LR to Class Entire NORDEN Fleet
Thirty-two ships will be transferred to Lloyd’s Register Class as part of the agreement that covers 57 ships including NORDEN’s entire fleet Ship operator Dampskibsselskabet NORDEN A/S, based in Copenhagen, has contracted LR to class 57 ships, including the full NORDEN fleet and other externally managed NORDEN owned ships. Thirty-two of the ships in the agreement will be transfer of class (ToC) ships and includes nine new ships which will transfer to LR upon delivery. Four ships are currently classed by LR and 16 externally managed ships will also be transferred to LR as part of this agreement. The ToC of NORDEN’s fleet started with the entry of product tanker NORD MERMAID into LR class. LR’s Copenhagen based Marine Client Manager, Flemming Kjeldsen, commented, "Our good working relationship with the client and the in-house capabilities we have here in Copenhagen to consistently support them was essential in securing the contract. Classing ships like bulkers and tankers and providing day-in, day-out service delivery is our key activity. We are here to help make sure NORDEN ships can trade as safely and efficiently as possible, taking every care to support them in their business goals."
More Ships to Bangladesh Shipbreakers
CTG ship-breakers import 42 large ships in last two months Chittagong-based ship-breakers imported 42 large-sized recyclable ships in February and March this year at a cost of US$ 45 million, according to Jasim Khan's news report in the Financial Express. Industry sources said the ships will be able to supply about one million tonnes of MS rod -- a major construction material -- against the annual national demand for four million tonnes.
DG Shipping Recalls 27 ONGC Supply Vessels
The Directorate General of Shipping (DG, Shipping) has asked India’s biggest oil explorer Oil and Natural Gas Corporation (ONGC) to recall 27 of its 46 supply ships for undergoing safety audits immediately. The DG Shipping directive, which could lead to the disruption in oil production, has come within days after an ONGC-chartered ship, Samudrika-10, sunk off the Mumbai coast, killing five people on board. In a notice dated July 11 to ONGC
Navy Awards Contract for Auxiliary Cargo and Ammunition Class(T-AKE)
On October 18, 2001, the Naval Sea Systems Command (NAVSEA) announced the award of a $406.9 million competitive contract for the detailed design and construction of the lead ship of the T-AKE Auxiliary Cargo and Ammunition Class to National Steel and Shipbuilding Company (NASSCO) of San Diego, Calif. Major subcontractors are IMECO of Iron Mountain, Mich.; Hopeman Brothers Marine Interiors of Waynesboro, Va.; Alstom Power Conversion Inc. of Philadelphia, Pa.; B.F
GL Bolsters Support of Green Ship Recycling in Asia
Hamburg/Shanghai, 3 May 2011 - Germanischer Lloyd (GL) has recently intensified its efforts to help shipyards, ship owners, suppliers and recycling facilities in Asia to comply with the forthcoming International Convention for the Safe and Environmentally Sound Recycling of Ships ("Hong Kong Convention"). Two well-trained GL ship recycling experts are now stationed in China and Singapore respectively, offering all stakeholders a full range of services including certification
Varun Splits into Two
Mumbai-based shipping firm Varun Shipping Co. Ltd will be split into two listed entities after the Bombay high court approved a demerger scheme. The Company announced that according to the Composite Scheme of Arrangement and Amalgamation, the Company will be split into two separate listed entities, namely, Varun Global (ship management and shipping investment business) and Varun Resources (shipping business).
S&P Cuts MC Shipping Outlook To Negative
Standard & Poor's has revised the outlook on MC Shipping Inc. to negative from stable. At the same time, the company's single-'B' long-term corporate credit rating and single-'B'-minus senior unsecured debt rating were affirmed. The rating on MC Shipping reflects the shipping industry's below-average characteristics, and the company's weak financial profile. MC Shipping is part of the Vlasov Group-a major ship-owning and ship-management group
Moore Stephens Urges Consistent
Approach to Shipping Taxation Moore Stephens said it is important the UK government does not introduce changes in next week's Budget which would adversely affect the UK shipping sector. Noting that UK shipping is in a positive mood after years of decline, Moore Stephens says that positive moves must not followed by negative ones, particularly given the long-term nature of shipping investment. The government's pre-Budget report last December contained no specific proposals that might
Thoresen Shipping goes to Middle East
The dry bulk shipowner Thoresen Shipping rolled out new subsidiary Thoresen Shipping Arabia as part of its expansion plan to the Middle East With a new office in Dubai for Thoresen Shipping Arabia DMCC, the dry bulk shipping company Thoresen Shipping announced its explansion to the Middle East. The office will be led by Baard Osland, a dry bulk shipping industry veteran. A press statement from Ian Claxton, managing director
NGO Slams Shipper but Four Alang Recyclers Go Green
The NGO Shipbreaking Platform and Transport and Environment (T&E) have criticized Maersk Group’s decision to beach their end-of-life vessels in Alang, India. But, Four of the 167 ship recycling yards have won compliance status with a global regime that seeks to ensure that redundant ships are disposed of safely and in an environmentally sound manner, says a report in the Livemint. The recycling yards are located on the coast of Alang-Sosiya in Gujarat’s Bhavnagar
Suez Canal Revenues Fall
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and SCZone (Suez Canal Economic Zone) Mohab Mamish said that that the number
Rosneft Orders Ten More Arctic Shuttle Tankers at Zvezda
Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time Rosnefteflot and Taimyrneftegaz signed an agreement for 20 year time chartering of these tankers. Each tankers will be with 42,000 t deadweight each. ARC7 ice class tankers are designed for operations in the conditions with ice thickness up to 1
Corvus to Power Hybrid Fish Farm Processing Vessel
Corvus Energy has been selected by Wärtsilä as the supplier of a lithium ion based energy storage system (ESS) for the world’s first full service hybrid fish farm processing and transport vessel. The Orca Energy ESS from Corvus will supply electrical power to the vessel's propulsion system to enable environmentally-friendly and lower cost operations. Wärtsilä has been contracted to deliver the ship design and hybrid propulsion system for the vessel to be built at
Seatruck Installs BWTS during Normal Service
When the time came to select ballast water treatment systems for retrofit on board its vessels, freight ferry operator Seatruck opted for the Optimarin Ballast System (OBS) for its ships, citing ease of installation, reliability, cost efficiency and complete regulatory compliance as deciding factors. The roll-on roll-off (RoRo) cargo specialist went on to install five systems itself while its vessels were undertaking normal operations – no dry dock required.
Wren Completes Isle of Man Steam Packet Company Deal
Liverpool marine fabrication firm Wren Industrial has manufactured and installed a collection of new water-tight and fire-rated doors for leading UK ferry operator Isle of Man Steam Packet Company. The welding and fabrication specialist has a long-standing relationship with the famous ferry firm, which is renowned as the oldest continuously operating passenger shipping company in the world - founded in 1830. The latest contract involved ‘through-night’ door maintenance
The Nautical Safety Profile
MARIN is working together with the industry to develop the Nautical Safety Profile for operations and risk management. Liquefied natural gas (LNG) is increasingly being used as an alternative fuel, both at sea and on land, to reduce pollution from transportation. In 2011 the first LNG carrier arrived at the Rotterdam Gate terminal, and last year the terminal was upgraded to facilitate the transfer of LNG to shuttle tankers
Containership Receives a Special Welcome
The world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port. On October 16, EUROGATE welcomed the 21,413 TEU OOCL Germany at its container terminal in Wilhelmshaven, where employees had arranged containers on the stowage area to write out the ship’s record-setting TEU capacity. “Although we are in the meantime witnessing the world’s largest container vessels at Wilhelmshaven on
Southampton Marine Services Delivers Svitzer Merlin
U.K. shipbuilder Southampton Marine Services said it has delivered a newly constructed 20.45-meter multipurpose harbor workboat to Svitzer. The new vessel, named Svitzer Merlin, is the forerunner in Southampton Marine Services’ new Bulldog workboats range. A Bulldog 20, the workboat is a repeat Svitzer order for Southampton Marine Services, being similar to the Middlesbrough-based Svitzer Leven.
Spotlight on Maritime Security at Mexico Workshop
Mexican port security officials have undergone training on complying with International Maritime Organization (IMO)'s International Ship and Port Facility Security (ISPS Code). Forty participants took part in the workshop in Manzanillo, Mexico (16-20 October), focusing on the practise of self-assessing compliance with regulations under the Code that apply to port facilities. The workshop included theoretical lessons
Victor Restis Buys Stake in Globus Maritime
Globus Maritime Limited, a dry bulk shipping company, announced that it has signed a share and warrant purchase agreement providing for the issuance, for gross proceeds of $2.5 million in a private placement to a private investor. The Company intends to use the proceeds from the sale of common shares and warrants for general corporate purposes and working capital. Georgios Feidakis, Globus's Chairman
HMAS Hobart Sets Sail
HMAS Hobart has “slipped her lines” and set sail for the first time since commissioning on 23 September 2017. Her departure from Fleet Base East, Garden Island, Sydney on Wednesday heralded the much anticipated return to sea for the Guided Missile Destroyer (DDG) of the Royal Australian Navy. During her journey to and from Jervis Bay on the New South Wales south coast, HMAS Hobart’s ship’s company will perform a series of exercises to test core
Alpha Bank Securitize Shipping Loans
Greece's Alpha Bank has successfully completed its second financing transaction of $250 million through shipping securitization with Citi, following the inaugural shipping securitization issuance of $500 million in 2014. "Alpha Bank has successfully completed its second financing transaction of USD 250 million through shipping securitisation with Citi, following the inaugural shipping securitisation issuance of USD 500 million in 2014," said a press statement.
Exercise Enhances Maritime Security
Exercise LUMBAS is an annual bi-lateral exercise between the Australia and the Philippines, and is being undertaken concurrently to the Royal Australian Navy’s visit to the region. The long standing and close working relationship between Australia and the Philippines was reinforced with amphibious giant, HMAS Adelaide hosting a visit and capability briefing to participants. Royal Australian Navy, Philippine Navy and other Philippine Government Agencies aim to develop and
Shuttle Tankers - Safe, Flexible, Efficient
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper. Shuttle tankers transport crude oil from offshore oil fields to terminals where use of subsea pipelines are not feasible
TMG Delivers Panama Canal Study
The Maritime Group (TMG) carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded Panama Canal and made other operational observations. TMG was intructed by Autoridad del Canal de Panama (Panama Canal Authority – ACP) with a brief to focus on Health, Safety, Environment and Quality (HSEQ) procedures.