Havila Shipping Sells AHTS Duo
Norway-based Havila Shipping ASA has entered into agreements for sale of the AHTS vessels Posh Vibrant and Posh Virtue. The vessels are expected delivered to new owner during first part of November. Following the sale it is expected that the lenders and Havila Holding AS will exercise warrants through debt conversions into new shares corresponding to agreements decided by the General Meeting on 4th January 2017.
Hess Corp Sells Offshore Equatorial Guinea Assets
Hess Corporation has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “This sale is a further step in our strategy to focus our portfolio by investing in higher return assets and divesting more mature, higher cost assets,” CEO John Hess said. “Proceeds from asset sales…
Abandon Requirement of Shipping in EU's Emissions Trading System
The European Parliament and the EU Member States still have not reached an agreement regarding the EU's Emissions Trading System, EU ETS. European shipping is therefore still at risk of being subject to unilateral EU regulation rather than supporting the global process. It should stop now, says Member of Parliament Bendt Bendtsen (The Danish Conservative Party), who calls on the European Parliament…
DP World Reports 13.5% Container Volume Hike in Q3
DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017, with gross container volumes growing by 10.0% year-on-year on a reported basis and 9.6% on a like-for-like basis. The third quarter growth rates accelerating to 13.5% year-on-year on a reported basis and 13.3% on a like-for-like basis, ahead of…
Theodore Roosevelt Carrier Strike Group Enters 7th Fleet
The Nimitz-class aircraft carrier USS Theodore Roosevelt (CVN 71) and the Theodore Roosevelt Carrier Strike Group (TRCSG) entered the U.S. 7th Fleet area of operations (AOO) Oct. 23, to conduct maritime security operations, theater security cooperation and port visits as part of the U.S. Navy's ongoing presence in the Indo-Asia-Pacific region. Theodore Roosevelt, the flagship of Carrier Strike Group (CSG) 9…
Navibulgar Orders Up to Six Bulkers
Bulgarian ship owner Navigation Maritime Bulgare (Navibulgar) confirmed the building of another two high-efficiency up-to-date 45000t bulk carriers. This deal is a continuation of the contract for four + two newbuildings of DWT 45 000 t, signed in July this year with one of China’s three largest shipyards. According to local press reports the Chinese yard is Jiangsu Yangzijiang Shipbuilding. The order…
Pirates Kidnap Crew from Containership in Nigerian Waters
Six crew from a German container vessel have been kidnapped in Nigerian waters, a shipping company said on Tuesday. Four of those taken are Filipino, and one is a Ukrainian national, according to the Philippines department of labor and Ukrainian foreign ministry. Kidnapping for ransom is a common problem in parts of Nigeria. A number of foreigners have, in the last few years, been kidnapped in the Niger Delta, source of most of the crude oil which is Nigeria’s economic mainstay.
Fiat Chrysler Sues Shippers over Alleged Price Fixing
The automaker wants the Federal Maritime Commission to order payments from Wallenius Wilhelmsen Logistics AS and its sister company EUKOR Car Carriers Inc, Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines Ltd, Compania Sud Americana de Vapores, Hoegh Autoliners AS and affiliated companies. Fiat Chrysler filed its complaint on Oct. 17. All but one of the shippers sued by Fiat Chrysler pleaded guilty and admitted to price fixing as part of a Justice Department investigation.
Vopak Launches Concurrent Bunkering Services in Singapore
Vopak, the world's largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel…
Empire State VI Returns from Puerto Rico
SUNY Maritime College’s training ship has returned to campus Tuesday after nearly two months aiding hurricane relief workers in Florida and Puerto Rico. The ship Empire State VI was used to provide power, housing, food and water to emergency relief workers, first in Florida following Hurricane Irma, then in Puerto Rico after Hurricane Maria. Empire State VI is owned by the Maritime Administration, a branch of the U.S.
Bulk Carrier Crew Rescues Three off Costa Rica
The crew of bulk carrier Navios Sagittarius came to the rescue of three people in the water approximately 33 miles off the coast of Costa Rica on Tuesday, October 17, 2017.
Earliest Known Marine Navigation Tool Found
State-of-the-art laser scanning technology has helped researchers to confirm that an artifact recovered from the wreck of a sunken 15th century ship in the Indian Ocean is the earliest known marine navigation tool. When the Blue Water Recovery team found the object in 2014, they believed it was an astrolabe used by mariners to measure the altitude of the sun during voyages, but they were not certain as there were no visible navigational markings.
New Ferry Marks a Milestone for Incat Crowther
The latest passenger ferry constructed by Gladding-Hearn Shipbuilding for Massachusetts Bay Transit Authority signals a milestone delivery for marine design firm Incat Crowther. The 27-meter catamaran Champion marks the 500th vessel designed by Incat Crowther. “To have successfully designed 500 large commercial vessels is no accident,” said Incat Crowther CEO, Brett Crowther. Crowther added, “It’s apt that our 500th vessel is a Gladding-Hearn build.
Indian Naval Ship Sukanya at Indonesia
In pursuance with India’s ‘Act East Policy’, Indian Naval Ship Sukanya under the command of Commander SA Deodhar, NM arrived at Belawan Indonesia on 24 October 2017 to participate in the 30th edition of CORPAT (Coordinated Patrol) and 3rd Bilateral exercise between the Indian Navy and the Indonesian Navy. The exercise is aimed to foster closer maritime ties with countries located on the rim of the Indian Ocean.
SeaCURE Gains Korean Exposure
Evoqua Water Technologies’ partnership with Krosys was strengthened with the unveiling of a SeaCURE Ballast Water Treatment System during the Kormarine 2017 exhibition in Busan, South Korea. The electrochlorination unit (ECU) skid showcases the Korean engineering company’s competence in building, installing and commissioning Evoqua’s high-end ballast water treatment technology in the Korean newbuild and retrofit markets.
Hatteland Display Relocates Norwegian HQ
Hatteland Display is moving its headquarters 30 miles west to a new purpose-built building with extended research and development (R&D) and testing facilities. The company has begun to relocate from its original location in Åmsosen to its new HQ in Aksdal on the west coast of Norway, in a move that aims to support Hatteland Display’s technology growth strategy and to ensure better links and shipping access.
SENER to Present Two Papers in Houston
SENER engineering and technology group will participate in the 2017 edition of the SNAME Maritime Convention, the international congress organized by the Society of Naval Architects & Marine Engineers (SNAME) in the U.S. From October 24 until 27, the event will gather relevant stakeholders from the shipbuilding industry in Houston. SENER will participate with two papers, one about the Electrical Design within the FORAN System…
Ship of the Month: October 2017
More than three years after completing the first outline sketches, Spanish naval design and architecture firm Oliver Design has completed outfitting the interiors for the Bima Suci, the Indonesian navy’s new sail training ship. This spectacular vessels is one of the largest tall ships in the world and measures 364 x 44 ft. with a 14.8 ft. draft. Built at Freire Shipyards in Vigo, Spain, the new training ship sports 36,200 sq. ft.
Data Analytics in the Maritime Space
Ship owners and operators, machinery OEMs and regulatory entities are embracing much needed technological innovation as demand grows in protecting machinery and communications on maritime assets. Cognitive analytics is a game-changing technology that is now more widely available to the maritime sector. This is the latest evolution of data analytics: from the “days of yore” of logging data in a logbook…
LNG: Maritime's 'Fuel of the Future'
As the maritime world increasingly mulls alternative fuel and propulsion solutions, Maritime Reporter & Engineering News discusses the path ahead for (liquefied natural gas (LNG) with Timo Koponen, VP, Flow & Gas Solutions, Gas and LNG, Wärtsilä. The road toward acceptance of LNG as marine fuel has neither been short nor straight, but anyone who knows this market could not reasonably expect anything different.