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Saturday, January 20, 2018

Startup News

MOL Group Seeks Startups Offering Innovative Solutions

North Sea block. Photo: MOL Group

MOL Group has announced a call for applications for startups with innovative solutions in the fields of mobility, loyalty marketing and big data, retail, as well as parcel delivery and distribution. The 3-month program, taking place in Budapest, in cooperation with the Hungarian incubation agency Design Terminal, is directed at startups whose solutions meet one of the objectives of MOL Group’s 2030 strategy: to become the first choice of customers on the move. MOL Group invites startups whose solutions are currently at developed incubation phase.

VARNA Products Works with Cummins Power Generation on Blackstart Prelube

Cameron Park, Ca….VARNA Products, manufacturer of industrial and marine oil and fuel oil pumps and turnkey control solutions is working with Cummins Power Generation to provide Turnkey DC Blackstart Prelube Systems for some QSK60L and QSV91L critical power generator sets. VARNA Prelube Pumps Minimize Engine Wear at Cranking and Help Ensure Generators Start. The highest engine wear rate occurs during startup. The longer the period between engine starts, the more engine damage that occurs.

Top Experts in Advisory PortXL

Photo:  PortXL

The advisory committee is, together with the board of trustees, the strategic advisory body of the PortXL accelerator program. PortXL is a mentorship driven open innovation program to accelerate tech startups from all over the world focusing on port related industries. The program wants to strengthen innovative activities into the ecosystem of Rotterdam and open the port of Rotterdam network to startups. "We are proud to have such a broad mix of leaders from various markets and areas of expertise.

Gruenhagen Named CFO at MV WERFTEN

Richard Gruenhagen (Photo: MV WERFTEN)

Shipbuilding group MV WERFTEN said it has appointed Richard Gruenhagen as Managing Director of Finance and Administration to reinforce the group's Management Board as new CFO effective February 1.   Gruenhagen graduated from Indiana University, is a Certified Public Accountant (USA), has many years of experience as Executive Financial Management Professional, broad business experience as CFO, Director of Finance, Chief Accountant and as Head FP&A & Controlling in large global companies and startups, incl. ABB and GE. Most recently, Gruenhagen worked as CFO at DHL Logistics in Switzerland.

Petrobras Likely to Miss 2014 Output Goal

Photo: Petrobras

Brazil's state-run Petrobras will probably not meet its oil and gas production target for 2014 because of continued delays in the startup of new offshore oil platforms, a government source with direct knowledge of the situation told Reuters on Monday. Petrobras set a 2014 goal of increasing output by 7.5 percent, plus or minus one percentage point, hoping to break a string of missed targets caused by declining output from its largest existing fields and delays in new areas. (Reporting by Roberto Samora and Leonardo Goy; Writing by Jeb Blount; Editing by Jonathan Oatis)

Xtreme Adds Boating Industry Veteran to Advisory Board

Xtreme Companies, Inc. announced that Mike Phillips has been named to the Xtreme advisory board. Over a twenty year career, Phillips co-founder of major boat manufacturer Crownline, has also spearheaded the sales and dealer networks for two other startups (Mariah and Celebrity) which cumulatively delivered an aggregate of over $1 billion in boat sales throughout North America, South America and Europe.

CNOOC May Delay Deepwater Rig Startup to 2011

According to a June 8 report from Bloomberg, China National Offshore Oil Corp., the country’s biggest offshore energy explorer, may delay the startup of its first deepwater rig until 2011 because of a safety review after BP Plc’s oil spill in the Gulf of Mexico. The rig to be deployed in the South China Sea may not turn operational until the first quarter. (Source: Bloomberg)

BP Signs Crazy Horse Hull Fabrication Contract

BP Announced it has signed a Letter of Intent with Daewoo Shipbuilding & Marine Engineering Company, Ltd. of South Korea for detailed design, fabrication and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico. The $380 million contract calls for delivery in the first quarter of 2004, in time for module integration and production startup in early 2005. equipment, a 188 person quarters, and a complete dual-hoist 2 million pound capacity 5th generation drilling system. Daewoo will build the unit at its fabrication yard in Okpo, Korea. The lower hull measures approximately 350 feet by 350 feet and the upper deck box will measure approximately 350 ft. by 450 ft. largest semisubmersible production/drilling unit in the world. (FEED) work.

BP Delays Thunder Horse Again

BP PLC (BP) reported that its Thunder Horse Gulf of Mexico project faces another setback, as a metallurgical failure will delay first production for at least 18 months pending the rebuilding of all production equipment on the sea bed, according to a Dow Jones Newswire report. The offshore oil and gas platform's new startup date will be mid-2008, a year and a half later than the previous estimate of early 2007, the London-based energy major said. The mammoth Thunder Horse field, the largest oil discovery in the deepwater Gulf of Mexico, has been plagued by delays since the platform was left listing after the passage of Hurricane Dennis in 2005.

Offshore Brazil Energy Output Climbing as FPSO's Come On-line

FPSO: Photo courtesy of Petrobras

In June 2013, Petrobras’ total output (oil and natural gas) in Brazil averaged 2,378 thousand barrels of oil equivalent per day (boed), 4.8% higher than May. Including the share operated by Petrobras for partner companies, total production in June was 2,489 thousand boed, 5.5% higher than the previous month. The increase in production was due to the startup of new wells connected to platforms FPSO Cidade de Itajaí, in Baúna field, Santos Basin, and FPSO Brasil, in Roncador field…

2014 Freight Market Analysis

Photo: Greg Trauthwein

Consultancy and sales company in the transport and logistics industry, CarrierDirect, released its semiannual freight market perspective this month, giving guidance on what to expect for 2014 and how company leadership should be shaping their strategies to compete in the everchanging marketplace. CarrierDirect said coming from a somewhat better than anemic 2013, the transport and logistics industry has gotten some wind back in its sails as freight tonnage has gone up. Some companies…

CMA CGM Enhances Investment in Startup TRAXENS

Logo

The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative. This capital increase will be dedicated to financing new research and development programs, as well as industrialization. With 90% of the world’s commercial products being carried by sea, maritime transport is the main mode of transportation. CMA CGM, third largest shipping company in the world, carries over 12 million containers every year.

Wärtsilä Opening ‘Digital Acceleration Centers’

Wärtsilä has set out to accelerate new business ideas using a collection of “Digital Acceleration Centers” (DAC) scattered around the globe. The first DAC in Helsinki has been running in beta for several months and was officially launched today, and will be followed by the second to open in Singapore in December, as well as one in Central Europe and one in North America anticipated during 2018. Additional “pop-up” DACs will be tested with customers at other locations. Wärtsilä said opening the DACs is part of its digital transformation, which aims to help the company shift toward a data-driven, insights led, smart technology. Wärtsilä's Chief Digital Officer, Marco Ryan, explained, “The Digital Acceleration Center is all about getting business outcomes at pace.

PSA International Starts VC Arm

File Image: container operations underway ashore (Port of Wilmington)

Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups. PSA said it would seek to invest in companies developing logistics solutions, including robotics and automation in container and cargo handling operations. "Through PSA unboXed, we want to encourage creative ideas that can improve and revamp logistics technology, increase port productivity and enhance the integration…

Svitzer Continues Its Expansion In Towage

SVITZER ODEN assisting Ebba Maersk,Gothenburg, Sweden. Photo: Svitzer A/S

In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m). In the first 6 months of 2016, Svitzer expanded its market share in key markets. It is also in the midst of implementing several long term contracts in its terminal towage segment. The startup costs of new operations, including a subsequent newbuilding program, impacts Svitzer’s return on invested capital (ROIC), which for the first 6 months of 2016 was satisfactory at 8.6% (11.3%).

JMS Hires Business Development VP

Justin Manley has joined Juliet Marine Systems (JMS) as Vice President of Business Development and Marketing, the company announced today. Manley brings over 20 years of experience in the marine technology sector including roles at Massachusetts Institute of Technology (MIT) and with the National Oceanic and Atmospheric Administration (NOAA). He has also led growth of sales and development of new products at both startup companies and public corporations. At JMS, Manley will lead all aspects of sales, marketing and business development. In addition to his new role at JMS, Manley is involved in the marine technology profession through a variety of leadership roles.

Netsco Forms Choice Ballast Solutions

Rich Mueller, President and CEO of Netsco, a company in marine engineering and naval architecture firm since 1984, has established Choice Ballast Solutions, LLC (Choice) to provide additional engineering and service capacity. Choice offers shipowners assistance with selection, engineering and installation of ballast water management systems. Choice services include surveys, engineering, drawings, project management, equipment commissioning and startup and service. Choice said it recognizes that the ballast water treatment market is stalled due to structural constraints, (lack of equipment type approval from the U.S. Coast Guard and/or ratification of the 2004 Ballast Water Treatment (BWT) Convention).

LNG Cold-Ironing Cruise Ship Barge on the Stocks

Model image courtesy of Becker Marine Systems

Hamburg-based Hybrid Port Energy GmbH, has awarded a building contract to Shipbuilding and Machinery of Komárno, Slovakia to build the world’s first LNG Hybrid Barge to supply low-emission electrical power to cruise ships in port. The LNG Hybrid Barge will be delivered by summer 2014, only two years after the initial project startup. The 74 m long barge will be stationed in the Port of Hamburg, which will then be the first port in Europe able to provide cold ironing power to cruise ships.

FPSO Start-ups Boost Petrobas Offshore Brazil Production

Oil output (oil plus natural gas liquids - NGL) from all of Petrobras' fields in Brazil averaged 1.979 million barrels per day (bpd) in September, which is 3.7% higher than the average output of the previous month (1.908 million bpd). Petrobas explain that this positive result was due to the startup of new wells on platforms FPSO Cidade de Itajaí (Santos Basin), P-53 and P-54 (Campos Basin) and FPSO Piranema (Sergipe Basin). In line with the planned schedule, the maintenance stoppages in September of P-26 and P-35, both in Marlim, were concluded, as well as the activities related to the upcoming stoppage of P-51, in Marlim Sul, and of the natural gas processing plant UPGN2 in Urucu, in UO-AM. The highlight of the month was the pre-salt output record of 326,800 bpd.

Adsteam Considers Expansion

According to an Australian Associated Press report, maritime services company Adsteam Marine Ltd is considering expanding operations into Asia and mainland Europe as part of its growth strategy. The firm was now considering expanding its existing markets as well as looking at new acquisitions since restructuring the business over the last two and a half years, according to the report. Adsteam - which operates more than 200 tugboats, barges, workboats and launches - earlier told shareholders at its annual general meeting that it expects net profit to be in the range of $42 million to $46 million this year. Last year the firm booked a $38 million net profit after adjusting for new international accounting standards.

New Schlumberger Seismic Vessel Sets String of Records

Schlumberger announced its new seismic vessel, Geco Eagle, has successfully been deployed for her first acquisition job and has broken several world records in the process. The vessel left the shipyard where it was built in Bergen, Norway, and traveled halfway around the globe to Brazil - a distance of 6,359 miles - to take up her first job in the Campos and Santos basins on behalf of Amerada Hess and partners. This is the most remote startup ever undertaken by any seismic acquisition vessel. Geco Eagle then took fewer than seven days between deploying the first streamer section and recording the first commercial 10-streamer production. Now in full production, Geco Eagle continues to set new standards for the seismic industry.

Maritime Community Remembers Henry Reynolds

Henry E. Reynolds, who had been a member of the maritime community, died suddenly of a heart attack on January 28, while working on assignment in San Juan, Puerto Rico. Reynolds, 53, began his maritime career when he arrived in South Florida in the early 1970s as a crew member on a sailing schooner. In 1981 he played an intricate role in the startup of Titan, a small, struggling salvage company, from where he moved on to Ellen & Co. as a steamship agent and, later, as agency manager. Reynolds then rejoined Titan in 1996, where he had remained as job coordinator for the last four years.

CNOOC Announces Startup of New Platform

CNOOC Limited announced that Platform C of Phase of Penglai (PL) 19-3 has come on stream successfully. This is the first Wellhead Platform starting production in Phase â…¡development of PL19-3. The development facilities in Phaseâ…¡of PL19-3 include: 5 wellhead platforms, a central processing facility and a world-class FPSO, with a designed processing capacity of 190,000 barrels of oil per day. PL19-3 oil field is located in Block 11/05 in Bohai Bay, the largest oil field offshore China currently. The field is jointly developed by CNOOC Ltd. and ConocoPhillips China Inc. (COPC). CNOOC Ltd. holds 51% interest of PL 19-3 and the Operator, COPC holds the rest 49%. Phase of PL 19-3 has started production successfully in December 2002.

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

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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