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…
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.
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.
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…
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…
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.
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.
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…
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.
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…
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.…
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…
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.
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 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.
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.
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.
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…
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.
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…
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.
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.
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.
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.
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…
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…
Gulf Petrochem Expands European Bunkering Division
Gulf Petrochem Group, the UAE based global bunker supplier, said it is now officially offering physical supply of Gasoil on the River Thames, U.K. The group’s deliveries will be carried out using a barge on an exclusive long-term charter named the Conveyer. The move will allow Gulf Petrochem Group to supply ISO compliant Gasoil to its customers at all ports and wharfs along the Thames and Medway. Further, the group’s Rotterdam operations have added to its current fleet with the time charter of The Melbourne.
DNV GL Opens Fleet Performance Centers
DNV GL informs it has opened two digital fleet performance centers in Hamburg and Singapore to support its ECO Insight customers in monitoring and optimizing their fleets. Expert systems at the fleet performance centers are able to check incoming vessel data from customers using the ECO Insight platform, providing quality control of the data and offering suggestions on potential improvement levers for both individual vessels and fleets, such as identifying speed loitering and over-usage of auxiliary engines or boilers, DNV GL said.
Active Shipping Moves Tanker and Bulk Carrier Fleet to Sealink VSAT
Active Shipping is teaming up with Marlink and its regional partner Ozsay Satellite Communications to move into the world of high-speed maritime broadband and ship digitalization. By installing Marlink’s Sealink Global VSAT service combined with the XChange digital solutions platform, the Istanbul, Turkey-based ship manager will experience a significant boost to its operational capabilities on its vessels, which comprise oil tankers and bulk carriers. Active shipping will run…
Kirby Corp Acquires Stewart & Stevenson
Houston based tank barge operator Kirby Corporation said it has signed an agreement to acquire the assets and businesses of Stewart & Stevenson LLC for approximately $710 million. The agreement was signed on June 13 by the companies’ executive chairmen, Joseph H. Pyne of Kirby Corporation and Hushang Ansary of Stewart & Stevenson. Kirby said the purchase will be funded through its revolving credit facility and common stock valued at approximately $355 million. Stewart & Stevenson, also based in Houston, is a subsidiary of the Houston-based Parman Capital Group.
Maersk Sells Mercosul Line to CMA CGM
An agreement between two container carrier giants will see CMA CGM acquire Maersk Line owned Mercosul Line, a player in Brazil’s domestic container shipping market. The price of the sale was not made public. The transaction is subject to Brazilian regulatory approval as well as the closing of Maersk’s recent Hamburg Süd acquisition. At the earliest, Mercosul's integration within CMA CGM is expected to start in Q4 2017 at the same time as the Hamburg Süd integration. Until then, Mercosul Line will continue business as usual.
Service Honors Seafarer who Died in a Canadian Port
Seafarers’ charity Apostleship of the Sea (AoS) held a service on board a ship following the death of a seafarer at the port of Trois-Rivières, Canada, on May 22. AoS Canada National Director and Montreal port chaplain Fr Andrew Thavam said Mass for the deceased seafarer, a crew member of the bulk carrier Nord Quebec. The 38-year-old Filipino man was found unconscious and with serious injuries on the deck of his ship. He was rushed to hospital but died later that night. The tragic accident left the remaining 18 Filipino crew members shocked and saddened.
Optimarin, Goltens Ink Spare Parts and Service Deal
Optimarin informs it has signed an agreement with Goltens Green Technologies giving the Norwegian-headquartered ballast water treatment (BWT) specialist a global network of spare parts warehousing and service engineers. The framework agreement, negotiated at this month’s Nor-Shipping, will enable Optimarin to use facilities in Asia, North America and the Middle East to provide its worldwide customer base with local lead times for the commissioning and maintenance of its market proven Optimarin Ballast System (OBS). “We know Goltens very well,” said Optimarin CEO, Tore Andersen.
Sinochem, Seagull Enter Training Collaboration
Sinochem Shipping Co.Ltd. has signed a long-term agreement with Seagull Maritime to deliver earning on board its entire fleet of chemical tankers. Sinochem will start with a selected library of e-learning modules and reflective learning films for their fleet, several of which will be delivered with Chinese translation and subtitles. “It is a known fact that our focus on language translations over the past years will help us tie even stronger bonds in the Asian regions” says Mr Lim Soo Hock, Managing Director Seagull Maritime Information Technology, Singapore.
North P&I Club Joins Cyber Crime Fight
North P&I Club joined a collaboration between shipping industry leaders, including BIMCO, DNV GL and the Marshall Islands Registry, to combat cyber criminals by committing to the CSO Alliance’s global information and reporting platform for digital attacks. Cybercrime is a rapidly growing global threat in all industries and shipping is not immune. Digital risks have industry-wide implications, and strength in numbers is the best defence against a threat that is dynamic, rapidly evolving, and multiplies when a weakness is identified.
Star Bulk Acquires Supramax
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, has announced that it has entered into a definitive agreement to acquire a Supramax dry bulk carrier from an unaffiliated third party. The acquisition will be partly financed through debt secured from a financial institution. The Vessel has a carrying capacity of 56,582 deadweight tons and was built to high specifications at Jiangsu Hantong Shipyard, China in 2011. The Vessel is expected to be delivered to Star Bulk during the month of July 2017.
Port of Oakland Welcomes 20 Paid Interns
Twenty college students preparing for careers in engineering, law, marketing and more have started paid summer internships at the Port of Oakland. For the next two months, interns will be involved in the port’s daily operations while learning technical skills on a wide range of assignments at the port’s maritime, aviation and commercial real estate businesses. They will also have a “hands on” opportunity to work on the port’s major development projects. “Our interns represent the future workforce of the Port of Oakland and the region…
Seaspan Ferries Opens Duke Point Terminal
Seaspan Ferries Corporation (SFC) hosted an official ceremony in Nanaimo, BC to mark the grand opening of its new Duke Point Terminal. The 18 acre, multi-berth facility, which took approximately 19 months to build, consolidates operations from the previous downtown-located operation and the old facility at Duke Point. The terminal can accommodate 360 trailers as well as an overflow lot, and includes state-of-the-art hydraulic, dynamic-suspended ramps, each 35m x 10m wide. “The…
Crowley Honored Among America's Healthiest Companies
For the fourth consecutive year, Crowley Maritime Corp. has been honored as one of the Healthiest Companies in America by Interactive Health, a national leader for personalized wellness solutions. Crowley is among 156 companies nationally being recognized for helping employees improve their health, sometimes with life-saving changes. More than 1,700 Crowley employees and spouses participated in the company’s Live Well health evaluation and wellness program in 2016, representing about 84 percent of eligible participants.
Madrid Maersk Breaks Antwerp Record
A new record was set in the Deurganck dock in the port of Antwerp Friday morning, June 9, when the Madrid Maersk moored there for the first time. With a length of 399 metres and a capacity of 20,568 TEU it is the largest container ship ever to call at the port. The Madrid Maersk will remain in Antwerp until Sunday, June 11, 2017. During its stay 300 dockers will work non-stop to load and unload 7,000 containers. After the call in Antwerp the ship, which forms part of the Maersk Line’s AE2 service, will set sail for Rotterdam.
Dorian LPG Secures $97 Mln Bridge Loan
Dorian LPG Ltd., owner and operator of very large gas carriers (VLGC), said it has entered into a $97 million bridge loan agreement with DNB Capital LLC. The proceeds of the Bridge Loan were used to repay the remaining outstanding debt of $98.6 million under the company's secured bank debt facility with Royal Bank of Scotland plc. for $94.7 million and to pay fees and expenses associated with the transaction. As part of the refinancing, $6 million of cash previously restricted under the RBS Loan Facility was released as unrestricted cash for use in operations.
Reederei Hamburger Lloyd Celebrates 10th Anniversary
The shipping company Reederei Hamburger Lloyd (RHL) is celebrated its 10th anniversary on the occasion of its fourth traditional Rice & Curry dinner on June 8, 2017 in the Hafen Klub, Hamburg. In June 2007, the ATALANTA Beteiligungsgesellschaft mbH & CO KG and its subsidiary HHSI Hansa Hamburg Shipping International GmbH & Co. KG founded the container shipping company Reederei Hamburger Lloyd GmbH & CO KG, or HAMBURGER LLOYD for short. With the merger of RHL Reederei Hamburger Lloyd & CO KG and BCH Befrachtungscontor Hamburg GmbH & Co.
Maritime Partners Aim to Increase Opportunities for Women
Women’s International Shipping and Trading Association (WISTA International) and Institute of Chartered Shipbrokers (The Institute) are partnering to increase the professional competence and enhance educational opportunities for women in the maritime industry. In a Memorandum of Understanding (MOU) has signed in London, the two organizations will offer five scholarships annually over the next 10 years to individuals nominated by WISTA International. The scholarship will cover the Foundation Diploma program at The Institute.
BIMCO Sets Course for Digitalization
Anastasios Papagiannopoulos, CEO of Common Progress has been elected President of BIMCO has set three clear themes for his two-year presidential term. The first is to promote digitalisation across the industry. BIMCO will be working on a range of projects using convergent technologies to pursue this objective, including applying new advances in software capability to develop a brand new contract editing tool. Promoting digitalisation will be key to achieving the president’s second theme, which is to reduce the administrative burden for the ship’s master.
ABS Hosts Industry Leaders in Athens
ABS, a provider of classification and technical services to the marine and offshore industries, held its annual Hellenic National Committee meeting in Athens, Greece in June. “As the recognized classification leader in Greece, we bring together the best and brightest industry leaders for transparent, robust and engaging conversation related to key industry issues,” said ABS Chairman, President and CEO Christopher J. Wiernicki. The committee meeting provides a forum for ABS Members…
Ahlqvist Appointed Cruise Terminal Manager in Visby
Copenhagen Malmö Port, CMP, has employed Henrik Ahlqvist as terminal manager for the new cruise terminal in Visby. The new cruise terminal will open in April 2018. Henrik Ahlqvist will be responsible for the cruise terminal and associated operations, and ensure that the new terminal functions well and is run effectively. Henrik Ahlqvist’s most recent position was at Ports of Stockholm, where he was in charge of Cruise & Ferries and simultaneously Deputy Harbor Master. Besides responsibility for cruises…
V.Group Aims to Simplify Organization Structure
V.Group has announced plans for a new simpler organization structure, which it said aims to make customers the focus of decision making and to set new standards in ship management and marine services performance. As part of the changes, V.Group’s regional technical operations will report directly to the CEO, and regional operations will be supported by a number of specialist functions. According to V.Group, the new structure will eliminate unnecessary reporting layers, clearly define accountability and enable increased investment in group-wide talent development, systems and technologies.
Antwerp Mulls China Collaboration
Antwerp Port Authority signed a collaboration agreement with the port of Caofeidian in China. The collaboration forms part of the “One Belt One Road” project in which China seeks to connect its main ports and industrial cities more closely with crucial trade centres elsewhere in the world including Europe. The Memorandum of Understanding was signed in the presence of the prime ministers of Belgium and China at a ceremony held in Val Duchesse castle where seven other agreements between the two countries were also concluded at the same time.
CMA CGM Slashes CO2 Emissions 4% in 2016
CMA CGM Group said it has reduced its CO2 emissions per container transported by 4 percent in 2016. In 2016, the Group has succeeded in reducing its carbon emissions in line with its 2025 targets. The CMA CGM Group intends to reduce its CO2 emissions per transported container by 30 percent by 2025. CMA CGM had already improved its performance per transported container per kilometer by 50 percent between 2005 and 2015. Operational optimization of the fleet thanks to the work of the exports of CMA CGM Fleet Navigation and Support Center.
Saudi Consul General Meets Officials of Bahri Houston
Saudi Arabia Consul General Sultan Al Angari recently met with officials of Saudi Arabia based transportation and logistics company Bahri in Houston, where they presented the Consul General with a Bahri ship model in appreciation of his support of Bahri Logistics’ Houston office opening. Bahri announced the opening of its second North American office in Houston on March 20, 2017.
SeaCube Container Leasing Names Sappio CEO
SeaCube Container Leasing Limited announced the appointment of Robert F. Sappio to the position of Chief Executive Officer, effective immediately. Sappio will be based in SeaCube's headquarters in Woodcliff Lake, N.J. Sappio brings international experience in the shipping and intermodal transportation industry to his new role. He joined SeaCube as Chief Operating Officer in 2014 and has since led the company's efforts in sales and marketing, customer service, procurement, strategic planning and investment strategy.
Seattle Continues Search for New Port Director
The Port of Seattle Commission has launched a public process to find a new Executive Director to lead the organization . The Commissioners are seeking input from the public, customers and employees about the qualities and experience desired in a new leader. An electronic survey is available to provide feedback until June 23. The Port Commission has retained a local executive search firm to conduct a regional search and anticipates hiring a new leader this fall. “The Port of Seattle is one of our region’s greatest public assets…
SUNY Maritime Scholarship Dinner Honors Five
For years, SUNY Maritime College’s annual Admiral’s Scholarship Dinner has helped to raise support to fund student scholarships. This year, in addition to setting an attendance record, it also set a record for donations. Jim Lawrence, chairman of Marine Money International and board member of Seamen’s Church Institute, welcomed the 650 alumni, parents and friends. The Admiral’s Scholarship Dinner raised $780,000, contributions that go directly to help students fund their studies. “These scholarships help the college recruit the best and brightest students to Maritime College,” said Rear Adm.
Coast Guard to Be Honored in DC
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 13th Annual Tribute to the United States Coast Guard in Our Nation’s Capital will take place on Tuesday, June 6, 2017 at the National Building Museum, Washington, D.C. Secretary of Homeland Security John F. Kelly and Admiral Paul F. Zukunft, Commandant of the Coast Guard will deliver keynote remarks. Dinner chairs are Coast Guard Foundation board members Admiral Thad Allen, USCG (Retired) and Corrine Kosar. Secretary John F.
ICS to Tell UN: Shipping Committed to Green Growth
The United Nations Ocean Conference (June 5-9), organized by the UN General Assembly, opens today in New York. On Tuesday, June 6, the International Chamber of Shipping (ICS) will explain that the global shipping industry is fully committed to the UN Sustainable Development Goal for the protection of the Ocean. ICS says that the decision by President Trump to withdraw the U.S. from the Paris Agreement on climate change will have no impact on the shipping industry’s strong commitment to reducing its CO2 emissions.
World’s First Ice-breaking LNG Carrier Christened
The world`s first icebreaking liquefied natural gas (LNG) carrier was named Christophe de Margerie in St. Petersburg, Russia. Russia’s President Vladimir Putin, South Korea’s Ambassador to Russia Park Dae-bong and Daewoo Shipbuilding & Marine Engineering Co. (DSME) CEO Jung Sung-leep attended the naming ceremony for the country’s new carrier. The ship will be deployed for Russia’s national Far East resource development in the Yamal Peninsula, in the western part of Siberia. The icebreaking LNG carrier, 299 meters long and 50 meters wide, can carry 173,600 cubic meters of LNG.
Matson Increases Its South Pacific Express Service
Matson said it it will increase the frequency of its South Pacific Express (SPX) service to Samoa and American Samoa from 28 days to 14 days. The service provides transits from Hawai'i and the U.S. West Coast to the Samoas: 12 days from Long Beach and 5.5 days from Honolulu to Pago Pago, with an extra day to Apia. Matson launched its SPX service on August 10, 2016, establishing reliable, fixed day shipping service between the U.S. West Coast, Hawai'i and the Samoas. Its new fortnightly SPX schedule is made possible by the company's acquisition of a larger…
'Anatomy of an Accident' Dissects Casualty Response
Anatomy of an Accident, a new publication from The Swedish Club, provides a unique insight into the huge coordinated exercise that surrounds a serious vessel casualty. Illustrating just how easily an incident can escalate; the guide explores the various parties and processes involved in dealing with an emergency situation, and the complicated interplay between the cast of professionals involved in bringing an incident to a resolution. Developed out of The Swedish Club’s Emergency Response Training programme…
Ocean Signal MD Wrigley Steps Down
Alan Wrigley has announced that he is stepping down from his role as Managing Director of communication and safety at sea specialist Ocean Signal. Effective from June 1, 2017, company founder Wrigley is replaced by Ocean Signal’s current Senior Project Manager, Neil Jordan, in a planned transition developed to continue the rapid growth of the Margate-based business. Wrigley, who has been involved in the marine electronics industry for over 41 years, has steered engineering-led…
Mortensen Joins Glander International Bunkering
Glander International Bunkering has hired Nicolai Rosendahl Mortensen, as Bunker and Lubricant Trader in its Dubai office. Mortensen was born and raised in Esbjerg, South West Denmark and is not new to the industry, bringing with him over three years of bunkering experience. Prior to working for Glander International Bunkering, he has worked varying roles within the maritime industry, thus he is well established within the industry and possesses a global understanding of the market.
Tanker Investments Merges with Teekay Tankers
Teekay Tankers has agreed to acquire all the remaining issued and outstanding shares of Tanker Investments (TIL), in a share-for-share merger at an exchange ratio of 3.30 Teekay Tankers Class A common shares for each TIL common share. Teekay Tankers currently owns 3.4 million common shares, or 11.3 percent, of TIL. TIL's fleet consists of 10 Suezmax tankers, 6 Aframax tankers and 2 LR2 Product tankers with an average age of 7.3 years. Following the merger, Teekay Tankers' fleet will consist of 62 conventional tankers…
Rickmers to File for Insolvency as Revamp Fails
German shipping group Rickmers said it would file for insolvency after bondholder HSH Nordbank rejected its restructuring plan a day ahead of a last-ditch bondholders' meeting. Rickmers had proposed a revamp plan under which the equity stake of owner Bertram Rickmers was to be reduced to 24.9 percent, while bondholders, HSH Nordbank and potentially another bank would hold 75.1 percent. But HSH "highly surprisingly" rejected that plan, Rickmers said in a statement on Wednesday.
Norsepower CEO Scoops Young Entrepreneur Award
Norsepower Oy Ltd., a leading provider of low-maintenance, software operated, and data verified auxiliary wind propulsion systems, has announced that its CEO Tuomas Riski is this year’s recipient of the ‘Young Entrepreneur Award’. The accolade was presented to Tuomas yesterday, by His Royal Highness Prince Haakon of Norway, during the opening ceremony of the 2017 Nor-Shipping Conference. Launched in 2013 in collaboration with Nor-Shipping and YoungShip International, the Nor-Shipping…
Wallem Group, Inmarsat Sign Fleet Xpress Deal
Inmarsat has reached an agreement with Wallem Group, one of the largest and ship management companies in the industry, establishing the phase-in of Fleet Xpress as its favored connectivity choice for ships at sea. Already contracted for over 10,000 vessels since it was launched just over one year ago with a rapidly increasing share of the VSAT market, Fleet Xpress delivers high-speed broadband to the maritime market through a unique combination of Ka-band backed up by the mobility and reliability of FleetBroadband using Inmarsat’s L-band capabilities.
Adam Joins BMT Board
Design, engineering and risk management consultancy BMT Group Ltd informs that Richard Adam has joined its board as a nonexecutive director. Qualifying as a chartered accountant in 1982, Adam has a wealth of financial acumen, M&A and international business experience, having served as finance director of private and listed businesses for nearly 30 years. From 2007 until retiring in 2016 he was group finance director of Carillion plc and previously, he held the same role at Associated British Ports Holdings plc for seven years.
Tsuneishi Says Built 45 Ships Last Year
Japan's Tsuneishi Holdings Corporation said that its shipbuilding business output was nearly flat with the construction of 45 ships in the fiscal year ending December 2016. However, ship orders declined markedly due to the impact of last-minute orders before environmental regulations went into effect in 2015. "Our shipping business, affected by the dry bulk market downturn, recorded sales of 26.9 billion yen, a YOY decline of 5.7 billion yen (-17%)," says a company statement.
Hapag-Lloyd Stakeholders Okay Capital Increase
Hapag-Lloyd shareholders approved all items on the agenda at today’s Annual General Meeting. In particular, the shareholders approved the creation of new authorised share capital. This is to be used for a planned capital increase of USD 400 million, which is scheduled to take place within six month after the closing of the merger with the Arabian liner shipping company UASC. The closing took place on May 24. Some of the anchor shareholders have committed to backstop the cash capital increase in the amount of USD 400 million.
Clark Joins North Carolina Ports as COO
North Carolina Ports has named Brian E. Clark as its new Chief Operating Officer, responsible for directing and coordinating the activities of the line and staff components of all terminal operations. He will also oversee the execution of the infrastructure investment plan and contribute to the development of business strategy and indirectly assist in the expansion of the ports’ global customer base. Clark has over 20 years of expertise in the maritime industry having worked in senior positions on the operations side with industry leaders.
Port of Hamburg Volumes Up 1.7% in Q1
In the first quarter of 2017, the Port of Hamburg’s total throughput was up by 1.7 percent at 35.4 million tons. Growth in Germany’s largest universal port was therefore slightly above the average 1.6 percent for the other major North Range ports of Rotterdam, Antwerp and Bremen/Bremerhaven. Contributing to the Hamburg total, bulk cargo throughput was 6.7 percent higher at 12.2 million tons, and general cargo handling at 23.1 million tons, just 0.7 percent lower. In the former segment…
XL Catlin Names McAdams Chief Underwriting Officer, Global Marine
XL Catlin has announced the promotion of Rob McAdams to the position of Chief Underwriting Officer for Global Marine with immediate effect. Previously, McAdams held the role of UK/ Ireland Marine Leader. McAdams has 20 years’ experience in the insurance industry. Prior to joining legacy XL he held positions at Reliance National in New York. He is an Associate of the Chartered Insurance Institute, and a Chartered Property & Casualty Underwriter.
Acquisitions to Yield Better Results for Hoegh LNG
Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017. The results of the Höegh Grace contributed to the Partnership's earnings for the full first quarter of 2017, says the company. Having closed the acquisition of 51% of the Höegh Grace at the beginning of the quarter, the Partnership has expanded and diversified its fleet to five FSRUs and added Colombia to the growing list of markets utilizing floating storage and regasification units to participate in the global LNG trade.
NorSea, Kongsberg Establish Digital Collaboration
A new company set up by NorSea Group to simplify logistics through digital technology, NSG Digital, has established a collaborative agreement with the Kongsberg Group. The two are now moving the development and deployment of their new product, NSG E2E, to Kongsberg’s application platform Kognifai. With its new product, NSG Digital aims to simplify and enhance visibility and information sharing in supply chains. Through digital collaboration NSG E2E (End-to-End) will make cargo logistics more efficient and transparent.
Glencore Seeks to Grow via Acquisitions
Mining and commodities trading group Glencore Plc would prefer to grow its business through acquisitions rather than greenfield investment, its chief executive said on Wednesday. Addressing an annual general meeting in Cham, Switzerland, CEO Ivan Glasenberg also said there was "no reason to go into any new commodities," adding he hoped the company's agricultural business "will get bigger in the future". Glencore said on Tuesday it had made an informal approach to U.S. grains trader Bunge Ltd to discuss "a possible consensual business combination." Bunge said it was not in talks with Glencore.
Hapag Lloyd Completes Merger with UASC
German shipping line Hapag Lloyd and Arab sector peer UASC have completed a delayed merger which creates the world's fifth-biggest shipping company. The German company said on Wednesday that the deal to combine the two businesses, announced in April 2016 and sealed in July last year, has closed and been listed in commercial registers as of May 24, including a capital increase of 45.9 million euros. Qatar Investment Authority, through Qatar Holding, now holds 14.4 percent of Hapag Lloyd…
Kenagy Named No. 2 Head at Port of Long Beach
The Long Beach Board of Harbor Commissioners has appointed Duane Kenagy as the Port of Long Beach’s deputy executive director. Kenagy most recently served as interim chief executive, overseeing the nation’s second-busiest seaport during the search that ended in naming Mario Cordero as executive director. “Duane provided exceptional leadership during an important transition period at the Port of Long Beach,” said Harbor Commission president Lori Ann Guzmán. “It was exactly what the board was hoping for, and this appointment is a reflection of Duane’s value and service.
Vartdal Wins WISTA LeaderShip Award
Birgitte Ringstad Vartdal, CEO of Golden Ocean, has been awarded the WISTA LeaderShip Award 2017 by WISTA Norway as recognition of her contribution to the maritime industry, her competency and leadership skills within the traditionally male dominated role of CEO. The award will be presented at Nor-Shipping’s Waves of Change Conference on May 30. “Birgitte Ringstad Vartdal has lived up to WISTA’s core values, and contributed to the development of the maritime industry through her capacity as CEO in an extremely challenging market.
AEU’s Martone and LeVeque Appointed to LCA Board
The American Equity Underwriters, Inc., a provider of workers’ compensation insurance for maritime employers, announced that two employees – John A. “Jack” Martone and Ryan LeVeque – have been named to the board of directors of the Longshore Claims Association, a nonprofit organization of claims professionals serving the shipping industry and longshore and stevedoring communities. Martone, senior vice president of AEU Advisory Services, previously served in various positions for 27 years with the U.S.
Gulf Bidders Emerge for UASC-linked Shipping Unit
Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to finalising the merger between UASC and German container shipping line Hapag Lloyd , sources close to the matter said. Last week, sources told Reuters that Hapag Lloyd was close to completing the 7-8 billion-euro merger after UASC shareholders agreed terms to repay outstanding debt. A sale of United Arab Chemical Carriers (UACC) - in which UASC holds the biggest stake - is also part of the terms of the Hapag Lloyd merger deal.
OSC Launches VLCC Chartering Business
Oman Shipping Company (OSC) has officially set up a new commercial chartering desk offering its Very Large Crude Carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide. OSC, one of the biggest ship owners in the MENA region, has a diversified and young fleet of 50 vessels. OSC owns 16 VLCCs within the fleet out of which OSC is now commercially managing 15 VLCCs through its subsidiary Oman Charter Company (OCC). The move follows an announcement in December 2016 which saw OSC withdrawing 15 VLCCs from the VL8 pool based in Singapore.
Mercy Ships President Receives Honorary Doctorate
Honored for his nearly 40 years of service after founding a global charity which operates the world’s largest private hospital ship, Mercy Ships founder and president Don Stephens received an honorary Doctor of Divinity degree at Gordon College Saturday at the institution’s commencement ceremony. Stephens, who also delivered the baccalaureate address to the Class of 2017 graduates on Friday, was recognized by Gordon College for his longstanding service and the profound impact of Mercy Ships around the world…
CMA CGM Expands India/Middle East/Africa Service
Shipping group CMA CGM will launch on May 23, 2017 a second Midas service connecting India, the Indian Ocean, the Middle East and Southern and Western Africa. Betting on the economic dynamism of both India and the countries of Africa, CMA CGM Group said it intends to benefit from the economic growth of the two regions. Midas 1 will service West Africa Range South and Center from India and the Middle East. Two calls in South Africa have been inserted on the way back in order to offer our Reefer customers among the fastest transit times to the Middle East.
Shipbuilders Council Names McCreary Chairman
Shipbuilders Council of America names Richard McCreary as new chairman; honors Sen. Cochran and Rep. At its annual spring meeting in Washington, D.C. this week, the Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipyard industry, named Richard McCreary of BAE Systems as the new chairman of the association. Additionally, SCA honored Sen. Thad Cochran (R-Miss.) and Rep. Duncan Hunter (R-Calif.) as recipients of its Maritime Leadership Award, recognizing the two for their demonstrated dedication and support of the U.S.
Jinhui Shipping Sees Bumpy Road to Recovery
Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market. The road to recovery will be challenging and the market will remain volatile, vice president Raymond Ching told the Q1 conference call on Monday. "To be honest it's very hard to pin down what will happen, this industry has been characterized by high volatility," Ching said. Q1 net loss $8 mln includes a non-cash impairment on disposed vessels of $6 million vs net loss of $18 mln in Q1 2016. Q1 average daily timecharter $5,925 per vessel vs $2,934 in Q1 2016.
Gulf Navigation Sails to Profit
Dubai-based shipping company Gulf Navigation Holding has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016. The result came at a stage while the company is witnessing a significant improvement in its performance, successful settlement of legal cases and entering into various global partnerships to strengthen its competitive position in the marine sector. According to GULFNAV’s financial report, its net profit reached…
Columbia Shipmanagement Receives DNV GL Certification
DNV GL has confirmed that Columbia Shipmanagement complies with the highest standards in energy and safety management. Torsten Schramm, President at DNV GL – Maritime, recently presented the ISO certification for the standards ISO 50001:2011 and OHSAS 18001:2007 to Carsten Sommerhage, Director of Columbia Shipmanagement (Deutschland) GmbH, at the shipping company’s offices in Hamburg. “These certifications highlight our efforts to perform a systematic energy management as well as maintaining the highest levels of health and safety through our company.
CMA CGM Posts Higher Q1 Profits
Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump. The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which it consolidated in June last year, of $86 million compared with a $100 million loss in the same period of 2016. This was also above the…
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be joining the team.
Hapag-UASC Tie-up Nears Completion
German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. The deal to create the world's fifth-biggest shipping company, valued at about 7 billion to 8 billion euros ($7.8-$8.9 billion), had been scheduled to complete at the end of last year. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route.
MXB Begins Physical Operations in Mumbai
Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies. The company will provide physical products at Mumbai’s Outer Port Limits (OPL), servicing vessels that are waiting to berth, as well as vessels making bunker-only-calls.
WSS to Trial Drone Deliveries to Ships
Marking a shift in how ship agents can support customers, Wilhelmsen Ships Service (WSS) said it will soon begin delivering its agency essentials via drone. A much talked about technology, with obvious applications for the shipping industry, it is WSS’ships agency team, rather than the company’s supply chain, or product divisions, which have been assessing the business opportunities offered by drones. Dispensing with the need for launch boats to deliver such essentials to vessels at anchorage, along with cutting delivery times, Johansen estimates drone flights will also slash costs.
New Bunker Supplier Eyes Houston/Galveston Market
GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post 2020 bunker fuels to be produced in Texas. The Company has secured working capital funding from a Texas-based private equity group and has entered into agreements for physical marine fuels storage at Texas International Terminals in Galveston, beginning July, 2017.
UNCTAD Signs MOU with MarineTraffic
Global ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development (UNCTAD) have signed a Memorandum of Understanding. Under the agreement, UNCTAD and MarineTraffic will be sharing information and data that will enable both organizations to enhance their services and allow for more accurate analysis of global trade and shipping trends. Geneva headquartered UNCTAD plays an important role in integrating developing countries into the world economy, with maritime related research, policy analysis and data collection an integral part of this process.