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.
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.
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…
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.
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.
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…
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…
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…
Volvo Penta Stakes Position in Wind Farm Support Vessels
Volvo Penta has emerged as a leading supplier of propulsion systems for support boats in the booming offshore wind farm industry in Europe, and is poised to capture a significant position as new wind farms come into service in North America. “Wind farm support vessels operate under some of the world’s most difficult conditions,” said Jens Bering, vice president of marine sales for Volvo Penta of the Americas.
Foss Inks Deal to Build Damen Tugs
Foss Maritime and Netherlands-based Damen Shipyards have signed a Memorandum of Understanding to produce and market the Damen ASD 2813 tug. The tug design has been modified to meet the unique demands of the U.S. tug assist and escort market. The first four of a series of at least 10 tugs will be constructed at the Foss Rainier, Ore., Shipyard, with delivery planned for 2019. While Foss will construct the tugs to supplement and enhance their fleet…
MSC Grows Fincantieri Orderbook
Today at the Fincantieri shipyard in Monfalcone, Italy, MSC Cruises officially took delivery of its new flagship MSC Seaside, the second newly-built vessel to come into service for the cruise line in 2017. At the delivery ceremony, MSC Cruises and Fincantieri also signed firm orders for the construction of two Seaside EVO ships, a further evolution of the Seaside Class prototype, for a total investment of €1.8 billion.
OSI to Deliver IBNS for the US Navy LCS Program
OSI Maritime Systems said it has signed a contract with Lockheed Martin to provide its Integrated Bridge and Navigation System (IBNS) for the U.S. Navy Freedom-variant…
A New Breed of Tug
When markets expand niches are created, goes the logic. For builders of tugs, that market is “floating gas” and the expanding use of liquefied natural gas, or LNG, as a fuel. In support of LNG, there’ll be more oceangoing tug duty — the new floating storage and regasification units, or FSRUs, mean busier LNG carriers, and LNG cargo owners have an interest in tug escorts that share their “carbon footprint”.
Partners Launch Zero Emissions Ferry Project
By combining existing technologies in a new way, it is possible to build ferries that represent a quantum leap for the environment. That is the idea behind a new R&D project involving four major players in the maritime sector: Rolls-Royce, Color Line, Norled and the Norwegian Coastal Administration. The project has now received a NOK 5.9 million grant from the Research Council of Norway’s ENERGIX program.
Rising Seas Will Swallow 14,000 U.S. Historic Sites - study
Almost 14,000 archeological sites and national monuments in the United States could be lost by the year 2100 as seas rise due to climate change, scientists said on Wednesday. The findings offer a glimpse into the vast amount of global cultural heritage that could be destroyed, the study said. One in 10 archeological sites that it analysed on nine southeastern coastal states risk inundation. "The data are sobering: projected sea level rise ...
Kalmar Rolls Out New Range of Equipments
Kalmar, part of Cargotec, launches a new range of equipment designed to offer customers in the Asia-Pacific (APAC) region a value-based choice of the high quality, reliable equipment that Kalmar is known for. Based on Kalmar's proven G-generation platform, the Essential range includes reachstackers, empty container handlers and forklifts. In addition, Kalmar introduces a new TL2 terminal tractor for the APAC customers.
SBM Offshore to Pay $238 Mln in US Bribery Case
SBM Offshore NV, a Netherlands-based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of…
Inmarsat: The Future of IoT in Logistics
Unreliable communication networks may render logistics businesses unable to capture full value from the Internet of Things (IoT), says Inmarsat. Top three challenges to successful IoT deployments in transportation sector: IoT skills (54 per cent), integrating IoT with existing systems (43%) and connectivity (40%). The research by the global mobile satellite company for its ‘The Future of IoT in Enterprise…
Dual-Fuel Variant of MAN L23/30 Engine Awarded TAT
MAN Diesel & Turbo’s dual-fuel MAN L23/30DF engine successfully passed its Type Approval Test (TAT) at CSSC Marine Power (CMP) in Zhenjiang in front of the industry’s main classification societies. The five-cylinder test engine in China had an output of 125 kW per cylinder at a nominal speed of 720/750 rpm. Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo, expressed…
Maritime Pilots Recognized with IMO Bravery Accolade
Two maritime pilots who defied fire to bring a burning ship to safety, averting a major maritime catastrophe, received the 2017 IMO Award for Exceptional Bravery at Sea during the 2017 IMO awards ceremony, held on Monday (27 November). Pilots Captain Michael G. McGee and Captain Michael C. Phillips, from Houston, United States, were recognized for their role in averting a major tragedy in September 2016.