Incat Crowther Designs Ferries for Russian Builder
Incat Crowther is pleased to announce that contracts have been signed with Russian builder Pacifico Marine for two catamaran ferry projects. Incat Crowther and Pacifico Marine have formed a relationship that sees the design company assist Pacifico Marine to service the Russian market with proven designs. The relationship has already found success with the contracts for these two vessels, and both companies are hard at work to secure further orders. The vessels are being constructed for operation during next year’s APEC summit to be held in Vladivostok…
Six Shipyards Appoint Del Mar as Agents
Del Mar Marine Corp. based in Miami, Florida, was appointed in May as shipyard agents by the following yards: Dalian Daeyang Shipyard Co., Ltd. (China), Guangzhou CSSC-Oceanline-Gws Marine Engineering Co., Ltd. (China), Ilyichevsk Shiprepair Yard (Ukraine), Industria Naval del Pacifico S.A. de C.V. (Mexico) and Southern African Shipyards (PTY) Ltd. (South Africa), also their affiliated company Del Mar Panama S.A. based in Panama was appointed as shipyard agents by Zhanjiagang Jiu Sheng Shipyard Co. Ltd. (China).
Ulstein Delivers in Brazil
The Ulstein designed platform supply vessel ‘CBO Pacifico’ left the Estaleiro Alianca yard on 10 May 2012. The newbuild went straight into contract for Petrobras. The vessel is the second of the PX106 design delivered to CBO this year. “The finish and quality of these vessels are impeccable. We are very pleased with the good cooperation we have had throughout these projects with shipowner CBO and the Estaleiro Alianca yard,” says Ingar Kaldhol at Ulstein Design & Solutions. He…
Wärtsilä Expands in Panama
Wärtsilä, a provider of power plant and ship power solutions and services, opened new offices and a workshop in Panama. Located in the International Business Park of Panama Pacifico, the new facilities are intended to meet growing market demand from customers in the area. The new workshop enables Wärtsilä to offer a wide range of services for engines, electrical and automation systems, propellers and thrusters, and to provide reconditioning services. "Panama's strategic importance as one of Latin America's largest logistics centres and as a major area for ship servicing will grow in importance along with the expansion of the Panama Canal," said Markku Aspholm, General Manager, Wärtsilä in Panama.
ABS Adds to Membership
At the recent ABS Council meeting in N.Y., 40 prominent members of the shipping and offshore industries were elected as new members of the international classification society. The ABS Council also elected two new members to the society’s Technical Committee. “ABS governance is vested in a membership comprised of distinguished individuals drawn from the international shipping, shipbuilding and offshore industries, from academia, the insurance sector and other related disciplines,” said ABS Chairman and CEO Robert D. Somerville. Akimitsu Ashida, President, Mitsui O.S.K. Lines, Ltd. Noel L. Captain Ali M. Belhag, Chairman, GNMTC – General National Maritime Transport Co. Joseph L. Takatoshi Funada, President, Funada Kaiun Co., Ltd. Kevin M.
Skuld Says Joint Marine Insurance Has Legal Black Hole
It is neither controversial nor new to say that co-assureds under a joint insurance policy cannot claim against each other in respect of a co-insured loss. It is taken to be an implied term and the possibility of financial claims between co-assureds is irrelevant: the insurer will pay. If there are only two, an owner and a charterer, in the contractual chain, and if the charterer is held liable, then the matter goes no further: the insurer covers the loss and there is no recourse claim to be pursued.
Yildirim Promoted to Marine Manager at APC
Advanced Polymer Coatings (APC), based here, has elevated Captain Onur Yildirim to the newly created position of Marine Manager. In his new role, Captain Yildirim will manage the company’s marine coatings operation globally including sales, technical, and after-sales service, working closely with APC senior management. Prior to this role, he held a number of positions at APC, most recently from 2012 to 2018 as Global Technical Manager, overseeing the global technical team including after-sales service.
Kirby Closes Acquisition of Higman Marine
Kirby Corporation has announced the completion of the acquisition of Higman Marine, Inc. and its affiliated companies (“Higman”), an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total value of the transaction was approximately $419 million in cash before post-closing adjustments and transaction fees. issuance of senior notes, which closed on February 12, 2018. The new senior notes provided for $500 million in fixed rate debt at 4.2% with a 10-year maturity on March 1, 2028.
Industry Leaders Elected To ABS Membership
Sixty-Nine prominent shipping industry executives have been elected as new members of ABS. In addition, Rear Admiral David L. Brewer III, Commander, Military Sealift Command, U.S. Navy, was appointed as a member. This brings the ABS worldwide membership to 803. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. M.A. Marcelo P. S.A. Ghazi A. Al-Ibrahim, President, Mideast Shipmanagement Ltd. Giovanni Barbaro, Owner, Pietro Barbaro S.p.A. S.p.A. Giuseppe Bottiglieri, Managing Director, Bottiglieri Di Navigazione, S.p.A. Jae Cheol Byun, President, JSM International Ltd. Dr. Mauro Fernando Orofino Campos, President, Petroleo Brasileiro S.A.
Singapore Marine Fuel Sales Surge 7.2%
Singapore's marine fuel sales set a monthly record in January after climbing to 4.606 million tonnes, up 3.2 percent from a year earlier as vessels coming to the world's largest bunkering hub loaded larger amounts of bunker fuel per vessel on average, official data showed. Compared with the previous month, sales in January were up 7.2 percent, data from the Maritime and Port Authority of Singapore (MPA) showed. The number of vessels that called at Singapore for bunkers fell by 4.4 percent from last year to 3,472 but was at an eight-month high, MPA data showed.
SENER Organizes FORAN Seminars at Croatian Universities
The SENER engineering and technology group organized two technical seminars on the FORAN System between January 29 and February 1 at the Croatian universities of Split and Rijeka. The objective of these technical sessions, which are part of the agreement signed by SENER with both universities to extend the use of its FORAN marine design and production system, is to exchange knowledge between different industry agents as well as providing students with training. The four sessions…
Sembcorp Marine Faces Exchange Query after Big Shares Fall
Shares of Singaporean rig-builder Sembcorp Marine closed 12 percent lower on Monday, their biggest daily fall in nine years, prompting a query from the bourse regarding the trading activity. This is the second time in a month the Singapore stock exchange has issued a trading query to Sembcorp Marine after a sharp rise in the stock on Jan. 23. Shares of the company closed down 32 Singapore cents at S$2.37 on Monday. They have risen 29 percent so far this year. The company will report its financial results next week. (Editing by Vyas Mohan)
Annual Towing Forum Returns to SUNY Maritime
For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year will be no different; the 18th annual Towing Industry Forum will include presentations about safety management systems, wind farms and their impact on marine traffic, and a federal study regarding route planning and access to East Coast ports, among other topics. The forum, organized by the college’s Department of Professional Education and Training, will be from 8 a.m. to 1:30 p.m.
Panama to Transform its Role with Canal Expansion
Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion. With the opening of the long-awaited Panama project this June, all eyes are on the impact the $5.25 billion engineering marvel will have on maritime traffic across the vital international lanes that link the Pacific, the Atlantic and the Gulf of Mexico.
Hapag-Lloyd Names First of Five 10,500 TEU Box Ships
Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express. Valparaíso Express was named by Rozío Gonzaléz – wife of Andrónico Luksic, Chairman of the Board of the Quiñenco Group – who performed the ceremony at the Terminal Pacifico Sur (TPS) in the port of Valparaíso, where the new ship will call regularly going forward. The Quiñenco Group is the largest shareholder of CSAV, one of the three controlling shareholders of the Hapag-Lloyd.
Hoppe Singapore is Operational
As per January 1, 2018, Hoppe Singapore Pte. Ltd., a wholly owned subsidiary of the Hoppe Group headquartered in Hamburg, Germany, has opened. “The decision to set up Hoppe Singapore, enhancing the already existing Hoppe network in China and South Korea, proves Hoppe’s commitment in ensuring a reliable and timely response on service and spares support to customers in the region,” said Marc Rohde, Managing Director of Hoppe Marine GmbH, Germany. Hoppe Singapore is headed by Dr. Wilfred Rachan as Managing Director with his team of Service Engineers and Administration Staff.
Ocean Yield Acquires Four VLCC
Ocean Yield has announced that 100% owned subsidiaries of the Company have agreed to acquire four VLCC crude tankers with 15-year bareboat charters to companies owned and guaranteed by Okeanis Marine Holdings. All four vessels are sub-chartered to the shipping arm of a large industrial conglomerate for a period of 5 years. The gross purchase price is USD 83.75 million per vessel and the net cash purchase price is USD 74.25 million after a seller's credit of USD 9.50 million. The vessels are scheduled for delivery by the yard, Hyundai Heavy Industries, South Korea, in Q2-Q3 2019.
Cummins Unveils New EPA Tier 3 Marine Generator
Cummins Inc. has expanded the power range of its U.S. Environmental Protection Agency (EPA) Tier 3 certified marine generator product line. Cummins will now feature a new Onan Marine QD series generator with a power range of 40 kWe to 65 kWe, offering customers reduced emissions with the quietest operation in the industry, according to the manufacturer. The series’ expanded power range was announced during the Miami International Boat Show, and comes as recreational vessels are requiring more electrical capacity to power increasing house loads.
Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE
Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America. Previously, HMM operated three Asia-west coast of South America services with MSC, CMA-CGM, Hamburg Süd, Hapag-Lloyd, APL, and CSCL. The newly reorganized ‘Asia-west coast of South America’ joint services will connect Korea, China, Japan, Taiwan with the west coast of Mexico, Peru, Chile, Columbia through three loops starting at the beginning of April.
Canal Barge Orders Becker Flap Rudder Retrofit
The U.S. office of Becker Marine Systems announced the order for a retrofit of another set of Becker Flap Rudders placed by the Canal Barge Company, Inc. Canal Barge Company is a family-owned, independent marine transportation company headquartered in New Orleans. Chosen for retrofit is the 140-ft. boat Eugenie P. Jones, built in 1975 by the Dravo Corporation. She is a sister vessel of the Susan L. Flap Rudders since June of 2014. Canal Barge Company also has one more set of Becker Flap Rudders on order for a third sister boat.
Ocean Yield Acquires Two Handysize Dry Bulkers
Norwegian shipowner Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA). The net cash purchase price is USD 18 million per vessel after a seller's credit. Both vessels are expected to be delivered to the Company during March 2018. LDA has options to acquire the vessels during the charter period, with…
MacGregor Acquires Marine Business from TTS Group
MacGregor, part of Cargotec, has entered into an agreement to acquire the marine and offshore businesses from TTS Group, a global provider of cargo handling equipment and services for merchant and offshore ships for an enterprise value of EUR 87 million ($106 mln). The combination of the two businesses will produce greater scale and diversification and will strengthen MacGregor's portfolio and market position in key markets for cargo and load handling equipment. Based on preliminary estimates, potential cost synergies are estimated to be around EUR 30-35 million on annual level and are expected to be reached within three years from closing.
Four Methanol-fueled Vessels Ordered in Korea
Four new vessels powered by methanol fuel will be built in Korea following investment from maritime industry stakeholders Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui) and the NYK Group (NYK). The four 49,000 dead weight tonne newbuilds will be built at Hyundai Mipo Dockyard for delivery in 2019. They will be powered by MAN B&W ME-LGI two-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil or gas oil.