New Nippon Paint Targets Chem, Product Carriers
Nippon Paint Marine has added to its NOA range of self-indicating epoxy coatings with a new system specially developed to protect chemical and product carrier tanks from corrosion and cargo contamination.NOA PC 700, a phenolic/novolac-based epoxy, is resistant to a wide range of chemicals, solvents and petroleum products, including those containing xylenes, methyl ethyl ketone, methanol, caustic soda and LSA fuel oil.Makoto Nakagawa, General Manager Sales and Marketing, Nippon Paint Marine Coatings…
McQuilling Mid-Year Tanker Market Outlook
McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.
Tanker Market in Upward Journey: Ardmore
The MR (Medium Range Product Carrier) product and chemical tanker market continues its upward trend, with charter rates higher in the first quarter on the back of continued strengthening supply-demand fundamentals and further supported by prolonged winter market conditions.According to Anthony Gurnee, the Company's Chief Executive Officer of Ardmore Shipping Corporation this trend is in spite of heavy refinery maintenance and upgrade downtime as the global refinery complex prepares for the IMO 2020 marine fuel transition…
Scorpio Orders Ecochlor BWTS for 55 Tankers
Shipowner Scorpio Tankers has signed a deal to retrofit roughly half of its product carrier fleet with ballast water treatment systems (BWTS).The deal will see U.S. based BWTS manufacturer Ecochlor, Inc. supply 55 systems for Scorpio's product carriers ranging between 38,000 to more than 100,000 DWT. Installations are expected to begin in the fourth quarter of 2018 and continue to the end of 2022.Additionally, Scorpio Tankers will become a minority investor in Ecochlor.Emanuele Lauro…
Interview: Robert Kunkel, Alternative Marine Technologies
Bob Kunkel needs no introduction to Marine News readers. Kunkel, President of Alternative Marine Technologies, previously served as the Federal Chairman of the Short Sea Shipping Cooperative Program under the Maritime Administration and Department of Transportation from 2003 until 2008. A past Vice President of the Connecticut Maritime Association, he is a contributing writer for Maritime Logistics Professional magazine and of course, Marine News. A graduate of the Massachusetts Maritime Academy…
G E Shipping to Buy Secondhand LR2 Tanker
The Great Eastern Shipping Company Limited (G E Shipping) said it has signed a contract to buy a secondhand Long Range 2 (LR2) product carrier of about 105,000 dwt. The 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18. The company’s current fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.
GE Shipping to Buy L2R Product Carrier
The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second-hand L2R product carrier of about 105,000 dwt, the company said in a press statement. The company said that the 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18. The Company’s current fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.
Alfa Laval: New Test Facilities, New Technologies
Heat transfer, separation and fluid handling technology specialist, Alfa Laval, has expanded its Test & Training Center in Aalborg, Denmark with a new gas testing facility. At the same time it continues developing new technologies in the areas of ballast water treatment, sulfur oxide emission control, touchscreen boiler control, fuel efficiency automation for inert-gas systems and methanol booster systems. Alfa Laval, a global provider of specialized products and engineering solutions based on the key technologies of heat transfer…
Inert Gas Systems Produces Significant Fuel Savings
The Alfa Laval Automatic Fuel Efficiency Module (AFEM) is a new modification for reducing the fuel consumption of Alfa Laval Smit Combustion inert gas systems. It does so by ensuring the inert gas that keeps cargo safe during offloading is only generated in the exact amounts required. In a two-year pilot project, the AFEM allowed Italian shipping company Navigazione Montanari S.p.A. to achieve an average fuel savings of 30 percent. Based in Fano on the Adriatic Sea, Navigazione Montanari owns and manages a fleet of 21 tankers.
NASSCO Christens 4th ECO Class Tanker
General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers. On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Juan Vargas spoke at the ceremony, and the ship’s sponsor, Mrs. Melissa DeVeau, christened the ship with the traditional break of a champagne bottle alongside the ship.
Fuel Variants For LR1 Product Tankers
In a comprehensive study, DNV GL in cooperation with MAN DT examined a set of scenarios for various versions of an LR1 product carrier to determine the most economically feasible fuel type to plan for. Considering the current volatile market situation, the conclusions are quite different depending on the development of fuel prices. The goal of this study was to analyse costs and benefits of various fuel options for a newbuild. The alternative fuels selected included LNG, LPG and methanol and others.
ABS Partners with Leading Greek Shipowners to Address EU MRV Regulations
ABS, a leading provider of classification services to the global marine and offshore industries, has completed a project with a group of leading Greek shipowners to support preparations for implementing the European Union’s Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions. The result of this initiative is a clear interpretation of the regulation that allows companies to understand how they will be affected and what steps have to be taken to achieve and demonstrate compliance.
APT’s 2nd ECO Class Product Carrier Christened
On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony, and the ship’s sponsor, Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship. The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT…
Novoship to Install Ecochlor BWTS on 4 Tankers
SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier. All of these retrofits are to be carried out in 2016. “SCF Novoship Technical Management required a BWTS that is highly effectively in extreme climate conditions, has low power consumption and is nearing completion of the U.S. Ecochlor's BWTS employs a two step process to treat ballast water. First, a filtration system removes sediments and larger organisms…
Deck Cooling While Transiting Panama Canal
Effective immediately, and until further notice, the Panama Canal Authority (ACP) will require transiting crude oil tankers, product carrier, and chemical tankers carrying cargoes with flashpoint of less than 18 deg. C, to cool their main decks with water by means of the on-deck water sprinkler system or any other means available in order to prevent automatic activation of their pressure relief valves during transit. The cooling of the main deck shall be performed between 1000 and 1600 hours while the vessel is underway at Gatun Lake or Gaillard Cut, or at anchor in Canal waters.
TEN Charters Tanker at 20% Premium
Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited (TEN) announced today a charter renewal of a handysize product carrier to a major state oil company for a period of 24 months commencing in September 2015 at a 20 percent premium to the previous rate. The latest charter, expected to generate approximately $13 million in total gross revenues, along with five charters announced last month for a suezmax crude tanker and four MR product carriers, increases the total minimum charter revenues of the fleet under secured employment to more than $750 million, the company said. “This new charter extension with its associated rate increase together with the recent announcement of the five charters is a confirmation that the tanker markets’ prospects remain strong.
FORAN for Pertamina's Future Ships
FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System. PERTAMINA, a company based in Jakarta, Indonesia, signed a contract with SENER Ingeniería y Sistemas S.A. (SENER) for the use of the FORAN FVIEWER application in the coming years. FVIEWER is part of the FORAN System, developed by SENER, and conducts an immersive navigation throughout the 3D model of the ship, allowing to query the model for properties and attributes, checking visual interferences and making annotations.
Marine Noise Emissions: Is it Your Next Regulatory and Environmental Hurdle?
A different kind of emission in the compliance spotlight – above and below decks. The International Maritime Organization (IMO) Sub-Committee on Ship Design and Equipment during its 2012, 56th session submitted a draft revised code on noise levels onboard ships. The code set out mandatory noise level limits for machinery spaces, control rooms, workshops, cargo blocks and accommodation spaces in an effort to address health and safety issues on board ships, ATB’s and/or tugboats.
G E Shipping Acquires a Supramax Bulk Carrier & Sells "Jag Prachi"
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month. Earlier yesterday the company reported having delivered its 1991 built General Purpose Product Carrier “Jag Prachi” (28,610 dwt) to the buyers on 23rd September, 2014. The company had contracted to sell the ship in August 2014. With the sale of "Jag Prachi" and the inclusion of the Supramax Bulk Carrier…
Realizing the Promise of Brazil Shipbuilding
If and when Brazil gets its maritime act together, oh what a shipbuilding market force it could be. The modern Brazilian shipbuilding industry was established in the 1960s, induced by a broad and effective governmental policy. The 1960s and 1970s saw the rise of the merchant marine and shipbuilding industry in Brazil. The creation of the “Merchant Marine Fund” and the “Tax for the Merchant Marine Renewal,” in 1958, together with other specific targets set by the government at that time…
Coast Guard, Stakeholders to Meet Disabled Tanker in San Francisco Bay
The U.S. Coast Guard, along with several federal, state and local partner agencies, have formed a safety and assessment team with the owners of the disabled tanker Pine Galaxy to ensure the safety of the ship's crew and finalize plans for the ship to be brought into the port of San Francisco for repairs. The 485-foot Bahamian registered ship experienced an engine room fire on Aug. 13 that resulted in the death of one crew member and the loss of electrical power and propulsion. The ship, a mixed-product carrier, is currently being towed toward San Francisco with a varying arrival time based on weather conditions and the speed of the tow. Cargoes include neutral oil, tetramer, propylene tetramer and vegetable oil.
San Francisco Port Prepares for Disabled Tankship Arrival
The U.S. Coast Guard informs that along with several federal, state and local partner agencies, it has formed a safety and assessment team with the owners of the disabled tanker 'Pine Galaxy' to ensure the safety of the ship’s crew and finalize plans for the ship to be brought into the Port of San Francisco for repairs. The 485-foot Bahamian registered ship experienced an engine room fire on Aug. 13 that resulted in the death of one crew member and the loss of electrical power and propulsion.
General Dynamics Reports 2Q 2014 Earnings
General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share. Second-quarter 2014 revenues were $7.5 billion. There is a charge in the quarter of $105 million in discontinued operations for the sale of a business within Combat Systems, which results in net earnings for the second quarter of $541 million, or $1.58 fully diluted earnings per share.