Marine Link
Thursday, May 24, 2018

Europe News

ABS to Class Kyklades VLCCs

ABS said it has been selected to class two additional very large crude carriers (VLCC) being built for Greek shipping company Kyklades Maritime Corporation. The contract brings the number of Kyklades VLCC orders classed by ABS to four, with two already under construction.The 319,000-dwt vessels, each 330 meters long, are being built by Korean shipbuilder Hyundai Heavy Industries (HHI) and are expected to be delivered in 2020.ABS Vice President, Europe, Vasillios Kroustadis, said, “ABS is the number one class society in Greece and a global leader in the classification of tankers. Our selection for this project reflects our strong reputation in both areas.”ABS said it has a 29 percent share of the global tanker orderbook.

​Guthrie to Direct KVH Initiatives in Asia-Pacific Region

Mark Guthrie (Photo:  KVH Industries)

KVH Industries, Inc. announced that Mark Guthrie has been named KVH’s vice president for the Asia-Pacific region.Guthrie will oversee all KVH activities in this area, which is of vital importance in the mobile connectivity market. Mobile tech innovator KVH provides connectivity solutions for the maritime market, including global mini-VSAT Broadbands services used by thousands of vessels worldwide.Guthrie joined KVH in 2013, and has held a variety of roles, most recently serving as vice president for global channel management.

Russia's First Sea-borne Nuclear Power Plant Arrives in Arctic

Akademik Lomonosov (Photo: Rosatom)

Russia's first-floating nuclear power plant arrived in the Arctic port of Murmansk over the weekend in preparation for its maiden mission, providing electricity to an isolated Russian town across the Bering Strait from Alaska.The state company behind the plant, called the "Akademik Lomonosov", says it could pioneer a new power source for remote regions of the planet, but green campaigners have expressed concern about the risk of nuclear accidents. Greenpeace has called it the "nuclear Titanic".Russian state nuclear company Rosatom…

Iran's Oil Customers in Europe Might Reduce Imports

© compuinfoto / Adobe Stock

European oil companies are not ruling out reducing Iranian oil imports after the threat of new U.S. sanctions, with some expecting banking issues to hinder trade, but there was no rush to immediately cut volumes.U.S. President Donald Trump said on Tuesday the United States was exiting an international nuclear deal with Iran and would impose new sanctions that seek to reduce oil exports from OPEC's third-largest producer.But as of Friday, companies in Europe said they were still taking Iranian oil.

LNG is the Bridge to ‘Zero Emissions’ Shipping

(Photo: Skangas)

The advent of industry wide tightening of allowable sulfur emissions is getting nearer. Suddenly, with the deadline now little more than one year away, the countdown clock will very soon be ticking much louder. Simply stated, the cap on allowable sulfur content in marine fuels, presently at 3.5 percent in many geographical regions, will be reduced to 0.5 percent in January 2020. The 0.1 percent sulfur cap, already in effect since 2015 in coastal Emissions Control Areas (ECAs) in Europe and North America…

ZIM Names Destriau CFO

(Photo: ZIM)

ZIM Integrated Shipping Services Ltd. announced that Xavier Destriau will take over as the company’s new CFO, effective June 15, 2018. He will replace Acting CFO, Yohai Benita, who has completed his position at ZIM.Destriau has worked at CMA-CGM for 10 years and has served as Vice President - Head of Group Financing from 2014 to 2016. Destriau will be joining the company after two years as Strategic Advisor to Founder and Interim CFO of LTF Partners, an exclusive advisory firm with special expertise in emerging and frontier markets.

Offshore Wind Market in Aberdeen

Photo: UK Chamber of Shipping

The sight of offshore wind turbines off the coast of Aberdeen symbolises a change in direction for the city, its energy mix and its offshore industry, says a press release by  UK Chamber of Shipping. Looking out to sea from Aberdeen, a gaggle of offshore wind turbines floats among the usual scattering of offshore support vessels waiting at anchor. Beside them waits an enormous wind turbine installation vessel (WTIV), recognisable by its four upright jack-up legs, which are raised above the water while the ship is not in service.

Norway Expects Gas Export Prices to Slip in 2019

© Carabay / Adobe Stock

Prices of Norwegian gas exports are likely to rise slightly this year amid strong demand, but will fall back in 2019 as liquefied natural gas (LNG) deliveries in Europe are expected to increase, the government said in its revised budget on Tuesday.Europe's largest gas supplier after Russia forecast gas export prices would rise by 0.1 crowns per standard cubic metres (sm3) to average 1.8 crowns (22.43 U.S.

Muted Capesize Activity Weighs on Baltic Index

© Eugene Sergeev / Adobe Stock

Interview: Volvo Penta's Ron Huibers

Ron Huibers, President, Volvo Penta of the Americas. Photo: Ron Huibers

As Volvo Penta continues its strategic penetration of the commercial maritime sector, Maritime Reporter & Engineering News checks in with Ron Huibers, President, Volvo Penta of the Americas. When we first met with you a few years ago, Volvo Penta was in the early stages of a strategic move into the commercial maritime sector in North America. Please update your progress. Historically, we have been strong in the marine commercial markets outside of North America. Five years ago…

Ideol, STX to Develop Next-Generation Offshore Substations

Photo:  Ideol

Ideol and STX Europe Offshore Energy, the well-known EPCIM supplier of substations to the bottom-fixed offshore wind industry, announce the development of a breakthrough floating substation. This one will be compatible with both bottom-fixed and floating offshore wind farms. Their universal and modular solution is expected to impact the market of offshore substations and aims at being market-ready for France’s upcoming floating commercial tenders. Based on Ideol’s patented and shallow-draft Damping Pool® concept and designed to operate in the world most extreme environments…

Diesel Tankers Turn to New York after Stocks Drop

© GM.Simon / MarineTraffic.com

Tankers carrying diesel from Asia and Europe, including a giant 200,000 tonne cargo, are sailing towards New York where fuel supplies have dropped to a three-year low in recent weeks.The very large crude carrier (VLCC) Maran Aphrodite changed its destination on Friday to New York from its previous port of Rotterdam, according to Reuters ship tracking data.The vessel, which traders said was chartered by Total, left Singapore earlier this month.Several tankers have also been booked to go from Europe and the Baltics to the port of New York, a relatively rare route.

Europe’s First LNG Dredger Conversion Underway

(Photo: Damen)

Work has kicked off at Damen Shiprepair Dunkerque to convert the trailing suction hopper dredger (TSHD) Samuel de Champlain from diesel-electric propulsion to dual-fuel capability combining marine gas oil (MGO) and liquefied natural gas (LNG). A ceremony was held at the yard to mark the first cutting of steel for the prefabrication of a new section of hull that will hold the new generators and other equipment.Present at the occasion were Jean-Pierre Guellec, CEO of GIE Dragages-Ports…

Nord Stream 2 Dredging Starting Off German Coast

An ROV operates from the vessel Trio to explore the seabed close to Lubmin, Germany. (File photo: © Nord Stream 2 / Axel Schmidt)

A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel."Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said.

Photo of the Week: Clean Containership

© Herbert Boettcher 2018

View onto the cleaned container vessel before new cargo will be loaded. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language. already received numerous awards for his applied and free photographic work.

New Hyundai Container Service Serves Hamburg

The 'Hyundai Forward' is one of ten smaller Panamax container ships in the new AEX service Photo: © HHM/Hasenpusch

The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April. The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4,700 TEU. A total of ten units of these comparatively small Panamax container ships will rotate weekly between Busan (Korea), Shanghai (China), Ningbo (China), Kaohsiung (China), Yantian (China), Singapore, Colombo (Sri Lanka)…

Maersk Line Rolls out Exclusive Transatlantic Service

Photo: Maersk Line

Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly service will be a five-vessel rotation stopping in Salerno and La Spezia (Italy), Fos-sur-Mer (France), Algeciras (Spain), Montreal and Halifax (Canada), and Valencia (Spain). Other Mediterranean…

Norway Worried by Intensified Russian Naval Activity

Russia has increased its naval activity in international waters close to Norway and its military capabilities are a growing concern, Norway's navy chief said on Thursday. Norway has an Arctic border with Russia and its economy is highly reliant on its free access to the seas. Rear Admiral Nils Andreas Stensoenes, Chief of the Royal Norwegian Navy, told Reuters it was Russia's legal right to operate in international waters. "We are worried about the increase in activity and the increasing capability because that might be used to their advantage and to our disadvantage later," he said on the sidelines of a Royal United Services Institute conference in London.

FMC Commissioner Doyle on P3 Final Decision

FMC Commissioner William P. Doyle

U.S. Federal Maritime Commissioner William P. The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping market. The U.S. Federal Maritime Commission had the responsibility to review the P3 Parties’ submission for their vessel network sharing alliance on the Trans-Pacific and Trans-Atlantic trade routes. The Commission did not have jurisdiction over the Asia-Europe service route; therefore, the FMC did not issue a decision with respect to that route.

Turkmenistan Seeks to Tap into East-West Cargo Flows with New Seaport

© stdemiriz / Adobe Stock

Turkmenistan on Wednesday opened a new $1.5 billion cargo and passenger seaport on the Caspian Sea aiming to boost its export revenues by handling shipping traffic between Asia and Europe.The Central Asian country's main source of hard currency is its gas exports, which took a hit when Russia, once its main customer, stopped all purchases in 2016 after a pricing dispute.The port, in the city of Turkmenbashi, will more than triple Turkmenistan's cargo handling capacity to 25-26 million tonnes a year…

European Sea Ports Organisation Seeks Support for Connecting Europe Facility

Herald Ruijters. Photo: ESPO

The European Commission (EC) proposal for the Multi Annual Financial Framework 2021-2027 adopted on Wednesday 2 May reserves a similar budget for the Connecting Europe Facility (CEF), the financial instrument for Transport, in the current financial period. The proposal foresees 12,8 billion EUR under the general envelope, 11,3 billion EUR for transport projects in Cohesion countries and a new envelope of 6,5 billion EUR for investments in transport infrastructure for dual civilian-military use.

EU Budget Proposal to Support Decarbonisation

Photo: ECSA

The European Community Shipowners’ Associations (ECSA) is positive towards the proposal for the EU budget 2021 – 2027 published earlier this week. Specifically the large increase of the EU budget for Research, Innovation and Digital and for Climate and Environment could provide resources to support the European shipping industry in its transition to decarbonisation. The International Maritime Organization (IMO) adopted in mid-April an initial strategy to reduce the total annual greenhouse gas (GHG) emissions from ships by at least 50% by 2050 compared to 2008 levels.

Could US Sanctions Hit Iranian Crude Exports?

Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers, joining the effort, as the EU did in 2012, it will be harder for Washington to hit Iran where it really hurts.U.S.

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion Edition

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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