Hamburg Süd for Sale?
Speculations about an upcoming sale of Hamburg Süd have intensified in the market, says a report in WSJ. Hamburg Sud, the seventh-largest container-shipping operator world-wide in terms of capacity, is part of the Oetker Group, a family-owned German conglomerate, involved in shipping, banking, food and beverages. The Oetker family is discussing a sale of the shipping business, but no decision has been reached, one of the people said.
The Arctic Is In Meltdown
The Arctic has lost almost 95% of its older ice cover since 1984, says NASA. The area covered by Arctic sea ice at least four years old has decreased from 1,860,000 square kilometres in September 1984 to 110,000 square kilometres in September 2016. ABC News quoted a report produced by the Arctic Council -- an intergovernmental forum of eight member countries that include the U.S., Canada and Russia -- stressed that changes to the Arctic have "global implications…
S.Arabia Costructs Huge Shibuilding Complex
A Reuters report quoting Saudi Arabia's energy minister Khalid al-Falih said that the country expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5.33 billion). The government will finance the infrastructure of the complex such as dredging and other work as it did with other cities Jubail and Yanbu that have become major industrial hubs.
Indian To Boost Maritime Security Ties with Sri Lanka
To enhance bilateral maritime relations, Indian Chief of Naval Staff Admiral Sunil Lanba, has embarked on a five-day visit to Sri Lanka. According to PTI report, during Sunil Lanba's visit, he will hold bilateral discussions with President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and senior dignitaries including the Chief of Defence Staff and the three Service Chiefs. The Admiral will also attend the 'Galle Dialogue' which is being held at Colombo.
Enhancing Search and Rescue Services in Western Africa
International Maritime Organization (IMO) is supporting countries in western Africa to enhance their national search and rescue (SAR) services with a regional training course and meeting taking place in Lagos, Nigeria this week. The activities are assisting Member States under the “Nigeria SAR Region” (Benin, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Nigeria and Sao Tome and Principe) to develop their regional SAR Plan and to increase regional cooperation.
Injured Crewman Hoisted over 170 mi off Columbia River
A Coast Guard aircrew performed a medical evacuation of an injured crew member from a 618-foot cargo vessel over 170 miles offshore from the Columbia River, Saturday. An MH-60 Jayhawk helicopter crew from Coast Guard Sector Columbia River in Warrenton safely transported the 23-year-old man to the air station where he was transferred over to emergency medical personnel, who took him to Columbia Memorial Hospital in Astoria.
Akastor, Mitsui, MOL Close JV Transaction
Akastor ASA (OSE: AKA) announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui/MOL has now been approved and concluded according to the terms and conditions described in the press release of September 20, 2016. As a consequence, AKOFS will realize a cash gain of USD 66 million…
Designees to The TechnipFMC Board Announced
Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination. The Board of Directors of the combined company will comprise 14 directors, seven designated by FMC Technologies and seven designated by Technip as set forth below. FMC Technologies will appoint the initial Independent Lead Director…
Navig8 Receives 8th Interline-Coated Tanker
Navig8 Chemical Tankers Inc. today announced that it has taken delivery of the Navig8 Tanzanite, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”), the final 49,000 DWT IMO2 Interline-Coated vessel from the Company’s newbuilding program. The Navig8 Tanzanite is also the eighth and final vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean Yield”) announced on April 1, 2015.
International Standards for Carriage of Offshore Technicians
On Friday, the IMO Maritime Safety Committee (MSC) took one important step forward in its work to develop international standards for the carriage of offshore technicians, for example in connection with activities within the field of offshore wind energy. More specifically, the Committee adopted interim recommendations on safe carriage of offshore technicians. In addition, the Committee agreed on a…
Boskalis wins SponsorRing Award
Royal Boskalis Westminster N.V. (Boskalis) was last night named winner of the SponsorRing 2016 award in the 'Society' category for its sponsorship of The Ocean Cleanup's North Sea prototype test. A floating barrier designed to capture plastic from the sea is being tested approximately 23 km off the Dutch coast. The purpose of the test is to see how well the floating barrier design is able to cope with extreme weather conditions at sea.
Tersan Shipyard Orders Deck Equipment
PALFINGER MARINE and Harding Safety recently signed a contract to provide lifesaving equipment and cranes for two fishing vessels being built in Tersan Shipyard. Each vessel will be equipped with two PALFINGER MARINE knuckle boom cranes, one A-frame fast rescue boat davit, and one fast rescue boat. Harding Safety, which was acquired by PALFINGER in June of this year, will be supplying the fast rescue boats. This contract represents the first results of the Joining Forces strategy.
Jotun:ISO 19030 standard can make $30 bln impact on the industry
The International Organization for Standardization (ISO) has now published the long-awaited ISO 19030, a new standard conceived to measure changes in ship-specific hull and propeller performance. According to Jotun, which has led the industry in the standard’s development, the move has the potential to reduce the industry’s green house gas emissions by 10%, while saving operators up to USD 30 billion in annual energy costs. ISO 19030 has been more than three years in the making.
FORAN Design Wins Korean Universities' First Prize
Hae-Jun Ji and his team of other sophomores and juniors at the Naval Architecture and Ocean Systems Engineering department of the Busan-based Korea Maritime and Ocean University (KMOU) won the first prize in the 25th National Ship Design Contest for University Students organized by the Society of Naval Architects of Korea (SNAK). The award ceremony was held within SNAK’s 2016 General Meeting & Annual Autumn Conference on 3 November in Changwon.
Grupo TMM Orders Damen ASD Tug 3212
Leading Mexican maritime operator, Grupo TMM, has signed a Protocol of Delivery and Acceptance with Damen Shipyards Group for a 70 tonne bollard pull ASD Tug 3212 named TMM COLIMA. The tug will operate in the Mexican port of Manzanillo on the Pacific Coast. Ongoing port modifications and changes in port authority requirements were the driving force behind the deal. Founded in 1958, Grupo TMM has become one of the largest integrated logistics and transportation companies in Mexico.
Traffic Increase between Gothenburg and Belgium
Belgium is Sweden’s eighth largest export market. The Swedish shipping company SOL is about to expand its departure frequency between the Port of Gothenburg and the Belgian port of Zeebrugge. The change will offer greater scope for Swedish import and export companies to ship freight to and from Belgium. Gothenburg-based shipping company Swedish Orient Line, SOL, is about to expand its departure frequency between Gothenburg and the Belgian port of Zeebrugge.
Boskalis Bags Brazil's Terminal Expansion Deal
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Açu Petróleo S.A. (joint venture company of Prumo Logística S.A. and Oiltanking Gmbh) for the expansion of the Porto do Açu Oil Transhipment Terminal in Rio de Janeiro State, Brazil. The contract has a total value of approximately EUR 120 million. The expansion comprises the deepening, widening and extension of the access channel and turning basin.
US Warship LCS 10 Completes Acceptance Trials
The fifth Independence-variant littoral combat ship built by Austal, Gabrielle Giffords (LCS 10), successfully completed acceptance trials, Nov. 18, in the Gulf of Mexico. “I am proud of Austal’s achievement of another major milestone in the LCS program.” said Craig Perciavalle, President of Austal USA. “The steady increase in momentum on this program, with seven LCS currently under construction, has sharpened our focus on leveraging lessons learned from one ship to the next.
Damen Tug Commissioned by Port Nelson
Port Nelson, positioned at the top of New Zealand’s South Island at the head of Tasman Bay, has taken delivery of a Damen ASD Tug 2310. Named TōIA, which is Maori for ‘to pull’, she is the first new tug there for 32 years and represents a significant upgrade of capability. Jointly owned by the Nelson City Council and the Tasman District Council, Port Nelson is a vital hub for the regional economy and…
Youngest Containership Sold for Scrap
Today in the containership industry a landmark deal has occurred with the youngest ever containership sent for demolition by Rickmers Marine Trust. The vessel was a seven year old panamax boxship (4250 TEU, 2009 Blt, Built China). She is valued just above scrap at USD 5.87m. In 2016 the vessel fell 62% in value. This year the average change in value in the containership sector is -26% to put this figure in perspective.