Eco-Business Launches The EB Circle
Eco-Business, Asia Pacific’s leading media organisation dedicated to reporting on sustainable development, has unveiled a new membership programme for its growing community. The EB Circle is a new dedicated network in which readers who sign up for just S$60 a year will gain priority invites to its events, access to an inner circle of professionals committed to sustainability on the Slack platform, media training opportunities and more. Since Eco-Business was founded in 2009, it has been committed to providing a platform for the region to discuss sustainability issues…
Russia Ramps Up Its Military Presence In The Arctic
A new era of dominance in a polar region opening up. The size and scale of Russia's military activities in the Arctic are producing negative perceptions and growing suspicion in the West. UPI reports that Russia, long seen as an aggressive and unpredictable bear in international politics, has stepped up its military activities in the region – including large-scale exercises, an extensive modernization program and the reconstruction of infrastructure. Observers, mainstream media in particular…
IMO Head Defends Ship Size, Regs
According to the head of the International Maritime Organization (IMO), the world’s largest ships are well regulated and safe, Bloomberg news agency reported following an interview. According to the Bloomberg report, regulators haven’t let vessels, especially cruise ships, get so large that they present a hazard, according to Koji Sekimizu, secretary-general of the IMO. The 290-m Costa Concordia was carrying 4,200 passengers and crew on a Mediterranean cruise when it struck rocks on Jan. 13 near .
Crisis Communications Network for Shipping
Navigate Response launched at London’s Baltic Exchange. The company’s round-the-clock services are tailored specifically for the global shipping industry and focus on managing clients’ messages across a range of communications channels including mainstream and social media. The new company is chaired by internationally renowned maritime expert, Richard Sayer, and led by Mark Clark, former head of public relations and media at the UK Maritime and Coastguard Agency. The team includes leading maritime PR experts Mike Elsom and Bill Lines of sister company Navigate PR Ltd. Founded in 2004, Navigate PR provides comprehensive public relations services to a wealth of maritime businesses across a range of disciplines.
All-women Crew Tarini Departs From Lyttelton
The Indian Naval Sailing Vessel (INSV) Tarini left Lyttelton on 12 December 2017 for its onward journey to Port Stanley (Falklands). INSV Tarini had arrived at Lyttelton on 29 November 2017 after completion of second leg of its maiden voyage to circumnavigate the globe. This historic circumnavigation attempt by an all-women crew is being led by Lieutenant Commander Vartika Joshi, and the crew comprises Lieutenant Commanders Pratibha Jamwal, P Swathi, and Lieutenants S Vijaya Devi, B Aishwarya and Payal Gupta.
Buy Secondhand Ships Now?
To be trite, every cloud has a silver lining, and the stormy shipping market crisis' shining beacon appears to be strong investment opportunities in secondhand ships. In its latest report, "Secondhand Ships: Investment Potential and Value for Money," Drewry's argues that "adversity provides opportunity... therefore, acquisitions made now could prove to be bargains." Drewry believes that 1999 and 2000 should be interesting and active years for the secondhand ship market. Drewry's analysis of market potential through to 2003 in the mainstream markets concludes that the highest investment returns could come from Panamax and Handymax bulk…
Shell Launches New Trunk Piston Engine Oils
Shell Marine has unveiled its next generation Shell Argina and Shell Gadinia trunk piston oils for the medium-speed engine market. As owners face pressures to shift toward cleaner fuels that address emissions regulations, Shell said demand for distillates and low-sulphur heavy fuel oil will only increase as shipping approaches a global fuel sulphur content cap of 0.5 percent, imposed by IMO from 2020. Already, dual-fuel engines are taking an increasing share of the medium speed market.
Webinar to Examine 3D Laser Scanning in the Marine Industry
3D laser scanning has taken much interest in the maritime industry as it continues to find greater acceptance in the sector. In an up-close look at 3D laser scanning, FARO’s webinar, Applying 3D Laser Scanning to the Marine Industry, will discuss its challenges, the developments which helping to mainstream this technology in the marine industry, and practical examples from real world applications. Slated for Tuesday, April 29, 2014, 1-2 p.m. Eastern, the free webinar offers an opportunity to hear from industry experts on emerging trends in 3D laser scanning without ever leaving the office.
Box Ship Breaks from Mooring in Boston
The U.S. Coast Guard said it is investigating how a containership broke free from its mooring in Boston on Wednesday morning. The Coast Guard, along with Massport Fire Department, Boston Police Department, Massachusetts State Police and port tugs responded to 1,065-foot vessel, Helsinki Bridge, that broke free at the Paul W. Conley Container Terminal at around 12:45 a.m. Wednesday morning. Terminal workers aboard the ship at the time were able to safely disembark, and no injuries or pollution have been reported, the Coast Guard said. The incident caused some damage to the pier, local media reported. A docking pilot boarded the vessel and worked with the ship's crew to escort the Helsinki Bridge to Broad Sound where it remains anchored.
Webinar: 3D Laser Scanning in the Marine Industry
Maritime industry professionals have increasingly taken notice of 3D laser scanning in recent years as acceptance for the technology and its applications mounts throughout the sector. FARO, a developer of computer-aided measurement and imaging devices and software for 3D measurement, imaging and realization, will take an up-close look at 3D laser scanning with a webinar entitled Improving the Boat Building Industry with 3D Laser Scanning, on Tuesday, September 23, 2014, 1 p.m. EST.
Viking Strengthens Partnership with Lobby Marine Veteran
Viking Offshore & Marine Limited has announced it would participate in the ownership of a second cantilever drilling jack-up rig, further strengthening its partnership with Singapore rig veteran, Chan Kwan Bian as it accelerates its entry into mainstream offshore rig chartering. SGX Catalist-listed Viking said its wholly-owned Viking Asset Management Pte. Ltd. (VAM) will invest US$5.4 million to take a 30%-stake in Quick Booms Investments Limited (“QBI”), a special purpose vehicle controlled by Chan which has a contract with a yard to build the CJ46-X100-D GustoMSC designed for use in water depth up to 375 feet and can accommodate 120 men during operation.
Shipbuilding Industry Makes a Soft Landing
The landing has been cushioned by a shift in orders from mainstream-type merchant ships towards specialised offshore segment support vessels. According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago. Today the transition from recent years' record high shipyard output to a more sustainable level of output appears to soft-land with global shipyard output clearly slowing down. This BIMCO analysis compares data from December 2011 with data from March 2013, representing a remarkable turn for the shipyard industry. An integrated part of this soft landing is the evidence of the shifting focus on shipping segments away from the mainstream merchant vessels like dry bulk…
Trelleborg Solutions for FLNG Ship-to-Shore System
Trelleborg has hailed the recent test of the Universal Transfer System (UTS) conducted with Connect LNG and Gas Natural Fenosa, as tangible evidence of the new applications that its suite of products for jettyless LNG transfer can unlock in this challenging field. The UTS transferred LNG from the Skangas-chartered LNG carrier Coral Energy to the onshore terminal at the Norwegian port of Herøya on October 7 and is now in full commercial operation. A ‘plug and play’ solution, the UTS requires no modifications to the LNG carrier – instead…
S&P Revises Hapag-Lloyd’s Rating Outlook to Stable
Corporate Credit Rating agency Standard & Poor's has affirmed at B+. The rating agency acknowledges debt prepayments and cost synergies and expects adequate liquidity in 2018. Rating agency Standard & Poor’s affirmed Hapag-Lloyd’s B+ rating and revised the outlook from negative to stable. Hapag-Lloyd’s debt prepayments and cost synergies after the integration of UASC combined with improved shipping rates and stable near-term industry prospects will support rating-commensurate financial measures and liquidity through 2018, Standard & Poor’s mentioned in the Research Update.
Hyundai Heavy, LR Eye LNG-fueled Future
Hyundai Heavy Industry (HHI) Group, with the support of Lloyd's Register (LR), is responding to the increasing interest in the development of the global supply of liquefied natural gas (LNG), following the introduction of the International Maritime Organization’s (IMO) NOx and SOx emission limitations, by being at the forefront of developing innovative ship designs. This month Hyundai Mipo Dockyard (HMD), part of the HHI Group, will deliver of the world’s largest LNG-fuelled ship, a 50,000 dwt bulk carrier with a high manganese LNG fuel tank.
Can Domestic Shipping Become Our Industry’s Farmer’s Market?
Arriving at the Farmer’s Market this morning I made the decision to grill some hand cut rib eye with fresh vegetables and potatoes later that evening. I searched several of the local farm kiosks to find the mix I wanted and then reached into my pocket to pay for my choices. The price for all this local fare is not competitive with Cosco or Walmart, but I know the vegetables are organically grown without chemicals and the local beef is grass fed. The price point may not be right but the effort supports local business and the farmers who work hard to provide us sustainable products and quality.
MarineCFO Announces Enterprise Version 3.0
MarineCFO Inc. announced the release of Enterprise Version 3.0. which provides a configurable software solution that can grow and change with the business. MarineCFO Enterprise v3.0 is based on the MarineCFO Business Framework, the toolset used to develop and enhance all of the MarineCFO products. This allows for controlled development and consistency across the interfaces and coding methodologies. With a strong Microsoft relationship, all products are built with mainstream Microsoft technologies. This includes the .NET framework, SQL Server, the Windows Communication Foundation, and Microsoft Office for productivity, analysis, and heavy data entry tasks.
d’Amico Sells Medium-Range Tanker
d’Amico International Shipping (DIS) announces that its operating subsidiary d’Amico Tankers signed a memorandum of agreement for the sale of MT High Presence, a 48,700 dwt medium-range product tanker vessel, built in 2005 by Imabari Shipbuilding (Japan) for a consideration of US$ 14.14 million. This transaction will generate at delivery of the Vessel a positive cash effect, net of the reimbursement of the Vessel’s existing bank loan, of around US$ 7.2 million for d’Amico Tankers, contributing to the liquidity required to complete DIS’ fleet renewal program.
Trelleborg Offers Recourses to Help Customers Select Fenders
Trelleborg released a whitepaper, webinar, short film and specification tool that highlight and explain the importance of understanding rubber compound composition when selecting marine fender systems. The resources discuss the properties of superior rubber compounds and the use of rubber compound composition to optimize fender performance. They also detail a new test method available to help specifies determine the formulation of the fenders they procure. Richard Hepworth, President of Trelleborg Marine Systems…
DONG Becomes Lead Developer of UK's Offshore Wind Hornsea Zone
Denmark's DONG Energy has become the lead developer of Britain's Hornsea Zone offshore wind scheme after it bought the project rights to the second and third phases of the development Mainstream Renewable Power and Siemens Financial Services. The Hornsea Zone, off the coast of northeast England, is being developed in phases to ultimately provide 4 gigawatts (GW) of renewable wind energy and has the potential to meet 40 percent of Britain's electricity demand. DONG acquired the first phase of the development, known as Hornsea Project One, earlier this year, which will have a capacity of 1.2 GW.
Major Offshore Scotland Wind Farm Project Awaits Go-ahead
Formal application for a project with 125 wind turbines off the coast of Angus, Scotland has been progressed. Formal application for approval of a £1.4billion project featuring up to 125 wind turbines has been put forward by Mainstream Renewable Power to the authority Marine Scotland. The Neart na Gaoithe (NnG) windfarm at a site almost 10 miles off Fife Ness. The company has been granted exclusive rights by the Scottish Government to develop plans for the site, which was chosen for its water depth, ground conditions, low shipping density and optimal windspeed. The company said the facility would be ready by 2016 and could generate 450MW of electricity…
MarineCFO Nominated, Tech Co. of the Year
MarineCFO has been nominated for the Louisiana Governor’s Technology Company of the Year Award. The Governor’s Technology Award honors organizations for their innovation and progress in the past year. MarineCFO has been nominated for the Technology Company of the Year Award, which recognizes those companies that demonstrate corporate leadership through the innovation of its technology products or services, sustained growth of its corporate assets and its dedication to community involvement. With a strong Microsoft relationship, all MarineCFO products are built with mainstream Microsoft technologies. This includes the .NET framework, SQL Server, the Windows Communication Foundation, and Microsoft Office for productivity, analysis, and heavy data entry tasks.
Screw Compressors for Dual-fuel LNG Carrier
Kobe Steel, Ltd. said it has received an order to supply the first two screw compressors for use with marine dual fuel engines. The compressors will be installed in an LNG carrier to be owned by a 50/50 joint venture between Mitsui O.S.K. Lines Co., Ltd. (or MOL) and Itochu Corporation for Uniper Global Commodities SE, a subsidiary of Uniper SE, Europe’s one of largest power and gas companies. Uniper Global Commodities will charter the new carrier for 20 years. Plans call for Kobe Steel to deliver the compressors in August 2017 to South Korea’s Daewoo Shipbuilding & Marine Engineering Co.…