DVB Plans Capital Increase
German shipping bank DVB is preparing a capital increase due to losses taken on bad loans, two sources familiar with the matter said on Wednesday. An announcement by DVB…
Vattenfall Wins Danish Wind Project
Swedish utility Vattenfall has won a tender to build Denmark's biggest offshore wind farm, but still faces the potential cancellation of a separate wind project in the country…
Bibby Offshore Wins Shell Subsea Deal
Bibby Offshore, the leading subsea services provider to the oil and gas industry, has this year been awarded two contracts from Shell to provide inspection services on assets in the Corrib Natural Gas field in the North Atlantic Ocean. The first contract, completed in June this year, saw Bibby Offshore’s construction support vessel Olympic Ares - equipped with Quantum Work Class and SeaEye Cougar Inspection Class ROVs - perform subsea inspections 83km off the North West coast of Ireland…
Intellian launches Military Grade GX Maritime System
The Global Defense and Intelligence sector stands to benefit from a ground breaking high-throughput, one-meter Ka-band Global Xpress (GX) maritime terminal, ‘Type Approved’ by Inmarsat and just launched by leading satellite terminal provider, Intellian Technologies. The first-ever military grade GX maritime system provides reliable, robust and resilient performance while leveraging the cost savings of a commercially produced end-to-end platform.
Massive Investments for Antwerp Port
Massive investments in the port of Antwerp are coming in the next few years. The SEA-Invest group is planning construction of a new tanker terminal in the Delwaide dock representing an investment of 250 million euros. In the same dock the group will also operate an independent container terminal that it has acquired from Independent Maritime Terminal (IMT). This facility is currently located in the…
Allianz Middle East Ship Management, MCS Join Forces
Allianz Middle East Ship Management and Maritime Craft Services (MCS)have taken delivery of a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two companies, the new vessel will offer safe and cost efficient crew transfer services for up to 50 passengers to and from the Abu Dhabi oil fields.The two companies welcomed guests on board the new vessel in a festive celebration during this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Radio Holland, Thome Ship Management Ink SRA Deal for 200 vessels
Thome Ship Management Pte Ltd and Radio Holland Singapore have concluded a Service Rate Agreement (SRA) covering the NavCom service and maintenance needs of its entire fleet of more than 200 vessels. Headquartered in Singapore, Thome Ship Management has worked together with Radio Holland for many years. The two companies have now taken a next step to a new format of cooperation with the SRA, which includes everything from annual radio surveys to servicing bridge equipment…
JF Subsea Inspects Shell Oil Rigs with New ROV technique
James Fisher Subsea (JF Subsea), a world leading subsea services division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through the innovative use of asset-based remotely operated vehicles (ABROVs) on oil rig inspection programmes in the North Sea. Traditionally, oil rig inspections are undertaken using a dedicated remotely operated vehicle support vessel (ROVSV), on which an ROV is secured.
LA, Long Beach Ports Focus on Updating Clean Air Action Plan
The governing boards of the Port of Los Angeles and the Port of Long Beach will hold a joint public meeting Nov. 17 to discuss proposals for updating the San Pedro Bay Ports Clean Air Action Plan (CAAP). Developed over the past year, the CAAP Discussion Document outlines the ports’ plans for expanding the aggressive strategies that have succeeded in dramatically reducing air pollution from port-related sources over the last decade. The meeting will be held at 6 p.m., Thursday, Nov.
Eagle Bulk Reports 3Q Loss
Connecticut-based Eagle Bulk Shipping Inc reported a loss of $19.4 million in its third quarter ended September 30, 2016. It had net loss of $20.4 million last year Q3. It has a loss of 52 cents per share compared to $10.83 net loss per share, for the comparable quarter in 2015. The shipping company posted revenue of $35.8 million in the period, versus $29.1 million reported last year. Fleet utilization rate of 98.9%.
NYK Program for Maritime Schools
The NYK-TDG Maritime Academy (NTMA), which NYK operates in the Philippines, successfully conducted an international short-term student-exchange program with maritime schools in Japan during the months of August and October 2016. The program was organized as part of the NYK Mirai Project. From August 31 to September 10, nine students from the Hiroshima, Yuge, and Oshima colleges of the National Institute of Technology travelled to the Philippines to participate in study and activities at NTMA.
CMA CGM Adds Weekly Call at Kotka
CMA CGM is set to add a weekly call at Kotka on its St Petersburg Shuttle A service. " CMA CGM is pleased to announce that its St Petersburg Shuttle A service will call at Kotka (Finland) on a weekly basis from December 15th, 2016," says a statement from the company. The new rotation and terminals will be the following: Antwerp (Gateway) – Rotterdam (Euromax/RWG/Uniport) – St Petersburg (Bronka/FCT/CTSP) – Kotka (Steveco) - Antwerp (Gateway).
Marine Casualty Investigation in Seychelles
An eight-day training course on the latest tools, processes and procedures in the investigation of marine incidents is taking place in Victoria, Seychelles (7-15 November). The course will focus in particular on how to carry out such investigations in accordance with the mandatory International Maritime Organization (IMO) Casualty Investigation Code. William Azuh of the Technical Cooperation Division and Ms Purity Thirimu of IMO Regional Presence Office…
Shipping CO2 Developments Highlighted at COP 22
The recent progress made by International Maritime Organization (IMO) towards reducing greenhouse gas emissions from international shipping has been presented to the UNFCCC Subsidiary Body for Scientific and Technical Advice (SBSTA 45), which is meeting as part of the COP 22 Marrakech Conference. IMO’s Marine Environment Protection Committee (MEPC 70) recently adopted a mandatory data collection…
Oversupply Dampens Chemical Tanker Market
Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Spot rates collapsed in the third quarter as some charterers who usually fix their cargoes on contract took advantage of low spot rates. This situation also weighed on time charter rates and asset values, especially for the larger chemical tankers.
Yarra Visits Indonesia
The crew of the Huon class minehunter HMAS Yarra has paid a rare port call to the Indonesian trade centre of Makassar. Yarra was the first Royal Australian Navy vessel to visit Makassar since the opening of the Australian mission in the city this March. Australia is South Sulawesi’s second largest source of imports with goods worth US$135.6 million. As the gateway to Eastern Indonesia, Makassar is one of the Indonesian region’s most important maritime trade and cultural centres.