Energy Division News

11 Jan 2019

Crew Travel: Safety & Security in Shipping

Despite notable breakthroughs in technology and an overdue increase in conversations regarding safety at sea, the very nature of the marine industry means that risk is inevitable.Piracy remains a prominent concern in certain regions, for example, around the Gulf of Aden. According to statistical data provided by ICC International Maritime Bureau (IMB) , 107 ships were hijacked or were subject to attempted attacks by pirates between January-June 2018. This figure has risen by 20 per cent in comparison to data collected in 2017 and only further highlights the need for adequate safety measures. Even if your organizations’ activities aren’t near to one of the affected regions…

23 Nov 2018

How to achieve crew travel efficiency in your business

Nikos Gazelidis is Global Head of Shipping at ATPI Griffinstone

Like all businesses, maritime organisations must strike a balance between managing operations with the right number of employees at the best possible price. But where they differ is that these businesses require specialist and highly trained workers– and getting them to where they need to be usually depends on circumstances that can rarely be taken for granted.Travel costs for crew make up the second-highest outgoing for most vessels, and without clear oversight costs can easily spiral out of control.

31 Oct 2018

Crew Management: Day to Day Challenges

© eaumstocker / Adobe Stock

Tackling the time-sensitive challenges of maritime operations is at the forefront of all crew managers’ minds. They face an ongoing balancing act of supporting their Captain and crew in the best possible way to ensure a smooth and efficient running of the ship, whilst making sure it is commercially viable. This is rarely a straightforward operation, especially when it comes to managing travel for the 1.5 million people employed in the shipping sector, but there are key areas that…

15 Oct 2018

Predictive Analytics Drives Better Crew Travel Management

© currahee_shutter / Adobe Stock

Managing crew travel is just one area that can cause sleepless nights for shipping industry professionals. As someone who works in this specialist and incredibly dynamic sector, I know first-hand how quickly things can change. Overcoming challenges is just part of the day-to-day.Maritime organizations have a very particular set of needs when it comes to having the right personnel available at the right time. Seafarers’ travel is mission-critical and their working patterns are governed by tight regulations.

17 Aug 2018

Maersk to Pursue Separate Listing of Maersk Drilling

Photo: Maersk Drilling

Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling  via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.Having evaluated the different options available for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal prospects for its shareholders…

16 Aug 2018

Maersk Signs on to Help Clean up Ocean Plastic

Maersk Launcher (Photo: Maersk Supply Service)

Offshore services provider Maersk Supply Service has signed onto a project that aims to collect tons of plastic waste littering the world's oceans.In the comping months, the Denmark based firm will provide marine support to the Dutch nonprofit The Ocean Cleanup, which will install its first cleanup system in the North Pacific as part of the planet’s first large-scale initiative for collection of floating ocean-plastic debris.Global plastic production has risen steadily since the 1950s. It is estimated that more than 5 trillion pieces of plastic waste now litter all major ocean basins.

16 Aug 2018

Boskalis Rethinks Loss-making Transport Operations

(Photo: Boskalis)

Boskalis will terminate loss-making transport activities at its offshore energy division, the Dutch marine and engineering company said on Thursday after posting lower than expected first-half earnings.A resulting one-off charge of 397 million euros ($451.6 million) pushed Boskalis to a net loss of 361.4 million euros, compared with a profit of 75.1 million euros in the first half of 2017. The consensus forecast in a company-compiled poll of analysts was for a profit of 60 million euros.The company aims to position the business at more lucrative areas of the transport and installation market…

15 Aug 2018

Heijermans Joins Boskalis Management Board

Bart Heijermans (Photo: Boskalis)

During today's Extraordinary General Meeting of Shareholders, Bart Heijermans was appointed to the Board of Management of Royal Boskalis Westminster N.V. for a term until the Annual General Meeting of Shareholders in 2022.Heijermans will be responsible for the company’s offshore energy division, effective September 1, 2018.Heijermans brings to the board extensive experience in the offshore industry, having recently served as CEO and board member of subsea services provider DeepOcean.

17 May 2018

Successful Factory Acceptance Test for The Switch EBL

The Switch expects its advanced and proven DC-Hub concept, with the unique EBL, will see tremendous growth. The DC-Hub distributes energy without the need for auxiliary equipment such as transformers and AC switchboards. (Photo: The Switch)

The Switch Norway, part of Yaskawa Corporation’s Yaskawa Environmental Energy Division, reports it has completed a Factory Acceptance Test (FAT) for its Electronic Bus Link breaker (EBL). It is the first time the new EBL, a key element within its DC-Hub, has undergone a FAT.The procedure was conducted in Trondheim under the supervision of class society DNV-GL and the undisclosed end customers. There were no issues recorded with the first three EBL units to undergo stringent testing…

12 Apr 2018

Yaskawa Ups Investment in The Switch

The Switch has delivered over 1,000 rugged Power Drives for the past 10 years to hundreds of vessels operating around the world (Photo: The Switch)

Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine, wind and turbo/industry segments.This latest investment provides The Switch with the capability to test high-power machines…

14 Feb 2018

Asia's Soaring Gas Demand Beckons New LNG Projects

File Image: A typical LNG Carrier (CREDIT: GAC)

Global LNG imports rose by 20 percent in 2017; new demand emerges across South, Southeast Asia. Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang. Trade flows in Eikon show global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic metres (bcm) a month.

29 Jan 2018

Maersk, Statoil and OECD to Discuss Future Ocean Development

Photo: Nor-Shipping

Key figures from Maersk Group, Statoil and the Organization for Economic Co-operation and Development have signed up to discuss future ocean business opportunities, demands and strategies at Opening Oceans Conference 2018 (OOC). The event, Nor-Shipping’s first outside its Norwegian home, will see c-level executives gather in Copenhagen on May 2nd and 3rd  to examine how to responsibly realise the huge potential of the ocean, gaining the understanding, partners and tools to equip businesses for the way ahead.

28 Nov 2017

Mærsk Strengthens Executive Board

Vincent Clerc, Morten H. Engelstoft and Søren Toft. Photo: A.P. Møller - Mærsk A/S

In line with the strategic direction announced in September 2016 A.P. Møller - Mærsk A/S has made significant progress in focusing the future business on container shipping, ports and logistics. To further accelerate the development of customer oriented end-to-end transportation and logistics solutions the Board of A.P. Møller - Mærsk A/S today announces that it is strengthening the management of the company by appointing the Chief Operating Officer, Chief Commercial Officer as well as the CEO of APM Terminals to the Executive Board.

28 Nov 2017

Speedcast Announces Executive Management Changes

Speedcast International Limited has announced two changes to its executive management team: Keith Johnson will become chief operating officer, and Erwan Emilian will lead the Enterprise & Emerging Markets division. Johnson, currently EVP of Speedcast’s Energy Division, will take over for David Kagan as chief operating officer, while also keeping his existing Energy Division responsibilities. Kagan leave Speedcast in early December for personal reasons, but will remain as an advisor to the CEO on a limited-time basis. Johnson joined Speedcast in 2014 after spending over 20 years at Harris CapRock Communications, where he held numerous senior operational roles, including heading global operations and business unit leadership roles.

16 Aug 2017

Maersk Wants Trade Finance Role

(File photo: Maersk Line)

Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry. Moving into traditional bank territory and further down the shipping value chain, Maersk Line, part of A.P. Moller-Maersk, is offering to finance shipments and remove the paper trail from financing deals. Maersk says it has no need to ask for collateral - one of the biggest headaches for banks and customers in trade finance deals - because it is carrying the goods on its vessels.

16 Aug 2017

Fog Lifts as Maersk CEO Remains Upbeat

File Image: The Madrid Maersk, one of Maersk's largest boxships. CREDIT: Maersk

Container shipping fundamentals at best since 2010 - CEO. Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by more than 4.5 percent as investors looked beyond one-off second-quarter charges. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lacklustre global trade and a glut of available ships for hire. But its chief executive Soren Skou, who has staked his future on Maersk as a transport business…

31 May 2017

Marubeni Becomes SEA\LNG Member

Image: SEA\LNG Ltd

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed Japan-based Marubeni to its expanding membership. With the addition of Marubeni, the SEA\LNG coalition bolsters its efforts to drive forward LNG as a marine fuel, and to progress its vital role as a viable solution in the energy transition within shipping. Since its launch in July 2016, SEA\LNG’s membership has quickly grown from 13 to 25 members…

11 May 2017

Maersk: Shipping Recovery Coming

File Image: Credit Maersk

Maersk Line posts loss, but company sees improvement. A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted by the energy business it plans to spin off, but also reported signs of improvement at its long-suffering container shipping business. Shares in the Danish conglomerate climbed almost 5 percent after it said a gradual recovery in freight rates should boost earnings at Maersk Line, the world's biggest container shipping business, over the rest of the year.

28 Apr 2017

Maersk to Pay $4 Bln for Hamburg Sud

File photo: Hamburg Sud

The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday. Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million, Maersk Line said in a statement fleshing out detail on the deal announced in December. "By keeping Hamburg Sud as a separate and well-run company, we will limit the transaction and integration risks and costs while still extracting the operational synergies…

28 Mar 2017

A.P. Moller-Maersk Elects New Chairman to Steer Digital Transformation

Jim Hagemann Snabe (Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates. The more than 100-year-old conglomerate's digital push will mean that in theory, it should be as easy to book a container as booking an airline ticket, Chairman Jim Hagemann Snabe told Reuters shortly after he was elected. "We transport goods in the physical world and that won't change as we won't start beaming things around the world…

08 Feb 2017

A.P. Moller-Maersk Misses Q4 Forecast

File Image: A Maersk product tanker underway (CREDIT: Maersk)

Net operating loss after tax of $2.7 bln means dividend cut. Chairman to step down at end of March. A.P. Moller-Maersk missed fourth-quarter profit expectations on Wednesday as the world's largest shipping company pressed on with changes, taking impairments, slashing its dividend and announcing a new chairman. Hurt by low prices and oversupply in the oil and freight sectors, Maersk announced a major restructuring plan in September. "It was a bad and unsatisfying year," Chief Executive Soren Skou told journalists…

14 Dec 2016

New US Ballast Water Research Lab Opened

Traveling across the globe from port to port, the U.S. Navy fleet transports sailors and Marines, aircraft, and supplies. Unfortunately, ships can also unintentionally transport stowaways, small organisms which live in ballast water. Most people would not look at small organisms like mitten crabs or zebra mussels and think they are a major threat to the environment – and in their natural habitats they pose no threat. But what happens when these organisms are introduced into a new ecosystem? According to Rachel Jacobs, a chemical engineer in the Wastewater Management Branch at Naval Surface Warfare Center, Carderock Division, the results of introducing non-native species into a new environment can be disastrous for the ecosystem…

13 Dec 2016

Maersk: Hamburg Süd Deal Will Compensate Energy Spin-Off Effects

Photo: A.P. Moller-Maersk

Denmark’s A.P. Moller-Maersk expects the revenue generated through the recently acquired container carrier Hamburg Süd to compensate for around 60% of revenue loss after the spin-off of the company’s Energy division is completed, Sorens Skou, CEO of Maersk, was quoted by Reuters as saying. Maersk announced a major restructuring in September in which the family-owned group plans to focus on transport and logistics and separate its energy operations. The energy division, which includes exploration and production…

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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