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Regulatory Environment

Improving Vessel Efficiency a Focus at GL North America Meeting

Germanischer Lloyd’s (GL) North American Committee, considered current topics & challenges to the shipping industry at its recent Texas meeting. The challenge of improving vessel efficiency heads the agenda of every ship owner and operator. With sailing speeds reduced across the board, fuel efficiency has become the biggest lever to increase cost competitiveness. Both regulatory agencies and the industry are developing mechanisms to improve efficiency and in 2013 the IMO’s EEDI and SEEMP regulations will enter into force, in an effort to spur innovation and reduce CO2 emissions. David Greening of Seaspan, one of the world’s largest independent containership companies, set out his firm’s response to the challenge of rising bunker prices and a tighter regulatory environment. Seaspan was investing in highly efficient designs for new vessels, while undertaking a system to improve operational energy use, including draft and trim optimization, and using vessel based monitoring to track KPIs. In a multi-tier market that differentiates between vessels based on their efficiency, improved energy use can result in significantly improved employment opportunities and earnings. One under utilised area in shipping to realise such gains is the implementation of software systems. Kristinn Aspelund, of GL partner firm Marorka, examined some of the systems available to owners and operators to boost efficiency and cut fuel use.


Voyager Distribution Network Expands

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Global Navigation Solutions announced that Voyager is now offered by all members of the Global Navigation Solutions maritime services group. Ship operators looking for the state-of-the-art route planning, intelligent data management and quality of compliance provided uniquely by this new digital chart management system can now obtain Voyager from any company within the Global Navigation Solutions group worldwide.


New MITAGS Course on Environmental Regs

The Maritime Institute of Technology and Graduate Studies (MITAGS) and Pacific Maritime Institure (PMI) announced their upcoming “Introduction to the Maritime Environment and EPA General Permit” Course. With the introduction of the Vessel General Permit the EPA has captured an estimated 70,000 additional regulated units that have previously been exempt from permitting requirements in U.S. waters. This new universe of permitees, while previously subject to many international


ABS Elects Tony Nassif as Executive Vice President

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In response to its continued global expansion, leading international classification society ABS has strengthened its executive leadership team with the election of Tony Nassif as Executive Vice President and Chief Operating Officer of the society. The election was made by the ABS Board of Directors at its meeting this week. Nassif moves to ABS from his position as President and CEO of the society’s wholly owned affiliate, ABS Group of Companies Inc.


Consolidation Likely as U.S. Oil and Gas Operators Grapple with New Regulation

New research reveals the impact of post-Macondo reform U.S. oil and gas professionals are losing their appetite for risk and are worried about rising operating costs, as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research published today by GL Noble Denton. Despite the new regulations, the vast majority believe that the U.S. will continue to be a leading investment destination


U.K. Shipping Minister Addresses Global Maritime Race

Shipping Minister Stephen Hammond

Shipping Minister Stephen Hammond MP has just returned from a Greek-British Shipping Forum where he addressed Greek businesses. Here he writes, exclusively for Maritime U.K., on the success of the event and the importance of Britain’s growing shipping industry. I was pleased to be invited to give the opening speech at the Greek-British Shipping Forum in Athens on Monday, alongside the Greek Maritime Minister Mr. Mousouroulis


Salazar Announces Regs to Strengthen Drilling Safety

The Department of the Interior announced on Sept. 30 two new rules that will help improve drilling safety by strengthening requirements for safety equipment, well control systems, and blowout prevention practices on offshore oil and gas operations, and improve workplace safety by reducing the risk of human error. “These new rules and the aggressive reform agenda we have undertaken are raising the bar for the oil and gas industry’s safety and environmental practices on the Outer


Drilling Moratorium Suspended with Higher Standards

On October 12, Secretary of the Interior Ken Salazar determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, including those that recently went into effect, and demonstrate the availability of adequate blowout containment resources. Secretary Salazar reached his decision after reviewing a report from Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEM) Director Michael R


Safety: It's All About Culture

We in the passenger vessel industry strongly believe in safety. We want our operations to be safe to ensure the well-being of our crew and passengers and the protection of our assets. We work hard to establish appropriate safety policies and programs and we train and drill crew to ensure that we are all aware of the need to be safe and to appropriately respond when an accident does occur.   But as we do these things


In Support of Affordable Energy

As its key mission, Waterways Council, Inc. (WCI) advocates for a modern and well-maintained system of inland waterways and ports. WCI’s top issues areas include the implementation of waterways’ improvement legislation in the recently enacted WRRDA; remembering Rivers (the Fourth “R”) among Rail, Roadways and Runways; improving the reliability of the waterways system and properly funding its Operations & Maintenance; assuring navigation reliability during times of


BHP Billiton Employees Awarded for Sustainability Initiatives

BHP Billiton announced the recipients of the Company’s Health, Safety, Environment and Community (HSEC) Awards for its employees at a ceremony in Melbourne. BHP Billiton’s HSEC Awards showcase innovative projects from across the Company that enhance commitment to health, safety


JPMorgan Hires Former Glencore Crude Trader

JPMorgan Chase & Co has hired Edwin Tay, formerly with Glencore, as a senior crude oil trader in Singapore, industry sources said on Wednesday. Tay starts with the U.S. bank in January, they said. JPMorgan declined comment. JPMorgan completed the sale of its multibillion-dollar physical


Mexican Regulators Clear Hapag-Lloyd, CSAV Deal

Mexican competition authority approves transaction with CSAV unconditionally; Next step for Hapag-Lloyd becoming number four in worldwide liner shipping Hapag-Lloyd announced the unconditional clearance under Mexican merger regulations for the planned integration of the container shipping


Environmental Groups: IMO Polar Code Too Weak

Photo: IMO

The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized the measures for not going far enough to protect the Arctic and Antarctic environments


Society for Gas as a Marine Fuel Launched

Photo: SGMF

The Society for Gas as a Marine Fuel (SGMF) was formally launched by Minister Lui Tuck Yew on Wednesday, October 15, 2014 in conjunction with the Singapore International Bunkering Conference and Exhibition (SIBCON) 2014. Approximately 1,600 delegates from more than 50 countries attended the


Equinox Class Scrubber Systems Receive Certification

Algoma Equinox in the Welland Canal (photo courtesy Algoma Central Corporation)

Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite approvals of its exhaust gas scrubbing systems installed on its Equinox Class of vessels.  


BMT Oceanica Wins APPEA Study

BMT Oceanica APPEA Study

  Marine and coastal environment specialist, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, has been awarded the Australian Petroleum Production & Exploration Association’s (APPEA) “Understanding the Risks of Unplanned Discharges” study.


Bear Head LNG Plans Initial Phase of 8 MTPA

Aerial View of the Bear Head LNG Project Site, Nova Scotia, Canada

Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment.


Hapag-Lloyd, CSAV Merger Approved in Brazil

Photo: Hapag-Lloyd

Hapag-Lloyd has received unconditional clearance under Brazilian merger regulations for the planned integration of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement


Senate Panel Ponders Expedited LNG Export Reviews

Senator John Hoeven

U.S. lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. The panel will weigh a bill introduced by Senator John Hoeven, Republican of North Dakota


Harvey Gulf Makes Software Investment

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Harvey Gulf International Marine recently deployed Advanced Logistics’ marine management system SAMM and preventative maintenance module Preventer on its fleet of marine transportation vessels. The software allows a vessel to generate operational reports onboard and transmit the data to


US Gives Final Approvals to Freeport for LNG Exports

Proposed liquefaction facilities (Image courtesy of Freeport LNG)

The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1


Cenovus to Develop Telephone Lake Oil Sands

Telephone Lake oil sands project

  Cenovus Energy Inc , Canada's No.2 independent oil producer, said on Friday it has received regulatory approval for its Telephone Lake oil sands project, a facility that could eventually produce more than 300,000 barrels of oil per day.


HHI Subsidiary to Shed POSCO Stake

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet. Hyundai Mipo, a shipbuilding affiliate of world's largest shipbuilder, Hyundai Heavy Industries


Petrojarl Knarr FPSO Earns AoC from PSA Norway

Petrojarl Knarr (Photo: Norsafe)

Teekay’s Petrojarl Knarr FPSO has received PSA Norway’s Acknowledgement of Compliance (AoC), and has now arrived the Knarr field in the North Sea. The AoC is a statement from the PSA expressing the authorities’ confidence that petroleum activity can be performed by the facility






 
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