Global Marine News

18 Mar 2019

V. Ships Leisure, Mystic Cruises Team Up

Photo: V. Ships Leisure

V.Ships Leisure, part of V.Group, a global marine support services provider, has partnered with Mystic Cruises to provide crew management services including deck, engine, and hotel crew for the 9,300 GRT ice-classed vessel World Explorer.The vessel, which is currently under the final stages of construction at WestSea Viana Shipyard in Portugal will be delivered to Mystic Cruises in Q2 2019. With capacity for 200 passengers, World Explorer will be Mystic Cruises’ first newbuild expedition vessel…

13 Mar 2019

V. Group Appoints Holland

Steve Holland (Photo: V. Group)

V.Group, a global marine support services provider, has announced that it has appointed Steve Holland as a non-executive director.Holland brings a wealth of knowledge and expertise garnered from over 30 years in chemical manufacturing and distribution. He is currently Chief Executive Officer of Brenntag, the world’s largest chemicals and ingredients distributor, operating in 73 countries with 16,000 employees.Holland began his career in research and development. In 2007, he was appointed Chief Executive Officer of the Brenntag European business and joined the Group’s management board.

20 Feb 2019

MJM Bags Largest-Ever Cruise Contract

Image: MJM Group

Global marine outfitter, MJM Marine is undertaking its biggest-ever project which will see a team of 1,400 people spend more than a month working on a cruise liner at locations including China and the US.The company been appointed as the main outfitting contractor by Norwegian Cruise Line (NCL) to completely refurbish the Norwegian Joy, as the company repositions the ship to the West Coast of the United States.In a multi-million dollar project, MJM Marine will play the lead role in the design…

11 Feb 2019

Marine Lube Market: $5.9B by 2024

Image: Mobil

Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023, according to a new research report by Global Market Insights.Surging development in marine infrastructure across this region will augment the product demand. China, Japan, and South Korea are the prominent revenue contributors of the APAC region.

06 Feb 2019

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time…

03 Feb 2019

Huawei Marine Upgrades WACS

Image: Huawei Marine

Huawei Marine Networks, a global submarine network provider, announced completion of the West Africa Cable System (WACS) Upgrade II.A press release from the joint venture between the Chinese firm Huawei Technologies and the British company Global Marine Systems said that the project was signed in February 2018 and successfully put into commercial use in October of the same year.The upgrade realized 32*100G wavelengths configured on the longest optically amplified single fiber span stretching 11500km from South Africa to Portugal.As the longest 100G submarine cable system in Africa…

27 Jan 2019

UK Hydrographic Office Welcomes Maritime 2050 Strategy

UK Hydrographic Office. Pic: Hydrock

The UK Hydrographic Office (UKHO) has welcomed the publication of the UK government’s ‘Maritime 2050’ strategy paper, which sets out the vision for the future of the UK maritime sector.The strategy, which has been developed in consultation with agencies including the UKHO and the wider public and private sectors, sets out a series of detailed recommendations to help the UK maintain its position as a leading global maritime nation. These recommendations span themes including the environment…

18 Jan 2019

BREXIT: North P&I Gets OK for Dublin Brexit Hub

Paul Jennings (Photo: North P&I)

British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…

17 Jan 2019

Seacor Marine Acquires Three Cosco PSVs

Image: DNV GL

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner.Aggregate consideration for the vessels will be approximately $46 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between Seacor   Marine and Cosco…

15 Jan 2019

V.Ships Hamburg Appoints Nils Aden as MD

Pic: V.Group

V.Group has announced the appointment of Nils Aden as Managing Director of V.Ships Germany in Hamburg.The global marine and offshore vessel management and support services provider said in a press release that the announcement reaffirms its commitment to growing in, and leading the transformation of, the German shipmanagement market.Last year, V.Group announced that it would invest in a centre of excellence for container shipmanagement in Hamburg, bringing together the best expertise to deliver the highest quality service for its customers.As the shipmanagement segment consolidates…

14 Jan 2019

Seacor Marine Acquires Three Fast Support Vessels

Pic: Seacor Marine

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.

24 Dec 2018

Global Marine Lubricants Market to Grow by 2.17% to Hit USD 6.66 bln in 2023

Image: ExxonMobil

The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023.The growth of the market is driven by the emerging alternative technology trends, said a report by  Research and Markets.Also, rising infrastructure developments (port infrastructure) to strengthen the shipping industry globally are fueling trade activities, leading to the growth of marine lubricants market. However…

21 Dec 2018

SEACOR Marine to Acquire Brazil's UP Offshore

Image: SEACOR Marine

SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas)  by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.UP Offshore is a leading provider of offshore support vessel services to the energy industry in Brazil, the largest regional market in Latin America, said a press release.Of UP Offshore’s 14 vessel fleet, 12 vessels are located in Brazil and registered under the Brazilian flag.

12 Dec 2018

MJM Group Cruises to Poland

Photo: MJM Group

The international specialist in cruise ship refurbishment MJM Group has established a presence in Poland with the opening of an office in Gdanski.The marine outfitter said in a release that the office, based in Pruszcz Gdański, will be primarily a Design and Administrative hub which will support key activities and projects at the company’s headquarters in Northern Ireland.Gary Annett, MJM Group CEO, said: “MJM Group has a long and proud association with Poland. Many of our employees in Northern Ireland are originally from Poland and we have very strong Polish supply chain.

11 Dec 2018

Yanmar Appoints Oggel

Martijn Oggel (Photo: YMI)

Yanmar Marine Intl. appointed Martijn Oggel as its Global Sales Manager.Reporting directly to YMI Director of Sales and Marketing Floris Lettinga, Oggel will implement the company’s strategic directives in alignment with local offices and key distributors, further developing YANMAR’s leading market position in the global marine industry. The new role has been created to ensure an increased focus on maximizing results and efficiency to enable sales development and market penetration.With a strong background in working with OEMs and diesel specialists…

07 Dec 2018

Dubai's DP World Completes Danish Unifeeder Acquistion

Pic: Unifeeder

Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.DP World’s full acquisition of Unifeeder Group from Nordic Capital Fund VIII was announced in August, but finalized on Thursday."DP World PLC is pleased to advise that it has closed the transaction to acquire 100% of Unifeeder Group from Nordic Capital Fund VIII and certainminority shareholders," said one sentence statement from the Dubai-based global marine terminal operator."Unifeeder Group is now part of the DP World Group…

03 Dec 2018

MSC Sees Over $2 bln in Annual Fuel Costs from IMO Rules

Photo: MSC

Swiss-headquartered MSC expects to pay over $2 billion a year in fuel costs due to tougher global marine fuel rules and will introduce a bunker charge next year to recoup expenses, the world's number two container line said.UN agency the International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan. 1, 2020, compared with 3.5 percent today, unless they are equipped with exhaust gas cleaning systems, known as scrubbers…

21 Nov 2018

Høglund Teams Up with Yxney Maritime

At the signing: Aleksander Beckmann, Aftermarket Sales and Services Manager at Høglund, and Sindre Stemshaug Bornstein, CCO at Yxney Maritime  Photo: Høglund

Høglund, a global marine automation and system integration expert, has announced that it has signed an agreement with Yxney Maritime to launch an integrated vessel performance monitoring solution.The plug-and-play system will give ship owners and managers access to real-time fuel consumption data and analytics, allowing for better decision making and improved ship and fleet fuel efficiencies.Under the agreement, Høglund Marine Automation’s Ship Performance Monitor (SPM), which collects and stores accurate fuel consumption data for an individual vessel or entire fleet…

19 Nov 2018

V.Ships Wins Magellan Explorer Contract

Expedition Vessel Magellan Explorer. Image: V.Group

The global marine and offshore vessel management and support services provider V.Group said that its V.Ships Leisure unit has been awarded a contract by Antarctica21 for the technical management of the expedition vessel, Magellan Explorer.The 100-guest Magellan Explorer is currently under construction at Asenav in Chile and due to be delivered in October 2019, the ship management company company said.The vessel, which is being built to the new polar code and is uniquely customised for fly-cruises in Antarctica…

13 Nov 2018

BIMCO Develops 2020 Bunker Clauses

Pic: BIMCO

The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020.The largest of the international shipping associations representing shipowners poited out that the  Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its meeting in Copenhagen on 13 November.“It is…

07 Nov 2018

V.Group Launches Seafarer App

Pic: V.Group

The global marine and offshore vessel management and support services provider V.Group  has announced that it will unveil a new app for seafarers as well as an upgraded training centre in Manila as progress accelerates on Project Embark.Project Embark is a programme designed to transform the way the leading supplier of independent ship management and related marine services handles crewing for its pool of 44,000 seafarers.A press release from the provider of marine support services said that The app will enhance the seafarers’ experience…

04 Nov 2018

CSA Completes Amelia Island Beach Survey

Pic:  CSA Ocean Sciences Inc.

The global marine environmental science consulting firm  CSA Ocean Sciences (CSA) announced the completion of a survey to collect data for hydrodynamic model calibration and verification in Nassau Sound, located north of Jacksonville, Florida.The CSA team measured inshore and offshore water level, tides, current and waves to calibrate and validate a hydrodynamic model. The team installed water level recorders and a wave-enabled Acoustic Doppler Current Profiler (ADCP) and conducted an estuarine water discharge survey to gather the needed data.Morgan & Eklund, Inc.

02 Nov 2018

SEA\LNG Voices Support for MEPC 73 Outcomes

Pic: SEA\LNG

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, strongly supports the decision of the Marine Environment Protection Committee (MEPC) to reaffirm the January 1, 2020 implementation date of the 0.50% sulphur fuel limit.SEA\LNG said in a press release that it also applauds the adoption of the amendment to MARPOL Annex VI for a carriage ban on non-compliant fuels for vessels without an approved equivalent arrangement to meet the sulphur limit – such as an exhaust gas cleaning system (EGCS) on March 1…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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