New Maritime Bank Opens Its Doors
A new niche bank for the shipping and offshore sector opened its doors for business on December 20, 2016. Serving the global maritime markets from its main office in Oslo…
NYC Ferries: A Collaborative Approach
Innovative boats, unusual collaboration: Hornblower, Horizon, Incat Crowther and Metal Shark team up on one of the most significant newbuilding projects of the year. When New York City Mayor Bill de Blasio earlier this year announced the selection of Hornblower to operate as many as 20 ferries to connect a similar number of New York City neighborhoods, the magnitude of the award immediately outweighed the details of the contract.
Great Ships of 2016: M/V Auto Eco
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. United European Car Carriers (UECC), which is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, held a naming ceremony for the M/V Auto Eco, a s historic ship in that it is the first of two dual fuel LNG PCTCs with 1A Super Finnish/Swedish ice class. The…
Modernization of The U.S. Fishing Fleet
Coming in the January 2017 edition of Maritime Reporter & Engineering News is an insightful report on the modernization of the U.S. Fishing Fleet, with a focus on the ubiquitous Pacific Northwest. Modernization of the North Pacific Fishing Fleet, a study by The McDowell Group for the Port of Seattle, has made the rounds and given weight to the idea that a major fleet upgrade really is underway. With…
What’s New in Floating Production? December 2016
The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5,000+ drilled-but-uncompleted shale wells in the U.S. ready to be fracked and likelihood that producers will cheat on output quotas. As we discuss in the report, the output cut could stimulate deepwater orders – but with a time lag.
China's LNG Buying Spree Continues Through December
China LNG imports hit record in November, but set to beat that this month. China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly two years. Trade flows data on Thomson Reuters Eikon shows 7.33 million cubic metres (mcm) of LNG, equivalent to 3.33 million tonnes, are heading to China for delivery this month.
Shipping Faces Possible EU Levy on Carbon Emissions
The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions as lawmakers from the bloc grow increasingly impatient with the slow progress being made by the global effort to tackle the issue. The industry, which accounts for around 90 percent of goods transported globally, has rejected unilateral moves by the EU, arguing it would distort world trade and instead wants the issue handled through the International Maritime Organization (IMO)…
Brunvoll Acquires Scana Propulsion
Brunvoll, a family-owned company headquartered in Molde, Norway, a company that designs, manufactures and services complete thruster sstems for maneuvering, positioning and propulsion of advanced vessels, this week signed an agreement with Incus Investor ASA to acquire all the shares in Scana Propulsion AS, including subsidiaries Scana Volda AS and Scana Mar-El AS in Norway and three sales companies located in the United States, Singapore and China.
Danish Maritime Authority improves information for seafarers
From January 2, 2017, Notices to Mariners will be available via a new and improved online system that also presents navigation warnings and shooting warnings. In the future, Notices to Mariners will be issued and made available on an ongoing basis and not only on Fridays. It will become possible to view the information graphically in a chart as well as in a new improved list format. Christian Kopp Pedersen…
Ingalls Launches National Security Cutter Kimball
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division launched the National Security Cutter Kimball (WMSL 756) on Saturday. Kimball is the seventh NSC Ingalls has built for the U.S. Coast Guard; christening is scheduled for March 4, 2017. “This is an important milestone for Kimball and the National Security Cutter program,” Ingalls Shipbuilding President Brian Cuccias said. Kimball was translated via Ingalls’ rail car system to the floating dry dock last week…
NYK Holds 10th Environmental Management Conference
On November 30 at NYK’s 10th annual Environmental Management Conference in Tokyo, Asahi Unyu Kaisha Ltd. (head office: Aichi; president and CEO: Toshiya Kozawa) and the GENEQ Corporation (head office: Fukuoka; president: Keiji Ushiyama) were selected from among 33 domestic NYK Group companies for recognition of environmental activities that resulted in the improvement of company value. NYK holds this…
$124 mi Reef Authority Funding Boost for Townsville
Australia’s lead management agency for the Great Barrier Reef will receive a $124 million funding boost over the next 10 years from the Turnbull Government. The funding commitment for the Townsville-based Great Barrier Reef Marine Park Authority is great news for the North Queensland region and Townsville, and follows the signing of Australia’s first City Deal for Townsville earlier this month. Frydenberg said the Great Barrier Reef Marine Park Authority…
Scandlines’ Deploys New Ferry
On Wednesday 21 December 2016, Scandlines’ second new hybrid ferry for the Rostock-Gedser route, M/V Copenhagen, will carry passengers for the first time when it departs from Gedser towards Rostock at 09:00. Scandlines new hybrid ferry was registered 19 December 2016 and departed the same day from the Danish yard FAYARD A/S. 20 December 2016 it was practicing between Rostock and Gedser and today Wednesday 21 December 2016 at 09:00 from Gedser in Denmark the ferry will go into ordinary service.
TTS Worldwide is OL USA
OL International Holdings LLC (OL International) today announced the renaming and rebranding of TTS Worldwide as OL USA. Effective February 1st, 2017, the change is the latest and most symbolic development in an aggressive, multi-year strategic expansion plan for OL International’s businesses – now with representatives on the ground in over 140 countries. The announcement follows quickly on the heels of the launch of OL South Africa and OL Dubai in recent months.