DP World to Develop Economic Zone in Egypt's Sokhna
Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed a partnership agreement to develop an integrated industrial and residential zone at Sokhna in Egypt, in the presence of Sherif Ismail, the Prime Minister of Egypt. The signing took place at a ceremony in Sharm el-Sheikh at the World Youth Forum.
DSME Posts Profit for Q3
South Korean yard giant Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier, Yonhap said. The troubled shipbuilder is significantly better off than last year after a rescue package from the South Korean government in the spring. DSME, which has battled a highly publicised liquidity crunch for the past two years…
China OKs Maersk Hamburg Süd Deal
The Ministry of Commerce (MOFCOM) in China approved Danish shipping giant Maersk Line’s proposed acquisition of Hamburg Süd, reported Reuters. Maersk Line, the world’s biggest container shipping company, will pay 3.7 billion euros ($4.3 billion) to buy German rival Hamburg Sud. However, China has put in place restrictions on Hamburg Süd and Maersk Line’s use of vessel-sharing agreements (VSA). The ministry…
Bahri Data, DNV GL Co-Develop Prototype
Innovative prototype provides data-driven insights to enable improved safety and quality decisions while enhancing operations for all maritime industry stakeholders. Bahri Data, one of the six business units within Bahri, a global leader in transportation and logistics, and DNV GL recently showcased their co-developed prototype, which helps make safety and quality decisions with deeper insights, and makes operations simpler for all stakeholders involved…
MOL Research on Marine Rotary Machineries
Mitsui O.S.K. Lines (MOL) announced plans to work with Asahi Kasei Engineering Corporation (AEC) on a project to verify predictive detection of abnormalities in marine rotary machineries using vibrating sensors. The research will focus on the use of vibrating sensors to monitor the condition of key auxiliaries, such as pumps or purifiers, on a car carrier and VLCC that are under construction, using analysis software.
ESPO Congrats Port Boulogne Calais for PERS Certification
The European Sea Ports Organisation (ESPO) congratulated the Port Boulogne Calais for achieving the Port Environmental Review System (PERS) certification, the only port sector specific environmental management standard provided by the EcoPorts Network. The PERS certificate was handed over to the port during the ESPO General Assembly by the ESPO Chairman, Eamonn O’Reilly, the ESPO Secretary General, Isabelle Ryckbost and the EcoPorts Coordinator, Sotiris Raptis.
Safe Bulkers to Install Erma First BWTS
Safe Bulkers, an international provider of marine drybulk transportation services, announced today that it has agreed with Erma First, a Greece based company, to install in all Company's vessels a Ballast Water Treatment System (BWTS). The Ballast Water Management (BWM) Convention was adopted by the International Maritime Organization (IMO) and entered into force on 8 September 2017. The United States…
AI to Estimate Vessel Speed and Fuel Consumption
Mitsui O.S.K. This project is a part of MOL's initiative to assess the effectiveness of AI technology, and aims to reduce fuel consumption and vessels' environmental impact by verifying the accuracy of the technology, using Fujitsu's AI Technology to estimate vessel performance at sea. MOL provided actual voyage data collected from MOL fleet in operation to Fujitsu Laboratories, which, along with Tokyo University of Marine Science and Technology…
Better Outlook for Chemical Tankers
Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018 is expected to support a recovery in the chemical shipping market, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Drewry estimates that tonne-mile demand of chemical commodities will grow at 3.8% on a year-on-year basis in 2017, of which the organic trade is likely to grow only at 1.5%.
U.S. Commerce Chief Ross Reportedly Divests Shipping Interests
According to a Reuters report, U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said earlier this week. Ross had originally intended to retain his shipping interests following his confirmation in February. But the 79-year…
SBM Offshore: The Cost of Corruption Rises
Marine engineering group SBM Offshore said a Brazilian investigation into its role in corruption cases had not been resolved and set aside an additional $238 million provision on Monday to cover costs from an unexpected U.S. inquiry. The Dutch company has also been forced to suspend its involvement in tenders with Brazilian oil company Petrobras , a major customer. Shares fell 10 percent to 13.96 euros at 0930 GMT…
Fire Shuts Shell Platform in GOM
Royal Dutch Shell Plc's Enchilada oil platform in the Gulf of Mexico has been shut and all associated production has been stopped after a fire on Wednesday, the U.S. Coast Guard (USCG) said.
Ecochlor BWTS Receives DNV GL Type Approval
Ecochlor and DNV GL have announced DNV GL Type Approval on behalf of Norway of the Ecochlor Ballast Water Treatment System (BWTS). In addition to serving as Ecochlor’s Independent Laboratory for US Coast Guard (USCG) Type Approval, DNV GL simultaneously evaluated and approved the Ecochlor System under DNV GL rules and the BWM Convention. With its USCG Type Approval certificate, Ecochlor stands alone as the first approved treatment system produced by a US manufacturer…
Royal Caribbean Takes the Lead on Fuel Cell Tech
As the maritime world rapidly evolves to incorporate increasingly clean and efficient power sources onboard ships at sea, the cruise industry is emerging as a clear leader in the sector, driven by the high-profile nature of its ships and the often pristine environments to which they traverse. With that, ABB announced that it will deliver the first fuel cell system to Royal Caribbean, a pilot program in which the RCL ship will be the world's first fuel cell system on a luxury cruise ship.
Carnival, Shell Strike Deal to Fuel LNG Cruise Ships
The move toward LNG as fuel in the maritime sector received another boost when Carnival Cruise Line announced this morning the signing of an agreement with Shell NA LNG, LLC (Shell) for it to supply marine LNG to power North America’s first fully LNG-powered cruise ships. Shell will supply Carnival Cruise Line with fuel for its two new LNG-powered ships expected to launch in 2020 and 2022 and to be homeported in North America. The two ships will be fueled through Shell’s LNG Bunker Barge (LBB).
ST Engineering Profits Up, Despite Maritime Drag
Singapore Technologies Engineering Ltd (ST Engineering) announced that it registered higher year-on-year profits for its third quarter ended 30 September 2017 (3Q2017).
Damen Inks Deal for Three Ferries
At the Europort 2017 exhibition in Rotterdam, Damen Shipyards Group and Belgian ferry operator Aqualiner signed a contract for the delivery of three more Damen Waterbus 2407 vessels, for operations on the Scheldt in Antwerp. At the signing were Gerbrand Schutten (CEO Aqualiner), Maurice Swets (CEO Aqualiner), Dimitri Romijn (CFO Aqualiner), Arnout Damen (CCO Damen) and Jelle Meindertsma (Sales Manager Damen).
CMA Ships Selects PAL E3 from MariApps
CMA Ships (part of the CMA CGM group) selected PAL e3, the flagship marine ERP software from MariApps Marine Solutions, Singapore. Ludovic Gerard, Executive Vice President, CMA Ships and Sankar Ragavan, CEO, MariApps Marine Solutions signed the agreement in Marseille, France to implement PAL e3 across CMA Ships’ offices and on more than 170 vessels. "CMA Ships is expecting a smooth and quicker implementation so that we can move to a single…
Contract Awarded for Hybrid Icebreaking Tug
Spain's Gondan was tapped to build a tug designed by Robert Allan Ltd for the Port of Luleå (Sweden). Gondan’s new contract with Port of Luleå (Sweden) specifies…
MUM's the Word: New UUV Takes Shape in Germany
The Large Modifiable Underwater Mothership (MUM) brings German engineering prowess and cooperation to the fore. As the world of autonomous vehicles flourishes on land and in the air, subsea applications have proven more challenging, despite great strides in recent years to deliver fully autonomous, efficient systems at sea. A team of engineers from Germany, engineers teamed from industry and academia…