Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance. This strategic partnership will ensure the supply and delivery of LNG to ship owners utilizing CME’s Emissions Compliance Service Agreement (ECSA) to convert to cleaner fueling. The WesPac/CME integrated solution represents a significant step in the evolution of LNG as a marine fuel. The partnership is able to provide both the funding required for LNG conversion as well as the infrastructure for LNG supply and delivery. Conversion to LNG while financing the up- front investment provides the economic benefit of LNG fueling to ship owners without capital deployment, and ensures compliance with ECA regulations taking effect on January 1, 2015. Pace Ralli, CEO and Co-Founder of CME, explained: “The first question every ship owner asks is ‘Where will I get the LNG?’ because if they cannot ensure the future delivery of LNG then they will not see the investment payback. CME’s partnership with WesPac provides the answer to this question and greatly simplifies the decision to convert to clean, lower-cost LNG fuel.”
On August 2013, BIO-SEA, in cooperation with its German Partner Ocean Clean from the Kloska Group, organized a seminar on ballast water treatment systems, in Hamburg-Germany in which worldwide ship owners and engineering companies participated. The aim of the seminar was to raise awareness on the BIO-SEA BWT systems. It allowed the share of information and experience among the participants. Bio-Sea said its partner Ocean Clean will be able to provide German ship owners with turnkey
With age comes perspective, and in my 20 plus years reporting on this industry I have seen my fair share of regulation that has served to ‘raise the hackles’ of ship owners. It is quite simple really; new regulation often means new procedure, new design, new equipment and new costs. With the possible exception of the new rules in the wake of the Exxon Valdez which mandated double hulls on tankers, the Ballast Water Management System issue is the most acrimonious debate I have
Collaboration will help shipbuilding company offer built-in digital technologies to improve operational efficiency and decision making processes for ship owners Shipbuilder Hyundai Heavy Industries is collaborating with technology service provider Accenture to design a ‘connected smart ship’ that aims to enable ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies.
There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria. Recently, some ship owners Association has signed a Memorandum of Understanding MoU with Greek ship owners whereby 40 ships of various tonnages and class will be brought into Nigeria’s Coastal and Inland Shipping Cabotage trade on a bareboat charter arrangement.
ABB has unveiled a new Integrated Operations Center which allows ship owners to take greater control of their fleet from shore. From the center, situated in Billingstad in Norway, its expert engineers can connect to any vessel anywhere in the world which is fitted with ABB technology. Sensors and software onboard the ship send equipment and performance data via satellite link which allows ship owners, in collaboration with ABB’s experts
Outsourced relationships with ship owners/operators can drive further efficiencies within operations OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today stated that outsourcing fuel procurement is a natural evolution within the shipping industry as ship owners and operators look to maximise efficiencies and reduce costs within their operations. Speaking at the Bunkerworld 2011 Conference in Athens, Lars Henrik Hejlesen, Sales Development Manager
The first ship of four 2800TEU container ships, 'Kota Gaya', for Pacific International Lines (PIL) launched from Hyundai Mipo Dockyard, Ulsan, S.Korea. Navgathi Marine is providing the project management for the new-buildings for Pacific International Lines and Navgathi’s professional team is on site to manage the project. The Kota Gaya is of 222 m LOA, beam 30 m and a 12 m scantling draft. She is powered by Hyundai-MAN B&W 8L70MC-C8.1 engines of nominal rating 26,160 KW x 108
COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled for delivery in the first half of 2016. 2. Two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co
Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday. Greeks have said No to austerity terms imposed by international creditors, which could have led to the releasing a package of fresh financial aid which could help in the long battle to keep Greece afloat.
Veritas Petroleum Services (VPS) expressed reservations about some of the proposed revisions to the international ISO 8217 specifications of marine fuels. Areas of significance include proposed changes that may be unfavourable to ship owners and operators. Clause 5 General requirements
Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map. The security and risk mapping system RiskMap provides a new and unique way of viewing and categorising up-to-the-minute security
A new scheme by marine broadband solutions company Voyager IP aims to alter the way customers can keep track of their VSAT and IT support services. The Irish-based company has launched a points-based system where customers will be able to purchase service and support credits in advance
A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market. The two firms have joined to form “Choice Alliance” which will provide ship owners with -BWT
Reuters reports that China's growing military presence in the South China Sea has drawn warnings from the United States that Beijing is seeking to exert control over one of the world's most important sea lanes, but so far the shipping industry seems less concerned.
In line with its dry cargo strategy to focus on Panamax and Supramax vessels, Danish ship owner NORDEN has entered into an agreement to sell its last remaining Capesize vessel Nord-Energy (180,310 dwt. built in 2004). At the same time, the company has agreed to buy a Supramax vessel (58,000 dwt
The new CEO of Transas, Frank Coles, has vocalized his vision for the future of the global maritime technology for the first time since his appointment in late 2015. The Transas CEO has his sights set on the company delivering the technology and solutions needed for the integrated
Confusion surrounding the entry into force date of MEPC 227(64), the amended regulation governing ship wastewater discharge overboard requirements, could see some shipowners falling foul of the new rules. Mark Beavis, the Managing Director of ACO Marine, a supplier of MEPC
New DNV GL notations for water-lubricated tail shafts offers unlimited intervals between shaft withdrawals Two new tail shaft monitoring class notations from DNV GL offer ship owners and operators the possibility of unlimited intervals between tail shaft withdrawal surveys for
Dryad Maritime, the UK’s leading maritime intelligence and operations company has released its analysis of worldwide reported incidents of piracy and crime against mariners for 2015. Providing commentary on maritime piracy and crime around the world, the conflict in Yemen and Libya
Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
ALMACO Group has delivered the first of Norwegian Cruise Line’s Breakaway-Plus class ships, Norwegian Escape. The largest in Norwegian’s fleet, the ship was built at Meyer Werft and delivered on October 22, 2015. ALMACO’s scope for Norwegian Escape includes design
Norsafe has become the first lifeboat manufacturer to provide STCW and Norwegian Oil and Gas (NOROG) compliant training courses for seafarers. This means that the company is the only lifeboat manufacturer that offers production, servicing and certified training in the operation and maintenance
The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company, ISRAEL CORPORATION. Combined
Ignoring industry leaders and human rights and environmental organizations, ship owners continue to profit from dangerous and dirty shipbreaking practices on South Asian beaches in 2015, according to new data released today by the NGO Shipbreaking Platform.