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.
Parker Kittiwake, the global provider of asset control and protection technology, has launched its newly updated DIGI TBN test kit. The digital, used-oil analysis kit now gives a rapid indication of total base number (TBN) depletion in scrape down cylinder lubricants with a BN range up to 100.
Commercial seaborne shipping is regulated by international, EU and national authorities and is subject to a number of commercially oriented constraints. The long history and large number of organizations associated with regulation has led to a high level of complexity in managing the development
Global marine and environmental risk assessor, RightShip, has been awarded the Australian Prime Ministers Exporter of the Year Award by the Hon. Tony Abbott MP at the 2013 Australian Export Awards in Melbourne. RightShip was established in 2001 to address the lack of accessible
NauticalManager from Jeppesen allows mariners to easily plan, generate and document routes using an ECDIS and onboard PC. It also makes it simple to create the reports required by port state control and class auditors for checking a vessel’s ECDIS compliance.
A naming ceremony was held for Atlantic Energy, the newest addition to marine lubricant provider Total Lubmarine’s fleet. The ceremony for the the newly-built vessel took place on November 18 at Posttrans B.V in Rotterdam, The Netherlands.
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
ExxonMobil Marine Fuels & Lubricants has launched Mobilgard 5100, a specially formulated cylinder oil designed to mitigate the effects of cold corrosion in new design two-stroke marine engines operating on heavy fuel oil. Mobilgard 5100 joins Mobilgard 560 VS and Mobilgard 570 as the latest
Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation (CCC), announced it has delivered more than 200 Hyde GUARDIAN Ballast Water Treatment (BWT) Systems and commissioned more than 100 for operation on a variety of vessels around the world, based on sales of more than 275 units
USS Antietam arrives on scene heralding the arrival of the 'George Washington' carrier strike force wth its immense capabilities, cruise ship operators Carnival Corp. pledge a million US$ and KVH grants free phone calls. Navy Capt. Tom Disy
Applied Weather Technology, Inc. (AWT), a provider of fleet optimization services and onboard voyage management software, today announced the latest version of its fully customizable fleet management system with the release of Fleet Decision Support System (FleetDSS) Version 2.0
The 170 million GT North P&I club has warned its members of the importance of being "above suspicion" when port authorities allege an oily water discharge due to the risk of multimillion dollar penalties. The warning comes in the latest issue of the club’s loss prevention
TT Club’s Senior Underwriter, Dan Negron, speaking at the recent TOC Americas Conference in Miami outlined his views on future Latin American trade growth and the pressures that this will create on the region’s transport infrastructure. Excerpts from his address follow:
The news this week that a longshoremen’s strike had effectively stopped cargo operations at the port of Baltimore, a major hub for foreign car imports into the U.S., underlines a new warning by The Strike Club. Strikes by stevedores continue to dominate the list of perils causing delays
One of the key hurdles to the increased global use of ships fuelled by Liquefied Natural Gas (LNG) is the lack of harmonization of bunkering operations. “DNV GL is therefore today launching a Recommended Practice for authorities, LNG bunker suppliers and ship operators which provides
A new three-year European Research Project, partly funded by the EU has been launched to help increase efficiencies in regulation compliance and enforcement for the maritime sector. e-Compliance will facilitate tighter integration and cooperation in the fragmented field of regulatory compliance