CMA CGM Confirms CSSC Yards for Mega-Ships
CMA CGM, the world's third- largest container line, and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered to date. Representatives from CMA CGM, Hudong-Zhonghua Shipbuilding (Group), Shanghai Waigaoqiao Shipbuilding and CSTC signed the contracts in Marseille on September 19. The order from the French-based container shipping firm underlines a recovery in the industry this year following a prolonged downturn.
THE Alliance Sets $50 Mln Insolvency Contingency Fund
Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event. I support the goal behind this amendment: the smooth and continuous flow of cargo even in the face of another ocean carrier bankruptcy or catastrophic failure.
Seadrill Files Chapter 11 Bankruptcy Protection
Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported. The indebted oil rig firm controlled by Norwegian billionaire John Fredriksen is seeking to restructure its roughly $10 billion debts as the petroleum industry continues to grapple with low prices. Seadrill announced that the court overseeing the Company's chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities.
APPLY: Top 50 Marine Equipment Distributors
In addition to the East Coast, West Coast, Gulf and Great Lakes regions the Top 10 global distributors, as determined by the MR editorial staff, will be featured with a full page editorial profile. For your company to be considered for inclusion, you must apply, either online by clicking here https://distributors.maritimeequipment.com/Company or via email to email@example.com.
The Shipowners' Club Reports Steady Half Year Results
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported steady financial results for the six months ended 30 June 2017, despite challenging market conditions. The Club recorded a 99.3% combined ratio, consistent with previous years. The modest underwriting surplus achieved in the first six months of US$ 0.7m has been supplemented by a favourable return on the Club’s investment portfolio. This portfolio has contributed some US$ 24m of surplus in the first half of the year – a return of 3.7%.
MOL Issues "Safety, Environmental and Social Report 2017"
Mitsui O.S.K. Lines (MOL) has announced the publication of its Safety, Environmental and Social Report 2017 on September 21, 2017. The Safety, Environmental and Social Report 2017 proactively discloses the MOL Group's initiatives on environment, society, and governance (ESG). This year's report contains special features on the materiality (issues to address) that the group should emphasize. Special Feature 1: CSR Dialogue, Special Feature 2: MOL Group Environmental Vision 2030…
Wiernicki Named Mass. Maritime’s Person of the Year
Christopher J. Wiernicki, Chairman, President and CEO of ABS, was recognized for his distinguished career of excellence, innovation and service to the maritime industries by the Massachusetts Maritime Academy (MMA) as this year’s recipient of the Maritime Person of the Year Award on September 21, 2017 in New York City. The honoree is presented with the Captain Emery Rice Medal and awarded annually to a civilian or military leader from around the globe. Named for an 1895 MMA graduate and World War I hero…
New CEO at the Helm of Crystal Cruises
Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15. Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development. He joins Crystal most recently from the Walt Disney Company where he served in various executive roles for 28 years, 10 of which were with Disney Cruise Line where he served as Senior Vice President of Operations. Wolber helped transform Disney Cruise Line into a global cruise line.
Hapag-Lloyd Orders 7,700 New Reefer Containers
This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units. In addition, 1,000 of the new containers are equipped with “Controlled Atmosphere” technology, which slows down the ripening process of various types of fruits and vegetables, thereby allowing them to be transported for longer periods of time while maintaining a consistent quality. Production will already begin in September.
Transas CEO Honored
Transas Chief Executive Frank Coles won ‘gold’ in the Most Influential People of the Year category of the 2017 Golden Bridge Business and Innovations Awards, an award which acknowledges his ability to communicate his vision for the maritime industry in the digital age. The Golden Bridge Awards are an annual industry and peer recognition program based in San Francisco that honors the Best Companies, Products, Innovations, Management Teams, Executives and Influencers from around the globe.
Piraeus Port Pact for Cosco Dalian Floating Dock
The Piraeus Port Authority (PPA) SA has announced the completion of a tender and finalization of a contract with Cosco SH (Dalian) Shipyard for the purchase of a new floating repair dock, an initiative that the port's management has pursued over the past year. The 240-meter floating repair dock will also have a width of 45 meters, a draft of 18 meters and a 205,66t capacity. The dock will be transported and installed in the Perama ship repair zone - west of Piraeus proper - after the completion of necessary infrastructure works in the area.
New Ship Repair Facility in Portsmouth
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine announced that in partnership with Portsmouth City Council it has opened a new ship repair facility within Portsmouth Commercial Port, U.K. Burgess Marine Ltd. and MMD Shipping Services Ltd, part of Portsmouth City Council, launched this new strategic partnership in style with an emergency three-day alongside docking for Wightlink Ferries. Burgess Marine and MMD have been building a relationship over the last few months for the use of Flat House Quay in Portsmouth’s Commercial Port.
Hasuly Joins The Shearer Group
The Shearer Group, Inc. (TSGI) announced a new addition to its naval architecture, marine engineering and marine surveying firm, Anne Hasuly, P.E. Hasuly has recently joined TSGI as a naval architect. She is a licensed Professional Engineer in the state of Texas and holds a B.S. in Naval Architecture & Marine Engineering from the University of New Orleans. Anne is also a member of the Society of Naval Architects & Marine Engineers and the Louisiana Engineering Society. Prior to joining TSGI, Hasuly worked for Aqualis Offshore as a senior naval architect.
Crowley Awards Scholarships to Four Cal Maritime Cadets
Crowley Maritime Corp. awarded four California Maritime Academy (CMA) students with Thomas B. Crowley Sr. Memorial Scholarships during last night’s Containerization and Intermodal Institute’s Connie Awards dinner in Long Beach, Calif. Crowley’s Victoria Ellis, manager, regulatory training, presented the awards to recipients Samuel Comerford, Alex Yonkman, Kent Treptow and Tyler Sayvetz. The scholarships help to further educational opportunities for these students, who were each chosen based on their academic performance, financial need and interest in pursuing a career at sea after graduation.
Loutit Awarded Robert Allan Memorial Scholarship
The trustees of the Robert Allan Memorial Scholarship Trust have awarded the scholarship for 2017 to Taryn Loutit. Loutit is a fourth year mechanical engineering student at the University of Victoria with a passion for and an objective to pursue a career in naval architecture and marine engineering. She has an outstanding academic record and has completed five co-op work terms with marine-related businesses. The Robert Allan Memorial Scholarship Trust was initiated in 1982 from a bequest by the late Robert F. Allan, and with support from his many industry friends and colleagues.
Northwest Seaport Alliance CEO Wolfe Receives 2017 Connie Award
John Wolfe, CEO of The Northwest Seaport Alliance, received the 2017 Connie Award presented by the Containerization & Intermodal Institute in Long Beach, Calif., on Tuesday, September 19. Since the formation of the NWSA in August 2015, Wolfe has led the marine cargo operating partnership of the ports of Seattle and Tacoma. “This is an incredible honor for John and The Northwest Seaport Alliance,” said Tom Albro, Port of Seattle commission president and co-chair of The Northwest Seaport Alliance. “John leads through hard work and a well-grounded vision.
Damen to Open Novorossiysk Service Hub
Damen Shipyards Group said it has signed a Letter of Intent (LOI) with Delo Group of companies, establishing plans to open a service hub in the Russian port of Novorossiysk. According to Damen, the new hub will aim to optimize the services provided to the growing number of Damen vessels operating in the region in addition to strengthening its relationship with the Delo Group. The LOI was signed by representatives from the two companies during the NEVA 2017 trade fair in Saint Petersburg, Russia.
Turnbull Named Senior Advisor at Seabury Capital
Seabury Capital LLC has appointed David M. Turnbull as a Senior Advisor. Turnbull will serve to facilitate Seabury Capital’s expansion of its global product and advisory service offerings in specialty finance, investment banking, technology and software applications. Seabury Capital Chairman, President & CEO John E. Luth commented, “The addition of an experienced and well-respected industry expert such as David Turnbull will advance Seabury Capital’s efforts in serving our clients’ needs.
LGH Acquires JDN’s UK Hire Division
Lifting Gear Hire (LGH) has acquired the Aberdeen-based hire division of JD Neuhaus (JDN) Ltd., a manufacturer of hoists and crane systems for extreme environments. JDN, headquartered in Germany, will retain its other U.K. divisions, including sales and repair, and will remain an LGH supplier. The value of the transaction was not disclosed. The acquisition, which comes less than a year after LGH re-launched in the U.K. after a 10-year sabbatical, further enhances the company’s fleet of JDN products, principally air operated hoists.
Marcura Group Acquires G-Ports (UK) and Falmor
The Marcura Group, a Dubai-based group of companies focused on providing business solutions to the maritime industry, has announced the acquisition of the UK-based companies G-Ports (UK) Ltd., which specialises in port, congestion and commodity tracking data, and Falmor Ltd., a SaaS-based cloud platform for laytime/demurrage management and collaboration. Simon Francis, the Founder & CEO of the acquired companies, has assumed the role of Group Director for Business Development of Marcura's Digital Chartering Services. With these acquisitions and the new Group role for Mr.
RSC Bio Solutions Gains Kawasaki OEM Approvals
RSC Bio Solutions, a provider of high performance Environmentally Acceptable Lubricants (EALs) - hydraulic fluids, gear oils and greases - and industrial cleaners and solvents, said it has received OEM approvals for use in Kawasaki Heavy Industries’ Controllable Pitch Propellers (CPP) and side thrusters. The RSC EnviroLogic HF 68 HP was approved for use in Kawasaki Controllable Pitch Propellers (CPP). RSC EnviroLogic HF 68 HP is a high performance, readily biodegradable, synthetic ISO 68 grade hydraulic fluid.
Superior Industries Appoints O’Hearn as Territory Manager
Superior Industries Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has hired Terry O’Hearn as its new conveyor components territory manager for the southcentral United States. O’Hearn will work with distributors in the region to market and sell conveyor components in Kansas, Missouri, Oklahoma, Arkansas, and Texas. Active in the industry since 1981, O’Hearn has 36 years of experience working with conveyor belting and components. Before starting at Superior, O’Hearn worked for Texas Bearing, helping the company open a new branch in Dallas.
Report: Job Security an Issue for Maritime Execs
Maritime recruiter Faststream has surveyed more than 3,000 of the industry’s senior executives for a report examining maritime executives’ thoughts about their careers. “Business leaders and executives have the most dynamic view of the marketplace, but they are rarely asked about their own careers and what they think about working in the maritime sector,” said Faststream CEO, Mark Charman. The report looks in-depth at job security and motivations, pay and reward, becoming a senior executive, leadership and stress.
Garamendi Receives Navy League's Hirsch Award
U.S. Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA), Ranking Member of the Subcommittee on the Coast Guard and Maritime Transportation, received the Vincent T. Hirsch Maritime Award for Outstanding Leadership from the Navy League of the United States. The ceremony occurred at the California State University Maritime Academy. The Hirsch Award is presented to a distinguished American who has been singularly effective in creating a broader understanding of the importance of the Merchant Marine and the maritime industry to national security.
Kiel Port Prize Goes to Grage of SCA Logistics
The 2017 annual Port of Kiel Prize has been awarded to Jörn Grage, Managing Director of SCA Logistics GmbH. The award was presented on Thursday evening, September 14th, by Dr Dirk Claus, Managing Director of the PORT OF KIEL (SEEHAFEN KIEL GmbH & Co. KG) as part of celebrations to mark the “Sprottenback” – the traditional annual social get-together of companies in the port business community. In a speech honouring the Port Prize recipient, Dirk Claus said: “Jörn Grage has, because of his own personal commitment…
KVH Introduces Videotel Performance Manager
To help maritime operators ensure that crew are training and performing at their peak, KVH Industries, Inc. introduced Videotel Performance Manager. The scope of the Videotel Performance Manager combines the range of training content from Videotel with the power of web-based data analytics – all from KVH. By providing maritime managers with actionable insights about their fleets’ training activities, Videotel Performance Manager is designed to help increase operational efficiency, safety, and crew performance.
MOL Launches 2017 Session of 'One MOL Global Management College'
Mitsui O.S.K. Lines (MOL) has announced that the in-house training program "One MOL Global Management College was launched on September 4. One MOL Global Management College started in 2014 with the aim to improve management skills in a cross-cultural environment and develop the next generation of executives who will be leaders in the MOL Group's global management. The 2017 session marks the fourth year MOL has offered the program. In response to today's global marketplace, the program targets not only employees in Japan…
Spence Takes over as Noise Control Engineering President
Glosten subsidiary Noise Control Engineering, LLC (NCE), a Massachusetts-based acoustical and structural engineering consultancy, said it has appointed Jesse Spence as its next president. As NCE president, Spence will have direct responsibility for organizational processes, market assessment and business development. He accepts this position after serving as NCE’s director of technology. Spence joined NCE in 2001, having led the firm’s efforts to develop and implement technologies and techniques to facilitate solutions to marine acoustic and vibration problems.
Glander International Bunkering Promotes Dubai Management
Marine fuel and lubricant trading firm Glander International Bunkering has made three internal promotions in its Dubai office: former sales manager Morten Langthjem will take on a new role as managing director; Alex Margaritis, former team leader and senior bnker/lubricant trader, will take over Langthjem’s former position as sales manager; and Hernan Ortiz will be appointed to a newly created role as business development manager. “All three of the newly appointed candidates have…
Rickmers to Continue Ship Management under New Owners
German shipping group Rickmers, which filed for insolvency in June, said on Thursday its ship management unit had the all-clear to continue business after it was bought by Bremen-based Zeaborn Group and owner Bertram Rickmers. The company said in a statement that a consortium consisting of Zeaborn and Bertram Rickmers bought the division, which has its main sites in Hamburg, Singapore and Cyprus after they won a bidding process. "It has only taken a few months after preliminary self-administration of the assets of Rickmers Holding AG was ordered to find a solution for continuing the business…
Toyota Material Handling Promotes Lego, Redelman
Toyota Material Handling, U.S.A. (TMHU) said it has promoted Tom Lego and Scott Redelman to its national management teams. Tom Lego has been promoted to national manager of training and the customer center, where he will spearhead all TMHU training initiatives and oversee the Customer Center. Lego joined Toyota Industrial Equipment Manufacturing (TIEM) in 1991 with positions in production control, purchasing and kaizen project management before joining TMHU in 2011 as the customer center manager. In the past year, Lego has also led the technical training team.
Dockwise Bags Marine Transport Contracts Worth $50 Mln
Royal Boskalis Westminster N.V. said its wholly-owned subsidiary Dockwise has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Dockwise was awarded a contract by Husky Oil Operations Ltd. for the transportation of the West White Rose Topside from Texas, U.S. to Newfoundland and Labrador, Canada. The contract includes the engineering, preparation and execution of the loading, transport and discharge operation of the topside.
Matson Launches Okinawa Service
U.S. carrier Matson, Inc. said it has inaugurated service to the port of Naha, Okinawa as part of its expedited China-Long Beach Express (CLX) service. Having received all necessary permits and clearances, the new weekly service made its first call at Naha on September 2, 2017. Westbound transit times to Naha are 17 days from Long Beach, 18 days from Oakland, 21 days from Seattle, and 11 days from Honolulu. Eastbound transits from Naha are 14 days to Long Beach, 17 days to Oakland and 33 days to Seattle.
Thomsen Named Dan-Bunkering (America) Commercial Director
Michel Dominique Thomsen has been promoted to the position of commercial director with Dan-Bunkering (America) Inc. as of August 1, 2017. Thomsen initially started as bunker trader with Dan-Bunkering at the office in Copenhagen in 2005. During his 12 year career, he has been stationed abroad, working as a sales manager for three years, before returning to Copenhagen to become a team leader in 2013. Thomsen is succeeding Jim Jensen who was promoted to managing director of Dan-Bunkering (America) Inc. earlier this year.
New CEO for Pioneer Marine
Pioneer Marine, a global dry bulk handy size transportation service provider, announced today changes in its Senior Management Team. Torben Janholt, who has served as Board Member of the Company since 2013, has been named as the new CEO of Pioneer Marine Janholt is the former CEO and President of J. Lauritzen and the Chairman of Danish Shipowners’ Association (2005-2009). In his new role, Janholt brings vast executive experience to Pioneer Marine. Korinna Tapaktsoglou has been appointed as Chief Financial Officer assuming responsibility for all financing related matters.
Nordic American Appoints New CFO
Nordic American Tankers (NAT) and Nordic American Offshore (NAO) has appointed Bjørn Giaever (50) as Chief Financial Officer (CFO). He is expected to join us later this year and as early as possible. Giaever joins NAT/NAO from the well reputed firm of Fearnley Securities AS with main office in Oslo, Norway. This is an investment bank with special focus on the maritime sectors, where he served as a director and partner in the Corporate Finance division. Giaever has more than 20 years of experience in the shipping industry, holding key roles in corporate finance and equity research.
Columbia, Marlow Receive Regulatory Approval for Merger
Columbia Shipmanagement and Marlow Navigation announced confirmation of regulatory approval allowing their previously reported intended merger to proceed. The merger brings together two of the shipping industry’s privately owned shipmanagement companies. Columbia Marlow will continue focus on its core services of technical and crew management, together with whatever support services are required by its clients.
China Merchants Port's 1H Profit Soars 86%
Hong Kong-Listed China Merchants Port Holdings reported an 86% surge in first-half net profit, thanks to a one-off gain and higher volume handled by the company's ports. Net profit attributable to shareholders rose to HK$3.15 billion ($402.5 million) from HK$1.69 billion a year ago, the company said. Profit for core ports operation came in at HK$2.45 billion. Revenue for the period rose 5% to HK$4.05 billion. "The economic indicators of the second quarter this year indicated continuous growth of economic activities around the world.
Coast Guard Foundation: Harvey Relief
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, has activated its Disaster Relief and Response Fund to assist Coast Guard Members impacted by Hurricane Harvey. “As we see the hurricane rescue efforts unfold, we bear witness to the skill and expertise of the men and women of the United States Coast Guard,” said Susan Ludwig, president, Coast Guard Foundation. “These brave men and women are…
‘Lunch-and-Learn’ Planned for Fleet Optimization Conference
The organizers of SHIPPINGInsight 2017 say a Lunch-and-Learn program will be held during the annual Fleet Optimization Conference & Exhibition, to be held October 10-12, at the Stamford Marriott Hotel & Spa in Stamford, Conn. The Lunch-and-Learn event on Wednesday, October 11 will feature sponsored topic-table discussion groups, which will address timely, themed issues. Each table will be hosted by a representative of the sponsoring company, who will lead and moderate the discussion about the designated subject.
PBES Hires Christensen to Develop Mediterranean Markets
Plan B Energy Storage (PBES) has announced Sven Thy Christensen has joined the firm to develop marine and power markets in the Mediterranean region. Christensen brings decades of experience of green solutions for ship efficiency, emissions reduction, and power generation including diesel and gas generation, wind, and solar energy. Christensen comes from Odense Maritime Technology, where he held the position as Sales & Business Development Director. Prior to this he worked for MAN Diesel & Turbo in Spain.
Bekkenes Steps Down from Palfinger President Post
Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. “With the strengths that lie within the company, both in terms of personnel and products, Palfinger Marine is very well positioned to be the preferred supplier of cranes, lifesaving equipment and winches for vessels and installations worldwide. I feel that the time is right for me to step down and seek new challenges,” said Bekkenes. Coming from the role of CEO of Harding Safety, Styrk has been the President of Palfinger Marine since January of this year.
SCF's Balancing Act in Tanker Market
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to take advantage of the future upswing in these markets when it comes. The first half of 2017 was very challenging for global tanker markets, with spot freight rates in all market segments nearing their historic lows. This has impacted severely upon the profitability of those owners focused solely on conventional shipping, said a press statement from SCF Group quoting Sergey Frank, President and CEO of PAO Sovcomflot.
Cernak Elected Chairman of Florida Ports Council
Port Everglades Chief Executive/Port Director Steven Cernak will succeed Port Tampa Bay Director Paul Anderson as chairman of the Florida Ports Council, a professional association of Florida’s public seaports, providing advocacy, leadership and research on seaport-related issues before state and federal government. “Steven Cernak has been an invaluable member of the Florida Ports Council. His extensive experience at numerous ports around the nation is a great asset to capitalize on the strengths of Florida’s diverse seaport system,” said Florida Ports Council President and CEO Doug Wheeler.
Blanchard Named President of Association of Pacific Ports
The Port of Stockton Commissioner Dr. Elizabeth “Liz” Blanchard has been named President of the trade association Association of Pacific Ports (APP) for 2017-2018. The appointment was announced at the recent 104th Annual Conference of the APP held in American Samoa. Her tenure as APP President officially began August 1. Founded in 1913, the APP provides education and information to promote the efficiency and effectiveness of Pacific Ports. APP programs are designed to enhance the technical capabilities and governance expertise of port officials through meetings…
Bahri Ship Management Complies with EU MRV
Bahri Ship Management, one of the six business units within transportation and logistics company Bahri, said it is in compliance with the submission of EU MRV (Monitoring, Reporting, Verification) plans for the full fleet, ahead of the deadline. At present, Bahri Ship Management operates 39 VLCCs, 23 chemical tankers, 10 product tankers, fivebulk carriers and six ROCONs. Seven further VLCCs are on order, with deliveries expected to be completed by May 2018. To comply with the EU MRV Regulation…
Rickmers Maritime Wound Up
Rickmers Trust Management, a trustee-manager of Rickmers Maritime, informed that the trust has been wound up. The units of the trust and its notes shall cease to exist, said its trustee-manager in a Singapore Exchange (SGX) filing. The trust has made final distributions to unsecured creditors, representing a recovery of about 12.1 per cent. "There will be no further distributions or payments, cash or otherwise, to the unsecured creditors of the Trust, including the holders of the S$100 million 8.45 per cent. notes due 2017.
Cosco Shipping H1 Net Profit Up 42%
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence. The solid economic and trade growth brought about long-awaited signs of recovery for the shipping industry. The rational competition and cooperation in the shipping industry further facilitated the positive growth momentum in the shipping market.
Speedcast, Danaos Partner on Maritime Digitalization
Speedcast International Limited, the provider of remote communication and IT solutions, and Danaos Peripherals announced a strategic alliance agreement under which the two companies will combine maritime communications with advanced application management developed by Danaos. Within 2017, the two companies will jointly release a remote and autonomous IT system on board a vessel, leveraging key technologies such as big data analytics, internet of things (IoT) and cyber security.
Abu Dhabi Ports Celebrates Emirati Women’s Day
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah Terminals at the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD), celebrates Emirati Women’s Day, in recognition of the outstanding contributions of the Emirati women at Abu Dhabi Ports. Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, expressed his deep pride in Emirati women’s accomplishments in the UAE and in the company…
Petroleum Geo-Services Appoints Rune Olav Pedersen as President & CEO
The Board of Directors of Petroleum Geo-Services ASA (PGS) has appointed Rune Olav Pedersen (47) as the new President & CEO of the Company. He will succeed Jon Erik Reinhardsen on 1 September 2017. "The Board has run a thorough succession process since early spring, and assessed a number of very qualified Norwegian and international candidates. With the appointment of Mr. Pedersen, PGS will get a CEO with deep knowledge of the Company and industry and with strong execution capabilities. We look forward to working closely with Mr. Pedersen in the time to come," says Chairperson Walter Qvam.
Capital Product Bags 3 MR Charters
Capital Product Partners, an international diversified shipping company, announced that it has secured new time charter employment for three Medium Range (MR) Product Tankers. The M/T 'Amadeus' (50,108 dwt, IMO II/III Eco Chemical/Product Tanker built 2015, Samsung Heavy Industries (Nigbo) secured employment with Repsol Trading for one year (+/- 30 days) at a gross daily rate of $14,500. The charterer has the option to extend the time charter for an additional year (+/-30 days) at a gross daily rate of $14,750. The new charter will commence in October 2017.
MST, Reederei Indicted for Falsifying Pollution Records
The U.S. Justice Department announced a federal grand jury in Portland, Maine, returned a nine-count indictment today charging MST Mineralien Schiffarht Spedition Und Transport GmbH (MST) and Reederei MS “Marguerita” GmbH & Co. Geschlossene Investment KG (Reederei) with failing to keep accurate pollution control records and falsifying records. The charges stem from the falsification of records in 2016 and 2017 designed to cover up overboard discharges of oily mixtures and machinery space bilge water from the Liberian-flagged cargo vessel, M/V Marguerita.
Alexander Acosta visits APM Terminals
APM Terminals Pier 400 Los Angeles hosted U.S. Secretary of Labor R. Alexander Acosta today, as he toured the world’s largest proprietary container terminal, and met with leadership officials of the International Longshoremen and Warehouse Union, (ILWU) and the Pacific Maritime Association (PMA) as his first official visit to an American port operation since being confirmed as a member of the Trump Cabinet in April this year. The Port of Los Angeles is America’s busiest container port…
CMA CGM Builds up South American Presence
Following its move to acquire MERCOSUL from Maersk Line, the CMA CGM group has furthered its development strategy in South America by reshuffling its container shipping services between the East Coast of South America and Europe with North of Europe and the Mediterranean. SAFRAN will start in Rotterdam on September 27, 2017, calling at the ports of Rotterdam / London / Hamburg / Antwerp / Le Havre / Algeciras / Santos / Paranagua / Buenos Aires / Montevideo / Itapoa / Paranagua / Santos / Pecem / Tangier.
Danos Names Carter Coatings Operations Manager
Danos has promoted Clay Carter as coatings operations manager, a position with responsibility for all day-to-day activities of the company’s coatings service line. The appointment follows Carter’s tenure as acting coatings operations manager since 2016. A native of Sugar Land, Texas, Carter attended the U.S. Naval Academy and went on to serve six years in the Navy. He joined Danos in 2013 as a project manager, eventually moving up to senior project manager in 2016 as he began to oversee the company’s coatings operations.
OOCL Increases Scope of GHG Reporting Verification
Hong Kong-based container shipping company OOCL said it has made progress in its pursuit of higher standards and transparency in Greenhouse Gas (GHG) reporting. According to classification society Lloyd’s Register, OOCL has not only met the GHG Scopes 1 and 2 inventory verification requirements that it announced last year, but also for Scope 3 which focuses on indirect emissions associated to air travel by employees of its Hong Kong office and as defined in the "Greenhouse Gas Protocol – A Corporate Accounting and Reporting Standard".
Hotz Joins National Maritime Law Enforcement Academy
Thirty-year marine industry veteran John R. Hotz has accepted the position as the Assistant Director at the National Maritime Law Enforcement Academy (NMLEA), which together with its International Maritime Law Enforcement Academy (IMLEA) provides education, consulting services, resources and training for law enforcement officers, public safety professionals, military members, ports and waterside critical infrastructure personnel. Following a vision and leadership of Admiral Siler, a former U.S.
King Abdullah Port Throughput up by 14% In H1 2017
King Abdullah Port announced the increase of its throughput to 821,694 TEU in the first half of 2017, representing an increase of around 14% compared to the same time last year, where the throughput was 720,483 TEU. The port also announced an increase in the number of vessels received during the same period, reaching 398 vessels compared to 349 in the first half of 2016, also representing a 14% increase. In its report on the merchandise exports and imports of the Kingdom, the General Authority for Statistics revealed that the imports of King Abdullah Port increased by 60.7% in May 2017…
Emirati Women Graduate Abu Dhabi Maritime Training Center
Abu Dhabi is marking a new milestone, as the first three Emirati women graduate as masters (Captain) of 24-Meters vessels from the Maritime Training Centre at Abu Dhabi Ports. Abu Dhabi Ports is the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, in addition to the container terminal at Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD). Ahead of Emirati Women’s Day, Sahar Rasti, Fatema Al Khaja and Mahra…
Grindrod Plans to Spin off Shipping Business
Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business, has held the view for many years that the value of its shipping services was not fairly reflected in its share price. Executive Chairman Mike Hankinson said the board has resolved to investigate a separate listing of the business offshore.
FairfieldNodal to Acquire WGP
FairfieldNodal is in advanced discussions with Thalassa Holdings to acquire WGP Group Ltd., a premier provider of marine geophysical services headquartered in the U.K. FairfieldNodal continues to seek opportunities to strengthen and expand its technology portfolio, and transform itself into a world-class provider of integrated life of field seismic services, data and data analytics over the next three to five years through a combination of strategic partnerships and acquisitions.
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.
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.
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…
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.
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.
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.
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.
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.
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.
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…
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.
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.
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.