Danish Investors Sue Bankrupt OW Bunker
A group of Danish investors have sued OW Bunker for 800 million Danish crowns ($120 million) for misleading them in its initial public offer (IPO), after the ship fuel supplier filed for bankruptcy just months after listing. The 27 institutions, including two of the largest pension funds in Denmark, ATP and PFA, with assets of more than $165 billion, filed two lawsuits, they said on Friday. The company…
3 USCG Cutters Change Command
Three Coast Guard cutter crews officially changed commands Thursday during a ceremony in Portsmouth at Sector Hampton Roads. The crews of Coast Guard Cutters Shearwater, Sea Horse and Cochito, 87-foot Coastal Patrol Boats homeported in Hampton Roads, bid farewell to departing officers-in-charge and welcomed aboard the incoming, during the unique, triple change-of-command ceremony. Master Chief Petty…
Fincantieri: Viking Sea launched in Ancona
“Viking Sea”, the second of three ships which Fincantieri is currently building for the company Viking Ocean Cruises, was launched today at Fincantieri’s shipyard in Ancona. Interior fittings will now begin, leading the ship to its delivery scheduled in spring 2016. “Viking Star”, the first sister ship, has been delivered in March: Fincantieri is already working on “Viking Sky”, the third unit of the agreement, that will be delivered as well in the shipyard in Ancona at the beginning of 2017.
UN Transforms Business' Commitment to Sustainability
Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact. The report concludes that the UN Global Compact, as the world’s largest corporate sustainability initiative, and the…
Melbourne Fires Evolved Sea Sparrow Missiles
The Royal Australian Navy Adelaide class frigate, HMAS Melbourne, has successfully fired two Evolved Sea Sparrow Missiles, reinforcing her war-fighting and mariner skills. The missile firings were conducted off the coast of New South Wales on 24 June against two unmanned aerial targets launched from the Beecroft Range at Jervis Bay. Melbourne’s MK-41 Vertical Launch System deployed the missiles, controlled in flight…
Aker Philadelphia Appoints New CFO
Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015. Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with 10 facilities across Europe, Asia and South America. From the period 2002 to 2005, Nielsen was CFO of the shipyard in Philadelphia.
CSSC Wins 2 Survey Ships Order
On June 16th, Shanghai Shipyard Co., Ltd. under CSSC and COSCO (Guangdong) Shipyard received 3 survey ships order. The 3 ships include 2 comprehensive physical survey ships and 1 comprehensive geophysical survey ship. The 2D six cable physical survey ship designed by the No. 701 Research Institute of CSIC and built by Shanghai Shipyard Co., Ltd. is mainly used for the investigation operation of 2D seismic.
Tobruk Sails Home for the Last Time
HMAS Tobruk (II) sailed through Sydney Heads back to her home port at Garden Island for the last time today. The amphibious heavy lift is scheduled to decommission on Friday 31 July, after 34 years of service in the Royal Australian Navy. Commanding Officer Tobruk Commander Leif Maxfield said the final passage was an emotional time for the ship’s company of 167. “Today signifies that the end of the ship's seagoing life is near,” CMDR Maxfield said.
ICBC Finances EXMAR for FLNG project
EXMAR stated that on June 23rd 2015 under the witness of King Philippe of Belgium and President Xi Jinping, Mr. Jiang Jianqing, Chairman of Board of ICBC and Mr. Nicolas Saverys, CEO of EXMAR, signed the financing agreement for the world’s first floating LNG unit (FLNG – Floating Liquefaction and Storage Unit). ICBC will provide financing to EXMAR for the FLNG project in a total amount of USD 200,000,000. up to now, and also the highest technology project.
ABB: Top Innovator for Marine Industry
ABB, the leading power and automation technology group, has been awarded the Innovation of the Year Award for the recently introduced Azipod D electric propulsion product at the Electric & Hybrid Marine World Expo in Amsterdam, the Netherlands. The Innovation of the Year Award identifies pioneering technologies that push the boundaries and contribute to making electric and hybrid propulsion possible and viable.
Antwerp Port, Shanghai Maritime University Join forces
The port of Antwerp, the second-largest in Europe, is to collaborate with Shanghai Maritime University (SMU), a world-renowned centre of maritime know-how. As of next academic year four master’s students at SMU will receive a Port of Antwerp Maritime Award. With this collaboration Antwerp has opted resolutely in favour of supporting young talent. “Young potentials are the future: as a port we naturally…
Thailand Buying 3 Chinese Subs
Thailand plans to buy three Chinese-made submarines for the Royal Thai Navy at a cost of 355 million dollars each. Three Chinese-made submarines worth 355 million dollars each may be purchased by Thailand for its Royal Navy, the newspaper Bangkok Post reported today (Friday), citing a source in the country's procurement committee. The majority of the 17-strong committee voted to buy three Chinese submarines, saying it was the “best value for money”.
Scottish Ferry Workers on Strike
Rail, Maritime and Transport (RMT) union members at the ferry operator CalMac go on strike over the future of services of Scotland’s west coast as two thirds of CalMac routes have been suspended. CalMac will operate a third of its Clyde and Hebrides ferry services, with nine of 27 routes sailing as normal or to an amended timetable. The RMT union is concerned about the outcome of a tendering bid which could see the service change hands from publicly-owned CalMac to private firm Serco.
BAM Completes LNG Terminal in Aqaba, Jordan
BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC). The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule. The LNG terminal forms part of ADC’s plan for developing Aqaba’s energy ports. The government has tasked ADC to develop Jordan’s energy intake capabilities to ensure a consistent supply of energy.
Gasum, Anthony Veder Pact for a New LNG Carrier
Finnish natural gas importer Gasum and Dutch gas tanker ship-owner Anthony Veder have signed an agreement for a long term time charter of a new ICE Class 1A Super LNG carrier. The companies have agreed on a long term timecharter for a state of the art 18,000 cbm LNG carrier. The vessel will be built at German shipyard Neptun Werft and delivered at the last quarter of 2017. The new ICE Class 1A Super LNG carrier will be built at German shipyard Neptun Werft…
China Ocean Shipbuilding Acquires Jiangxi Gas
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas, which has state-owned enterprise Petrochina Kunlun (51% stake), as a controlling shareholder and which has good connections in the natural gas related industries…
Cargo Ship Celtica Hav Diverted To Aberdeen after Fire
Fire erupted in cargo holds of general cargo vessel Celtica Hav on June 25 shortly after she left Aberdeen UK, bound for Hamburg. Vessel, which was bound for Hamburg, Germany, turned back and sailed to Aberdeen, with firefighting teams already awaiting her in port. The fire was under control, but vessel suffered some damages and will need of repair. The cargo in the burning hold was also seriously damages.
Aggressive Superyacht Investment Pan for Blohm+Voss
Fred van Beers, the newly appointed CEO for Blohm+Voss, unveil details of an aggressive new investment plan in the superyacht sector. Over the next year, the company is restructuring some independent divisions under the same roof. It’s further offering lifetime warranties and monitoring equipment on all new builds. This plan has been prepared over the past few months in partnership with Star Capital and the Board of Directors.
Australian Bio-Robots to Explore in the Indian Ocean
CSIRO will be releasing a fleet of floating bio-robots between Christmas Island and Madagascar next week to measure biological indicators in the Indian Ocean including dissolved oxygen, nitrate, organic matter and particles. A bio-robot is a robot which can measure properties relevant to biology like organic matter. Four bio-robots, each worth up to $100,000, are being dropped into masses of spinning water.
New Vessel Traffic Management System for Portsmouth
BAE Systems has been awarded a £5.5 million contract to install a new Vessel Traffic Management System to assist in the controlling and monitoring of all ship movements within Portsmouth Harbor and the Eastern Solent. The contract is the latest development in the partnering agreement between BAE Systems, the Royal Navy and the Ministry of Defense to modernize HM Naval Base Portsmouth and prepare for the arrival of HMS Queen Elizabeth…