28307 members and growing – the largest networking group in the maritime industry!

LoginJoin

Wednesday, October 18, 2017

Glenn Hong (Photo: Saltchuk)

Hong to Take up New Role at Saltchuk

Young Brothers, Ltd president Glenn Hong will retire at the end of the year to undertake a new leadership role with parent company Saltchuk, focusing on Hawaii business initiatives effective January 1, 2018. Hong began at Young Brothers in 1991 as vice president of finance and government affairs, coming from Hawaiian Electric Industries. In 1992, he assumed the presidency and immediately set to work to infuse the organization with a customer-driven mindset. Hong joined the Saltchuk organization in 1999…

 Normand Oceanic. Photo: Subsea 7 S.A.

Subsea 7 Acquires Normand Oceanic

Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party. The Group will assume all obligations related to an outstanding loan of approximately $100 million.

(Photo: Bahri)

Bahri Reinforces Americas Commitment

Reinforcing its three-decade-long presence in North America, transportation and logistics firm Bahri took part in Breakbulk Americas, being held from October 17-19, in Houston. The Bahri booth at Breakbulk Americas was opened by Mr. Sultan bin Abdullah Al-Angari, Consul General of Saudi Arabia in Houston, during a ribbon-cutting ceremony on the first day of the annual event in the presence of Amal Al-Ruwaii, Director for Trade and Investment, Embassy of the Kingdom of Saudi Arabia in United States of America…

(Photo: Genco Shipping & Trading Limited)

Genco Opens Singapore Office

Genco Shipping & Trading Limited said it has opened an office in Singapore and has appointed Ivo Kempenaer as Vice President and Commercial Director, Head of Major Bulks. “Genco continues to take important steps to optimize our commercial strategy and enable the company to more fully capitalize on its leading and sizeable operating platform. We are excited to establish a Singapore presence and grow our footprint globally, supporting our efforts to offer a full-scale logistics solution and strengthen relationships with leading iron ore producers and charterers worldwide.” John C.

(Photo: TOTE Maritime)

TOTE Says San Juan Productivity Improving

TOTE Maritime said it continues to see an increase in overall productivity at the Port of San Juan as more and more containers leave the terminal for communities around Puerto Rico. On Monday the terminal reached 87 percent productivity with more than 330 loads of relief and commercial goods leaving the terminal. TOTE Maritime has been working closely with partners including the Department of Homeland Security, American Red Cross, FEMA, the Puerto Rican government, the Government’s Elderly Support Team and customers as they deliver goods to the island.

Photo: Royal IHC

Royal IHC Buys Into Rotterdam Offshore Group

Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG). The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the addition of a dedicated facility in Rotterdam, which has uninterrupted access to open sea. Rotterdam Offshore Group has a strong reputation in the worldwide maritime and offshore industry for dockside and on-site services. Located in Rotterdam, ROG has lay-by facilities for vessels up to 300m, heavy-lift crane capacity, a large yard area and a fully equipped workshop.

Photo: AW Ship Management

St Helena Line Seeks Buyer for Vessel

St Helena Line has announced that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena from service in February 2018 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale. Operated by St Helena Line Ltd (SHL) on behalf of the St Helena Government (SHG), the RMS has been part of the Island’s history for over quarter of a century and provided the sole regular means of access to the Island, a remote UK Overseas Territory located 1200 miles off the West coast of Africa in the South Atlantic. She was built in the UK in 1990 specifically for the St Helena route.

(l-r)  Peregrine Storrs-Fox, Risk Management Director, TT Club; Ken Rohlmann, Senior Director Cargo Service, Hapag-Lloyd (Winner: Hapag-Lloyd Cargo Patrol) ;  Joseph Westwood Booth, IMO’s Senior Deputy Director, Maritime Safety (Photo: TT Club)

Hapag Lloyd Receives Innovation in Safety Award

The TT Club Innovation in Safety Award is now in its second year and the winner was announced at ICHCA’s 65th Anniversary Conference in Las Palmas this week. The Award is aimed at identifying innovative developments that engender greater safety and efficiency in the intermodal supply chain. Following the inauguration of the award last year, TT Club and ICHCA have been delighted with the response of the industry, which resulted this year in some twenty-two high quality entries, each revealing exciting and proven improvements to supply chain practices.

Photo: WISTA Int'l Executive Committee (Photo: WISTA)

WISTA Elects New President, Secretary

Women's International Shipping and Trading Association (WISTA) elected Despina Panayiotou Theodosiou, CEO of TOTOTHEO Maritime, as International President and Diane Edwards, General Manager People, Systems and Technology Ports of Auckland as International Secretary at their 37th International Annual General Meeting in Rotterdam, The Netherlands on October 4, 2017. Despina Panayiotou Theodosiou is the CEO of TOTOTHEO Maritime, a leading maritime technology and satellite communications enablement business.

Poelma Promoted to President of CCM

Consolidated Chassis Management, LLC (CCM) has announced that effective October 1, Jon Poelma has been promoted to President and Chief Operating Officer (COO). Poelma joined CCM in early 2012 as Senior Vice President of Operations, with over 20 years in the intermodal and port drayage industry. Poelma will retain his title as COO of CCM, a role he’s held since 2015, and continue to oversee CCM’s operations. As President, he will work closely on strategic planning and business development with the CCM Board.

Image: Box Office Warehouse Suites

A Business Park Made of Shipping Containers

Container King of Dallas has recently signed a deal with local developer Ron Sturgeon to build 38 innovative, eco-friendly, state-of-the-art commercial spaces made from shipping containers. Box Office Warehouse Suites is due to open in the Alliance commercial real estate area in Texas. Sturgeon explained the process: "We sandblast them, paint them nice and pretty, bring in a professional design firm, tastefully add paneling, floors, ceilings, windows, and carpeting, and before you know it you have industrial space perfect for small businesses…

CMA CGM Adds Port Call in Tripoli

CMA CGM said it will expand its service offering to and from Lebanon by serving the port of Tripoli, Lebanon's second largest commercial port after Beirut, on a weekly basis. With its WEMED service linking the eastern Mediterranean countries with those in the west, the port of Tripoli will become the second stop in Lebanon, linking this production area to France, Spain, Algeria, Turkey and Egypt. CMA CGM said this new offer is aimed at local exporters located in northern Lebanon, who generates more than 20 percent of the country's trade volumes.

Two Join Ports of Indiana Commission

Monica Newhouse-Rodriguez and Michael Browning have been appointed by Indiana Governor Eric J. Holcomb to the Ports of Indiana Commission. Newhouse-Rodriguez is managing principal of Newhouse and Associates, a national airport consulting firm which provides airport planning, capital management and development services. Browning is the former president and CEO, and now chairman of the board, for Browning Investments, the largest developer of industrial distribution facilities in central Indiana.

Sailors’ Society’s CEO Stuart Rivers (Photo: Sailors' Society)

Pirate Attacks Still a Major Concern -Sailors’ Society

Global piracy continues to be a concern in the Gulf of Guinea, Southeast Asia and Venezuela, according to statistics released yesterday by the International Chamber of Commerce’s International Maritime Bureau (IMB). In the first nine months of 2017, 121 incidents of piracy and armed robbery against ships were reported, including 92 vessels boarded with five hijackings, 11 attempted attacks and 13 vessels fired upon. While this is a decrease compared to statistics from the same period in 2016…

Photo: Pasha Hawaii

Pasha Hawaii to Deploy Jones Act Vessel to Puerto Rico

Pasha Hawaii will provide the U.S. Jones Act vessel Horizon Spirit to ship hundreds of containers from the West Coast in support of hurricane relief and rebuilding efforts in Puerto Rico. The Horizon Spirit serves as a drydock reserve ship in Pasha Hawaii’s container service between the mainland and Hawaii. Pasha Hawaii is partnering with family-owned Lipsey Mountain Spring Water, the nation’s largest governmental bottled water supplier for disaster relief, to bring approximately…

Image: ZIM Integrated Shipping Services Ltd

ZIM Seven Stars Express Service to Add a Kaohsiung Call

ZIM is pleased to announce that starting November 2017, ZIM’s popular Seven Stars Express Service (Z7S) will add a call in Kaohsiung, Taiwan, offering unique advantages to customers, said a company press release. The service includes: Direct access to New York Maher terminal, Unique product linking Kaohsiung and Wilmington, NC, Fast transit time from Wilmington and Savannah; A premium product for USA exports to Taiwan, Calling Terminal 5, Pier 77/78 in Kaohsiung, for easy access from main manufacturing areas and End of the week departure from Kaohsiung.

Photo: Roll Group

BigRoll to Continue as Part of Roll Group

BigRoll will continue  services as part of Roll Group. With the merger of the BigRoll organization, Roll Group will expand its fleet with of two module carriers in combination with the five existing multifunctional heavy lift, semi-submersible Ro-Ro vessels. The combination of BigRoll and RollDock allows for greater flexibility and enables Roll Group to provide improved Ro-Ro solutions to clients. Roll Group can benefit from the many years of engineering and project execution experience of RollDock and BigRoll at sea and Roll-Lift on land.

Q88 LLC Opens Office in Athens

Q88 LLC, a software as a service technology provider to the maritime industry, has opened an office in Athens, Greece. According t o the company, the new office further increases the its presence in Europe and will serve as a key hub for client relations and business development. “The Greek shipping community is so important to our success as a company and the industry as a whole. Having a presence in Greece is something we are very excited about. The Athens office will allow us to further strengthen relationships in the region and allow us to tap into the pulse of the industry…

Tristan Greaney and Sir Alan Massey (Photo: MCA)

MCA Officer Trainee of the Year Honored

A trainee marine engineering officer says he’s received a massive boost in confidence after being awarded the Maritime & Coastguard Agency’s Officer Trainee of the Year award. Tristan Greaney, 27, from Cornwall is a Third Marine Engineering Officer for Princess Cruises. He took a Light Marine Engineering course in Falmouth, acquiring hands on experience as well as completing a number of course work projects. He received his award, presented on behalf of the Shipping Minister,  from Sir Alan Massey, Chief Executive of the MCA as part of the Marine Society and Sea Cadets Annual Court (MSSC).

(File photo: Clipper Group)

Clipper Bulk Consolidates

Denmark based Clipper Group said it will simplify its operational and administrative setup in its core business area, the dry bulk market. Clipper will concentrate its bulk business in Copenhagen, Houston and Hong Kong going forward, closing its offices in Stamford, Sao Paulo, Rio de Janeiro, Singapore and Beijing. The company's offices in Barranquilla, Tokyo and Nassau will remain unchanged. “We want to make communication more effective and our response time to market changes shorter.

Carlos del Corral (Photo: iContainers)

iContainers Hires Barcelona Office Director

Online freight forwarder iContainers appointed Carlos del Corral as Director of Sales and Operations of its Barcelona office. Del Corral possesses over 20 years of experience in the logistics sector and is a veteran in the transformation of processes and systems in the sector. At iContainers, he will manage the strong growth that the online freight forwarding company has experienced in recent months. This includes accelerating the development of new products and services rooted in technology and innovation.

RMI Registry Strengthens Support for Japanese Owners

International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries, has appointed a new Technical Officer in its Imabari office, strengthening its support and services for the Japanese ship owning market. “We now have more than 400 employees in our 27 offices worldwide and by hiring an extremely experienced technical officer in Imabari, who understands every aspect of vessel safety and day-to-day operations…

Henrik Hyldahn (Photo: ShipServ)

ShipServ Names Hyldahn as SVP, Business Development

Maritime e-procurement platform ShipServ has appointed Henrik Hyldahn to the position of senior vice president, business development. Based in ShipServ’s Copenhagen office, Hyldahn will focus on developing the business’ new ventures. Hyldahn joins ShipServ with a wealth of knowledge and experience in the marine business, gleaned through previous roles from both the supplier and buyer sides. Before joining ShipServ, Hyldahn was chief information officer at global maritime services group Seven Seas…

(Photo: SHIPPINGInsight)

Maersk Tankers, ShipNet Win SHIPPINGInsight Award

The 2017 SHIPPINGInsight Award was presented to Maersk Tankers and ShipNet at the 6th Fleet Optimization Conference & Exhibition in Stamford, Conn. The award is presented annually to honor a shipping company and its technology partners for the successful implementation of an innovative technology or initiative that advanced the state of the art in fleet optimization. The award winners each received a binnacled captain’s clock in a polished wooden case as well as framed certificates.

MSC, Zim Continues Joint Black Sea Service

MSC and Zim announced that the joint Black Sea service, to meet agricultural season demand, will continue during 2017-18.   The service will continue to operate at the following rotation: Alexandria – Ashdod – Novorossiysk – Alexandria   The service will commence in Ashdod on week 44, November 2nd 2017.   The weekly service, operating two vessels, will have a fixed Ashdod Friday departure. The joint service offers an optimal solution for agricultural exporters, reliable and with excellent transit time.

Rimthan Registration (Photo: Bahri)

Saudi Flag Raised on Bahri's VLCC Rimthan

The Public Transport Authority (PTA) has raised the Saudi flag on Rimthan, one of the latest VLCCs received and owned by Bahri, a leader in transportation and logistics. Under the supervision of PTA, the ceremony of Rimthan’s registration under the Saudi flag took place on Sunday, October 8, 2017, at Port of Ras Tanura in the Eastern Province of Saudi Arabia, and was attended by senior officials of both PTA and Bahri. Thus, Rimthan became the 40th Saudi VLCC, owned and operated by Bahri. H.E. Dr.

M/V River Globe Photo: Globus Maritime Limited

Globus Maritime Posts 63% Increase in Revenues

Globus Maritime Limited, a dry bulk shipping company, yesterday reported its unaudited consolidated operating and financial results for the six month period ended June 30, 2017. Athanasios Feidakis, President, Chief Executive Officer and Chief Financial Officer of Globus Maritime Limited, stated: “As the year evolves we are pleased with our efforts bearing fruit. In the first half of 2017 we saw our total revenues increase by 63% compared to the same period last year, we were also able to reduce our debt by about 30% again compared to the first half of last year." He continued…

Africa Mercy

Concordia Maritime Supports Mercy Ships Cargo Day

Mercy Ships Cargo Day is being held for the second year, and Concordia Maritime is one of the companies supporting the activities on board Mercy Ships’ hospital ship. The participants can either donate part of their commission this day or choose a sum of money they want to donate, which they can also do after October 4. Ship owners, brokers, charterers, port agents and marine transport companies are invited to participate and make a contribution to the poorest people in the world. Concordia Maritime also contributed last year when Mercy Ships Cargo Day was launched for the first time.

Vitol Returns for $8 Bln Loan Refinancing

Geneva-headquartered energy and commodities trader Vitol has signed an US$8bn loan refinancing of credit facilities agreed in October 2016, the company announced on Wednesday. The revolving credit facility, which is used for working capital and general corporate purposes, comprises a three-year tranche and a 364-day tranche. The three-year tranche totals over US$7bn. ABN AMRO Bank, Commerzbank, Credit Agricole CIB, HSBC Bank and ING Bank were active bookrunners on the transaction.

Photo: Pioneer Marine

BaltNav to Handle Part of Pioneer Marine's Fleet

Pioneer Marine, a leading shipowner and global drybulk handysize transportation service provider enters into cooperation with BaltNav A/S, Copenhagen. The owner of 16 handy size bulk carriers commenced as of October 3rd, a cooperation with the Danish operator BaltNav. Part of Pioneer Marine's bulk carrier fleet will thereafter be commercially operated by BaltNav who already operates a fleet of about 15 handysize vessels. Dimitris Papoulis, S.V. Pioneer Marine is a leading ship owner and global drybulk handysize transportation service provider.

(Photo: Harley Marine Services)

Harley Marine Hires Adlakha as CFO

Harley Marine Services is pleased to welcome Sterling Adlakha to its executive team where he will assume the role of Chief Financial Officer. A graduate of the U.S. Coast Guard Academy, Sterling served 10 years in the U.S. Coast Guard. He began his career as an engineer on a 210' cutter before moving to the West Coast and becoming a double-ended marine inspector and plank owner of the country's first Sea Marshal program following the 9/11 terrorist attacks. He later earned a Masters…

Photo: CGG

CGG Wins Creditor Support for Chapter 11 Plan

CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of New York by CGG SA’s 14 main foreign, direct and indirect subsidiaries, each a borrower or guarantor in respect of CGG Group’s funded financial indebtedness, have accepted the plan overwhelmingly. Specifically, all holders who have cast ballots in respect of the Secured Loans, and 97.14% in number and 97.96% in amount of those casting ballots in respect of the Senior Notes…

Photo: DONG Energy A/S

Dong Energy Changes Name to Orsted

Following the profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the name DONG Energy does not fit the company anymore. Consequently, DONG Energy has today called an Extraordinary General Meeting to ask the shareholders of the company to approve a change of the company name to Ørsted. Thomas Thune Andersen, Chairman of the Board of Directors, says: “DONG was originally short for Danish Oil and Natural Gas.

(Photo: The Interlake Steamship Company)

Interlake Steamship Joins Green Marine

The Interlake Steamship Company has become the first U.S. Great Lakes ship owner to join Green Marine, a voluntary environmental certification program for the maritime industry in North America. As the largest privately held U.S.-flagged fleet on the Great Lakes, the Interlake Steamship Company is propelled by a long-term vision to make its vessels the most efficient and environmentally responsible in the shipping industry. “Green Marine certification aligns well with our strategic initiatives regarding the environment,” said Mark W.

(Photo: SOFRANA Unilines)

CMA CGM to Acquire SOFRANA Unilines

CMA CGM announced it will purchase through its subsidiary, ANL, the majority of the shares in SOFRANA Unilines, a key player in the Pacific Islands regional maritime trade. With operations in the South Pacific region for almost 50 years, SOFRANA Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands. Together with CMA CGM’s ANL, who already offers 16 trade lanes servicing major ports throughout Australia…

Photo: DP World

DP World to Develop Logistics Plan for Mali

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, met with the President of Mali, Ibrahim Boubacar Keïta, last week to discuss a trade and logistics master plan to unlock the resource rich country’s economic potential. The plan includes a transportation and logistics strategy with electronic customs processes, replicating DP World’s successful model with Dubai Trade at its flagship Jebel Ali Port and Freezone in Dubai. Regional trade in West Africa connects through ports such as DP World Dakar in Senegal to international markets.

DP World Jebel Ali. Photo: DP World

DP World to Expand in African Market

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem has met with Senegalese President Macky Sall as part of a tour of West and North Africa to confirm development of infrastructure projects in the country. The discussions, attended by Prime Minister Mohammed Dionne and senior government officials, confirmed the plan for Port Du Futur with construction to start before the end of 2018 together with agreement on land allocation for the associated freezone. Meanwhile, DP World will also provide a master plan for redevelopment of the old port of Dakar.

(Photo: MacGregor)

MacGregor Sets up Head Office in Singapore

MacGregor, part of Cargotec, has established a head office in Singapore, bringing to an end a period of more than three years where the company operated with a virtual head office. MacGregor president Michel van Roozendaal and vice president of finance Jani Oksanen will relocate to Singapore as of October 1, 2017. With a global customer base and large geographic span of operations, MacGregor said it will maintain its strong presence in Europe, where a majority of the company's competence centers are located.

Photo: Kalmar Global

Kalmar, K-Motion Heading to China

Kalmar, part of Cargotec, has received the first order of Gloria reachstacker with K-Motion Technology from Kunming Tianfu Logistics Co. Ltd. in China. The order was booked into Cargotec's 2017 third quarter order intake with delivery scheduled on September 2017. Kunming Tianfu Logistics Co., Ltd. is a well-known logistics company in the Yunnan Province, specialising in logistics and transportation services to large corporations within the region. The new equipment will join a fleet of four existing Kalmar reachstackers to support the company's growth in railway transport business. Mr.

Photo: Hapag-Lloyd

Hapag-Lloyd to Raise Capital Following Merger with UASC

Hapag-Lloyd AG will now carry out the capital increase that was agreed upon as part of the merger of Hapag-Lloyd and UASC. The gross proceeds are expected to amount to approx. EUR 352 million (approx. USD 414 million). The official merger of the two companies occurred on 24 May 2017. At the Annual General Meeting on 29 May 2017, the shareholders approved new authorised share capital for a capital increase. The capital increase is backstopped by the primary shareholders CSAV Germany Container Holding GmbH…

Photo: APM Terminals

APM Terminals Announces New Labor Pool

APM Terminals Gothenburg has signed an agreement with the staffing agency Adecco to hire temporary personnel effective 1 October 2017 to address adhoc extra staffing needs at peak times. “The main work carried out at our container terminal will continue to be performed by our permanent staff. But this collaboration with Adecco enables us to increase reliability and flexibility during those times when we require extra staffing to handle our customer requests in a faster, more responsive, customized manner,” said APM Terminals Gothenburg Managing Director, Henrik Kristensen.

Lesley Warrick (Photo: Seafarers' House)

Seafarers’ House Warrick Named ICMA Trustee

Seafarers’ House at Port Everglades has announced that Executive Director Lesley Warrick was appointed a trustee of the International Christian Maritime Association (ICMA). Warrick, who also is vice president of the board of the North American Maritime Ministry Association (NAMMA), will represent North American concerns within the international organization. ICMA is an ecumenical association of 28 Christian organizations, representing different churches and Christian communities.

Tomi Gardemeister, CEO and President, Evac Group

EVAC to be Acquired by Bridgepoint

Evac is to be acquired by private equity group Bridgepoint. Headquartered in Espoo, Finland, Evac was established in 1979 and to date has successfully completed over 20,000 marine, 2,000 offshore, and 2,000 building projects for customers around the world. The company has offices in Brazil, China, Finland, France, Germany, South Korea, Norway, Sweden, and the USA, as well as representatives in more than 40 countries. Since 2014 Evac has been owned by the IK VII Fund. In the course of the fund’s ownership…

File Photo:  China State Shipbuilding Corporation

CSSC to Restructure

The primary contractor for China's naval force China State Shipbuilding Corp (CSSC) is preparing a major asset reorganization involving its two subsidiaries, reported China Daily. The companies have halted stock trading on the Shanghai Stock Exchange The announcement said that whether the reforms take place would be decided in the next 10 trading days. CSSC Holdings Ltd and CSSC Offshore and Marine Engineering Co Ltd both acted upon the notices from their parent company about the potential asset reform by suspending their stock trading. The CSSC group is the parent of three listed companies.

(Photo: Bahri)

BahriBolloré Logistics Launched in Riyadh

Transportation and logistics company Bahri, together with Bolloré Group, a global player in international freight forwarding and logistics, celebrated the official inauguration of the companies’ joint venture, BahriBolloré Logistics. Bahri owns a 60-percent stake in the joint venture, while Bolloré owns the remaining 40 percent. Headquartered in Riyadh, KSA, BahriBolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in Saudi Arabia.

(Photo: TRAC Intermodal)

TRAC Intermodal Named Top NY/NJ Chassis Provider

For the second year in a row, the Association of Bi-State Motor Carriers has named TRAC Intermodal the Best Overall Chassis Provider in the Port of New York-New Jersey for 2017. TRAC said it has made significant investments in its Metro Pool fleet and network of chassis yard facilities that service the NY-NJ market. Over 30 percent of the more than 17,700 chassis operating in the Metro Pool have been refurbished to like-new condition with LED lights, new tires/rims, electrical systems, brakes, improved airing systems and other enhancements.

Elisabeth Heggelund Tørstad (Photo: DNV GL)

DNV GL Creates Digital Solutions Organization

DNV GL announced it is creating a specialized Digital Solutions organization that will set out to capture the opportunities that lie in data sharing, advanced analytics, automation, and machine learning as well as addressing challenges related to data quality and security. Elisabeth Heggelund Tørstad will leave her post as CEO for DNV GL’s Oil & Gas business to head the new Digital Solutions business, which will consist of 1,000 digital experts. She will be based at DNV GL headquarters in Høvik, Norway as a member of the Executive Committee for the DNV GL Group.

Image: Deendayal Port Trust

Kandla Port Renamed as Deendayal Port

The Indian Ministry of Shipping has issued a notification renaming Kandla Port Trust as Deendayal Port Trust with effect from 25th of September, 2017. Kandla Port, located on the Gulf of Kutch in Gujarat, is one of the twelve major ports in the country. As per the Ministry’s notification, the Central Government, in exercise of powers conferred on it under Indian Ports Act, 1908, made the amendment to replace “Kandla” with “Deendayal”. While inaugurating various projects at Kandla Port in May this year…

Crowley barge Marty J, recently outfitted to carry containers in this file photo, is among vessels transporting cargo to Puerto Rico after Hurricane Maria (Photo: Crowley)

On-island Distribution Key to Puerto Rico Relief Effort -Crowley

With more than 3,000 loads of food, supplies and other cargo on its terminal in San Juan, Puerto Rico, and more on the way, executives with Crowley Puerto Rico Services said today the key to providing relief to citizens impacted by Hurricane Maria will be expediting local transportation and distribution of the cargo. “We want to get goods to people as quickly and efficiently as possible, and to do that we need our customers to work with their truckers to take delivery of their cargo,” said Jose “Pache” Ayala, vice president, Puerto Rico services.

Scott Bates (Photo: Connecticut Port Authority)

Bates Reelected as Connecticut Port Authority Chairman

The Connecticut Port Authority has re-elected Scott Bates as Chairman of its Board of Directors in a unanimous vote. “We stand united and focused on advancing the maritime economy of Connecticut,” Bates said. “I am proud of the work we have done together, excited about where we are now, and know there is much more to accomplish in the days ahead. “The Connecticut Port Authority is committed to developing a statewide maritime strategy, which means working alongside leaders and stakeholders in all of our coastal communities,” Bates added.

(Photo: Bahri)

Bahri Showcases Latest Technologies and Achievements

Global transportation and logistics company Bahri said it participated in the General Directorate of Border Guards’ celebrations of the 87th National Day and the World Maritime Day. The celebrations included a range of events and special programs for this patriotic occasion, which coincides with the Kingdom’s nomination for membership of the International Maritime Organization’s (IMO) Executive Council. During the program that was organized for the IMO Secretary General, Bahri Acting CEO, Ali Al-Harbi received IMO Secretary-General, H.E. Adm.

Photo: MOL Group

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…

(Photo: Massachusetts Maritime Academy)

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…

Anne Hasuly (Photo: TSGI)

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.

Photo supplied by the company

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.

From left: Scholarship recipients Samuel Comerford, Alex Yonkman and Tyler Sayvetz with Crowley's Victoria Ellis. Not shown: Kent Treptow (Photo: Crowley)

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.

Taryn Loutit (Photo: Robert Allan Ltd.)

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.

John Wolfe (Photo: The Northwest Seaport Alliance)

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.

From left to right: Igor Yakovenko, CEO JSC DeloPorts, with Bart Kaal, Regional Service Manager, Damen Shipyards Group (Photo: Damen)

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.

David Turnbull (Photo: Seabury Capital)

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.

Steve Walker, managing director of JD Neuhaus (left); and Colin Naylor, managing director of Lifting Gear Hire. (Photo: LGH)

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.

Pictured above (l-r) Christian Haunso, Co-Founder and Chair, The Marcura Group Simon Francis, Founder and CEO, G-Ports & Falmor Jens Lorens Poulsen, Co-Founder and CEO, The Marcura Group (Photo: The Marcura Group)

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.

Terry O'Hearn (Photo: Superior Industries)

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.

Mark Charman (Photo: Faststream)

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 the Hirsch Award from the Navy League of the United States (Photo: Navy League)

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.

Tom Wolber (Photo: Crystal Cruises)

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.

Photo: Hapag-Lloyd AG

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.

Photo: Port of Keil

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…

A new partnership between Burgess Marine and MMD Shipping Services Ltd, part of Portsmouth City Council, launched at Portsmouth Commercial Port with emergency work for Wightlink. (Photo: Burgess Marine Ltd.)

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.

(File photo: Hapag-Lloyd)

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.

WEST GEMINI. Photo: Seadrill Limited

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 trauthwein@marinelink.com.

Photo: The Shipowners' Club

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%.

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.

Transas CEO Frank Coles. (Photo: Transas)

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 is the largest port in Europe and one of the largest in the world in traffic. Photo:  Piraeus Port Authority S.A.

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.

Active discussions in small groups. Photo: Mitsui O.S.K. Lines

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…

Jesse Spence (Photo: Noise Control Engineering)

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.

Carsten Ladekjaer (Photo: Glander International Bunkering)

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…

(Photo: Rickmers)

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…

Tom Lego (Photo: TMHU)

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.

Michel Dominique Thomsen (Photo: Dan-Bunkering)

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.   

Torben Janholt. Photo: Pioneer Marine

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.

Photo: Nordic American Offshore Ltd

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.                                                       

Photo: China Merchants Port Holdings

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 Aircrew Assists Infant During the Aftermath of Hurricane Harvey (U.S. Coast Guard photo by Chase Redditt)

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.

Sven Thy Christensen (Photo: PBES)

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.

Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. (Photo: Palfinger Marine)

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.

Ice-breaking LNG carrier Christophe de Margerie. Photo: PAO Sovcomflot

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.

Steven Cernak (Photo: Port Everglades)

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.

Dr. Elizabeth “Liz” Blanchard (Photo: Port of Stockton)

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…

Photo: Rickmers Trust Management Pte. Ltd

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.

Photo: Cosco Shipping  International

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.