Maritime Transportation News

30 Oct 2019

Grindrod Announces Finance Arrangement

Image: Grindrod Shipping Holdings

Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases."Further to the previously-announced financing arrangements in respect of IVS Knot and IVS Kinglet, we expect to enter into a similar financing arrangement with a Japanese shipowner in respect of the 2011-built handy-size dry-bulk carrier, IVS Magpie…

28 Oct 2019

Diversity, Tech on Tap at WISTA Conference

Despina Theodosiou (Photo: WISTA International)

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

24 Oct 2019

Maritime Risk Symposium, Nov. 12-15 at SUNY Maritime

© Oleksii Fadieiev/Adobe Stock

The State University of New York Maritime College, in collaboration with the U.S. Coast Guard, National Academy of Sciences, academic institutions, industry partners, and federal, state and local agencies, will host the 10th Annual Maritime Risk Symposium (MRS 2019) Nov. 13-15, 2019, at New York Maritime College located in the Bronx, New York.MRS 2019 will bring together academics, government and commercial entities to discuss the threats, challenges and risks associated with the Marine Transportation System with a focus on current and future marine transportation challenges and threats.

18 Oct 2019

Total’s First LNG Bunker Vessel Launched

Photo: Total

Total said its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.The LNG bunker…

17 Oct 2019

GTT LNG Carrier Orders at Record Highs

Pic: Gaztransport & Technigaz

Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said its business activity was marked by a number of successes during the first nine months of 2019, particularly in the field of LNG carriers.In addition to the 26 orders for LNG carriers booked during the first half of the year, there were an additional 14 bookings in the third quarter of 2019, i.e. a total of 40 LNG carrier orders during the first nine months of 2019.GTT's core business activity is…

17 Oct 2019

U.S. Congressman Elijah Cummings Passes Away at 68

Congressman Elijah E. Cummings (CREDIT: Congress.gov)

At approximately 6:20 AM this morning, the Office of Congressman Elijah E. Cummings Released the Following Statement:At approximately 2:30 A.M. on Thursday October 17, 2019, Congressman Elijah E. Cummings (MD-07) passed away at Gilchrist Hospice Care, a Johns Hopkins affiliate, due to complications concerning longstanding health challenges. More details will be forthcoming.The energetic Cummings was best known in maritime circles for his time spent as chair of the Subcommittee on Coast Guard and Maritime Transportation where…

11 Oct 2019

Flawed CRS Dredging and Jones Act Report Under Fire

Dredging operations underway in U.S. inland rivers (Source: Port NOLA)

Congressional Leaders Rebuke Fatally Flawed Congressional Research Service Reports on Dredging and U.S.-flag Shipping.The Chairman and Ranking Members of the U.S. House of Representatives Transportation and Infrastructure Committee (T&I) and the Chair and Ranking Members of T&I’s Subcommittee on Coast Guard and Maritime Transportation sent a letter to the Library of Congress refuting a recent Congressional Research Service (CRS) report on the American dredging industry as “filled with misleading…

08 Oct 2019

Marlink ITLink for J. Lauritzen Gas Carriers

Credit: Lauritzen Kosan

Danish shipping company J. Lauritzen has selected Marlink to deploy fully integrated and managed IT services on all Lauritzen Kosan managed gas carriers. The solution will be based on Marlink’s ITLink portfolio, with the KeepUp@Sea platform enabling automation of software and security updates, network and PC health monitoring and remote access for fast issue resolution. Once implemented, Lauritzen Kosan will benefit from a fully standardized ICT setup across its fleet, and have…

30 Sep 2019

Mitsubishi Wins Order for Two Ferries

Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the Tategami Main Plant of MHI's Nagasaki Shipyard & Machinery Works, scheduled for completion and delivery in 2021.The two ferries on order will be 222.5m long, 25m wide, 20.4m deep, with draft of 7.4m and gross tonnage of approximately 15,400. Each vessel features capacity of 268 passengers, 154 trucks (12m length) and 30 passenger cars approximately. Both ships are equipped with atrium entrance of three stories high together with see-through elevator…

27 Sep 2019

USCG Commissions FRC in Honolulu

U.S. Coast Guard photo by Petty Officer 3rd Class Matthew West/released

The U.S. Coast Guard commissioned the newest Hawaii-based 154-foot Fast Response Cutter in Honolulu, Thursday.“There is no greater reflection of the commandant’s strategic vision and commitment than the fact that as we commission the William Hart today, it will be the fifth Coast Guard cutter commissioned in the last two years here at Base Honolulu that will operate in the heart of Oceania,” said Rear Adm. Kevin Lunday, commander Coast Guard 14th District. “There is no question that by our actions and not our words alone…

18 Sep 2019

Qatar, Shell Partner on LNG Bunkering

Photo: Qatar Petroleum

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell signed a shareholder agreement to establish a joint venture for global LNG bunkering services.The agreement signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.The new company’s principal business activities will include the procurement of LNG…

30 Aug 2019

UPM to Charter 7 LNG-fueled Newbuilds

Image: UPM Global

Helsinki-headquartered UPM Logistics says that it has entered into a long-term charter agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends, both affiliates of the Dutch Spliethoff Group.Together, the companies will design and build seven state-of-the-art vessels for sustainable sea transportation for UPM in Europe.“This arrangement is a consistent step in UPM’s logistics strategy. It will safeguard a sustainable, competitive and reliable shipping solution for our businesses and customers on long term…

28 Aug 2019

Grindrod Shipping Updates on Fleet

Pic: Grindrod Shipping Holdings

Grindrod Shipping Holdings, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced that it took delivery of the IVS Phoenix, a Japanese-built eco ultramax drybulk carrier newbuilding in June 2019. The vessel has been chartered-in from its owner for a minimum period of three years with options to extend for up to two additional years, at Grindrod Shipping’s election, it said.The Singapore-based company said that it sold the 2005…

12 Aug 2019

Mitigating Maritime Risk

© Oleksii Fadieiev/Adobe Stock

“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…

08 Aug 2019

Grindrod Takes Delivery of Ultramax

Image: Grindrod Shipping Holdings

Grindrod Shipping Holdings announced that it took delivery of the IVS Okudogo, the first of the two owned ultramax “eco” newbuildings that the Company agreed to acquire in May 2018.In conjunction with the delivery, the global provider of maritime transportation services in the drybulk and product tanker sectors, also announced the completion of a drawdown of a portion of the previously announced $31.4 million indicative newbuild financing with IYO Bank for the vessel.The $15.7 million facility relating to the IVS Okudogo has a seven-year term…

07 Aug 2019

NWSA Terminal 46 Request for Proposals

Image: Northwest Seaport Alliance

The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Tacoma and Seattle, is now accepting proposals for Terminal 46, a 50-acre deep-water marine terminal.The port authority based in the Puget Sound region of the United States said that the successful proposal will align with and support our goal of growing cargo volumes and creating family-wage jobs in the Puget Sound region, while diversifying the gateway’s overall cargo portfolio.Strategically located on the Seattle waterfront with convenient access to major road and rail infrastructure…

11 Jul 2019

SCF Celebrates the Day of Russian Sea

Photo: SCF Press Service

Russian maritime shipping company specializing in petroleum and LNG shipping, PAO Sovcomflot (SCF Group) held a traditional meeting of the company’s management with masters of Sovcomflot vessels on the eve of Russia’s Day of Marine and River Fleet Workers, celebrated on the first Sunday of July.The state-owned corporation said in a press note that in the lead-up to this day, Russian Ministry of Transport has awarded 43 masters and 48 chief engineers of Sovcomflot vessels its Badge for Accident-Free Work in Maritime Transportation.During the meeting, Sergey Frank, President & CEO of Sovcomflot,

09 Jul 2019

Admiral Schultz Emphasizes Maritime as a Driver of U.S. Commerce

Flying into New Orleans with Admiral Karl Schultz, Commandant, USCG, provides a ‘birds eye view’ on the robust and diverse business in and around the lower Mississippi River.  Photo: Greg Trauthwein

Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River. As the U.S. inland waterway system has endured historic water levels for more than six months, the destination provided a perfect backdrop to discuss several key messages coming from USCG leadership: the maritime industry’s critical role in facilitating U.S.

09 Jul 2019

LDA Ventures into Wind-Powered Shipping

Image: Louis Dreyfus Armateurs Group

French family-owned maritime transportation group Louis Dreyfus Armateurs (LDA) is venturing into wind-powered shipping as the group sees the benefits of operational savings and a need for decarbonisation.LDA Group has become the latest member of the International Windship Association (IWSA) to help further the development of these primary renewable solutions.LDA President, Edouard Louis-Dreyfus, stated: "we are very excited by the development of wind solutions as a key answer…

03 Jul 2019

CMA CGM to Support Notilo Plus Rollout

The CMA CGM Group will support the financial and industrial development of Notilo Plus, a Marseilles-based start-up specialized in autonomous underwater solutions, in order to help them launch their industrialization.Notilo Plus develops autonomous underwater dronesFounded in 2016 and based in Marseilles and Lyon, Notilo Plus develops autonomous underwater systems featuring artificial intelligence and data enhancement capabilities. It develops “made in France” autonomous solutions targeting the fields of maritime transportation, leisure and infrastructure.Last December, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, presented the Jacques Saadé Award to Notilo Plus on the occasion of the Trophées de l’Economie 2018.

01 Jul 2019

OSK Designs RoPax Ferry for Onorato

Danish OSK-ShipTech designs Moby’s new and luxurious RoPax ferries. Here, Moby’s Achille Onorato at the signing ceremony in Beijing 27 June 2019. Photo: OSK-ShipTech

The provider of passenger and freight maritime transportation Onorato Armatori has signed a contract with Guangzhou Shipyard International (GSI) for the order of two plus two RoPax ferries, designed by Danish naval architects, OSK-ShipTech.The contract was just signed at a ceremony in Beijing. Onorato Armatori is behind the RoPax ferries to be built at Chinese shipyard Guangzhou Shipyard International. The first ferry is scheduled for delivery in 2022.It is the long-standing cooperation between both OSK, yard and owners, which results in this project.

27 Jun 2019

Grindrod Updates on IVS Bulk Fleet

Pic: Grindrod Shipping

Singapore-based Grindrod Shipping Holdings, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced a number of transactions for the purpose of modernizing its fleet and increasing its financial flexibility and liquidity.The shipping services company said in a press note that it took delivery of the IVS Phoenix, a Japanese-built eco ultramax drybulk carrier newbuilding on June 3, 2019. As previously disclosed, the vessel has been…

17 Jun 2019

Neptune Installs Scrubbers in Two Vessels

Image: Neptune Lines

The shipping transportation solutions provider Neptune Lines is making an important investment in scrubbers with 10 units installed until Q1 2020.Denmark-based ME Production (MEP), a player in marine technologies solutions for marine equipment and energy markets, was selected to supply the units while the first two installations were successfully completed in Odessos shipyard in Varna and commissioned shortly after.By fitting these MEP systems, the ships will be compliant with the International Maritime Organization’s SOx regulations…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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