Cristobal Colon Arrives in Sydney
HMA Ships Darwin, Melbourne and Parramatta have escorted the Spanish Armada's Cristobal Colon into Sydney Harbour as part of her role in providing platform and familiarisation training to Australian personnel. Over the next three months the ship will assist in enabling Australian Navy people to have advance training for Australia's first Aegis Guided Missile Destroyer, Hobart. Commanding Officer Hobart…
Anthony and Nicolás Remain on Hapag-Lloyd Board
Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J. Firmin remains COO and Nicolás Burr remains CFO. The Supervisory Board of Hapag-Lloyd AG extended the Executive Board contracts of Anthony J. Firmin (COO) and Nicolás Burr (CFO) by two years until 30 June 2019 and 29 February 2020 respectively. “In this important phase involving the upcoming closing and subsequent integration of UASC, we are counting on continuity in the executive management.
UK Chamber Welcomes Immigration Rule Change for International Seafarers
The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for international students, extending the time limit to three years for educational courses which are below degree level but subject to MCA regulations that the applicant must spend 12 months at sea. Until now, international students within the Tier 4 (general) visa route are subject to restrictions on the maximum period of time they can study at a specific level.
Hapag-Lloyd: Positive Operating Result in a Challenging Environment
Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC. Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR 126.4 million (previous year: EUR 366.4 million). These figures are taken from the 2016 annual report, which was published today.
GasLog Partners buy GasLog Greece
Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd. The aggregate purchase price for the Acquisition will be $219 million, which includes $1 million for positive net working capital balances to be transferred with the vessel. GasLog Partners expects to finance the acquisition with cash on hand…
IMO Contributes to Meeting of Asia-Pacific Ship Safety Heads
International Maritime Organization (IMO) is participating in the annual gathering of Asia Pacific Heads of Maritime Safety Agencies (APHoMSA) in Langkawi, Malaysia (20-24 March). Participants from 24 IMO Member States as well as observers from IALA, IHO and SPC are taking part in discussions surrounding APHoMSA's work to promote safe, secure shipping and a clean marine environment within the Asia-Pacific region.
Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger
Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad, DESSC and Solstad’s relevant subsidiaries, into which Farstad and DESSC will be merged. Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore…
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Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates
German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve. The shipping industry has been grappling with a prolonged downturn brought about by overcapacity in a faltering global economy, but Hapag Chief Executive Rolf Habben Jansen pointed to signs of upward momentum. "We expect some market improvement in 2017…
Asian Spot LNG Prices Slip on Weak Demand
Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States. Analysts and traders mainly blamed low demand for driving prices lower. In the Middle East, Abu Dhabi was…
Eight Damen Interceptors for Panama
The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on February 6, 2017. Coinciding with the vessel handover, SENAN also signed a second contract with Damen for an additional batch of four Interceptors.
Ferry Runs Aground in New Jersey
U.S. Coast Guard Station Sandy Hook oversaw the transfer of 95 passengers from a grounded ferry, the Whaling City Express, Thursday, near Highlands, New Jersey. At approximately 11:15 p.m., watchstanders at Sector New York Command Center were notified that a Seastreak Ferry with 95 passengers aboard ran aground 200-yards from the pier in Highlands, N.J. Sector New York watchstanders launched a Coast Guard rescue crew from Coast Guard Station Sandy Hook.
BP Awards Gulf of Mexico Work to Subsea 7
Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans. The contract scope covers engineering…
WSF’s M/V Kaleetan on Board with Sherwin-Williams
A total of 5,300 gallons of Sherwin-Williams Protective & Marine Coatings ensures that one of Washington’s most valuable assets will provide service for years to come. With a longstanding history of ferry operation in the Puget Sound, Washington State Ferries (WSF) was in need of a coatings company with just as strong of a reputation when preserving the 3,634-ton M/V Kaleetan auto/passenger ferry in the summer of 2015.
Search Called off for Missing Cruise Ship Passenger
The search for an American cruise ship passenger who fell overboard 33 miles off the Cuban coast has been suspended after more than 16 hours of searching. The U.S.
Kull Named President of Torqeedo Group
Marcia Kull has been named President of Torqeedo Group, Inc., and will direct global sales and strategy for the electric and hybrid marine propulsion systems manufacturer. Kull will oversee Torqeedo’s growth activities in the Americas, EMEA and Asia-Pacific regions. The newly created position is an expansion of the current management team. She will assume her new role on May 1, 2017. Kull joins Torqeedo from Volvo Penta of the Americas, where she was most recently Vice President, Marine Sales.
Case Study: 18-day Exhaust Gas Scrubber Install
Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust gas scrubbers on one of its ships to comply with sulfur emissions regulations. The vessel is powered by four GMT/Sulzer 16ZAV40S and two GMT/Sulzer 12ZAV40S diesel electric generating sets. The project involved the evaluation, planning, design and installation of two 10+ meter long exhaust gas scrubber…
Baltic Index Rises to Over 4-month High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, ended up 44 points, or 3.7 percent, at 1,240 points, a level last seen on Nov. 21. The capesize index gained 137 points…
MacGregor, Rolls-Royce to Study Containership Autonomy
A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships.
SOV Bibby WaveMaster 1 Launched
The service operations vessel (SOV) Bibby WaveMaster 1 was officially launched at Damen Shipyards Galati in Romania on March 24. When completed, Bibby Marine Services Limited, part of Bibby Line Group, will deploy the vessel to support forthcoming offshore wind construction and O&M projects in the North Sea. Stephen Blaikie, Chief Executive Officer, Bibby Marine Services Ltd, said, “This is an important key milestone in the delivery of the vessel.