Maersk Supply Service Wins Contract With Quadrant Energy
Maersk Master and Maersk Mariner, Maersk Supply Service’s two first Starfish-class anchor handling vessels built in 2017, will be on contract with Quadrant Energy in Western Australia, commencing March 2018. Both vessels will support Quadrant Energy’s Phoenix South and Van Gogh drilling campaign which will initially cover three wells for a duration of 150 to 200 days. The highly modern and efficient…
Rolls-Royce Mulls Sale of Commercial Marine Unit
Industrial conglomerate Rolls-Royce is considering selling the bulk of its struggling marine business as the company embarks on another restructuring which aims to further slash costs. "We are embarking on a further simplification of the business, including the evaluation of strategic options for our Commercial Marine operation and a reduction from five operating businesses to three core units based around Civil Aerospace, Defence and Power Systems," said a press release from the company.
FSL Trust Sells Vessel to Trim Debt
FSL Trust Management, as trusteemanager of First Ship Lease Trust (FSL Trust), announces that the Trust has sold its chemical tanker, FSL Tokyo, for a cash consideration of US$13.8 million. FSL Tokyo is a 2006, Japanese-built, 20,938 DWT chemical tanker that has been deployed in the spot market. The net proceeds from this Disposal will be applied in full to the outstanding loan facility in 1Q2018. FSL Trust will record a related impairment charge of approximately US$9.0 million in 4Q2017.
LME Certification for Port of Amsterdam
Port of Amsterdam was awarded an LME certification this week by the London Metal Exchange (LME). From now on, Amsterdam is listed as a goods delivery point for aluminium, aluminium alloy, lead, nickel, tin and zinc. This will enable our terminals and forwarding companies to strengthen their position in the ferro and non-ferro markets for short and deep sea. The application for the certification was submitted by Port of Amsterdam to the London Metal Exchange (LME) in November 2017.
PSA's Port Inks Solar Deal with Sunseap
PSA Corporation and Sunseap Group Pte Ltd have signed a 21-year solar power purchase agreement that will enhance the eco-friendliness of the container port and ancillary buildings in PSA’s Singapore facilities. Sunseap will construct and install a 4 Megawatt peak solar system across five sites in PSA’s Singapore terminals, including terminal buildings, gates, maintenance base and workers’ dormitories at Pasir Panjang Terminal.
Chevron Shipping Awards Oil, LNG Contract to GAC
US-based Chevron Shipping Company (CSC) has awarded the Dubai-based GAC Group a global three-year ship agency contract for both crude and LNG vessels. The new agreement secures the provider of shipping, logistics and marine services GAC’s status as Chevron’s exclusive global agent in a partnership that spans more than 20 years, more than 15 of which have seen GAC as its sole global agent. Operations will be overseen by GAC Hub Agency offices in Dubai…
Fifth Consecutive Record Year for Antwerp
The port of Antwerp has achieved a record freight volume for the fifth straight year in a row. In 2017 the port handled 223,606,610 tonnes of freight, an increase of 4.4% compared with the previous year. Practically all sectors turned in an excellent performance: the container volume expanded in tonnage by 4.3% (123 million tonnes), liquid bulk such as oil derivatives by 5.7% (73.1 million tonnes)…
Washington State Ferries Ridership at a 15-year High
Washington State Ferries, the nation’s largest ferry system, carried nearly 24.5 million passengers in 2017, its highest ridership since 2002. Ridership increased for the ninth consecutive year and was up by more than 250,000 over 2016. “We expect our ridership to continue to grow as more people move to Western Washington,” said WSF head Amy Scarton. “As part of the state highway network, the ferry…
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd.
MAN's Part-Load Optimization a Fuel Saver
MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo.
Baltic Index Drops to 5-month Low on Sinking Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell nearly 5 percent on Wednesday to its lowest in over five months due to tumbling capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, slid 57 points, or 4.7 percent, to close at 1,164 points, the lowest since Aug. 14. The capesize index fell 267 points, or 13.28 percent to 1,743 points, its lowest level since Aug.
Santos Port to Suspend Shipments of Live Animals
The company that operates Latin America’s largest port in the Brazilian city of Santos said on Friday it will suspend shipments of live animals. The company detailed its decision in a letter seen by Reuters that was sent by state-run Companhia Docas do Estado de São Paulo to a congressman. A press officer at Codesp, as the state-run operator is known, said the letter was authentic. Later, the company sent a statement confirming the suspension.
Norway: We Must Prepare for Arctic Oil Race with Russia
Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda…
Tug Newbuild Delivered to De Boer
On January 9, Damen Shipyards Hardinxveld delivered an ASD Tug 2310 SD (shallow draught), named Papillon, to De Boer Remorquage SARL, a subsidiary company of Dutch Dredging (Baggerbedrijf De Boer) and Iskes Towage & Salvage. Damen has customized the ASD for a 12-year contract with Grand Port Maritime de Guyane in the ports of Cayenne and Kourou in French Guiana. The tug’s primary function will be the assistance of vessels entering and leaving the ports.
GE Ships LM2500 Marine Gas Turbine for US Navy
GE's Marine Solutions division said it has shipped a LM2500 marine gas turbine propulsion module that will help power the U.S. Navy's 75th DDG Arleigh Burke-class destroyer Jack H. Lucas (DDG 125). Shipbuilder Huntington Ingalls Industries' Ingalls Shipbuilding division will construct this new destroyer with U.S. Navy Flight III upgrades incorporated. Each DDG destroyer features four GE LM2500 marine gas turbines in a combined gas turbine and gas turbine (COGAG) configuration.
Ex-US Navy Officers Face Negligent Homicide Charges over Ship Collisions
The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday. Filing charges against the officers marks the Navy’s latest effort to address the problems that led to collisions involving its warships in Asia, in which 17 sailors were killed.
Dive Support Vessel Delivered to Stapem Offshore
The first of two new 18-meter catamaran dive support vessels built for Paris-based Stapem Offshore has been delivered by South African shipbuilder Legacy Marine Group. The Marshal Island-flagged vessel, Stapem Beluga, will operate in the coastal waters of Angola in support of oil and gas exploration and production. The vessel, designed by Incat Crowther, has been customized to suit Stapem’s specific operational requirements.
Amid Tension, China Carrier Group Sails through Taiwan Strait
A Chinese carrier group has sailed through the narrow Taiwan Strait that separates the self-ruled island from its giant neighbor but no unusual activity was detected, Taiwan said on Wednesday, amid heightened tension with Beijing. Beijing has taken an increasingly hostile stance toward Taiwan since the election two years ago of President Tsai Ing-wen of the pro-independence Democratic Progressive Party.
EU Opens Investigation into Tax Incentives for Polish Shipyards
The European Commission on Monday opened an investigation into tax incentives for shipyards in Poland, saying it had concerns the scheme would give an unfair advantage to companies. Under the Polish scheme, shipmakers can pay a flat-rate tax on sales from the building and conversion of ships. The Commission said such a measure could be seen as “operating aid”, which is illegal under EU rules. “The Commission will now investigate further to determine whether its initial concerns are confirmed…
Finland Concerned over Rise in Russia's Cargo Ship Inspections
The Finnish government has voiced concern over surprise inspections on Finnish cargo ships visiting Russian ports in recent weeks, saying delays had been a problem for shipping companies. Neighboring Russia carried out seven thorough inspections in the past two weeks on Finnish ships at St Petersburg and other ports, without giving a specific reason, a government minister said on Friday. Such inspections usually take place for Finnish ships only a few times a year globally.