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Ship Supply News

20 Dec 2023

China’s First Domestically Built Cruise Ship Delivered

Adora Magic City, China’s first domestically built cruise ship (Photo: CSSC SWS)

The first large cruise ship ever to be built in China has been delivered, potentially leading the way for a new market player to rise within the global cruise shipbuilding industry.The 5,246-passenger Adora Magic City, built by China State Shipbuilding Corporation’s (CSSC) Shanghai Waigaoqiao Shipbuilding (SWS) based on Fincantieri' Vista-class design, will commence its maiden voyage from Shanghai in January 2024, operated by Asian cruise line Adora Cruises.The Chinese-built ship will service the domestic market with four-to-five day sailings…

17 Oct 2023

Sinwa Group to Acquire Francois Marine & Offshore

© Igor Groshev / Adobe Stock

Sinwa Group announced it has reached an agreement to acquire Francois Marine & Offshore from Northern Marine Group.Francois Marine & Offshore has Asian ship supply operations and infrastructure in Singapore, Hong Kong, Shanghai and Busan. The acquisition does not include the subsidiary Francois Marine B.V in Rotterdam, nor Francoise Offshore Catering.Thomas Zimmerhaeckel, Sinwa chairman and managing partner at Asean Strategic Partners, said, “The addition of Francois Marine & Offshore…

26 May 2023

CMA CGM Sees Profit Easing as Demand Wanes, New Ship Supply

© Tupungato / Adobe Stock

CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family, on Friday reported a first-quarter net profit of $2.0 billion, compared with $7.2 billion in the year-earlier period, and said in a statement it expects the first quarter to be its most profitable of 2023.CMA CGM is among shipping firms to have posted record profits last year, after the COVID-19 pandemic tri

17 Oct 2022

Survitec Names New CEO

Robert Steen Kledal  - Credit: Survitec

UK-based survival technology solutions provider Survitec has appointed Robert Steen Kledal as the company’s new Chief Executive Officer (CEO)."As CEO, Robert will be responsible for setting Survitec’s strategic direction. He will lead the Survitec Executive team and sit on the Survitec Board," Survitec said."At the start of the year, Survitec launched a new organizational structure designed to make Survitec an even better partner – increased levels of customer centricity and agility were the main focus.

20 Dec 2021

Offshore Wind Market Set to Accelerate in North America

The Newbuild Market: “Global SOV numbers in the next 10 to 15 years will be more than 60 vessels,” said Galinski, “and I think the U.S. will probably take just under a third of that, if all of the projects in the pipeline are realized. I estimate between four and six Jones Act installation vessels will need to be built in the U.S. to the end of the decade.” Photo by Twixter/AdobeStock

While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class.While Robert Galinski has served as DNV’s Offshore Wind Director, Americas, for just about one year, he is well-versed and long-tenured in the offshore wind sector in Europe and the U.S. for more than a decade, starting his career in offshore wind managing the fabrication…

05 Aug 2019

Baltic Index Nears One-Month Nadir

file Image: AdobeStock / © Leonid Eremeychuk

The Baltic Exchange's main sea freight index fell for a tenth straight session on Monday to its lowest in nearly a month as a combination of better ship supply and easing demand hurt vessel rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 14 points, or 0.8%, to 1,774 points, lowest since July 9. The index has, still, nearly tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China over the past few months.

02 Aug 2019

Ship Supply, Easing Demand Pull Down Baltic Index

© Image'in / Adobe Stock

The Baltic Exchange's main sea freight index fell for a ninth straight session on Friday to a three-week low, hurt by higher vessel supply and soft demand in the Atlantic and Pacific basins.* The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 24 points, or 1.3%, to 1,788 points, lowest since July 11. The index was lower for a second straight week, down 7.7%.* The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China over the past few months.* Activity…

01 Aug 2019

Baltic Index Falls as Ship Supply Weighs

© Gudellaphoto / Adobe Stock

The Baltic Exchange's main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and easing demand for shipping iron ore dragged down capesize rates, while soft South American orders hurt panamaxes.*The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 3%, or 56 points, to 1,812 points.* The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China over the past few months.* The capesize index fell 123 points…

11 Jul 2019

Wrist Ship Supply Acquires Van Hulle

Danish ship supplier Wrist Ship Supply acquires Belgian competitor Van Hulle in order to strengthen its position in Belgium and the Netherlands.According to a press release from the supplier of provision and stores to ships and offshore installations, while Van Hulle will continue operating as a stand-alone business unit, this enhances their market presence and service offering and marks yet another important step in the steady development of Wrist’s global network.With the acquisition of Van Hulle, Wrist Ship Supply now adds Belgium to its global footprint expanding its presence in the ARA market. Robert Kledal, CEO in Wrist, said:…

21 Jun 2019

NBS Maritime Rolls out New VSAT Service

NBS Maritime, the ship supply company that provides mobile satellite communications for the maritime sector, has announced  a new complete solution 'SeaDirect' for satellite communications with unlimited Internet connection onboard different types of vessels.Among the first NBS Maritime customers using SeaDirect are international shipping companies as well as superyachts, it said.SeaDirect is now available over the areas of the Mediterranean Sea, the North Sea, the Baltic Sea, the Norwegian Sea, the North-East Atlantic, the Gulf, the Caspian Sea, and the Black Sea, also it is offered with global coverage.The service is applicable for cargo ships and tankers as well as cruise ships…

14 May 2019

Anadarko Signs LNG Supply Deal with JERA, CPC

US hydrocarbon exploration company Anadarko has signed a Sale and Purchase Agreement (SPA) with Japanese power company JERA and Taiwanese oil and gas company CPC.The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per annum (MTPA) for a base term of 17 years from the commercial start date. Mozambique LNG's portfolio of long-term sales now includes four of the top five LNG importing markets in the world."This co-purchasing agreement with JERA and CPC brings together two prominent Asian foundation customers and will ensure a reliable supply of cleaner energy to meet the growing demands of both Japan and Taiwan," said Mitch Ingram…

10 May 2019

Wrist Expands Despite Tough 2018

Despite difficult markets Wrist Ship Supply was able to grow its business during 2018 and to consolidate its position as the world’s largest supplier of provisions and stores to ships and offshore locations, claimed the ship and offshore supplier of provisions and stores.Most shipping segments saw pressure on earnings, and the recovery in the oil and gas markets was limited during 2018. The customers’ demand for lower operating costs by strict budget control and shift towards lower priced goods continued.“As a trusted partner, we side with our customers in their pursuit of profitability, even more so in the present tough market conditions.

14 Dec 2018

Kairos Begins Operations in Northwest Europe

The world’s largest LNG bunker supply vessel “Kairos” has started operations in Northwest Europe on December 11th, 2018, said a press note from the Polish LNG Platform.Chartered by Blue LNG, a joint venture of the Hamburg based leading LNG supplier “Nauticor” with a 90% share and the Lithuanian energy infrastructure provider KN with a 10% share, the ship was handed over by the owner Babcock Schulte Energy in the port of Klaipeda.Mahinde Abeynaike, CEO of Nauticor, underlined the importance of achieving this important milestone: “With the handover of “Kairos” we are securing the supply of LNG as a marine fuel in the Baltic Sea on a large-scale basis.

04 Dec 2018

Rising Ship Supply Eases LNG Charter Rates

File Image: a fully laden LNG tanker transits the Med in this recent image. Credit: Robert Murphy

Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months.LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. Charter rates usually follow the price of LNG, which has fallen since September due to sluggish demand from Asian buyers.Rates have remained high for most of this year…

08 Dec 2016

Asia Dry Bulk-Capesize Rates Sliding as Overcapacity Weighs

Capesize rates 26-33 pct higher than a year ago, but could fall towards Chinese New Year. Freight rates for large capesize dry cargo ships on key Asian routes may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand, ship brokers said. With Christmas and New Year holidays looming, rates could drop for at least the next six weeks until after Chinese New Year at the end of January, brokers said. "Rates are likely to meander down until they find support from iron ore and fuel prices," a Singapore-based capesize broker said on Thursday. Rates from Western Australia to China could drift…

08 Feb 2017

Has the Asian LR Tanker Market Hit Bottom?

© Shimpei Fukui / Adobe Stock

The Long Range (LR) 2 tanker market in the East of Suez has been languishing in the doldrums for almost two weeks. LR2 rates on the AG/Japan route, basis 75 kt, nosedived from w120 at the beginning of January to current levels of w80. Earnings for a round voyage on the benchmark route are hovering around barely breakeven levels at $2,000/day. A slew of refinery outages which have lowered CPP exports as well as a pile up of prompt tonnage in the region have culminated in the perfect storm.

11 Apr 2017

Makin Island Concludes Hong Kong Visit

The amphibious assault ship USS Makin Island (LHD 8) departed Hong Kong April 11, following a scheduled port visit. The four-day visit allowed nearly 2,500 Sailors and Marines assigned to the ship and embarked 11th Marine Expeditionary Unit the opportunity to experience Hong Kong's culture and engage with the community. The ship hosted a reception for distinguished guests April 10, to recognize the prosperous partnership between the United States and the People's Republic of China and Special Administrative Region of Hong Kong. Distinguished visitors included Consul General of the United States to Hong Kong and Macau Kurt W. Tong and Senior Captain Fang Yuxin, deputy chief of staff of the People's Liberation Army Hong Kong Garrison.

29 Jun 2017

KOTC, GAC Fujairah in Husbandry Contract

GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of other logistical services to its vessels arriving in Fujairah, Khor Fakkan and Singapore anchorage. As part of global shipping, logistics and marine services provider GAC Group, GAC Fujairah worked in close cooperation with the Middle East Regional Office in Dubai and GAC Singapore to secure the deal. Under the contract, the GAC team is set to handle approximately 450 jobs a year, a figure which is likely to grow as the KOTC fleet expands. This is the third time GAC Fujairah is appointed by KOTC to provide husbandry services to its vessels.

30 Jul 2017

V.Group Appoints Ian El-Mokadem as CEO

UK-based ship management company V.Group announced the appointment of Ian El-Mokadem as Chief Executive Officer and Martin Gaard Christiansen as Chief Commercial Officer. Both will assume their positions in the autumn. Ian joins from Exova, the global provider of technically demanding testing, calibration and related advisory services, where he served as Chief Executive for the last six years. Ian was responsible for professionalising and growing the business, which operates in 33 countries, has a network of 4,200 experts across 138 laboratories, and is trusted by customers in industries such as aerospace, defence, and oil and gas to test and advise on safety, quality and performance of their products.

26 Jun 2016

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The ceremony forms part of ISWAN's celebrations in the Philippines for the IMO Day of the Seafarer. The awards were presented by IMO Secretary General Mr Kitack Lim to seven recipients who have provided exceptional services for the welfare and wellbeing of seafarers. The Welfare Personality of the Year Award is named after Dr Dierk Lindemann who sadly passed away on 17 March 2014. Dr Lindemann served as the Shipowner's Group spokesperson at the ILO and took a lead role in the adoption of the Maritime Labour Convention. Shipping Company of the Year: Masamichi Morooka - Chairman of ICS.

29 Sep 2017

NBS Maritime Rolls out New Ship Supply Firm in the Netherlands

Recently NBS Maritime B.V. commenced business operations in the Netherlands, becoming the first NBS office in Northwestern Europe as the company expands its regional reach to serve directly vessels at key ports in the region. NBS NL will cater for the growing customer base of the company in the area, covering the Netherlands, Belgium and Germany. Already amongst the leading ship suppliers in the Black Sea region, NBS Maritime has a network of offices in Turkey, Bulgaria, Romania, and a global ship supply unit – NBS Global. Located in Halsteren, NBS Maritime B.V. is positioned close to the busiest European hub – Rotterdam port. The strategic…

06 Sep 2016

New Global Brand for LNG Bunkering: Gas4Sea

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. In 2014, ENGIE, Mitsubishi Corporation and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe and cost-effective service to shipping customers worldwide. Through their experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.

03 Oct 2016

NBS Maritime Launches Wholesale for Ship Suppliers

NBS Maritime, one of the leading ship supply companies in the Black Sea region, launches wholesale of ship supply items, tailored to the needs of ship chandlers in the area. The company is importing directly from well selected producers and is maintaining a regular stock of a large range of products, frequently required by maritime users. He added:" This is where NBS Maritime will be of benefit for the ship supply businesses. NBS Maritime is specialized in providing a full range of services tailored to the specific needs of shipping businesses: ship supply and logistics, maritime communications solutions, and marine electronics service.

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