US Boatbuilding: Sink or Swim
Navigating interesting times has the nation’s shipbuilding industry searching in unusual places. The answers could be blowing in the wind. Conducting commerce and forecasting the future for shipyards is akin to setting out in uncharted waters. For some, the voyage might prove to be easy sailing with favorable winds. Other times, it can be a rough ride, forcing long and unprogressive diversions. In the worst cases, one might run aground temporarily, hit rock bottom, capsize belly up, or be forced to turn around and give up.
Polaris: World´s First LNG-Powered Icebreaker Delivered
Arctech Helsinki Shipyard delivered the most powerful newcomer in the Finnish Icebreaker fleet, icebreaker Polaris, to the Finnish Transport Agency on September 28th, 2016. The Finnish Transport Agency handed the vessel over to Arctia Icebreaking Oy. The prototype vessel built at Helsinki Shipyard is designed to serve for at least 50 years in icebreaking, oil recovery and sea rescue operations. Previous time an Finnish icebreaker with similar size range was completed in year 1994.
Rethinking Inland Infrastructure Finance
P3: An alternative to tolls or lockage fees in public-private partnerships for inland waterways. Within the generally sorry state of the U.S. inland waterways infrastructure, there are some locations where conditions are particularly dire. Among those in this latter situation are several locks and dams on the Illinois River, including the La Grange Lock and Dam and the Peoria Lock and Dam, both of which were completed in 1939. Both of them are on the U.S. National Register of Historic Places, which is a dubious distinction for a major transportation facility of the twenty-first century.
Container Shippers Raided in S.Africa over Suspected Collusion
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The development comes as global container lines struggle in the worst-ever market conditions, caused by a glut of ships and slowing global trade, which has battered earnings and forced at least one out of business. The six companies raided comprise local subsidiaries of Denmark's Maersk…
New Tractor Tug for Jones Marine Group
Steady, smooth, powerful, highly maneuverable: these were comments from mariners on board for sea trials of Jones Marine Group’s new tractor tug, David J. The new workboat was put through its paces in fine form. The boat is an A.G. McIlwain-designed 53 by 26.5-foot handy-sized tractor tug with a hefty14-foot molded depth. The beam offers remarkable stability, while the length allows the tug to work in tight spaces. Built by Sylte Marine of Maple Ridge for Jones Marine Group Ltd, of Chemainus, it is, as company president Daryl R.
Danish Ferry Equipped with Wärtsilä 31 Engines
A new 158-meter-long car and passenger ferry being built for Danish operator Mols-Linien will be powered by two eight-cylinder Wärtsilä 31 main engines. The ship is being built at the Rauma Marine Constructions (RMC) shipyard in Finland. The Wärtsilä 31 was introduced to the market in 2015 and has been recognized by Guinness World Records as being the world's most efficient four-stroke diesel engine. This high efficiency was cited as being a key consideration in the award of this contract to Wärtsilä, the engine manufacturer said.
Siemens Bags Electric Ferry Propulsion Contract
Siemens said it has secured a contract to supply propulsion systems for two new The all-electric battery ferries to be operated by Fjord1 on the E39 Anda-Lote route on the west coast of Norway. Both vessels will have a cargo capacity of 120 cars, 12 trailers and 349 passengers. Operation on the 2.4 kilometer-long route will start in January 2018. With this contract, the first four battery-driven ferries in the world will run on technology developed and manufactured by Siemens, the company noted.
The Bulkcarrier Orderbook: Long Story, Short Tale?
Depressed dry bulk market conditions have put severe financial pressure on owners in recent times, triggering a slump in bulkcarrier contracting, observes Clarksons Research. This has helped drive a significant contraction in the bulkcarrier orderbook, which hit a nine year low at the start of September. A dearth in ordering has seen the bulkcarrier orderbook shrink fairly consistently since mid-2014. By September 2016, the bulker orderbook had shrunk to 108.4m dwt, down 19% since the start of the year. This was equivalent to 13.8% of the fleet, down from 17.2% at the start of 2016.
FreeSeas Sells M/V Free Maverick
FreeSeas Inc. announced that on September 26, 2016, it sold to unrelated third parties the M/V ‘Free Maverick’, a 1998-built, 23,994 dwt Handysize dry bulk carrier for a sale price of $1,925,000. The vessel’s mortgage has now been discharged. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. It is is a Greece-based transporter of dry-bulk cargoes through the ownership and operation of two Handysize vessels and an owner of a controlling stake in a company commercially operating tankers. Currently, the Company operates two Handysize vessels.
Con-Green 2000 - Next Generation of Feeder Vessels
The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract, DNV GL AS. For the last few years, the titans of the container world have stolen the headlines; 18,000, 19,000 and even 20,000 TEU giants have arrived and reshaped the way goods are transported around the world.
Merger Unites Canada/US Shipping Voices
The Chamber of Marine Commerce will assume the assets, liabilities and staff of the Canadian Shipowners Association (CSA) following a new merger agreement that aims to create a united voice for commercial shipping in Canada and the United States. “We’re uniting two organizations that have successfully promoted the interests of commercial marine shipping for many decades,” said Wayne Smith, Chairman of the Chamber of Marine Commerce. “One of our common objectives is to foster a harmonized and efficient regulatory climate throughout the bi-national Great Lakes and St.
Australia Names Lockheed Martin as Weapons System Provider for Submarines
Australia has selected U.S. defence company Lockheed Martin Corp as its preferred bidder to supply the combat system for its new $38 billion fleet of submarines, the country's defence industry minister said on Friday. Lockheed Martin beat out competition from U.S. rival Raytheon Co, which built the system for Australia's existing Collins-class submarines. Australia chose French naval contractor DCNS Group in April to build 12 new submarines in a deal worth A$50 billion ($38 billion) - one of the world's most lucrative defence contacts.
Wärtsilä Funa Creates Speical Look for Genting Dream
Wärtsilä is supplying a special external lighting system for a new cruise ship currently under construction at the Meyer Werft shipyard in Papenburg, Germany. The 150,000 GRT vessel, the "Genting Dream", has been ordered by Dream Cruises, part of Genting Hong Kong, a global leisure company, based in Asia. The ship will be delivered in October. The order with Wärtsilä was placed in the first quarter of 2016. The Dynamic Exterior Lighting concept developed by Project International Lighting Designers provides a stunning visual effect to the ship's exterior profile.
Keppel FELS Delivers Accommodation Unit to Floatel
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design, will be chartered by Chevron Corporation for work in the Wheatstone field in Western Australia. Floatel Triumph is scheduled to arrive on location in mid-October 2016. Thereafter, it will work for INPEX Operations Australia in Ichthys Field, off Western Australia.
LR to class Federal German Seagoing Fleet
The WSV (Federal Waterways and Shipping Administration) represented by the Waterways and Shipping Agency (WSA) Bremen, a branch of the German government, is transferring 67 ships into Lloyd’s Register (LR) class to support the seagoing fleet of vessels owned by the German Authorities. Following a successful tender for vessels under the departments of the Local Offices for Waterways and Shipping along the German Coast, the Federal Maritime and Hydrographic Agency, Federal Police and the Federal Customs, Lloyd’s Register EMEA in Germany is to class the fleet from 1 January 2017 under a five year block fee arrangement. "The decision to make Hamburg the centre for Marine and Offshore in the North European area shows how important this market is for Lloyd’s Register…
HMM Adopts INTTRA's eVGM Solution
Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world's ocean shipping electronic marketplace, by adopting the INTTRA eVGM Service as a channel to facilitate compliance with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Under the new rule, which went into effect on July 1, 2016, every container must have a VGM - or certified weight -- in order to gain clearance to be loaded onto a ship. "Many of HMM's customers are already using INTTRA eVGM.
COSCO Ports Arm Inks Terminal Deal in Abu Dhabi
Abu Dhabi Ports has signed a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of container terminal operator COSCO SHIPPING Ports Limited, a subsidiary of China COSCO SHIPPING Corporation Limited. The event was held in the presence of His Excellency Dr. Sultan Ahmed Al Jaber, the UAE Minister of State and Chairman of Abu Dhabi Ports, Zheng Chiping, Deputy Director of the foreign investment department of the National Development and Reform Commission of PRC and Wan Min…
ALMACO to Build Cabins, Galleys for Rhine Class Ships
German shipyard MV WERFTEN has awarded ALMACO Group a contract to build the luxury suites and galley areas for Crystal River Cruises’ four Rhine Class luxury river yachts, which will be delivered in 2017 and 2018 from Wismar. The scope of work involves a total of 220 luxury suites and corresponding corridors as well as the visual turnkey delivery of the main galley and pantries, including galley equipment and lining for all four river ships. ALMACO previously refurbished the crew accommodation and catering areas onboard Crystal River Cruises’ Crystal Mozart earlier in 2016…
Damen Repeats Multiple Vessel Transport Strategy
Just down river from Damen Song Cam Shipyard, SAL Heavy Lift’s MV Svenja departed from Halong Bay loaded with 14 vessels. The shipment consists primarily of built-for-stock vessels – Stan Pontoons and Tugs – which will be available for immediate purchase on arrival in Rotterdam in October. MV Svenja’s voyage began in Shanghai on August 30th when she started loading eight Stan Pontoons that were built at Damen Yichang Shipyard, China. This first load includes Stan Pontoons 4113, 4111, 4512, 5211 and 6316.
Maersk Line Orders 14,800 New Reefer Containers
Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years. Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015. “We continue to invest and modernize our reefer fleet to include the latest technologies in supply chain visibility and cargo care,” said Shereen Zarkani, Head of Reefer Management, Maersk Line. The new reefers feature built-in Remote Container Management (RCM) technology…
Cosco wins Abu Dhabi Container Terminal Concession
Abu Dhabi Ports has awarded China's Cosco Shipping a 35-year concession to build and operate a new container terminal at Khalifa Port, the chief executive of the Abu Dhabi company told Reuters on Wednesday. The terminal is expected to be operational in the first quarter of 2018, Mohamed Juma al-Shamisi said. It will have a capacity of 2.4 million twenty foot equivalent units (TEUs), with an option to increase that to 3.5 million TEUs, Shamisi added. COSCO is expected to invest as much as $400 million on the project. Abu Dhabi Ports is an Abu Dhabi government-owned company that runs Khalifa Port and the Khalifa Industrial Zone. Reporting by Stanley Carvalho and Maha El Dahan
Maersk, Danske and Nordea to shed Ship Finance Stakes
A.P. Moller-Maersk , Danske Bank and Nordea Bank will sell their shareholdings in shipping lender Danish Ship Finance worth 4.25 billion Danish crowns ($638.05 million) to a consortium of Danish investment funds, the company said Wednesday. The company, which distributes loans to shipping companies based on vessel mortgages, will be taken over by Danish pension funds PFA, PKA as well as Nordic equity fund Axcel. The deal values the company at 4.72 billion crowns, the company said. The divestment comes less than a week after shipping giant A.P. Moller-Maersk said it would split into two units and focus on its container shipping business.
South Africa Raids Boxship Operator's Offices
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered Mediterranean Shipping Company, France's CMA CGM Shipping, Germany's Hamburg Sud, Singapore-based Pacific International Line and Maersk unit Safmarine, the commission said in a statement.
SGX sees Baltic buy boosting Asian freight derivatives
Singapore Exchange Ltd (SGX) sees the potential to develop new freight derivatives centred on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters. "We believe there are a number of opportunities that the Baltic Exchange and SGX can realise together, including the creation and adoption of new benchmarks of Asian shipping routes," Michael Syn, head of derivatives at SGX told Reuters.
COSCO Mulls Hanjin Port Asset Purchase
China's COSCO Shipping Co Ltd may consider buying the port assets of troubled South Korean firm Hanjin Shipping Co Ltd, Chinese online finance magazine Caixin reported on Wednesday. But COSCO Shipping has no plans to buy the world's seventh-largest container carrier's ships, Caixin cited the Chinese firm's Chairman Xu Lirong as saying. Hanjin Shipping collapsed last month. Earlier on Wednesday, a South Korean court said it has not yet decided whether a sale of the company is necessary. Reporting by Beijing Monitoring Desk and Paul Carsten
Shipbuilding Consolidation: Luerssen Acquires Blohm+Voss GmbH
Family owned and Bremen based shipyard, Luerssen acquired storied shipyard Blohm+Voss in Hamburg, the company announced on Wednesday, September 28, 2016. With the acquisition of Blohm+Voss, Luerssen said it is entering into a long-term relationship to strengthen its portfolio in the repair and refit activities for yachts, naval and commercial ships as well as enhancing its naval new build activities within their corporation. The contract between Luerssen and the funds of British private equity investor…
NASSCO Delivers Fourth Product Tanker to APT
General Dynamics NASSCO has delivered Bay State, the fourth of five new Jones Act ECO Class product carriers under contract with American Petroleum Tankers (APT). The vessel was delivered on Monday, September 26 during a signing ceremony at the NASSCO shipyard in San Diego. The ECO Class design Bay State is a 610-foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity. The ship’s construction began in May 2015. “The Bay State is the product of world-leading design…
US West Coast Dockworkers, Shippers to Talk Contract Extension
Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday. Negotiators for the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union tentatively plan to meet on Nov. 1-2 to discuss the proposal, which comes about 19 months after a contract settlement that capped months of labor strife and shipping disruptions at the ports.
MV WERFTEN Pumps €75 Mln into Rostock Yard
Announcing further investments into its shipyards, MV WERFTEN has today signed three contracts for the investment program for its Rostock yard, including a purchasing contract for a new thin-plate laser panel line with welding and production automation specialist Pemamek, the construction of a new hall with engineering company Inros Lackner and design services with service engineer Warnow Design. “This investment clearly indicates our long-term commitment to our yards and our plans to make MV WERFTEN one of the world’s most modern and efficient cruise shipbuilders…
Yard Improvements at Grand Bahama Shipyard
Grand Bahama Shipyard Limited (GBSL), a shipyard in the Caribbean, said it had a productive summer program consisting of work on vessels from the tanker, container and towage segments of the maritime industry. Additionally, renovations and upgrades were performed on the floating dry docks and workshops, all in conjunction with yard improvements in anticipation for a busy fall and winter work period. The summer saw the yard busy with repeat customers from respected players in the tanker, container and towage segments operating in the Caribbean region.
Ultra Large Tug Alp Striker Delivered
From Japan's Niigata Shipbuilding & Repair, Inc. (NSR), fully owned by Mitsui Engineering & Shipbuilding Co., Ltd., comes the first in four of a series of ultra large, ultra powerful tugs. The first in line is dubbed Alp Striker, delivered to Alp Striker BV (ship owning company of ALP Maritime Services BV, Netherlands ) in early September 2016. Alp Striker is one of strongest and largest towing vessels in the world, able to sail to a top speed of 19.16 knots, 13 knots in ordinal sailing and to tow 309.6 tons.
Rolls-Royce to Equip Five New Cruise Ships
Rolls-Royce has announced a new deal to provide propulsion and deck machinery to five cruise ships being built by Fincantieri at their Monfalcone and Ancona Shipyards in Italy. The firm orders are to supply a Promas system, deck machinery and steering gear to two vessels being built for Viking Ocean Cruises. The contract also covers steering gear and deck machinery for a further vessel under construction for Regent Seven Seas Cruises. Steering gear is also being provided for two vessels being built for Princess.
Damen to Launch Composite Water Bus
Damen said it is set to launch its first composite Water Bus as the prototype undergoes sea trials in the next few weeks. According to the shipbuilder, the new vessel offers reduced fuel consumption, less maintenance, no corrosion or fatigue problems and is very robust. The new Water Bus has also been designed to limit noise and vibrations, making it more comfortable for passengers. “This is a prototype for the first of the new generation Damen Water Bus,” said Marcel Elenbaas, Damen Design & Proposal Engineer - Fast Ferries.
ClassNK: Guidelines on Laser-Arc Hybrid Welding
Classification society ClassNK has released Guidelines on Laser-Arc Hybrid Welding (Ver. 3) aiming to support the widespread application of laser-arc hybrid welding in shipyards. Laser-arc hybrid welding is a high quality and highly-efficient welding process which combines both laser and arc welding methods, capable of achieving the same depth of penetration as the standard arc welding process whilst also inhibiting thermal deformation due to its low required heat input. This guideline (Ver.
Sonagol Deepens DSME's Woes
Concerns were growing again over liquidity woes of Soth Korea's largest shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), as the Angolan oil major Sonangol EP is likely to delay the takeover of its drill ships once again. According to The Korea Herald, DSME was planning to deliver the two drill ships to Angola’s state-run oil company Sonangol by this month to receive the remaining contract fee of $1 billion. The South Korean shipbuilder has completed building two drill ships…
Cochin Port Begins Coastal Shipping of Cars
Cochin Port, one of the top 12 major ports in the country, has begun coastal transportation of cars, with carrier ship M V Dresden carrying 500 vehicles reached with first consignment. The first call of a Car Carrier ship, M. V. Dresden wad scheduled at Cochin Port yesterday evening (September 26, 2016). The ship is a foreign carrier of Cyprus registration, which has obtained license for coastal run between the ports in India, and is of 177 m length and 7 m draft. The Car Carrier has the circuit of Ennore-Cochin-Kandla-Cochin-Ennore…
India's GSL Delivers Patrol Vessel to Mauritius
Indo-Mauritian maritime defence Co-operation got another fillip with the delivery of first Fast Patrol Vessel, MCGS VICTORY, designed and built in-house by Goa Shipyard Limited(GSL) for Mauritius Coast Guard, on 26th September 2016 at GSL. The vessel is primarily designed for Coastal Patrolling, Anti-piracy, Anti-smuggling, Anti-drug Surveillance, Anti-poaching Operations, and Search and Rescue Operations. The vessel is 50 meter long, fitted with 30 mm CRN-91 Gun, 12.7 mm HMGs…
Carnival Corp Reports Strongest Earnings
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced U.S. GAAP net income of $1.4 billion, or $1.93 diluted EPS, for the third quarter of 2016 compared to U.S. GAAP net income for the third quarter of 2015 of $1.2 billion, or $1.56 diluted EPS. Third quarter 2016 adjusted net income of $1.4 billion, or $1.92 adjusted EPS, was higher than adjusted net income of $1.4 billion, or $1.75 adjusted EPS, for the third quarter of 2015. Adjusted net income excludes unrealized gains and losses on fuel derivatives and other net charges…
USCG to Commission 6th National Security Cutter
The U.S. Coast Guard announced Monday that the service's sixth national security cutter, Munro, will be commissioned April 1, 2017, at the Smith Cove Cruise Terminal in Seattle. The cutter, which will be homeported in Alameda, Calif., is named after the Coast Guard's only Medal of Honor recipient, Signalman First Class Douglas A. Munro. The timing of the announcement coincides with the annual memorial service for Munro, a Cle Elum, Washington-native, taking place Tuesday at Laurel Hill Memorial Park in Cle Elum. Munro died on Guadalcanal Sept. 27, 1942, after volunteering to evacuate a detachment of U.S. Marines during the battle with Japanese forces holding the Pacific Island. Each year, on Sept.
Shipping Confidence on the Rise -Moore Stephens
Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In August 2016, the average confidence level expressed by respondents was 5.4 on a scale of 1 (low) to 10 (high). This is an improvement on the 5.1 recorded in May 2016, and the highest rating for the past nine months of the survey, which was launched in May 2008 with a confidence rating of 6.8.
Baltic Exchange Names Jackson as CEO
Baltic Exchange on Monday named Mark Jackson, a former Chairman and Director, to replace Chief Executive Officer Jeremy Penn. Baltic Exchange shareholders earlier approved an 87 million pound ($112 million) takeover by Singapore Exchange for one of London's oldest institutions, in a deal that will give SGX access to the multi-billion-dollar freight derivatives market. Jackson, Chief Commercial Officer of AM Nomikos Group, is expected to take up his appointment early in 2017. Penn announced his intention to stand down last year, the Exchange said in a statement.
Corvus Energy to Power UK Hybrid Ferry
Corvus Energy Inc. has announced that Wärtsilä, provider of ship machinery, propulsion and maneuvering solutions, has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid ferry being built for UK based Wightlink Ferries. Corvus Energy will supply its Orca Energy ESS solution to compliment a comprehensive range of modern Wärtsilä equipment and systems, which will deliver industry leading environmental efficiency with this new vessel. The new ferry, entering into service in 2018, will serve the crossing between the Isle of Wight and the English mainland 20 times per day, holding up to 178 vehicles and over 1000 passengers.