Clean Arctic Alliance Calls for Renewing Commitment to HFO Ban
Clean Arctic Alliance called on member states to “renew their commitment” so that a ban on the use and carriage of polluting heavy fuel oil (HFO) from Arctic shipping can be adopted in 2021 as the International Maritime Organization (IMO’s Marine Environment Protection Committee (MEPC 73) gathered yesterday (October 22) in London.“IMO member states must be resolute in ensuring that the Arctic ban on heavy fuel oil is developed by 2020…
Wallem, Zeaborn Choose Verifavia Shipping for EU MRV Monitoring
Wallem Ship Management in Hong Kong and Zeaborn Ship Management in Hamburg have chosen Verifavia Shipping for European Union (EU) Reporting and Verification (MRV) and the International Maritime Organization (IMO) Data Collection System (DCS), as well as certification of associated IT systems.The emissions verification company for the transport sector said in a press release that trough their agreement with Zeaborn Ship Management…
Gagarin Prospect Performs Ship-to-Ship LNG Bunkering
The large-capacity Aframax tanker "Gagarin Prospect", owned by Russia's SCF Group, successfully implementated construction and operation commencement using LNG as the primary fuel.Konstantin G. Palnikov, Director General of Russian Maritime Register of Shipping, participated in a protocol event dedicated to this project.This pioneered the expansion of LNG fuel into the global shipping industry,…
European Shipowners Hail EU-Singapore Trade Pact
The European Union and Singapore signed three agreements to take their political, trade, and investment relations to a new level as the landmark trade deal aims to remove import duties and taxes and improve market access for services providers, investors and firms.“European shipowners welcome the fact that the EU and Singapore show their commitment to free, fair and rules-based trade at a time that protectionism is on the rise”…
Petrogas Extends Maersk Resolute Contract
Petrogas E&P Netherlands B.V. has exercised an option with Danish driller Maersk Drilling to extend the current contract of jack-up rig Maersk Resolute in the Dutch sector of the North Sea.The contract extension is for one well, A15 on the Dutch continental shelf, with an expected duration of 21 days.The exercised option extends Maersk Resolute’s confirmed work scope into March 2019.The high-efficiency jack-up Maersk Resolute…
Marine Environment Protection Committee to Address Sulphur Limit Implementation
International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC 73) has begun a busy session (22-26 October).On Monday, the MEPC moved ahead with its work to deliver the IMO initial strategy on the reduction of greenhouse gas emissions from ships, approving a programme of follow-up actions.A working group on GHG reduction will continue discussions, including the scope of the fourth IMO GHG study.The Committee will address the implementation of the 0.50% sulphur limit.
Port of Savannah Container Trade up 12 Percent
The Georgia Ports Authority achieved a 12 percent increase in containerized trade at the Port of Savannah in September, along with a 37.6 percent increase in roll-on/roll-off trade at the Port of Brunswick.“The impressive volumes moving through our deepwater terminals are related to our customers building inventory for the peak buying season,” said GPA Executive Director Griff Lynch. “We anticipate…
MethaShip Project Projects Methanol as Future Fuel
The Methanol Institute has welcomed the findings of the MethaShip research project which has concluded that renewable Methanol offers a long term solution for the industry’s ambitious carbon emission reduction strategy.The MethaShip partners found that Methanol can offer a dramatic improvement in emissions reduction across multiple ship types once the IMO has established the statutory framework conditions…
MarineMTS Strikes Equity Deal with SRH Marine Electronics
Stonehaven-based marine technology company MarineMTS has struck an equity funding deal with SRH Marine SAIT (trading as SRH Marine Electronics). The deal will see the North-east business benefit from a multimillion dollar funding package, and through SRH Marine’s existing customer base, unlock access to approximately 15,000 vessels which could benefit from MarineMTS’ latest ‘Silverbox’ technology.
Crowley Christens LNG ConRo El Coquí
Crowley Maritime Corp. on Saturday christened its Commitment Class combination container/roll on-roll off (ConRo) ship El Coquí, which is among the first of its kind to be powered by liquefied natural gas (LNG).The Jones Act compliant vessel is the first of two built as part of Crowley’s Commitment Class project and a key new component in the company’s supply chain transformation in the U.S. mainland-Puerto Rico trade.
Scrubber-fitted Dry Bulk Vessels to Command Premiums -MSI
A two-tier market will reward early adopters with higher timecharter rates and asset values as cost of low sulphur fuel increases dramatically, says research and consultancy firm Maritime Strategies International (MSI).According to MSI, scrubber-fitted dry bulk vessels could be earning a significant premium over those burning more expensive low sulphur fuel and higher asset values will reward those…
Petrobras Receives $149 Mln from SBM in Leniency Deal
Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.($1 = 3.6866 reais)(Reporting by Alexandra Alper; editing by Jonathan
Erna Oldendorff Collided with Japanese Bridge
The Oldendorff Carriers vessel Erna Oldendorff struck the Oshima bridge on its way to Etajima, Japan on Monday, October 22.A press notification from the dry bulk shipping company said that no people were hurt and there are no reports of pollution at this time.Immediately after the incident Oldendorff Carriers informed all relevant authorities and parties.The vessel is following instructions of the Japanese Coast Guard and has moved to a safe anchorage.The cause of the accident is still unknown.
ThyssenKrupp Develops New Lithium-Ion Batteries for Submarines
The providers of naval vessels, surface ships and submarines ThyssenKrupp Marine Systems of Germany has developed a new type of lithium-ion battery system for submarines together with Saft, a manufacturer of advanced battery systems for industry.In an adapted form, the system could also be used for other maritime applications in future.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems said: "The use of the new battery technology has enormous tactical advantages.
Qatar Navigation Undergoes Digital Transformation
Qatar-based maritime and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with Oracle Cloud applications to drive a major digital transformation across all its core business operations and its subsidiaries.The initiative will help Milaha create new revenue streams by introducing innovative services and drive operational efficiency with automated processes, said a press release from the Qatari logistics giant.Abdulrahman AlMannai…
German Wind Auction Undersubscribed
The German Federal Network Agency (BnetzA) has announced the outcome of the latest German onshore wind auction. It revealed that the country's last wind tender of the year was undersubscribed and saw average prices rise again.A press release noted that only 363 MW of capacity won a contract, compared to the 670 MW that was on offer.According to WindEurope, over 900 MW of projects were pre-approved for the auction and had a permit. But only a third of these actually bid.
Brexit Uncertainty Dents Demand for 2019: Brittany Ferries
French shipping company Brittany Ferries has published passenger and freight figures covering quarter-three 2018.The results point to an encouraging summer season and mark the first in a series of statements highlighting quarter-by-quarter performance. However the company, which operates from Portsmouth, Poole and Plymouth and has recently announced a EUR450m investment in three new ships, has also raised the alarm.Noting a fall in demand for family holidays next summer…
Andy Richardson Joins as COO of SimecAtlantis Energy Limited
Simec Atlantis Energy announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1,000 megawatts in various stages of development said that this will be a non-Board appointment.Andy is a senior figure in the global power generation sector…
Australia's Woodside China's ENN Join Hands
Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.The Cooperation Agreement was signed at a ceremony in Zhoushan on behalf of Woodside by Executive Vice President Marketing Trading & Shipping Reinhardt Matisons and by ENN Group CEO Cheung Yip Sang.“Woodside’s aim is to grow our relationship with ENN Group…
HC2 Holding Mulls Global Marine Sale
The diversified holding company HC2 Holdings announced that it is exploring strategic alternatives, including a potential sale, for its Global Marine Group (GMG) subsidiary.As part of this process, Global Marine Holdings, a leading provider of offshore engineering services to the telecommunications, renewables and oil & gas industries through its operating subsidiary Global Marine Systems Limited, has engaged Deutsche Bank Securities Inc.