ABB Launches Emissions Monitoring Module
A new development from ABB will enable customers to monitor emissions according to the EU’s Monitoring Reporting and Verification (MRV) regulation requirements, which come into effect January 1, 2018. ABB’s MRV module has been certified by the independent certifier Verifavia, as a tool to monitor all parameters to comply with the EU’s MRV regulation requirements. The system follows requirements set out in Regulation (EU) N° 2015/757…
MXB Begins Physical Operations in Mumbai
Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies.
OP/Ed: CVIDA Good for Environment & Economy
I think it safe to say everyone agrees the discharge of ballast water has introduced non-native species to ports and harbors worldwide and more must be done to stop future invasions. Unfortunately, beyond that, there’s less agreement, much less. As a result, here in the United States we have two federal agencies, the U.S. Coast Guard (USCG) and the U.S. Environmental Protection Agency (EPA), plus, at last count…
Hapag-UASC Tie-up Nears Completion
German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. The deal to create the world's fifth-biggest shipping company, valued at about 7 billion to 8 billion euros ($7.8-$8.9 billion), had been scheduled to complete at the end of last year. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route.
The New Offshore Reality
Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he told a floating production conference in Oslo. After two-and-half years of oil-price collapse followed by layoffs in the thousands; stacked oil rigs and order freezes for offshore shipping, price insecurity itself is a partial expression of confidence.
Swiss Fleet Dwindles as State Guarantees End
A dozen ships from the Swiss high seas fleet are being sold off as the global shipping crisis takes its toll on the quirky remnant of landlocked Switzerland's efforts…
New Fast Displacement Yacht is First with Hybrid Propulsion
A new motoryacht built by built by the Netherlands’ Heesen Yachts is the world’s first Fast Displacement equipped with hybrid propulsion. Christened M/Y Home, the vessel is ultra-efficient, low fuel-burning and one of the quietest on the oceans. There are two sources of power for propulsion: diesel mechanical and diesel electrical. Either source can be used independently or simultaneously, providing less noise and vibration, more flexible power management and increased efficiency.
North Korea's New Ferry Service Makes First Trip to Russia
A new ferry line between isolated North Korea and its neighbour Russia docked for the first time at the Russian Pacific port of Vladivostok on Thursday. The ferry's…
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3.
Dellner to Launch Heavy Duty SKD Disc Brakes
Dellner Brakes AB said it will introduce two new heavy-duty disc brakes to its SKD range that, through a new modular design, are set to deliver more choice and stopping power for large industrial, marine and offshore applications. The new brakes will be launched at Nor-shipping in Oslo, taking place from May 30 to June 2. Designed for stopping rotary motion and statically holding load in large marine vessels and industrial machinery…
AWO Welcomes CVIDA Inclusion in Coast Guard Authorization Bill
The American Waterways Operators (AWO) said it welcomes the inclusion of the Commercial Vessel Incidental Discharge Act (CVIDA) and the recapitalization of the aging fleet of inland waterway tenders as part of the FY 2018 Coast Guard Reauthorization Act, which was approved today by the Senate Committee on Commerce, Science and Transportation by voice vote. CVIDA is bipartisan legislation that streamlines…
EMP Inks Deal to Supply Aquarius MAS
Eco Marine Power (EMP) has signed a Memorandum of Understanding (MOU) with a Singapore based shipping company to supply its Aquarius Management and Automation (MAS) + Solar solution. The solution will also include hardware and software that will allow ships to monitor fuel oil consumption in real time, automatically calculate NOx/SOx/CO2 emissions and interface with marine solar power systems. Initially…
Managing Oil Spills
International experts have been sharing experiences, new technologies and scientific advancements relating to oil spill response at the International Oil Spill Conference (IOSC) in Long Beach, United States (15-18 May). The theme of the conference is “prevent, prepare, respond and restore”, which fully aligns with International Maritime Organization (IMO)'s regulatory work to prevent oil spills from occurring and also its work to support countries to be prepared to respond to such incidents.
Death Toll On The Rise at Chittagong Shipbreaking Yards
Two workers lost their lives at the Chittagong shipbreaking yards in the last two weeks, bringing the total death toll this year to six workers, reports NGO Shipbreaking Platform. On 6 May, 26-year-old Shahinoor died at Jamuna Shipbreaking yard. He fell from a great height when he was breaking the Hanjin Rome, which was the first vessel arrested after the collapse of one of the largest container ship companies last year – the Korean company Hanjin Shipping.
India, Singapore Navy Drill SIMBEX-17 Commences
As part of "SIMBEX-17’, the ongoing Bilateral Naval Exercise between Navies of the Republic of Singapore and India, lndian Naval Ships Shivalik, Sahyadri, Jyoti and Kamorta and one P8-I Maritime Patrol and Anti-Submarine Warfare Aircraft are participating. While INS Sahyadri and INS Kamorta are at Singapore since 12 May 2017, INS Shivalik and INS Jyoti would be joining directly for the sea phase of the exercise.
Dynagas Closes USD 480mln Term Loan B
Dynagas LNG Partners, an international owner and operator of liquefied natural gas (LNG) carriers, announced the closing of a USD 480 million Senior Secured Term Loan B facility (the "Term Loan B") by its wholly-owned subsidiary, Arctic LNG Carriers Ltd. The Term Loan B is secured by, among other collateral, first priority mortgages on the vessels owned by borrower subsidiary guarantors, and is guaranteed by the Partnership and certain of its subsidiaries.
Ex-HMAS Sydney Retires to Western Australia
Ex-HMAS Sydney has left Sydney Harbour to be towed to Western Australia for recycling, says Minister for Defence Personnel Media Release. Minister for Defence Personnel Dan Tehan said the frigate will be recycled by Australian company Birdon Pty Ltd. “Ex-HMAS Sydney had an illustrious career during her 32 years in service with the Royal Australian Navy,” Mr Tehan said. “The Adelaide class frigate was involved in operations spanning the Middle East…
Liberian Registry No 1 Choice for Greek Shipping
Liberia has confirmed its position as the leading flag of choice for Greek ship owners and operators, according to statistics produced by the independent research and information organisation Marine Information Services (MIS) in Greece. The MIS figures show that the Greek merchant fleet now includes 1,037 Liberian-flag ships. Liberia also leads the way in terms of total deadweight tonnage registered under its flag by Greek owners, aggregating 78m dwt.
Safe Bulkers Expands Fleet
Safe Bulkers, in its Q1 financial results annoucements said that with the latest addition of Pedhoulas Rose, its fleet has increased to 38 dry bulk vessels. In January 2017, the company took delivery of Pedhoulas Rose (Hull No. 1146), a 82,000 dwt, newbuild Kamsarmax class vessel. Also in January, Safe Bulkers took delivery of Hull No. 1551, a 81,600 dwt, newbuild Kamsarmax class vessel which was subsequently sold to chief executive officer and chairman, Polys Hajioannou.
Wilhelmsen Drone Project Takes Off
Marking a seismic shift in just how ships agents can support their customers, Wilhelmsen Ships Service (WSS) will soon be delivering its agency essentials via drone. A much talked about technology, with obvious applications for the shipping industry, it is WSS’ ships agency team, rather than the company’s supply chain, or product divisions, which have been assessing the business opportunities offered by drones.