Marine Link
Friday, October 21, 2016

NATO: Major Russian Naval Deployment Underway

Russian warships off the coast of Norway are carrying fighter bombers that will likely reinforce a final assault on the besieged Syrian city of Aleppo in two weeks, a senior NATO diplomat said on Wednesday citing Western intelligence. "They are deploying all of the Northern fleet and much of the Baltic fleet in the largest surface deployment since the end of the Cold War," the diplomat said on condition of anonymity. "This is not a friendly port call. In two weeks, we will see a crescendo of air attacks on Aleppo as part of Russia's strategy to declare victory there," the diplomat said. Reporting by Robin Emmott

Britain Says Will 'Man-mark' Passing Russian Warships

Britain said on Thursday it would keep a close eye on a fleet of Russian warships approaching British waters on their way to the eastern Mediterranean. The Norwegian military on Wednesday released pictures taken by surveillance aircraft of the fleet, which includes the aircraft carrier Admiral Kuznetsov and the Pyotr Velikiy battle cruiser, sailing in international waters. British defence minister Michael Fallon said the Royal Navy would be watching closely. "When these ships near our waters we will man-mark them every step of the way," Fallon said. Russia's TASS state news agency said in July that the Admiral Kuznetsov would take part in a Russian operation in Syria from October to January.

Nakilat Transitions LNG Fleet from Shell

(Photo: Nakilat)

Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL. Shell has provided a range of shipping services to Nakilat’s LNG fleet since it was established in 2006, including the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s Shipping & Maritime expertise. The vessels will be transitioned in three phases starting this year and shall be managed by Nakilat’s in-house ship management arm…

Eagle Bulk and Partners Receive SHIPPINGInsight Award

Photo: Eric Haun

The 2016 SHIPPINGInsight Award was presented to Eagle Bulk Shipping, and its technology partners Veson Nautical and Accuritas Global Solutions, at the SHIPPINGInsight 2016 Fleet Optimization Conference & Exhibition in Stamford, Conn. The award is presented annually to honor a shipping company and its technology partners for the successful implementation of an innovative technology or initiative that advanced the state of the art in fleet optimization. The award winners each received a binnacled captain’s clock in a polished wooden case as well as framed certificates.

Rolls-Royce Wins Deal to Power USN TAO

Rolls-Royce won a contract to supply diesel generators, propellers and shaft lines for the US Navy’s new fleet replenishment oiler ships, the John Lewis Class. Planned to total 17 ships, the new John Lewis class (previously known as TAO – X) will increase the US Navy’s capability to transfer fuel to its surface ships, in operations around the globe. For each ship, Rolls-Royce will supply two Kamewa 150A Controllable Pitch Propellers (CPP), while two Bergen B32:40xL8A generator sets will provide power to satisfy on board energy requirements. “We are extremely proud to have been chosen to supply mission critical power and propulsion equipment to the US Navy’s new fleet of replenishment oilers," said Don Roussinos, Rolls-Royce, President – Naval.

ASRY Woos Back Greek Major Owner

ASRY for the recent repair of ‘Cap Diamant’,   ASRY   Photo Cap-Diamant-web

ASRY has successfully brought one of the European tanker market’s biggest tanker fleet owners back to the yard. Euronav, the Greece-base owner, operator and manager of a fleet of 53 modern large tankers, chose ASRY for the recent repair of ‘Cap Diamant’, a  Suezmax tanker, which successfully completed the dry-docking in early September at ASRY. “Euronav is a leader in its field,” commented ASRY Ship Repair General Manager, Charles Maher, “so it was naturally very satisfying that…

Euronav Defers VLCC Resale Deliveries into 2017

Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. The vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately $97 million that was previously expected to be paid to the shipyard during the fourth quarter of 2016 is now expected to be paid in the first quarter of 2017. “It is, in fact, hard to understand why anyone would think of taking delivery of a ship in the last two to three months of the year given the importance that the vintage year has on the value of any ship.

Gas Carrier Fleet Nears a New Milestone

Graph: Clarksons Research

In the last two decades gas shipping sectors have been amongst the faster growing parts of the the world of global shipping industry, says Clarksons Research. This week’s Analysis takes a look at how shipping’s ‘coolest’ sector has grown in prominence to become part of the mainstream, and some of the ups and downs along the way. Gas (LNG and LPG) shipping may once have been considered by some as a relatively niche part of global shipping, with the fleet and trade volumes dwarfed by other sectors.

147 Vessels Sent to Shipbreaking

Photo: NGO Shipbreaking Platform

So far this year 147 vessels have been sent to the shipbreakers for their steel to be recycled, Telegraph reported quoting new data from Braemar ACM shows. A record number of container ships have been scrapped this year as owners battle a perfect storm of vast overcapacity and rock-bottom freight rates. The Telegraph report says that the scrapping spree has taken ships with the capacity to carry a total of 507,000 shipping containers – known as twenty-foot equivalent units or TEUs, the unit of measurement used in the industry – out of the global fleet.

UK’s Wight Shipyard to Build Two Fast Ferries

Photo: Wight Shipyard Co

The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017. Representing an investment worth over £6.3 million, the order will see the creation of 75 new jobs across the Isle of Wight and London, and the involvement of over 100 businesses in the South of England as part of the delivery supply chain.

Maersk Names Fourth Jack-up at DSME

Photo by Maersk

Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. "Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea," says a company press release. At the edge of the bustling Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea…

Oldendorff Acquires 8 Vessels

Babycape Photo Oldendorff

In the Babycape segment, Oldendorff's London office usually operates around 30 vessels in its global network of trades. The company informed that it likes to have some owned vessels in every segment in which it operates to ensure more reliable and flexible service. The Babycape vessels were purchased from companies managed by Hartmann Reederei (Leer) and Thomas Schulte (Hamburg), and join three other Babycapes in the Oldendorff fleet which were  bought in summer 2016. The 119…

Sea Trucks Wins IMR Work in West Africa

Jascon 55 (Photo: Sea Trucks Group)

Netherlands-based Sea Trucks Group (STG) said it has secured a contract award from an oil major in West Africa. STG was awarded an inspection, maintenance and repair contract for anoil major in West Africa with commencement during Q4 2016. Graeme Pennycook, Sea Trucks Group’s Managing Director, commented, “We are delighted that, in the present difficult market, Sea Trucks has been awarded this significant contract. This award demonstrates our ability to offer clients a tailored project solution based around the client’s requirement and utilization of our unique marine assets.

MSC Takes Trophy for Greenest Ship

Image: Mediterranean Shipping Company

Mediterranean Shipping Company (MSC) has been acknowledged for its environmental efforts, picking up the top award for Greenest Ship of the Year at the International Green Shipping Awards. Held this week as part of a summit event in Rotterdam, the awards applaud those in the maritime industry who have introduced successful sustainability practices within their core business. MSC was shortlisted alongside UASC, Marinvest and d’Amico Shipping Group. Chief Sustainable Development Officer Dirk Vande Velde attended the event to collect the award.

Can Shipping Keep Its Big Break Going?

Graph: Clarksons Research

In today’s conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, says Clarksons Research. However, there’s still some way to go to better times, so it’s worth taking a look at how today’s ‘big break’ might leave the future potential scrapping profile. Since the start of 2009, a total of 206.6m GT of shipping capacity has been sold for recycling, compared to an aggregate of 63.1m GT in the previous seven years.

Euronav Pushes Delivery of Two VLCCs at HHI

Photo Euronav

Euronav NV announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. Thanks to the excellent relationship that the Company enjoys with HHI, these vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately…

Hyundai Mulls Bid for Hanjin Assets, Routes

Photo: Hanjin Shipping

Hyundai Merchant Marine is considering bidding for its bigger local rival Hanjin Shipping Co.'s Asia-U.S. route, reports Yonhap. Hyundai Merchant, currently under a creditor-led debt restructuring scheme, is planning to submit a preliminary bid for Hanjin Shipping's route, seen as the most lucrative, and ships that are up for sale. Hanjin, the first major shipping line to be dragged down by global industry overcapacity and low freight rates, put up manpower and logistics systems, five container ships and 10 overseas businesses, for sale last week.

Rolls-Royce to Power New York's Newest Luxury Ferry

Photo: Rolls-Royce

Rolls-Royce has won a contract to supply power and propulsion to New York’s newest and largest high-speed luxury ferry. The catamaran, operated by New Jersey based Seastreak, will carry up to 600 passengers between Monmouth County, N.J. and Wall Street in less than 40 minutes at a top speed of 35 knots. Power comes from four high-speed MTU diesel engines type 12V 4000 M64 from Rolls-Royce. The engines will be EPA Tier III compliant and offer the lowest emissions on the market. The four engines will drive four Rolls-Royce Kamewa 63S4 waterjets, providing both reliability and redundancy.

Olympic Shipping to Get Finance

Photo: Olympic Shipping

The struggling Norwegian supply vessel shipping firm Olympic Shipping said a consortium of investors is willing to invest about 500 million Norwegian crowns ($61.79 million) in a refinancing of the company, reports Reuters. Olympic Shipping is one of the shipping companies that are struggling vigorously. Since summer, Olympic Shipping lived on creditors' grace under a so-called "standstill agreement". This means that the company has released to pay installments on their loans, anticipating that one tries to find a financial solution for the company.

Saudi Shipper Bahri Q3 Net Profit Falls

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 37.6 percent drop in third-quarter net profit on Monday. The company's net profit for the three months to Sept. 30 was 318.4 million riyals ($84.92 million), down from 510.3 million riyals in the same period a year earlier, it said in a bourse statement. Alistithmar Capital and Albilad Capital forecast the company would make a quarterly net profit of 391.6 million riyals and 525 million riyals respectively. Bahri, one of five Saudi stocks not open to direct purchase by foreign investors, attributed the profit decrease to a year-on-year decline in spot market shipping rates and lower profits from its Petredec affiliate. It did not elaborate.

Container Shipping Market has Bottomed Out

Photo: CMA CGM

Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year. But Drewry still expects container carriers to record a collective operating loss of $5 billion this year.

Transas CEO Calls for Big Data Standardization

Frank Coles (Photo: Transas)

Frank Coles, Transas CEO, has delivered a keynote speech calling for the International Maritime Organization (IMO) to set standards of compliance for the communication connections between ship and shore or else create a significant cyber security risk. The speech on Connected Ships & Cybersecurity was delivered at the Shipping Insight Fleet Optimization Conference which took place in Stamford, CT. on October 18-19. Cybersecurity is without a doubt a highly-debated topic in the maritime industry.

Hapag-Lloyd Invests in its Reefer Fleet

Photo: Hapag-Lloyd

Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1,000 of the new containers are equipped with “controlled atmosphere” technology, which allows various types of fruits and vegetables to be transported for longer periods of time while maintaining a consistent quality. In addition to temperature-sensitive goods – such as fruits…

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

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