Statoil Awards Contracts to Five Ship Owners
Norwegian oil firm Statoil has awarded contracts to five separate ship owners. The award by Statoil covers seven supply vessels at a total contract value of NOK 3.1 billion (USD 370 million), including options. All vessels will be equipped with hybrid battery operation, and the possibility of shore power connection. “We look forward to a long-term cooperation with the chosen ship owners. The contracts will bring predictability to both the ship owners and Statoil…
S&P Confirms Hapag-Lloyd Rating After Merger with UASC
Rating agency Standard & Poor’s confirmed Hapag-Lloyd’s B+ rating and took the company off its CreditWatch with future negative implications. Hapag-Lloyd was upgraded to Outlook Negative. The merger with UASC has added debt to Hapag-Lloyd’s capital structure. However, due to the acquired ships and containers of UASC no bigger investments are planned in the next few years. Thus, more cash flow should be available for repayment of debt and deleveraging.
T-Mining Pilot Project on Container Handling in Antwerp Port
T-Mining is currently working on a pilot project that will make container handling in the port of Antwerp more efficient and secure. Using blockchain technology, processes that involve several parties – carriers, terminals, forwarders, hauliers, drivers, shippers etc. – are securely digitised without any central middleman being involved. Just getting a container from point A to point B frequently involves more than 30 different parties, with an average of 200 interactions between them.
Caribbean Cooperation for Low-Carbon Shipping
Work to promote energy-efficient shipping is underway at the newly-established Caribbean Maritime Technology Cooperation Centre (MTCC) with a conference at the Centre’s headquarters at the University of Trinidad and Tobago (27-28 June). The Centre is part of the global network for energy-efficient shipping under the GMN project, funded by the European Union and run by International Maritime Organization (IMO).
ExxonMobil Joins with Eagle LNG, Crowley on LNG Marine Fueling
ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America. The three companies signed a Memorandum of Understanding (MoU) on June 27, 2017. The parties will initially focus their efforts in Florida before expanding to other North American markets.
Cosco Firms Sign Insurance Agreement
Cosco Shipping Energy Transportation has entered into insurance services framework agreement with Cosco Shipping Insurance pursuant to which the latter will provide vessel-related insurance services to the Group. Cosco Shipping Insurance is a wholly-owned subsidiary of Cosco Shipping , the Company’s indirect controlling shareholder. Accordingly, Cosco Shipping Insurance is a connected person of the Company…
Using Tech to Fight Piracy on the Open Sea
With maritime piracy seen on the rise once again, the shipping industry now looks to redouble its efforts to prevent these dangerous and costly attacks. Though piracy…
An Engine Oil Goes the Distance
An inspection of one of two main engines on a U.S. inland waterways vessel revealed that ExxonMobil’s Mobil Delvac 1 ESP 5W-40 diesel engine oil provided outstanding protection and cleanliness for a Cummins KTA38 marine diesel main engine after nine years of continuous use. The engine had accumulated 21,782 running hours with an initial fill of Mobil Delvac 1 ESP 5W-40 engine oil. Mobil SignumSM oil analysis was used to closely monitor the health of the engine throughout this period…
Bollinger Delivers FRC Oliver Berry to the USCG
Bollinger Shipyards said it has delivered the Fast Response Cutter (FRC) USCGC Oliver Berry to the U.S. Coast Guard on June 27, 2017 in Key West, Fla. The vessel’s commissioning is scheduled for October 2017 in Honolulu. The 154-foot patrol craft USCGC Oliver Berry is the 24th vessel in the Coast Guard's Sentinel-class FRC program. To build the FRC, Bollinger used an in-service parent craft design based on the Damen Stan Patrol Boat 4708.
Delta Pilots Order Fifth Vessel from Gladding-Hearn
Delta Launch Services, the operating company for the Associated Branch pilots on the SW Pass of the Mississippi, has ordered a new pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery of the new 52-footer, scheduled for 2018, is the fifth St. John’s Class launch built for the Delta pilots by the Somerset, Mass. shipyard. The new launch, a sister-ship to the Mississippi, delivered in 2013…
Maersk Booking System Back In Action after Cyber Attack
Maersk Line, one of the world's largest container shipping companies, said on Wednesday its cargo booking system was back up and running after a global cyber attack crippled its IT networks a day earlier. "Further to earlier communications, we are now able to accept bookings via INTTRA," the company said on Twitter. Earlier, Maersk said it was using alternative channels to take orders manually and to communicate with customers until it could resolve its IT problems.
Lloyd’s Register Helps Seafarers in Need
Lloyd’s Register (LR) has donated £20,000 to Sailors’ Society’s Emergency Welfare Fund which provides financial relief to seafarers and their families in dire need. Every year, maritime charity Sailors’ Society is inundated with requests for support from seafarers with diverse and pressing welfare needs. This is the seventh year running that LR has donated to the fund, bringing its total contribution to more than £140,000.
MTI Launches Its First Push Boat
Metal Trades, Inc. (MTI) has launched a newly built shallow-draft push boat for Bald Head Island Limited, LLC. (BHI). The new vessel, Capt Cooper, was christened during a June 27 ceremony at the builder’s Yonges Island, S.C. facility. As the first self-powered vessel built by MTI, Capt Cooper signals an expansion of MTI’s service offering to include new vessel construction. The 55-year-old company has been active in heavy metal fabrication…
Fernback to Lead C-MAP
Marine navigation technology company C-MAP announced that Sean Fernback has been engaged as Chief Executive Officer of Digital Marine Solutions Holding AS and the C-MAP Group. Most recently, Fernback was CEO of the open platform locations company HERE, which he led for two years including managing its divestiture from parent company Nokia. Prior to that, Fernback led engineering and product development for the consumer division at TomTom.
US Navy Orders First ‘Flight III’ Destroyer
Huntington Ingalls Industries (HII) said its Ingalls Shipbuilding division has received a contract modification to incorporate the “Flight III” upgrades to the Arleigh Burke-class (DDG 51) guided missile destroyer Jack H. Lucas (DDG 125). The ship is the fifth of five destroyers the company was originally awarded in June 2013. “We have proven our success in the DDG 51 class over the past 30 years, and our shipbuilders are ready now to build the first Flight III ship…
Regulatory Growth Drives Search for Durable Lubricants
Using HEPR solutions satisfies regulatory compliance, sustainability initiatives and performance demands. There are numerous factors that are driving global environmental regulatory growth and the growth in renewable lubricant technologies, such as natural resource constraints, standardizing requirements due to globalization, public opinion and pressure, increase in climate change concerns, new technologies…
Meet OSCAR, the Water Rescue Training Dummy
Recovering someone who has fallen into the water is no easy task, especially if the victim is unconscious or lethargic due to cold temperatures. Training is essential to prepare potential rescuers for how difficult it can actually be. The OSCAR Water-Rescue Training Dummy from Emerald Marine Products is used by safety instructors across North America for teaching people what it's like to retrieve a lifeless, 180 lb. adult.
ABS Issues Software Quality Assessment in Asia Pacific
ABS has issued the first Integrated Software Quality Management (ISQM) Product Design Assessment (PDA) Certificate in the Asia-Pacific region for Industrial Control…
New Propulsor Leverages PM Technology
Finnish collaborators have unveiled a new propulsion unit. Azimuth propulsion specialist Steerprop has rolled out its new CRP ECO LM propulsor featuring permanent magnet (PM) technology from The Switch. Steerprop has been developing propulsion units since 2001, while The Switch, a developer of advanced drive train solutions, has been using its technology to enhance performance in marine applications.
Ballast Water Convention Fate in the Balance -Coldharbour CEO
Delegates at the IMO’s Marine Environment Protection Committee 71, due to gather in London during the first week of July, may well have the last chance to ensure that the long-delayed Ballast Water Convention is implemented, as intended, in an orderly fashion when ships undergo their special surveys, once every five years. This, says Coldharbour Chief Executive Andrew Marshall, will ultimately decide…