Marine Link
Monday, January 22, 2018

Green Light News

Ocean Network Express Completes Merger Approvals

Graphics: Ocean Network Express

South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ),  Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. "K Line, MOL and NYK have  announced that their new joint venture company, Ocean Network Express Pte. Ltd., established in July 2017, has received all necessary merger approvals from local competition authorities in regions and countries where such approvals are required for the launch of service by the newly established joint venture company…

Waratah Joint Venture Given Green Light

Waratah Joint Venture Given Green Light Waratah was cleared by Australian authorities to buy a towage business and tug from The Broken Hill Pty Co Ltd.

Corvus Implements Greenlight Battery Testing Solution

Corvus Energy Implements Greenlight Innovation’s Sophisticated Battery Test Equipment. Greenlight Innovation’s End-of-the-Line Test System to Verify Lithium Polymer Battery Performance. Corvus Energy Ltd., a leading lithium-polymer battery pack integrator, announced today that it has selected Greenlight Innovation’s sophisticated and reliable battery test equipment to verify the performance of its 6.5 kWh battery modules at multiple manufacturing sites. Corvus Energy manufactures and integrates energy solutions for commercial and industrial applications, ranging from airport ground handling equipment to truck APUs, marine hybrid, and heavy industrial applications.

Vinashin's Bank Loan Extended

According to a report from Viet Nam News, the government green-lighted a plan that will extend the loan payment period for Viet Nam Shipbuilding Industry Group (Vinashin). According to the Government Office, a new dispatch signed by Deputy Prime Minister Nguyen Sinh Hung said the Government agreed with the Ministry of Finance's proposal to extend the loan payment period for export credits.    (Source: Viet Nam News)  

Vinashin's Bank Loan Extended

According to a report from Viet Nam News, the government green-lighted a plan that will extend the loan payment period for Viet Nam Shipbuilding Industry Group (Vinashin). According to the Government Office, a new dispatch signed by Deputy Prime Minister Nguyen Sinh Hung said the Government agreed with the Ministry of Finance's proposal to extend the loan payment period for export credits.    (Source: Viet Nam News)  

Port St. Joe to Begin Dredging

Photo: Port St. Joe Port Authority

Signifying the “green light” for development of the port, a permit needed to begin dredging the Port of Port St. Joe’s federally-authorized shipping channel has been signed and certified. The Port also received a permit by the U.S. Army Corps of Engineers to allow for spoil disposal as part of the planned dredging of the port’s navigational channel to the maximum authorized depth of 37 feet. A week ago today Port Authority chairman Eugene Raffield signed the final federal permit needed to begin the dredging of the Port of Port St. Joe’s federally-authorized shipping channel. Next up, the U.S.

European Offshore Wind: Financiers Can Invest, But ...

Image courtesy of EWEA

The offshore wind industry needs between EUR90 and EUR123 billion by 2020 to meet its 40 GW target
, and equity and debt providers are willing to invest, but they fear regulatory instability considers the the European Wind Energy Association (EWEA). What's blocking the needed investment is the uncertainty caused by changing regulatory frameworks, not least in the two largest markets, the UK and Germany, an independent survey of the financial community shows. By undermining investment stability…

Offshore Project To Get Green Light

The BP-led Azerbaijan International Operating Company (AIOC) expects the Azeri government to give a green light in August for the next phase of its Caspian oil production project. AIOC's president David Woodward said the next phase aims to boost production to 350,000 bpd in 2005 from current levels of 100,000-130,000 bpd. The project envisages bringing the Azeri field onstream in early 2005, adding to volumes from the Chirag field which has been in production since 1997. The cost of the expansion plans, called Phase One, is put at $3.3-3.4 billion, Woodward said. The next phase envisages the construction of a drilling platform for 48 wells, a gas compressing facility, an underwater pipeline from the Azeri field and modernization of an onshore oil terminal.

Philippines' Duterte Green Lights China's Sea Research

Rodrigo Duterte (Photo: RUJI ABAT/PRESIDENTIAL PHOTO)

Philippine President Rodrigo Duterte personally made a decision to let China conduct scientific research off the Philippines’ Pacific coast, his spokesman said on Monday, despite concern among critics about threats to maritime sovereignty. Presidential spokesman Harry Roque said that as chief architect of foreign policy, Duterte allowed China to work with the University of the Philippines in Benham Rise, an area roughly the size of Greece and believed by some scientists to be rich in biodiversity and tuna.

Petrobras Authorized to Export Idle LNG Cargoes

Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette. According to the text, Petrobras has been given the green light to export up to 6.6 million cubic meters, assuming this would not result in supply problems for the domestic market. As a state-controlled company, some of Petrobras' commercial strategies require energy ministry authorization. Petrobras operates three regasification terminals in Brazil, which were built in a time when the country was seeing high economic growth rates and natural gas consumption was strong. But demand fell in the last two years while Brazil went through its deepest recession on record, and local production continued to grow.

Damaged Tug Heads to Seattle for Repair

The U.S. Coast Guard said it has green lighted a transit plan for the damaged tug Samson Mariner to head south from Ketchikan, Alaska for repairs in Seattle. The vessel departed on Tuesday accompanied by an escort tug.   Samson Mariner was damaged and spilled approximately 1,100 gallons of fuel when it ran aground on February 15 while towing a barge near Rosa Reef in north Tongass Narrows, Alaska.   No sheen or further pollution has been reported.   The barge, St Elias, received temporary repairs in Ketchikan. The Coast Guard approved a plan for a tug owned by Brusco Tug & Barge Co to tow St Elias and continue to Dutch Harbor. Permanent repairs will be made when St Elias returns to Seattle.

UK Inks Design Contract with BAE

Britain agreed an 859 million pound ($1.32 billion) contract with BAE Systems on Friday, giving the green light to the British defence company to continue with the next phase of design for a new fleet of warships. BAE Systems has been working on plans to provide Britain with 13 new Type 26 complex warships since 2010. The new contract paves the way for it continue to develop the project by investing in the equipment and facilities that will be needed before ship building can start. BAE Systems, which on Thursday was upbeat about future defence spending after years of cuts to military budgets, said the deal built on its long heritage of delivering complex warships in Britain.

Greece's Competition Commission Okays OLP-COSCO Deal

Photo: Port of Piraeus

The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws. According to Greek national news agency AMNA, the next and final step for the changing of hands at Piraeus port is for the concession agreement to be submitted to parliament for approval. “Having taken into account the conditions and prospects of the relevant market, the improvements in its efficiency and the commitments given…

Samil PwC Okays Hyundai's Management Improvement Plan

Photo: Hyundai Heavy Industries

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement plan is good enough for HHI to make operating profits and secure liquidity even in the worst case scenario. The announcement is the result of due diligence that had been conducted by Samil PwC for 10 weeks from May 23 this year at the request of HHI’s main creditor banks including the Export-Import Bank of Korea and KEB-Hana Bank.

Green Lights on Singapore Strait TSS Crossing

Singapore Strait Western Part: Image credit Br. Admiralty

IMO's Maritime Safety Committee has adopted an earlier recommendation that ships display 3 all-round green lights when crossing the Singapore Strait Traffic Separation Scheme (TSS). The night signals identify these vessels crossing the TSS during hours of darkness which will allow other vessels in the appropriate lanes to take actions if required, thereby enhancing navigational safety. The IMO’s Maritime Safety Committee at its ninety-first session in Nov 2012, in accordance with the provisions of resolution A.858(20)…

Petronas Delays Canadian LNG Project

Petronas, Malaysia's state-owned oil and gas company, delayed giving the final investment go-ahead on Wednesday for its $11 billion liquefied natural gas export terminal in British Columbia, citing high costs and other outstanding issues. "Costs associated with the pipeline and LNG facility remain challenging and must be reduced further before a positive FID (final investment decision) can be undertaken," the company said in a statement. Petronas, which had hoped to give the project the green light before yearend, said it will continue to invest in natural gas in British Columbia and will keep working to secure necessary federal approvals and permits for the project. (Reporting by Julie Gordon; Editing by Peter Galloway, Reuters)

CMA Offers Concessions to get EU Approval for NOL Deal

File image: the CMA CGM Ben Frnklin (Marad)

French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines. CMA CGM, which ranks behind No. 1 Maersk Line and Swiss peer MSC in global shipping, submitted the concessions on Thursday, a filing on the European Commission website showed on Monday, without giving details. CMA is expected to withdraw NOL from competing shipping alliances to allay concerns, people familiar with the matter said.

Costa Chooses Saipem to Scrap Concordia

Photo courtesy of the Parbuckling Project

Costa Cruises has chosen a consortium including oil service company Saipem to scrap the hulk of the Costa Concordia cruise liner which capsized off the Tuscany coast in 2012, sources familiar with the matter said on Friday. The green light from the Italian government is still missing, the sources added. Besides Saipem the consortium includes Genoa-based companies Mariotti and San Giorgio, one of the sources said. Costa Cruises, a unit of Carnival Corp, and Saipem declined to comment.

New High Speed Ferry Service Examined

Plans to launch a £10 million high-speed ferry service linking Edinburgh to Fife moved a step closer to reality, as council chiefs invited marine experts to devise plans for the scheme, according to a report on Scotsman.com. Transport leaders believe a passenger ferry between Leith and Kirkcaldy will help to reduce congestion on the Forth Road Bridge and make a healthy profit for the operator. Fife Council has agreed to hire a firm of consultants to draw up detailed proposals. It is hoped that twin-hulled passenger ferries, with space for up to 350 people, would complete the Leith-Kirkcaldy route in just 17 minutes. Fife Council's area transportation manager today said the £10 million plans could get the green light by next summer.

EU Approves French Aid for Inland Waterway Transport

The European Commission gave the green light to a French aid scheme for European inland waterway transport. The scheme, which has an overall budget of €16.5 million and will run from 2008 to 2012, is designed to boost inland waterway transport in by modernising the fleet and promoting the occupation of inland waterway carrier. The new scheme proposed by the French authorities follows on from the inland waterway scheme for the period 2004-07. It includes aid designed to ensure a better response to current market conditions. Aid will be allocated for environmental measures, fleet modernisation, improved safety and the commissioning of vessels which can also call at sea ports.

Drydock Explosion Kills Five

An explosion on board the vessel Seamec II in the Curaçao ship repair company CDM killed five workers, the Daily Herald reported. The workers had made a hole in the hull of the offshore oil platform support vessel to remove a machine that required electronic work. As usual, the company’s chemist checked for possible gasses or other dangerous substances and gave the green light. What exactly happened is unclear, but the suspicion is that there was somehow a gas leak. The first explosion was followed by a second, and then a fire with a lot of smoke. The Fire Department had to deal with the smoke and the fact that the fire heated up the boat’s steel construction. There was also the risk of more explosions.

Woodside to Start Work on Pluto LNG Project

Australia's Woodside Petroleum Ltd reported it has been given the green light to start work on its 12 billion Australian dollar Pluto liquefied natural gas project in northwestern Australia after the federal government gave environmental approval for the development, according to a report by Forbes. Woodside, which is 34 percent owned by Royal Dutch Shell, said this is the last of the key state and federal environmental and heritage approvals required for the project to proceed. Woodside has already signed 15-year sales agreements worth billions of dollars with Japan's Tokyo Gas and Kansai Electric, totaling up to 3.75 million tons of LNG a year. It expects to sell the remaining output through additional term contracts or spot sales. First delivery is expected in late 2010.

MV Mark Twain Given Green Light

The MV Mark Twain is sailing the high seas again. The Department of Maritime Affairs has informed the general public that the MV Mark Twain had been cleared to resume its regular ferry schedule between St. Kitts and Nevis as of yesterday. The MV Mark Twain, which was detained by the department on 10 Oct., to rectify outstanding safety deficiencies, has corrected those deficiencies and has been declared safe to recommence its service. According to the Department of Maritime Affairs, all regulations to ensure the safety of passengers will be enforced on all vessels operating in the coastal waters of St. Kitts and Nevis. by Corliss Smithen

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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