Marine Link
Tuesday, October 16, 2018

North America News

Foreship Eyes US West Coast Cruise Business

Marcus Höglund (Photo: Foreship)

Naval architecture, design and marine engineering specialist Foreship has transferred a senior member of its management team in Finland to head its Seattle operation, in a move aiming to expand West Coast activities and provide a new focus for its U.S. cruise ship customer base.Marcus Höglund, Foreship Senior Vice President Engineering Services, will take up a position as Head of Operations North America, Foreship LLC with effect from October 8 to lead a team including existing staff in Seattle and in the company’s Fort Lauderdale, Fla.

Shell's LNG Canada Seen as Tip of Megaproject Iceberg

Photo courtesy of Shell

The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities.The two announcements, adding 37 million tonnes a year (mtpa) to the 290 million tonnes traded in 2017…

ABS North American Committee Look Ahead to 2030

Photo: ABS

Industry leaders from across North America met to discuss global challenges facing the maritime sector at the annual ABS North American Regional Committee.The group heard strategies to meet the IMO’s 2020 Sulfur Cap, as well as a look ahead to 2030 when vessel data will play a significant role in compliance management.“Thanks to our deep links with industry across North America, ABS continues to leverage technology to develop new ways of supporting our partners and members. As the leading classification organization in North America…

ExxonMobil Readies IMO 2020 Compliant Fuel

Pic: ExxonMobil Singapore

ExxonMobil said that all its International Maritime Organization (IMO) compliant 0.5% sulfur bunker fuels developed to date are residual grades.The oil giant  has also announced specification details and confirmed that the formulations are all compatible with each other, provided that bunkering, storage and handling best practice guidance is followed.All of ExxonMobil’s announced low sulphur compliant fuels will be residual grades and will also be compatible with each other, provided best practice guidance for bunkering…

Antwerp Port on Track to Record Sixth Year

Image: Port of Antwerp

Belgian port Antwerp said that throughput continues to register growth in the port. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.With these results, the port seems to be on track for the sixth record year in a row. The recent wave of investments moreover confirms the port’s appeal and reaffirms its role as a world player.Maritime throughput continues to grow.

Helm Operations Joins Volaris Group

Ateet Patel, Portfolio CFO of Volaris Group shakes hands with Ron deBruyne, CEO of Helm Operations.

The marine software developer looks to accelerate growth with new backing from global technology firm.Marine operations software company Helm Operations has been acquired by Toronto-based Volaris Group Inc. (“Volaris”). Volaris specializes in strengthening and growing technology companies and is a leader in the marine software space. Founded in 1999, Helm Operations is widely known as a developer of marine operations software for the workboat market. Following an acquisition by ClassNK in 2014…

USCG Posts Recap of Ballast Water Management & Technology Conference

Coast Guard staff present on various topics related to the ballast water program during September’s BWMTechNA in Florida. IMAGE CREDIT: USCG

Extensions, type approvals and next steps were all prominent on the agenda.September’s Ballast Water Management and Technology North America conference saw USCG staff from the Office of Operating and Environmental Standards and the Marine Safety Center giving conference attendees an update on various aspects of the Coast Guard’s ballast water program. Following is a recap of those presentations for our readers who were unable to attend:Ms. Regina Bergner and Mr. Matthew Reudelhuber with the Office of Operating and Environmental Standards, and Lt.

Global Recreational Boat Market to Reach $50 Bln by 2023

Pic: Brunswick Corporation

The global recreational boat market is expected to reach revenues of more than $50 billion by 2023, growing at a CAGR of approximately 4 percent during 2017-2023, said a research report.The exponential growth of the travel and tourism industry across the European region will positively impact the development of the global market, said the market report by Arizton on the global recreational boat market."The rapid economic development and the increasing demand for charter services in Southeast Asia will boost the demand for new products in the market.

Yara Marine Has Big Expectations for 2019

Yara Marine scrubber installation at Meyer Werft (Photo: Meyer Werft)

Many shipowners are scrambling to comply with the tough, new the International Maritime Organization (IMO) fuel global sulfur limit of 0.50 percent m/m, which takes effect January 1, 2020.It is expected that after the rules swing into force, the light-heavy fuel price spread will likely spike and refining margins will be higher, particularly for complex refineries.Shipowners have to stay ahead of the game, said Yara Marine Technologies CEO Peter Strandberg: “Shipowners often get a bad rap of refusing to adopt new, innovative technologies and processes.

Asset Management Optimized Using Aerial Drones

© Riko Best / Adobe Stock

A new alliance aims to shake up traditional asset management and engineering inspection services in North America.Partners DCL Rigging & Mooring (DCL) and Aerostar Drone Solutions Inc. intend to utilize advanced, multiple-imaging sensors on unmanned aerial vehicles (UAVs) to dramatically lower the cost of conducting engineering surveys and inspection engagements.“We are using our 50 years of combined industry and engineering experience to develop alternative inspection techniques utilizing UAV technology,” said Darren Jackson, President of Aerostar.

Q-LNG, VTHM Execute LOI for Another LNG Bunkering Vessel

Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”) announced its further commitment to support the cruise line industry and its liquefied natural gas (“LNG”) marine fueling needs by executing a letter of intent (“LOI”) with VT Halter Marine, Inc. (“VT Halter”) to construct an 8,000m3 LNG Bunkering Vessel on speculation.CEO, Shane Guidry, commented, “With the past and recent announcements by major cruise lines to build and deliver LNG powered cruise ships to the U.S. market…

Singapore Bunkering Hub Ready for IMO 2020

© anekoho / Asdobe Stock

Singapore authorities are taking measures to ensure the availability of low-sulphur marine fuels ahead of upcoming emissions regulations in 2020, Singapore's Senior Minister of State for Transport and Health Lam Pin Min said on Wednesday."(The) MPA is working closely with the industry to ensure that Singapore is ready to supply low-sulphur compliant fuels ahead of 1 January, 2020," said Lam at the Singapore International Bunkering Conference and Exhibition.The Maritime and Port Authority of Singapore (MPA) will make available a list of licensed bunker suppliers of low-sulphur fuels by mid-2019

Sea Machines Rolls Out Autonomous Vessel Tech

SM300 (Image: Sea Machines)

Sea Machines Robotics, a Boston-based developer of autonomous technology for marine vessels, said its introductory line of intelligent command and control systems has successfully completed product sea trials.The two new products, SM300 and SM200, unlock task-driven, computer-guided vessel operations, bringing advanced autonomy within reach for small- and large-scale operators, the company said. Already in use in North America and Europe, Sea Machines' products for offshore commercial…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost- effective alternative fuel and significant rise in government initiatives supporting LNG adoption.According to a research report from Energias Market Research…

Lady Washington Opens for Public Visit

Photo: Grays Harbor Historical Seaport Authority

Tall Ship Lady Washington will be docked at Jack London Square at the foot of Broadway, Saturday and Sunday, informed a press release from Port of Oakland.Visitors can experience maritime history by taking a vessel tour for a small donation to the floating museum. There are also ticketed sailing trips on San Francisco Bay.Lady Washington was built in Aberdeen, Washington, by the Grays Harbor Historical Seaport Authority and launched in 1989. She is a full-scale replica of the…

Optimism in Multipurpose Shipping: Drewry

Global consumption of primary energy by fuel type (million tonnes oil equivalent). Graph: Drewry Maritime Research

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

Wärtsilä, Royal Caribbean Extend Partnership to 2028

Allure of the Seas (Photo: Wärtsilä)

Wärtsilä and Royal Caribbean Cruises Ltd. have extended their long-term service agreement to 2028, as the marine and cruise industry is moving more and more toward long-term partnerships.Under the agreement, Wärtsilä is optimizing maintenance efficiency through improved turbocharger maintenance, providing OEM spare parts, workshop services and preferred technical assistance for 46 Royal Caribbean Cruises’ ships. The original agreement, signed in 2013, spanned 10 years.The partnership…

Avondale Yard to Be Repurposed as a Multimodal Hub

USS Somerset (LPD 25) is launched from the Avondale Shipyard in 2012. The vessel later became final Navy ship to depart from the shipyard, in February 2014. (U.S. Navy photo courtesy of Huntington Ingalls Industries)

The former Avondale Shipyard facility in Louisiana will be redeveloped into a logistics and intermodal hub under a joint venture group that took ownership of the shuttered shipyard today.The Avondale site, located just upriver from New Orleans, built and repaired commercial and military vessels for more than 75 years, most recently as part of Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division, until the facility ceased operations in December 2014.New development plans announced today will see the 254-acre site repurposed as a multimodal…

Anniversary of IMO Global Ballast Water Management Treaty

Image: International Maritime Organization (IMO)

The International Maritime Organization (IMO)  treaty countering the threat to marine ecosystems by potentially invasive species transported in ships' ballast water entered into force globally in September 2017.Named 'International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 (BWM Convention)', it entered into force globally on 8 September 2017.One year on, the number of ratifying States stands at 77, representing just over 77% of world gross tonnage…

AXA XL Launches North America Workboat Insurance

© Cliff / Adobe Stock

AXA XL's North America marine insurance business is expanding its reach in the marine insurance market with a new policy specifically designed and delivered to address workboat risks.“Our new workboat policy represents the continued extension of our risk appetite and underwriting expertise to address a wider array of marine risks,” said Anne Marie Elder, AXA XL Chief Underwriting Officer for Marine in the North America. “Workboats represent many different types and sizes of vessels that are used for a wide range of tasks…

IUMI: Cautious Optimism for Offshore Underwriters in 2018

James McDonald. Photo:  International Union of Marine Insurance

Although global premiums for the offshore energy insurance sector dipped by 5% in 2017, signs of recovery are on the horizon."We need to apply some caution as the margins between supply and demand are thin but these small margins can create volatility in the market," pointed out International Union of Marine Insurance (IUMI)'s Offshore Energy Committee Chairman, James McDonald.Oil prices have steadily risen by 40% since last year’s IUMI conference and this is starting to drive activity in the oil and gas sector.

14,000-TEU ONE Aquila Delivered

The newly built containership ONE Aquila was delivered in Hiroshima, Japan (Photo: ONE)

Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.

Global Oil Demand to Peak in 2023

Liv A. Hovem, CEO, DNV GL – Oil & Gas. Photo: DNV GL

While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. DNV GL’s 2018  Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from USD960 billion (bn) in 2015, to a peak of USD1.13 trillion in 2025. Upstream gas operating expenditure is set to rise from USD448 bn in 2015 to USD582 bn in 2035…

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

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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