Industry News

22 Feb 2019

Jaxport Hits Record Container Volumes in January

Image: JAXPORT

Jaxport, the port of Jacksonville, Florida, had its best ever January container volumes, with total container movements increasing 16 percent over the same period last year.Nearly 121,400 twenty-foot equivalent units (or TEUs, the industry standard for measuring containers) moved through JAXPORT in January 2019.The port’s Asian container volumes continue to show significant growth, up 17 percent year–to–date with nearly 164,000 TEUs moved so far in Fiscal Year 2019. JAXPORT’s fiscal year runs Oct. 1- Sept. 30.

22 Feb 2019

Uncertainty Mounts in Dry Bulk Shipping

Image: Oldendorff Carriers

Uncertainty mounts in dry bulk shipping  against a backdrop of weaker growth in Chinese imports, said BIMCO."The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either, but we now know that was merely the beginning of a sharp downturn. On top of that, in the first month of 2019, leading the way even further down was a massive lack of cargoes. By early February…

22 Feb 2019

Global Decommissioning Set for Record Levels in 3 Years

Graph: Rystad Energy

With the global offshore decommissioning industry expected to reach $36bn over the next 3 years, several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.As a consequence, so-called decommissioning obligations in the global oil and gas industry rose to $11.7 billion last year and are projected to hold steady at an average of about $12 billion per year from 2019 through 2021, according to Rystad Energy.“2018 was an all-time high, and the next years are set to break this record,” said Rystad Energy partner Audun Martinsen.

22 Feb 2019

Equinor Sells Natural Gas Worth USD26bln in 2018

Tor Martin Anfinnsen (left), Equinor’s senior vice president for marketing and trading. Irene Rummelhoff (right), Equinor’s executive vice president for marketing, midstream and processing. Photos: Harald Pettersen (left) and Ole Jørgen Bratland,  Equinor.

Norwegian energy company Equinor has announced its 2018 sales of natural gas totalled $26bn, an increase of 29% from 2017.Equinor sold a total of 100 billion cubic metres (bcm) of gas worldwide in 2018. The company is the second-largest gas supplier to Europe, as well as the largest producer of natural gas on the Norwegian Continental Shelf (NCS)."As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030…

22 Feb 2019

Bilfinger Sees Huge Potential in Scrubber Market

Tanker with Bilfinger Scrubber. Photo: Bilfinger SE

The international maritime shipping industry is increasingly using emission-reducing flue-gas desulfurization systems provided by Bilfinger, claimed the German engineering company.Following additional orders in recent months, the industrial services provider now has contracts for its scrubber technology with a value in excess of €100 million on its order books, said."This brings a total of 70 vessels belonging to national and international shipping companies in line with stricter future environmental requirements imposed by the International Maritime Organization (IMO) and the European Union…

21 Feb 2019

Virtual Reality: Tool for Ship Design

Image: Visual Vocal

Elliott Bay Design Group (EBDG) uses Virtual Reality as a valuable tool in ship design allowing naval architects and owners the ability to experience the space in advance of final design; a powerful asset in ship repair and refit to help a team more efficiently and cost-effectively plan and execute the project.The process of designing and building a ship has changed dramatically in the last 20 years, with the advent and evolution of computer aided design that allows a vessel to be designed, tested and ‘built’ prior to the first actual cut of steel.

21 Feb 2019

Oi: Tracking 50 Years of Ocean Innovation

Marine Technology Reporter published a supplement to celebrate the 50th anniversary of Oceanology International. Photo: MTR

As Oceanology International celebrates its 50th Anniversary, Marine Technology Reporter explores half a century of subsea technology development and discovery. Oceanology International Americas runs February 25-27, 2019 in San Diego.When Oceanology launched in 1969 in the seaside resort of Brighton the world was a very different place. For a start, Brighton was home to the mods and rockers, who would square off against each other on the town’s elegant seafront. The British currency included shillings and ha’ pennies and man had yet to step foot on the moon.More crucially…

21 Feb 2019

Auxo Investment Partners Acquires Andrie LLC

Stan Andrie, Andrie LLC CEO

Deal builds on Auxo’s December 2017 acquisition of leading dry-bulk transportation and logistics company, M/G Transport Services. Private investment firm Auxo Investment Partners announced today that it is partnering with the Andrie family with an investment in Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products, and calcium chloride throughout the Great Lakes. The deal, terms of which were not disclosed…

21 Feb 2019

Norway 203040 Names Haugland CEO

Bjørn Kjærand Haugland announced as new CEO of the climate network Norway 203040.

Bjørn Kjærand Haugland announced as new CEO of the climate network Norway 203040.“It is extremely motivating for me to lead this business-led climate initiative that gathers companies with the most ambitious climate commitments in Norway to take a leading role in the transition to the low-emission society,” said CEO Bjørn Kjærand Haugland in Norway 203040. “Here in Norway there’s a strong focus on green growth, and the maritime sector promises to be a key area of transformation and job creation…

21 Feb 2019

Russia Struggles to Modernize its Navy

Yaroslav Mudry. Photo from kaliningrad.kp.ru

President Vladimir Putin calls improving the Russian navy's combat capabilities a priority.The unfinished husks of three guided-missile frigates that have languished for three years at a Baltic shipyard show that is easier said than done.Earmarked for Russia's Black Sea Fleet, the frigates fell victim to sanctions imposed by Ukraine in 2014 after Russia annexed the Crimean peninsula, prompting Kiev to ban the sale of the Ukrainian-made engines needed to propel them.With Moscow unable to quickly build replacement engines for the Admiral Grigorovich-class frigates, construction stopped.

21 Feb 2019

Witherbys Releases ‘Ship Lay-up Guide’

Photo courtesy of Witherbys

Witherbys, in conjunction with BIMCO and International Shipcare, released the Ship Lay-up Guide this week.This new publication is a comprehensive guide to best practice when placing a ship into lay-up and is an essential aid for any ship owners/managers considering ship lay-up.Fully illustrated, with numerous real-world examples, this guide explains why a ship is placed into lay-up and the types of lay-up, as well as providing the reader with information on appraisal, planning, procedures at the lay-up site and reactivation.

21 Feb 2019

Maritime Challenges: A Time to Act Boldly

Jeff Vogel

Maritime Challenges in the 116th Congress.The 116th Congress, with its now Democrat-controlled House and 110 newly-elected members, faces a choice. On one hand, Congress can continue to pursue the status quo, supporting U.S.-flag vessel operators and domestic port infrastructure development through existing programs, with suboptimal results. On the other, the 116th Congress can choose to be bold. It can recognize that the U.S.-flag fleet, with only 83 vessels operating in international trade, clearly requires new mechanisms of support.

20 Feb 2019

"Black Shark" Swims into View

Photo: NOBISKRUG

Following a successful keel laying ceremony on February 20, 2019, NOBISKRUG has announced that 77-meter M/Y Black Shark is taking shape and remains on track to meet its scheduled delivery in spring 2021.Taking place at NOBISKRUG’s keel laying premises in Kiel, the ceremony also served as the yard’s first event of the year. Holger Kahl, Managing Director of NOBISKRUG, delivered a warm welcome speech to the guests, followed by an address by Evgeniy Kochman, Chief Executive of Imperial.

20 Feb 2019

UAE Eases Qatar Shipping Ban

Photo: Abu Dhabi Ports

The United Arab Emirates has eased a ban on the shipping of goods between it and Qatar enforced under a political and economic boycott of Doha, according to port circulars and an industry source.The UAE, Saudi Arabia, Egypt and Bahrain severed diplomatic, trade and transport ties with Qatar in June 2017 over allegations it supports terrorism, a charge Doha denies.An Abu Dhabi Ports circular dated Feb. 12 cancelled previous directives that banned cargoes of Qatar origin from UAE waters and ports and those of UAE origin from Qatar.It maintained a ban on vessels flying the Qatar flag…

21 Feb 2019

Cyber Security Grant for HudsonTrident and Fundación Tito Mella

Photo provided by HudsonAnalytix-Cyber

HudsonTrident, which offers security services for the maritime sector, and Fundación Tito Mella have received the United States Trade and Development Agency (USTDA) technical assistance grant to develop a national port cyber security assessment platform in the Dominican Republic.HudsonTrident’s HACyberLogix-informed assessment approach will enable four Dominican ports to cost-effectively assess their entire organizational cybersecurity capabilities and identify cybersecurity capability vulnerabilities.The assessments will support HudsonTrident…

21 Feb 2019

Rotterdam Port Fund Acquires Stake in ExRobotics

Image: Rotterdam Port Fund

Rotterdam Port Fund has invested in remote inspection robotics company ExRobotics, specialising in robots to operate in high risk environments such as oil and gas facilities.The Dutch robotics firm manfacturers modular robots that can carry out remote inspections of oil and gas facilities more efficiently and with a lower safety risk than those carried out by humans.ExRobotics will be working on the further development of this technology in close collaboration with knowledge institutes…

20 Feb 2019

Blue Danube Elects Monahan to BoD

Michael J. Monahan

Mike Monahan was elected to Blue Danube Incorporated’s Board of Directors on February 8, 2019. Blue Danube Incorporated is the holding company of Campbell Transportation Company Inc. Michael J. Monahan joined Campbell Transportation Company (“Campbell”) as President in October of 2011. Campbell is a privately held company which is based in Houston, PA. Campbell and its subsidiaries employ approximately 300 employees, owns and manages over 1,100 barges and 40 to 50 towboats, 3 major shipyards…

20 Feb 2019

APM Costa Rica Enhances Reefer Services

Pic: APM Terminals

APM Terminals Inland Services in Costa Rica has worked closely with one of the world’s largest producers and exporters of tropical fruit.The Hague-based international container terminal operating company  said in a press release that among other things, the solution has helped optimize the flow of containers to fruit plantations on the Caribbean coast, increase efficiency and lower reefer inventory.With a large number of refrigerated containers (reefers) being shipped to global markets by Costa Rican tropical fruit exporters…

20 Feb 2019

Ports of Genoa Survives Setbacks

Pic: Ports of Genoa

Notwithstanding the tragic incidents of the Morandi Bridge collapse and October’s violent sea storm, cargo throughput remains stable at the Ports of Genoa, Italy.Now a key priority is the implementation of the emergency measures mobilised by Parliament to return to growth, said the busiest port of Italy by cargo tonnage.The collapse of the Morandi Bridge in Genoa on 14 August 2018 and the damage wreaked by the violent sea storm on 29 October in the Port of Savona have had severe…

20 Feb 2019

Electronic Inclinometer for Tugboat Safety

Photo: Danimant

Danish marine safety equipment manufacturer, Daniamant, has launched a tugboat version of its renowned Electronic Inclinometer, an advanced heel and pitch measuring device. The DanEI-300T fulfils the most recent Bureau Veritas Group’s regulations for escort tugboats and is approved by German BSH to the IMO (International Maritime Organization) performance standard MSC.363(92):2013. Bureau Veritas’ classification rules in the January 2019 edition stipulate that escort tugboats must be equipped with a calibrated heeling angle measurement system, otherwise referred to as an inclinometer.

21 Feb 2019

Maersk Shares Fall on Trade War Fears

File Image: CREDIT Maersk

The world's largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday.Maersk is also moving ahead with spinning off Maersk Drilling, announcing it expected its new listing in Copenhagen to begin trading on April 4.Maersk, a bellwether for global trade, warned that growth in the number of containers being moved around the world would deteriorate further this year.It expected global container growth of 1-3 percent in 2019…

21 Feb 2019

Marine-i Supports Robotic Arm Ambition

Image: Submarine Technology Ltd

Marine-i has made a grant award to a marine tech company Submarine Technology Ltd (STL) to focus on designing and building a futuristic robotic arm.The arm is a ship-based multi-axis robotic arm and will form an integral part of a new Autonomous Synchronised Stabilised Platform (ASSP) to enable intervention tasks to be carried from Autonomous Surface Vessels (ASV).Submarine Technology Ltd (STL) is based on the Isle of Wight but recently opened an office in Penryn to develop the device, which it hopes will transform autonomous marine operations.

21 Feb 2019

SeaOwls, Ulstein Part Ways

Norwegian shipbuilder Ulstein and Dutch offshore consultancy SeaOwls BV have decided to each go their own separate ways in the offshore wind industry.The patent rights of the SOUL concept were developed under the cooperation of both companies and will continue to be held by both SeaOwls and Ulstein. Each company will pursue its own business opportunities based on the shared patent.The innovative heavy lift jack-up vessel design concept is the safest and most efficient solution to transport and install the world’s largest and powerful offshore wind turbines in the coming decades.SeaOwls and Ulstein are committed to assist their clients…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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