Man-Made Island Proposed for LNG Terminal
Atlantic Sea Island Group, announced that they have received notification from the United States Coast Guard that their application to create an LNG deepwater terminal on a 60.5 acres constructed island 13.5 approximate miles south of Long Beach, Long Island, has been deemed "complete" and allows the regulatory, oversight and review process to continue pursuant to federal regulations. Far from population centers and outside of vital shipping lanes, Safe Harbor Energy will have the capacity to deliver 2 billion cubic feet of natural gas each day to 65 million consumers, ending the area's dependence on natural gas shipped up from the Gulf Coast some 1,200 miles away.
VT Chairman Outlines Venture with BAE Systems
In a statement provided with the company's Preliminary Results , VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured. He said "We announced in December 2006 that we had entered into discussions with BAE Systems to combine our respective surface shipbuilding and naval support businesses, including Fleet Support Limited (FSL)
Reservoir Names MD for Well Intervention
Reservoir Group announced the appointment of Fraser Louden as managing director of its well intervention and measurements business. Acting as the Group management team’s interface with its growing portfolio of companies, Louden joins from an executive advisor role at FMC Technologies and previous expertise at READ Well Services Ltd., where he held key roles, including chief executive officer, vice president, business development manager and R&D manager.
Ship Service Provider GAC Announces Senior Appointments
The GAC Group announces key management appointments for its head office and local operations in Oman and the United Kingdom. Group Vice President for Human Resources Jan Farnelid will retire on 31 August and take on a consulting role with the Group until the end of the year. Since 2004, Jan has successfully implemented HR policies and initiatives that underline the importance of GAC’s focus on human capital as a key enabler of its expansion strategy.
Dubois Appointed CFO of CMA CGM Group
CMA CGM Group announced the appointment of Olivier Dubois as Group Chief Financial Officer. He will replace Jean-Yves Schapiro who has decided to take on new challenges outside the shipping industry. Olivier Dubois graduated from ESSEC Business School in 1976 and IEP Paris (Business Administration) in 1978. His experience has spanned over 30 years: from 1980 to 1991 at Banque Paribas; from 1991 to 2002, Director and Executive Officer in charge of Administration, Finance, Tax, IT
Kongsberg EM2040 dual head at MMT Group
MMT Group announce acquisition of a new Kongsberg EM2040D. The EM2040 dual head system has recently been installed on MMT’s survey and ROV vessel IceBeam. This is the first highly developed multibeam echo sounder to combine all of the advanced features of deepwater echo sounders to the near-bottom sounding environment. Such features include: 1. Dual swath per ping to maintain a high survey speed
CMA CGM Launches West African Service
The CMA CGM Group announced the launch of a new service, WAZZAN, joining Morocoo to North West Africa, and improving the container shipper’s Intra African coverage. The CMA CGM Group said the new service improves transit time between Mauritania, Senegal and Morocco by eight days, with previous transshipment calls being replaced by direct ones. In addition, a new direct call, from North West Africa and to Morocco, in Las Palmas is introduced
Ocean Conservancy and NAMEPA Partner to Fight Marine Debris
NAMEPA (North American Marine Environment Protection Association) and the Ocean Conservancy signed a memorandum of understanding (MOU) this month, the two group announced in a press release. The agreement aims to foster a collaborative effort that encourages marine pollution prevention, advocates for sensible and sustainable marine environmental practices, and heightens public awareness of impacts and mitigation techniques of marine pollution.
NOL Group Orders New Container Ships
Global shipping and logistics company NOL Group announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014. It has also signed a letter of intent for two 10,700-TEU vessels. The total consideration is approximately $1.2b. The ships will be constructed by South Korea-based Daewoo Shipbuilding & Marine Engineering Co. The two organizations signed a contract for construction of the 8
CMA CGM Service Resumes Through Haiti
Having been involved in the relief effort since the earthquake struck Haiti, the CMA CGM Group announced that it has resumed a regular service between Port-au-Prince and Kingston in Jamaica. On February 7th, a 516 teu capacity CMA CGM feeder vessel made a call to Port-au-Prince as an extension of its Europe-Caribbean Service (ECS). A second call was made on February 15th thanks to the 400-ft long floating dock that has recently been installed at the Haiti Terminal
Crowley’s Solutions Group Reorganizes
Crowley Maritime Corp.’s solutions group announced that it is reorganizing and establishing new leadership to better serve customers in need of engineering, project management and government services. Solutions is the company’s dedicated, full-service engineering, project management and government services team, reporting to Crowley’s Todd Busch, senior vice president and general manager, technical services.
CMA CGM Merges Multimodal Subsidiaries
The CMA CGM Group announced it will merge its subsidiaries MacAndrews and OPDR effective January 1, 2018., in line with the Group’s strategy to develop its intra-regional activities Headquarters will be located in Hamburg. The union between these two companies specialized in intra-European transport enables the CMA CGM Group to strengthen its multimodal offer in Europe, particularly thanks to the complementarity of the geographical zones covered today
MOL Plan to Build New HQ
MOL Group announced its plans to relocate its corporate headquarters by 2021 to MOL Campus, the company’s new 83,000 sqm office, which will be designed by one of the most renowned architectural studios in the world, the UK-based Foster + Partners. The 120-meter high building, which will be the future workspace for up to 2500 employees, will be located on the banks of the Danube in the southern part of Budapest, close to the current HQ building.
MOL Group Upgrades its 2017 Target
MOL Group announced a net profit of HUF 183bn (USD 639mn) for the first half of the year, which is the highest in 10 years. All business segments increased their earnings implying a 23% growth of Clean CCS EBIDTA in comparison with the same period last year. MOL has also reached a significant milestone in its petrochemicals transformation journey set out in the 2030 strategy through the signing of key licencing contracts for its flagship Polyol Project.
V.Group Appoints Ian El-Mokadem as CEO
UK-based ship management company V.Group announced the appointment of Ian El-Mokadem as Chief Executive Officer and Martin Gaard Christiansen as Chief Commercial Officer. Both will assume their positions in the autumn. Ian joins from Exova, the global provider of technically demanding testing, calibration and related advisory services, where he served as Chief Executive for the last six years.
Paragon Offshore Comes Out of Bankruptcy
Paragon Offshore Group announced that it has emerged from bankruptcy after completing a restructuring that eliminated USD 2.3 billion of debt. The successor company to Paragon Offshore PLC , which filed for bankruptcy in February 2016 with USD 2.96 billion of debt, also named a new board of directors. The search for a new CEO is underway. "The plan of reorganization under chapter 11 of the United States Bankruptcy Code substantially de-levers the company’s
GOGL Takes Two More Vessels from Quintana
Golden Ocean Group (GOGL) said it has taken delivery of additional two vessels, Q Myrtalia and Q Shea, from Quintana Shipping in exchange for 1.95 million consideration shares. A statement from the company said: "Reference is made to the stock exchange notice dated March 14, 2017 where Golden Ocean Group announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the Company will issue in aggregate 17
MOL Group Q1 Shows Robust Earnings Growth
MOL Group announced its financial results for Q1 2017 in which all business segments – Upstream, Downstream, Consumer Services, Gas Midstream – managed to increase their contributions compared with the same period of the previous year. Upstream EBITDA surged year-on-year by 50% and reached USD 219mn capitalizing on higher oil prices and the very competitive asset base. Production remained stable at 111,500 barrels of oil equivalent per day.
Hyundai Heavy's New Orders Tallied at USD 2.3 bln
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced today that it won 39 ships worth $2.3 billion for January – April period, which is the largest ship orders for the comparable period in three years. HHI Group won 18 ships worth $900 million in April alone. Since the orders include options exercisable by owners to order additional same or similar class vessels, the total orders in April will amount to 31 ships worth $1.5 billion.
Oldendorff Driving Digital Transformation
Oldendorff Carriers and BMT SMART, a subsidiary of BMT Group, announce a new agreement which has led to the roll out of fleet performance management technology onboard Oldendorff vessels. Based on BMT’s on board data collection system and bespoke shore based management solution SMARTFLEET, this collaboration is centered upon driving down the carbon footprint of each vessel and improving the overall efficiency of the fleet.
Hyundai Heavy Union on Path to Strike
The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region. According to Yonhap News Agency reports the other reason for the industrial strike was failed wage negotiations. Although 15,000 union members were invited to take part in the eight-hour strike
New Total Lubmarine Head Shares His Vision
Robert Joore, the new General Manager of marine lubricants supplier Total Lubmarine, has laid out his vision for the company, focusing on developing a range of innovative solutions for ship operators operating in poor freight markets in a low-sulphur era. Speaking at the company’s headquarters in Paris, Joore said, “Total Lubmarine believes that innovation is the key to success. In 2017 we will continue to invest heavily in developing a generation of marine lubes
First TTS Shipset Delivered to COSCO Shanghai Shipyard
TTS Group announced the delivery of the first of four shipset of TTS deck equipment to COSCO Shanghai Shipyard. In April 2015, Shanghai Shipyard Co. Ltd., part of the China State Shipbuilding Corporation (CSSC), ordered various TTS deck equipment for four 28.000 DWT Multipurpose Heavy Lift Vessels. The first official hand over took place this week end. The vessels are part of the ongoing fleet extension program of China Ocean Shipping (Group) Company (COSCO)
CMA CGM Opens Navigation Hub in Singapore
CMA CGM Group, a leading worldwide shipping group, announced the opening of its Navigation and Port Operations Center in APL’s corporate headquarters in Singapore. A ceremony was held on the presence of Rodolphé Saadé, Vice-Chairman of the CMA CGM Group. CMA CGM chose Singapore to implement this Navigation and Port Operations Center, a critical navigation support unit of the group’s vessel operations.
New Fast Rescue Boats for P&O Ferries
Survitec Group announced that P&O Ferries have installed two new Survitec BRUDE Explorer-720 fast rescue boats onto their vessels, the Pride of York and the Pride of Bruges operating on the North Sea route between Hull and Zeebrugge. The BRUDE Explorer-720, an innovative and efficient fast rescue boat, is 7.4m in length and has proven reliability, maneuverability and sea-keeping abilities, Survitec said. It is perfect for search and recovery, dive support and workboat duties