Owner Operators News

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will deliver the fuel supply system for Exmar’s two new medium size gas carriers that will operate with ammonia fuel.The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner Danish shipowner Exmar LPG, a joint venture between Exmar, a multi-disciplinary maritime and offshore solutions provider, and Seapeak, one of the largest independent owner-operators of liquefied natural gas vessels.These…

As geopolitical upheaval continues, Peter Sand, Chief Analyst, Xeneta, explores how global trade patterns have (and will) evolve.Geopolitical unrest could have dramatic and long-term impacts on global trade patterns for all goods and commodities, as political alliances are essentially being ripped up and rewritten. Spurred by Russia’s invasion of Ukraine in 2022, changing trade patterns are emerging in the container shipping sector, said Xeneta’s Peter Sand, as the term of the day is “friendshoring”…

The global marine vessel market is projected to grow from $170.75 billion in 2021 to $188.57 billion in 2028 at a CAGR of 1.43%, according to research from Fortune Business Insights.From transportation vessels to workboats to marine construction ships, companies want to grow their business, stay current with new technologies, gain a competitive edge and be good stewards of our environment.Current marine market trends include adoption of alternative fuels, acquiring new construction vessels, retrofitting existing fleet, and determining ideal solutions for procuring these vessels.

MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Limited (CLNG), have been awarded long-term time charter contracts by QatarEnergy for five additional newbuild Liquefied Natural Gas (LNG) carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.Together with the seven long-term time-charter contracts that were secured earlier in August…

Inmarsat, the mobile satellite communications provider, has extended its Fleet Xpress service agreement with offshore vessel owner Maersk Supply Service. The extension includes fleet-wide IoT-based ship management connectivity on separate, dedicated bandwidths. The extension has also enabled Maersk Supply Service to evaluate new vessel performance tools for selection, available through Inmarsat’s Certified Application Provider (CAP) program.Operating off Europe, the Americas, West Africa…

On January 15, 2021, the U.S. Coast Guard issued an Advanced Notice of Proposed Rulemaking (ANPRM) for Safety Management System (SMS) requirements in the domestic passenger vessel industry (Docket No. USCG-2020-0123). This requirement will have the largest implications on the domestic passenger vessel industry since the revisions of 46 CFR Subchapter T & K in the mid-90s. However, the question remains, is it necessary?Over the last three decades, the effectiveness and need for…

2020 presented a monumental challenge for many industries and workers, particularly seafarers, as COVID-19 effectively left hundreds of thousands of seafarers stranded at sea, unable to disembark and partake in crew changes due to onerous restrictions by the majority of port states. The challenges continue into 2021, and while eventually the situation will pass, COVID-19 will leave an indelible mark on the way in which seafarers are trained.For the fourth year, the MarTID survey of examines maritime training practices and trends.

Even after concerted efforts from leaders in the maritime community and some improvement in the numbers, the crew change crisis caused by COVID-19 restrictions continues to create challenges, the Secretary-General of the International Maritime Organization has warned.In a statement, IMO Secretary General Kitack Lim said that based on industry analysis, the numbers of seafarers requiring repatriation after finishing their contracts had declined—from a high of around 400,000 in September 2020, to around 200,000 as of March 2021, with a similar number waiting to join ships.

Nautilus Labs, a technology firm aiming to advance the efficiency of ocean commerce through artificial intelligence, announced its partnership to optimize fleet performance with joint venture partners Carisbrooke Shipping and SMT Shipping. Both Carisbrooke, based in Cowes UK, and SMT, based in Limassol, Cyprus, are dry cargo and multipurpose vessel owner/operators.Having first teamed up in October 2019, Carisbrooke and Nautilus have since expanded their partnership to over half of the Carisbrooke fleet.

Stuart Ostrow developed ShipMoney as a means to make the process of paying crew more efficient and cost-effective for both vessel owner/operators and the crew. Little did he realize then that his company would be instrumental in helping seafarers during their greatest time of crisis.Stuart, to start, how did you come create ShipMoney and get into a career in the maritime business?I'm the definition of an accidental salesman. By professional training, I'm a Big Six CPA, and I was always one of those frustrated accountants. Many years ago, I read a business plan that talked about prepaid.

Vessel designer Chartwell Marine has partnered up with naval architects BAR Technologies, to support in the delivery of what it says will be the next generation of offshore wind crew transfer vessels (CTVs)."The partnership will drive forward the development of new vessel designs ranging from 30m CTVs through to 60m service accommodation and transfer vessels (SATVs), making use of BAR’s patented foil optimization and stabilization system (FOSS)," Chartwell Marine said Wednesday.The partnership will combine Chartwell’s structural…

Subchapter M, the United States regulatory code dealing with towing vessels and requirements for towing vessel safety, has officially been in place since July 20, 2016, when the U.S. Coast Guard finalized Sub M rulemaking.Since the rules were finalized there have been a couple of important hammer dates. In spring and summer 2018 the first certificates of inspection (COI) were issued. COIs are central within the Sub M program. A vessel needs a COI to legally operate. (All vessels were required to comply with Sub M by July 20, 2018.

The third annual global Maritime Training Insights Database (MarTID) survey is officially open through February 29, 2020.Take the MarTID 2020 SurveyTo facilitate a broader response globally, the MarTID steering group again opted to both shorten the survey and to offer three, targeted versions for these three stakeholders:Vessel operator survey: https://www.surveymonkey.com/r/2020MarTIDOperatorMETI survey: https://www.surveymonkey.com/r/2020MarTIDMETISeafarer survey: https://www.surveymonkey.com/r/2020MarTIDSeafarerWhy…

When James C. DeSimone, Deputy Commissioner, Ferry Division, New York City Department of Transportation, signed on to run the Staten Island Ferries in 2003, the organization was still in the aftermath of one of the most significant accidents in its history: the ferry Andrew J. Barberi allision of October 2003, an accident which included a number of fatalities and serious injuries. DeSimone, who had long-tenures in both the commercial and public end of the marine business, brought a unique perspective to the organization.“For the city to go outside the system to hire (me) was huge…

The third annual global Maritime Training Insights Database (MarTID) 2020 survey is officially open.To facilitate a broader response globally, the MarTID steering group again opted to both shorten the survey and to offer three, targeted versions for these three stakeholders:Vessel Operators,Training Institutions, andSeafarers. Take the Survey     Vessel Operator survey link: https://www.surveymonkey.com/r/2020MarTIDOperator     METI survey link: https://www.surveymonkey.com/r/2020MarTIDMETI…

The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions. The industry is far from healthy, though, and the climb back to financial well-being will likely be long and unsteady. Not every operator will survive. And even though we’ve seen some improvement from 2017 levels, leverage ratios remain sky-high, the supply of vessels far outstrips demand, and—most crucially—the price of oil remains volatile.

MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea.

“I think it is very early to project what will be the fuel of the future. I think that it will be much more clear in January 2020 (when the new IMO fuel rules enter force) and we see the direction of fuel costs.”To start, put in perspective the current pressure to reduce emissions in the maritime industry.It all really started at the beginning of the 1990s when the world started discussing that something needed to be done on exhaust gas emissions from marine vessels. We stayed in contact with various regulatory authorities, as we tried to be a part of the conversation in the creation of rules.

North American marine emergency response service provider Rapid Ocean Response Corporation (RORC) said that the dry bulk shipping company DryLog has joined its network.DryLog,  a subsidiary of international Ceres Shipping Ltd,  will now have access to an always-available, contractually-obligated network of emergency response vessels that facilitates compliance with the U.S. Coast Guard's Salvage & Marine Fire Fighting (SMFF) regulations that address marine firefighting resources.“Safety is our most important priority, and, joining the RORC network bolsters our marine firefighting capabilities, enhancing safety and providing compliance with U.S. maritime laws,” said a spokesperson of DryLog. “Our ships transport millions of dollars of goods in and out of U.S.

The May 2019 edition of Maritime Reporter & Engineering News features a eight-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Edmonds Brown, Cummins, Inc., Commercial Marine Segment Leader.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry, my primary focus was working to achieve certification of Cummins’ marine engines for U.S.

The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Rolf Stiefel, Vice President Sales, Winterthur Gas & Diesel Ltd., in its entirety.Please put in perspective and discuss – using your career as the time span – the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry (coming from the power generation markets) back in the early 2000’s…

The second annual global Maritime Training Insights Database (MarTID) survey examines the impact of the autonomy trend in maritime operations on the training of future seafarers, and is officially open.The MarTID 2019 SurveyTo facilitate a broader response, this year the MarTID steering group opted to both shorten the survey and to offer three, targeted versions: one for vessel operators, one for training institutions and one for seafarers.What is MarTID?MarTID is a noncommercial, joint initiative of the World Maritime University, Marine Learning Systems and New Wave Media.

... one year after the commandant’s Final Action Memo on the El Faro sinking.“… the Coast Guard is ultimately responsible to monitor the performance of third parties that perform delegated functions and also to guarantee the effectiveness of vessel inspections and surveys. Yet the Coast Guard failed to adequately oversee the third party in this case, and the investigation reveals that the Coast Guard has not sustained the proficiency and policy framework to do so in general. The…