Navios Maritime Containers Acquires Boxship
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it has acquired the Navios Felicitas, a 2010-built, 4,360 TEU containership for a purchase price of USD 11.45 million. The vessel was delivered to Navios Containers’ fleet in December 2017. Navios Containers financed the acquisition of the vessel with cash on its balance sheet and $6.0 million of bank debt under one of its existing credit facilities. Following this acquisition, Navios Containers controls 21 vessels, totaling 88,820 TEU.
Ineos Storage Tanks at Antwerp Port
During the past month a pusher barge moored in the Antwerp port area on the Left bank of the Scheldt carrying four large storage tanks each 50 metres long. These cylinders came from a specialist tank builder in Germany and were carried down the Rhine to Antwerp. After being unloaded they continued their journey by night by special road transport to the Ineos Oxide site in Zwijndrecht. The British chemical company Ineos entrusted coordination of this project to Jacobs Belgium, specialised in project coordination and design…
Iranian Warship Crashes at Caspian Port, Two Crew Missing
An Iranian warship crashed into concrete wave breakers at a port in the Caspian Sea and two of its crew members are missing, according to local media reports. The 100-meter long warship, called Damavand, crashed at the harbour town of Bandar Anzali during stormy seas which kicked up waves as high as four meters, Gilnegah, a website focused on news about the northern province of Gilan, reported. Six crew members from the warship were initially knocked into the water during the accident and four were recovered from the sea. Pictures posted on Gilnegah show the damaged warship listing to one side near wave breakers that protect the port. No official statement has been issued on the number of dead or injured from the accident.
Oil from Sunken Iranian Tanker Diffusing in East China Sea
Oil from an Iranian tanker that sank in the East China Sea has diffused into four separate slicks, covering a combined area of just over 100 square kms (39 square miles), Chinese authorites said late on Wednesday. Earlier satellite imaging showed two large slicks, with the larger one also thicker and more concentrated, but the latest data had found four slicks ranging in size from 48 square kms (19 square miles) to 5.5 square kms (2.1 square miles), the State Oceanic Administration (SOA) said.
MAN's Part-Load Optimization a Fuel Saver
MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo. “We can deliver new engines pre-optimized or retrofit as necessary.
Bahri Dry Bulk Secures Newbuild Finance
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant funding of SAR 360 million (USD 96mln) from Bank Albilad, one of the fast-growing banks in Saudi Arabia. The fund is to finance the purchase of four new bulk carriers as part of an agreement signed by the company in 2017 with Hyundai Mipo Dockyard (HMD), a member of Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding company based in South Korea.
New Patrol Boat Delivered to Puerto Rico PD
The Puerto Rico Police Department (PRPD) has taken delivery of a new patrol boat from Louisiana-based boatbuilder Metal Shark. The new 35-foot Defiant welded aluminum pilothouse patrol vessel, built at Metal Shark’s Jeanerette, La. production facility, joins the fleet of 36-foot Metal Shark Fearless-class high performance center console patrol boats delivered to the PRPD a year ago. The PRPD’s new patrol boat features a fully-enclosed, climate-controlled pilothouse for all weather operation, outfitted with Shockwave shock-mitigating seating for a crew of four, the builder said.
British Frigate Escorts Russian Ships through English Channel
A British frigate escorted Russian ships through the English Channel on Monday, Britain’s defense ministry said, adding that it was the latest sign of an upsurge in Russian naval activity near UK waters over the festive period. Royal Navy frigate HMS Westminster was sent to monitor four Russian vessels over the weekend as they passed close to British waters, the Ministry of Defence (MoD) said, and will stay with the warships as they head north. The MoD added that two Russian frigates…
Indian Navy Decommissions INS Nirbhik, INS Nirghat
The Indian Naval Ships Nirbhik and Nirghat have been decommissioned at Naval Dockyard, Mumbai, after a glorious 30 and 28 years respectively in the service of the nation. The solemn ceremony involved traditional lowering of the ensign and commissioning pendants with playing of ‘Last Post’. The Chief Guest for the ceremony was Rear Admiral R B Pandit, Flag Officer Commanding Western Fleet, who had commanded Nirghat earlier. Cdr V R Naphade, (Retd) and Commodore S Mampully, (Retd), the commissioning Commanding Officers of Nirbhik and Nirghat respectively were the Guests of Honour.
Port Hedland May Clear Ships as Storm Builds off Australia
Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may start clearing vessels on Thursday morning if the tropical low builds overnight into a cyclone off the Western Australia coastline. Port Hedland is used by three of Australia's top four iron ore miners - BHP,, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.
Shell Announces Plan for Penguins Filed Redevelopment
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel. The Penguins field is in 165 metres of water, approximately 150 miles north east of the Shetland Islands. Discovered in 1974, the field was first developed in 2002 and is a joint venture between Shell (50 percent and operator) and ExxonMobil (50 percent).
Four Carnival Brands to Debut New Ships in 2018
Carnival Corporation & plc will roll out four new ships in 2018 across four of its 10 global brands, as the company will add 18 new cruise liners to its fleet between 2018 and 2022. The new vessels to set sail in 2018 will be for Carnival Cruise Line, Holland America Line, Seabourn and AIDA Cruises, and follow three new ships debuted by Carnival Corporation in 2017. “Our fleet enhancement program enables us to manage the overall fleet by aligning new ship deliveries with our strategy for measured capacity growth over time…
TMS Cardiff Gas Places Order at HHI
TMS Cardiff Gas said it signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of one 174,000 cubic meter liquefied natural gas (LNG) carrier, with an option for a second vessel. The newbuild is scheduled for delivery in 2020, when she will enter into a seven year time charter contract with TOTAL Gas & Power Chartering, Limited. This order is the first in the company’s X Carrier Series, which expands the TMS Cardiff Gas fleet of managed vessels to 10 (six LNG carriers and four VLGCs).
Washburn & Doughty Wins Hybrid Tug Orders
East Boothbay, Maine based Washburn & Doughty said it has secured a contract with Harbor Docking and Towing, of Lake Charles, La., to design and build two 93’ x 38’ Hybrid Z Drive Tugs. The 93’ x 38’ hull is a proven design with 18 tugs in operation and 4 under construction. The vessel will be built as a Harbor Assist Vessel as defined in USCG Subchapter M and admeasure less than 200 gross tons U.S. regulatory tonnage. Caterpillar Marine will provide a ‘stem-to-stern’ Cat content hybrid propulsion system, with support from both Milton Cat and Louisiana Cat in the sales effort. The hybrid propulsion system scope includes 3512E (2,550 HP @ 1…
Trump Administration's Infrastructure Plan Taking Shape
The Trump administration is finalizing its long-awaited infrastructure plan, which would push most of the financing of projects to private investment and state and local taxpayers, according to sources familiar with the proposal taking shape. President Donald Trump, who spoke frequently of improving U.S. infrastructure during his 2016 campaign, may preview the plan in his Jan. 30 State of the Union address, but details are not expected until afterward, the sources said. Two people…
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.
Renou Named President of CMA CGM America
CMA CGM said it has tapped Ludovic Renou to lead its U.S. team from its Norfolk, Va. headquarters, effective January 1, 2018. As president of CMA CGM America, Renou has been appointed to lead an organization of more than 900 associates managing annual volumes well over 2 million TEU. CMA CGM America is the U.S. agency for CMA CGM, offering 34 weekly services calling on 15 ports. Renou succeeds Marc Bourdon, who has moved to Shanghai to manage CMA CGM’s operation in China after four years in the U.S. role.
Deutz Names Strecker CFO
Dr. Andreas Strecker, 56, was appointed as a member of the Board of Management of DEUTZ AG, effective 1 March 2018, and will assume responsibility for Finance, Purchasing, Human Resources and Information Services from 1 April 2018. He succeeds former CFO Dr. Margarete Haase, 64, whose contract ends on April 30 2018. Dr. Strecker previously worked in managerial positions in the Bus and Controlling units of the Daimler Group, most notably for many years as the President and CEO of Daimler Buses North America.
Crowley Vessels Receive AMVER Awards
Crowley Maritime Corp. announced that 65 of its vessels were recently recognized for participation in the Automated Mutual-Assistance Vessel Rescue (AMVER) program, a computer-based voluntary global ship reporting system used worldwide by search and rescue authorities to arrange for assistance to persons in distress at sea. The awards were given during the U.S. Coast Guard’s NAMEPA Safety at Sea Seminar dinner, an event designed to bring industry and government leaders together each year in Washington D.C. All 65 Crowley vessels were given a certificate of merit for participation, with eight company vessels receiving additional pennants for their continuous, long-term dedication to the program.
Hapag-Lloyd: Shipping Demand Up, More Mergers in 2018
German shipping group Hapag-Lloyd sees demand for transport growing 4 percent in 2018 and expects more shipping firms to merge in the year, the chief executive said. CEO Chief Executive Rolf Habben Jansen also said Hapag-Lloyd, which merged with its Arab peer UASC, could achieve 85 to 90 percent of targeted annual savings from the deal of $435 million this year and 100 percent from 2019. More savings could be made in future, he told reporters in Hamburg, where he reiterated guidance for rising full-year 2017 earnings before interest, tax, depreciation and amortisation (EBITDA) and for EBIT.
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).
FSL Trust Sells Vessel to Trim Debt
FSL Trust Management, as trusteemanager of First Ship Lease Trust (FSL Trust), announces that the Trust has sold its chemical tanker, FSL Tokyo, for a cash consideration of US$13.8 million. FSL Tokyo is a 2006, Japanese-built, 20,938 DWT chemical tanker that has been deployed in the spot market. The net proceeds from this Disposal will be applied in full to the outstanding loan facility in 1Q2018. FSL Trust will record a related impairment charge of approximately US$9.0 million in 4Q2017.
GE Ships LM2500 Marine Gas Turbine for US Navy
GE's Marine Solutions division said it has shipped a LM2500 marine gas turbine propulsion module that will help power the U.S. Navy's 75th DDG Arleigh Burke-class destroyer Jack H. Lucas (DDG 125). Shipbuilder Huntington Ingalls Industries' Ingalls Shipbuilding division will construct this new destroyer with U.S. Navy Flight III upgrades incorporated. Each DDG destroyer features four GE LM2500 marine gas turbines in a combined gas turbine and gas turbine (COGAG) configuration. "Since 1991 - for just the U.S.