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Ship Owner

Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance. This strategic partnership will ensure the supply and delivery of LNG to ship owners utilizing CME’s Emissions Compliance Service Agreement (ECSA) to convert to cleaner fueling. The WesPac/CME integrated solution represents a significant step in the evolution of LNG as a marine fuel. The partnership is able to provide both the funding required for LNG conversion as well as the infrastructure for LNG supply and delivery. Conversion to LNG while financing the up- front investment provides the economic benefit of LNG fueling to ship owners without capital deployment, and ensures compliance with ECA regulations taking effect on January 1, 2015. Pace Ralli, CEO and Co-Founder of CME, explained: “The first question every ship owner asks is ‘Where will I get the LNG?’ because if they cannot ensure the future delivery of LNG then they will not see the investment payback. CME’s partnership with WesPac provides the answer to this question and greatly simplifies the decision to convert to clean, lower-cost LNG fuel.”


Statoil Awards Contracts to Five Ship Owners

Skandi Mongstad at the Norne field (October 2013). File Photo: Statoil

 Norwegian oil firm Statoil has awarded contracts to five separate ship owners. The award by Statoil covers seven supply vessels at a total contract value of NOK 3.1 billion (USD 370 million), including options.   All vessels will be equipped with hybrid battery operation, and the possibility of shore power connection.    “We look forward to a long-term cooperation with the chosen ship owners


Bio-Sea and Ocean Clean Organize Seminar

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On August 2013, BIO-SEA, in cooperation with its German Partner Ocean Clean from the Kloska Group, organized a seminar on ballast water treatment systems, in Hamburg-Germany in which worldwide ship owners and engineering companies participated. The aim of the seminar was to raise awareness on the BIO-SEA BWT systems. It  allowed the share of information and experience among the participants. Bio-Sea said its partner Ocean Clean will be able to provide German ship owners with turnkey


ABB’s Norway Integrated Ops Center

Photo courtesy of ABB

ABB has unveiled a new Integrated Operations Center which allows ship owners to take greater control of their fleet from shore.   From the center, situated in Billingstad in Norway, its expert engineers can connect to any vessel anywhere in the world which is fitted with ABB technology. Sensors and software onboard the ship send equipment and performance data via satellite link which allows ship owners, in collaboration with ABB’s experts


World First: Greek Ship Owner Awarded Carbon Credits

Carlos Soler, AkzoNobel’s Business Director for Southern and Eastern Europe (left) presenting 13,735 carbon credits to Costas Mitropoulos Neda Maritime Co Ltd’s Technical Director (Photo: AkzoNobel)

Neda Maritime Agency, a  Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business.   A total of 13,375 carbon credits, potentially worth around $60,000, have been presented to Neda Maritime via the program.  Launched in 2014, it is reported to be the first scheme of its kind that financially rewards ship owners for using sustainable hull


Greece Crisis Threatens Nigerian Ship Owners

Image: Nigeria Shipowners Association

 There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria.   Recently, some ship owners Association has signed a Memorandum of Understanding MoU with Greek ship owners whereby 40 ships of various tonnages and class will be brought into Nigeria’s Coastal and Inland Shipping Cabotage trade on a bareboat charter arrangement.  


Editorial: BWTS. Like it or Not, Here it Comes

Gregory R. Trauthwein  Associate Publisher & Editor

With age comes perspective, and in my 20 plus years reporting on this industry I have seen my fair share of regulation that has served to ‘raise the hackles’ of ship owners. It is quite simple really; new regulation often means new procedure, new design, new equipment and new costs. With the possible exception of the new rules in the wake of the Exxon Valdez which mandated double hulls on tankers, the Ballast Water Management System issue is the most acrimonious debate I have


Hyundai Heavy Industries to Build 'Connected Smart Ships'

Collaboration will help shipbuilding company offer built-in digital technologies to improve operational efficiency and decision making processes for ship owners   Shipbuilder Hyundai Heavy Industries is collaborating with technology service provider Accenture to design a ‘connected smart ship’ that aims to enable ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies.  


OW BUNKER Says Outsourcing Model Is Natural Evolution For Fuel Supply

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Outsourced relationships with ship owners/operators can drive further efficiencies within operations   OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today stated that outsourcing fuel procurement is a natural evolution within the shipping industry as ship owners and operators look to maximise efficiencies and reduce costs within their operations. Speaking at the Bunkerworld 2011 Conference in Athens, Lars Henrik Hejlesen, Sales Development Manager


Impact of Financial Crisis on Greek Shipping

 Image: Reinventing Greece Media Project

 Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday.   Greeks have said No to austerity terms imposed by international creditors, which could have led to the releasing a package of fresh financial aid which could help in the long battle to keep Greece afloat.   


Shell's Integrated Lubrication Solutions for World's Largest Box Ship

Photo courtesy of Shell

Orient Overseas Container Line (OOCL) has appointed Shell Marine to provide its integrated marine solutions, which include lubricants and services for OOCL Hong Kong. OOCL Hong Kong, currently plying routes between Asia and Europe, is the latest vessel to claim the title of ‘world’s


Bureau Veritas, Ascenz Partner on Ship Performance Monitoring

© Sergei Simonov / Adobe Stock

 Bureau Veritas and Singapore based Ascenz have signed a memorandum to provide ship performance and monitoring solutions to ship owners worldwide.   The agreement will enable Bureau Veritas to offer Shipulse, Ascenz’s solution for real time ship performance and monitoring


Rolls-Royce Inks Service Deal with Siem Offshore, Subsea 7

Photo: Rolls-Royce

Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider.  


Bureau Veritas Launches Ballast Water Management Platform

Photo: Bureau Veritas

As the Ballast Water Management (BWM) Convention’s D1 September 8 deadline looms, ship owners must secure International BWM Certificates and approved BWM plans for their ships. Bureau Veritas said it is addressing the challenge with its new platform


Great Ships of 2017: Nominate Your Ship

Image: Maritime Reporter & Engineering News

The December 2017 edition of Maritime Reporter & Engineering News -- the world's largest circulation b2b maritime publication -- is preparing once again for its anticipated Awards Edition, Great Ships of 2017. Ship owners, ship builders


COMSAT Announces Maritime Cybersecurity Programs

COMSAT teleport at Santa Paula, CA.  (Photo: COMSAT)

Following a June 16, 2017, decision by the International Maritime Organization (IMO) that requires ship owners and managers to incorporate cyber risk management into safety management systems established by the ISM Code, COMSAT has announced its suite of cybersecurity solutions for the maritime


Royal Caribbean to Install NavBox Across Entire Fleet

Photo: Royal Caribbean Cruise

Royal Caribbean Cruises Ltd (RCC) has signed a deal with NAVTOR to install the NavBox navigation solution across its entire corporate fleet of 49 vessels, in a deal which spans RCC's six different operating companies. E-navigation specialist NAVTOR launched NavBox in 2013


Environmental Ship Index to Evaluate CO2 Performance

Photo: Port of Antwerp

 As of 1 July 2017, the Environmental Ship Index (ESI) started evaluating performance in the field of CO2, says a press release from Antwerp Port Authority.   To date, only the environmental performance of ships on emissions of air pollution (NOx and SOx) were assessed.   


EU Needs to Address Decommissioning of Floating Oil and Gas Structures

Photo: EESC

 A joint event between the European Economic and Social Committee (EESC) and three Green Members of the European Parliament highlighted the paradox between the strict rules under OSPAR for the decommissioning of fixed oil platforms from the North Sea with the rules that govern the recycling


Partners to Establish Digital Platform to Create Future Ships

Photo: Rolls-Royce

Rolls-Royce, The Norwegian University of Technology Science (NTNU), research organization SINTEF Ocean and classification society DNV GL have signed a memorandum of understanding (MoU) with the aim of creating an open source digital platform for use in the development of new ships.  


Ferus Smit Launches Arklow Cliff

 Dutch shipbuilder Ferus Smit said it has launched M.V. Arklow Cliff, the fifth vessel in a series of 10 to be delivered to Irish ship owner Arklow Shipping.   The vessel, Ferus Smit newbuild #428, was launched June 30 at the builder’s Westerbroek yard.  


d’Amico's Entire Fleet is MRV Compliant

Cielo di Salerno (Photo: d’Amico Group)

RINA Services has verified that the entire fleet of the d’Amico Group has met the Monitoring, Reporting and Verification of CO2 emissions Regulation (MRV) requirements according to EU 2015/757 Regulation. The fleet comprises 36 vessels which are managed by d’Amico Società di


d’Amico Chooses Sealink Premium Plus VSAT

Photo: d’Amico Group

Telemar and Marlink to bundle VSAT, L-Band and XChange Universal Remote Access to improve on board IT network support    Italian ship owner and long-term Telemar customer d’Amico Group has selected Marlink’s Sealink Premium Plus VSAT service to enhance connectivity across


Ballast Water Convention Fate in the Balance -Coldharbour CEO

Andrew Marshall (Photo: Coldharbour)

Delegates at the IMO’s Marine Environment Protection Committee 71, due to gather in London during the first week of July, may well have the last chance to ensure that the long-delayed Ballast Water Convention is implemented, as intended


Deltamarin Targets Better Ship Efficiency

Image: Deltamarin Ltd

Deltamarin said it aims to help ship owners and operators boost vessels’ energy efficiency with its new smart simulation tool, offering several items with significant fuel saving potential (3-6 percent of total fuel costs).   Deltamarin’s “Energy and Environmental






 
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