Bsi News

Hundested Propeller announced it has acquired Ocean Marine Systems Ltd (OMS) and with immediate effect welcomes the U.K. organization as a subsidiary.For over 100 years, Hundested Propeller has been a manufacturer of marine equipment and today it supplies complete controllable pitch propulsion systems, marine gearboxes, thrusters and sail drive solutions. The purchase of OMS will increase its thruster range, and OMS will continue its range of hydraulic cylinders and through-hull instrument deployment systems used in underwater security and seabed mapping applications.The former owners of OMS…

Berlin is reviewing its decision to allow China's Cosco to take a stake in one of logistics firm HHLA's three terminals at the Hamburg port, a spokesperson for the German economy ministry said on Wednesday.Responding to a question about the reported classification of Tollerort as critical infrastructure, the spokesperson said it was being determined whether and under what conditions Cosco would be allowed to take a stake in the terminal named Tollerort.The German cabinet gave Cosco the go-ahead to take a 24.9% stake in the port in October last year.German Chancellor Olaf Scholz gave the green

Hundested Propeller A/S announced it has appointed Henrik Hamann Juel as CEO with immediate effect.Hamann Juel brings a wealth of experience from his prior work within the manufacturing of marine generators, aquaculture and wind energy. His roles have included CEO, COO, factory manager in both medium-sized businesses and large international corporations.“I am looking forward to working with the team here at Hundested Propeller,” Hamann Juel said. “Towards the end of 2021 the company underwent a strategic restructure to further meet the needs of our customers…

Clandestine migration has been a problem for the transport sector across Europe for some time now. While more stringent border crossing checks have been imposed due to the current COVID-19 crisis, the risk to operators is not diminished. Furthermore, as the restrictions on movement begin to ease migration activity could be set to escalate warns international freight insurer TT Club.The smuggling of people has become a major issue in certain parts of the world. Political imperatives in target countries have led to stricter immigration restrictions and increased government action.

The dry bulk market for Supramax/Ultramax bulk carriers improved from the first to the second quarter 2019,  said Norway-based Belships.Measured by the BSI-58 index, earnings averaged USD 8 167 per day (net) – 7 per cent up from the previous quarter,  said the bulk ship operator and management company.The market reacted strongly as iron ore mines in Brazil started coming back into operation after the tailing dam accident in January. Despite continued turbulence and interference from ongoing trade wars and uncertainties in macroeconomic growth forecasts, the rates have increased significantly in the third quarter and is currently about USD 14 500 per day.At the end of 2018, 148 Supramax/Ultramax new-buildings were scheduled for delivery in 2019.

The leading NGO for the global cargo handling industry ICHCA will use its 65th anniversary conference in October to tackle risks to the cyber and physical security of the global cargo chain, said a press statement. Following the Petya attack in June, one of the biggest cyber-attacks ever experienced in global shipping which crippled A.P. Moller-Maersk’s computer systems worldwide for 5 days, the need to protect against both cyber and physical threats to critical maritime infrastructures has been topmost on the minds of many in the cargo handling industry. Responding to this, ICHCA International, the voice of global cargo handling, has picked issues surrounding security as one of five key areas for focused discussions at its 65th anniversary event which takes place in Las Palmas…

Vessel sales for April 2017 (as of May 1) as prepared by Shipping Intelligence, Inc., New York.

Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine has improved its service offering by obtaining third party accreditation to CE Mark structural steel and aluminium fabrications, and by signing a framework agreement with design firm Houlder. CE Marking has become mandatory for all construction products where the product is covered by a harmonised European standard (hEN). BS EN 1090 is one such harmonised standard which covers structural steel and aluminium fabrication. Since July 2014, products within the scope of this standard must be CE Marked. Companies producing structural steel or aluminium fabrications which are being sold in the UK or the wider European Economic Area are legally required to CE Mark the product.

Vessel sales for July 2016 (as of August 1) as prepared by Shipping Intelligence, Inc., New York.

Drybulk cargo shipper Genco Shipping & Trading Limited announced that it has taken delivery of a 64,000 dwt Ultramax newbuild vessel Baltic Scorpion. The Baltic Scorpion is the third of four Ultramax vessels to be delivered to the company under Baltic Trading's agreements with Yangfan Group Co., Ltd. The Baltic Scorpion is expected to be delivered to its charterer, Swissmarine Asia Pte. Ltd., on or about August 8, 2015 to commence a spot market-related time charter for 14 to 18.5 months. The rate for the spot market-related time charter will be based on 115.5 percent of the average of the daily rates of the Baltic Supramax Index (BSI), published by the Baltic Exchange, as reflected in daily reports.

Norway-based Golden Energy Offshore has entered into management contracts for two platform supply vessels (PSVs) under construction at Ulstein Verft for Blue Ship Invest (BSI). The PX121 designed vessels are due for delivery in the first quarter of 2015. According to the designer, a total of 30 vessels of the ULSTEIN PX121 design have been ordered by various ship owners for construction at shipyards around the world. “Golden Energy Offshore is a fully integrated ship owning company located in Ålesund…

For their strong commitment to leadership, strategic management, performance analysis and continuous improvement, Liebherr Mining Equipment Newport News Co. has been awarded the 2014 Award for Excellence by the Balanced Scorecard Institute (BSI). The entreprise has developed and deployed a comprehensive strategic planning and management system in order to affect company-wide transformation and change. As described by BSI, the award is based on the company’s executive leadership, strategy development and communication clarity, organization alignment to a shared vision of the future, strategic resource allocation, performance reporting and communication, breakthrough results and sustainability.

Neptune announce that it has been certified by Lloyd’s Register Quality Assurance (LRQA) to ISO PAS 28007. The PAS, as part of the ISO 28000 family of security standards, gives established guidelines to private maritime security companies (PMSC) providing armed guards to ships. Certification to the standards demonstrates to clients and stakeholders that Neptune Maritime Security and its operatives can legally, safely and effectively guard their people, assets and reputation having undergone a rigorous and internationally recognised process.

Newly-established offshore shipping company Nordic American Offshore (NAO) has agreed to acquire six platform supply vessels from Blue Ship Invest ( BSI ). The vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13. NAO has its source from the international tanker company Nordic American Tankers (NAT). Gunvor Ulstein, CEO, Ulstein Group, said, “We invested in these ships because we wanted to introduce new products with flexible and first-class innovative solutions to the market.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced that the MVs African Joy, African Glory and Asian Grace, owned though the company’s wholly owned subsidiary Maritime Capital Shipping Limited (MCS), have entered into new charter agreements with first class charterers. The MV African Joy, a 1996 built and 26,482 dwt handysize dry bulk carrier, entered into a time charter agreement for a period of eleven to thirteen months with a first class charterer at a gross charter rate of $14,000 per day. The charterer has the option to extend the charter for another eleven to thirteen months at the same rate. The vessel is expected to commence her charter by the end of October 2010.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced its operating results for the third quarter and nine months ended September 30, 2010. Dale Ploughman, the company’s Chief Executive Officer, stated: “The third quarter of 2010 was another important quarter in our development as we completed successfully the acquisition of the remaining 49% ownership interest in Maritime Capital Shipping Limited (“MCS”). In addition, on October 22, 2010 we completed the acquisition of the remaining 50% ownership interest in Bulk Energy Transport (Holdings) Limited (“BET”) and, as a result, we now own 100% of MCS and BET and their fleets.

Atlas Elektronik U.K. Ltd. (AEUK) confirmed that that their Cerberus Mod2 Diver Detection Sonar has now successfully completed its Factory Acceptance Testing (FAT) at their premises in the U.K. against a particularly comprehensive and demanding set of requirements set by the German Government. Of particular significance was the accreditation of a completely new design and build of a bespoke Power Supply and Processing Unit (PSPU) to the Mil-Std EMC and Environmental qualification standards set by the customer as well as the stringent German Information Security (BSI) testing which further complements the integrity of the AEUK design.

Bourbon's third-quarter revenues came to 246.8 million euros, up 3.1% compared with the same period in 2008 (-2.8% at constant exchange rates), due to satisfactory growth in the Offshore Division which offset a sharp decline in the Bulk Division. In the first nine months of the year, Bourbon posted revenue growth of 8.3%, the increase being stronger in the early months of the year, while revenues were virtually stable at constant exchange rates. The value of the dollar strengthened by 11% during the period, at 1.37 dollar/euro compared with 1.52 for the same period in 2008. The Offshore Division recorded satisfactory third-quarter growth of 16.6% (9.6% at constant exchange rates), with revenues totaling 207.6 million euros versus 178 million euros for the same period in 2008.

Commenting on Bourbon’s 2009 annual revenue results, Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon said: “With 71 new units coming into the fleet in 2009, annual revenues from Bourbon owned Offshore vessels alone saw growth of 27%, while the need for chartering was substantially reduced in a context of cost-cutting by the oil and gas companies. This trend, which was particularly marked at the end of last year, is likely to continue to influence activity in the early part of this year. Revenues for 2009 amounted to 960.5 million euros, up 3.1% compared with the previous year (down 1.6% at constant exchange rates).

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of Imperial Eagle, a Future-56 class, 56,000 dwt Supramax dry bulk vessel. The vessel has entered into a one-year time charter tied to the Baltic Supramax Index (BSI), ensuring Eagle participates directly in strong rates in the spot market while retaining the stability of a one-year charter. The Imperial Eagle represents the final of five newbuilds constructed under contract with IHI Marine United, Inc., a Japanese shipyards.

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon. rates. - The sharp decline in Bulk Division revenues, due to the change in charter rates. Excluding capital gains, gross operating income (EBITDA) reached €346.3 million for the year, i.e. an increase of 9.4% for the group. The EBITDA of the Offshore Division alone grew by €70.8 million i.e. plus 29.4%.

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon. rates. - The sharp decline in Bulk Division revenues, due to the change in charter rates. Excluding capital gains, gross operating income (EBITDA) reached €346.3 million for the year, i.e. an increase of 9.4% for the group. The EBITDA of the Offshore Division alone grew by €70.8 million i.e. plus 29.4%.

Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, has taken delivery of the Baltic Bear, a Capesize newbuilding, and the Baltic Jaguar, a 2009-built Supramax vessel. The Baltic Bear and the Baltic Jaguar are the third and fourth vessels, respectively, to be delivered to the company under agreements signed in February 2010 to acquire four 2009-built Supramax drybulk vessels from an unaffiliated third party as well as two Capesize newbuildings from another unaffiliated third party. The Baltic Bear was delivered to its charterer, Cargill International S.A., on May 16, 2010 to commence a spot market-related time charter for 11 to 13.5 months.