Charting the Next 100 Years of Naval Station Norfolk
What does the future hold for Naval Station Norfolk, the world’s largest naval station? Building on the accomplishments of the last 100 years, leading experts will consider the possibilities and navigate toward a secure and sustainable future at the upcoming symposium, Naval Station Norfolk: Charting Our Next 100 Years, Friday October 20th at the Main, hotel and conference center. The Future Fleet Design session will be conducted by VADM Richard P. Breckenridge from 9:00 a.m. to 10:30 a.m.. The session will discuss the USFF Fleet Design Plan that will drive the implementation of Fleet Design by 2023. The presentation on Fleet Design will define how the fleet…
Mackay Communication, Inmarsat Partner
Mackay Communications Inc., a worldwide marine electronics and airtime service provider, has announced it has signed a partner agreement with Inmarsat (LSE: ISAT.L) to distribute its award-winning Fleet Xpress service to the global maritime market including deep sea vessels, commercial fishing, oil and gas, defense, and cruise-passenger lines. Mackay will offer a complete end-to-end Fleet Xpress package including the full range of Fleet Xpress airtime service options and choice of approved antennas.
AHTS Fleet Secures Long-Term Investment
Hartmann Group, the independent family-owned shipping company, announces the recapitalisation of an 11-strong fleet of Anchor Handling Tug Supply (AHTS) vessels through a partnership with, and long-term investment from, Breakwater Capital and Hayfin Capital Management. Agreed with the financing banks on October 12 2017, the deal provides the fleet with immediate stability and the potential for growth. Following the deal, full ship management of the fleet remains with the former owners…
Victor Restis Buys Stake in Globus Maritime
Globus Maritime Limited, a dry bulk shipping company, announced that it has signed a share and warrant purchase agreement providing for the issuance, for gross proceeds of $2.5 million in a private placement to a private investor. The Company intends to use the proceeds from the sale of common shares and warrants for general corporate purposes and working capital. "Restis has significant experience in shipping and currently runs a fleet of approximately 40 vessels. We continue…
Navios Acquires Two Container Vessels
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has agreed to acquire two 2009-built 4,250 TEU container vessels for an aggregate purchase price of $19.75 million. The vessels are expected to be delivered to Navios Containers’ fleet in early November 2017. Based on the current rate environment, the vessels are expected to generate approximately $1.5 million of EBITDA over the next twelve months, based on fixed operating expenses and 360 revenue days.
BBC Chartering, Jumbo Shipping Team Up in Global Project Alliance
Two market leaders in their respective fields, Jumbo and BBC Chartering have agreed to an exclusive strategic co-operation; the “GLOBAL PROJECT ALLIANCE”, effective immediately. This unique co-operation between two family-owned companies brings together established and reputed heavy-lift expertise and massive fleet capacity. The alliance is a mutually-shared aspiration to provide comprehensive solutions to customers on a global scale. “Jumbo and BBC Chartering make a great match, which one can truly call ‘the biggest and the best’.
USS Monterey Deploys as Surge Force
The Ticonderoga-class guided-missile cruiser USS Monterey (CG 61) departed Naval Station Norfolk Oct. 16, for a surge deployment to the U.S. 5th Fleet and U.S. 6th Fleet areas of operation. Monterey is deploying to support maritime security operations and to increase theater security cooperation and forward naval presence. The guided-missile cruiser USS Monterey (CG 61), a component of Carrier Strike Group (CSG) 10, returned to Naval Station Norfolk following a 7 1/2 month long deployment to 5th and 6th Fleet area of operations Jan. 19. She is part of the Navy's Optimized Fleet Response Plan.
Transocean Wins BHP Work
Transocean announced that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in the second quarter of 2018. “We are extremely pleased to continue working with BHP,” said President and Chief Executive Officer Jeremy Thigpen. “Since we welcomed the Invictus into our fleet in 2014…
Cautious Optimism on Multipurpose Shipping: Drewry
Recovering demand for multipurpose shipping combined with improved market conditions for competing sectors will result in rising market share for the multipurpose shipping fleet and a recovery in freight rates in 2018, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Although China’s plans to curb steel production in an attempt to clean-up the air pollution blighting its cities may well slow steel exports over the short term, the longer term outlook is still positive for the multipurpose and heavy lift sector.
DNV GL Rolls Out Electronic Certificates Across Entire Fleet
In a first for the ship classification industry, DNV GL has commenced the roll out of IMO compliant electronic class and statutory certificates across its entire fleet. The widespread use of electronic certificates will result in significant efficiency gains for ship owners, charterers, regulators and crew, cutting down administrative burdens, processing time and document handling costs. For the past few years, DNV GL has been working on pilot projects with several owners and flag administrations, to test and gain acceptance for the use of electronic certificates.
Market Snapshot: Offshore Outlook
Notwithstanding the recent surge in crude oil prices, it isn’t lost on anyone that the offshore oil exploration business is, and has been for some time, in the doldrums. In the U.S. Gulf, that pain can be seen through Chapter 11 filings and the sobering specter of vessel after vessel rolling off the shipyard ways and directly into cold iron layup. And, it doesn’t help that the shore-based shale drillers have not only found a way to drastically reduce their operating expenses, but also how to turn the valve off and on, seemingly at will, in response to market conditions.
Tanker Scrapping on the Rise
One of the main contributors to the low tanker rates experienced during 2017 has been high fleet growth, particularly in the large crude tanker sectors, says a report from Teekay. This is partly due to a heavy delivery schedule as a result of orders placed in 2015, but it also due to very low levels of tanker scrapping. However, it appears as though the tide my be turning. Tanker scrapping was virtually non-existent in 2015 and 2016 with around 2.5 mdwt of tankers scrapped in each year.
US Shipbuilding: The Road Ahead
Matt Paxton, president of the Shipbuilder’s Council of America, shares with Maritime Reporter & Engineering News his insights on the opportunities and challenges ahead. The United States shipbuilding market is diverse and geographically widespread, tasked to build everything from the most sophisticated military warships on the planet to small ferries, and everything in between. As president of SCA since 2007, Matt Paxton has made it job one to make SCA a unifying voice for the collective industry, a champion of the industry in raising its profile and stature in political and business circles.
LCE Wins $18.7 Mln Contract to Support Pearl Harbor Naval Shipyard
Life Cycle Engineering (LCE) said it has been awarded a $18.7 million, five-year contract from Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNSY & IMF) to continue to provide Code 200 with engineering services in support of critical submarine maintenance availabilities. As the largest and most comprehensive fleet repair and maintenance facility between the U.S. West Coast and the Far East, PHNSY & IMF has served the nation since 1908 when it was created as a coaling and repair station. The shipyard earned its motto “We Keep Them Fit to Fight” during its pivotal role in World War II and has supported the U.S. Navy Fleet in all 20th and 21st century international conflicts.
Dualog Wins 90-Ship Thenamaris Contract
Dualog, the digital platform at sea, has won a contract to handle the business email and data transfer needs for 90 vessels managed by Thenamaris of Greece. Thenamaris, one of Greece’s most respected ship managers, operates a diversified fleet of tankers, bulk carriers, LNG and LPG vessels as well as containerships. It selected Dualog for its mission critical email platform as well as the ease of installation, service availability and customer support. Services associated with the contract, which will involve changing and installing the fleet’s new email platform, should be completed by the end of October.
Patrol Vessels Delivered to Bangladesh Coast Guard
Two Minerva class corvettes decommissioned by the Italian Navy have been delivered to the Bangladesh Coast Guard (BCG) following upgrade and conversion at the Fincantieri shipyard in Muggiano, La Spezia. Urania and Danaide, renamed Karamuzzaman and Mansoor Ali, are the final two units part of the supply contract of four offshore patrol vessels (OPV), to the BCG, which have been retired from the national fleet in March 2016. Together with Minerva and Sibilla, renamed Syed Nazrul and Tajuddin and delivered in August 2016…
HMAS Hobart Sets Sail
HMAS Hobart has “slipped her lines” and set sail for the first time since commissioning on 23 September 2017. Her departure from Fleet Base East, Garden Island, Sydney on Wednesday heralded the much anticipated return to sea for the Guided Missile Destroyer (DDG) of the Royal Australian Navy. During her journey to and from Jervis Bay on the New South Wales south coast, HMAS Hobart’s ship’s company will perform a series of exercises to test core mariner skills. Commanding Officer, HMAS Hobart, Captain John Stavridis, said the ship’s company were eager to put their skills to the test.
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio. “These vessels will significantly increase BP’s ability to safely transport LNG to anywhere in the world, directly supporting BP’s global natural gas strategy,” said BP Shipping CEO Susan Dio. The new ships are designed to be about 25 percent more fuel efficient than their predecessors, BP said.
Theodore Roosevelt Carrier Strike Group Departs for Deployment
The Nimitz-class aircraft carrier USS Theodore Roosevelt (CVN 71) departed San Diego for a regularly scheduled deployment, Oct. Theodore Roosevelt, the flagship of Carrier Strike Group (CSG) 9, will join USS Bunker Hill (CG 52), USS Halsey (DDG 97), USS Sampson (DDG 102) and USS Preble (DDG 88) for a routine deployment. The Theodore Roosevelt Carrier Strike Group deployment is an example of the U.S. Navy's routine presence in waters around the globe, displaying commitment to stability, regional cooperation and economic prosperity for all nations. "The U.S.
Orest Sychenikov, First Head of Novorossiysk Shipping Company, Passed Away
It is with great sadness that the Sovcomflot management and team must announce a monumental loss to the Russian shipping community. On 9 October 2017, Orest Sychenikov, first Head of Novorossiysk Shipping Company, passed away at the age of 95. On 9 October 2017, we lost a highly educated man, a talented leader who made a massive contribution to the strengthening and development of Russian maritime navigation. Orest Sychenikov was born on 28 June 1922. In 1941, he was called up to the Red Army to fight in the Second World War, during which was seriously wounded in 1943.
Genco Opens Singapore Office
Genco Shipping & Trading Limited said it has opened an office in Singapore and has appointed Ivo Kempenaer as Vice President and Commercial Director, Head of Major Bulks. “Genco continues to take important steps to optimize our commercial strategy and enable the company to more fully capitalize on its leading and sizeable operating platform. We are excited to establish a Singapore presence and grow our footprint globally, supporting our efforts to offer a full-scale logistics solution and strengthen relationships with leading iron ore producers and charterers worldwide.” John C.
Master Marine Delivers for Waterfront Services
Master Marine has delivered the first of four 67’ x 28’ fleet boats to Waterfront Services Co. Each boat will be powered by a pair of Laborde Products, Inc. S6R2-Y3MPTAW Mitsubishi 803 HP tier III diesel marine engines to be operated at 1,400 RPM coupled to Twin Disc MG 5321, 5:1 gears, E300 electronic controls with RW Fernstrum, Inc. keel coolers. Electrical power was also provided by Laborde Products, Inc. with two Northern Lights M65C13.2S 65KW Tier III electronic controlled generators with RW Fernstrum, Inc. keel coolers. A pair of Sound Propeller Services, Inc.
Shuttle Tankers - Safe, Flexible, Efficient
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper. Shuttle tankers transport crude oil from offshore oil fields to terminals where use of subsea pipelines are not feasible. Major deployment areas include the North Sea and the Brazilian offshore fields. The global fleet has been growing steadily for decades, comprising 88 ships by the end of 2016.