Gunvor, Oceangold and Maas Capital Form Tanker JV
A new ship holding company has been formed through a joint venture agreement between physical energy trader Gunvor Group, ship management company Oceangold Tankers and investor Maas Capital.The three partners hold an equal share in the new company, ClearOcean Tankers, which has been incorporated in Cyprus.The new joint venture company has entered into shipbuilding contracts for six vessels from South Korean shipyards, including four MR2 product tankers from STX Offshore & Shipbuilding Co. and two LR2 product tankers from Daehan Shipbuilding Co.
Pollution Contingency Plan by Cyprus, Greece and Israel
The latest sub-regional contingency plan to deal with any oil pollution incident in the Mediterranean Sea has been signed, following support from the International Maritime Organization (IMO)-administered Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC). An Implementation Agreement on the Sub-Regional Marine Oil Pollution Contingency Plan was signed in Nicosia, Cyprus (8 May) by Cyprus, Greece, and Israel, along with other instruments for cooperation among the three countries. The objective of the contingency plan is an effective reaction to spills.
VTS Vasiliko Terminal Services Orders ASD Tug
On July 24, Damen Shipyards Group signed a contract with Cyprus-based VTS Vasiliko Terminal Services, the supplier of marine services to the Port of Vasiliko and the VTTV Oil Terminal Jetty, for a Damen ASD Tug 2310.Attending the contract signing event was Cyprus’ Minister of Transport Ms. Vassiliki Anastassiadou, who congratulated VTS Vasiliko Terminal Services on its high standard of service, which concurrently enhances Cyprus’ image in the marine services sector.The new ASD Tug 2310…
Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million. Noble said in a press annoucement that its indirect wholly-owned subsidiary, Core Forte, had on June 15 entered into a memorandum of agreement with Aeolian Spirit Shipping and Transmed Shipping for the proposed sale of a Kamsarmax dry bulk carrier vessel. The Vessel “Ocean Forte" is registered under the flag of Hong Kong. It was built in 2015 and has a capacity of 81,616 dwt.
Poland's World Maritime Day Parallel Event
How to create better shipping for a better future was a theme running throughout the 2018 IMO World Maritime Day Parallel Event (13-15 June), held in Szczecin, Poland. “IMO's heritage for 70 years has been to drive improvements in shipping to achieve a better world today. But we cannot rest on past achievements. Our challenge for the years to come remains the same: to create better shipping - for a better future,” said IMO Secretary-General Kitack Lim, in his keynote address. The international audience was welcomed by Mr.
Aker BP Hires Prosafe Vessel
Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea. The firm duration of the contract commencing mid-August 2018 is seven months with eight one-month options. Total value of the contract excluding the option periods is approximately USD 25.5 million. The option periods, if exercised, have a total value of approximately USD 36.7 million. The contract will ensure employment of the Safe Scandinavia soon after expiry of her previous contract that concluded end-June 2018.
Interview: Natasa Pilides, Cyprus Deputy Minister of Shipping
Natasa Pilides, Cyprus Deputy Minister of Shipping, has held this newly created political post for only three months, but already she has big plans to facilitate the growth of her country’s stature in world maritime circles. In Athens at Posidonia we sat with Pilides to discuss her plans for the development of Cyprus’ blue economy.While dubbed “deputy” minister, make no mistake that Natasa Pilides is in charge, reporting directly to Nicos Anastasiades, the president of Cyprus who asked her to take on the challenge.
Equinor Extends Prosafe Deal
Semi-submersible firm Prosafe said that it has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor."Equinor UK Limited (formerly Statoil (UK) Limited) has exercised the first of six one-month options to extend the charter of the Safe Boreas. The total value of the option is USD 6 million," said a press statement.In early August 2017, the Safe Boreas commenced a 13 month firm operational period at Mariner in the UK sector of the North Sea.
London P&I Club Setting up Cyprus Office over Brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs could weaken its multi-billion pound shipping services sector."We have … chosen Cyprus to establish our new post-Brexit EU subsidiary, and we are currently going through the process of setting it up and obtaining the necessary license," London Club said in a statement.London Club is one of 13 major global P&I insurers and Europe accounts for over 60 percent of the group's activities.The six P&I clubs regulated in Britain are estimated to account for over half t
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…
Schulte Group Confirms Cypriot Connection
The Cyprus shipping sector continues to make news, as Dr. Heinrich Schulte, the chairman of the Schulte Group, underlined his long-term commitment to the Cypriot shipping industry when he met with H.E. Mr. Nicos Anastasiades, the President of the Republic of Cyprus, at the Presidential Palace in Nicosia, on June 11, 2018. Earlier this month MarineLink.com interviewed Natasa Pilides, Cyprus Deputy Minister of Shipping, on the sidelines of the Posidonia exhibition in Athens, Greece…
INTERVIEW: Natasa Pilides, Cyprus Deputy Minister of Shipping
Natasa Pilides, Cyprus Deputy Minister of Shipping, has held this newly created political post for only three months, but already she has big plans to facilitate the growth of her country’s stature in world maritime circles. In Athens at Posidonia we discuss with her Cyprus’ plan for the development of the its maritime infrastructure and blue economy. Coming in the July 2018 edition of Maritime Reporter & Engineering News, read our interview with Ms. Build the country’s maritime cluster with incentives for companies to innovate and relocate people and facilities to Cyprus.
Malta Prepares for Hazardous, Noxious Substance Spills
With the rise in transport by sea of chemicals and gases, in bulk and containerized, adequate preparedness for response to potential spill incidents involving hazardous and noxious substances (HNS) is increasingly important. The Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC) is hosting a regional workshop on response to such incidents, in Valletta, Malta (20-21 June). Regional cooperation on oil and HNS spill response and contingency planning is an efficient and cost-effective way of preparing for possible spills – through the sharing of information…
Globecomm Boosts Presence in Greece and Cyprus
Maritime connectivity services provider Globecomm has appointed J&E Papadopoulos as its new representative to the Greece and Cyprus shipping markets.J&E Papadopoulos will provide sales and marketing services locally as well as pre- and post-sales support, installation, commissioning and technical services for Globecomm Maritime products in the region.Established in Piraeus in 1968, J&E Papadopoulos SA is a distributor of marine spare parts, representing numerous European and U.S.
ABB Turbocharging Service Point to Open at MMS' Limassol Shipyard
ABB Turbocharging and Multimarine Services Ltd (MMS) have agreed an ABB Turbocharging Service Point will open at the MMS shipyard facility at Limassol Port, Cyprus.The deal, signed this week during the Posidonia exhibition in Athens, confirms the creation of the first turbocharging service point in Limassol to be located at a shipyard, after proactive discussions between ABB Turbocharging Greece & Cyprus and MMS to relocate ABB’s local service facilities. The relocation will support a closer physical pick up point for marine customers, providing convenience and faster access to customized servicing for optimal uptime and fleet productivity.“This is a positive agreement for ABB Turbocharging and will enable us to better serve our customers by offering reliable…
WISTA International Appoints Diversity Committee
The Women’s International Shipping and Trading Association (WISTA) is proud to announce the formation of its Diversity Committee. A member-driven project created as a next step after the #METOO campaign, the WISTA Diversity Committee will focus on providing practical solutions to increase opportunities for gender diversity in the maritime industry. The committee works as part of WISTA International’s 2018 theme: The Women Who Move the World. “WISTA has always advocated for increased gender diversity in the maritime industry.
EU Member States Ask to End Crippling Reporting Formalities for Ships
Led by Denmark, 13 EU Member States have called on the Commission to present an ambitious proposal on revising the Reporting Formalities Directive. Danish Shipping strongly supports the ambition to sufficiently eliminate the huge administrative burdens on maritime carriers in the EU. The current directive introduced the concept of National Single Windows as a way to harmonise reporting obligations from ships to a single electronic system in each Member State but failed to harmonise data requirements or the mechanisms for sending them thus creating more burdens on maritime carriers in EU.
Bjørnar Iversen Resigns as CEO of Songa Offshore
Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act, said the statement. Before joining the company in June 2013, Iversen was a member of the executive leadership team at Odfjell Drilling AS. During his 17 year's tenure at Odfjell Drilling, he has been executive vice president for Corporate Business Development, Odfjell Drilling Technology and Odfjell Well Services.
Greece Concludes Sale of 67% Stake in Thessaloniki Port
Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatisations agency (HRADF) said on Friday. Deutsche Invest and its partners, France's Terminal Link SAS and Cyprus-based Belterra Investments, signed the deal in December. The sale is part of a privatisation scheme Greece has agreed under its latest international bailout. The deal is worth 1.1 billion euros, HRADF said, and the consortium has already…
President of Cyprus visits IMO
Cyprus’ President, Nicos Anastasiades, visited International Maritime Organization (IMO) Headquarters, London, yesterday (18 April), touring the building, meeting senior staff and exchanging ideas about the future of shipping. The President was received by IMO Secretary-General Kitack Lim, who expressed his appreciation for Cyprus’ involvement in IMO’s work as a Member State of the Organization, and looked forward to further cooperation in the future. Cyprus is a long-standing IMO Member State, having joined the Organization in 1973.
Eni Staying in Cyprus Despite Island's Standoff with Turkey
Italy's Eni will not relinquish its interests in Cyprus, its CEO said on Wednesday, as an uneasy standoff between Turkey and the Mediterranean island lingered over offshore hydrocarbons resources.The Italian state-controlled energy giant had to abandon a scheduled drill for oil and gas south of Cyprus in February because of Turkish military exercises. The broader region has yielded some of the largest natural gas finds worldwide in recent years."I just want to remind (sic) that so far we have invested about 700 million euros in Cyprus. That means that there's strong engagement and commitment towards the country," Eni CEO Claudio Descalzi…
DP World Opens Limassol Passenger Terminal
The new cruise passenger terminal at DP World Limassol was inaugurated today by Cyprus President, His Excellency Mr. Nicos Anastasiades; Minister of Transport, Communications and Works, Mrs. Vassiliki Anastassiadou; the Mayor of Limassol, Nicos Nicolaides and DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. The operational opening of the terminal was attended by almost 300 guests and will enable the largest cruise ships in the world to visit the country for the first time.
Cyprus-Egypt Gas Pipeline to Cost $800 mln-$1 bln
A pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian petroleum minister Tarek El Molla said on Monday. Egypt has rapidly increased its production of natural gas and is hoping to become a hub for exporting to Europe after making a series of big discoveries in recent years. Molla, speaking at a joint news conference with Cyprus energy minister Yiorgos Lakkotrypis, said Cypriot gas would be used in part for domestic consumption and in part for export. Lakkotrypis said a final agreement on the pipeline would be signed as quickly as possible but did not specify when. Egypt is hoping to halt gas imports by 2019 and achieve self-sufficiency.