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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.


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


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


WCI Names Zea as Director

Tracy Zea (Photo: WCI)

Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4.  He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern, efficient, and reliable inland waterways transportation system.  Zea will also work to enhance WCI’s stakeholder relationship with the U.S. Army Corps of Engineers


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


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.


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


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


Carrnival Continues Cruise Talks with Cuba

(Photo: Carnival Corporation)

Carnival Corporation & plc said it is continuing discussions with Cuba to allow cruise ships to operate in the same manner as current air charter operations, which transport Cuba-born individuals to and from Cuba.   Fathom will begin sailing its 704-passenger Adonia luxury cruise ship


Damen Secures Ferry Orders in Canada

Image: Damen

In 2015 Collectivité de Saint Pierre et Miquelon launched a tender for two new Mixt Ferries to operate between the two Islands and Fortune, Canada. The same year the contract was awarded to the Damen Shipyards Group and, in January 2016, the Loan agreement with Rabobank was signed


FMC Chairman Seeks Direct Engagement on Container Weight Issue

File photo: Port of Los Angeles

Federal Maritime Commission (FMC) Chairman Mario Cordero issued a statement regarding the Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendments implementation, calling for negotiation between shippers and carriers.   "I applaud Chairman Hunter and Ranking Member Garamendi


Carnival to Sail to Cuba with All Travelers

Adonia (Photo courtesy of Fathom)

Carnival Corporation announced it will sail as planned from the U.S. to Cuba with all travelers, including Cuba-born passengers, for the company’s week-long voyages to Cuba.   Carnival worked with Cuba to allow its cruise ships to operate in a similar manner as current air charter


Fleet Xpress a Success in Challenging Antarctic

Ocean Nova on ice Photo Inmarsat

Inmarsat together with Global Marine Networks and Network Innovations, today announced the successful trial and subsequent commercial order for Fleet Xpress in Antarctic waters. Fleet Xpress, installed on board the adventure cruise ship Ocean Nova


Reducing Emissions From the Shipping Sector

Image: Ombros Consulting

 The EU is calling for a global approach to reducing greenhouse gas emissions from international shipping – a large and growing source of emissions.    As a first step, large ships using EU ports will be from 2018 required to report their verified annual emissions and other


Port of Melbourne Sale Soon

Photo: Port of Melbourne Corporation

 The Opposition Leader Matthew Guy says that critical laws to maximise the value of the lease of the Port of Melbourne are set to finally pass the state parliament this week, reports The Age.   The Coalition has used their numbers in the upper house to force a series of amendments to


Alaska Oil Spill Protection: Crowley Bid for Alyeska Deal Unsuccessful

Photo courtesy of Crowley Marine Services

Press Release: Crowley Marine Services will not be providing oil spill prevention and response services in Valdez and Prince William Sound when its contract expires June 30, 2018.  Crowley has provided marine services in Prince William Sound since 1990.


Prices Ease Though Argentine Demand Limits Losses

Argentina tenders for 19 cargoes. Asian spot prices for liquefied natural gas (LNG) eased under pressure from growing supplies though fresh demand from Argentina limited losses, traders said. LNG for May delivery in Asia eased to $4.50 per million British thermal units (mmBtu)


Damaged Bulker Refloated in the Columbia River

A pair of tugs support the 623-foot motor vessel Sparna under the Lewis and Clark Bridge while transiting to a pier in Kalama,Wash., March 23, 2016. A small boat crew from Coast Guard Station Portland also escorted the Sparna enforcing a 100-yard safety zone. (U.S. Coast Guard photo by Levi Read.)

A Unified Command consisting of the U.S. Coast Guard, operators of the motor vessel Sparna, Columbia River Pilots and the National Response Corporation Environmental Services oversaw the safe transit of the damaged motor vessel Sparna up the Columbia River to the North Kalama, Washington pier


Piracy Drives Toward Southeast Asia

Image by EUNAVFOR

 Dryad Maritime's COO, Ian Millen says that when looking at the volume of maritime crime and piracy events, the numbers drive you toward Southeast Asia.     With a 10% rise in 2015 incidents, when compared to 2014, the area leads the crime league table


RFP in Maritime Security Research

MSC conducts innovative research, develops new tools and technologies and provides relevant maritime security-focused educational programs to enhance our nations maritime domain awareness, the resiliency of our Marine Tra

The DHS Maritime Security Center (MSC), led by the Stevens Institute of Technology, announces a competitive research opportunity to address challenges in maritime cyber security. This effort invites qualified researchers to propose projects that will provide DHS stakeholders with innovative


SSI Urges IMO to Tackle GHG Emissions from Shipping

Image: Sustainable Shipping Initiative

 The Sustainable Shipping Initiative (SSI) has called on the International Maritime Organisation (IMO) to show its true intent to reduce Greenhouse Gas emissions from shipping at the forthcoming Marine Environmental Protection Committee meeting (MEPC 69), which begins on 18th April 2016


UK Shipping Sector Risks Sinking Fortunes if Brexit Prevails

Photo: Port of London Authority

If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn.  


TAS Offshore Sees Another Vessel Deal Axed

Photo: TAS Offshore Berhad

 Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV).    TAS Offshore’s wholly-owned subsidiary, TA Ventures






 
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