Patrick Verhoeven to Leave ECSA for IAPH
Patrick Verhoeven will leave the European Community Shipowners’ Associations (ECSA) on September 1 this year to become Managing Director Policy and Strategy at the International Association of Ports and Harbors (IAPH). This is a new leadership function that was created following a fundamental reform of the organization, which is meant to increase its international relevance and visibility as well as strengthen its membership base.
ABN AMRO Finances Celsius BWTS Installs
ABN AMRO Transportation has concluded financing for the installation of ballast water treatment systems on several vessels for its Danish client, Celsius Shipping. As per September 8, 2017, the IMO Ballast Water Treatment (BWT) Convention will enter into force. The convention will stop the spread of invasive aquatic species, which can be a threat to local ecosystems and affect biodiversity. Under the convention, vessels will be required to install a BWT system.
Norden Back to Profit in Q1
Danish shipping company Dampskibsselskabet Norden A/S has reported its adjusted result for the first quarter of 2017 at $1 million, against a loss of $5 million seen in 2016. The shipowner and operator in the dry cargo and tanker segment worldwide returned to an adjusted profit for the first time in two years. Norden’s tanker activities generated an adjusted result for the period of $10 million, compared to $15 million seen in the corresponding quarter in 2016.
Is 'Seablindness' a Myth?
UK politicians and the general public have demonstrated overwhelmingly that they recognize shipping as the biggest mover of the nation’s imports and exports, according to a new study commissioned by the UK Chamber of Shipping. Guy Platten, CEO of the UK Chamber of Shipping, said of the study: “The findings confirm that we can forget about so-called ‘seablindness’ – it just does not exist. Leading pollster Comres surveyed 2…
FSL Q1 Earnings Rise
FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), reported a net profit of $3.4 million for the three months ended March 31, 2017, compared to $2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17.7 percent decline in revenue to $21.9 million for 1QFY17, compared with $26.7 million reported in 1QFY16.
ESPO to Mark Maritime Year of EU
The European Sea Ports Organisation (ESPO) issued a statement to contribute to the Commission’s Maritime Year and to follow up on the Valletta Declaration, the ministerial declaration on maritime transport, adopted on March 28 focusing on competitiveness, digitalization and decarbonization. “We welcome the Valletta Declaration as a first milestone of the Maritime Year,” said ESPO’s Secretary General, Isabelle Ryckbost.
ABS Approves Innovative Drillship Design
ABS is working with industry to improve efficiencies in offshore development. “ABS is working on multiple fronts to help the offshore industry find efficiencies and streamline operations,” says ABS Executive Vice President for Global Offshore Ken Richardson. “We are coordinating efforts for standardization and working one-on-one with companies that are changing the way offshore projects are executed,” he added. Recent work with Diamond Offshore Drilling, Inc.
Another Dry Bulk Ship Delivered to Golden Ocean
Golden Ocean Group Limited has taken delivery of dry bulk vessel Q Kennedy, to be renamed Golden Kennedy. The vessel is the third of 16 dry bulk vessels recently…
Changing the Landscape of LNG Production
Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea, PFLNG Satu achieved the first-ever production of LNG offshore in December 2016. The 365-meter by 60-meter facility processes, produces and offloads LNG in situ, directly above natural gas reservoirs.
North River Boats Charts its Future as Newly Formed ESOP
North River Boats, one of the largest private employers in Roseburg, Ore., has new partners – more than one hundred of them. CEO Brent Hutchings informed his entire company of a newly formed employee stock ownership plan (ESOP) that will help him transfer over time a third of his ownership to eligible employees – the vast majority of his team of 131. The structure, Hutchings says, helps share the privately held company’s success with the people who deserve it most…
AWO Testifies on Carrier Alliance, Tug Negotiations
AWO testifies before Congress on dangers of foreign carrier alliances negotiating collectively with U.S. Tom Allegretti, President & CEO of The American Waterways Operators, testified before the House Transportation & Infrastructure Committee's Subcommittee on Coast Guard and Maritime Transportation on the dangers posed by the Federal Maritime Commission's (FMC) decision to allow foreign carrier alliances to collectively negotiate with U.S. tugboat operators.
Port Houston Box Volumes Continue to Rise
“Port Houston handled close to 10 million tons of total tonnage, reflecting an increase of eleven percent over 2016,” Port Houston Executive Director Roger Guenther announced during the April meeting of the Port Commission of the Port of Houston Authority. During the first quarter of this year, Port Houston facilities handled 607,000 TEUs. Guenther said the majority of this increase is largely due to an increase in container volumes, which showed an increase of 18 percent.
Royal Caribbean Will Return to New Orleans
Royal Caribbean International announced it will return to New Orleans with a seasonal home-based cruise ship in late 2018. The 915-foot Vision of the Seas will sail seven-night itineraries to destinations across the Bahamas and Yucatan Peninsula from the Port of New Orleans’ Julia Street Cruise Terminal. The ship will sail on Saturdays. “The Port of New Orleans is thrilled to welcome back Royal Caribbean.
Maritime Professionals Ask the Hard Questions
More than 80 maritime professionals attended two unique one day events focused on the sub IMO / sub 24 meter sector in Southampton this April. The fast moving and dynamic one day workshops brought together an international group of experts armed with the latest knowledge to identify problems that affect the maritime sector worldwide. The superb team of presenters shared unique insights and highlighted potential solutions for a changing world.
Gail India Seeks Three LNG Cargoes in H2
Gail India has launched a tender to buy three liquefied natural gas (LNG) cargoes in the second half of 2017, trade sources said. The importer is seeking a cargo for July…
Leonhardt & Blumberg Chooses Sealink Business VSAT
Hamburg-based Leonhardt & Blumberg (L&B), one of Germany’s independent charter owner of handysize containerships, has become the first customer for Marlink’s new Sealink Business VSAT service.
Brunswick Expanding Its Boat Building Facility
Brunswick Commercial & Government Products (BCGP) has officially broken ground on a facility expansion at the company's Edgewater, Fla. headquarters. The addition includes a new large-boat building with added manufacturing space and other facility improvements. The new 10,500-square-foot facility will be located on the east side of the commercial boats manufacturing campus and will increase the company's manufacturing capacity by 50 percent.
Great Lakes Limestone Trade Falls 16.3% in April
Shipments of limestone on the Great Lakes totaled 1,630,081 tons in April, a decrease of 16.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reports. Loadings also trailed the month’s five-year average by 22.4 percent. Loadings at U.S. quarries totaled 1,332,839 tons, a decrease of 14 percent compared to a year ago, while shipments from Canadian docks totaled 297,242 tons, a decrease of 24.7 percent, LCA said.
NCL Makes Inaugural Call to Cuba
Norwegian Cruise Line’s first ship to sail to Cuba, Norwegian Sky, has made her maiden call in the capital city of Havana. “Today is a momentous day for Norwegian Cruise Line, our guests and our travel agent partners, as we open our doors to Cuba’s natural beauty, warm people and historical treasures,” said Frank Del Rio, president and chief executive officer for Norwegian Cruise Line Holdings, who was on board Norwegian Sky with other NCL executives to celebrate the voyage.
Damen InvaSave BWSM Makes World Premiere
On April 25 Damen’s IMO certified InvaSave ballast water management system (BWMS) received its world premiere in front of an invited audience courtesy of Groningen Seaports at the harbour of Delfzijl and Eemshaven, The Netherlands. This marks the culmination of a seven-year program to develop an effective mobile BWMS for use in ports. The premiere was a joint presentation between Damen Shipyards, the designated operator MariFlex and Groningen Shipyards, as well as Royal Wagenborg.