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Monday, March 19, 2018

Shipbuilding News

CMA CGM Expects Volumes to Remain Strong in 2018

File photo: CMA CGM

Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines, reported on Friday a $701 million net profit for last year, confirming its turnaround after a shipping downturn in 2016 when it suffered a $452 million loss. "We are rather optimistic about 2018, despite the geopolitical problems," Chairman and CEO Rodolphe Saade told Reuters by telephone.

Another Maersk Containership Catches Fire

File photo: Maersk Line

U.S. flagged containership Maersk Kensington reported a fire in a cargo hold while en route from Salalah, Oman toward Suez. The fire is the second reported aboard a Maersk vessel this month. The fire has been contained and all 26 crew members are reported safe and accounted for, according to A.P. Moller-Maersk. The vessel is carrying 3,518 containers (corresponding to 5,616 TEU) and is currently at anchor outside the port of Salalah where it is receiving assistance from shore. The 6,188 TEU Maersk Kensington is owned and operated by Maersk’s U.S. subsidiary Maersk Line, Limited (MLL).

Construction Begins on Saudi Aramco's Shipyard Joint Venture

Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, oil rig builder Lamprell Plc said in a statement on Friday. The joint venture, International Maritime Industries (IMI), started operations after reaching agreement for a loan from the state-backed Saudi Industrial Development Fund (SIDF), the statement said. The SIDF agreed in principle last year to provide 3.75 billion riyals ($1 billion) in financing for the project. IMI is a partnership between United Arab Emirates-based Lamprell, state oil giant Saudi Aramco, National Shipping Co of Saudi Arabia (Bahri) and South Korea's Hyundai Heavy Industries Co.

Korea Lines orders two VLCCs at Hyundai Heavy

Photo: Hyundai Heavy Industries (HHI)

South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the  2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…

LCS 16 Completes Acceptance Trials

USS Tulsa (LCS 16) during acceptance trials in the Gulf of Mexico (Photo: Austal USA)

The U.S. Navy’s next Independence-variant Littoral Combat Ship (LCS), Tulsa (LCS 16), has moved a step closer to deliver with the completion of acceptance trials on March 8. An industry team led by shipbuilder Austal USA performed comprehensive tests while LCS 16 was underway in the Gulf of Mexico in order to demonstrate to the Navy the successful operation of the ship’s major systems and equipment. LCS 16 will be the eighth Independence-variant LCS built by Austal for the U.S. Navy and the second delivered so far in 2018.

Hapag-Lloyd Cruises to name HANSEATIC inspiration

Expedition ship, the HANSEATIC Photo courtesy  Hapag-Lloyd Cruises

Hapag-Lloyd Cruises will hold the naming ceremony for its second expedition ship, the HANSEATIC inspiration on October 13, 2019 against the backdrop of the Belgian port city of Antwerp. It will be the first time in the city’s history that an ocean-going cruise ship has been christened in Antwerp. The announcement was made at lunchtime today by the CEO of Hapag-Lloyd Cruises, Karl J. Pojer, who spoke to invited representatives of the press and the Deputy Mayor of Antwerp, Koen Kennis.

Kuwait Oil Tanker Signs Financing Deal for 8 Tankers

Photo: Kuwait Oil Tanker Company S.A.K

Kuwait Oil Tanker Company (KOTC) said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported. The 10-year financing was obtained from Warba, Ahli United and Kuwait International banks, KUNA said. Earlier, KOTC and South Korean construction firm Hyundai Heavy Industries have co-signed a contract worth USD 213.36 million to build three immense gas tankers, as part of a major KOTC fleet overhaul.

USS Colorado Commissioned

U.S. Navy photo by Mass Communication Specialist 1st Class Steven Hoskins/Released

Colorado is the first submarine to bear the name and third vessel to be named for the state and was brought to life by her sponsor, Annie Maybus Mabus, daughter of the 75th Secretary of the Navy Ray Mabus. "To the crew of USS Colorado, this is your day" said Mabus, addressing the crowd and ship's company during the ceremony. "The commissioning crew truly does bring life to the boat. As the most modern and sophisticated attack submarine in the world, the submarine can operate in…

Gulf Island Wins $63.5m Navy Deal for T-ATS

Gulf Island Shipyards LLC, Houma, Louisiana, is being awarded a $63,560,942 firm-fixed-price and fixed-price with economic price adjustment contract for the detail design and construction of the Towing, Salvage and Rescue Ship (T-ATS). This contract includes options for seven additional vessels which, if exercised, would bring the cumulative value of this contract to $522,701,092. Work will be performed in Houma, Louisiana (92 percent); Hampton, Virginia (5 percent); Stord, Norway (2 percent); and New Orleans, Louisiana (1 percent), and is expected to be completed by September 2020. Fiscal 2016 shipbuilding and conversion (Navy) funding in the amount of $63,560,942 will be obligated at time of award and will not expire at the end of the current fiscal year.

Baltic Index Slips to Three-week Low

(Photo: Eric Haun)

The Baltic Exchange's main sea freight index fell to over three-week low due to sagging demand for larger capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 7 points, or 0.61 percent, at 1,143 points. It fell for the fifth straight session to its lowest since Feb. 20. For the week, the index fell nearly 5 percent, registering its biggest weekly fall since the week ending Feb. The capesize index lost 35 points, or 2.83 percent, at 1,203 points.

Brazilian Grain Producers Explore Increased Use of Panama Canal

© DazGee / Adobe Stock

Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority's chief administrator said. The canal's administration is looking to increase its participation in rising Brazilian grain exports, since a large part of grain trade expansion in Brazil is via new terminals in the northern part of the country, which are closer to the canal.

Mitsui Delivers Bulker to Ostria Marine

M.V. CHRISTINA Photo Mitsui Engineering & Shipbuilding

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. "CHRISTINA" (MES Hull No.1919) at its Tamano Works on 15th March, 2018 to Ostria Marine Co., Marshall Islands. This is the 16th ship of our "neo66BC", the "wide beam shallow draft vessel" of our line-up “neo series”. Service Speed abt. * The vessel has four (4) cranes and five (5) cargo holds, and keeps the superior usability of our 56BC. * The vessel is designed to have enough deadweight more than 66…

Tulsa (LCS 16) Completes US Navy Acceptance Trial

Future USSTulsa (#LCS 16) successfully completed acceptance trials March 9 in the Gulf of Mexico. Photo Austal

Austal today announced the eighth Independence Class Littoral Combat Ship, the future USS Tulsa (LCS 16), has successfully completed acceptance trials in the Gulf of Mexico. This is the last significant milestone required by the US Navy prior to delivery of the vessel. Austal, working with Navy and industry, ran comprehensive acceptance trials demonstrating the successful operation of the ship’s systems and equipment. LCS 16 will be the second Independence-variant LCS delivered by Austal into service for the Navy this year.

Port of Gothenburg: Sustained Growth in Ro-Ro Operations

Working in collaboration with several North European ports, the Port of Gothenburg is hoping to link up more destinations as part of intermodal collaboration that will contribute to a more efficient, climate-smart logistics system. Photo: Port of Gothenburg.

Ro-ro operations at the Port of Gothenburg are looking bright, with sustained growth three years in succession. There has been an increase of 10 per cent over the past year alone, with the number of units currently standing at 593,000. But there is still potential to raise the bar even further by switching a higher proportion of freight from Norway to Gothenburg from land to sea. It is hoped that closer collaboration between the ports in Hirtshals, Kristiansand, Larvik, Grenland…

Vigor Wins $35m Navy Contract

Vigor Marine LLC, Portland, Oregon, is being awarded a $35,000,000 firm-fixed-price, indefinite-delivery/indefinite quantity contract to prepare for and accomplish repair and alteration requirements in support of upcoming dry-docking selected restricted availabilities (DSRA) for DDG 51-class destroyers. This contract will support the dry-docking and facility support requirements for a DSRA and includes dry-docking support, office spaces, warehousing, lay-down, security, crane support, utilities, galley services and other ship’s force support. Work will be performed in Seattle, Washington, and is expected to be completed by September 2020.

Detyens Wins $9.1m Navy Contract

Detyens Shipyards Inc., North Charleston, South Carolina, is being awarded a $9,125,537 firm-fixed-price contract for a 42-calendar day shipyard availability for the mid-term availability of USNS John Lenthall (T-AO 189). Work will include JP-5 contaminate tank painting, diesel fuel marine contaminate tank painting, king post cracking repair stations 4&6, starboard main engine 12K overhaul, main switch board circuit breaker repair, thermograph and switch board and motor control cleaning repair, wire way collar repacking, evaporator replacement, walk in freezer box installation replacement, Gaylord hot water tank install, smoke stack indicating system…

MSC Improves Cargo Transit Between Seville and the Atlantic

Photo:  Mediterranean Shipping Company

MSC Mediterranean Shipping Company, a global leader in transportation and logistics, is pleased to announce the launch of a new freight rail service between Seville, Spain, and the Atlantic, beginning 4 April 2018. The service is expected to run daily between Seville’s inland maritime port – Puerto de Sevilla – and the major coastal port hub of Sines, Portugal, with a capacity of more than 100 TEU (twenty-foot equivalent unit) per return journey. Shippers will have the possibility to obtain customs clearance for cargo at Seville’s inland maritime port…

Dellner Brakes: Serving Inland and Coastal Waterways Markets

A luffing and trolley travel hoist for bagged material used by two vessel loaders at Lake Charles, Louisiana. The hoists are fitted with Dellner SKP service brakes with mounting stands installed between the hoist motors and the reduction gears. The brakes were also manufactured with extra protection to prevent corrosion from sea water.

Dellner provides a range of clutch and braking products for the inland (brown water) and coastal workboat markets. Dellner products are used in a wide range of workboats including tugs, fishing boats and coast guard vessels. Major customers include US Seafoods, Trident Seafoods, Pesca Azteca, Frabelle Fishing, Western Rivers, ARTCO, Campbell Transportation, Moran Towing, Crowley Maritime, Excell Marine, Hunter Marine, Canal Barge, Andrie, Foss Maritime, Kirby Corporation, Sause Bros and Seaspan.

MARIC to Use Lloyd's Register Design Software

Marine Design & Research Institute of China (MARIC), a subsidiary company of China State Shipbuilding Corporation group (CSSC), has signed a licence agreement with Lloyd's Register (LR) for use of their ShipRight FastTrack software. ShipRight FastTrack assists ship designers with the increased requirements demanded in Finite Element Analysis (FEA). Under the latest IACS and Classification Rules the scope for FEA requirements is increasing and initial structural designers need to spend more time on FEA as a result. Time savings can be made with the use of this software that can generate the qualified FE mesh model quickly from 2D/3D plans without the need for excessive and expensive human intervention.

MPC Container Ships Acquires 5 Feeder Vessels from Simatech

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash.    MPC said it will establish wholly-owned subsidiaries to take over the five vessels, which include Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).   Physical takeover is expected in the first half of 2018, lifting the MPC Container Ships fleet to 64 feeder units.   MPC Container Ships was formed in April 2017 and owns and operates a portfolio of containerships between 1,000 and 3,000 TEU.

Importers Buy U.S. Corn at Record Pace

Dry bulk barges underway on U.S. waterways (Credit: AWO)

Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil, two of the three largest exporters, have opened a window of opportunity for top supplier the United States, which has the largest available surplus for export. The shopping spree comes as a rare bit of good news for U.S.

Hong Kong's Richest Man Li Ka-shing Retires

File Image: A Hong Kong Container Terminal. (CREDIT: AdobeStock / (c) Marco 2811)

Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close a rags-to-riches story that made him a hero in the freewheeling capitalist hub. Li, 89, will retire after the annual general meeting on May 10, the ports-to-telecoms conglomerate said in a filing to the Hong Kong bourse, passing the mantle to his eldest son Victor Li, who was named successor several years ago.

Hamburg Welcomes Its Largest Ever Box Ship

CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg on Thursday morning, March 15 (© HHM / Dietmar Hasenpuscch)

The largest ever containership to call at the port on the Elbe berthed in Hamburg early on Thursday morning, March 15. The oceangoing giant CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg's HHLA Container Terminal Burchardkai (CTB) where it will discharge approximately 7,000 TEU and load 4,000. The 400-meter-long CMA CGM Antoine de Saint Exupery, delivered to French owner CMA CGM earlier this year, has a capacity of 20,776 TEU. End-to-end, those containers would cover a distance of over 125 kilometers.

US Navy to Commission Submarine USS Colorado

Lt. Anthony Matus uses an XBox controller to maneuver the photonic mast aboard Pre-Commissioning Unit Colorado (SSN 788). Colorado is the 15th Virginia-class attack submarine and is scheduled to be commissioned March 17, 2018. (U.S. Navy photo by Mass Communication Specialist 1st Class Jeffrey M. Richardson

The U.S. Navy will commission its newest fast attack submarine, the future USS Colorado (SSN 788), during a ceremony Saturday, March 17, at Naval Submarine Base New London in Groton, Conn. The principal speaker will be U.S. Senator Cory Gardner of Colorado. Annie Mabus, daughter of 75th Secretary of the Navy Ray Mabus, will serve as the ship’s sponsor. “USS Colorado is a true marvel of technology and innovation, and it shows the capability that our industrial partners bring to the fight,” said Secretary of the Navy Richard V. Spencer.

Two New Patrol Boats for Pakistan Customs

Handing over Ship’s model Photo Damen

Pakistan Customs has taken delivery of two Damen Stan Patrol 1605 FRP patrol boats. The handover ceremony took place on March 10 at Karachi Shipyard & Engineering Works Ltd (KS&EW). The celebrationwas attended by distinguished guests including Dr Miftah Ismail, advisor to the Prime Minister on Finance, Revenue & Economic Affairs, Mr. Iftikhar Ahmed, Collector Pakistan Customs, Rear Admiral Syed Hasan Nasir Shah, Managing Director of KS&EWand Mrs. ArdiStoios-Braken, the Ambassador of the Kingdom of the Netherlands to the Islamic Republic of Pakistan.

Gibdock Completes Two Gibraltar Repair Projects

Photo courtesy Gibdock

Gibdock said its Gibraltar yard has completed two projects recently  that demanded ships re-entry into service without delay. Returning customer Compagnie Maritime Nantaise (CMN) chose Gibdock’s facilities to carry an extensive package of work on its ro-ro container vessel, MN Calao, which spent 18 days in the yard last month, taking in its five-year classification survey. The 12,026 dwt, 160m long vessel, which was originally delivered by Hyundai Mipo Dockyard in 2013, is a sister to the same owner’s MN Tangara, which was docked at Gibdock in June and July 2017.

Seaspan Buys GCI from Carlyle

Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet, will take over GCI’s 16 on the water 10,000-14,000 TEU containerships plus two newbuilds scheduled for delivery during Q2 2018. All 18 vessels sister ships to Seaspan’s current fleet. “With GCI’s fleet now under our ownership, we are strengthening our partnerships with customers and enhancing our scalable integrated platform for sustained growth and future consolidation,” said Bing Chen, Seaspan president and CEO.

Emissions Regulations: 'It's Not Easy Being Green'

(Photo: Robert Kunkel)

Nor is it getting any easier to understand when, how and why to comply. Whether your marine operation is a major corporation or a family “mom and pop” company, the type of fuel you now burn or for that matter what emanates from your stack each day after the burn has now become a major source of confusion. As Kermit the Frog once said, we will now know what its like to be green. Some believe the discussion is a new subject. It is not. Those of us that work the oceans, rivers and sounds for a living always had a concern of how much fuel we burn and what the quality of that fuel was.

MES Delivers 66,000 DWT Bulk Carrier

Japanese shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) said it has completed and delivered a 66,000 dwt bulk carrier to owner Ostria Marine Co. The newbuild, M.V. Christina, was delivered at the builder's Tamano Works on March 15, 2018. The vessel has four cranes and five cargo holds, with more than 82,800 cubic meters cargo capacity. The ship’s main engine, a MITSUI-MAN B&W 7S50ME-B9.3 diesel engine, complies with MARPOL NOx restriction (Tier-II) for exhaust gas emissions. The ship has low sulfur fuel oil tanks, which are designed for operation in Emission Control Areas (ECA). Service Speed: abt.

Baltic Index Falls on Muted Capesize Activity

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index fell for the fourth straight session on Thursday, as subdued activity in the Pacific and Atlantic markets dragged the capesize index down to 7-1/2 month lows. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels that ferry dry bulk commodities, fell to its lowest in three weeks. Baltic index was down 19 points, or 1.63 percent, at 1,150 points. The capesize index fell for the eighth-straight session, down 74 points, or 5.64 percent, to 1,238 points. That's the lowest level for the index since July 31.

Cummins QSK95 Propulsion for Ferry Newbuild

(Image: Cummins)

Azam Marine’s next newbuild, Kilimanjaro VII, will be the first passenger ferry powered by QSK95 propulsion engines from engine manufacturer Cummins. Two QSK95 propulsion engines will provide main propulsion power to the new Incat Crowther designed fast catamaran, which will be built by Australian shipbuilder Richardson Devine Marine in Tasmania. Cummins said its newest and most powerful engine for the marine market, the QSK95, offers a power output previously exclusive to medium-speed marine engines with power ratings from 3…

Executives Larkins, Morais Acquire SSI

From left to right: Darren Larkins and Denis Morais (Photo: SSI)

As of March 1, 2018, CEO Darren Larkins and President & CTO Denis Morais have acquired ownership of the shipbuilding software development company SSI from the company’s founder Rolf Oetter.   Larkins and Morais have been managing SSI for the past seven years while Oetter has focused on other initiatives.

First Steel Cut for Seven Seas Splendor

(Photo: Fincantieri)

Italian shipbuilder Fincantieri held a steel cutting ceremony in Ancona marking the official start of construction on Seven Seas Splendor, a new ultra-luxury cruise ship for Norwegian Cruise Line Holdings brand Regent Seven Seas Cruises. The new vessel is scheduled to be delivered in early 2020, following Seven Seas Explorer delivered by the Fincantieri shipyard in Sestri Ponente, Genoa in June 2017. The 55,500-gross-ton Seven Seas Splendor will be 224 meters long and accommodate 754 passengers on board in 375 spacious suites.

Kuwait Oil Tankers Inks Financing for Eight Tankers

Kuwait Oil Tanker Company said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported.   The 10-year financing was obtained from Warba, Ahli United and Kuwait International banks, KUNA said.   Reporting by Ali Abdelati 

MOL Announced Delivery of Beluga Ace Car Carrier

Beluga Ace Car Carrier Photo MOL

Mitsui O.S.K. Lines, Ltd. has taken delivery of the first car carrier of the next-generation “FLEXIE” series, the Beluga Ace, which was built at the Minaminippon Shipbuilding Co., Ltd. The vessel features six liftable decks, compared with two on conventional car carriers. This allows the Beluga Ace to more effectively meet demand for more diversified vehicle and high and heavy cargo transport, MOL said. The hull design is a complete departure from current car carriers, MOL said.

Hyundai Samho Heavy Industries Delivers Green VLCC

Hyundai Samho Heavy Industries (HSHI) has completed building a scrubber-equipped Very Large Crude oil Carrier (VLCC), the first of two ships ordered by Greek shipowner Almi Tankers in August 2016, reported the Pulse. The affiliate with South Korea's largest shipbuilder Hyundai Heavy Industries (HHI) said that the VLCC is fitted with an exhaust gas cleaning system that can meet stricter restrictions on sulphur oxide emissions that will come into force in 2020. HSHI on Tuesday held a naming ceremony for the oil tanker. The 310,000-ton VLCC - which is 336 meters long, 60 meters wide, and 30 meters deep - is loaded with various facilities…

Prysmian to Order Cable Layer Newbuild

Prysmian Group announced it will invest more than €170 million ($210.3 million) in a new cable laying vessel to be delivered by the second quarter of 2020. The group said the vessel  will support long-term growth prospects in the submarine cable installation business, strengthening its interconnection and offshore wind project execution capabilities. According to the Prysmian Group, the vessel will offer deep water installation capabilities for depths of more than 2,000 m; increased cable loading capacity thanks to large cable rotating platforms; capability to perform complex installation operations supporting a variety of burial systems, including heavy duty ploughs; state-of-the-art positioning and seakeeping systems and a reduced environmental footprint.

Offshore Wind Drives Demand for US Support Vessels

(Photo: Volvo Penta)

The offshore energy boom: more than wind. Domestic offshore wind also promises to generate demand for new, efficiently propelled support vessels. The U.S. offshore wind farm industry, now in its infancy, is on the verge of a massive growth surge, and the boom will be felt throughout the American maritime industry. The U.S. Office of Energy Efficiency and Renewable Energy reported last year that there is a “robust pipeline of projects to ensure growth in the country’s nascent offshore wind market…

Sanmar Orders 42 Rolls-Royce Thrusters

(Photo: Rolls-Royce)

Rolls-Royce said it has secured an extensive supply order from long-time collaborator Sanmar Shipyards for propulsion and deck equipment for tugboats the Turkish shipyard is building for various customers. The scope of supply includes 42 Rolls-Royce US 205/255 azimuth thrusters for 21 harbor/terminal/escort tugs in the 60-, 70- and 80-metric-ton bollard-pull range and high-pressure hydraulic towing winched for the 80-metric-ton models. All vessels are based on new designs developed by Canadian naval architects Robert Allan Ltd., exclusively for Sanmar.

Schoellhorn-Albrecht Wins OPC Subcontract

Image: Schoellhorn-Albrecht

Marine equipment manufacturer Schoellhorn-Albrecht said it has been awarded a subcontract from Eastern Shipbuilding Group (ESG) to design and build various equipment for the U.S. Coast Guard Offshore Patrol Cutters (OPC). Schoellhorn-Albrecht was selected for the deck machinery, deck fittings, accommodation ladder system and structural castings including the shaft strut and stern tube. The OPC is the U.S. Coast Guard’s largest shipbuilding program. The U.S. Coast Guard’s current contract calls for ESG to build 11 OPCs to replace the medium endurance cutters.

Noble Group Share Trading Halted

Trading in shares of Noble Group was halted on Wednesday, just days after the commodities trader said it was very close to reaching final terms with a group of senior creditors to restructure its debt. The Singapore-listed company asked for the trading halt pending the release of a statement. Embattled Noble has been negotiating a $3.4 billion debt-for-equity swap - crucial to its survival - after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years. The Hong Kong-headquartered firm, which reported a $4.9 billion loss for 2017, also said on Monday that it had opted not to pay the coupon on a $750 million bond which was due last week. Noble has a $379 million bond that matures on March 20.

BAE Systems Names Wolstenholme MD in the UK

Andrew Wolstenholme OBE will join BAE Systems plc from May 24, 2018, in a newly-created role on the Executive Committee as Group Managing Director, Maritime and Land UK.   Wolstenholme will be responsible for BAE Systems’ Maritime and Land UK sectors and will report directly to Chief Executive, Charles Woodburn.   Wolstenholme joins BAE Systems from Crossrail Ltd., where he led Europe's largest infrastructure project for the last seven years. He has extensive experience in business leadership and delivering major engineering projects in the U.K., Asia and North America, including the delivery of Heathrow Airport's Terminal 5.

Port of Oakland Targets 2.6 mln 20-foot Containers by 2022

Pic: Port of Oakland

The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan, Oakland cargo volume should reach 2.6 million 20-foot containers by 2022. The Port’s Oakland International Airport is expected to serve 14-to-15 million passengers annually by then. Both would be all-time highs for Oakland. Growing business volume should lead to more hiring, the Port said.

First Arkas Line Ship To Dock In Contship Ravenna

Natalia A Photo: Contship Italia Group

Natalia A container ship that belongs to Turkish ARKAS shipping line is docked in Contship Ravenna – the Contship Italia Group gateway on the Adriatic Sea. The Natalia A is deployed on the ADS service (Adriatic Service) that connects Ravenna with Istanbul, Gemlik, Piraeus, Izmir, Beirut, Mersin, Aleksandria and Lattakia, on a weekly basis. “We are delighted to see that a shipping line such as Arkas has chosen the Ravenna Terminal as a partner to expand container traffic, offering fundamental connections with Turkey…

Warmth Brightens up La Spezia Container Terminal

Image: Contship Italia

Despite the grey clouds and rain that fell over the weekend in La Spezia, the YM Warmth making only her second call brought a splash of colour to the terminal when it discharged from Asia a brand new ONE container, showing off the bright new magenta livery. The ship is deployed in THE Alliance’s MD2 service and is one of a series of 14,000 teu ships operated by Yang Ming Line of Taiwan. Effective from April 1, ONE will become the new shipping line formed as a result of the merged container divisions of the big three Japanese lines, namely “K” Line, NYK and MOL.

UK’s Third River Class Offshore Patrol Vessel Named

(Photo: BAE Systems)

The third of five new River class offshore patrol vessels being built for the U.K. Royal Navy, HMS Trent, was officially named during a ceremony at the BAE Systems shipyard in Glasgow on Tuesday. “This is another landmark moment for the River class offshore patrol vessel program and an important day that honors the traditions of the Royal Navy,” said Iain Stevenson, Managing Director of BAE Systems Naval Ships. “Today is made even more special as we are able to see the full scale of Trent as she prepares to enter the water for the very first time in the next few days.

Cruise Ship Lengthening Underway at Fincantieri

(Photo: Fincantieri)

Work to lengthen the Silversea Group’s ultra-luxury cruise ship Silver Spirit is underway at the Fincantieri shipyard in Palermo, Italy. The 36,000 gt, 195 m Silver Spirit, delivered in 2009 by Fincantieri in Ancona, was able to accommodate over 540 passengers in 270 sea view suites, spread over eight passenger decks. As part of the lengthening and refurbishment project, a 15-meter section is being inserted in the central part of the ship, marking an industry first for an ultra-luxury cruise ship.

Lower Rates for Larger Vessels Drag Baltic Index Down

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points, or 1.09 percent, at 1,179 points. The capesize index fell 63 points, or 4.42 percent, to 1,362 points, the lowest level since Aug. 1, 2017. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $396 at $10,810.

Man Overboard: Bulker Crewman Missing off Virginia

The U.S. Coast Guard and other agencies are searching for a missing crewman who fell overboard from an anchored bulk carrier near Cape Charles, Va., Tuesday.   The 33-year-old Chinese crewman reportedly went overboard early Tuesday morning while fastening a ladder on the starboard quarter of the 770-foot Hong Kong flagged cargo ship Lara Venture at the Cape Charles Anchorage.   He was not wearing a life jacket and last seen wearing orange coveralls and a dark blue jacket, the Coast Guard said.   Coast Guard helicopter crews are searching for the missing crewman along with the crews of Cutter Sea Horse from Base Portsmouth and a Virginia pilot vessel.   The Coast Guard has issued an urgent marine information broadcast.  

Aircraft Carrier USS Nimitz Enters Drydock

Sailors and Puget Sound Naval Shipyard and Intermediate Maintenance Facility (PSNS-IMF) workers shift the aircraft carrier USS Nimitz (CVN 68) from its homeport pier in Bremerton, Wash., to a dry dock in PSNS-IMF. (U.S. Navy photo by Ian Kinkead)

U.S. Navy aircraft carrier USS Nimitz (CVN 68) entered dry dock at the Puget Sound Naval Shipyard and Intermediate Maintenance Facility, Bremerton site, March 1, as part of the ship's scheduled 15-month docking planned incremental availability (DPIA) period following a six month deployment to the U.S. 5th and 7th Fleets. Nimitz will receive upgrades and renovations to a variety of systems to include steering components, hull preservation, combat systems equipment, aircraft elevator doors, berthing areas and a new stern dock.

US Steel Import Curbs Seen Scuttling India's Rising Exports

© Raja Stills / Adobe Stock

India's ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade. "Our exports have increased substantially, about 40 percent growth during January to December (2017)," Singh told Reuters in an interview on Tuesday. "What I foresee is that our exports are going to grow. Last week, U.S. President Donald Trump set import tariffs of 25 percent on steel and 10 percent on aluminium, to come into force in 15 days, a disputed move that threatens to spiral into a trade war.

Maersk's Port Business Woos Customers with New Transport Services

(File photo: APM Terminals)

Danish shipping group A.P. Moller-Maersk's is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. The move comes as Maersk, the world's biggest container shipper, is entering uncharted territory following its sale last year of most of its energy businesses. This marked a major shift of focus for the group towards transport and logistics. Last month, Maersk said it aimed to expand its port and transport services…

BP Selects McDermott, BHGE for Subsea Contracts

Photo: McDermott International, Inc

McDermott International and Baker Hughes (BHGE), a GE company  announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering, procurement, construction and installation (EPCI) contract for BP’s Tortue/Ahmeyim Field Development, a major gas project located on the maritime border of Mauritania and Senegal. During this initial engineering phase, McDermott will work on defining the subsea umbilicals, risers and flowlines (SURF) scope for the project, while BHGE will focus on the subsea production system (SPS) scope.

Seaspan Shipyards Gets Orders for LNG Vessel Engine Conversions

An early morning view of TOTE Maritime’s North Star docked between two large boom cranes at Victoria Shipyards. Photo: Seaspan Shipyards

Seaspan Shipyards demonstrates its capabilities with liquefied natural gas (LNG) vessel engine conversions in the wake of a major project milestone. Victoria Shipyards (VSL) was selected by TOTE Maritime Alaska to carry out the yard production work and docking necessary for the conversion of their two TOTE Orca class vessels to dual-fuel systems, a process which is being carried out in four phases and will enable the two ships to use LNG as fuel. The ‘North Star’, the first of the two 839-foot-long roll-on…

CMV Group Buys Vessel from P&O Cruises

(Photo: CMV Group)

The CMV Travel & Leisure Group said it has acquired the vessel Pacific Eden from P&O Cruises Australia. Pacific Eden’s new name will be announced on Tuesday, March 20 and the vessel will join CMV’s expanding fleet with delivery in Singapore in early April 2019 followed by a short docking period to include livery change, re-brand and some preparatory works before she positions westbound to Northern Europe via the Suez on her inaugural voyage. The ship’s final voyage for P&O will depart on March 16, 2019.

Leaking Bulk Carrier Towed into Tallinn

(Photo: Finnish Border Guard)

A cargo ship that sprung a leak in the Gulf of Finland last week has been towed into the port of Tallinn. The Finnish Boarder Guard said several meters of water had flooded into the engine room and one of the cargo compartments of a Panamanian-flagged bulk carrier Glory Hongkong sailing in international waters to the west of Suursaari island en route to St Petersburg. Pumping equipment was used to drain the cargo compartment, and the leak between the engine room and the cargo hold was stopped. No oil leaked from the ship into the sea at any stage.

Responders Tracking Containers Lost off North Carolina

(File photo: Maersk Line)

The U.S. Coast Guard, NOAA and Environmental Protection Agency are monitoring the tracking and assessment of more than six dozen stray cargo containers lost due to high winds and heavy seas about 17 miles off Oregon Inlet, N.C. On Sunday, March 4, the cargo ship Maersk Shanghai alerted watchstanders at Sector North Carolina’s command center that they lost about 70 cargo containers during a heavy roll. Maersk later confirmed the total number of containers lost overboard was 76 as well as their contents. A. P.

Turkey Tenders to Buy 30,000 Tonnes Rice

© nakornkhai/ Adobe Stock

Turkey's state grain board TMO has issued a series of international tenders to purchase a total 30,000 tonnes of rice, European traders said on Monday. The tenders close on March 30. The TMO had made no purchase in its previous tenders for 41,250 tonnes of rice on March 8 when only one company participated, partly because of a rapid shipment period of March 15 to April 6. Shipment in the new tenders was also quick, requested between March 26 to April 16. The TMO has issued 30 separate tenders of 1,000 tonnes, long grain or calrose medium grain rice is sought.

North Carolina Ferries Change Course for the Future

Credit: NCDOT

Shoaling shifts NCDOT’s propulsion needs, prompting a sea change. Thrustmaster waterjets step in to carry the day. In Swansboro, N.C., boatbuilder U.S. Workboats (formerly Armstrong Marine) is assembling the linchpin of the North Carolina Department of Transport’s (NCDOT) business plan for its future Outer Banks ferry services. Separately, in both Hatteras and Ocracoke, crews are preparing to break ground on new parking additions and visitor facilities. The Ocracoke Express passenger…

Marine News Boat of the Month: March 2018

Jensen Maritime was recently selected to provide the design for Baydelta Maritime’s new 100-foot, Z-Drive hybrid tugboat. It will use Rolls-Royce hybrid technology and represents the first installation of a hybrid system for Nichols Brothers Boat Builders (NBBB), and the first hybrid tug designed by Jensen to enter the construction phase. Scheduled for delivery in the first quarter of 2019, the tug will feature the same ship assist and tanker escort capabilities of existing Valor class harbor tugs, but with multiple operational modes.

Baltic Index Inches Up

© papa1266 / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday on firm rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 4 points, or 0.33 percent, at 1,201 points. The Baltic index, however, posted its first weekly fall in three weeks, falling 0.5 percent. The panamax index was up 25 points, or 1.57 percent, at 1,615 points, its highest since Dec. 18. Panamax index gained for the fourth straight week, up 7.7 percent.

GasLog Orders LNG Carrier Newbuild from Samsung

File photo: GasLog

Ship owner GasLog Ltd. announced it has ordered another newbuild liquefied natural gas (LNG) carrier from South Korean shipbuilder Samsung Heavy Industries, with options for additional newbuilds. The 180,000 cubic meter capacity Flex Plus vessel with XDF propulsion is the second LNG carrier ordered by GasLog this year. The two vessels are unchartered and scheduled to be delivered in the third quarter of 2019 and the second quarter of 2020 respectively. “Given that the outlook for LNG shipping demand remains robust…

Ship Owners Are Modifying Propellers to Meet EU MRV Requirement

Photo: Hydrex

Belgian underwater repair specialist Hydrex says it is carrying out more modifications to a ship’s underwater areas and equipment in addition to the company’s more common damage rectification work. The increase in this type of work - to propellers, in particular – follows the recent introduction of the European MRV regulation which has seen more shipowners look at ways of further reducing fuel consumption (and emissions) when operating to and from European ports. The EU MRV (Monitoring, Reporting, Verification) regulation entered into force in July 2015.

Baltic Cruise Boom Boosts Chances for Port Cities

Photo: Port of Kiel

Good opportunities for local port cities are up for grabs as a cruise shipping boom sweeps the Baltic. Both Rostock and Kiel are already profiting from it. Between them they are expecting 1.3 million cruise ship visitors during this year’s season – an increase of 12.5% over last year. The managing directors of Germany’s two leading Baltic passenger ports, Rostock and Kiel, addressed the issue during a news conference at the ITB, the world’s leading travel trade fair in Berlin. The Managing director of the Port of Rostock (Rostock Port GmbH) Jens A.

South Korea Restuctures Mid-Sized Shipbuilders

File Photo: STX Offshore & Shipbuilding Co., Ltd

The South Korean government decided to restructure two financially-troubled mid-sized shipbuilders, said a report in Business Korea. While filing for court receivership for the debt-ridden Sungdong Shipbuilding, the government has decided to save STX Offshore and Shipbuilding Co. on condition of slashing 75 percent of its production workforce. The two shipbuilders are heavily indebted to Korea's two state-run banks, as they have struggled with snowballing losses amid unfavorable oil prices and the worldwide industry downturn.

Kiel Gets Second Cruise Passenger Terminal at Ostseekai

Photo: Port of Kiel

A second handling centre for cruise ship passengers and their luggage is being built at Kiel’s Ostseekai Cruise Shipping Terminal. Artist’s impressions of how the new building will look when complete have been made public for the first time at the ITB Berlin – the world’s leading trade fair for the travel industry. Dr Dirk Claus, Managing Director of the Port of Kiel said:  “Sea tourism is a strong growth market sector for the port of Kiel. In particular, the second terminal makes it possible to balance out individual operational processes.

Navios Maritime Containers Raises USD 30mln

File Image: Navios Maritime Containers

Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced  that it has already completed a private placement of common shares, totaling $30.0 million, which is expected to close on March 13, 2018. Navios Containers will issue approximately 5,450,000 common shares at a subscription price of $5.50 per common share for an aggregate of $30.0 million of gross proceeds. The net proceeds will be used for general corporate purposes, including vessel acquisitions.

Harvey Gulf's Guidry Remains Confident as Bankruptcy Plays Out

Shane Guidry, Chairman & CEO Harvey Gulf

In a March 10th E-mail to customers and media alike, Guidry charts the course ahead. In a terse E-mailed letter addressed to 'Valued Harvey Gulf Customers,' the U.S. flag offshore energy support CEO this weekend said, "I am pleased to report that the Bankruptcy Court has granted all of the first day relief requested by Harvey Gulf in our Chapter 11 proceedings. The letter continued, "Among the most significant relief granted was that Harvey Gulf is authorized to pay our all of our vendors in full and in our normal course of business.

Fincantieri Services set-up in the U.S.

Courtesy Fincantieri

As part of its business development strategy in the United States, Fincantieri has established Fincantieri Services USA, a wholly owned subsidiary, based in Miami, Florida, which will be the focal point in the country for all the services and after sales activities on cruise ships of the Group. Fincantieri Services USA will be the sole front office for cruise customers, offering a wide range of services - particularly all those related to the life cycle management of the vessels - as well as focusing on repairs and refitting.

Diana Shipping Sings TC Contract for m/v Calipso With Glencore

Calipso. Photo: Diana Shipping Inc.

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Calipso. The gross charter rate is US$12,200 per day, minus a 5% commission paid to third parties, for a period of about 15 months to maximum 18 months. The charter is expected to commence on March 12, 2018.

Baltic Index Inches Up

© Björn Wylezich / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday on firm rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.33 percent, at 1,201 points. The Baltic index, however, posted its first weekly fall in three weeks, falling 0.5 percent. The panamax index was up 25 points, or 1.57 percent, at 1,615 points, its highest since Dec. 18. Panamax index gained for the fourth straight week, up 7.7 percent.

SENER to Present New Material at APM

Photo: SENER

Spain's SENER will be present at the 15th edition of the Asia Pacific Maritime (APM) Exhibition, which will be held from March 14 to 16, 2018 at Marina Bay Sands in Singapore. SENER will participate in this event as part of the Spain Pavilion, organized by the public business entity, ICEX Spain Exportación e Inversiones, whose mission is to promote the internationalization of Spanish companies. At the exhibition, SENER will showcase its latest ship projects, including the project involving the supply of LNG to ships (Ship to Ship) and to land (Ship to Shore)…

Ship Architects' Comer Stepping Down

Joseph H. Comer (Photo: SAi)

Ship Architects, Inc. (SAi) has announced its current Principal Naval Architect, Joseph H. Comer is stepping down and turning over the leadership position to Altug Basaran, P.E., its current Director of Operations. Ship Architects has been in business since 1999, providing a broad range of engineering and production support services to commercial shipyards and vessel operators. The company will continue to focus on providing customer value on every project through high quality products and distinctive service.

VT Halter Marine Cuts Steel on Offshore LNG ATB

VT Halter Marine and Q-LNG Transport team members during start of construction of ATB Tug Q-Ocean Service and Barge Q-LNG 4000. Photo Credit: VTHM

VT Halter Marine and Q-LNG Transport team members during start of construction of ATB Tug Q-Ocean Service and Barge Q-LNG 4000. VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems), today held a ceremony to commence construction on America’s first Liquefied Natural Gas Articulated Tug and Barge (LNG ATB) unit. “We are honored to be able to celebrate the official start of construction on the first LNG Bunkering ATB unit ever built.

MOL Adopts 'Common Rail Fuel Injection' System

Main engine equipped with common rail fuel injection system Photo MOL

Mitsui O.S.K. Lines, Ltd. announced that its group company, Mitsui O.S.K. Kinkai, Ltd. will use a main engine equipped with the MAN Diesel & Turbo SE (MDT)-developed “common rail fuel injection system” on a newbuilding vessel. Shop test of the main engine was completed on January 29 and the vessel is slated for launching in 2018. After launched, Mitsui O.S.K. Kinkai, MDT and Makita Corporation(President: Yu Makita; headquarters: Takamatsu-shi, Kagawa Prefecture)will continue testing the system with support from MOL while the vessel is in service.

Bollinger Announces Promotions

Jerome Eymard Photo courtesy Bollinger Shipyards

Bollinger Shipyards President and CEO Ben Bordelon announced the promotions of two key leaders. Jerome Eymard has been promoted to the position of Director of Human Resources, and Rachael Battaglia to the position of General Counsel. Jerome Eymard has a Bachelor of Science in Human Resources and a Master of Business Administration from Nicholls State University, and received his Senior Professional in Human Resources (SPHR) certification in 2012. He joined Bollinger in 1999 and has been an integral component in the HR group’s success.

Virginia Port’s Cargo Numbers Up

Courtesy of The Port of Virginia.

Despite a slight dip in volume of .7 percent in February, The Port of Virginia’s fiscal year 2018 cargo volumes are up nearly 4 percent, or nearly 69,000 TEUs. “February is a short month and our volume was relatively static, in a year-on-year comparison,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “January featured two snowstorms, which had an impact on our performance, yet we continue to perform in-line with our fiscal-year volume forecast.

Aalto Shipping Company Begins Operations

Image: Taaleri Plc.

Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management. Aalto Shipping Company has acquired to its fleet two modern, ice-strengthened dry bulk carriers and has started operating them. The ships will be moved under the Finnish flag over the coming months. “The shipping company project restores tonnage to Finnish hands, since the vessels will operate under the leadership of Finnish officers.

Trump: Some Country's Tariffs May 'Go Up or Down'

President Donald Trump said on Thursday he was sticking to his plans for 25 percent tariffs on steel imports and 10 percent on aluminum imports but would have flexibility to change those for specific countries. "I'm sticking with 10 and 25 (percent) initially. I'll have a right to go up or down, depending on the country, and I'll have a right to drop out countries or add countries," he told reporters at the beginning of a Cabinet meeting at the White House. Trump said he would be fair and flexible on the issue while protecting American workers. The president's plans have irritated U.S. allies and sparked concerns about a trade war.   Reporting by Jeff Mason

Baltic Index Gains On Higher Panamax, Supramax Demand

© soleg / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as stronger demand for panamax and supramax vessels offset a fall in capsize rates. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 6 points, or 0.5 percent, at 1,197 points. "In the dry bulk market, capesize rates are continuing to slide as the Atlantic remains relatively quiet," analysts at ship broker Clarksons Platou Securities said.

Indiana's Burns Harbor Plans for More Growth

Photo: Port of Indiana-Burns Harbor

The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million expansion made possible by earning one of only 10 "FASTLANE" small project grants awarded in the U.S. last year.

ABB Wins Total Solution For Polar Newbuild

Lindblad Polar Explorer  (Photo: ABB)

ABB will deliver a comprehensive scope of power, automation, propulsion and digital solutions for the new Lindblad Expeditions Holdings, Inc. vessel that will take passengers on exploration cruises in remote polar areas. Designed with a focus on safety, environmental sustainability and comfort, this ice-going vessel will be equipped with ABB’s power and automation solutions, as well as two Azipod DO propulsion units. ABB is the only supplier of azimuthing electric podded propulsor systems of sufficiently high ice-going class able to meet the owner’s requirements.

Frank Coles Delivers Keynote at the Transas Global Conference

Transas CEO Frank Coles' delivers a rousing Keynote speech at the Transas Global Conference in Vancouver. CREDIT: Transas

You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times, with Mr. Gradgrind the Headmaster. What a sad reflection of our industry. Imagine instead! Imagine a world where logistics companies and cargo owners drive ship design, innovation and demand the level of quality in ship management. Where maritime assets are operated in a global ecosystem of tracking, monitoring and safety. Imagine a world where ships are operated in a “ship as a service” or “system of systems” infrastructure.

Two Incat Crowther Ferries join Ultramar

Courtesy Ben Soileau, Marine Designer, Incat Crowther

Incat Crowther has delivered City Jet 1 and City Jet 2. The 28m Passenger ferries are part of a six vessel new build program for the Cancun-based operator, Ultramar. The vessels will operate at high frequency across the enclosed lagoon adjacent to Cancun, thereby sparing tourists a notoriously lengthy bus trip and reducing travel times by up to 70%. The ferries were built by Midship Marine in Harvey, Louisiana. The main deck cabin can accommodate 118 passengers in high-end seating. Sliding doors are fitted at both the forward and aft ends of the cabin for ease of access.

NYK, JMU Develop Highly Efficient Propeller

This new propeller will be installed on two newly built containerships that will be delivered in 2019. (Photo NYK)

Nippon Yusen Kabushiki Kaisha (NYK), MTI Co. Ltd., and Japan Marine United Corporation (JMU) have successfully developed a highly efficient propeller by analyzing the conditions surrounding vessel propellers in actual operation. This new propeller will be installed on two newly built containerships that will be delivered in 2019, and will achieve a 1.2 percent reduction in carbon dioxide (CO2) emissions by improving fuel efficiency. The propeller plays a major role in the propulsion of a ship…

Steel, Aluminum Tariffs a 'Bad Idea' -Morgan Stanley CEO

© David H M Wingate / Adobe Stock

Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. "The biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC. Gorman said that imposing tariffs on a country or ally that the United States sells a lot of goods to is not the "best way to move forward." He added that there may be retaliation from other countries due to the tariffs. "You can't be unilateral with these things," he added.

Port Hedland Iron Ore Exports to China Fell 10% in February

© Adwo / Adobe Stock

Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 10 percent in February to 31.3 million tonnes, down from 34.7 million tonnes a month earlier, port data released on Thursday showed. Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material fell to 38.5 million tonnes in February from 41.1 million tonnes in January, according to the Pilbara Ports Authority. Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.

DNV GL: Digital Journey in Virtual Reality

(Image: DNV GL)

Digitalization and advanced technology solutions are the center of DNV GL's efforts to keep ships safe and help customers enhance the efficiency of their assets. To showcase this vision, DNV GL developed a virtual reality (VR) presentation, which shows how the company is pushing ahead with a digital transformation to improve the quality and efficiency of its services, as well as the emerging solutions which will take class into the future. The VR experience takes viewers on a tour of RCCL cruise ship Independence of the Seas to demonstrate how advanced sensor technology…

Viking Order for Six More Ocean Ships with Fincantieri

Photo: Viking Cruises

Viking Cruises has announced a new agreement with Fincantieri that could see the delivery of six additional ocean ships by 2027. The new understanding expands Viking's partnership with Fincantieri, raising the company's total ocean ship order and options to 16 – the highest-ever for a shipyard from a single owner. The agreement for the six additional ships, which will be delivered in 2024, 2025, 2026 and 2027, is subject to specific conditions. "When we launched our first ocean ship in 2015, we set out to reinvent ocean cruising.

Lockheed Martin Canada Welcomes New Zealand's ANZAC Frigate

Photo: Lockheed Martin Canada

Lockheed Martin Canada has signed a formal contract with the New Zealand government for ship installation and trials to complete the upgrade and modernization of the ANZAC class frigates. The first of two frigates, Her Majesty's New Zealand Ship (HMNZS) TE KAHA arrived in Victoria yesterday. Lockheed Martin Canada is responsible for designing and supplying the upgraded combat system for each ANZAC Class Frigate, including a new combat management system – based on Lockheed Martin Canada's Combat Management System 330 – along with the supply and integration of various sensors…

One Dead after Maersk Line Vessel Catches Fire

(Photo: Indian Coast Guard)

A crew member died and four others went missing after fire broke out on a new Maersk Line container vessel in the Arabian Sea, the company said. The vessel caught fire at around 1520 GMT on Tuesday, about 900 nautical miles southeast of Salalah, Oman, the world's biggest container shipping company said in a statement. Twenty-three crew members were rescued but one of them, a Thai national, died on Wednesday, added Maersk. "His health condition drastically deteriorated ... due to the injuries sustained in connection to the fire," said Maersk, a unit of Danish shipping firm A.P.

Lower Capesize Rates Weigh on Baltic Sea Freight Index

© momentscatcher / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, snapping five consecutive days of gains, as rates for capesize vessels slipped to their lowest in a month. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, slipped 21 points, or 1.73 percent, to 1,191 points. "It's a very tight market now that you're coming off of the Chinese New year. Just a few additional cargoes pop up rates a couple of thousand dollars a day and a lack of those incremental cargoes will drive rates down…

Albwardy Damen Receives Superbrands 2018 award

Image: Credit Damen

Albwardy Damen, the joint venture shipyard in Sharjah, UAE, between the Damen Shipyards Group and UAE-based Albwardy Investment, has received a prestigious Superbrands 2018 Award from Superbrands Worldwide, the world’s largest independent arbiter of branding. It pays tribute to the strongest and most valuable brands in the world through its publications and national marketing programmes. The winners of these awards were selected by the International Arbitration Board of the Award, made up of more than 4,000 marketing experts from the UAE business community.

GAC UK wins Fred Olsen Cruise Lines Business

Fred Olsen Cruise Lines' Balmoral at the Port of Tyne. (Photo copyright John Fatkin/Courtesy Fred Olsen Cruise Line & GAC UK)

Fred Olsen Cruise Lines has appointed GAC UK as its agent in Newcastle and Liverpool. Under the deal, GAC will manage 18 calls during 2018 for the 804-guest cruise ship Black Watch at its home port of Liverpool, and a further 16 for the 1,350-guest Balmoral, at its home port of Newcastle. Clare Ward, Director of Product and Customer Service at Fred Olsen Cruise Lines, said: “Turnaround calls are always busy days for everybody involved in the operation, with crew changes, immigration and Customs formalities, stevedoring activity, receipt of supplies and much more all going on at once.

Connectivity Crucial to Singapore's Role as Maritime Hub

Maritime Hub Photo courtesy AdobeStock

To continue growing the maritime cluster and capturing new opportunities, the Maritime and Port Authority of Singapore (MPA) will strengthen the connectivity and inter-linkages of Singapore’s maritime cluster, build a vibrant innovation ecosystem and develop a future-ready and skilled maritime workforce. MPA will also enhance and top up the Maritime Cluster Fund (MCF)[1] by $100 million in support of our vision for Maritime Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent.

MV WERFTEN Lays Foundation for Accommodation Center

Laying the foundation stone for the new accommodation: Joachim Hagemann (MV WERFTEN), Colin Au (Genting Hong Kong), Ulrich Schönfeld (IPROconsult) and Thomas Beyer (Hanseatic City of Wismar) Photo courtesy SEBASTIAN KRAULEIDIS/MV WERFTEN

MV WERFTEN, the shipyard group is constructing a special accommodation center for subcontractors and guests at the Alter Holzhafen in Wismar; visitors will be able to spend the night in cruise ship cabins. The new building, which comprises 104 rooms, is scheduled to open by winter 2018-2019. Wismar, March 6, 2018 | Today, MV WERFTEN celebrated the official start of construction on its very own accommodation facility – the MVW Alter Holzhafen Beherbergungsstätte – with a groundbreaking ceremony.

PONANT's Orders Two More Cruise Ships


She was right. Yesterday, Vard Holdings Limited announced that it has secured contracts for the design and construction of two luxury expedition cruise vessels for French cruise company PONANT. VARD’s close working relationship with PONANT dates back to the contracts for the construction of a series of four luxury expedition cruise vessels confirmed in 2016. The vessels were designed for voyages to tropical destinations and remote ports only accessible to small capacity ships. The two new vessels will be identical to their four sister vessels.

Maersk Ship Ablaze in Arabian Sea, 4 Crew Missing

(Photo: Indian Coast Guard)

Maersk has reported an active fire in a cargo hold on its liner vessel Maersk Honam en route from Singapore toward Suez around 900 nautical miles southeast of Salalah, Oman. After firefighting efforts were unsuccessful, the crew sent out a distress signal and a total of 23 crew members were evacuated to the nearby vessel ALS Ceres, which arrived at the scene around 18:30 GMT. Four crew members remain missing. The fire on board the Maersk Honam continues and the situation of the vessel is very critical, Maersk said. The cause of the fire is currently unknown.

Rotterdam Cruise Season Opens with Arrival of AIDAperla

Photo: Port of Rotterdam

Rotterdam’s cruise season starts on 15 March. AIDAperla will arrive for the first time at the Cruiseport Holland Amerikakade at 08.00 hours on that day. The vessel replaces the AIDAprima. AIDAperia was taken into operation in 2017 and is a sister vessel of AIDAprima. Only the interior differs from the Prima. The vessel will also sail weekly between Hamburg, Southampton, Le Havre, Zeebrugge (Brussels) and Rotterdam. Until November, AIDAperla can be admired on the Wilhelminapier every Thursday.

Baltic Index Strengthens on Panamax, Supramax Vessels

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session on Tuesday on stronger rates for the panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up two points, or 0.17 percent, at 1,212 points, a peak since Jan. 29. The panamax index was up 26 points, or 1.73 percent, at 1,528 points, the highest since Dec. 20.

ABB’s Azipods Ordered for 100th Cruise Ship

Copyright Ponant - Stirling Design International

Azipod propulsion, the ABB technology that has become the industry standard in the cruise segment since its launch in 1990, has secured its 100th cruise ship order, winning a contract for powering the world’s first electric hybrid icebreaker. The luxury polar expedition cruise ship, due delivery for the French cruise company PONANT in 2021, will feature two Azipod VI propulsion units fit for the most challenging ice conditions. Upon delivery from Norway’s Vard Søviknes, a Fincantieri Company, the cruise ship will take passengers to unexplored destinations in Arctic and Antarctic waters.

OSD Unveils New Series of Ice Class Designs

Photo: OSD

Offshore Ship Designers (OSD) has unveiled a new series of Ice Class vessel designs, especially suited for marine services around the development of new arctic ports, terminals and offshore structures. A prerequisite for this type of vessel, operating under arctic conditions, is the ability to deal with the presence of first-year or floating ice, cold conditions and less developed shore facilities. Apart from the ability of the vessels to perform their specific tasks, typical design requirements are increased strength…

Transinsular Announces Cape Verde, Inter-Islands Trade Routes

Photo: ETE Group

Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal, Spain, Northern Europe and the Mediterranean. At the same time, and as a complement to the 'Lince Class', the ETE Group will offer inter-island ‘ATOBÁ’ cabotage services, on the way from Praia, Mindelo, Sal and Boavista, connecting these ports to the African proximity markets such as Guinea-Bissau and Mauritania.

Baltic Index Higher On Strong Rates for Panamax, Supramax Vessels

© fresh_water / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session on Tuesday on stronger rates for the panamax and supramax vessel segments. * The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up two points, or 0.17 percent, at 1,212 points, a peak since Jan. 29. * The panamax index was up 26 points, or 1.73 percent, at 1,528 points, the highest since Dec. 20.

ABB Azipod Hits Mileston with PONANT

Photo: ABB

As ABB's Azipod propulsion technology approaches its 30 year anniversary, the company announced that a milestone was recently hit in the cruise sector as ABB won ts 100th cruise ship order, winning the contract for powering PONANT's world’s first electric hybrid icebreaker. The luxury polar expedition cruise ship, due delivery for the French cruise company PONANT in 2021, will feature two Azipod VI propulsion units fit for the most challenging ice conditions. Upon delivery from Norway’s Vard Søviknes…

RCL's Mariner of the Seas Upgrades with Valmet

Photo: Royal Caribbean International

Valmet will upgrade the Damatic XDi automation system to a Valmet DNA system onboard the Mariner of the Seas cruise ship owned by Royal Caribbean International. With this upgrade, the operators of the machinery and air conditioning systems will have a modern and efficient Valmet DNA user interface, including a state-of-the-art history storage and data analyzing and reporting tools. The order was included in Valmet's fourth quarter 2017 orders received. Valmet's delivery will take place in April 2018 and will be completed in late June 2018.

Third Damen Tug for Kotug Smit Towage

Photo: Damen

Kotug Smit Towage has taken the newly-built Damen ATD 2412 Twin Fin tug Buffalo into service for its European harbor towage activities. The Buffalo is the third tug that Damen has built for Kotug Smit Towage, following the tugs Rotterdam and Southampton. The ATD 2412 Twin Fin tug has a length of 25 meters, a width of 13 meters and with her 72 tonne bollard pull, she combines compactness with maneuvrability. She is the fifth ATD 2412 Twin Fin in the Kotug Smit Towage fleet and joins over 20 Damen vessels operated by the company.

Seaspan Appoints Brass as CFO

Brian Carter, President and Chief Executive Officer–Seaspan Shipyards. Photo courtesy Seaspan

Seaspan Shipyards (Seaspan) has appointed Christof Brass as Chief Financial Officer (CFO). Christof brings over 20 years of experience successfully delivering large, complex programs for multinational companies. With an extensive back-ground in strategic financial planning and analysis, Christof will help drive the continued success and improvement of Seaspan. “As a leader with experience in transforming international finance teams, Christof has all of the skills that we were looking for to lead the financial components of our business…

Fincantieri to Revamp Grimaldi Ferry Pair

Photo courtesy Fincantieri

Fincantieri and the Grimaldi Group have signed a letter of intent for the cruise ship lengthening and transformation program "Cruise Rome" and "Cruise Barcelona" . The construction of the sections that will be inserted in the ships will begin in 2018, while the end of the operations is expected, at the Palermo plant, by the summer of 2019. The two units, currently used on the daily route Civitavecchia-Porto Torres-Barcelona with the livery "Grimaldi Lines", were built by Fincantieri…

Damen Merges Marine and Van der Velden units

Steef Staal - Wim Knoester handshake Photo courtesy Damen

Damen Marine Components (DMC) and Van der Velden Marine Systems (VDVMS) announced a merger. As of 1st January the two companies are operating together as Damen Marine Components Netherlands (DMC NL). DMC has been operating ever since the early eighties of the last century in the Damen Shipyards Group, whilst VDVMS has been operating as an independent part of the Damen Shipyards Group’s components division since 2013. So in many ways the merger represents a continuation of a successful working relationship.

Samsung Heavy: New Share Issuance Worth $1.31 Bln

South Korea's Samsung Heavy Industries Co Ltd said on Tuesday the expected value of its planned new share issuance has been cut to 1.41 trillion won ($1.31 billion) from a previously-announced 1.56 trillion won.   The shipbuilder said in a regulatory filing that the value of the issuance had been changed with newly issued shares to be assigned at 5,870 won per share, instead of the originally planned 6,510 won per share.   Samsung Heavy shares have fallen about 35 percent since the plan to issue new shares were announced in early December. ($1 = 1,073.8500 won) (Reporting by Joyce Lee Editing by Stephen Coates)

Hyundai Heavy Scales Back New Share Issue, to Raise $843 Mln

South Korea's Hyundai Heavy Industries Co Ltd said on Tuesday it plans to raise 906.5 billion won ($843 million) with its new share issue, less than a previous target of about 1.3 trillion won.   The shipbuilder said in a regulatory filing that the new shares would be priced at 98,800 won per share.   Shares in Hyundai Heavy, which tumbled in late December after it announced the share issuance plan to bolster its balance sheet, surged 7 percent on Wednesday. ($1 = 1,075.2000 won) (Reporting by Joyce Lee; Editing by Edwina Gibbs)

Eagle Bulk Shipping Reports 4Q Loss

Image: Eagle Bulk Shipping

US based owner-operators of Supramax dry bulk vessels reported a loss of $16.6 million in its fourth quarter ended December 31, 2017, compared to a net loss of $142.4 million for the fourth quarter in 2016. The shipping company posted revenue of $74.6 million in the period, representing an increase of 78% compared to the same period in 2016. Gary Vogel, Eagle Bulk's CEO, commented, "During the fourth quarter, Eagle Bulk's active management operating model drove outperformance of the benchmark Baltic Supramax Index for the fourth consecutive quarter…

Fjord1 Orders Seven Battery-Powered Ferries with Havyard

Photo: Havyard Group

Havyard Group will be delivering the design for seven battery-powered ferries to Norwegian transportation company Fjord1, five of which will be built at the company’s own shipyard. Havyard and Fjord1 will thereby continue their partnership to achieve a green revolution on the Norwegian fjords. With this contract, Havyard Group has orders for 13 battery ferries at its own yard and has sold 12 battery ferry designs. "We have put the ferries in operation by using advanced simulation tools, this way we could optimize them to the outmost.

Global Ship Lease Reports 4Q Loss

Photo: CMA CGM

UK-based containership owner  Global Ship Lease (GSL) reported a loss of $99.1 million in its fourth quarter. It posted revenue of $37.9 million in the period. For the year, the company reported that its loss widened to $74.3 million, or $1.61 per share. Revenue was reported as $159 million. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, “In 2017, we continued to benefit from our attractive long-term charters and strong relationships with top-tier liner companies.

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