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Monday, November 19, 2018

New York News

Metal Shark Completes Passenger Ferries

Image courtesy Metal Shark

A pair or 105-ft., 150-passenger high speed aluminum ferries built by Metal Shark have completed construction and are ready to enter service for the New Orleans Regional Transit Authority (RTA). The first boat was completed earlier this year and delivered to New Orleans in July. The second vessel is 100% complete at Metal Shark’s Franklin, La., shipyard where it passed U.S. Coast Guard inspections at the beginning of October and is ready for delivery to New Orleans at RTA’s discretion.The new passenger ferries…

Windstar Cruises Announces $250 Million Star Plus Initiative

A rendering of Windstar's Three Star-Class vessels, after future renovation and lengthening (CREDIT: Windstar)

Major Investment Engages Fincantieri to Renovate & Lengthen Windstar’s Three Star-Class Ships beginning in Fall 2019. Windstar Cruises today announces the $250 Million Star Plus Initiative, a major investment and expansion for the innovative cruise company. The multi-million dollar, multi-year undertaking will impact and enhance all aspects of the guest experience for the highly awarded small ship cruise line’s three Star Class vessels. “We are thrilled to announce the $250 Million Star Plus Initiative, a significant investment in the future of Windstar Cruises.

INSIGHTS: Rear Admiral Mark H. Buzby, USN (Ret)

Mark Buzby, Maritime Administrator, U.S. Maritime Administration

Rear Admiral Mark Buzby is the Maritime Administrator, U.S. Maritime Administration.Rear Adm. Mark H. Buzby was appointed by President Donald Trump and sworn in as Maritime Administrator on August 8, 2017. Prior to his appointment, Buzby served as president of the National Defense Transportation Association, a position he has held since retiring from the U.S. Navy in 2013 with over 34 years of service. A 1979 graduate of the U.S. Merchant Marine Academy, Buzby earned his Bachelor of Science in Nautical Science and U.S. Coast Guard Third Mate License.

BGC Enters Shipping, Buys Poten & Partners

Pic: Poten & Partners

Global financial and technology giant BGC Partners has completed the acquisition of Poten & Partners, a ship brokerage, consulting and business intelligence firm specializing in LNG, tanker and LPG markets.Under the terms of the agreement, BGC acquired 100 percent of Poten, which includes operations in New York, London, Singapore, Houston, Athens, Guangzhou and Perth, the company said in a statement.Founded over 80 years ago and with 170 employees worldwide, Poten provides its clients with valuable insight into the international oil, gas and shipping markets. Shaun D.

Virgin Hyperloop One Selects New Chairman

Pic: DP World

Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a…

COWI Expands in US Offshore Wind Energy

Image: COWI

In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with Vineyard Wind in Massachusetts – the first major US offshore wind energy project.The Denmark-based specialist in  engineering, environmental science and economics said in a release that the project is part of a masterplan to construct 10 GW offshore wind farms.The next seven years will see 10 GW offshore wind farms be developed on the northern East Coast – including Massachusetts…

Argus Adds New Marine Fuel Price Assessments

© Nikita Starichenko / Adobe Stock

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead in bringing price transparency that enables this large and emerging oil market to advance trading in preparation for the IMO 2020 required fuels…

Major Shipping Lines Join to Expands Mediterranean-U.S. East Coast

Pic: Yang Ming Anatolia

Hapag-Lloyd, Ocean Network Express, and Yang Ming announced the strategic cooperation with CMA-CGM, COSCO, OOCL to enhance their Mediterranean-U.S. East Coast service AL6 (Atlantic 6) to deliver a more efficient and comprehensive service quality.The improved service is consolidating the AL6 service (operated by Hapag-Lloyd, Ocean Network Express, and Yang Ming), and the Amerigo service (operated by COSCO, CMA-CGM, OOCL) into one larger loop with a deployment of six 8,000-TEU vessels (three by Hapag-Lloyd…

Aegean Marine Files for Chapter 11

© Pascal Bredel / MarineTraffic.com

Aegean Marine Petroleum Network Inc. announced Tuesday that it has filed for chapter 11 bankruptcy protection as the New York listed marine fuel supplier is being investigated to determine whether there was $200 million fraud involving fake transactions with brass-plate companies.Aegean said it has financial support of Swiss strategic partner Mercuria Energy Group Ltd., one of the world’s largest independent energy and commodity companies. Mercuria has pledged more than $532 million in postpetition financing to fund the chapter 11 process and the Aegean’s working capital needs…

Blount to Build Icebreaking Tug for NYPA

(Image: Blount Boats)

Rhode Island shipbuilder Blount Boats said it has signed a contract with the nation’s largest state power organization to construct an icebreaking, all-welded-steel, diesel-powered, double screw tugboat.The new vessel for the New York Power Authority (NYPA) will be built to operate in seasonal ice near the entrance to and within the upper Niagara River. This vessel will replace existing vessels in the NYPA fleet currently used for the installation, removal, and maintenance of…

Marco Ryan Plots a Digital, Connected Course for Wärtsilä

Marco Ryan, Chief Digital Officer & EVP, Wärtsilä. Photo: Wärtsilä

When talk turns to the digital revolution sweeping through the maritime industry, one need look no further than Wärtsilä, which has evolved from a shipbuilding company to an engine manufacturer, and is now embarked on a historic digital transformation led by Marco Ryan, Chief Digital Officer & EVP. We met with Ryan recently in Hamburg, Germany, to discuss the path and pace forward.To start, please lay out the scope of your responsibilities.At a high-level my job is to architect and deliver the transformation (of Wärtsilä) to a smart technology company.

Ocean Yield Adds Tankers to its Fleet

Lars Solbakken, Chief Executive Officer. Photo: Ocean Yield

Ocean Yield has agreed to acquire two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to companies owned and guaranteed by Ardmore Shipping Corporation. The aggregate purchase price is approximately USD 51 million net of pre-paid charter-hire.The ship owning company with investments in vessels on long -term charters also announced that it has today taken delivery of the newbuilding suezmax crude tanker Nordic Tellus from Samsung Heavy Industries' shipyard…

2018 Maritime Risk Symposium – Energy and Maritime Risk

Energy.It seems that energy touches every aspect of our lives from heating our homes to ensuring that fresh produce is available at grocery stores. It powers our cars and allows industry to move products around the world. The connection between energy and risk to the maritime environment has been a growing area of discussion, research and analysis. The United Kingdom’s Royal Navy, within its Joint Doctrine Publication (JDOP 0-10) 5th edition UK Maritime Power, captured this issue superbly: “Fossil fuels and minerals are an important resource in the maritime environment. New deposits of oil and gas, as well as mineral wealth, are discovered under the seabed each year, and improvements in technology will facilitate future exploitation.

U.S. Seeks 'Pragmatic' Approach to IMO 2020 Rules

Rear Admiral John Nadeau, assistant commandant for prevention policy for the Coast Guard

The United States is looking for a "pragmatic" approach to the implementation of new marine fuel emission rules that go into effect in 2020, a U.S. Coast Guard official said on Thursday.The United States hopes like-minded countries will put forth a proposal or proposals for a May 2019 meeting of the International Maritime Organization's environmental body, Rear Admiral John Nadeau, assistant commandant for prevention policy for the Coast Guard, said on the sidelines of a conference in New York.Reporting by Stephanie Kelly

Humphree Interceptors for Seastreak's Newest Ferry


Seastreak stern view (Photo: Humpree)

Interceptors and Active Ride Control supplied by Humphree USA will help deliver a smooth and stable ride for the newest addition to the Seastreak ferry fleet.Seastreak Commodore, which was put into service this summer, is the biggest and fastest passenger ferry in the Seastreak fleet. The 150-foot catamaran can carry up to 600 passengers. The high-speed vessel makes daily commuter runs between Sandy Hook, N.J., and the East 35th Street terminal in New York City, with transit times of about 45 minutes.

U.S. Announces Major Offshore Wind Developments

Gulf Island Fabricators constructed offshore wind turbine  jackets for Deepwater Wind’s Block Island Wind Project off Rhode Island. BOEM Photo/Sid Falk

U.S. Secretary of the Interior Ryan Zinke announced three major developments in American offshore wind energy spanning from coast to coast.The Secretary spoke at the American Wind Energy Association’s Offshore Wind Conference and announced 1.) much-anticipated wind auction in federal waters off the coast of Massachusetts; 2.) the environmental review of a proposed wind project offshore Rhode Island; and 3.) the next steps to a first-ever wind auction in federal waters off of California.“I'm very bullish on offshore wind…

Tidewater, Gulfmark Announce Filing of Definitive Proxy Statement

John Rynd / President , CEO and Director, Tidewater Inc.

Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission (SEC) regarding the pending business combination pursuant to which Tidewater has agreed to acquire all of GulfMark's outstanding shares in a stock for stock exchange. Both companies’ Boards of Directors continue to unanimously…

ACL Christens Its New Vessel Atlantic Sun

Photo: ACL

Atlantic Container Line (ACL) held a christening ceremony for its new G4 vessel, the Atlantic Sun, on Wednesday, at FAPS Port Newark Auto Marine Terminal at the Port of New York & New Jersey. The ACL G4 vessels are the first of their kind and the largest multipurpose RoRo/Containerships ever built. They incorporate an innovative design that increases capacity without significantly changing the dimensions of the vessel. The G4s are bigger, greener and more efficient than their predecessors.

Genco Shipping Completes Acquisitions of Six Vessels

Pic: Genco Shipping & Trading

U.S. headquartered drybulk shipowner Genco Shipping & Trading  said that it has completed the acquisition of a total of six high specification, fuel efficient Capesize and Ultramax vessels.The New York-based company focused on the transportation of major and minor bulk commodities globally said in a press release: "Beginning in July we took delivery of the Genco Weatherly, a 2014-built 61,556 dwt Ultramax vessel. Subsequently, in August, we took delivery of two 2015 Chinese built 181…

New York Seeks 800 MW Offshore Wind

Governor Andrew M. Cuomo. Photo: NY State

Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York.According to a press release issued by New York State Energy Research and Development Authority (NYSERDA) he state's first offshore wind procurement is moving rapidly. Bids due to land in February 2019. Awards for projects will be made in spring 2019 in time to "take advantage of expiring federal tax credits".This highly anticipated first offering kicks-off competition for New York State's first large-scale offshore wind development contracts…

VT Halter Marine Launches Bouchard ATB Tug

Pic: Bouchard Transportation

The ocean-going petroleum barge company Bouchard Transportation said that ATB tug M/V Evening Breeze was launched at US-based medium-sized ships builder VT Halter Marine's Pascagoula shipyard.The launch of the M/V Evening Breeze marks a milestone achievement in Bouchard’s most recent expansion efforts; with the launch of sister ATB tug M/V Evening Stroll not far behind.Bouchard’s Safety First philosophy remains at the forefront of their operation, and is powerfully supported through VT Halter Marine…

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.

Arctic Council Focuses on Biodiversity

Photo: Arctic Council Secretariat

Representatives of the eight Arctic States and six indigenous Permanent Participant organizations, as well as the Arctic Council’s six  Working Groups and more than thirty Observers, met in Rovaniemi, Finland  last week. The Council focused its thematic discussion on biodiversity in the Arctic and welcomed updates from the six Working Groups, two Task Forces, and one Expert Group, as well as interventions from Observers. During the biodiversity discussion Working Groups presented their ongoing efforts to advance biodiversity conservation…

Maritime Reporter Magazine Cover Nov 2018 - 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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