Shipbreaking Case Against Seatrade in Dutch Court
For the first time in Europe, Public Prosecutors are bringing criminal charges against a ship owner – Seatrade – for having sold vessels to scrap yards in countries “where current ship dismantling methods endanger the lives and health of workers and pollute the environment”. The case is being heard in a Rotterdam Court this week, and the Dutch Public Prosecutor calls for a hefty fine (2.35 mill EUR) and confiscation of the profits Seatrade made on the illegal sale of four ships, as well as a six month prison sentence for three of Seatrade’s top executives.
Banks Backs Responsible Ship Recycling Standards
Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian DNB, announced that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The banks took the opportunity of making this announcement during the biannual industry gathering in order to raise awareness with the intention of including more banks into the initiative. The Norwegian fund, KLP, who in 2016 commissioned a report by the International Law and Policy Institute on shipbreaking, had also already taken a stance to reject beaching practices.
Italian Ship Owners Accused of Poor Shipbreaking Practices
Italian shipping companies Grimaldi Group, Ignazio Messina and Vittorio Bogazzi & Figli are facing strong criticism from the NGO Shipbreaking Platform for reported poor shipbreaking practices. The NGO Shipbreaking Platform, a global coalition of 19 environmental, human rights and labor rights organizations working to end polluting and dangerous shipbreaking, denounced the companies, calling upon them to take action to ensure the sustainable recycling of their end-of-life fleet.
Industy Supports EU's Call for Financial Incentive to Enhance Sustainable Recycling
The European Economic and Social Committee (EESC) adopted an own initiative opinion that calls on the European Commission to introduce an incentive that will “eliminate the abuses of irresponsible ship dismantling through a system which creates added value in an end-of-life ship”. SEA Europe, IndustriAll Europe and the NGO Shipbreaking Platform join the EESC in supporting an incentive that will make sure ships are recycled in a safe and environmentally sound manner. “European…
EU Sets Standards for Sustainable Ship Recycling
Today, the European Commission (EC) publishes technical guidance for ship recycling facilities that want to be approved under the EU Ship Recycling Regulation. The European Union (EU) mirrors with this step the call by environmental and human rights NGOs for a relocation of ship recycling to platforms that can ensure sustainable practices. Facilities that intend to be listed as EU-approved will need to ensure safe working conditions, pollution control including proper downstream waste management and enforcement of international labor rights.
Tide Carrier Under Arrest in Norway
After having been informed by the NGO Shipbreaking Platform and its member organisation Bellona that the Tide Carrier (now named HARRIER, aka EIDE CARRIER) had been sold for illegal, dirty and dangerous scrapping to a South Asian beaching facility, the Norwegian environmental authorities arrested the ship on Tuesday 5 April. The vessel is not allowed to leave Norway unless it is to sail to a ship recycling destination in line with international and European hazardous waste laws.
Pakistani Shipbreaking Plot Sealed Off
Shipbreaking plot no. 54 in Gadani, Pakistan, was sealed off after a massive fire broke out on-board the ship ACES (IMO 8021830), said NGO Shipbreaking Platform. This is the same floating oil production tanker that blew up on 1 November last year – an explosion that caused the death of 31 workers and seriously injured at least another 58 workers. Fortunately, reports seem to indicate that no workers got caught in the flames of yesterday’s fire on the ACES. After having been left untouched and unbroken in the same yard since last year’s catastrophic explosion…
Kongsberg Maritime DP Pioneer Earns Award
The Marine Technology Society has honoured Kongsberg Maritime Dynamic Positioning veteran, Nils Albert Jenssen with a distinguished achievement award for his services to Dynamic Positioning. Nils Albert, who is internationally recognised as one of the world's leading engineering authorities on DP, received the award at the DP user seminar, organised by the society, in Houston, 24-25 September 2007. The Marine Technology Society is a highly respected non-profit organisation made up of ocean engineers, technologists, policy makers and educators. "Nils Albert Jenssen has played a key role in the development of DP Software and control systems for almost thirty years. He has also been the driving force behind the evolution of the highly successful Kongsberg systems.
Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
NGOs Call Upon EU to Effectively Regulate Shipping Pollution
From dangerous emissions in ports to hazardous scrapping on South Asian beaches, European shipping companies pollute and put people’s health and lives at serious risk. In light of the ongoing European Shipping Week and the failure of the International Maritime Organisation to find solutions, environmental experts are ringing the alarm bell and calling upon European policy makers to urgently adopt policies that effectively target the environmental performance of shipping. “Every year approximately 50,000 people in the EU die prematurely because of air pollution from ships.
Teekay Orders Shuttle Tanker Newbuilds
On July 27, 2017, Teekay Offshore (TOO) CEO Ingvild Sæther announced the contract signing for two Suezmax-size, DP2 shuttle tanker newbuildings, with options to order up to two additional vessels. The vessels are scheduled to be delivered in 2019 and 2020 and provide shuttle tanker services in the North Sea in support of Statoil. The newbuilds will be constructed based on TOO’s new Shuttle Spirit design which incorporates technologies to increase fuel efficiency and reduce emissions, including liquefied natural gas (LNG) propulsion.
EC Financial Instrument to Facilitate Ship Recycling
The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week. Whilst it acknowledges the benefits for clean and safe ship recycling such an incentive would bring, the European Commission has decided to wait with its introduction. NGOs urge the EU to take action now as it is well documented that ship owners will with ease be able to circumvent the EU Ship Recycling Regulation by simply swapping the flag of their vessel to that of a non-EU State.
Teekay Announces Senior Management Appointments
Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in Vancouver, Canada and will be succeeding Peter Evensen, who will take over as Teekay's President and Chief Executive Officer in April 2011 as a result of the previously announced retirement of Bjorn Moller.Mr. Hvid joined Teekay in 2000 from A.P. Moller, and was responsible for leading the Company's global procurement activities until he was promoted in 2004 to Senior Vice President, Teekay Gas Services. During this time, Mr.
Teekay Orders Additional Shuttle Tanker Duo
Teekay Offshore Partners L.P. has declared options with Samsung Heavy Industries Co., Ltd. for the construction of two Suezmax DP2 shuttle tanker newbuilds for a total fully-built-up cost of approximately $265 million. Upon delivery in 2020, the vessels will join Teekay Offshore’s Contract of Affreightment (CoA) fleet in the North Sea. “This is another important milestone for Teekay Offshore’s shuttle tanker franchise since it further strengthens our position as the leading provider of CoA shuttle tanker services in the North Sea,” said Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd. According to Teekay, the newbuilds will be constructed based on the Partnership’s new Shuttle Spirit design which incorporates technologies to increase fuel efficiency and reduce emissions…
Wärtsilä Scrubbers for Korean Ferry Newbuild
Wärtsilä said it has been contracted to supply its exhaust gas cleaning system for a new Korean ferry being built for Weidong Ferry at the Hyundai Mipo Dockyard. The system will consist of two 13 MW Open Loop V-SOx Scrubbers specifically optimized for the new vessel, a 31,000 gross tonnage RoPax ferry to be operated by Weidong Ferry between Korea and China. The contract with Wärtsilä, which was booked in January 2017, will see the first Wärtsilä scrubber system installed where the shipyard, the owners and the vessel's operational area are all in Korea.
Ship Emissions First: Commercial Scrubber System in Operation
Hamworthy Krystallon announced that the first of four vessels installed with the company’s seawater scrubbers for Italian ship owner Ignazio Messina & Co has come on line. Linea Messina is reported to be the first ever vessel to operate commercially with a scrubber system, enabling Ignazio Messina to meet 0.1% sulfer emissions regulations in EU ports, as well as “future-proofing” the vessel for the impending 2015 0.1% Emission Control Area (ECA). “This is a landmark moment, not just for Hamworthy Krystallon, but the entire shipping industry,” said Sigurd Jenssen, Managing Director, Hamworthy Krystallon. “Bringing Linea Messina on line highlights the validity of scrubbing technology as a viable and cost-effective solution to meet the stringent sulphur emissions regulations…
Hamworthy Acquires Krystallon
Hamworthy has completed the acquisition of Krystallon Limited. Fluid handling systems supplier Hamworthy has acquired the company that pioneered gas scrubber development as a commercially viable alternative to costly low sulphur content distillates, to comply with new International Maritime Organization (IMO) MARPOL Annex VI regulations on emissions. Last year IMO agreed the concept of Emission Control Areas, ruling that the maximum sulphur content in fuels used in such zones must be cut to 1.5%, then to 1% by 2012, and to 0.1% in 2015. The regulations are already in force in the North Sea, English Channel and the Baltic. Similarly the US and Canada have applied for ECA status for the waters extending 200 Nm from their coasts. Other countries are expected to follow suit.
Teekay Offshore Partners Sign FSO Contract
The contract with Statoil is to provide a floating storage and offtake (FSO) unit for the Gina Krog oil & gas field located in North Sea. The contract will be serviced by a new FSO unit converted from the 1995-built shuttle tanker, Randgrid, which is currently 67 percent owned by Teekay Offshore. The Partnership's portion of the FSO conversion project is expected to be completed for a total net capital cost of approximately $220 million, including the cost of acquiring the remaining 33 percent ownership interest in the Randgrid shuttle tanker. Following completion in the first quarter of 2017, the newly converted FSO unit will commence operations under a 3-year firm period time-charter contract to Statoil, which includes 12 additional one-year extension options.
Teekay Offshore Sees Profit Drop
Teekay Offshore Partners has reported GAAP net income attributable to the partners and preferred unitholders of $92.0 million and adjusted net income attributable to the partners and preferred unitholders of $8.5 million in the fourth quarter of 2016. Teekay Offshore has generated GAAP income from vessel operations of $56.5 million and $230.9 million, respectively, and total cash flow from vessel operations(1) of $134.8 million and $584.3 million, respectively, in the fourth quarter and fiscal year 2016.
Brookfield Buys Stake in Teekay Offshore
Canadian asset manager Brookfield Business Partners will buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported quoting company sources. Brookfield said it would invest $610 million to buy the stake in Teekay Offshore and will also acquire a $200 million loan given by Teekay Corp to Teekay Offshore. Teekay Corp in a separate statement said, following the transaction, it would own 14 percent of Teekay Offshore.
First Oil and Contract Start-up for Libra FPSO
Teekay Offshore Partners L.P. announced that its jointly owned floating production storage and offloading (FPSO) unit, the FPSO Pioneiro de Libra (Libra), has achieved first oil and commenced its 12-year charter contract with a group of international oil companies, including Petrobras, Total, Shell, CNPC and CNOOC Limited, on the Libra oil field where it will perform early well tests. The Libra FPSO unit is the first unit to produce oil on the giant Libra block, which covers more than 1,500 square kilometers in the Santos Basin.
Brookfield Completes Acquisition of Teekay
Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Business, together with its institutional partners (collectively Brookfield). “With this comprehensive transaction now completed, Teekay looks forward to working with Brookfield as co-sponsors of Teekay Offshore to support the Partnership’s continued growth,” commented Kenneth Hvid, Teekay’s President and CEO. “With our existing in-progress growth projects now fully financed and nearing completion…
Wärtsilä Scrubbers for New Japanese Bulk Carriers
Wärtsilä informs it has been contracted to supply exhaust gas cleaning systems for two new 56,000 DWT Handymax bulk carriers being built at Oshima Shipbuilding Co., Ltd. in Japan for Tokyo based NYK Bulk & Projects Carriers Ltd. (NYK BP). The newbuilds will be the first vessels owned or chartered by NYK Group having exhaust gas cleaning systems installed. By fitting the scrubber systems, the ships will be compliant with the International Maritime Organization’s (IMO) SOx emissions regulations, which come into force in 2020.