BMT Bags Contracts from Samsung Heavy Industries
BMT Group’s fleet and vessel performance management company BMT SMART said it has secured a contract with shipbuilder Samsung Heavy Industries (SHI) to supply vessel performance monitoring systems for four very large crude carriers (VLCC) being built for a Greek ship owner. This latest contract comes on the back of current orders already received from SHI for seven vessels (Suezmax and Aframax tankers) for Norwegian and Singapore owners, BMT said.
Type Approval for Uprated MAN L51/60DF
MAN Diesel & Turbo said its dual-fuel MAN L51/60DF engine has passed its Type Approval Test (TAT), which ran from October 17 to 20 at the company’s Augsburg works in Germany, in front of the industry’s main classification societies. The nine-cylinder test engine has an output of 1,150 kW/cylinder at a nominal speed of 500/514 rpm. The MAN L51/60DF engine can be employed both as marine main-engine and auxiliary engine. Augsburg’s testbed no.
Saudis Raise December Crude Prices for Asia Exports
Saudi Aramco has raised the December official selling price (OSP) for its Arab Light grade for Asian customers by 65 cents a barrel versus the previous month to a premium of $1.25 a barrel to the average of the Oman and Dubai benchmarks, it said on Thursday. That raises the December Arab Light OSP to the highest premium since September 2014, Reuters data showed. The price for Arab Super Light was raised by 45 cents a barrel and the OSPs for Arab Extra Light and Arab Medium rose by 65 cents…
Coin Ceremony Held for Costa Venezia
Carnival Corporation’s Italian brand Costa Cruises held a coin ceremony for its newest ship, Costa Venezia, which is being built to service the Chinese market from 2019. The new 135,500-ton cruise liner is being built by Italy-based shipbuilder Fincantieri, and is the first Vista-class ship specifically designed and built for China. Michael Thamm, CEO of Costa Group and Carnival Asia, said, “The Costa…
Glory Amsterdam Refloated from German Sandbar
A rescue team freed the grounded freighter "Glory Amsterdam" from a sandbar near the North Sea island of Langeoog and ruled out an oil leak, German authorities said on Thursday.
Amsterdam Port Committed to Reducing Shipping Emissions
Port of Amsterdam aims to reduce shipping emissions and minimise the environmental impact of these emissions by working with the shipping sector. In its Clean Shipping Vision for 2030, the Port describes how it intends to achieve its sustainability objectives through concrete actions, such as reducing emissions of docked sea cruise ships by 50 percent. The Clean Shipping Vision has a wide scope that…
Fujitsu Field Trials Ship Performance Estimation
Fujitsu Laboratories announced that it has conducted a trial of a ship performance estimation technology(1) together with Mitsui O.S.K. Lines (MOL) and Ube Shipping & Logistics, Ltd. Developed by Fujitsu Laboratories and Tokyo University of Marine Science and Technology (TUMSAT), the technology can predict figures such as ship speed and fuel consumption. The results of the trial showed that the technology is capable of estimating ship performance with an estimated margin of error under 1.5%…
Beagle Star to Use Inmarsat’s Fleet Xpress for Superyachts
Inmarsat has launched a new and flexible Fleet Xpress plan for superyachts to address the seasonal luxury market, and through its partner e3 Systems has signed up the first superyacht Beagle Star V, a luxury sail yacht, to the plan. The award-winning Fleet Xpress service has become the fastest growing VSAT service in the 2017 commercial shipping market. With additional flexibility being a key demand for the superyacht industry…
Egina FPSO Leaves SHI's Geoje Shipyard
Samsung Heavy Industries (SHI) successfully completed Geoje-shipyard portion of the world's largest sized Egina FPSO. The gigantic floater left for Nigeria on 31th October 2017. SHI has now fulfilled successful delivery or sail-away of three massive offshore projects as scheduled. Earlier this year Ichthys CPF, world's largest floating gas processing facility, was delivered in April. Prelude FLNG, world's largest FLNG, had left Goeje in June. SHI won the order to build Egina FPSO in 2013.
Rosneft, NIOC Ink Cooperation Deal
Russian oil producer Rosneft and the National Iranian Oil Company (NIOC) have agreed an outline deal to work together on a number of “strategic” projects in Iran together worth up to $30 billion, Reuters reported quoting Rosneft’s head Igor Sechin as saying. The potential collaboration with Iran would further strengthen Rosneft’s position in the Middle East, the company having already secured a number of deals in the region…
MOL Truth, Japan's 1st 20,000 TEU Containership, Delivered
Mitsui O.S.K. Lines (MOL) announced that one of world's largest containerships, the MOL Truth, was delivered at the Saijo Shipyard of Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki, Headquarters: Imabari-shi, Ehime Prefecture) on October 31. The MOL Truth is the first containership with a capacity of over 20,000 TEU built in Japan, and the fifth in a series of six 20,000 TEU containerships that are operated by MOL. On October 25, it was named the MOL Truth.
ContainerPort President and Co-Founder Russel A. Graef Passed Away
ContainerPort Group, Inc. announced today that its President and long-time company veteran, Russel A. Graef, passed away on October 26, 2017. It is with great sorrow that we share the loss of one of the intermodal industry’s founders, pioneers and collaborators. Since CPG’s founding in 1971, Graef held executive positions in all divisions of the business, including terminal operations, sales, logistics, fleet safety, trucking, depot/CY and M&R operations.
MOL, China COSCO Shipping Own 4 LNG Carriers Yamal LNG
Mitsui O.S.K. Lines (MOL) announced that China COSCO Shipping Corporation Limited will take an equity stake in the MOL wholly owned subsidiary that will own four LNG carriers serving the Russia Yamal LNG project. The ownership will be split 50%-50% between MOL and China COSCO Shipping. MOL has already signed long-term charter contracts for the four LNG carriers through its wholly owned company. This is the fourth joint LNG project involving MOL and China COSCO Shipping…
India Okays Shipbuilding Financial Assistance Policy
To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 Crores (USD 773mln) financial assistance to shipyards for 10 years for contracts secured between 01.04.2016 and 31.03.2026 (including these dates).
What’s the Cost of Unscheduled Lock Outages?
Unscheduled lock closures burden the shipper supply chain by more than $1 billion annually, according to estimates from two Tennessee universities. A study, “The Impacts of Unscheduled Lock Outages”, released today by the National Waterways Foundation (NWF) and the Maritime Administration (MARAD), looks at the economic impacts of unscheduled lock outages and highlights economic benefits associated with reliable inland waterways navigation.
Wicker Calls for 355-Ship Navy
Speaking in front of the Senate, U.S. Senator Roger Wicker, R-Miss., Chairman of the Senate Seapower Subcommittee, said the requirement for a 355-ship Navy is clear, especially in light of the recent, fatal accidents involving the USS Fitzgerald and USS John S. McCain. In response to these incidents, the Chief of Naval Operations, Admiral John Richardson, directed that a comprehensive review take place.
Ellis Named Chembulk Tanker CEO
Chembulk Tankers appointed David Ellis as Chief Executive Officer (CEO), succeeding Jack Noonan who will retire after 10 years of leading the team at Chembulk Tankers.
New Exhaust Gas Sensor Technology Goes to Market
With market testing now complete, new exhaust gas sensor technology from remote marine data monitoring company Azurtane Limited will go to market. From its new company headquarters in Southampton, Azurtane will market sensor technology for ships developed with support by the UK government under the Innovate UK program. Azurtane began trialing its exhaust gas sensing equipment with Southampton-based ferry company Red Funnel in 2013.
Crowley to Buy Three Tankers from SeaRiver
Crowley Alaska Tankers, LLC, has signed an agreement to purchase three tankers from SeaRiver Maritime Inc., and charter them back to SeaRiver under varying multi-year terms.
Designer-built Adventure Cruise
The 2016 Polar Code has its first luxury-adventure cruise adherents for the long, new ice-free seasons in the high latitudes. Likewise, many designs winning over owners and explorers target exotic Asia-Pacific destinations. Competition is fierce among “designer-shipyards” seeking to build their designs, but their creations could face fewer hurdles to construction than the designs of independents without a yard.