DNV GL Launches D-Class
DNV GL has launched a “D-Class” (Data Smart Classification) joint development project to develop an innovative Dynamic positioning (DP) verification approach. In a series of workshops DNV GL is seeking input from the industry regarding the goals, methods, means and deliverables of the project. Downtime, delays, and interruption of operations are common consequences of dynamic positioning verification schemes. DNV GL wants to change this by incorporating modern technology.
Maersk Oil, Partners Approve USD 3.2bln Tyra Gas Project
Maersk Oil has announced that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to secure the investment. The redevelopment of Tyra ensures continued production from Denmark’s largest gas field, and will protect and rejuvenate important Danish North Sea infrastructure.
Ship Insurer Britannia Sets Up Subsidiary for EU
Following Britain’s decision to leave the European Union, British ship insurer Britannia plans to set up a subsidiary in Luxembourg, Reuters reported. It is to ensure it can continue to trade in Europe, the company said. According to company data Europe accounts for over 40 percent of Britannia’s global business. The report said that insurers are making contingency plans because when Britain leaves the EU on March 29…
Saipem Bags New Offshore Contract in Saudi Arabia, West Africa
Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The contract’s main scope of work includes the engineering, procurement and construction of a new 42” offshore pipeline replacing an existing one and other miscellaneous activities for the upgrade of the Manifa water injection system.
UAE: First Arab Country to Win Category B Membership of IMO
The United Arab Emirates (UAE) has now become the first Arab country to win Category B membership into the International Maritime Organization (IMO) Council. The win was the triumphant result of an election that included nominees from 11 leading countries in the international marine trade sector such as Germany, Sweden, Netherlands, Brazil, Argentina, France and Australia. declaration was made during the 30th General Assembly meeting…
Rasmussengruppen Sells Stake in Norden
Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden. The company's share capital consists of 42,200,000 shares of DKK 1 each, amounting to DKK 42,200,000. Rasmussengruppen was the second biggest investor in Norden, after Danish company A/S Motortramp on 28.08%. Norden operates one of the industry’s most modern, flexible and competitive fleets globally within the dry cargo and tanker vessel types.
Ocean Yield Invests in 3 NAT Suezmaxes Newbuilds
Ocean Yield ASA has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT). The net purchase price is USD 43.2 million per vessel after seller's credit. The net purchase price constitutes 77.5% of the gross purchase price, which is equal to the yard contract price. The vessels are scheduled for delivery by the yard, Samsung Heavy Industries, South Korea, in June, August and October 2018.
Total to supply LNG for CMA CGM's Future Boxships
Total to supply 300,000 T of LNG a year for 10 years. Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large vessels, the French companies said on Monday. CMA CGM had said last month it would use LNG to power the nine extra-large vessels it has on order, a first such move in a shipping industry grappling with how to comply with tougher rules on emissions.
China Trims Appetite, but Coal Prices Unfazed
There are indications that China's appetite for imported coal may be starting to ease in line with Beijing's efforts to limit the use of the fuel over winter in a bid to lower air pollution. China's seaborne imports were 18.26 million tonnes in November, down from 20 million in October, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. It's the fourth consecutive monthly decline for seaborne coal imports…
Human Element Key to Digital Formula
In all the excitement surrounding the digitalization of shipping it is easy to overlook the human element. Failing to appreciate and understand properly how people – and by extension organizations – interface with new technology can lead to poor implementation and unnecessary exposure to risk. Technology has sometimes been described as an ecosystem. This analogy from the natural world is rather apt in a shipping environment struggling to adapt to digitalization…
Voices: Rich Merhige, President/Owner, AME
AME is a Florida based engineering services company specializing in marine (Advanced Mechanical Enterprises) and industrial (Advanced Maintenance Engineering) predictive, preventative and corrective maintenance for rotating and reciprocating machinery. Founded by Rich Merhige in 1992, AME has pioneered the use of technologies and equipment to perform diagnostics, maintenance and repair, particularly for private and commercial vessels.
Federal Waterways Infrastructure Outlook
On Capitol Hill, October 1 was the first day of 2018, at least for the federal government’s fiscal year. In theory, on 10/1, the federal budget is supposed to be finalized with appropriations – i.e., spending – established for the next year. In practice, of course, it rarely works that way. Budget deliberations frequently last through December. And even on New Year’s Eve, Congress may be forced to vote on a Continuing Resolution to keep the government operating.
ISA Towage Names New Damen Workboat
ISA Towage BV’s new workboat ISA was officially named at a November 17 ceremony at Damen Shipyards Hardinxveld (DSHa). ISA's godmother was Miranda Mastenbroek, wife of Willem-Harm Mastenbroek, owner and managing director of ISA Towage B.V. The new vessel, a Damen Shoalbuster 3209, is the second purchased by ISA Towage B.V. A smaller vessel, a Shoalbuster 2709 also called ISA, was delivered at the close of 2016, and has now been replaced by the 3209.
Wärtsilä 20 Diesel Engine Gets a Power Upgrade
An upgraded version of the Wärtsilä 20 diesel engine features greater power density thanks to increased cylinder output. The new engine will receive its officially launch at the Marintec conference and exhibition in Shanghai, China from December 5 to 8. According to the manufacturer, the increased maximum output of the new Wärtsilä 20 will enable vessels to accommodate greater payloads or achieve faster speeds with almost the same low fuel consumption as the current version…
Corvus Energy Names Bjørkeli CEO
Corvus Energy has appointed Geir Bjørkeli as its new Chief Executive Officer (CEO). Bjørkeli was previously Director of Norway for the Dutch company Huisman, and established the company’s Norwegian presence for offshore construction equipment solutions. Bjørkeli will remain based in Bergen, Norway. Prior to joining Huisman, Bjørkeli was a design engineer with the ship designer and shipbuilder Ulstein.
Jotun, DNV GL: Making Coatings Digital
Seeking to optimize the delivery of its maritime coatings at port, Jotun said it is using DNV GL’s Veracity platform combining external and proprietary data to create an ecosystem where users can safely share data and link it to other quality assured datasets. In this case Jotun is using the Estimated Time of Arrival (ETA) dataset to ensure it has the right amount of product in the right place. “Veracity is making paint digital.
Jamaica Elected to Council C Category of IMO Council
Jamaica has reestablished its position at the heart of international maritime rule-making following its election to the International Maritime Organization's (IMO) Council. The nation was elected as a Category C Council member on December 1, and will serve until 2019. The Maritime Authority of Jamaica’s (MAJ) Director General, Rear Admiral Peter Brady previously chaired the former IMO’s Standards of Training and Watchkeeping (STW) sub-committee between 2003 and 2012…
NORDEN Opens Vancouver Office
NORDEN has opened a new office in Vancouver, Canada, as the Danish ship owner seeks to expand its global reach and local presence on the North American West Coast. “The new and increased presence on the West Coast will strengthen NORDEN’s ability to provide customers with transport to and from the Americas and from North America to Asia and enable NORDEN to become even more competitive on local coastwise trades,” the company said.
Salvors Seek to Recover Tin Cargo
Innocap has entered into an agreement with a company in Singapore to assist in the recovery of a large shipment of tin from a sunken ship that is believed to be…
Somalia Signs on to Combat Piracy
Somalia has become the latest to sign the Jeddah Amendment to the Djibouti Code of Conduct, developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that seeks to repress piracy and armed robbery against ships operating in the region. Adopted in January 2017, the amendment broadened the scope of the Djibouti Code, covering measures for suppressing a range of illicit activities…