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Wednesday, July 26, 2017

(Photo: Samskip)

Samskip Scoops up Nor Lines

European multimodal transport provider Samskip said it will acquire activities associated with Nor Lines AS, marking a major expansion of its shipping, transport and logistics businesses in Norway. Subject to approval by Norway’s competition authorities, Samskip has agreed with the DSD Group to acquire the activities of Nor Lines, which generate an average annual turnover of €110 million ($128.2 million). With its head office in Stavanger, Nor Lines is a diversified logistics business offering domestic and international services.

Lou Anne Bynum, Board President

Bynum Elected Harbor Commission President

Egoscue named Vice President of Port's governing Board. The Long Beach Board of Harbor Commissioners elected Lou Anne Bynum as its new Board President and Tracy Egoscue as Vice President on Monday, July 24, in the annual selection of Board Officers. The Board also voted Lori Ann Guzmán as Secretary of the Board. Composed of Long Beach residents, the Board oversees the Port of Long Beach. Guzmán has served as Board President, and Bynum as Vice President, for the past two years. “It’s an honor to be chosen as President,” Bynum said.

(Photo: Abu Dhabi Ports)

Abu Dhabi Ports: No Immediate Plans for a Listing

Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a subsequent listing. His comments came after Bloomberg News reported that Abu Dhabi Ports is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, citing people familiar with the matter.

Photo:  Höegh LNG

Höegh LNG Secures Financing for FSRU Unit

Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU). The Facility comprises a 12 year export credit agency (ECA) term loan of up to USD 150 million backed by Garantiinstituttet for Eksportkreditt (GIEK) and Eksportkreditt of Norway, and a 5 year non-amortising commercial bank loan of up to USD 80 million funded by ABN AMRO Bank, Danske Bank, Nordea and Swedbank.

Nakilat's flagship, QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Ends H12017 with $112 Mln Net Profit

Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last year in 2016. The lower profit was mainly attributed to the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year), the effect of changing…

Photo supplied by Voyager Maritime Alliance Group (VMAG)

VMAG Rolls Out its Marine Refit and New Build Department

Voyager Maritime Alliance Group (VMAG) , one of the leading marine technology providers in South Florida, is expanding its already comprehensive list of services by adding turnkey marine services that now encompass the entire refit and new build process. “In simple terms – we do it all! Says David Leone, President of VMAG, from the initial planning, naval architecture services, networking and data cabling, project management, contractor management, welding and fabrication, carpentry…

File Photo: Samsung Heavy Industries

Samsung Heavy to Cut Its Workforce

South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce,  and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency. SHI unveiled a self-restructuring program that centers on cutting the workforce and having executives return part of their salaries last year, in order to tide over a protracted slump in the shipbuilding sector. The report said that Samsung Heavy was forced to reduce its workforce by 1,500 in 2016 through an early retirement scheme.

File Photo: Nippon Yusen Kaisha (NYK Line)

Japan's Top 3 Shippers Sail to Profit in Q1

The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers -  Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei. The report said that the three companies are expected to post a group pretax profit for April-June, the first time in seven quarters. According to the report, Mitsui O.S.K.'s pretax profit likely tripled on the year to around 2 billion yen ($17.7 million), while Nippon Yusen's is seen reaching about 5 billion yen after a year-earlier pretax loss of 9.9 billion yen.

Image:  UniCarriers Corporation

UniCarriers Corporation becomes Mitsubishi Logisnext

Mitsubishi Nichiyu Forklift announced that it will conduct the operational integration with its consolidated subsidiary UniCarriers Corporation and change its company name to "Mitsubishi Logisnext. Mitsubishi Nichiyu already announced its intention to perform the operational integration, on May 12, 2017, and, as of today, would like to announce that it will conclude the agreement between Mitsubishi Nichiyu and UniCarriers (Absorption-type Company Split Agreement) for which October 1, 2017 (planned) is set as the effective date, and will change its company name.

Wando Welch Terminal. Photo: South Carolina Ports Authority

SC Ports Reports Record Volume in FY2017

South Carolina Ports Authority moved a record 2.14 million twenty-foot equivalent units in fiscal year 2017, an increase of 10 percent over the previous year’s container volumes. Highest-ever June volumes of 183,237 TEUs gave SCPA a strong finish to its fiscal year, which runs July through June. The Port’s previous record was 1.98 million TEUs, achieved in FY2006. “We had a very strong fiscal year, reflective of a capable and hard-working SCPA team and entire maritime community,” said SCPA president and CEO Jim Newsome.

File photo: Rickmers Maritime

Rickmers to Sell its Last 9 Vessels to Navios

HSH syndicate, comprising HSH Nordbank and DBS Bank, has approved the sale of the remaining nine of 14 vessels of Singapore-based Rickmers Trust Management for some $54 million to Navios Partners Containers and Navios Partners Containers Finance. The total consideration will also include an amount to support settlement of operational cash deficits to closing, said Rickmers Trust Management in an update on the winding up of Rickmers Maritime. The sales of these nine vessels are expected to be completed in parts from July 12, 2017, Rickmers said.

Photo: Jawaharlal Nehru Port Trust (JNPT)

JNPT Registers 5.11% Growth in Container Traffic

India's largest container port Jawaharlal Nehru Port Trust (JNPT)registered a growth of 5.11 per cent in container traffic in the first quarter of 2017-18. According to a press statement, the JNPT handled 1.20 million TEUs in the first quarter of the current financial year as compared to 1.14 million TEUs in the corresponding quarter of the last financial year. Meanwhile,  Jawaharlal Nehru Port Container Terminal (JNPCT) handled 4.01 lakh TEUs during this period as against 3.99 lakh TEUs in the corresponding quarter of the last year, showing 0.5% growth.

Stephan Aumann (Photo: Oman Drydock Company)

Aumann Named CEO of Oman Drydock

Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME), who advised at the end of 2016 that he would be stepping down. With a bachelor's degree in naval architecture and a master degree in industrial engineering from the University of Applied Sciences in Kiel/Germany, the 50-year-old German…

(Photo: Crowley)

Crowley Offers 12 Weeks Fully Paid Parental Leave

Facing medical needs with a newborn boy this spring, Crowley Maritime Corp. employee and father Ezra Clark is taking advantage of a new benefit for employees that is uncommon in American business: 12 weeks of fully paid parental leave. “It really means a lot that the company supports me and other employees as new parents. It keeps our family life more stable. I can be there for the important medical events and treatments for our son, Kingston, and know we have the time together…

Daniel Vargas (Photo: Crowley)

Crowley Names Vargas VP, Business Development

Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed vice president of international business development to support the Crowley Maritime Corp. liner and logistics services groups. He will work closely with Crowley's new director of logistics in St. Maarten, Jeffrey de la Combe, to bring supply chain solutions for customers and their cargoes originating outside the U.S. In the newly created role, Vargas will spearhead the development of both full- and less-than-container load cargo (FCL/LCL) originating from international locations…

(Photo: Mammoet)

Mammoet Expands in the Middle East

Dutch heavy lift specialist Mammoet said it has opened new branch offices in Oman and the United Arab Emirates, having seen an increase in projects across the Middle East. Mammoet has been operating in the Middle East for over 40 years and has already established a head office in Dubai. The company has now branched out and taken up residence in the Mussafah Industrial area in Abu Dhabi, and in Sohar, Oman, enabling Mammoet to provide more localized support and increase its offering of specialist services in engineered heavy lifting and transport across the region.

Workshops Address Burning Issues in a Changing World

A series of one day NEXT GENERATION Workshops are being held 'back to back' at the Grand Harbor hotel and conference venue overlooking the historic port of Southampton, U.K., October 24-26, 2017. The NEXT GEN program combines a group of dynamic international presenters with panel discussions. Opening sessions for each workshop feature expertise from heads of U.K. Border Force and U.K. Ministry of Defense, along with the Design and Engineering team from U.K. search and rescue provider the RNLI.

(Photo: Al Sharqi Shipping)

CMA CGM Honors Al Sharqi Shipping

Al Sharqi Shipping said it has once again received the Top Customer Award from French container carrier CMA CGM, marking the fourth straight year the Dubai based logistics firm has been given the accolade. The 2016 Top Customer Award was handed over from CMA CGM representatives Santosh Devasper, CMA CGM Commercial Manager; Manoj Kumar, CMA CGM Export Trade Manager; and Pradeep Vallath, Deputy Manager VIP Desk to Kash Rafiq, Director Al Sharqi Group & Shipping, along with the presence of Atif Rafiq, Director Al Sharqi Shipping, as well as other key members of Al Sharqi Shipping.

Richard Pearce (Photo: Seacroft Marine Consultants)

Seacroft Hires Pearce as Engineering & DP Manager

Aberdeen-based Seacroft Marine Consultants said it has appointed Richard Pearce as Marine Engineering and Dynamic Positioning (DP) Manager, as the firm looks to develop more specialized offshore marine projects. Pearce brings to the role 16 years’ experience in engineering and technical disciplines of the marine and offshore industry, including spells at some of the sector’s most prominent names. Most recently he was technical manager at Fletcher Group and service delivery manager…

Bonnie Lowenthal (Photo: POLB)

New Long Beach Harbor Commissions Confirmed

The Long Beach City Council on Tuesday voted unanimously to confirm Mayor Robert Garcia’s appointments of Frank Colonna and Bonnie Lowenthal to the Board of Harbor Commissioners. Colonna and Lowenthal are both former City Council members; Lowenthal is also a former state Assembly member and Long Beach Unified School District Board Member. Colonna will fill the seat of Commissioner Doug Drummond, who was appointed to a partial term of four years in 2011 and was reappointed in 2015, with the intent to retire in August 2017. Colonna’s term runs into 2021.

MOL Tribute (Photo: MOL)

Mega Ship MOL Tribute Under BSM Management

Bernhard Schulte Shipmanagement (BSM) has announced that the 20,146 TEU containership, MOL Tribute, came into full management of the Hong Kong Ship Management Center on July 10, 2017. Built by Samsung Heavy Industries in South Korea, MOL Tribute is 400 meters in length having a deadweight of 196,877 MT, with her sister ship, MOL Tradition, scheduled to enter Hong Kong management at the end of August. Through these milestones, BSM becomes part of a select group of operators that have the expertise to manage some of the world’s largest containerships.

(Photo: ClassNK)

ClassNK Singapore Celebrates 50 Years

ClassNK hosted an anniversary party on July to commemorate 50 years of its Singapore Office, established in 1967 to broaden the classification society’s service network in Southeast Asia. Held at the Mandarin Oriental Hotel, the evening commenced with an opening address by Chairman and President of ClassNK, Koichi Fujiwara. Among guests in attendance, the Ambassador of Japan to Singapore, His Excellency Kenji Shinoda gave an honorary address followed by a congratulatory address by Assistant Chief Executive of Maritime and Port Authority of Singapore, Tan Beng Tee.

(Photo: NYK)

Imperial Couple Visits NYK Maritime Museum

Japan’s Emperor Akihito and Empress Michiko paid a visit to the NYK Maritime Museum in Yokohama on July 17, 2017, a national holiday known as Marine Day. Yasumi Kudo, NYK Chairman and Tadashi Abe, director of NYK Maritime Museum greeted the Imperial couple and Hakuei Wakiya, vice director of museum escorted them. The Imperial couple viewed the exhibition showcasing the country’s maritime history, including Yataro Iwasaki who established modern Japanese shipping industry, the Bombay route established jointly with Tata company…

Her Excellency Leoni Cuelenaere, the Dutch Ambassador to Bangladesh (Photo: Damen)

Dredging Seminar Held in Bangladesh

On Tuesday, July 11, Damen hosted a dredging seminar in Dhaka, Bangladesh attended by more than 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions, various customers of Damen and other industry stakeholders. Damen said it has enjoyed great successes all over the world in the sale of its dredging equipment, including Trailing Suction Hopper Dredgers, Cutter Suction Dredgers and renowned DOP pumps.

Transnet Second State Company to Flag Accounting Irregularities

South African state-run transport and logistics company Transnet said on Wednesday it had suspended senior officials after external auditors flagged "reportable irregularities" to their regulatory body. Transnet's admission comes a day after power utility Eskom said its auditors had raised similar issues with the Independent Regulatory Boards of Auditors, highlighting growing governance concerns in South Africa's state-run companies. "The reportable irregularities relate to non…

Rucker Named President of Tideworks

Tideworks Technology Inc., a full-service provider of terminal management and planning software solutions, announced that Thomas J. “T.J.” Rucker will assume the role of president effective September 1, 2017, succeeding retiring president Michael Schwank, who led the company for 19 years. Rucker will relocate to Seattle in August to ensure a smooth transition into the role. Rucker is currently vice president of operations at Manzanillo International Terminal (MIT), one of the largest container terminals in Latin America…

Camenzuli Named to Federal Coast Guard Committee

SUNY Maritime College physician assistant Danielle Camenzuli has been appointed by the Secretary of the Department of Homeland Security to the U.S. Coast Guard’s Merchant Mariner Medical Advisory Committee. The committee is responsible for advising the Secretary of Homeland Security about medical certifications for licenses and other merchant mariner documents; medical standards and guidelines for physical qualifications; medical examiner education standards; and medical research.

(Photo: Maersk Line)

A Full Agenda for the International Container Trades

The past couple of months have been chock-a-block full of maritime activity in the international container trades. As the Big-3 Japanese Lines remain still on track to spin-off their container business units into a single standalone container carrier company, some delayed merger and acquisition activity is finally moving ahead. Separately, Congress has taken a keen interest in the Shipping Act. On May 2, 2017, the U.S. Federal Maritime Commission (FMC), unanimously voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd.

Following further developments in its design, Hrönn will now be a monohulled vessel of 37 m length, better suited for the intended operations. (Image: Bourbon/Automated Ships Ltd.)

BOURBON to Support World's First Autonomous OSV Project

BOURBON entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the world’s first autonomous, fully-automated prototype vessel for offshore operations, in collaboration with the project’s primary technology partner, KONGSBERG. BOURBON will provide detailed input to the development and design of the Hrönn project, ensuring flexibility, reliability and cost efficiency to operate safely and effectively in the offshore environment. In the second phase of the project…

Photo: Mitsui O.S.K. Lines

Jeremy Nixon is CEO of ONE Ocean Network

The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled. The existing NYK Line chief executive Jeremy Nixon named as the chief executive of ONE. Nixon has been chief executive of NYK’s liner division since 2012, and moved to Singapore two years before that to head its South Asia operation. The holding company with ultimate governance of ONE will remain in Tokyo…

Photo: Hapag-Lloyd

TUI Sheds Its Stake in Hapag-Lloyd to Focus on Tourism

Europe's largest tourism group TUI Group said on Monday it had sold its stake in container shipper Hapag-Lloyd, bringing to a close plans for the sale of non-core businesses in order to focus on its tourism operations. TUI Group has been investing in more of its own hotels and cruise ships since it was formed from the merger of TUI AG and TUI Travel in 2014. "The proceeds will be reinvested in the transformation of TUI as the world's leading integrated tourism business, focused on own hotel and cruise brands, and to further strengthen TUI's balance sheet," TUI said.

ABP’s Immingham Terminal (Photo courtesy of ABTO)

ABP Humber and RBT Join ABTO Membership

ABP Humber has joined the Association of Bulk Terminal Operators (ABTO) as a full member, in what marks a significant milestone for the newly formed trade association. Associated British Ports’ terminals in Hull, Grimsby, Goole and Immingham, which together handle more than 65 million tonnes of cargo annually, contributing over £2.2 billion  ($2.8bln) to the UK economy, join a growing ABTO membership-base that includes operators in the Americas, Europe and Asia. ABP Humber’s membership to ABTO follows that of another operator located on the UK’s east coast: Redcar Bulk Terminal…

Ståle Granberg (Photo: Hunting Energy Services)

Hunting Appoints Granberg as Development Manager

Hunting Energy Services has appointed a new business development manager for Norway as it targets further growth in the Scandinavian oil and gas sector. The company has appointed Ståle Granberg who will oversee the business development and sales strategy for its well intervention product lines including, fully NORSOK qualified pressure control equipment, downhole tools and thru-tubing. Granberg brings more than 20 years of experience to the position, having previously worked for some of the world’s leading energy sector service providers.

Hans Gieskes (Photo: Chartco)

Chartco Appoints Gieskes as Chairman

Global supplier of maritime digital data and compliance services, ChartCo, has announced the appointment of Hans Gieskes as Chairman. In addition to chairing a range of companies, including the successful AXIO Data Group, Mr Gieskes has been CEO and President of organizations such as Cision – global market leader of cloud-based software and services for PR professionals, and LexisNexis - global market leader for online information and services for legal and risk-management industries. Almost all of his career has been associated with digital technology businesses.

Photo: Orient Overseas Container Line Limited

COSCO to Buy OOCL for USD 6.3 bln

Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and  Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion. The takeover will catapult Cosco the world’s third-biggest container carrier after Denmark’s Maersk Line and Swiss-based Mediterranean Shipping Co. In a press release, the State-owned Cosco said that it will pay shareholders of OOCL,, HK$78.67 a share in cash, a 31 percent premium over the stock’s last closing price.

The Egyptian city will be Bahri Logistics’ third direct port call in the country after Suez and Port Said. Photo: Bahri Logistics

Alexandria is Bahri’s New Direct Port Call in Egypt

Bahri Logistics, one of the top 10 breakbulk carriers in the world and one of the six business units within Bahri, has added Alexandria to its portfolio of ports in Egypt. The addition of Alexandria will enable Bahri to offer breakbulk and ro/ro transportation service on its North American itinerary from key US ports to Alexandria and from Alexandria to the Middle East and India. “Alexandria is our third direct port call in Egypt after Suez and Port Said. Our decision to operate at this port comes after an increasing demand for logistics services to and from this destination…

L-R: Assistant Director, Maritime Safety, Nigerian Maritime Administration and Safety Agency (NIMASA) Engineer Olu Aladenusi, FNSE, Executive Director, Operations, NIMASA, Engr. Rotimi Fashakin, FNSE, His Wife Mrs. Olubisola Fashakin and Head, Corporate Communications, NIMASA, Mr. Isichei Osamgbi at the conferment of the Fellowship status to the NIMASA ED, Operations by the Nigerian Society of Engineers in Abuja recently.  (Photo courtesy of NIMASA)

NIMASA Executive Director, 23 Others Bags NSE Fellowship

The Executive Director in charge of Operations in the Nigerian Maritime Administration and Safety Agency (NIMASA), Engineer Rotimi Fashakin has been conferred with the Fellowship of the Nigerian Society of Engineers (FNSE), the umbrella body of the Engineering profession in Nigeria. The event which held at the Nigerian Air Force conference centre, Kado Abuja on Friday, June 30, 2017 also had 23 other distinguished Nigerians bagging same award. In his speech, the Chairman Board and College of Fellows of the NSE, Engr.

Scott Stephen (Photo: Ashtead Technology)

Stephen Joins Ashtead Technology

Subsea equipment specialist Ashtead Technology has appointed Scott Stephen as its new Non-Destructive Testing (NDT) sales manager. Based at the company’s headquarters in Aberdeen, Stephen will be responsible for business development and general sales and rental of NDT equipment and accessories, including phased array, ultrasonic flaw detection, corrosion mapping, eddy current flaw detection, hardness testing, composite inspection and thickness management. Stephen joins Ashtead from RSL NDT where he held the role of UK manager and was previously with Euro NDT as general manager…

Photo: Yildirim Holdings AS

Yildirim to Sell its Stake in CMA CGM

Turkish port operator Yildirim Holdings AS has announced plans to sell its 24 percent stake in the French shipping major CMA CGM, Bloomberg reported. The company mandated China Citic Bank Corp. to find investors from Asia or the Persian Gulf for its interest in the world’s third biggest container shipping company. “We will either exit our investment completely or remain as an ordinary shareholder,” said Yildirim. Yildirim invested $600 million to become a shareholder in CMA CGM between 2010 and 2011.

Photo: APM Terminals

APM Terminals Wins South America Calls on New Asian Service

Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg Sud prefers their vessels call APM Terminals' facilities in Itajai (Brazil) and T4 in Buenos Aires (Argentina). The weekly Asian service, operated jointly with 13 vessels from Hapag-Lloyd, NYK, Zim, Hamburg Süd and Hyundai, will call the Asian ports of Kelang, Singapore, Qingdao, Shanghai, Ningbo, Hong Kong, Shekou and Busan.

Chris Martin (Photo: Port of Milford Haven)

Martin Named Port of Milford Haven Chairman

The Port of Milford Haven announced the appointment of Chris Martin as its new Chairman. Martin has been appointed by the Secretary of State for Transport and will take up the post on August 1, 2017. Born and bred in Pembrokeshire Martin has been Vice Chairman of the Port of Milford Haven for the last four and a half years, a role he will now relinquish to become Non-Executive Chairman of the Port. For the majority of his career he has been an entrepreneur building and then selling pharmacy chains in the South West of England and Pembrokeshire.

Photo: Hapag-Lloyd

Hapag-Lloyd, UASC Focus on Staff Training

Combined the newly merged German shipping line Hapag Lloyd and Arab sector peer UASC have more than 4,800 sales and customer service personnel represented in 125 countries around the globe. Now as the shipping lines continue the transitional integration period, a global training program is already underway for all UASC staff joining Hapag-Lloyd. In all, around 1,700 days of training are planned, and face-to-face trainings have already started in Asia, Europe and the Middle East.

Photo: Nakilat

Nakilat Transitions LNG Carrier to In-house Management

Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 210,200 cubic meters, Al Sheehaniya is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering was delivered in February 2009 and has been in service ever since.

Niels G. Stolt-Nielsen (Photo: Stolt-Nielsen)

Stolt-Nielsen Aims to Cut Debt

Chemical tanker firm Stolt-Nielsen aims to cut debt, CEO Niels G. Stolt-Nielsen said on Thursday.

Photo: Diana Shipping Inc

Diana Shipping to Refinance its Existing Loan

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has agreed to refinance its existing loan facility with Diana Containerships, having an outstanding balance of US$42.6 million, with a loan facility of US$82.6 million, which reflects an additional loan amount to Diana Containerships of US$40.0 million. The loan also has an additional US$5.0 million interest-bearing amount, which is classified as discount premium.

(from l. to r.) Matthias Müller, Chairman of the Board of Management of Volkswagen AG, Dr. Ottmar Gast, Chairman of the Executive Board of Hamburg Süd, Dr. Francisco Javier Garcia Sanz, Member of the Board of Management of Volkswagen AG responsible for Procurement (Photo: Hamburg Süd)

Hamburg Süd Receives Volkswagen Group Award

Hamburg Süd has been awarded the Volkswagen Group Award 2017. With this award, the largest automotive corporation in the world honors its best suppliers, which stand out for their innovative strength, product quality, development competence, sustainability and professional project management. A total of 19 national and international companies were recognized. Hamburg Süd received the award in the Global Champion category. Volkswagen particularly underlined the “outstanding service quality and customer orientation” and the “remarkable flexibility in numerous situations…

Image provided by Asia Maritime Pacific showing the vessel Shanghai Spirit, sailing outside Shanghai city, China.

Asia Maritime Pacific Implements Onboard Training Solution

Asia Maritime Pacific implements learning solutions from Seagull Maritime fleetwide. Asia Maritime Pacific (AMP) is an Asia-based dry bulk shipping company, specializing in offering personalised solutions and reliable, innovative solutions to its customers. With its modern fleet of Handysize and minibulker vessels, specially designed and fitted to service AMP’s trades, AMP is a trusted partner for dry bulk shipping needs. AMP owns and controls a  fleet of over 40 vessels, covering three sectors:  Minibulker & MPP vessels of 6…

Photo: Qatar Petroleum

Qatar to Boost LNG Production by 30% Amid Arab Dispute

State-owned Qatar Petroleum said Tuesday it aims to raise Qatar’s LNG production from 77 million to 100 million tons per year. The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field, which Qatar Petroleum had announced last April. This will increase the North Field’s production of natural gas, condensate and other associated products by one million barrels of oil equivalent per day. The announcement was made by Saad Sherida Al-Kaabi…

Photo: CMA CGM

Mayor of Shanghai Visits CMA CGM Tower

Rodolphe Saadé, Chief Executive Officer of CMA CGM Group, has received this Tuesday, July 4, 2017, Yong YING, Mayor of Shanghai, who is on an official visit to Marseille for the signature of the 30 years of twinning between the two cities. On this occasion, the Mayor of Shanghai and Rodolphe Saadé looked back on the history of the remarkable relationship between China and CMA CGM since 1992. CMA CGM is the only company he will visit during his trip in France. Yong YING stated: There is a fruitful cooperation between Shanghai and CMA CGM.

Photo: Hapag-Lloyd

Hapag-Lloyd Issues Euro Bond Worth EUR 300mln

Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years. The proceeds will be used for the early redemption of the company’s euro bond due in 2018 and the early partial redemption of the euro bond due in 2019. Currently, the redemption is envisaged for October this year. Hapag-Lloyd is one of the leading companies in the industry and generated an EBITDA of EUR 607.4 million and an EBIT of EUR 126.4 million in 2016.

Photo: Dan-Bunkering

Dan-Bunkering Appoints Jensen as Managing Director

Dan-Bunkering (America) Inc. has announced the promotion of Jim Jensen to the position of managing director as of July 1, 2017.   Jensen initially started with Dan-Bunkering as a bunker trader at its Copenhagen office in 2008 and relocated to Houston in 2012 at the same time as the opening of the group’s first American set-up, where he advanced to commercial director. Prior to joining the Dan-Bunkering Group, Jensen was employed by a large oil company in Denmark.  

Logo: ClassNK

ClassNK and Green Award Strengthen Ties

ClassNK and Green Award announced that they would further broaden their cooperation to ensure safety and minimize negative effects of the shipping industry. ClassNK became a Green Award incentive provider. ClassNK, a ship classification society, known for its highest quality classification services, covers about 20 percent of the world merchant fleet. The society is committed to safety and the prevention of pollution of the marine environment. As such a representative of ClassNK has been a member of the Board of Experts of Green Award Foundation for a number of years.

Containership MOL Commitment. Photo: Mitsui O.S.K. Lines

K Line, MOL, NYK Announce Container Business Merger

Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK)  announced the establishment of a holding company and an operating company, for the integration of the three companies' container shipping businesses, including terminal operation businesses outside Japan. "The new company to be established has received all necessary approvals for compliance with local competition laws in regions and countries where compliance is required for the new company's establishment…

(From Left) Associate Professor, Michael Manuel, WMU; Mr Greg Trauthwein, Vice-President, New Wave Media; Dr. Cleopatra Doumbia-Henry, President, WMU; Mr Murray Goldberg, CEO, Marine Learning Systems, President of WMU, Dr. Cleopatra Doumbia-Henry, the CEO of Marine Learning Systems, Mr Murray Goldberg, and the Vice-President of New Wave Media, Mr Greg Trauthwein, signed a Memorandum of Understanding (MoU) on 29 June at WMU in Malmö, Sweden. (Photo: WMU)

WMU signs MoU with MLS, New Wave Media for Global Survey

The MoU establishes a partnership between the three organizations to conduct recurring global surveys on seafarer training practices in industry and sets out the guiding principles and terms by which WMU, Marine Learning Systems and New Wave Media will conduct these surveys as well as publicize the findings. Speaking at the signing, WMU President, Dr. Doumbia-Henry noted that for many decades there has been a dearth of information regarding how the industry actually manages, delivers and assesses training within and beyond the framework of the requirements of the STCW Convention, as amended.

Philip Tinsley. Photo: BIMCO

BIMCO Names Philip Tinsley as Head Of Maritime Security

BIMCO has appointed Philip Tinsley as its new Head of Maritime Security. Tinsley joined the association in 2015 and assumes his new position after the sad and untimely death of his colleague, Giles Noakes, earlier this year. Before joining BIMCO, Tinsley spent 31 years with the Royal Marine Commandos – an elite specialist unit of the British Royal Navy, where he reached the rank of Major. His time with the military included both coastal and shore-side operations on a global scale and warfighting, with a specialisation in cold weather warfare.

Photo: APL

APL Rolls out Aloha Express Service

APL has unveiled its Aloha Express (AEX) service, a new fortnightly service directly connecting Central China, Korea, Japan to Hawaii. The AEX service promises cargo delivery from Shanghai, Busan and Yokohama to Honolulu in 19, 15 and 12 days respectively. “The AEX service introduces a new sea route in our portfolio to directly serve Asia and Hawaii. Instead of routing via the U.S. mainland, shippers with Hawaiian-bound cargo will find a faster shipping alternative in the AEX service,” said Jesper Stenbak, APL Senior Vice President of Trans-Pacific Trade.

CSSC Launches New Marine Service Business

China State Shipbuilding Corporation (CSSC) said it has formally launched a new business CSSC Marine Service Co., Ltd, to coincide with the inauguration of its new logistics center within the Yangshang free trade zone, Shanghai. The inauguration was marked with a ceremony on June 30, 2017, attended by more than 150 industry representatives from ship owning, managing and operating companies, along with key cooperation partners ABB, MAN PrimServ and WinGD. Able to accommodate more than 20…

File photo: Maersk containerships at Pier 400 in Los Angeles (Photo: APM Terminals)

Maersk Expects Client Business Back to Normal by Monday

Danish shipping giant A.P. Moller-Maersk expects client-facing operations to return to normal by Monday and is resuming container deliveries at its major ports following a cyber attack on Tuesday. 'We expect that by Monday we'll be back to something that looks a lot more like a normalised state of business again,' Vincent Clerc, chief commercial officer at the company's shipping unit Maersk Line, told Reuters in a telephone interview. 'We take the core operating systems for Maersk Line and APM Terminals up first…

Mr. Fu Hongtian General Manager of Sunrui (left) and Vincent Li, DNV GL’s Regional Business Development Manager for Greater China. (Photo: DNV GL)

SunRui BWTS Earns USCG Type Approval

The Chinese manufacturer SunRui and classification society DNV GL celebrated last week, as Sunrui became the fourth manufacturer of ballast water treatment systems (BWTS) to obtain type approval from the U.S. Coast Guard (USCG). Its BalClor system treats ballast water in three steps: Filtration, seawater electro-chlorination for disinfection and neutralization. The company is the first Asian manufacturer to be awarded the USCG type approval certificate for BWTS. As one of five independent laboratories accredited by USCG, DNV GL worked with SunRui on the testing of its BWTS.

Cielo di Salerno (Photo: d’Amico Group)

d’Amico's Entire Fleet is MRV Compliant

RINA Services has verified that the entire fleet of the d’Amico Group has met the Monitoring, Reporting and Verification of CO2 emissions Regulation (MRV) requirements according to EU 2015/757 Regulation. The fleet comprises 36 vessels which are managed by d’Amico Società di Navigazione and 35 vessels managed by its subsidiary Ishima Pte. Ltd. This new regulation was developed in response to the challenge of reducing greenhouse gases in European territories to the 2050 targets set by EU. By 2030 GHG must be reduced at least by 40 percent below 1990 levels.

Grace Barleria (Photo: NYK)

NYK, Kyushu Electric Power Partner on LNG Transport

Japanese firms NYK and Kyushu Electric Power Co. Inc. say they have reached an agreement to partner in various fields, including liquefied natural gas (LNG) transport. According to NYK, the agreement will allow Kyushu Electric Power to use vessels from the shipping company’s fleet for short-term LNG transport, enabling NYK to improve its profitability through efficient vessel allocation and Kyushu Electric Power to improve its flexibility in LNG transport. Shipping company NYK…

Vallenthin Joins Greencarrier Freight Services Board

Greencarrier Freight Services International AB has welcomed Peter Vallenthin, former Managing Director and Senior Vice President of Norwegian Post – Bring, onto its Board of Directors as of October 1. Vallenthin brings experience in the freight forwarding and logistics sector, including senior management roles at both TNT Express and TNT Freight Management, as well as with Geodis Wilson, where he was Managing Director Nordics. Greencarrier Freight Services, one of the Nordic region’s largest privately owned companies specializing in global transport solutions…

Glander International Bunkering Announces Promotions

Marine fuel and lubricant trading firm Glander International Bunkering has internally promoted Bunker & Lubricant Traders in its Dubai office. In the Middle East and Indian subcontinent market, Abdur Rahman, who joined the Dubai office in 2013, has been promoted to Senior Bunker and Lubricant Trader. Laura Toplar joined the Glander International Bunkering group in 2014 as Bunker and Lubricant Trader in Turkey, Russia, Ukraine and the Black and Mediterranean Sea, and has now been promoted to Senior Bunker and Lubricant Trader.

Photo: Maersk Line

Maersk Booking System Back In Action after Cyber Attack

Maersk Line, one of the world's largest container shipping companies, said on Wednesday its cargo booking system was back up and running after a global cyber attack crippled its IT networks a day earlier. "Further to earlier communications, we are now able to accept bookings via INTTRA," the company said on Twitter. Earlier, Maersk said it was using alternative channels to take orders manually and to communicate with customers until it could resolve its IT problems.

The LR funded Sailors’ Society Emergency Welfare Fund has helped thousands, including  seafarer’s son, Mati. (Photo: Sailors’ Society)

Lloyd’s Register Helps Seafarers in Need

Lloyd’s Register (LR) has donated £20,000 to Sailors’ Society’s Emergency Welfare Fund which provides financial relief to seafarers and their families in dire need. Every year, maritime charity Sailors’ Society is inundated with requests for support from seafarers with diverse and pressing welfare needs. This is the seventh year running that LR has donated to the fund, bringing its total contribution to more than £140,000. The fund has helped thousands of seafarers and their families over the years…

Stacey Lewis (Photo: Port of Long Beach)

Port of Long Beach Promotes Lewis

The Long Beach Board of Harbor Commissioners approved the selection of Stacey Lewis as Director of Human Resources Services to lead the division that administers employment for the Harbor Department. The appointment is effective July 1. Lewis, the Port’s Assistant Director of Human Resources, was promoted to Director following the retirement of the previous HR Director. Lewis joined the Port of Long Beach in 2008. She was appointed Assistant Director of Human Resources in January 2009.

Photo: A.P. Moller – Maersk

Maersk Bullish on India

Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter. “This dip in import growth was due to piling up of inventory in the market post demonetisation and lack of clarity around Good and Service Tax. It is noteworthy that despite the looming threat of the current geopolitical environment worldwide on global trade, India has been able to maintain its growth trajectory,” Franck Dedenis, Head of West Central Asia Trades said.

Photo: WWL

Current and Former WWL Execs Accused of Price Fixing

Two former and one current executive of the shipping company Wallenius Wilhelmsen Logistics AS (WWL) have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday. Former executives Arild Iversen and Anders Boman were indicted in November 2016 along with current executive Kai Kraass, the department said. The indictment was unsealed on Tuesday. Iversen is a former WWL chief executive, Boman was head of the Asian business for WWL and Kraass was Head of Commercial, Region Europe, according to the complaint filed with the U.S.

Shawn Garry (Photo: Bouchard Transportation Co., Inc.)

Garry Joins Bouchard as Regulatory Compliance VP

Shawn Garry has joined Bouchard Transportation Co., Inc. as Vice President of Regulatory Compliance and Inspections, tasked with ensuring that the company achieves regulatory compliance and meets SubChapter M requirements. Garry will be the primary contact for Gulf Coast region internal and external vetting, SIRE, ABS, USCG and ISM. Prior to joining Bouchard, Garry worked at the U.S. Coast Guard as an Engineer of the Watch Afloat, Senior Marine Inspector, and Marine Casualty Investigator. Morton S.

Photo: Dick Sellenraad / Port of Rotterdam

Cyber Attack Hits 17 APM Container Terminals

Seventeen shipping container terminals run by APM Terminals have been hacked, including two in Rotterdam and 15 in other parts of the world, Dutch broadcaster RTV Rijnmond reported on Wednesday. APM Terminals is a subsidiary of shipping giant Maersk , which has confirmed it is suffering from a cyber attack. APM's website was difficult to reach and phones at its headquarters in The Hague and offices in Rotterdam went unanswered. A spokeswoman for the company in Copenhagen confirmed its systems were "impacted" as part of Maersk's IT infrastructure.

Photo: BW Group

BW Group Completes VLCC Deliveries to DHT

DHT Holdings, Inc. said it has taken delivery of nine VLCCs acquired from the BW Group Limited, as well as the contracts for two VLCC newbuilds due for delivery in 2018. "The delivery of the fleet acquired from BW has been conducted in a speedy and efficient manner," DHT senior management said it a press release. The deal was announced in March 2017. With the latest vessel deliveries, DHT now has a fleet of 30 VLCCs, including 26 in the water and four under construction scheduled for delivery in 2018, as well as two Aframaxes. The total dwt of the fleet  is 9,498,752.

File photo: Maersk Line

Maersk Says It's Been Cyber Attacked

Shipping giant A.P. Moller-Maersk, which handles one out of seven containers shipped globally, said the Petya cyber attack had caused outages at its computer systems across the world on Tuesday. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. "Global cyber-attack Petya is affecting multiple businesses," Maersk said on Twitter. The breakdown affected all business units at Maersk, including container shipping, port and tug boat operations, oil and gas production, drilling services, and oil tankers, the company said.

Photo: ABG Shipyard

Woes Mount for ABG Shipyard

The Indian ministry of defence (MoD) has terminated the contracts with India's ABG Shipyard, which already  was out of the race for $2.6-billion four Landing Platforms Docks (LPD). This comes as another serious setback to the Shipyard after it was listed as non-performing asset (NPA) accounts by the Reserve Bank of India (RBI) for fast resolution under the insolvency law. ABG Shipyard has failed the corporate debt restructuring (CDR) carried out by ICICI bank. The Financial Express reported that keeping in mind the poor financial health of the shipyard…

Photo: Port Authority CFO Paul Smits tells presenter Mare Straetmans (Managing Director of PortXL) and the audience at the Shakedown event which start-ups the Port of Rotterdam Authority will be working together with. Photo: Marc Nolte

Rotterdam Port Contracts Four PortXL Start-ups

The Port of Rotterdam Authority is entering into a partnership with four start-ups for the development of as many innovative projects. Along with six other starters, these companies took part in the port-related accelerator programme PortXL and presented their results during yesterday’s ‘Shakedown’. The ten selected start-ups made amazing progress in the three month long PortXL programme. In fact, nine of them saw their efforts rewarded with a contract with organisations such as Van Oord, Vopak, Boskalis, Alliander and Stena Line.

Frank Coles, CEO, Transas  (Photo: Transas)

Transas CEO Coles Speaks on the Future for Seafarers

A message from Frank Coles, CEO of Transas on the International Day of the Seafarer. On this day of recognition, I would like to celebrate the women and men who commit their careers and their lives to being at sea for extended periods of time. The future facing the maritime industry today is a very different one from when I first went to sea in 1977. Back then the sextant was King. Today the people working at sea are aided by countless new technologies and digital innovations which have had a huge impact, improving both operations and safety.

Photo: Eye-share

Eye-share Eyes Maritime Industry Expansion

Document automation company Eye-share AS said it has formed a partnership with Singapore-based Norcomms and Brazil-based M&O Partners with the aim to reach new customer segments in the maritime industry. Eye-share AS provides software for electronic processing of any document, and are providing solutions to more than 500 customers in 43 countries worldwide. The solutions are integrated with all leading ERP systems. The company said it already has several ties to the maritime industry through partnerships with BASS…

Robert R. Barkerding, Jr. (Photo: Port of New Orleans)

Barkerding Elected Port NOLA Chairman

The Port of New Orleans Board of Commissioners has elected Robert R. Barkerding, Jr. as its new chairman, succeedsingMichael W. Kearney, whose term as chairman expired this month. Barkerding represents Jefferson Parish and joined the Board in February of 2013 when he was appointed by former Gov. Bobby Jindal. Kearney will continue to serve as a commissioner. In addition, the Board elected Laney T. Chouest Vice Chairman and Arnold B. Baker Secretary-Treasurer. Barkerding is President of Admiral Security Services Inc.…

Guy Platten, CEO UK Chamber of Shipping (left), and Mark Charman, CEO Faststream Recruitment Group (right) (Photo: Faststream)

Faststream Opens New Global Headquarters

Faststream Recruitment founder and CEO Mark Charman launched the group’s new global headquarters in Southampton alongside Guy Patten, CEO of the U.K. Chamber of Shipping, at an official unveiling event on June 21. Faststream was established in Southampton in 1999, having gone on to launch further international offices in North America and Asia, with its Southampton office remaining as its global headquarters and housing more than 70 of its 100 worldwide staff. Charman commented, “We are hugely proud of our achievements over the past 18 years and very excited about our new global headquarters.

Susan “Suz” Michel (Photo: Crowley)

Crowley Names Michel VP, Human Resources and Learning

Crowley Maritime Corp. has appointed Susan “Suz” Michel as vice president of human resources and learning, bringing all aspects of human capital management under her leadership – from talent acquisition to training and professional development to long-term employee retention. Michel joined Crowley in 2004 and most recently served as vice president of organizational development and change leadership. She will remain based in Jacksonville and continue to report to Carl Fox, senior vice president of corporate services.

Port NOLA Chairman Michael Kearney, joined by Port NOLA President and CEO Brandy D. Christian, receives the 2017 Diolkos Award at the 7th Annual Rail Supply Chain Summit in Chicago on June 14, 2017. Photo Credit: MEP&A

Port NOLA Chairman Receives Leadership Award

Michael W. Kearney, Chairman of the Board of Commissioners of the Port of New Orleans, was named recipient of the 2017 Diolkos Award at the 7th Annual Rail Supply Chain Summit in Chicago on June 14, 2017. The Diolkos Award recognizes an individual with outstanding vision and leadership within the supply chain who equally has contributed to his community. The award is named after Ancient Greece’s Diolkos Wagonway, the world’s first supply chain and earliest known form of rail transport, which facilitated the transfer of heavy cargo from sea, over land, to the sea.

Photo: CEVA

CEVA Opens Office in Myanmar

As part of its strategic expansion in the Mekong markets, upply chain management company CEVA Logistics has opened its office in Myanmar's capital, Yangon. For the last five years, CEVA has been operational in the country through a network partner, providing freight management services to a number of multinational and local customers. Effective June 2017, the company now has its own office, offering the full spectrum of air and ocean freight services with access to the CEVA network using One Freight System (OFS) – CEVA’s glvobal system which manages all freight movements worldwide.

Paul Manzi (Photo: Crowley)

Crowley Names Manzi Vice President of SSQE

Crowley Maritime Corporation has appointed Paul S. Manzi as the company’s new vice president of safety, security, quality and environmental stewardship (SSQE), effective July 1. Manzi, who will be based in Jacksonville and report to Carl Fox, senior vice president, corporate services, succeeds Charlie Nalen, who is retiring after 36 years of service to Crowley. Reporting to Manzi will be Daniel Smith and Ketra Anderson, who are both directors of SSQE based in Seattle. Manzi joined Crowley last year as director of health and safety…

Tom Holmer (Photo: SSI)

Sustainable Shipping Initiative Names Holmer GM

The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping industry, announced the appointment of Tom Holmer as its new general manager. Holmer comes from a background of social sustainability, working for the benefit of seafarers and their families with the International Seafarers Welfare and Assistance Network (ISWAN) and the ITF Seafarers’ Trust, as well as conducting consultancy work on sustainability issues in the transport sector with Public World.

Photo: Hamburg Süd

Hamburg Süd Meets Pharmaceutical Transport Guidelines

The transportation of pharmaceutical products in reefer containers is subject to particularly strict guidelines of the Good Distribution Practice (GDP) scheme. Hamburg Süd said it will meet the requirements with regard to calibration processes as of July. The guidelines for GDP are specified by the World Health Organization as well as the European Commission. They stipulate that the temperature-regulating sensors of the reefer machinery not only monitor each other automatically, but also that calibration has to take place, and be documented, at regular intervals.

Photo: Noble Group

Noble Group Gets Debt Lifeline

The striggling commodities giant Noble Group has secured a 120-day extension for its USD 400 million credit facility from June 20, 2017. According to Reuters, Noble Group, has over 100 vessels on charter, confirmed that its lenders had agreed to push back a repayment deadline by four months and said it continued to be in talks with potential investors about the sale of an interest in the company or parts of its business. The company had persuaded banks to extend the $2 billion credit line…

APM Terminals to Cut 160 Staff at Gothenburg after Strikes

Port operator APM Terminals, part of A.P. Moller-Maersk, said it will cut 160 staff at its Gothenburg terminal in Sweden, the largest in Scandinavia, as labour disruptions had caused container volumes to drop by 25 percent over the past year. "We have lost about 70,000 containers in revenue over the past year," Henrik Kristensen, head of APM Terminals in Gothenburg, told Reuters on Tuesday. Around half of all Swedish container traffic moves through the terminal in which APM Terminals invested 800 million Danish crowns ($120 million) in 2012-16…

To date more than 1,000 seafarers have benefited from Sailors’ Society’s Wellness at Sea coaching program, equipping them to better cope with the stresses of life at sea (Photo: Sailors' Society)

UK P&I Club Investing in Seafarer Welfare

The UK P&I Club has confirmed its commitment to making a positive impact on seafarer welfare by extending its support of Sailors’ Society’s Emotional Wellness module. One of five sections in the global maritime charity’s Wellness at Sea coaching program, the Emotional Wellness training aims to improve emotional well-being through early identification of mental health issues and to enable seafarers to handle challenging situations at sea. Well-being of crew is a priority for UK P&I Club…

Among those recognized, 65 vessels of Foss Maritime and its subsidiary companies were granted the 2016 Jones F. Devlin award for outstanding safety records. Pictured: Susan Hayman from Foss accepts the award. (Photo: Foss)

CSA Awards Vessel Safety

The U.S. maritime industry publicly recognized the merchant mariners responsible for safe ship operations at the Annual Safety Awards Luncheon held on June 7, 2017. In all, 211 people, representing 53 companies and their subsidiaries attended the annual industry-sponsored event where 1,582 vessels with 10,604 cumulative years of accident free operation were recognized. Since 1958, the Chamber of Shipping of America (CSA) has also sponsored the Safety Achievement Award program which recognizes outstanding feats of safety that contribute to saving a life, a ship or other property.

David Mullard leads a product demonstration at Euro-Lift in Russia. (Photo: Straightpoint)

Straightpoint Appoints Euro-Lift as Russian Distributor

Straightpoint has named a distributor in Russia, as Euro-Lift, based in Tolyatti near Samara on the Volga River, joins the company’s expanding dealer network. Integral to Hampshire, UK-headquartered Straightpoint’s growth strategy is partnerships with lifting-centric businesses across the world. A commonality of these distributors is their portfolios of equipment from leading manufacturers of hoists, rigging gear and below-the-hook components. Euro-Lift will add Straightpoint’s range of force measurement…

Radhik Pillai (Photo: Dan-Bunkering)

Pillai Joins Dan-Bunkering

Dan-Bunkering (Middle East) DMCC has announced that Radhik Pillai started as Bunker Trader in the company’s office in Dubai on June 1, 2017.   Pillai was born in India but raised in UAE where he has also pursued his MBA from Manipal University. In addition,Pillai  has special knowledge of the container segment after having worked with this prior to joining Dan-Bunkering.  

Pic: DOF ASA

DOF Subsea Shelves IPO Plans

Norway's DOF Subsea has decided to hold off on launching its initial public offering (IPO), citing volatile market conditions. Company shareholders DOF ASA, with 51 percent, and a fund managed by First Reserve, with 49 percent ownership, announced in May that they were considering an opportunity for the company to apply for a listing on Oslo Stock Exchange. The shareholders have now decided to shelve these plans, instead opting to wait for market conditions to improve. “Since the review started…

Elandra Falcon. Photo:  A/S Latvijas kuģniecība

Latvian Shipping Company Adds 25th Tanker to its Fleet

The JSC Latvian Shipping Company subsidiary LSC Shipmanagement (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Falcon”, which is the 25th tanker managed by LSCSM. The new tanker is intended for transportation of oil products. Her total length is 268.25 meters and deadweight – 157’000  tons. “We are delighted that LSCSM is able to expand the fleet under its technical management, which is a sign of quality that attests to the professionalism and skills of our crews and ship management team.

Pic: Vroon Group

Vroon Says Talks with Banks ‘Constructive’

Troubled family-owned Dutch shipping group Redderij Vroon has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt. The Dutch company specializing in offshore and shipping business has reached agreement with its creditors, the Telegraaf reported. The Breda-based concern has debts totalling EUR 1.1bn, and some activities will be trimmed down. A press release from the company said that Vroon has a substantial presence in the offshore-support-vessel market, through its subsidiary Vroon Offshore Services.

Leadership Change at Wabash National Corporation

Wabash National Corporation, a diversified industrial manufacturer and North American producer of semi-trailers and liquid transportation systems, announced that Mark Weber, senior vice president and group president of Diversified Products, has left the company effective immediately to pursue other opportunities.   Brent Yeagy, president and chief operating officer, will step in to lead the Diversified Products Group until a successor is named.  

Photo: Pacific Radiance Ltd

Pacific Radiance Gets USD 45.3mln in Vessel Deals

Singapore's Offshore support vessel (OSV)-focused Pacific Radiance said that it has won US$45.3 million of new contracts including options, which will add to its operating cash flow. Under these contracts, ten of the Group’s offshore support vessels, including a diving support vessel, are being deployed to support projects in Asia and the Middle East. They are chartered to new and existing clients to provide services which include towing, repair and maintenance, transportation and platform support.

Photo: European Community Shipowners' Associations (ECSA)

ETF, ECSA Join for Digitalisation in Shipping

European seafarers and shipowners highlight the importance that shipping is urgently better served by smart digital solutions to finally decrease the administrative burden they face. European Transport Workers' Federation (ETF) and European Community Shipowners' Associations (ECSA) call on the European Commission to prioritise this matter as part of its Digital Agenda and Better Regulation Initiative and to propose a revision in time for it to be completed during this legislature. They call upon the European Parliament and Member States to fully support and prioritise such a revision.

EMI Opens Houston Location

EMI, a division of W&O, said it has expanded its efforts to support the inland boat sector by opening a new location in Houston.   Craig Cabiro, COO of EMI, said the new location will offer service capabilities and inventory locally for the Southeast Texas market.   “Our expansion into Houston is the first of several strategic locations EMI will be adding to provide quicker response times and local support where our customers need us most,” Cabiro added.   The new EMI location will be in the same building as the W&O Houston branch and will host a service technician.  

Left to right: Councillor George Davies, Deputy Leader, Wirral Council; Mersey Maritime Chief Executive Officer Chris Shirling-Rooke and  Martin White, Chief Executive, Stream Marine Training (Photo: Mersey Maritime)

Funding Secured for New UK Offshore Training Site

Investment for the new training facility was officially agreed this week, following months of discussions in which Mersey Maritime played a vital role. The cluster organization for the maritime sector in the North West has been instrumental in initiating discussions and lining up potential partners from across the region’s public and private sectors to secure the business connections and support needed to bring Glasgow-based Stream Marine Training to Merseyside. Stream Marine…

Image: EBDG

Gullickson Joins EBDG

Stephanie Gullickson joins Elliott Bay Design Group's Seattle office as the Marketing Manager. She brings 12 years of experience within the maritime industry including management, marketing, sales, event planning and administrative support. Stephanie will be responsible for the development of policies, processes, and procedures to ensure consistent and effective company-wide marketing efforts in order to successfully garner new business opportunities. Stephanie graduated from…