Heerema Sleipnir Contract to TMC
Compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Sembcorp Marine to supply compressed air systems to the new build Heerema Sleipnir crane vessel. The scope of work includes manufacturing and delivery of a complete marine compressed air system, including Smart Air service air compressors, service air dryers, control air compressors and control air dryers. The new…
Executive Leadership Changes at Brunswick
Boston Whaler President Nick Stickler has assumed temporary day-to-day leadership at Brunswick Commercial & Government Products (BCGP) following the departure of…
Long Beach Port 'on track for green future'
The Port of Long Beach sails into 2017 propelled by transformative modernization projects all across the harbor, excellent financial health, an industry-leading record of environmental progress, and a strong commitment to working with the City and neighbors, said Harbor Department leaders Wednesday morning at the annual “State of the Port” event. About 300 industry stakeholders, civic leaders and community…
Hurtigruten Signs on to Ban HFO in the Arctic
Expedition cruise ship operator Hurtigruten has joined international environmental organizations in efforts aiming to spearhead the protection of Arctic communities and ecosystems from risks posed by the use of marine heavy fuel oil (HFO) to power ships. At the Arctic Frontiers conference in Tromsø, Norway, Hurtigruten CEO Daniel Skjeldam signed the Arctic Commitment along with Dr. Sian Prior of the Clean Arctic Alliance…
Wärtsilä,Tallink Ink Megastar Maintenance Deal
Wärtsilä has signed a five-year maintenance agreement with Estonia based AS Tallink Grupp for its new RoPax ferry M/S Megastar on the Tallinn - Helsinki route across the Gulf of Finland. Megastar, due to start operation on January 29, 2017, is powered by Wärtsilä dual-fuel engines which operate primarily on liquefied natural gas (LNG), to meet the requirements of environmental legislation. Under the agreement Wärtsilä said it will optimize the vessel's performance…
Fincantieri Delivers Viking Sky in Ancona
Viking Sky, the third of six cruise ships Viking Ocean Cruises has ordered from Fincantieri, has been delivered at the shipyard in Ancona. Viking Sky, as its sister ships, is placed in the small cruise ship segment. In fact, with a gross tonnage of about 47,800 tons, it has 465 cabins with accommodation for 930 passengers, with a total capacity of over 1,400 people, including the crew. The ship has been designed by experienced naval architects and engineers…
2017-2021 Tanker Market Outlook: McQuilling
McQuilling Services has released its 20th Anniversary Edition 2017-2021 Tanker Market Outlook. This 200-page report provides a five-year spot and time charter equivalent (TCE) outlook for eight vessel classes across 19 benchmark tanker trades, plus two triangulated trades. Also included in the report is a robust five-year asset price outlook as well as a one and three-year time charter forecast through 2021.
VBMS Bags Anglia ONE OWF cabling Deal
Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded a cabling contract with a value of approximately EUR 100 million by ScottishPower Renewables, for the East Anglia ONE offshore wind farm. The scope of work for VBMS consists of the supply, installation and burial, as well as termination and testing of 102 66kV inter-array cables. The project execution will commence in the first quarter of 2019 with completion scheduled for mid-2020.
Korean Government to Fund HMM Vessels
South Korean shipping unit will purchase Hyundai Merchant Marine (HMM) vessels for USD 515 million and lease them back to the container carrier at favorable charter rates as part of a state aid program. Korea Shipping Co., a new entity servicing troubled shippers will act as a shipping bank to buy vessels from shippers to lease them back to help them out of financial troubles, was launched on Tuesday on initial paid-in capital of 1 trillion won.
Samsung Heavy Trims Operating Loss for 2016
Samsung Heavy Industries (SHI), South Korea's second largest shipbuilder, has managed to reduce its operating loss by around 90 percent due to a stabilization in shipbuilding and offshore construction. SHI ended the year with an operating loss of KRW 147.2 million (USD 126,200), against an operating loss of KRW 1.5 billion (USD 1.28 million) recorded a year earlier, the company said in a stock exchange filing.
Navios Maritime Midstream Posts 4Q Profit
Maritime Midstream Partners LP (NAP), an owner and operator of tanker vessels, has reported fourth-quarter earnings of $6 million. On a per-share basis, the company has a net income of 28 cents. The operator of contracted crude oil tankers posted revenue of $22.8 million in the period. For the year, the company reported profit of $24.9 million, or $1.19 per share. Revenue was reported as $91.8 million.
Diana Shipping Signs Contracts with Cargill, Noble
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva. The time charter was extended for one of its Capesize dry bulk vessels, the m/v Baltimore, for a period of minimum thirteen (13) months to about sixteen (16) months.
Singapore Court Fines Unlicensed Bunker Craft Operator
New Ocean Maritime Pte Ltd was convicted in court under regulation 64(b) of the Maritime and Port Authority of Singapore (Port) Regulations and was fined a total of $81,000. The Maritime and Port Authority of Singapore (MPA) brought charges against New Ocean Maritime Pte Ltd for providing services in the port of Singapore without a bunker craft operator licence between 3 January 2015 and 28 March 2015.
Maritime Energy Management in the Spotlight
International Maritime Organization (IMO)'s global energy efficiency rules are key to a sustainable future for shipping. This was the message from IMO Secretary-General Kitack Lim to the MARENER 2017 conference on maritime energy management, taking place at the World Maritime University (WMU) in Malmö, Sweden (24-25 January). Lim emphasized the importance of energy management and outlined the numerous on-going IMO projects to help implement global energy efficiency measures for shipping.
Korea's Seaport Cargo Grows
The volume of cargo processed at South Korea's seaports reached a record high last year despite a global economic slump and the collapse of the country's leading shipper, Korea Herals quoted the government as saying. Cargo handled at seaports across the nation totaled 1.5 billion tons in 2016, up 2.7 percent from a year earlier, according to the Ministry of Oceans and Fisheries. Trade cargo totaled 1.23 billion tons, while domestic shipments came to 265 million tons.
Protect Vessels from Marine Corrosion
For ship and vessel owners that struggle with corrosion caused by water, humidity, condensation, salt air and environmental contaminants, Force5 Marine works as corrosion inhibiter, lubricant and cleaner to protect engines and critical equipment and keep it in good working order. The harsh marine environment costs an estimated $50-80 billion in corrosion related damage worldwide, and can lead to the failure of critical equipment including engines…
CalAmp Helps Navico Enable Wireless Connectivity
Wireless products, services and solutions provider CalAmp said its enhanced LMU-4530 telematics devicehas been chosen to support Navico’s new cloud-enabled GoFree Connected Vessel program to monitor onboard engine, sensor and navigation data. CalAmp’s device management and maintenance software platform, PULS (Provisioning/Programming, Update and Logistical System), has also been customized to support Navico’s over-the-air device management and firmware updates for vessels in port or at sea.
St. Lawrence Seaway Tolls to Rise 2%
The St. Lawrence Seaway Management Corporation (SLSMC) announced a toll rate increase of 2 percent for the 2017 navigation season.
Asia Gasoline Demand Draws European Cargoes
Robust Asian gasoline demand has drawn more cargoes from Europe over the past week. At least five LR2 vessels have been fixed within the week to load 80kt cargoes of gasoline and gasoline blendstocks from NWE (mostly Mongstad) to Singapore. Gasoline from Europe typically moves to Asia on an opportunistic basis. The sharp increase in fixtures can be attributed to the recent surge in Singapore gasoline cracks.
Another Tug for Rimorchiatori Riuniti
Rimorchiatori Riuniti has taken delivery of a Damen ASD 2913. The new vessel – named Germania – was handed over to the Italian tug operator last week from Damen Shipyards Galati in Romania. The delivery follows Rimorchiatori Riuniti’s order for a second, identical vessel; the contract for which was also finalized at the end of December. Rimorchiatori Riuniti’s newest addition to the fleet has had some additional extras installed by Damen.