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29 Nov 2023

SAR Officer Caleb Halle Receives 2023 IMO Bravery Award

Caleb Halle courtesy of the IMO.

The 2023 IMO Award for Exceptional Bravery at Sea has been presented to Caleb Halle, Aviation Survival Technician Second Class (AST2) of the United States Coast Guard (USCG). He was recognized for the outstanding courage, endurance and determination he showed during the rescue of the seven-strong crew of the tugboat Legacy in January 2023.AST2 Halle, based at the Coast Guard Air Station Atlantic City, received the award at the annual IMO Awards Ceremony in London. The ceremony…

27 Apr 2021

Saudi Arabia Says it Foiled Vessel Attack off Yanbu

© leo morgen / Adobe Stock

Saudi Arabia said on Tuesday it had intercepted an explosive-laden boat off the Red Sea port of Yanbu after maritime security firms cited "unconfirmed reports" of an attack on a vessel in the area.A Saudi defense ministry statement on state media did not say whether there had been any damage as a result of the operation by the Saudi navy to intercept and destroy the remote-controlled boat.Security firm Dryad Global had earlier said it received "unconfirmed reports" that a vessel…

27 Apr 2021

Bahri CEO Says None of Its Vessels Attacked off Saudi Arabia

Abdullah Aldubaikhi (Photo: Bahri)

The chief executive of Saudi Arabia's Bahri said none of the firm's vessels have come under attack after a maritime security group cited unconfirmed reports of an assault off the Saudi Red Sea port of Yanbu."None of our vessels have been attacked," Abdullah Aldubaikhi, CEO of National Shipping Company of Saudi Arabia (Bahri), told Reuters by telephone.He said no vessel had been involved in any incident.Dryad Global said earlier it is receiving "unconfirmed reports" that a vessel, possibly the NCC Dammam oil tanker, which is owned by a Bahri unit, has been attacked off Yanbu.(Reporting by Ghaid

11 Apr 2021

Shipbuilding: Is there a different future for ship repair and conversion?

© Photocreo Bednarek/AdobeStock

There is an old adage that states that a repair yard can economically build new ships, but a new construction yard should never touch ship repair jobs. In my experience there is a lot of truth to that statement, and it does not mean that new construction yards are run by less capable people; it simply means that ship construction and ship repair and conversion are fundamentally different business models. Ship construction uses a script, while ship repair and conversion is improvisation. I will not drive the theater comparison completely home, but it has some validity.

26 May 2020

Eye on Design: A Titanium USS Enterprise (NCC-1701 that is)

Revenue Cutter Bear before WWI. U.S. Coast Guard photo.

Dennis Bryant provided a link to a story about the USCG Cutter Bear in his March 18, 2020 newsletter. It is a great story about a great ship with a great Captain (Michael Healy) and a great crew. It shows that the right combination of ship and crew can perform miracles.This one ship, its Captain (and his wife who often shipped with him), and its crew did so many things so well that it has become the stuff of legends. I will not further discuss these adventures; some can be found in the article and the rest can be easily Googled.

24 Mar 2020

Ransomware: The IT Danger on the Horizon

© arrow/AdobeStock

Two decades into the 21st century, we’re seeing a growing and pernicious threat to global information security: ransomware. Even non-technical folk have loosely heard of it, but the broader implications haven’t yet penetrated the public consciousness. In different industries, that general lack of awareness could be a big problem—and the maritime sector is a good example.Ransomware hits at the confluence of two critical trends in modern technology: the ever-increasing integration of IT systems into daily life, and the interconnectedness of those IT systems.

30 May 2019

Gothenburg Port Reaches Major Milestone

According to the Port of Gothenburg, an important milestone is reached in the largest development project at the Port of Gothenburg in 40 years.The first phase of the water-based work has now been completed and construction of the 220,000 square metre terminal is due to move on to the next phase. The terminal is expected to be completed by 2025.Construction of the brand-new terminal at the Port of Gothenburg got under way in autumn 2018. Phase one of the construction began with stabilisation work. This involved the sinking of 1,500 piles into the seabed, down to bedrock level, in the lead-up to construction of the rock embankments around the Arendal bay.“It is extremely exciting to finally get off the mark in the biggest development project at the port since the 1970s…

22 Aug 2018

Marco Wirén Appointed President at Wärtsilä

Marco Wirén, M.Sc. (Econ.), has been appointed President of Energy Solutions, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective October 1, 2018.In this position, he is responsible for Wärtsilä's Energy Solutions business globally, and will report to President & CEO Jaakko Eskola.Wirén is currently the Chief Financial Officer of Wärtsilä, holding this position since August 2013. Prior to joining Wärtsilä, he had broad-ranging experience of financial management and international business management from the steel manufacturer SSAB, the infranet company Eltel Networks, and the construction company NCC.Arjen Berends (50)…

05 Apr 2018

Bahri Tanker NCC Amal Carries Chemical Cargo to China

National Shipping Company of Saudi Arabia (Bahri) announced the transportation of the first chemical shipment from Aramco Trading Company (ATC), a wholly-owned subsidiary of Saudi Aramco that trades refined, liquid chemical and polymer products, via ‘NCC Amal,’ a 45,000 DWT Bahri chemical tanker which left Port of Rabigh heading to China. The shipment, which contains 25,000 metric tonnes of paraxylene (PX) and 20,000 metric tonnes of monoethylene glycol (MEG), marks the completion of Phase II of the Petro Rabigh Company (PRC) project, which was celebrated at a special ceremony in the presence of Abdullah Aldubaikhi, CEO of Bahri‎, Nasser D. Al-Mahasher, CEO of PRC, Ibrahim Q. Al-Buainain, CEO of ATC, and other representatives from the three companies.

13 Feb 2018

MOL Allies with NCC

Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a capital and business alliance agreement with chemical tank specialist logistics provider Nippon Concept Corporation (NCC). "MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses," said a statement from the company. The agreement gives NCC the opportunity to globally increase its name recognition and enhance its competitiveness by integrating MOL Group companies' overseas networks with its existing networks. For MOL, it will be an opportunity to expand business in liquid chemical product transport business…

11 Feb 2018

Salalah Port Expanding Services for 2018

The Port of Salalah completed its first ship to ship transfer operation (STST) at Salalah anchorage recently as part of the port’s expanding service offering in 2018. . The new service was performed by Fendercare Marine which transferred vegetable oil between the vessels NCC Nasma to Ariana while both were in the harbor anchorage. Port of Salalah CEO Andrew Dawes said “Our vision is to make our customer’s supply chains work better, more efficiently and safer. Our new offering of ship to ship transfer of bulk liquids is designed to serve the regional market and Africa’s economic demand. Tom Fitchew, Business Development Manager of Fendercare stated “We identified opening a new STST base at Salalah as a priority to support our ever expanding network.

19 Sep 2016

Construction of Stockholm Norvik Port Begins

The start of construction of the Stockholm Norvik Port and Norvik Logistics and Business Park was celebrated on 16th September. The ceremony was a well-attended and festive event for both commerce and the general public. Stockholm is one of Europe’s most rapidly growing capital cities and freight volumes are constantly increasing. To facilitate the sustainable and efficient supply of goods to the region Ports of Stockholm is building a new port for rolling goods and container traffic at Norvik, close to Nynäshamn. NCC will construct the Norvik Logistics and Business Park adjacent to the port, where companies will be able to establish their operations in a dynamic environment, in close proximity to the port, road network, railways and capital city.

23 Aug 2016

Connected Ships, Smart Data, Cybersecurity to Feature in SHIPPINGInsight

Ship connectivity, smart data and cybersecurity will be central themes on the agenda at the fifth SHIPPINGInsight Fleet Optimization Conference & Exhibition. The annual maritime technology forum and trade show will take place at the Stamford Marriott Hotel & Spa in Stamford, Conn., October 18-19. “The confluence of high-capacity satellite bandwidth and new ship analytics programs is enabling unprecedented capabilities for actively managing ships at sea to improve efficiencies in operation and reduce costs,” said SHIPPINGInsight co-director Jim Rhodes. “Ship managers are now able to extract actionable data from ship sensors and systems to identify trends and anomalies and make smarter business decisions for optimizing their assets.

26 Feb 2016

Bahri Buys 5 Tankers for $166 Mln

The National Shipping Company of Saudi Arabia (Bahri) announces that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed on Wednesday 24th February 2016 MoA to purchase five (5) second hand MRs ships built in 2014 at Hyundai Mipo Dockyard in South Korea from Scorpio Tankers Inc. at a total Purchase Price of One Hundred Sixty Six million and Five Hundred Thousand Dollars (US$166,500,000). The five (5) ships will be delivered to NCC between 1st February and 30th June 2016. The financial implication of

14 May 2015

Glencore Calls for Price Regulation in Newcastle Port

Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the  newly privatised Port of Newcastle, reports  The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1.75 billion privatisation last year. Glencore has made the application to the National Competition Council, describing the shipping channels in the Port of Newcastle as a natural 'bottleneck' monopoly. This pitch for Australian Competition and Consumer Commission (ACCC) protection comes as management of Victoria's Port of Melbourne stares down a similar threat of declaration under national competition law…

17 Feb 2015

Indian Maritime Sector Seeks Govt Sops

The maritime sector, including, ports, shipping industry and merchant navy in India is expecting the government would allocate a substantial amount of provisions and sops in the forthcoming union budget. Indian Shipping Industry has the potential to ignite growth, both through a trade resurgence and development of ancillary businesses, the industry sources say. The shipping ministry has already discussed with the finance ministry for help to restructure stressed shipping industry loans and tax exemptions to the debt-laden sector. The shipping ministry's demand comes at a time when the government is getting ready to present the Union budget at end of this month.

30 Sep 2014

‘Green’ Hybrid-powered Research Vessel Christened

The $2.7 million environmentally friendly research vessel, Spirit of the Sound (Photo courtesy of the Maritime Aquarium at Norwalk)

The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining, monitoring and teaching about Long Island Sound. The $2.7 million environmentally friendly research vessel, Spirit of the Sound, was christened and officially named during a ceremony at the Aquarium dock. Breaking a bottle on her hull was godmother of the boat, Astrid Heidenreich of Greenwich. The boat will reportedly be the first research vessel in the U.S. running on hybrid-electric propulsion.

24 Aug 2014

APM Terminals Q2 2014 Profit, Volume Growth

In its second quarter ended 30, June 2014 APM Terminals reports increases in both profits and container volume throughput. AgreementreachedtodivestAPMTerminals Virginia, Portsmouth, USA with an expected completion during Q3. APM Terminals delivered an increased profit of USD 223m (USD 179m) in Q2, driven by a strong volume growth of 8% with new terminals contributing by 2%. Additions to the network came mainly from the acquisition of NCC Group Limited by Global Ports Investments PLC, Russia in 2013 and ramp-up in the jointly owned Brasil Terminal Portuario in Santos, Brazil. Revenue increased by 6% to USD 1.1bn, reflecting the growth…

23 Apr 2014

Global Shipping Exposed to Cyber Threats

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they become more vulnerable to attack. As industries like maritime and energy connect ships, containers and rigs to computer networks, they expose weaknesses that hackers can exploit. Hackers recently shut down a floating oil rig by tilting it, while another rig was so riddled with computer malware that it took 19 days to make it seaworthy again…

07 Aug 2013

Recent Vessel Sales

Below is a list of recent vessel sales prepared by Shipping Intelligence, Inc. as of August 1, 2013. Sale prices are listed in millions USD. 7/29/13 - GREAT SUMMIT - 33,700 - 05/8 - $16.

17 Jun 2013

Yet More Consolidation Proposed in Russia

Ownership of selected container terminals in the Eastern Baltic (Drewry)

The prospect of Russia’s two largest container terminal operators joining forces has raised concerns over the dominant position that the combined enterprise would enjoy were the deal to be agreed. Global Ports Investments (GPI), one of the two largest players in the Russian container port market, is investigating the acquisition of a controlling stake in National Container Company (NCC), the other dominant player in the Russian market. The prospect of Russia’s two largest container…

27 Jan 2013

Wärtsilä Appoint Marco Wirén CFO & Executive V-P

Marco Wirén: Photo credit Wärtsilä

Marco Wirén appointed Chief Financial Officer, Executive Vice President & member of the Wärtsilä Corporation Board of Management. Mr Wirén (47), M.Sc. (Econ.) has broad-ranging experience of financial management and international business management. He currently works as Executive Vice President and CFO in the Swedish steel manufacturer SSAB, having held that position since 2008. Prior to joining SSAB as Vice President Business control in 2007, Wirén held several managerial positions…

21 Jan 2013

Bahri Reports 2012 Annual Profits Up

A Bahri Chemical Tanker: Photo courtesy of Bahri

Bahri announce the Interim Consolidated Financial Results for the 12-month period ended 31st December, 2012. The National Shipping Company of Saudi Arabia (Bahri) report that Net profit, for the 12-months totaled SAR 500.4 million compared to SAR 287.7 million for the corresponding period for the year 2011, an increase of 74 %. However, Net profit, for the fourth quarter was down and totaled SAR 73 million compared to SAR 113.3 million for the corresponding quarter for the year 2011, a decrease of 35.6%. The CEO of Bahri, Eng.