Shipping News

22 Mar 2019

KVH Expands HTS Maritime Network

Vessels in Asia Pacific, U.S. Pacific Northwest, and other key shipping areas benefit from the latest satellite technology by using KVH’s mini-VSAT Broadband HTS network.KVH Industries announced that it has expanded its mini-VSAT Broadbandsm HTS network to the Pacific Ocean via the Horizons 3e satellite, which is jointly owned by Intelsat and SKY Perfect JSAT. The high-performance Horizons 3e satellite immediately adds to the global coverage and capacity of KVH’s mini-VSAT Broadband HTS network, which provides connectivity to vessels worldwide.

22 Mar 2019

OP/ED: The Capital Construction Fund

Tom Escher, owner, Red and White Fleet

How to make the Capital Construction Fund work for all vessel owners and operators.The Red and White Fleet is a passenger vessel operator on San Francisco bay with roots back to 1892. We make no secret of the fact that we want to build new vessels with zero environmental signatures, all in an effort to increase employment for shipyard workers, provide new jobs for US mariners, and provide a training ground to support the growth of the U.S. flag deep sea ships. That mission is, today, unnecessarily difficult. The reasons why are easy to see.Not too long ago, H.

22 Mar 2019

Teekay Joins SRTI

Image: Teekay

Teekay Shipping Corporation, the global marine energy transportation, storage & production company, has signed up to the Ship Recycling Transparency Initiative (SRTI).The Canadian shipowner thus  joined A.P. Moeller-Maersk, the China Navigation Company, Wallenius Wilhelmsen and other major maritime players and becomes the eighth to make public their approach to ship recycling.“Teekay is committed to helping the ship recycling facilities that we work with elevate their skills and performance to increase safety and sustainability…

22 Mar 2019

d’Amico Bullish on Product Tanker Market

Image: d'Amico International Shipping

The outlook on the product tanker market is very positive, said Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping .On the demand side, the world product seaborne trade is expected to grow by 3% already in 2019 supported by an expected strong underlying oil consumption growth and by forecasted global refinery capacity additions of 4.9 million barrels a day between 2019 and 2021, he pointed out.In particular, 2019 is expected to be characterized by one of the largest annual increases in refinery capacity in years…

21 Mar 2019

ZIM: Higher Revenues, But a Loss in 2018

Pic: ZIM

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However, the global container liner had a net loss in 2018 of $119.9 million, including an impairment loss of $38.0 million with respect to vessels classified as held for sale, compared to net profit of $11.4 million in 2017.Adjusted earnings before interest…

21 Mar 2019

HMM Intros Scrubber Installation Fund

Photo: From left to right: Young-Jun Yoon (CEO of PANASIA), Jun-Sup Shin (CEO of DSEC), Myeong-Ho Ha (CEO of Hyundai Corporation), Ho-Seon Hwang (KOBC), C.K. Yoo (President & CEO of HMM), Seok-Won Seo (President & CEO of SKTI), Kwang-Hun Ahn (CEO of Hyundai Global Service), and Ki-Cheon Nam (CEO of Multi Asset Global Investments)

South Korean shipping company Hyundai Merchant Marine (HMM) announced that it has signed a memorandum of understanding (MOU) to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries.The total investment amount will be KRW 153.3 billion (USD 135.8 million) which consists of HMM’s investment of KRW 46 billion and the rest of the amount of KRW 107.3 billion (including Korea Ocean Business Corporation’s…

21 Mar 2019

Anadarko Mulls 16 LNG Charters for Mozambique

An LNG carrier transits the Med in a recently taken image (CREDIT: Robert murphy)

Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.Anadarko said all the contracts signed so far, for over 9.5 million tonnes a year (mtpa) out of a capacity of 12.88 mtpa, were on a delivered ex-ship (DES) basis.The company could have sold the LNG on a free on board (FOB) basis, as do many U.S.

21 Mar 2019

2019 Shipping Season to Open for Duluth

USCGC Mackinaw in Duluth. Credit: port of Duluth

Last night’s arrival of United States Coast Guard Cutters Alder and Mackinaw signaled that the 2019 commercial shipping season is soon to commence for the Port of Duluth-Superior and the entire region.The Alder and Mackinaw made their way across Lake Superior from Sault Ste. Marie, Michigan, opening a 100-foot lane in the ice that will be widened soon by Canadian Coast Guard Ship Samuel Risley in support of breakout efforts that will also include local tugs from the Great Lakes Towing Company and Heritage Marine.

21 Mar 2019

First Ever ‘DP Digital Survey’

(Photo: Kongsberg Maritime)

A team of industry partners say they have successfully tested a new solution for dynamic positioning (DP) system performance and redundancy audits – an industry first.Developed by Norway's Kongsberg Maritime in collaboration with offshore service provider BOURBON and DP experts at Bureau Veritas (BV), the ‘DP Digital Survey’ application runs on an industrial data management system that ensures unprecedented data consistency for the verification of installed systems, Kongsberg Maritime explained.

21 Mar 2019

Marine Coatings: Moving with the Tide

Andreas Glud, Group Segment Manager, Marine, Dry Dock, Hempel A/S

The maritime industry has always followed a path of gradual improvement, albeit with many opting to travel the route of least resistance. In some ways, this is a good thing. A cautious approach to navigating change brings stability, assurance and predictability. This measured attitude toward managing change has been fundamental to ensuring that the commercial shipping industry remains the most financially viable transportation solution for moving most goods around the world. But…

21 Mar 2019

Damen: Construction of Shortsea LNG Bunker Vessel Underway

Artist's depiction of the shortsea LNG bunker vessel (CREDIT: Damen)

Steel cut for first short-sea LNG bunker vessel for Eesti Gaas at Damen Yichang Shipyard, China.On March 18, 2019, a ceremony was held at Damen Yichang Shipyard, China, to mark the start of cutting steel for the first of a planned series of short-sea LNG Bunker vessels to be built for Eesti Gaas of Estonia. The 6,000m³ capacity vessel and its future sister-ships are intended to accelerate the wider adoption of LNG as a cleaner alternative fuel in the north-eastern region of the Baltic Sea by providing a mobile and efficient ship-to-ship distribution service for the first time.Virgo Vinkel…

21 Mar 2019

First 'DP Digital Survey' Completed

Image © Bourbon

Kongsberg Maritime, Bureau Veritas (BV) and Bourbon verify a new application that enables remote surveying of Dynamic Positioning systems on boardKongsberg, BV and Bourbon announced a first in the maritime industry: the successful testing of a new solution for DP (Dynamic Positioning) system performance and redundancy audits.The ‘DP Digital Survey’ application runs on an industrial data management system to help ensure data consistency for the verification of installed systems.

21 Mar 2019

Norway Cautious on Indian shipbreaking

Image: NGO Shipbreaking Platform

The Council on Ethics of the Government Pension Fund Global (Oil Fund), Norway's $1 trillion sovereign wealth fund (SWF), said that it will turn its attention towards Indian shipbreaking practices.The SWF cautioned that this may well result in further divestments from shipping companies with poor shipbreaking records.In 2018, the Council on Ethics had already advised the fund to divest from companies, including container line Evergreen, selling their end-of-life vessels to shipbreaking…

20 Mar 2019

Uber Freight Expands into Europe

Pic: Uber

Uber has announced that its lesser-known service, Uber Freight, will be arriving in Europe helping independent trucking companies with logistics.Next month, Uber Freight will start operations in the Netherlands, marking the unit’s first international expansion, the company said.The newly spun out Uber business unit that helps truck drivers connect with shipping companies sad that Holland was selected as the launch country due to its “dense logistics hub connecting Europe.”"The inroads we have made in the U.S.

20 Mar 2019

ABS Explores Pathways to 2050 in Germany

Pic: ABS

ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of classification and technical advisory services to the marine and offshore industries.“ABS is committed to the German market and we have relocated European management to Hamburg to further enhance our deep relationships with German ship owners.

20 Mar 2019

Project NEPTUNES: Noise Control in Port

Pic: World Ports Sustainability Program

Upcoming Project NEPTUNES is set to offer a best practices guide for ports on measuring, labelling and mitigating noise emissions of vessels at ports.Up until today, there is a noticeable absence of any universal measurement protocol for the quantification of noise performance of ships in port. Nor is there any recorded information or standardised data regarding noise or nuisance in and around ports.The information that is available varies enormously and is rarely translated into concrete measures to mitigate that noise.Frank Wolkenfelt…

20 Mar 2019

New Director for Isle of Man Ship Registry

Cameron Mitchell. Pic: Official LinkedIn Page

The Isle of Man Department for Enterprise has announced the appointment of Cameron Mitchell as the next Director of the Isle of Man Ship Registry. He will start his post from 1st April 2019.Cameron has a strong history in the shipping industry working with leading operators Maersk, Geest Line and Farstad Shipping for over 10 years as an engineer.Cameron has also held various roles at the Isle of Man Ship Registry, working as a surveyor for 9 years before taking over as Deputy Director in 2018.

20 Mar 2019

Large Containerhip Order for MAN ES

Photo: MAN Energy Solutions

Eastern Pacific Shipping exercised an option connected with an order for 5 × 15,000-TEU containerships placed in November 2017, and requested another six vessels. All 11 engines involved in the order will be powered by MAN B&W-branded two-stroke engines.The first five engines will be conventional MAN B&W 11G90ME-C units equipped with scrubbers that are due for delivery between 2019-2020. The additional six units will be built as MAN B&W 11G90ME-GI dual-fuel configurations operating on LNG with delivery dates scheduled between 2020-2022.

20 Mar 2019

ICS Updates Flag State Performance Table

Photo: ICS

The International Chamber of Shipping (ICS) has published the latest update of its Flag State Performance Table, which can be downloaded free of charge via the ICS website.The annual update, which is also supported by the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA), provides an indication of the performance of individual flag administrations, using information available in the public domain. Since the Table was launched 15 years ago, ICS says it has been pleased by the ongoing improvement which the data has helped to demonstrate.

20 Mar 2019

Shearwater Bags Turkey Seismic Contract

Image: Shearwater GeoServices

The global provider of geophysical marine seismic acquisition Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Turkish national oil and gas company Türkiye Petrolleri Anonim Ortakligi (TPAO).The survey contract covers an area of 2200 sqkm and includes fast track processing, followed by full time and depth processing, but location not revealed.Work will commence in Q2 2019 and will be conducted by the Polar Empress, said a press release.“We are very pleased to see the Polar Empress contracted by TPAO for this 14-streamer survey…

20 Mar 2019

Amsterdam Port Pushes Intermodal

Image: Port of Amsterdam

The shipping companies and terminals in and around Amsterdam port are launching a range of initiatives for using rail more extensively for the transport of cargo, including containers and liquid bulk cargo.Recently Port of Amsterdam organised a rail freight transport breakfast session for clients and stakeholders who have an interest in rail freight transport. This is because the accessibility of rail freight transport in the Amsterdam port area is not a given and faces a clear…

20 Mar 2019

NYK Secures Japan’s First ESG Loan

Image: NYK

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) has entered into a 9 billion yen syndicated loan agreement in which the proceeds will be used solely for the purpose of funding environment-friendly projects."This is Japan’s first syndicated loan to be certified by Japan Credit Rating Agency (JCR) with its highest ranking of “Green 1,” thus demonstrating the loan to be aligned with the core components of the Green Loan Principles," said a press release from the global…

20 Mar 2019

PSA, Partners Jointly Acquire Gdańsk

Pic: Macquarie Group Limited

Singapore-based port operator PSA International, Poland’s sovereign wealth fund PFR, and IFM Global Infrastructure Fund (GIF), have agreed a deal with Australian infrastructure firm Macquarie to buy Poland’s largest container port DCT Gdansk.DCT Gdańsk is situated at the crossroads of the Baltic deep-sea trading routes and holds a strategic position as a major gateway into Poland and Central-Eastern European markets.Construction of the Port began in 2005 with the outgoing shareholders…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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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