More Cargo, Slower Steaming Support VLCC Rates
VLCC rates from MidEast to Asia gain around $3,000; higher chartering volumes for peak winter season could lift rates. Freight rates for very large crude carriers (VLCCs) on Asian routes may have found a floor this week as a combination of increased chartering activity and some tankers sailing at slower speeds pushed rates slightly higher from the Middle East. "Rates are at a bottom, they have kind of found a floor…
BP’s Glen Lyon FPSO Classed by DNV GL
DNV GL said it has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. Glen Lyon is a purpose-built FPSO expected to produce 130,000 barrels of oil a day at peak production. The vessel was transferred into class shortly after first oil in May 2017. DNV GL’s Maritime and Oil & Gas business areas have together provided BP with a broad range of technical skills required for the challenging conditions in which the FPSO will operate.
DP System for Icebreaking Standby Vessel
A Navis NavDP4000 DP-2 system has been commissioned on board the third vessel in a series of four currently under construction on Arctech Helsinki Shipyards. This…
Fincantieri Cuts Steel for Princess Cruises
First steel was cut Friday at Fincantieri’s shipyard in Monfalcone for a new ship for Carnival Corporation brand Princess Cruises. The vessel will be the fourth edition of the class for Princess Cruises, following Royal, Regal and Majestic, delivered by the same yard in 2013, 2014 and 2017 respectively. Works for the construction of a bow section for this unit began last November at Fincantieri’s shipyard in Castellammare di Stabia, Naples.
Investors Give Kleven a Boost
A group of investors has pumped nearly $40 million into Norwegian shipbuilder Kleven. Norwegian cruise, ferry and cargo operator Hurtigruten and its owners, Petter A. Stordalen and TDR, will be the largest partner in the newly established company, with a 40 percent share. Current owners, John Kleven AS and H-Invest AS are bringing new funds to the company. Additional investors include Åge Remøy and Magnus Roth's InYard Invest, Lürssen-Group, and Per Lillebø.
Drechsel Joins Sea IT Technical Team
Adam Drechsel has joined the international team at the Sea IT headquarters in Gothenburg, Sweden. Drechsel has a background in system development and networks. He has previously held positions as technical account manager and IT technician at Gotanet, an internet and telecommunications provider.
CWind Awarded TP Gate Contract
Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany. CWind, which is part of the Global Marine Group and delivers the company’s power capabilities, will use its crew transfer vessels, assets and engineering expertise to help complete the project.
Coast Guard Announces Ports & Waterways Safety Assessment
The U.S. Coast Guard identified locations and dates for the Hudson River Ports and Waterways Safety Assessment (PAWSA) Workshops. Dates in November have been identified for two groups of waterway users and stakeholders to participate in two-day structured workshops to ensure the PAWSA process is a joint effort involving waterway users, stakeholders, and agencies to identify ways to improve the safety of the Hudson River.
US Waives Jones Act to Secure Fuel for Hurricane Responders
The U.S. government on Friday said it was temporarily waiving a law that limits the availability of cargoes on the U.S. coasts, a step that will ensure enough fuel reaches emergency responders during Hurricane Irma and in the wake of Hurricane Harvey. The Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. The Department of Homeland Security waived the requirement for one week.
Global Treaty to Halt Invasive Aquatic Species On
A key international measure for environmental protection that aims to stop the spread of potentially invasive aquatic species in ships’ ballast water enters into force today (8 September 2017). The International Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM Convention) requires ships to manage their ballast water to remove, render harmless, or avoid the uptake or discharge of aquatic organisms and pathogens within ballast water and sediments.
Diana Shipping TC Contract for m/v Ismene with DHL
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with DHL Project & Chartering Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter is expected to commence on September 16, 2017.
NAVFAC Southeast CERT Prepares for Hurricane Irma
Naval Facilities Engineering Command (NAVFAC) Southeast is forming Contingency Engineering Response Teams (CERTs) in preparation of any damage to Naval facilities in the path of Hurricane Irma. "Teams returned last week from Naval Air Station (NAS) Kingsville and NAS Corpus Christi after performing damage assessments after Hurricane Harvey made landfall in Texas," said Integrated Product Team Gulf Coast Assistant Operations Officer Cmdr. Anant Patel who is the CERT officer in charge.
MOL Launches 2017 Session of 'One MOL Global Management College'
Mitsui O.S.K. Lines (MOL) has announced that the in-house training program "One MOL Global Management College was launched on September 4. One MOL Global Management College started in 2014 with the aim to improve management skills in a cross-cultural environment and develop the next generation of executives who will be leaders in the MOL Group's global management. The 2017 session marks the fourth year MOL has offered the program.
VDL AEC Maritime to Reduce Ship Emissions
Following on from the electrification of heavy duty mobility in the form of cars, buses, automated guided vehicles and tractor units, VDL Groep intends to continue help reducing the emissions from means of transport. The family-owned international industrial business headquartered in Eindhoven will now be supplying systems for ships that comply with the latest international requirements on the emission of harmful substances.
Braemar Acquires NAVES
Braemar Shipping Services plc announced the conditional acquisition of the entire issued share capital of NAVES Corporate Finance GmbH. Braemar is a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries. NAVES is a corporate finance advisory business focused on the maritime industry to create a new division within Braemar to be known as the Financial Division.
Swiss Climate EcoCare to Provide IMO DCS Services for Liberian-flagged Ships
Swiss Climate EcoCare is the first native German Company to enter a strategic agreement with the Liberian Registry with regards to the emissions guidelines, referring to EU-MRV and IMO DCS. Swiss Climate is a longtime expert in emission related topics. For more than 10 years, Swiss Climate has provided consultancy services to companies and organisations in setting up holistic climate strategies and sustainability concepts.
Piraeus Port Pact for Cosco Dalian Floating Dock
The Piraeus Port Authority (PPA) SA has announced the completion of a tender and finalization of a contract with Cosco SH (Dalian) Shipyard for the purchase of a new floating repair dock, an initiative that the port's management has pursued over the past year. The 240-meter floating repair dock will also have a width of 45 meters, a draft of 18 meters and a 205,66t capacity. The dock will be transported…
Asian Piracy Up
The number of incidents of piracy and armed robbery against ships in Asia in August 2017 had increased slightly compared to the same period in 2016, said ReCAAP ISC. Four incidents were reported in August 2017 compared to three incidents reported in August 2016. However, the total number of incidents during January-August 2017 was the lowest among the 10-year reporting period of January-August 2008-2017.