Euronav Completes Merger with Gener8 Maritime
Belgian tanker operator Euronav has concluded its merger with U.S. rival Gener8 Maritime, creating one of the world’s largest tanker shipping fleets.Gener8’s shareholders voted earlier this week to approve the merger, and following the closing on Tuesday, 60.9 million new shares issued to Gener8 shareholders as consideration for the transaction began trading Wednesday on the NYSE.The merger, which Euronav CEO Paddy Rodgers described as an “important milestone”, takes place amid…
Tanker Outlook: McQuilling Publishes 2018-2022 Report
In 2017, global ton-mile demand to transport crude and residual fuels increased by 5.4 percent, supported by a 4.9 percent increase in VLCCs (which accounted for 62 percent of the total demand for dirty tankers), according to McQuilling Services’ 2018-2022 Tanker Market Outlook report. Suezmax demand meanwhile accounted for 24 percent of all DPP demand in 2017, 1 percent higher than 2016 due to higher crude exports from the Southern Europe and North Africa load region towards the Asian refinery complex.
Wan Hai Boosts China - Southeast Asia Service Network
Wan Hai Lines has announced its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service) and cooperating with COSCO Container Lines with a new joint N.PRC-Thailand service (CT1) and securing slots on COSCO’s E.PRC-Thailand service. Wan Hai Lines’ independent CVT service will be restructured with effect from 10th July 2017, and turn into a China-Vietnam express dedicated service (CV1 service) with three vessels of 1…
Jamaica Seeking election to IMO Council
Jamaica launched its bid to be elected to Category ‘C’ of the International Maritime Organization (IMO) Council last Thursday (2 February) - in a move to position Jamaica as a ‘viable maritime hub’. Addressing specially invited guests, Jamaica’s Minister of Transport and Mining The Honourable L. Michael Henry CD MP said: “I am very pleased to be associated with yet another event which is designed to showcase Jamaica in a positive light. We consider our bid to be elected to Category ‘C’ of the IMO as a strategic move in order to raise our maritime profile in this governing body.
MTS Expands Fleet With Multipurpose Landing Craft
Marine services provider Marine and Towage Services Group Ltd. (MTS) said it has purchased MTS Terramare, a multipurpose landing craft. The vessel enables the delivery of cargo, construction equipment and other materials directly onto land, without the need for dedicated dockside facilities, while also being able to operate as a diving platform for offshore salvage and development work. The ability of MTS Terramare to be used as a floating platform for diving survey, or UXO works on cable routes…
MN100: McDonough Marine Service
Bernard P. McDonough created the company in 1945 by leasing barges from his construction company into the marketplace. Through a series of new and used barge additions, McDonough forged his company, expanding from the Ohio River to the Gulf of Mexico and eventually to the East Coast. His company was modeled around his fundamental philosophy of surrounding good equipment with very talented people. This recipe has yielded more than seven decades of dedicated service to its valued customers’ marine transportation requirements. After 70 years, McDonough Marine Service continues Mr.
One Business, Two Regulatory Worlds: Handling DOT and GHS Regulations
The Globally Harmonized System of Classification and Labeling of Chemicals (GHS) deadlines that went into effect on June 1 and December 1, 2015, respectively, have had a significant impact on U.S. chemical manufacturers and distributors. By now, all chemicals being shipped by manufacturers and distributors should meet the Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) GHS requirements, as well as the packaging, marking and labeling requirements for hazardous materials transported in commerce (e.g., 49 CFR Parts 171-180, IATA, IMO, etc.). The transport regulations help protect against accidents while hazardous materials are in transit – short-term…
US Polar Icebreaker Visits San Diego
The U.S. Coast Guard’s polar icebreaker Cutter Polar Star has made a brief stop in a warmer climate, mooring in San Diego before returning to Seattle after a four and a half month-long deployment to the Antarctic in support of Operation Deep Freeze 2016. The Polar Star, a 399-foot cutter commissioned in 1976, is the nation’s only operational heavy icebreaker, and the most powerful non-nuclear icebreaker in the world. The cutter recently delivered necessary cargo to sustain the National Science Foundation managed U.S. Antarctic Program’s McMurdo and South Pole stations for the next year.
IMDG Code Amended
Amendments (37-14) to the International Maritime Dangerous Goods (IMDG) Code will enter into force on January 1, 2016, and include many editorial and technical changes to the Code’s operational requirements. The amendments will not affect the dangerous goods certification issued by Lloyd’s Register, which is related to SOLAS regulation II-2/19. Part 1: New and amended definitions as well as a new provision for the carriage of lamps containing dangerous goods. Part 2: Numerous updates to the classification of substances. Part 3: Various updates to the Dangerous Goods List, including dividing Column 16 (Stowage and segregation) to provide more detailed information on the requirements under Part 7.
Dynagas, GasLog, Golar LNG Team up to Operate LNG Carrier Pool
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. The LNG Carrier Pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling ability, cost efficiencies and common marketing. The objective of the LNG Carrier Pool is to serve the transportation requirements of a rapidly growing LNG shipping market by providing customers with reliable…
Nordic American Tankers' Declares 2Q Cash dividend
The second quarter 2015 produced better results than the first quarter 2015. So far in the third quarter, we have secured higher average rates than in the two preceding quarters of the year. In 2Q 2015, NAT continued to benefit from both a solid Suezmax tanker market and a top quality fleet (22 vessels in operation in 2Q 2015 and 4 vessels expected to be included later in 2015 and thereafter). Cashflow from operations was $54.5m, compared with $51.0m in 1Q 2015. For all of 2014, cashflow from operations was $77.7m compared with -$11.1m in 2013.
NASSCO Starts Building 2nd SEA-Vista Tanker
Ceremony signals the start of construction for the second SEA-Vista ECO Tanker to be constructed at the General Dynamics NASSCO shipyard in San Diego. General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, signaled the start of construction for the second of three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista Newbuild III LLC, a subsidiary of SEACOR Holding Inc. Each LNG-conversion ready product tanker will be constructed at…
Wärtsilä's' Propulsion for Use with US Compliant ELA
Wärtsilä has developed propulsion systems that are capable of operating with Environmentally Acceptable Lubricants (EALs) and comply with the US Vessel General Permit 2013 (VGP-2013). Wärtsilä is among the first marine propulsion solutions suppliers to achieve this compliance for complete propulsion packages. For vessels operating in US waters, VGP-2013 mandates the use of EALs in all oil-to-sea interfaces unless technically unfeasible. VGP-2013 was issued by the US Environmental Protection Agency (EPA) and is applicable to all vessels sailing in US coastal waters.
NASSCO Building Three Jones Act Tankers
Ceremony signals the start of construction for SEA-Vista ECO Tanker, the first of three tanker ships to be constructed locally at NASSCO. General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, signaled the start of construction for three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista LLC, a joint venture between SEACOR Holdings Inc. and Avista Capital Partners (SEA-Vista). Each LNG-conversion ready product tanker will be constructed at the NASSCO shipyard in San Diego under Jones Act requirements. Representatives from General Dynamics NASSCO and SEA-Vista attended the start of construction ceremony held at the NASSCO shipyard on Friday, November 7.
INSIGHTS Focus: Robert Kunkel Talks Power and Propulsion
Those MarineNews readers who are not familiar with Bob Kunkel probably should be. That’s because Kunkel, President of Alternative Marine Technologies, previously served as the Federal Chairman of the Short Sea Shipping Cooperative Program under the Maritime Administration and Department of Transportation from 2003 until 2008. He is a past Vice President of the Connecticut Maritime Association, a contributing writer for many maritime and technical trades publications, including Maritime Professional Magazine and MarineNews.
Drydocks World's Management Solutions For Kleindienst Group
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced that it will sign an Agreement with Kleindienst Group to provide a complete range of offshore marine and operational management solutions for their The Heart of Europe. The project comprises of a cluster of six islands owned by the Group on The World project in Dubai offering an unrivalled resort and leisure experience. The Agreement will be signed by His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World and Mr. Josef Kleindienst, CEO of the Kleindienst Group. Extensive discussions were held prior to reaching this stage.
BMT Launch CargoHandbook Mobile App
International design, engineering and risk management consultancy BMT Surveys, have launched a new app which will provide mobile access to its CargoHandbook database. The app is now available as a free download for both Android and iOS users in the App Store (iOS) and Play Store (Android). CargoHandbook is the world’s largest online database for cargo transportation in the marine industry. As a rich source of knowledge, BMT Surveys aims to provide and share information on cargo transportation with the market and help to reduce the number of cargo incidents and claims that occur.
BMT's CargoHandbook Goes Mobile
BMT Surveys, a subsidiary of BMT Group Ltd., an international design, engineering and risk management consultancy, has announced the launch of a new App which will provide mobile access to its world-renowned CargoHandbook database. The App is now available as a free download for both Android and iOS users. CargoHandbook is the world’s largest online database for cargo transportation in the marine industry. As a rich source of knowledge, BMT Surveys aims to provide and share information…
Seabulk Contracts NASSCO for Up to Two More Tankers
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc., for the design and construction of one 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity, plus an option for one additional vessel. Construction is scheduled to begin in 2015, with delivery scheduled for the fourth quarter of 2016. This new tanker will be constructed at the NASSCO shipyard in San Diego…
Malaysia's Petronas to Buy its Own Newbuild LNG Ships
Petronas says that as part of its strategy to optimise the value of its liquefied natural gas (LNG) business, it has decided to directly procure newbuild LNG ships to meet its LNG transportation requirements. The move will allow Petronas to have direct access to LNG shipping capacity at the lowest possible costs. The company adds that they will be engaging MISC Bhd to provide Project Management and Technical Consultancy services for the construction of the new LNG ships, given MISC’s extensive experience and expertise in the LNG shipping sector and familiarity with Petronas’ business needs. Petronas was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country.
Evergreen to Launch GTM Feeder Service
Evergreen Line to launch a new container ship feeder service linking Greece, Turkey & Malta (GTM). In addition to meeting regional transportation requirements, the GTM service will connect to Evergreen Line's global service network via the port of Piraeus in Greece. The 600 TEU container ship Kirsten will service the intra-Mediterranean service. The first sailing is planned from Piraeus on the 28th of January 2013.The port rotation for the 10-day voyage is: Piraeus -Thessaloniki-Gebze -Marsaxlokk -Piraeus GTM service will also further enhance transhipment connection to Thessaloniki. In addition, the feeder loop adds a direct call to Gebze and offers a convenient transportation link for the neighboring Izmit industrial area.
Online Cargo Database Goes Live
World’s largest online database for cargo transportation goes live. BMT De Beer, a subsidiary of BMT Group Ltd, has launched CargoHandbook.com (www.cargohandbook.com), the world’s largest online database for cargo transportation in the marine industry. As a rich source of knowledge, BMT De Beer aims to provide and share information on cargo transportation with the wider market and therefore help to reduce the number of cargo incidents and claims that occur. Jeroen De Haas, Managing Director at BMT De Beer explains: “While every mode of transport has its own challenges and limitations…
Ocean Safety Iintroduces Lifebuoy Light
One of the smallest and lightest lifebuoy lights available on the market is the Apollo lifebuoy light. The Apollo has just been launched by Ocean Safety and uses the latest LED technology. It is low on current consumption and high on reliability. It has a 5 year battery life with no maintenance or battery replacement required so it saves time and expense during inspections. The Apollo is simple to fit and comes complete with a fitting bracket to suit most marine applications.