Ernst Russ Acquires Ships Financed by ABN AMRO
The Ernst Russ Group has successfully completed another transaction and acquired two container ships with capacities of 2,450 TEU and 2,785 TEU and an average age of just under 12 years. Global Transportation & Logistics provided financing to Ernst Russ. Purchase price for the two container ships is undisclosed. The transaction was structured and carried out by Ernst Russ Maritime Management GmbH & Co. KG as the maritime asset manager of the Ernst Russ Group.
GlobalSim Providing Crane Simulators to Newport News Shipbuilding
GlobalSim has installed a Virtual Reality Crane Simulator Training System at Newport News Shipbuilding. The system provides a high-tech solution for training crane operators without risking personnel or equipment run by novice operators. The VR solution includes laptop computers, a headset and controls – all packaged in travel cases. This order is expected to be one of many simulators as Newport News Shipbuilding works to improve the effectiveness and safety of their crane operations.
Bahri Rolls Out BahriBunge Dry Bulk
Following the announcement of the joint venture agreement by Bahri, a global leader in transportation and logistics, and Koninklijke Bunge, a wholly-owned subsidiary of Bunge Limited, a global agribusiness and food company, the two companies recently inaugurated the offices of BahriBunge Dry Bulk Ltd. in Dubai, UAE. In celebration of the occasion and reveal of the new company’s logo, Mr. Abdulrahman M.
Norway: Fish Vessels Go Electric
The Norwegian aquaculture and fishing industry has joined the green shipping wave with a number of pioneering electric fleet initiatives. In 2015, the Norwegian maritime industry launched the DNV GL-led public private initiative, the Green Coastal Shipping Program. The idea was to encourage research and development of green technology concepts in the country’s shipping sector. Together with 25 partners from the Norwegian maritime industry and authorities…
APM Terminals Tacoma Ends Lease
APM Terminals Tacoma concluded its operations on September 30, 2017, ahead of the December 31, 2017 lease expiration date, transferring the lease to Seattle-based SSA Marine who formed a new joint venture with Matson Lines, called SSAT, starting operations October 2, 2017. APM Terminals Tacoma was used primarily by the Matson Alaska Service, with twice-weekly sailings between Tacoma, Anchorage and Kodiak…
Safe and sustainable Straits of Malacca and Singapore
A series of the meetings under the Cooperative Mechanism on Safety of Navigation and Environmental Protection in the Straits of Malacca and Singapore have been held in Kota Kinabalu, Malaysia this week (2-6 October 2017). Safety of navigation, including e-navigation, and marine environmental protection in one of the busiest waterways were on the agenda of the meetings, attended by representatives of the littoral States (Indonesia, Malaysia and Singapore), user States and other stakeholders.
UK Chamber Launches Shipping Primer
The UK Chamber of Shipping has launched ‘Understanding UK Shipping’, a new book that gives a comprehensive overview of the nation’s maritime industry to newcomers and anyone looking to increase their understanding of the sector. The book covers a range of topics from national and international legislation; crew employment rights, safety standards, and the carriage of goods and passengers by sea. The publication was written by the UK Chamber’s policy team…
USS John S. McCain Departs Changi Naval Base
The guided missile destroyer USS John S. McCain (DDG 56) departed Changi Naval Base Oct. 5, to meet heavy lift transport vessel MV Treasure. Over the next few days, John S. McCain will be towed to deep water, where the heavy lift vessel will lower itself, secure the ship on a platform and then raise back up out of the water. After the process of loading the ship is complete, Treasure will transport John S. McCain to Fleet Activities Yokosuka, where the forward deployed ship will be repaired.
Panama's World Maritime Day Parallel Event
The connections between ships, ports and people were once again the focus for an international audience, as Panama hosted the 2017 World Maritime Day Parallel Event. The event was formally opened by His Excellency Mr Juan Carlos Varela Rodriguez, President of the Republic of Panama. During the keynote address, which focused on the World Maritime Day theme "Connecting ships, ports and people", IMO Secretary…
Almost 15 pct of U.S. GoM Output Down Ahead of Storm
About 14.6 percent of U.S. Gulf of Mexico oil production is offline ahead of Tropical Storm Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Thursday. Nate is forecast to enter the Gulf and strengthen into a hurricane before making landfall early on Sunday in Louisiana, near several major refineries. Several producers have started evacuating staff from Gulf platforms ahead of the storm…
ZF Marine Opens New North America Commercial Craft Center of Competence
The new facility has dedicated transmission and thruster repair facilities, and larger warehouse and training areas. ZF Marine has a long standing presence in Louisiana, opening their first location in the city of St. Rose in 1996. The ever increasing customer base combined with the addition of the commercial thruster product line in 2009 resulted in the need to create a larger physical presence in the region.
U.S. GoM Energy Producers Evacuating Ahead of T/S Nate
Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities. Nate, which has already killed three people in Costa Rica, according to local authorities, is forecast to scrape past Honduras and Mexico, enter the Gulf and strengthen into a hurricane before making landfall early on Sunday in Louisiana, near several major refineries.
Diana Containerships to Sell Up to Seven Vessels
Diana Containerships Inc. (NASDAQ: DCIX), a shipping company specializing in the ownership of containerships, has announced that it has entered into an agreement…
Conrad Shipyard Awarded Contract by Power Engineering
Conrad Shipyard of Morgan City, Louisiana has been awarded a contract by Power Engineering Construction Company of Alameda, California to build several components for the Water Emergency Transportation Authority’s (WETA) San Francisco Ferry Expansion Project. Construction will be completed at Conrad’s Orange, Texas shipyard. Johnny Conrad, Chairman, President and CEO made the announcement: “This new…
Chevron Lubricant Receives Approval from WinGD
Chevron Marine Lubricants received a No Objection Letter (NOL) from Winterthur Gas & Diesel (WinGD) for the use of its Taro Special HT 100 cylinder lubrication oil…
TOTE Deploying State-of-the-Art Telematics in Alaska
TOTE Maritime Alaska has announced that the installation of ORBCOMM’s telematics devices across a broad equipment platform will be complete in the coming months. ORBCOMM was selected to provide a broad portfolio of telematics solutions to monitor and control its refrigerated, dry and flatbed equipment. TOTE Maritime Alaska is a leading Jones Act carrier serving the Alaska market, connecting greater Alaska to the Continental United States and beyond.
Deutz Buying Binge Continues
In the wake of its acquisition of the electric drive specialist Torqeedo GmbH, Deutz announced today that it will acquire IML Motori, an Italian sales and service partner based in Lomagna near Milan, a move which simultaneously strengthens its presence in Italy and gives the company market penetration in the service segment. The subsidiary IML Service and the Romanian sales and service company IML Motoare also form part of the acquisition.
McCain Pushes Jones Act Exemption for Puerto Rico Again
U.S. Senators John McCain (R-AZ) and Mike Lee (R-UT) this week introduced legislation that would permanently exempt Puerto Rico from the Merchant Marine Act of 1920, or the Jones Act, to aid recovery efforts in the wake of Hurricane Maria and encourage long-term economic growth. The Trump administration's 10-day Jones Act waiver for Puerto Rico, despite the presence of more than enough U.S. flag tonnage to handle any and all relief sealift needs…