Shipping News

21 Jan 2019

Safety Management Systems: A Good fit for Passenger Vessels?

Captain Lee Boone is the Chief of the U.S. Coast Guard’s Office of Investigations & Casualty Analysis

The evidence and industry subject matter experts both say ‘yes.’In its recently released SAFER SEAS DIGEST, Lessons Learned from Marine Accident Investigations (2017), the National Transportation Safety Board (NTSB) reports investigating numerous accidents across all modes of transportation where a properly implemented safety management system (SMS) could have prevented injuries, loss of life, or material damage. That document spans analysis of casualties across the full spectrum of all manners of marine craft…

21 Jan 2019

USCG Arctic Satellites aim to Add Margin of Safety

SpaceX’s CRS-16 Mission.
Photo: Courtesy SpaceX

The U.S. Coast Guard’s mission of keeping the seas safe will soon get an additional boost from space with two polar satellites. The two satellites, called “cube satellites” or “cubesats” for their small size of about 60 square centimeters, or a little under 2 feet, will be part of a payload on a SpaceX Falcon 9 rocket scheduled to launch from Vandenberg Air Force Base in California Nov. 28. Although the Coast Guard has used satellite technology for years, these two are the first to be entirely dedicated to a Coast Guard mission. The initiative is part of the U.S.

21 Jan 2019

Deltamarin Wins Design of Titanic II Project

Titanic II ocean liner. Credit Blue Star Line

Passenger and cargo shipping company Blue Star Line has contracted Deltamarin to continue with the design of Titanic II. The contract covers activities and tasks for the design process, consultancy and project management services.Deltamarin will provide Blue Star Line with outline design services including finalizing and modifying the existing design to comply with the latest rules and regulations. These include the SOLAS 2020 requirements and the Energy Efficiency Design Index (EEDI).Deltamarin will also further develop the design together with the selected yard and Blue Star Line…

21 Jan 2019

Seaspan Corp.Prepays Credit Facility of Eight Vessels

Pic: Seaspan Corporation

The  charter owner and manager of containerships Seaspan Corporation announced that it has prepaid a credit facility which was secured by eight of its vessels.Upon completion of the collateral release documentation in respect of this facility and the facility prepaid in November 2018, this will expand Seaspan's pool of unencumbered vessels to 32, from 24 as reported in its press release dated November 26, 2018, and 18 as reported in its Q3 2018 earnings press release.This includes vessels securing debt which has been repaid in November 2018 and January 2019, pending completion of collateral re

21 Jan 2019

Hyundai Heavy Industries Wins New Orders on Tanker Vessels

Pic: Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd (HHI) announced  that it won an order to build two crude carriers from a shipping company based in Europe.The ships would be built by the group’s Hyundai Samho Heavy Industries brand and are scheduled to start delivery in the second half of 2020The world’s largest shipbuilder by sales said that the unnamed European shipowner is paying $130m for the two 158,000-dwt vessels.HHI will deliver the 274-meter-long and 48-meter-wide vessels from the second half of 2020 onward…

20 Jan 2019

DSME Bags Order for Two VLCCs

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won orders to build two very large crude carriers (VLCCs).Oman Shipping Company (OSC), the wholly government-owned national shipping line of the Sultanate of Oman, has signed a deal with DSME for the construction of two next-generation, eco-friendly VLCCs, tweeted OSC.The pair of ECO VLCCs will be built at the Okpo shipyard of DSME, which counts among the world’s largest shipbuilders.“The vessels are of 336-metres length, 60-metres wide, and can each carry 300,000 tonnes of crude; these are next generation eco-friendly vessels that meet the environmental regulation standards of IMO (The International Maritime Organisation).

20 Jan 2019

Oldendorff Sells Three Vessels in in CSL Pool to Algoma

Pic: Oldendorff

The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL International Pool is a partnership between Oldendorff Carriers, Marbulk Shipping Inc. and Algoma Shipping Inc.The vessels -Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) -  are expected to deliver to Algoma around the middle of 2019.All…

20 Jan 2019

BPER Banca Finances Augustea Navigation

Pina Cafiero, a vessel owned by Augustea Group

Italian banking group BPER Banca is financing up to USD 8 million to Augustea Navigation to refinance its acquisition of a bulk carrier built in 2010 under an Italian flag. Watson Farley & Williams (WFW) has advised on the deal.A press release from the  international law firm based in London said that BPER Banca, formerly known as Banca Popolare dell’Emilia Romagna S.C., is a commercial and co-operative bank and the parent of the BPER Group, one of Italy’s leading banking groups.

20 Jan 2019

India Fines Dutch Vessel Owner for Beaching Ship

Pic: NGO Shipbreaking Platform

Dutch ship owner Holland Maas Scheepvaart Beheer II BV has been fined 780.000 EUR and paid a settlement of 2.2 million EUR - totaling to a price tag of almost 3 million EUR - for having beached a ship for scrapping in India.According to a press release from NGO Shipbreaking Platform, in 2013, Holland Maas Scheepvaart Beheer II BV, a subsidiary of WEC Lines BV, sold the HMS Laurence to a cash buyer, a company specialised in the trade of end-of-life vessels to beaching yards.The vessel ended up in Alang…

19 Jan 2019

IMO 2020: Oil Refining Capacity to Grow at Record Pace

© beerphotographer/AdobeStock

Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said.Oil refining capacity will rise by 2.6 million barrels per day (bpd) and demand for refined products by around 1.1 million bpd, the IEA said in a monthly report.It was not clear yet what that meant for margins, which slumped as the price of crude rose last year, said the Paris-based IEA…

19 Jan 2019

Ballast Water Management: By the Numbers

Photo: ABS

With compliance deadlines on the horizon for many shipowners, the study revealed a critical need for owners to start their technology-selection process, and to resist buying BWM systems based on initial price alone.ABS has just completed its second comprehensive survey of the shipping industry’s progress towards global compliance with ballast-water regulations, finding just over a third of installed management systems (BWMS) to be fully operational.The survey’s findings, which were supported by a series of workshops in New Orleans…

18 Jan 2019

U.S. Government Shutdown: Assessing the Impact on Maritime

Family and friends met aboard the Coast Guard Cutter Bertholf's flight deck to reunite with Bertholf crewmembers following the cutter's return home to Alameda, Calif., after a 90-day deployment, Sept. 4, 2018. Bertholf is one of four 418-foot National Security Cutters homeported in Alameda. U.S. Coast Guard photo by Petty  Family and friends met aboard the Coast Guard Cutter Bertholf's flight deck to reunite with Bertholf crewmembers following the cutter's return home to Alameda, Calif., after a

On December 22, 2018, a continuing resolution passed by Congress to fund a portion of the U.S. Government into the 2019 fiscal year expired and was not renewed resulting in a partial federal government shutdown. Among the affected Executive Departments are the Department of Homeland Security (which includes the Coast Guard and Customs and Border Protection), the Department of Transportation (which includes the Maritime Administration), the Department of Interior (which includes the Bureau of Environment and Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM))…

18 Jan 2019

BREXIT: North P&I Gets OK for Dublin Brexit Hub

Paul Jennings (Photo: North P&I)

British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…

18 Jan 2019

IRClass Signs MoU with Government of Assam

Logo: IRClass

The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of navigable inland waterways in India. Plans include…

18 Jan 2019

LNG REPORT: 143 LNG-Powered Vessels in Operation, 270 to Come

Image: SEA\LNG

Currently, the liquefied natural gas (LNG)-powered fleet has grown globally from 118 LNG-powered vessels in operation in 2017, to 143 LNG-powered vessels in operation – with a further 135 on order and 135 LNG-ready ships either in operation or on order.According to the LNG bunkering coalition SEA\LNG, Orders for LNG-powered vessels span a variety of vessel types including tankers, cruise ships, container ships, car carriers, and Very Large Ore Carriers (VLOC)s.A press note issued by Peter Keller…

17 Jan 2019

Vietnam Welcomes World's Largest Container Ship

Image: APM Terminals

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT…

17 Jan 2019

CMA CGM Unifies Containerships and MacAndrews Brands

 Image: MacAndrews

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

17 Jan 2019

Partners Extend Ocean Alliance to 2027

(Photo courtesy CMA CGM)

Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an initial period of five years with an option for a five-year renewal.The partners confirmed they will extend to the alliance's full 10-year duration, during a signing ceremony in Hainan, China on Thursday.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

17 Jan 2019

MOL Rolls Out Fleet Xpress Across Fleet

Logo: Inmarsat

Mitsui O.S.K. Lines (MOL)  is to increase the roll-out of Inmarsat’s Fleet Xpress Service, across the remainder of its owned and managed fleet. The Japanese shipping company was among the earliest adopters of Fleet Xpress; deploying Inmarsat’s global high-speed broadband connectivity on the majority of its Car-Carriers in 2016, shortly after the launch of the next-generation service. Currently it has over 100 vessels installed. MOL will now install Fleet Xpress across its managed and owned fleet of Bulk carriers…

17 Jan 2019

BWC, Erma First Team on Containerized BWMS

Photo: BWC/ERMA FIRST

BWC and ERMA FIRST have agreed a collaboration which will increase the Ballast Water Management options available to the shipping industry.Ballast Water Containers CEO, Richard Lawson commented: "After working closely with their technical team over the past three months we are now able to offer a containerized version of the ERMA FIRST FIT system. A ship owner can now reduce yard installation time and achieve a better control of their budget by ordering a pre-fabricated, pre-installed BWC ERMA FIRST container or deckhouse.”

17 Jan 2019

Bridge Collapse Blocks Belgian Canal Traffic

Shipping was blocked on the Brussels-Willebroek canal just north of the Belgian capital on Thursday after a ship struck a bridge near the town of Grimbergen, police said.The Humbeek bridge, which rises on cables to allow barges to pass beneath, was badly damaged, according to police cited by local media, although no one was injured.The canal carries significant amounts of freight between Brussels and the Scheltdt estuary around Antwerp.(Reuters reporting by Alastair Macdonald Editing by Gareth Jones)

17 Jan 2019

Seacor Marine Acquires Three Cosco PSVs

Image: DNV GL

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner.Aggregate consideration for the vessels will be approximately $46 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between Seacor   Marine and Cosco…

17 Jan 2019

Adnoc Fleet Slashes Carbon Emission 23%

Image: Adnoc

Adnoc Logistics & Services (Adnoc   L&S) announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels.The marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc ) said in a press release that the ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to deliver greater operational efficiency and a more competitive offering to its customers.As the owner and operator of 27 shipping vessels and a total fleet of 122 shipping and offshore vessels…

Maritime Reporter Magazine Cover Jan 2019 - Ship Repair & Conversion: The Shipyards

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.

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