UNCTAD Lists Seven Key Trends Shaping Maritime Transport
UNCTAD’s Review of Maritime Transport 2018 identifies seven key trends that are currently redefining the maritime transport landscape and shaping the sector’s outlook.These trends, presented in no particular order, entail challenges and opportunities which require continued monitoring and assessment for effective and sound policymaking.1) ProtectionismOn the demand side, the uncertainty arising from wide-ranging geopolitical…
Grieg Star Acquires Star Majesty
Norwegian shipping company Grieg Star has acquired a semi-open hatch vessel on the 25th of September. Her name is Star Majesty.Star Majesty was formerly known as Samos Majesty. "She is a sister of the Star Minerva, and thus a vessel type Grieg Star knows well and appreciates as efficient and reliable," said a press release from the company."We are really happy we have been able to conclude this deal.
Damen's Appoints de Leeuw as RoPax Sales Director
Damen Shipyards Group has appointed Chiel de Leeuw to the newly-created position of Sales Director RoPax, as the shipbuilder makes strides to expand into the design and construction of larger, one-off vessels in the offshore, cruise and RoPax sectors.In his new role, de Leeuw will be responsible for creating new business in the RoRo and RoPax markets for vessels over 120 meters in length.The new role was created to allow an experienced individual to focus on these large…
SunStone Orders Second Expedition Cruise Ship
U.S. based SunStone Ships has exercised an option to order a second expedition cruise vessel to be built in China and scheduled for delivery in August 2020.The new order comes under a design and equipment contract SunStone signed with Ulstein Design & Solutions AS in 2017 that included options for up to nine X-BOW expedition cruise vessels. Ulstein, whose contract is with the China Merchants Group (CMG)…
INSIGHTS: Thomas S. Chance, Chief Executive Officer, ASV Global
Thomas Chance founded C & C Technologies in his home in 1992. Today C & C is a global oil field surveying and mapping company with more than 550 employees in ten offices worldwide. C & C was the first company in the world to offer autonomous underwater vehicle (AUV) survey services to the oil industry and remains a world leader in the field. In April of 2015, he sold C & C Technologies to Oceaneering International. Complementing the autonomous underwater vehicle business, Mr.
ClassNK: New Guidelines for Vehicles Carriers
Classification society ClassNK has released its Guidelines for Vehicles Carrier Structures, specifying the technical requirements specifically related to the structural strength assessments of vehicles carriers by using direct calculation.Vehicles carriers are designed with a minimum number of transverse bulkheads and partial bulkheads in order to increase cargo handling efficiency as well as to permit more vehicles to be loaded on board…
New Thruster Solutions Developed for Arctic Shipping
A team of European marine research institutes and companies have developed creative technologies for thruster solutions that are specifically engineered for ships operating in the Arctic.With the new solutions created under the three-year ArTEco project led by Finland's VTT and Wärtsilä, thruster lifetimes can be increased, their maintenance need can be decreased and their reliability improved, particularly in extreme conditions…
IMO Commemorates Sanchi Victims
International Maritime Organization (IMO) Secretary-General Kitack Lim visited the Islamic Republic of Iran to participate in a ceremony to commemorate seafarers who lost their lives aboard the Iranian-owned oil tanker Sanchi earlier this year.He visited Iran also to participate in the country's national celebration of World Maritime Day (8 September) and met met the Minister of Foreign Affairs, Dr.
Chelsea Logistics Buys Two Vessels
Philippine-based Chelsea Logistics Holdings (CLC), wholly owned subsidiary of Udenna Corporation, added two new ships to the company’s existing fleet of 83 as part of its expansion program.CLC inaugurated the M/T Chelsea Providence and M/V Salve Regina at the Manila North Harbour Port, the two vessels that CLC bought with an investment worth around $50 million.Manila Standard quoted CLC founder and…
Singapore Conducts Oil Spill Exercise
The Maritime and Port Authority of Singapore (MPA) conducted a multi-agency Joint Oil Spill Exercise (JOSE) yesterday (Friday) to test its abilities to respond to oil spills at sea. A mock collision and oil spill was staged in Singapore waters near Pulau Semakau in a response exercise.More than 250 personnel from 26 agencies participated in JOSE 2018 (please see Annex A for list of agencies), which comprised a table-top exercise at the MPA’s Port Operations Control Centre.
Alfa Laval to Suppy Pumping Systems for China-built FPSO
Swedish company Alfa Laval has won an order to supply Framo pumping systems to an FPSO (Floating Production, Storage and Offloading) vessel to be built in China.The provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling said in a press release that the order has a value of approximately SEK 70 million ($7.72 mln).It was booked late September in the Pumping Systems unit of the Marine Division…
TeamTec to Market Oceansaver BWTS
Last month (September) marked one year with TeamTec Oceansaver. Following the bankruptcy of the former OceanSaver AS in September 2017, TeamTec gained control of Oceansaver BWTS.TeamTec provides service and spare parts to existing customers with an Oceansaver ballast water system, as well as offering new IMO and USCG approved systems. “It has been a very exciting year since we got Oceansaver BWTS on our hands”…
Cenotaph Honoring Hirano Maru Sailors
On October 4, an unveiling ceremony was held in Wales, U.K., for a cenotaph honoring the sailors of Hirano Maru, a cargo-passenger ship sunk by a German U-boat exactly 100 years ago on October 4, 1918, a month before the armistice.Keiji Kubota, executive vice president, chief operating officer of NYK Group Europe Ltd. attended the event and offered his deepest compassion for the repose of the souls of all those who perished…
European Shippers Call for Action Against Unfair Trade
European Shipowners and Maritime Technology Industry call for decisive actions against unfair trade practices and in favour of global playing field.The European Shipyards and Maritime Equipment Association SEA Europe and the European Community Shipowners’ Associations (ECSA) welcome the recent statement of EU Trade Commission Cecilia Malmström against unfair trade practices in the Far East.The trade…
Belships to Merge with Lighthouse Group
Norway-based bulk ship operator Belships has signed a merger plan with the Lighthouse Companies.Belships ASA has announced a merger between certain subsidiaries of Kontrari (the Lighthouse Companies) and one or more subsidiaries of Belships with consideration in Belships shares.A reference is made to the stock exchange announcement made by Belships on 6 July 2018 regarding the acceptance by Sonata of an offer from Kontrari AS and Kontrazi AS relating to a contemplated sale of 14…
Wärtsilä to Supply Marine Simulators in Southampton
Wärtsilä has been selected to provide a full scope of marine simulators for a new training facility at Solent University’s Warsash School of Maritime Science and Engineering, located in Southampton, England.Scheduled to complete in spring 2019, it will be the largest marine simulation training center in the U.K. The contract with Wärtsilä, which was booked in September 2018, is linked to a five-year…
UK Spurs Autonomous Shipping Development
The autonomous and smart shipping industry is set to receive a boost, after the Maritime & Coastguard Agency (MCA) and the Department for Transport (DfT), in collaboration with the National Oceanography Center’s (NOC) Marine Robotics Innovation Center, successfully secured £1 million in a bid to accelerate the U.K. into a world-leading position in this area.The funding, awarded by the U.K. Government’s Department for Business…
US Actively Considering Waivers on Iran Oil Sanctions
The United States is "in the midst of an internal process" of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said on Friday.The Trump administration, which withdrew from a deal over Tehran's nuclear program in May, is reimposing sanctions on Iran's crude oil consumers on Nov.
Baltic Index Weighed Down by Weaker Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell on Friday, dragged down by weaker demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 18 points, or 1.2 percent, to 1,536 points.* The capesize index dipped 67 points, or 3.1 percent, to 2,081 points.* Average daily earnings for capesizes…
Keppel O&M Bags Stolt-Nielsen Order for Two More LNG Carriers
Keppel Singmarine has signed two additional contracts with Stolt-Nielsen Gas B.V. (Stolt-Nielsen Gas) following the exercise by Stolt-Nielsen Gas of its options to build two additional small-scale LNG carriers worth a total of around S$105 million (USD 75.9mln).Keppel Singmarine is a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M).Three options were granted to Stolt-Nielsen Gas as…
