Industry News

11 Nov 2019

MPC Capital Buys Stake in Albis

Pic: Albis Shipping & Transport

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller, operates a market-leading commercial platform for tankers of various sizes. Albis offers its customers tailor-made solutions for the chartering and operations of tankers.In addition to the technical ship manager Ahrenkiel Tankers, MPC Capital complements its range of services in the tanker segment by acquiring a shareholding in Albis.

11 Nov 2019

ABS Issues New Carrier Fire Guide

Dr. Gareth Burton. Photo: ABS

Classification society American Bureau of Shipping (ABS) has issued what it says is first of its kind ‘Guide for Fire-Fighting Systems for Cargo Areas of Container Carriers’,  as it looks to address safety concerns following a series of high profile fires at sea.It is designed predominantly for designers, builders, owners, operators throughout the marine industry and specifies the ABS requirements for addressing fire safety concerns in four key areas: fire-fighting for containers stowed on deck…

11 Nov 2019

DNV GL Awards AIP for SHI Cyber Secure Notation

(From left): Dong Ho Park, Senior Approval Engineer DNV GL; Andreas Kristoffersen, Head of ACK, DNV GL; Jarle Coll Blomhoff, Head of Cyber Security, DNV GL; Hae Ki Jang, VP, SHI; Duck Soo Kim, Senior Engineer, SHI; Kyung Won Bae, Senior Smart Ship Engineer, SHI; Chang Ryeol Heo, Principal Engineer, SDS; Partick Jeon, Leader of Machinery & Electric Planning Parts, SHI. Photo: DNV GL

The international accredited registrar and classification society DNV GL has presented South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI) with an Approval in Principle (AIP) for the Cyber Secure (Advanced+) notation.According to DNV GL, this is the world’s first AIP for its Advanced+ addition to the Cyber Secure notation. The additional scope has been awarded as a result of the use of the Samsung Smart Ship Solution, SVESSEL.Cyber security is becoming a crucial part of design and operational ship safety.

11 Nov 2019

Jobs at risk if Merger Stopped, Fincantieri Chairman Warns

Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours is a valid industrial project that could not only help Europe's shipbuilding industry compete better globally…

11 Nov 2019

Fincantieri: Jobs at Risk if Merger with Chantiers de l'Atlantique Stopped

Photo: Fincantieri

Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours is a valid industrial project that could not only help Europe's shipbuilding industry compete better globally…

10 Nov 2019

Orsted Breaks Ground for Taiwan OWP

Image: Ørsted

Construction of Taiwan's Formosa 2, an offshore wind power (OWP) development project, officially broke ground in Miaoli County.Orsted Taiwan said in a statement that it held a ground-breaking ceremony for the onshore substation works for the 900MW Greater Changhua 1&2a offshore wind farm off Taiwan.Ørsted awarded an onshore substation EPC contract to TCC last November. TCC will build two onshore substations, cable corridors, and transition joint bays for the first 900MW Greater Changhua projects.

10 Nov 2019

Navis Solution on Evergreen Newbuilds

 Image: Navis

Navis, the provider of maritime software solutions for cargo and vessel performance and compliance,  announced that its MACS3 loading computer will be installed on two newbuilding series of container vessels owned and operated by Taiwan-based Evergreen Marine Corporation.Navis, a part of Cargotec Corporation, said that due to the owner’s decision to have this loading computer installed, they are moving to support safer and more effective onboard cargo handling.The newbuildings are currently being built at two different Chinese shipyards.

10 Nov 2019

Maritime Leaders Calls for Collaborative Spirit

(Left to Right): Tien Tai, HFW; Capt. S.R. Patnaik, International Shipping & Logistics; Zhang Wei, Industrial and Commercial Bank of China Limited (ICBC); Bobby Varghese, Abu Dhabi Port; Chris Peters, Emirates Ship Investment Company LLC; Martin Aarup, Abu Dhabi Ports; Clive Woodbridge, The Maritime Standard; Trevor Pereira, The Maritime Standard; Capt. Mohamed Juma Al Shamisi, Abu Dhabi Port; H.E. Eng. Ahmed M. Shareef Alkhoori, Federal Transport Authority-Land & Marine; Capt. Abdulkareem Al Ma

The fifth annual Maritime Standard Ship Finance and Trade Conference highlighted the importance of the shipping, ports and other maritime sectors working more closely with the financial services sector, as well as the growing influence of green issues and digitalization.The tone was set by the keynote speaker, Ahmed Shareef Alkhoori, Director General, Federal Transport - Land & Maritime. He said: “Financial institutions have a key role to play in helping to unlock the barriers that can exist to the development of maritime businesses.

10 Nov 2019

Hurtigruten Names World's 1st Hybrid Ship

Image: Hurtigruten

The world's first hybrid electric-powered expedition ship and newest member of the Hurtigruten fleet, MS Roald Amundsen, was officially named in Antarctica.The ceremony took place in Chiriguano Bay on Brabant Island - and instead of a traditional champagne bottle, godmother Karin Strand opted for a chunk of ice.According to the Norwegean cruise company, the ship will offer itineraries across the Antarctic. It was named after iconic polar explorer Roald Amundsen who led the first expeditions to the likes of the Northern Passage…

10 Nov 2019

Singapore Extends MSGI Scheme Till 2024

MPA CE@ Ms Quah Ley Hoon. Photo: Maritime and Port Authority of Singapore (MPA)

The Maritime Singapore Green Initiative (MSGI), which was due to expire at the end of the year, will also be extended by five years, said Maritime and Port Authority of Singapore (MPA) chief executive Quah Ley Hoon."As a key maritime nation, Singapore is committed to promoting environmental sustainability of the industry. MPA has reviewed its MSGI to keep it relevant, with a new focus on decarbonisation," she said.Under the enhanced MSGI, new carbon emissions-related incentives…

10 Nov 2019

2020 Dominates Dry Bulker Challenges

Pic courtesy: INTERCARGO

In view of the 0.5% global sulfur limit regulation implementation on 1 January 2020, International Association of Dry Cargo Shipowners (INTERCARGO) pointed out that the global availability of safe compliant fuels remains a key question that is largely still unanswered – especially for ships in the dry bulk tramp trades.INTERCARGO’s Chairman Mr Dimitrios J. Fafalios said that INTERCARGO will continue efforts to highlight critical aspects of the 2020 sulfur limit regulation implementation.Areas…

11 Nov 2019

Royal Caribbean Cruise Founder Dies

Edwin W. Stephan, the founder, long time-president, and vice chairman of the board of Royal Caribbean Cruise Line. Photo: Royal Caribbean Cruise Line

Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family," said a statement from the global cruise company said.In 1969 Stephan founded the Royal Caribbean Cruise Line, and his contributions helped create the modern cruise industry we know today. Under his leadership in 1970, the company launched Song of Norway, the first ship purpose-built for warm-water cruising.Since that initial voyage…

08 Nov 2019

50 years of LNG imports in Japan

”Polar Alaska”, transporting the first cargo of LNG to Japan. Photo: JERA

Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th, 1969, LNG was first imported to Japan. Tokyo Electric Power Company (now JERA Co., Inc.) and Tokyo Gas, through Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum (now ConocoPhillips) as a seller.Demand for LNG and natural gas is expected to further increase globally, especially in the emerging countries.

08 Nov 2019

MOL Conducts LNG Bunkering at Nagoya Port

Bunkering LNG fuel, From the left: Toho Gas, Executive Vice President, Shinji Niwa, MOL, Executive Vice President, Takeshi Hashimoto. Photos: MOL

Japanese utility Toho Gas and shipping company Mitsui OSK Lines (MOL) carried out a demonstration test to supply liquified natural gas (LNG)  to the to the tugboat Ishin at the Japanese port of  Nagoya.This marked the first LNG bunkering in the Port of Nagoya, and the test confirmed that LNG can be safely supplied to vessels at the port.LNG was transported via truck from the Toho Gas Chita-Midorihama LNG Terminal (Chita-shi, Aichi Prefecture), and supplied with a truck-to-ship system to Ishin…

08 Nov 2019

Wärtsilä’s Single-Source Capability Key to New Order

Photo: Wärtsilä

The technology group Wärtsilä’s industry-leading portfolio of products, systems and integrated solutions, which allows the company to be a single-source provider for shipbuilding projects, has resulted in a major order.Two new RoPax ferries being built at the Guangzhou Shipyard International (GSI) yard in China will feature a comprehensive package of Wärtsilä solutions. The order with Wärtsilä was placed in October 2019, and there are options for an additional two vessels.The full scope of the order includes four Wärtsilä 46 main engines…

08 Nov 2019

IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility

Photo: BIMCO

The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable, the price for High Sulphur Fuel oil (HSFO) has been become increasingly more volatile in recent months.

08 Nov 2019

First Commercial Cargo Loaded from Tango FLNG

FLNG Tango (File photo: Exmar)

Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply flooding the spot market which has depressed Asian spot prices to their lowest in a decade for this time of the year.The state-owned firm issued a tender which closed on Nov. 6 to sell 2.1 trillion British thermal unit (Tbtu) of LNG for loading from FLNG Tango, the liquefaction vessel off Bahia Blanca…

08 Nov 2019

Russian Gas Tanker to Lift U.S. LNG

Image Credit:MarineTraffic.com / © O.B.

A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv's Eikon showed on Friday.The collection of an LNG cargo from the United States by a Russian tanker would be potentially awkward for Putin and Kremlin-controlled gas company Gazprom, which leased out the vessel to Austrian company OMV in August until November.Two industry sources…

08 Nov 2019

ABS & the Future of Classification

Christopher J. Wiernicki, ABS Chairman, President and CEO.  Photo: ABS

The discussion of the ‘future of class’ seems more relevant today than ever, as the maritime industry navigates a transcendent period, with digitalization, decarbonization and a long list of related safety and risk concerns occupying the attention and budgets of shipowners globally.“There are many things going on in the industry, and in fact the world, and looking ahead I think we’re looking at a ‘new norm’,” said Christopher J. Wiernicki, ABS Chairman, President and CEO. “It’s…

07 Nov 2019

APEM Aerial Surveys at Vietnam’s 3.4GW OWP

Image: APEM

APEM, the European aquatic and environmental consultancy specializing in freshwater and marine ecology and aerial surveys, has begun conducting its first ever aerial surveys at the Thang Long 3.4GW offshore wind project (OWP) in Vietnam."APEM has won a contract with Enterprize Energy. We will be the aerial surveyors for the Thang Long Offshore Wind Farm in the Ke Ga region of southern Vietnam. We are looking forward to working closely with Enterprize Energy. We will be supplying them with bespoke high-resolution aerial surveys.

07 Nov 2019

CDWE Wins Taiwanese OWF Gig

Photo: DEME Group

Taiwanese marine joint venture (JV) company CSBC-DEME Wind Engineering (CDWE) has signed two contracts for the transport and installation of foundations and turbines at the 300MW Zhong Neng offshore wind farm (OWF).The JV between Taiwanese outfit CSBC and Belgian contractor DEME Offshore will aim to deliver the project, owned by China Steel Corporation (CSC), in 2024.The 300 MW Zhong Neng offshore wind farm, developed by China Steel Corporation, is planned for completion in 2024.

07 Nov 2019

Empowering Women in Maritime

IMO Secretary-General's message addressing on Empowering women in the Maritime. Pic: International Maritime Organization (IMO)

"Women bring intelligence and high skills to all fields of the shipping industry – let’s throw off the bowlines!”.This is the message from Port Captain Basak, one of the latest maritime women being featured by International Maritime Organization (IMO) under this year’s World Maritime theme: “Empowering women in the Maritime Community”.Women from across globe are giving an insight into their work, aspirations, how IMO’s Women in Maritime Program has supported them – and their top…

07 Nov 2019

Growth of US Inbound Containers Has Slowed

Source: BIMCO

The accumulated growth rate for US inbound containers has almost been cut in off half from 5.1% in 2018 to 2.6% in August of 2019.Towards the end of 2018, US retailers frontloaded consumer goods ahead of the planned tariff hike in January 2019. While another US tariff hike of 10% on Chinese goods worth USD 160 billion is planned for December 15, BIMCO does not expect the same frontloading to occur this time around, due to heightened uncertainty about the rumored trade deal.According to communication by the US government…

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

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