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
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
Neda Maritime Agency, a Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business. A total of 13,375 carbon credits, potentially worth around $60,000, have been presented to Neda Maritime via the program. Launched in 2014, it is reported to be the first scheme of its kind that financially rewards ship owners for using sustainable hull
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.
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.
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
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.
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
Hanjin Paradip resume its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees. The vessel in 82
SRH Marine Electronics SA and SETEL PowerLine Ltd have entered a Reseller and Installation Partner Agreement. Through this cooperation SRH is able to offer a complete and holistic approach to e-Navigation concept through Setel PowerLine specializing in the design and
Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi. The repeat order is for a new ship design from Rolls-Royce developed specifically to support operations in shallow waters
ABB’s environmental friendly Azipod propulsion system brings greater fuel efficiency to diverse shipping segments ABB today announced the total fuel savings of the entire installed Azipod fleet since being launched is estimated to be more than 700,000 tons
Alfa Laval’s new PureNOx Prime solution for water treatment in Exhaust Gas Recirculation (EGR), will be part of EGR systems on five very large ethane carriers (VLECs) to be operated by United Ethane Carriers (UEC). This order from MAN Diesel & Turbo comes only a short time after
South Korea's largest shipping line Hanjin Shipping said bondholders agreed to extend the maturity of Won35.8bn ($30.1m) in debts by four months to September 23 this year, in a major step to help the company avoid bankruptcy. According to a report in the Korea Herald
Caribbean maritime leaders meet to discuss industry trends, challenges and opportunities Representatives from all aspects of the maritime shipping industry met in Cocoa Beach, Fla., May 16-18 for the Caribbean Shipping Associations’ (CSA) Shipping Executives Conference.
Following the Maersk Group's recent announcement of its long-term commitment to create more responsible recycling options in Alang, India an agreement has been reached for the landing of the first two vessels. Maersk Line is to deliver two of its containerships
OceanSaver informs it has finalized all testing required for the U.S. Coast Guard (USCG) type approval application of ballast water management systems. OceanSaver concluded testing along the Pacific coast of North America in close cooperation with ship owner CSL
Following the Maersk Group’s recent announcement of its long-term commitment to create more responsible recycling options in Alang, India, an agreement has been reached for the landing of the first two vessels. The Maersk Wyoming and the Maersk Georgia, two Maersk Line container vessels
Aiming to leverage the increased connectivity of the shipping industry, ABB has opened a second Integrated Operations Center in Helsinki, following the launch of similar facility in Billingstad, Norway in late 2015. The facility in Helsinki will serve the passenger
WE Tech Solutions (WE Tech), an energy efficiency solutions provider in the marine industry, has received an order to deliver its direct-drive permanent magnet shaft generator solution to two new 25,600 dwt dual-fueled handysize bulk carriers, with an option for two more.
Indian classification society IRClass has released its new technical software, IR-HULL, which evaluates strength and scantling compliance for seagoing steel ships. IRClass said it specifically developed IR-HULL to verify all aspects of ship design compliance to its established rules and
On April 5, China issued “Guidances on Arctic navigation in the Northwest route 2015”, which provides navigation information services for international navigation ships planned navigating in Arctic waters. The Northwest Passage
Gondan Shipyard announced that Østensjø Rederi AS has declared the option to build a second service operation vessel (SOV), a sister vessel to the one under construction at the shipbuilder’s facilities in Figueras. Both vessels will be chartered by Dong Energy AS for a period