KVH Is On 'Watch'
Conceived in its never-ending drive to progressively service its customers, KVH is working on a proprietary Internet of Things (IoT) solution for the commercial maritime market. Code-named “Watch,” KVH’s IoT application is designed to collect, compress, process, transport and analyze system data from ships, with the promise to deliver a broad swath of customizable efficiency solutions. Robert Balog…
Burgess Marine: 3 Refits Complete in 3 Months
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine said it has recently completed its winter refit season in Cherbourg, completing three ferry refit projects over the three-month time span. Despite Brexit, Burgess Marine said business has boomed as the company has completed two refits for Wightlink and one for Condor Ferries at its 5,000T syncrolift facility in the French port.
The Looming sVGP Deadline
The sVGP and recent ballast water treatment system approvals create another headache for small vessel owners. Steve Candito provides a primer. The long delayed Small Vessel General Permit (sVGP) legislation is scheduled to come into force on December 18, 2017. Despite some confusion and inconsistencies on this issue generally, there is currently no serious effort to delay the sVGP requirement. Thus, vessel owners should be preparing now for compliance.
Marine News Boat of the Month: February 2017
Damen Shipyards Group recently unveiled a new line of Trailing Suction Hopper Dredgers (TSHD). The new product range, comprising of the Marine Aggregate Dredger (MAD) 4000 and 5600 vessels, was introduced in response to extensive market research and customer consultation. The MAD vessels are potentially important to an aggregate industry that, today, faces rising demand and an aging fleet. Designed in collaboration with Maritime Design and Engineering Services (MD&ES)…
More Room for Asian VLCC Rates to Fall
VLCC rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on Tuesday, after news of S-Oil placing Australis on subs for an AG/Onsan run at w54.75, loading March 13-15 basis 274kt, broke. Charterers went for the jugular, with at least four older vessels fixed within the range of w55-w58 for an AG/East voyage. We believe that VLCC rates will remain depressed in the short term due to the upcoming refinery turnaround season in Asia…
Genco Shipping Reports 4Q Loss
Genco Shipping and Trading (GNK) has reported a loss of $24.5 million in its fourth quarter of 2016. The transporter of drybulk cargo said that its basic and diluted loss per share is $3.35. It had posted revenue of $43.9 million in the period. For the year ended December 31, 2016, the company reported that its loss widened to $217.2 million, or $29.95 per share. Revenue was reported as $135.6 million. John C.
Shipowners Caught in the Middle of Free Trade Battle
Protectionism and long hauled free trade negotiations can be an expensive battle for the Danish shipowners, if the market outside the European Union are not included in free trade negotiations. The Danish Shipowners’ Association hosted a verbal rumble between the Danish Social Democrat Ole Christensen and the Belgian Socialist Maria Arena from the European Parliament at the European Shipping Week Tuesday afternoon.
DNV GL Launches Analytics Platform Lumina
Today’s organizations are facing a complex business environment. With increasing demands from stakeholders to operate sustainably, and with international standards being revised to encompass a more holistic view of the business context and related risks, organizations need to adapt and work smarter. Better utilization of own data, as well as insights derived from industry Big Data to make qualified decisions on improvements, will be critical for companies to succeed in the future.
12th Pacific Partnership Mission On to Strengthen Indo-Asia-Pacific Ties
The U.S. Navy is joining allied and partner nation forces for the 12th Pacific Partnership mission, scheduled to begin March 1. This annual maritime operation will help improve disaster response preparedness and capacity, while enhancing partnerships with participating nations throughout the Indo-Asia-Pacific region. Pacific Partnership is the largest annual multilateral humanitarian assistance and disaster relief preparedness mission conducted in the Indo-Asia-Pacific region.
Vard Secures Trawler Build Contract
Vard Holdings Limited said it has secured a contract to build a pelagic trawler for Research Fishing Company, based on Shetland. The contract value is approximately NOK 350 million (roughly $41.4 million USD). In close cooperation with the ship owner, the vessel is designed by Skipsteknisk in Ålesund, Norway. It will also be built, equipped and completed in Norway. Delivery is scheduled from Vard Langsten in 3Q 2018.
Biofuels Can Cut Some Transport Emissions
Growing use of electric vehicles around the world is helping lower climate changing emissions, but some means of transport will be hard to electrify, particularly air travel and shipping, energy experts say. To “decarbonise” those, the world will need to rapidly develop and bring to market biofuels – while trying to ensure they don’t crowd out food production, say the authors of a report by the International Renewable Energy Agency (IRENA).
SocGen Arranges Financing for Oman Shipping's Tanker Play
Oman Shipping Company, wholly owned by the government of Oman, raised $227 million in debt to back the purchase of 10 tankers, Societe Generale said on Thursday.
A Case for LNG-fueled Mobile Offshore Units
GustoMSC, a Dutch design and engineering company focused on offshore energy, says the offshore industry has much to gain from examining the feasibility of using liquefied natural gas (LNG) to fuel mobile offshore units such as construction vessels, drillships, jack-ups and semi-submersibles. GustoMSC has been monitoring the development of LNG as a marine fuel for several years, culminating in a recently finished R&D project into LNG for its design portfolio.
Baltic Index up on Stronger Rates Across All Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates for all vessel segments strengthened, with capesize vessels extending gains the most. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 33 points, or 3.79 percent, at 904 points, its highest in more than five weeks.
DFDS Sees Little Effect from Brexit So Far
Ferry and logistics operator DFDS has many activities and 2,200 employees in the U.K., placing it at the heart of the ongoing “Brexit” process following the U.K.’s vote to leave the EU and making the firm an early indicator of changes in trade and passenger movements. In a post on its website, the Danish based firm addressed Brexit’s immediate and long-term impact, stating that it has seen little to no effect on trade so far.
ClassNK Earns EU MRV Accreditation
After undergoing extensive assessments, classification society ClassNK has received accreditation from the UK-based national accreditation body UKAS (United Kingdom Accreditation Service) as an EU MRV verifier, effective as of March 1, 2017. EU MRV is an EU regulation on the monitoring, reporting and verification of carbon dioxide (CO2) emissions from vessels, which first entered into force on July 1, 2015.
Damen Plunges into LNG Market
Damen Shipyards Group’s range of Liquefied Gas Carriers is a response to the changes seen in the maritime LNG market in recent years. The Dutch company’s designs meet a variety of capacity requirements, from 500 m3 to 7,500 m3. The maritime LNG market has long been faced with the conundrum around the subject of supply and demand. Ship owners have been reluctant to make the switch to LNG because of the lack of bunkering infrastructure.
Cross-Bay Ferry Reports Ridership Gains
The Cross-Bay Ferry carried a record 6,000-plus paying passengers in February, and experienced significant ridership growth in February for both weekday and weekend service between Tampa and St. Petersburg. During February, Cross Bay Ferry sold 6,070 tickets, a 57-percent rise from January, and a record for the 6-month test. The ferry has now carried nearly 23,000 people since the pilot project began.
Räsänen Joins Foreship
Foreship has appointed Jan-Erik Räsänen as its Head of New Technology effective from March 1, 2017. The new role expands Foreship’s energy-saving consulting services at a time when the cruise industry is considering the best way of harnessing fast-emerging hybrid, battery and fuel cell technologies. Based in Helsinki, Mr Räsänen will focus on helping owners implement energy-saving measures already developed by Foreship.
DSC Dredge Digs In
The world of dredging is defined by the vast diversity of each assignment that contractors perform on any given day. Fortunately, DSC’s standard lineup of dredge equipment can be modified and customized to meet just about any job that needs doing. It wasn’t too long ago that retired U.S. Coast Guard Admiral Jim Loy told me, “If you’ve seen one port, well, you’ve seen one port.” That now-famous declaration was made in reference to port security in a post-9/11 world…