Maersk Steers Annual Shipping Forecast Lower
Maersk restates annual guidance after energy deal; lowers forecast for its key container business. A.P. Moller-Maersk , the world's largest container shipping group, cut the profit forecast for its core business on Tuesday after a costly cyber attack and a weaker than expected third quarter. Maersk, which agreed to sell its oil and gas business to Total in a $7.5 billion deal this year, has to prove…
Shell Trading, Harvey Gulf ink LNG Transport Contract
Harvey Gulf International Marine’s CEO Shane Guidry announced today the formation of new marine transportation company, Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”), owned 70% by Shane Guidry and 30% by Harvey Gulf. Q-LNG will own and operate assets providing marine transportation of liquefied natural gas (“LNG”), a critical component of U.S. LNG infrastructure, commencing with a long-term…
Great Lakes Iron Ore Trade Surges in September
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.5 million tons in September, an increase of 23.4 percent compared to a year ago, the Lake Carriers' Association (LCA) said. Shipments also bettered the month’s 5-year average by 8.5 percent. According to the LCA, shipments from U.S. ports totaled 6.2 million tons in September, an increase of 25.8 percent compared to a year ago.
Ulstein Bags Polar Expedition Vessel Order
First polar newbuild ordered for the Lindblad Expeditions-National Geographic fleet. Expedition cruising and adventure travel company Lindblad Expeditions Holdings, Inc. has signed an agreement with Norwegian shipbuilder and ship designer Ulstein to build a new polar expedition ship for delivery in the first quarter of 2020, with an option for two additional ships to be delivered in subsequent years.
Wilhelmsen Leverages Data on DNV GL’s Veracity Platform
Wilhelmsen is exploring concrete ways of leveraging their data on DNV GL’s Veracity industry platform. In one of the first data sharing pilot projects on the new open platform, Wilhelmsen is testing a system to share ship compliance and condition data with port state authorities to reduce paper work and physical inspections when entering ports. “As ships and their systems become more sophisticated, we have more equipment with sensors onboard that are generating and sharing data.
FORAN Upgraded for Improved Shipbuilding Efficiency
The SENER engineering and technology group has upgraded its FORAN System with important new enhancements following its Shipyard 4.0 Digitalization Strategy, which have been incorporated into the System in the latest FORAN Build, launched to the market in October 2017. The industry is demanding more technological capacity and integration, and this new FORAN release incorporates relevant improvements in the different design packages.
Yacht Class Working Boats
Croatian tourism has grown by leaps and bounds in recent years. The great bulk of this is along the Adriatic coast where, as it has for centuries, life revolves around the sea. Tourists rent sail boats, take coastal cruises or travel to the many island that sit in the crystal Adriatic waters along the length of Croatia. A popular way of experiencing the coast and its islands, is to hire a speed boat and have a knowledgeable local skipper take you out for a day trip.
Babcock, BMT Strike Navy Deal
Babcock and BMT signed a cooperation agreement outlining a strategic relationship that will see the companies collaborate to support the design, build, construction…
Transas Announces Plans for 2018 Global Conference
Transas says its mission to explain the true benefits and impacts of digitalization to the maritime world will be given new impetus by staging its 2018 global conference to Vancouver, one of North America's top technology hubs. The three-day event, which will take place at the Marriott Parq Hotel Vancouver, March 6-8, has been christened 'THESIS18 – Enterprise Change' to focus minds on the steps Transas…
James Fisher Subsea Excavation Completes Project in Taiwan
Global subsea excavation specialist James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons plc, said it has completed its first project in Taiwan. Experts from the mass/controlled flow excavation (M/CFE) provider deployed the shallow draft Twin R2000 tool to de-bury and retrench a cable for maintenance as part of the prominent Formosa 1 wind farm development for its client, cable lay contractor Woen Jinn Harbor (WJH).
Voices: Paul Smulders, CEO, Radio Holland
As Radio Holland Group (Rotterdam) finishes its ‘100th anniversary’ celebration in the maritime shipping industry, we caught up with Paul Smulders, CEO, Radio Holland, to discuss a century of accomplishment and the path ahead. Paul Smulders, CEO of Radio Holland since 2016, offers has a wealth of maritime experience and an in-depth perspective on Radio Holland, as this is actually his second run with the company, the first stretching from 1989 to 2012.
World First: LNG to Fuel Largest Containerships
The move to LNG as fuel in the maritime sector picks up steam, as CMA CGM announced plans to outfit nine of its new 22,000 TEU containerships with LNG fueled engines. A trend that started in the United States is spreading to the world, as global containershipping giant CMA CGM announced its intention to outfit its series of new 22,000 TEU containerships with LNG-fueled engines. The move to ‘clean fuel’ in the maritime sector has been rapid…
Inspection Training for Cleaner Shipping
Inspection training for Port State Control Officers in South and Central America is underway at an International Maritime Organization (IMO) workshop in Buenos Aires, Argentina (6-8 November). There are participants from: Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama and Uruguay. Port State Control is the process, supported by IMO, by which officials in ports can board visiting foreign-flagged vessels to verify compliance with international safety and pollution standards.
Maersk Line Stays in Profit
In Q3, the revenue of A.P. Møller - Mærsk A/S’ continuing operations increased by 14% year on year driven by higher freight rates in Maersk Line. The underlying profit was USD 248m, with an improvement of USD 290m in Transport & Logistics and a decline of USD 15m in Energy. For A.P. Møller - Mærsk A/S, the third quarter of the year was a defining quarter of major change, where strong and viable solutions were found for Maersk Oil and Maersk Tankers. Furthermore, today A.P.
Revival of Training Capability
A 20-foot shipping container on the Mornington Peninsula, Victoria, helps the Australian Navy run one of the world’s few remaining shore-to-sea live firing training sites. Since 1959, West Head Gunnery Range which occupies an area of 16 hectares has provided the Royal Australian Navy with live gunnery training for close range and medium calibre shipborne weapon systems, navigation radar and miscellaneous communications and support equipment.
Sino-Danish Focus on Energy Efficient Ships
A delegation from the Chinese Ministry of Industry is visiting Denmark as part of the cooperation between the two Administrations. A Danish-Chinese workshop on energy efficient ship design and marine equipment will be held during the three-day visit. The workshop will be attended by the Danish Maritime Authority, the Chinese Ministry of Industry and other Chinese authorities, as well as shipowners, marine equipment manufacturers, the Technical University of Denmark (DTU) and Danish Maritime.
Samsung Heavy's Profit Down 82%
South Korean shipbuilder Samsung Heavy Industries (SHI) said that net profit for the third quarter of 2017 was down 81.8% year on year to KRW23.4 billion (USD20.44 million), mainly due to deliveries of low-priced vessels and a decrease in orders. According to Yonhap, the operating income in the July-September period reached 23.6 billion won, sharply down from an operating income of 84.1 billion won a year earlier.
Wärtsilä Launches Fuel-Saving Pre-Swirl Stator
EnergoFlow is a new energy saving solution that will return ship operators’ investment in less than two years, according to its developer Wärtsilä. By reducing the power losses which occur in the propeller’s slipstream with an optimised inflow, Wärtsilä’s solution improves fuel efficiency by up to 10 percent. The technology group Wärtsilä launches the newest solution in its propulsion efficiency portfolio during November.
Vantage Gets Extension of Contract for the Emerald Driller
Vantage Drilling International announced that it has been notified that its drilling services contract for the Emerald Driller will be extended for two years, beginning in May 2018. Ihab Toma, the Company’s Chief Executive Officer, commented, “We are very pleased that we will continue to work with one of our esteemed clients and keep our rigs working in this challenging environment. Vantage Drilling International…
Shell Charters LNG Bunker Barge in US
Shell Trading (US) Company announced it has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel. As the first of its kind to be based in the United States, the ocean-going LNG bunker barge will supply LNG to marine customers along the southern East Coast of the U.S. and support growing cruise line demand for LNG marine fuel.