Global Fallout from Hanjin Collapse
When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks, its assets left frozen as ports from China to Spain denied access to its vessels. The long-term fallout from Hanjin collapse will have far-reaching effects, but the impact is already being felt in ports around the world. Shipping is one of the sectors in which South Korea is a global leader…
DNV GL's New Project on EU LNG Market
Whilst LNG has proven to be a viable option as a bunkering fuel for ships, there are still challenges to the pace of its development and demand for LNG as a fuel. One of the obstacles to the accelerated uptake is the uncertainty regarding its availability. DNV GL is undertaking a new study on the LNG market in the EU as part of its efforts to drive the development of an EU-wide network of LNG refuelling points.
Royal Navy Warship Goes to Libya
The UK provided RFA Mounts Bay to support the Danish-led maritime operation, escorting a Danish transport ship through the Mediterranean as it carried the chemicals, the Defence Secretary and Foreign Secretary have announced. Libya’s chemical weapons stockpile was destroyed under international supervision in 2014. However, a quantity of chemicals which could be made into chemical weapons remained in the country.
Japanese Shippers Trim Fleets
The three big Japanese marine transport firms - Nippon Yusen Kabushiki Kaisha (NYK Lines), Mitsui O.S.K. Lines and Kawasaki Kisen - are decreasing the number of containerships and bulk carriers in their fleets by 10%, reports Nikkei. This is due to weak market conditions and in response to a persistently bleak business environment brought on by a supply glut. The trio operated 1,266 of the ships in all at the close of the fiscal year ended in March, but that number will fall by 122 ships.
GoFLNG Strategy Milestone for Golar LNG
Golar LNG has now passed a very significant milestone in the roll out of its GoFLNG strategy, says a statement from the company. The recent full and final investment decision (FID) of the Cameroon GoFLNG Hilli project fully validates both the technical and commercial aspects of the Company’s FLNG business model. Furthermore, achievement of this FID in the current distressed Oil and Gas market is the clearest possible demonstration of a very robust new business proposition.
Ship Finance 2016 Q2 Reveue Falls
Ship Finance International Limited earnings missed the Street expectations for the second quarter. Quarterly charter revenues $159m versus $174m in last quarter. The company reported net income of $38.81 million down from $46.8 million in the year-ago quarter. Ship Finance's total operating revenues dipped from $117.58 million to $103.99 million and came in below the analysts' predictions of $110.43 million.
Höegh Readies New Horizon Vessels
Höegh Autoliners ordered the latest additions to its fleet, the New Horizon vessels, in which the information technology on board is fully integrated and connected with the land organisation via satellite. The information and communications technology is revolutionising shipping, bringing with it a new era of ‘cyber-enabled’ ships, says the company. Jan Rune Mørken, Head of Newbuilding in Höegh Autoliners…
VLCC Delivered to Gener8 Maritime
Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it has taken delivery of the ECO VLCC the Gener8 Macedon on August 30…
MN100: Guido Perla & Associates, Inc.
With offices in the US, Brazil, Chile, China and Germany, GPA developed into an independent, full-service naval architecture and marine engineering company that since 1979 has helped vessel owners and shipyards navigate through complex newbuild, retrofit and repair projects. Its extensive design portfolio includes hundreds of offshore vessels, workboats, passenger vessels and fishing vessels constructed for commercial owners worldwide and governmental institutions.
Elcome Supplies Electronics for Abu Dhabi New Builds
Elcome International is supplying electrical switchboards, safety, monitoring and control systems for three vessels under construction at Abu Dhabi Ship Building (ADSB). Elcome’s scope of work included supply, installation and commissioning of main switchboards and electrical systems, bridge and engine room consoles, tank gauging and fire detection systems. The three vessels are being built for a customer in the Middle East for delivery in 2017.
Are We on the Crest of an Offshore Wind Wave?
This time last year, when we were preparing to host ABN AMRO’s inaugural international seminar on offshore wind the imminent Borssele offshore wind tender in the Netherlands was a hot topic.
Grand Bahama Shipyard Expands Sales Team
Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East. According to the shipyard, their prime objectives will be to increase yard exposure, as well as develop future projects with existing and new customers for their refit, refurbishment or revitalization projects. Andre Szadzinski joined GBSL in August 2016 as Regional Sales Director for North and South America.
NYC Ferry Strikes a Group of Kayakers
A New York Waterways ferry struck a group of kayakers on the Hudson River Tuesday afternoon, according to the U.S. Coast Guard. Five of the 11 kayakers were transported…
MN100: Kohler Marine
Kohler Marine generators are produced in the United States and distributed globally. Kohler Marine sales as well as aftermarket sales and service activities are globally organized. Kohler’s USA, EMEA, Singapore, India, China, Australia and Brazil offices all have dedicated Marine personnel supporting a network of regional, authorized Kohler distributors. Kohler Power Systems, a division of Kohler Co.…
W&O Promotes Key Associates
W&O, a distributor of pipe, valves, fittings as well as automation and engineered solutions, announced the promotion of two associates: Lori Ulrich to Director, Human Resources and Tammy Emerson to President, Propeller Club of Jacksonville, in additional to her sales responsibilities as Account Executive. Joining W&O in 2009, Lori Ulrich is responsible for managing the Human Resources department for W&O’s international branch network.
KfW IPEX-Bank Boosts its Presence at SMM
In an interview the departing head of the KfW IPEX-Bank Maritime Industries department, Dr. Carsten Wiebers offers insight into the facets of international ship finance as well as the challenges it currently faces. His successor Holger Apel casts a glance into the future. Carsten, KfW IPEX-Bank is once more stepping up its presence at SMM. Why? SMM is increasingly becoming a platform for topics beyond technology, such as environmental regulation or market intelligence.
JSMEA to Host Smart Ship Seminar at SMM
Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve optimum ship operation in terms of safety and energy efficiency. Armed with two new international standards – ISO/CD 19847…
Russia Honours First British Arctic Convoy, 75 Years On
British and Russian World War Two veterans gathered on Wednesday in Arkhangelsk, 75 years to the day since Britain's first Arctic convoy of military supplies steamed into the northern port.
Brazil May Open Petrobras Subsalt Area to Other Companies
Brazil may allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the exploration…
MN100: David Clark Company Inc.
David Clark specializes in providing communication solutions for high-noise environments. The firm’s noise-attenuating headset systems are used worldwide in applications where clear communication is critical. All products are made in the USA at a 250,000 square-foot manufacturing facility with over 300 employees involved in design, engineering, manufacturing and support. A quality assurance system is designed to meet the most stringent testing standards to ensure product excellence.