NYK and Stolt Tankers Commemorate 30th Anniversary
On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companies’ parcel chemical tanker joint venture in Asia and the Pacific.A parcel tanker is a multipurpose chemical tanker capable of carrying many types of cargo, including chemical products, kinetic vegetable oil, etc.The ceremony was attended by Yuji Nishijima, executive officer of NYK; Bjarke Nissen, managing director of Stolt Tankers; and Masahito Hirano…
Maritime Cyber Attacks Increase 900%
Cyber-attacks on the maritime industry’s operational technology (OT) systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year end.Addressing port and terminal operators during an online forum last week, Robert Rizika, Naval Dome’s Boston-based Head of North American Operations, explained that in 2017 there were 50 significant OT hacks reported, increasing to 120 in 2018 and more than 310 last year. He said this year is looking like it will end with more than 500 major cyber security breaches…
Adani Ports, L&T Ink Pact for Kattupalli Port Operations
Adani Ports has entered into a non-binding Memorandum of Understanding with L&T Shipbuilding Limited (L&T) for evaluating the operations of the port at Kattupalli, Tamil Nadu, with effect from October 1, 2015 for a period of one month. The development comes amid reports that Gautam Adani-led Adani group is likely to take over the operational and management control of L&T Kattupalli International Container Terminal near Chennai to strengthen its presence on the east coast. The definitive agreements would be entered into later. While all non-operating revenues and expenses will be to L&T s account. Adani shall be responsible for EBIDTA gains and losses arising from the Port operation for this period. The shipyard will continue to be managed and operated by L&T, it added.
Shipbreaking Laws to be Tightened by European Union
The European Commission has proposed new rules to ensure that European ships are only recycled in facilities that are safe for workers and environmentally sound. More than 1000 large old commercial ships, such as tankers and container vessels, are recycled for their scrap metal every year, but many European ships end up in substandard facilities on the tidal beaches of South Asia. These facilities mostly lack the environmental protection and safety measures needed to manage the hazardous materials contained in end-of-life ships. These include asbestos, polychlorinated biphenyls (PCBs), tributyl tin and oil sludge. This leads to high accident rates and health risks for workers and extensive environmental pollution.
Brazil Shipbuilding: A Forecast
The rise and fall of the Brazilian shipbuilding market is well-known, having plummeted from the top of the world list in the early 1980s to the bottom by 1999. Today, Brazil is storming back, an amazing revival of the nearly defunct shipbuilding industry driven by the sudden influx of orders from major offshore oil & gas players, namely Petrobras. Today the shipbuilding market in Brazil has in excess of 100 firm orders for ships in a variety of shapes and sizes, in addition to a large number of drill rigs and production unit orders. In addition, companies from around the globe are flocking to Brazil to set-up shop and engage in the industry’s renaissance.
Sigma Adds to its Coatings Line
As an acknowledged industry leader in Marine tank coating technology Sigma Coatings has added another groundbreaking product to its assortment which already includes Sigma Phenguard and Sigmaguard CSF. After successful use in non-marine applications such as land based storage tanks, Sigma Coatings has just launched the solvent free epoxy phenolic tank coating Sigma Novaguard for Marine applications. Sigma Novaguard has increased chemical resistance versus Pure Epoxy and standard Solvent Free Epoxy tank coatings currently on the market whilst possessing the same excellent flow and edge coverage properties of the Sigma solvent free product range.
Dina Supplier Marks 100 for UT755
The delivery of Dina Supplier marks the delivery of vessel number 100 of the UT 755 design from Rolls-Royce. While the initial UT 755 design is more than 10 years old, the PSV Dina Supplier is considered to be a modern ship, equipped with the updated technology. Dina Supplier is being delivered to Myklebusthaug Offshore AS (Fonnes, Norway), the owner’s second vessel of the UT 755 LC design, and the sixth delivered from the shipyard Simek AS in Flekkefjord, Norway. Simek has another four vessels of the same type in their order book. “This kind of tonnage is still attractive in the market and the UT 755 series may well be the first offshore vessel design to reach 200”, said Jørn Heltne, Vice President of Rolls-Royce, when the contract for Dina Supplier was signed.
West Asia Maritime Signs $33.5M Deal with Mitsui
West Asia Maritime Limited (WAM) has signed an MoU of $33.52M deal with Mitsui & Co, Japan for taking a IHIMU, Japan built geared 56,120 DWT Bulk Carrier under Bareboat Charter with purchase option. The new vessel, which is to be delivered in 1st Quarter 2008, is chartered for 12.5 years and will be trading worldwide for the movement of dry bulk cargoes. This is the first time that an Indian shipping company has taken this route to control with an option to acquire ships. Under the proposed deal, WAM would be getting the vessel for a long period with minimal investment and also have purchase option. WAM can now buy the asset at any time during the charter period at a pre-determined price.
