The chairman of Swedish international shipping operator Stena Line AB told press he can imagine selling the loss-making ferry group. However, said Dan Sten Olsson, "it has to be a serious buyer who is not just out to shop up the company." Stena Line - which also operates the English Channel with British shipping operator P&O under the P&O Stena Line company - posted a loss after financial items of $57.15 million for 1999. The group has cut costs to meet changes following the end of tax-free shopping in Europe. Olsson said he expected the loss-making group to break even in 2001. He said there were several buyers who may be interested in the Swedish group, one of the world's largest shipping operators.
Bulk shipping operator China Shipping Development is spending $87m on another two oil tankers to boost capacity. The new tankers, each with a capacity of 46,000 deadweight tons, are due for delivery between the fourth quarter of 2007 and the first quarter of 2009. Upon delivery, the shipping operator will control a fleet of 71 oil tankers with a combined carrying capacity of 3.5 million deadweight tonnes. The purchase of the two new vessels will be financed by bank borrowings
Lifeboat and davit manufacturer Schat-Harding has strengthened its support for cruise ship operators in the area by opening a service base in . The new offices, service base and workshops will be within the facilities of Worldwide Marine Services, the global ship technical support group, and Schat-Harding will train and authorize Worldwide Marine technicians to support its own service engineers. The base will provide quick reaction service and repair support to cruise ship operators and also
Classification society Bureau Veritas has strengthened its capacity to provide passenger ship operators with health and hygiene on board certification by acquiring Paris-based Aquarism, a specialist company dealing with the control of legionnaire and other viruses in water systems. Jean-Jacques Juenet, head of passenger ship services for BV, says, "Managing air and water contamination risks on board passenger ships is becoming both
ABB introduce several software 'Advisory Systems' for the marine market to help all types of ocean vessels dramatically reduce fuel consumption. These Advisory Systems include the latest versions of ABB’s energy management system for marine applications (EMMA) and Amarcon’s Octopus solution and ABB say that Integrated advanced software, electrical systems and Azipod® propulsion can help ship owners slash fuel consumption by up to 20%.
Globe Wireless has signed an Asset Purchase Agreement to acquire substantially all the assets of SeaWave & Rydex. The transaction is aimed to create a maritime communications end to end solutions, and provide a complete range of services to over 8,000 ships and over 500 ship operators. By combining the Globe Wireless network and total solution with the innovative technology of SeaWave and Rydex the business will provide customers with the complete choice of systems
Double Hull Tankers Inc. (DHT.N) filed with U.S. regulators to periodically sell up to $200m in common and preferred stock and debt securities, according to a Reuters report. The tanker ship operator said in a registration statement with the U.S. Securities and Exchange Commission that it will use the proceeds from the offering for general corporate purposes. The purposes may include vessel acquisitions, business acquisitions or other strategic alliances, reduction of outstanding borrowings
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI), an independent physical suppliers of marine fuel, is urging the International Standard Organization’s (ISO) working group which is currently reviewing changes to bunker fuel specifications, ISO 8217, to ensure there was a broad, cross-industry consensus for a fair and equitable revision to the Standard. Responding to recent claims that current recommendations ISO/DIS (Draft International Standard) 8217 were too lenient and in favour of
Ship operators and managers are benefitting from the administrative efficiency of a single payment system for port calls launched by Wilhelmsen Ships Service. A Float Account scheme operated by the company enables the ship operator to deposit a fixed amount with them to cover a month’s anticipated port calls. The sum is used to cover all the expenses of the operator’s vessels, wherever they call in the world.
The International Maritime Authority has proposed a worldwide ban on tri-butyl tin (TBT) based antifouling paints, starting in January 2003. Confirmation of these dates is expected at the IMO diplomatic conference this October. Although some ship operators have already converted to tin-free antifoulings, most ship operators are waiting until the ban is confirmed before they decide a policy on the use of tin-free antifoulings. This is due to cost and performance considerations
Nigeria currently loses about N80 billion (US$500-million) annually to foreign shipping operators due to Federal Government not enforcing ship chandlery laws. Citing Head of government and international matters of Nigerian Customs Licensed Ship Chandlers Association (NCLSCA), Dr
With chart and nautical publication management highlighted as one of the most common reasons for deficiency detentions by Port State Control (PSC), ship operators are calling for new and effective navigation solutions. The features of Thomas Gunn’s new Voyager 4 digital chart management
The International Chamber of Shipping (ICS) explained the serious economic challenges presently confronting shipping to 50 transport ministers. ICS explained its position on the financing of sustainable maritime transport at this year’s Organisation for Economic Co-operation and Development
Lloyd’s Register’s BoxMax service, and accompanying notations, aims to enable operators to load more cargo more flexiblyvby increasing and optimizing container stack weights, taking into account voyage (V) and weather (W) specific conditions.
Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time
The International Chamber of Shipping (ICS) has published its latest Annual Review of maritime policy and regulatory developments, in advance of its Annual General Meeting, which is being hosted by the Norwegian Shipowners’ Association in Oslo from June 5-7.
Poly Shield Technologies Inc. announced the launch of its DSOX-15 system. The system, with its new approach to sulfur removal, is expected to enable ship operators to efficiently and economically comply with the new 2015 emission regulations set to take effect in January 2015.
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (May 22-24), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS)
The International Chamber of Shipping (ICS) joins with International Transport Workers’ Federation (ITF) submit a complaint to IMO. The joint submission to the International Maritime Organization (IMO) comments on the apparent failure of some flag states to submit maritime casualty reports
Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, said it has named W&O Supply as its exclusive sales distributor in the U.S. and Canada for Hyde Guardian Ballast Water Treatment Systems (BWTS). The chemical free Hyde Guardian BWTS uses efficient filtration and
International accountant and shipping adviser Moore Stephens said shipping companies should explore leasing opportunities as a way of adjusting their self-owned and chartered-in tonnage balance in response to the radical changes that have taken place in ship financing in recent years.
German ship operator Hartmann Reederei chose Marlink to supply standardized Ku-band VSAT services to a diversified fleet of 74 vessels for an initial three-year duration. Hartmann Schiffahrts GmbH & Co. KG is headquartered in Leer, and encompasses the entire value-added chain of shipping
Shipowners and seafarers' unions joined forces to express concern at flag states’ failure to submit maritime casualty reports as required under international Conventions. The International Chamber of Shipping (ICS), which represents 80% of the world merchant fleet
Ecochlor, Inc. receives US Coast Guard Alternative Management System (AMS) acceptance for its full line of ballast water management systems (BWMS). AMS acceptancel allows ship operators to use an Ecochlor ballast water management system in US waters to effectively manage their ballast
Calgon Carbon Corporation announced that its Hyde Guardian Ballast Water Treatment System (BWTS), developed and manufactured by its wholly owned subsidiary, Hyde Marine, Inc., became one of the first BWTS to earn Alternate Management System (AMS) approval from the United States Coast Guard (USCG)