Central Gulf Lines Seeks Transfer Authorization
Central Gulf Lines, Inc., has requested the necessary permissions to transfer one authorization granted under Section 615 of the Merchant Marine Act, 1936, as amended, to a wholly owned subsidiary. Central Gulf’s subsidiary intends to acquire a ship construction contract to be entered into between Liberty Shipping Group Limited Partnership and Oshima Shipbuilding Co., Ltd., for the construction of one 52,200 DWT multipurpose bulk ship. The subsidiary will construct the vessel at Oshima Shipyard in Nagasaki, Japan, pursuant to the Section 615 authorization. Upon issuance of the builder’s certificate by Oshima Shipyard the Central Gulf subsidiary will issue a bill of sale for the vessel to Liberty Shipping.
Capital Ship Management, Liberty One Form JV
Capital Ship Management Corp. and Liberty One have announced the establishment of a joint venture under the name Capital Liberty Invest, taking aim at the German shipping market. The new entity will combine the forces, excellent track record and reputation of Capital and Liberty with the aim to provide commercial and technical ship operating platforms across different shipping segments and sizes in the German shipping market. The Joint Venture will seek growth opportunities in the container segment…
MOL Allies with NCC
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a capital and business alliance agreement with chemical tank specialist logistics provider Nippon Concept Corporation (NCC). "MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses," said a statement from the company. The agreement gives NCC the opportunity to globally increase…
Schulte's PRONAV Acquisition Greenlighted
The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the family-owned ship owner and manager continues to increase its capabilities and capacity in the growing liquefied natural gas (LNG) market. Through the acquisition of PRONAV, the Schulte Group has increased the number of vessels under full management in its third-party management fleet by six additional LNG carriers (LNGC). At present, the Schulte Group provides full management for three LNGC and crew management for 21 LNGC. Five LNGCs with a capacity of 173…
Tug Malta’s New Tug Named
St. On Friday, February 9, Tug Malta’s Damen ASD 2913 was named St. Angelo at a ceremony attended by the Prime Minister of Malta, Joseph Muscat, and the island nation’s Minister of Transport, Ian Borg. Acting as sponsor of the vessel was Mrs. Michelle Muscat, the wife of the Prime Minister. Tug Malta is part of the Rimorchiatori Riuniti Group. The ceremony was also attended by Tug Malta Chairman John E. Sullivan and CEO Mario Mizzi, Rimorchiatori Riuniti Group Chiefs Giovanni Delle Piane and Gregorio Gavarone and Damen Sales Manager Antonio Marte.
Sberbank, Sovcomflot Sign $106m Finance Deal
The largest bank in Russia Sberbank and shipping company Sovcomflot have signed a new USD 106 million project financing agreement, with a term of up to 14 years. The funds will finance the construction of a high ice class Arctic shuttle tanker (Arc7) for the Novy Port project, under a long-term agreement with Gazprom Neft. This is the third major transaction of its kind between Sberbank and Sovcomflot. The first joint project between the companies was in 2015, to finance the construction of three Arctic shuttle tankers to transport crude oil from the Novy Port field.
Zeaborn Takes Over E.R. Schiffahrt
Hamburg entrepreneur Erck Rickmers has sold his ship management and ship brokerage activities. Effective January 1, 2018, Bremen-based Zeaborn Group acquired all shares in E.R. Schiffahrt GmbH & Cie. KG and shipbroker Harper Petersen & Co. With the takeover, Zeaborn’s shipping fleet under commercial and technical management has been expanded by 61 container vessels and 20 bulk carriers to more than 165 vessels. All staff, approximately 200 employees ashore and 2,800 at sea, will transfer to the Zeaborn Group. Nils Aden, currently chief executive officer of E.R.
New Project Aims to Drive Investment in Fuel Efficient Technologies
The U.K.’s Energy Technologies Institute (ETI) has commissioned a £1.8 million ($2.5 million) project that aims to assist financiers to understand and quantify the benefits in investing in fuel efficient technologies for existing and future vessels. The Vessel Technology Assessment System (VTAS) project, which will develop a practical approach to predict the benefit of a range of carbon abatement/fuel efficiency technologies on marine vessels over real-world usage cycles, will be led by BMT and delivered in partnership with Black & Veatch.
Western Bulk Eyes Strong Performance in 2018
Norway's dry bulk shipping company Western Bulk made a profit in 2017, due especially to a strong finish to the year. This means that the carrier is again profitable after a double-digit deficit in 2016. The Group expects continued strong performance in 2018. After neutral performance for the first half of the year, the Company gained substantial momentum in the second half with the Group posting a profit after tax of USD 6.4 million. The full year profit after tax ended at USD 4.3 million, a significant improvement from the realised loss of USD -20.1 million in 2016.
Elektrans, CST & Marine Service to establish Chemtrans
Elektrans Group has joined hands with German tank operator Chemikalien Seetransport (CST) and the consultancy and engineering company Marine Service GmbH to establish a joint venture -- Chemtrans India Pvt Ltd. "Elektran Group and a company affiliated to the reputed German tanker operator Chemikalien Seetransport GmbH (CST) and the consultancy and engineering company Marine Service GmbH are pleased to announce that they have concluded a joint venture agreement to set up 'Chemtrans India Private Limited," Elektrans group said in a statement.
Maersk Sells LNG Fleet
The sale of all shares in Maersk LNG to Malt LNG Holdings ApS, a company jointly owned by Teekay LNG Operating LLC and Marubeni Corporation has been finalised. Under the terms of Maersk LNG's two partnerships with Société Generale and Qatar Shipping Company, each owning an LNG vessel, the sale of Maersk LNG triggered pre-emption rights to Maersk LNG's partnership shares. These pre-emption rights have been exercised by these two limited partners acquiring Maersk LNG's 26 percent…
Austal USA Announces New CEO
Austal has appointed Greg Metcalf to the position of CEO. Prior to relocating to Mobile with his family, Metcalf worked for Austal Limited in Henderson, Western Australia for 5 years as Austal Group Financial controller and then Vice President of Business Development. Current activity at the Mobile yard includes a 143 –ft. high speed passenger catamaran being built for the Circle Line Statue of Liberty Ferry Company in New York City. Circle Line transports thousands of passengers each day to the Statue of Liberty and Ellis Island. The new catamaran is designed to meet Circle Line’s requirements for a vessel capable of fulfilling a number of different roles and will be delivered to New York in July.
Maersk Line, Rickmers-Linie (America), Form U.S. Flag Project Cargo Partnership
Maersk Line, Limited and Rickmers-Linie (America), Inc. announced a partnership to provide breakbulk and project cargo shipping using two newly-built multi-purpose ships to be operated under the U.S. flag. The partnership brings together the complementary capabilities of the two companies to offer customers a new option for moving large and heavy cargoes worldwide. Customers seeking heavy-lift multipurpose vessels under the U.S. flag will benefit from this partnership. The new 19…
MV Liberty Passion Joins US MSP Fleet
U.S. Department of Transportation Secretary Elaine L. Chao welcomed the newest vessel to the Maritime Security Program (MSP) in the port of Beaumont, Texas. Renamed the M/V Liberty Passion, it is the third ship owned by Liberty Global Logistics to join the MSP fleet. “Today we are celebrating a public-private partnership that is strengthening America’s Merchant Marine, as well as America’s Armed Forces,” said Secretary Chao. “U.S.-flagged vessels are a critical component in our domestic commerce, moving $467 billion worth of goods between ports in the U.S.
Teekay LNG Acquires Interests in Four LNG Newbuildings
Teekay LNG Partners L.P. announced that it has acquired from BG Group ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings, which will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China. The vessels, which are scheduled to deliver between September 2017 and January 2019, will each operate under 20-year time-charter contracts, plus extension options, with Methane Services Limited, a wholly-owned subsidiary of BG.
DNV GL Lends Support to Walney 3 Offshore Wind Project
DNV GL has secured a role as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension. Located off the coast of North West England at Barrow-in-Furness, the Walney Extension offshore wind farm will bring a mix of wind turbine types, featuring 40 MHI Vestas V164 and 47 Siemens SWT-7.0-154 turbines. DNV GL conducted a detailed technical due diligence study and full independent energy production assessment, allowing the group of lenders to develop an understanding of the technical characteristics and risk profile.
NASSCO Lays Keel for Jones Act Tanker Liberty
U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a construction contract with SEA-Vista LLC, a partnership between SEACOR Holdings, Inc. and Avista Capital Partners. Construction on the Liberty began at NASSCO’s San Diego shipyard in October 2015. Once completed, the vessel will be a 610-foot, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity, operated by Seabulk Tankers, Inc.
Mundra Port, Port of Montreal Sign Cooperative Agreement
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ).
GAC USA Expansion continues
GAC USA expansion continues with ground breaking of new Houston warehouse; Construction to start on LEED registered building in Central Green Business Park. GAC, a provider of integrated services to the shipping, logistics and marine industry, has announced the official start of construction of its new office and warehouse building in Houston's Central Green Business Park. GAC will consolidate its existing warehouses with the new LEED (Leader in Energy and Environment Design) registered 181,067 square-foot cross dock building which includes four acres of outside storage space.
Germany, Norway Join HST Strike Group
Two coalition naval vessels arrived at Norfolk naval base Jan. 26 and 28, to conduct training and operations as part of the Harry S. Truman Carrier Strike Group (HST CSG). The Royal Norwegian Navy frigate HNoMS Roald Amundsen (F 311) and the Sachsen-class German frigate Hessen (F 221) arrived to participate in the strike group's upcoming Composite Training Unit Exercise (COMPTUEX). "Any time we can operate with another one of our allies anywhere in the world, we gain from it and they gain from it," Rear Adm. Gene Black, commander of HST CSG.
Encik Rezza Resigns as ED of Bumi Armada Berhad
Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad. Encik Rezza will officially relinquish his roles at the Group on the 28 of February 2018. He has requested an early release from the Group to pursue other interests outside the Group. Rezza joined Bumi Armada in September 2005 and prior to his current role as Head of the OMS business, he was the CFO.
Maersk Analysts Strike Cautious Tone
Analysts believe results and outlook in the final quarter report of Maersk (Feb. 9) might be weighed down by consolidation effects from the Hamburg Sud deal and the market situation in China. Morgan Stanley says integration expenses related to the deal would limit profitability contribution in 2018 and that Maersk Line will return to peak EBIT margins in 2020. Jyske Bank, which keeps rating "sell" for the company, sees a potential threat to Maersk Line Q4 volumes and EBITDA from significant cuts in China's import of waste materials.
AfrikDelta Marine Ltd, To Offer Marine and Offshore Services
For 10 years, the Jagal Group has been in partnership with Lamnalco Limited in Nigeria. This partnership was designed to meet the industry's need to provide a world class service and deliver on the local content and cabotage requirements. A new company has been established. AfrikDelta Marine Ltd (ADML). AfrikDelta Marine Limited (ADML) is a wholly owned indigenous company and is backed by Jagal Group's 40 years of experience in fabrication, manufacturing, production and logistics supporting Nigeria's offshore oil and gas production.