GloFouling Partnerships Project in East Indian Ocean
"The introduction of invasive aquatic organisms into new marine environments not only affects biodiversity and ecosystem health, but also has measurable impacts on a number of economic sectors" said Lilia Khodjet El Khil, head of the International Maritime Organization (IMO)-led GloFouling Partnerships project.The GEF-UNDP-IMO GloFouling Partnerships project has concluded two workshops, one in Madagascar and one in Mauritius (19-21 August), two of 12 lead partnering countries whose aim is to protect marine biodiversity by addressing biofouling.During the first workshop…
Estonia's Eesti Energia to Import Novatek Gas
Estonia's energy group Eesti Energia is all set to import gas from Russia's largest private gas company Novatek via Lithuania's LNG terminal based in Klaipeda, which is operated by KN, in September.The contract with the new Klaipeda LNG terminal user was signed on Thursday. It is planned that the first cargo of Eesti Energia in the history of Klaipėda LNG Terminal will arrive in Klaipėda at the end of September. “The contract signed with Eesti Energia confirms that the conditions for using our reliable terminal satisfy the users of the terminal and natural gas users in Lithuania and abroad.
DP World Profits Up 27% in H1 2019
Dubai International Ports Group (DP World) announced a strong financial results for the first six months of the year ended June 30, 2019 and its profits soared by 27% to US$753.Acquisitions and growth in non-containerized revenue helped revenue climb to $3.46 billion, although on a like-for-like, constant currency basis the revenue increase was 11 percent, said the Dubai-based company.Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “DP World is pleased to report like-for-like earnings growth of 22% in the first half of 2019 and attributable earnings of $753 million.
Interview: Todd Fuller, President, Associated Terminals
Associated Terminals runs an impressive mid-stream cargo handling operation on the Lower Mississippi River, unloading bulk carriers with high-efficiency cranes loading a carousel of barges. Maritime Reporter & Engineering News/MarineLink.com spent some time with Todd Fuller, President, Associated Terminals to discuss the operation.For those not in the know, provide an overview of the Associated Terminals assets in your New Orleans midstream cargo ops.Associated Terminals operates 13 deep draft midstream berths and 11 deep draft fixed dock facilities on the lower Mississippi River.
DNV GL Launches Renewables Certification Ops in U.S.
With the U.S. offshore wind industry poised for rapid growth, DNV GL has established a Renewables Certification office in Medford, Mass., to meet the growing demands for certification services. While the U.S. is still a generation behind Europe in the exploitation of offshore wind energy resources, it could catch up quickly, as, according to the U.S. Department of Energy (DOE), there is the potential to install 22,000 MW of offshore wind projects in the U.S. by 2030. Much of this activity is taking place in the Northeast…
ESG Delivers Fifth Vessel Since Hurricane Michael
On August 16th, 2019 Eastern Shipbuilding Group, a Panama City, Florida shipyard building both government and commercial vessels, successfully delivered the tug Capt. Jim McAllister. This is the fifth vessel to be delivered by the shipyard since Hurricane Michael, a category 5 storm – which devastated the region. This delivery marks another milestone in Eastern’s accelerated return to normal operations, as well as its commitment to long term sustained recovery and economic stability for the industrial base of the Florida Panhandle.
Damen Wins UX Design Award
Damen Shipyards Group won an award for the Human Machine Interface that it has been developing over the past two years for its Next Generation Tug Series. The UX Design Awards are intended to honor innovative solutions that add value to applications, technologies and services through positive experiences, thereby strengthening people's abilities, enabling novel applications and facilitating access to new fields of knowledge.The Human Machine Interface (HMI) developed by Damen in partnership with VanBerlo has won a Product 2019 Award.
Triton Knoll Selects Seacat for OESV
Offshore energy support vessel (OESV) operator Seacat Services signed a deal to support the construction phase of Triton Knoll offshore wind farm.The contract, which includes options for further vessel charters, will initially see two Seacat Services OESVs – one 26-meter and one 24-meter catamaran – operating out of Triton Knoll’s new Grimsby construction base, providing specialist crew transfer and logistical support at the 90-turbine, 857MW project off the UK’s East Coast.With offshore construction set to commence in Q1 2020…
Konecranes Retrofits Crane in DP World Liège
Konecranes Port Services, the team of crane and lifting engineers, software developers and product technicians, will retrofit electrification to a Model 2 Konecranes Gottwald Mobile Harbor crane in DP World’s Liège Container Terminal in Belgium, lowering the terminal’s local emissions and noise.The Port of Liège, strategically located along the Meuse river in eastern Belgium, is the third-largest river port in Europe, directly linked to both Antwerp and Rotterdam.The DP World Liège Container Terminal (DPW LCT) is the only trimodal terminal in Wallonia…
Topaz Revenue Climbs
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million from a $4m loss recorded at the end of first six months of 2018.Earnings before interest taxes, depreciation and amortization rose by 83 percent to $141m in the first half.The global ports operator DP World acquired Topaz from Oman's…
ZIM Back in the Black
Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…
TOP Ships in 1-for-20 Reverse Stock Split
Greek provider of oil, petroleum products and chemicals transportation services TOP Ships Inc. announced that it has determined to effect a 1-for-20 reverse stock split of the its issued common shares.The Greek company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company's Annual Meeting of Shareholders held on August 7, 2019.The reverse stock split will take effect…
Sea Machines Demonstrates Autonomous Spill-Response Vessel
As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry, and today the company demonstrated its ability to increase the safety, productivity and predictability of response for marine oil-spill operations.
C&C Marine Celebrates 100th Barge Blasted
Just nine months after opening their new Robotic Paint and Blasting facility C&C Marine and Repair has announced the blasting of its 100th barge. “We knew we had the capability to blast and paint barges quickly and efficiently, but what we’ve been able to accomplish in these first nine months has exceeded our expectations in both speed and quality of blast” says C&C Marine and Repair’s owner, Tony Cibilich. The 83,350 square foot facility can accommodate barges up to 320’x75’ and has the capability to blast and paint a standard 30…
Gulf Marine CEO Quits in wake of Profit Warning
Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down.The Abu Dhabi-based offshore services specialist said a review by new finance chief Stephen Kersley of its large E-class vessels operating in Northwest Europe and the Middle East pointed to 2019 core earnings of between $45 million and $48 million…
Scotline Orders Third Newbuild
U.K based shipping company Scotline Marine Holdings announced that it has ordered a third newbuild vessel from Dutch shipyard Royal Bodewes which is due for delivery by the end of 2020."The new vessel will adopt the name ‘Scot Ranger’ which has not been used since we sold the previous vessel last year," it said.This vessel will be a sister to the Scot Carrier (launched November 2018) and the Scot Explorer (due for launch November 2019).Although the same design of vessel, the new Scot Ranger will be ice class 1A.
Sailors' Society Welcomes Greek Ambassador
The international Christian charity working in ports across the world Sailors’ Society has welcomed a new Greek Ambassador to its fold ahead of the maritime charity’s plans to further expand its existing work in Greece.Costis Frangoulis, CEO, President and Founder of Franman, which provides ship building, consultancy and security services, is the latest industry figure to lend his support to the 201-year-old welfare organisation.Costis said: “I am extremely proud to have been appointed as an Ambassador of Sailors' Society in Greece.
Fitch Affirms Panama Canal 'A' Investment Grade
For the fourth consecutive year, Fitch Ratings has affirmed the Panama Canal's 'A' investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes.The credit rating agency noted that the Panama Canal is "an underlying asset that is critical not only for Panama, but for international commerce, as demonstrated by its stable volume performance, solid competitive position, and well-diversified cargo mix," causing the Panama Canal volume profile to exhibit high levels of resilience.In addition…
BBC Chartering Appoints Ulrichs as CEO
German shipping services company BBC Chartering has announced that Ulrich Ulrichs has taken over the CEO position from Svend Andersen as announced in May of this year."The shareholders would like to thank Svend Andersen for his many years with BBC Chartering and his contribution to develop and grow the company to become the market-leading operator of multipurpose and heavy lift vessels," said a press note from the operator of multipurpose and heavy lift vessels.Ulrich Ulrichs…
ExxonMobil's Mobilgard 540 Cylinder Oil Available
ExxonMobil has announced its new 40BN cylinder oil, Mobilgard 540, will be available from September 2, 2019. The lubricant has been specifically formulated for use with 0.50% sulphur fuels that comply with the International Maritime Organization’s (IMO) 2020 emission regulations and meets the requirements of OEMs, MAN ES and WinGD.Mobilgard 540 will be available from launch in major ports around the world including Hong Kong, Singapore, Antwerp, Rotterdam and Amsterdam. It will also be offered at additional locations through ExxonMobil’s delivery network, in bulk and in packs.
VT Group Awarded U.S. Navy Contract
VT Group, a premier middle-market technology integrator and C4ISR solutions provider, has been named by Naval Information Warfare Systems Command (NAVWAR) as one of six award winners for an indefinite delivery, indefinite quantity (ID/IQ) contract. VT Group will compete for work in the areas of Afloat installation and integrated Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems aboard the Navy’s growing Fleet of surface ships and submarines. The contract vehicle has a ceiling value of $2.45 billion over a five-year base period and one five-year option period.VT Group has a 50-year history providing the U.S.
MAN ES Expands its Digital Network
MAN Energy Solutions and Samsung sign strategic digitization agreement MAN Energy Solutions and Samsung Heavy Industries Co., Ltd. have signed a strategic cooperation agreement for the digitization of marine engines. Together the companies want to define a framework for a long term strategic cooperation in order to develop technologies and systems for the digitization of marine engines.“Digital technologies and the business models based on these technologies will transform the maritime industry.
ThyssenKrupp Expands EU Logistics Network
German industrial group thyssenkrupp AG. Materials Services is investing around 70 million euros in the modernization and expansion of its European warehousing and logistics network.A state-of-the-art logistics center and new warehouses are to be built in Germany, Poland and Hungary, said thyssenkrupp Materials Services.The distribution and service provider of the thyssenkrupp Group said that the investments are an important part of thyssenkrupp Materials Services’ strategy.