Gibdock Momentum Builds On Variety
High levels of occupancy during the first two months of 2020 and strong forward bookings are sustaining momentum for Gibdock, following a surge in demand for the Gibraltar repair yard in the last quarter of 2019.One standout project involving significant complexity saw Gibdock undertake extensive repairs to Juvel at the end of 2019, after the Aker Biomarine fishing vessel suffered extensive fire damage off South America. Over several months, the 99.5-meter-long Juvel required retrofitting across four decks…
VesselsValue Warning on Tanker Market
According to VesselsValue, the recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market, after a positive autumn and winter."In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates," it said.Last summer, the US put sanctions on a number of Chinese Tanker owners. Due to the opaque ownership structures of the fleets, charterers stayed well clear of any vessel possibly related, thus…
Ferry Industry Sets Pace on Critical Solutions
Interferry CEO Mike Corrigan describes a distinctly upbeat period in the worldwide ferry community – and explains how the global trade association plans to take its support to far-reaching new levels.There are times when the phrase “there are three kinds of lies: lies, damned lies and statistics” seems all too true, but here’s an honest number for you – ferries carry a global total of more than 2 billion passengers a year, which is almost on a par with airlines.Hard to believe? Not for those of us in the industry, but almost certainly for many citizens and politicians.
Interferry Charts a Course for Growth
Interferry CEO Mike Corrigan explains why the global trade association is poised to take its work to the next level.While I respect the mantra of cautious optimism, I can’t help feeling genuinely excited that 2019 could prove to be a milestone year in the continuing growth of Interferry’s influence as the global voice of the ferry industry. We’ve come a long way since our US origins in 1976 as what was essentially a networking movement, but developments in recent months already suggest we are on course for yet more enhancement of our present-day worldwide networking and lobbying relationships.
Hudson Shipping Says No to Scrubber
Global dry bulk supply chain management company, Hudson Shipping Lines Inc announced as part of its ongoing ‘green’ initiatives, that following the implementation of the IMO2020 sulphur cap on January 1, 2020, it will not employ vessels with scrubbers installed for the purpose of meeting the new IMO standards.Company President Avi Eilon stated, “We have thoroughly investigated the use and operation of exhaust gas scrubbers and have found that they simply transfer the pollution…
Shell Marine Launches New Lubricant
Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO) ahead of the IMO sulphur cap 2020.With a Base Number of 40, Shell Alexia 40 has been developed to optimise equipment performance and condition as ship owners and charterers prepare for the International Maritime Organization’s (IMO’s) 0.50% global sulphur limit for marine fuels in 2020.Shell Marine expects most of…
Can the Cruise Shipping Boom Continue?
As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly 2 million from the previous year. By year end 2019 CLIA members – a veritable ‘who’s who’ of the largest brands – will have 272 vessels…
Singapore Bans Open-Loop Scrubbing
The Maritime and Port Authority of Singapore (MPA) said that it is banning the discharge of "wash water" used in ships to scrub engine exhaust, with effect from Jan 1, 2020, said a report in Reuters.The vessels will have to use compliant fuel once the IMO 2020 sulphur cap comes into force.The report said that the ban of so-called open-loop scrubbers is part of an effort to prepare one of the world’s busiest ports for International Maritime Organization (IMO) rules that come into force in 2020 and oblige ships to use cleaner fuels.Andrew Tan…
Golden Ocean Group Reports Profit in Q2
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarter of 2017.The Norway based dry bulk shipping company has entered into a $120 million loan facility to refinance 10 vessels on favorable terms. It delivered the Golden Eminence, a Panamax vessel, to her new owner in early August 2018.The company has also signed contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations.Birgitte Ringstad Vartdal…
P&O Cruises' Ventura Gets a Facelift
The P&O Cruises Grand-class cruise ship Ventura has completed a two-week docking at Damen Shiprepair Brest. Launched in 2008, this was the first visit of the 290-metre, 116,000 DWT vessel to the yard, where she underwent a regular docking together with a range of maintenance works. Major features of the maintenance program included the installation of two exhaust gas scrubbers, for which Damen Shiprepair Brest (DSBr) designed, manufactured and installed a seachest. While the Ventura was in DSBr’s Drydock number 3…
Deltamarin Bags Ro-pax Design Contract
Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the yard with basic (approval) and detail design together with Safe Return to Port (SRtP) documentation. The contract covers all disciplines and all areas. The value of Deltamarin’s contract with GSI is about €5 million ($6.2 million).
Finnlines Continues to Add Capacity
Finnlines said it is continuing capacity expansion efforts in response to growing volumes. The Baltic Sea ro-ro and passenger vessels operator has purchased MS Europalink as reports further progress in its vessel lengthening program. Finnlines Plc’s fully owned Swedish subsidiary, Rederi Aktiebolaget Nordö-Link, has purchased a Star class passenger-freight vessel, MS Europalink, from the Grimaldi Group in accordance with an earlier signed purchase agreement. MS Europalink will be fitted with exhaust gas scrubbers in mid-March and will sail under Swedish flag…
One Third of Shipping Will Opt for Scrubbers -Foreship
Ship owners weighing future marine fuel choices after the International Maritime Organization’s (IMO) 2020 0.5 percent sulphur cap should also consider oil company expectations that up to 30 percent of commercial shipping will gravitate back to high sulphur fuel oil by 2030, according to naval architecture and engineering consultancy Foreship. With just over 100 ships running on liquefied natural gas (LNG) today, the number in service is likely to remain below 500 by 2020. At the same time…
Protecting Marine Diesel Engines from Cat Fines Damage
DNVPS has warned that cat fines levels are increasing year by year. Lower sulphur marine fuels have even higher cat fines levels than typical heavy fuel oils (HFO). The ExxonMobil MobilGard lube oil monitoring service, concludes that 43 percent of all ships “have a potentially catastrophic issue with cat fines,” based on testing more than 400,000 marine diesel oil samples. So, cat fines are a very serious threat to every ship burning heavy fuel oils. What is the solution? Many have studied this serious problem, and all have come to the same basic conclusion: eliminating the 3 to 5 micron cat fines (and larger) will prevent the cat fines from damaging fuel injection pumps, fuel injectors, piston rings, pistons, cylinder liners, exhaust valve seats and stuffing box seals.
Nearly Half of Interlake Fleet Fit with Scrubbers
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. In 2016, the company outfitted its first thousand foot vessel, the M/V James R. Barker, and its 826-foot M/V Lee A. Tregurtha in its second phase of exhaust gas scrubber implementation.
Case Study: 18-day Exhaust Gas Scrubber Install
Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust gas scrubbers on one of its ships to comply with sulfur emissions regulations. The vessel is powered by four GMT/Sulzer 16ZAV40S and two GMT/Sulzer 12ZAV40S diesel electric generating sets. The project involved the evaluation, planning, design and installation of two 10+ meter long exhaust gas scrubber towers on Diesel Generators #1 and #2 with a deadline to complete the operation before the end of the vessel’s dry dock period in a U.S. port.
Clean Shipping on the Great Lakes
Maritime Reporter & Engineering News recently spoke with Mark Barker, president of The Interlake Steamship Company, who has sent its fourth vessel — its second 1,000-footer — to be outfitted with exhaust gas scrubbers. After seriously pursuing the possibility of converting its ships to run on liquefied natural gas (LNG) several years ago, U.S. based Great Lakes shipper The Interlake Steamship Company found that the region’s LNG infrastructure was simply not present to support such conversions.
First Steel Cut for Norwegian Bliss
Norwegian Cruise Line is celebrating the cutting of the first piece of steel for Norwegian Bliss, the line’s sixteenth vessel and the first one designed for the ultimate Alaska cruising experience. Norwegian Cruise Line Holdings and MEYER WERFT executives gathered at the MEYER WERFT Laser Center in Papenburg, Germany on October 28 to mark the ceremonial start of construction of Norwegian Bliss, which is set for delivery in Spring 2018 and will be the twelfth Norwegian ship built by MEYER WERFT.
Scrubbers Installed on Another Great Lakes Bulker
The Interlake Steamship Company’s M/V Lee A. Tregurtha sailed today from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wisc., becoming the shipper’s third self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. Earlier this month, the M/V James R. Barker sailed as the fleet’s first 1,000-footer with scrubbers. “With the Lee A.
Interlake Steamship Continues Scrubber Upgrades
The M/V James R. Barker sailed Sunday from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wisc., becoming Interlake Steamship Company’s first 1,000-footer and its second self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. “Implementing this innovative scrubber system on our 1…
Interlake Steamship Begins 2016 Sailing Season
The Interlake Steamship Company’s Dorothy Ann-Pathfinder, an articulated tug-barge unit (ATB), departs winter layup today to begin early-season shuttles of iron ore for ArcelorMittal, an integrated steel and mining company with blast furnaces at the head of the Cuyahoga River. A workhorse of Interlake’s nine-vessel fleet, the combined 711-foot Dorothy Ann-Pathfinder is one of Interlake’s two River-Class vessels, a designation given to ships that can traverse the narrowest harbors of the Great Lakes.
Matson Declares 4Q EPS of $0.60, FY EPS $2.34
Matson, Inc. today reported net income of $26.6 million, or $0.60 per diluted share for the quarter ended December 31, 2015. Net income for the quarter ended December 31, 2014 was $27.8 million, or $0.63 per diluted share. Consolidated revenue for the fourth quarter 2015 was $494.8 million compared with $443.5 million reported for the fourth quarter 2014. For the full year 2015, Matson reported net income of $103.0 million, or $2.34 per diluted share compared with $70.8 million, or $1.63 per diluted share in 2014.
Low Bunker Prices Benefit Ship Owners in 2015
As 2015 draws to a close and the Worldscale Organisation published the new 2016 Flat Rates, Poten and Partners goes through the annual exercise of updating Flat Rates in its systems. This highlighted once again the significant changes in bunker prices that occurred over the last 2 years. The Worldscale Organisation calculates Flat Rates based on average bunker prices over the period from October 1 of the prior year to September 30. The 2015 Flat Rates were based on Heavy Fuel Oil (HFO) prices of $614.81/metric tonne (MT) while the 2016 Flat Rates use prices of $367.55/MT, a reduction of 40%.