ACL Sells Global Materials Services
American Commercial Lines LLC sold its ownership interest in Global Materials Services LLC to Mid-South Terminal Company, L.P. for $14 million cash. This transaction gives Mid-South Terminal Company, L.P., headquartered in Memphis, Tennessee, 100% control of Global Materials Services' network of 24 river-served terminals in the United States and 1 in Europe. Richard L. Huber, Chairman of ACL, said “We are pleased that we were able to transfer our interest in this operation to our partner. This transaction allows us to continue our progress toward emerging from Chapter 11 with a focus on our core business. The proceeds from this transaction will be used to pay off the remaining balance of our DIP term loan financing.”
Global Materials Services Acquires Arrow Terminals
Global Materials Services LLC (GMS) has acquired Arrow Terminals, Inc. of Sewickley, Pa., an operator of marine terminals. Arrow operates seven domestic river terminals in Industry, Pa.; Chicago, Ill.; Houston; Decatur, Ala.; Mingo Junction, Ohio; and Follansbee and Brooklyn Junction, W.V., which are engaged in material handling and processing operations for ferroalloy and other bulk products. Arrow also provides on-premise logistics services at steel mills and other plant sites. GMS operates seven other river terminals, five on the Mississippi River and two on the Arkansas River. These terminals provide warehouse and distribution services for steel and bulk shippers, including trucking to customer plant sites.
Product: Deck Machinery & Cargo Handling Equipment
Techcrane Global Corporation is a Covington, La.-based marine crane manufacturer/distributor who recently installed Techcrane Model F250-100 onboard Torch Offshore L.L.C.'s Midnight Wrangler. This was a crane custom-designed for Torch with a maximum capacity of 125 tons at 30-ft. reach. Time lapse between design conceptions to fabrication in Covington, La., was less than six months. The bid was awarded to Techcrane in December of 2002 for delivery in mid 2003 and is a part of the project to convert the Midnight Wrangler into a deepwater pipelaying vessel. In order to accommodate these deepwater arenas, a winch was specially designed by Lantec on behalf of Techcrane for the F250 to handle 8,000 ft. of two-in. wire rope.
Road Map to Boost Singapore Maritime Industry
Dr Lam Pin Min, Senior Minister of State (SMS) for Ministry of Transport and Ministry of Health, launched the Sea Transport Industry Transformation Map (ITM) at the annual Singapore Maritime Foundation New Year Cocktail Reception. Developed by the Maritime and Port Authority of Singapore (MPA) in partnership with the industry, unions and other government agencies, the Sea Transport ITM builds on MPA’s strategic long term plans to develop Singapore’s next-generation port and strengthen our international maritime centre (IMC).
Wilhelmsen Relocates to Singapore
Wilhelmsen Ship Management (WSM) will be relocating its global headquarters from Kuala Lumpur, Malaysia, to Singapore within the first quarter of 2018. The relocation decision is part of WSM’s strategic initiatives to be nearer to current clients and also future market. Singapore is an established maritime hub, and a driver of digital innovation that will play a significant part in the company’s ongoing transformation. At the moment, only a few selected key personnel in the management team will be relocated.
Port Saint John Cargo Volume up 15%
Year-over-year total cargo tonnage at Port Saint John, Eastern Canada’s largest port by volume, increased by over 4 million metric tonnes in 2017. Overall cargo tonnage handled for the year 2017 was 30,458,422 metric tonnes, a 15% increase over 2016. All cargo sectors, aside from the anticipated exception of containers, experienced significant gains in 2017. Additionally, the loss experienced in containerized cargo was lessened due the introduction of a new weekly container service by CMA CGM in 2017.
Nexans Acquires BE CableCon
French company Nexans has acquired a controlling interest in Denmark-based BE CableCon, which supplies cable kits to wind turbine companies. The acquisition is part of Nexans’ strategy aimed at reinforcing the Group’s portfolio of activities and accelerating its growth in the renewable energy segment. The acquisition is an illustration of the recently-announced “Paced for Growth” strategy aimed at developing Nexans’ business beyond manufacturing cables to provide customers with complete, fully-integrated cable services.
Wan Hai Lines Unveils China-India Service
Taiwan's global shipping company Wan Hai Lines has announced the launch of China – India Service III “CI3 service” on 23 January 2018. This new service will help to expand Wan Hai Lines network by providing direct service from East China to East India. A press release from the company said that the service will also help to complement Wan Hai Lines existing two other East India services with better port coverage and frequency. This service will be jointly operated with COSCO, IAL, OOCL and X-Press Feeders by using 5 vessels with nominal capacity of 4,250 TEU. Wan Hai Lines will deploy 2 vessels, while COSCO and IAL will operate 1 vessel each, OOCL and X-Press Feeders will operate 1 vessel jointly.
Robot Lasers Prolong Engine Pistons’ Lifespan
New robotized laser cladding technology aims to revolutionize the reconditioning of large bore pistons in two-stroke engines. A new reconditioning process from Wärtsilä Services’ maintenance and repair services business Line QuantiServ minimises welding, causes less thermal shock to the base material and replaces the old chromium layer’s galvanic application. “In addition to its environmental efficiency, the new coating extends the piston head’s lifespan and time between overhauls (TBO), compared to conventional chromium layers.
De Poli Tankers Extends VSAT Deal with Marlink
Dutch ship owner De Poli Tankers BV has extended its contract with Marlink, securing high-bandwidth global communication using the Sealink Plus service for its fleet of eight chemical tankers and two gas tankers. De Poli Tankers' in-house ITC company, Maritime Performances BV, chose to retain the Sealink Plus service for the future as it combines high-bandwidth VSAT with unlimited L-band back-up in a single easy to manage bundle, Marlink said. De Poli Tankers first migrated to Marlink VSAT from L-band only communications in 2013…
ABS Strengthens Materials Capabilities
Responding to the introduction of new materials within the structure and components of offshore units, naval vessels and specialized ships such as ultra large containerships, ABS has strengthened its technical and engineering capabilities in this area with the appointment of a global materials engineering team. The team will also provide in-field support to the society’s surveyors attending the significant growth in the number of equipment suppliers. Led by ABS veteran Michael Wheatcroft…
Bourbon, Bureau Veritas Partner on Digitalization
Under a new strategic partnership agreement, French offshore services firm Bourbon and testing, inspection and certification services provider Bureau Veritas will develop and deploy new digital technologies, including solutions for automation, real time fleet monitoring and mitigating cyber risks. For dynamic positioning systems in particular, the partnership will aim to deliver advanced automation of to enable real-time advisory tools for bridge operators and remote support for onshore teams…
Hong Kong to Host Global Maritime Forum Inaugural Annual Summit
Hong Kong is chosen to host the Global Maritime Forum’s inaugural Annual Summit on 3-4 October 2018. The high-level meeting will convene key industry leaders with policymakers, experts, NGOs and other influential decision-makers and opinion shapers. Their task will be to share their ideas on the challenges facing the maritime industry and to develop practical proposals to optimise global seaborne trade, thereby increasing sustainable long term economic development and human wellbeing. “We look forward to welcoming the world’s maritime decision-makers to Hong Kong.
Royston Expands UK Engineering Facilities
Royston Diesel Power has doubled the size of its UK engineering facilities to support continuing global growth in its marine engine service business and new technology development. As part of a £500,000 ($676,000) investment program the company has opened an additional 15,000 sq. ft. of engineering workshop premises alongside its existing headquarters on the banks of the River Tyne. As well as increasing the company’s engine repair and maintenance capability, the new center will also provide a focus for a range of other technical support functions.
Socgen Joins SEA\LNG
French multinational banking and financial services company Societe Generale (Socgen) has joined SEA\LNG, the industry coalition promoting the use of liquefied natural gas (LNG) as a marine fuel. The bank is the first financial institution to join SEA\LNG. Joining a growing band of industry leaders from across the LNG value chain, Societe Generale brings an essential financial perspective to the group which aims to accelerate the uptake of LNG as a marine fuel. Paul Taylor, Global Head of Shipping Finance…
Tech File: Bulk Barge Cargo Transfer Systems Solution
Pontchartrain Materials Company finds innovative solution for barge unloading applications. Located in New Orleans, La., Pontchartrain Materials Corporation, LLC provides aggregates to general contractors as well as asphalt and ready-mix companies. In addition to their chief product, limestone, the family-owned company sells recycled concrete and recycled asphalt. Pontchartrain sources the material from quarries in northern states, transferring it down the Mississippi River by barge to one of three company aggregate yards or directly to customers in the New Orleans and surrounding area.
Cargotec Defines Sustainability Targets for 2018
Cargotec Corporation's Extended Executive Board has set the company sustainability targets for 2018. The targets support Cargotec's strategic must-win battles - services, digitalisation and people leadership - with which the company aims to become the global leader in intelligent cargo handling. Cargotec's focus in 2018 will be on increasing safety awareness, setting a new sustainability standard for the supply chain, increasing the usage of renewable electricity, and ensuring that human rights-related company practices and processes are at the correct level.
Port of LA Sets New Record with 2017 Container Throughput
The Port of Los Angeles moved more cargo in 2017 than in any time in the Port’s 110-year history, racking up 9,343,192 Twenty-Foot Equivalent Units (TEUs), a 5.5 percent increase over 2016’s record-breaking year. It’s the most cargo moved annually by a Western Hemisphere port. “We are powering Los Angeles’ economy to new heights every year, because we know that lasting prosperity means investing boldly in jobs, opportunity, and growth,” said Los Angeles Mayor Eric Garcetti. “The…
EPE S.A., First Greek GL Certified IHM Provider
Environmental Protection Engineering S.A.(EPE) has become the first Greek company to obtain certification from classification society Germanischer Lloyd. GL is a certified provider of Inventory of Hazardous Materials (IHM) services. EPE becomes one of only a handful of companies worldwide that are able to offer IHM in compliance with the Hong Kong International Convention for the safe and Environmentally Sound Recycling of Ships and the Guidelines for the Development of the Inventory of Hazardous Materials. EPE HazMat Expert, Mr.
USCG Approves Global Maritime as TPO for Subchapter M Services
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has been approved by the United States Coast Guard (USCG) to provide Subchapter M compliance services as a Third Party Organization (TPO). Global Maritime will offer a comprehensive suite of services to all towing vessel operators looking to comply with Subchapter M guidelines with its expertise including audits, surveys, consultancy, training services, and the design and deployment of safety management systems. In addition, Global Maritime has licensed Professional Engineers (P.E.s) on staff to perform structural plan reviews.
Damen Launches China Support Company
Netherlands based shipbuilder Damen said it has launched its China Support Company in Shanghai, officially opened December 4, by Kommer Damen, Chairman of the Damen Shipyards Group. The company, led by Managing Director, John Zhou, will be involved in a range of activities, including commercial activity for Damen newbuild and Damen Marine Components as well as the provision of services to clients in the region. The company will support Damen’s commercial involvement and development in the region…
Braemar Launches New Salvage Support Operation
Incident response and environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key development in the expansion of Braemar’s Technical Services (BTS) division, both companies have formed Braemar Marine Salvage Support Services which will provide on-site distressed cargo management and salvage support services to salvors…
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.