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NORDIC MARINE

Clipper Vessels Certified by Lloyd’s Register

Kristian Morch (left) and Ian Revell.

Danish shipping company joins vanguard of ship operators using the 50001 energy management standard. On Friday in Copenhagen, Lloyd’s Register presented Clipper Fleet Management with ISO 50001 certification issued by LRQA, Lloyd’s Register’s provider of independent business assurance. “To us, the ISO 50001 certification is a valuable recognition and documentation that we’re doing the right things within fuel efficiency and energy management,” says Kristian Morch, Group CEO, Clipper Group. “Going through the certification process has made us further streamline our fuel efficiency management processes, and we see the certification as a natural step in our continuous focus on reducing our fuel consumption and environmental impact.” The ISO 50001 standard specifies requirements for establishing, implementing, maintaining and improving an energy management system. It can be seen as a superstructure to the mandatory Ship Energy Efficiency Management Plans (SEEMP), a requirement by IMO (International Maritime Organization) and establishing a mechanism to improve the energy efficiency of a vessel. “It is clear that some leading companies can see the value of adopting this ISO standard. 50001 helps with regulatory compliance and in demonstrating environmental actions. It also helps deliver bottom line savings


Algae-X Standard Equipment on All New Nordic Tugs

Algae-X International has announced its agreement with Nordic Tugs, to integrate the Algae-X Fuel Decontamination Technology into the fuel systems of the company's diesel-powered vessels. Mr. Shelton is incorporating Algae-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. Algae-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.


Nordic Tankers Joins Nordic Exchange

Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further


Nordic Tankers Marine Chooses Transas Marine Course

Transas-logo.gif

Nordic Tankers Marine (Denmark) has chosen Transas Marine solutions for the ECDIS Training of its officers. Transas Marine has supplied 35 sets of Transas ECDIS Computer Based Training to Nordic Tankers Marine. Mr. Hanus Mikkelsen, Director Marine HR, Nordic Tankers Marine says: 'Training is a key element in transition to ECDIS. All our officers attend 5-days ECDIS generic training course ashore and now ECDIC CBT from Transas will be a perfect supplement to enhance the users' knowledge


Minesto Develops Simulator for Underwater Vehicles

Deep Green’s 8-shaped path on a sphere made with the HAMoS simulator. The Deep Green power plant is released in the current and finds its position on the trajectory where it operates stable.

Nordic marine energy technology company Minesto has developed a simulator to aid the development of its Deep Green marine power plant. According to Minestro, Deep Green is the only marine power plant that is able to cost efficiently produce electricity from low velocity tidal and ocean currents. The simulator has been developed in-house by Minesto’s own research and development department, and is in essence based on two existing open source programs: one for commercial flight


Nordic Shipholding Salvation Re-structuring Plan Agreed

Nordic Shipholding tankship: Image courtesy of Nordic Shipholding

Nordic Shipholding has entered a conditional restructuring agreement with Nordic Maritime, who will take over Nordic Ship Holdings debt of about  US$ 58,000,000. The company inform that after the restructuring it will be a tonnage provider in the product tanker segment and the objective is to grow the fleet. The five 37,000 dwt handy-size vessels will remain in commercial management with Maersk, where they participate in the Handytankers Pool


Nordic American Tanker Shipping to Buy Another

Nordic American Tanker Shipping Ltd. announced that the Company has agreed to acquire its tenth Suezmax vessel, a 150,000 dwt double-hull tanker built in a first class Far Eastern shipyard in 2003, for a purchase price of $80.9 million. The vessel is expected to be delivered from the seller no later than November 2006. The new vessel will be operated in the spot market or on spot market-related charters, like eight of our current nine vessels.


GAC Bunker Fuels Expands in Norway

GAC Bunker Fuels Limited has announced the opening of its newest office - in Bergen, Norway - in a move to further strengthen its marine fuel and lubricant trading operation across the Nordic region.   The Bergen office will be responsible for the trading of all grades of marine fuel and gas oil, as well as the full range of lubricant products, for domestic and international customers operating across Nordic waters and beyond


NAT Drops 10%

Prices 8.13 Mln Public Share Sale at Discounted $8/Share   Nordic American Tanker (NAT) opened this morning on the stock exchange down more than 10% (Down $0.85 to $8.025/share in late morning trading) after saying it has priced a 8.13 million public offering at $8 per share, an almost 10% discount to Thursday's closing price.   The company has granted the underwriters a 30-day option to purchase up to an additional 1,218,750 common shares


Nordic Maritime Exercises Option to Subscribe Further Shares

In light of the development of Nordic Shipholding A/S's cash position, as announced by the company in company announcement no. 11/13 published on December 13, 2013, Nordic Maritime has informed the company that it will exercise the option granted to Nordic Maritime in the conditional restructuring agreement entered into between the company and Nordic Maritime on 22 November 2013, to subscribe further shares against a cash payment to the Company of $2 million at completion of the restructuring


Bids Placed for Novy Port Icebreaker Contract

ARC 130 A icebreaker (Source: IAA PortNews)

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off, seeing seven companies submit bids for the project, IAA PortNews reported.  


Hoegh LNG's Bond Issue

Image: Höegh LNG Holdings Ltd

 Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate.  


Fuel Quality Data Tapped for Fleet Performance

Dr. Torsten Büssow (Photo: DNV GL)

Veritas Petroleum Services (VPS) and DNV GL signed a cooperation agreement to develop a new module for DNV GL’s ECO Insight fleet performance management solution at the Nor-Shipping trade fair. By tapping into the world’s largest fuel sampling database, this module will allow owners


Jotun to Update Performance Guarantees

The 17 National Standardization Bodies represented on ISO’s Marine Environment Protection Sub-committee (ISO-TC8-SC2) has voted in favor of circulating ISO 19030 parts 1 and 2 as Draft International Standards. In anticipation of final approval of the standard expected next year


Wärtsilä Selected to ESI Excellence Europe

Image from ESI Excellence Europe

  Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation to the recognition  Wärtsilä received from Forum Ethibel in September 2014


LNG, Oil tankers Diverted from Yemen

Aden Refinery temporarily suspends tender process to import; Gasoil shipment headed for Yemen diverted towards Singapore. SINGAPORE, April 9 (Reuters) - At least four oil and natural gas tankers that were headed to Yemen have been diverted as chaos mounts in the country after the launch of


NAO, Vard Push Back PSV Deliveries

Nordic American Offshore Ltd. (NAO) informs that it has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two platform supply vessel (PSV) newbuildings, originally scheduled to be delivered in mid-2015.   Under the new agreement


Nordic Yards Names Aly Managing Director

Dr.-Ing. Herbert Aly (Photo: Nordic Yards)

Dr.-Ing. Herbert Aly has been appointed as the new Chairman of the Board of Management of the Nordic Yards Group. He succeeds Dr. Vitaly Yusufov, who will preserve his links with the company as a member.   The appointment of Dr.-Ing. Aly strengthens the top management of the Nordic Yards


TMR Unit MarCom Integrates with MCP

Frode Støldal

Telenor Maritime Radio’s (TMR) business unit for the commercial maritime communications market, MarCom, integrates with Maritime Communications Partner (MCP).   The internal transfer in Telenor, effective from June 1, 2015, strengthens MCP with expert competence on maritime


Skangass Celebrates Topping Up

LNG terminal in Pori: NOK Skangass

 Nordic liquefied natural gas operator Skangass  has celebrated a topping out ceremony at its Pori LNG terminal. The company said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.  


Nordic American Offshore Declares Q1 Dividend

The board of directors at Nordic American Offshore Ltd. (NAO) has declared a dividend of $0.17 per common share for the first quarter 2015. The payment of dividend is expected to take place on or about May 28, 2015 to shareholders of record as of May 14, 2015, NAO said.


Imtech Management Quits as Turnaround Stalls

CEO, CFO to step down, new CEO from inside company. The CEO and finance chief of Dutch builder Imtech have resigned from the company, as a drop in sales and weaker profit margins showed plans to restore confidence following an accounting scandal were faltering.


Rolls-Royce Builds on Decade of Marine Research Collaboration

Photo: Rolls-Royce

Ten years ago, Rolls-Royce partnered with the Norwegian University of Science and Technology (NTNU) and the Marintek Research Centre to create a unique research centre in Norway. The partners have renewed their agreement in Trondheim, Norway


NAO Head: PSVs Ready for Mediterranean Rescue

Photo: Nordic American Offshore

Nordic American Offshore Ltd. executive chairman Herbjorn Hansson weighs in on Mediterranean Sea migrant crisis, stating his company’s PSVs are capable and ready to perform rescue operations, if contracted.   We are all too familiar with the tragedy that is unfolding in the


NOA Announces Share Repurchase Program

Photo: NAO

Nordic American Offshore Ltd. (NAO) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to 2.5 million of NAO's outstanding common stock over the next two years. The authorization is effective immediately






 
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