Transocean Retires Six Floaters
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold stacked. The company will recognize an impairment charge of approximately $1.4 billion during the third quarter of 2017 associated with these actions.
Wiernicki Named Mass. Maritime’s Person of the Year
Christopher J. Wiernicki, Chairman, President and CEO of ABS, was recognized for his distinguished career of excellence, innovation and service to the maritime industries by the Massachusetts Maritime Academy (MMA) as this year’s recipient of the Maritime Person of the Year Award on September 21, 2017 in New York City. The honoree is presented with the Captain Emery Rice Medal and awarded annually to a civilian or military leader from around the globe. Named for an 1895 MMA graduate and World War I hero…
IMS Group Buys OceanSaver Assets
Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property, certificates and assets following its bankruptcy filed on September 13, 2017. OceanSaver had sold approximately 200 ballast water treatment systems and was among the first suppliers to be approved by IMO, to successfully complete the stringent test regime by the U.S. Coast Guard and to obtain a USCG type approval in December 2016.
Damen to Open Novorossiysk Service Hub
Damen Shipyards Group said it has signed a Letter of Intent (LOI) with Delo Group of companies, establishing plans to open a service hub in the Russian port of Novorossiysk. According to Damen, the new hub will aim to optimize the services provided to the growing number of Damen vessels operating in the region in addition to strengthening its relationship with the Delo Group. The LOI was signed by representatives from the two companies during the NEVA 2017 trade fair in Saint Petersburg, Russia.
Kalmar, MSC Pact for Container-Handling Equipment
Kalmar, part of Cargotec, is to continue its cooperation with Mediterranean Shipping Company (MSC) with a new order for container-handling equipment. The order, comprising five Kalmar reachstackers and two empty container handlers, was booked in Cargotec's 2017 third quarter intake. Delivery will commence in Q4 2017 and continue into Q2 2018. MSC, a world leader in global container shipping, has a network of over 480 offices in 155 countries and a fleet of 490 container vessels. As well as sea freight, the company offers integrated warehousing and haulage services.
The Maritime Cloud becomes Maritime Connectivity Platform
Maritime Connectivity Platform, or MCP, is the new name for what was previously known as the Maritime Cloud. The team behind the Maritime Cloud has decided to change the name of the communication framework. The new name, Maritime Connectivity Platform (MCP), has been chosen to provide clarity and support e-Navigation going from testbed to real life implementation. “MCP is at a level of maturity where we are ready to take it from our project spheres into operational mode. However…
Robert Clyne Gets Outstanding Professional Achievement Award
Robert (Bob) Clyne, ABS Senior Vice President, General Counsel and Corporate Secretary , was recognized with the Outstanding Professional Achievement Award for his distinguished accomplishments as a graduate who best exemplifies the finest tradition of Kings Point – Acta Non Verba – and lending honor and prestige to the United States Merchant Marine Academy. “Bob is most deserving of this recognition,” said ABS Chairman, President and Chief Executive Officer Christopher J. Wiernicki. Clyne began his career at ABS working in various positions from 1982 to 1988.
Turnbull Named Senior Advisor at Seabury Capital
Seabury Capital LLC has appointed David M. Turnbull as a Senior Advisor. Turnbull will serve to facilitate Seabury Capital’s expansion of its global product and advisory service offerings in specialty finance, investment banking, technology and software applications. Seabury Capital Chairman, President & CEO John E. Luth commented, “The addition of an experienced and well-respected industry expert such as David Turnbull will advance Seabury Capital’s efforts in serving our clients’ needs.
LGH Acquires JDN’s UK Hire Division
Lifting Gear Hire (LGH) has acquired the Aberdeen-based hire division of JD Neuhaus (JDN) Ltd., a manufacturer of hoists and crane systems for extreme environments. JDN, headquartered in Germany, will retain its other U.K. divisions, including sales and repair, and will remain an LGH supplier. The value of the transaction was not disclosed. The acquisition, which comes less than a year after LGH re-launched in the U.K. after a 10-year sabbatical, further enhances the company’s fleet of JDN products, principally air operated hoists.
Australian Navy: Getting On Board the Gap Year
The Australian Defence Force Gap Year – Navy is an opportunity for young Australians to experience military training, service and lifestyle through a year-long program, with no further obligations on the participant to continue to serve. The program allows people to experience Navy life as a ‘try before you buy’ scheme during which every opportunity is given to participants to apply for transfer to Permanent Navy workforce categories, subject to sustainability and vacancies. The…
Global BCOs Hit by Rising Contract Rates from Asia
Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club. Average contract rates on two major container trade routes - from Asia to North Europe and North America – have increased by another 4% between the second and the third quarter of this year. This means that the latest Drewry Benchmarking Club Contract Index has increased by 39% in the year to the third quarter, based on $2 billion of ocean freight spending.
Colonial Pipeline Allows Port Arthur Refiners to Ship Fuel after Harvey
Colonial Pipeline, the largest fuel system in the United States, said on Monday that Port Arthur, Texas refiners can use their own pumps as a temporary solution to get gasoline and other products into its main lines. Flow rates on Colonial's lines, which supply more than 3 million barrels a day of fuel to the populous U.S. east coast, have been sharply reduced after Hurricane Harvey caused massive floods and damaged supply points, including at Port Arthur. The Port Arthur facility connects directly to Total and Valero's refineries in Jefferson County, Texas.
TRAC Intermodal Unveils Two New Mobile Apps
TRAC Intermodal has introduced two new mobile applications that set out to improve and simplify customer access to emergency road service and online chassis booking: TRAC Interstar’s road service app, RoadStar, and TRAC Intermodal’s EZBook 2.0 app. The RoadStar app provides motor carriers with real-time visibility and tracking of their emergency road repair requests and provides seamless updates to all parties in the repair chain. Customers gain added confidence and peace of mind knowing that their repair requests have been received and quick actions have been taken…
Marcura Group Acquires G-Ports (UK) and Falmor
The Marcura Group, a Dubai-based group of companies focused on providing business solutions to the maritime industry, has announced the acquisition of the UK-based companies G-Ports (UK) Ltd., which specialises in port, congestion and commodity tracking data, and Falmor Ltd., a SaaS-based cloud platform for laytime/demurrage management and collaboration. Simon Francis, the Founder & CEO of the acquired companies, has assumed the role of Group Director for Business Development of Marcura's Digital Chartering Services. With these acquisitions and the new Group role for Mr.
RSC Bio Solutions Gains Kawasaki OEM Approvals
RSC Bio Solutions, a provider of high performance Environmentally Acceptable Lubricants (EALs) - hydraulic fluids, gear oils and greases - and industrial cleaners and solvents, said it has received OEM approvals for use in Kawasaki Heavy Industries’ Controllable Pitch Propellers (CPP) and side thrusters. The RSC EnviroLogic HF 68 HP was approved for use in Kawasaki Controllable Pitch Propellers (CPP). RSC EnviroLogic HF 68 HP is a high performance, readily biodegradable, synthetic ISO 68 grade hydraulic fluid.
Port of LA Ready for Next Generation of Containerships
As a leading gateway for trade between the U.S. and Asia, the Port of Los Angeles must be ready for the next generation of container ships. The Port of Los Angeles TraPac Terminal is a 24 hour a day, fully automated technologically advanced terminal. The TraPac Terminal Automation Project, part of $1 billion worth of planned capital improvements, features automatic stacking cranes and fully automated straddle carriers to advance the Port of Los Angeles’ competitive edge. Arcadis assisted with construction management services for phases 2-4 of the project.
Garamendi Receives Navy League's Hirsch Award
U.S. Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA), Ranking Member of the Subcommittee on the Coast Guard and Maritime Transportation, received the Vincent T. Hirsch Maritime Award for Outstanding Leadership from the Navy League of the United States. The ceremony occurred at the California State University Maritime Academy. The Hirsch Award is presented to a distinguished American who has been singularly effective in creating a broader understanding of the importance of the Merchant Marine and the maritime industry to national security.
New CEO at the Helm of Crystal Cruises
Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15. Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development. He joins Crystal most recently from the Walt Disney Company where he served in various executive roles for 28 years, 10 of which were with Disney Cruise Line where he served as Senior Vice President of Operations. Wolber helped transform Disney Cruise Line into a global cruise line.
Two New Shipping Lines to Hamad
Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries. Qatar News Agency (QNA) said that both lines will run on a weekly basis. The first line starts in the Mediterranean and will be serviced by with four ships, with a total capacity of 6,000 containers including 400 reefer containers. The China Gulf Express Service will connect Shanghai in China with Hamad Port…
Shipbuilding: China Races Ahead of South Korea
Shipyards in China have surpassed South Korea again in terms of receiving the most orders for new ships and platforms, while fierce battle for the number one position in shipbuilding orders continues. China ranked first globally with 195 vessel orders, while South Korea was second with 104 during the first eight months of this year, Yicai Global reported citing Clarkson Research Services. According to the report, total global orders for January to August were 489 vessels, up about 40 percent annually.
Hapag-Lloyd Orders 7,700 New Reefer Containers
This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units. In addition, 1,000 of the new containers are equipped with “Controlled Atmosphere” technology, which slows down the ripening process of various types of fruits and vegetables, thereby allowing them to be transported for longer periods of time while maintaining a consistent quality. Production will already begin in September.
Kiel Port Prize Goes to Grage of SCA Logistics
The 2017 annual Port of Kiel Prize has been awarded to Jörn Grage, Managing Director of SCA Logistics GmbH. The award was presented on Thursday evening, September 14th, by Dr Dirk Claus, Managing Director of the PORT OF KIEL (SEEHAFEN KIEL GmbH & Co. KG) as part of celebrations to mark the “Sprottenback” – the traditional annual social get-together of companies in the port business community. In a speech honouring the Port Prize recipient, Dirk Claus said: “Jörn Grage has, because of his own personal commitment…
PD Ports Warns UK Against 'Brexit Blinkers'
In the week that global maritime leaders gave the UK a vote of confidence, naming it one of the world’s leading maritime centres, PD Ports is urging UK businesses not to develop ‘Brexit blinkers’ but instead to explore significant new global opportunities as the UK negotiates its exit from the EU. Industry data shows UK export performance as a whole has been stronger outside the Single Market than within the EU over the last decade according to PwC’s UK Economic Outlook report.
New Ship Repair Facility in Portsmouth
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine announced that in partnership with Portsmouth City Council it has opened a new ship repair facility within Portsmouth Commercial Port, U.K. Burgess Marine Ltd. and MMD Shipping Services Ltd, part of Portsmouth City Council, launched this new strategic partnership in style with an emergency three-day alongside docking for Wightlink Ferries. Burgess Marine and MMD have been building a relationship over the last few months for the use of Flat House Quay in Portsmouth’s Commercial Port.
Global Bunkers, 2020 and Developing Market Trends
Alok Sharma, Head of Global Sales at Glencore’s Inatech, provides an in-depth look at what’s coming next for one of the maritime industry’s most interesting and important sectors. When it comes to bunkers, the OW crisis is still fresh in everyone’s mind, Environmental Control Areas (ECA) are very much in place and the changes mandated to come for bunkers in 2020 are also closer than one would think. From Alok Sharma’s chair as head of Global Sales at Inatech, a Glencore Company…
New Orleans' Big Plans Showing Dividends
A Container-on-Barge service intended to be an integral part of the regional intermodal equation is gathering momentum – and customers. Quietly, the Port of New Orleans (NOLA) has marked some important accomplishments in the past two years, across multiple business sectors. For example, in April 2016, NOLA’s Board dedicated a $25 million Mississippi River intermodal terminal, capable of handling 160,000 twenty-foot-equivalent (TEU) units per year by rail. CN Railroad signed a memorandum of understanding (MOU) a year earlier (2015)…
Konecranes Signs Service Agreement with MPET
In August 2017, Konecranes signed a major service agreement: the company’s Antwerp-based service organization will perform all of the maintenance and repair work on more than 150 Konecranes Noell Straddle Carriers of different generations for MSC PSA European Terminal (MPET), the single largest container terminal in Europe. The purpose of this service agreement is to achieve consistently high availability of the entire machine fleet. MPET, which handles the majority of containers in the Port of Antwerp, saw steady growth in 2016.
The Shipowners' Club Reports Steady Half Year Results
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported steady financial results for the six months ended 30 June 2017, despite challenging market conditions. The Club recorded a 99.3% combined ratio, consistent with previous years. The modest underwriting surplus achieved in the first six months of US$ 0.7m has been supplemented by a favourable return on the Club’s investment portfolio. This portfolio has contributed some US$ 24m of surplus in the first half of the year – a return of 3.7%.
Record August Cargoes at Port of Virginia
The Port of Virginia tallied the most productive August in its history, moving 240,605 twenty-foot equivalent units (TEUs), a 2.2 percent increase when compared with the same month last year. “As construction progresses at VIG (Virginia International Gateway) and the civil work at NIT (Norfolk International Terminals) continues, the port team is performing at a very high level with no reduction in service levels and the safety of our colleagues as our first priority,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA).
Concordia: Contract Signed for Tanker
Concordia Maritime signed a contract to charter out the P-MAX tanker Stena Provence. The contract is for one year, with an option for a further year, and runs from mid-September 2017. The contractual partner is one of the world’s largest oil and gas companies. The vessel has previously been used by the same customer for consecutive transportation of refined petroleum products, mainly in the Asia Pacific region. This is the second time charter contract for Concordia Maritime in recent months. A similar contract was signed with the same customer in June for the P-MAX vessel Stena Paris.
First Marine Type Approval for Cyber Enabled Components
As the marine industry moves towards the incorporation of digital, connected solutions onboard ships, Lloyd’s Register (LR) released Type Approval Requirements for components within Cyber Enabled Systems on board Ships. According to LR, introduction of this type approval procedure is important, as it defines a critical point in the evolution of smart technology implementation within the marine and offshore industry – delivering an assurance system that provides confidence in the market for the supply of cyber enabled components.
Transas CEO Honored
Transas Chief Executive Frank Coles won ‘gold’ in the Most Influential People of the Year category of the 2017 Golden Bridge Business and Innovations Awards, an award which acknowledges his ability to communicate his vision for the maritime industry in the digital age. The Golden Bridge Awards are an annual industry and peer recognition program based in San Francisco that honors the Best Companies, Products, Innovations, Management Teams, Executives and Influencers from around the globe.
Swiss Climate EcoCare to Provide IMO DCS Services for Liberian-flagged Ships
Swiss Climate EcoCare is the first native German Company to enter a strategic agreement with the Liberian Registry with regards to the emissions guidelines, referring to EU-MRV and IMO DCS. Swiss Climate is a longtime expert in emission related topics. For more than 10 years, Swiss Climate has provided consultancy services to companies and organisations in setting up holistic climate strategies and sustainability concepts. In 2010, the company established its first so called “carbon footprint” for a cargo vessel.
Braemar Acquires NAVES
Braemar Shipping Services plc announced the conditional acquisition of the entire issued share capital of NAVES Corporate Finance GmbH. Braemar is a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries. NAVES is a corporate finance advisory business focused on the maritime industry to create a new division within Braemar to be known as the Financial Division. The consideration payable…
Russia to build 15 Tankers at South Korean Shipyards
Fifteen tankers will be built at South Korean shipyards to transport the products of the Yamal LNG plant, TASS cites Russian President Vladimir Putin as saying. “We have noted with satisfaction the successful cooperation in the energy sector: South Korean companies are participating in the Sakhalin-1 and Sakhalin-2 projects, we are working on the issue of increasing purchases of liquefied natural gas,” the report quoted President Putin. Besides, Vladimir Putin marked the advantages…
How Do Ships Avoid Hurricanes?
Dozens of ships in the Caribbean have already been diverted to avoid Hurricane Irma, but how exactly does shipping cope with extreme weather - a post by UK Chamber of Shipping. Hurricane Irma, much like its predecessor Hurricane Harvey, has sent shipping into disarray, particularly for cruise passengers. Around 40,000 holidaymakers are estimated to have been affected by disruption to scheduled cruises this week and this figure could rise further as Irma speeds through the Caribbean towards southern Florida.
NY/NJ Welcomes CMA CGM Theodore Roosevelt
The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal. The ultra-large container ship also established a new record as the largest vessel to pass under the raised roadbed of the Bayonne Bridge, which now gives air draft clearance to vessels of up to 18,000 TEU capacity. Until recently, container ships calling the Port of New York & New Jersey were mainly of the 5,000-8,000 TEU size class.
MOL Car Carrier's First Call at Port of Kisarazu
Mitsui O.S.K. Lines (MOL) announced that on August 31, the MOL-operated car carrier Swan Ace (capacity: 6,400 standard passenger cars) called at the Port of Kisarazu in Chiba Prefecture and loaded 800 used vehicles. It was the first call for MOL-operated car carriers of Japan – East Africa trade. On the same day, the cargo owner, port officials, and other guests attended a commemorative ceremony at a hotel in Kisarazu City. Vast used vehicle export yards are clustered around the Port of Kisarazu.
Op/Ed: Act Now on Port Infrastructure
Funding for freight transportation infrastructure is urgently needed to keep U.S. economy moving. Infrastructure is the backbone of developed nations. Our ability to move raw materials and finished products between domestic and world markets is critical to economic success. Right now, the U.S. freight transportation industry is at a crossroads and infrastructure funding is urgently needed to grow our economy. In recent years, transportation infrastructure investment has lagged…
Bahri’s New Ro-Ro Ship Calls New Orleans
The Port of New Orleans welcomed the return of roll-on, roll-off service with the inaugural call of the Bahri Yanbu, a new state-of-the-art multipurpose vessel, in mid-August at the Nashville Avenue Terminal Complex operated by Ports America. “The return of roll-on/roll-off service to the Port of New Orleans – for the first time since 2005 – helps us meet the diverse needs of the marketplace and increases our global competitiveness,” said Brandy D. Christian, Port of New Orleans President and CEO.
Asian Cruise Market Growth Continues -Report
The Cruise Lines International Association, has released the findings from two new reports about the Asian Cruise market. The first, 2017 Asia Cruise Trends, is a comprehensive analysis of the cruise industry within Asia. The second, the 2016 North Asia Economic Impact Study, reveals the economic impact the cruise industry has had to the North Asian market. “While the Asian cruise market has grown tremendously within the past four years – it has the potential to capture a much larger percentage of the Asian population…
North P&I Recommends Cyber Risk Assessment Platform
North P&I Club has announced details of a new benefit for members to encourage them to better understand their vulnerabilities to cyber-risk and to improve their cyber-security processes and systems. From today, North P&I members can receive a 20% discount on evaluation platform, HACyberLogix. The threat of cyber-risk is at the forefront of the shipping industry in the wake of the WannaCry and NotPetya attacks earlier this year. Through an assessment of the policies, processes and technologies that contribute to their cybersecurity posture across 12 different areas…
Dust Explosion Research Underway by DNV GL and Gexcon
Dust explosion incidents are immediate releases of small particles (i.e. chemicals, metal dusts) in large volumes. Such incidents can have devastating effects both in terms of harm to people and the facilities involved. DNV GL and Gexcon have therefore joined together to seek partners in a collaborative project to investigate dust explosions at a larger scale and produce new guidelines for industry on how best to mitigate these events. Common dusts involved in reported incidents ranges from, among others; lumber and wood products, chemicals, metal dusts, plastics and foodstuffs (sugar, flour).
Matson Launches Okinawa Service
U.S. carrier Matson, Inc. said it has inaugurated service to the port of Naha, Okinawa as part of its expedited China-Long Beach Express (CLX) service. Having received all necessary permits and clearances, the new weekly service made its first call at Naha on September 2, 2017. Westbound transit times to Naha are 17 days from Long Beach, 18 days from Oakland, 21 days from Seattle, and 11 days from Honolulu. Eastbound transits from Naha are 14 days to Long Beach, 17 days to Oakland and 33 days to Seattle.
Smart Ships: Inmarsat, Samsung Heavy Industries Partner
Satellite communications services provider Inmarsat said it has signed a Memorandum of Understanding (MoU) with shipbuilder Samsung Heavy Industries (SHI), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. The agreement envisages the South Korean yard installing Inmarsat-approved terminal hardware and offering applications to cover remote machinery diagnostics and CCTV services, to leverage the satellite communications platform’s capabilities from the moment the ship is delivered.
APM Terminals Sells Paranagua Port Stake
APM Terminals announced the sale of its 5% share in Terminal de Contêineres de Paranaguá (TCP) to China Merchants Port Holdings. The share sale was initiated and led by Advent, who is the controlling shareholder of TCP. Price and terms were not disclosed and the share sale is subject to the normal reviews and condition precedents. In March 2016, APM Terminals had acquired the 5% share in TCP as part of the Grup Maritim TCB acquisition. In Brazil, APM Terminals maintains a strong port and landside offering to supply chains with ports in Itajai…
Shipping’s Recovery May Not Lift Seafarer Wage Costs
Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially challenged and the officer shortfall recedes, according to the latest Manning report published by global shipping consultancy Drewry. The lack of confidence in the industry has seen wage increases almost at a standstill since 2009, and over the past year average officer rates have slid into reverse. While there remains an overall shortfall in officer numbers…
Port Taranaki Ready for More Cruise Ships
Port Taranaki is committed to providing world-class assets and service excellence to support the cruise industry, chief executive Guy Roper says. Mr Roper took part in a panel discussion of leaders from “emerging ports” at today’s Cruise New Zealand 2017 Conference. This is the first time Port Taranaki has participated at a Cruise New Zealand conference. Prior to the conference, Roper highlighted that, as the gateway to the region, Port Taranaki is prepared and ready for more cruise ships.
Scorpio Closes Merger with Navig8
Scorpio Tankers Inc. announced that it has closed the previously announced merger with Navig8 Product Tankers Inc. (NPTI). As consideration, Scorpio has issued 55 million shares of its common stock to the holders of NPTI’s common shares or 19.7% of the current 279,663,300 Scorpio common shares issued and outstanding. Through the Merger and related transactions, Scorpio has acquired an operating fleet of 27 eco-design product tankers, comprised of 15 LR2s and 12 LR1s with a weighted average of 1.2 years and an aggregate carrying capacity of approximately 2.6 million dwt.
LGL Brings US-flag RO/RO into Service
Liberty Global Logistics LLC (LGL) said its newest U.S.-flag Roll-On/Roll-Off (RO/RO) vessel, the M/V Liberty Peace, has commenced service. The flag of the vessel was transferred from Norwegian flag by the captain of the M/V NOCC Baltic to Jeffrey M. Raider, the U.S. Captain of the vessel. The M/V Liberty Peace was delivered to its owners in March 2017. The pure car/truck carrier (PCTC) will proceed to the U.S. West Coast to load cargo, then continue westbound across the Pacific to destinations in the Far East and Middle East.
Largest Ship to Visit US East Coast Calls Savannah
The largest containership ever to serve the U.S. East Coast, the 14,414 TEU CMA CGM Theodore Roosevelt, called the Port of Savannah on Friday. Working the vessel with seven cranes at the 1,200-acre Garden City Terminal, the Port of Savannah is expected to move 4,500 containers (approximately 8,000 TEUs) on and off the ship. The GPA will work six other vessels simultaneous to the Roosevelt. “Not only do these massive ships play to Savannah's strengths, they actually make us more efficient,” said Georgia Ports Authority Executive Director Griff Lynch.
Columbia, Marlow Receive Regulatory Approval for Merger
Columbia Shipmanagement and Marlow Navigation announced confirmation of regulatory approval allowing their previously reported intended merger to proceed. The merger brings together two of the shipping industry’s privately owned shipmanagement companies. Columbia Marlow will continue focus on its core services of technical and crew management, together with whatever support services are required by its clients.
Corpus Christi Ship Channel Reopened
The Corpus Christi Ship Channel is open to restricted operations following a record six-day closure caused by Hurricane Harvey. Harvey has left many Gulf Coast petroleum refining centers either completely shut down or with operations significantly scaled back. An estimated 25 percent of the region’s refining capacity is operational, positioning Corpus Christi as the largest refining center on the Texas Coast that is fully operational. The ship channel’s restricted opening, authorized by the U.S.
HMM Orders New Carriers
South Korea’s largest ocean carrier Hyundai Merchant Marine (HMM) will invest USD 417.61 million in five new very large crude oil carriers (VLCCs), Reuters reported quoting company sources. "HMM will invest 470 billion South Korean won (U.S. $418 million) in new facilities for the construction of five, 300,000 deadweight ton (DWT) VLCCs with Daewoo Shipbuilding & Marine Engineering (DSME), with an option for five more," said company sources. HMM will acquire two 11,000-TEU containerships from Hanjin Heavy Industries & Construction’s Subic Shipyard.
CMA CGM Deploys Theodore Roosevelt on SAX
The CMA CGM Theodore Roosevelt will be deployed on the South Atlantic Express (SAX) line, linking Asia East Cost to North America Cost through the Panama Canal, says a statement from the company. With transit times among the fastest in the market between Asia and North, Central America and with an optimal coverage, the SAX line offers a high-quality service to the Group’s customers. This line is also operating through the OCEAN Alliance powered by CMA CGM. In recent years, CMA CGM in the United States has grown to become an industry leader…
UPS Resumes Operations in Some Parts of Storm-battered Texas
United Parcel Service Inc said on Thursday it resumed operations in Austin and some parts of Corpus Christi, Texas, that were halted due to Hurricane Harvey, though operations remained closed in the storm-battered Houston area. The company said it restored service to more than 150 zip codes and would continue to resume operations in affected communities as it was safe to do so. (Reporting by Eric M. Johnson in Seattle; Editing by Cynthia Osterman)
Bekkenes Steps Down from Palfinger President Post
Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. “With the strengths that lie within the company, both in terms of personnel and products, Palfinger Marine is very well positioned to be the preferred supplier of cranes, lifesaving equipment and winches for vessels and installations worldwide. I feel that the time is right for me to step down and seek new challenges,” said Bekkenes. Coming from the role of CEO of Harding Safety, Styrk has been the President of Palfinger Marine since January of this year.
Bahri Ship Management Complies with EU MRV
Bahri Ship Management, one of the six business units within transportation and logistics company Bahri, said it is in compliance with the submission of EU MRV (Monitoring, Reporting, Verification) plans for the full fleet, ahead of the deadline. At present, Bahri Ship Management operates 39 VLCCs, 23 chemical tankers, 10 product tankers, fivebulk carriers and six ROCONs. Seven further VLCCs are on order, with deliveries expected to be completed by May 2018. To comply with the EU MRV Regulation…
Traders Look to Asia Products for U.S. Options
Traders adding U.S. port options to cargoes for flexibility. Traders are scrambling to find oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S. refining capacity, several trading and shipping sources told Reuters on Wednesday. Many are also asking for ships to have a U.S. option added to their original destination to allow for flexibility in sending the cargoes across the Pacific, shipbrokers said. At least one oil products tanker…
Shareholders Approve Scorpio- Navig8 Merger
Scorpio Tankers said shareholders of Navig8 Product Tankers Inc. (NPTI) approved the previously announced merger of Scorpio and NPTI at shareholders meeting held Tuesday. At the meeting, approximately 94.25 percent of the NPTI shares outstanding were voted, all of which were in favor of the merger. The merger remains subject to customary closing conditions and is expected to close on or about September 1, 2017. Three months ago, Scorpio Tankers announced that it had reached a deal to acquire 27 recently built LR tankers by merging with Navig8 Product Tankers.