WFW advises CMB Financial Leasing on Sale, Leaseback of Eight Vessels
International law firm, Watson Farley & Williams (“WFW”), advised CMB Financial Leasing Co. Ltd (“CMB”) in respect of: (i) the sale of eight container vessels by…
Wärtsilä's Hatley Elected as Fellow of the RINA
The Royal Institution of Naval Architects (RINA) has elected John Hatley PE, Vice President, Americas, and Director of Market Shaping, Wärtsilä Marine Solutions, as a Fellow of the institution. Candidates for election as a Fellow (FRINA) must have demonstrated exceptional contributions to the profession, a record of superior achievements in their career and having held positions of responsibility.
COSCO Europe Reduces Fuel Costs, Emissions with Selected HPS from Jotun
In the four years since its coating with Jotun’s Hull Performance Solutions (HPS) system, COSCO Europe has reached new heights of efficiency, cost control and environmental performance. Figures released by Jotun show that the 2008-built, 10,062 TEU container ship has sliced fuel costs by $4.5million and reduced CO2 emissions by some 29,500 tonnes (against market average figures), giving it market leading hull performance.
Royal IHC Signs Contract with Shanghai Salvage
Royal IHC has announced they have signed a contract with Shanghai Salvage in China for the supply of an integrated 550t Reel lay system. This will be the first Reel lay system in the Chinese market and will be one of the largest and most sophisticated Reel lay systems worldwide. The pipelay system, which includes not only rigid pipe but also flexible pipe lay capability, will be installed on the new offshore construction vessel of Shanghai Salvage.
Frontline Sees Limited Effect on Demand From 'Balanced' OPEC Cut
* Crude oil tanker firm Frontline says a potential "balanced cut and cap from OPEC", as suggested by some analysts, is not expected to have a large impact on the tanker market * Says significant vo
New Drillship Design Offers Cost Efficient Deep-water Capabilities
The Scylax is designed to make developments available in the mid to deep–water market at reduced building and operating costs by providing fit-for-purpose capabilities. The key is to focus on the essential functionality for deep-water drilling. Whereas ultra-deep water units feature ever increasing hook loads and capacities, these requirements can be reduced for a large amount of the wells in deep-water.
AWO RCP Accepted as Existing SMS Under Subchapter M
The U.S. Coast Guard formally accepted the American Waterways Operators (AWO) Responsible Carrier Program (RCP) as an existing Safety Management System that complies with the requirements of Subchapter M. In a letter conveying the acceptance, RADM Paul Thomas, Assistant Commandant for Prevention Policy, wrote, “This is a significant milestone in the implementation of Subchapter M and... your staff and your members are to be commended on this remarkable achievement.
Damen Unveils New Dredgers
Damen Shipyards Group has introduced its new line of Trailing Suction Hopper Dredgers (TSHD), comprising of the Marine Aggregate Dredger (MAD) 4000 and 5600 vessels. Designed in collaboration with Maritime Design and Engineering Services (MD&ES), the MAD 4000 and 5600 are geared for mining sand and gravel offshore. For offshore aggregate operations, the new vessels will be able to work in North Sea conditions up to depths of -60 meters.
Teamwork Smoothes Complex FPSO Repair
Work to repair five separate areas on board FPSO FPF-003, operated by Petrofac South East Asia Pte Ltd using SPS has been completed on-station in the Mubdala, Jasmine oil field. The repair work on this ABS classed vessel, built in 1976 and converted in 2005, was completed 15 days ahead of schedule with no disruption to day to day operations. In total 96m² of steel was reinstated. Working with client EM&I and steelworkers Altamar…
Two New SEA\LNG Partners
SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key…
EU Counter Piracy Mission Extended
The European Council has extended Operation Atalanta’s mandate to deter, disrupt and repress acts of piracy off the coast of Somalia through December 31, 2018. Operation Atalanta’s two-year mandate extension, enacted on November 25, 2016, comes amidst concerns within European Union Member States that whilst pirate attacks on merchant ships transiting the Gulf of Aden and Indian Ocean are currently suppressed, pirates still have the intent and capability to go out to sea and mount an attack.
Partners to Build LNG Dual-fuel Bunker Ship for Singapore
Harley Marine International Holdings Pte. Ltd. said it has signed an MoU with Pavilion Gas Pte. Ltd, Mitsui O.S.K. Lines, Ltd. (MOL), and Mitsui & Co., Ltd. (Mitsui)…
Carnival to Sponsor ‘The New Celebrity Apprentice’
Carnival Corporation & plc announced it will sponsor the two-part finale of the upcoming season of NBC’s “The New Celebrity Apprentice” airing next year on February 6 and 13. The sponsorship also features Carnival Corporation launching the Celebrity Apprentice Charity Challenge, supporting the charities chosen by the celebrity contestants while driving consumer engagement with the show. “The New Celebrity Apprentice” premieres on January 2 at 8 p.m. EST on NBC.
CMA CGM Revamp Indian Ocean Feeder Network
Starting December 16th, 2016, CMA CGM has chosen to revamp its feeder network to Indian Ocean to reinforce its quality, reliability and frequency. The offering of two separate products dedicated to Comoros/Mozambique market and North Madagascar will strengthen our competitiveness. "We are pleased to inform you that the new Indian Ocean Feeder Loop 3 service, deploying 1 vessel of 618 TEU, will be exclusively dedicated to Comoros and Nacala…
CMA CGM Improves ECS Service
CMA CGM is pleased to announce an improved service offer directly connecting North Europe with Central America. The enhanced ECS service will provide one of the shortest transit times on the market, linking Rotterdam from Costa Rica in only 14 days and adding London as a port of call in 15 days. This offer is dedicated to reefer transport from Central America and the Caribbean to North Europe and allows…
DNV GL Awards Component Certificate to Ingeteam
DNV GL has awarded a component certificate to Spanish technology company Ingeteam for its new wind frequency converter INGECON WIND DFM 3000 family. The INGECON WIND Full Converter MV Series 3000-10000. The converter family is built for easy maintenance, optimized to be compatible with all generator technologies and suitable for on and offshore applications. Ingeteam’s newest wind frequency converter…
Indonesia Maritime Threat Assessment
Militant group Abu Sayyaf (ASG) has conducted frequent kidnap for ransom attacks in the Sulu and Celebes Seas since March 2016, says a report by Protection Vessels International Ltd. Islamic State-affiliated ASG has successfully extracted millions of dollars' worth of ransom payments for individual releases and has decapitated several hostages when ransom demands have not been met. In November, ASG…
Innovation for Sustainable Transport
A UN conference has highlighted the importance of technology and innovation in ensuring sustainable transport for all. International Maritime Organization (IMO) was present at the UN’s first ever Global Sustainable Transport Conference, held in Ashgabat, Turkmenistan (26-27 November). Concluding the two-day conference with the so-called ‘Ashgabat Statement’, participants stressed the need to promote the integration of science…
ICTSI Opens Georgia-Ukraine Feeder Service
Mediterranean Shipping Company (MSC) made its first port call in Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of Gioia-Ukraine & Georgia feeder service, says International Container Terminal Services, Inc.(ICTSI). “M/V Max Carrier made its first call to Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of the Mediterranean Shipping Company’s (MSC) Gioia -- Ukraine & Georgia feeder service,” ICTSI said in a statement.
India Earmarks $7.1 bln to Expand, Modernise Major Ports
Expansion, modernization and up-gradation of Major Ports in India is an ongoing process to keep the ports abreast with new technologies and also to promote trade and cargo.