Banks Backs Responsible Ship Recycling Standards
Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian DNB, announced that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The banks took the opportunity of making this announcement during the biannual industry gathering in order to raise awareness with the intention of including more banks into the initiative. The Norwegian fund, KLP…
MOL Confirms 2% in Average CO2 Reduction
Mitsui O.S.K. Lines (MOL) has announced that the company has completed an in-service demonstration test of a wind resistance-reducing windshield for containerships, and determined that the device reduces emissions of carbon dioxide (CO2) by an average of 2%. The windshield, co-developed by MOL, was installed on the bow of its operated containership, MOL Marvel, for the demonstration test. Confirmed…
DNV GL Releases New Guidelines for Submarine Pipelines
Depending on the interaction between the pipe and soil, submarine pipelines, both exposed and buried, may be subject to severe displacements and impaired pipeline integrity. Soil characterization and pipe-soil interaction assessment are therefore important parts of any pipeline project. DNV GL now launches a new recommended practice (RP), DNVGL-RP-F114 ‘Pipe-soil interaction for submarine pipelines’, solely dedicated to the interaction between the pipeline and the soil.
Euroseas Acquires Container Feeder Vessel
Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Astoria, a feeder size containership vessel of 2,788 teu built in 2004. The vessel is to be acquired at market price from Euromar LLC, the Company's joint venture with two private equity firms. The agreement to acquire the vessel includes 100% bank financing and a profit share agreed with the bank. The vessel is expected to be delivered to the Company in June 2017.
BMT Launches New Fleet Performance Management Solution
BMT SMART (BMT), a subsidiary of BMT Group, has launched SMARTNOON, a new solution that can deliver higher resolution vessel performance data based on noon reports. Taking a vessel’s noon report as a starting point, SMARTNOON adds metocean data, AIS information and BMT SMART’s unique analytics to provide ship owners and operators with valuable insights, without the need for on-board installations and additional sensors, or disruptive changes to established operating behaviours.
Tsuneishi Says Built 45 Ships Last Year
Japan's Tsuneishi Holdings Corporation said that its shipbuilding business output was nearly flat with the construction of 45 ships in the fiscal year ending December 2016. However, ship orders declined markedly due to the impact of last-minute orders before environmental regulations went into effect in 2015. "Our shipping business, affected by the dry bulk market downturn, recorded sales of 26.9 billion yen, a YOY decline of 5.7 billion yen (-17%)," says a company statement.
USV Deployed for 22 Days in South China Sea
A Singapore based designer and manufacturer of unmanned surface vessels (USVs) said one of its vehicles was recently deployed for more than three weeks in the South China Sea. The 22-day continuous deployment marks the longest ever for Zycraft’s wholly developed Vigilant class 17-meter independent unmanned surface vessel (IUSV), which traveled a total distance of 1,900 nautical miles South China Sea.
Baltic Index Down for 12th Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a 12th straight session on Wednesday as rates fell across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, closed down 22 points, or 2.44 percent, at 878 points - its lowest level since March 1. The capesize index fell 53 points, or 3.39 percent, to 1,511 points.
Saudi Aramco Inks Deals to Build Gulf's Biggest Shipyard
Bahri, Lamprell, Hyundai Heavy are partners and will build VLCC's starting in 2019. Saudi Aramco plans to build the Gulf's largest shipyard through a joint venture with three companies that it announced on Wednesday, a $5.2 billion project aimed at helping reduce the economy's reliance on oil. Low oil prices have drastically slowed Saudi Arabia's economy so it is trying to create manufacturing jobs and produce goods and services which traditionally it has imported.
BOURBON, Kongsberg Partner on Digitalization
BOURBON and Kongsberg Maritime will execute joint projects under a new partnership agreement to develop new ways of efficient operations in the offshore services industry…
Hapag-Lloyd Expects Post-Merger Job Cuts
German shipping company Hapag-Lloyd confirmed on Wednesday that it is looking to cut up to 12 percent of its almost 11,000 land-based workforce after completing its merger with Arab peer UASC last week. A spokesman at Hapag-Lloyd's Hamburg headquarters said the job cuts would be made over the next 18 months to two years, confirming a report in Abu Dhabi-based The National newspaper and hints to this effect earlier this year. The company did not say where jobs would be cut.
New Modular Approach for Scrubber Retrofits
Damen Green Solutions (DGS) in partnership with Damen Shiprepair & Conversion (DSC) and AEC, the scrubber supplier, is trialling a new technique for retrofitting scrubbers. Designated the Modular Approach, this new process is designed to cut the time that a vessel typically needs to spend in dock from two or more weeks to just a few days. This dramatic reduction in downtime, in combination with a more cost-efficient, certified scrubber, will be welcomed by ship owners and operators.
RSC Bio Solutions, Drew Marine Ink Distribution Deal
RSC Bio Solutions and Drew Marine announced a new global marine distribution partnership at a press event held at Nor-Shipping’s annual conference in Oslo, Norway. This strategic alliance creates enhanced global availability for RSC Bio Solutions’ high performance environmental lubricant offerings. With Environmentally Acceptable Lubricants (EALs) growing quickly in the global marine market and demand from shipowners expanding into a wider range of auxiliary lubricant and grease applications…
ITIC Reimburses Marine Surveyor Accused of Negligence
International Transport Intermediaries Club (ITIC) has reimbursed a marine surveyor accused of negligence by the owner of a ferry which sustained significant machinery…
Pirates Fire on M/T Muskie
Armed pirates chased and fired upon the M/T Muskie while the laden tanker was transiting the Bab el-Mandep strait, as pirate activity continues its resurgence in the region.
Rolls-Royce Launches Energy Management System
Rolls-Royce has launched the next generation of its Energy Management (EM) System. The system will allow customers to reduce energy usage, fuel consumption and operating costs whilst supporting environmental compliance and providing performance information that enables the ship to comply with SEEMP rules and IMO regulations. The Energy Management System offers customers a more data-driven performance management and decision making approach.
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Evoqua Revamps SeaCURE BWM System
Using the same approved electrochlorination technology, Evoqua Water Technologies has remodeled its SeaCURE ballast water management system to provide optimum high flow rate performance from what is now one of the smallest electrochlorination system on the market. Introduced during the Nor-Shipping 2017 exhibition and conference, in Lillestrøme, Norway, the next generation SeaCURE System is a skid-mounted…
Wallem Group, Inmarsat Sign Fleet Xpress Deal
Inmarsat has reached an agreement with Wallem Group, one of the largest and ship management companies in the industry, establishing the phase-in of Fleet Xpress…
Norsepower CEO Scoops Young Entrepreneur Award
Norsepower Oy Ltd., a leading provider of low-maintenance, software operated, and data verified auxiliary wind propulsion systems, has announced that its CEO Tuomas Riski is this year’s recipient of the ‘Young Entrepreneur Award’. The accolade was presented to Tuomas yesterday, by His Royal Highness Prince Haakon of Norway, during the opening ceremony of the 2017 Nor-Shipping Conference. Launched in 2013 in collaboration with Nor-Shipping and YoungShip International…