Bahri Adds New VLCC Khurais
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92,further enhancing its market-leading capabilities in crude oil transportation. The new addition is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI)…
Maersk Introduces Shares Plan for Top Executives
Danish A.P. Møller – Mærsk A/S has decided to establish a restricted shares plan for the members of its Executive Board in addition to the stock option plan established in 2017. "In continuation of the adoption of revised General guidelines for incentive pay and Remuneration Policy for A.P. Møller - Mærsk A/S at the Company’s Annual General Meeting held on 10 April 2018, the Board of Directors has…
Rotterdam Port Calls for North-West Europe Joint CO2 Price
The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced. At the Port Authority’s Energy in Transition Summit 2018 on the RDM site in Rotterdam, Port Authority CEO Allard Castelein made a powerful case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands.
Nairobi Wreck Removal Convention Updated
Hazardous ship wrecks can cause many problems. Depending on its location, a wreck may be a hazard to navigation, potentially endangering other vessels and their crews. It may also cause substantial damage to the marine and coastal environments, depending on the nature of the cargo. On top of this, there is the issue of costs involved in marking and removing hazardous wrecks. International Maritime Organization (IMO)'s Nairobi Wreck Removal Convention goes some way to resolving these issues.
TGS Awards Seismic Survey Contract to Shearwater GeoServices
Shearwater GeoServices, jointly owned by GC Rieber Shipping ASA and Rasmussengruppen AS, has been awarded a new contract by geophysical company TGS. The project is expected to take approximately three months and is scheduled to be completed by the end of September, 2018. For the second consecutive year Shearwater has been awarded a contract for a seismic survey on the Atlantic Margin in the Norwegian Sea.
DP World Australia Extends Partnership with CMA CGM
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle. This partnership extension brings two market leaders of the Australian port logistics sector closer together. CMA CGM Group’s high-quality shipping services, which include ANL and APL, will leverage DP World Australia’s container terminal and intermodal footprint.
Euroseas Sells its Oldest Bulk Carrier Vessel
Greece-based Euroseas announced the sale of M/V Monica P, a 46,667 dwt vessel, built in 1998, to unaffiliated third party for the gross amount of $6.45 million. The owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes said that the vessel will be delivered to its buyers by June 30 2018. The Company has a fleet of 17 vessels…
Harry S. Truman Carrier Strike Group Departs on Deployment
The Harry S. Truman Carrier Strike Group (HSTCSG) departed Naval Station Norfolk, April 11, for a regularly scheduled deployment. The strike group, including aircraft carrier USS Harry S. Truman (CVN 75), Carrier Air Wing (CVW) 1, USS Normandy (CG 60), several destroyers of Destroyer Squadron (DESRON) 28 and German frigate FGS Hessen (F 221), is scheduled to conduct operations in the U.S. Navy's 5th and 6th Fleet areas of responsibility. The deployment is part of an ongoing rotation of U.S.
SAAM to Invest $85 Mln in Fleet and Infrastructure
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. "In 2018, we expect to invest close to $85 million, which will be used to maintain our port equipment and infrastructure and reinforce our tug fleet. This could also include inorganic growth opportunities that we are constantly evaluating,” commented SAAM’s chairman, Óscar Hasbún.
SE Asian Shipowners Meet in Japan
Tokyo Big Sight Conference Tower hosted the Southeast Asia Maritime Summit yesterday as a part of the Sea Japan 2018 exhibition. The packed conference hall was the stage for executives from five major ship associations -- Indonesian National Shipowners’ Association; Thai Shipowners’ Association; Filipino Shipowners’ Association; Malaysia Shipowners’ Association; and the Singapore Shipping Association…
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Paul Allen’s Crew Finds Another Historic Shipwreck
The USS Helena (CL 50) is the latest in a string of historic shipwrecks discovered by Paul G. Allen’s expedition crew aboard the state-of-the-art research vessel Petrel.The U.S. Navy's storied St. Louis-class light cruiser began her World War II service at Pearl Harbor and took part in three significant battles during the Solomon Islands campaign before being sunk by Japanese torpedoes on July 6, 1943, during the Battle of Kula Gulf.
Injured Bulk Carrier Crewmember Medevaced
A U.S. Coast Guard helicopter crew medevaced an injured Chinese crewmember from a bulk carrier Tuesday night in the Atlantic Ocean, approximately 175 nautical miles northeast of Puerto Rico. Coast Guard watchstanders in San Juan received the medevac request at 5 p.m., Monday from the Panamanian-flagged Bunun Hero for a crewmember who sustained multiple broken bones and a head injury after falling from…
British Warship to Help Police North Korean Sanctions
A British warship “changed its deployment” and arrived in Japan on Wednesday to join efforts to police U.N. sanctions imposed on North Korea over its nuclear and missile programs. The Royal Navy frigate HMS Sutherland arrived at Yokosuka, the headquarters of Japan’s Maritime Defence Force fleet and home port of the U.S. Seventh Fleet’s carrier strike group. It “will be contributing to the international…
Rotor Sail Installed Aboard Viking Grace
Cruise ferry M/S Viking Grace has become the world’s first passenger ship equipped with a rotor sail to harness wind power for propulsion. The rotor sail, developed by Finnish engineering company Norsepower Oy Ltd., is a modernized version of the Flettner rotor: a vertical spinning cylinder that uses the Magnus effect to harness wind power to propel a ship. When wind meets the spinning rotor sail, the air flow accelerates on one side of the rotor and decelerates on the opposite side.
Shipping Fuel Costs to Spike 25% on Sulphur Cap
Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020. Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie said on Wednesday. The ballooning costs will come as the change in regulations forces a portion of the world's fleet to switch to lower sulphur, but higher cost, fuels such as marine gasoil (MGO) and ultra low sulphur fuel oil.
Huntington Ingalls Says Steel Tariffs Won't Raise Prices for Now
Huntington Ingalls Industries, the largest shipbuilder for the U.S. government, said new tariffs on steel and aluminum should not impact the price of its own shipbuilding in the near-term, but does not know if tariffs will raise prices for its suppliers. Huntington's Newport News Shipbuilding yard in Virginia has a multi-year financial agreement that guarantees steady pricing for its steel, known as a hedge…
Norway's DOF: OSV Market Improving
The cost of renting offshore supply vessels (OSVs), servicing oil and gas firms, will continue to rise as many ships that were mothballed up during the downturn will not return to the market, the chief executive of Norway's DOF said on Wednesday. A number of offshore vessel companies went bankrupt after oil prices plunged between 2014 and 2016, or were forced to merge with competitors to survive as oil companies cut spending for exploration and new developments.
Vietnam Mulls Coast Guard 'Open Fire' Rules
Vietnam wants to give its coast guard more flexibility to open fire at sea, amid tension in the busy South China Sea waterway, a draft law released on Wednesday showed. The law, expected to be voted by lawmakers at the end of this year, would allow greater assertiveness in disputed waters by the coast guard, now armed with modern U.S. and Japanese patrol boats, in a policy likely to alarm neighbouring China.
Fisherman Rescued East of East Caicos Island
The Coast Guard, a good Samaritan and Turks and Caicos Police Maritime Division rescued an overdue fisherman Tuesday approximately 100 yards off the eastern shore of East Caicos Island. Rescued was Timothy Hamilton, 65, of Cockburn Harbor, South Caicos Island. Hamilton was reported overdue to the Turks and Caicos Police Maritime Division Monday, who requested the Coast Guard’s assistance at approximately midnight. Hamilton departed Cockburn Harbor at 7 a.m.