Interest News

24 Mar 2019

Nakilat - Keppel Completes First FSRU Project

Pic: Nakilat-Keppel Offshore & Marine (N-KOM)

Qatar-based Shipyard, Nakilat-Keppel Offshore & Marine (N-KOM) has recently received its first floating storage regasification unit (FSRU) project at the Erhama Bin Jaber Al Jalahma Shipyard.The FSRU owned by Excelerate Energy (USA) will undergo drydocking, maintenance and upgrades at the facility, which is renowned for its expertise in handling gas carriers.During its drydocking, the FSRU will undergo several modifications and retrofitting of new systems, including the installation of a ballast water treatment system (BWTS).

22 Mar 2019

OP/ED: The Capital Construction Fund

Tom Escher, owner, Red and White Fleet

How to make the Capital Construction Fund work for all vessel owners and operators.The Red and White Fleet is a passenger vessel operator on San Francisco bay with roots back to 1892. We make no secret of the fact that we want to build new vessels with zero environmental signatures, all in an effort to increase employment for shipyard workers, provide new jobs for US mariners, and provide a training ground to support the growth of the U.S. flag deep sea ships. That mission is, today, unnecessarily difficult. The reasons why are easy to see.Not too long ago, H.

22 Mar 2019

Teekay Joins SRTI

Image: Teekay

Teekay Shipping Corporation, the global marine energy transportation, storage & production company, has signed up to the Ship Recycling Transparency Initiative (SRTI).The Canadian shipowner thus  joined A.P. Moeller-Maersk, the China Navigation Company, Wallenius Wilhelmsen and other major maritime players and becomes the eighth to make public their approach to ship recycling.“Teekay is committed to helping the ship recycling facilities that we work with elevate their skills and performance to increase safety and sustainability…

21 Mar 2019

ZIM: Higher Revenues, But a Loss in 2018

Pic: ZIM

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However, the global container liner had a net loss in 2018 of $119.9 million, including an impairment loss of $38.0 million with respect to vessels classified as held for sale, compared to net profit of $11.4 million in 2017.Adjusted earnings before interest…

21 Mar 2019

CPA Selects GZA GeoEnvironmental for Work

Image: CT Port Authority

Connecticut Port Authority announced  that GZA GeoEnvironmental will provide design and engineering solutions for repairs and modifications of Pier 7 located at Fort Trumbull.Working closely with the Connecticut Department of Energy and Environmental Protection (DEEP) – the facility owner – the Connecticut Port Authority is investing  in the project and will oversee GZA GeoEnvironmental during the study.Pier 7 is an important piece of Connecticut’s maritime infrastructure, and…

21 Mar 2019

Polish LNG Terminal Gets EU Grant

Image: Polskie LNG

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The European Commission said in a notification that it has approved plans to support the increase of the regasification capacity, and the development of additional functionalities of the LNG terminal in Poland.The plans were approved under EU State aid rules and would see the terminal capacity increase…

20 Mar 2019

Italian Police Escort Migrant Boat

© Carlo Toffolo/Adobe Stock

An Italian charity ship was escorted into the port of Lampedusa by police on Tuesday after rescuing 49 Africans in the Mediterranean, with Interior Minister Matteo Salvini calling for the crew to be arrested.A judicial source said a magistrate had ordered that the boat, the Mare Jonio, be seized as an investigation is launched into allegations of aiding and abetting human trafficking.The vessel picked up the migrants, including 12 minors, on Monday after their rubber boat started to sink in the central Mediterranean…

20 Mar 2019

Amsterdam Port Pushes Intermodal

Image: Port of Amsterdam

The shipping companies and terminals in and around Amsterdam port are launching a range of initiatives for using rail more extensively for the transport of cargo, including containers and liquid bulk cargo.Recently Port of Amsterdam organised a rail freight transport breakfast session for clients and stakeholders who have an interest in rail freight transport. This is because the accessibility of rail freight transport in the Amsterdam port area is not a given and faces a clear…

19 Mar 2019

Italy's Salvini in Migrant Boat Stand-Off

Interior Minister Matteo Salvini said on Tuesday he would not let an Italian-flagged charity ship disembark 49 Africans rescued in the Mediterranean, setting up a fresh confrontation with humanitarian groups over migration.The Mare Jonio picked up the migrants, including 12 minors, on Monday after their rubber boat started to sink in the central Mediterranean, some 42 miles (68 km) off the coast of Libya.The vessel headed straight for the nearby Italian island of Lampedusa but was not granted permission to dock and is currently sailing close to land, awaiting further instructions.Salvini, who heads the anti-immigrant League party, has told non-governmental organisations that Italy's ports are closed to them…

20 Mar 2019

Marine Hybrid quietly arrives … positioned to explode

The Harbor Harvest under construction (CREDIT: Robert Kunkel)

Hybrid is not only here, it is growing, and with that growth it will soon reach far beyond coastal applications.For those who were around for the arrival of Y2K, you will remember the anticipation, preparation and perspiration as the maritime world waited for the failure of communications, navigation, security and machinery associated with the digital change of the clock. The forecasts, now historical urban legend, left the world without a digital catastrophe.We wait now for 2020 and the advent of the IMO maritime emissions regulations.

19 Mar 2019

Cruise Meet at Posidonia Forum

Photo: Posidonia

The biennial Posidonia Sea Tourism Forum will be held from May 28-29, 2019, at the Domotel Kastri Conference Center, in Athens’ northern suburbs. Here there will be more than 30 senior cruise executives responsible for ports and destinations from the world’s biggest cruise lines, including MSC Cruises, Royal Caribbean Cruises, Holland America Group, Disney Cruise Line, Silversea Cruises, Fred Olsen Cruise Lines and Celestyal Cruises among others.Elisabetta De Nardo, VP Port Development…

15 Mar 2019

Denmark ShippingLab for Smart Shipping

Pic: J. Lauritzen

A new Danish maritime research, development and innovation partnership has been established under the name of ShippingLab.Danish shipping company J. Lauritzen together with Maersk Tankers, DFDS, Torm and a range of other shipping companies, industrial maritime suppliers, research and technology institutions and universities have formed the partnership, where industry and academia work together with the purpose of solving practical issues to the benefit of society.The overarching goal of the partnership is to develop Denmark’s first autonomous, environmentally friendly ship.

15 Mar 2019

ICTSI Net Income Up 22% in 2018

Basra Gateway Terminal. Photo: ICTSI

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017…

15 Mar 2019

Seismic Shoot Offshore South Africa Begins

Image: Polarcus

Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, has announced the start of a new 3D marine seismic acquisition programme over the Paddavissie Fairway on Block 11B/12B offshore South Africa.The Brulpadda discovery is located on Block 11B/12B in the Outeniqua Basin 175 kilometers off the southern coast of South Africa. The block covers an area of 19,000 square kilometers with water depths ranging from 200 to 1,800 meters.Jan Maier…

13 Mar 2019

Explorer Profile: Sven Lindblad

Now 68 and living in New York City’s West Village, Sven Lindblad hails from Sweden. Early adulthood was in Kenya where he lived until from 1969 to 1977. Nature, wild places and people who understood real survival challenges in Africa shaped his formative years. Photo: David Vargas/Lindblad Expeditions

Profiled in the March 2019 "cruise" edition of Maritime Reporter & Engineering News is Sven Lindblad, intrepid explorer and wildlife photographer Sven Lindblad blazed the trail for environmentally sensitive travelers to Antarctica on Lindblad Expedition’s fleet of cruise ships with National Geographic.You can tell a lot about a man by whom his heroes are, whether famous athletes, virtuoso musicians, brave warriors or movie stars. As we age, we choose our heroes by their moral compass…

13 Mar 2019

BP, ExxonMobil in Alaska LNG Deal

Image: Alaska Public Media

Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and Exxon Mobil to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project.According to the agreement, the concerned parties would work together to identify ways to improve the Alaska LNG project ’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the project.AGDC Interim President Joe Dubler said, “Our respective organizations share an interest in the successful commercialization of Alaska’s stranded North Slope natural gas.

13 Mar 2019

Partners Group invests in Greenlink

Marine survey work starts for Greenlink interconnector. Image : MV Franklin ( © MMT Sweden)

Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector,  the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power, an independent renewable energy developer, which, together with funds managed by Hudson Sustainable Investments, is the other major shareholder in Greenlink.Greenlink will use a subsea high-voltage direct current (HVDC) cable system to connect the power markets of Ireland and Great Britain…

11 Mar 2019

VA Offshore Wind: A Strong Foundation

© dell/Adobe Stock

Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including wind towers for electricity generation and the supply chain to support that extensive infrastructure and operations. The State’s big picture is ambitious: developing 2,000 MW of offshore wind by 2028.As currently envisioned, VA’s offshore wind development will likely start this year with two 8-megawatt wind turbines 27 miles off the coast of Virginia Beach. This is a Dominion Energy pilot undertaken in partnership with the Danish wind company Orsted.

07 Mar 2019

GEA Marine Separator Bags New Orders

Pic: GEA

The technology supplier GEA said that the first contracts for orders for new GEA Marine Separator have now been signed.A total of 20 GEA marine Separators will be installed on two cruise ships, it said in a press release."The innovative GEA technology collected the decisive plus points through the integrated direct drive, the simple service concept, the compact and thus space-saving design, the increased output per square meter of floor space and the intelligent connectivity.

07 Mar 2019

Will Hydrogen Signal a Greater Use of Renewables?

DC-Hub - the intelligent solution to an uncertain fuel future   (Photo: Yaskawa)

Yaskawa Environmental Energy / The Switch believes the global maritime industry is now on the threshold of a committed move towards renewable energy, with hydrogen as the potential acid test in the shift away from fossil fuels.“Renewables and alternative fuels are attracting increasing interest, driven by greater environmental awareness within society, tighter regulations and an industry-wide need to optimize energy use and manage costs,” comments Asbjørn Halsebakke, Product Manager of Marine Drives, Yaskawa Environmental Energy/The Switch Norway.

06 Mar 2019

First Mega-Boxship Retrofit to LNG Ordered

Pictured here, the ‘Sajir’ whose 9S90ME-C main engine will be converted to a dual-fuel MAN B&W ME-GI unit capable of running on HFO and LNG (Photo courtesy of MAN Energy Solutions)

Hapag-Lloyd pilot gas-conversion leads the way for emissions reduction and decarbonizationMAN Energy Solutions has signed a contract for the conversion of a 15,000 TEU container vessel to dual-fuel operation. The container vessel MV SAJIR is owned by Hapag-Lloyd, a leading liner shipping companies, and normally serves a route from Asia to northern Europe via the Suez canal. The pilot project will entail the conversion of an existing, HFO-burning MAN B&W 9S90ME-C engine to a dual-fuel MAN B&W ME-GI (-Gas Injection) prime mover capable of running on HFO and LNG.

01 Mar 2019

CMA CGM Books Rrecord Revenue

(Photo: Eric Haun)

French container shipping group CMA CGM booked record revenue in 2018 as trans-Pacific goods traffic remained buoyant despite U.S.-Chinese trade tensions, but soaring oil prices cut deep into its profits, it said on Friday.The firm's 2018 volumes rose by 9.3 percent and for the first time exceeded 20 million TEUs (Twenty-foot Equivalent Units) due to a strong performance of most of the shipping lines operated by the group, in particular the Transpacific, India/Oceania and Africa lines.Full-year revenue grew 11.2 percent to a record $23.48 billion…

01 Mar 2019

Le Maire: STX-Fincantieri Shipyard Deal to Happen

STZ France (Credit PEMA)

The merger of Italian shipbuilder Fincantieri with STX France will go ahead as planned, Finance Minister Bruno Le Maire said on Friday, speaking after a period of tension between the Italian and French governments."The STX-Fincantieri deal will happen because we want it, because it is our ambition and because it is in our interest to create a shipyard giant, notably in Asia," Le Maire said, speaking at a Franco-Italian business summit in Versailles also attended by his Italian counterpart, Giovanni Tria."I believe in this merger, I believe in a tie-up between France and Italy in naval matters

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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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