Marine Link
Wednesday, December 13, 2017

Itg Group News

ITG Orders Two Ulstein PSVs

Ulstein PX121 PSV

The ROC yard, China, will construct two platform supply ships of Ulstein’s PX121 designs for the ITG Group. The contract includes an option for two additional vessels. According to Ulstein, the PX121 has become very popular among various ship-owners and investment companies, and ROC is a new yard entering the stage of constructing vessels carrying the X-BOW hull line design from Ulstein. This inverted bow leads to reduced speed loss in waves, and consequently less fuel oil consumption, and the absence of slamming is an attractive feature as the comfort for the crew is increased.

Nimitz Carrier Strike Group Returns to Washington

Photo: United States Navy

Washington-based ships assigned to Nimitz Carrier Strike Group (CSG) 11 returned Dec. 10, just in time for the upcoming holidays following a six-month deployment to the Indo-Asia-Pacific region and the Arabian Gulf. The aircraft carrier USS Nimitz (CVN 68), with embarked CSG-11, returned home to Naval Base Kitsap, and Arleigh Burke-class guided-missile destroyers USS Shoup (DDG 86) and USS Kidd (DDG 100) returned to Naval Station Everett. The strike group consists of Nimitz-class aircraft carrier USS Nimitz (CVN 68)…

Kongsberg Digital Acquires a Share of NSG Digital

KDI - NSG Digital (Photo: Kongsberg)

Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E. Kongsberg Digital is purchasing a 34 percent ownership share in NSG Digital, a subsidiary of the supply base and logistics company NorSea Group. NorSea Group, controlled by Wilhelmsen, is joining forces with Kongsberg Digital to digitalize the supply chain in the oil and gas and offshore wind industries. Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E.

Costa Group's New Gen Ships Will Call Marseille

During the ceremony of the opening of the new Dock 10 at Port de Marseille Fos, the Group signed the Protocol of ESI Implementation on Costa Group fleet. Photo: Port of Marseille

Costa Group – part of Carnival Corporation & plc, the world’s largest cruise company – announced that its new generation ships, the first LNG powered at sea, will call Marseille in 2019. The Costa Group, the leading tourism group, the No. 1 cruiser in Europe has renovated its commitment to Port of Marseille through different initiatives that began in 1996 when the new cruise called “La Dolce Vita” started its weekly operations from Marseille to offer the French guests every Saturday a brand new and unique experience in the best places of the Mediterranean onboard its ship Costa Romantica.

Seadrill Receiving Rival Bids for Debt Restructuring

(Photo: Seadrill)

Drilling rig firm Seadrill confirmed on Wednesday it had received two rival bids for its debt restructuring from unsecured bondholders. The company, which filed for Chapter 11 restructuring in a U.S. court on Sept. 12, has sought alternative proposals for the plan put forward by its main owner, Norwegian-born billionaire John Fredriksen and a group of hedge funds. "We have received two alternative bids from unsecured bondholders ... We are evaluating these bids and are in active dialogue with the bidders," the company said in an emailed statement.

Seadrill Bondholders Propose Alternative Debt Restructuring

(Photo: Seadrill)

An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday. Norwegian-born billionaire John Fredriksen and a group of hedge funds proposed on Sept. 12 to invest $1.06 billion via new equity and secured debt to restructure indebted Seadrill, once the largest drilling rig operator by market value. "Total investments (in the alternative plan) are on par with the official restructuring proposal, but it's not a copy paste.

MOL Presidential Awards 2017 Announced

(Left) MOL President & CEO Junichiro Ikeda addresses the ceremony. (Right) Award recipients. Photo: MOL

Mitsui O.S.K. Lines (MOL) has announced that the company held the 2017 commendation ceremony for the "MOL Presidential Awards for Officers and Engineers 2017" on December 8. The awards are intended to recognize the ongoing safety-related contributions of MOL Group officers and engineers and recognize their key role, in cooperation with fellow seafarers and ship management companies, in ensuring the safe operation of vessels. The recipients share a commitment to the education and training of younger seafarers…

Christophe de Margerie Named Engineering Project of the Year

Photo: PAO Sovcomflot

Christophe de Margerie, the icebreaking LNG carrier built to order for SCF Group (Sovcomflot) to serve the Yamal LNG project, has won the award for Engineering Project of the Year at the 2017 S&P Global Platts Global Energy Awards. The winners were announced at an award ceremony held in New York on 7 December 2017. At the award ceremony, SCF Group was represented by Executive Board members Nikolay Kolesnikov, Executive Vice President and CFO of Sovcomflot, and Sergey Popravko…

Noble Group Sells Four Vessels to Cut Debt

Photo: Noble Group

Hong Kong-based struggling commodity trader Noble Group will sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running, reports Reuters. According to company statement, net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million. Noble said the sale of the vessels was expected to close next year between March 10 and May 31 and would not significantly impact the operations of the freight business.

WFW Advises Italian Shipowners on Partnership with Gigilinis

Image: Gigilinis Shipping Group

International law firm Watson Farley & Williams (WFW) advised three leading Italian shipowners -Rimorchiatori Mediterranei, Gesmar and Fratelli Neri – on their partnership agreement with Thessaloniki-based Greek maritime operator Gigilinis Shipping Group. The deal closed on 29 November. The deal represents a strategic milestone in Italian ship owners’ expansion into the Greek and broader Eastern Mediterranean markets, most notably into the key port of Thessaloniki. Rimorchiatori Mediterranei is the leading player in the harbour towage sector in Italy…

MOL to Use IBM SPSS Modeler for Safety Analysis

Image: MOL Group

Mitsui O.S.K. Lines and its wholly-owned consolidated subsidiary MOL Information Systems, (MOLIS) to start multi-dimensional analysis of the causes for incidents and problems on its operated vessels, using IBM's statistical analysis software, "IBM SPSS Modeler". IBM SPSS Modeler is an advanced data analysis software that provides prospective analysis from mass volume of data and supports better decision making to solve business issues. The MOL Group has conventionally aggregated incidents and problems data reported by its operated vessels to "visualize" safe operation.

Kyriacou to Lead De Nora's BWMS Unit

Dr. Stelios Kyriacou (Photo: De Nora)

Electrochlorination equipment supplier De Nora announced that Dr. Stelios Kyriacou has been appointed as General Manager of its BALPURE Ballast Water Management System (BWMS) business unit. Dr. Kyriacou joins De Nora Water Technologies from Wärtsilä, where he managed the research, development, design and certification of the full Wärtsilä BWMS range. He previously undertook the same role at Hamworthy from 2009 until its acquisition by Wärtsilä and held roles at Hatlapa Marine Equipment. Dr.

Marlink Acquires Radio Holland's Connectivity Business

Erik Ceuppens (left) and Paul Smulders (right) sign the partnership agreement (Photo: Marlink)

Marlink and Radio Holland have concluded a partnership agreement whereby Marlink has acquired Radio Holland’s connectivity business. According to the partners, the deal strengthens Marlink’s position in maritime VSAT, while Radio Holland will be the preferred global sales and service partner offering Marlink’s satcom connectivity portfolio in combination with its maritime electronics solutions. Furthermore, Radio Holland and the Marlink Group, including Telemar, will intensify their existing cooperation in NavCom sales and servicing.

World’s Largest Crane Vessel under Development

Developers OOS International and China Merchants Industry Holdings tout OOS Zeelandia as the world’s largest semi-submersible crane vessel (Image: OOS International)

Holding OOS International Group B.V. said it is working with China Merchants Industry Holdings (CMIH) to design and build what will be the world’s largest semi-submersible crane vessel (SSCV), OOS Zeelandia. OOS unveiled the OOS Zeelandia during the EU-China Blue Industry Cooperation Forum in Shenzhen on December 8, but revealed the basic design has been in progress since a memorandum of understanding (MoU) was signed with the China Merchants Group subsidiary CMIH in July. According to OOS International…

Combating Illicit Maritime Activity

Photo: International Maritime Organization (IMO)

Prevention of piracy, armed robbery against ships and illicit maritime activity in west and central Africa is on the agenda at a meeting of the G7 Group of Friends of the Gulf of Guinea in Lagos, Nigeria (11-12 December). The meeting is reviewing progress made in implementing the Yaoundé Code of Conduct, which was signed by governments in the region, in 2013, to enhance cooperation to counter piracy and armed robbery at sea and other illicit maritime activity. The meeting also…

CMA CGM Completes Mercosul Line Acquisition

(File photo: Mercosul Line)

CMA CGM Group’ acquisition of Mercosul Line from rival container shipping firm Maersk Line has been completed following Brazilian regulatory approval and the closing of Maersk's Hamburg Süd acquisition. Mercosul Line is a leading player in Brazil’s domestic container shipping market, calling more than a dozen South American ports with a fleet of four 2,500 TEU containerships. The deal, announced in June, will ensure Brazil’s cabotage sector remains competitive, as Maersk Line will stay active in the sector through the newly acquired Hamburg Süd subsidiary, Aliança.

CMA CGM Merges Multimodal Subsidiaries

Photo: CMA CGM, Photo credits: Port of Los Angeles

The CMA CGM Group announced it will merge its subsidiaries MacAndrews and OPDR effective January 1, 2018.,  in line with the Group’s strategy to develop its intra-regional activities Headquarters will be located in Hamburg. The union between these two companies specialized in intra-European transport enables the CMA CGM Group to strengthen its multimodal offer in Europe, particularly thanks to the complementarity of the geographical zones covered today by MacAndrews and OPDR, iCMA CGM said.

CMA CGM Appoints Rodolphe Saade as Chairman

Jacques Saadé and Rodolphe Saadé. Photo: CMA CGM

Jacques Saadé, founder of the shipping company CMA CGM Group, now the world's third largest container company, has resigned as president. His son Rodolphe Saadé becomes CEO of a group. "In accordance with the wish of Jacques Saadé and after having reunited the positions of CEO and Chairman of the Board, the Board of Directors has decided to appoint Rodolphe Saadé to the position of Chairman of the Board and Chief Executive Officer of the CMA CGM Group, and Jacques Saadé Founder-Chairman," said a statement from the company.

Marlink Buys Majority Stake in OmniAccess

© Don / Adobe Stock

Apax Partners backed Marlink said it has signed a definite agreement to acquire a majority stake in fellow maritime VSAT services firm OmniAccess. The transaction remains subject to customary regulatory approval and closing is expected in the first half of 2018. OmniAccess’ existing management team will remain unchanged and continue to keep a significant shareholding in the company. OmniAccess will remain a stand-alone company, functioning as the competence center for broadband connectivity solutions for the high-end superyacht and boutique cruise-line customers.

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.

Total to supply LNG for CMA CGM's Future Boxships

File Image: A typical CMA CGM boxship underway. CREDIT: (c) C. Plisson

Total to supply 300,000 T of LNG a year for 10 years. Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large vessels, the French companies said on Monday. CMA CGM had said last month it would use LNG to power the nine extra-large vessels it has on order, a first such move in a shipping industry grappling with how to comply with tougher rules on emissions. Under the 10-year agreement, oil and gas major Total will supply around 300,000 tonnes of LNG per year to CMA CGM, starting in 2020, the companies said in a statement.

North Carolina Orders a New Ferry

The North Carolina Department of Transportation has ordered a new car ferry for delivery in 2019, its first since 2012 (Image: Elliott Bay Design Group)

The North Carolina Department of Transportation Ferry Division has ordered a new river class vehicle ferry to be built at Bollinger Shipyards of Lockport, La. for delivery by March 1, 2019. Designed by Elliott Bay Design Group, the 183-foot ferry with room for 38 regular-sized vehicles will replace M/V Thomas A. Baum, a 22-year-old Hatteras-class ferry that carries 26 vehicles. The vessel will be the NCDOT Ferry Division’s first new car ferry since the M/V Sea Level christened in 2012 (also designed by Elliott Bay Design Group).

CMA CGM Premium Service to Optimize Emissions

Photo: CMA CGM

Providing eco-services is a key strategic axis of CMA CGM Environmental Policy. Since 2010, CMA CGM has developed different eco-services such as an Eco-Calculator or personalized carbon reports : “My Carbon Footprint”. With My Carbon Footprint, CMA CGM provides a unique and premium service to customers allowing to monitor CO2 emissions and improve green supply chain, based upon case studies including a door-to-door multimodal dimension. In September 2017, an additional step has been taken with the voluntary audit of our carbon reports by an independent third party (KPMG).

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

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