TOTE Finalizes Charter for LNG Containerships
TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc. and Sea Star Line LLC on the charter of the two new Marlin Class vessels…
Hamburg Süd Opens Office in India
Hamburg Süd announced the opening of an office in Gandhidham, India, on October 1, 2014. It is the second branch office in the state of Gujarat. Hamburg Süd already has three offices in Mumbai, New Delhi and Ahmedabad. Effective October 1, 2014, Ahmedabad and Gandhidham office will take over all commercial activities including marketing and sales, customer order management and day-to-day operations in Gujarat from Seabridge Maritime Agency. Paresh Kataria will head the Gandhidham branch office.
Report Shows Small Decline in Ship Operating Costs
International accountant and shipping consultant Moore Stephens said total annual operating costs in the shipping industry fell by an average of 0.3 percent in 2013. This compares with the 1.8 percent average fall in costs recorded for the previous year. Crew costs was the only category this time to show an increase over the 12 month period, indicating that ship owners continued to focus on managing costs and conserving cash in 2013.
GAC Marine Logistics Shifts Central Office to Singapore
In a move that brings it closer to key Asian markets, ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office to Singapore. The Asia Pacific region is home to a large number of ship owners and ship management companies who take advantage of the unique GML door-to-deck sourcing and delivery solution. By moving the company's central hub from Dubai in the UAE to Singapore, GML is placing itself at the heart of that growing market as well as in the same time zone.
Unlocking Seabed Secrets with Underwater Robots
From September 22 to October 13, 2014, the NATO Research Vessel Alliance is conducting the Multinational AutoNomy Experiment (MANEX ‘14) along the Ligurian coast to demonstrate the advantages of mapping the seabed using autonomous vehicles. Throughout the experiment, multiple autonomous underwater vehicles (AUVs) equipped with modern sensors relevant to NATO minehunting missions are being employed…
Bridge Milestone Celebrated at Port of Long Beach
Port, City and Caltrans officials, along with an international team of builders and designers, celebrated a key milestone today in the Gerald Desmond Bridge Replacement Project: Construction of the first set of bridge foundations is under way. “This new iconic bridge represents our future and it’s very exciting to see the construction in full swing,” said Long Beach Mayor Robert Garcia. When completed…
Yara Completes Acquisition of OFD Holding
Holding Inc. (OFD) allowing the integration process to start. The OFD operations comprise production facilities in Cartagena, Colombia and distribution companies across Latin America. Regulatory approvals have been obtained in almost all jurisdictions, including commitments which are not expected to materially impact the profitability of the acquisition. "We welcome the approvals from regulatory authorities which now allow us to close the acquisition and start the integration process.
Seismic Cooperation in Barents Sea Gives New Perspectives
Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition. “We are pleased to have found a form of cooperation that has ensured good quality data sets and low acquisition costs. This warrants rethinking and exploring new business approaches and forms of cooperation in order to reduce costs and work more efficiently also elsewhere…
MOL, Osaka Gas’s Newbuild LNG Carrier Named
Mitsui O.S.K. Lines, Ltd. (MOL) announced that a naming ceremony for the LNG Venus, a newbuilding liquefied natural gas (LNG) carrier, was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI). The vessel is under construction at MHI and will serve Osaka Gas Co., Ltd. As a large group of guests looked on, Osaka Gas President Ozaki named the vessel, and his wife cut the rope. The LNG Venus is co-owned by MOL and Osaka Gas’ wholly owned subsidiary…
Jaccar Holdings & Hartmann form JV
Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers. The new company, “United Ethane Carriers” or UEC, will be based in Singapore. Its purpose is to develop the ethane business, focusing on marketing, branding and commercial management of ethane carriers internationally. “We’ve known each other for a long time now…
Ahrenkiel Steamship Consolidates Entire Fleet at DNV GL
Ahrenkiel Steamship, the newly formed German ship management company, will consolidate its entire fleet at DNV GL. Nick Topham managing director of Ahrenkiel Steamship and Tor E. Svensen, CEO of DNV GL - Maritime, signed the cooperation agreement at the SMM trade fair in Hamburg. Ahrenkiel Steamship currently has 62 ships under technical management, all of which will join the DNV GL fleet in service. Plans for developing the fleet managed by Ahrenkiel Steamship are already underway.
MAN Diesel & Turbo SE takes Dr. Uwe Lauber on Board
Dr. Uwe Lauber (47) has been appointed to the Executive Board of MAN Diesel & Turbo SE effective as of 1 October 2014. Dr. Lauber has worked successfully in various management positions within the company since 2000. In his new role he will lead the entire sales and after sales activities of the company from Augsburg. The product portfolio of MAN Diesel & Turbo includes marine propulsion systems as well as engine-based power plants and turbomachinery. “With Dr.
DP World Acquires Dubai-based World Security FZE
DP World today announces that it has acquired World Security FZE for total consideration of $25.5 million. World Security FZE provides security services and solutions…
Keel Laid in S. Korea for 1,200-passenger Vessel
The keel of the 1,200 passenger vessel designed by the engineering and technology group SENER was recently laid in the Factory No. 2 of POSCO PLANTEC, in Ulsan, South Korea. SENER said its representatives attended to the keel laying ceremony, which was presided by members of the Zanzibar’s Government, the owner of the vessel. The ship will operate in Northern Mozambique, Dar es Salaam, Zanzibar, Tanga and Mombasa.
Frontline & TI form new VLCC Company
Frontline Management (Bermuda) Ltd. and Tankers International LLC (TI) today announced the formation of a new company, VLCC Chartering Ltd ('the Company'). *to reduce voyage related expenses and thereby improve the net earnings (TCE) of the Very Large Crude Carriers (VLCCs) operated by both owning companies through optimisation of voyages. *to reduce carbon emissions as a direct consequence of using less fuel for cargo movements through fleet optimisation.
Recipitents of Australian Search and Rescue Awards
Five Tasmania Police officers will be recognised for their outstanding contribution to search and rescue tonight at this year’s Australian Search and Rescue Awards in Sydney. Since 1996, the National Search and Rescue Council, which is made up of representatives from the Australian Maritime Safety Authority (AMSA), Australian Defence Force and state and territory police services, has presented the…
Renewable Energy Department at ClassNK
Chairman and President: Noboru Ueda of ClassNK announced the establishment of a new Renewable Energy Department. This new department which began operations on 1 October 2014 will oversee a diverse range of activities related to renewable energy, including audits and certification of new technologies. While ClassNK has previously provided certification for wind turbines, vast technological advances…
Holland America Line's Enticing Offers for Cruise Vacation
Holland America Line is planning special promotions for National Cruise Vacation Week (NCVW), which runs Oct. 6-13, 2014. Organized by Cruise Lines International Association, the weeklong event features promotions and online opportunities to give consumers a perfect opportunity to book a cruise vacation while taking advantage of special savings. “Each year National Cruise Vacation Week highlights cruising as a vacation choice…
Vallianz Acquires OER Holdings for $28m
Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte. Ltd. for $27.7 million (USD). Headquartered in Singapore, OER is a provider of manpower services to the offshore industry and has been supplying professional crew with proven experience in offshore work and related hospitality services to clients worldwide including Brunei…