Brookfield Completes Acquisition of Teekay
Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Business, together with its institutional partners (collectively Brookfield). “With this comprehensive transaction now completed, Teekay looks forward to working with Brookfield as co-sponsors of Teekay Offshore to support the Partnership’s continued growth,” commented Kenneth Hvid, Teekay’s President and CEO.
Logimatic, Eiger Marine Join for Fleet Management Solution
Logimatic has formed an alliance with Eiger Marine to market the most comprehensive and operational Fleet Management System to the shipping industry, in Greece and Cyprus. The partnership will offer customers in the maritime sector a complete software solution for Fleet Management: SERTICA. SERTICA provides integrated Maintenance, Procurement, and HSQE for easy and flexible vessel management. Eiger Marine is a process improvement solutions provider.
GOGL Sells 6 Vessels
Golden Ocean Group has announced that it has entered into agreements to sell six Ultramax vessels built at Chengxi between 2015 and 2017 en bloc for USD 142.5 million to an unrelated third party. The net cash proceeds from the sale after the repayment of $39.2 million of associated debt will be slightly in excess of $100 million. All vessels are expected to be delivered to their new owner during the fourth quarter of 2017.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo. The LNG bunker transfer, which was carried out in batches from 22 July to 23 September 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56)…
Hapag-Lloyd Recycles Three Containerships
Liner shipping company Hapag-Lloyd has sold three of its older containerships for green recycling in China and Turkey. The three vessels, Deira, the Najran and the Sakaka, have been part of the Hapag-Lloyd fleet since its merger with UASC at the end of May, and will now be transferred to shipyards in China and Turkey that are specially equipped and certified for safe and environmentally sound recycling.
China Workshop Discusses Oil Pollution Response
Current research and technical developments in oil spill preparedness and response were in the spotlight at a major seminar in Tianjin, China (20-21 September). The International Oil Spill Response Technical Seminar brought together over 150 representatives of national government, oil industry and oil spill response companies. International Maritime Organization (IMO)’s Colleen O’Haghan presented on the Organization’s International Convention on Oil Pollution Preparedness…
International Efforts to Reduce GHG Emissions
Close to 240 maritime leaders and professionals will gather in Singapore to identify priority areas for international action and exchange best practices in maritime technology transfer and capacity building at the Future-Ready Shipping 2017 Conference. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the International Maritime Organization (IMO), the conference will take place from 25th to 26th September 2017 at the Grand Copthorne Waterfront Hotel.
Implementation of Standards On Board Ships Matters
Once technical standards have been developed by IMO and adopted into national laws, the next step is implementation on board ships. This is the role of both flag States, who issue surveys and certificates, as well as port States, who can inspect all ships in their ports. The Sub-Committee on Implementation of IMO Instruments, meeting this week for its fourth session (III 4, 25-29 September) provides a forum where all matters relating to implementation are discussed.
Shipping Confidence Continues to Climb -Report
A recent survey found that shipping confidence reached its highest rating in the past three years in the three months to end-August 2017. According to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens, the average confidence level expressed by respondents to the survey was up slightly from the 6.1 out of 10 recorded in the previous survey in May 2017 to a three-year high of 6.2.
Rolls-Royce Acquires Electrically-assisted Charging Technology
Rolls-Royce said it has acquired from G+L innotec the exclusive rights of use for a new technology for the electrically-assisted charging of off-highway combustion…
Scorpio Buys Six Dry Bulk Ultramaxs
Scorpio Bulkers Inc. said it has reached a deal with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million. Of the six purchased…
Fincantieri to Build a Cruise Ship for Cunard
Fincantieri and Carnival Corporation & plc announced today the signing of a memorandum of agreement (MoA) for the construction of one next-generation cruise ship for luxury brand Cunard. The agreement will become operational when all the financial and technical conditions will be satisfied, the shipbuilder said. The ship will be built at the Monfalcone yard and join the Cunard’s fleet in 2022. The 113…
Great Lakes/Seaway Iron Ore Trade Rises in August
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.7 million tons in August, an increase of 10.1 percent compared to a year ago, according to latest figures from the Lake Carriers’ Association (LCA). Shipments also bettered the month’s five-year average by 6.2 percent. LCA said shipments from U.S. Great Lakes ports totaled 6.3 million tons in August, an increase of 18 percent compared to a year ago.
ClassNK Lays Out R&D Roadmap
Classification society ClassNK has mapped out the details of its vision and goals for research and development projects over the next five years. ClassNK’s R&D Roadmap…
Bureau Veritas Joins Global Industry Alliance
At a ceremony in Singapore Bureau Veritas formally joined the Global Industry Alliance (GIA). The GIA was officially inaugurated on June 29 by IMO Secretary General, Mr Kitack Lim.
Man Medevaced from Chinese Research Vessel near Alaska
A man with a broken arm was medevaced from the Chinese research vessel Xue Long, 15 nautical miles from Nome, Alaska, Saturday morning. A smallboat crew from the U.S. Coast Guard Cutter Alex Haley embarked the man and transferred him to the Alex Haley for further transfer to Nome. Coast Guard District 17 command center watchstanders received a relay notification from a Coast Guard liaison to China…
Fincantieri Delivers Fourth of Eight Viking Newbuilds
The fourth of eight cruise ships Viking Ocean Cruises has ordered from Fincantieri has been delivered at the shipyard in Ancona. Viking Sun, as its sister ships…
Cosmo Oil to Boost Diesel Output to meet 2020 Ship Demand
Cosmo says considering adding units to process more heavy crude; looking to maximize diesel output at Sakai coker. Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to switch to cleaner fuels kicks in from 2020, its top executives said. The company, wholly owned by Cosmo Energy Holdings…
U.S. Oil Exports set to Take Off by 2022
Enterprise sees four-fold jump in U.S. crude exports by 2022. Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. U.S. oil exports may rise to about 4 million barrels per day (bpd) by 2022, a four-fold jump from this year, said Brent Secrest, a senior vice president at Enterprise Products.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer…