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Value Added News

26 Sep 2023

HD KSOE Engineering Vice Chairman Receives Industrial Award

Ga Sam-hyeon (Source: HD KSOE)

HD Korea Shipbuilding & Marine Engineering Vice Chairman Ga Sam-hyeon has received the Silver Tower Order of Industrial Service Merit for his contribution to national industrial development.The award was made in recognition of his achievements as a manager who contributed to the development and take-off of Korea's shipbuilding industry.The award was presented at the 20th Shipbuilding and Maritime Day Ceremony held in Seoul on September 20.Ka joined the ship sales division of HD…

22 Sep 2023

Britain's Princess Anne to Open £420M Aberdeen Port Expansion Project

Aberdeen South Harbour pictured in August 2023 with vessels supporting oil and gas, renewables, cruise and cargo in port. Credit: Port of Aberdeen

Britain's Princess Anne will on Friday officially open Port of Aberdeen’s £420 million South Harbor expansion project on Friday. The project is expected to catalyze a multi-billion-pound economic and job boost for Scotland.According to a press release issued by the port, independent analysis forecast that when the expanded Port of Aberdeen reaches its full potential the port’s Gross Value Added contribution will jump 60% to £2.4 billion and increase the number of jobs supported by 45% to 17…

19 Jun 2023

IEC Telecom Debuts Starlink-Powered LEO-based Solution

Image courtesy IEC Telecom

IEC Telecom will showcase the benefits of LEO connectivity to the Philippine maritime sector when it takes part in this week’s PhilMarine, an exhibition which gathers key national stakeholders and international specialists.IEC Telecom will showcase the benefits of LEO connectivity to the Philippine maritime sector when it takes part in this week’s PhilMarine, an exhibition that gathers key national stakeholders and international specialists to help draw a roadmap towards achieving the nation’s 2028 transport vision…

05 May 2023

HGK Shipping and Hydrogenious to Design Inland Waterway Vessel with Hydrogen Carrier Tech

Photo: (from left to right) Dr Daniel Teichmann, the Chairman of the Board of Directors at Hydrogenious LOHC Maritime and the CEO and founder of Hydrogenious LOHC Technologies, and Steffen Bauer, CEO at HGK Shipping, sign a Memorandum of Understanding (Copyright: HGK Shipping / Hydrogenious LOHC)

Germany-based inland waterway shipping firm HGK Shipping has signed a memorandum of understanding with Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies to work on developing a scalable solution to make hydrogen available as a source of energy on a large scale. The technology is based on hydrogen, which is bound in a liquid carrier (LOHC, liquid organic hydrogen carrier). The partners are planning to develop a demonstration vessel by 2028 and then put it into service…

27 Mar 2023

NYK to Make Mitsubishi Ore Transport its Wholly-Owned Subsidiary

(File photo: MOT)

NYK agreed to obtain all the shares of Mitsubishi Ore Transport Co., Ltd. (MOT) from Mitsubishi Corp. (MC), Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine & Nichido), and Mitsubishi Heavy Industries, Ltd. (MHI), making MOT its wholly-owned subsidiary.MOT is a joint company of NYK, which owns a 40.28% stake, MC, Tokio Marine & Nichido, and MHI, mainly operating vessel management and ship-owning businesses with 17 ships consisting of bulkers, pure car and truck carriers, and wood-chip carriers.

07 Mar 2023

Navarino Expands Partnership with Cobham Satcom

(Image: Cobham Satcom)

Maritime communications and connectivity company Navarino and radio and satellite communication (satcom) solutions provider Cobham Satcom have extended their strategic partnership based on integration of next generation SAILOR XTR antennas with Navarino’s global connectivity services.Navarino, the world’s largest Inmarsat Fleet Xpress Value Added Reseller, also offers a full portfolio of Ku-Band solutions leveraging networks from Intelsat and SES. With Cobham Satcom as a partner…

14 Feb 2023

Methanol Expanding in Bulker Segment

(Image: MAN Energy Solutions)

Long-term MAN Energy Solutions licensee Mitsui E&S Machinery has won another contract to supply the individual MAN B&W 6G50ME-LGIM (-Liquid Gas Injection Methanol) engine for a 65,700 dwt bulk carrier slated for construction at Tsuneishi Shipbuilding Co., Ltd. The vessel represents the latest methanol-fueled engine ordered by the bulk carrier segment in recent weeks.Sachio Okumura, Representative Director and President & Executive Officer of Tsuneishi Shipbuilding, said, “For Tsuneishi Shipbuilding…

10 Jan 2023

Campbell Shipping Extents Contract with Inmarsat

(Photo: Campbell Shipping)

Bahamas-based ship-management group Campbell Shipping has extended its relationship with mobile satellite communications company Inmarsat with an agreement that adds Fleet Care and Fleet Secure Endpoint to its existing 12-vessel Fleet Xpress solution. Campbell Shipping will now be able to carry out remote maintenance, support and repairs, and comprehensive network protection, on top of fast, reliable and extensive global coverage already provided by Fleet Xpress.These performance…

12 Dec 2022

Louisiana Announces $1.8 Billion Port Expansion Project

The new Louisiana International Terminal in St. Bernard Parish will be able to serve vessels of all sizes, dramatically increasing the state's import and export capacity. (Photo: LED)

A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.New Jersey-based Ports America…

30 Nov 2022

Inmarsat to Roll Out IoT Solution to More than 60 Zamil Offshore Vessels

©Zamil Offshore via Inmarsat

Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data delivered through Inmarsat’s Fleet Xpress - will allow Zamil to identify, trial and select the best solutions to meet vessel performance expectations set by its charterer, Saudi Aramco. The news of the deal between Inmarsat and Zamil Offshore follows a successful trial on the fleet’s anchor tug, Zamil 57.

28 Nov 2022

Shell to Acquire PANOLIN's ECL Business

Parminder Kohli (SVP Shell Lubricants (Europe, ME & Africa)) centre with members of the Lämmle family and Lorenz Burkart (Shell Switzerland Country Chair) (far right) (Photo: Shell)

Supermajor Shell anounced its subsidiaries in Switzerland, the UK, US and Sweden have entered into agreements to acquire the environmentally considerate lubricants (ECLs) business of the PANOLIN Group.The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products – for hydraulics, gears, universal tractor transmission oils, biodegradable engine oils (HDEO), turbine oils…

22 Sep 2022

Port of New Orleans Board Elects Jensen as Chairman

Jack C. Jensen, Jr. (Photo: Port NOLA)

Rhe Board of Commissioners of the Port of New Orleans (Port NOLA) on Thursday elected Jack C. Jensen, Jr. to serve as Board Chairman, succeeding Charles H. Ponstein, whose term as Chairman ended this month. Also elected were Joseph F. Toomy, who will serve as Vice Chairman, and Walter J. Leger, Jr., who will serve as Secretary-Treasurer for the nine-month term.“Jack Jensen has brought decades of transportation and logistics experience to this board, and we look forward to his…

21 Jul 2022

W&O Supply Acquired by MiddleGround Capital

W&O Supply president Todd Nestel  (Photo: W&O Supply)

Private equity firm MiddleGround Capital has acquired PVI Holdings, Inc., the parent company of W&O Supply, Setpoint Integrated Solutions and A-T Controls.“It was a cultural fit from our first meeting. MiddleGround brings a unique style to private equity that has my team fired up about the future,” said Brad Bergeron, PVI CEO. “We value their operational expertise, passion for continuous improvement, and believe they are the perfect owner for PVI’s next phase of growth.”PVI is a flow control distributor focused on serving MRO applications across marine…

07 Jul 2022

KVH Debuts KVH ONE Hybrid Network and TracNet Terminals

(Image: KVH Industries, Inc.)

KVH Industries, Inc. introduces the KVH ONE hybrid network and TracNet terminals for fast, reliable connectivity at sea and at the dock. The TracNet H30, H60, and H90 terminals feature satellite, cellular, and Wi-Fi technology under one dome, with intelligent, automatic switching based on availability, cost, and quality of data connection to continually deliver the best performance. The KVH ONE network includes 276 million sq. km (106+ million sq. miles) of satellite coverage using KVH’s global, layered HTS network, powered by Intelsat.

22 Jun 2022

Echandia, Toshiba Partner On Fuel Cells for Maritime

Magnus Eriksson, CEO Echandia (Photo: Echandia)

Echandia, a developer of energy solutions for maritime electrification, has entered into an agreement to deepen its collaboration with Toshiba. The partnership agreement will focus on the development of fuel-cell technology combined with batteries to accelerate electrification of the maritime sector.The two companies have a long history of collaboration. Historically, Echandia has built its Lithium Titanium Oxide (LTO) based battery systems based on the Toshiba rechargeable LTO battery cell SCiBTM.As demand for electrification of deep-sea and larger vessels builds up…

11 May 2022

Inmarsat Launches Fleet Xpress for Shipyards

(Photo: Inmarsat)

Mobile satellite communications company Inmarsat aid it has made its Fleet Xpress maritime broadband service available to shipyards. Installed during new building, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel, the company said.“Fleet Xpress for Shipyards is a game-changer for shipbuilders and owners alike, streamlining installation…

21 Jul 2022

Keppel O&M Wins FPSO Integration Work Worth $180.4M

Credit: Keppel O&M

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine, which is set to merge with Sembcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore, and SBM Offshore.The first contract is between Keppel Shipyard and BW Offshore to carry out the integration work on a newbuild FPSO.

04 May 2022

Inmarsat Says Its 'Fleet Xpress Enhanced' Enables Digitalization, Decarbonization, and Crew Wellfare

Credit: Inmarsat

Maritime satellite communications company Inmarsat now offers a service called 'Fleet Xpress Enhanced', which it says enables digitalization, decarbonization, and crew wellfare for the global shipping sector,."Fleet Xpress, enhanced by Fleet Edge, brings together the best of Inmarsat connectivity solutions to help global shipping companies harness the full power of a connected maritime ecosystem," Inmarsat says."Shipping companies can harness the full power of a digitally connected…

08 Mar 2022

ChartWorld Suspends Services to Russian Vessels and Companies

© Taras / Adobe Stock

Following the Russian invasion of Ukraine, ChartWorld has announced the suspension of ECDIS, chart, and navigation data services to Russian-owned and managed vessels. Current vessels will be provided with chart updates to allow them to reach the next port safely but have been asked to find new suppliers for all future voyages. The group's other companies, including navigation and ENC software development company SevenCs, have also suspended all projects and software deliveries to Russian companies and vessels.Steven Schootbrugge…

01 Feb 2022

ABS, N-KOM Testing Remote Survey Techniques for Shipyard Surveys

Credit: ABS

Maritime classification society American Bureau of Shipping (ABS) and Nakilat - Keppel Offshore & Marine Ltd. (N-KOM) have teamed up to examine how techniques developed by ABS for its program of remote survey of vessels in service can be applied to surveys and inspections in the shipyard.Remote inspection technologies will be applied to six Class surveys for this trial, to test how they can then be used to verify the required survey or inspection by ABS Surveyors to optimize scheduling and minimize downtime for both the shipyard…

14 Dec 2021

ESAB Welding Power Sources Are Cloud-enabled

(Image: ESAB)

As companies around the globe seek to optimize operations through digitization, ESAB Welding & Cutting Products announced that its Aristo 4004i Pulse, Aristo 5000i and Aristo U5000i advanced welding power sources are sold exclusively as WeldCloud-enabled systems. The Aristo 500ix will continue to be sold as A WeldCloud-optional system. To encourage use, ESAB will offer Aristo purchasers a free three-month trial period, which can be activated at any time.WeldCloud is a suite of online data management applications that enables users to improve overall operational efficiency by monitoring…

10 Dec 2021

Shipping Costs: Another Danger for Inflation-watchers to Navigate

© Idanupong / Adobe Stock

Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fueling inflation well into 2023.Shipping rarely figures in economists' inflation and GDP calculations, and companies tend to fret more about raw materials and labor costs than transportation. But that might be changing.The cost of shipping a 40-foot container (FEU) unit has eased some 15% from record highs above $11,000 touched in September, according to the Freightos FBX index.

05 Jan 2022

Seaspan's 70-ship Newbuild Program Fully Financed with $1.4 Billion Deal

© aerial-drone / Adobe Stock

Containership giant Seaspan Corporation announced on Wednesday that it now has financing lined up for its entire 70-vessel newbuild program.With the completion of the latest $1.4 billion deal in December, Seaspan said its financing proceeds are approximately $6.9 billion.Seaspan, a subsidiary of Atlas Corp, said the $1.4 billion will be used to finance ten 15,000 TEU LNG dual-fuel newbuilds, the last of its recent $7.6 billion containership ordering spree, including three ships that have already been delivered.