Granqvist Joins Volvo Penta Executive Team
Peter Granqvist will take up the position of Senior Vice President for Product Development, Planning and Purchasing, replacing Johan Inden, effective September 1.Granqvist is joining Volvo Penta from DENSO Corporation where he currently is the President and Managing Director for Sweden. He brings to the role a background in industrial engineering, business management and higher education.As of July 1, Inden took up the role of President Region Europe, replacing Stefan Carlsson.
Global FPSO Market to Exceed USD 115 bln by 2024.
Global FPSO Market is anticipated to witness growth of 19% and exceed USD 115 billion by 2024. Rising demand of hydrocarbons and increase drilling activities for exploration and production will drive the industry growth.Increase in the conversion of vessel to FPSO to augment the productivity and minimize the capital expenditure may complement the business growth, said a report from Global Market Insights.Converted FPSO market is witnessed to grow over 18%.
ExxonMobil: Quicker, More Efficient and Transparent Bunkering
Automation of measurement of fuel deliveries expanded to cover ExxonMobil Premium HDME 50 marine fuelExxonMobil claims it is the first to supply via an independently accredited mass flow metering system (MFMS) in the Amsterdam-Rotterdam-Antwerp (ARA) region. ExxonMobil Premium HDME 50 marine fuel is now available through an MFMS that has received third-party accreditation from Lloyd’s Register.The move…
More Ships Adding Scrubbers ahead of 2020
An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start…
Low Water Still Troubles River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after a recent drought and freight vessels cannot sail fully loaded on the rivers, traders said on Tuesday.Rhine water levels have risen after rain in recent days but still remain well below levels that would allow normal sailings, they said.“Most vessels are only sailing about 30 percent full,” one trader said. “The situation is worst in southern sections of the river…
VLCC Explodes off Oman Coast
A Shipping Corporation of India very large crude carrier (VLCC) has suffered an explosion in one of its cargo tanks while transiting off the coast of Oman, the shipowner confirmed Tuesday.Three crew members of the 316,409 DWT oil tanker Desh Vaibhav are reported missing, and one person with burn injuries has been evacuated by helicopter, according to a press release issued by the shipowner.The 2005-built Desh Vaibhav was sailing toward Fujairah, UAE when the blast occurred around 9:35 a.m.
Baltic Index Gains on Higher Rates Across Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Tuesday on firmer rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 16 points, or 0.9 percent, at 1,725 points.The capesize index gained 51 points, or 1.4 percent, at 3,587 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, i
Dellner to Launch New Braking System at SMM
International brake supplier Dellner Brakes AB said it will launch new range of ‘plug and play’ electrohydraulic braking systems at this year’s SMM in Hamburg.The new BUEL STL systems provide a compact, self-contained solution for stopping, turning and locking ship propeller shafts on vessels of all sizes, as well as for industrial applications. They are the first to combine technologies from Swedish-based Dellner Brakes and new sister company…
Norway Expands AI Lab
Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not to lag behind.To strengthen national efforts on artificial intelligence, Telenor, NTNU and SINTEF are inviting Norwegian businesses to partner on the new Norwegian Open AI Lab. Additional partners will include DNB, DNV GL, Equinor, and the Kongsberg Group.While the Norwegian Open AI Lab will develop solutions specific to the partners’ industries…
China Navigation Company Opens Vancouver Branch
China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.
HMCS Montreal Arrives at Halifax Shipyard for DWP
The Royal Canadian Navy’s Halifax-class frigate, Her Majesty’s Canadian Ship (HMCS) Montreal, arrived at Halifax Shipyard for a 53-week docking work period (DWP) that includes routine maintenance and upgrades to ensure the ships longevity.More than 400 Halifax Shipyard employees will work on HMCS Montreal DWP, including apprentice and journeyperson crane operators, electricians, engine fitters, ironworkers…
GulfNav Upgrades Fleet to Meet New Environmental Rules
Dubai-based shipping company Gulf Navigation Holding (GulfNav) is upgrading its fleet with new technologies that will help reduce the vessels’ fuel consumption and prepare them for new environmental regulations.Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding said: "An important investment expense, for which we have allocated a substantial amount of the company’s revenues in this quarter…
Baleària Acquires Visemar One
Spanish ferry company Baleària has decided to buy Visemar One, a 2010-built RoRo/passenger ship which has been part of the company’s fleet for seven years."Baleària has just invested close to 55 million euros (USD 62.4 mln) in the acquisition of the vessel Visemar One , which has been sailing for the company for seven years. With this purchase, the fleet of boats owned by Baleària reaches 26 units out of a total of 30…
Danaos Corporation Slashes Debt
Danaos Corporation, a leading international owner of containerships, has announced the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital structure and reducing its outstanding debt by approximately USD 551 million.The debt refinancing strengthens the Company's financial position through the significant debt reduction, reset financial and certain other credit facility covenants…
HudsonTrident Announces Updated Facility Security Course
HudsonAnalytix, Inc. announced its maritime security subsidiary, HudsonTrident has updated its Facility Security Officer Course to reflect recent changes in the International Ship and Port Security Code Model Course.The course was reviewed by the U.S. Coast Guard and found to meet the standards of competence provided in 33 CFR 105.205, International Ship and Port Facility Security Code (ISPS) Part A/2.1.8…
Keel Laid for Future USNS Puerto Rico
A ceremony celebrating the keel authentication of the Navy’s 11th Spearhead-class Expeditionary Fast Transport ship, the future USNS Puerto Rico (EPF 11), was held last week at Austal USA’s Mobile, Ala. shipyard.A keel laying is the formal recognition of the start of a ship’s construction, as the keel is the symbolic backbone of a ship. The keel was said to be “truly and fairly laid” as it was authenticated by the ship’s sponsor…
Meyer Implements CADMATIC Software at Finnish, German Yards
Cruise ship building giant the Meyer Group is implementing CADMATIC’s design and information management software in an effort to boost and harmonize the outfitting design and construction of vessels at its Finnish and German shipyards.Meyer is taking CADMATIC software into expanded use at its shipyard in Turku, Finland and introducing it in Papenburg and Rostock, Germany. The goal of the investment is to shorten lead-times in design and construction…
Ampelmann Wins North Sea Contracts
Ampelmann has strengthened its position in the North Sea this year after being awarded four new contracts and two extended scopes of work in the basin.The projects will see six E-type gangway systems deployed for planned shutdown campaigns and ongoing fabric maintenance support by different major operators across the UKCS.Utilising motion compensation technology, Ampelmann’s E-type is the largest system in the company’s portfolio and is ideally suited for the harsh environment of the North Sea…
APM Terminals Bahrain Opens New Online Platform
APM Terminals Bahrain has launched the 'Lift' portal which allows customers to track and trace their goods, check the status of shipments and vessels and schedule deliveries - 24 hours per day, seven days a week.Lift works to optimize operations by allowing customers real-time visibility into the status of the cargo in a container facility, enabling them to manage all aspects of the terminal process and improving their business at the same time.
South Korea Tops Global Shipbuilding Industry in July
South Korea maintained its number one ranking in the global shipbuilding market in July. The South Korean yards were responsible for almost half of all new orders placed in July 2018.According to Clarkson Research, Korea received orders in July totaling 970,000 compensated gross tonnage or CGT, a measure of work needed to build a vessel. That accounts for about fifty percent of the month's global shipbuilding…
