Genco Opens Singapore Office
Genco Shipping & Trading Limited said it has opened an office in Singapore and has appointed Ivo Kempenaer as Vice President and Commercial Director, Head of Major Bulks. “Genco continues to take important steps to optimize our commercial strategy and enable the company to more fully capitalize on its leading and sizeable operating platform. We are excited to establish a Singapore presence and grow our footprint globally…
Mackay Communication, Inmarsat Partner
Mackay Communications Inc., a worldwide marine electronics and airtime service provider, has announced it has signed a partner agreement with Inmarsat (LSE: ISAT.L) to distribute its award-winning Fleet Xpress service to the global maritime market including deep sea vessels, commercial fishing, oil and gas, defense, and cruise-passenger lines. Mackay will offer a complete end-to-end Fleet Xpress package…
Panama Canal Sets Record Annual Cargo Tonnage
Following the close of its 2017 fiscal year (FY17), the Panama Canal announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY17, the largest amount of annual tonnage ever transited in its 103-year history. The 22.2 percent increase from the previous year can be directly attributed to the added capacity provided by the Expanded Canal. According to figures…
Liberian Registry Offers Cyber/Ship Security Training
The Liberian Registry has launched a Cyber and Ship Security Computer-Based Training (CBT) program that provides an overview of cyber-security issues, including concepts such as malware…
Interferry Conference Reviews Issues with Financial Impact
The challenges and opportunities posed by alternative fuels, safety management and social media dominated Interferry’s 42nd annual conference in Split, Croatia,…
Semi-submersible Crane Vessel Hermod Retired
Heerema Marine Contractors said its semi-submersible crane vessel Hermod will retire at the end of this year after nearly 40 years of operational performance. Designed and constructed in the 1970s, Hermod and sister vessel Balder were the first semi-submersible crane vessels of their kind in the offshore construction industry. The semi-submersible concept was developed with the aim to extend the operability in the harsh North Sea environment and furthermore to deliver superior lifting capacity.
Newest Outpost for US Crude Exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015.
Search Suspended for Worker Missing in US Oil Platform Blast
The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday.
St. Lawrence Seaway Cargo Volumes Buoyant
As marine shipping continues to support the growth of the Canadian and U.S. economies, St. Lawrence Seaway cargo shipments to-date for 2917 are 14 percent ahead of 2016 volumes. Total cargo tonnage from March 20 to September 30 reached 24.3 million metric tons – 3 million metric tons more compared to the same period in 2016, according to The St. Lawrence Seaway Management Corporation. “Our results point to the strength of the Canadian and U.S. economies.
Solstad Farstad Sells 22-year-old PSV
Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA, said it has sold the 1995-built platform supply vessel (PSV) Far Service. The 4,683 DWT vessel was delivered to its new owner October 3, 2017. Solstad Farstad said the sale will result in an immaterial accounting effect for Q4 2017.
Radio Holland Names Lund Asia Regional Director
Radio Holland has appointed Steen Brodsgaard Lund as Regional Director Asia. He will be responsible for Radio Holland’s operations in Asia, with offices in China, Hong Kong, Singapore and Malaysia. Lund is a Danish national, and developed his career over the past 28 years while living in Pakistan, South Korea, India, Hong Kong, China and Singapore. He began his career in the maritime industry in 1987 as a Trainee at A.P.
Pair of Fire/Rescue Boats Now on Duty
Boat builder Lake Assault Boats has placed two fire and rescue boats into service with the San Bernardino County Fire Department in California. The versatile landing craft style vessels – one 28 feet long and the other 26 feet long – are equipped to handle a wide range of emergency response scenarios. “Having two of our boats on duty with the San Bernardino County Fire Department is an honor,” said Chad DuMars, Lake Assault Boats vice president of operations.
DNV GL, Taiwan Pact for Offshore Wind
DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to drive the expansion and facilitate the development of offshore wind in Taiwan. The regulations for certification will be headed by the Bureau of Standards, Metrology and Inspection since it has been designated by the highest authority in Taiwan.
Cautious Optimism on Multipurpose Shipping: Drewry
Recovering demand for multipurpose shipping combined with improved market conditions for competing sectors will result in rising market share for the multipurpose shipping fleet and a recovery in freight rates in 2018, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Although China’s plans to curb steel production in…
Hapag-Lloyd Completes Capital Increase
Hapag-Lloyd has successfully completed the capital increase with subscription rights agreed upon on 28 September 2017. By partially utilizing the authorized capital, the gross issue proceeds amount to approximately EUR 352 million (approx. USD 414 million). 96.5 percent of the existing shareholders exercised their subscription rights. A total of 11,717,353 new no-par value shares were placed at a subscription price of EUR 30.00 each.
First phase of DNV GL Led Offshore Cable and Pipeline Project completed
The first phase of the DNV GL’s Joint Industry Project (JIP) which focuses on the development of a new design and certification standard for equipment for pipeline and cable offshore operations has been completed. "The JIP, focussing on the development of a new design and certification standard for equipment for pipeline and cable offshore operations, aims to reduce uncertainty, cost, increase efficiency and safety throughout the lifecycle of the equipment," said a press release.
Global Piracy Declines in First Nine Months of 2017
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC) International Maritime Bureau's (IMB) latest quarterly report on maritime piracy. The flagship global report notes that, while piracy rates were down compared to the same period in 2016, there is continuing concern over attacks in the Gulf of Guinea and in South East Asia.
BBC Chartering, Jumbo Shipping Team Up in Global Project Alliance
Two market leaders in their respective fields, Jumbo and BBC Chartering have agreed to an exclusive strategic co-operation; the “GLOBAL PROJECT ALLIANCE”, effective immediately. This unique co-operation between two family-owned companies brings together established and reputed heavy-lift expertise and massive fleet capacity. The alliance is a mutually-shared aspiration to provide comprehensive solutions to customers on a global scale.
Transocean Wins BHP Work
Transocean announced that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in the second quarter of 2018. “We are extremely pleased to continue working with BHP,” said President and Chief Executive Officer Jeremy Thigpen.
Wood Wins LNG Platform FEED Contract
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. Wood recently completed the pre-FEED for this project.