Fleet Floats into NYC
USS Wasp (LHD 1) passes the Statue of Liberty as the ship enters New York Harbor during the parade of ships on the opening day of the 20th anniversary of Fleet Week New York. More than 3,000 Sailors, Marines and Coast Guardsmen will participate in various community relations (COMREL) projects and see the sights in New York City during fleet week. U.S. Navy photo by Mass Communication Specialist 2nd Class Michael Tackitt (Source: U.S. Navy)
Freedom of the Seas Debuts in NY
Royal Carribean's Freedom of the Seas enters New York Harbor May 10. The Freedom of the Seas, a ship four times the size of the Titanic, has just completed its first trip across the Atlantic. U.S. Coast Guard Photo by PA3 Angelia Rorison
Japanese Light Industries Look to Expand in Middle East
A high-level delegation from Japan External Trade Organization (JETRO) recently visited Dubai World Central, the world’s first purpose-built aerotropolis, to take a closer look at the state-of-the-art infrastructure and facilities available to Japanese companies seeking to establish and expand their business operations in the Middle East. The visit of the Japanese delegation is in line with DWC’s strategy of attracting leading international companies to commence operations from…
Aegean Marine Gets New Bunkering Tanker
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it has taken delivery of the Tilos, a 5,500 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is being deployed to Singapore to support the company's existing bunkering operations in this market. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Tilos. In deploying this new double-hull vessel to Singapore, we have ensured our ability to meet the needs of our customers in the largest bunkering market in the world after having chartered some of our vessels to top counterparties. As we continue to expand our high-quality logistics infrastructure and meet the demand for modern tonnage…
Lloyd’s Register and Teekay Enter New Agreement
Lloyd’s Register has entered into an agreement with Teekay Shipping Corporation to class 11 of its Aframax tankers. In addition, Teekay has chosen Lloyd’s Register to class two of its Aframax newbuildings to be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea. These vessels are scheduled for delivery in 2004. Commenting on this new agreement, Alan Gavin, Marine Director at Lloyd’s Register said: “After a short absence, Lloyd’s Register is delighted to have re-established its relationship with Teekay. We look forward to working closely with Teekay in the future to meet their classification and statutory certification needs.”
Aegean Takes Delivery of Bunkering Tanker
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced on Jan. 7 that it has taken delivery of the Naxos, a 4,600 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The vessel is expected to be deployed to the Company's Singapore market. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Naxos, which represents our eleventh bunkering tanker newbuilding since going public in December 2006. By successfully increasing our delivery capacity, we expect to further strengthen our position to meet the strong demand for marine fuel and continue to grow sales volumes.
BWTS Newcomer Sees Early Success
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide, the company said. “With 40 systems installed, we are starting to get feedback from the operators,” said Børge Gjelseth, sales and marketing director at MMC Green Technology. The company said there is more to come. “Recently we signed 10 orders…
Ocean Marine Insurance Responds to Challenges
The U.S. Ocean Marine insurance industry has been hard hit by the economic crisis at a time when its structure, traditions and culture are facing challenges, according to a new study by Conning Research and Consulting. "The Ocean Marine industry has deep foundations of tradition and specialization that give it unique status relative to other insurance segments. Over the past five years, the experienced specialist ocean marine writers have clearly outperformed the rest of the market," said Jerry Theodorou, analyst at Conning Research & Consulting. The Conning Research study, "Ocean Marine Insurance: Entering New Waters" analyzes the performance of the industry and presents the structural and cyclical challenges to the market.
Bollinger Delivers for Bouchard
The Bollinger built 35,000 BBL tank barge B. Bollinger Marine Fabricators, L.L.C. delivered B. No. 231, the first of two double hull, 35,000 barrel (BBL) oil tank barge units built to meet OPA’90 requirements to Bouchard Coastwise Management. Morton S. Bouchard III, president and CEO of Bouchard Affiliates, said “The delivery of the B. No. 231 is another step forward for Bouchard, and our commitment to our customers to provide the highest quality equipment that meets their changing needs. The B. No. 231 is a manned, clean oil, oceans tank barge measuring 300-ft. long, with a 64-ft. beam and a depth of 21-ft.. The barge has ten cargo tanks, with Byron Jackson cargo pumps, driven by John Deere engines.
Hanjin Shipping Seeks Bank-Debt Restructuring
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt, the country's largest shipper by assets said, in an attempt to weather a squeeze in margins from a severe industry downturn. Hanjin, whose chairman Cho Yang-ho also controls flag carrier Korean Air Lines Co Ltd, had debt of 5.6 trillion won ($4.9 billion) and a debt-to-equity ratio of nearly 850 percent as at the end of 2015, according to the company. While major global shippers have undertaken merger deals and entered new alliances recently to survive the downturn, Hanjin and Korea's No. 2 shipper Hyundai Merchant Marine Co Ltd , which is also under voluntary debt restructuring, haven't taken that route yet.
Bibby Offshore Scoops Two Business Awards
Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy Sector. The awards were announced September 25 at the AECC. The Commitment to People Development award recognizes the company that has shown the most commitment to developing its staff through skills and personal development, investment and achievement programs and outcomes.
Bollinger Announces Promotions
Bollinger Shipyards announces the promotions of three key leaders, as Tim Martinez, Scott Theriot and Corey Phelps enter new roles. Making the announcement, Bollinger’s President and CEO Ben Bordelon, said, “We will be strengthening our position in the market by developing our team from within and capitalizing on the talents of our proven leadership group. Tim Martinez has accepted the position of Executive Vice President of the Repair Division. Martinez began his Bollinger career in 1996 and was promoted to Division General Manager for Bollinger Morgan City (BMC) in 2006…
Four Japanese Companies Join Modec in Sepia FPSO Deal
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC, for providing a FPSO in the Sepia Area, off the coast of Brazil," said a press release. These companies have entered into related agreements for the FPSO project on January 9, 2018.
IHC Merwede, BAE Systems Join to Service US OSV
IHC Merwede and BAE Systems will enter into a cooperation agreement to meet the demands of the offshore construction vessel market in the USA. This cooperation enables IHC Merwede to enter new markets, which is in line with the company’s internationalization strategy. The partnership also allows BAE Systems to increase vessel new construction in its commercially focused shipyards. According to the agreement, IHC Merwede, as a main contractor, will be responsible for the design and build of the vessels. The Dutch company has gained a reputation as a pioneer in the offshore industry.
Bollinger Delivers Bourchard Barge
The Bollinger built 35,000 BBL tank barge B. No 231 sails past the Verrazano-Narrows Bridge entering New York Harbor as the latest addition to the growing OPAâ€™90 compliant fleet of Bouchard TransportationBollinger Marine Fabricators, L.L.C., Amelia, La., a Bollinger Shipyards, Inc. company, has delivered B. No. 231, the first of two double hull, 35,000 barrel (BBL) oil tank barge units built to meet the requirements of the Oil Pollution Act of 1990 (OPAâ€™90), to Bouchard Ocean Services, Melville, N.Y. The B. No. 231 is a manned, clean oil, oceans tank barge measuring 300-ft. long, with a 64-ft. beam and a depth of 21-feet. The barge has ten cargo tanks, with Byron Jackson cargo pumps, driven by John Deere engines.
SeaRenergy Receives Order
SeaRenergy Offshore has been selected by Siemens for the transportation and installation of two HVDC converter platforms for the offshore wind cluster BorWin 2 and HelWin 1 in the North Sea. The platforms which consist of a base frame and a topside shall be towed from Nordic Yards in Wismar and Warnemünde to the designated sites in the North Sea. SeaRenergy will install the converter platform BorWin 2 about 125 kilometers off the coast, northwest of the island of Borkum, in a water depth of about 40 meters. BorWin 2 will be connected to the wind farms Veja Mate and Global Tech 1, which will have a combined power generating capacity of 800 megawatts (MW).
Joannides to Lead Intellian's American Business
Intellian has appointed industry veteran Edward Joannides to take the helm of its Americas business unit as General Manager. Joannides’ experience in both the maritime and satellite communications industries spans over 25 years. This includes time at sea as a Chief Officer working for CMA CGM, and senior shore-based posts including Fleet Manager for Northern Navigation, Director of Strategy & Business Development at Inmarsat and most recently Program Manager for SATCOM Services at Northrup Grumman.
Bunker Suppliers, Aegean Marine, Show Healthy Q2 2013 Results
Greece headquartered Aegean Marine Petroleum Network Inc. announce financial and operating results for the second quarter ended June 30, 2013. Sales volumes of 2,693,151 metric tons. Gross profit of $69.5 million. Operating income of $12.7 million. Operating income adjusted for the sale of non-core assets was $13.2 million. Net income attributable to Aegean shareholders of $5.5 million or $0.12 basic and diluted earnings per share. Net income attributable to Aegean shareholders adjusted for the sale of non-core assets was $6.1 million or $0.13 basic and diluted earnings per share. EBITDA of $19.7 million. EBITDA adjusted for the sale of non-core assets was $20.2 million.
Shipbuilding Merger: Oregon Iron Works and Vigor
Oregon Iron Works (OIW) and Vigor Industrial (Vigor) today announced the companies are merging to unite their strengths in advanced manufacturing, shipbuilding and ship repair. Under the terms of the merger, OIW will become a wholly owned subsidiary of Vigor Industrial. The combination creates the critical mass of innovation, infrastructure and financial strength needed to pursue even more complex projects, enter new markets and win more work than either could separately. “I’ve…
CWind Launches German Subsidiary
CWind announced the launch of its wholly-owned subsidiary in Germany. CWind Germany will be headquartered in Hamburg and will be responsible for the sales and marketing of CWind’s services in Germany. The company has also said it has won the license to lease employees under German law, known in Germany as ‘Arbeitnehmerüberlassungslizenz’ and is now in a position to lease employees as third party technicians to German client companies. CWind is building a leading position in the U.K. and Germany and is looking at opportunities to further expand its footprint in the region.
Aegean to Acquire $11mln Fuel & Storage Contracts
Access to Busiest U.S. Container Port Significantly Enhances Aegean's Global Marine Fuel Capabilities. Aegean Marine Petroleum Network Inc. (NYSE: ANW) has announced that it has agreed to acquire 28,567 metric tons of marine fuel and assume a storage contract with Vopak Terminal Los Angeles for a total purchase price of approximately $11 million at an auction of OW Bunker's assets. The ports of Los Angeles and Long Beach combined form the largest container port in the United States with annual volumes of 14.6 million TEU's in 2013 and serve as the key trade hubs between North America and Asia. E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network…
Norsafe Enters the Cruise and Passenger Ferry Market
Lifeboat manufacturer Norsafe has developed a new partially enclosed lifeboat (PELB) for passenger vessels: the SOLAS compliant Minima 88, a compact 8.8m long boat with a width of 4.25m for 150 persons. Norsafe said it has received an order from Chinese shipbuilder Xiamen Shipyard to provide six of its new Minima-88 lifeboats with compatible LHD-200 davits for Finland based operator Viking Line. The ferry newbuild is due to enter service in 2021 on routes across the Baltic Sea between Turku, Finland and Stockholm, Sweden.
Maritime Worries Over Ship Inspections
The Maritime Union of New Zealand is concerned about the reduction in monitoring of international shipping by Maritime New Zealand, the Government agency responsible for ensuring a “safe, secure and clean” maritime environment. Less than half of “Priority 1” vessels (49%) coming into New Zealand were inspected in the 2014/2015 year, according to Maritime New Zealand’s annual report. That is well beneath the target of 70% inspections for the year, and the 82% of inspections achieved in the 2013/2014 year.