Polaris Orders 3 Iron Ore Carriers at Hyundai
South Korean shipping firm Polaris Shipping Co has placed an order with Hyundai Heavy Industries (HHI) to build three very large iron ore carriers, Yonhap reported. Polaris said the 325,000-ton iron ore carriers will replace some of its aged ships. The financial details of the shipbuilding contract and delivery schedule for the newbuildings were not disclosed. With the latest order from Polaris HHI's orderbook that was valued at $3.8bn in the first five months of 2017 will enlarge further.
Diana Addendum to Time Charter with Rio Tinto
Diana Shipping, through a separate wholly-owned subsidiary, has agreed to extend and increase the time charter rate of the present time charter contract with Singapore-based Rio Tinto Shipping (Asia) for one of its Capesize dry bulk vessels, the m/v Sideris GS. The global shipping company specializing in the ownership of dry bulk vessels added that the contract is for a period of minimum 13 months to maximum 17 months.
BIMCO Sets Course for Digitalization
Anastasios Papagiannopoulos, CEO of Common Progress has been elected President of BIMCO has set three clear themes for his two-year presidential term. The first is to promote digitalisation across the industry. BIMCO will be working on a range of projects using convergent technologies to pursue this objective, including applying new advances in software capability to develop a brand new contract editing tool.
EU Intensify China Cooperation for IMO CO2 Strategy
Following the decision of the United States to withdraw from the Paris Climate Agreement, the European Community Shipowners' Associations (ECSA) and the International Chamber of Shipping (ICS) encourage the intentions of the European Union and the People's Republic of China to intensify cooperation in achieving a global climate deal for shipping. Indications of such cooperation materialised during the 19th EU-China Summit held in Brussels last week.
Indian Navy Ship with All-Woman Crew Visits Mauritius
The Indian Navy's sailing vessel INSV Tarini, with an all-woman crew, visited Port Louis harbour in Mauritius as part efforts by the two countries to ramp up maritime security cooperation. Tarini, which inducted in the Indian Navy in Feb 2017, is the sister Vessel of Indian Navy's first sailing Vessel INSV Mhadei, that has numerous accomplishments to her name. INSV Tarini is 55 feet in length and built in India in line with the ‘Make in India’ initiative of the Indian Navy…
UN Agencies Commit to Cutting Harmful Fishing Subsidies
As the international community focuses this week on preserving the health of global oceans and seas, the United Nations agencies on agriculture, environment and trade are committing to the sustainable trade of fisheries. The agencies – the UN Food and Agricultural Organization (FAO), the UN Environment Programme (UNEP) and the UN Conference on Trade and Development (UNCTAD) – are due to announce the commitment today at The Ocean Conference…
GloBallast Story Published at UN Ocean Conference
During the 20th century, tiny organisms carried in the ballast water of ships began to be recognized as alien invasive species. These aquatic species were hitching a ride across the oceans and some were embedding themselves in new areas, multiplying and becoming harmful invasive aquatic species. The impacts on native species, local ecosystems and sea-based economies have, in some cases, been devastating.
IMO Set to Adopt Passenger Ship Safety Amendments
Revised safety requirements to ensure new-build passenger ships remain afloat after a major incident are among a set of amendments set for adoption by International Maritime Organization (IMO)'s Maritime Safety Committee (MSC), which meets from 7-16 June. The revisions to the International Convention for the Safety of Life at Sea (SOLAS) chapter II-1, relating to subdivision and damage stability, follow a substantive review of SOLAS chapter II-1, focusing in particular on passenger ships.
Government Nod to India-Cyprus Pact on Merchant Shipping
The Indian Cabinet of Ministers gave ex-post facto approval to the agreement signed in April between India and Cyprus on merchant shipping. The memorandum of understanding (MoU) is aimed at enhancing cooperation between the two nations for sea trade development. "The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the agreement between India and Cyprus on merchant shipping…
Selektope Coatings for Stena RoPax Newbuilds
Stena RoRo, who has four newbuild RoPax ferries on order at the AVIC yard in Weihai, China, has signed a contract to coat the hulls with paint that incorporates the bio-repellent antifouling ingredient Selektope. According to Selektope’s developer, Gothenburg based bio-tech company I-Tech AB, its pharmacological mode of action combats barnacle settlement on ships’ hulls by temporarily stimulating the barnacle larvae’s swimming behavior.
NASSCO Delivers Final Jones Act Tanker for APT
With the delivery of Palmetto State to American Petroleum Tankers (APT), San Diego shipbuilder General Dynamics NASSCO has now handed over the final ECO Class tanker constructed as part of an eight-tanker, dual-customer program. Palmetto State, delivered June 7 during a signing ceremony at the NASSCO shipyard in San Diego, is the final vessel in a series of eight liquefied natural gas (LNG)-conversion-ready product tankers ordered by two companies, APT and SEA-Vista, LLC, in 2013.
Court Rejects Frontline's Complaint against DHT-BW Group Deal
A court in the Marshall Islands rejected tanker operator Frontline's complaint against DHT Holdings over a rival deal with BW Group. Frontline, controlled by shipping tycoon John Fredriksen, owns around 14.5 percent of DHT. Frontline has been trying for the past year to take over its New York-listed rival. (Reporting by Ahmed Farhatha; Editing by Maju Samuel)
A Case for Maritime Cyber Security Capability
As I waited for my daughter’s decision regarding the peanuts she was contemplating, an Economist magazine headline grabbed my attention: Why Computers Will Never be Safe. We were in one of those unexceptional airport newsstands waiting for our flight, returning to reality from vacation, and the subject was cyber security. It was April, and the subject had consumed me since the previous summer as our…
FCI Watermakers Upgrades Its V4 Controller
Like any other modern shipboard system, watermakers rely on electronics for continued trouble-free operation, monitoring and automated self-maintenance. FCI Watermakers said it has enhanced its V4 Controller, upgrading the controller's firmware. The improvement increases screen response speed and provides an enhanced graphics-based visualization, or HMI (human machine interface), the manufacturer said. Using the V4 Controller is simple with its intuitive menu.
ABS Hosts Industry Leaders in Athens
ABS, a provider of classification and technical services to the marine and offshore industries, held its annual Hellenic National Committee meeting in Athens, Greece in June. “As the recognized classification leader in Greece, we bring together the best and brightest industry leaders for transparent, robust and engaging conversation related to key industry issues,” said ABS Chairman, President and CEO Christopher J. Wiernicki.
PBES Launches Harpoon Product Line
Plan B Energy Storage (PBES), a providers of battery energy solutions for the marine market, announced the launch of its Harpoon battery product line. Harpoon Power 65 and Harpoon Energy 97 energy storage systems deliver a faster return on investment from battery technology, and utilize the latest advances in lithium-ion cell technology to deliver a safe, high quality and commercially viable clean technology solution for ship owners and operators.
MAN Diesel & Turbo to Buy 40% Stake in Aspin Kemp
MAN Diesel & Turbo said it has contractually agreed to acquire a 40 percent participation in Aspin Kemp & Associates (AKA), a Canadian company specializing in power supply…
AkzoNobel Expands Coatings Research Facility
AkzoNobel has completed the $3.5 million expansion of its U.S. research and development facilities in Houston. Carried out in phases over a period of three years, the investment in the site – which employs around 40 scientists – will support the company’s Protective Coatings, Marine Coatings and Specialty Coatings businesses. Part of AkzoNobel’s ongoing investments in its global RD&I activities, the…
Abu Dhabi Port Eases Restrictions on Tankers Going to and from Qatar
Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday.
DNV GL Grants AiP for Kawasaki's New MOSS Tank
DNV GL has awarded Kawasaki Heavy Industries, Ltd (KHI) an Approval in Principle (AiP) for its newly developed non-spherical (MOSS) tank. The new tank is a IMO Independent Type B LNG tank that has been developed for use in 180,000 m3 LNG carriers designed to pass through the new Panama Canal. KHI said that the new tank has the same reliability as a spherical (MOSS) tank, but has an increased cargo capacity of 15 per cent.