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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.


Cargo Ferry Project Moves Transport from Road to Sea

M/S Kvitbjørn (Photo: DNV GL)

A new competitive and eco-friendly maritime transport concept, the Cargo Ferry project, was presented in Oslo today. The result of more than two years of work, the concept has been developed as an alternative transport solution for containers that are carried for more than 200km on land


African, Chinese Shipbuilders Form Partnership

Prasheen Maharaj (left), CEO of Southern Africa Shipyards, seals the deal with Ye Fengsheng of China Shipbuilding Trading Company. (Photo courtesy of SAS)

Southern African Shipyards (SAS) has entered into a Memorandum of Understanding (MOU) with China Shipbuilding Trading Company (CSTC), a subsidiary of China State Shipbuilding Corporation, in a union between the largest shipyard in Southern Africa and the largest shipbuilding group in the world.


ARENA opens $20 m R&D round for industry-partnered projects

ARENA CEO  Ivor Frischknecht

  The Australian Renewable Energy Agency (ARENA) today announced up to $20 million for a new research and development (R&D) round dedicated to industry-partnered projects that seek to develop and commercialise renewable energy technologies.


GTT Seeks to Industrialize its Mark V Tech

Gaztransport & Technigaz (GTT) informs it has signed a cooperation agreement with the South Korean shipbuilder Samsung Heavy Industries to industrialize its new Mark V technology, adding that a second agreement is also being finalized with Hyundai Heavy Industries.  


Gas Discovery at Pyxis-1

Gas Discovery at Pyxis-1

  Woodside advises that the Pyxis-1 exploration well in production licence WA-34-L has intersected approximately 18.5 metres of net gas within the Jurassic sandstone target. The well reached a total depth of 3347 metres. Wireline logging has confirmed the discovery through the recovery of


Maritime Training Five Years from Now: A Look Ahead

2-27-2015 9-41-20 AM WEB.jpg

For anyone involved in maritime training, now is an incredibly exciting time full of opportunity. More than ever before, there are new advanced techniques and technologies available that can significantly improve training outcomes and access to training, while keeping costs under control


Australian Reef Pilots Under New Ownership

Photo: ARP

Australian marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees.   ARP, which services shipping through the Great Barrier Reef, has been sold by the private Brisbane-based company Torres Industries to a group of ARP executives and reef pilots


Ship Salvage in the Presence of WWII Era Torpedo & Mines

What began as a typical grounding response quickly turned into anything but when the initial dive survey turned up a World War II era torpedo and unexploded mines around the vessel.

T&T Salvage continues to support shipowners with prompt, safe and cost-effective solutions to complex salvage, wreck removal, and anti-pollution challenges.  A comprehensive management team, with an average of 26 years in the industry


IMO Seeks Input on Ballast Water Management

Online surveys are part of IMO study which aims to provide a comprehensive review of the technical standards and approval testing procedures in the Guidelines for approval of ballast water management systems (G8). (Photo: IMO)

The International Maritime Organization (IMO) is inviting stakeholders involved in the testing, approval, fitting and operation of ballast water management systems (BWMS) to complete online surveys as a part of a study to assess the implementation of the BWMS approval guidelines and the


N.Sea Forties Echo Accident Investigation Ongoing

An investigation into the extent of any damage caused to the Forties Echo platform in the North Sea is still underway, a spokesman for operator Apache North Sea said on Tuesday.   The platform, which is in the British section of the North Sea, was struck by a supply vessel on Monday morning


Piracy in Asia at Five-Year Low

Image: Center for International Maritime Security

 According to Singapore-headquartered anti-piracy watchdog ReCAAP, compared to February figures of 2011-2014 period, the number of incidents reported in February 2015 is lowest among February stats of the five-year reporting period.  


Iranian Navy Claims as Forerunner of Fight against Maritime Terrorism

Irans New Home-Made Destroyer Damavand (Photo by Iranian Navy)

 Iranian Navy Commander Rear Admiral Habibollah Sayyari said that Iranian Navy is a “symbol of fight against maritime terrorism and establishing security”   He underscored his forces' high level of preparedness to push back any possible threat to the nation


SC Ports Report Cargo Volume Growth

Photo: SC Ports Authority

SC ports achieves second consecutive month of 18 percent volume growth; port education program builds understanding, awareness of maritime industry    February marked the second consecutive month of 18 percent container growth at the SC Ports Authority


Smooth Sailing for MSC with GE Marine On Board

MSC Preliminary Courtesy GE Marine

  When it comes to taking thousands of passengers on the luxury cruise of a lifetime, it’s reassuring to have a name like GE ensuring you a smooth and pleasant journey.  While MSC with its next generation ships may be setting off to conquer more distant waters


Collaboration Sought for Arctic Emergency Strategies

Photos courtesy of DNV GL

As offshore field developments in the North and Norwegian Seas face maturity, operators on the Norwegian Continental Shelf (NCS) are looking to the more remote areas of the Barents Sea for further development. Here harsher environmental conditions






 
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