Marine Link
Monday, October 15, 2018

Transportation News

AWIA/WRDA Overwhelmingly Passes in Senate

File Image: AdobeStock / © SunnyS

Bill now heads to White House for President Trump’s signature.Today, the Senate voted 99-1 in favor of America’s Water Infrastructure Act of 2018/Water Resources Development Act, otherwise known as WRDA 2018. The Bill passed in the U.S. House by unanimous voice vote (435-0) in August.“The passage of WRDA 2018 is a win for the Nation’s towboat operators, freight shippers, ports and labor and conservation groups that rely on an efficient inland waterways system,” said Mike Toohey, President and CEO of the Waterways Council, Inc. (WCI).

MSC Adds New Rail Service in Spain

Pic: MSC Mediterranean Shipping Company,

MSC Mediterranean Shipping Company is launching a new rail service to bring agricultural cargoes from Spain closer to the international markets.The transportation and logistics company said that the new service runs will improve links between Seville and Cordoba (Spain) and destinations in the Mediterranean, the Middle East and the Far East, beginning in October 2018. It is expected to run at least twice a week from both Seville’s inland maritime port – Puerto de Sevilla – and Cordoba’s cargo rail terminal and the port of Valencia…

Azerbaijan Caspian Shipping Expands Operations

Pic: Azerbaijan Caspian Shipping Company

The issue of expanding the activities of the Azerbaijan Caspian Shipping Company (ACSC) in foreign waters commissioned by President of the Republic of Azerbaijan Ilham Aliyev in order to eliminate dependence on a single market, while maintaining the leading positions of the Shipping Company in the Caspian Sea, is in the center of constant attention.Consistent measures are being taken in this direction. Expanding the activities of the Shipping Company in international waters is of great importance in terms of opening new jobs on a permanent basis…

Algoma Central Cancels Croatian New Build Contracts

Pic:  Algoma Central Corporation

Canadian shipping company Algoma Central Corporation has decided to cancel all four newbuild construction contracts with Croatian shipbuilder Uljanik.The provider of marine transportation services announced in a press release that that it has taken steps to cancel its remaining four new build construction contracts with a Croatian shipyard.The cancellation notices have been sent to the shipyard as a result of the Yard’s failure to secure refinancing and Algoma has no assurance…

Two VLCCs Join Navig8 VL8 Pool

Pic: Navig8

Navig8 VL8 pool is to take delivery of two VLCCs from Cosco Shipping Energy Transportation (CSET). The VL8 pool is one of the largest VLCC tanker pools in the world managed by Navig8.The 322,860dwt Xin Lian Yang (built 2014) will deliver to the pool later this month, with a second modern unit to be delivered during November."We are extremely excited to have received CSET's commitment and welcome CSET as a partner," said Jason Klopfer, Navig8 managing director.This increases the…

BMT’s REMBRANDT Receives Full Mission DNV GL Certification

Photo: BMT

BMT’s integrated navigation and maneuvering simulator suite REMBRANDT has been awarded Class A, B and C certification from DNV GL. The certification further builds on BMT REMBRANDT’s 30-year history as one of the maritime industry’s most recognized advanced project engineering support tools, supporting marine pilotage, ship operations, port design and risk management associated with complex transportation infrastructure systems.This classification award verifies BMT as a quality…

Star Bulk Carriers Announces $310mln Loan for Vessels, 50 Scrubbers

File Photo: Star Bulk

Star Bulk Carriers announced that it has entered into a $310 million loan agreement, which includes a $70 million tranche (Green Loan Tranche) that will exclusively finance the procurement and retrofitting of scrubbers for up to approx. 50 vessels in Star Bulk’s fleet. According to a press release from the global shipping company focusing on the transportation of dry bulk cargoes, DNB Bank, acted as the Mandated Lead Arranger, Facility Agent and Coordinator, along with ABN AMRO Bank…

Babcock Wins Newcastle Helicopter Marine Pilot Contract

(Photo: Babcock International Group)

Babcock Australasia announced it has been awarded a further contract for helicopter marine pilot transfer services at the Newcastle Port, following a competitive tender process.Under the contract, Babcock will provide aircraft, pilots, engineering personnel and maintenance staff to ensure the safe transportation of marine pilots to ships located 3 to 8 nautical miles offshore. This continues the services that Babcock has provided at the Port since 1999.“This new contract reinforces…

ENTREC Corporation Acquires Capstan Hauling

Pic: ENTREC

ENTREC Corporation, a heavy haul transportation and crane solutions provider, is pleased to announce that it has completed the acquisition of Capstan Hauling .Based in Grande Prairie, Alberta, Capstan is a leading provider of heavy haul transportation services to the oil and natural gas industry in north-west Alberta and north-east B.C. Capstan has approximately 45 employees and lease operators and operates an extensive equipment fleet valued in excess of $9.0 million.Capstan’s fleet consists of mobile cranes…

Logistics Firms Bundle Freight in Alblasserdam

Participants during the Inland Container Shipping Chain sector consultation on 26 September 2018. Pic:  Port of Rotterdam

Port of Rotterdam Authority has welcome initiatives from companies including BCTN, Kramer and Waalhaven Group for more efficient transportation of containers between the Port of Rotterdam deepsea terminals and the hinterland.BCTN is bundling freight in Alblasserdam from its eight terminals in the Netherlands and Belgium in order to offer point-to-point services to the deepsea terminals on Maasvlakte.Kramer and Waalhaven Group are bundling cargo at their own terminals in Rotterdam…

NYK Signs LNG Charter Deal with Total

Pic: NYK Line

NYK Line has signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier for seven years, with an optional extension period of one year. The new vessel will be built by Samsung Heavy Industries Co. Ltd. in Korea and is due to be delivered in 2021.The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

Seanergy Maritime Holdings Buys One Vessel, Sells Two

Pic: Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings has anounced that it has signed agreement to acquire one modern capesize vessel and sale of two supramax vessels to become the only US-listed pure-play capesize vessel owner.The international shipping company that provides marine dry bulk transportation services said in a press release that  it has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand Capesize vessel and the sale of two Supramax drybulk vessels.The transactions are expected to be completed in the fourth quarter of 2018.

New LNG Carrier for Tokyo Gas Named

(Image: NYK)

A naming ceremony for a new liquefied natural gas (LNG) carrier was held Wednesday  at the Tsu shipyard of Japan Marine United Corporation (JMU) in Tsu city, Japan.NYK and Tokyo LNG Tanker Co. Ltd., a wholly owned subsidiary of Tokyo Gas Co. Ltd., have a long-term charter contract for this vessel.At the ceremony, Takashi Uchida, president at Tokyo Gas, named the ship Energy Glory, and his wife cut the ceremonial rope holding the vessel in place. NYK president Tadaaki Naito was…

Scorpio Bulkers Invests $100 mln in Scorpio Tankers

Pic: Scorpio Tankers

Scorpio Bulkers has agreed to invest $100.0 million in a related party, Scorpio Tankers. The investment is part of a larger $300.0 million equity raise through a public offering of common shares by Scorpio Tankers announced yesterday (October 10). As a result of this investment, the Company will own approximately 54.1 million, or 10.9%, of Scorpio Tanker’s issued and outstanding common shares. The investment was unanimously approved by an independent committee of the Board of Directors that was advised by Perella Weinberg Partners.

Star Bulk Carriers Adds MV Star Bright to its Fleet

ER Brighton. Photo © Giorgos Tsampazis/Marinetraffic.com

Athens, Greece-based Star Bulk Carriers Corp took delivery of the first of the three firm dry bulk vessels, the ER Brighton, renamed to Star Bright, from an entity affiliated with E.R. Capital Holding GmbH & Cie. KG.The global shipping company focusing on the transportation of dry bulk cargoes announced that, the delivery is in pursuant to the previously announced transaction of August 28, 2018. The Vessel was acquired for a combination of cash and shares. Following this delivery…

How the Coast Guard Supports the Shipbuilding Industry

Lt. j.g. Ryan Thomas, a marine Inspector at Coast Guard Sector Delaware Bay, walks below the Kaimana Hila, an 850-foot container ship being constructed in Philadelphia Shipyards, Oct. 4, 2018. The Kaimana Hila and the Daniel K. Inouye are the two largest containerships ever built in the U.S. (Coast Guard photo by Seth Johnson)

The U.S. Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?As a regulatory entity, the Coast Guard conducts marine inspections on vessels entering United States ports to make sure the vessels do not pose a safety, security, or environmental threat to the country. With 90 percent of U.S. imports and exports entering or exiting the country by ship, these inspections ensure there is fuel at the gas station, food in the store and presents at birthday parties.But even before a ship ever gets in the water…

Decarbonization: 34 Maritime CEOs Call for Action

© xy / Adobe Stock

A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…

Maritime Administration Issues RFP for NSMV Training Vessels

Vessel Construction Manager Will Deliver National Security Multi-Mission Vessel. Today, the Maritime Administration (MARAD) released a Request for Proposal (RFP) to solicit for a Vessel Construction Manager (VCM) to deliver a new class of training ships referred to as a National Security Multi-Mission Vessel (NSMV). The VCM selected by MARAD will contract with a qualified shipyard to ensure that commercial best practices are utilized in delivering the NSMV on time and on budget.“A new multi-mission vessel built by an American Shipyard will not only create new jobs…

Weeks Marine Gains First SubM COI in New York

COI presentation at WMI’s Cranford, N.J. office, from L to R: Patrick Whelan, Executive VP and General Counsel; Ronnie Clifford, Towing Compliance Office; Cmdr. Jacob Hobson, USCG; Shaun O’Brian, Towing Sr. Port Engineer; Jason Marchioni, VP of Marine Services; Capt. Benjamin Peterson, Towing Manager; and Eric Ellefsen, President. (Photo: WMI)

On September 5, 2018, Weeks Marine, Inc. (WMI) was presented with the first issued Certificates of Inspection (COIs) for achieving full compliance with new USCG “Subchapter M” regulations on the 2,000 HP Tug Elizabeth and the 3,000 HP Tug Katherine. Commander Jacob Hobson from Coast Guard Sector New York Waterways Branch presented the COIs to Ronnie Clifford, WMI Towing Compliance Officer, and Shaun O’Brian, WMI Towing Sr. Port Engineer.The new Subchapter M mandates, part of the US Coast Guard and Maritime Transportation Act…

U.S. Coast Guard's Maritime Commerce Strategic Outlook released

U.S. Coast Guard Commandant Admiral Karl L. Schultz

U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their "VISION for Enabling Maritime Commerce." He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deep-water ports and protected straits and bays. This geostrategic advantage favorably shapes our Nation’s security…

De Boer Names Two New Tugs

(Photo: Damen)

A naming ceremony was held for two custom tugs built by Damen Shipyards Hardinxveld for De Boer Remorquage SARL, a joint venture between Dutch Dredging and Iskes Towage and Salvage. The ceremony took place in the port of Cayenne in French Guyana.According to the shipbuilder, both vessels represent innovative solutions and one of them has additional modifications that enable it to undertake dredging and other associated activities.Present at the event where representatives from a number of French government agencies and the port authorities…

BY THE NUMBERS: U.S. Coast Guard - AWO Annual Safety Report

Issued at the National Quality Steering Committee (NQSC) meeting on July 31, 2018, the American Waterway Operators (AWO) and the U.S. Coast Guard (USCG) issued their annual report that benchmarks and further serves as the annual safety report card for the domestic towing industry. This year, it comes at a particularly timely moment, just on the heels of the deadline for the so-called ‘subchapter M’ towboat rules.The NQSC uses three measures to track overall trends in safety and environmental protection.

Interview: Jeong-kie Lee, Chairman, Korean Register & IACS

Jeong-kie Lee, Chairman and CEO, Korean Register

This month we caught up with Jeong-kie Lee, Chairman and CEO of the Korean Register and also the Chairman of the International Association of Classification Societies (IACS), for his insights on the dominant trends moving the maritime industry into the future.The maritime industry has been challenged, to say the least. Today, where do you see challenge? Where do you see opportunity?The maritime industry is in a state of extreme upheaval, with private and public organizations having to deal with a wide range of ever changing…

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

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