Ulstein Delivers Its Largest OCV
'Island Venture', delivered on 17 January 2017, is so far the largest Offshore Construction Vessel (OCV) from Ulstein Verft, with a length of 160 metres and a beam of 30. The ship is designed by Ulstein Design & Solutions AS for Island Ventures 5 LLC. OCV vessel for operations such as IMR, ROV services, well intervention and drilling. Max operational crane depth 4,000 m. Main moon pool opening 11.2 x 12 m, two work ROV moon pools. Extensive under-deck capacities for liquid and dry substances.
Italian Boosts to Flinders Shipbuilding Ambitions
Building on its partnership with the Italian shipbuilder Fincantieri announced earlier this month, South Australia’s Flinders University has signed a supporting agreement with The University of Genoa to cooperate in research and development and training with focus on maritime, naval architecture and shipbuilding. The agreement not only strengthens Flinders’ connection with Fincantieri – one of the…
MISC Berhad Names New LNG Carrier Seri Cenderawasih
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC. Upon their delivery, these new LNG Carriers will be on a long-term charter to PETRONAS. The naming ceremony was graced by the presence of Encik Md Arif Mahmood…
Kalmar Bags DP World's Container Handlers Order
Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers. The order for 13 units has been booked into Cargotec's 2016 fourth quarter order intake. The deliveries will begin in the second quarter of 2017 and they are scheduled to be completed by the end of 2017. Commenting on the order, Suresh Ananthanarayan…
Asia Tankers-VLCC Rates Likely to Slide
Chartering activity could slow down in March due to refinery work; growth in tanker fleet could climb 6.5 pct, pressuring rates. Freight rates for very large crude carriers (VLCCs) are likely to fall next week as charter activity from China slows ahead of the Chinese New Year holiday, ship brokers said. Rates on the West Africa-to-Asia route have already started to slide probably because of the Chinese New Year impact, said Ashok Sharma, managing director, BRS Baxi Far East, Singapore.
COSCO Shipping Denies OOCL Bid Reports
Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday. "We deny these rumors," she told Reuters. On Wednesday, the Caixin newspaper reported that the company would participate in bidding for the unit of Orient Overseas International Ltd, alongside Taiwan's Evergreen Marine Corp and France's CMA CGM. Reporting by Brenda Goh
Shippers Avoid New "pirate hotspot" west of Philippines
Piracy has surged in Sulu, Celebes Seas; waters part of route carrying iron ore to Asia. A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations. There have been 16 attacks since last March on ships in the Sulu and Celebes Seas…
SBM Offshore Shares Gain on Hopes of Brazilian Settlement
Shares in Dutch offshore oil industry services company SBM Offshore rose on Friday on a media report the company was close to settling a corruption probe with Brazilian…
Harley Marine Names Two ATBs
Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively.
US Coast Guard Provides Security for Trump Inauguration
U.S. Coast Guard units and partner agencies provided waterside security for the 58th Presidential Inauguration in Washington D.C., Thursday. Crews from Coast Guard Maritime Safety and Security Teams New York and San Diego and Coast Guard Cutters Chock and Heron worked with crews from federal, state and local law enforcement agencies as part of a comprehensive port security operation to protect people and waterways around the District.
REINTJES Opens UK Branch Office
Propulsion specialist REINTJES said it has opened a new branch office in the south of England to service markets in the U.K. and the Republic of Ireland. Opening of the REINTJES Britain & Ireland branch office follows on the cessation of trading by the former distributor European Marine and Machinery Agency in the middle of the year 2016. The business is guided by subsidiary REINTJES Benelux BVBA based in Antwerp, Belgium.
RBS Sells $600 Mln of Shipping Loans, Orix Among Buyers
Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources…
A Tale of Two Tanker Classes
In a stark reminder of how volatile shipping markets can be, sentiment in the previously weak Asian Aframax market has flipped while the LR2 market continues its downward slide. The Aframax market in the East of Suez firmed rapidly with rates for the Indo/Japan route up by w22.5 points w-o-w to w132.5 due to a flurry of pre- Lunar New Year activity. Among fixtures heard, BP placed a vessel on subjects for an Indo-Aus voyage at w132.5 basis 80,000 mt.
LNG Icebreaker Polaris Bunkers in Pori
Polaris, the newest icebreaker of the Finnish icebreaking service company Arctia, set out from Katajanokka, Helsinki, for icebreaking duty in the Bothnian Bay and arrived January 10 for bunkering at the Skangas liquefied natural gas (LNG) terminal in Pori, where the vessel received approximately 700 m3 of LNG. “Polaris arrived via Utö through the Turku Archipelago to the Skangas LNG terminal in the Tahkoluoto harbor in Pori.
COSCO Shipping Holdings to Buy Qingdao Port's Shares
COSCO Shipping Ports and Qingdao Port International (QPI) announced to enter into the Transaction Agreement, pursuant to which COSCO Shipping Ports will make strategic investment in QPI. Taking the proposed New H Share Issurance plan of QPI into consideration, the Subscription Shares will represent approximately 16.82% of the issued share capital of QPI, and COSCO Shipping Ports’ shareholding in QPI will increase to approximately 18.41% in total.
Mining Wastes Report Identifies Research Gaps
More scientific research needs to be done to understand and assess the environmental impacts of wastes from mining operations which have been disposed into the marine environment, a new report shows. The Joint Group of Experts on the Scientific Aspects of Marine Environmental Protection (GESAMP) report, Impacts of mine tailings in the marine environment, provides the findings of an international workshop held in Lima, Peru (in 2015) and makes a number of recommendations for future work.
DryShips Buys First Very Large Gas Carrier
DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at Hyundai Heavy Industries (HHI) for a purchase price of $83.5 million. The Company financed the closing price of $21.9 million by using part its undrawn liquidity under the $200.0 million New Sifnos Revolver, which now stands at $142.9 million.
Danish Shipping Tribunal Relocated to Viborg
As part of the Danish Government's plan "Better balance – Government jobs closer to citizens and companies" (only available in Danish), the Danish Appeals Boards Authority was established on 1 January 2017. A large number of Danish appeals boards have relocated to the Danish Appeals Boards Authority in the city of Viborg in Jutland, including the Danish Shipping Tribunal. In this connection, secretarial assistance for the Danish Shipping Tribunal…
Action Must be Taken If We are to Address UK Seafarer Shortfall
UK Chamber CEO Guy Platten has responded to the publication of the Department for Transport Seafarer Projections Review by calling on government to back its SMarT Plus proposal. The Department for Transport has this week published a study to assess the UK supply and demand for trained seafarers to fulfill roles at sea and onshore over the coming decade. The UK Seafarer Projections study identified a shortage of 3,000- 4,000 UK deck and engine officers, and 2,000 UK ratings by 2026.
Norway Awards 4 APA Licensing to MOL
The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to MOL Norge on the Norwegian Continental Shelf. MOL Group’s Norwegian subsidiary, MOL Norge participated in the second APA licensing round since MOL Group entered Norway in 2015. The awarded licences are located in MOL Norge core areas. “MOL…