Cargoship Maritime, Magellano Marine to Restructure
Cargoship Maritime BV and Magellano Marine CV, Netherlands-based vessel operating companies managed by Seaarland Shipping Management BV (Amsterdam) have appointed Lazard and Venice Shipping & Logistics (VSL) as restructuring advisors. They will assist the companies to complete the restructuring process begun last year when thirteen owners of twenty-two vessels with time charters with Cargoship Maritime BV and two bareboat charters held by Magellano Marine CV were asked to agree to modified terms. Antonio Zacchello, managing director of Seaarland Shipping Management said, "Towards the end of last year we asked the owners we partner to adjust with us to the new realities of the marketplace.
Langh Named Maritime Counselor
Tarja Halonen, President of the , awarded an honorary title of Maritime counselor to Hans Langh on June 12. Langh, born in 1949, is a businessman from , who has been in the shipping business since 1980. Hans Langh was one of the founding members of the Shipowners’ association for smaller ships in foreign trade in 1986, which later became the Cargoship association. On June 1, the winds changed in the Finnish shipping business when Suomen Varustamoyhdistys, the Cargoship Association and Ålands Redarförening united their forces with a new association, Finnish Shipowners’ Association.
IMO Approves Shipbuilding Standards
International Maritime Organization (IMO) has approved improved shipbuilding standards aimed at passenger and cargoships. The new construction rules, designed to increase a vessel's chance of surviving an accident, were agreed at the IMO's committee on stability and load lines headed by the Australian Maritime Safety Authority (Amsa). The new standards will go into effect in November and will apply to ships with keel laying after January 2009. Among the new rules is one concerning lubricating-oil circulation tanks, which must be kept a minimum distance of 500 millimetres from the keel line of the vessel to prevent the oil escaping in the case of a grounding leading to engine failure. Guidelines for the crew will also advise on how to ensure a vessel survives in an accident.
Intermarine’s Grikitis to Receive AOTOS Award
Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel, New York City, on October 13, 2017. The Admiral of The Ocean Sea Award (AOTOS) has been presented annually by United Seamen's Service for the past 47 years. The AOTOS Award is given in…
DNV Recommends LNG Shipping for North America
DNV’s new report, Greener shipping in North America, proposes that LNG l is the most efficient and economical way to meet air emissions requirements in the U.S. and Canada that take effect in August 2012. Environmental Control Areas (ECA) will gradually be enforced along the North American coastlines. They will have full force in 2015 and 2016, leaving shipowners a limited number of options for modifications to their ships if they want to continue trade in North America. Specifically, the use of LNG fuel for a ship would reduce nitrous oxide (NOx) emissions by 85-90%, sulphur dioxide (SO2) and particulate matter by almost 100%, and it would result in 15-20% less greenhouse gas emissions.
IRISL Looks West with New Vessels
The Islamic Republic of Iran Shipping Lines (IRISL) plans to become one of the world's top ten shipping lines. It plans to modernize its fleet and ally with international shipping majors to tap western markets , reports WSJ. Mohammad Saeidi, chairman of IRISL said that his company is planning a massive fleet expansion. It aims to re-enter western markets as Tehran exits a long period of sanctions that barred its vessels from calling at European and U.S. ports, the company’s chairman said.
Canada Maritime Launches New Website
company's distinctive red livery. shipments. redesigned website," explained Senior Vice President, Terry Burrows. will give a continual update on service upgrades and improvements. information and that they want to be able to get it at any time. of the company including an interactive history timeline. routes. In this section, they can check on the progress of their shipments. There are interactive route maps, sailing schedules and an accounts section. Four of Canada Maritime's ships offer passenger travel opportunities so "Voyager's World" is a must first stop for anyone planning a special voyage by cargoship across the Atlantic. The page guides you through the simple steps to get more information or to make a booking. times and prices.
Brokers: Shell Considers Single Hull Ban Through Bosphorus
Shell is considering a self-imposed ban on single-hulled tankers for cargoes coming through the Bosphorus from the Black Sea. "They're considering demanding double-hulls on any tankers they charter for their cargoes through the Bosphorus," said one London broker. Brokers said that although Shell had a limited presence in the Black Sea, it was expected to expand in coming years. They said BP Amoco, Chevron and TotalFina all had a major presence there. Collisions and shipwrecks are not uncommon in the Bosphorus, a narrow passage winding through Turkey's largest city Istambul and on which commercial vessels are guaranteed free passage during peacetime under the 1936 Montreux Treaty.
LNG-Fueled Vessels Go Big with 'Project Forward'
ABS, a provider of classification services to the global marine and offshore industries, has teamed up with partners Arista Shipping, Deltamarin, GTT and Wärtsilä in the “Project Forward” joint development project (JDP) to develop a dry bulk carrier concept that employs LNG as fuel. The goal is to develop a Kamsarmax bulk carrier design to be the first of this type suitable for worldwide services powered by LNG in compliance with the International Maritime Organization’s Energy Efficiency Design Index 2025 standards, NOx Tier III and Marpol Annex VI SOx emission levels.
Ship Repair & Conversion Prospects
While it is difficult to find an industry where fierce competition and price wars are not the hallmarks, it seems at times that the ship repair industry has created and patented the formula. Ship repair and conversion yards have weathered years of cut-throat battling, as a slew of new, low-cost competitors regularly make an appearance. The trend is predicted to continue indefinitely. In general, ship repair operations are weathering many of the same financial, corporate and political storms as other major industrial companies. According to Dennis Stonebridge, a shipping consultant for Drewry Shipping Consultants, the forecast revenue for 1998-2003 is likely to fall in total by an estimated 1.5 percent.
Vietnam Port Bars Cargoship Departure After Oil Spill
Maritime authorities in Quang Ngai ban a Panamanian-flagged ship from leaving after it spilled nearly 1,000 liters of oil at a local port. The Panama-flagged Chinese-owned Race Express belonging to Nova Shipping & Logistics Pte Ltd can only leave Dung Quat Port after its owners have cleaned up the spill, reports Thanh Nien News. The 43,000 DWT ship had anchored at the port to load wood chips for transport to China. Reportedly the crew of Racer Express was pumping fuel oil to ballast the vessel as it prepared to leave port. Provincial agencies have started estimating the spill's impact on the environment and carry out further cleaning after a local response team mopped up the oil. Estimates were that the spill measured 300-350 square meters.
Cargoship Disabled and Grounded in Dardanelles
General cargo vessel Ibrahim Konan (7,618 dwt, built 2008) today (July 1) suffered rudder failure and ran aground in Dardanelles in front of Eceabat in Turkey, while transiting in southern direction. The 109 meters long vessel loaded with ammonium sulfate is en route from Novorossiysk Russia to Abu Qir Egypt. The ship is operated by Turkey’s Konan Shipping. According to the captain's statement, the board learned that there are no leaks or injury. In the examination detected no pollution. General Directorate of Coastal Safety 'Put 7' The tug was sent to the area for rescue work.
Bahrain's ASRY Lays Foundation as Global Maritime Power
While small in stature at just 760 sq. km. with a population of 1.2 million, the Kingdom of Bahrain, an archipelago in the Persian Gulf just east of and connected by causeway to Saudi Arabia, seeks to grow its stature in the world marine market to become a global maritime and logistics center by 2030. The Arab Shipbuilding & Repair Yard Co. (ASRY), which is central to this success, last month celebrated several key milestones, including the anniversary of its 35th year in business and the opening of its new 1.38km Repair Quay Wall…