Asian Traders Unload Floating Gasoline as Market Flips
Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline in waters off Singapore and Malaysia is dwindling as the fuel is sold off or shifted to cheaper onshore storage because of changes in forward delivery terms, traders familiar with the matter said. With the economics of storing the fuel on tankers no longer viable due to a stronger forward market…
Bulgaria, Greece to Consider Greek LNG terminal
Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied…
China to "Pressure" U.S. on Maritime Issues
China will "pressure" the United States on maritime issues at talks in Beijing next week because of Chinese concern about an increased U.S. military presence in the disputed South China Sea…
New Norsafe Boat with Diesel Outboards Debuts
Norsafe launched a new boat, the Marathon 900 RIB, the company's first RIB complementing an already wide range of boats for professional and military customers. The Marathon 900 RIB was demonstrated with two newly developed Mercury outboard engines that can run on diesel fuel. Mercury OptiMax Diesel Outboard, which was developed for the U.S. Armed Forces, is a 3.0 liter V6 engine that produces 175 propshaft horsepower.
Petrobras Announces new President, Management Changes
Petrobras reports that it has received the letter of resignation of Mr. Aldemir Bendine the functions of a member of the Board of Directors and President of the Company today. In addition, Mr. Bendine also resigned today, the office of member of the Board of Directors of Petrobras Distribuidora - BR. In view of the resignation, the Board held a special meeting that has elected Pedro Pullen Parente engineer as a member of the Board of Petrobras today.
Strategic Marine Building Luxury Crewboat
Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year. “The vessel is currently under construction at Strategic Marine’s facility in Vietnam,” said Rob Boersma, Senior Business Development Manager of Strategic Marine. The luxury crewboat will transfer crews from shore to LNG and natural gas processing plant in Indonesia’s oil and gas industry.
Harding Sold to Palfinger
The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is one of the leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Through this acquisition, PALFINGER will add new products and an international service network to its marine business.
First German-Latvian Maritime Forum in Riga
On 19 May, Ziemelblazma Culture Palace in Riga, the Latvian capital was the venue for a meeting between numerous representatives of the Ports of Liepaja, Riga, Ventspils, Lübeck, Kiel and Hamburg. This was hosted by the three Latvian ports and Port of Hamburg Marketing (HHM). For Marina Basso Michael, Head of Market Development for the Baltic Region and Eastern Europe for HHM, and Axel Mattern, CEO of HHM, Riga was an excellent place to hold the first “German-Latvian Maritime Forum”.
Queen Mary 2 set for Extensive Blohm + Voss Refit
On May 27, at 8:00 PM, the Queen Mary 2 docked at Blohm+Voss at dry dock ELBE 17, well-known to the ocean liner. There, the flagship of the long-established British shipping company Cunard Line will undergo the largest refit program since being brought into service. It is the sixth time that the Queen Mary 2 docks at Blohm+Voss. A total of 50 new cabins are fitted or remodeled in line with this year’s master refit, 35 of them in the front section of deck 13.
BigLift Transports Two Siwertell CSU’
Earlier this month, BigLift Shipping’s Happy Dynamic successfully transported two 560 mt Siwertell Continuous Ship Unloaders (CSUs) from Chioggia, Italy, to Liverpool, UK. The CSUs are 35 m high and 24 m wide and, when in service, have a discharge capacity of 1,200 tons / hour. Both were loaded completely assembled – ready to be taken into service after discharge. The CSUs were loaded in a tandem lift operation by Happy Dynamic’s two 400 mt cranes.
Trim Optimization – Saving Fuel on Offshore Supply Vessels
A joint development project (JDP) between DNV GL, Statoil and Farstad Shipping has demonstrated that offshore supply vessels (OSV) can save up to 21,000 Euros on their annual fuel bill, by running the vessel at optimal trim. The project partners carried out a comparative study in the North Sea to document potential energy savings created by using DNV GL’s trim optimization tool ECO Assistant on a platform supply vessel (PSV).
The Impact of Hull Form on Efficiency
There is a growing interest in the fuel efficiency of ships because of fuel prices, climate change and energy security issues. This has resulted in, amongst other things, a regulation governing the design efficiency of new ships called the Energy Efficiency Design Index (or EEDI for short). As of 2013, new ships are required to have an EEDI that meets or exceeds a target. The required EEDI is set as…
Singapore Shipping Profits Up
Singapore Shipping Corporation(SSC)'s net profit increased 7.8 per cent to US$9.6 million for the financial year ended March 31, 2016, compared to the previous year. Revenue rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier. Singapore-listed SSC said three vessels are due for drydocking in financial year 2017 and the group expects earnings from the shipowing segment to remain stable.
Shipping Corp Seafarers on Hunger Strike
Around 200 seafarers with Shipping Corporation of India (SCI), the country's largest shipping company, are on a hunger strike (industrial action) since Saturday over wages and arrears. According to a Press Trust of India report, these seafarers, deployed on 15 vessels owned and operated by the Centre, launched their strike demanding revised wages in accordance with the clauses of National Maritime Board Indias agreement.
Elektrans Shipping Appoints Deepak Arora as MD
Elektrans Group announced the promotion of Capt. Deepak Arora to Managing Director of Elektrans Shipping Pvt. Ltd. Capt Arora has been with the Elektrans Group for 4 years during which he has served in several executive positions within Elektrans, proving himself as a committed company advocate. He has diligently proven to be an utmost capable, loyal, hard-working as professional key manager with Elektrans, quickly gained respect as a strong functional as visionary leader.
DNV GL’s Ellen Crivella Named 2016 Rising Star by Women of Wind Energy
DNV GL’s Ellen Crivella was honored with the 2016 Rising Star Award at the Women of Wind Energy (WoWE) luncheon at the 2016 AWEA Windpower Conference and Exhibition. Each year, the Rising Star Award recognizes a woman relatively new to wind energy who has already made significant professional contributions and shown unusual talent, dedication and innovation in their wind industry work. As DNV GL’s global head of practice for environmental and permitting services…
Full-term Certificates for “MV. Ceylon Breeze” from DNV GL
DNV GL has added to its registry as of March 2016 a new vessel built for Ceylon Shipping Corporation (CSC), a fully Sri Lanka Government-owned commercial enterprise and company with a 45-year-long tradition in shipping. Bulk carrier “Ceylon Breeze” built at the AVIC Weihai Shipyard Co, Ltd China will be flying the Sri Lanka Flag, with home port Colombo and is the first of two sister vessels having a registered length of 199 metres and displacement of 63…
CMA CGM Intends Offer to Acquire NOL
Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.A.
Wärtsilä Electrical Systems for SIEM RoRo Ferries
Wärtsilä has been awarded the contract to provide integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft (FSG) yard in Germany. The electrical systems to be delivered include all products and services available from Wärtsilä SAM Electronics. The vessels are contracted by SIEM RoRo Carriers Ltd., and two will be chartered to Denmark's DFDS and two to EKOL of Turkey.
APM Terminals Bahrain Push for Safety, IT systems
Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance and information technology systems, including the successful completion of a Load Collision Prevention System (LCPS) pilot project scheduled to be implemented throughout the APM Terminals Global Terminal Network. “Our HSSE, Terminal…