Industry News

26 Apr 2019

DFDS Invests in Biofuel Start-up

Image: DFDS

Danish shipping and logistics company DFDS has decided to invest in startup company Mash Energy ApS to develop a commercially viable biofuel.The Danish ro-ro giant said in a press note that MASH Energy ApS produces biofuel from agricultural waste, currently from the by-products of nut processing in Tanzania and India.The biofuel is CO2 neutral and can be used in ships. In addition, the residual product is an effective fertiliser and will also contribute to reduce the CO2 balance.Together with Mash Energy…

26 Apr 2019

Maersk Supply Wins FPSO Mooring Project

Image:Maersk Supply Service

Offshore support vessel operator Maersk Supply Service announced that it has been awarded a major FPSO mooring project for a U.S. oil major in the Gulf of Guinea.The  provider of offshore marine services to the oil and gas industry said in a statement that, under the contract, Maersk Supply Service will provide the full scope of work from management to execution, including engineering, procurement, transportation of mooring equipment, safety management and offshore execution using four of Maersk Supply Service’s anchor handling vessels…

26 Apr 2019

IUMI Concerned about Global Marine Underwriting

Pic: International Union of Marine Insurance (IUMI)

The increased risk of large, more complex and costly claims has the potential to impact all marine underwriting sectors in 2019, said the International Union of Marine Insurance (IUMI).Although the global fleet continued to grow at around 3% in 2018, the number of total losses (vessels over 500GT) stood at a 20-year low. Only 21 total losses were recorded last year and this is on the back of a general downward trend witnessed since 2010. The reduction was seen across all vessel classes.Serious casualties (excluding total losses) have stabilised over the past three years but are still higher…

26 Apr 2019

Minerva Bunkering Names Tyler Baron as CEO

Image: Mercuria Energy Group

Minerva Bunkering, formerly Aegean Marine Bunkering Network now a fully-owned subsidiary of Mercuria Energy Group, appointed Tyler Baron as the Chief Executive Officer (CEO).Baron will be based in Geneva, and will oversee Minerva’s global business operations across Europe, the Americas and Asia, said a press note from the physical supplier of marine fuels.“Given Tyler’s history with and dedication to the company, as well as his breadth of experience in financial markets and capital allocation…

26 Apr 2019

Novatek Sell 20% Stake in Arctic LNG 2 to China

Image: Novatek

Russian gas producer Novatek said on  that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2.Under the agreement, the Chinese firms -CNOOC and CNODC - will become shareholders in the Arctic LNG project with 10 percent each. Novatek gave no financial details in a statement announcing the agreements.According to a press release, Novatek  has signed a binding agreement to enter the Arctic LNG 2 project with China National Oil and Gas Exploration and Development Company Ltd (CNODC)…

25 Apr 2019

Six New LNG Vessels Join BP Shipping Fleet

Pic: BP

BP Shipping, the maritime arm of British headquartered global oil company BP, announced that  six new LNG vessels - British Partner, British Achiever, British Contributor, British Listener, British Mentor and British Sponsor - have joined the BP Shipping fleet.Each ship can carry a cargo of LNG equivalent in volume to 69 Olympic sized swimming pools and they deliver this low carbon energy to customers with 20% less CO2 emissions when compared to industry benchmarks.BP Shipping has more than 30 years’ experience operating LNG ships.

25 Apr 2019

OP/ED: The Jones Act is Worth Fighting For

File Image: Congressman John Garamendi at a recent speech at the California Maritime Academy.

The President says he wants to make American great again, so why is he trying to destroy the principal support system for America’s maritime industry? This week, we learned that President Trump is “seriously considering” issuing a broad waiver for the Jones Act, a critical law that requires domestic shipping in the U.S. to occur on ships that are built in the United States, fly the U.S. flag, and are operated by crews consisting of at least 75 percent American citizens.I served as the top Democrat on the House Subcommittee of Coast Guard and Maritime Transportation for six years.

25 Apr 2019

IMO 2020: Total Plans NY Event

Image: INTREPID SEA, AIR & SPACE MUSEUM

As the IMO 2020 Global Sulfur Cap draws nearer, confusion among shipowners remains. To help inform, experts from Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) are embarked on a global conference tour, with the next event coming soon to New York City on board the USS Intrepid, which now serves as a museum and a coveted event space.Following a series of successful events in Europe during March, Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) will be visiting industry professionals in the U.S.

25 Apr 2019

Wallem to Implement BASSnet

Logo: Wallem

As a core backbone for their vision to be the leading provider of technology-driven maritime solutions and transform customers experience the Wallem Group has chosen BASSnet Fleet Management Systems. Wallem has selected the complete suite of integrated software to manage their entire fleet.The signing of Wallem marks a key milestone for BASS, signaling a wider move to complete enterprise solutions in the maritime industry as a means to effectively standardize ship processes. Wallem has chosen to use BASSnet as a total solution for maintenance…

25 Apr 2019

Gas Production Set to Triple in Iraq

Graph: Rystad Energy

Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy."For the world’s fourth largest crude producer, natural gas is about to take pole position," said a statement from the energy research and business intelligence company.New developments are on track to triple the country’s gas production from just over 1 Bcfd in 2017 to about 3 Bcfd in 2022, according to Rystad Energy.It forecasts that gas developments in Iraq will overtake oil projects in 2019…

24 Apr 2019

MOL Adds VLCC 'Phoenix Jamnagar' to Fleet

Pic: Mitsui O.S.K. Lines, Ltd

Japanese logistics major Mitsui O.S.K. Lines (MOL) announced, the delivery of a Very Large Crude Carrier (VLCC), "Phoenix Jamnagar" on April 24, which was built at Japan Marine United Corporation (JMU) Ariake works and will be placed under control of Phoenix Tankers (Phoenix) based in Singapore, a 100% subsidiary of MOL.The vessel was designed and developed by JMU as a next-generation Malacca Max Type VLCC with utilizing its accumulated knowledge and technology as gained through…

24 Apr 2019

World Navies Report: Malaysia

The Royal Malaysian Navy frigate KD Lekiu (FFG 30) arrives at Joint Base Pearl Harbor-Hickam in preparation for Rim of the Pacific (RIMPAC) exercise.. (U.S. Navy photo by Mass Communication Specialist 1st Class Jimmie Crockett)

Navies operate on a spectrum between deterrence and defense, to include offensive operation, support of foreign policy, and power projection to civil affair and humanitarian assistance and disaster response. Many have constabulary responsibilities, and it could be argued that, with the exception of the largest navies, most are more like a coast guard than a military force in their normal responsibilities.Every Navy is different. Yes, they all share similar challenges of acquisition…

24 Apr 2019

Seagull Maritime Acquires Tero Marine

Photo courtesy of Seagull Maritime

Seagull Maritime announced that they have acquired a majority of the shares in Tero Marine. Tero Marine, headquartered in Bergen, Norway, has developed fleet management software for the shipping industry for more than three decades. The company’s flagship, TM Master, is recognized as one of the leading brands in the business. Today, TM Master is a crucial tool for shipowners all over the world, not only as an instrument for planned maintenance (and asset management), but also as a business intelligence resource.Tero Marine is growing fast and has currently more than 55 employees…

24 Apr 2019

Viega Names Samona as Head of HR

Terry Samona (Photo: Viega)

Industry veteran Terry Samona has been named Vice President of Human Resources at Viega LLC.Samona oversees human resources management and development at Viega’s operations in the U.S., including headquarters and a seminar center in Broomfield, Colo.; a manufacturing plant and distribution hub in McPherson, Kan.; three additional distribution centers in Nevada, Georgia and Pennsylvania; and a seminar center in Nashua, N.H.Samona’s entire career has been in human resources. Prior to joining Viega, he was vice president of human resources at Hach Environmental.

24 Apr 2019

E.ON, Kyuden Mirai to Develop Offshore Wind in Japan

Image: E.ON

Germany-headquartered energy company E.ON and Japanese renewable energy company Kyuden Mirai Energy signed a cooperation agreement to jointly develop offshore wind projects in Japan.A press release from the European holding company based in Essen said that the cooperation is focused on fixed bottom projects and starts with a study to jointly select a project for development, construction and operations in the Kyushu area, the southernmost island of Japan. The companies may consider…

24 Apr 2019

Aus Govt Cancels Funds for Newcastle Cruise Terminal

Image: Port of Newcastle Operations Pty Limited

Port of Newcastle issued a media release announcing that Infrastructure NSW, an Australian government entity,  had withdrawn A$12.7 million funding for the project.“Infrastructure NSW has advised that the AUD12.7 million funding for the cruise terminal project is no longer available,” the Port of Newcastle said in a statement.Port of Newcastle has been working on this project on behalf of the NSW Government on the basis of providing a facility that meets the cruise industry's…

24 Apr 2019

Naval Group Invests in b<>com

Image by  Naval Group

Naval Group has just joined b<>com, a European innovation center based in France. This partnership brings together the European leader in naval defense and the researchers and engineers of the innovation center with a wide range of expertise.It will help to accelerate technological advances in the field of new digital and communication technologies. The two partners will work together on breakthrough solutions and innovations to reinvent digital solutions for naval defense solutions.The global naval defense market…

23 Apr 2019

GSL Inks Long Term Charter with Maersk

Pic: Maersk Line

UK-based containership charter owner Global Ship Lease (GSL) has agreed a minimum 30-month / maximum 38-month charter with Maersk Line for the 2000-built, 5,936 TEU containership Tasman.The new charter is expected to commence in July 2019 on the completion of the current charter and is subject to a further 12-month extension at the charterer’s option.The charter is expected to generate approximately $5.3 million of Adjusted EBITDA for the median firm period and an additional $4.4 million if the 12-month extension option is exercised.George Youroukos…

23 Apr 2019

Wallenius, SOL Join Forces to Launch New Firm

Pic: WALLENIUS SOL

Two Swedish shipping companies - Wallenius and Swedish Orient Line (SOL) - have formed a shipowning joint venture that will sail from ports in Sweden and Finland.The company has five ships so far and plans to order four LNG-powered newbuilds to operate ice-class vessels for the forestry product trades in the Gulf of Bothnia and Baltic Sea area.The new Nordic joint venture, named WALLENIUS SOL,  is to strengthen the infrastructure for the needs of Finnish and Swedish industry.

23 Apr 2019

Wilhelmsen in Jubilee Celebration

Image:Wilhelmsen Ship Management

Wilhelmsen Ship Management  has recently hosted a jubilee celebration with loyal customers in Tokyo, where it all began.On 3 April 2019, more than 50 invited guests and media friends attended an exclusive celebration marking Wilhelmsen Ship Management's 25 years in the gas segment at Ascott Marunochi Tokyo.The guests consist of long-time customers, some who have been with us when we began our gas journey in 1994. They expressed their congratulations and were overjoyed to be part…

23 Apr 2019

GasLog, GasLog Partners Name COO Designate

Paolo Enoizi. Photo: Stolt-Nielsen

GasLog and GasLog Partners announced that Paolo Enoizi has been appointed as Chief Operating Officer (COO) Designate of GasLog and GasLog Partners.Paolo, who will be based in Piraeus, Greece, will take up his role in August 2019 and initially work alongside current COO Richard Sadler to ensure a smooth transition of responsibilities.On joining GasLog in August 2017 and in addition to his day-to-day responsibilities, Richard indicated his desire to work with the rest of the senior leadership team to identify a long-term successor for the COO role.

23 Apr 2019

VT Halter Wins Historic $746m CG Contract

VT Halter in Pascagoula, MS, won a $746m contract to build the U.S. Coast Guard's lead Polar Security Cutter. Photo: VT Halter.

VT Halter Marine of Pascagoula, MS has emerged the victor in one of the most prized and coveted shipbuilding contracts in recent memory, a $746m deal to build the Coast Guard's lead Polar Security Cutter. If two additional ship options are exercised, the total deal could approach $2B.The U.S. Coast Guard and U.S. Navy, through an Integrated Program Office (IPO), awarded VT Halter Marine Inc., of Pascagoula, Mississippi, a fixed price incentive (firm) contract for the Detail Design and Construction (DD&C) of the Coast Guard’s lead Polar Security Cutter (PSC).

23 Apr 2019

World Navies: Taiwan develops indigenous combat capabilities

ROCS Yueh Fei (PFG-1106) is one of the ROCN’s surface combatants.  It was built in Taiwan to the U.S. Navy’s Oliver Hazard Perry guided missile frigate design. (ROCN photo)

Navies operate on a spectrum between deterrence and defense, to include offensive operation, support of foreign policy, and power projection to civil affair and humanitarian assistance and disaster response. Many have constabulary responsibilities, and it could be argued that, with the exception of the largest navies, most are more like a coast guard than a military force in their normal responsibilities.Every Navy is different. Yes, they all share similar challenges of acquisition…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

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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