IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag
At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.U.N. shipping agency, the International Maritime Organization (IMO), aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050…
Tracking Ship Emissions from Space
A new ground-breaking study by University College London (UCL) Energy Institute, Imperial College and the University of Oxford shows how satellite tracking could be used to monitor compliance with the upcoming IMO 0.5% sulfur emission regulations and Emission Control Areas (ECA).Research conducted by their own researchers, UCL Energy and the University of Oxford and published today in Geophysical Research Letters, has unveiled discoveries that appear important on many levels for…
Haugen Joins Pacific Green Exec Team
Pacific Green Technologies Inc. (PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, appointed Atle Haugen as Sales Director, Marine Direct Sales.Haugen joins from the international exhaust gas scrubbing business, Clean Marine AS, where for the last six years he led sales in the Americas and Europe.Along with PGTK’s new Vice President, Marine Direct Sales, Frode Helland-Evebo, Haugen was responsible for fast sales growth and helping to establish Clean Marine as one of the world’s largest scrubber manufacturers.
Decarbonization: 34 Maritime CEOs Call for Action
A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…
Golden Ocean Group Appoint Two New Board Members
Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board members.Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an international ship-management company.She has served as the CFO of Anglo-Atlantic Steamship Co. Ltd. and as Commercial Manager of Laurin Maritime (UK) Ltd. Prior to that, she worked with fund manager Tufton Oceanic Ltd. and with management consultant Karlöf & Partners.
The Impact of Decarbonization on Shipping Finance
“Many global financial institutions have committed to bringing their portfolios in line with the transition to a low-carbon economy. At a Global Maritime Forum roundtable in London yesterday, the Carbon Pricing Leadership Coalition and global NGO Carbon War Room, worked with shipping leads from major global financial institutions to explore the challenges of decarbonisation for ship financing. With the launch of the report Preparing shipping banks for climate change: How can internal carbon pricing help ship-financing banks in risk management?…
Myklebust Appointed CEO of Viking Supply Ships
The Board of Directors of Viking Supply Ships AB has appointed Trond Myklebust as Chief Executive Officer (CEO). Myklebust will also act as CEO in Viking Supply Ships A/S, and will take over the responsibilities as CEO in both companies ultimo January. Myklebust is currently employed as CEO of Fjord Shipping AS. A Master Mariner from Aalesund University College, he has extensive experience from the Offshore industry, most notably from his position as Managing Director of Bourbon Norway and ship broker and General Manager within Seabrokers.
US, Danish Maritime Academies Partner
Student exchanges, faculty collaborations and programmatic partnerships are now possible between the United States’ SUNY Maritime College and Svendborg International Maritime Academy in Denmark. The two institutions earlier this month signed a memorandum of agreement that will pave the way for academic cooperation and knowledge sharing. “The shipping industry is international by nature,” said Joseph Hoffman, interim provost and vice president for academic affairs at SUNY Maritime.
HII Names Leonard a Corporate Director
Capt. Joseph J. Leonard (U.S. Navy, Ret.) has joined Huntington Ingalls Industries (HII) as corporate director of customer affairs, large surface combatant program, the shipbuilder announced. In his new role, Leonard will provide solutions in the development and implementation of customer-focused activities for HII’s surface ship programs. He will work in HII’s Washington, D.C., office and will report to Dan Holloway, corporate vice president, customer affairs. Prior to joining HII…
Wood Group Develops Advanced Analytics Capability with CeADA
Wood Group today announced that it is collaborating with the Centre for Applied Data Analytics (CeADAR), located at University College Dublin (UCD), to launch a new data analytics capability to deliver significant savings for the energy and industrial sectors. Wood Group Kenny (WGK) will work with CeADAR to develop predictive analytics for deployment particularly in the oil and gas industry. This will initially be targeted at brownfield engineering services and will strengthen WGK's existing services in the area of measured data analysis.
Kondapi Named Subsea Director at Texas A&M
Dr. Phaneendra Kondapi has joined the College of Engineering at Texas A&M University as the director for subsea engineering. Kondapi brings to the position more than 20 years of experience in the industry with FMC Technologies and KBR, where he focused on engineering and consulting projects worldwide. As the KBR Adjunct Professor of Subsea Engineering at the University of Houston, he helped develop the first subsea engineering program in the United States. “We are very pleased to have Dr. Kondapi join Texas A&M’s subsea engineering program as director,” said Dr.
MarPro Profile: Frances L. Keeler
Frances Keeler, Senior Counsel, Clyde & Co US LLP, might not necessarily be your typical ‘maritime professional’ but what she does on a daily basis is no less important to the waterfront – and the environment – than, for example, anything the builder of the best designed vessel in service today can put together. That’s because Keeler represents clients before various regulatory entities including the US EPA, California Air Resources Board and the local air pollution agencies on rule development…
The Human Aspect of the Autonomous Ship
Arguably a long way off, the autonomous ship is likely coming. What that means for labor, the stakeholders that prepare mariners to go to sea and the firms that will operate these futuristic vessels is another thing altogether. According to Dr. Jeremy Rifkin, a Wharton professor who has advised the European Union on Sustainability, among other things, we are in the midst of a ‘Third Industrial Revolution.’ It is here where information technology and new energy sources are upending business models that have thrived since the second iteration – the era of electricity…
MTN Appoints Whitehouse
MTN announced George Whitehouse as its new director of business development for Yacht Services. Whitehouse is responsible for creating new business opportunities and relationships that enhance the MTN client community, particularly in the large yacht segment. His role will include strategic relationship development with clients and partners to accelerate sales and expand the company’s product portfolio. He will drive partnerships and synergize with marketing efforts to achieve short and long-term objectives of MTN and EMC.
BAE Systems Welcomes Record Number of Paid Interns
More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program. At Portsmouth Naval Base and Cowes on the Isle of Wight, 11 interns are currently working across a number of disciplines from HR and finance, through to engineering and supply chain. Now in its third year, this growing program gives students the opportunity to learn from employees who are experts in their fields and gain insights that can only come from real world experience.
Berg appointed CEO of Viking Supply Ships
The Board of Viking Supply Ships AB (under name change from Rederi AB Transatlantic) has decided to appoint Christian W. Berg as CEO of the company with immediate effect. Christian will in parallel continue as head of the Viking Supply Ships business area just as today. Christian W. Berg is born 1968 and has since 2011 been head of the business area Viking Supply Ships, coming previously from Chief Commercial Officer in Siem Offshore (2008-2011) which is a company listed on the Oslo Stock Exchange.
Ocean Energy Board Names Stevenson President
Ocean Energy Europe’s board of directors has elected Rob Stevenson as its new president. His appointment follows the election of six new directors on Ocean Energy Europe’s board. Stevenson is Vice President of Alstom’s Ocean Energy Business, having moved in 2013 from his position as Vice President of Rolls-Royce Power Ventures and CEO of Tidal Generation Ltd. He has over 35 years’ international management experience of the power generation sector across a wide variety of fuel…
Paxton Joins Adams and Reese
Adams and Reese Adds Four to Bolster Federal Governmental Relations Practice. Adams and Reese is proud to announce the addition of Partner Matt Paxton and Governmental Affairs Advisors Joe Carnevale, Ian Bennitt and Ashley Godwin, who join our firm in our Washington DC Office from the law firm of Ball Janik LLP. “We are very excited about adding Matt, Joe, Ian and Ashley, to our Firm and our Federal Governmental Relations practice,” said B. Jeffrey Brooks, Adams and Reese Executive Committee Chairman and DC Office Partner in Charge.
Powering Ahead with Wind Assist Technologies
Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies,” at the recent Danish Maritime Days in early October drove this point home nicely. Describing the meeting in Copenhagen, Dr. Tristan Smith, from University College London’s (UCL) Energy Institute, told Maritime Professional last month that “… the event involved a coming together of ship owners and the leading companies developing…
Odd Arne Slettebø new CFO of “Noreco”
Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco. “I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco.
McDonald Promoted to EVP at Ingram Industries Inc.
Ingram Industries Inc. announced the promotion of Vice President and Deputy General Counsel Eleanor McDonald to Executive Vice President and General Counsel and Secretary, effective July 1. Orrin H. Ingram, President and Chief Executive Officer, commended Ms. She joined Ingram in 2006 as Assistant General Counsel, and before that was in private law practice in Nashville concentrating in mergers and acquisitions, commercial finance transactions and general corporate matters. Ms.
Liberian Registry Appoints Catsiba Manager in Dubai
Fay Catsiba has joined the Liberian International Ship & Corporate Registry (LISCR) as Business Development Manager based in Dubai, U.A.E. Greece-born Fay, who holds a Master of Law from University College London, began her career in shipping 22 years ago as a lecturer in Maritime Law, Transport Law and International Trade Law at the Southampton Institute of Maritime Studies, England. Thereafter, she has held a number of senior positions as claims and insurance manager as well as legal and general counsel for several leading shipping companies in Greece, Switzerland and the Philippines.
NAMEPA Announces Environmental Award Winners
The Board of Directors of the North American Marine Environment Protection Association (NAMEPA), announced the recipients of NAMEPA’s 2014 Marine Environment Protection Awards. The awards will be presented at NAMEPA’s Awards Dinner to be held in New York in conjunction with their New York Conference on October 29. Titan Salvage is the winner of the Corporate Award. When notified, Senior VP Todd Busch stated, “We at Titan are very proud to be honored with this award. It supports…
Kalleklev to Head DNV GL's SE Asia Oil & Gas
Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore. The unit will support the extensive development plans for a safe, secure and reliable gas and LNG infrastructure in Asia. It is estimated that USD 460 billion will need to be invested in South East Asia’s gas and LNG infrastructure by 2035 to meet energy demand. “This will secure robust growth in LNG supply.
Ship Fuel of Choice to Remain Heavy Oil in 2030: New Analysis
A new study by Lloyds Register and University College, London, discusses the prospects of marine fuels in 'Global Marine Fuel Trends 2030', giving insights into future fuel demand for the containership, bulk carrier/general cargo and tanker sectors (which represent about 70% of the global shipping industry's fuel demands). Fuel oil remains the main fuel for deep sea shipping; LNG develops a deep sea bunker market share of 11%; low sulphur heavy fuel oil and hydrogen emerge as alternatives in certain scenarios.
Nordic American Offshore Appoints CEO
Nordic American Offshore Ltd. (NAO) announced that Tor-Øyvind Bjørkli will join the company as chief executive officer (CEO), effective April 1, 2014. Tor-Øyvind will be working from out of the Oslo office on the same premises as Orion Tankers; the chartering department of Nordic American Tankers Limited (NAT). A subsidiary of Nordic American Tankers is the manager of the recently established Nordic American Offshore Ltd. (NAO). Tor-Øyvind graduated from Vestfold University College with a Bachelor of Science degree in Marine Engineering in 1992.