Ship Management Company News

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy – where Rajvanshy will continue to manage the technical…

BYD's first chartered vehicle carrier has set sail from China's southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday.Chinese automakers including BYD, Chery Automobile and SAIC Motor, have been placing orders for vessels to counter rising shipping costs as they boost exports.The new roll-on, roll-off vehicle carrier named "BYD Explorer No.1" departed on Monday for Flushing Port in the Netherlands and the German port of Bremerhaven…

Karin Orsel has been appointed the first female President ever in the history of the European Community Shipowners’ Associations (ECSA), starting on January 1, 2024 for a two-year term, with Mikki Koskinen joining as the new Vice-President. She succeeds Philippos Philis, who has held the position since January 2022.Commenting on her appointment, new ECSA President Karin Orsel said, “The strategic role of European shipping for the security of the Europe has come to the forefront.

Taiwan-based dry bulk shipowner Wisdom Marine Group and Singapore-based ship management company Synergy Group have announced a new joint venture (JV).Wisdom Synergy Ship Management (WSSM) will be headquartered in Singapore with key operational centres in Taiwan and India and will provide technical management for Wisdom’s diverse fleet.Last year, Wisdom chose Synergy Group to provide management services for a portion of its fleet.The JV cements a collaborative relationship established in 1999 by James Lan, Chairman of Wisdom Marine Group.

An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards, the Pentagon said on Monday."We're continuing to assess, but initial indications are that these five individuals are Somali," said Pentagon spokesperson Brigadier General Patrick Ryder."Clearly a piracy related incident," Ryder added.A U.S. Navy warship responded to a distress call on Sunday from the chemical tanker Central Park.

A U.S. Navy warship responded to a distress call from a commercial tanker in the Gulf of Aden that had been seized by armed individuals and is now safe, U.S. officials said on Sunday.The tanker, which had been carrying a cargo of phosphoric acid, was identified as the Central Park by the vessel's company. The officials did not identify the attackers.In a statement, the U.S. military said the USS Mason, with help from allied ships, demanded that the commercial ship be released by the attackers. Five armed individuals tried to escape on a fast boat but were chased by the U.S.

Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said.The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 7.It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis, allies of Iran, in the southern Red Sea last week.

Mitsui O.S.K. Lines (MOL) will install cameras and an AI system developed by Captain's Eye in the cargo holds of most of its LNG-fueled car carriers to provide early fire detection capabilities.The devices will be installed on 10 vessels currently on order and scheduled for delivery in 2024 or later, and the company will consider retrofitting current in-service vessels with the system.The Captain's Eye AI system sends an alert to crewmembers onboard the vessel and to the onshore ship management company when it detects abnormal images captured by the cameras.

Mitsui O.S.K. Lines (MOL) and PT MCS Internasional (MCSI) have established PT McMOL Crewing International, a new joint-venture LNG carrier manning company. MCSI is part of PT Humpuss Maritim Internasional Tbk. Group in Indonesia.The JV plans to begin operations in April 2024, and will primarily allocate seafarers for the MOL Group's fleet of LNG carriers.In operating vessels transporting LNG, it is essential to recruit, train, and retain top-quality seafarers who are qualified to handle LNG, says MOL.

On August 17, NYK received ISO9001:20151 certification from ClassNK for its activities to promote the safe operation of its crew transfer vessel (CTV) in the offshore wind industry.In addition to the safety management system (SMS) set up by the ship-management company, NYK will implement NAV90004 activities that promote safe navigation based on NYK’s own safety standard, NAV9000, which has been certified by the International Organization for Standardization (ISO), to achieve an even higher level of quality control and safer navigation.

Damen Shipyards and Turkey’s Feyz Group have signed a contract for the delivery of three new Damen Combi Freighters 3850, with the vessels set to be delivered in early 2025. The deal marks Damen's first new build cargo vessel sale to a Turkish customer.The Combi Freighter (CF) 3850 is a recently redesigned general cargo vessel with a deadweight of 3,850 tonnes. With a length overall of 89.70 meters and a 12.50-meter beam, Damen says the vessel is capable of maintaining speeds of more than 10 knots in headwinds when fully loaded, due to the hydrodynamic properties of the hull shape.

Columbia Shipmanagement has agreed to install Oceanly Performance solution on board of its ships."Oceanly is a perfect fit for the services that Columbia wants to provide to its customers. The software will allow our technical managers to have a very intimate control of all technical aspects of our managed vessels, while at the same time ensuring complete compliance on all the emission and reporting regulations" says Mark O'Neil, Columbia Group CEO, who was visiting Norshipping and passed by Oceanly’s stand to seal the deal with the company Managing Director, Giampiero Soncini.

U.K. based cable company XLCC announced it has completed model testing on its new cable laying vessel (CLV) in the Netherlands.XLCC has partnered closely with the vessel designer Salt Ship Design, who has planned the vessel from conception using 3D engineering software.XLCC also partnered with SeaTec, the technical services division of global ship management company V.Group. SeaTec was appointed to develop the initial statement of requirements and has continued to support XLCC…

Maritime technology company Orca AI announced it has secured deals with U.S. Ro-Ro operators Liberty Maritime Corporation and American Roll-On Roll-Off Carrier (ARC) to deploy its automated situational awareness platform across their respective fleets. Liberty was one of the early collaborators with Orca AI, deploying the first Orca AI unit on a US flag Ro-Ro vessel (Liberty Pride) in 2019.The platform, which is installed on Liberty’s ro-ro vessels and on ARC’s entire fleet, acts as a fully automatic watch-keeper, powered by computer vision and deep learning algorithms that detect, track and classify navigation-applicable targets that may pose a risk to the vessel.It is operational 24/7, prioritizes risk and presents it in a user-friendly interface.

Ship management services provider Anglo-Eastern Ship Management has selected maritime communications provider Inmarsat to connect its crew.Anglo-Eastern, which uses Inmarsat's Fleet Xpress services, in 2019 became one of the first companies to sign up for Inmarsat’s crew internet solution, Fleet Hotspot, which, Inmarsat says, provides its seafarers "with reliable, high-speed connectivity and the  freedom to use their devices on board." According to Inmarsat, Anglo-Eastern doubled the free internet allowance for its crew in response to the COVID-19 pandemic and its impact on crew welfare.

Sumitomo Heavy Industries Marine & Engineering (SHI-ME) selected SENSFIB Structural Health Monitoring for the third in a series of 115,000 DWT AFRAMAX crude oil tanker newbuilds for Greek ship management company Samos Steamship.The SENSFIB systems from Light Structures is already installed on the first two vessels in the series, both of which are due for delivery in Q2 2023 and Q3 2023.The SENSFIB system is designed to provide predictive and actionable real-time data on board…

Hong Kong-based ship management company Anglo-Eastern announced it has opened a fleet performance center within its Mumbai office.The Anglo-Eastern Fleet Performance Center (AEFPC) has been established to drive optimal performance by identifying trends and translating data into proactive human interventions aimed at improving overall fleet safety, performance, regulatory compliance, predictive maintenance, and safe navigation, the company said.The center will leverage data gathered from day-to-day vessel performance monitoring by technologies such as Wӓrtsilӓ’s Fleet Operations Solution (FOS)…

Philly Shipyard has received an order from the U.S.-based ship management company TOTE Services for the construction of one additional National Security Multi-Mission Vessel (NSMV), following the authorization by the U.S. Department of Transportation’s Maritime Administration (MARAD).This marks the fifth and final NSMV in the training ship series. The modern vessel will replace the aging training vessel at California State University Maritime Academy in Vallejo, California.Construction of the new vessel (NSMV 5) is expected to start in 2023.

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions.Both parties will jointly study liquefied CO2 transportation for the carbon capture, utilization, and storage (CCUS) value chain, Petronas said in a statement.Liquefied CO2 transportation helps connect CCUS sites safely and efficiently over long distances where pipelines are not economically viable."This collaboration is important as long-haul liquefied C

Lloyd’s Register (LR) has appointed Chakib Abi-Saab to its newly created role of Chief Technology and Innovation Officer (CTIO). Abi-Saab, who was previously with Bahri (formerly known as the National Shipping Company of Saudi Arabia) as their Chief Technology Officer, joins LR with considerable expertise in technology and digital enablement from both maritime and the oil and gas industry. Before his time with Bahri, Abi-Saab held executive roles at ship management company OSM, offshore energy provider Bumi Armada and Oil and Gas Services provider Baker Hughes.

Korean Register (KR) has signed a Memorandum of Understanding (MOU) with ship management company KLCSM and shipbuilder Samsung Heavy Industries (SHI) to jointly research and approve the application of autonomous navigation systems for mid- to large-sized vessels.The agreement, which was signed on June 23 at this year’s Korea Ocean Expo in Incheon, Korea, aims to accelerate the commercialization and international competitiveness of domestic autonomous ship equipment and technology…

Ship management company Fleet Management Limited (FLEET), part of the Caravel Group, said it has launched a new integrated ship management unit – MaruFleet Management Pte Ltd – in Singapore in collaboration with MMSL Pte. Ltd. (MMSL), a Singapore subsidiary of Marubeni Corporation. MaruFleet will provide dedicated ship management services to MMSL. Kishore Rajvanshy, FLEET Managing Director, said the relationship between FLEET and Marubeni began in 2014 when FLEET began to manage MMSL’s first Supramax bulk carrier, Crimson Queen.

On March 3, the liquefied natural gas (LNG) carrier Elisa Aquila commercially managed by France LNG Shipping and under a long-term charter contract with Edison SPA, a Milan-based energy company, was delivered.Elisa Aquila will be the second vessel to be chartered to the EDF group, a French electric power company, on a long-term basis (up to 20 years including extension options) and will be engaged in LNG transportation under the ship management of Gazocean, a French ship management company specialized in LNG…