Noble Group Sells Four Vessels to Cut Debt
Hong Kong-based struggling commodity trader Noble Group will sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running, reports Reuters. According to company statement, net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million. Noble said the sale of the vessels was…
Hamburg Begins Slot-Booking System for Container Truckers
Today, 29 November in all four Hamburg container terminals a time slot-booking system for handling container deliveries and collections by truck will be introduced. Hamburg is the first port in Germany to implement such a system to optimize truck handling. Up to now, ports in the USA especially, and also a few terminals in Europe, Far East and Australia, offer a slot-booking system. With the introduction of this system in Hamburg…
d’Amico Sells Medium-Range Tanker
d’Amico International Shipping (DIS) announces that its operating subsidiary d’Amico Tankers signed a memorandum of agreement for the sale of MT High Presence, a 48,700 dwt medium-range product tanker vessel, built in 2005 by Imabari Shipbuilding (Japan) for a consideration of US$ 14.14 million. This transaction will generate at delivery of the Vessel a positive cash effect, net of the reimbursement of the Vessel’s existing bank loan…
Mitsui O.S.K. Lines, Marubeni, NOVATEK Sign MoU for LNG Transshipment
Mitsui O.S.K. Lines (MOL) and Marubeni Corporation signed a Memorandum of Understanding (MOU) in Moscow with PAO NOVATEK, Russia's largest independent gas production and sales company, to conduct a joint feasibility study aimed at establishing an LNG transshipment and marketing complex in the Kamchatka area. This Project will create offshore infrastructure to transship LNG cargoes from ice-breaking LNG ships to standard LNG ships.
ABB Turbocharging Tops Industry Efficiency Benchmark
ABB Turbocharging has raised the industry benchmark for low-speed turbocharging efficiency to achieve an additional turbocharger efficiency increase of 2 percent by performing the measurement on an actual engine on an engine testbed. As a performance yardstick for low-speed turbochargers, the industry applies the turbocharger effi-ciency benchmark given by MAN Diesel & Turbo, a leading global low-speed engine designer.
Mærsk Strengthens Executive Board
In line with the strategic direction announced in September 2016 A.P. Møller - Mærsk A/S has made significant progress in focusing the future business on container shipping, ports and logistics. To further accelerate the development of customer oriented end-to-end transportation and logistics solutions the Board of A.P. Møller - Mærsk A/S today announces that it is strengthening the management of the company by appointing the Chief Operating Officer…
International Maritime Prize for 2016 Presented to Koji Sekimizu
The prestigious International Maritime Prize for 2016 has been presented to Mr. Koji Sekimizu, former Secretary General of the International Maritime Organization (IMO), for his contribution to the work of IMO over many years. IMO Secretary-General Kitack Lim presented the prize on Monday (27 November) at the IMO awards ceremony. “Mr. Sekimizu has dedicated his career and his lifetime to promoting safety of life at sea and protecting the marine and atmospheric environment.
Thoresen Sells Bulk Carrier
Thoresen Thai Agencies sells M.V. Thor Horizon, a general cargo vessel with a rated capacity of 47 111 DWT and built in 2002 for just over US$5.38 million. "The Vessel was sold to a company which is not a connected person of the Company by Thoresen Shipping Singapore Pte. Ltd., a wholly owned subsidiary of the Company," said a press release. After the sale of M.V. Thor Horizon, the Thoresen fleet will consist of 21 vessels with an average size of 53,491 DWT and an average age of 12.0 years.
Teekay Orders Additional Shuttle Tanker Duo
Teekay Offshore Partners L.P. has declared options with Samsung Heavy Industries Co., Ltd. for the construction of two Suezmax DP2 shuttle tanker newbuilds for…
USS John S. McCain Heads to Yokosuka for Repair
U.S. warship USS John S. McCain, which was involved in a collision with the merchant vessel east of the Straits of Malacca and Singapore in August, has departed Subic Bay, Philippines aboard heavy lift transport vessel MV Treasure en route to Fleet Activities Yokosuka for reapir. The Arleigh Burke-class guided missile destroyer USS John S. McCain (DDG 56) was diverted to Subic Bay October 22, due to…
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers.
GoM Stakeholders Energized Despite Lingering Oil Bust
Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter.
Voices: Paulo Cesar P. Freitas, Norsul
To better understand the challenges faced by ship operators in Brazil, Maritime Reporter’s correspondent in Brazil spoke to Paulo Cesar P. Freitas, Fleet Manager for Norsul Shipping company, one of the major shipping operators in Brazil. Established in 1963 and operating continuously ever since, “Companhia de Navegação Norsul”, as it is called in Portuguese, is one of the leading private maritime commerce companies in Brazil.
Novatek, Marubeni, Mitsui agree on LNG hub in Kamchatka
Russia's Novatek said on Tuesday it had signed a memorandum of understanding with Japan's Marubeni and Mitsui O.S.K. Lines to explore options for a liquefied natural…
Statoil to Drill 5-6 Wells in Arctic Barents Sea in 2018
Norway's Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company's head of exploration told Reuters on Tuesday. Statoil plans to drill between 25 and 30 wells in Norwegian waters in 2018, of which five or six are expected in the Barents and the rest will be split between the North Sea and the Norwegian Sea, which are both located further south.
Speedcast Announces Executive Management Changes
Speedcast International Limited has announced two changes to its executive management team: Keith Johnson will become chief operating officer, and Erwan Emilian…
Leadership and Subchapter M
Earlier this year I was part of a safety meeting with several marine towing companies and the topic turned to leadership on our towing vessels. Companies are coming to the realization that many of their captains are not masters of the vessels. For years, the industry has taken control of the vessels from the captains and kept it in the office. I used to hear this lament from captains that I worked with in the nineties…
North Carolina Orders a New Ferry
The North Carolina Department of Transportation Ferry Division has ordered a new river class vehicle ferry to be built at Bollinger Shipyards of Lockport, La. for delivery by March 1, 2019. Designed by Elliott Bay Design Group, the 183-foot ferry with room for 38 regular-sized vehicles will replace M/V Thomas A. Baum, a 22-year-old Hatteras-class ferry that carries 26 vehicles. The vessel will be the…
Wärtsilä to Equip US LNG Fueling Barge
Wärtsilä said it will provide a broad scope of products and solutions for a new articulated tug barge (ATB) that will be used to supply liquefied natural gas (LNG) fuel to cruise ships along the east coast of Florida, U.S. The 4,000 m3 capacity ATB is being built at the VT Halter Marine (VTHM) shipyard in Pascagoula, Miss. on behalf of Quality Liquefied Natural Gas Transport LLC (Q-LNG). When delivered, the vessel will be on a long-term charter with Shell Oil Co.
MacGregor Davits for Esvagt SOV
MacGregor, part of Cargotec, said it has won new davit orders from Spanish shipyard Astilleros Zamakona. They are destined for a service operation vessel (SOV) owned by the Danish company Esvagt AS. The contract includes an order for one of MacGregor's largest davit systems, specially-designed to ensure safe transfers in rough weather. Equipment deliveries are scheduled for November 2018 and the order was booked in Cargotec's fourth quarter 2017 order intake.