Ferus Smit Launches Arklow Wind
Dutch shipbuilder Ferus Smit successfully launched ‘Arklow Wind’ at the Ferus Smit yard in Leer."M.V. Arklow Wind is the second vessel in a series of 4 that will be delivered to our client from the city of Arklow, Ireland," said a press release.By design, Arklow Wind (which will sail under the Irish Flag) is an enlarged version of the 8500 DWT ships that we have delivered to Arklow Shipping in the past.In comparison with these vessels, Arklow Wind has almost twice the carrying capacity of 16500 DWT.
Auxo Investment Acquires Andrie LLC
Private investment firm Auxo Investment Partners said it is partnering with the Andrie family with an investment in Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products, and calcium chloride throughout the Great Lakes. The deal, terms of which were not disclosed, marks Auxo’s sixth acquisition in 16 months, and builds on the firm’s December 2017 acquisition of M/G Transport Services, a leading dry-bulk transportation and logistics company based in New Orleans.Andrie, founded in 1988, is a company serving the Great Lakes, working extensively with large global customers.
Auxo Investment Partners Acquires Andrie LLC
Deal builds on Auxo’s December 2017 acquisition of leading dry-bulk transportation and logistics company, M/G Transport Services. Private investment firm Auxo Investment Partners announced today that it is partnering with the Andrie family with an investment in Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products, and calcium chloride throughout the Great Lakes. The deal, terms of which were not disclosed…
CMA CGM Aims for Ceva Logistics Breakeven in 2019
CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p
UK Launches Maritime 2050 Strategy
Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the importance of maritime – worth over GBP40bn to the UK economy, more than aerospace or car manufacturing – and focuses on the desire to cement the UK’s place as the world's leading maritime nation into the second half of the 21st century.Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East…
Seaway Activity Exceeds 40 Million Tonnes in 2018
The St. Lawrence Seaway Management Corporation (SLSMC) has announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century. Marketing efforts under the “Highway H2O” initiative served as a catalyst to spur increased movements of a broad range of cargoes including grain, road salt, stone, cement, gypsum and refined fuels.The 2018 navigation season concluded on December 31st, with the transit of the Cedarglen through the Welland Canal’s Lock 8 at 12:35, heading for Lake Erie. In the Montreal sector, the M.V. Floragracht was the last ship to transit, clearing the St.
First European Shipper Signs Green Shipping Guarantee Program
The European Investment Bank (EIB) announces the signature of the first agreement under its Green Shipping Guarantee Programme (GSGP) through ABN Amro.The EIB will contribute EUR 10.1 million to an ABN AMRO arranged facility to finance the construction of three cement carrier vessels for the Eureka Shipping group, said a press release.The project vessels’ design represents an improvement to the overall environmental performance of the promoter’s fleet, as well as cement carrier vessels currently operating in European waters.
Concor Begins Maiden Coastal Voyage
India has huge potential for enhancing modal share of coastal shipping and inland water navigation. The current share is only 7% unlike countries like China with 24% and Germany 11%. India looks to tap this segment in a big way.The maiden coastal voyage of a vessel of Container Corporation of India (Concor) was flagged off by Nitin Gadkari, Union Minister for Shipping and Piyush Goyal, Union Minister for Railways.CONCOR is a public sector unit (PSU) under Ministry of railways. The vessel SSL Mumbai is sailing from Kandla Port to Tuticorin via Mangalore and Cochin.
Schoellhorn-Albrecht Delivers Deck Machinery Package
Schoellhorn-Albrecht recently delivered  Anchor Windlass suitable for use with 2” anchor chain, and  Mooring Winches for use with 7/8” to 1-1/8” Wire Rope, to be used on the Cleveland Rocks Conversion to a Self-Unloading Cement Carrier.Design Characteristics of Machinery:Anchor Windlass: The Anchor Windlass was fabricated with a 2” wildcat, a manual band-brake, a wildcat clutch, an Ø18” warping head, a chain stripper, and an integrated pawl-type chain stopper. Powered by a 2-speed 25/25HP Electric Motor…
Prelude FLNG Starts Production in Australia
Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world's largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.Though the project started up later and cost more than originally estimated, it is expected to further cement Australia's lead as the world's biggest LNG exporter, after the country took the crown in November.In a statement…
PSA, ONE Launch Container Terminal in Singapore
The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…
MJM Group Cruises to Poland
The international specialist in cruise ship refurbishment MJM Group has established a presence in Poland with the opening of an office in Gdanski.The marine outfitter said in a release that the office, based in Pruszcz Gdański, will be primarily a Design and Administrative hub which will support key activities and projects at the company’s headquarters in Northern Ireland.Gary Annett, MJM Group CEO, said: “MJM Group has a long and proud association with Poland. Many of our employees in Northern Ireland are originally from Poland and we have very strong Polish supply chain.
Eagle Bulk Shipping Expands Fleet Scrubber Initiative
The US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities Eagle Bulk Shipping announced that is has exercised its options to purchase 15 additional exhaust gas cleaning systems (scrubbers) which are to be retrofitted on vessels within its fleet. The Marshall Islands corporation said in a press release that this follows the Company’s prior announcement that it had entered into a series of agreements for the purchase of up to 37 scrubbers…
Shipbuilding: ST Engineering Wins $311m in Contracts
ST Engineering reports that its marine sector won $311m worth of shipbuilding/repair contracts in the third quarter alone, including options for its shipbuilding business, as well as the ship and rig repair segments for progressive deliveries at its yards in Singapore and the US. In the US, the Naval Sea Systems Command (NAVSEA) awarded its US shipyard a contract, including options worth $244m for the detailed design and construction (DD&C) of two firm and up to four optional Auxiliary Personnel Lighter Small APL Class Berthing Barges. The anticipated delivery periods of the two firm vessels are in the second and third quarter of 2020, respectively.
India, Bangladesh to Improve Inland Water Transportation
India and Bangladesh discussed various issues pertaining to the protocol arrangements and improvement of inland water transportation between the two countries in the 19th Standing Committee meeting under ‘Protocol on Inland Water Transit and Trade’ (PIWTT)held at New Delhi.The meeting was attended by high level delegations that included representatives of Ministries of Shipping, External Affairs, Home, Finance, DONER and Inland Waterways Authority of India (IWAI) and officials from Bangladesh belonging toMinistry of Shipping…
Eagle Bulk Shipping Adds Hamburg Eagle to its Fleet
The owner-operator in the Supramax/Ultramax segment Eagle Bulk Shipping announced that it has taken delivery of its newly acquired vessel, the M/V Hamburg Eagle, a 2014-built SDARI-64 Ultramax.The acquisition has been funded by cash on-hand and new debt equating to USD 12.8 million. This new loan represents an upsize to the existing Eagle Bulk Ultraco LLC loan facility which carries an interest rate of LIBOR plus 2.95% and has a maturity of October 31, 2022.With the addition of the M/V Hamburg Eagle…
Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology
The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for CO2 capture technology.According to a press release from the quality assurance and risk management company, the new global advisory partnership will offer advisory and verification services at TCM`s facilities on the west coast of Norway and other worldwide carbon capture projects.Carbon capture…
Algoma Central Cancels Croatian New Build Contracts
Canadian shipping company Algoma Central Corporation has decided to cancel all four newbuild construction contracts with Croatian shipbuilder Uljanik.The provider of marine transportation services announced in a press release that that it has taken steps to cancel its remaining four new build construction contracts with a Croatian shipyard.The cancellation notices have been sent to the shipyard as a result of the Yard’s failure to secure refinancing and Algoma has no assurance…
Cement Carrier Sports Innovative, 'Green' Cargo System
NACC Alicudi is reported to be the world’s first cement carrier equipped with IMO Tier III compliant diesel engines driving the bulk handling system. Converted in 2017 with a Van Aalst dry bulk handling system, the vessel became a unique and state-of-the-art 120m self-discharging cement carrier, with a cement handling system is based on compressors and vacuum pumps, driven by Tier III Scania engines. Together they form the heart of the unique vacuum-pressure system for pneumatic conveyance of cement…
Olmsted: Online & Open
After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes, Olmsted is finally poised for success. That’s something to celebrate.It is official: The U.S. Army Corp of Engineers (USACE) wants Olmsted operational by October. After more than 30 years, the ribbon cutting to officially open the Olmsted Locks and Dam took place on August 30. The very old (1929) upstream locks and dams – Nos. 52 and 53, which Olmsted is replacing – will be dismantled by December 2020. Before that happens, Olmsted’s performance will be tested and confirmed.
Spirit Energy Invests in West of Shetland
Spirit Energy will invest in exploration and appraisal West of Shetland for the first time early next year after farming into 50% of Hurricane Energy’s Greater Warwick Area.Spirit Energy will fund a $180 million (£139 million) campaign to drill three wells 100km West of Shetland, to further prove up the potential of an area which holds an estimated 2 billion barrels of oil equivalent (boe) in prospective and contingent resources.The three wells will be drilled in licences operated by Hurricane Energy (“Hurricane”).
Disabled Freighter Towed into New York Harbor
The U.S. Coast Guard coordinated the tow of a disabled 611-foot freighter into the port of New York and New Jersey after it lost propulsion over 100 miles offshore in the Atlantic Ocean on Tuesday, August 21.At around 9 p.m. on Tuesday, watchstanders at Coast Guard Sector New York received a report that the Panama-flagged bulk carrier GDF Suez North Sea with 21 crew aboard, was disabled. The Coast Guard monitored the situation over the following days as the crew attempted to repair the propulsion system.By Thursday night…
POSH Xanadu Wins Accommodation Contract From Petrobras
Brazilian oil company Petrobras has awarded a second charter to the POSH-owned semi-submersible accommodation vessel (SSAV) POSH Xanadu.The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin.