Marine Link
Saturday, May 27, 2017

Coldharbour, Hansun Ink China Distribution Deal

From right to left: Andrew Marshall, CEO Coldharbour Marine Ltd (seated) and Graham Cole CBE, Chairman, Coldharbour Marine Ltd (standing). On the left, Jason Lee, General Manager, Hansun (Shanghai) Marine Technology (seated) and Simon Gu, Chairman, Hansun (Shanghai) Marine Technology (Photo: Coldharbour Marine)

Coldharbour Marine, developer of a unique in-tank, in-voyage and inert gas-based ballast water treatment system for large tankers, bulkers and LNG vessels, has signed an agreement with Hansun (Shanghai) Marine Technology Co Ltd covering the marketing and distribution of Coldharbour products in mainland China. The contract, finalized at a recent ceremony in Shanghai, is part of the companies’ joint preparations for the IMO’s Ballast Water Convention which enters into force on September 8 this year.

Scorpio Tankers Merges with Navig8 Product Tankers

Photo: Scorpio Tankers Inc

Scorpio Tankers has entered into definitive agreements to merge with Navig8 Product Tankers  and acquire Navig8’s 27 operating product tankers. Subject to the terms and conditions of these agreements, Scorpio will acquire four LR1 tankers prior to the closing of the Merger (the LR1 Vessel Acquisitions) and the remaining 23 tankers upon the closing of the merger in exchange for the issuance of 55 million shares of Scorpio common stock to the Navig8 shareholders. In connection with the LR1 vessel acquisitions, Scorpio will pay cash consideration of $42.2 million, which is net of assumed debt.

WSS: Digital Solution Focus @ Norshipping

(Image: Wilhelmsen Ships Service)

Wilhelmsen Ships Service (WSS) are bringing the maritime digital solutions of the future to life at Nor-Shipping. Unveiling their augmented reality (AR) project at the world’s biggest maritime show, this immersive, interactive tool enables visitors to view the company’s very latest products and systems, inside and out. Developed in conjunction with Austrian technology company Imagination Computer Serv. GesmbH, using their AR software ‘MagicLens’, visitors will download a reader app to their phones and scan a printed image to unlock the AR system.

Signs of Recovery Seen in Asian MR Market

File photo: Scorpio Tankers

A new lease of life has been breathed into the ailing Medium Range (MR) tanker market in Asia. The MR market has been mired in a slump in recent months, with TC11 rates sinking to a multi-year low of $240,000 in April on the back of lower product exports from China and South Korea. The lumpsum rate for TC11 has since rebounded by $50,000 to $290,000 due an influx of activity in North Asia. Overall Chinese product exports touched a three-month low at 3.5 mmt in April, down by 22.6 percent m-o-m and 4.9 percent y-o-y which contributed significantly to the previous decline in MR rates.

NaviPlanner: A New Formula for Voyage Planning

NaviPlanner  (Photo: Nautisk)

Aiming to change the way mariners manage back of bridge systems, Nautisk has developed NaviPlanner, an integrated end-to-end voyage planning solution which utilizes touch-screen functionality and uses cloud technology based on the Microsoft Azure platform. Head of Nautisk’s product development and technical team Kjetil Bentsen said, “NaviPlanner is designed to make the operational task of planning and managing voyages a simpler, more effective process, from start to finish. Using compliant navigational chart data and digital publications…

MXB Begins Physical Operations in Mumbai

Photo: MXB

Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies. The company will provide physical products at Mumbai’s Outer Port Limits (OPL), servicing vessels that are waiting to berth, as well as vessels making bunker-only-calls.

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/ Contact Joe Keefe with questions at: keefe@marinelink.com

Scorpio to Sell Two MR Product Tankers

Photo: Scorpio Tankers Inc

Scorpio Tankers, provider of marine transportation of petroleum products, announced that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers (STI Sapphire and STI Emerald) for approximately $56.4 million in aggregate. The sales are expected to close in June 2017 at which time the Company will repay the outstanding secured debt for these vessels of $27.6 million in aggregate. The Company will record a write-down of approximately $9.3 million during the second quarter of 2017 in connection with the entry into this agreement.

LUKOIL Marine Cylinder Oil Approved by MAN and WinGD

Photo: Lukoil Marine Lubricants

Ready for the 2020 sulphur cap? There is a big change in fuels ahead of us and the fuel suppliers are busy looking into several options. However, regardless of whether de-sulphurisation, MGO or distillate blends or any predominantly hydrocarbon blend with a maximum of 0.5 percent sulphur content or a 0.1 percent limit in ECA - “We are ready,” said Stefan Claussen, Technical and Marketing Director of LUKOIL Marine Lubricants. In order to offer the best possible lubricant solutions in the years leading up to 2020 and beyond…

Volvo Penta Appoints Midwest Marine Sales Partner

Image: Volvo Penta

Further building its network of Power Centers and distribution partners to support its commercial marine business in North America, Volvo Penta of the Americas has appointed Interstate Power Systems as a strategic commercial marine partner for Minnesota, Wisconsin, Iowa, Illinois and upper Michigan. Interstate Power Systems was founded in 1957 and currently has four primary divisions providing products and services at more than 20 locations across the upper Midwest. Volvo Penta…

Gulf Petrochem Sets Up Russian & Baltic Trading Desk

Boris Kuftyrev (Photo: GP)

Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam. Kuftyrev has in-depth knowledge and experience having previously held the position of head of sales at Gazpromneft Marine Bunker ltd. He joins GP’s ever expanding back-to-back bunker team and will specifically look to develop the group’s presence in the Russian and Baltic region.

EALs Rise Up on Deck

The next critical area of consideration for the use of Environmentally Acceptable Lubricants is on deck. What’s leaking into the water from your cranes and winches? Vessel fleets face an increasing number of environmentally-focused regulations, adding complexity to their operations and creating urgency around compliance. These regulatory requirements, however, do not offset an operator’s need for products that perform consistently well. With the right Environmentally Acceptable Lubricants (EALs)…

Canada Rolls Out Oil Tanker Moratorium Act

Infographic: Transport Canada

The transportation system is something Canadians rely on every day, from getting us to work, or bringing us the products we use in our homes. The Government of Canada is working to ensure that goods are transported in a safe and responsible way while protecting our marine environment and clean water. "The Government of Canada is committed to demonstrating a clean environment and a strong economy can go hand-in-hand. Tabling this legislation is another step towards fulfilling our promise to formalize the tanker moratorium on British Columbia's north coast.

ICC Calls for Global Guidance on Return-Refill Container Systems

Image: CMA CGM

Shipping goods across borders with reusable containers and tracking systems is better for the environment, consumers and companies yet differential treatment by customs authorities can be detrimental for business. The volume of goods shipped globally has reached impressive proportions in recent decades. Goods moved annually by ship alone weigh more than 10 billion tonnes, or 15 times the weight of all cows on Earth. The estimated value of global trade has increased tenfold since 1979 to more than US$16 trillion, a figure close to the GDP of the world’s biggest economy.

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/   Contact Joe Keefe with questions at: keefe@marinelink.com

Maersk Fluid Technology Sees SEA-Mate Order Influx

Photo: MFT

Maersk Fluid Technology (MFT) has reported a recent influx of orders for its SEA-Mate Blending-on-Board (BOB) system as confirmation of industry demand for technological solutions that enable ship operators to blend fit-for-purpose cylinder lubricant compositions on board their vessels that match actual engine operating conditions and fuel sulphur levels. The use of this type of technology can reduce cylinder oil consumption and alleviate issues such as cold corrosion and excessive cylinder wear, according to MFT.

d'Amico Bullish on Product Tankers

d'Amico International Shipping believes that the supply-demand balance in the product tanker freight market is improving. The key drivers that should affect the product tanker freight markets are (i) global oil supply (ii) the crude oil price and refinery margins (iii) demand for refined products and (iv) the product tankers fleet growth rate. The International Energy Agency, in its 2017 Oil Market Report (OMR), published in March 2017, forecasted annual global demand growth to average 1.2 million b/d, or 1.2% per annum, from 2016-2022, corresponding to an increase in the period of 7.3 million b/d. From an average of 96.6 million b/d in 2016, global demand is expected to rise to 103.8 million b/d by 2022.

Cuban Refined Oil Product Exports Drop Sharply

Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela. The UN Comtrade annual report put the value of Cuban fuel exports last year at $15.4 million, compared to more than $500 million in 2013. The amounts for 2015 and 2014, when oil prices collapses, were $163.5 million and $336.8, respectively. The figures were based on import data from reporting countries, which may make them incomplete. The communist-ruled Caribbean nation does not publish oil-related export information. Cash-strapped Cuba reported its exports of goods…

Hempel: New Coatings for Offshore Structures

Photo: Hempel

Hempel has launched two new advanced coatings specifically developed to protect the vulnerable “splash zone” areas of offshore structures. The “splash zone” is the area of an offshore asset (oil & gas platform or wind turbine, for example) that is just above the waterline and so suffers from the dual impact of atmospheric and immersion-type corrosion; as well as physical damage such as abrasion and impact, especially in areas around boat landings. Launched in Europe today, Hempadur…

Baltic Exchange Names Sykes Chief Commercial Officer

The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be joining the team. She has global shipping experience with a strong focus on the derivative markets and data products.

Maran Tankers Chooses Q88VMS

Photo: Maran Tankers Management

Greek oil tanker shipping company Maran Tankers Management has selected a cloud-based voyage management system to manage its chartering and commercial operations. Q88VMS, the latest product in Q88 LLC’s portfolio, is a web-based platform for managing all voyage related information. It will allow Maran Tankers Management to operate its growing fleet seamlessly across its various offices without disruption or delay, the developer said. “Q88VMS’ integrated approach to managing the voyage chain was a huge factor for our company…

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.   Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/   Contact Joe Keefe with questions at: keefe@marinelink.com

ISF Watchkeeper Upgraded

Image: ISF & IT Energy

The International Chamber of Shipping (ICS) and IT Energy have announced the launch of the latest release of their acclaimed ISF Watchkeeper software – ISF Watchkeeper 3.5 – developed for maintaining records of individual seafarers’ work hour records, as required by IMO and ILO regulations, and to help prevent crew fatigue and to avoid issues with Port State Control. This major upgrade, which is available free of charge to existing ISF Watchkeeper users on over 8, 000 ships worldwide, has been designed to reflect the evolving needs of those at sea and managers ashore.

Maritime Reporter Magazine Cover May 2017 - The Marine Propulsion 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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