Dundee Wants to be a Major Oil and Gas Decommissioning Hub
Forth Ports Limited and AF Offshore Decom UK announced the signing of a Heads of Agreement with the intent to establish a new joint venture, AF Dundee, which will lay the foundations of creating a North Sea oil and gas decommissioning hub in the city of Dundee, with its nucleus at the port. AF Offshore Decom UK, a subsidiary of AF Gruppen, is one of the North Sea’s most respected and prominent decommissioning contractors and operates AF VATS Environmental Base in Norway…
MOL Joins Blockchain Consortium
Mitsui O.S.K. Lines (MOL) has announced its determination to participate in the "Consortium to develop trade data sharing platform using blockchain technology," in which NTT DATA Corporation serves as the administrative office. The consortium is comprised of 14 trade-related companies such as banking, insurance, total logistics providers and export/import companies. Current trading practices rely heavily on bills of lading and other documents.
Cosco Shipping H1 Net Profit Up 42%
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence. The solid economic and trade growth brought about long-awaited signs of recovery for the shipping industry. The rational competition and cooperation…
DMCA Training for Marine Drivers
The Dubai Maritime City Authority (DMCA) has revealed the growing demand for marine driving licenses in the Emirate of Dubai as reflected by the high volume of applications for marine crews operating within local waters. In response, the DMCA’s Maritime Traffic Management team ensures the Skippers’ Evaluation course being provided to Skippers with a one-hour briefing class on ‘Marine Knowledge for…
IMO Low-Sulfur Requirements to Disrupt Industries
The International Maritime Organization (IMO) recently confirmed that global refiners and shippers must comply with new regulations to reduce the sulfur content in marine bunker fuels by January 2020—five years earlier than many expected. As a result, both the global refining and shipping industries will experience rapid change and significant cost and operational impacts, according to new analysis from IHS Markit, the leading global source of critical information and insight.
Bangladesh Navy Chief Visits India
Admiral Nizamuddin Ahmed, Chief of Naval Staff of the Bangladesh Navy is on an official visit to India from 28 to 30 August 2017. The visit is aimed at consolidating bilateral naval relations between India and Bangladesh and to explore new avenues for Naval Cooperation. The Chief of Naval Staff, Bangladesh Navy will hold bilateral discussions with Admiral Sunil Lanba, Chairman Chiefs of Staff Committee and Chief of the Naval Staff and other senior officials of the Indian Navy on 28 August 2017.
Singamas Back in the Black
Singamas Container Holdings Limited, Hong Kong-listed container manufacturing company, turned around in the first half of this year, thanks to a 45 per cent surge in its revenue mainly due to a jump in container sales and a higher average unit. "During the review period, the recovering global economy, rise in international trade and the corresponding pick up in shipping volume as well as the strengthening market sentiment have been favourable for the container industry…
Singapore, Japan Feasibility Study LNG-Fuelled Car Carriers
To promote LNG bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL).
France Will Make Fresh Proposals on STX Shipyards to Italy
France will make new proposals to Italy with the hope of resolving their differences over the sale and joint control of STX shipyards before a Franco-Italian summit in September, Economy Minister Bruno Le Maire said on Monday. Paris angered Rome last month after it ordered a "temporary" nationalisation of STX, cancelling a deal in which Italy's state-owned Fincantieri and another Italian investor had agreed to buy a 54.6 percent stake.
13% of Manned Platforms Evacuated in GoM
Offshore oil and gas operators in the Gulf of Mexico have evacuated personnel from 98 production platforms, 13.3 percent of the region’s 737 manned platforms during Tropical Storm Harvey, according to this morning’s data submitted to the Bureau of Safety and Environmental Enforcement (BSEE). BSEE said personnel have been evacuated from five of 10 non-dynamically positioned (DP) rigs currently operating in the Gulf. None of the Gulf’s 21 DP rigs have moved off location.
Class of ’17 Graduates Ingalls Apprentice Program
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division hosted a ceremony on Saturday for 123 graduates of its apprentice program. The class of 2017 graduates represent several classes of shipyard trades. “You are each a vital member of the Ingalls Shipbuilding team that builds the most complex warships the world has ever known,” Ingalls Shipbuilding President Brian Cuccias told the graduates.
Faster Propeller Repairs in the Middle East
Aiming to provide faster repair service in the Middle East to ship operators whose vessels have sustained propeller damage, Stone Marine Shipcare has signed a Service Agency Agreement with Dubai Drydock World which sees one of the companies’ mobile workshops permanently based there. The workshop will be used, not just at Drydock Worlds’ own facilities, but can be quickly transported to other Middle Eastern shipyards, wherever a ship is in need of repair or maintenance to its propeller.
Lawson Joins Bristol Harbor Group
Naval architect Ian Lawson has been hired to join the naval architecture and marine engineering practice of Bristol Harbor Group, Inc. (BHGI). Lawson holds a B.S. in Naval Architecture & Marine Engineering from Webb Institute, where he served as Class President and Honor Council Chairman, and participated on the Education Committee, sailing team, jazz band and choir during his time at Webb. Lawson interned at BHGI in January and February of this year.
Libyan Navy Seizes Tanker over Suspected Smuggling
Libyan naval forces on Sunday seized a Liberian-flagged oil tanker and detained its mainly Filipino crew on suspicion of smuggling oil off the Abu Kammash area west of the capital Tripoli…
Tanker Shipping: Is the Oil Market Rebalancing or Not?
The one key factor to watch is the one thing that’s impossible to measure accurately on a global scale, oil stocks. Global stocks for both crude oil and oil products rose significantly following the sharp fall in crude oil prices in the second half of 2014. But while this may seem to be in the past, it is still haunting the oil market and the oil tanker market. Demand in the tanker market is below normal levels and will only increase once the global oil stocks have been reduced.
Moving Ahead Powerfully
The layout of ship propellers is a balancing act between optimal power conversion and the avoidance of unwanted cavitation effects, which can result in damage to the propeller structure and higher noise levels. MAN Diesel & Turbo in Frederikshavn, Denmark, is using the computational fluid dynamics (CFD) simulation solution STAR-CCM+ from Siemens PLM Software to model cavitation and optimize ship propellers.
MEPC 71: Ballast Water Management Update
Marine Environment Protection Committee (MEPC) 71 was a very busy week and ship owners can now benefit from having a firm view of the regulatory timeline for complying with the latest global require-ments for managing the ballast water from their vessels. Unfortunately, the timeline remains very crowded and for owners with ships trading to and from the U.S., compliance is more complicated. While some…
Marine Hazards to Subsea Cables and Pipelines
In February 1989 the RoRo vessel Vinca Gorthon ran into heavy weather and sank off the Dutch coast. She landed on an oil pipeline that was severely damaged. Although the probability of sinking on top of a pipeline is very small, the incident showed that it can happen. Shipping traffic can represent a potential hazard to subsea pipelines in various ways, such as sinking or grounding, lost containers or an anchor hooking onto a pipeline.
Speedcast, Danaos Partner on Maritime Digitalization
Speedcast International Limited, the provider of remote communication and IT solutions, and Danaos Peripherals announced a strategic alliance agreement under which…
Port of Texas City Expects to Resume Service after Assessment
The Port of Texas City said on Saturday it expects to reopen within 24 to 48 hours after completing an assessment for damages after Tropical Storm Harvey made landfall as a category 4 hurricane.