SeaBird Exploration Cancels Munin Explorer Charter
Marine seismic survey provider SeaBird Exploration has entered into a settlement agreement with Ordinat Shipping AS, the owners of Munin Explorer, for the termination of the charter party agreement and redelivery of the vessel. The transaction is conditional on the fulfilment of certain preconditions and is expected to be approximately cash neutral to the company in 2018 and 2019. The company is estimating that the transaction will save in excess of $2 million over the term of the contract, including the forgiveness of the $2.4 million charter hire payment due 30 June 2020.
AEGIR-Marine: New Propulsion Workshop DNV-GL approved
AEGIR-Marine reports that it received an Approved Workshop statement from DNV-GL. AEGIR-Marine is the first brand-independent service provider in The Netherlands with an approved workshop for repair and maintenance of propulsion systems. For brand-independent service providers who perform repair and maintenance work on maritime propulsion systems, approval of their workshop is completely new. AEGIR-Marine approached DNV-GL for the approval process, because this agency also supported the company in obtaining the ISO 9001 certification, the international standard for quality management systems.
Emas Offshore Appeals Against Oslo Stock Exchange Delisting
Oslo Stock Exchange has decided to delist the shares of Singapore-based Emas Offshore from trading. The offshore services provider considers this decision detrimental to its ongoing restructuring efforts. The Oslo Stock Exchange released a statement on Monday, February 19 announcing its intention to delist the shares of Emas Offshore Limited with effect from April 27, 2018. Emas Offshore, part of Singapore's Ezra Holdings plans to make an appeal against the decision by March 5. "In the meantime, the Company remains listed on the Oslo Stock Exchange.
Rand Logistics Files for Chapter 11 Bankruptcy
Rand Logistics Inc, one of the largest bulk freight shipping providers in the Great Lakes region, filed for Chapter 11 protection on Tuesday after agreeing to a debt-for-equity swap with lender Lightship Capital LLC. Rand, with $236 million of debt, said in November it would file for bankruptcy as part of a restructuring support agreement with Lightship, an affiliate of New York-based private equity firm American Industrial Partners.
MacGregor Completes Rapp Marine Acquisition
MacGregor, part of Cargotec, said it has completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG) after first announcing the deal in December 2017. "With MacGregor's Triplex deck handling portfolio we already today have a very strong position in the fishery and research vessel segment and the addition of Rapp Marine's team members and technologies further strengthens our position," said Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor. RMG employs about 120 people with main locations in Norway, the U.S. and U.K. "Our team is happy to join MacGregor. Customers can benefit from the wider portfolio of safe and efficient equipment from one provider to their specific vessels…
Transocean Amends Drilling Contract
Transocean announced that an agreement has been reached with the incumbent customer to amend the drilling contract on the harsh environment semisubmersible Transocean Leader. The rig experienced equipment breakdown that could not be repaired timely, providing the customer with the right to cancel the contract. However, given the otherwise efficient performance of the rig, the customer elected to complete its program with the Leader and Transocean agreed to amend the drilling contract, signed today and effective January 13, 2018, whereby the dayrate and contract duration were modified.
Elcome Completes Satcom Switchover for LNG Tanker Fleet
Elcome International said it has completed a satellite communications retrofit program for a major fleet of liquefied natural gas (LNG) tankers providing broadband data and voice services. “Our team decommissioned the existing VSAT systems and installed new SAILOR 900 antennas and below-deck systems on 40 ships within four months. Most of the installations were performed at sea, and the others were made at ports in eight different countries,” said Jimmy Grewal, executive director of Dubai-based Elcome International.
Telford Offshore: A New Offshore Services Provider
There’s a new name in the global oil and gas industry: Telford Offshore, which officially launched today after acquiring four vessels from Sea Trucks Group following its liquidation. The newly formed contracting company acquired four DP3 multipurpose offshore construction vessels which can support multiple activities, focusing on high capacity accommodation combined with lifting, fabrication and installation services. The Dubai headquartered company said it will focus on areas where the vessels and company project personnel have demonstrated their capabilities…
SatComms Australia Named Gold Service Provider
Inmarsat, a provider of global mobile satellite communications services, today announced that SatComms Australia, a provider of mobile and fixed satellite solutions, has been appointed as a Gold Service Provider. An Inmarsat service provider since 2005, SatComms provides services primarily to the maritime sector and, in recent years, has extended its business to Land and Aviationusers as well. To achieve Gold accreditation within the Inmarsat partnership networks, service providers must have detailed and intricate knowledge of Inmarsat’s network and service offerings while offering superior, round-the-clock customer care to end-users. SatComms Australia can now display the Gold Service Provider mark on their customer communications and will enjoy increased access to Inmarsat resources.
Inmarsat Appoint SatComms Australia 'Gold Service Provider'
Inmarsat, a leading provider of global mobile satellite communications services inform that SatComms Australia, a provider of mobile and fixed satellite solutions, has been appointed as a Gold Service Provider. An Inmarsat service provider since 2005, SatComms provides services primarily to the maritime sector and, in recent years, has extended its business to Land and Aviation users as well. “We have enjoyed an excellent working relationship with SatComms Australia going back many years and are pleased to welcome them to the ranks of Gold Service Provider…
MOL Allies with NCC
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a capital and business alliance agreement with chemical tank specialist logistics provider Nippon Concept Corporation (NCC). "MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses," said a statement from the company. The agreement gives NCC the opportunity to globally increase…
Cummins Introduces Mobile App
Without having to enter a service bay or wait for a technician to come on site, Cummins customers are now able to read prioritized engine fault codes and other key engine information within minutes wherever they are operating with the new Cummins Guidanz mobile app. Available as a free download now on the Apple App Store or the Google Play Store, the Guidanz mobile app arms customers with critical information about their Cummins engines (2007 and later on-highway engines and Tier 3 and later off-highway engines) that they can email to their operations managers…
DMA Approves Tests Providers for Yachtsmen
Currently, the Danish Maritime Authority is in the process of approving test providers and issuers of certificates for yachtsmen. The approval is made in accordance with new regulations that entered into force earlier this year. These provisions make it possible for organisations within the yachting area to offer tests for yachtsmen. In 2017, this is of relevance only within the field of powerboat licenses and certificates of proficiency. The first approved providers, i.e. the Dansk Fritidssejler Union (Danish Yachting Union) and the Dansk Sejlunion (Danish Sailing Association)…
Maritime Safety Committee Releases New Interim Guidance
Gray Page, a maritime intelligence, investigation and crisis management company, advised that the IMO's Maritime Safety Committee’s (MSC) recently-approved interim guidance on the employment of privately-contracted armed security personnel (PCASP) to combat piracy underlines the requirement for independent vetting of private armed maritime security providers (AMSP). The MSC guidance, issued in May, incorporates recommendations for flag States confirming that it is the responsibility of individual flag States to ordain the carriage of security personnel and their firearms onboard ships sailing under their flags. Further interim guidance for shipowners, ship operators and shipmasters, seeks to address the difficulties faced in selecting an appropriate provider of armed security services.
New Severn Offshore Vessel Starts Work in German Wind Sector
Severn Offshore Services announced that its new vessel Severn Provider has commenced operations in the German sector of the North Sea. The 26-meter Damen Twin Axe crew transfer vessel Severn Provider was recently christened at Damen Shipyards, Gorinchem and mobilized immediately to her first job earlier this month. She is now transporting personnel and equipment to and from the Meerwind Offshore Wind Farm. Managing Director of Severn Offshore Services, Ryan Hopkins, explained…
Island Offshore Halts Debt Amortisation Payments
Offshore service vessel owner Island Offshore Shipholding said on Tuesday that it had initiated discussions with its finance providers to address the group's long term financing. Has decided with effect from Nov.
Wärtsilä Extends Service Agreement with WinGD
Wärtsilä said it has signed a 10-year service partnership agreement with the Swiss company Winterthur Gas & Diesel Ltd. (WinGD), a developer of two-stroke low-speed gas and diesel engines used for propulsion power in merchant shipping. The new partnership agreement appoints Wärtsilä as an authorized global service provider for all WinGD products and provides WinGD and its customers continued access to Wärtsilä’s worldwide service network and comprehensive services offering. It…
Monopoly Seekers Increase Burden on Shipping -ASA
In a recent statement at a U.S. Congressional hearing, American Salvage Association (ASA) President, Todd Schauer, defended the response capabilities of the industry, and, by extension, the implementation of regulations themselves by the U.S. Coast Guard. “It has come to the attention of the American Salvage Association leadership that the resource and response capabilities of the four national salvage and marine firefighting (SMFF) resource providers have been questioned recently,” he said.
Investigation Reveals Queensland Pilotage Safety Concerns
Systemic safety issues in Queensland coastal pilotage operations have been identified in an Australian Transport Safety Bureau (ATSB) investigation report. Coastal pilots form a key defence against a serious shipping incident in parts of the Great Barrier Reef and Torres Strait as part of a suite of broader protective measures already in place. The ATSB began an investigation into coastal pilotage operations in December 2010 following the release of its report into the grounding of the piloted tanker Atlantic Blue in the Torres Strait and a request from the Australian Maritime Safety Authority (AMSA)—the coastal pilotage safety regulator.
Crowley Maritime Named a Top 3PL Provider Again
For the fifth consecutive year, Crowley Maritime Corp.’s logistics group has been recognized as one of the best-equipped industry providers after being named a 2013 Inbound Logistics Top 100 Third-Party Logistics (3PL) Provider. Editors selected Crowley, along with the company’s fellow honorees, from hundreds of candidates, based on its ability to offer diverse operational capabilities, scalability and experience to meet readers' unique supply chain and logistics needs. "This…
Cargo Barge Launched for Alaska Marine Lines
Alaska Marine Lines celebrated the launch of its newest barge, Skagway Provider, at a ceremony July 7 at Gunderson Marine in Portland, Ore. where the vessel was constructed. The heavy deck cargo barge will make its maiden voyage from Seattle to Southeast Alaska July 29 and will begin serving Alaska Marine Lines customers on the Seattle to Southeast Alaska route. “We are proud to offer our customers additional capacity between Seattle and Southeast Alaska via the Skagway Provider,” said Kevin Anderson, president of Alaska Marine Lines.
Encik Rezza Resigns as ED of Bumi Armada Berhad
Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad. Encik Rezza will officially relinquish his roles at the Group on the 28 of February 2018. He has requested an early release from the Group to pursue other interests outside the Group. Rezza joined Bumi Armada in September 2005 and prior to his current role as Head of the OMS business, he was the CFO.
Two Damen ASD Tugs 2810 for Iskes Towing & Salvage
Iskes Towage & Salvage, the leading maritime service provider based in the port of IJmuiden, Amsterdam, has taken delivery of two Damen ASD Tugs 2810. The vessels were built at Damen Song Cam Shipyards, Vietnam, and delivered last year to Damen Shipyards Gorinchem, the Netherlands, as part of the group’s strategy to position stock vessels for rapid availability in Europe. This on-demand availability was a significant factor in Damen winning the contract, with both tugs being delivered within two weeks of the contract being signed.