Grieg Star, Maas Capital Form Dry Bulk JV
Norwegean shipping company Grieg Star and investment management firm Maas Capital have established a joint venture for ownership of Supramax and Ultramax vessels.The new company is named GriegMaas AS, said the ship owner, manager and operator for over 40 open hatch and conventional bulk vessels.The joint venture was established in December 2018. The companies have each 50 percent ownership of the GriegMaas joint venture.The company aims to acquire high quality Supramax- and Ultramax bulkers.
NYK Line Signs TC for Two LNG Carriers with Total
Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…
Bahri Targets Acquisitions in Asia, Middle East
Saudi Arabia's Bahri is targeting acquisitions in Asia and the Middle East as the exclusive oil shipper for state energy giant Saudi Aramco seeks to expand its reach, the chief executive said on Wednesday.Bahri is the world's largest owner and operator of very large crude carriers (VLCCs). Saudi sovereign wealth fund the Public Investment Fund (PIF) owns 22 percent of the company and Aramco has a 20 percent stake."We are looking at multiple acquisitions in the Middle East and Asia worth tens of millions of dollars…
Wallem Welcomes First Vessel Under Japanese Flag
The Aphrodite Leader, a pure car and truck carrier (PCTC), is the first vessel under Wallem Ship Management to come under the Japanese Flag.The Aphrodite Leader completed the various inspections, audits and surveys in accordance with the Japanese Flag requirements. The vessel then officially changed over to Japanese Flag upon receipt of the statutory certificates from the Japanese Government and Class NK.This marks a positive milestone as Wallem is now one of just a few international ship managers capable of managing Japanese Flag vessels.
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…
SEDNA’s Powerful Teamwork and Transaction Tool
In shipping, the team with the best documentation always wins. Today, for many stakeholders, that increasingly means employing SEDNA’s E-mail software platform for myriad projects.Bill Dobie is Founder and CEO of SEDNA with over 20 years of experience in bringing technology and people together while creating opportunity for innovation and growth. His newest product, specifically designed for the shipping industries, is a cloud-based communication and transaction management platform…
Mark Chu Steps Down as COO of Seaspan
Seaspan Corporation, the world's largest independent containership owner operator, has announced that Mark Chu has notified the company that he plans to step down from his roles as General Counsel and Chief Operating Officer to pursue other opportunities. Chu will remain in his current roles through August 31st, 2018 to help facilitate a seamless transition. Bing Chen, President and Chief Executive Officer of Seaspan said, "I would like to thank Mark for his many contributions to Seaspan over the years.
Naval Dome, Stamco Ink Cyber Security Agreement
Maritime cyber security specialist Naval Dome has signed a contract with Piraeus-based Stamco Ship Management to install its maritime cyber defense system aboard 55 Pure Car and Truck Carriers (PCTC).Stamco Ship Management provides technical and commercial ship management services to various companies like NYK, MOL, K-Line, China Shipping, Höegh Autoliners, WWL, Eukor and Glovis.Naval Dome will install the security system onboard the vessels’ bridge, navigation, communication and machinery control systems to deliver maximum…
BSM Mexico Quality Certified
Bernhard Schulte Shipmanagement (BSM) Mexico has been awarded the Certificates ISO 9001:2015 - Quality Management Systems, ISO 14001:2015 - Environmental Management Systems – and OHSAS 18001:2007 - Occupational Health and Safety Assessment Series - for its ship management services and personnel management on board and ashore by the accredited DNV-GL Registrar and Classification Society. ISO 9001:2015 Certification focuses on quality management standards, including meeting the needs of customers…
Capital Ship Management, Liberty One Form JV
Capital Ship Management Corp. and Liberty One have announced the establishment of a joint venture under the name Capital Liberty Invest, taking aim at the German shipping market. The new entity will combine the forces, excellent track record and reputation of Capital and Liberty with the aim to provide commercial and technical ship operating platforms across different shipping segments and sizes in the German shipping market. The Joint Venture will seek growth opportunities in the container segment…
Crowley Shipping Announces Management Team
Crowley Maritime Corp. appointed four industry veterans to oversee the consolidated lines of business under the recently formed Crowley Shipping group, which provides petroleum and chemical transportation, commercial ship management, offshore energy support and ship assist and tanker escort services in the U.S. and international markets. Crowley said the new business unit structure better aligns vessel operations and services with customers, positioning the company for greater growth and efficiency under Rob Grune, senior vice president and general manager.
Crowley Restructures Business Units
Crowley Maritime Corporation announced it has restructured its business units as the company aims to increase its focus on government-related business and better align vessel operations and fuel distribution services. Over the coming months, the 125-year-old company will transition its non-liner and logistics business units into three main service lines: Crowley Shipping, Crowley Fuels and Crowley Solutions. “This plan facilitates a pivot towards growing the company’s government portfolio of work…
MOL Group Develops Onboard Labor Management Software
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that its group’s core dry-cargo ship management company, MOL Ship Management Co., Ltd. (MOLSHIP; President: Toshikazu Inaoka; Headquarters: Minato-ku, Tokyo) has jointly developed with maritime software developer Spectral Technologies, Inc. (President and CEO: Kjell B. Sundberg; Headquarters: Manila, Republic of the Philippines) a new onboard management software program called “WRH5” used to manage crews’ work and rest hours. MOLSHIP will introduce “WRH5” on its managed vessels.
V.Ships Wins Fortress Deal
V.Ships Offshore, part of V.Group has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for an advanced SURF/IMR vessel. The ship management services will be delivered from our newly acquired Bibby Ship Management office in Singapore led by Arvind Mohan. Nineteen specialised seafarers, with final complement subject to project requirements, are being deployed on board the 2014-built DP-3 vessel, Pride, which has been on charter in Malaysian waters.
BSM Launches Lay-up, Green Recycling Services
Bernhard Schulte Shipmanagement (BSM) is further expanding the scope of ship management services it offers with the addition of two new service offerings – Lay-up Services and Green Recycling. Both services have been developed to meet changing needs amid the tough economic environment that the shipping industry is facing. BSM’s Lay-up Services have been designed to support customers where continued operation of the vessel is deemed uneconomical. BSM will advise the owner of the best options for lay-up and the appropriate procedures that need to be followed for different types of lay-up…
SCF Unicom Marks its Quarter Century
Press release - On 11 March 2015, a reception took place in Limassol (Cyprus) to mark the 25th anniversary of Sovcomflot’s technical management subsidiary SCF Unicom. Unicom was established in 1991, in Cyprus, to allow global charterers to transport their freight with the help of Sovcomflot Group’s fleet. Over the years, Unicom has become one of the most recognisable brands within Sovcomflot Group, Russia’s largest shipping company. Nowadays, Unicom is a true leader in global ship management…
BSM, Optimum Announce Joint Venture Company
Bernhard Schulte Shipmanagement (BSM) and Optimum Ship Management (Optimum) have announced the launch of a new joint venture partnership, Hanseatic Cruise Services. Based in Singapore, Hanseatic Cruise Services will provide comprehensive, world class passenger vessel management services to third-party clients around the world. BSM is continuously working to expand and diversify its range of services. It believes that the cruise industry presents a significant opportunity for development, offering major growth potential.
V.Group Buys Bibby Ship Management
V.Group has acquired Bibby Ship Management, part of the Bibby Line Group, which has an established track record for providing high quality, safe and reliable ship management and support services to blue-chip clients. Bibby Ship Management services all types of vessels and has particular strengths in the management of offshore vessels. It also provides extensive crew management solutions, technical support services, marine travel, marine surveying, training and recruitment services.
Thome Unveils New Website
The Thome Group has unveiled a brand new website for 2016 to streamline communications with its clients across the global shipping industry and showcase its comprehensive range of maritime services. Thome Group of Companies is a dynamic provider of integrated ship management services to the international shipping and offshore industries. From ship management to offshore structure management, port agency, vessel inspection and crew training. Thome offers a complete range of services and products under one roof.
BIMCO's "SUPERMAN" Contract for Newbuilding Supervision Services
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements. Developed by a team of industry experts, SUPERMAN is a comprehensive and clearly worded agreement setting out a ship managers’ duties and obligations when providing ship construction-related supervisory services. SUPERMAN is modelled closely on the widely used SHIPMAN 2009.
ISS wins crew logistics contract with MSI Ship Management
Marine, cargo and supply chain solutions provider Inchcape Shipping Services (ISS) has won a new contract with MSI Ship Management Pte Ltd to provide crew logistics services (CLS) across the globe. Under the new contract, MSI Ship Management will assign numerous vessels including bulk carriers, VLOCs, chemical and product tankers to ISS to help streamline and improve its crew transfer service worldwide. Singapore-based MSI Ship Management specializes in international ship management services, handling over 2500 seafarers globally, with 1,500 at sea at any one time.
China Exim Bank Backs Seaspan
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation Agreement with the Export-Import Bank of China (CEXIM) for a total of up to $1 billion in export credit facilities. The credit facilities would be made available to Seaspan for the purchase and construction of vessels from shipyards in China within the next three years. Gerry Wang, Chief Executive Officer, Co-Chairman and Co-Founder of Seaspan commented…
Third 14,000 TEU Container Joins Seaspan
Hong Kong-based owner and operator of containerships Seaspan Corporation has taken delivery of a 14,000 TEU containership, the YM Winner. The new ship, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan’s third 14,000 TEU SAVER design containership and fourth delivery in 2015. The YM Winner will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. The ship is the third of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the YM Winner expands the Company's operating fleet to 81 vessels.
The Human Element of Ship Management
The best third party ship managers employ technology, good business practices, economies of scale and a customized approach for each client. None of that will succeed without first addressing the human element of the equation. Ship managers Crowley Maritime, Thome and Bibby Ship management companies all manage tonnage for others, in sometimes dissimilar sectors and different regions and world trades. Those differences set the three groups apart in terms of the skill sets necessary to manage different classes and types of ships.
Sino-Global to Acquire Tanker
Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"), between the Company and Rong Yao International Shipping Limited, a Hong Kong corporation (the "Vessel Seller") pursuant to which the Company has agreed to acquire a small oil/chemical tanker (the "Vessel") from the Vessel Seller. Pursuant to the terms of the MOU, the purchase price for the Vessel is RMB 65 million (or approximately US $10.5 million)…
Intermanager Welcomes Unicom
InterManager, the international trade association which represents third party and in-house ship managers, has welcomed Cyprus head-quartered ship management company Unicom to its full membership. Unicom, which provides a full range of ship management services to almost 90 vessels and specializes particularly in Arctic operations, joined InterManager as a Full Member following a meeting in Limassol with InterManager Secretary General, Captain Kuba Szymanski, last week. Capt. Szymanski…