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Report on MOL Comfort Incident is out

MOL Comfort

  In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions, to carry out the following course of action: (1) Investigate the possibility of casualty occurrence (2) Consider and examine safety of large container ship structure The findings and outcomes of the panel have been consolidated into a report, which is available to download in both English and Japanese via the website below: http://www.classnk.or.jp/hp/en/hp_news.aspx?id=1100&type=press_release&layout=1 For all inquiries regarding the report, please fill out an Enquiry Form via the website above. Answers to these inquiries will also be regularly updated as Q&As on the ClassNK website. ClassNK has scheduled an immediate Explanatory Meeting with IACS members to explain the report and to share the findings and outcomes among the IACS members. ClassNK will continue to work towards the safety of the large container ships including improvement of the relevant Rules, Guidance  and Guidelines.  


Osprey Maritime Gets Extension

Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities were originally repayable on July 20, 1999. The outlook for Osprey, which has a total debt of $813.7 million as of June 30, 1999, hinged on the outcome of its talks with bankers to extend its short term loans. The debt was incurred following its multi-million acquisition of Gotass Larsen Shipping Corp in 1997.


Kidnapped Bourbon Crew Released

Bourbon announces that its 10 crew members kidnapped in Cameroon on 31st October on board the Bourbon Sagitta were released on Nov. 11. They are now safe in Yaoundé. After medical check-ups, all of them appear to be in good health. Bourbon wishes to thank everyone who has contributed to the successful outcome of this affair for their support and efforts, and in particular the local Cameroonian authorities, as well as the French Ministry for Foreign and European Affairs.


Navios Apollon Released from Captivity

Navios Maritime Partners L.P. announced that the Navios Apollon and her crew were released on Feb. 27 2010. Navios Partners reported that the Captain and crew are healthy and will be reunited with their families shortly. Navios Partners thanks the Captain, the crew and their families for their fortitude through this trying ordeal. Many assisted the company in achieving this outcome. Navios wanted to recognize the special efforts of the Chinese Embassy in Greece, and the Ambassador personally


Safe Bulkers Time Charter for Panamax Vessel

Safe Bulkers, Inc. (NYSE: SB) announced that it has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months, with a forward delivery date in second quarter of 2011, at a gross daily charter rate of $20,250, less 3.5% total commissions. Dr. Loukas Barmparis, President of the company, said: “The new three-year time charter, which has a higher rate compared to the vessel’s current rate


Repairs Complete on Damaged Akaylar II

The Turkey-flag container ship Akaylar II has left Desan Shipyard, Tuzla, Turkey, after repairs were completed on the collision damaged vessel, Reuters reported. Akaylar II was towed to Tuzla from Buyukdere, where it had initially been towed following a collision around the entrance to the Bosphorus straits. The 4,263-dwt Akaylar II was leaving the straits for the Black Sea when it was involved in a collision with the southbound 8,971-dwt Cambodia-flag Med Glory, which was badly damaged.


BP-Amoco and ARCO in $26.8 Billion Deal

BP Amoco confirmed, following a successful outcome to talks between the two companies, it has reached agreement to combine with the Atlantic Richfield Company (ARCO) of Los Angeles. The all-share transaction, approved by the boards of both companies, will involve the exchange of 0.82 BP Amoco American Depositary Shares (ADS) for each ARCO share. The deal will substantially boost BP Amoco's reserves and production, giving it the largest oil output of any non-state company


Fergusons Shipbuilders Takeover: Preferred Bidder

Scots flag: File image

The Scottish Government informs that KPMG has announced that Clyde Blowers Capital is to be the preferred bidder for the group’s business and its assets. First Minister Alex Salmond said:
 “I am delighted that Clyde Blowers Capital has been named the preferred bidder for the Fergusons yard. Jim McColl’s company is one of Scotland’s greatest job creators, and I will be meeting with the company


EDHEC-Risk Institute Welcomes Eight New Members

EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry


EU Regulation on CO2 Reporting a Setback for ICS Efforts

ICS Secretary General, Peter Hinchliffe

  The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed and concerned that the European Union is about to pre-empt negotiations taking place at the International Maritime Organization (IMO) on the collection of data on CO2 emissions from ships, by unilaterally adopting a regional Regulation which will apply to non-EU flag vessels, as well as ships registered in the EU.


EC Study on LNG as Shipping Fuel Reveals Industry Backing

LNG carrier LNG Pioneer. By MOL

 As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge.     The study on the perception of the risks and opportunities of LNG as a shipping fuel is presented by the European Commission.  


Driving Operational Change with Data-driven Analytics

Photo: Eniram

Reducing costs and improving performance   Real-time reporting and data analysis are key tools to understanding and improving complex operating environments of today’s companies where the overall effects of any individual action can be very difficult to identify without a proper tool


Desperate Times for US Coal Mean Desperate Port Proposals

Photo: IEEFA

It’s a spectacularly atrocious time for U.S. coal companies. Demand for coal domestically is not what it was—and likely never will be—so producers have cast their gaze abroad, where they hope Asian markets respond as domestic ones fail


Irving Shipyard Offers College, Job Opportunities for Women

From left to right: Doreen Parsons, Manager of the Women Unlimited Association; Don Bureaux, Nova Scotia Community College President; Kevin McCoy, President of Irving Shipbuilding; Kelly Regan, Minister of Labour and Advanced Education; Koren Beaman, Halifax Shipyard Local 1 Executive (CNW Group/J.D. Irving, Limited)

Irving Shipbuilding's partnership with Women Unlimited provides community college funding and job opportunities at Halifax Shipyard   Irving Shipbuilding has partnered with Women Unlimited to provide education funding and job opportunities to 20 women who will participate in the welding and


EU to Support Studies on Upgrading the Port of Hamburg

Photo courtesy of Port of Hamburg

The EU's TEN-T Program will invest over $767,000 in a study on introducing an intelligent traffic management system in the port of Hamburg in Germany. The study is to contribute to an optimized use of the port's infrastructure, reduced traffic-related pollution


31 ARENA Projects Completed

image

  ARENA has invested $1 billion in more than 230 projects, fellowships and scholarships that are paving the way for a more diverse energy future for Australia. Thirty one of these projects have now been completed, with many more scheduled to reach key milestones and/or completion in 2015


Danish Port Gets EU Funding for LNG Bunkering

Image: Port of Hirtshals in Denmark

Port of Hirtshals in Denmark will receive over EUR1 million a pilot construction of the first liquefied natural gas (LNG) tank and bunker, co-financed by EU’s TEN-T Program.  The pilot project will see construction of a 500 cubic meter LNG storage tank and bunkering facility


Bayonne Drydock Logs Successful '14

Mike Cranston, President of BDD

Bayonne Drydock kicked off last year with the repair and drydocking of the U.S. Navy Ship, Pomeroy followed by the successful drydocking and repairs of the USNS Watkins. It closed the year with the completion of the USNS Seay; all were completed on time


Containers Profit Up Thanks to Low Slot Cost

Image courtesy: Maersk

In spite of record vessel deliveries the container shipping profitability is expected to improve in 2015, driven by lower unit costs. The global fleet is expected to grow 7.2% in 2015, a faster pace than demand which is forecast to expand at a more modest 5.3%.   


MLS: eLearning Re-thought

“Our biggest contribution to date is adaptive learning which makes vessel familiarization standardized, rigorous, measurable and efficient.”  Murray Goldberg CEO

Marine Learning Systems, an eLearning software and services provider, delivers interactive, customized maritime training with a key focus on safety and performance improvement. Company founder and CEO Murray Goldberg explains.  “Creating technologies that improve training


Charleston Harbor to Be Deepened

SC Ports Authority, Lowcountry Open Land Trust, Coastal Conservation League and Southern Environmental Law Center Announce Milestone Agreement for Harbor Deepening  Collaboration benefits land conservation efforts along Cooper River Corridor   


Kvaerner, Longview Power Reaches Settlement

  Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning the Longview Project and the subsequent


WTO is 20

WTO Director-General Roberto Azevêdo

  20 years ago, on 1 January 1995, the WTO opened its doors for business. Since then this organization, and the system of transparent, multilaterally-agreed rules that it embodies, has made a major contribution to the strength and stability of the global economy


ClassNK Amends Rules for Steel Ships

Classification society ClassNK has amended its rules and guidance for the survey and construction of steel ships.   ClassNK said it regularly revises and amends its rules and guidance as part of its ongoing efforts to improve the safety of life and property at sea


Low Sulphur Fuel Requirements from 1 Jan

​​Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2015,

Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2015, against the limit of 1.00% in effect up until 31 December 2014. The stricter rules come into effect under the International Convention for the






 
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