Singapore Court Dismisses Oil Tycoon Family's Appeal Against Ocean Tanker Suit
Singapore's highest court has dismissed an appeal by oil tycoon Lim Oon Kuin and his two children after they were successfully sued for breach of fiduciary duties by the court-appointed managers of a company they once owned.Lim is the founder of defunct Hin Leong Trading Pte Ltd and Ocean Tankers, once one of Asia's largest oil trading and shipping firms, which both went under judicial management in 2020ā¦
Singtel to Provide VSAT for 33 PIL Containerships
Singapore based shipping company Pacific International Lines (PIL) is installing satellite communication, or VSAT, on its entire fleet as part of its digitalization efforts to enhance seafarer wellbeing and improve productivity on board its ships. Communications technology group Singtel said it is one of the partners providing PIL with communications and cybersecurity solutions for 33 vessels in PILās fleet.āAs a progressive companyā¦
UKHO Launches ADMIRALTY Small Craft Charts Service
The UK Hydrographic Office (UKHO) has launched its ADMIRALTY Small Craft Charts service - formerly known as ADMIRALTY Leisure Chart Folios ā to bring important safety, quality and flexibility benefits to all marine users who depend on these charts.The launch of this new service follows the announcement in May 2021 that UKHO will withdraw the regional folio structure for these charts. Instead usersā¦
Industry Looks to UN Climate Talks to Steer Cleaner Shipping
World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N. shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas (GHG) emissions from ships by 50% from 2008 levels by 2050.
Marine Biofouling in Ports: Wet Docks Acting as āHot Spotā Biofouling Transfer Stations
The GEF-UNDP-IMO Glofouling partnership (2017) is a global initiative to counter the environmental issue of invasive aquatic species (IAS) and the resulting harmful ecological and financial damage that can occur when such invasion events are introduced through the medium of biofouling on ships hulls and other marine structures such as those found in the oil and gas industries.One of the key objectivesā¦
Eidesvik Offshore CEO to Retire after 16 Years in Position
Norwegian offshore vessel owner Eidesvik Offshore said Thursday its CEO and President Jan Fredrik Meling would as planned, retire from the position at the age of 65 effective December 31, 2021, after more than 16 years in the position.Starting January 1, 2022, the companyās CCO Gitte Gard Talmo will replace Meling who has served as President & CEO since 2005.Arne Austreid, Chairman of the Board saidā¦
'Emission-free' Swedish Ferry to Sport Battery, Hydogen-based Fuel Cell Power
Echandia secures order for the world's first emission-free high-speed catamaran ā planned for commercial traffic in StockholmStockholm-based Echandia signed an agreement to supply what is touted as the 'world's first' emission-free high-speed catamaran with an integrated battery and hydrogen-based fuel cell system for Green City Ferries AB, a ferry planned for commercial traffic in Stockholm. Theā¦
Interview: Hiroaki Sakashita, CEO, ClassNK
While the maritime industry faces a long āto doā list for the coming three decades, Hiroaki Sakashita, CEO, ClassNK, sees decarbonization as the definitive trend that will most dramatically impact the design, construction and life-cycle operation of ships.āIt is decarbonization.āHiroaki Sakashita, CEO, ClassNK, is definitive when asked to discuss the biggest challenge facing shipowners today. āDecarbonization will change the structure of seaborne tradeā¦
Performance Intelligence: The Key to Decarbonizing Maritime
How technology can bring data to life, from design through to operations, helping improve efficiency and reduce emissionsOver the last year, climate change ā or more appropriately climate action ā has emerged as the critical issue impacting the future of global industries. Companies are under pressure to outline plans to transition to a more sustainable way of doing business ā and the shipping and maritime communities are no exception.Transportation emissions ā which typically include roadā¦
Siem Offshore's PSV to Feature Wärtsilä Energy-saving Hybrid Propulsion
Finland-based marine equipment and technology provider Wärtsilä will upgrade Siem Offshore's platform supply vessel āSiem Prideā for hybrid engine and battery propulsion. The upgrade will enable the vessel to reduce the number of engines in use during operations and lower its energy and fuel consumption. "Central to the conversion will be the Wärtsilä HY Module, which is a containerized solution on the deck of the vesselā¦
Companies to US Shipping Regulator: Enough Probes, Start Enforcing
A U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping.The Travel Goods Association, whose companies do some $1 billion in U.S. sales annually, asked for "immediate action ā aggressive enforcement, leadership to bring the full gamut (of) stakeholders to the tableā¦
Final Section of Golden Ray Shipwreck Removed
The largest shipwreck removal project in American history is drawing to a close.On Monday, salvage personnel removed the final section of the overturned car carrier Golden Ray, which capsized in the St. Simons Sound near Georgia's Port of Brunswick in September 2019.The ensuing salvage projectāconsidered to be the largest and most complex in U.S. watersārequired more than 3 million collective manhoursā¦
Self-driving 'Roboats' Ready for Testing on Amsterdam's Canals
Visitors to Amsterdam may soon spot a self-driving watercraft the size of a small car cruising silently through its ancient canals, ferrying passengers or transporting goods or trash.It will be the electric-powered "Roboat", a catchier name than "autonomous floating vehicle" for a project shortly due to start test journeys aimed at improving the crowded city's transport options."We have a lot of road traffic and congestionā¦
Baltic Dry Index Drags
The Baltic Exchange's dry bulk sea freight index fell to a one-and-a-half month low on Wednesday and posted its biggest daily percentage fall since January, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 248 points, or 6.1%, to 3,808, its lowest since Sept. 9.The capesize index shed 476 points or about 9% to 4,828, a trough since Aug.
Damen Wins Repeat CSD Order from Vale Verde
Brazilian company Constructora Vale Verde has placed a repeat order for a cutter suction dredger, type CSD350, with Damen Shipyards. This dredger is a sister vessel to the Amsterdam, which was delivered in 2019. The first CSD350, Amsterdam was delivered and transported just before the global outbreak of COVID-19. In a world where the pandemic had fortified frontiers and created nearly unsurpassable barriersā¦
Chinese Coal and Iron Ore Imports Down from Last Year-BIMCO
Despite the very strong freight rates and the apparently tight market, the all-important driver for dry bulk shipping, China, has in fact seen imports of its two largest dry bulk commodities shrink year-on-year so far this year. The two largest imported commodities for China, iron ore and coal are however, interestingly on two different trajectories, as the latter could be ending the year with higherā¦
Japanese Trio Connects on Project to Reduce Methane Slip by 70%
As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip as an area of study via its "Development of Methane Slip Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines", with Hitachi Zosen servingā¦
LA, Long Beach Announce Fees for Lingering Boxes
America's top container ports Los Angeles and Long Beach are cracking down on ocean carriers whose containers linger on terminals as clogged U.S. seaports struggle to keep up with record box volumes.Under the new policy, developed in coordination with the Biden-Harris Supply Chain Disruptions Task Force, U.S. Department of Transportation and multiple supply chain stakeholders, and set to take effect November 1ā¦
Two-year Charter for Havila Subsea Vessel with Reach Subsea
Subsea services firm Reach Subsea has awarded a contract extension for Havila Shipping's Havila Subsea IMR, survey, and construction vessel.The contract is for aā¦
ABB Unveils Automation Solution for Ships
ABBās newly launched C-CAMs marine automation solution applies to vessel systems, power management, cargo control and tank gauging, designed to improve efficiency and safety by enabling faster troubleshooting and maintenance as well as enhanced situational awareness. It also features a mobile application overview of system data, with the ABB Ability Edgenius Operations Data Manager providing accessā¦
