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Tuesday, February 18, 2020

Sophie Zurquiyah. Photo: CGG

CGG Officially Exits Seismic Data Biz

French-based geophysical services company CGG announced that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.Following on from the company’s recently announced exits from seabed and marine data acquisition, this milestone marks the successful completion of CGG’s strategy to exit the seismic data acquisition business.To date, CGG still retains a minority shareholding in the ARGAS company operating in the Middle East.Sophie Zurquiyah…

Image: EnBW

Canada Funds Refinance German OWF

The Canada Pension Plan Investment Board (CPP Investments) has refinanced its minority interest in the 609MW Hohe See and Albatros offshore wind farm complex in the German North Sea.Amsterdam Capital Partners (Amscap) advised CPP Investments on the EUR 510.6 million green bond refinancing, said a statement.The refinancing follows CPP Investments’ acquisition of 49% of Enbridge Inc’s (Enbridge) original 49.89% ownership in the two projects, which Enbridge in turn acquired from EnBW Energie Baden-Württemberg AG (EnBW) in 2017.In total…

Image: GE Renewable Energy

GE Appoints Grid Solutions Chief

GE Renewable Energy has announced that Heiner Markhoff has been named vice-president and CEO of Grid Solutions, effective March 20, 2020.According to a press release, Markhoff has a track record of growth, transformation and operational performance in diverse global businesses. He will be based in Paris, France. Markhoff replaces Reinaldo Garcia, who is retiring at the end of March after 35 years at GE.Jérôme Pécresse, President and CEO of GE Renewable Energy, said: “Building a strong Grid business is vital to our mission to make renewable energy affordable, reliable and accessible.

imon R. James (Photo: James Fisher Marine Services)

James Fisher Appoints Subsea Ops Director

James Fisher Marine Services appointed Simon R. James as its new Subsea Operations Director effective February 2020.James joins with more than 25 years’ of experience in the marine, offshore and subsea service sectors, having held director-level roles at DeepOcean, Fugro and Iremis.In his career to date, Simon has worked with large and prestigious companies, both in the UK and abroad. Most recently, he held the position of Director of Operations at EM&I Group where he improved effectiveness and drove efficiency across operations in the Americas, Africa, Canada and Southeast Asia.

Khaled al Saleh (CITC), Abdullah Sulaiman (Sada), Neil Pringle (Inmarsat), Ronald Spithout (Inmarsat), Zeina Mokaddem (Inmarsat), Faris al Alam (CITC), Malik Sulaiman (Sada), Shabeer Mohammad (Global Beam Telecom) (Photo: Inmarsat)

Inmarsat Launches Services in Saudi Arabia

Inmarsat has announced that it will bring its maritime, aviation and enterprise connectivity solutions to customers based in Saudi Arabia through new partner agreements.The company additionally announced that it has secured new spectrum licences to deliver both its narrow-band (L-band) and high-capacity broadband (Ka-band), Global Xpress (GX), services in Saudi Arabia, enabling Saudi-based businesses to deploy these services for the first time.Fixed and mobile satellite telecommunications…

(Photo: Hapag-Lloyd)

Hapag-Lloyd: Asia Business 'Overall Stable' Amid Virus Outbreak

German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was "overall stable," although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.China's efforts to control the virus had extended the normal factory shutdowns for the New Year festivities to anywhere between Feb. 8 and Feb. 14, depending on the region, a spokesman for the world's fifth largest container carrier told Reuters.However, Hapag-Lloyd's fleet was operating largely as normal…

© Erik Ihlenfeld / Adobe Stock

SGS Acquires TTSA's Diving Division

Commercial diving company Subsea Global Solutions (SGS) said it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA), enhancing SGS’ capabilities in Singapore and strengthening its position in the Asia-Pacific region.Paul Peters, CEO of SGS said, “This is a strategic addition to our recent acquisition of Underwater Contractors Pte. Ltd. Singapore (UWC). Creating a single platform under the SGS umbrella with the most advanced technologies, special repair equipment…

(Photo: DP World)

DP World Returns to Full State Ownership

Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay some of its borrowings.DP World, which operates ports around the world from Hong Kong to Buenos Aires, will take on $8.1 billion in debt to finance the deal in which Port and Free Zone World, part of state investment vehicle Dubai World, will acquire the 19.55% of Nasdaq Dubai listed shares for $2.7 billion.Port and Free Zone World already owns 80.55% of DP World ordinary share capital.

Image: OLT Offshore LNG Toscana

EU Clears OLT Takeover by SNAM and FSI

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

Image: Transocean

Transocean Drilling Revenues up at $792M

Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019 (total adjusted contract drilling revenues of $832 million).Contract drilling revenues for the three months ended December 31, 2019, increased sequentially by $8 million, primarily due to rig reactivations, including of the ultra‑deepwater…

Image: DP World

DP World to Delist from Nasdaq Dubai

DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the  UAE-owned port behemoth’s parent company, Port and Free Zone World, has offered to buy the 19.55% of DP World’s shares traded on the Nasdaq Dubai for $16.75 a share, representing a 29% premium on its closing price of $13 per share on Sunday.DP World's parent company will pay Dubai World $5.15 billion to help the government-owned conglomerate with its outstanding commitments to banks.DP World remains financially strong…

From left to right: Sembcorp Marine President & CEO Mr Wong Weng Sun; Sembcorp Marine Head of R&D Mr Simon Kuik; Professor Tan Sze Wee, Assistant Chief Executive, Science and Engineering Research Council, A*STAR; and Mr Frederick Chew, CEO, A*STAR

Sembcorp in Offshore R&D Pact with A*Star

The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors.By signing a master research collaboration agreement (MRCA) the two parties aim to “shorten the development cycle and time-to-market of new offshore, marine and clean energy solutions achieved through their research efforts”.Sembmarine and A*Star will set up Joint Lab@TBY…

Obituary: George R. Duclos, 1933-2020

George Raymond Duclos, age 86, died peacefully on February 15, 2020 surrounded by his family. The son of the late Raymond and Albertine (Bertha Chenard) Duclos. Born in 1933 in Fall River, MA, George spent most of his life in Westport, MA spending summers on the Watuppa Pond and moving to the Pond permanently in the 1960's.George is survived by his wife and life-long partner in adventure, Pauline D. (Duperre) Duclos, and his four children: John (Kimberly), Peter (Kimberly), Carol Hegarty (Steven) of Westport…

Image: Watson Farley & Williams

WFW Advises TUI on $1.3Bn Take Over

London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020. The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.

Angela Titzrath, Chairwoman of the Executive Board of HHLA. Photo: © Hamburger Hafen und Logistik AG (HHLA)

HHLA Meets Targets

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has achieved targets for the year as the revenue and operating result (EBIT) increase with moderate increase in container throughput and significant rise in transport volume.The Group revenue increased by 6.8 percent to € 1.38 billion in the 2019 financial year (previous year: € 1.29 billion). The Group’s operating result (EBIT) of  € 222 million (previous year: € 204 million) grew by 8.8 percent.The listed Port Logistics subgroup said that In total…

Image: Pacific International Lines

PIL Exits Transpacific Market

Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy. The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements.PIL’s last Transpacific sailing will be in March 2020.The company said it has taken the decision as part of a wider strategic review of its business. Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa…

Image: Diana Shipping

Diana Shipping Cancels Dry Bulker Sale

Diana Shipping announced that it has received a notice of cancellation of the Memorandum of Agreement (MoA), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced.The global shipping company specializing in the ownership of dry bulk vessels said in a press note that the buyers elected to exercise their right to cancel the Contract as a result of vessel’s missing the cancelling date stipulated therein…

Photo Credit/ Kent Phillips, Disney: Photo from Disney Wonder’s inaugural sail on Feb. 7, 2020.

Port NOLA Sets Cruise Record

The Port of New Orleans (Port NOLA) saw another record-breaking year in cruise passenger numbers and vessel calls.With the launch of Disney cruises and the addition of year-round itineraries from Royal Caribbean International in 2020, Port officials anticipate another robust cruise season.During 2019, Port NOLA recorded 1.2 million cruise passenger movements, a new annual high, up from 1.18 million in 2018. Port NOLA also saw an increase in cruise vessel calls with a total of…

Photo: Port of Long Beach

Long Beach Cargo Dips in January

Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.Terminal operators and dockworkers moved 626,829 twenty-foot equivalent units (TEUs) last month, down 4.6% compared to January 2019. Imports decreased 4.3% to 309,961 TEUs, while exports dropped 7.4% to 108,624 TEUs. Empty containers sent overseas declined 3.7% to 208,244 TEUs.“The new year is starting with a new set of challenges that are impacting importers and exporters, but we remain optimistic and expect to see modest growth in 2020…

Photo courtesy of Fincantieri

Fincantieri Delivers Virgin Voyages' Scarlet Lady

Italian shipbuilder Fincantieri said it has presented Scarlet Lady, the first of four new cruise ships it is building for new cruise ship operator Virgin Voyages, part of Richard Branson’s Virgin Group.The 110,00-gross-ton Scarlet Lady, constructed at the builder's shipyard in Genoa Sestri Ponente, is 278 meters long and 38 meters wide. Virgin Voyages second ship, Valiant Lady, currently under construction in the same yard, will be delivered in 2021, while the third and the fourth units…

Photo: Damen

Five Coastal Ferries for Zanzibar

Damen Shipyards signed a contract with the Ministry of Infrastructure, Communications & Transport of the Revolutionary Government of Zanzibar for the supply of five inshore ferries to carry tourists visiting Pemba Island and others nearby in the Zanzibar Archipelago.The contract is for three vessels of the Damen Ferry 804 design and two of the Damen Ferry 1204 design, together with a spare parts package for the first year of operation and on-site training in operating and maintaining the vessels.

Image by Kongsberg Maritime

Kongsberg Revenue Up in Challenging Maritime

Norwegian technology enterprise Kongsberg Maritime announced that it increased operating revenue to NOK 5,490m (USD 593mln) from NOK 2,041m (USD 220mln) in the fourth quarter.Growth excluding acquired business is 21%, said a press release from the Kongsberg Gruppen (KOG) company. This is among other things driven by a high level of activity in the LNG and after-sales markets as well as by growth in the Sensors & Robotics area. "Our maritime operations are growing in a market where the newbuilding activity is at an all-time low…

Photo: John Wilhelm

Port of Baltimore Sets Record in 2019

The Helen Delich Bentley Port of Baltimore recorded another record-breaking year in 2019. Figures released show new high marks for cargo tonnage passing through the Port’s public and private marine terminals, as well as new benchmarks for containers and the number of cars and light trucks handled. Among the highlights, the Port of Baltimore handled a new record 43.6 million tons of cargo, including more than 11 million tons of general cargo at the state-owned public terminals for the first time ever. In addition, the number of vehicles – 857,890 – ranked first among all U.S.

Austal Philippines launched Hull 419, a 109 meter high-speed catamaran ferry being built for Fjord Line or Norway at Austal's Balamban shipyard in Cebu. Photo: Austal

Austal Launches 109m Ferry

Austal Philippines launched Hull 419, a 109 meter high-speed catamaran ferry being built for Fjord Line or Norway at Austal's Balamban shipyard in Cebu.The vehicle-passenger ferry, to be known as FSTR, is the largest aluminium vessel ever launched in the Philippines – and the largest by volume ever built by Austal. It is scheduled to be delivered in the 2nd quarter of CY2020.“This new ship for Fjord Line of Norway is the first of many large, high-speed commercial ferries to be constructed at our newly expanded shipyard in the Philippines," said Austal CEO David Singleton.

Michael Toohey (Photo: WCI)

WCI's Toohey Announces Retirement

Waterways Council, Inc. (WCI) President and CEO Michael J. Toohey has revealed plans to retire, the group announced to its Board of Directors and members at its meeting in Washington, DC on Wednesday.“Having turned 71 this month, I believe it is time to focus on my faith, family, my golf handicap and my other interests,” Toohey said. “I remain committed to WCI’s continued achievement now and in the future once a successor is named.”WCI’s Executive Committee will select an executive search firm to begin the process to seek a successor.

Photo/SCPA/English Purcell

SC Ports Scores $20 mln DOT Grant

S.C. Ports Authority was awarded a nearly $20 million federal grant to assist with building vital infrastructure at Wando Welch Terminal in support of the Charleston Harbor Deepening Project.The U.S. Department of Transportation awarded the Port Infrastructure Development Grant for S.C. Ports’ Wando Welch Terminal Wharf Toe Wall and Berth Deepening Project. The funds will go toward building a toe wall and deepening three berths at the Wando terminal.The toe wall is needed to maintain a stable slope beneath the wharf…

Colleen Stephens (Photo: PVA)

Stephens Elected PVA President for 2020

Colleen Stephens, President of Stan Stephens Glacier & Wildlife Cruises will be President of the Passenger Vessel Association (PVA) for 2020, the trade association announced.Elected during the PVA Annual Convention at MariTrends 2020 held February 3-6, 2020 in Tampa, Fla., Stephens reaffirmed PVA's commitment to continuously improving safety in passenger vessel operations as well as the association's engagement in being good stewards of the environment. "PVA's Green WATERS program…

Patrick Jany (File photo: Clariant)

Maersk Names Jany CFO

A.P. Moller - Maersk has appointed Patrick Jany as its new chief financial officer, effective May 1, 2020.Jany, a German citizen, joins the world's largest shipping company as CFO and a member of the executive board after more than two decades with Swiss chemicals company Clariant, where he's been CFO since 2006. Prior to his role as CFO, he held several leadership positions within finance, general management and corporate development in Clariant in Germany, Mexico, Singapore, Indonesia and Spain.“I am pleased to welcome Patrick Jany to A.

Graph by Deloitte

Upstream Cuts 208 deals worth $156Bn in 2019

Upstream companies cut 208 deals worth $156 billion in 2019, with value up $26 billion year-on-year. However, the number of transactions was 40 percent below the five-year trend, pointed out latest report by Deloitte.That, combined with the fact that the Oxy/Anadarko transaction comprised more than a third of the total value, meant that 2019 proved sluggish, reflecting the overall weakness in the oil and gas sector.In fact, there were only $5.8 billion in deals in Q1, the lowest value seen in any quarter in more than a decade.

Photo: Red Sea Gateway Terminal

RSGT Welcomes Advanced Terminal Equipment

Red Sea Gateway Terminal (RSGT) announced the arrival of the first consignment of new advanced terminal equipment, which includes terminal trucks and trailers that will accelerate and speed up port and quay operations at the Northern Part of Jeddah Islamic Port (JIP), the biggest and busiest port in Saudi Arabia.Jeddah Islamic Port is the primary port of call and trade conduit for trade and shipping in and out of the Kingdom via the Suez Canal.The delivery of the new advanced…

Photo: JAXPORT

JAXPORT Gets $93m for Harbor Deepening

The federal government allocated $93 million for the next phase of deepening the Jacksonville shipping channel to 47 feet from its current depth of 40 feet. Of the total $93 million investment, $57,543,000 is included in the U.S. Army Corps of Engineers’ Fiscal Year 20 Work Plan, and an additional $35,457,000 is allocated in the A Budget for America’s Future – President’s Budget FY 2021.“This is the first time JAXPORT has ever received funding in the President’s budget, which speaks volumes about the significance of this project to the Southeast U.S.

Image: Grindrod Shipping Holdings Ltd

Grindrod Shipping Acquires IVS Bulk Stake

The global provider of maritime transportation services in the drybulk and product tanker sectors Grindrod Shipping Holdings announced acquisition of an additional 33.25% stake in its IVS Bulk joint venture and the sale of the 2010-built small product tanker Kowie.A subsidiary of the company, Grindrod Shipping Pte. Ltd (GSPL) has agreed to acquire the 33.25% ordinary and preferred equity shares held by one of its two JV partners in IVS Bulk for a total consideration of $44.1 million, thereby increasing its stake to 66.75%.

Pictured, right to left: Arnaud le Foll, Total’s Country Chair Russia and Director General of Total Exploration and Production Russia; Fleur-Eve Durin le Foll, his spouse and the vessel’s sponsor; Alexander Matanov, the vessel’s master; Sergey Frank, Chairman of the Board of Directors of PAO Sovcomflot; Nikolay Kolesnikov, Executive Vice President and Chief Financial Officer of PAO Sovcomflot; Peter Justesen, Vice President for LNG Shipping at Total, and Grigory Aleksandrov, Director of Projects

Sovcomflot Names LNGC SCF La Perouse

Russian state-controlled shipowner Sovcomflot (SCF) has named the 174,000m³ SCF La Perouse - the first of three LNG tankers on order with South Korean shipbuilder Hyundai Heavy Industries (HHI).The LNG carrier named after Jean-François de la Pérouse, a French explorer of the Pacific.The vessel will operate under a long-term time charter agreement with Total. The event was held at Hyundai Samho Heavy Industries’ shipyard, Republic of Korea. Fleur-Eve Durin le Foll, the spouse of Total’s Country Chair Russia…

A.W. McAfee  (Photo: Resolve Alaska)

McAfee Named Managing Director of Resolve Alaska

Resolve Alaska, the northwest operating arm of the Resolve Marine Group, has appointed A.W. McAfee as its new Managing Director.McAfee will be responsible for overseeing Resolve’s operational response and recovery activities. His immediate strategic plan for Dutch Harbor is to implement an improvement program increasing operational efficiency and response capacity.  McAfee comes to Resolve from the Bechtel Corporation where he was operations manager. McAfee has been immersed in the marine and civil industries since 1995.

Shane Guidry (Photo: Harvey Gulf)

Harvey Gulf CEO to Remain Until 2027

New Orleans based offshore vessels company Harvey Gulf International Marine said it has signed an agreement with its CEO, Shane Guidry, to remain at Harvey until January 1, 2027.Guidry commented, “Over the past several years, Harvey Gulf has produced the highest EBITDA with the lowest cost of operations in the industry. We stand ready to merge with any other company that compliments what we do, thus delivering the best returns to the combined entity.”

Image: Korea Shipbuilding & Offshore Engineering

KSOE Wades into the Red

South Korean manufacturer of oil tankers, cargo and passenger vessels, and warships, Korea Shipbuilding & Offshore Engineering (KSOE) reported its fourth-quarter net loss of 26.2 billion won (US$ 22.2 million), remaining in the red compared with a year ago.The KSOE is an intermediate holding firm controlling Hyundai Heavy Industries and two other Hyundai Heavy Industries Group shipbuilders.According to a regulatory filing, operating profit for the October-December period last year was 169.9 billion, compared with a loss of 246.4 billion won a year ago.

(L-R) Harry Gandhi and Mike Pugh. Photo: Unique Group

Unique Group Acquires APAC Marine Unit

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi…

SBG Marine Navsight Solution (Photo: SBG Systems)

POJL Upgrades to SBG Marine Navsight Solution

Ports of Jersey upgraded its existing SBG Apogee-U to the Apogee Navsight Solution which has been designed specifically for marine applications. Swathe Services, who supplied and installed the original system, assisted with the upgrade and servicing by SBG Systems.The port purchased the Apogee-U high-performance Inertial Navigation System (INS) from Swathe in 2016 along with a high resolution R2SONIC Multi-Beam Echo-Sounder (MBES) to conduct Hydrographic surveys out of St Helier and for additional commercial survey operations.James Williams…

HR Wallingford's newly built tug bridge simulator (Photo: HR Wallingford)

Australia Ship Sim Center Opens

The Western Australian Minister for Ports, the Hon. Alannah MacTiernan MLC opened the expanded facilities of HR Wallingford’s new Australia Ship Simulation Center.HR Wallingford has added two new purpose-built simulators to its center in Fremantle, bringing the total number of simulators that it owns and operates there to six. This makes it one of the largest ship simulation centers in Australia and allows a full maneuvering team (including pilots, tug masters and vessel traffic service (VTS) operators) to conduct integrated and immersive full port scenarios.In her speech…

TWG Names Mirdha President

Tulsa Winch Group, a Dover company, appointed Arjun Mirdha as President, effective January 6, 2020. He will report to Dover's President and Chief Executive Officer, Richard J. Tobin. Arjun will focus on expanding TWG's broad portfolio of market-leading products globally.Arjun has over 24 years of global commercial and P&L leadership experience in construction equipment and industrial markets. He holds a Bachelor of Commerce (Honors) degree from Shriram College of Commerce, New Delhi…

Ulrik Silversparre Bodholdt (Photo: Dan-Bunkering)

Dan-Bunkering Appoints Finance Director

A/S Dan-Bunkering Ltd. appointed Ulrik Silversparre Bodholdt as Finance Director as of January 1, 2020.Bodholdt joins Dan-Bunkering from a position as Auditor and Department Manager with a large renowned accountancy firm and will be based in Dan-Bunkering’s office in Copenhagen.Bodholdt will have the overall responsibility for the finance functions across the group’s 12 offices.

Image: Meyer Turku Oy

Turku Shipyard Doubles the Order

Finnish shipbuilding company Meyer Turku Oy (known as the Turku shipyard) announced that the supply orders of the shipyard got almost doubled in two years."The value of supply orders to the shipyard has grown very strongly. It has almost doubled in two years (+ 84 %). The value of the supply orders was approximately EUR 933 million in 2018 when the corresponding figure in 2016 was approximately EUR 508 million," said a press release from the shipbuilder located in Turku, Finland…

Indian Prime Minister Narendra Modi. Photo: PIB

India Approves $9Bn Deepsea Port Plan

Indian government has green-lighted a mega container port, to be constructed at a cost of INR655.45bn ($9.2bn) at Vadhavan, around 160 km north-west of Mumbai.The proposal to create the huge port – on a ‘landlord model’ – was cleared at a Union Cabinet meeting chaired by Prime Minister Narendra Modi.The proposed port is set to catapult India among countries boasting the top 10 container ports in the world. At the moment, the largest container port in India is Jawaharlal Nehru Port Trust (JNPT)…

Photo: Port of Oakland

Oakland Port Appoints McKenney COO

Port of Oakland has appointed veteran aviation executive Kristi McKenney as its Chief Operating Officer (COO).Executive Director Danny Wan announced the appointment today after the Port’s governing Board created the new position last month. Ms. McKenney had been serving as Assistant Director of Aviation at the Port’s Oakland International Airport.“I’m grateful to the Board for establishing the COO position and pleased that Kristi is joining our executive team,” said Wan. “We’re…

Photo: MAN Energy Solutions

New MAN Fluid Monitor for Lube Oil

MAN Energy Solutions launched a monitoring device for industrial lube oil.The MAN Fluid Monitor for lube oil is a light and robust system developed to meet the needs of the owners of industrial installations where lube-oil quality is a critical setting. It is said to enable owners to actively monitor – on an ongoing basis – the degradation and contamination of lube oil and protect their industrial assets. The fluid monitor immediately detects even the tiniest anomalies in the lube-oil systems of four stroke engines…

Photographer: Lasse Partanen/Destination Halmstad AB

Stena Line Opens New Ferry Route

On Friday January 31, 2020 Stena Line closed the Varberg-Grenaa route. The day after, on Saturday, February 1st Stena Line’s new ferry route between Halmstad in Sweden and Grenaa in Denmark was officially opened. The inauguration started early Saturday morning in Grenaa with almost a thousand visitors attending. The Transport minister of Denmark Benny Engelbrecht attended the ceremony in Grenaa and joined the sea journey to Halmstad where 8,000 people waited for Stena Nautica…

Image: Vietnam National Shipping Lines Corporation (Vinalines)

Vinalines to Join Global Shipping Alliances

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the…

CEO Magnus Hall and CFO Anna Borg. Photo: Vattenfall

Vattenfall Steps Up Offshore Wind Market

Swedish multinational power company Vattenfall said that it had reached a number of important milestones during the year 2019. In Denmark the Horns Rev 3 (407 MW) wind farm was inaugurated, and construction was started on Kriegers Flak (605 MW), said European energy company."In the Netherlands we had the winning tender for Hollandse Kust Zuid 3&4 (~750 MW). We will develop and operate this project together with the first stage, Hollandse Kust Zuid 1&2, entirely without subsidies…

Dr Phil Anderson and his kayak. Photo from SAMS.

@ SAMS, Science + Autonomy = Answers

Few sea and ocean-related research projects today do not involve some form of underwater robotic or marine autonomous system. Elaine Maslin reports on how they’re being used by the Scottish Association of Marine Science.Whether it’s large autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), gliders, landers, small man-portable AUV systems and even air-borne vehicles, unmanned systems have become a day-to-day tool. And, while ready built systems are now readily available…

Back row left to right: Cllr Heather Scott, Tees Valley Mayor Ben Houchen, Peter Gibson MP Front row left to right: Simon Hounsome (DeepOcean Subsea Cables) and Pierre Boyde (Enshore) Photo: DeepOcean

DeepOcean Moves UK HQ to Feethams House

DeepOcean, a global subsea services company, is set to move its UK headquarters to a new base in Darlington.The company specializes in engineering and marine works solutions for large subsea cable projects associated with offshore wind farms said that it has reached an agreement with Darlington Borough Council to relocate from its existing premises in the town to the top floor of the GBP 8.5 million (USD 11 million) Feethams House development.DeepOcean also has a center of engineering expertise and offshore maintenance facility in Blyth, Northumberland.

Map: Marubeni Corporation

Japan Builds First Commercial OWF

After having reached financial close for offshore wind farms at Akita Port and Noshiro Port in Japan,  Akita Offshore Wind Corporation (AOW) has announced that it is to commence construction this month.The Offshore Wind Farms are comprised of the bottom-fixed offshore wind farm and the onshore substation and transmission lines and together are expected to be the first large-scale offshore wind power project in Japan established on a commercial basis.AOW was established in 2016…

Image: Royal Vopak

Vopak Finalises Sale of Algeciras Oil Terminal

Dutch multinational company Royal Vopak has recently completed the previously announced divestment of its oil terminal in Algeciras to First State Investments.This divestment is the finalization of the sale of three terminals (Amsterdam, Hamburg and Algeciras) to First State Investments as previously announced.On 12 February 2020, Vopak will publish its 2019 full-year results, including the financial results of the divestment which are in line with previous announcements made in 2019.

Photo courtesy of Panama Maritime Authority

Carnival's Mardi Gras Flagged in Panama

Carnival bought their first cruise ship Mardi Gras in the 1970’s, nearly 50 years ago, and registered her under the Panama flag, now the new Mardi Gras will keep the tradition of flying the Panama flag.In a ceremony at the Meyer Turku shipyard, The Mardi Gras, left the dry dock to be positioned in the water en-route to her new location to finalize its interior and exterior outfitting.With a capacity for 5,282 passengers, Mardi Gras marks a milestone for both Carnival and the Panama Registry.

© aerial-drone / Adobe Stock

Piraeus Port Taps TEKAL for Port Expansion

PPA S.A. has announced that the construction company TEKAL S.A. was awarded as the construction contractor of the Cruise Terminal Expansion project of Piraeus Port Authority, after the financial bid of $113 million plus VAT, initially budgeted $180 million. The new cruise pier is one of the mandatory investments of the master plan of COSCO SHIPPING for the PPA. The project is also funded by the Regional Operational Program for Attica 2014-2020. The expansion will be located next to the existing cruise facilities…

Photo courtesy of CEDA, IADC

CEDA, IADC Announce New Dredging Course

CEDA and IADC has launched a new course for professionals involved in dredging-related activities for water infrastructure development. The Dredging for Sustainable Infrastructure Course will be held on June 23-24, 2020 in Hotel Van der Valk Den Haag in Nootdorp, The Netherlands. The course is based on the association’s flagship guidebook with the same title.At this 2-day course, participants will learn how to achieve dredging projects that fulfil primary functional requirements…

Image by International Seaways, Inc.

International Seaways Signs Refi Deal

New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 million senior secured term loan facility, a 5-year USD 40 million revolving credit facility, of which USD 20 million has been drawn, and a 2.5-year USD 50 million senior secured term loan credit facility.The NYSE-listed ship owner…

Image: MOL

MOL in Restructuring Excercise

Japanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.According to a press release, the  marine transportation provider intends to establish three new divisions and integrate its two tanker divisions to achieve synergy.MOL will establish the Offshore Gas Project Division as an organization focused on businesses related to the LNG field in energy value chains (FSRU projects, LNG bunker vessel project, etc.) to accelerate the enhancement of the offshore business…

Image: Gasum

Gasum to Bunker Equinor's Tankers

Finnish utility Gasum has signed an agreement with Norwegian energy giant Equinor for the delivery of liquefied natural gas (LNG) to the latter’s crude shuttle tankers.The Nordic energy company said in a press release that the supply will commence when the shuttle tankers start operating during 2020.The LNG bunkering deliveries will mainly take place off Skagen, the most northern part of Denmark, and at Mongstad, close to Bergen, Norway. Gasum will utilize its Coralius LNG bunker vessel to perform this service.“We’re happy to support Equinor in its ambition towards cleaner shipping…

Vopak Divests Algeciras Terminal

Royal Vopak completed the earlier announced divestment of its oil terminal in Algeciras to First State Investments. This divestment is the finalization of the sale of three terminals (Amsterdam, Hamburg and Algeciras) to First State Investments as previously announced.On 12 February 2020, Vopak will publish its 2019 full-year results, including the financial results of the divestment which are in line with previous announcements made in 2019.

USMMA Board of Visitors to Convene

U.S. Transportation Secretary Elaine L. Chao has announced the U.S. Merchant Marine Academy’s (USMMA) new 16 member Board of Visitors will convene for the first time at Kings Point on Monday, February 3 at 9:00 a.m. (click here for additional information). The Board will serve through October 2021.“The Department is dedicated to providing midshipmen with the finest possible education, preparing them to excel as mariners and military officers,” said U.S. Transportation Secretary Elaine L.

Photo courtesy of North Carolina Ports

Increased Air Draft at Port of Wilmington

A new air draft over the Cape Fear River will make it easier for ultra-large container vessels to reach the Port of Wilmington. The new allowable air draft has been increased to 212 feet. The air draft clearance will allow ships with a carrying capacity of 14,000 TEUs (twenty-foot-equivalent unit) and greater to safely and efficiently navigate to Wilmington.The four-month, multi-million-dollar project led by Duke Energy consisted of upgrades to the transmission towers in the Cape Fear River and the replacement of existing lines.

Ian Douglas, Chief Executive Officer. Photo: Global Marine Group

JFLCO Acquires Global Marine Group

British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F.

Image: Bahri

Bahri Posts 172% Surge in Q4 Net Profit

The National Shipping Company of Saudi Arabia (Bahri) has reported strong financial results for the quarter and the full year ended December 31, 2019, underpinned by an increase in returns of several business units.The transportation and logistics company said in a press release that its fourth-quarter net profit surged 172.48 percent to SAR 249.08 million ($66.4 million) from SAR 91.41 million reported in the same period in 2018.Total revenue came in at SAR 1.93 billion, up 8.85…

Zenith CEO, Andrea Cattaneo, and Chairman, José Ramón Lopez-Portillo, at Zenith's Admission Ceremony to the London Stock Exchange. Photo: Zenith Energy

Zenith Norway Established for Offshore Ops

Canadian international oil and gas production company Zenith Energy has established a Norwegian subsidiary - Zenith Norway - as a precursor to securing its first acreage off the country. Zenith said it intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organized by the Norwegian Ministry of Petroleum and Energy, as well as to actively pursue the potential acquisition of working interests in mature energy production assets across Northern Europe.To this end…

Image: Ørsted

Ørsted Eyes Carbon-Neutrality by 2025

The global leader in offshore wind Ørsted A/S  will become carbon neutral by 2025. "This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limiting global warming to 1.5°C," said the company.Additionally, Ørsted sets a target of achieving a carbon neutral footprint by 2040.During the last ten years, Ørsted has transformed from a company with fossil fuels at the core of its business to a pure-play renewables company.

The Propeller Club of the U.S. Port of New Orleans honored Brandy D. Christian as their 2019 Maritime Person of the Year at its 86th Annual Maritime Person of the Year Gala on Wednesday, Jan. 29, at the Metairie Country Club. Photo: The Propeller Club.

Christian Honored by Propeller Club

The Propeller Club of the U.S. Port of New Orleans honored Brandy D. Christian as their 2019 Maritime Person of the Year at its 86th Annual Maritime Person of the Year Gala on Wednesday, Jan. 29, at the Metairie Country Club.Read Maritime Logistics Professional's interview with Brandy Christian here.Christian, who serves as President and CEO of the Port of New Orleans (Port NOLA) and CEO of the New Orleans Public Belt Railroad Corporation (NOPB), is the first woman ever to be honored with this prestigious recognition from the Propeller Club of the U.S.

Photo: Liebherr

Liebherr's Largest Port Handling Machine Delivered

Liebherr has produced and delivered its largest port handling machine, for DaFeng Port in the Chinese province of Jiangsu. The LH 150 ET Gantry Port Litronic is the largest, electrically-operated Liebherr port handling machine with gantry undercarriage. The entire port handling machine has been supplied by Liebherr: All components were developed, produced and tested by Liebherr-Hydraulikbagger GmbH in Kirchdorf an der Iller, Germany; from the attachments to the work equipment, the hydraulic cab elevation and upper carriage.

 © Igor Yu. Groshev / Adobe Stock

Chinese Imports of Tariffed Goods from US Drops -BIMCO

US seaborne exports to China of the goods which China has imposed tariffs on since the start of the trade war fell by 37.6% in the first 11 months of 2019 (11M 2019) compared to the same period of 2017, the last full year unaffected by the trade war. Despite the drop in exports to China, total US seaborne exports of the tariffed goods have risen in the same period, as exports to the rest of the world have compensated for the decrease to China.Overall seaborne volumes of the affected goods to China have fallen by 30 million tonnes in 11M 2019 compared to the 11M 2017.

Photo: CakeBoxx Technologies

CakeBoxx Technologies Introduces ThermoBoxx

CakeBoxx Technologies has rolled out a new product line of refrigerated shipping containers: ThermoBoxx 20' Shipping Container with Lifted Lid and ThermoBoxx 20ft Container.CakeBoxx Technologies designed these new models as a time saving, cost-effective solution for the movement of temperature-sensitive cargos that would normally be difficult to load and unload through conventional reefer container doors due to their size, shape or weight. The side and top loading capability is a key differentiation from conventional containers and provides a strong value proposition for speed of loading…

© newroadboy / Adobe Stock

Consortium to Build Egypt's First Dry Port

A consortium of three companies has been awarded a contract for a $176 million project to build Egypt's first dry port, the first of eight ports the government plans to set up, the transportation minister said on Wednesday.The companies are Egypt's El Sewedy Electric and 3a International and Germany's DB Schenker Egypt, Kamel al-Wazir told reporters after a cabinet meeting.Construction work for the 100 feddans (420,000 square meters) port west of Cairo will start on Saturday and last two years…

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CaribX Ups Stake in Cape Licence Off Honduras

The Central American and Caribbean specialist exploration company CaribX said that it is increasing its share of the Main Cape Operating contract in Honduras.Following government approval CaribX will hold a 55% interest in the highly prospective licence area.CEO Rory Scott Russell said: "We are pleased to have closed this latest round of funding and delighted to have such a highly qualified and experienced group of explorers and entrepreneurs joining the company. Attracting the team behind Sierra and the giant Zama discovery demonstrates the enormous potential offshore Honduras…

Image: Performance Shipping

Performance Shipping Adds P. Fos to Fleet

Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that, through a separate wholly-owned subsidiary, it took delivery of the M/T P. Fos (formerly M/T Virgo Sun).The vessel is a 2007-built Aframax tanker vessel of 115,577 dwt that the Company entered into an agreement to purchase in November 2019.Two days ago, the Greece-based company signed a Memorandum of Agreement to sell to an unaffiliated third party the 2008-built Post-Panamax container vessel M/V Rotterdam…

Image: Teekay Tankers

Teekay Tankers Closes $533M Credit Facility

Bermuda-based operator of mid-sized tankers Teekay Tankers has closed a new five-year, $533 million revolving credit facility to refinance 31 vessels.The size of the new debt facility was reduced since announcing the term sheet signing in November 2019 as a result of excluding five vessels from the new facility, including the three vessel sales noted above and a potential for further opportunistic vessel sales.The proceeds from the new debt facility will be used to repay approximately $455 million of the company’s existing debt.

Nina Østergaard Borris (Photo: USTC)

New COO Joins USTC’s Executive Board

Torben Østergaard-Nielsen’s global shipping group United Shipping & Trading Company (USTC) has welcomed Nina Østergaard Borris as new COO to its Executive Board.For the past six years, Nina Østergaard Borris has been Executive Assistant and Head of M&A in Bunker Holding, the USTC group’s largest business unit, focusing on business optimization, strategy and M&A.In parallel with her employment at Bunker Holding, Borris has served as a board member in the sister companies SDK (shipping and logistics company) and Uni-Tankers (shipowning company) as well as the parent company USTC.

The Passenger Express 41 to be constructed by Austal’s shipyard in Vietnam will accommodate 400
passengers and 20 tonnes of cargo over 2 decks. (Image: Austal)

SGTM Orders Catamaran from Austal

SGTM has awarded Austal Limited a $10.7 million contract to build a 41-meter, high-speed catamaran.The new vessel is based on Austal Australia designed vessel, with customer defined design modifications to be undertaken in Vietnam before construction commences there by March, 2020 with delivery approximately one year later.Austal Chief Executive Officer David Singleton said the new contract was welcome as Austal continued to build on its investment in facilities and people in the company’s new Vietnam shipyard.

James C. DeSimone, Deputy Commissioner, Ferry Division, New York City Department of Transportation. Photo: Greg Trauthwein

Profiles in Training: Staten Island Ferries

When James C. DeSimone, Deputy Commissioner, Ferry Division, New York City Department of Transportation, signed on to run the Staten Island Ferries in 2003, the organization was still in the aftermath of one of the most significant accidents in its history: the ferry Andrew J. Barberi allision of October 2003, an accident which included a number of fatalities and serious injuries. DeSimone, who had long-tenures in both the commercial and public end of the marine business, brought a unique perspective to the organization.“For the city to go outside the system to hire (me) was huge…

 Location of East Port Said (Photo: NYK Line)

Partners to Develop Egypt's First Exclusive RoRo Terminal

NYK, Bolloré Africa Logistics (Bolloré) and Toyota Tsusho Corporation (Toyota Tsusho) have signed an agreement with the General Authority for the Suez Canal Economic Zone to set up and operate a dedicated automotive terminal at East Port Said in Egypt.The automotive market in Egypt is expected to expand along with population growth and economic development, and the Alexandria port, which currently handles almost all of Egypt’s vehicle imports, is a multipurpose port that sees a variety of cargo and lacks storage space.

Photo: Georgia Ports Authority / Jeremy Polston

Port of Savannah Tops Cargo Record

In the 2019 calendar year Port of Savannah moved 4.6 million twenty-foot equivalent container units (TEU).Georgia Ports Authority (GPA) Executive Director Griff Lynch said this is an increase of nearly 250,000 TEU (5.6%) compared to the previous year.In roll-on/roll-off trade, GPA handled 657,685 units of cars, trucks and tractors in 2019, an increase of 12,167 units, or 2%.Ocean Terminal picked up two new customers in 2019 - GM and Volvo - with both car makers exporting vehicles to Australia and New Zealand via Savannah.

Houston Ship Channel Shut on Tuesday Morning for Salvage

The Houston Ship Channel was shut on Tuesday morning to raise a fishing vessel that sank in mid-January near the waterway's entrance in the Gulf of Mexico, according to the Houston ship pilots association.The ship channel, a 53-mile (85 km) waterway connecting the busiest U.S. petrochemical port with the Gulf of Mexico, is scheduled to reopen at 10 a.m. local time (1600 GMT) on Tuesday, according to Houston Pilots, the ship pilots association.Two people aboard the 81-foot (25…

Group photo from left: Shiwei, Farid, Jinu, Elise. (Photo: Dan-Bunkering)

Dan-Bunkering Appoints Four Bunker Traders

Dan-Bunkering has announced the employment of four new bunker traders for the office in Dubai: Shiwei Liao, Elise Huang, Farid Babayev, Jinu Jagan.The latest hiring makes the Middle Eastern office the largest office of the Dan-Bunkering group in terms of number of traders.Shiwei Liao was born and raised in southern China and started his career within the Dan-Bunkering group in the Shanghai office in 2013. During an internal desk swap exercise a couple of years back, Liao found himself quite fund of the international environment Dubai had to offer…

(Photo: Matson)

Matson Promotes Three

U.S. carrier Matson announced it promoted three executives to the company's senior leadership team, effective immediately.Branton "Bal" Dreyfus, Vice President, Alaska, has been promoted to Senior Vice President, Alaska in recognition of Matson's growing scope of operations, continuing investment in and long-term commitment to serving Alaska. Dreyfus will continue to report directly to Matt Cox, Chairman and Chief Executive Officer.Capt. John "Jack" Sullivan, Vice President, Vessel Operations and Engineering…

“Doing business the same way over and over will not last; we know technology will advance our industry, and if we just sit back and don’t take an active role, we’re going to lose. There is no room for complacency.” 
Morgan Fanberg, President, Glosten

@ Glosten: “Crazy ideas are not off the table”

From racing scows on the inland lakes of Minnesota to graduating from the United States Merchant Marine Academy to taking the helm of Glosten, Morgan Fanberg has led a ‘maritime life.’ We caught up with Fanberg in his Seattle office to discuss the path ahead for one of the U.S.’ most progressive and respected naval architecture and marine engineering firms.Morgan Fanberg has always been a ‘maritime guy,’ but his early maritime aspirations centered on racing sailboats. “I went to St.

Image: United Heavy Lift

UHL Takes-over Nine F900 Vessels

The German shipping company United Heavy Lift (UHL)  Hamburg has taken over a modern Heavy Lift fleet of nine eco-friendly F900 newbuildings.The vessels each have a cargo capacity of 14,100 dead-weight tonnes and are capable of lifting loads of up to 900 tonnes. Being built in 2018 and 2019, most of the nine vessels have only just hit the water. They are sailing under the Portuguese flag.“Our mission is to expand our company’s position as front-runners for an eco-friendly Heavy Lift shipping industry. The fleet of nine newbuilding F900 vessels is a perfect match for our sustainability policy.

Image: Exmar

Exmar Secures FLNG, VLGC Financing

Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The documentation for the release of the restricted cash has been signed and the effective release will occur within the coming days.In the meantime the TANGO FLNG has exported its second cargo for YPF in December 2019 and the third cargo is being produced.Exmar has two Very Large Gas Carriers under construction at Jiangnan…

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2019 Shipping Grows for Port of Green Bay

Port of Green Bay reports continued growth in 2019.The 2019 shipping totals were the highest since 2007 during a period that saw the highest tonnage in the past 30 years; 2006 saw 2.55 million tons shipped through the port. The common denominator during both periods of time is a robust economy. The recently-concluded shipping season saw 2,254,674 tons of cargo move through the Port, an 8% increase over the previous season.“It is interesting how the port has changed since the 2006 and 2007 shipping seasons that saw 2.32 million tons and 2.55 million tons moved…

Image: DP World

DP World Acquires 44% Stake in Swissterminal

Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction.Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia…