ASEAN Adopts Oil Spill Contingency Plan
International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the plan was adopted by the 24th ASEAN Transport Ministers Meeting, held in Bangkok, Thailand (8 November). The Regional Oil Spill Contingency Plan provides for a…
WinGD Elected Joins LNG Marine Fuel Institute
Switzerland-based low-speed gas and diesel marine engines marine manufacturer Winterthur Gas & Diesel (WinGD) has become a member of the LNG Marine Fuel Institute.WinGD, the company involved in the design and development of the two-stroke X-DF LNG engines, is highly invested in the advancement of the shipping industry through LNG as fuel.More than 150 engines of the new WinGD X-DF type are ordered…
REMPEC Promotes Spill Prevention and Response in Western Mediterranean
Response plans are essential to ensure reliable national and sub-regional systems for preparedness and response, trained personnel, basic equipment and contingency plans for combating marine pollution incidents.The Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC) , the International Maritime Organization (IMO) -administered pollution emergency response centre in the Mediterranean…
MPC Container Ships Buys More Scrubbers
Norwegian oner and operator of container vessels MPC Container Ships (MPCC) has exercised options to equip additional five vessels with exhaust gas cleaning systems.The scrubber investments are expected to be financed with cash on hand and available debt capacity on the MPCC's existing fleet.The Oslo-headquartered company said in a press release that it has also agreed charters for six scrubber-retrofitted…
Singapore Port Readies for IMO 2020
The Maritime and Port Authority of Singapore (MPA) continues to prepare the Port of Singapore and Singapore-registered ships for the International Maritime Organization’s (IMO) 0.5 per cent fuel global limit for sulphur in fuel oil used on board ships, which will take effect from 1 January 2020.In his opening address at the Singapore Registry of Ships (SRS) Forum, Chief Executive of MPA, Andrew Tan…
'World's First' Zero Emission Marine Biofuel Test Successful
Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S, has successfully completed trials of the world’s first zero emission, ‘drop in’ Heavy Fuel Oil (HFO)-equivalent marine biofuel – almost entirely reducing all carbon and sulphur emissions.A press release from the pioneer in sustainable marine fuels…
DIS Annouces Sale and Leaseback of a MR Tanker
International marine transportation company operating in the product tanker market d’Amico International Shipping S.A. (DIS) said that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Trader.The 49,990 dwt medium-range (MR) product tanker vessel is built in 2015 by Hyundai-Mipo, South…
Shipyard Bijela: Concession to Consortium of Damen and Adriatic Marinas
Damen Shipyards Group, Adriatic Marinas and the Montenegrin Government have signed a contract for redevelopment of Bijela shipyard. The consortium will transform site into superyacht repair and refit facility.According to a press release from the Dutch shipyard group, the consortium of superyacht marina development and operating group Adriatic Marinas and the global ship and superyacht builder Damen…
Damen Shipyards Wins Stan Tug Order from SNRTM
Dutch shipbuilding giant Damen Shipyards Group has signed a contract with Société de Remorquage et de Travaux Maritimes (SNRTM) for the delivery of one Damen STu 1606 that shall operate in the Mediterranean Sea in Toulon, France.According to a press release from the manufacturer tugs and workboats, high speed crafts, ferries, offshore vessels, pontoons, the contract was signed in the Netherlands at Damen’s headquarters…
Subsea Innovation Bags Two Contracts with Royal IHC
Subsea Innovation, the supplier engineered equipment and technology used in the installation of subsea equipment for the offshore oil and gas, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.A press release from the offshore energy engineering compmany said that will be supporting their client Royal IHC Limited on the design, development…
IOG Delays North Sea Project Financing
UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive to deliver its financing plan for the core Southern North Sea project before year-end.The company which explores for and develops oil and gas properties in the North Sea said in a press release that it was ready to enter the execution phase of its core development project in the UK Southern North Sea…
KNOT Offshore CEO/CFO John Costain Steps Down
UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership."Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019," said a press release from the publicly-traded master limited partnership, which , operates and acquires shuttle tankers under…
Mercator Lines Sells a Tanker
Indian shipping company Mercator Limited has decided to sell one of its vessels, Vedika Prem, as part of its strategic plan.The MR2 tanker has been sold for a total consideration of INR 28.54 Crore (around USD 4.1 million) to an unnamed buyer."The deal was concluded yesterday (November 29). The proceeds from the sale would be used to meet the companies debt obligations and liabilities," said a stock exchange annoucement the company with diversified business interests in Coal…
Virgin Voyages to Build a Massive Terminal at PortMiami
Virgin Voyages, formerly Virgin Cruises, has unveiled its plans for a new terminal at PortMiami.Sir Richard Branson's cruise line said in a press release that the new Virgin Voyages Terminal will be located on the northwest side of the port in Miami, giving it incredible views of the city’s skyline. Construction is due to start next year and will be completed by November 2021, the beginning of the year’s cruise season.“Miami is an incredible city and one of my favourite places to work and play…
Fincantieri Delivers Nieuw Statendam
Nieuw Statendam, the new cruise ship of Holland America Line, was presented at the Fincantieri Marghera shipyard in Venice. Holland America Line is a brand under Carnival Corporation, the world’s largest cruise operator.The vessel is the 16th Holland America Line ship built by Fincantieri and is the line’s second Pinnacle-class ship after Koningsdam, delivered in 2016.The 99,902-ton vessel accommodates 2,666 guests and is the ultimate expression of the Holland America Line brand.
Petronas, Vitol Asia Pact for LNG Supply Deal
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing of binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) agreement.Under the terms of the agreement signed on 1 October 2018, the LNG supply to Vitol commencing in 2024 will be approximately…
Maersk Rosyth Completes 1,000 Voyages with ExxonMobil
Maersk Rosyth, the Handysize vessel, has been on time charter with an ExxonMobil marine affiliate for 15 years and has recently completed her 1,000th voyage, demonstrating Maersk Tankers' long-term relationship with the customer."A voyage Maersk Rosyth has done 1,000 times over the past 15 years, Rotterdam to Port Jerome and back, as part of a time charter agreement between an ExxonMobil affiliate and Maersk Tankers…
Transocean Shareholders OK Ocean Rig Acquisition
Transocean, international provider of offshore contract drilling services for oil and gas wells, has announced that its shareholders approved the acquisition of Ocean Rig UDW, by approving the proposals presented at Transocean’s Extraordinary General Meeting. Switzerland-based offshore drilling contractor quoted its President and CEO Jeremy Thigpen in a press release, as saying: "We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig.
Global LNG Trade Jumps by 7.1%, Says Höegh LNG
The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA, said Höegh LNG.The provider of LNG transportation and services said that for the full year, LNG trade is expected to reach around 320 million tonnes, up by…
IMO Encourages Investments in Alternative Fuels
Technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieving the overall ambition in the Initial International Maritime Organization (IMO) Strategy on reduction of GHG emissions from ships.A press note from the UN agency said that a meeting of the IMO Global Industry Alliance to Support Low Carbon Shipping…
