Dryships Time Charter Contract for Newcastlemax Vessels
DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has entered into a time charter with a major coal and steel trader for its fourth and last of its 206,000 dwt Newcastlemax drybulk vessels. The contract has a duration of about one year, with a gross rate linked to the Baltic Capesize Index (5 T/C route) plus 20% and will commence upon the delivery of the vessel, expected in July 2017.
Environmental Ship Index to Evaluate CO2 Performance
As of 1 July 2017, the Environmental Ship Index (ESI) started evaluating performance in the field of CO2, says a press release from Antwerp Port Authority. To date, only the environmental performance of ships on emissions of air pollution (NOx and SOx) were assessed. This makes the index the first sustainable quality mark in international shipping that includes the performance and, more particularly, the reduction in CO2 in its assessment.
Yinson Sells FPSO Stake in Ghana
Malayasia's Yinson Holdings has sold its26 percent stake in its floating production, storage and offloading (FPSO) unit in Ghana to a consortium of Japanese companies, The Star reported. According to the heads of agreement (HoA) with the consortium, the value of the stake in Yinson Production (West Africa) Pte Ltd (YPWA), the company said yesterday, was estimated in the range of $104 million to $117 million.
Hapag-Lloyd Issues Euro Bond Worth EUR 300mln
Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years. The proceeds will be used for the early redemption of the company’s euro bond due in 2018 and the early partial redemption of the euro bond due in 2019. Currently, the redemption is envisaged for October this year. Hapag-Lloyd is one of the leading…
EU Needs to Address Decommissioning of Floating Oil and Gas Structures
A joint event between the European Economic and Social Committee (EESC) and three Green Members of the European Parliament highlighted the paradox between the strict rules under OSPAR for the decommissioning of fixed oil platforms from the North Sea with the rules that govern the recycling of floating platforms and structures. The latter fall under the same rules as commercial ships, and would therefore have to follow the EU Ship Recycling Regulation.
Trump to Promote US Natgas Exports in Russia's Backyard
President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with neighboring countries in winter months. Exports from the United States would help reduce their dependence on Russia.
WinGD X52 Diesel FAT and TAT Completed
Following an extensive test program in the presence of eight classification societies, the latest development in Winterthur Gas & Diesel’s Generation X low-speed diesel engine range, the X52, completed both its Factory Acceptance Test (FAT) and Type Approval Test (TAT). The newly certified engine is the five-cylinder version of the 52 cm bore X52 diesel from Winterthur Gas & Diesel (WinGD), and completion of the important TAT and FAT signals that the X52 is ready for commercial applications.
Wärtsilä Power, Navigation Systems for Virgin Cruise Ships
Wärtsilä said it has secured contracts to provide a scope of power and navigational control solutions for three new 2,800 passenger cruise vessels being built at the Fincantieri shipyard in Italy for Virgin Voyages, the latest of the international Virgin Group's travel businesses. An order for Wärtsilä engines, hybrid exhaust cleaning scrubber systems and selective catalytic reduction (SCR) systems was booked in 2016…
Turkish Captain Says Greek Coast Guard Fired on His Ship
The captain of a Turkish freighter said on Monday that the Greek coast guard had fired on his vessel after he refused an order to dock at a port on the Greek island of Rhodes.
MN100: July 3 is the Final Day to Apply
Today is the final day to apply for the MN100. Is your firm a top workboat, brown water or inland enterprise? Each year the August 2017 edition of Marine News magazine, the leading voice in the North American workboat market, features 100 leaders and innovators, including workboat owners and operators, builders and repairers, and product and service providers.
NordLB Drops Plans to Sell Shipping Loans to KKR
German lender NordLB has abandoned efforts to sell a 1.3 billion euro ($1.5 billion) portfolio of shipping loans to KKR, Handelsblatt reported on Monday, citing a spokesman for NordLB.
Dan-Bunkering Appoints Jensen as Managing Director
Dan-Bunkering (America) Inc. has announced the promotion of Jim Jensen to the position of managing director as of July 1, 2017. Jensen initially started with Dan-Bunkering as a bunker trader at its Copenhagen office in 2008 and relocated to Houston in 2012 at the same time as the opening of the group’s first American set-up, where he advanced to commercial director. Prior to joining the Dan-Bunkering Group, Jensen was employed by a large oil company in Denmark.
Aqualiner Orders Four Damen Waterbus Vessels
Recently, Aqualiner signed a contract with Damen Shipyards for four Damen Waterbus 2407 vessels. The waterbuses will provide public transport services in the Belgian city of Antwerp, as part of a wider transportation program also including land-based public transport services and road improvement schemes. This is the first order for the new Waterbus 2407. Although new, the Waterbus 2407 is based on proven solutions developed by Damen’s in-house R&D team.
DONG, CWind Extend Crew Transfer Vessel Contract
CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea. CWind, the offshore power focused business of Global Marine Group (GMG), will provide vessels for Operations & Maintenance (O&M) to the 108-turbine West of Duddon Sands site…
El Faro Investigators Call for Better Weather Forecasting
New recommendations coming out of the investigation into the 2015 sinking of U.S. cargo ship El Faro call for efforts to improve the weather information available to mariners. All 33 crew on board died when the 790-foot El Faro sank close to the eye of Hurricane Joaquin near the Bahamas on October 1, 2015, two days after leaving Jacksonville, Fla. en route to Puerto Rico. Now, as part of its ongoing investigation into the incident…
ClassNK and Green Award Strengthen Ties
ClassNK and Green Award announced that they would further broaden their cooperation to ensure safety and minimize negative effects of the shipping industry. ClassNK became a Green Award incentive provider. ClassNK, a ship classification society, known for its highest quality classification services, covers about 20 percent of the world merchant fleet. The society is committed to safety and the prevention of pollution of the marine environment.
WorleyParsons Wins Contract from Saudi Aramco for Marjan Oilfield
Australia's WorleyParsons has won a contract from state oil firm Saudi Aramco to conduct engineering and design work for offshore facilities and pipelines for the…
Partners to Establish Digital Platform to Create Future Ships
Rolls-Royce, The Norwegian University of Technology Science (NTNU), research organization SINTEF Ocean and classification society DNV GL have signed a memorandum of understanding (MoU) with the aim of creating an open source digital platform for use in the development of new ships. The platform will allow the creation of so called “digital twins”. A digital twin is a digital copy of a real ship, including its systems, that synthesizes the information available about the ship in a digital world.
High-speed Ferry Delivered in the Philippines
A second 30-meter high-speed passenger ferry for the 2Go Group, MV Saint Sariel, has been delivered in the Philippines, shipbuilder Austal Limited announced. Austal was awarded a A$13 million contract for two Incat Crowther designed catamarans in June 2016 and construction of both vessels has been completed at the Austal Philippines shipyard in Balamban, Cebu. Austal chief executive officer, David Singleton…
All Maersk Major IT Systems Back Online
Danish shipping giant A.P. Moller-Maersk said it has restored its major applications, as it brings its IT systems back online after being hit by a major cyber attack last week. "Today we can finally reopen our key applications," Maersk said in a statement on Monday. The company, which handles one in seven containers shipped globally, said it expects to have all its 1500 applications fully functional within a week.