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
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
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
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
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.
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.
In comments before the international Tradewinds Ship Owners Forum in New York City, Maritime Administrator Paul “Chip” Jaenichen highlighted the more than 42,700 jobs, $3.6 billion in labor income and $4.78 billion in GDP associated with employment for shipbuilding and repair in the
The SENER engineering and technology group has taken part in the SMM Hamburg maritime trade fair, one of the most prestigious international meetings in the sector, which is held every two years, on this occasion from September 5 to 9. SENER, staying loyal to a tradition of over 20 years
Ratification of the International Maritime Organization’s (IMO) Ballast Water Management (BWM) convention has been welcomed by stakeholders throughout the maritime industry, including CMR Group, which said it sees the move as a boost for system and equipment manufacturers.
The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history.
The new Ocean Signal E101V float-free EPIRB with integrated voyage data recorder (VDR) memory capsule is designed according to the latest VDR performance standards as a leading solution for commercial vessels of 3000+ gross tonnage. This is on display at the SMM, Hamburg, 6th to 9th September
Emsys Maritime Ltd., a UK-based maritime technology company, has announced the acquisition of the intellectual property rights for the Emsys emissions monitoring technology from W R Systems, Ltd. (WR) (Norfolk, VA USA) for an undisclosed amount
Canada’s Thordon Bearings has introduced a global service and support (GSS) service to assist ship owners, shipbuilders and repair yards with the installation, commissioning, maintenance and shaft/stern tube alignment services of the full range of oil and grease-free Thordon propeller shaft
ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector.
Smart sensor technology and the next level in integrated navigation system – this is what the German navigation system company Raytheon Anschütz showcases during SMM 2016 in Hall B6 at booth 304. “With Synapsis NX the Integrated Navigation System is advancing to the next level
Switching to more sustainable shipping has been made easier for ship owners and operators following the launch of Intersleek 1000, a new biocide-free fouling control coating developed by AkzoNobel’s Marine Coatings business. Offering fuel and CO2 savings of up to 6 percent*
Shell Marine has shared an insight into the approach driving its work to protect modern ultra-efficient diesel engines against cold corrosion while still optimizing cylinder oil feed rates, across the entire range of vessel operating conditions.
Euroseas Ltd., an owner and operator of dry bulk and container carrier vessels, has cancelled its order for an Ultramax dry bulk vessel under construction at Dayang yard due to excessive construction delays. The vessel, Hull Number DY 161
The Wind Propulsion Innovation Awards were created by the International Windship Association (IWSA) to honor the pioneers of technological innovation in wind propulsion striving to support the shipping industry to decarbonizes whilst maintaining commercial and operational performance
System integrator and innovator of electrical and automation systems RH Marine has officially launched its own product family brand at the international maritime trade fair SMM in Hamburg last week. RH Marine said product innovation is one of its main focusses
Australia on Monday reached a A$39.3 million ($29.66 million) out-of-court settlement with the owners of a Chinese coal carrier that ran aground in 2010 on the Great Barrier Reef. The settlement, dismissed by an environmental group as not enough