Changes to Volvo Penta Executive Group Announced
After 26 years with Volvo and 7 as President of Volvo Penta Americas, Ron Huibers has decided to retire from his current role and move to another role within Volvo Penta. Succeeding Ron will be Martin Bjuve, currently CFO and SVP Business Office Volvo Penta. Planned transition date will be January 1, 2020. Bjorn Ingemanson, President and CEO Volvo Penta, today announced that Ron Huibers, President Volvo Penta Americas, has decided to retire from his current role and take up a new role within the company. "The team, customers and industries we serve here have been exciting and rewarding.
Bibby Marine Appoints Samuels as CEO
Leading marine asset company Bibby Marine Ltd has appointed Helen Samuels as Chief Executive Officer to lead the company into its next phase of development.Helen Samuels will join the Group in January 2020 from Network Rail, where she currently holds the position of Engineering Director for their $6.4bn pa national capital program. Prior to this Samuels worked as Engineering Director for United Utilities, and also held a series of senior positions at Halcrow/CH2MHill (now Jacobs) including Operations Director…
Interview: Davide Breviglieri, CEO of Azimut Yachts do Brasil
With 50 years of history, the Azimut | Benetti Group is recognized as the world’s largest motor yacht builder (global orderbook 2019). For nearly 10 years Azimut has been producing a wide range of luxury motor yachts in Brazil. Maritime Reporter´s correspondent in Brazil interviewed Italian executive Davide Breviglieri, CEO of Azimut Yachts do Brasil.Founded in 1969 by Paolo Vitelli, still the main shareholder, the group is present in 70 countries and has a network of 138 sales and service offices…
Sanmar Delivers RAlly Steel Utility Boat
Turkish tug boat builder Sanmar Shipyards has delivered the first RAlly 1900-SX to new owner Düzgit Group in Turkey for service around Istanbul in the busy Bosporus area.The RAlly 1900-SX is a versatile steel twin screw utility boat capable of doing many different tasks including crewboat service, construction and maintenance work, cargo transportation, and light towing.The large 11 m x 5 m clear working deck can be used for moving cargo or equipment, marine contracting and construction work, navigation aids maintenance, and anchor handling.
Arctic Council Grants Observer Status to IMO
The International Maritime Organization (IMO) has been granted observer status at the Arctic Council.According to the UN body, this will allow IMO to build on previous cooperation with the Arctic Council and engage in close collaboration on a range issues related to shipping in the Arctic, in particular, search and rescue, pollution response and maritime safety and protection of the marine environment.IMO has adopted the Polar Code, which provides mandatory requirements for ships operating in the harsh environment of the Polar regions…
DEUTZ Commits to Renewable Mobility
On January 21 and 22, DEUTZ will be attending the 16th International Conference on Renewable Mobility in Berlin, reprising its role as silver sponsor and underlining its commitment to the development of carbon-neutral drive systems. As well as pressing ahead with the electrification of its engine range under the E-DEUTZ strategy, DEUTZ is working hard to make its products compatible with a choice of sustainable fuels that can be used in its products.Running engines without using…
Wharf-Building Equipment Arrives Antarctica
A cargo ship loaded with 4,500 tonnes of steel and construction equipment required to build a new Antarctic wharf has arrived at British Antarctic Survey (BAS)'s Rothera Research Station.Staff awaiting its arrival cheered as the DS Wisconsin pulled alongside, guided for the final few hours through sea ice by the ice-strengthened RRS Ernest Shackleton. Work began immediately on the huge task of unloading the cargo, which is likely to take around two weeks.The ship, containing plant…
Coast Guard Urges Caution after Barge Capsizes near Nahant
The Coast Guard is warning mariners to use caution and avoid the North and South Boston Main Channels after a barge carrying construction equipment capsized and possibly sank Sunday night approximately two miles southeast of Nahant.The captain of tug boat Big Jake notified the Coast Guard at approximately 9:30 a.m. on Sunday that two of five barges they were towing had broken free and were adrift. Crew members from Coast Guard Station Point Allerton and Coast Guard Cutter Key Largo responded to the scene along with the tug boats Smith Predator, Justice, and Kendall J. Hebert.While Big Jake was being escorted to Hull two more barges broke free bringing the total number of adrift barges to four.The three tug boats each located a barge and brought them to safe havens.
World Maritime Day 2018 Today
Today (27 September), International Maritime Organization (IMO) and the global maritime community celebrate the annual World Maritime Day, under the theme: IMO 70: Our Heritage – Better Shipping for a Better Future. IMO has been celebrating its major anniversaries during 2018, with a focus on the achievements of the past decades as well as the challenges of the future, as the Organization seeks to promote safe, secure, environmentally sound, efficient and sustainable shipping.The Convention establishing IMO was adopted on 6 March 1948 and it entered into force 10 years later…
Yanmar Delivers Dual-Fuel Tugboat Propulsion Engines
Japan-based Yanmar has delivered two 6EY26DF dual-fuel commercial marine engines with the ability to use both heavy fuel oil (HFO) and liquefied natural gas (LNG) as fuels for the LNG tugboat. Mitsui O.S.K. Lines, Ltd. (MOL) will take delivery of the vessel once construction is completed in February 2019 with the tugboat expected to commence operation in April 2019.Yanmar has also received orders for the LNG fuel tanks, buffer tanks, and gas combustion devices that make up the LNG fuel feed systems for the engines.The MOL-owned vessel will be manufactured by Kanagawa Dockyard Co., Ltd.
Apples and Oranges When it Comes to Vessel Finance
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues, insured value, public reporting, and allocation of purchase price, where the value of individual vessels is important.
Port of Duqm Signs Land Lease Agreement with Petrojet
Port of Duqm Company SAOC, a 50:50 joint venture between the Omani Government and the Consortium Antwerp Port (CAP) under its subsidiary called Duqm Industrial Land Company (DILC), has signed a 25 years usufruct land lease agreement for a 50,000 sqm. plot with The Petroleum Projects & Technical Consultations CO. (PETROJET ).Port of Duqm Company (PDC) is fast becoming an important reality of the Middle East region’s rapidly transforming maritime landscape. PDC also holds under…
Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.
Philippines Focus on Fisheries Sector
According to the Food and Agriculture Organization (FAO), fishing at sea is probably the most dangerous occupation in the world. To address this issue, a two-day regional seminar, "Joining forces in the fisheries sector: promoting safety, decent work and the fight against Illegal, unreported and unregulated fishing (IUU)", has been held (21-22 March) in Manila, Philippines. International Maritime Organization (IMO)'s Sandra Allnutt, Head of Marine Technology, delivered a presentation on IMO's work in promoting safety at sea.
Corvus Energy Names Bjørkeli CEO
Corvus Energy has appointed Geir Bjørkeli as its new Chief Executive Officer (CEO). Bjørkeli was previously Director of Norway for the Dutch company Huisman, and established the company’s Norwegian presence for offshore construction equipment solutions. Bjørkeli will remain based in Bergen, Norway. Prior to joining Huisman, Bjørkeli was a design engineer with the ship designer and shipbuilder Ulstein. He held several positions with Rolls-Royce, including VP Sales for North East Asia and Managing Director of Rolls-Royce Marine Japan…
Financial Support for Polar Code
International Maritime Organization (IMO)'s work to protect the polar environment and the safety of seafarers and passengers navigating in polar regions has received a boost thanks to a donation by the Government of Canada. IMO Secretary-General and Canada's High Commissioner to the United Kingdom, H.E. Ms. Janice Charette, signed a Memorandum of Understanding (MoU) at IMO Headquarters (23 November). The MoU aims to deliver training programmes for seafarers on board ships operating in polar waters…
YANMAR Launches New Training Initiatives
YANMAR America has announced the launch of the YANMAR//ACADEMY and POWER//TRAIN following the recent opening of the EVO//CENTER, YANMAR America’s training and customer experience center headquartered in Acworth, Ga. Both initiatives provide an enhanced training experience focused on YANMAR’s dealerships, employees and customers. The YANMAR//ACADEMY consists of eight schools; six focused on dealer training, one on employee training and one dedicated to customer training. POWER//TRAIN is the registration…
Foreship: A Guiding Design Light amid a Quagmire of Regulations
As the maritime regulatory regime evolves quickly, ship owners increasingly require guidance to help them navigate an ever-changing technical quagmire. Finland-based Foreship is a force in this regard. Finnish maritime prowess is legendary, particularly when it comes to the cruise ships and polar vessel sectors. Foreship aims to continue this legacy, an employee-owned company with a specialty in ship design and engineering. In an industry that is mobile and global, Foreship’s…
Inland Marine Insurance: Assuring Property and Goods Move Forward
Though water covers more than 70 percent of the Earth’s surface, businesses engaged in marine shipping operations and logistics, and other businesses that manufacture and ship product still have a lot of ground to cover getting their various goods to their final destinations. The ocean marine insurance market, the oldest insurance market in the world, was initially developed to protect these goods while crossing the ocean’s open waters, later to morph into a product to protect all international transportation regardless of mode.
Cruise Ship MS Bremen Certified to Polar Code
Hapag-Lloyd Cruises’ expedition cruise ship, the 155-passenger MS Bremen has become one of the first passenger ships in the world to receive the Polar Ship Certificate which will be mandatory for ships operating in the polar regions from January 2018. MS Bremen was awarded Polar Code certification by classification society DNV GL following a two-year long phase of intense preparation, leading the way for all other ships in the Hapag-Lloyd Cruises fleet which are also due to meet the Polar Code requirements by the Arctic season in 2018.
Hyundai Heavy Sails Back to Profit in Q1
Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10.76 trillion won. HHI mainly attributes the whooping quarterly operating profit increase to 127.1 billion won operating profits from HHI’s Shipbuilding Division which is 251% up from the first three months last year.
Hyundai Heavy Back in the Black
The South Korean shipbuilder Hyundai Heavy Industries (HHI) has reported a net profit of KRW 682.3 billion (USD 596.6 million) for the full year of 2016, returning from a loss of KRW 1.36 trillion (USD 1.18 billion) seen in the full year 2015. Operating profit for 2016 totaled 1.64 trillion won, up from a loss of 1.54 trillion won for 2015. HHI also announced consolidated 4Q 2016 results. During the October-December period of 2016 HHI racked up 10.3427 trillion won in sales and 437.7 billion won in operating profits, posting quarterly profits for four straight quarters.
Hall to lead Hiab, Sales and Services
Hiab, part of Cargotec, has appointed Scott Hall as Senior Vice President, Sales & Services as of 24 January 2017. Scott Hall will lead Hiab's global Sales & Services function and drive sales and services excellence across Hiab's global network. He will report to Hiab's President Roland Sundén and be a member of the Hiab Leadership Team. Scott Hall brings with him extensive experience from leading positions in international sales and business management at globally operating companies.