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Thursday, September 20, 2018

(Image: C-Job Naval Architects)

C-Job Researching Ammonia as Marine Fuel

C-Job Naval Architects based in the Netherlands announced it has joined the Ammonia Energy Association, strengthening its commitment to research ammonia as a renewable fuel for the maritime industry.With the International Maritime Organization announcing its plans to reduce and eventually fully eliminate ship emissions, it is of the utmost importance that the global maritime industry looks into renewable fuels. C-Job said it has identified Hydrogen Based Renewables (HBR) as the best solution and sees ammonia (NH3) as a high potential.Niels de Vries…

Photo: Almarin

Panamá Maritime Authority Improves Navigation Safety

Panamá Maritime Authority has installed three new sector lights and towers to improve the navigation safety of ships coming into Bays of Manzanillo and Las Minas on Panama’s Atlantic coast. The beacons, specifically constructed as marine aids to navigation, consist of a sector light on a 40-meter tower in Manzanillo and two sector lights on 15-meter and 35-meter towers in Las Minas. Two of the towers were installed on land and one of them on a piled structure over water. The tender issued by Panamá Maritime Authority was awarded to Delta 9…

Damian O’Toole (Photo: MJP)

O’Toole Joins MJP as Business Development VP

Marine Jet Power (MJP) announced Damian O’Toole has joined its business development team as Executive Vice President of Sales, Marketing and Aftersales Service Solutions. Effective immediately, he will be responsible for business development and strategic growth initiatives worldwide.O’Toole brings to the role more than 15 years of executive business management experience, having most recently served as a Director of Wärtsilä Seals & Bearings. He has a strong academic background…

Photo: NIMASA

ICPC Advocates Joint Vessel Inspection

The Acting Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Usman Abubakar has stressed the need for all government agencies in the maritime sector to carry out joint inspection of vessels at the ports in order to fully actualize the Ease of Doing Business initiative of the Federal Government.Dr. Abubakar who made this known when he led a joint team from the Nigerian Shippers Council (NSC) and the Commission on a courtesy visit…

(Photo: Odfjell)

Odfjell Finalizes Sale of Rotterdam Tank Terminal

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has finalized the sale of its tank terminal in Europe's largest port.The company announced in July that Odfjell Terminals entered into an agreement with Koole Terminals B.V. of the Netherlands to sell its 100 percent ownership of Odfjell Terminals Rotterdam in a move to help reduce debt. Odfjell said the sale has generated $100 million of cash proceeds.The terminal in the Port of Rotterdam has total storage capacity of 1,622,000 cbm in 270 tanks.

The Sunflower Kirishima goes into service. Photo: MOL

MOL Launches Sunflower Kirishima

Mitsui O.S.K. Lines (MOL) announced that the newly built large-scale ferry Sunflower Kirishima operated by its group company Ferry Sunflower was launched on September 15, and with many passengers aboard, departed the Nanko Sunflower Terminal in Osaka Prefecture for the Port of Shibushi, Kagoshima Prefecture.The new Sunflower Kirishima has room for 20% more trucks compared to the old Sunflower Kirishima.With its sister ferry, the Sunflower Satsuma, which was launched on May 15…

Image: Hapag-Lloyd

Hapag-Lloyd Launches Optimised Mobile App

Beginning immediately, all Hapag-Lloyd customers can make use of the advantages offered by the carrier’s optimised app, says a press release from the company.The app’s functionality has been expanded to include Quick Quotes and online booking. Quick Quotes makes the quotation process for container shipments faster, easier and more convenient – across the world and around the clock.In just a few seconds and no matter where they are, customers can request a binding offer and then…

Image: WISTA's official Twitter page

Portugal Joins WISTA International

The Women’s International Shipping & Trading Association (WISTA) has welcome Portugal to the global network of executive women in shipping.The launch of WISTA Portugal was announced today by Ana Paula Vitorino, Portugal’s Minister of the Sea at Portugal Shipping. WISTA Portugal joins 44 other National WISTA Associations (NWAs).“WISTA International has had a strong relationship with Portugal’s women in shipping,” said WISTA International President Despina Panayiotou Theodosiou. “We are proud to formally include Portugal in the WISTA family.

Richard Turner. Photo: IUMI

IUMI Appoints Richard Turner as President

Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI).In accordance with the Articles of Association, IUMI’s Council formally elected Richard at their annual meeting which was held today, the final day of the IUMI annual conference in Cape Town. Richard, who has been closely associated with the global marine insurance market for 35 years, will serve a four-year term as…

San Pedro Bay Ports Ready Cleaner Truck Rules

New trucks entering service at the Port of Long Beach and the Port of Los Angeles as of October 1, 2018, must be model year 2014 or newer, as the San Pedro Bay ports move forward with efforts to improve air quality and reduce the health impacts of air pollution.As part of the Clean Trucks Program, all trucks going into marine terminals in the two ports must be on the Port Drayage Truck Registry (PDTR). The new requirement applies only to trucks registering in the PDTR for the first time. Trucks that are already registered as of Sept.

(Photo: Eric Haun)

Maersk to Merge Damco, Ocean Product Units

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…

Photo courtesy of MAC

Key Appointments at MAC

Maritime Assurance & Consulting (MAC), a Bureau Veritas Group company, has announced four new appointments to strengthen its offering and add further expertise to the business.In the wake of MAC recording its highest ever number of offshore man/days in its first half of the year and the second half of 2018 looking to match this trend, the company has enhanced its engineering team by welcoming Sigurd Vermundundsen as Master Mariner, John Stockdale as Marine Manager and Oguz Oktay, as Principal Naval Architect.

Frank Coles joins Wallem Group as CEO at the end of October 2018.

Coles joins Wallem as CEO

Following the purchase of Transas by Wärtsilä, Transas' ubiquitous CEO Frank Coles will depart the newly merged company, finding a spot on top as the CEO of Wallem Group. Coles offers a diverse background and long career in maritime, spanning law, shipping services and maritime communications.Coles replaces Simon Doughty, who announced his decision to step down earlier this year.“The opportunity to lead and help grow a prestigious and diversified company like Wallem was something I could not pass up," said Coles in a statement.

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer Signs 50-year Lease for Port of Wilmington

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to $600 million in the port to upgrade and expand the terminal and to turn…

File Photo: Diana Shipping Inc

Diana Shipping Issues USD100mln Bond

Diana Shipping announced the pricing of a US$100 million private placement of senior unsecured bonds maturing in September 2023 and callable beginning three years after issuance.In addition, the global shipping company specializing in the ownership of dry bulk vessels may issue up to an additional US$25 million of the bonds on one or more occasions.The bond offering was priced with a U.S. dollar fixed-rate coupon of 9.50%. Interest will be payable semi-annually in arrears in March and September of each year.

Dan-Bunkering DMCC Welcomes Three New Bunker Traders

Dan-Bunkering said it has hired three new Bunker Traders in its Dubai office.Benedek Nagy was born and raised in Hungary, however, at the age of 18 he moved to Denmark to study International Shipping and Trade as well as gain experience within the shipping industry.Fabio Rossetti grew up in Denmark and holds a graduate diploma in Managerial Economics and Innovation Management from Copenhagen Business School.Nemish Jose is of Indian descent. He is an MBA Port & Shipping Management graduate from Indian Maritime University and speaks English, Hindi, Malayalam, and Tamil.

Linda Seroka (Photo: TNPA)

TNPA Appoints Business Development Officer

Transnet National Ports Authority (TNPA) has appointed Linda Seroka as its Business Development Officer, effective September 18.Seroka’s role will be to explore and unlock growth opportunities for TNPA and its clients in the fields of commercial and marketing, strategy, property and facilities management.An experienced professional with more than 17 years of practice in developing and executing strategies to grow businesses, Seroka most recently served as an Associate Director at Deloitte Consulting…

Photo: DP World

DP World to Issue $3.3 bln of Multi-Currency Bonds

Dubai port operator DP World is to issue more than $3.3 billion in bonds divided across different currencies and formats, according to bank documents seen by Reuters.The company will issue $1 billion in 10-year sukuk, or Islamic bonds, offering 175 basis points over mid-swaps. It is also selling $1 billion in 30-year conventional bonds, with a yield set at 5.7 percent.In addition to the dollar-denominated deals, the Dubai logistics company is selling a 750 million euro ($878 million)eight-year bond and a 350 million pound ($461 million) bond with a 12-year maturity.

(Photo: DP World)

DP World Markets Eight-year Euro-denominated Bond

Dubai's port operator DP World has started marketing an eight-year euro-denominated bond, a document by one of the banks leading the deal showed.The transaction would add to the expected issue of 10-year sukuk, or Islamic bonds, and 30-year conventional notes that the company started marketing to investors earlier on Tuesday.DP World, rated Baa1 by Moody’s and BBB+ by Fitch, has given initial price guidance of around 185 basis points over mid-swaps for the euro-denominated notes, the document showed.Barclays, Citi, HSBC, and Societe Generale are arranging the deal, which is expected to price l

“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM Offshore.

BSM Launches a Offshore Division

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM…

(Photo: Crowley)

Crowley Opens Retail Shipping Center in Miami

Crowley LOGISTICS has opened a new walk-up retail shipping service center in South Florida to better serve consumers shipping small parcel and retail cargo to Puerto Rico, the Caribbean and Central America.The new space is devoted to less-than-container load (LCL) shipments and is housed within the company’s expanded Medley warehouse in Miami. Catering to non-commercial shippers, the retail center is staffed with service-oriented team members who will guide consumers through the packing…

Image by Besix

Besix completes construction of Bahrain LNG Import Terminal

Brussels-headquartered contracting giant Besix has completed the design and construction of Bahrain Liquefied Natural Gas (LNG) Import Terminal in Muharraq Island.The Bahrain LNG Import Terminal forms a vital part of the energy infrastructure of Bahrain as it provides the country with a secure supply of liquified natural gas to meet the country’s growth in demand for natural gas in order to fuel large industrial projects, to generate power and water, and for enhanced oil recovery.The…

Praful Waghela. Photo: APM Terminals

APM Terminals to Focus on VGM Accuracy

Two years since the introduction of Verified Gross Mass (VGM) regulations, the industry appears to have achieved compliance but, “the accuracy of recorded weights still needs attention,” said a press release from APM Terminals.According to Praful Waghela, Global Product Manager VGM Services at APM Terminals, an additional validation step prior to final loading could help.Since July 2016, the verification of a container’s weight (VGM) has been a requirement under the International…

Image: GC Rieber Shipping

GC Rieber Shipping CEO Christian Wilhelm Berg Resigns

Norwegian shipping company GC Rieber Shipping said that Christian Wilhelm Berg resigned the position as CEO with effect from 14 September 2018 in order to pursue other opportunities through his wholly owned company, Bech Offshore.Bech Offshore was set up in 2017 with the concept to initiate investment opportunities related to distressed assets within the Offshore Support Segment. Further, the company offered third party owners Commercial Management, Consultancy Services and in…

Photo: Mitsui O.S.K. Lines, Ltd.

MOL Magsaysay Maritime Academy Opened

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that an inauguration ceremony for MOL Magsaysay Maritime Academy (MMMA), jointly operated by MOL and Magsaysay Maritime Corporation (MMC), was held on September 12 in Salitran, Dasmariña City, the Philippines.Around 700 people attended the event, including Senator Grace Poe, Secretary of the Department of Transportation Arthur Tugade, H.E. Koji Haneda, Japanese Ambassador-designate to the Republic of the Philippines, President and CEO Doris Teresa Magsaysay-Ho of A.

Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. Photo: ATCO Ltd.

ATCO Buys 40% Stake in South American Port

Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This acquisition represents an important milestone in the execution of ATCO’s long-term strategy to diversify…

Photo by CMA CGM

CMA CGM Celebrates 40 Years of Entrepreneurialship

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.

Photo: Rajant Corporation

BT Delivers Wireless Solution for DP World Antwerp

BT has announced the completion of an innovative, secure and resilient wireless backbone network on behalf of DP World Antwerp for its Antwerp Gateway in Belgium, one of Europe’s busiest container terminals.The solution is a vital part of DP World’s digital transformation of the terminal, which handles 2.5 million containers every year, 3,000 trucks every day and almost 950 ships annually.It is designed to provide secure and resilient connectivity for not only the 900 people working at Antwerp Gateway but also the growing demands of connected devices.

Image: Novatek

Novatek, Rosatom Plan LNG-Powered Icebreaker Fleet

Russia’s natural gas producer and the operator of the giant Yamal LNG export project Novatek, has signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture (JV).The JV plans to establish a long-term partnership to jointly develop, finance and implement a project to create a liquefied natural gas (LNG)-fuelled icebreaker fleet.

Top (left to right): Jeremy Troughton, General Manager - Marine Leisure & Events, GAC UK and Wynne Raymond, General Manager - Shipping, GAC UK; bottom (left to right): Adrian Henry, General Manager - Oil, Gas & Renewables, GAC UK and Mark Horton, General Manager - Freight Services, GAC UK (Photos: GAC)

GAC UK Announces New Senior Management

Shipping, logistics and marine services provider GAC UK has appointed four General Managers to strengthen its core services and commercial focus.“Each of the General Managers brings a wealth of experience to their respective role,” said Herman Jorgensen, Managing Director of GAC UK. “The new structure evidences our commitment to providing the best possible products and service to the Oil, Gas and Renewables, Shipping, Freight, Marine Leisure and Events sectors we serve and heralds in an exciting new era for GAC UK.”Jeremy Troughton…

John R. Ballard, Ph.D., is the new Academic Dean and Provost of the U.S. Merchant Marine Academy (Photo: USMMA)

USMMA Names Academic Dean and Provost

The U.S. Merchant Marine Academy at Kings Point (USMMA) announced today that John R. Ballard, Ph.D., has been named the new Academic Dean and Provost at the federal service academy. In this position, Dr. Ballard will serve as the chief academic officer and principal advisor to the Superintendent in all matters relating to the academic program and faculty. He will also co-chair the educational priority working group for the recently released USMMA strategic plan.Dr. Ballard served as a Marine Infantry officer immediately following graduation from the U.S. Naval Academy.

James Holmes, CIO. Photo: North of England P&I Club

North P&I Club Gets Cyber Accreditation

North of England Protecting and Indemnity Association (North P&I Club) has been awarded the government-backed Cyber Essentials Plus accreditation, which is awarded to companies who have successfully implemented systems to protect themselves against common cyber threats.With constant technical innovation, new dangers are frequently coming to the surface, therefore the Cyber Essentials scheme is designed to improve the resilience of UK businesses to the most common cyber security…

Photo: Logimatic

Logimatic Brings in People with Autism to Test Software

Logimatic has just entered into an agreement with Special Minds regarding software testing. The IT-consultants at Special Minds all have an autism profile which is perfect for testing software, as they have zero tolerance for mistakes.The shortage of IT competences is widely known. According to statistics from IT-Branchen’s IT-Barometer 2018, 2 out of 3 companies are considering the shortage of IT competences as the largest barrier to growth. However, for Logimatic the help has turned out to be very near, as the IT consultancy Special Minds has offices right next to Logimatic.Lars F.

(Photo: DFDS)

DFDS: New Intermodal Link Between Sweden and Turkey

Denmark-headquartered shipping company DFDS is offering a new connection between Sweden and Turkey following its recent acquisition of Turkish company UN Ro-Ro.Through the Sweden – Turkey intermodal connection now in effect, the carrier offers connections from Gothenburg in Sweden to Trieste in Italy, Patras in Greece and Pendik, Ambarli and Mersin in Turkey.By connecting the existing DFDS network in northern Europe with the new routes in southern Europe and the Mediterranean Sea, DFDS is capable of offering transportation of cargo from North to South and back.

Echo Elects Henkels to Its Board of Directors

Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has announced that Virginia “Ginnie” Henkels was named to the company's Board of Directors, effective Monday, September 10.Henkels served as Executive Vice President, Chief Financial Officer, and Treasurer of Swift Transportation Company, a $4 billion North American truckload carrier, from 2008 to 2017. There she held various accounting and finance leadership positions starting in 2004.

INTTRA Expands Its Carrier Network

INTTRA, neutral network, software and information provider at the center of the ocean shipping industry, announced availability of Antillean Marine on its carrier network, highlighting the increased adoption of INTTRA by regional carriers.INTTRA announced Antillean joined its network in March and today is announcing that the carrier completed integration and is now available for transactions.With offices in Miami, Haiti and the Dominican Republic, Antillean Marine provides service from Miami to Hispaniola…

Photo courtesy of Transnet

Transnet Due to Commence DCT Berth Deepening Project

Transnet’s forthcoming project to create deeper berths at Durban Container Terminal (DCT): Pier 2’s North Quay will enable the Port of Durban to accommodate newer generation container vessels by 2023.Addressing stakeholders at a business breakfast in Durban on Tuesday, representatives of Transnet National Ports Authority (TNPA), Transnet Port Terminals (TPT) and Transnet Group Capital (TGC) provided a project update to stakeholders ahead of anticipated site establishment by end…

Image: Klaveness Combination Carriers

Klaveness Combination Carriers Seeks Fund for CLEANBU Vessels

Norwegian shipping company Klaveness Combination Carriers AS holds several attractive growth options and is now launching a contemplated private placement of shares with total gross proceeds of approximately USD 45-70 million.The owner and operator of modern combination carriers said that current investors, management and previous CABU investors will subscribe for USD 25 million.Klaveness Combination Carriers AS (KCC), with its nine CABU vessels in operation and five CLEANBU vessels on order, is the leading owner and operator of modern combination carriers.

Photo: Damen Shipyards Group

Damen Shipyards Galati Opens Historical Exhibition

Damen Shipyards Galati has opened an exhibition in the Lower Danube University in the Romanian city of Galati, displaying an extensive collection of historical maritime memorabilia.The exhibition is part of the yard’s 125 year anniversary celebrations that began with the annual Shipbuilder’s Day festivities on 15 August.The exhibition opened on 1 September with a ceremony attended by numerous invited guests including Damen Shipyards Group Board President Jason Bronscheer and the mayor of the city of Galati…

Photo: SCPA

SC Ports Achieves Record Box Volume

South Carolina Ports Authority announced the highest monthly container volume in its history, with 206,541 twenty-foot equivalent container units (TEUs) handled in August.August container traffic surpassed the Port’s previous record of 201,163 TEUs achieved in June and marked a 16 percent jump from 177,728 TEUs handled in August 2017. SCPA’s fiscal year container volumes are up 13 percent compared to the same period last year, with 407,135 TEUs moved since July 1.August was also the highest month in SCPA history for pier container volume, or total boxes moved.

Juan Kuryla (Photo: Florida Ports Council)

PortMiami's Kuryla Elected Chairman of the Florida Ports Council

At the Florida Ports Council Annual Board Meeting last week in St. Petersburg, PortMiami Director and CEO Juan Kuryla was elected chairman.Kuryla replaces Port Everglades Chief Executive/Port Director Steve Cernak. Port of Palm Beach Executive Director Manuel Almira was elected as vice chairman and Port Panama City Executive Director Wayne Stubbs was elected secretary/treasurer. All positions serve one-year terms.The Florida Ports Council is the professional association of Florida’s 14 public seaports…

Photo: Hanseaticsoft

Hanseaticsoft Unveils New Crewing Module

Cloud-based maritime management software provider Hanseaticsoft GmbH has launched its updated and enhanced crewing module, Cloud Crewing 2.0 to help shipping companies better manage their crews across multiple ships.The software is available within Cloud Fleet Manager (CFM), the company’s web-based platform, which allows information to be centralized, processed and accessed in real time using apps and mobile devices. The crewing module helps optimize crewing processes, including the interaction…

(Photo: DP World)

DP World Plans 10-year Dollar Sukuk, 30-year Conventional Bond Sale

DP World, the Dubai logistics group and one of the world's biggest port operators, will meet fixed income investors ahead of a planned 10-year benchmark dollar sukuk offering, a document issued by one of the banks arranging the potential issue showed on Monday.The company has hired Barclays, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Société Générale and Standard Chartered Bank as joint bookrunners for the planned sukuk, or Islamic bond.

Photo:GAC

Essberger Tankers Sign Deal with GAC

Chemical tanker operator Essberger Tankers has signed a ship agency deal with GAC throughout Scandinavia. Under the agreement, GAC will handle an estimated 600-800 port calls a year for Essberger’s fleet of vessels carrying a wide range of high-grade chemicals.The deal comes after more than 20 years of GAC managing Essberger’s port calls in Finland. The shipping and logistics service provider’s ability to deliver the same level of support from its expanding network of offices in Sweden…

Tom Vecchiolla was named the new President & CEO of VT Systems.

Vecchiolla Takes the Helm at VT Systems

ST Engineering announced the appointment of Tom Vecchiolla as President & CEO (Designate) of its US Headquarters, VT Systems. He will take over as President & CEO from General (Ret.) John Coburn on 1 December 2018, who will relinquish his CEO position but remain as non-executive Chairman of VT Systems.Gen. Coburn has been at the helm VT Systems for 17 years since it was set up in 2001 to support the Group’s overseas expansion. Today, the US is the Group’s single largest market outside of Singapore…

Photo: Port of Long Beach

Port of Long Beach Sees Cargo Dip

Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before.A total of 679,543 twenty-foot equivalent units (TEUs) were moved through the Port. Imports declined 3.6 percent to 343,029 TEUs. Exports increased, inching up 1.9 percent to 119,546 TEUs. Empty containers sent overseas dipped 1.1 percent to 216,968 TEUs.August 2017 was one of the busiest months in the Port of Long Beach’s 107-year history. At the time, it was the third-busiest month ever…

Photo: Port of Hamburg

CMA CGM Margin Hit in Q2

French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. "Volume growth and positive net income in a market environment affected by rising fuel costs," said a press statement from the company.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented on the results:"Over the second quarter CMA CGM has recorded a core EBIT margin close to the first quarter as well as a positive net income in spite of a sharp increase in fuel prices.

Image by GoodBulk

GoodBulk Gets New Credit Facility to Fund Vessel Acquisition

The bulk investment company focusing on vessels in the second hand market GoodBulk entered into a new credit facility with ING Bank for up to $73.0 million. This facility has an initial term of five years, profile of sixteen years.GoodBulk took delivery of the M/V Aquasalwador, a 2012 built Capesize vessel of 180,012 dwt built by Daehan, KR o 4 September 2018.The Company entered into an agreement to purchase the vessel on 27 July 2018 for consideration of $34.7 million which was financed by a combination of cash on hand and $24.5 million of availability under the ING Bank credit facility.

Image: Pacific Drilling

Pacific Drilling to Raise USD700mln for Restructuring

Pacific Drilling  announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured first lien notes that mature five years following their issuance, subject to market conditions.The notes are being offered in connection with the restructuring of Pacific Drilling as part of the First Amended Joint Plan of Reorganization filed with the U.S. Bankruptcy Court for the Southern District of New York on August 31…

Photo: Duluth Seaway Port Authority

Port of Duluth-Superior Generates $1.4 bln and 8,000 Jobs

The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy. Cargo movement and vessel activity at the port also generated a total of nearly $240 million in federal/state tax revenues.The full report for the Port of Duluth-Superior, released by the Duluth Seaway Port Authority, spotlights…

Photo: Maritime UK

Women in Maritime Charter to be launched next week

The Task force behind efforts to address the lack of gender diversity in the U.K. maritime sector is to launch a new Charter next week.The Charter creates a framework to challenge companies to make progress on diversity, and will be supported by a suite of ‘toolkits’ or resources to help companies realize those targets.Events to formally launch the Charter will be held in London, Liverpool and Southampton across Maritime UK Week, which starts on September 10.Companies joining the Women in Maritime Charter will be required to agree an ‘action plan’…

Photo: Port of Hamburg / © Liepaja City Council

Latvia’s Economy Growing via German Ports Too

Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households. Goods flows in the Baltic States move not least of all via the Ports of Lübeck and Hamburg. Just how closely the German economy is linked to this Baltic state was showcased at an event in Liepaja, Latvia initiated by Port of Hamburg Marketing jointly with the Ports of Lübeck and Liepaja…

Morten Mosegaard Christensen. Photo: Maersk Tankers

Morten Mosegaard Christensen New CFO for Maersk Tankers

Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Danske Bank, including Head of Group Finance and Head of Group Financial Management.He has long experience in finance in areas such as performance management, tax, cost control, accounting, business intelligence and capital management. He has also worked in strategy and business development at a senior management level.

Image: Oceanic Systems (UK) Ltd

Oceanic Systems Switch Suits More Engine Manufacturers

Oceanic Systems (UK) Ltd has just increased the menu of engine manufacturers which can be selected to present on the company’s sleek single-screen Multiple Engine Displays, claimed a press release from the company.It said that these provide a selection of up to 16 inboard and 16 outboard engine manufacturers, an increased capacity which now doubles the choice of engines and provides boat builders with much greater flexibility.Oceanic Systems’ 4161 Multiple Engine Display and the…

Photo: Port of Antwerp

Antwerp Port: Brexit Ready

The UK is the third-largest maritime trading partner for the port of Antwerp. In order to be fully prepared for Brexit the Port Authority is taking various initiatives including the appointment of a new representative for the UK and Ireland. Justin Atkin has assumed this role as of 1 September 2018.With an annual freight volume of around 15 million tonnes the UK is the port of Antwerp's largest maritime trading partner after the USA and Russia. Antwerp is also ideally situated as an investment location close to the European centres of decision-making…

Image: MOL

MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations

Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.

© bfphoto / Adobe Stock

Iridium’s Maritime Business Continues Momentum

Iridium Communications Inc. announced today that KDDI Corporation, Navarino and NSSLGlobal Ltd., are the newest Iridium Certus service providers for the maritime industry. Iridium Certus will offer a L-band satellite broadband connectivity solution.With higher speeds, state-of-the-art small form factor terminals and competitive pricing options, Iridium Certus will offer a complete communications platform for all mariners and can serve as a primary service or VSAT companion solution.

(Photo: Eric Haun)

CMA CGM Says It's Ready for More M&A Deals

France's CMA CGM, one of the world's largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said on Thursday."The shipping sector is consolidating further and if there are opportunities the CMA CGM group ... is able to be in the running for a new deal," Rodolphe Saade told Reuters on the sidelines of a ship launch ceremony at the northern French port of Le Havre.Regarding Hapag-Lloyd…

DNV GL presented Hapag-Lloyd with the “DNV GL Excellence Green Star” certificate in recognition of its compliance with the highest standards in ship recycling. The handover was attended by (L to R): Olaf Quas, Technical Service Manager DNV GL, Richard von Berlepsch, Managing Director Ship Management Hapag-Lloyd, Anthony J. Firmin, COO Hapag-Lloyd, Knut Ørbeck-Nilssen, CEO DNV GL – Maritime, Torgeir Sterri, Regional Manager West Europe DNV GL, Dirk Lange, Key Account Manager DNV GL. Photo: DNV GL

Hapag-Lloyd is 'Excellence Green Star' in Ship Recycling

Container shipping line Hapag-Lloyd is the first company to receive the “DNV GL Excellence Green Star” certificate in recognition of its compliance with the highest standards in ship recycling.Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, presented the certificate to Hapag-Lloyd COO Anthony J. Firmin at the SMM trade fair in Hamburg.“In 2007, Hapag-Lloyd was the world's first container shipping line to be certified with DNV GL’s ‘Excellence – 5 Stars’ award. We are very happy to continue this tradition,” said Firmin.

From L to R: Ms. Isabella Loh, Chairman of the Singapore Environment Council, Masagos Zulkifli, Minister for the Environment and Water Resources of Singapore,  Stephen Ng, Director of Trades of OOCL, Richard Loo, General Manager of CITIC Telecom International (SEA) Pte Ltd. Photo: Orient Overseas Container Line

OOCL Bags 2018 Singapore Environmental Achievement Award

Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or international companies and organizations with outstanding environmental performance in Asia, and this year, the regional scope has been expanded to welcome companies from Greater China, Japan, South Korea, and ASEAN countries to take part in the awards scheme.In the review and evaluation process…

Photo: Sea Machines

Sea Machines Moves to Larger, Waterfront Location in Germany

U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception technology in European markets ahead of an upcoming product release. The new location more than triples the space Sea Machines had previously and provides dockage for the company's test vessels. The space also accommodates the locally expanding team…

Mohamed El Ahwal (Photo: Transmar)

Transmar Eyes Growth from Adabiya Port

Egyptian container shipping line Transmar said it has leveraged the Port of Adabiya in an effort to strengthen its presence across Middle East and East African routes.With a growing interest in container services and a recovery in the Egyptian economy, Transmar sees the port as the focal point of its operations to service its UAE, Saudi Arabian and East African clients thanks to its location and facilities, which include a free zone area of about 62 feddans overlooking Suez bay coast. It is also the key port for palm oil imports into Egypt.

Hans Ottosen, CEO of Danelec Marine and Ronald Spithout, CEO of Inmarsat sign the agreement for Fleet Data at SMM 2018 (Photo: Danelec Marine)

Danelec Marine Aims to Accelerate IoT Revolution

The Internet of Things (IoT) Revolution is making inroads into the global shipping industry, and Danelec Marine plans to play a central role in accelerating that process by removing one of the major barriers to entry.“The critical element in any IoT system is the availability of timely, high-quality data through reliable low-cost connections from remotely located machines, equipment and systems,” explained Hans Ottosen, CEO of Danelec Marine. “That’s typically not a problem in land-based transportation modes, but is a tremendous hurdle for ships at sea.

Photo: CMA GCM

CMA CGM Launches New Reefer Tech

Shipping group CMA CGM has launched an advanced technology for the transportation of highly sensitive fruits and vegetables by active controlled atmosphere.CLIMACTIVE, unveiled at the 2018 edition of the Asia Fruit Logistica fair, is the latest and most advanced solution to maintain sensitive commodities’ freshness to destination, by faster reducing the level of oxygen inside the container equipped with DAIKIN Active CA.CLIMACTIVE is created for highly sensitive commodities that require special attention due to their biological specificities and maturation time.

SHI-built shuttle tanker for a North American shipowner. Photo: Samsung Heavy Industries

Samsung Heavy Industries Bags Shuttle Tanker Order from AET

South Korean shipbuilder Samsun Heavy Industries (SHI) revealed that it has won another 152,700 DWT suezmax-sized shuttle tanker from Singapore's AET.This is another order from the shipowner who ordered a quartet to SHI in May 2018. The price is not disclosed in detail but recorded a slight increase.SHI has been leading the shuttle tanker market since it built Korea's first shuttle tanker back in 1995. SHI including the latest order has won 59 out of 133 ordered globally, dominating the speacialized tanker market with 44% market share.SHI won all 14 shuttle tankers ordered in 2017 and 2018.

Photo: DNV GL

Huangpu-Wenchong Shipyard Builds 200th DNV GL Classified Ship

Huangpu-Wenchong Shipyard (HPWS) announced that a 2,750 TEU feeder container ship for China Navigation will be the 200th DNV GL classified ship.A press release said that the cooperation between DNV GL and HPWS dates back to 1996 and covers ship types from feeder vessels to larger container ships, to bulk carriers, offshore supply vessels, and many others.“The close relationship and comfortable communication between the two companies has enhanced HPWS’s position in shipbuilding.

Photo: Azerbaijan Caspian Shipping Company

Azerbaijani Vessels Completes Filanovsky Mission

The vessels of Azerbaijan Caspian Shipping Company (ACSC) have successfully completed their mission at the “Filanovski” oilfield  in the Russian sector of the Caspian Sea.A press statement from ACSC said that the towing vessel “Yarnega”, owned by Azerbaijan Caspian Shipping Company and lift vessel “Gurban Abbasov” expolited by Shipping Company in alliance with Caspian Marine Services (CMS) successfully completed their missions in “Filanovski” oil field in the Russian sector of the Caspian Sea…

Stephen Ng, Director of Trades of OOCL received the verification certificates from  Piet Mast , Senior Vice President, Regional Marine and Offshore Manager, South Asia, Middle East and Africa of Lloyd‘s Register. Photo: Orient Overseas Container Line

OOCL Expands GHG Reporting and Verification Scope

Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) said that it has been taking concrete, meaningful and progressive steps in our long-term commitment to protecting the environment and reducing emissions in the communities where it operates by meeting our Greenhouse Gas (GHG) verification targets spanning from Scopes 1 to 3.A press release from OOCL stated: "We are pleased to announce that our GHG Scope 3 reporting and verification…

Photo: DNV GL

DNV GL Rolls-out Digital Hub in Singapore

DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…

(Photo: Eric Haun)

Twill Realigns Under Maersk Brand

Digital freight forwarder Twill has switched its brand affiliation from Damco to Maersk. The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller – Maersk strategy to become a global integrator of container logistics offering end-to-end solutions.Launched in April 2017, Twill was created as a Damco innovation and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P.

Photo: V.Group

V.Group Shows ShipSure 2.0 at SMM

V.Group will be demonstrating its ShipSure 2.0 marine digital platform at the SMM maritime trade fair in Hamburg, September 4-7, 2018. Taking its cue from the principles of V.Group’s innovative ShipSure platform, a concept in delivering integrated data to the marine industry, ShipSure 2.0 is a continuously evolving digital solution which offers ship owners the ability to gain powerful insights from real-time asset data anywhere, via the user-friendly ShipSure 2.0 interface.Available on desktop and mobile devices…

Ronald Spithout, President, Inmarsat Maritime and Hans Ottosen, CEO, Danelec Marine signing the Fleet Data agreement (Photo: Inmarsat)

Inmarsat Unveils Fleet Data Service

Inmarsat has unveiled Fleet Data, a new Internet of Things (IoT) service, which will enable ship owners and managers to access and analyse real-time onboard data more efficiently, and as a result will help accelerate the adoption of IoT across the maritime industry.Developed in partnership with Danelec Marine, Fleet Data will record data from the onboard Voyage Data Recorder (VDR), and other vessel sensors, pre-process that data, and upload it to a central (cloud-based) database equipped with a dashboard and Application Process Interface (API).

(Photo; USMMA)

USMMA Class of 2022 Sworn into USNR

The U.S. Merchant Marine Academy (USMMA) at Kings Point welcomed the Class of 2022 into the U.S. Navy Reserve Saturday in a parade and ceremony at Tomb Field on the Academy grounds. The Class was sworn in on behalf of the U.S. Navy by Capt. Steven Urwiller, USMMA ‘94, the Director of Military Sealift Command’s Reserve Affairs and Military Manpower.The parade and ceremony marked the end of formal activities for Parents Weekend 2018, with eligible Plebes and Midshipmen heading off the Academy for liberty.

Steven Matthew (Photo: BIO-UV Group)

Matthew to Head BIO-UV Group's New Asia Office

BIO-UV Group, the France-headquartered manufacturer of the fully type-approved BIO-SEA ballast water management system, has appointed Steven Matthew to head up the company’s new sales office in Hong Kong.While Matthew’s focus initially will be on increasing sales of the UV-based BIO-SEA ballast water treatment system in China, Hong Kong, Taiwan, and Vietnam, BIO-UV Group ASIA, established on August 4, 2018, will target the Asia-Pacific market as a whole.With fewer components and welded parts…

Photo: SMM

SMM Launches with High-Profile Guest Speakers

At today’s opening press conference of the international maritime trade fair in Hamburg, political and business leaders discussed current challenges facing the shipping industry. The focus of the debate was on the 0.5 percent sulphur limit for ship fuels which will take effect on January 1,  2020, and the industry's goal to cut greenhouse gas emissions from global shipping in half by the year 2050. Roughly 2,300 exhibitors and the extensive conference program accompanying the trade fair will deliver answers to the industry's complex questions. Roughly 50,000 visitors are expected to attend.

StormGeo Acquires Nautisk

Weather intelligence and decision support services provider StormGeo has entered into an agreement to acquire Nautisk, a global supplier of maritime charts and publications to the merchant marine from NHST Media Group. The combination allows StormGeo to integrate routing and weather services with its charts and publications solutions.According to Per-Olof Schroeder, CEO of StormGeo, “The acquisition of Nautisk is a natural complement to our existing solutions to the global shipping industry.

Photo provided by Monjasa Group

Monjasa Acquires Tonnage for Northwest Europe Operations

Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership.In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub. In this setup, MT Fredericia plays a significant role and currently performs exclusive bunkering operations in the Portland…

Logo: Maersk

Twill Replaces Damco with Maersk

Twill, a digital freight forwarder designed to make shipping simple, has announced a change in its brand affiliation from Damco to Maersk.Launched in April 2017, Twill was created as a ‘Damco innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P. Moller - Maersk.The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller - Maersk strategy to become a…

Evergreen Group’s 50th anniversary celebration on September 01 commenced with a performance by the choir of the Yihsing branch of Jiahsing Elementary School, presenting best wishes with their sublime singing.  The choir is a gold medal winner at the 31st Franz Schubert Choir Competition in Vienna. Photo: Evergreen

Evergreen Group Celebrates 50th Anniversary

Evergreen Group celebrated its 50th Anniversary at the Chang Yung-Fa Foundation, home of the charity set-up by Evergreen Group Founder and Chairman Dr. Y.F. Chang, said a press release from the company.In addition to senior executives and employees of the Group’s businesses, the event was also attended by public officials, customers and business agents from both the shipping and airline industries as well as representatives of supply chain partners from more than fifty countries.The…

Walk of Cruise Ships in Kiel. Photo: Port of Kiel

Port of Kiel, Costa Cruises Clebrate 40 Years of Partnership

Germany's Port of Kiel says goodbye to the  Italian cruise shipping company Costa Crociere cruise vessel Costa Pacifica for this year’s season on Sunday (September 02).To mark the over 40 years of partnership between the shipping company, the city and the port, Hans-Werner Tovar, City President, Dr Dirk Claus, Managing Director Port of Kiel, Captain Paolo Viscafè and Dr Jörg Rudolph, General Manager Costa Germany, unveiled a bronze plate on Kiel’s Walk of Cruise Ships at the Ostseekai Terminal.City President Tovar: “With this plate on the Walk of Cruise Ships…

Photos: AIDA Cruises

AIDAnova Named at Meyer Werft

The world’s first  liquefied natural gas (LNG) cruise ship, AIDAnova, was christened on August 31 at Meyer Werft  shipyard in Papenburg.The spectacular naming ceremony took place at the completely sold-out AIDA Open Air at the Meyer Werft shipyard in Papenburg, attended by 25,000 spectators. The highlight of the evening was the biggest solo headline show by star DJ / producer David Guetta.“AIDAnova’s naming ceremony was a special event in a special place: We are delighted that we were able to stage the AIDA Open Air in Papenburg at the Meyer Werft shipyard…

Image: Panama Canal Administration

Panama Canal Modifies Reservation System

The Panama Canal will implement, from October 1, changes in the transit reservation system for the new neopanamax locks, which includes a restructuring of payment fees for the natural gas segment liquefied (LNG), in order to optimize the use of the interoceanic route.A press release from Panama Canal Administration (ACP) said that the modifications "are a positive step for the neopanamax locks", and take into account the lifting of certain rules of navigation to LNG ships, as well as the comments of customers.In order to maximize the benefits of these new navigation rules…

Xavier Beale. Photo: Huntington Ingalls Industries

Xavier Beale New VP at Newport News Shipbuilding

Huntington Ingalls Industries  announced  the promotion of Xavier Beale to vice president of trades at the company’s Newport News Shipbuilding division. He will succeed Ray Bagley, a master shipbuilder who retired in July after more than 43 years of service.In this role, Beale, who most recently served as director of human resources operations, will be responsible for production trades, trades management, trades administration and The Apprentice School. He will report directly to Matt Needy…

Photo: ENI Norge AS

Bristow Commences New Contract in Barents Sea

Bristow Norway AS is commencing a previously announced five-year contract today (September 1, 2018), from its Hammerfest base. Bristow will provide helicopter offshore crew change services and search and rescue (SAR) services to support Eni Norway and Equinor."We are very proud of the recognition we have received in securing this work in the Barents Sea," said Area Manager Norway Heidi Wulff Heimark. "This confirms that the work our employees do every day brings results. The contract…

Photo: ESL Shipping

Aspo's ESL Shipping Completes Acquisition of AtoB@C

ESL Shipping, a shipping company fully owned by Aspo has completed the transaction concerning the acquisition of all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB that offer shipping services.Total of 444,255 new Aspo's shares issued as part of the purchase price of the Transaction have been registered in the Finnish Trade Register today on 31 August 2018. After the registration of the new shares, the total number of shares in Aspo is 31,419,779.As announced earlier…

Johan Ehn. Photo: GAC Group

GAC Group Appoint Johan Ehn as MD for Sweden

The GAC Group has appointed industry veteran and current Chair of the Swedish Shipbrokers Association, Johan Ehn, as Managing Director of its operation in Sweden.Ehn started his career in shipping in 1989 when he joined Swedish Maritime AB, and subsequently gained logistics expertise as a partner in a freight forwarding business, before establishing his own company. He also served as Managing Director of Georg Hansen AB, and Head of Commercial with APL line in Gothenburg. In addition to his active role in the Swedish Shipbrokers Association…