Subsea 7 Acquires Normand Oceanic
Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party.
Port of Amsterdam Signs Pact with Port of Fujairah
Port of Amsterdam, STC-Group Holding and Iskes Towage & Salvage signed a Memorandum of Understanding (MoU) in Amsterdam with Port of Fujairah (PoF), one of the largest oil storage and bunkering hubs in the world. The agreement focuses on further strategic cooperation. Located on the east coast of the United Arab Emirates, the port of Fujairah has seen tremendous growth in the past decades, turning from a regional multi-purpose Port into an important part of the global oil supply chain.
Scorpio Bulkers Lines Up New Loan Facility
Scorpio Bulkers announced that the Company has received a commitment for a loan facility of up to $85.5 million from Nordea Bank AB (publ), New York Branch, and Skandinaviska Enskilda Banken AB. The loan facility will be used to finance up to 60% of the market value of the six Ultramax vessels the Company has recently agreed to acquire. The loan facility has a final maturity date of February 15, 2023 and bears interest at LIBOR plus a margin of 2.85% per annum.
Canadian Legislation Will Interfere with International Maritime Trade, Says ICS
The International Chamber of Shipping (ICS), representing the world’s national shipowners’ associations and 80% of the world merchant fleet, has voiced deep concern about a proposed legislation in Canada which it says will interfere with international maritime trade. The Canadian Parliament is giving consideration to legislation that would have the effect of establishing a moratorium on the shipment…
Rotterdam Boosts Container Throughput
The number of containers handled in the port of Rotterdam continues to grow. In the first nine months of 2017, the throughput of containers increased by 10.1 percent compared to the corresponding period in 2016, to a total of 10.2 million units (TEU). The port’s total throughput in that same period increased by 2 percent. In addition to containers, the key contributors to this overall growth were the agribulk and breakbulk segments.
MOL Tabletop Drill Focuses on Car Carrier Safety
Mitsui O.S.K Lines (MOL) has announced that it conducted a tabletop drill based on an incident involving a car carrier managed by an MOL Group ship management company. MOL holds these drills periodically to confirm its emergency response system in preparation for serious marine incidents. The drill was held on Tuesday, October 17, 2017, with the goal of raising company-wide safety awareness through the simulated experience of a serious marine incident.
AHTS Fleet Secures Long-Term Investment
Hartmann Group, the independent family-owned shipping company, announces the recapitalisation of an 11-strong fleet of Anchor Handling Tug Supply (AHTS) vessels through a partnership with, and long-term investment from, Breakwater Capital and Hayfin Capital Management. Agreed with the financing banks on October 12 2017, the deal provides the fleet with immediate stability and the potential for growth.
Dordrecht Inland Seaport to Get LNG Bunker Station
The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG and other cleaner fuels. The anticipated location of the bunkering station is Krabbegors/Duivelseiland at Dordrecht Inland Seaport. The Port of Rotterdam Authority and PitPoint.LNG have therefore signed a declaration of intent regarding a joint investigation into the construction of such a multi-fuel bunkering station.
Ocean Rig Withdraws Winding Up Petition
Ocean Rig UDW Inc., an international contractor of offshore deepwater drilling services, has announced that pursuant to an order of the Grand Court of the Cayman Islands Simon Appell of AlixPartners Services UK LLP and Eleanor Fisher of Kalo (Cayman) (formerly AlixPartners) have been discharged as joint provisional liquidators of the Company and its subsidiaries. The subsidiariesare Drill Rigs Holdings Inc. (DRH), Drillships Financing Holding Inc.
John Deere Rolls Out Trio of Marine Engines
John Deere Power Systems has expanded its lineup with three new marine engines available for order from early 2018. The new 4.5L PowerTech 4045SFM85 offers high power to weight ratio for repowering and new vessel construction, and is ideal for planing and semi-displacement hulls, the manufacturer said. It has two ratings for light-duty commercial vessels, high-speed governmental applications and high-speed pleasure craft…
US Shipbuilding: The Road Ahead
Matt Paxton, president of the Shipbuilder’s Council of America, shares with Maritime Reporter & Engineering News his insights on the opportunities and challenges ahead. The United States shipbuilding market is diverse and geographically widespread, tasked to build everything from the most sophisticated military warships on the planet to small ferries, and everything in between. As president of SCA since 2007…
Op/Ed: Act Now to Avoid BWMS Compliance Risks
Lately, I have been reading reports regarding the United States Coast Guard’s (USCG) escalating enforcement of ballast water discharge violations. In the first case, the USCG initiated a civil penalty proceeding against a bulk carrier for discharging ballast water in Washington State without using a USCG Type Approved Ballast Water Management System (BWMS) or other approved means. The USCG proposed the maximum penalty of $38,175.
Marine News Boat of the Month: October 2017
RIBCRAFT recently introduced the all new 41’ RIBCRAFT 12.5 with the recent delivery of a specialized USCG Sub Chapter T Certified tour boat to a customer in New England. At 41’, the RIBCRAFT 12.5 is the newest and largest model in the RIBCRAFT model line. The ultimate offshore platform for tour operators, security and patrol operations, military applications, and discerning recreational boaters, the…
Italy Breaks up Libyan Fuel Smuggling Ring
Sicilian police on Wednesday sought the arrest of nine people, including a suspected mobster, for running a Libyan fuel-smuggling ring in which at least 30 million…
Alfa Laval’s PureSOx Tallies 100+ Installs
To date, a total of 109 vessels have been installed with Alfa Laval PureSOx platform for compliance with IMO SOx emissions regulations. With more than 75 PureSOx systems in operation today, Alfa Laval claims to have the marine industry’s most extensive list of reference installations for any single SOx scrubber technology. This represents every PureSOx commissioned since the first installation, including those on board a number of ships in the fleet of Danish company DFDS.
UK Partners Join Forces in Bid to Build Naval Frigates
A new partnership between Cammell Laird and BAE Systems aims to position the companies to build five Type 31e Frigates for the U.K. Royal Navy. The Teaming Agreement has been formed in response to the U.K. Ministry of Defense Request for Information and will now be part of a competitive tender process. Under the agreement, Cammell Laird will act as Prime Contractor to build the Type 31e Frigates with BAE Systems providing warship design, engineering capability and combat systems expertise.
Bahri Reinforces Americas Commitment
Reinforcing its three-decade-long presence in North America, transportation and logistics firm Bahri took part in Breakbulk Americas, being held from October 17-19, in Houston. The Bahri booth at Breakbulk Americas was opened by Mr. Sultan bin Abdullah Al-Angari, Consul General of Saudi Arabia in Houston, during a ribbon-cutting ceremony on the first day of the annual event in the presence of Amal Al-Ruwaii…
Scrubbers Installed on Two NCL Vessels
Exhaust gas cleaning systems, also known as scrubbers, have been installed on two Norwegian Cruise Line (NCL) ships in order to reduce air emissions. NCL says it was the first cruise line to commit to retrofitting six vessels with scrubbers and has now exceeded that commitment with a total of eight ships, including the latest two, Norwegian Sun and Norwegian Jade. The ships’ new lightweight in-line…
Pirate Attacks Still a Major Concern -Sailors’ Society
Global piracy continues to be a concern in the Gulf of Guinea, Southeast Asia and Venezuela, according to statistics released yesterday by the International Chamber of Commerce’s International Maritime Bureau (IMB). In the first nine months of 2017, 121 incidents of piracy and armed robbery against ships were reported, including 92 vessels boarded with five hijackings, 11 attempted attacks and 13 vessels fired upon.
SCHOTTEL's New ProAnode Goes to Market
The first SCHOTTEL Rudderpropeller with the newly developed and patented ProAnode has left the German factory in Doerth. According to the manufacturer, ProAnode’s new form and position sets higher standards in corrosion protection, thereby extending the lifecycle of the thruster. Furthermore, moving the position of the anode from the outside surface into the cross-section of the nozzle tail leads to subsequent operational benefits, such as reduced flow interference, resulting in fuel savings.