HMD Wins $77m LNG Shipbuilding Deal
Hyundai Mipo Dockyard (HMD) became Korea’s first shipbuilder to win an order for a small-to-medium-sized liquefied natural gas (LNG) carrier from a foreign shipping company, gaining momentum to pioneer the emerging small-scale LNG tanker segment.HMD signed a contract with Norway’s Knutsen to build a 30,000 cu. m. LNG carrier for $77 million, with an option for a second vessel of the same specification.The signing ceremony, held in Knutsen’s headquarters office based in Oslo, was attended by Hyundai Heavy Industries’ (HHI) President Ka Sam-hyun and Knutsen’s President Trygve Seglem along with others.The vessel on order from Knutsen is 180 meters in length…
Saras Invests in New Bunkering Terminal
Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020, its chief executive told Reuters.From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, in one of the biggest changes in the oil market in decades.Refineries around the world have been gearing up for the switch by reducing output of high-sulphur fuel and upgrading plants to maximize production of the cleaner…
Stolt-Nielsen LNG, Golar LNG and Höegh LNG in Joint $182 Million Investment
Stolt-Nielsen Limited (Oslo Børs: SNI), Golar LNG Ltd and Höegh LNG Holdings Ltd. announced a combined investment commitment of $182 million in Avenir LNG Ltd. to pursue opportunities to deliver LNG to areas of stranded demand, as well as the development of LNG bunkering capabilities.The investment will be contributed as cash and equity-in-kind and will fund the construction of six small-scale LNG carriers, a small-scale storage terminal and regasification facilities.Avenir LNG was formed by Stolt-Nielsen in 2017 to provide LNG to markets lacking access to natural gas pipelines.
Stolt-Nielsen Orders Small LNG Carriers
Stolt-Nielsen Limited subsidiary Stolt-Nielsen Gas B.V. (SNG) has contracted with Keppel Singmarine for the construction of two 7,500 cbm liquefied natural gas (LNG) carriers, with options to purchase three additional similar ships. The ships are to be built at Keppel Singmarine's shipyard in Nantong, China, with deliveries scheduled in the second and third quarter of 2019 respectively. The contract for the initial two ships is valued at approximately $80 million, including site-team costs and capitalized interest during construction. The ships will be capable of operating on either diesel fuel or LNG, with a class notation and technical capability for STS (ship-to-ship) bunkering, thus significantly enhancing their versatility.
GPH to Acquire cruise terminal
International law firm Watson Farley & Williams (“WFW”) has advised Turkey-based cruise port operator Global Ports Holding (“GPH”) on the acquisition of stakes in companies managing cruise terminals in Italy. Specifically, GPH acquired stakes in the companies managing the Cagliari (Sardinia), Catania (Sicily) and Ravenna (Emilia-Romagna) cruise ports, previously owned by Royal Caribbean Cruises Ltd. (“Royal Caribbean”), Aloschi&Bassani S.p.A. and Bassani Ravenna S.r.l. Royal Caribbean will retain a minority stake in all three companies and Cagliari, Catania and Ravenna ports will remain part of Royal Caribbean’s cruise itineraries. Founded in 2004…
Flogas Britain and Stolt-Nielsen announce LNG project for Rosyth
Flogas Britain, the UK’s leading liquefied natural gas (LNG) provider, and Stolt-Nielsen LNG Holdings Limited, a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI), a leading global provider of bulk liquid transportation and storage solutions, announced a joint project to explore bringing LNG to areas of Scotland not served by the existing natural-gas grid. The initiative is a step towards reducing the cost of energy for homes and businesses located off the national gas network.
Ivar Aasen Ready for Departure
(Singapore, 22 May 2016) The topside of Ivar Aasen field was completed on Sunday at the shipyard in Singapore and sailed to Norway shortly. The tire was delivered on budget and on time, which enables field development is on track to start production on December 1. "Ivar Aasen field is an important development on the Norwegian Continental Shelf and the Norwegian as operator . We are therefore very pleased to finalize the platform deck according to budget and on time. Work performed in Singapore are of high quality…
Italian Police Find Hashish Stowed in Cargo Ship Hull
Italian police found more than 20 tonnes of hashish with an estimated street value of 200 million euros ($230 million) hidden in the hull of a cargo ship, a statement said on Friday. Acting on a tip, finance police -- who help oversee border security -- boarded the ship at sea and diverted it to the port of Cagliari in Sardinia, where they spent more than 18 days searching before finally finding the drugs, according to a statement. During the search, police used cranes to move enormous blocks of granite carried by the Jupiter cargo ship, which is registered in the Cook Islands. They eventually found 821 packages of hashish weighing a total of 20.5 tonnes in a ballast tank in the bow of the ship. The ship's captain and nine crew members, all Syrian, were arrested, the statement said.
Stolt-Nielsen Buys Stake in Sardinian LNG Project
Stolt-Nielsen Limited announced today that its subsidiary, Stolt-Nielsen Gas B.V., has purchased 10 percent of the shares in HIGAS S.r.L., with an option to acquire up to 80 percent of the company. HIGAS is a joint venture between Gas and Heat S.p.A. and CPL Concordia Soc. Coop, with plans to build and operate an LNG terminal and distribution facility in the port of Oristano, Sardinia. The LNG is to be shipped to the terminal by LNG tankers and distributed to customers via pipeline and trucks. The terminal is expected to be completed in 2017. Commenting on the project, Andrew Pickering, President, Stolt-Nielsen LNG Holdings Ltd., said, "This joint venture represents SNL's third strategic investment in the LNG segment, where our focus is on meeting what we call 'stranded demand' for LNG.
Cruise Ships Cancel Tunisia Calls in Wake of Islamic Terrorists Attack
Cruise lines like Holland America, MSC Cruises, Costa Cruises, Star Clippers, Hapag-Lloyd Cruises and Aida Cruises have canceled all port stops to Tunisia for the rest of the year following the jihadist terrorist attack and massacre in the capital March 18th. Seventeen cruisers from Costa Cruises and MSC Cruises ships visiting Tunis for the day were killed in Wednesday's attack, which took place at the city's Bardo National Museum. More than 20 other cruisers were wounded. The…
Management Software Chosen for Fast Cruise Ferries
Italian cruise ferry operator Moby S.p.A. has chosen the RINA InfoSHIP software suite for managing maintenance and purchase processes across its entire 13-ship fleet. RINA InfoSHIP Maintenance and Purchase Module (MP), developed in cooperation with IB Software and Consulting, facilitates and reduces the costs of management of planned and unplanned maintenance, stocking and inventory. The package of software which Moby will deploy is the core of the InfoSHIP suite and is equipped with a range of features for encoding and building a model of the technical structure of the ship…
Ferry Unit SNCM to Seek Court Protection Next Week
France-Corsica ferry operator SNCM will file for court protection next week, a source close to the company told Reuters on Wednesday, which will clear the way for its shareholder Veolia to restructure its transport division. Water and waste firm Veolia and the French state, which together control SNCM, have said court protection from creditors is the only way to shield the loss-making ferry operator from two separate European Union state aid repayment claims totalling 440 million euros.
Marinevac Adds New Operator in Florida
Marinevac, specialists in the cleaning of vacuum toilet systems on board private and commercial vessels of all sizes ranging from yachts to cruise ships and naval vessels, announce new links with GC Marine Inc. and Pines Marine Consulting LLC, both established businesses in Fort Lauderdale, Florida. Marinevac has been operating in the Mediterranean for several years from their base in Palma, Mallorca. As part of the company’s expansion plans, Marinevac USA LLC will now be offering the Marinevac unique method of removing scale build up from marine waste systems. David Pines and Guy Clifford will be heading up the operation with the support of their local team. Marinevac USA LLC said it will be in a position to offer its new service on the U.S.
WESMAR Adds Dealer in Italy
Italy is a region marine electronics and equipment manufacturer WESMAR has served with its roll fin stabilizers and its stainless steel counter rotating bow and stern thrusters for many years. Today, WESMAR announced a further expansion into the Italian market with the appointment of Yachtalia of Massa, Italy, as its newest international dealer. Yachtalia joins a network of hundreds of WESMAR dealers around the world. The company is situated on the Mediterranean Sea between the western coast of Italy and the islands of Corsica, Sardinia and Sicily. According to WESMAR’s International Sales Manager Michael Vourtsis, Yachalia will work closely with WESMAR’s Southern Europe Operations Manager Pierre Marachel.
Saras Urges European Steps on Refining as Profit Slumps
Italy's Saras urged Europe to take steps to restore the competitiveness of the region's refining sector after it posted an 85 percent slump in its core earnings in the first three months due to weak refining margins. Europe's refining sector is facing growing pressure from increasing international competition, excess production capacity and weak domestic consumption. "We hope that the European Authorities will finally become fully aware that the competitiveness of this absolutely strategic sector is progressively being eroded…
VAVE Promises New Digital Reality
Maritime Communications Partner (MCP), the Telenor-owned on-board communications specialist, has announced the launch of VAVE, a unique digital business enablement platform for the cruise and ferry industry. The news follows the successful completion of an eight-month technical trial on the Corsica Sardinia vessel Mega Express Five. VAVE (Value Added Voyage Experience) has been conceived to bridge the digital divide between land and sea mobile behavior. By utilizing a vessel’s GSM signal and Wi-Fi network it creates a ship-wide onboard cloud that all mobile devices (smartphones…
State Aid to Saremar Ruled Illegal
After an in-depth investigation, the European Commission has concluded that part of the support measures that Sardinia had granted to the maritime company Saremar in 2011 and 2012 was incompatible with EU state aid rules. In particular, a capital injection not approved on market conditions and the compensation for carrying out certain maritime services have provided an undue economic advantage to Saremar that its competitors did not have. Saremar needs to pay back this undue advantage of around €10.8 million in total, to remedy the distortion of competition this has created. At the same time the Commission concluded that two letters of comfort issued by the Region did not guarantee any financial obligation of the company and did not therefore constitute State aid to Saremar.
Superyacht Operators' Fuel Tax Dodges Stymied
European Union tax revenue authorities are on the alert for any infringement of complicated bunker fuel tax regulations. Turn the key of one of the big ones and 10 minutes later you will have spent hundreds of Euros - and that is without even moving from the spot. Add some cruising speed to it and you will be burning at least €2,000 an hour at average speed, based on the current price of diesel in France and Italy. Fuel is obviously the single most expensive cost item of running a superyacht. Little wonder the realisation triggers various behaviours down there in the Med, some just heady and erratic, others downright rum and perverse.
New Fuels, New Rules & New Tools
Helping the Maritime Community adapt to strict emission regulations. What has changed during 2012 in the maritime world and how has it impacted industry? It is recent IMO Marine Environment Protection Committee (MEPC), changes. IMO has adopted amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL). These changes will have a vast and fundamental impact on the maritime industry and the world over the next few years. With new IMO regulations pertaining to emission control areas…
Prysmian to Develop First-Ever High Voltage Submarine Power
Prysmian to develop first-ever high-voltage submarine power link in Turkey to connect Asis and Europe across the Dardanelles Strait. The contract, worth € 67M, had been awarded to Prysmian by Teitas, the transmission utility company in Turkey. Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract worth a total of €67 million by the Turkish electricity transmission utility TEIAS for the design, supply, installation and commissioning of a high voltage submarine power cable link to connect Europe and Asia across the Dardanelles strait in Turkey. Once completed, the link will be the first high voltage submarine power cable link ever in the country.
Warship Destroys WWll Mine
HMS Ledbury was on patrol with a NATO task group off the Sardinian capital Cagliari when her sonar picked up a contact on the seabed. That prompted Ledbury's team to launch their remote-controlled robot mine disposal system, Seafox, which beamed back a live video feed to the warship's operation rooms. Seafox is used both to identify objects and also dispose of them, courtesy of the explosive charges it carries.In this instance, however, there was so much marine growth on the mine that it needed a first-hand inspection from Ledbury's specialist mine clearance divers.
Costa Concordia Crashes off Italy
In a surreal scene that has many eyewitnesses invoking the “Titanic” name, Italian cruise ship Costa Concordia ran aground and eventually tipped over after reportedly hitting a sandbar near the island of Giglio the evening of January 13, 2012 -- leaving several dead, injured, more than 50 missing, and many more questions as to how this could happen to a modern luxury liner. Here’s what we know from published media reports to date: Three people are confirmed dead after a cruise ship carrying more than 4,000 people ran aground off Italy. Most people reached land by lifeboats but some swam. As of Saturday, January 14, published reports indicate that between 50 and 69 people are missing, but Italian officials cautioned that the passenger list may not be fully up to date.
Corsica & Sardinia Ferries Award Onboard Communications Contract to MCP
Maritime Communications Partner (MCP) has strengthened its foothold in the Mediterranean through a major turnkey telecommunications contract with Corsica & Sardinia Ferries, one of Italy’s most prestigious ferry operators. The five-year contract covers Mobile Telephony, Mobile Internet, WiFi and VSAT for eight passenger ferries and plays a key role in supporting Corsica’s ongoing aims to provide crew and passengers with competitive wireless communications backed by a highly reliable quality cellular network.Corsica & Sardinia Ferries are one of the biggest operators on the Western Mediterranean Sea transporting about 3.5 million passengers annually aboard their ferries running to and from France and Italy to Corsica and Sardinia.