American Hellenic Insures 1,000 Vessels
American Hellenic Hull Insurance Company (AHHIC) has already provided cover for 1,000 vessels managed from Europe, the Americas and Asia, said said Vincent Solarino, Chairman of the Board of Directors of AHHIC and President and COO of Shipowners Claims Bureau, managers of the American Club. The company’s remarkable initial success that exceeds targets for first six months, underlines its ability to…
HSH Nordbank Seeks Buyer
German shipping finance provider is optimistic about the prospects of finding a potential buyer for the bank, which will begin a privatization process this year with a deadline in February 2018…
DHT Fixes VLCC Issue, Defers Newbuilding
DHT Holdings, Inc. said that during a routine inspection of the DHT Jaguar, a fracture surrounding the inspection window of the rudder was identified. It is DHT's policy to inspect all newbuildings, including underwater areas, during their respective warranty periods. Following a root cause analysis conducted by the builder Hyundai Heavy Industries (HHI) and classification society American Bureau of Shipping (ABS)…
Hanjin Creditors Oppose Terminal Sale
US creditors of Hanjin Shipping Co. Ltd. objected to the Korean courier’s efforts to secure a New Jersey bankruptcy court approval of an asset sale to Mediterranean Shipping Co (MSC), reports WSJ. Geneva-based MSC, the world’s second largest container operator by capacity, has offered $78 million for container terminal in Long Beach, Calif. A group of container companies and other creditors concerned…
New Zealand Ratifies Ballast Water Management Convention
New Zealand is the latest country to accede to IMO’s Ballast Water Management Convention, designed to counter the threat to marine ecosystems by potentially invasive species transported in ships' ballast water. The Convention enters into force on 8 September 2017 and will require ships to manage their ballast water, which can contain thousands of aquatic or marine microbes, plants and organisms, which are then carried across the globe.
IMO Secretary-General Speaks Out Against Regional Emission Trading System
International Maritime Organization (IMO) Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas (GHG) emissions from shipping on a global basis. In a letter to Martin Schulz (President of the European Parliament), Jean-Claude Juncker (President of the European Commission) and Donald Tusk (President of the European Council)…
Andrew Garrad Awarded CBE in New Year’s Honours List
Dr Andrew Garrad, who retired from DNV GL on 23 December 2016, has been awarded a CBE – Commander of the Most Excellent Order of the British Empire – in the 2017 New Year’s Honours List. The CBE rewards contributions to the arts and sciences as well as work with charitable and welfare organisations. In 1984, Andrew co-founded Garrad Hassan (GH) in Bristol. It grew to become the world’s largest renewable energy consultancy, employing 1,000 people in 29 countries.
Petrofac Wins Oman LPG Project
Petrofac said it has signed a contract worth nearly $600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC)…
SC Ports See Record Box Volumes in 2016
South Carolina Ports Authority (SCPA) announced a record container volume of nearly two million 20-foot equivalent units (TEUs) handled in 2016. SCPA handled 1.996 million TEUs in 2016…
Webb Awards Thomas B. Crowley Sr. Memorial Scholarship
Hannah Wistort, Webb Institute class of 2017, is the 2016-2017 recipient of Crowley Maritime Corporation’s Thomas B. Crowley Sr. Memorial Scholarship. Webb’s scholarship selection committee chose Wistort for her academic excellence and leadership skills. Wistort, who is from Niskayuna, N.Y., has been involved with many student organizations and community projects. She is a member of the Webb Leadership Committee, which organizes community service and outreach projects for students.
Norway Appeals Court Clears Transocean in Tax-evasion Case
Offshore rig firm Transocean was cleared of accusations of tax evasion in a civilian case brought by the Norwegian state, a Norwegian appeals court said in a verdict on Monday.
Grand Bahama Shipyard Stayed Busy in 2016
The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout 2016, with scope of works ranging from major steel fabrication and repairs, to engine and technical systems overhauls, hull treatment and tank cleanings. And looking to 2017 and beyond, the yard reports it has a healthy order book, with docking periods secured as far ahead as three years.
Capesize Vessel Delivered to Navios Partners
Owner and operator of container and dry bulk vessels Navios Maritime Partners L.P. said it has taken delivery of a secondhand Capesize bulk carrier vessel. The 180…
Odfjell SVP Olsen Steps Down
Norway based shipping and tank terminal company Odfjell SE said its Senior Vice President Helge Olsen will step down from his role as Head of Ship Management, effective January 9, 2017. Olsen, who has been with the company since 2000, holds no Odfjell shares or options. Harald Fotland, SVP Odfjell Tankers, has been appointed to temporarily cover the position as SVP Ship Management until Olsen’s successor is in place.
Tacoma Preparing for Its Largest Ever Auto Import
A roll-on/roll-off (ro-ro) vessel carrying a shipment of more than 4,800 vehicles from South Korea is scheduled to arrive January 9 at Tacoma’s Terminal 7, marking the single-largest auto discharge in Port of Tacoma history. At 656 feet long and 106 feet wide, the ship Glovis Composer has a total capacity to transport 6,400 vehicles. During this call, the South Harbor will receive six high and heavy cargoes in addition to 4…
Cuba, US Sign Oil Spill Deal before Trump Inauguration
Cuba and the United States agreed on Monday to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico, as they rush to conclude deals before President-elect Donald Trump takes office. U.S. Charge d'Affaires Jeffrey DeLaurentis, upon signing the agreement, said it was one of a series of deals to protect the shared marine environment of the two neighboring countries separated by just 90 miles (145 km) of water.
US Holiday Imports Exceed Expectations
Imports at the United States’ major retail container ports saw an unexpected increase during the industry’s busy holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “We won’t see final sales numbers for a few more days, but import volume suggests that retailers had a strong holiday season,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Gladding-Hearn Delivers NYC Sightseeing Vessel
Gladding-Hearn Shipbuilding, Duclos Corporation, said it has delivered Circle Line Bronx, the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City. “The new vessels will offer guests an enhanced sightseeing experience on every level,” according to Costas Markou, president and chief operating officer of New York Cruise Lines. Gladding-Hearn previously delivery three sister ships to Circle Line in 2009.
Top 10 Ship Owning Nations
Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017. Despite suffering the biggest total drop in total feet value, Greek owners held onto their spot at the top with a $84.079 billion fleet, reflecting a decrease of nearly 12 percent in the cargo sectors. Greece also held onto its lead in the bulk carrier and tanker categories. “Greek tanker owners started 2016 earning more than $100,000/day on their vessels.
ABB Propulsion, Automation and Software for Five Cruise Ships
ABB will supply the complete power, propulsion and automation package for a series of new cruise vessels being built by MV WERFTEN for Genting Hong Kong brands Crystal Cruises and Star Cruises. The three Crystal Cruises’ luxury “Endeavor Class” mega-yachts will feature a Polar Class 6 and enable cruising in the Arctic; then follow the route of migrating whales along the coast of the Americas and Europe to Antarctica during winter.