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.
HiLoad LNG AS, a subsidiary of Sevan Marine ASA, and Technip presented together this year the HiLoad LNG Parallel Loading System (PLS) at OTC. This system utilizes the HiLoad LNG unit for station keeping and Technip’s cryogenic flexible aerial pipes to transfer LNG from a FLNG unit (either a Sevan Marine Cylindrical unit or ship shaped FLNG) to a fully conventional LNGC with no modifications necessary. The combination of the HiLoad LNG unit and Technip’s cryogenic pipes
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.
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 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, 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
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 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
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 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
Weather Channel Forecasters are predicting a “near-average” hurricane season for 2016, but warn that an average season does not mean businesses and residents shouldn’t prepare for the worst. While it is unclear whether the season, which began June 1
British importers and exporters prefer direct mainline container services calling at their national ports and tend to dislike feeder services, says a Drewry report. Is there a risk that a politically isolated UK will no longer benefit from direct vessel calls
Being followed by an albatross is considered to bring good luck to mariners but the birds themselves aren’t always so lucky when trying to pick up a free feed from fishing boats. To better protect seabirds from fishing gear, AFMA has been working with the fishing industry to develop new
Alfa Laval is ready to help customers meet a global 0.5% sulphur fuel limit, no matter what the outcome of the MEPC70 meeting. The new Alfa Laval PureSOx Global is part of a major expansion of the PureSOx platform that will be released at SMM in Hamburg.
The Port of Port Elizabeth is home port of a third ship to be registered on the South African Ships Register. This marks another step in South Africa’s drive to become a recognized Maritime Nation in line with the government’s Operation Phakisa initiative which aims to unlock the
China said on Thursday it had issued a formal protest after Australia announced it would continue to exercise its right to freedom of navigation and overflight in the South China Sea following a court ruling against China's claims. The Permanent Court of Arbitration in The Hague concluded
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs). The outcome of the JIP, led by DNV GL, will be reduced complexity
The trade unions FNV and CNV Vakmensen, the Rotterdam container companies and the Port of Rotterdam Authority concluded consultations on employment in the container industry. The trade unions will present the outcome of the negotiations to their members with favourable advice
• A.P. Moller – Maersk A/S (Maersk) recently announced its undertaking of a strategic and structural review of its business set-up. • We understand that the disposal of one or several of Maersk's main business units could form part of the review's outcome
The 127,500dwt Solitaire has completed some of the most challenging projects in which heavy pipe has been laid in very deep waters. Originally built in Japan as a mini-Capesize bulk carrier, the Lloyd’s Register-classed vessel was converted to lay pipe in 1998
UK Chamber of Shipping statement on the outcome of the EU Referendum The UK Chamber of Shipping remained neutral on the question of the UK’s membership of the EU but we recognise the decision of the British people. The chamber has always argued that the shipping industry is resilient
Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.
Vittoria Shipyard has extended its horizons to the South American market; the Adria-based firm – an Italian builder of military, paramilitary, commercial, transport and working ships – has signed an agreement to work with SIMA Perú, a publicly-owned company that plans
The first ocean cleanup system ever tested at sea will soon be deployed for trials 23 kilometers (12 NM) off the Dutch coast. The goal of the test is to see how the floating barrier design is able to cope in extreme weather at sea during a 12-month period.
Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours