Damen Reports First Loss in 15 Years
Netherlands-based shipbuilding giant Dutch Damen Shipyards Group reported a net loss of EUR 17 million (USD 19.1 million) in 2018 - the first time in fifteen years.Damen reports that its financial situation stems from a sustained period of difficulty in a number of maritime sectors and investments it has made in its future.Notably, despite rising oil prices, the offshore hydrocarbon sectors continue to present tough trading conditions. The harbour towage sector, a key market for Damen…
ZF: New CBM Tech for Thruster Systems
At the 15th Maritime Industry Exhibition in early May in Gorinchem, the Netherlands, ZF Marine Krimpen will debut its Condition Monitoring System. ZF's system is designed to help shipyards, shipping companies and fleet operators maintain the safety and efficiency of their ships. It is equipped with various sensors and an intelligent electronic evaluation unit. The system measures vibrations which indicate the condition of the bearings and gears in the thruster's upper and lower gearbox.
Digital Container Shipping Association Formed
Four container shipping giants - AP Moller-Maersk, Hapag-Lloyd, MSC and ONE - have jointly established Digital Container Shipping Association (DCSA) in The Netherlands to drive standardisation, digitalisation and interoperability in the industry.Industry veterans form leadership team, with Thomas Bagge appointed as CEO, said a press release from Hapag-Lloyd.After gaining regulatory approval from the Federal Maritime Commission (FMC) last month, four container shipping companies officially established the Digital Container Shipping Association (DCSA) on April 12…
BP, Nouryon, Rotterdam Port Join for CO2 Cut
British multinational oil and gas company BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have joined forces to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam, the Netherlands, which has the potential for significant reductions in CO2 emissions.The refinery currently uses hydrogen made from hydrocarbons, to desulphurize products. Replacing this entirely with green hydrogen produced from water using renewable energy could potentially result in a reduction of 350…
U.S. LNG Shipments Fall to Six-Month Nadir
U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows.Based on exports through April 10, the United States is on track to sell roughly 91.5 billion cubic feet per day (bcfd) of natural gas as LNG, which would be the lowest since October. That compares with an estimated record 139.8 bcfd shipped in March…
HHLA Strengthens Intermodal Network
Metrans AS, a subsidiary of terminal operator Hamburger Hafen und Logistik AG (HHLA), has ordered ten Vectron MS locomotives from Siemens Mobility Czech Republic.The locomotives will be built at Siemens Mobility’s factory in Munich-Allach, and deliveries are scheduled from the end of 2019 until spring 2020. The locomotives will be operated in cross-border freight service in Central and Eastern European countries."It is our pleasure to expand the Metrans vehicle fleet by ten multisystem Vectron locomotives from Siemens Mobility.
Maersk Mulls Trade Financing Growth in India
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0.7 billion globally till date since its inception in 2015, with over 150 million in India in the year 2018, a 53% Y-o-Y increase as compared to 2017.Vipul Sardana, Global Head of Maersk Trade Finance said “Indian SME sector continues to play a significant role in India's economic development.
Shell Marine Launches New Lubricant
Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO) ahead of the IMO sulphur cap 2020.With a Base Number of 40, Shell Alexia 40 has been developed to optimise equipment performance and condition as ship owners and charterers prepare for the International Maritime Organization’s (IMO’s) 0.50% global sulphur limit for marine fuels in 2020.Shell Marine expects most of…
BIMCO: US Seaborne Crude Oil Exports Hit Record High
US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January.A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than the 44.4 million tonnes exported in 2017. This is good news for the crude oil tanker sector…
Van Oord Completes Deutsche Bucht Offshore Installation
Dutch maritime contracting company Van Oord has completed the installation of the offshore substation at the 269 MW Northland Power’s Deutsche Bucht offshore wind farm in Germany`s Exclusive Economic Zone.The supersize substation with a 2,700-tonnes topside is the centrepiece of the wind farm. It houses all electrical equipment needed to transform the power from the 33 turbines to a higher voltage for further transmission, said a press release from the company specializes in dredging…
CEMEX Dredge Pump e-Motor Passes Test
The Marine Aggregate Dredger CEMEX Go Innovation, currently under construction for CEMEX Marine UK, is fitted out with a submersed dredge pump. This dredge pump is directly driven by an electric motor – and not an arbitrary one.As a first, the dredge pump drive is a permanent magnet 1,400 kW unit, that last week it underwent a large array of tests – passing them all effortlessly.The hopper dredger is designed for mining marine aggregates at -55 m below sea level. The submersed Damen dredge pump is directly driven by a continuous electric motor – that is…
PSA Group Appoints Peter Voser as Chairman
PSA International, one of the world's largest port operators, announced that Peter Voser, currently Deputy Chairman, is taking on the role of Group Chairman of the PSA Board.Fock Siew Wah stepped down as Group Chairman on 1 April 2019, and will assume the role of Special Advisor to PSA until his retirement on 31 July 2019.As one of PSA’s longest serving Chairmen, Fock has steered PSA with visionary leadership and strategic foresight since August 2005. With his astute guidance…
Algoma Tankers Add Algoterra to its Fleet
Algoma Tankers, an operating unit of Algoma Central Corporation, announced that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in Amsterdam, Netherlands and the vessel has begun her delivery voyage to Canada.The provider of marine transportation services said in a press release that the vessel departed Amsterdam on March 30, 2019 and will travel through the English Channel before crossing the Atlantic Ocean destined for Halifax. The Algoterra is expected to begin trading in Canada mid-April.“I am pleased to say that our fleet is fully booked for the season…
Rotterdam Port Expands Inland Shipping
Netherlands-based Port of Rotterdam, the largest port in Europe, has signed a partnership with the North Brabant region, the region of Eindhoven, north of Belgium, to realise increased container transport via inland shipping.In 2018, over 8.6 million containers were transhipped in the Port of Rotterdam (14.5 million TEU). With over 1 million containers, North Brabant is one of Rotterdam’s most important hinterland regions, but with a relatively high share of road transport is…
Visser Shipping Installs Scrubber in Boxships
Netherlands-based Visser Shipping has signed a contract with exhaust gas cleaning system (EGCS) supplier Value Maritime to outfit three container ships with scrubbers, with an option for a fourth scrubber.In 1995 Visser Shipping bought their first seagoing vessel, followed by their first container ship in 2002. The fleet provides container transport throughout Northwest Europe. Thanks to inventive entrepreneurship, the Shipping company continued to enjoy growth even during the crisis years. The fleet consists of 5 modern container ships.“Sailing is our passion.
Anthony Veder Adds LNG/LEG Pair to Fleet
Netherlands-based operator of gas tankers in the segments of gas shipping Anthony Veder has taken delivery of two 10,000-cbm combined gas carriers, which can transport liquefied natural gas (LNG) and petrochemical gases including ethylene (LEG).With this transaction Anthony Veder expands its fleet to 33 vessels and reinforces its leading position in small scale LNG. With eight small scale LNG vessels the company continues their strategy to support the potential for LNG as a marine fuel and in the distribution of LNG for power supply.
Alaskaborg Completes Special Voyage
Netherlands-based maritime transport solutions provider Royal Wagenborg said that its vessel m.v. Alaskaborg completed a special voyage from the Baltic to the Far East.The 15,750 DWT geared vessel from the Wagenborg fleet combined a bulk cargo and project cargo in both box-shaped holds. With this voyage, the m.v. Alaskaborg again demonstrates the flexibility and possibilities of the Wagenborg fleet.First in Tornio, Finland, the ice-classed Alaskaborg loaded 13.000 tonnes of ferrochrome.
Japan Ratifies to Ship Recycling
International Maritime Organization (IMO)'s treaty for safe and environmentally-sound ship recycling has received another boost. Japan has become the 10th country to become a Party to the Hong Kong Convention.According to the UN body, the Convention covers the design, construction, operation and maintenance of ships, and preparation for ship recycling in order to facilitate safe and environmentally sound recycling, without compromising the safety and operational efficiency of ships.Under the treaty, ships are required to carry an Inventory of Hazardous Materials, specific to each ship.
Arctic (& Wind) Operations: Hands Across the Water
As the North American offshore wind model evolves, it is clear that fit-for-purpose, Jones Act compliant and Arctic ready tonnage will need to be part of the equation. If so, we’ve got that box checked, with a little help from Europe.As of September 2018, the Walney Extension off the United Kingdom is the largest offshore wind farm in the world at 659 megawatts. There are at least 70 major wind farms, each with hundreds of wind turbines, each generating as much as 10 megawatts in offshore England, the North Sea, Russia and China.
Bergink Takes the Helm at Framo
Martijn Bergink has taken over as CEO of pumping systems manufacturer Framo.Former Framo CEO Sameer Kalra has officially handed Bergink responsibility for the business as Kalra becomes the new head of the Alfa Laval Marine Division and a member of the Alfa Laval Group management.As CEO of Framo and President of Business Unit Pumping Systems, Bergink will be based out of Bergen. He is educated chemical engineer and holds an McS degree in Chemistry. He began working for Alfa Laval in the Netherlands in 1998 and most recently held the position of President of Business Unit Boiler and Gas Systems.
Van Oord, SGRE Win Windpark Fryslân Job
The consortium of Van Oord and Siemens Gamesa Renewable Energy (SGRE) has signed a conditional contract to build the Windpark Fryslân nearshore wind farm in the Netherlands.The large-scale nearshore wind farm is to be built in the Frisian part of the IJsselmeer in the Netherlands to Zuiderzeewind.Signed in Amsterdam, the conditional contract comprises the construction of the 380-plus MW nearshore wind farm as well as service operations for at least 16 years following completion.Van Oord – Siemens Gamesa were named preferred contractor for the project on 3 August 2018.
New COSCO Service Between UK, Europe, Russia
Chinese state-owned shipping and logistics services supplier company COSCO Shipping Lines announced a new COSCO feeder service from St Petersburg, Russia will begin calling at DP World Southampton."COSCO is to introduce a new weekly call at DP World Southampton, as part of a rotation including St Petersburg, Russia; Kotka, Finland; Southampton, UK; and Rotterdam, Netherlands," said a press release.The news comes after COSCO confirmed in February that DP World Southampton will be a permanent call on its feeder service.
DMO Orders Damen Expeditionary Survey Boat
Damen Shipyards Den Helder (DSDH) and the Netherlands’ Defense Material Organization (DMO) procurement agency have signed a contract for the design, build and delivery of a prototype Expeditionary Survey Boat (ESB).The craft will be optimized for rapid environmental assessments and hydrographic surveys in harbors, river mouths, shallow waters, coastal areas and shipping channels.The craft will be manned by four persons; two to crew the boat and two technicians to operate the hydrographic equipment, and will be able to spend up over 60 hours continuously at sea at her survey speed of 5 knots.