Marine Link
Friday, November 24, 2017

Romania News

Damen Buys shares in Daewoo Mangalia Heavy Industries

(Photo courtesy Damen)

Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of its majority share in Daewoo Mangalia Heavy Industries (DMHI). The Daewoo shipyard in Mangalia, Romania was established in 1997 as a joint venture between Daewoo and 2 Mai Mangalia Shipyard with Daewoo as majority shareholder. With the acquisition of the majority share in the shipyard in Mangalia, Damen takes the next step in strengthening its international shipbuilding and ship repair activities. The Mangalia shipyard is located on the Black Sea coast.

Research Vessel Launched for Angolan Fisheries Ministry

Fishery Research Vessel 7417 BaĂ­a Farta (Photo: Damen)

On November 9, Damen Shipyards Galati launched Baía Farta, a new Fishery Research Vessel (FRV) 7417 for the Angolan Ministry of Fisheries. The vessel's sponsor was Dra. Isabel Cristóvão, director of Gabinete de Estudos, Planeamento e Estatística. The FRV 7417 is suited to various purposes, including hydrographic operations, acoustics research, pelagic and demersal trawling, plankton, water, environmental and geographical sampling, oil recovery and emergency towing operations.

First Ever LNG Project in the Black Sea

According to an April 18 report from the Georgian Daily Independent Voice, Azerbaijan, Georgia and Romanian are jointly launching a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned Southern Corridor for Caspian gas to Europe. AGRI envisages transporting Azerbaijani gas by pipeline to Georgia’s Black Sea coast, liquefying it there, shipping the liquefied product by tankers to Romania’s coast, and delivering the re-gasified product into Romania’s pipeline system and onward to EU territory. (Source: Georgian Daily Independent Voice)  

Gazprom Scraps Plan to Cut Gas Deliveries

  Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said. "Our (pipeline operator) Transgaz was notified by Gazprom's office in Sofia that gas deliveries will be in line with normal levels," Nicolescu told state news agency Agerpres. Gazprom had notified Romania of the cuts on Friday. (Reporting by Radu Marinas, editing by John Stonestreet)  

Port Accident in Romania Kills Five

According to reports, five people were killed when a floating crane crashed and hit a tugboat in Romania's Black Port of Constanta. An inspector in Constanta said police and port emergency experts were investigating the cause of the accident, Romania's NineO'Clock daily reported Friday. The accident, which occurred Thursday, was the biggest in the busy freight port of Constanta in two years. Source: UPI

Lukoil Dismisses Money Laundering, Tax Evasion Claims

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PJSC LUKOIL has strongly denied accusations of money laundering and tax evasion brought against Petrotel-LUKOIL and its employees by the Prosecution Office under the Board of Appeal of the city of Ploesti, Romania. LUKOIL has been operating on Romania’s territory since 1998 and is one of the biggest fuel-and-energy companies on its market. LUKOIL is a prompt payer to the state budget and a supplier of quality products to the Romanian consumers. LUKOIL intends to appeal against…

Black Sea Boundary Delimitation

The International Court of Justice (ICJ) issued its decision in the maritime boundary dispute between Romania and Ukraine.  The parties have disagreed over the boundaries of their respective continental shelves and exclusive economic zones in the Black Sea to the south and east of Serpents’ Island since the Ukraine became independent.  The ICJ basically split the difference between the contending claims.  Romania v. Ukraine, General List No. 132 (ICJ, 3 February 2009). (Source: Holland & Knight)

MOL Appoints Agents in Romania and Ukraine

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, announced the appointment of a new shipping agent in Romania and Ukraine.   As of March 1, Amity Shipping will manage all MOL liner agency activities in Romania and the Ukraine.

USS Donald Cook Departs Aksaz, Turkey

Photo: United States Navy

The Arleigh Burke class guided missile destroyer USS Donald Cook (DDG 75) departed Aksaz, Turkey, Nov. 9 after conducting a regularly scheduled port call. While Donald Cook was in port, Sailors attended multiple planning sessions, a reception for participants and a press conference for exercise Dogu Akdeniz 2017. After departing Aksaz, the ship and crew participated in a photo exercise for Dogu Akdeniz. "Our time in Aksaz was a great experience," said Cmdr. Matt Powel, commanding officer of the Donald Cook. "Our first evolution after departing went without a hitch," Powel said.

Fincantieri to Delist Vard

Photo: Vard Holdings Ltd

Italian shipbuilder Fincantieri has proposed to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST). Fincantieri, which holds a 79.34 per cent stake in Vard through a subsidiary Fincantieri Oil & Gas, is now offering 25 Singapore cent per for every share it does not own, one cent more than its previous offer, which closed in January. "Under the Exit Offer, Fincantieri O&G will offer the shareholders of Vard SGD 0.25 in cash for each Vard share tendered in acceptance of the Exit Offer…

Romania Allocates Funds For Ship Maintenance

Romania's government reportedly allocated funds for the safe operation of ships belonging to state-run Navrom and Romline shipping companies and to rotate and repatriate their crews.

Romania and Britain Investigate Ship Deal

According to reports, Romanian and British anti-fraud officials said on Friday they were investigating a 2003 deal in which two used British naval ships were refurbished by defence company BAE Systems and sold to Romania. Romania's anti-graft watchdog said it launched an inquiry into the $214m deal to buy former Royal Navy type 22 frigates, HMS Coventry and HMS London, but did not specify which part of the deal was under investigation. It is said that British officials were looking into suspected corruption linked to the refurbishment deal for the ships, noting that in connection with its probe two people had been arrested and released without charge this week in London. Source: Reuters

U.S. Beefing up Black Sea Presence

The United States will strengthen its presence in the Black Sea region using part of a $1 billion fund promised to NATO allies on Russia's borders, and will continue to send warships to the area, Defense Secretary Chuck Hagel said in Romania on Thursday. Hagel is the latest high-ranking American official to visit Europe since Russia's annexation of Crimea, as Washington looks to reassure allies jittery about Moscow's intentions in its former Cold War backyard. The tour coincides with a visit by President Barack Obama to Poland this week, when he promised to increase military support for eastern European NATO members, including a $1 billion fund to support and train the armed forces of NATO states.

Bunkering Shares Sold To Overseas Shipping Stevedoring

Romania's privatization agency, the State Ownership Fund (FPS), is reported to have sold its stake in bunkering company Navcom to Yemen's Overseas Shipping & Stevedoring Co.

Daewoo May Sell Mangalia Shipyard to Damen

Last delivery of Crude Oil Tanker to Tsakos Energy Navigation. Photo: Daewoo-Mangalia Heavy Industries.

Daewoo Shipbuilding & Marine Engineering (DSME) will sell the subsidiary of Mangalia Shipyard Romania to a Dutch builder Damen Shipyard Group, reported local media. Damen already owns in Romania a shipyard in Galati. Korea Economic Daily also said that Damen is in talks to purchase the local shipyard from South Korean group DSME. Quoting unnamed sources, the reports say that on June 20, DSME completed its final talk with the largest shipbuilder of the Netherlands, on the sale of Mangalia Shipyards.

Training Vessel for Royal Navy of Oman Constructed at Damen

The Ministry of Defense in Oman has awarded Damen Shipyards Group a contract for the construction of a Sail Training Vessel (STV). The 87-metre square rigged, three-masted steel clipper and will take up her role as flagship. In addition to its key role of training young Omani navy cadets and officers, the new clipper will be deployed in a distinct diplomatic role and emphasize Oman’s centuries-old maritime tradition. Due for delivery in August 2014, the ship will replace the RNO’s current RNOV Shabab Oman and will be in the RNO Fleet. In March (2013) the ship’s keel laying ceremony took place at Damen Shipyards Galati (Romania). This was conducted by Rear Admiral Al Raisi, the RNO’s commander-in-chief. The RNO has an eight-strong overseeing team stationed in Romania.

Norwegians Buy Romanian Shipyard

Norwegian group Scandinor AS has signed a contract with Romania's main privatization agency, FPS, to acquire a majority stake in local shipyard Santierul Naval Braila. Scandinor is to acquire the State Ownership Fund's (FPS) full stake of 69.52 percent in Santierul Naval in a $9.3 million deal including investments spread over five years, FPS executive manager Alin Giurgiu said. He said the acquisition price represented around one third of the value of the deal, with investments worth some $6 million focusing on technology upgrades and environmental protection. Scandinor, Giurgiu said, will also take over Santierul Naval's debts, amounting to around $11.4 million, mainly to banks and suppliers. The yard designs, builds and repairs small- and medium-tonnage river- and sea-going ships.

Aker Brattvaag Acquires Romanian Yard

Norway’s Aker Brattvaag AS, a unit of Aker RGI signed a contract with Romania's main privatization agency to acquire a majority stake in a local shipyard. A statement from the State Ownership Fund (FPS) said that under the contract, the FPS sold its 69.999 percent stake in Santierul Naval Tulcea in a deal worth some $22.6 million, including investments. Two-year investments, mainly in technology and environmental protection, represents some 60 percent of the value of the deal. Under the deal, Aker also assumes the shipyard's debts, mainly to banks and suppliers, of $12.1 million. Santierul Naval Tulcea, based in the Danube port town of Tulcea, has a share capital of $6 million.

Multraship Buys Three More Tugboats from Damen

(Photo: Multraship/Damen)

Multraship and Damen Shipyards Group agreed on three new ASD (Azimuth Stern Drive) Tugs, all for delivery to Multraship in 2015. After delivery in Vietnam, scheduled for the end of first-quarter 2015, two state-of-the-art ASD Tugs 3212 will operate for Multraship as sister vessels to the 83-ton bollard pull Multratug 19, which was built by Damen in Romania and delivered in 2012. As part of Multraship’s fleet expansion an ASD Tug 2810 Hybrid is scheduled to be delivered in Romania in first-quarter 2015.

Scorpio Bulkers Continue Newbuilding Spending Spree

A Scorpio Bulker: Image courtesy of the owners

Scorpio Bulkers inc. announce newbuilding agreements for 3 Capesize dry bulk vessels for an aggregate of US$162-million from the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME). The three Capesize dry bulk carriers of 180,000 dwt each are to be built at DSME's subsidiary facility Daewoo Mangalia Heavy Industries S.A. in Romania. All these 180,000 dwt ships are to be built in Romania and are of the same specification with the first two to be delivered in Q4, 2014 and the remaining vessel later in Q1, 2016. About Scorpio Bulkers Inc. Scorpio Bulkers Inc.

Multraship Orders Two Damen ASD 2810 Tugboats

Signing ceremony: Photo credit Multraship

Multraship confirms its purchase of the two tugs now being constructed in Romania for delivery in June/July 2013. Contracts for the two tugs, to be named Multratug 26 and Multratug 27, were signed during the course of Multraship’s recent annual client gathering in Terneuzen. Multraship managing director Leendert Muller said, “The new tugs will be mostly engaged in harbour towage activities in the Zeeland Seaports and Antwerp areas. In addition to their primary duties, they will also be on standby…

Line Optimization: 10% Fuel Savings for Hapag-Lloyd

Wave elevation and pressure distribution on the optimized hull  (Photo: DNV GL)

Design changes made as a result of working with DNV GL has resulted in projected annual fuel savings of more than 10 percent for the new Hapag-Lloyd Cruises passenger expedition ships. The two vessels, HANSEATIC nature and HANSEATIC inspiration, are currently under construction at the Vard Shipyard in Romania and Norway and are expected to launch in April and October 2019. Brought in during the initial design and conception phase, DNV GL experts first created and explored more than 100,000 hull variations for the vessels.

ABS Creates Black Sea Technical Advisory Committee

More than 40 representatives from the shipping industry attended the inaugural meeting of the ABS Black Sea Technical Advisory Committee in Istanbul last week. The invitational Committee is formed from a wide range of senior representatives drawn from shipowners, shipbuilders, designers, vendors and academic and industry organizations domiciled in Turkey, Romania, Bulgaria and Ukraine. ABS maintains an extensive global technical committee structure which provides a forum for industry and the class society to exchange research and ideas that guide the refinement of the existing ABS Rules and provide guidance on future areas of technical research and standards development supportive of industry needs.

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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