective domain expertise to streamline and automate e-learning content distribution and management. Additional functionality will be offered later this year to enable fully digitalised services with the Seagull software running on Marlink’s XChange centralized IT and communications management platform…
CMA CGM Unveils 'Customer Centricity' Strategy
Customer experience management has become a strategic necessity to satisfy customer demands, deliver consistent and rewarding service, and ultimately strengthen customer relationships. On the occasion of the 18th TPM Annual Conference currently taking place in Long Beach, California, the CMA CGM Group, a world leader in maritime transport, unveils its customer centricity strategy to create the customer experience of tomorrow. A year ago Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, defined ‘Customer Centricity’ as one of the Group’s core strategies.
Seaspan Appoints Brass as CFO
Seaspan Shipyards (Seaspan) has appointed Christof Brass as Chief Financial Officer (CFO). Christof brings over 20 years of experience successfully delivering large, complex programs for multinational companies. With an extensive back-ground in strategic financial planning and analysis, Christof will help drive the continued success and improvement of Seaspan. “As a leader with experience in transforming international finance teams, Christof has all of the skills that we were looking for to lead the financial components of our business…
Nakilat, Maran Ventures JV adds two vessels
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels. Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions. This new agreement increases the number of vessels jointly-owned by Nakilat and Maran Gas from 13 to 15 vessels. The two newly added vessels, Woodside Rogers and Woodside Goode, are equipped with modern technology and built by Daewoo Shipbuilding & Marine Engineering Co (DSME).
UAE Marine Environment Protection Association launched in Dubai
The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Environment Protection Association. The signing ceremony took place at the beginning of the 9th Offshore Arabia Conference at Dubai in the presence of the Secretary General of IMO, Mr. Kitack Lim, UAE high standing functionaries and representatives of organizations and companies from within world shipping.
Antwerp and Dakar ports join forces
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa. The Senegalese port of Dakar for its part views the collaboration as a way to position itself as the main regional hub for freight. In order to put an official seal on the future collaboration, the respective port authorities signed a Memorandum of Understanding on Friday this week. Mr.
Port of Antwerp to Help Develop New Dakar Port, West Africa
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa. The Senegalese port of Dakar for its part views the collaboration as a way to position itself as the main regional hub for freight. In order to put an official seal on the future collaboration, the respective port authorities signed a Memorandum of Understanding on Friday this week. Mr.
Grand Bahama Shipyard Names Skentelbery CEO
Grand Bahama Shipyard announced today that its acting chief executive officer David Skentelbery will assume the role of CEO following approval from the ship repair yard’s board of directors. Skentelbery has been with the company since January 2016, initially as chief commercial officer and more recently as acting CEO. Skentelbery has worked in the marine industry for more than 40 years and has served in senior management roles and board positions both in shipping companies and shipyards globally.
Deltamarin Bags Ro-pax Design Contract
Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the yard with basic (approval) and detail design together with Safe Return to Port (SRtP) documentation. The contract covers all disciplines and all areas. The value of Deltamarin’s contract with GSI is about €5 million ($6.2 million).
Logistec Acquires Gulf Stream Marine
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, strengthen its position in a high-growth market in the United States, provide access to an experienced talent pool, facilitate knowledge transfer between the two organizations, and generate immediate positive benefits to shareholders. This acquisition also represents a major expansion of our network of terminals in the USA.
Ethiopia Acquires 19% Stake in DP World Berbera Port
United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route. As the biggest shareholder of the port of Berbera, DP World announced that it would hold 51 percent stake of the project, the Somalis, 30 percent, and Ethiopia, the remaining 19 percent. The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country…
Shipbuilding: Damen's New Journey
The cruise market is experiencing a period of success. The segment has been growing by around 6.7 percent annually for some time now and with strong growth for seen in some markets – notably China – the potential for the industry is considerable. In 2017 alone, some 26 million people embarked on a cruise vacation. Industry trade group Cruise Lines International Association (CLIA) says that this trend is likely to continue, well into the future. There is rising demand for expedition cruise vessels…
WFS Launches Bunker Services in Port Manatee
World Fuel Services (WFS) said it will supply fuel oil and marine diesel from a new physical marine fuel supply location in Port Manatee in Tampa, Fla. WFS said it will have two dual capacity tug and barge units to service the area and has also partnered with Vane Brothers. “World Fuel Services continue to invest in selective physical supply locations. When selecting locations for WFS we carry out an intense risk assessment ensuring we are able to deliver the highest standards of service,” said Joe Gowen, SVP Global Marine Supply.
Survitec Appoints Baines VP, Cruise
Survitec appointed Mark Baines as Global Vice President, Cruise. Based in Survitec’s Miami office, he will build a dedicated sales and operations team focused solely on partnering with cruise clients to achieve their safety and equipment reliability objectives. He joined Survitec on secondment from Survitec’s majority owners Onex in July 2017 and has been heavily involved in the development of Survitec’s go-to-market strategy. He will also retain his current role as Group Strategy Director, reporting to CEO Brian Stringer.
McCumesky Joins Equiom as Yachting Consultant
Equiom has appointed Geoff McCumesky to take on the position of Yachting Consultant, a new role created to meet the growing demands of Equiom’s multi-jurisdictional yachting and crewing services. The appointment comes as the Equiom yachting team gear up for a busy yachting season between now and their flagship event, Monaco Yacht Show, which takes place in September. Geoff has built up knowledge and expertise in the yachting industry over a 20-year career, having previously worked…
DP World, Panama to Strengthen Ties
Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…
Golar LNG Partners Updates on Acquisitions
Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also include a 5% stake in any future incremental earnings generated by the currently uncontracted expansion capacity but do not include exposure to the oil linked component of Hilli's tolling fee. FLNG Hilli Episeyo arrived in Cameroon in late November.
Team Tankers Buys Two Tanker Carriers
Team Tankers International announced that it has entered into share purchase agreements to acquire all outstanding shares in each of Laurin Shipping and Anglo-Atlantic Steamship Company. In combination with associated ship purchases, the total estimated enterprise value of the series of transactions is approximately $206 million. Upon completion of the transactions, Team Tankers will grow its fleet from 37 to 52 vessels. With the acquisition of Laurin Shipping, trading under the Laurin Maritime brand…
OSM Looks to Boost Mozambique Maritime Education
OSM Maritime Group says it is aiming to make the shipping industry accessible to all as part of its involvement in the UN Global Compact (UNGC) initiative. The ship management company,has signed a MOU to re-launch the Mozambican Higher School of Nautical Sciences. It is also actively working to increase the number of females in its global pool of 11,000 qualified seafarers. OSM is one of the first companies in the ship management segment to join the UNGC. The Norwegian-headquartered business has now submitted an initial report detailing its desire to set new industry standards…
Massa Joins North Carolina Ports
North Carolina Ports has hired Benjamin M. Massa as the new Director of Carrier and Trade Development to further grow and expand container business at the Port of Wilmington. “NC Ports has experienced monumental growth in container business in the last year and Ben’s vital role will allow us to continue that growth today and into the future,” said NC Ports Vice President, Trade Development, Hans Bean. Massa brings decades of expertise in the maritime industry with him to NC Ports. Massa previously served as Commercial Director, AVP Sales and Marketing for United Arab Agencies, Inc.
Palau Keeps an Eye Out with Polestar
Palau International Ship Registry (PISR) has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels. Pole Star’s Purple TRAC is a comprehensive ship-centric economic sanctions compliance and risk management service used by shipping companies, ship financiers, insurers, port state agencies and ship registries. Using the latest technology it offers high level monitoring of assets designed to protect both the vessel and crew during operations.
Hyundai Merchant Marine’s Expansion Plans: Drewry
Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry. South Korean carrier Hyundai Merchant Marine (HMM) is back in the news with an impending order for as many as 14 Ultra Large Container Vessels (ULCV) of 22,000 teu and for its intriguing re-entrance into the Asia-Europe market as a vessel provider, with reports suggesting a new standalone service called Asia Europe Express (AEX) using 10 Classic Panamax ships of 4,700 teu will commence in April.
AmeraMex Bags US Orders Worth $665,000
AmeraMex International, Inc., a provider of heavy equipment for logistics companies, infrastructure construction, and tactical military vehicles, said it received multiple equipment orders from two U.S. West Coast customers totaling $665,000. AmeraMex CEO Lee Hamre commented, “Our business prospects here and in Africa a good and we have booked just under a million dollars for the first two months of 2018. The first quarter is historically our slowest quarter as customers, generally for budget and tax purposes…
Ceva Logistics Aims for Pre-summer IPO
Ceva Logistics aims to list on the stock exchange before the European summer as its private equity owner Apollo hopes to take advantage of buoyant stock market valuations, people close to the matter said. Apollo is working with Rothschild as advisor and has mandated Morgan Stanley and Credit Suisse to act as global coordinators for the planned initial public offering (IPO), which may value Ceva Logistics at around $3 billion including debt, the sources said. Apollo, Ceva Logistics and the banks declined to comment.
Tham is President, New Enterprises and Ventures of ST Engineering
Singapore Technologies Engineering Ltd (ST Engineering) announced the appointment of Russell Tham as President, New Enterprises and Ventures, effective March 19, 2018. In this newly created position, Russell will drive the expansion of the Group’s business by building new adjacencies for growth through technology and innovation in verticals outside of the Group’s core businesses in the Aerospace, Electronics, Land Systems and Marine sectors. He will report to the President & CEO.
UAE to the Rescue of DP World’s Container Terminal in Djibouti
The United Arab Emirates (UAE) condemned Djibouti’s cancellation of DP World’s contract to run the Doraleh Container Terminal, calling it an “arbitrary” flouting of a signed agreement, said a report in Bloomberg. Media reports yesterday said that Dubai has accused Djibouti of illegally seizing a port operated by one of its state-owned shipping companies and started legal action against the African government. “Djibouti government’s seizure of the Doraleh port is regrettable,’’ Minister of State for Foreign Affairs Anwar Gargash wrote on Twitter.
Nakilat Posts 2017 Profit of $233
Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million). The earnings per share attained in 2017 was QR 1.53. During the year, Nakilat successfully deployed the company’s strategic plans towards maintaining its global leadership in LNG transportation and the integral role it plays in Qatar’s LNG supply chain. Despite the challenges facing the energy and maritime industry…
IBF secures the rights of dockers to do lashing
The International Transport Workers’ Federation's (ITF) expanded Fair Practices Committee Steering Group (FPC SG) met and approved the terms of the new International Bargaining Forum (IBF) on 23 February 2018 Agreement. In this it highlighted the new terms agreed in Article 4, Non-Seafarers Work or the “Dockers’ Clause”, as it is often referred to, as a significant development in securing work for dockers. The revised clause and the new implementation procedure clarifies the dockers’ right to carry out lashing and other cargo handling services in ports.
Wallén, Scheja Join Ports of Stockholm
In the first half of 2018 two new members will augment the Ports of Stockholm Sales and Marketing force. Johan Wallén, former CEO of the container shipping company Team Lines, will become Director of Sales and Marketing and Stefan Scheja, previously Master Mariner at Tallink Silja, has already taken up his position as Ferries and Cruises Manager. “We are very happy to welcome Johan Wallén and Stefan Scheja. We are well on the way to achieving our vision of rebuilding and expanding our ports, and freight and passenger volumes are steadily increasing across virtually all segments.
European Commission Exempts Mitsui O.S.K. Lines from Penalty
The DG Competition of European Commission (EC) announced that several companies including MOL breached European competition law with respect to car carrier services. Mitsui O.S.K. Lines (MOL) and other shipping companies have been investigated by the EC due to the suspicion of competition law violation. MOL has fully cooperated with the EC during the investigation. Though the EC announced that they found the violation of European competition law and imposed fines, MOL and its subsidiary companies were exempted from all penalty including the fine because EC granted MOL an immunity.
Intermarine Obtains Cyanide Code Certification
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said it has been certified in full compliance with the International Cyanide Management Code (Cyanide Code) by The International Cyanide Management Institute (ICMI). Following an extensive audit process, ICMI found Intermarine’s operations in full compliance with the Cyanide Code's Principles and Transport Practices. The Summary Audit Report and Auditor Credentials Form are available on Intermarine’s Signatory Company Page on the ICMI website.
The Swedish Club Moves Forward on a Firm Footing
The Swedish Club has reported results for the 2018 renewal season in line with its focus on quality business and expert approach to managing current and future risks. Growth is running according to plan and the P&I gross tonnage has moved in excess of the 50 million GT milestone. This follows on from the positive news announced by S&P Global Ratings (S&P) earlier this year, when it revised its outlook on The Swedish Club to positive from stable, affirming the 'BBB+' long-term insurer financial strength and issuer credit ratings for the Club.
Subsea 7 to Invest in Xodus Group
Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Yokohama-based Chiyoda, which provides services in the fields of engineering, procurement and construction on a global basis for gas processing, will retain a 40% holding as a joint venture partner. This investment…
Matson Reports Q4 Earnings Per Share $3.90
Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $503.2 million. The U.S. carrier in the Pacific reported profit of $232 million, or $5.37 per share for the year. Revenue was reported as $2.05 billion. Matt Cox, Matson's Chairman and Chief Executive Officer…
iContainers to Represent Spain at 4YFN
iContainers, a 100% online freight forwarder, has been chosen as one of the 32 most innovative and disruptive companies to represent Spain at the Spanish pavilion at this year’s 4YFN (4 Years From Now), a business platform for startups that’s being held in conjunction with the Mobile World Capital in Barcelona from February 26 to 28 this year. The Spanish pavilion is organized by Spain’s Ministry of Industry, Energy and Tourism’s Red.es entity and ICEX Spain Trade and Investment.
SSG, MPA and Maritime Union to Inject $12.6 mln in Training
The Singapore maritime industry looks well-positioned for the future, with strong support from SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA), and Singapore Maritime Officers’ Union (SMOU) in the form of continued funding for the Tripartite Nautical and Engineering Training Award (TNTA & TETA) Programs worth S$12.6 million. The TNTA and TETA programs will receive funding support from SSG, MPA and SMOU. The two cadet training programs are recognized…
Britannia Appoints Exclusive Correspondent in Taiwan
In a move to maintain the highest possible service levels to its Members in Asia, Britannia P&I has recently made two important changes. In April last year, Britannia’s Managers, Tindall Riley, acquired the club’s Exclusive Correspondent in Japan, Cornes P&I. Renamed Tindall Riley (Britannia) Japan, the acquisition demonstrated the importance of Japanese shipowners to Britannia. “The renaming of the Tokyo office was the immediate change, with the office continuing to provide Britannia’s Japanese Members with outstanding levels of service” said Andrew Cutler, CEO Britannia.
Morch Elected to J. Lauritzen BoD
Danish shipping company J. Lauritzen adds CEO of Norwegian Odfjell, Kristian V. Mørch, and CFO of the cleaning company ISS, Barbara Plucnar Jensen, into its board of directors. "J. Lauritzen A/S in March 2018, Kristian V. Morch, CEO at Odfjell SE, Norway and Barbara Plucnar Jensen, CFO at ISS UK and Ireland will be elected as new members of the Board of Directors of J. Lauritzen," said a press release from the company. In connection with the upcoming annual general meeting, Marianne Wiinholt, CFO & EVP at Ørsted will resign from the Board of Directors of J. Lauritzen. Kristian V.
Emas Offshore Appeals Against Oslo Stock Exchange Delisting
Oslo Stock Exchange has decided to delist the shares of Singapore-based Emas Offshore from trading. The offshore services provider considers this decision detrimental to its ongoing restructuring efforts. The Oslo Stock Exchange released a statement on Monday, February 19 announcing its intention to delist the shares of Emas Offshore Limited with effect from April 27, 2018. Emas Offshore, part of Singapore's Ezra Holdings plans to make an appeal against the decision by March 5. "In the meantime, the Company remains listed on the Oslo Stock Exchange.
Dudson Joins Incat Crowther as MD
Incat Crowther has appointed Ed Dudson as Managing Director of its UK business and as a board member contributing to overall business direction. With more than twenty five years of experience in the design and construction of high performance vessels including fast ferries, wind farm vessels, offshore vessels and patrol boats, Ed’s capability, reputation and integrity are a natural addition to the Incat Crowther brand. Incat Crowther has design offices in Australia, USA and the UK, each capable of responding to client’s needs within the context of the regional market.
Mundra Port, Port of Montreal Sign Cooperative Agreement
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ).
Ocean Yield Acquires Two Handysize Dry Bulkers
Norwegian shipowner Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA). The net cash purchase price is USD 18 million per vessel after a seller's credit. Both vessels are expected to be delivered to the Company during March 2018. LDA has options to acquire the vessels during the charter period, with…
Morén Rejoins MJP
Marine Jet Power (MJP) welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson. Nils originally joined MJP in 1996, during which time he was mainly responsible for sales for 14 years. During his tenure Nils was a key player and helped secure many notable contracts including orders worldwide. Most…