Marine Transportation News

11 Feb 2019

Ruhl Named CEO of Algoma

Gregg Ruhl, President and Chief Executive Officer. Photo: Algoma Central Corporation

Ken Bloch Sørensen has stepped down as president and  CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.

31 Jan 2019

LGP-Fuelled ME-LGIP to Power Chinese VLGC

Rendering of the MAN B&W ME-LGIP engine, showing here a 6S50ME-LGIP type  (Photo: MAN Energy Solutions)

Further shipowners turning to LGP in advance of 2020 emissions deadlineJiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. Vessel delivery is scheduled for the second half of 2021 and includes an option for a second vessel.Bjarne Foldager – Senior Vice President, Head of Two-Stroke Business at MAN Energy Solutions – said: “With 2020 and the new IMO emissions fast approaching…

31 Jan 2019

Kirby Announces 2018 Q4/FY18 Results, Deal to Buy Cenac's Marine Fleet

Kirby Corporation announced a net loss attributable to Kirby for the fourth quarter ended December 31, 2018 of ($24.4) million, or ($0.41) per share, compared with earnings of $231.3 million, or $3.87 per share, for the 2017 fourth quarter. Excluding certain one-time charges, 2018 fourth quarter net earnings attributable to Kirby were $44.9 million, or $0.75 per share. Consolidated revenues for the 2018 fourth quarter were $721.5 million compared with $708.1 million reported for the 2017 fourth quarter.For the 2018 full year…

30 Jan 2019

INSIGHTS: Admiral Karl Schultz, Commandant, U.S. Coast Guard

Admiral Karl L. Schultz, the 26th Commandant of the United States Coast Guard.

Admiral Karl L. Schultz assumed the duties as the 26th Commandant of the United States Coast Guard on June 1, 2018. He previously served from August 2016 to May 2018 as Commander, Atlantic Area where he was the operational commander for all Coast Guard missions spanning five Coast Guard Districts and 40 states. Previous operational assignments include Sector Commander in Miami, Florida, as well as command tours aboard Cutters VENTUROUS, ACACIA and FARALLON. His senior staff assignments include Chief of the Office of Congressional and Governmental Affairs; Congressional Liaison to the U.S.

22 Jan 2019

Tampa Bay’s Cross Bay Ferry a winner for HMS Ferries

The seasonal ferry underway (CREDIT: Cross Bay Ferry)

The Ferry’s second season this year presents permanent possibilities.The Cross Bay Ferry from Tampa’s Florida Aquarium dock to the dock at the North Yacht Basin in St. Petersburg, Florida is off to a rollicking start, with 3,000 more passengers in it’s debut month of November 2018 than its strongest month during the 2016/2017 test period, and with continued support from Tampa Bay area leadership.“We are very encouraged by the numbers we are seeing so far,” St. Petersburg Mayor Rick Kriseman said.

21 Jan 2019

Asahi MOL Tankers Established

Pic: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands, will also launch MR product tankers that will be assigned to the pool.MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline…

21 Jan 2019

Yang Ming Launches New China-Malaysia Direct Service

Pic: Yang Ming Marine Transport Corp

Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) has announced the launch of CMS service (China-Malaysia service) with effect on February 23rd, 2019 (estimated time of berth from Qingdao).The service is jointly operated by Yang Ming, Gold Star Line Ltd.(GSL), T.S. Lines Co., Ltd (TSL) and CNC, a brand of APL Co. Pte Ltd. Each carrier will deploy a container vessel of nominal 4,250 TEU capacity, said a statement from the marine transportation company.The ports of call are Qingdao…

19 Jan 2019

Algoma Central: Refund Given for Cancelled Ship Contract

Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.Algoma entered into five shipbuilding contracts with 3Maj Shipyard, an operating unit of Uljanik d.d of Croatia. According to a press release from Algoma, after considerable delay, the first of the five vessels was delivered in 2018; however, Algoma cancelled the remaining four contracts as the shipyard’s financial difficulties led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls.

09 Jan 2019

Seaway Tolls, Wharfage Charges both to Increase by 1.0% in 2019

The St. Lawrence Seaway Management Corporation (SLSMC) announced a toll rate increase of 1.0% for the 2019 navigation season.Tariffs:The new revised tariff will be posted and available on the Seaway website today.Wharfage Charges:The St. Lawrence Seaway Wharfage and Storage Charges have been revised for the 2019 navigation season. Effective with the commencement of the 2019 navigation season, Wharfage Charges will increase 1%.The revised Tariff will be available today on the Web…

08 Jan 2019

d’Amico Tankers Signs Sale and Leaseback Deals for New Tanker

Pic: d'Amico International Shipping

The marine transportation company operating in the product tanker market d’Amico International Shipping (DIS) has secured a first in the Japanese market, signing an operating lease transaction for one of its LR1 newbuildings.d’Amico Tankers D.A.C. (Ireland), the subsidiary of DIS, has signed a memorandum of agreement and bareboat charter contract for its newbuilding LR1 vessel, said a release.Under the deal, the company agreed a sale and leaseback of the 75,000 dwt MT Cielo di Houston…

22 Dec 2018

Poseidon Med II Conducts Workshop

The European co-funded Poseidon Med II programme (PMII), organised a workshop at the Technological Educational Institute of Crete (TEI) in the context of its dissemination activities.The subject of the workshop, which took place on December 17th, 2018 was to present the appropriate framework for the adoption of Liquefied Natural Gas (LNG) as a marine fuel in the Eastern Mediterranean.The event was opened by the Rector,  N. Katsarakis, followed by a welcome note by the President and Managing Director of the port of Heraklion,  A. Philippis. The event was attended by Professors and students of the Technological Educational Institute of Crete…

22 Dec 2018

MOL Study on Automatic Prevention of Collisions

Japenese marine transportation company Mitsui O.S.K. Lines (MOL) announced that MOL, MOL Techno-Trade, the National Maritime Research Institute (NMRI), and Tokyo University of Marine Science and Technology (TUMSAT) jointly conducted an assessment and feasibility study on advanced navigation support systems, using the NMRI-owned ship handling risk simulator, which has a horizontal view angle of 240°C.On watch-keeping during ship operations, mariners must first be able to see an object, and then judge whether that object poses a risk to the vessel. If that is the case, the vessel must take some action to avoid the risk, such as veering…

20 Dec 2018

Ships: Deciphering the Autonomous Vessel Debate

Rolls-Royce and the European Space Agency (ESA) have signed a ground-breaking cooperation agreement aimed at pursuing space activities in support of autonomous, remote controlled shipping and promoting innovation in European digital logistics.
Image: Courtesy Rolls-Royce Marine.

By Captain Andrew Kinsey, Senior Marine Risk Consultant, Allianz Global Corporate & SpecialtyConfusion reigns in the ongoing debate on autonomous and remotely operated vessels. Before constructive dialogs can take place, the parameters of the discussion need to be agreed upon. Bottom line: in order to understand each other, we need to be speaking the same language.There are two recent publications that I strongly advise all maritime professionals review, as they offer valuable guidance and insight into this rapidly developing segment of the Marine Transportation Industry.

13 Dec 2018

Scorpio Bulkers Gets Work for SBI Hera

Pic: Scorpio Bulkers

Scorpio Bulkers Inc, shipping company, owns and operates dry bulk carriers,  announced that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers.According to a press release from the provider of marine transportation of dry bulk commodities, the charter is for a period of between four and six months at a rate of $14,850 per day.Recently, it has entered into a time charter-out agreement with an unaffiliated third party for SBI Libra…

04 Dec 2018

Arlen "Benny" Cenac Jr.: Navigating a Different Course Line, Making a Difference

Arlen “Benny” Cenac Jr.

Cenac Marine Services and its dynamic, third generation leader, Arlen “Benny” Cenac Jr., continue to flourish, in good times and bad. Through it all, leadership, philanthropy and investments that extend far beyond the company’s gates have made all the difference.As this year quickly churns to its inevitable close, Cenac Marine Services isn’t the nation’s biggest towboat operation, but its profound impact on the people and environment of the U.S. Gulf Coast and beyond is unquestionable.

03 Dec 2018

Scorpio Tankers Orders Scrubbers for 52 Vessels

Pic: Scorpio Tankers

Monaco-based dry bulk shipping company Scorpio Bulkers has announced that it will purchase exhaust gas cleanings systems for 42 of its vessels in 2019 and for 10 of its vessels in 2020."As part of our previously announced program to install exhaust gas cleaning systems (EGCS) across our fleet, we have entered into an agreement with third parties to purchase exhaust gas cleanings systems for 42 of its vessels in 2019 and for 10 of its vessels in 2020," said a press release from…

30 Nov 2018

DIS Annouces Sale and Leaseback of a MR Tanker

Pic: d’Amico International Shipping S.A

International marine transportation company operating in the product tanker market d’Amico International Shipping S.A. (DIS) said that  its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Trader.The 49,990 dwt medium-range (MR) product tanker vessel is built in 2015 by Hyundai-Mipo, South Korea was sold for a consideration of US$ 27.0 million.This transaction allows d’Amico Tankers to generate at the Vessel’s delivery around US$ 8.6 million in cash…

26 Nov 2018

Scorpio Bulkers Updates on New TC

Pic: Scorpio Bulkers

Scorpio Bulkers announced  that it has entered into a time charter-out agreement one of its Ultramax drybulk carriers for a period of between five and seven months.The  provider of marine transportation of dry bulk commodities said that the 64,000-dwt SBI Libra (built 2017) will earn $15,250 per day. However, it did not name the charterer.Scorpio Bulkers announced last month that it has entered time charter-out agreements for seven of its Ultramax vessels and four of its Kamsarmax vessels.

21 Nov 2018

Alaska Marine Lines Expands to Arctic Ports

Alaska Marine. Image: Lynden Transport

Alaska marine transportation company Alaska Marine Lines said that it is expanding its service from Seattle and Anchorage to the Arctic Region in 2019.Bowhead Transport will provide the destination services at the North Slope villages of Point Hope, Point Lay, Wainwright, Utqiagvik (Barrow), and Kaktovik. Alaska Marine Lines will also service Deadhorse with its two annual sealifts.Bowhead, thru its teaming agreement with Alaska Marine Lines, will continue to participate in the…

12 Nov 2018

Algoma Central Buys Product Tanker

Image: Algoma Central Corporation

Canadian dry-bulk shipper Algoma Central Corporation announced the purchase of a 2008 built product tanker which will become the seventh tanker within the Algoma Tankers Limited fleet.A press release from the provider of marine transportation services said that the purchase demonstrates Algoma’s commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes – St. Lawrence Seaway and East Coast.“We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as customer demand continues to strengthen in this segment…

04 Nov 2018

The Forward-Facing Coast Guard

The US Coast Guard has published its Maritime Commerce Strategic Outlook. This forward-facing document should be read by everyone in the Coast Guard and by those associated with the US maritime sector. It is intended to guide the Service’s efforts in securing the strategically critical maritime transportation system (MTS) and the marine environment. To accomplish this, the Coast Guard must be Semper Paratus – Always Ready, as it has been for most of its 228 years. The Coast Guard must also be relevant – ready and able to accomplish the tasks important to the MTS and marine environment.

02 Nov 2018

Marad Taps Buono as USMMA Superintendent

Jack Buona, Superintendent of the U.S. Merchant Marine Academy

Maritime Administrator Mark Buzby has announced Jack Buono as the new superintendent for the U.S. Merchant Marine Academy.Buono will take command at the Academy on November 9, having most recently served as President and CEO of ExxonMobil’s shipping subsidiary, SeaRiver Maritime, Inc.“As a Kings Point graduate who spent his entire career in maritime leadership roles, Mr. Buono will help educate and inspire the next generation of maritime cadets,” said Maritime Administrator Mark H. Buzby.Following his graduation from the U.S. Merchant Marine Academy, Buono worked his way up from a U.S.

01 Nov 2018

Sovcomflot's Lomonosov Prospect Transists Northern Sea Route on LNG

Lomonosov Prospect. Photo: PAO Sovcomflot (SCF Group)

PAO Sovcomflot (SCF Group)'s large-capacity  LNG-fueled Aframax tanker Lomonosov Prospect has successfully completed its first commercial voyage along the Northern Sea Route (NSR) to deliver a cargo of petroleum products from the Republic of Korea to Northern Europe.The high-latitude voyage from Cape Dezhnev at Chukotka to Cape Zhelaniya of the Novaya Zemlya archipelago took the Arc4 vessel 7.8 days to complete, during which the tanker covered a distance of 2194 nautical miles.During the voyage…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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