Marine Link
Friday, December 15, 2017

Irinvestship Limited News

Volgograd Delivers Cargo Vessel

The Volgograd shipyard recently delivered the dry cargo vessel, Iran Amirabad, to Irinvestship Limited. The contract for the building of a series of the four dry cargo vessels was singed in August 2005. The first vessel Iran Anzali was delivered to the customer in February 2007, the second vessel, Iran Nowshahr – in June 2007, the forth vessel was laid in December 2006. The ships will transport general, solid-bulk, timber and logs, big and hazardous cargo, containers. They can be used in the Caspian Sea, Mediterranean Sea, Black Sea, White Sea, North Sea. The length of the vessel is 459 ft., deadweight in sea/river – 6750/4343 tons, carrying capacity in sea/river – 6325/4100 tons. The project of the ship was developed by the Maritime Engineering Bureau (Odessa).

Apeejay Shipping Adds New Vessel to its Fleet

Photo: Apeejay Shipping Limited

Apeejay Shipping, an Apeejay Surrendra Group company, has announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build. The ship is renamed ‘APJ ANGAD 2’. The acquisition takes its total fleet capacity to 5,18,018 MT DWT with an average fleet age of 12.5 years. Earlier in September, the company acquired 74,107 MT DWT Gearless Panamax, Japanese build, renamed ‘APJ UMA KISMAT’. A leading Indian ship-owner, Apeejay Shipping Limited is cautiously optimistic about domestic and international demand prospects.

ABS Partnership Enhances Safety in Ghana’s Offshore Industry

Photo: ABS

ABS, a leading provider of classification and technical services to the marine and offshore industries, formed a joint venture with Notabene Classification Limited to offer regulatory and technical support services, including key classification services to the upstream oil and gas market in Ghana. “This joint venture is an important milestone and demonstrates our strong commitment to advancing safety in all parts of the globe,” said ABS Executive Vice President, Global Offshore, Kenneth Richardson.

Ocean Yield Invests in 3 NAT Suezmaxes Newbuilds

Photo: Nordic American Tankers

Ocean Yield ASA has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT). The net purchase price is USD 43.2 million per vessel after seller's credit. The net purchase price constitutes 77.5% of the gross purchase price, which is equal to the yard contract price. The vessels are scheduled for delivery by the yard, Samsung Heavy Industries, South Korea, in June, August and October 2018. NAT will have options to acquire the vessels after year 5 and 7 in addition to an obligation to repurchase the vessels at the end of year 10.

Robert Allan Delivers Two RAmparts 3200 CL Tugs to Ocean Sparkle

Photo: Robert Allan Ltd

In 2011, Ocean Pioneer and Ocean Perfect, the first two RAmparts 3200 CL tugs developed by Robert Allan exclusively for Cheoy Lee Shipyards, Hong Kong were delivered to Ocean Sparkle Limited, the largest Indian tug owning and operating company with more than 80 tugboats under its fleet. Since then, 33 sister tugs of this CL series have been constructed by the same builder for their clients around the world. It is very rewarding to see Ocean Sparkle Limited returned to Cheoy Lee Shipyards…

Gangway Innovation Allows Safer Transfer at Offshore Wind Farms

Photo: Ampelmann

Ampelmann has created, in cooperation with Seaway Heavy Lifting, an industry first innovation allowing workers safe and efficient access to install the jackets for 84 wind turbines on the Beatrice Offshore Windfarm Limited project in the Outer Moray Firth. Global offshore contractor Seaway Heavy Lifting awarded the EPCI contract to Ampelmann to design and create an Angular Boom Tip. This will allow secure connection at difficult angles for safe gangway transfer between the 5,000 tonne heavy lift vessel (HLV) Oleg Strashnov and the 2…

Speedcast Announces Executive Management Changes

Speedcast International Limited has announced two changes to its executive management team: Keith Johnson will become chief operating officer, and Erwan Emilian will lead the Enterprise & Emerging Markets division. Johnson, currently EVP of Speedcast’s Energy Division, will take over for David Kagan as chief operating officer, while also keeping his existing Energy Division responsibilities. Kagan leave Speedcast in early December for personal reasons, but will remain as an advisor to the CEO on a limited-time basis. Johnson joined Speedcast in 2014 after spending over 20 years at Harris CapRock Communications, where he held numerous senior operational roles, including heading global operations and business unit leadership roles.

Limited Brands Honors MOL

Limited Logistic Services, the transportation arm of specialty retailer, Limited Brands, has presented MOL its ocean carrier 2006 Distinguished Service Provider award. Limited Brands made the announcement on January 29, 2007. Limited Brands, the internationally recognized parent company of Victoria’s Secret, Express, Bath & Body Works, and Limited Stores, owns and operates more than 4,000 stores in the United States. The Distinguished Service Provider award is presented annually to the ocean carrier whose supply chain innovations best support the achievement of Limited Brands’ goals.

IMO Orders Fuels of the Future

© Igor Groshev / Adobe Stock

The new sulfur, carbon dioxide limits ewill demand precise understanding by ship owners and operators. Globally, new regulations are coming into effect governing the Sulfur Oxide (SOx) limits and CO2 emissions. The International Maritime Organization (IMO) has updated the maximum amount of SOx allowed in fuels and the European Commission is introducing new reporting requirements to monitor CO2 emissions. Understanding the impacts of these changes on ship owners and operators is critical given the market conditions for maritime services.

WQIS Prepared for COFR Limit Increase

On July 11, 2006 the President signed into law Title VI of the Coast Guard and Maritime Transportation Act of 2006, which increased the limits of liability for vessels under OPA 90. It also split the tank vessel category into single and double hulls with single hulls having higher limits. Those limits went into effect in 2006. However, the requirement for evidence of financial responsibility required to obtain a Certificate of Financial Responsibility (COFR) was not increased at that point. Meaning, existing COFRs remained valid. By a notice in the Federal Register/Vol. 73, No.181/Wednesday, September 17, 2008 the Coast Guard promulgated regulations implementing the new COFR regulations to take effect from January 15, 2009. As of that date, the financial guaranty or insurance to the U.S.

Coast Guard Announces Interim Rule

The U.S. Coast Guard has published an interim rule that adjusts limits of liability for vessels and deepwater ports under the Oil Pollution Act of 1990. The interim rule, effective July 31, 2009, increases the current OPA 90 limits of liability for vessels and deepwater ports to reflect significant increases in the Consumer Price Index since the limits were amended by the Delaware River Protection Act of 2006. The rule also increases the current OPA 90 limit of liability for the Louisiana Offshore Oil Port to reflect Consumer Price Index increases since the Louisiana Offshore Oil Port limit was established by regulation in 1995.  

Keppel Secures $130 mln in Projects

Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras and SOFEC Inc. (SOFEC) respectively, worth a combined value of approximately S$130 million. Keppel FELS Brasil's BrasFELS shipyard has secured hull carry over work for the Floating Production Storage and Offloading (FPSO) unit P-69 from Tupi BV (a consortium formed by Petrobras Netherlands B.V., operator with 65%; Shell with 25%; and Petrogal Brasil with 10%), which is represented by Petrobras. The additional work scope on P-69 includes the installation of equipment and cables for the hull as well as the commissioning of marine systems.

Maritime Claims – Limits Increased by IMO

Amendments to increase the limits of liability in the 1996 Protocol to the Convention on Limitation of Liability for Maritime Claims were adopted by the Legal Committee of the International Maritime Organization (IMO), when the Committee met for its 99th session in London. The LLMC Convention sets specified limits of liability for two types of claims against shipowners - claims for loss of life or personal injury, and property claims (such as damage to other ships, property or harbour works). Taking into account the experience of incidents, as well as inflation rates, the limits set in the 1996 Protocol have, in recent years, been seen to be inadequate to cover the costs of claims, especially those arising from incidents involving bunker fuel spills.

BAE Systems, SENER Close $3.8M Deal

Acting on behalf of the Aircraft Carrier Alliance (ACA), UK-based BAE Systems Marine Limited, has closed a contract with the Spanish company Sener Ingeniería y Sistemas S.A., for the license to use the FORAN System in the development of the Stage 1 (System Design) of the CVF Project (UK Royal Navy Future Aircraft Carrier). The contract involves around 100 FORAN seats and a specified set of support services. Activities have started immediately and FORAN has already been installed at the Glasgow, Barrow-in-Furness and Portsmouth sites. Services to be provided by SENER include training, customization, on-site and remote technical assistance, as well as the development of interfaces between FORAN and existing Business Systems.

Polynesian Shipping Sold to Neptune Pacific Line

Neptune Pacific Line buys Polynesian Shipping

The Board of Polynesian Shipping Line Limited, Apia informed   that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited. The sale is as a going concern and will continue to provide services in the Australian and New Zealand trades to Fiji, the Samoas and the Kingdom of Tonga as well as the interisland trade. In addition, the existing global freight services to the Samoas and Tonga will continue and be developed further. It is informed…

Water Levels Low on Lake St-Louis

Location Map

  Mariners are advised that due to low precipitation, and declining outflows, the water levels on Lake St-Louis are lower than normal. For this reason, the speed limit between buoys A30 and A40 is reduced as follows:  Vessels with a draft greater than 70 dm are limited to 11 knots upbound and 13 knots downbound. For vessels with a draft of 70 dm or less, the speed limit remains limited to 12 knots upbound and 14 knots downbound respectively. The authorities will continue to monitor the water levels and advise you of any other changes.  

Tilbrook Joins Woodside Board

Gene Tilbrook

4 December 2014. Mr Tilbrook joins Woodside as an independent director. Mr Tilbrook has broad experience in corporate strategy, investment and finance. Finance and Executive Director Business Development. the Bell Shakespeare Company. Australian Institute of Company Directors and a councillor of Curtin University.

New Speed Limit to Save Whales?

Federal officials are considering speed limits for large ships that could reduce collisions with whales, according to a report in the Baltimore Sun. The National Oceanic and Atmospheric Administration held a hearing on the proposals last Thursday in Baltimore. While conservationists applauded the limits, officials in the shipping industry say the limits could be bad for business. Under the proposals, ships longer than 65 ft. would be limited to 10- to -14 knots at the mouth of the Chesapeake Bay and outside several major Atlantic ports. A decision on the speed limit is expected by spring. (Source: Baltimore Sun)

Golden Ocean Adds New Vessels

 Golden Ocean Group Limited (GOGL) announced that it has entered a deal to acquire two Capesize bulk carriers from affiliates of Hemen Holding Limited at a purchase price of $43 million per vessel.   Hemen Holding is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family (Hemen), the company's largest shareholder.   GOGL has already taken delivery of one of the vessels, the 2016-built Sea Behike, to be renamed Golden Behike.   Golden Ocean has issued 2,000,000 shares to Hemen as part of the purchase price for the vessel. Following this transaction, the company's issued share capital is $7,106,884.85 divided into 142,137,697 issued shares, each with a nominal value of $0.05.  

Maersk Line, Limited Seeks to Streamline Operations

Maersk Line, Limited (MLL) asked the U.S. Maritime Administration to confirm its eligibility as a Maritime Security Program (MSP) contractor under existing law so the company can more effectively and efficiently operate additional vessels under MSP. This action would increase from 4 to 19 the number of vessels currently under contract to the Maritime Administration. Under its operating contracts with Maersk Line, Limited, U.S. Ship Management, Inc. (USSM) has agreed to transfer direct operation of the vessels in question to Maersk should MLL elect to become the MSP contractor. Those contracts were reviewed and approved by the Maritime Administration in 1999. Under the new arrangement, the vessels will continue to be owned by the same "Section 2" U.S.

No Booze Cruise Here: UK Checks Drunken Mariners

"Stay ship-shape aboard ship" was the U.K. government's message as it launched new alcohol limits for professional mariners. A crackdown on drunken sailors saw alcohol limits set in line with those for drivers in moves designed to make our seas and ports safer. The new limits mirror those on the road and put professional mariners over the limit if they have more than 80 milligrams of alcohol in 100 millilitres of blood. The testing regime is also the same as on the roads. This means that the police will be able to use the same equipment and follow the same procedures as they do on motorists. Shipping Minister David Jamieson said: "This important legislation will make it easier to secure prosecutions of offenders.

Transocean Prices Initial Public Offering

Photo courtesy of Transocean Partners

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced  the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. Transocean Partners Holdings Limited has also granted the underwriters of the offering a 30-day option to purchase up to an additional 2,625,000 common units.

Canada's TSB Reports on 'Bosun's Fatal Fall

Crane rendering: Image courtesy of Canada TSB

On 08 May 2013, at 1455 Eastern Daylight Time, the dry bulk carrrier 'Federal Yoshino' was at anchor in Baie‑Comeau, Quebec when the crew member fell to the deck in a crane-hoisted provisioning basket from a height of about 5m when the hoisting cable parted, informs the Transportation Safety Board of Canada (TSB) in a recently released investigation report. The bulker was at anchor awaiting the arrival of a grain cargo when the accident occurred, and the crew was employed in general ship maintenance.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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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