Fleet Management Managing Director Rajvanshy Steps Down
Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the worldâs largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEETâs parent company, The Caravel Group, will co-lead FLEET with Rajvanshy â where Rajvanshy will continue to manage the technicalâŚ
Ammonia Bunkering Study Kicks Off in Savannah
An international group of maritime industry partners are conducting a feasibility study with the aim to establish a commercially viable green ammonia ship-to-ship (STS) bunkering network on the U.S. East Coast.The study, to be carried out at the Port of Savannah in Georgia, will cover the entire end-to-end supply chain of ammonia bunkering, which includes the development of a cost-effective green ammonia supply chain, the design of an ammonia bunkering articulated tug-barge (ATB)âŚ
FLEET and Marubeni Form New Ship Management Company
Ship management company Fleet Management Limited (FLEET), part of the Caravel Group, said it has launched a new integrated ship management unit â MaruFleet Management Pte Ltd â in Singapore in collaboration with MMSL Pte. Ltd. (MMSL), a Singapore subsidiary of Marubeni Corporation. MaruFleet will provide dedicated ship management services to MMSL. Kishore Rajvanshy, FLEET Managing Director, said the relationship between FLEET and Marubeni began in 2014 when FLEET began to manage MMSLâs first Supramax bulk carrier, Crimson Queen.
Keppel Offshore & Marine Ammonia Bunker Vessel Get ABS AIP
ABS issued approval in principle (AIP) to Keppel Offshore & Marine for the ammonia-fueled ammonia bunker vessel at the heart of Project Sabre, an initiative from a consortium of organizations to develop an ammonia bunker supply chain in Singapore.As well as ABS, the consortium includes A.P. Moller â Maersk, Fleet Management Limited, Keppel Offshore & Marine, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. and the Maritime & Port Authority of Singapore.The 188-m, 33,000 cu.
GTT Inks Services Deal with Fleet Management
GTT said it has signed a Global Technical Services Agreement (TSA) with Hong-Kong based ship-management company Fleet Management. GTT will support Fleet Management with the shipbuilding supervision, maintenance and operation of the vessels they manage.This agreement includes technical assistance for inspection, maintenance, repairs, operations and engineering services, and access to the HEARS1 emergency hotline, which enables ship-owners, operators and their crews to contact GTTâsâŚ
ABS, Fleet Management Join Force on Cybersecurity
Global provider of classification and technical advisory services to the marine and offshore industries ABS Advanced Solutions and Hong Kong-headquartered Fleet Management Limited signed an agreement to implement the ABS industry-leading cyber security solution for Fleet Managementâs 220-vessel liquid cargo fleet.âFleet Management Limited is one of the worldâs leading ship management firms, and their decision to select the ABS FCI Cyber Risk model underlines its position as an industry leader,â said Russell Medeiros, Vice President, ABS Advanced Solutions.âWorking together, we will provide a comprehensive cyber security solution to assist in ensuring compliance with the International Maritime Organization (IMO)âŚ
Alterna Product Tankship Purchases Financed by CIT
CIT provides $61.8-million financing to Alterna Capital Partnersâ Portfolio Company to acquire three âECO-Designâ product tankers. CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT ECO-design Medium Range (MR) IMO II/III product/chemical tankers from STX Offshore & Shipbuilding Co., Ltd. The tankers are owned by Sterling Ocean ShippingâŚ
Prem Kumar Added to EPA Fugitive List
WASHINGTON â Prem Kumar, also known as Premakumaran Krishnan, a citizen of India, has been added to the U.S. Environmental Protection Agencyâs (EPA) fugitive list for failing to surrender to federal law enforcement authorities after he was indicted for his role in an illegal ocean-going vessel wastewater discharge case. Illegally discharging wastewater into the ocean threatens aquatic life and can lead to fish kills, contamination of fish and shellfish, and may have long-term ecological effects.
Prison Sentence For Cosco Busan Pilot
John Joseph Cota, the pilot who caused the Cosco Busan, a 900-ft long container ship, to collide with the San Francisco Bay Bridge and discharge approximately 53,000 gallons of oil into San Francisco Bay, was sentenced to serve 10 months in federal prison by U.S. District Court Judge Susan Illston for the Northern District of California, the Justice Department announced. Cota, who was a licensed bar pilot at the time of the collision, gave commands that caused the 65,131-ton Hong Kong-registered ship to collide with the bridge on Nov. 7, 2007. Cota was sentenced according to an agreement in which he pleaded guilty to negligently causing discharge of a harmful quantity of oil in violation of the Clean Water Act (CWA)âŚ
Multiple Factors Caused Container Ship Accident
The National Transportation Safety Board determined on Feb. 18 that a medically unfit pilot, an ineffective master, and poor communications between the two were the cause of an accident in which the Cosco Busan container ship spilled thousands of gallons of fuel oil into the San Francisco Bay after striking a bridge support tower. On November 7, 2007, at about 8:00 a.m. PST, in heavy fog with visibility of less than a quarter mile, the Hong Kong- registered, 901 ft container ship M/V Cosco Busan left its berth in the Port of Oakland destined for South Korea. The San Francisco Bay pilot, who was attempting to navigate the ship between the Delta and Echo support towers of the San Francisco-Oakland Bay BridgeâŚ
Cosco Busan Management Company Charged
A federal grand jury in returned a second superseding indictment charging Fleet Management Limited, a ship management company, with negligently causing the discharge of 50,000 gallons of oil from the Cosco Busan and falsifying documents after the crash to cover-up the companyâs negligence, the Justice Department announced today. Fleet Management, the company responsible for operating the Cosco Busan, was charged with six felony counts for making false statements and obstruction justice. According to the indictment, Fleet Management, acting through senior ship officers and shore-based supervisory officials, concealed and covered-up documents with an intent to impede, obstruct and influence the investigation of the spill. The falsified documents include a fictitious passage plan for Nov.
