Topaz Revenue Climbs
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million from a $4m loss recorded at the end of first six months of 2018.Earnings before interest taxes, depreciation and amortization rose by 83 percent to $141m in the first half.The global ports operator DP World acquired Topaz from Oman's…
HMD Builds 2 Methanol-Fueled Tankers
Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard (HMD) by owners Marinvest and Waterfront Shipping.The Methanol Institute has welcomed the launch of the 49,000dwt product tankers.“The launch of the Mari Couva and Mari Kokako is a milestone for the acceptance of Methanol as a safe and reliable marine fuel that can meet IMO2020 regulations and create a pathway to lower carbon shipping…
Navios Sells 2002-Built VLCC
Greek tanker vessel operator Navios Maritime Acquisition Corporation has entered into an agreement to sell the Nave Electron, a 2002-built very large crude carriers (VLCC) vessel of 305,178 dwt to an unaffiliated third party for a sale price of $25.3 million.The Pireas-headquartered said that the vessel is expected to be delivered to its new owners in September 2019.As of August 20, 2019, Navios Acquisition’s fleet consisted of a total of 41 vessels, of which 13 are VLCCs (excluding…
R/V Roger Revelle Gets a Thruster Upgrade
The research vessel Roger Revelle is currently going through an extensive mid-life refit. One of the upgrades to the vessel is the installation of telescoping thruster technology from ZF Marine.The R/V Roger Revelle is a globally capable oceanographic research vessel, designed as a platform to support many different facets of ocean-based scientific research. The vessel is owned by the US Navy and operated by the Scripps Institute of Oceanography under a charter agreement with the Office of Naval Research.
Sea Machines Demonstrates Autonomous Spill-Response Vessel
As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry, and today the company demonstrated its ability to increase the safety, productivity and predictability of response for marine oil-spill operations.
Stena Impero Owner Met Iran's Zarif to Urge Release of UK-flagged Ship
The owner of a British-flagged tanker detained in Iran has met the country's foreign minister, Mohammad Javad Zarif, to make the case for the ship and its crew to be released.Erik Hanell, chief executive of Stena Bulk, met Zarif in Stockholm on Aug. 20 to ask for the Stena Impero to be released. It was detained by Tehran on July 19, two weeks after Britain detained an Iranian tanker off the territory of Gibraltar. That ship was released this week."A constructive dialogue was had and we shared information around the case," Hanell said in a statement on Wednesday.
Australia Joins U.S.-led Gulf Security Mission
Australia will join the United States in a security mission to protect merchant vessels travelling through key Middle East waterways after Iran seized a British-flagged vessel, Prime Minister Scott Morrison said on Wednesday.Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world's seaborne crude flows out of the Gulf.Global commodity trading has been rocked in recent months by the seizure of the British tanker and a series of attacks on international merchant vessels that the U.S. and Britain have blamed on Iran, though it denies involvement. Britain this month became the first U.S.
Scotline Orders Third Newbuild
U.K based shipping company Scotline Marine Holdings announced that it has ordered a third newbuild vessel from Dutch shipyard Royal Bodewes which is due for delivery by the end of 2020."The new vessel will adopt the name ‘Scot Ranger’ which has not been used since we sold the previous vessel last year," it said.This vessel will be a sister to the Scot Carrier (launched November 2018) and the Scot Explorer (due for launch November 2019).Although the same design of vessel, the new Scot Ranger will be ice class 1A.
DOF Wins AHTS Contracts in NZ
Norwegian offshore supply vessel (OSV) operator DOF has won work for two anchor-handling tug supply (AHTS) contracts to support OMV's drilling operations in New Zealand.Two AHTS vessels, Skandi Emerald and Skandi Atlantic, have been contracted to support drilling rig COSL Prospector for two wells firm plus two options for additional wells.Both vessels are currently supporting the same rig with another Operator in New Zealand, and commencement with OMV will be on completion of this campaign during Q4 2019.Mons S.
Fire Hits PDVSA Tanker at Amuay Bay
A fire swept through the engine room of a tanker owned by Venezuela's state oil company PDVSA on Monday while it was anchored at Amuay Bay near the country's largest refinery, three sources familiar with the matter told Reuters on Tuesday.The extent of the damage to the Panama-flagged Aframax tanker Proteo was not immediately clear. But it highlighted the poor state of much of the fleet belonging to PDV Marina, PDVSA's shipping subsidiary, at a time when U.S. sanctions are complicating its ability to lease vessels from third parties.Even before this fire…
RAL, MTU Team Up on LNG Pushboat
Natural gas is quickly becoming the “fuel of choice” for the maritime industry, not only for its potential in reducing environmentally hazardous gas emissions, but also for its reduced cost when compared to other fossil fuel-based alternatives.For natural gas to become a preferred marine fuel, its availability needs to improve, and this fact alone has hindered its growth in some parts of the world. Some of Robert Allan Ltd.'s clients are actively engaged in developing the required infrastructure to make natural gas more readily available.Robert Allan Ltd.
Greece: No Request Yet from Iranian Tanker to Dock
Greece said on Tuesday it had had no request for an oil tanker at the centre of a row between Iran and the U.S. to dock at one of its ports, as Washington warned Greece against helping the vessel.The Adrian Darya 1 - formerly the Grace 1 - left Gibraltar on Aug 18. Ship tracking data on Tuesday showed the vessel was heading to the Greek port of Kalamata on the southern coast of the Peloponnese, and was scheduled to arrive on Aug.
Baltic Index Down on Lower Capesize, Panamax Rates
The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, hurt by softer demand for the capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.4%, or 8 points, to 2,059 points.The capesize index slipped 63 points, or 1.7%, to 3,665 points. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, fell $290 to $28,591.The panamax index eased 13 points, or 0.6%, to 2,161 points.
ExxonMobil's Mobilgard 540 Cylinder Oil Available
ExxonMobil has announced its new 40BN cylinder oil, Mobilgard 540, will be available from September 2, 2019. The lubricant has been specifically formulated for use with 0.50% sulphur fuels that comply with the International Maritime Organization’s (IMO) 2020 emission regulations and meets the requirements of OEMs, MAN ES and WinGD.Mobilgard 540 will be available from launch in major ports around the world including Hong Kong, Singapore, Antwerp, Rotterdam and Amsterdam. It will also be offered at additional locations through ExxonMobil’s delivery network, in bulk and in packs.
Wallem Bulker Rescues Indonesian Fishermen
ISL Star, a bulk carrier managed by Wallem Group, together with the U.S. Coast Guard successfully retrieved a crew of eight Indonesian fishermen adrift for over a week after their boat lost power in the middle of the western Pacific.The Hallelujar, a 60ft Indonesian-flagged fishing vessel of wooden construction, had been adrift for 10 days when on August 13th the AMVER vessel ISL Star received a message from the U.S. Coast Guard that the crew on board was seeking immediate assistance.
ABB’s Digital Solution Helps to Reduce Fuel Costs
ABB secured its first contract for ABB Ability Tekomar XPERT for fleet of 55 vessels with Hamburg based ship manager CPO Containerschiffreederei (CCPO).CCPO offers high quality service to its charter clients and professional ship management for 111 of own and third-party ships. They were an early adopter of the smart engine performance diagnostics software, Tekomar XPERT, during its initial release in 2015. The latest Tekomar XPERT for fleet web application launched in June this…
SHI to Build 10-LNG-fuelled Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) is to build 10 LNG-powered crude tanker vessels.The order was placed by an unnamed "Oceanian" customer. The contract for the vessels was valued at KRW 751.3 billion (US$621 million), which is around $62 million per vessel.Samsung Heavy said in a statement that it will deliver the 113,000 dwt LNG-fueled tankers by January 2022.SHI has achieved 54% of its annual target of USD 7.8 billion by obtaining orders for 29 vessels…
World's Largest Boxhip's Asia-Europe Maiden Voyage
Swiss-based global container shipping company MSC Mediterranean Shipping Company announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.MSC Gülsün is the first of a new class of 23,000+ TEU vessels to be added in 2019-2020 to the global shipping network of MSC, a world leader in transportation and logistics.According to a press release from the world's second-largest shipping line in terms of container vessel capacity…
France Loading Rare Wheat Shipment for China
A vessel was loading wheat for export to China at the northern French port of Dunkirk on Monday, according to shipping sources and data, in what would be the first such shipment since last year.The Sotka bulk carrier was due to load around 57,000 tonnes of grain destined for the southern Chinese city of Guangzhou, port data showed.The cereal being loaded was wheat, shipping sources said.France has in recent years exported large volumes of barley to China but wheat shipments to China are rare.The current loading would be the first since late 2018, which was at the time the first French wheat sh
Seabulk Completes First Methanol Shipment
Seabulk Tankers, a subsidiary of SEACOR Holdings, has announced the successful delivery of its first methanol parcel chemical shipment aboard the articulated tug-barge (“ATB”) Sea-Power/Sea-Chem I.The Sea-Power/Sea-Chem I loaded a 10,500 metric ton methanol parcel in the U.S. Gulf of Mexico and discharged the parcel in Charleston, South Carolina and Chesapeake, Virginia. The vessel can load up to 30,000 metric tons of cargo into eleven segregations and is equipped with stainless steel cargo piping and MarineLINE 784 cargo tank coating. She is one of the most modern, fuel efficient, and capable chemical parcel vessels in the Jones Act fleet today.Methanol is a liquid chemical produced from conventional fossil sources as well as sustainable raw materials like biomass…
Jumbo's Fairplayer to Test Biofuel Oil
Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project.The initial project project will see sustainable ‘drop-in’ Bio-Fuel Oil delivered to Jumbo’s offshore vessel Fairplayer ahead of her departure to the North Sea, and will be supplied by GoodFuels’ logistics partner VARO Energy.Wout Janssens…
Iran Tanker Released, Sets Sail for Greece
An Iranian tanker sailed through the Mediterranean towards Greece on Monday after it was released from detention off Gibraltar, and Tehran said that any at U.S. move to seize the vessel again would have "heavy consequences".The Grace 1, renamed the Adrian Darya 1, left anchorage off Gibraltar about 11 p.m. (2100 GMT) on Sunday. Refinitiv ship tracking data showed on Monday that the vessel was heading to Kalamata in Greece and was scheduled to arrive next Sunday at 0000 GMT.The…
Wellard Delays Livestock Carrier Repayment
Australian meat and livestock distributor Wellard said that it has extended ship finance repayment schedules for two of its vessels, the 12,665 GT Ocean Ute and the 33,774 GT Ocean Drover.The live cattle exporter said in a press note that it has reached a conditional agreement with Ruchira Ships Limited to extend by 24-28 months the repayment schedules for the above mentioned vessel duo until December 2021.Originally, AUD 20 million was due to be paid between now and December 2019.Ruchira effectively provides vessel finance on each of these vessels through a sale and leaseback contract.