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Ship Owner

Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

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.”


Bio-Sea and Ocean Clean Organize Seminar

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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


Editorial: BWTS. Like it or Not, Here it Comes

Gregory R. Trauthwein  Associate Publisher & Editor

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


Greece Crisis Threatens Nigerian Ship Owners

Image: Nigeria Shipowners Association

 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’s Norway Integrated Ops Center

Photo courtesy of ABB

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


World First: Greek Ship Owner Awarded Carbon Credits

Carlos Soler, AkzoNobel’s Business Director for Southern and Eastern Europe (left) presenting 13,735 carbon credits to Costas Mitropoulos Neda Maritime Co Ltd’s Technical Director (Photo: AkzoNobel)

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


OW BUNKER Says Outsourcing Model Is Natural Evolution For Fuel Supply

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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


Korean Shipyard Launches PIL Container Ship

Kota Gaya: Photo credit Navgathi Marine

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


Impact of Financial Crisis on Greek Shipping

 Image: Reinventing Greece Media Project

 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.   


Hyundai Heavy Industries to Build 'Connected Smart Ships'

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.  


GulfNav, SeaQuest Tie Up in Ship Management

Photo: Gulf Navigation Holding PJSC

 Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region.  


The Top 10 Ships of 2016

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Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the world’s “Great Ships of the Year.” Of the 18 selected as “Great Ships of 2016,” here we rank the Top 10 Ships of 2016


Gaslog’s New LNGC to Feature Mark V Technology

 Following Samsung Heavy Industries’ (SHI) order announced last October 11, 2016, the new GTT's Mark V technology is confirmed as the technology to equip the new LNG carrier ordered by the European ship-owner Gaslog.   The vessel will be built at SHI's shipyard in Goeje Island


Asia Dry Bulk-Capesize Rates Firm as Weather Delays Weigh

File Image: a large bulk carrier underway (CREDIT: BSM)

Brazil-China rates climb to a 15-month high; about 80 capesize, panamax ships waiting to unload around Tianjin.   Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help


New Partnership for LNG Carrier Repair

Dr. Patrick Cheppe, CEO of Europe Technologies Group, and Wilfred de Gannes, Chairman & CEO of the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited, signe the MOU in Nantes, France on November 25, 2016. (Photo: SRDC)

On the November 25, 2016 Europe Technologies Group signed a Memorandum of Agreement with the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited in Nantes, France.   This Trinidad-based ship repair arrangement with the expert guidance of the Europe Technologies Group


Asia Dry Bulk-Capesize Rates to Slip Further

File Image: A laden bulk vessel underway (Cedit Norden)

Chartering activity falls as holidays loom; Rio Tinto offering rates 5.5 pct lower than index level. Freight rates for large capesize dry cargo ships on key Asian routes will slide further next week in a lacklustre chartering market ahead of Christmas, ship brokers said.


NSC-Group Chooses Marlink VSAT

Hamburg headquartered international ship operator NSC-Group has chosen Marlink to move its fleet of about 60 vessels to high bandwidth maritime VSAT. NSC-Group has chosen a 10GB data allowance per month per ship on Marlink’s Sealink VSAT


ELA Offshore Accommodation for OSV SeaMar Splendid

OSV SeaMar Splendid Photo ELA Container Offshore GmbH

ELA Container Offshore GmbH delivered an Offshore Living Quarter to Netherlands based SeaMar Services BV in Den Helder. The container was placed on board the Offshore Support Vessel ‘SeaMar Splendid’ and provided extra accommodation for subsea work in the North Sea


Zycraft Completes Longest Range Spares Delivery at Sea

Photo: Zycraft Pte Ltd

 Zycraft announced it had recently completed its longest range and fastest delivery of spares to a vessel in the Indian Ocean with one of its Shomari Long Range Vessels (LRV-17).   The Nimble Cheetah traveled a total distance of 980 nautical miles at 25 knots to deliver critical


Asia Dry Bulk-Capesize Rates to Firm on Tight Tonnage, Ample Cargo

File Image: a large bulk carrier underway (CREDIT: BSM)

Just handful of ships for Brazil loading in early January; coal, South African iron ore cargoes support rates.   Freight rates for large capesize dry cargo ships on key Asian routes could diverge with rates from Brazil to China nudging higher on a shortage of tonnage and those from


Future Care Launches New Website

 Future Care, Inc., a provider of global maritime medical management and cost containment services to the maritime community, has launched its new website www.futurecareinc.com.   The revised website showcases Future Care’s Caring for the Crew program


Oman Shipping Withdraws from Navig8 Pool

Photo: Navig8

 Navig8 Group (Navig8), the world's largest provider of maritime services,  has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have decided to internalize the commercial management of their VLCC fleet which had been hitherto in the VL8 pool.  


Alfa Laval PureBallast gets USCG Approval

Courtesy Alfa Laval

On 23 December, Alfa Laval received U.S. Coast Guard (USCG) type approval for the third generation of its ballast water treatment system, PureBallast. The approval allows ship owners who deballast in United States waters to make a confident choice of treatment technology.  


OceanSaver BWTS Earns USCG Approval

Image: OceanSaver

OceanSaver said it has received the final type approval certificate from U.S. Coast Guard as the first ballast water treatment system (BWTS) supplier utilizing electrochlorination. This means that a USCG type approved system is now available for medium and large vessels like LR1s


Great Ships of 2016: NYK Blue Jay

(Photo: NYK)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.” NYK Blue Jay - Propulsion “World First”






 
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