Marine Link
Friday, March 29, 2024
SUBSCRIBE

Deloitte News

26 Nov 2023

Seaspan Shipyards Contributes More Than $5.7 Billion to Canada’s GDP

Source: Seaspan Shipyards

Under the National Shipbuilding Strategy (NSS), Seaspan Shipyards has contributed more than $5.7 billion to Canada’s GDP through its shipbuilding and repair, refit, and maintenance activities and will contribute an additional $20.7 billion to Canada’s GDP through 2035, according to a recent socio-economic study conducted by Deloitte Canada. The report highlights the significant economic benefits of rebuilding the shipbuilding industry in Canada since the introduction of the NSS.In addition to the GDP contributions made by Seaspan over the last 12 years…

25 May 2023

Port of Rotterdam Names Siemons Interim CEO

Boudewijn Siemons (Photo: Port of Roterdam Authority)

Boudewijn Siemons will become interim CEO of the Port of Rotterdam Authority effective July 15, 2023, taking the reins from Allard Castelein, who is stepping down as CEO this summer after nearly a decade in the position.Siemons, who currently serves as the port's COO, will combine both positions until a new CEO has been appointed.In addition, Vivienne de Leeuw will stay on as CFO. Her term of office has been extended by four years.Miriam Maes, chair of the Supervisory Board, said, "The process of finding a new CEO is still in progress.

06 Dec 2021

Insurance Insights: WTW Launches Forum to Mitigate Growing Port, Terminal Risk

Copyright Freshidea/AdobeStock

Ports and terminal operators are entering a new era where the operational threats they face – both old and new – will make a return to ‘business as usual’ increasingly unlikely, even once the pandemic finally subsides.Transition to new technologies and digitally enabled systems, addressing the impact of climate change, defending against cyberattacks and shifting geopolitics will couple with traditional supply chain and operational risks to change the face of the sector.According to Global Port Trends 2030…

10 Nov 2021

TT Club Taps Blunsum as Chief Technology Officer

Kevin Blunsum (Photo: TT Club)

Freight and logistics insurer TT Club said it has appointed Kevin Blunsum as its first Chief Technology Officer.Blunsum is a highly experienced and well-respected member of the London-market insurance community. Over his 30-year career he has held a variety of positions engaged in insurance technology development and change management with Deloitte, EY, Accenture, and more recently with Aspen Insurance as Director of Business Transformation.Blunsum will be working closely with Lisa Gibbard…

18 Aug 2021

UK Regulator Asked to Sanction Carnival Over Climate Disclosures

© NAN / Adobe Stock

Britain’s markets regulator has been urged to sanction cruise ship company Carnival and food delivery company Just Eat Takeaway.com for poor disclosures in a complaint seen by Reuters.Both companies have breached their legal obligations by failing to adequately tell investors the risk climate change poses to their businesses, legal NGO ClientEarth said.While the Financial Conduct Authority has yet to sanction a company over its climate disclosures, the latest ClientEarth complaint…

08 Jun 2021

World’s First Large Containership Converted to LNG Propulsion

(Photo: Hapag-Lloyd)

The 15,000 TEU Brussels Express is the first large containership in the world to have been converted to liquefied natural gas (LNG) propulsion, German shipping company Hapag-Lloyd said on Monday, as operators look to LNG fuel to reduce their environmental footprint.In September 2020, the ship went into the Huarun Dadong Dockyard in Shanghai where the conversion was performed. MAN Energy Solutions converted the ship's MAN B&W 9S90ME-C engine, which was previously operated with heavy fuel oil (HFO)…

28 May 2021

Russia's First LNG Bunkering Ship Completes Sea Trials

(Photo: Gazprom Neft)

Russia’s first ship designed to run on liquefied natural gas (LNG) and fuel other vessels with LNG has completed its sea trials, energy firm Gazprom Neft reported on Friday.The Dmitry Mendeleev is expected to enter Gazprom Neft’s fleet in the second half of this year, the company said.“The next stage will be the testing of systems for loading, storing and discharging of LNG,” it said.The Dmitry Mendeleev is an Arc4 ice-class vessel which will be able to transport up to 5,800 cubic meters of LNG. It will operate in ports on the Gulf of Finland and the Baltic Sea, including St.

22 Mar 2021

Op/Ed: All Hands On Deck to Tackle Decarbonization Today

Q-LNG 4000, the first offshore LNG bunkering ATB in the U.S. (Photo: Shell)

Without action from the shipping sector to decarbonize, the sector will be responsible for approximately 17% of global CO2 emissions by 2050. And given the scale of the change required, we must address this now. Across the industry, many are wrestling with what steps to take to drive their decarbonization journeys.Last year, Shell and Deloitte published a joint report, Decarbonizing Shipping: All Hands on Deck, assessing the key factors affecting decarbonization of the shipping sector.

29 Sep 2020

Shell Outlines Plans for Decarbonized Shipping

© bravajulia / Adobe Stock

It will take well-defined goals and a mix of new green technologies to meet the International Maritime Organization's (IMO) target to achieve net-zero shipping emissions by 2050, oil major Shell said in a newly published report.In the report, Decarbonizing Shipping: Setting Shell’s Course, Shell highlights the role that hydrogen and fuel cells could play in achieving a decarbonized shipping sector. Calling for the IMO to adopt a clear trajectory to net-zero emissions by 2050,…

15 Sep 2020

Port of Los Angeles Imports Soar

© trekandphoto / Adobe Stock

Port of Los Angeles container volumes hit an all-time high in August, as importers restocked warehouses and retailers prepared for the upcoming holiday season, but officials warned that uncontrolled spread of COVID-19 remains an economic threat."The future of the economy really depends on the future of the pandemic, and the path of the virus right now continues to be the biggest uncertainty," said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation.Total volume at the busiest U.S.

02 Jun 2020

Enger Named CEO of Höegh Autoliners

Andreas Enger (Photo: Höegh Autoliners)

Andreas Enger will replace Thor Jørgen Guttormsen as CEO of Höegh Autoliners effective September 8, 2020.Enger has served as an advisor to Höegh Autoliners for more than a year and became CFO in September 2019.Prior to joining Höegh Autoliners, he was a partner at Deloitte, leading its Nordic strategy practice. Earlier in his career Enger was a partner at McKinsey & Co and subsequently held senior executive positions at Norske Skog, PGS and Peterson Packaging. He holds a MSc in Engineering Cybernetics from NTNU in Norway, and an MBA from INSEAD in France.

22 Jan 2020

Chembulk Tankers Announces Leadership Changes

Bart B. Kelleher has taken over as CEO of Chembulk Tankers (Photo: Chembulk Tankers)

Chembulk Tankers announced on Wednseday that Bart B. Kelleher has taken over as Chief Executive Officer for David Ellis, who has resigned for personal reasons. Ellis will be available to the company through January 31, 2020.Kelleher has held senior executive roles within Chembulk since joining the company in early 2016, initially as Chief Strategy Officer and then Chief Financial Officer in early 2019. Prior to joining Chembulk, Kelleher was the Chief Operating Officer for Principal Maritime Management and held roles in investment banking…

20 Oct 2019

Neptun Werft Lays Keel for AIDAcosma

The first building-block for AIDA Cruises’ second LNG-fueled cruise ship was put in place at the Neptun Werft shipyard in Rostock, Germany.The two trainees, Charleen Hoffmann (AIDA Cruises) and Kenny Schaft (Meyer Werft shipyard) placed the traditional lucky coin beneath the first of a total of 90 blocks.On the occasion of the keel-laying, the name of the new ship and its first routing were announced: the ship will be named AIDAcosma, and will be cruising from Kiel to the Norwegian fjords and the Baltic Sea from summer 2021.Together with the Managing Director of the Meyer Werft shipyard Tim Meyer and the head of the Neptun Werft shipyard in Rostock Manfred Ossevorth…

12 Aug 2019

UK Offshore Wind Attracts Investments

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market, it said.With natural advantages including a long coastline, high wind speed and areas of shallow seabed providing desirable conditions for the construction of large offshore wind farms, the UK is the world's leading offshore wind power market.There is 7.9 GW of offshore wind capacity in the UK already and the government has set an ambitious target of over 30 GW by 2030. Accounting for 14.7% of the total power generation, offshore wind power has seen substantial growth in the UK.

26 Mar 2019

Reabold Signs Rig Contract for West Newton Well

UK-based Reabold Resources said Rathlin Energy UK Ltd has signed a rig contract for the onshore UK West Newton appraisal well.The appraisal well at West Newton will have two objectives. The first objective is to appraise the Kirkham Abbey Formation gas discovery which has a 72 per cent. chance of success and an NPV of $185m.The second objective of the well is to test a deeper Cadeby Formation reef flank oil prospect, considered by Rathlin to have an NPV of $850m and a 24 per cent. chance of success.In line with Reabold's investment strategy, West Newton, in a success case, offers a fast pathway to monetisation through its proximity to existing gas pipelines and infrastructure.In 2017…

12 Nov 2018

GC Rieber Shipping Taps Ytredal as CEO

(Photo: GC Rieber Shipping)

Norwegian offshore shipping company GC Rieber Shipping announced acting chief executive officer Einar Ytredal has appointed to the CEO role on a permanent basis. At the same time, Øystein Kvåle was named new chief financial officer (CFO) and Christoffer Knudsen was promoted to chief commercial officer (CCO).Ytredal was appointed acting CEO in mid-September 2018. He has been with the company since 2007, first as vice president finance and then as CFO since September 2011. Before joining GC Rieber Shipping, Ytredal worked at Deloitte.

05 Sep 2018

OOCL Bags 2018 Singapore Environmental Achievement Award

Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or international companies and organizations with outstanding environmental performance in Asia, and this year, the regional scope has been expanded to welcome companies from Greater China, Japan, South Korea, and ASEAN countries to take part in the awards scheme.In the review and evaluation process, the SEAA Assessment Committee (AC) assigned both the SEC and Deloitte, an international auditing firm…

05 Aug 2018

New CEO Sketches Port of Newcastle Expansion Plans

The new CEO of the Port of Newcastle, Craig Carmody, committed the Port of Newcastle to developing a world-class container terminal to boost jobs and business opportunities in the Hunter region and dramatically reduce the number of trucks on Sydney's roads through expanded use of Newcastle's rail connectivity."The potential for a container terminal in Newcastle to diversify and grow the NSW economy is far bigger than the NSW government seems to realise. We are already exploring a range of options based on global best practice and I am looking forward to discussing our plans with the State government and port developers who have expressed an interest in this exciting project…

21 Mar 2018

Darling, Parker join Tidewater

Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience, most recently as Senior Vice President and Chief Human Resources Officer for Gulfmark Offshore, Inc., where he was the Human Resource Director since 2007. Prior to Gulfmark, he served in executive human resources roles with Rigdon Marine and a subsidiary of Ford Motor Company. Darling has additional offshore vessel industry experience as a Vessel Master and Operations Manager.

06 Sep 2017

Cautious optimism returns to North Sea – Deloitte

Reacting to the latest Oil and Gas UK Economic Report, to be published on Wednesday 6 September, Graham Hollis, Senior Partner for Deloitte in Aberdeen, said: “A cautious optimism has returned to the industry, as it weathers the storm of the past three years. “Nevertheless, challenges still remain for the North Sea and its recovery needs to be carefully fostered. The report shows there are a potential £40 billion worth of developments in companies’ business plans – it’s up to all of those involved in the industry to help these come to fruition, requiring a collaborative approach between government, the business community, the supply chain, and wider stakeholders. “The UKCS is vitally important to our economy and still supports more than 300,000 jobs.

30 Aug 2017

IoT & Changing Connectivity at Sea

(Image: iStock as supplied by Speedcast)

Whether it’s autonomous cars or connected houses, it seems like everywhere you look these days, internet of things (IoT) technology is a focus. Even in the conservative maritime world, IoT is currently a hot topic. Shifting supply chain solutions and business models are fundamentally changing the way that commercial shipping and the wider transport sector operates. IoT enables an organization to capture value from information, regardless of sector, and in essence forms a loop that creates a larger process. Deloitte conceptualized this process and named it the Information Value Loop in 2015.

30 Mar 2017

Valletta Declaration on EU Shipping Strategy

European Transport Ministers adopted Wednesday afternoon a ministerial declaration on maritime transport. The declaration outlines priorities for the EU's maritime transport policy, focusing on competitiveness, digitalisation and decarbonisation. The so-called 'Valletta Declaration' was agreed at the end of a two-day ministerial stakeholder conference organised by the Maltese Presidency of the EU. European Community Shipowners’ Associations (ECSA) President Niels Smedegaard congratulated the Maltese Presidency for the initiative and welcomed the Valletta Declaration as an important foundation to prepare the EU shipping strategy for the next decade.

28 Feb 2017

EU Shipping Needs Stronger Global Orientation -Study

Photo: Copenhagen Malmö Port

The EU has an overall competitive regime in place for fiscal and social measures as well as quality registers and a strong skills base. This combination supports the current status of the EU as an attractive location for shipping activities. To develop further growth in European shipping, the EU however needs to adapt this framework into a comprehensive, globally oriented shipping policy that aims to improve the EU’s competitiveness as a location for international shipping. That…