Marine Link
Friday, January 19, 2018

Ship Owners News

Seacor Announces JV with Cosco Shipping Affiliates

File photo: SEACOR Marine

Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).

French SMART PORT in Med Soon

Photo: Port of Marseille-Fos

The members of the SMART PORT steering committee adopted a first series of projects designed to take advantage of the digital transition with a view to affirming and consolidating the importance of the Aix-Marseille Provence Metropolis as a seaport. The steering committee also supported the creation of a program focusing on research and innovation: the Brain Port Community. This partnership will be based on a multi-party agreement between Aix-Marseille Université, the Port of Marseille Fos, the CCIMP, Métropole Aix-Marseille, and the PACA region.

MISHA to Install DESMI BWMS Fleet-wide

(Photo: MISHA Shipping)

Danish firm DESMI Ocean Guard A/S said it has finalized a contract to supply CompactClean ballast water management systems (BWMS) to the entire fleet of Turkish ship owner MISHA Shipping. The contract includes delivery of 10 CompactClean BWMS in sizes from 340 to 750 m3/h, with the first system to be delivered later in 2018 for the m/v Mohican currently under construction. MISHA Shipping is a privately held company with both shipping and shipyard activities. Its vessels are shallow-draft dry cargo vessels primarily designed for operations in Russian inland waters…

Norway SWF Dumps 3 Shipping Firms

Photo: Studio Fasching, Chittagong, Bangladesh, 2017 -  NGO Shipbreaking Platform

The Norwegian Central Bank  has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…

MAN's Part-Load Optimization a Fuel Saver

close-up on engine (Image: MAN Diesel & Turbo)

MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo. “We can deliver new engines pre-optimized or retrofit as necessary.

Enforcement of Charter Party Cargo Lien

The U.S. Court of Appeals for the Fifth Circuit ruled that a ship owner must perfect a cargo lien arising under a charter party before the cargo owner pays its freight. In the instant case, the cargo owner contracted with a middleman for the transport of various shipping containers. The middleman chartered a ship owned by defendant. The cargo owner paid the middleman, who neglected to pay the ship owner. The ship owner asserted a lien on the cargo. The court held that, in order to enforce a lien on cargo carried under a charter, the ship owner must perfect the lien by providing actual notice to the cargo owner before the cargo owner has paid under its bill of lading. Lykes Lines Limited v. M/V BBC SEALAND, No. 04-20057 (5th Cir.) (HK Law)

Young Shipowners Meeting Held in Capri

The opening of a program of dialogue for the creation of synergy through collaboration with the Association of Young Businessmen was one of the main matters discussed at the AGM of Young Ship-Owners held on October 6 on the island of Capri under the presidency of Mauro Rizzo. Giuseppe Mauro Rizzo said “I deliberately chose the autumn Young Businessmen’s convention to confirm the strong bonds which tie us to the Association of Young Businessmen. In fact we proposed the establishment of an exchange and confrontation of matters of common interest to our two associations to their president Marco Colaninno”. “There is no doubt that the theme…

AkzoNobel Wins Major Environmental Award

Mike Winter accepting award on behalf of AkzoNobel

AkzoNobel’s pioneering methodology for rewarding ship owners who use sustainable hull coatings has been named Environmental Leader Product of the Year for 2016. The award recognizes the introduction of the shipping industry’s first carbon credits methodology, which was developed by the company’s Marine Coatings business. Launched in 2014 in conjunction with The Gold Standard Foundation and Fremco Group, the scheme is based on ship owners converting existing vessels from a biocidal antifouling system to a premium…

Communications Look to Brighter Times in 2010

to go up, an Inmarsat service provider has claimed. Asad Salameh, President of World‐Link Communications, said ship owners and managers are ready to be sold the real benefits that onboard broadband communications can bring such as improved fuel savings, lower maintenance costs and a happier and better connected shipboard crew complement. “For a market that is coming out of the freeze, concern remains about a slow recovery. More than ever before ship owners and managers have to be sold on the benefits of broad band, and new services being proposed as operational costs remain a major concern,” he said. The maritime communications sector…

De Poli Tankers Extends VSAT Deal with Marlink

(Photo: De Poli Tankers)

Dutch ship owner De Poli Tankers BV has extended its contract with Marlink, securing high-bandwidth global communication using the Sealink Plus service for its fleet of eight chemical tankers and two gas tankers. De Poli Tankers' in-house ITC company, Maritime Performances BV, chose to retain the Sealink Plus service for the future as it combines high-bandwidth VSAT with unlimited L-band back-up in a single easy to manage bundle, Marlink said. De Poli Tankers first migrated to Marlink VSAT from L-band only communications in 2013…

FSL Trust Sells Vessel to Trim Debt

Photo: FSL Trust

FSL Trust Management, as trusteemanager of First Ship Lease Trust (FSL Trust), announces that the Trust has sold its chemical tanker, FSL Tokyo, for a cash consideration of US$13.8 million. FSL Tokyo is a 2006, Japanese-built, 20,938 DWT chemical tanker that has been deployed in the spot market. The net proceeds from this Disposal will be applied in full to the outstanding loan facility in 1Q2018. FSL Trust will record a related impairment charge of approximately US$9.0 million in 4Q2017.

Recovery for European Shipowners?

Pic: Maersk Line

European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly amid lower crude oil prices but some shipowners have been unable to take advantage of this because of the bunker clauses they agreed to. A bunker clause is an agreement between charterer and shipowner whereby the charterer pays for fuel at the port and then the shipowner reimburses the charterer for the fuel left in the vessel on its return…

News Flash! Greek Shipowners Prefer Bulkers

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014. As of June 2014, the number of Greek bulker purchases so far is 91, compared to 81 for the full year of 2012. The level of activity seen so far in 2014 would suggest Greek owners are on target to top the 199 bulker purchases completed in 2013. “The interest is much centered on bulkers and has become more and more explicit over the past two years…

FLAGSHIP-HCA for Hull Condition Forecasting

Photo courtesy Emmett & Smith

FLAGSHIP, the Pan-European maritime transport project part funded by the EU, has successfully developed software that can forecast the condition of a ship’s hull over time to help improve the efficacy of surveys and reduce the amount of time a ship is out of service. FLAGSHIP-HCA (Hull Condition Assessment) is designed to accurately predict the condition of a vessel’s structure, coating and components, enabling ship owners and operators to schedule maintenance in a more efficient manner and thereby reduce maintenance costs while improving safety at sea.

Dutch Insurers Want Security Guards

Last year the number of cases of piracy off the coasts of East and West Africa doubled, with 800 crew members being taken hostage, NRC.informs 'Dutch News'. The Netherlands' government does not allow ship owners to hire armed guards but it does provide soldiers as protection. However, the two organisations say there are not enough of them to protect all the ships sailing in the area. Other countries, such as Cyprus and Malta, do allow their ships to employ armed guards and the organisations say this will lead to Dutch ships choosing to sail under foreign flags which would be detrimental to the government as ship owners pay their tax to the country under whose flag they sail. Piracy costs insurers and ship owners a great deal, in ransom money, repairs to ships and damaged goods.

Hong Kong to Host Global Maritime Forum Inaugural Annual Summit

Photo: Global Maritime Forum

Hong Kong is chosen to host the Global Maritime Forum’s inaugural Annual Summit on 3-4 October 2018. The high-level meeting will convene key industry leaders with policymakers, experts, NGOs and other influential decision-makers and opinion shapers. Their task will be to share their ideas on the challenges facing the maritime industry and to develop practical proposals to optimise global seaborne trade, thereby increasing sustainable long term economic development and human wellbeing. “We look forward to welcoming the world’s maritime decision-makers to Hong Kong.

Hong Kong, Netherlands Sign Tax Pact

The Hong Kong government said on Thursday, it and the Netherlands had signed an agreement to exempt ship owners in the two places from paying double tax. "The agreement is beneficial to ship owners in Hong Kong and the Netherlands as it exempts owners of Hong Kong ships from paying tax levied on cargo loaded in the Netherlands, and vice versa," Secretary for Economic Services Sandra Lee said. Lee said Hong Kong already had similar agreements with the United States, mainland China and Britain and was discussing the issue with about 20 other countries, including Germany, Greece, Australia and Denmark. -(Reuters)

Nigeria, Turkey to Partner on Shipbuilding

Nigerian Shipowners’ Association

The Nigerian Ship owners’ Association (NISA) and Turkish Shipowners’ Association (TUSA) has flagged off a working rela­tionship to develop water transpor­tation and ship yards, in the Nigeria maritime sector. The Nigerian Shipowners’ Association (NISA), and the Turkish Shipowners’ Association (TUSA) have entered into a working relationship for the development of the Nigerian Maritime industry in the area of shipbuilding, repair and sharing of latest shipping technology. The TUSA President, Capt.

Höegh, Wallem Sign Ship Management Deal

Hoegh Autoliners senior management team with Captain Deepak Honawar, Wallem Singapore Managing Director, Jude Dias, Wallem Europe Safety Manager, and Simon Frank, Wallem Ship Management Commercial Director.

Höegh Autoliners signed a nine vessel ship management deal with Wallem Ship Management yesterday at the Höegh headquarters in Oslo, Norway. The ship management agreement cements a deal between the companies, with Wallem delivering technical and crew management to nine PCTCs from its Singapore base. Wallem broadened its ship management business to Singapore in 2013, complementing the company’s existing ship agency services in the city state, providing an attractive option for ship owners looking for access to Singapore’s maritime business advantages.

ICC: Beware Spurious Oil Fraud Claims

Photo: ICC

The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own. Such scams were previously confined to West Africa, ICC said, but now appear to have spread to other countries, as a case reported recently to the ICC International Maritime Bureau (IMB) shows. It involves a vessel that trades regularly into the Arabian Gulf.

Straightforward Safety from Schat-Harding

hooks and winches for any shipowner. designated by the shipowner. It is a new and unique service agreement. engineers authorised by the Original Equipment Manufacturer. with mixed equipment this is a particular problem. maintained equipment. status of their equipment online through the SHIELD database. system for lifeboats, davits and associated equipment. the life of the vessel. authorized by the Original Equipment Manufacturer. right parts, by the right people, on time.

Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance. This strategic partnership will ensure the supply and delivery of LNG to ship owners utilizing CME’s Emissions Compliance Service Agreement (ECSA) to convert to cleaner fueling.

Nigeria, Greece Sign Ship Acquisition Deal

Photo by Indigenous Shipowners Association of Nigeria

Nigeria and Greece have signed a deal that will enable Nigerian ship owners to own vessels that would be transferred to them by their Greek counterparts, reports Channels Television. Nigerian ship owners have reiterated their preparedness to partner their Greek counterparts on coastal trade and ship building in the country. To this end, the ship owners, under the auspices of the Nigerian Ship Owners Association (NISA), have sealed a partnership with some ship owners from Greece to bring in 40 vessels into Nigeria.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News