Marine Link
Sunday, January 21, 2018

Vessel Fleet News

Regulatory Advisory for the At-Berth Regulation

The regulatory advisory has been posted to the Shore Power website. This regulatory advisory describes steps the Air Resources Board (ARB) is taking to assist vessel fleets with the transition to the 2014 compliance requirements under the Airborne Toxic Control Measure for Auxiliary Diesel Engines Operated on Ocean-Going Vessels At-Berth in a California Port (Regulation). California’s ports, terminals, and most of the vessel fleets have made substantial investments in new equipment and practices to transform their operations and meet the requirements of the Regulation. These vessel fleets need some flexibility during the transition period from January 1 June 30, 2014, to implement the new practices.

Topaz, Two New Vessels

Dubai-based Topaz Energy and Marine's Azerbaijan subsidiary, BUE Caspian, has added two new vessels to its offshore vessel fleet at a cost of more than $60m. The two new craft are a platform supply vessel and an emergency response and rescue vessel. Topaz, with a fleet of over 70 vessels, plans to invest $100m in the next two years in new craft as its oil and gas business expands. source: AME Info.

Tidewater Completes $79M ENSCO Deal

Tidewater has completed a previously announced transaction, acquiring the 27-vessel fleet from ENSCO International. The five anchor handling towing-supply vessels, six modern large capacity 220-ft. "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels were acquired for a cash price of $79 million. Also included in the agreement is a provision which affords Tidewater the opportunity to provide supply, anchor handling and towing vessels to ENSCO for its Gulf of Mexico operations.

Topaz Reports NMEL Results

Topaz Energy and Marine, an offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. (NMEL) for the twelve months ended December 31, 2013. According to Topaz, the period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%, which the company said is primarily attributable to the additional vessels that have joined its fleet and the improved utilization it has achieved across its core fleet. Topaz said it has focused on maintaining tight control of our costs and this has resulted in significant cost savings benefitting us in the short-term and over the coming years.

Navico’s Simrad Agreement with Consilium

Marine electronics giant Navico has entered into a cooperative partnership with marine safety and navigation specialist Consilium through its Simrad brand with the intent to offer new products for the world’s commercial vessel fleet. Through their strategic and technological alliance, the two companies first aim to significantly change the comprehension of short range radar target detection and processing. The goal is to introduce radar systems for use on SOLAS vessels with a strong focus on piracy attack detection and for other workboats that have much use for this new technology.  

Fortum Orders Pair of 25,000-DWT Chem Tankers

Finnish energy group Fortum said on Thursday it had ordered two new 25,000 deadweight-ton chemical tankers from the Chinese Jinling shipyard for an undisclosed sum. Fortum said the double-hulled tankers, part of its 26-vessel fleet, would be used mainly in the Baltic and North Seas and would be delivered in 2003.

Navios Maritime Completes Acquisition of 14 Container Vessels

File Photo: Navios Maritime

The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet. Navios Containers acquired the 14 vessels for a total purchase price of $118.0 million plus certain delivery and other operating costs. The Fleet was partially financed through two loan facilities of $61.0 million in aggregate, including a previously announced $40.0 million facility, and a recently completed $21.0 million facility.

Eagle Bulk Completes Greenship Bulk Fleet Acquisition

Photo: Eagle Bulk Shipping

Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust. Gary Vogel, Eagle Bulk's CEO, commented, "The successful conclusion of the nine-vessel fleet acquisition from Greenship Bulk provides clear and unambiguous benefits for Eagle, chief among them a significantly expanded commercial footprint and a more modern and efficient fleet.

Crowley to Buy Three Tankers from SeaRiver

Crowley Alaska Tankers, LLC, has signed an agreement to purchase three tankers from SeaRiver Maritime Inc., and charter them back to SeaRiver under varying multi-year terms. The deal is subject to regulatory approval. Included in the acquisition are the tankers Liberty Bay and Eagle Bay, each of which have a capacity of 800,000 barrels and transport crude from Alaska to West Coast refineries; and the tanker SR American Progress, which has a capacity of 342,000 barrels and transports refined petroleum between U.S. gulf and East Coast ports. Crowley said it will now work with regulators to obtain the necessary regulatory approvals to serve the Alaska and West Coast markets.

Marshall Islands Extends Electronic Logbook Approval

K-Fleet Logbook (Photo: Kongsberg)

The Maritime Administrator of the Marshall Islands has extended its approval of the K-Fleet Logbook system, enabling more than 4,000 flag state registered vessels to introduce digital reporting for oil record and garbage record logbooks. The approval states that K-Fleet Logbook may now be used to fulfill the requirements of the Marshall Islands Maritime Regulations (Marine Notice No. 7-041-5) to maintain a deck and navigation log, an engine room log, an oil record book, cargo record book, a garbage record book and a radio log.

SeaHow Skimmer System

SeaHow

New SeaHow skimmer systems – designed to collect both light and heavy oils efficiently – can be implemented in almost any work boat, starting with vessels only six meters long. SeaHow operates one of northern Europe’s largest fleets of oil spill response vessels, and its hands-on experience of more than 30 years was central to the three years in developing its own line of SeaHow skimmers. SeaHow skimmers are suitable for vessels from 6m long to the largest vessels used in off-shore OSR.

Odyssea Marine Acquires Vessels from AMT Marine

Odyssea Marine, Inc. has purchased five offshore supply vessels from AMT Marine, Inc. based in Larose, La. The five vessels range in length from 150 ft. to 200 ft., are all DP1 classed and include the Darwin John, Andi N. Martin, A.A. Martin, Taylor R. Martin and the Mary Martin, a Bollinger built OSV delivered in August 2006. The vessels operate in the Gulf of Mexico supplying cargo to major and independent oil companies, marine construction firms, as well as support drilling operations. With the recent purchase of the Lytal Enterprises, Inc. vessel fleet consisting of six offshore supply vessels in February of this year, the Odyssea OSV Division is one of the youngest fleets in the Gulf of Mexico.

TEN Accepts Delivery and Charter of Tanker

Artemis. acquired from Western Petroleum S.A. earlier this year. Aframax product tankers, all with 1A ice-class designations. LR Aframaxes are expected to be delivered during May and June of this year. tanker Proteas, and the TEN built 1A 36,660dwt product tanker Antares. end of May of this year.

Swissco Adds on 2 More Vessels to Fleet

Swissco Adds on 2 More Vessels to Fleet Swissco International Ltd. said that its wholly-owned subsidiary, Swissco Offshore Pte Ltd (SOPL) has added two more offshore support vessels worth $5.7m to their vessel fleet. The first unit is a 147-ft. vessel placed with a Chinese shipyard in Guangzhou slated for delivery in 2H08. This order is the fifth of its kind to be placed with the same shipyard. This recent order is a testament to the Group’s belief in the high demand of such vessels. The second confirmation is a 98-ft. aluminum fast craft, the third to be placed with a Western Australia shipyard. Source: Korea Times

K-Fleet Voyage Application Verified for EU MRV

Photo: Kongsberg

K-Fleet Voyage, KONGSBERG’s digital application for monitoring ship fuel consumption and emissions, has been verified by Ecoxy AS for use under the EU Emission Trading Scheme (ETS) and the new EU Monitoring, Reporting and Verification (EU-MRV) for maritime transport regulation (2015/757). Ecoxy AS is accredited by Norwegian Accreditation as a verifier according to ISO14065 for the ETS and EU-MRV. The regulation, for ships exceeding 5000 GT and which call at any EU port regardless of flag or country of ownership, aims to quantify and reduce CO2 emissions from the shipping industry.

Cal Dive International to Acquire Horizon Offshore

Cal Dive International, Inc. and Horizon Offshore, Inc. announced have signed a definitive merger agreement under which Cal Dive will acquire all of the outstanding shares of Horizon in a stock and cash transaction valued at approximately $650 million, including approximately $22 million of Horizon's net debt as of March 31, 2007. The combined company will operate a fleet of 23 diving support vessels, seven pipelay/pipebury barges, one dedicated pipebury barge, one multi-service vessel, one combination derrick/pipelay barge and two derrick barges. The boards of directors of Cal Dive and Horizon unanimously approved the transaction. Closing of the transaction is subject to regulatory approvals and other customary conditions…

Zim to Buy Eight Ships for $1.36B

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012. The purchase will substantially increase the Israeli-based carrier's fleet when the vessels arrive in 2012. The order took the global shipping sector by surprise, since Zim had generally bought its containerships from rival South Korean's Hyundai Shipyards.

Odfjell, Ceres To Merge Chem Tanker Fleets

Norway's Odfjell ASA and Greece's Ceres Hellenic Shipping will merge their chemical transport assets to create the world's largest fleet of clean tanker tonnage. The transaction, a combined $360 million investment, will create a combined fleet of 92 ships, of which 49 would be wholly or partly owned, company officials said. Odfjell will issue 4.9 million shares to Ceres, worth about $121 million, in exchange for nine chemical tankers totaling 335,000 dwt and four ships totaling 160,000 dwt to be delivered in 2001-2002. Odfjell will also purchase all the shares in Ceres' chemical tanker company Seachem and remaining Seachem ships in its 23 vessel fleet would be managed by the combined group.

OSI Geospatial Awarded $4m Canadian Navy Contract

OSI Geospatial Inc. announced that its international systems business has been awarded a support contract with the Canadian Department of National Defence (DND) valued at a more than $4.0 million, including all options. The contract has a fixed provision of approximately $1.7 million over three years and an optional provision of up to $2.3 million over four years. Under the terms of the contract, OSI will provide the Canadian Navy with hardware and software support and maintenance. The Canadian Navy currently deploys OSI’s Warship Electronic Chart and Display Information System (WECDIS) product on more than 50 vessels fleet-wide. OSI delivered the first electronic chart navigation system to the Canadian Navy in 1985. Fleet installations began in 1997 and continued in 2001.

Admanthos Choses SpecTec

Admanthos Shipping Agency Inc. has chosen SpecTec after reaching an agreement with their US office for the supply of AMOS2 Enterprise solution. Admanthos will use AMOS2 Maintenance & Purchase, AMOS2 Personnel and AMOS2 Quality to manage their Headquarter Office and four vessel fleet. Admanthos, based in Stamford, Connecticut, provides technical management, new building site supervision, crewing, chartering, and the general administrative and financial functions for the ship owning company. Admanthos Shipping has specialized in clean petroleum products for the last 25 years. Admanthos operates a fleet of double hull product tankers engaged in the world-wide spot market. (www.spectec.net)

Royal Caribbean Extends Options For Two $500 Million Vessels

Royal Caribbean said on Wednesday it has extended for 13 months options on building two $500 million ships to add to its 21-vessel fleet. The Miami-based operator of the Royal Caribbean International and Celebrity lines said in a news release that it had agreed with the Meyer Werft shipyard of Papenburg, Germany, to extend the options to July 26, 2002, on the so-called Radiance-class ships. Both options on the 2,100-passenger ships were due to expire on June 27. Royal Caribbean's decision comes amid a dramatic increase in the world's cruise fleets blamed by many for sagging profitability in the sector. The first of the new class, Radiance of the Seas, was launched in Miami last March and is sailing Alaskan routes this summer.

New Seabulk Site

Seabulk International has launched its new web site at www.seabulkinternational.com. The site is designed to complement the company's recent name change from Hvide to Seabulk International and the rebranding of its three primary business segments under the Seabulk umbrella - Seabulk Offshore, Seabulk Tankers and Seabulk Towing. On the occasion of the launch, Seabulk President and CEO Gerhard E. Kurz said, "This enhanced site incorporates interactive options and real-time data to reinforce and strengthen our global one-on-one communications with customers, investors, career-seekers and other interested parties." The site offers users a searchable fleet list for the company's entire 206-vessel fleet.

India's Varun to Build LNG Carrier Fleet

India’s fourth largest private sector shipowner, Varun Shipping Co, plans to raise 536m in an effort to expand business, mostly in the carriage of liquefied natural gas. Varun Shipping will sell securities either in the domestic market or abroad to raise the money, it said in a statement to the Bombay Stock Exchange. The type of securities to be sold was not specified. The board of directors also approved raising the limit on overseas shareholding to 49%. The Indian shipping ministry has asked the country's shipowners to take the initiative to develop a fleet of LNG carriers and to consider import of the gas only on free-on-board terms.

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

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