Wilhelmsen and Wallenius to Merge
Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model.
Deltamarin Designed Ro-pax Vessel for Mols-Linien
Deltamarin Ltd is to provide the Finnish Rauma Marine Constructions Oy shipyard with design services for a ro-pax vessel to be built for the Danish Mols-Linien A/S. Deltamarin’s scope of work includes basic and detail design of the hull outfitting, machinery and cargo areas. The new 158-metre ro-pax vessel will be designed and optimised to carry passengers and cargo between the Danish islands of Bornholm and Sjaelland. The cargo capacity will be 1,500 lane metres.
Embracing New Hull & Propeller Performance Criteria
ISO 19030 – to be published shortly – defines a set of fully transparent methodologies to measure changes in hull and propeller performance. As a leading coatings manufacturer, Hempel pioneered the performance guarantee based on achieving efficiency savings from maintaining a fouling-free and smooth hull. Therefore, Hempel warmly welcomes the introduction of this internationally recognised and accepted set of measurement standards.
ABS Launches Guide for Container Shippers
Class Society builds on long history of developing tools to drive optimization, compliance and safety in the containership sector. ABS released two new tools specifically focused on assisting the containership sector with pressing operational challenges. The Guide for Certification of Container Securing Systems (Container Securing Guide), along with its companion software, and the Guide for Fire-Fighting…
LOC Enters Offshore Wind Farm Sector in Korea
London Offshore Consultants (LOC) has clinched its first ever windfarm project work in the Asia Pacific region. LOC in Korea has been jointly appointed by reinsurers Swiss Re and Korean Re as the marine warranty surveying service provider for the Tamra Wind Farm project. This is the first offshore wind farm project in Korea located off the coast of Jeju Island about 0.5 – 1.0km from the shore. “We are delighted to have a chance to work closely withTamra Offshore Wind Power Co.…
Mumbai Port's Container Terminal to handle Dry Bulk Cargo
Mumbai Port Trust has allowed berthing of dry bulk cargo vessel at its OCT (Offshore Container) Terminal on trial basis following persuasion by members of Mumbai and Nhava Sheva Ship Agents Association to overcome congestion. The two vessels that were allowed to berth at the OCT Terminal were MV Julia Oldendroff and MV Interlink Fidelity. Welcoming the initiative by Mumbai Port to allow berthing of dry bulk vessels at the OCT Terminal…
Its Time to Act for Minimising Cost: EU F-Gas Regulations on Refrigerants
The cost of refrigerant and regulatory compliance in the next five years will become as commercially important to vessel operations as regulations governing sulphur emissions are today, warns Robert Chesters, Managing Director Oceanic Technical Solutions. “If shipowners fail to make their plants gas-tight, they could face refrigerant cost increases of up to 20% when stringent EU Regulations on Fluorinated Greenhouse Gases (F-Gas) enter in to force in 2020,” he says.
Underwater Inspections a Boon - Hydrex
Building upon conventional technical skills and know-how while also taking advantage of the latest technology, Hydrex offers a unique hull monitoring service to its customers. This gives shipowners total control of their ship's hull condition and consequently its performance, with only a minimum of work on their part. Underwater inspections represent a small investment and, if properly done, have the potential to save an owner a great deal of money.
Hanjin Files for Bankruptcy in U.S.
South Korea’s troubled container shipper Hanjin Shipping Co Ltd has filed for bankruptcy in the United States to protect its vessels from being seized by creditors, the Wall Street Journal reported. Hanjin filed for protection under chapter 15, the section of the U.S. bankruptcy code that deals with international insolvency matters, on Friday to a court in U.S. Bankruptcy Court in Newark, New Jersey.
53 Hanjin Vessels Denied Port Access
The problems that collapsed South Korea’s Hanjin Shipping could be just the tip of the iceberg. Its fleet is either stuck in ports or unable to dock, with port authorities fretting that the company will not be able to pay its bills. According to Business Korea, the company’s 53 vessels – 48 container ships and 5 bulk carriers – were stranded indefinitely or blocked from ports at home and abroad. One vessel was seized by the ship owner.
Japanese Shipbuilding Alliance Threatens Korea
According to the Nikkei, Mitsubishi Heavy Industries Ltd. (MHI) has entered negotiations with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd., each first, third, and fourth, respectively, in terms of shipbuilding tonnage, to form an alliance in the area of commercial ships. The plan of the alliance is to pool their resources in efforts to compete more effectively with their Chinese and Korean rivals, reports Korea Herald.
Two Greek Shipping Firms Indicted
Greek shipping companies Oceanic Illsabe Limited and Oceanfleet Shipping Limited, and two of their employees, were convicted of violating the Act to Prevent Pollution from Ships (APPS)…
Challenges in Brazil Could Benefit Tanker Markets
Brazil stays in the spotlight - Tanker Research & Consulting department at Poten & Partners takes a look at the tanker market in the country. The Rio Olympics were successfully concluded on August 21. Ten days later, on Wednesday, August 31, Brazil’s Senate voted 61-20 to remove Dilma Rousseff as president of the most populous country in Latin America. Ms. Rousseff was accused of using illegal bookkeeping maneuvers to cover up a growing budget deficit.
Tanker Market: Electrifying Demand
Twenty years, the investment timeline to consider when ordering a new tanker, is a long time in any industry, not least in the rapidly evolving energy markets and the drive for cleaner fuels, says Gibson tanker report. Whilst, the collapse in oil prices in recent years may have taken the shine off many cleaner sources of energy (at least from a cost perspective) other pressures, mainly environmental, are likely to continue to influence energy consumption.
Technology Transformation in the Offshore Survey Market
Offshore surveys are a necessary precursor for both Oil & Gas (O&G) and renewable energy installations on the seafloor. Particularly for new projects in remote regions, surveys (oceanographic, geotechnical, geophysical etc.) are critical for successful project design and implementation. However, current market conditions are forcing all parties in the supply chain to rethink their approach. Douglas…