OOIL Signs the United Nations Global Compact
Orient Overseas (International) Limited (OOIL), a company with principal business activities in container transport (OOCL) and logistics services (OOCL Logistics), is delighted to announce its joining of the United Nations Global Compact (UNGC). "As a signatory, we are honored to be the first Hong Kong-based enterprise in the international transportation and logistics industry to take part in this important initiative," said a statement from OOIL.
ABS Awards AIP for HHI FLNG Hull Design
ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. ABS and HHI collaborated with the objective of developing a technically feasible and class compliant FLNG hull design, using the latest industry trends while maintaining high safety standards. The ABS AIP demonstrates the design substantially complies with Class and Regulatory requirements and minimizes risk to project schedules and safe operations…
International Focus on Protectionism
The Consultative Shipping Group (CSG) is meeting in the United Kingdom during the London International Shipping Week (LISW) to discuss the challenges facing global shipping markets, said a press statement from Danish Maritime Authority (DMA). Director-General of DMA Andreas Nordseth, has chaired the CSG since 2009 while the DMA itself is secretariat for the group. The CSG members hail from 18 European…
BIMCO Guidance for Seafarers on Lifeboats
BIMCO has developed new guidance for seafarers on the safe launching and recovery of lifeboats using fall preventer devices (FPDs), to reduce the number of seafarer fatalities and injuries. Lifeboat accidents resulting in fatalities and serious injuries are all too frequent, despite efforts in recent years to reduce them. Most of the accidents happen in boats using conventional davits and on-load release systems.
EU NAVFOR Train AMISOM’s Marine Unit
The crew members from ESPS Rayo continued the regional cooperation EU NAVFOR has established with the AMISOM Marine unit off the coast of Mogadishu. This was the third time this year that EU NAVFOR has had the opportunity to exercise and train with AMISOM forces. This visit to Mogadishu followed on from ESPS Relampago in February and ESPS Galicia in May. The training included briefings and exercises on fire fighting, search and rescue, first aid and boarding procedures.
GSL Extends TC with CMA CGM
Global Ship Lease, Inc., a containership charter owner, has announced that it has signed time charter extensions with CMA CGM for two 2,207 TEU containerships, the 2002-built Julie Delmas and the 2003-built Delmas Keta. The vessels will be chartered for a period of 12 months (plus or minus 45 days at charterer’s option) at a fixed rate of $7,800 per vessel per day, commencing immediately upon expiration of the current time charters on September 11 and 20, 2017, respectively.
The Shipowners' Club Reports Steady Half Year Results
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported steady financial results for the six months ended 30 June 2017, despite challenging market conditions. The Club recorded a 99.3% combined ratio, consistent with previous years. The modest underwriting surplus achieved in the first six months of US$ 0.7m has been supplemented by a favourable return on the Club’s investment portfolio.
Great Workboats of 2017: Apply Now
Will your vessel be honored as a “Great Workboat of 2017” in the December 2017 edition of Marine News? Every year, Marine News profiles the most outstanding vessels built in shipyards in North America, recognizing builders, owners and designers as leaders in their field. This edition — the much anticipated end-of-the-year edition — generates much excitement, as your work is profiled and delivered to the largest audited b2b maritime industry audience in this genre.
USCG, EPA Cleaning up a Dozen Texas Chemical Spills after Harvey
The U.S. Coast Guard and the Environmental Protection Agency are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial…
Norco to Build Composite Workboats for UK Navy
Norco Holdings, the Poole-based manufacturer of lightweight composite structures and GRP moldings, has been selected by Atlas Elektronik UK (AEUK) to build the fleet of replacement workboats ordered recently by the UK MoD and due to be delivered over the next six years. The contract is for 30+ boats in total, ranging in size from 11 to 15 meters. As the primary composites supplier for the project, Norco will be producing the major components for the new vessels including hull…
Baltic Index Hits near 3-year High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near three-year high on Monday, supported by higher rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 23 points, or 1.73 percent, at 1,355 points - the highest since Nov. 2014. "The market has been solely driven forward by the capesize shipping segment this year.
Apply Now for "Great Ships of 2017" Award
The online application for "Great Ships of 2017" is now open. Will your ship be honored as a “Great Ship of 2017” in the December 2017 edition of Maritime Reporter & Engineering News? Every year, Maritime Reporter & Engineering News profiles the most outstanding ships built in shipyards around the world, recognizing shipbuilders, ship owners, ship designers and equipment manufacturers as leaders in their field.
“Blockchain” and the World of Marine Insurance
If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether. But the blockchain technology’s utility goes beyond cryptocurrencies, potentially offering creative ways to solve other real-world problems. Within blockchain ledgers…
Silversea Cruises Orders Newbuild from Fincantieri
Silversea Cruises has place an order worth about €310 million (US$371.4 million) with Fincantieri for the construction of a new ultra-luxury cruise ship. The new vessel…
DESMI Ocean Guard A/S Launches New BWMS
DESMI Ocean Guard A/S launched a new Ballast Water Management System – CompactClean. According to the manufacturer, the name reflects that this system sets a new standard for how small the footprint of a BWMS can get. “With the CompactClean system we have managed to develop a system that can treat ballast water everywhere in the world and meet both IMO (International Maritime Organisation) and U.S. Coast Guard standards," said Rasmus Folsø, CEO of DESMI Ocean Guard.
New Guidance: Reducing the Risk of Propulsion Loss
Bureau Veritas, TMC Marine and the London P&I Club have issued a new booklet providing operational guidance for preventing blackout and main engine failures. In a joint project, classification society Bureau Veritas and consultancy TMC Marine, a Bureau Veritas Group Company since 2016, have cooperated again with the London P&I Club to produce the second booklet in a series on loss prevention issues.
Wight Shipyard Boss Buys Stake in AMC
Wight Shipyard Co Ltd (WSC) boss Peter Morton has purchased a stake in Aluminium Marine Consultants (AMC) and takes his place on the board, securing the Isle of Wight boat build business well into the future. AMC Commercial Director, Rob Stewart, said, “We are looking forward to working together, having been neighbors for some time. With a healthy order book, the future for AMC, the Isle of Wight and U.K.
Concordia: Contract Signed for Tanker
Concordia Maritime signed a contract to charter out the P-MAX tanker Stena Provence. The contract is for one year, with an option for a further year, and runs from mid-September 2017.
Vard Wins Expedition Cruise Contract
Vard Holdings Limited said it won a contract for the design and construction of an expedition cruise vessel for Coral Expeditions of Australia. Newly developed by Vard Design in Norway in cooperation with the customer, the vessel is specially designed for small ship expedition cruises to remote and exotic destinations in the regions of Asia-Pacific. The vessel of VARD 6 01 design, measuring 93.5 x 17.2 meters, with room for 120 guests.
3D Printed Ship’s Propeller Prototype Produced
A prototype of the world’s first class approved ship’s propeller manufactured using 3D printing techniques has been produced by a cooperative consortium of companies that includes Damen Shipyards Group, Rotterdam Additive Manufacturing LAB (RAMLAB), Promarin, Autodesk and Bureau Veritas. The 1,350mm diameter propeller – named WAAMpeller – was fabricated from a Nickel Aluminium Bronze (NAB) alloy at RAMLAB in the Port of Rotterdam.