Carnival to Build Two New Cruise Ships with Fincantieri
Two new ships to be built for company’s Holland America Line and Princess Cruises brands will help meet growing demand for cruise vacations and enhance the fleet. Carnival Corporation & plc announced that it has signed a memorandum of agreement with Italian shipbuilder Fincantieri S.p.A. to build two new cruise ships with final contracts expected to be executed in early 2017. The two new ships are designated for the company’s Holland America Line and Princess Cruises brands. With the new agreement, Carnival Corporation now has 19 new ships scheduled to be delivered between 2017 and 2022.
Scorpio Tankers Secures $172m for Eight Vessels
Tanker carrier Scorpio Tankers has landed a loan deal for USD 172 million. The money will finance 60 percent of eight new MR product tankers which are currently under construction in South Korea. The company said in a press release that it has received commitments for a loan facility of up to $172 million from a group of financial institutions including Macquarie Bank Limited (London Branch), DekaBank Deutsche Girozentrale (DekaBank), The Export-Import Bank of Korea (KEXIM) and Garanti-Instituttet for Eksportkreditt (GIEK).
Cosco Hands Over Salvage Vessel, Bulker
Cosco Corporation Singapore said that Cosco (Dalian) Shipyard Group Co, a 51% owned unit of its subsidiary, has recently delivered a salvage lifting vessel to its Chinese customer and a bulk carrier to its European customer. De Bo 3, the 17,000 dwt salvage lifting vessel, was handed over to its Chinese buyer. It measures 159.6 meters in LOA (length of all), 38.8 meters in breadth and 10.9 meters in depth. Myrto, the second ship, 81,600 dwt bulker has a length of 229 meters and a width of 32.2 meters was delivered to to its European buyer.
Harley Marine Names Two ATBs
Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively. The vessels include two 116 foot tugs and two 80,000 barrel barges. The tugs, each being built at Conrad Shipyard of Morgan City, La. are 116 feet long with a beam of 36 feet. Each vessel is equipped with two GE Tier 4 propulsion engines, for a total of approximately 4,560 horsepower, and two John Deere Tier 3 generators. These cutting edge engines reduce NOx and particulate matter. The vessels are each equipped with a Markey tow winch and bow and stern fendering. Built at Gunderson Marine of Portland, Ore., the barges are 430 feet long with a beam of 76 feet with a carrying capacity of 80,000 barrels.
COSCO Shipping Denies OOCL Bid Reports
Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday. "We deny these rumors," she told Reuters. On Wednesday, the Caixin newspaper reported that the company would participate in bidding for the unit of Orient Overseas International Ltd, alongside Taiwan's Evergreen Marine Corp and France's CMA CGM. Reporting by Brenda Goh
MISC Berhad Names New LNG Carrier Seri Cenderawasih
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC. Upon their delivery, these new LNG Carriers will be on a long-term charter to PETRONAS. The naming ceremony was graced by the presence of Encik Md Arif Mahmood, Executive Vice President & Chief Executive Officer…
Italian Boosts to Flinders Shipbuilding Ambitions
Building on its partnership with the Italian shipbuilder Fincantieri announced earlier this month, South Australia’s Flinders University has signed a supporting agreement with The University of Genoa to cooperate in research and development and training with focus on maritime, naval architecture and shipbuilding. The agreement not only strengthens Flinders’ connection with Fincantieri – one of the shortlisted companies bidding to build Australia’s Future Frigates – but also opens…
Höegh LNG Orders 4 FSRU from Samsung Heavy
South Korea's Samsung Heavy Industries Co has won one firm Shipbuilding Contract (SBC) and an agreement for three optional floating storage and regasification units (FSRUs) from Hoegh LNG Holdings. Under the deal with Norway-based Hoegh LNG Holdings Ltd., the shipyard will build the vessel by May 2019, the company said in a regulatory filing. Samsung has an option to build three more FSRU units, it said. Höegh LNG's President and Chief Executive Officer Sveinung J. S. Støhle said in a comment: "We are very pleased to have completed this agreement with SHI…
Hanjin Shipping's Sale of Total Terminals Okayed
Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies. "My decision is to approve the sale," U.S. Bankruptcy Judge John Sherwood said, adding he would approve the transfer of the sale's proceeds to South Korea. The container companies are creditors of Hanjin and were concerned whether the shipping line was getting top dollar for its 54 percent stake in Total Terminals…
NIL Supplies GenSet for FDNY Fireboat
A marine power generation and climate control products manufacturer Northern Lights, Inc. (NLI) has announced completion of a 235kW Commercial Series generator set for the Fire Department of New York. The unit – M235C13.11NYFD – was built with a number of specifications unique to the requirements of metropolitan fire-fighting, including a nonstandard base pan, shutdown switches and USCG fuel lines plumbed to the base frame. The unit was completed to ABS and USCG standards and included a special “fire engine” red paint scheme.
SENER to Present LNG Bunkering Vessel Design
The SENER engineering and technology group will be at the LNG BunkeringSummit 2017 to present its revolutionary design for a liquefied natural gas (LNG) bunkering vessel. The conference is taking place in Amsterdam (Netherlands), and will run from January 29 to February 1. The use of LNG as a fuel significantly reduces carbon dioxide (CO2) emissions and almost completely eliminates sulfur dioxide (SO2), nitrous oxide (NOx), and other polluting particles. As such, it offers the perfect solution for ships that are more respectful towards the environment.
Kalmar Bags DP World's Container Handlers Order
Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers. The order for 13 units has been booked into Cargotec's 2016 fourth quarter order intake. The deliveries will begin in the second quarter of 2017 and they are scheduled to be completed by the end of 2017. Commenting on the order, Suresh Ananthanarayan, Kalmar's Key Account Manager for DP World, said: "This is the first order of Kalmar's new range of empty container handlers for the Middle East & Africa region.
Port Klang's throughput surge to 13.2m TEU
Port Klang Authority stated that Port Klang registered a positive growth of 10.8% in 2016 in container handling compared to 2015 with a total of 13,169,577 TEU’s, Northport handled 3,223,544 TEU’s while Westports handled 9,946,033 TEU’s. In terms of import container throughput, Port Klang handled 2,063,736 TEU’s,registering growth of 3.6 % compared to 2015’s performance - Northport handled 802,993 TEU’s while Westports handled 1,260,743 TEU’s in 2016. TEU’s compared to 2015; Northport handled 760,148 TEU’s and Westports handled 1,278,379 TEU’s.
Asia Dry Bulk-Capesize Rates to Hold Steady
Brazil-China rates hit 15-month high for second time this year. Freight rates for large capesize dry cargo ships on key Asian routes could hold steady or slip slightly next week after unexpectedly climbing this week on strong cargo volumes, ship brokers said. "It is a case of two oceans. In the Atlantic, Vale has been active from Brazil, and volumes from Saldanha Bay in South Africa are steady," said a Singapore-based capesize broker on Thursday. "In the Pacific, it's a waiting game with owners and charterers haggling over a 50 cent difference in the freight rate," the broker added.
HDASCO Returns to Le Havre
Starting February 2017, HDASCO Line provides a new commercial offer between HAROPA – Port of Le Havre and many Iranian and Iraqi ports. HDASCO Line (Hafez Darya Arya Shipping Company), also named HDS lines, is the Iranian national shipping company specialized in container transport and a subsidiary of IRISL Group (Islamic Republic of Iran Shipping Lines). This new service offers very competitive transit times: 19 days between Le Havre and Bandar Abbas for example. It will call at the following ports: Bandar Abbas…
Diana Shipping Charters out Two Bulkers
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period of about twelve (12) months to maximum fifteen (15) months. The charter is expected to commence on January 24, 2017. The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.
COSCO 'bidding' for Orient Overseas
Chinese conglomerate Cosco Group is in talks to acquire smaller rival Hong Kong-based rival Orient Overseas Container Line Co. ( OOCL), Chinese media outlet Caixin reported quoting people familiar with the matter. The state-owned China COSCO will compete with Evergreen Marine Corp. from Taiwan and France’s CMA-CGM SA in the takeover bid, but COSCO was more likely to win the deal, a source from COSCO told Caixin. A representative at COSCO Shipping's media relations department said the company wasn't aware of the bidding.
Ex-Daewoo Shipyard Head Gets 10 Years in Prison
Ko Jae-ho, the former head of the ailing South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), has been sentenced to 10 years in prison by a lower court in Seoul over accounting fraud, Yonhap News Agency reports. The Seoul Central District Court found Ko Jae-Ho guilty of manipulating the company's books in 2013 and 2014, when he was the CEO, and using them to raise bank loans. Ko Jae-Ho's punishment epitomises the decline of Daewoo, which was once one of the country's biggest conglomerates, or chaebol.
Maersk CEO: Listing of Energy Unit Most Likely
A. P. Moller-Maersk's Chief Executive Soren Skou sees a listing of the company's energy unit as the more likely option, he said in an interview with Bloomberg. He said that the company was still working on finding solutions for the energy unit and is looking at all options but that a stock exchange listing of the unit is probably "the more likely option". Skou replied "yes" when asked if a stock market listing looked as if it would make the most sense at the moment. Maersk, the world's biggest container shipper…
OPC, CHEC ink deal for Puerto Cortes expansion
Operadura Portuaria Centroamericana SA de CV (OPC) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Container and Cargo Terminal in Puerto Cortes, Honduras. The first phase covers the construction of a 350-meter long berth with a controlling depth of 15.5 meters, two trestles that will be connected to the existing yard, and dredging of the bay up to 14 meters deep. The new berth will be equipped with two super post-Panamax quay cranes, bringing OPC’s total number of quay cranes to six.
Environmental Discount for More Vessels at Gothenburg
Last year, one in three ships at the Port of Gothenburg received an environmental discount on the port charges. This represents an increase of 83 per cent on the previous year. Heading the discount list are Donsö-based shipping companies Tärntank Ship Management AB and Furetank AB, whose vessels are powered by liquefied natural gas. The Port of Gothenburg rewards vessels that are environmental high performers. One in three vessels that called at the largest port in Scandinavia last year were classified as green according to the industry environmental indexes.
Antwerp Finishes 2016 with 2.7% Growth
The port of Antwerp handled over the past year 214 057 529 tons of goods. Which is 2.7 more than the previous year. Container volume up 4.1%: At 4.1% the growth in container volume is even more pronounced: after 12 months the figure stood at 117,909,533 tonnes of containerised freight. Expressed in terms of standard containers (twenty-foot equivalent units) the total of 10,037,318 TEU has risen above the 10 million TEU mark for the first time in the history of the port. However there were negative figures in 2016 for conventional breakbulk (down 2.0%) and dry bulk (down 9.1%).
Euroseas Takes Delivery of Newbuilding Ultramax
Euroseas Ltd, an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it took delivery of the previously announced acquisition of the newbuilding. The newbuilding Hull DY 160, to be renamed Alexandros P, is a 63,500 dwt Ultramax dry bulk carrier built in January 2017. Aristides Pittas, Chairman and CEO of Euroseas commented: "We are very pleased to complete the acquisition of Alexandros P, an Ultramax drybulk carrier the construction of which we have supervised over the last two years.
CMA CGM Strengthens Asia-East Coast South America Links
French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America. The group will thus provide two departures per week between Asia and the East Coast of South America, one of the best offers on the market. They will offer optimum port coverage across Asia (Northern, Central and Southern Chinan and South Korea and South East Asia) and South America (Brazil, Argentina, Uruguay, Paraguay). From South America, CMA CGM will provide very competitive transit times, especially for the export of refrigerated goods from Brazil and Argentina, to Hong Kong, China and South Korea.
First TTS Shipset Delivered to COSCO Shanghai Shipyard
TTS Group announced the delivery of the first of four shipset of TTS deck equipment to COSCO Shanghai Shipyard. In April 2015, Shanghai Shipyard Co. Ltd., part of the China State Shipbuilding Corporation (CSSC), ordered various TTS deck equipment for four 28.000 DWT Multipurpose Heavy Lift Vessels. The first official hand over took place this week end. The vessels are part of the ongoing fleet extension program of China Ocean Shipping (Group) Company (COSCO). COSCO already operates…
Detyens Wins Medgar Evers Overhaul Contract
Detyens Shipyards Inc. said it was awarded a $13.6 million firm-fixed-price contract for a 60-calendar day shipyard availability for the regular overhaul and dry-docking of U.S. Navy’ Military Sealift Command (MSC) cargo ship USNS Medgar Evers (T-AKE 13). According to the shipyard, work will include clean and gas-free tanks, voids, cofferdams and spaces, deckhouse preservation, main generator maintenance and cleaning, high-voltage switchboard and emergency switchboard cleaning…
LNG Ferry Megastar Nears Completion
The construction of Tallink’s new LNG-powered fast ferry Megastar is nearing completion at the Meyer Turku shipyard, where the vessel is receiving finishing touches before transporting its first passengers January 29, 2017. The €230 million ferry is powered by three 12-cylinder Wärtsilä 12V50DF and two six-cylinder Wärtsilä 6L50DF four-stroke dual-fuel gensets. Megastar will run primarily on LNG, though it is also able to run on marine diesel. Megastar will sail the Helsinki-Tallinn route for Tallink, who says the 212-meter-long, 49,000-gross-ton ferry can carry up to 2,800 passengers.
HMS Global Maritime Appoints Jaenichen as Chief Operating Officer
HMS Global Maritime, owner and operator of the American Queen Steamboat Company as well as 85 other U.S. flagged vessels, welcomes former Maritime Administrator Paul “Chip” Jaenichen, Sr. of the U.S. Department of Transportation as the new Chief Operating Officer (COO). After a decorated career with the U.S. Navy and the Maritime Administration (MARAD), Jaenichen joined HMS Global Maritime on January 12, 2017. In his role as COO, Captain Jaenichen will be responsible for ensuring that HMS Global Maritime excels in every facet of transportation…
Navios Partners Sheds 13,100 TEU Boxship
Navios Maritime Partners L.P. announced the completion of the previously announced sale of the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU. The vessel was sold to an unrelated third party for a total net sale price of $125.0 million. Approximately $100.0 million of the sale proceeds were used to repay bank debt.
European Shipping Week Speaker Announced
Anthony Luzzatto Gardner, former US Ambassador to the European Union and Visiting Fellow at the College of Europe, will be the guest speaker at the European Shipping Week Gala Dinner, to be held on Wednesday 1st March 2017 at the Steigenberger Wiltcher Hotel in Brussels. Ambassador Gardner, who has dedicated more than 20 years of his career to US-European affairs, will speak on the important subject of ‘US-EU Relations: Looking Back, Looking Forward’. Welcoming the news, Patrick Verhoeven…
Seaway Records Longest Navigation Season
After opening the 2016 season on March 21, the St. Lawrence Seaway closed on December 31, enjoying a navigation season of 286 days. This performance ties the record first established in 2008 and matched in 2013 for the longest navigation season. The St. Lawrence Seaway Management Corporation recorded a total of 35 million tonnes of cargo transiting the Seaway’s locks in 2016. Grain movements posted a strong performance for a third consecutive season, contributing 11 million tonnes of the total and continuing to track well above the five-year average.
Peter Döhle, MacGregor Sign 70-ship Service Deal
MacGregor has signed a three-year MacGregor Onboard Care (MOC) service agreement with the German shipping company, Peter Döhle Schiffahrts Group, for an annual inspection of deck machinery, steering gear and cranes on a mixed fleet of 70 vessels. The agreement became effective as of 1 January 2017. "Our commitment is to provide the operative availability of equipment and ensure sustainable ship operations and earning capabilities for these vessels," says John Carnall, Senior Vice President, Global Lifecycle Support, MacGregor.
Hapag-Lloyd Rolls out Euro Bond Offering
Global container shipping company Hapag-Lloyd has launched a euro bond offering with a volume of EURO 150mln ($159mln) and a maturity of five years. Part of the proceeds, initially amounting to USD 50 million converted (approx. EUR 47 million), will be used for the early redemption of US dollar notes due in autumn 2017. The US dollar notes originally had a volume of USD 250 million, half of which was already repaid in 2015. The remaining proceeds of the new euro bond will be used for general corporate purposes (including further repayment of existing indebtedness).
Vard Signs LOI with International Cruise Entity
Vard Holdings Limited has announced that it has signed a Letter of Intent (“LOI”) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company. Developed in close cooperation with the customer, the luxury vessel will be about 145 meters long and 20 meters wide, with accommodation for 220 passengers. The hull of the vessel will be built by VARD’s shipyard in Tulcea, Romania. Delivery is scheduled from one of VARD’s Norwegian yards in 2019. The contract price is expected to be approximately NOK 1 billion ($117 mln). The parties have a common intention to enter into a firm contract within 1Q 2017, subject to several conditions being met, including satisfactory financing.
Dry Bulk: Less Pain, Not Much Gain
The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report*, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery. Stronger freight markets in Q4 2016 had been broadly expected by MSI, albeit for slightly different reasons. While iron ore trade undershot its expectations, coal trade overshot them with geographical imbalances playing a key role.
Innovative Seaspan Ferry Enters Service
Seaspan Ferries Corporation’s (SFC) Seaspan Swift, a new hybrid LNG fueled and battery powered ferry, entered service between the British Columbia mainland and Vancouver Island. The innovative vessels is classed by Bureau Veritas, and it is reported to be the first hybrid LNG fuelled and battery powered vessel in service and the first LNG fuelled vessel operating on the west coast of Canada. Additionally, the on-board bunkering of LNG from a truck trailer is a first in North America. Designed by VARD Marine, the 148.9m vessel is the first of two to be built at Sedef Shipbuilding, Turkey.
DP World signs Kazakhstan Logistics Agreement
Dubai's DP World, one of the world's largest port operators, has signed an agreement with Kazakhstan to develop a special economic zone in the Caspian Sea city of Aktau, the company said on Monday. DP World and Kazakhstan will look at opportunities to add shipping capacity and develop a logistics area, it said in a statement. The memorandum of understanding was signed by DP World Group Chairman Sultan Ahmad Bin Sulayem and Manistau Governor Akim Alik Aidarbayev in the presence of Kazakhstan First Deputy Prime Minister Askar Mamin. DP World has existing contracts in Kazakhstan to develop port facilities and logistics zones, including agreements with the Port of Aktau and the country's national railway company.
Eastern Selects MAN Engines for OPC
The US Coast Guard will have MAN’s 28/33D STC engines installed as the main propulsion for its new Offshore Patrol Cutter (OPC) programme. The programme is the replacement platform for the 13 ‘Famous’ class and 14 ‘Reliance’ class cutter vessels, making the order the largest vessel procurement order in the Coast Guard’s history. Lex Nijsen – Head of Four-Stroke Marine – MAN Diesel & Turbo, said: “We are very pleased to have won this major order within such a key, domestic market. It’s a breakthrough for us as this is the first time that the USCG has ordered MAN 28/33D STC engines.
ICTSI Manila hits 2M TEU
The Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December. The MICT has an annual capacity of 2.75 million twenty-foot equivalent units (TEU). The two millionth TEU container was offloaded from SITC Osaka, which is operated by Chinese megaliner SITC Container Lines. The container vessel originated from Ningbo in China.
Seaspan's Hybrid LNG Ferry Classed by BV
Bureau Veritas congratulates owners Seaspan as their new emission reducing ferry enters service between the British Columbia mainland and Vancouver Island. Seaspan Swift is Seaspan Ferries Corporation’s (SFC) new dual-fuelled / hybrid - diesel, liquefied natural gas and battery powered ferry. The new ferry is the first hybrid LNG fuelled and battery powered vessel in service and the first LNG fuelled vessel operating on the west coast of Canada. Additionally, the on-board bunkering of LNG from a truck trailer is a first in North America.
DP World to Develop SEZ om Aktau, Kazakhstan
Global trade enabler DP World has signed a Memorandum of Understanding (MoU) with the Government of Kazakhstan for the development of a special economic zone in Aktau further boosting trade and logistics in the country. The MoU was signed by DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem and Governor of Mangistau, Akim Alik Aidarbayev in the presence of First Deputy Prime Minister, Askar Mamin. It builds on DP World’s present management advisory services contract with the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.
Dunkirk's Volumes Rise
Annual traffic for 2016 was over 46.7 MT, an increase of 0.3% compared with 2015. However, the port of Dunkirk did not escape the effects of the economic climate in 2016, which included the technical shutdowns, for maintenance, of the ArcelorMittal steel works blast furnace No. 4 and the Versalis petrochemicals plant, the permanent closure of SRD (Société de la Raffinerie de Dunkerque) and the delayed opening of the LNG terminal. In addition, grain exports have been penalised by a poor harvest since the summer of 2016.