Fraud at OW Bunker's Subsidiary
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation. The extent of the fraud is not yet clear, but preliminary findings suggest a potential loss of around USD 125 million. Isolated from the above, a review of OW Bunker's risk management contracts has revealed a significant risk management loss in addition to the loss of USD 24.5 million announced on October 23, 2014 (Company Announcement 23/2014).
British Group Wins Contract For Management Of Mozambique Port
Mozambique has awarded a British consortium a management contract for its Maputo port, including a 15-year lease, according to the British High Commission. Officials said a consortium headed by the British Mersey Docks and Harbor Co. - which runs the port of Liverpool - had won the contract, which allows for the private management of the port. The agreement will reportedly lead to $50 million investment in revamping the port, though it wasn't immediately clear how this would be financed.
AID Awards Iraq Seaport Assessment and Management Contract
The U.S. Agency for International Development (AID) has awarded a contract for assessment and management activities at the Umm Qasr port in Iraq to Stevedoring Services of America (SSA). The contract is valued at $4.8 million. SSA will be responsible for the effective operation of the port, allowing food and other humanitarian and reconstruction materials and supplies to be delivered.
Fincantieri, New Bay Shipbuilding Company VP
Marinette Marine Corporation (MMC) a Fincantieri company, welcomes Gene Caldwell as the new Vice President and General Manager of Bay Shipbuilding Company, a member of the Fincantieri Marine Group. Caldwell’s resume includes shipbuilding experience in multiple facets of the Ship Building Industry including vessel and rig repair, new commercial and government vessel construction, project management, contract negotiation, sales & marketing, safety, QA/QC and financial reporting. Prior to joining FMG, he held a senior management position with Signal International, LLC.
Hill International Gets Casablanca Marina Construction Contract
Hill International (NYSE:HIL), the global leader in managing construction risk, announce that it has been awarded contracts to provide project management services for three projects in North Africa. A four-year contract has been awarded the company by Société New Marina Casablanca Groupe CDG to provide project controls services in connection with the construction of the $590 million New Casablanca Marina in Casablanca, Morocco, a project that includes high-end residential, hotel, leisure, commercial, retail and maritime facilities. Hill International, with 3,200 employees in 110 offices worldwide, provides program management, project management, construction management and construction claims and consulting services.
Maersk Sells Ven Drilling Barges
Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling said on its website its Venezuelan barge business represents a "minor part" of its activities. It comprises of a fleet of 10 barges on management contracts on Lake Maracaibo. Reporting by Sabina Zawadzki
Northrop Grumman Names Kastner VP
Corporation has named Christopher D. Kastner as vice president, contracts and risk management for the company's Ship Systems sector. acquisitions and divestitures. in Northrop Grumman's Integrated Systems Sector. University.
Port Everglades Names New Director of Administration
In his new position, Hill will oversee procurement, property management, contract administration, business permits, franchises, human resources, labor relations, risk management, contract administration, and various other facets of general administration for Port Everglades. He is replacing Pia Thompson, who retired recently after 35 years at Port Everglades. During the last six months, Hill served as the Acting Director of the Ports Business Development Division where he was…
OSM Maritime Awarded Three Ship Management Contracts
Laurel Ace is a new bulk carrier, built in 2013 at the I-S shipyard in Japan. The vessel was successfully taken over in Japan on the 3rd of July by Capt. Song (OSM Hong Kong), and will sail with Chinese crew. This ship has a length of 161 meters, a breadth of 27 meters, gross tonnage of 17,019 tons and a deadweight of 28,397 MT. Secondly, OSM Maritime Group has been awarded the ship management of the DP-2 Dive Support Vessel Adessa Ocean King, and the ship will be operated by the OSM office in Singapore. The vessel was built in 1989, has a length of 90 meters and the breadth is 20 meters.
Viking Wins SMA's Management Contract
Viking Supply Ships has been awarded a management contract to operate the SMA ice-breaker fleet for a period of seven years. The contract is a continuation of a current management which commenced in 2000. The contract is done at market terms. The contract with the Swedish Maritime Authorities is considered to be a strategically important contract for Viking Supply Ships, and further confirms the company’s position as one of the world’s leading operators of ice-breakers and offshore vessels designed for arctic and harsh environments.
Five More Tankers under Crowley Management
Crowley Accord Management Pvt. Ltd., the international ship management venture managed globally by Crowley Maritime Corp.’s ship management group, was awarded full technical management contracts for five new tankers. These tankers will be joined in the coming weeks by three more, bringing Crowley’s international ship management fleet to more than 70. The five products tankers brought under Crowley Accord management are the MT Dawn Haridwar, MT Dawn Mansarovar, MT Dawn Mathura, MT Dawn Madurai and MT Portland Pearl.
Ulstein Delivers PSV Blue Queen
Platform supply vessel (PSV) Blue Queen, of Ulstein’s PX121 design, was delivered to Blue Ship Invest from Ulstein Verft on February 24, 2015. This vessel is the first of two for which Norway-based Golden Energy offshore is awarded the ship management contract. In total, 30 vessels of this design have been contracted by different shipowners for construction at various shipyards worldwide, Ulstein noted. Blue Queen is the ninth being constructed at Ulstein Verft.
Ship Management Contracts for BSI Newbuilds
Norway-based Golden Energy Offshore has entered into management contracts for two platform supply vessels (PSVs) under construction at Ulstein Verft for Blue Ship Invest (BSI). The PX121 designed vessels are due for delivery in the first quarter of 2015. According to the designer, a total of 30 vessels of the ULSTEIN PX121 design have been ordered by various ship owners for construction at shipyards around the world. “Golden Energy Offshore is a fully integrated ship owning company located in Ålesund…
Crowley Awarded MSC Contract for ROCON Fleet
Crowley Maritime Corp.’s government services group has been awarded a $130 million technical management contract for five U.S. government-owned, Military Sealift Command (MSC) Roll-On/Roll-Off and container ships (ROCON). The contract will see Crowley provide full turnkey operation and management of the fleet, including crewing and scheduled/unscheduled repair and drydocking services initially for one year with four, additional one-year options. The turnover phase for the ships began on October 1. Of the five ships, two will remain berthed in Jacksonville and three will be homeported in Norfolk – all within the service area of Crowley’s local offices. This contract will have a positive economic impact through the creation of several new jobs in both Jacksonville and Norfolk.
V.Ships Wins Fortress Deal
V.Ships Offshore, part of V.Group has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for an advanced SURF/IMR vessel. The ship management services will be delivered from our newly acquired Bibby Ship Management office in Singapore led by Arvind Mohan. Nineteen specialised seafarers, with final complement subject to project requirements, are being deployed on board the 2014-built DP-3 vessel, Pride, which has been on charter in Malaysian waters.
Stena Vision to Experience Prolonged Period of Repair
Arlington Tankers Ltd. was notified by its vessel manager, Northern Marine Management Ltd. (Northern Marine), that one of its two VLCC tankers, the Stena Vision, built in 2001, will now commence a prolonged period of repair due to an engine maintenance program. The 314,000 metric tonne deadweight vessel was undergoing a scheduled dry-dock period when it was determined that the repair was necessary, and that the vessel will be out of service for several months. The Stena Vision is currently on a long-term time charter to Concordia Maritime AB (Concordia) of Sweden until November 2009. The daily basic charter rate for the Stena Vision for 2006 is $36,075.
Stena Vision Repair Prolonged
Arlington Tankers Ltd. Management Ltd. due to an engine maintenance program. for several months. charter to Concordia Maritime AB (Concordia) of Sweden until November 2009. The daily basic charter rate for the Stena Vision for 2006 is $36,075. contractual vessel management fees. contract for the vessel.
American V. Awarded Management Contract
American V. Ships, Mineola, N.Y., has been named the technical manager of three vessels to be chartered to the recently established Wallenius and Wilhemsen joint venture - Wallenius-Wilhemsen Line. American V. will continue to manage the 5,600-unit each Faust and Fidelio, which have been under the company's management since 1989. American V. signed a six-year contract with Automar International Car Carrier to be the technical manager of the U.S. flag vessels, Faust and Fidelio. The company will provide its full range of technical management services including operating, crewing, budget control, purchasing and quality assurance. The three vessels are chartered through September 2005 to American Roll-on Roll-off Carriers, a U.S. subsidiary of Wallenius-Wilhemsen Lines.
Marine Transport Lines RRF to Relocate S.C.
Charleston, S.C., effective July 1. is (843) 747-8045. for six U.S. Maritime Administration RRF vessels. Edmont at the former Charleston Naval Base. Jacksonville, Fla. Jacksonville, Fla., 32225. office is (904) 727-2200.
BSM to Manage Thenamaris LNG Newbuilds
Bernhard Schulte Shipmanagement (BSM) has announced that it has been awarded the ship management contracts for three TFDE 160,000 cu m capacity LNGCs belonging to Thenamaris LNG Inc. The vessels are due for delivery from Samsung Heavy Industries Co Ltd, Korea, in 2013, following which BSM will be responsible for the technical management, and supply of deck and engine personnel for the yet to be named fleet. “We are delighted to welcome Thenamaris LNG Inc. as a client” commented David Furnival, Chief Operating Officer of BSM, “Our mission is to assist responsible and demanding clients in achieving their business objectives through our professionalism, dedication, enthusiasm and responsiveness, and that’s exactly what we’ll provide to Thenamaris LNG Inc.”, Mr. Furnival continued.
American V. Ships Awarded Ship Management Contract
American V. Ships, a full-service international marine transportation management and operations organization has been named the technical manager of three vessels to be chartered to the recently established Wallenius and Wilhelmsen joint venture, Wallenius-Wilhemsen Line. American V. Ships will continue managing 5,600-unit Faust and 5,600-unit Fidelio, which have been under its management and under U.S. flag since 1989, as well as another vessel, Tanabata, newly entered into U.S. registry. American V. Ships is providing its full range of technical management services to include operating, crewing, budget control, purchasing and quality assurance. The three vessels are chartered through September 2005 to American Roll-On Roll-Off Carriers (ARC), a U.S.
Consortium Wins Fuel Terminal Contract in Peru
A consortium formed by units of local builder Grana y Montero and Germany's Oiltanking won a 20-year contract for managing five fuel terminals in Peru, Grana y Montero said on Wednesday. The consortium will invest about $225 million in the project, with $190 million returned in the form of discounted payments to state-run energy company Petroperu, Grana y Montero said via email. Each company controls a 50 percent stake in the local consortium, said Grana y Montero, Peru's biggest construction company. Petroperu, which owns the terminals and awarded the management contract, has said it is planning a $3.5 billion expansion of its main refinery, Talara, to boost output by 50 percent to 96,000 barrels per day. (Reporting By Marco Aquino; Editing by Dan Grebler)
Gibraltar Invokes MLC to Get Abandoned Seafarers Home
Gibraltar has used the provisions of the Maritime Labour Convention 2006 (MLC) – which lays down minimum standards for seafarers – to pay for the repatriation of crews left stranded after shipping contracts were cancelled. The 40 crew members on the Maersk Valletta, Maersk Vigo and Maersk Vancouver had been left stranded off Germany since July after the cancellation of ship management contracts with Morocco’s International Maritime Transport Corporation. Gibraltar, the flag state for the vessels, was fulfilling its duties under the MLC, which came into force on 20 August. IMTC has pledged to pay the outstanding salaries owed to the seafarers, who come from the Philippines, Russia and Ukraine.