Nordic American Offshore Shelves Horizon Maritime Combination
The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: "The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time."It added that a Nordic company (Nordic Canadian Shipping…
Hong Kong Kicks-off Maritime Week 2018
The "Hong Kong Maritime Week 2018" (HKMW 2018), a major annual event of the maritime and port industries in Hong Kong, unveiled on Saturday (November 18) with the "Hong Kong orienteering race.According to a government press release, the third edition of Hong Kong's Maritime Week oragnised by the Hong Kong Maritime and Port Board (HKMPB) with co-organisers, the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, runs from 18 to 24 November and features over 50 events comprising both industry and outreach.Officiating at the opening ceremony of the HKMW 2018…
Nakilat Profit Jumps by 8.5%
Qatar Gas Transport Company (Nakilat) has reported about 8.5% year-on-year increase in net profit to QR659mn (USD 181 million) during January-September this year."Nakilat’s stronger performance is a result of the company’s successful expansion, which is attributed to its strategic long-term plan to diversify and seek business opportunities with minimal risk, as well as through effective cost optimisation initiatives across its integrated operations," said a press release from…
UK Shipping Tech to be Worth USD 16.5 bln by 2030
UK shipping technology sector will grow to become a GBP 12.8 billion (USD 16.5 bln ) market by 2030 from the current level of GBP 3.7 billion, revealed a study.A new report commissioned by UK venture fund and think-tank PUBLIC estimated the growth will be fuelled largely by digitalisation of the industry, with technologies such as big data, blockchain, and artificial intelligence creating a new market for digitally enabled maritime services.For the purposes of this report, shipping…
APSATCOM to launch IntelsatOne Flex in China
Intelsat announced that APT Mobile Satcom (APSATCOM) will become the first maritime solution partner to offer, in China, IntelsatOne Flex for Maritime services.This agreement will deliver a seamless global maritime network for APSATCOM’s customers, providing unparalleled throughput, improved economics, and easier access to broadband services.Under the new, multi-year agreement, Intelsat will provide IntelsatOne Flex for Maritime services, interconnection, and backhaul to APSATCOM’s data centers.
Intelsat, APSATCOM Launch IntelsatOne Flex Maritime in Asia
Intelsat S.A. announced that APT Mobile Satcom Ltd. (APSATCOM) will become the first maritime solution partner to offer, in China, IntelsatOne Flex for Maritime services. This agreement will deliver a seamless global maritime network for APSATCOM’s customers, providing unparalleled throughput, improved economics, and easier access to broadband services, the company said.Under the new, multi-year agreement, Intelsat will provide IntelsatOne Flex for Maritime services, interconnection, and backhaul to APSATCOM’s data centers. The award-winning IntelsatOne Flex for Maritime platform is a seamlessly integrated managed service that offers…
Boskalis Board Member Heijermans Buys Company Shares
Dutch dredging and maritime services provider Royal Boskalis Westminster N.V. announced that Bart Heijermans, member of the Board of Management as per September 1, 2018, has acquired 10,000 Boskalis shares.The shares were purchased Wednesday by Heijermans with his own funds through a bank.
Stena Blue Sky Delivers First LNG Cargo in China
The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan, Ninbo region on 8th August 2018.Chinese companies build their own LNG terminals and import the fuel directly because they aim to meet higher demand and reduce their dependence on supplies of LNG from state-owned companies. The…
Wilhelmsen Group Income for 2Q up by 5%
The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second. Maritime services deliver stable revenue, while supply services record improved income following a seasonal upswing and property sales gains in NorSea Group…
Analysis: Government Proposal 'Ill-informed' on Maritime Matters
On June 22, 2018, the Office of Management and Budget (OMB) issued a federal government reorganization proposal entitled “Delivering Government Solutions in the 21st Century”. The 132-page document is subtitled ‘Reform Plan and Reorganization Recommendations’. I have not read the entire report, but I have examined those portions that relate to maritime issues. I find those portions to be uniformly ill-advised.Associate Justice Oliver Wendell Holmes, Jr. once wrote: “A page of history is worth a volume of logic.” The authors of this proposal should brush up on their history.
Wilhelmsen Drops Acquisition of Drew Marine
A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer.
European Shipowners Welcomes EPA
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies.“At a time that unilateralism and protectionism are rising, the EU and Japan are sending a strong message in support of free, fair and rules-based trade”, said European Community Shipowners' Associations (ECSA)' Secretary General…
Boskalis Bags New Contracts
Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America.
Chartwell Marine Launches Hybrid Patrol Boat
An exciting new player in the global naval architecture space has been formed, with the official launch of Chartwell Marine Ltd. (Chartwell Marine), a UK-based firm that sets out to be a pioneer in next-generation vessel design. Headed up by Andy Page, a reputed naval architect with an industry-leading track record designing award-winning high-speed vessels, Chartwell Marine supports ambitious boat builders and vessel operators around the world with independent design and consultancy services.
ABB’s Digital Technology to Improve Floatel Safety
ABB has won a contract to supply its ABB Ability Marine Advisory System – OCTOPUS marine software for one of the world’s most advanced floating hotel vessels for offshore operation.The 600-person accommodation vessel Edda Fides, operated by Edda Accommodation, will now be able to integrate real-time weather forecasts with ABB Ability Marine Advisory System – OCTOPUS, a digital solution that helps vessel owners gather and analyze data to optimize operations.OCTOPUS will provide…
Cargo Ship Loses 83 Containers off Australia
A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and whales.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney when it encountered 5-metre swells in the Tasman Sea, about 30 km off Australia's east coast late on Thursday."They're 40-foot containers, they sit about a foot or two off the water ...
Kouroumplis: Greece Continues to Pace the Global Shipping Sector
As the maritime market steers toward Athens, Greece and Posidonia 2018, Maritime Reporter & Engineering News interviews Panagiotis Kouroumplis, the Greek Minister of Maritime Affairs and Insular Policy. As the Minister of Shipping for the country with the largest merchant fleet and a millennia-old maritime tradition, Kouroumplis carries his responsibilities with pride and humility.Born in Aetoloakarnania in 1951, Kouroumplis holds a Law degree and a PhD in Sociology from the University of Athens.
Angelicoussis Shipping to Retrofit BWTS on 36 Ships
U.S.-based ballast water treatment system (BWTS) manufacturer Ecochlor, Inc. said it has been awarded a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected to take place between 2018 and 2020 in Singapore, Dubai, Qatar and China.Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL.
V.Group Appoints Junshan Zou as Managing Director for China
The global provider of maritime services V.Group has appointed Junshan Zou to build, lead and drive V.Group’s activities in China, including business development, ship management and marine services. Speaking about this appointment, Alastair Evitt, Group Managing Director for V.Group’s Ship Management East division said: “We have made a long-term commitment to growing our business in China and I am delighted that Junshan Zou is joining us at what is an exciting time for the Group.
European Shipowners Welcome EU Trade Agreements with Japan, Singapore
The European Commission presented trade agreements with Japan and Singapore to the Council to eventually be adopted. The European shipowners are very pleased that the first step towards the conclusion of these agreements has been taken. “With Japan and Singapore agreements Europe sends a strong message to the world in support of fair and regulated trade”, said European Community Shipowners’ Associations (ECSA) Secretary General Martin Dorsman. The agreement with Japan is the biggest bilateral trade partnership ever negotiated by the European Union.
International Cruise and Yachting Festival Planned for November
Hong Kong’s first-ever cruise and yachting event, International Cruise and Yachting Festival (Hong Kong) 2018, is scheduled to be held from November 22 to 25 at the Kai Tak Cruise Terminal, Kai Tak Runway Park and Kwun Tong Typhoon Shelter. The four-day event, organized by the Hong Kong Cruise and Yacht Industry Association, will bring together global cruise and yacht brands and boats with Maritime Education and Employment, Marine and Leisure Tourism and Maritime Industry Developments as the major focuses.
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. The Ocean Alliance Day Two Product has a carrying capacity of around 3.1 million TEUs (Twenty-foot Equivalent Unit) with 331 containerships deployed on 41 services. CMA CGM will continue to play a major role within the alliance, deploying a fleet of 121 ships.
SAAM to Invest $85 Mln in Fleet and Infrastructure
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. "In 2018, we expect to invest close to $85 million, which will be used to maintain our port equipment and infrastructure and reinforce our tug fleet. This could also include inorganic growth opportunities that we are constantly evaluating,” commented SAAM’s chairman, Óscar Hasbún. After concluding a high investment cycle last year, the company’s investments this year will focus on ports and its tug fleet.