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.
Following discussions initiated by the Union of Greek Shipowners with RightShip and facilitated by Lloyds Register, Lloyd’s Register confirmed clarification of RightShip’s ship inspection and reporting procedures as follows: A dry cargo ship inspection will be carried out by RightShip inspectors either when recommended by RightShip or when requested by the ship operator. On completion of any inspection, the RightShip Ship Inspection Report, if listing any deficiencies
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.
Schettino's first visit aboard since 2012 shipwreck; Former captain accompanying investigators as defendant as new probe into unauthorized visit by Costa officials unfolds. The captain of the Costa Concordia, Francesco Schettino, went back on board on Thursday for the first time since the huge
Parker Kittiwake, the global provider of asset control and protection technology, has announced a breakthrough in onboard cold corrosion testing with their new portable test kit. In less than five minutes per test, Parker Kittiwake’s Cold Corrosion Test Kit monitors specific levels of
In a bid to improve bunker quality across the marine fuel supply chain, the International Bunker Industry Association (IBIA) informs that it has called on marine fuel suppliers to adopt the ISO 2010 specifications for bunkers. Despite having been introduced four years ago to improve bunker
In a bid to improve bunker quality across the marine fuel supply chain, the International Bunker Industry Association (IBIA) has called on marine fuel suppliers to adopt the ISO 2010 specifications for bunkers. Despite having been introduced four years ago to improve bunker standards
A cruise ship passenger has died and another was airlifted to hospital after the 22,000-tonne cruise ship 'Marco Polo' was hit by a freak wave in the English Channel during the recent storm. The cruise ship operators, Cruise & Maritime Voyages (CMV) confirm that after a freak wave hit
International classification society RINA has certified the power generators which Aggreko provides for temporary marine use. The certification provides ship owners with the assurance that the generators meet all applicable SOLAS rules for temporary use on board a ship.
The GUARDIAN brand of antipiracy barriers is restructured under a new company name. With immediate effect, GUARDIAN will now be provided by Guardian Maritime Limited. In taking their whole operation back in-house the original inventors and owners, David and Teresa Stevens
Container ship operators MOL has updated its KPI 'On Time Arrival Performance' quarterly results for October - December 2013 for the major trade lanes. MOL East-West Trades On Time Arrival Performance In Q4 2013, MOL vessels maintained 100% on-time performance in Asia-USWC
Moody's Investors Service said Prestige Cruises International, Inc. , the indirect parent company of Oceania Cruises, Inc. (Oceania - B3, positive) and Seven Seas Cruises S. DER.L. (Regent - B2, stable), filing yesterday to take the company public is a credit positive.
Maritime industry executives from around the world will convene in Stamford, Conn., Sept. 30 through Oct. 2, 2014 for SHIPPINGInsight 2014. Entering its third year, SHIPPINGInsight has become established as the premier maritime industry technical forum in North America addressing practical
Judging by the findings of Drewry Maritime Research’s latest 'Ship Operating Costs Annual Review and Forecast' , ship operators were able to keep increases in operating costs in 2013 quite low – with increases in total costs typically ranging between 1.0-2
Container ship operators APL says it is to move from the current geographically-organized structure to a functional one. The functions will be in the areas of Trade, Commercial, Operations, Procurement and Planning & Strategy. “The container shipping industry is undergoing profound
Naval Sea Systems Command (NAVSEA) and Southwest Regional Maintenance Center (SWRMC) divers recently completed the first full underwater waterjet seal and evaluation on a littoral combat ship (LCS), USS Fort Worth (LCS 3), the Navy announced, Jan. 2.
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
In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg. The government will grant 1,500 yuan ($247) per gross ton for shipping companies to replace obsolete ships