Ernst News

A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.The 2023 Atlantic hurricane season has been another in a string with above average activity producing three major hurricanes with winds above 111 mph (179 kph) out of six hurricanes among 20 named tropical storms.So far this year, only one storm, Tropical Storm Harold, on Aug.

U.S. senators from both parties are readying legislation to help the federal government enforce oil sanctions on Iran, the office of Senator Joni Ernst, a Republican, told Reuters on Thursday.Ernst is spear-heading the bill slated for release on Monday to create a $150 million Iranian sanctions enforcement fund for the Department of Homeland Security Investigation (HSI) office, with a priority on Iranian petroleum sanctions. The bill will be co-led by Senator Richard Blumenthal…

A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston, about 50 miles (80 km) outside of Houston, since May 30, unable to unload because commercial agents fear any vessel that takes it will be shunned by customers.But on Sunday, the Liberia-flagged tanker MR Euphrates was lined up next to Suez Rajan to perform a ship-to-ship transfer and remove the crude oil, according to ship tracking data on Refinitiv Eikon.The U.S. Department of Justice…

U.S. lawmakers from both political parties have urged President Joe Biden and members of his administration to resolve a months-long delay in the transfer of a cargo of oil from a seized Iranian tanker off Texas.The Suez Rajan has been stuck near Galveston about 50 miles (80 km) from Houston since May 30, as shipping companies fear any vessel unloading it would lead other oil buyers to shun their ships on future voyages. The U.S. seized the tanker in a sanctions enforcement operation.The delay in discharging the cargo is also partly out of fear of repercussions from Iran. A senior commander of Iran's Revolutionary Guards' navy said last month Iran would retaliate against any oil company unloading Iranian oil from a seized tanker.Senators Joni Ernst…

After three successful years as joint partners of Baumarine by MaruKlav, the world's largest Panamax Pool, Marubeni will take a 25% stake of Klaveness Dry Bulk.The deal includes the operating arm Klaveness Chartering, the Baumarine Pool and Market Manager, a recently commercialized digital freight offering."The Torvald Klaveness group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleet, but also for Panamax owners in Baumarine by MaruKlav as a whole,” said Toru Okazaki, Chief Operating Officer, Aerospace & Ship Division of Marubeni Corporation.

The Singapore Maritime Foundation (SMF) has launched a Maritime Workforce Transformation Guidebook which offers a practical approach for companies in the maritime sector to embark on job redesign to better attract talent to the industry.The Guidebook is distilled from key findings of a job redesign pilot conducted in 2022 by SMF in partnership with Pacific Carriers Limited (PCL) Pacific International Lines (PIL). The pilot, which focused on the roles of a Technical Superintendent and a Vessel Operator…

As Iran's oil exports rise despite U.S. sanctions over its nuclear program, senators from both parties urged President Joe Biden to enable a federal government agency to seize Iranian oil and gas shipments.Senators Joni Ernst, a Republican, and Richard Blumenthal, a Democrat, said in a letter to Biden that the Department of Homeland Security's Homeland Security Investigations (HSI) office has not been able to seize an Iranian oil shipment for more than a year.HSI's enforcement has been curtailed by policy limitations within the Department of Treasury's Executive Office for Asset Forfeiture…

A joint venture between Eimskip and Ernst Russ AG has acquired a secondhand containership. Financial details of the transaction were not disclosed.The vessel, to be named Bakkafoss, was built in 2009 and has a slot capacity of 1,025 TEU.Scheduled for delivery in the second quarter of 2023, the vessel will be chartered out to Eimskip for a period of up to three years, serving the company's North American route.With this investment, the partners are expanding their portfolio of operated ships…

Work has started on site to build a new fourth berth at DP World's London Gateway smart logistics hub, the Dubai-owned ports giant announced on Monday.Scheduled to be completed in 2024, the £350 million project will lift London Gateway’s capacity by a third, giving it more room to handle the world’s largest vessels.DP World, which operates two U.S. deep water ports at London Gateway and Southampton, has invested £2 billion in Britain over the last decade.Ernst Schulze, UK Chief Executive of DP World…

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives, Guyana is putting its foot on the gas to exploit its vast oil reserves, even if that means sacrificing some longer-term gains.Already locked into contracts with oil firms that have been criticized for being too one-sided…

Norwegian shipping company Torvald Klaveness announced that Ernst Meyer, currently serving as chief operating officer and managing director of Klaveness Ship Management, will succeed Lasse Kristoffersen as president and CEO of Torvald Klaveness from April 1, 2022.“As chairman, I am very pleased to welcome Ernst as our new CEO. Ernst has a wealth of experience from leadership roles at DNV and Klaveness and has been an important contributor to our current strategy. The board of directors is delighted Ernst has accepted the position…

When Dutch boat captain and engineer Ernst-Jan de Groot applied to continue working in Britain after Brexit, he became ensnared in a bureaucratic nightmare because of an online glitch and says he is now likely to lose his job.Under new immigration rules coming into force, de Groot faces the prospect of losing the right to come to Britain to work unless he can successfully apply for a visa through a government website by the end of June.Following its departure from the European Union’s orbit at the end of December…

Following a three-vessel pilot project initiated in 2019, Klaveness Ship Management has opted to expand its contract with DNV GL's Veracity to sign up another eight vessels for the data platform service.The pilot saw Veracity partner with Arundo Analytics (Arundo) to install Arundo Edge Agent software onboard and stream data onto the Veracity data platform. On Veracity, the data is secured, stored, contextualized and combined with other data sources such as position data. This ‘fit-for-purpose’ data is then made available by Arundo and Klaveness for analytics…

The Ernst Russ Group has acquired a 700 TEU geared container ship in cooperation with a strategic partner.German-based company which manages a fleet of around 80 container, tanker and bulker ships as well as other vessels said that the successful acquisition of the vessel strengthens its strategic position in the market and further expands the Ernst Russ Group fleet.The 700 TEU container ship, MV ‘Skogafoss’ was built in 2007 and is in a good technical condition. It has been operating on the North-Atlantic shipping routes to date and will be delivered into a charter with the Icelandic liner company Eimskip.The value of the transaction will not be disclosed.

Singapore has launched its first Maritime Sustainability Reporting Guide to support local companies' sustainability development practices.The guide was jointly launched by the Maritime and Port Authority of Singapore (MPA), Singapore Exchange Limited (SGX), Global Compact Network Singapore (GCNS), Institute of Singapore Chartered Accountants (ISCA), and sustainability consultants from Ernst & Young LLP, KPMG and PwC Singapore.According to MPA, the Guide provides a practical framework, including best practices for creating a maritime sustainability report, for both listed and non-listed maritime companies.The need for the Guide was spurred by industry feedback on the growing need for sustainability reporting guidelines…

Reflecting its now dominant role in the international tug bulding market, Sanmar Shipyards in Turkey has taken the decision to significantly strengthen its team of executive directors with the appointment of two widely experienced men to bolster the existing board's range of experience and expertise. Although recruited independently, by some strange coincidence, the two new appointees first met as eleven year old boys. They had both been selected for a special training program…

Azerbaijan Caspian Shipping Company (ASCO) has hosted a meeting with the guests from the United States of America.The meeting was attended by Robert Sekuta, former US Ambassador Extraordinary and Plenipotentiary to Azerbaijan in 2015-2018, former Read Admiral Ron MacLaren, director of the US Joint Reserve Forces, and Afghan Niftiyev, Director of the Caspian Research Center.ASCO Chairman Rauf Veliyev informed the guests about crucial projects implemented in Azerbaijan for the development of the transport system in recent years. Thanks to the implemented projects, our country is rapidly becoming a major transit and logistics hub.During the meeting…

ABS and representatives from the Cargo Incident Notification System (CINS) form a joint industry project to develop best practices for carriage of dangerous goods. ABS and leaders representing the Cargo Incident Notification System (CINS) are teaming up to develop actionable recommendations to help mitigate risks posed from the stowage of dangerous goods on containerships.ABS has been working with CINS members over the past six months to develop best stowage strategy guidelines. Following a three-month trial, the best practice guidelines will be published on the CINS website www.cinsnet.com.

ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of classification and technical advisory services to the marine and offshore industries.“ABS is committed to the German market and we have relocated European management to Hamburg to further enhance our deep relationships with German ship owners. This long-standing relationship means the…

Marine support services provider V.Group has appointed Alison Henriksen to the position of chief financial officer, effective immediately. Henriksen takes over the position from Rod Day, who has served as interim chief financial officer since August 2017.In addition to her new role as CFO, Henriksen will serve as a member of V.Group’s board of directors, joining the group’s governing body which includes V.Group CEO Ian El-Mokadem and chairman John Pattullo.Henriksen joins V.Group from Compass Group PLC…

Hamburg-based provider of shipping services Peter Döhle and Ernst Russ are selling ship management company Hammonia Reederei  to  Scandinavian investors, Ness Risan and Partners (NRP), a Norwegian investment fund and former owners of Containerships Group, Finland.With the transaction, Ernst Russ follows its strategy and further focuses on activities in asset investment and asset management in shipping and real estate, said a release from Ernst Russ AG, a listed asset and investment management company in Germany with a focus on maritime business.Prospectively, Peter Döhle Schiffahrts-KG bundles the fleet’s technical management in-house…

Hamburg-based feeder operator Team Lines, which belongs to the Belgian Delphis Group,   will close down its business.The deteriorating market conditions in Northern Europe combined with the ongoing consolidation process in the maritime sector are said to be the reason why the Hamburg-based container feeder operator Team Lines Deutschland ceases its business operations from February 11, 2019.In a circular, the shipping company announced that In a circular, Team Lines Deutschland GmbH & Co. KG decided to discontinue all activities of Team Lines with effect from February 11th. The feeder shipping company also informed the customers and…

The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for CO2 capture technology.According to a press release from the quality assurance and risk management company, the new global advisory partnership will offer advisory and verification services at TCM`s facilities on the west coast of Norway and other worldwide carbon capture projects.Carbon capture and storage (CCS) is the only available technology for mitigating climate change in certain industries such as cement production and the use of oil and gas.“We have been working with both CCS and verification of new technologies for the energy sector for a long time.