Marine Link
Friday, February 23, 2018

Vessel Managment News

Coast Guard Breaks Thick Delaware River Ice

Iced-up Delaware River: Photo courtesy of USCG

The crews of the Coast Guard Cutters 'Capstan' and 'Cleat' are breaking ice to maintain navigable waterways, encountering significant ice on the Delaware River, up to five feet thick about three miles south of Trenton, N.J. "The crews aboard the Coast Guard Cutters Cleat and Capstan are working diligently to prevent navigational impacts resulting from ice formation," said Lt. Veronica Smith, chief of waterways managment division at Coast Guard Sector Delaware Bay in Philadelphia.

ODU to Offer Undergraduate Major in Maritime Managment

Old Dominion University will offer a new undergraduate major in maritime and supply chain management in the fall of 2006. The major will be the first of its kind in Virginia, and the second in the country, according to school officials. It will be offered as a bachelor of science in the business administration degree program. Students will have to complete courses in business, accounting, economics, marketing, finance, information technology, management and general education classes. Specialized offerings include international shipping, supply chain and logistics, shipping management and port management, along with other supply chain and logistics course options.

Moody’s Downgrades Millenium Seacarrier

Moody's Investors Services downgraded Millenium Seacarriers, Inc.'s $100 million 12% First Priority Ship Mortgage Notes due 2005 to Ca from Caa2. The senior implied rating was similarly lowered to Ca from Caa2 and the issuer rating was lowered to C from Caa3. The rating outlook remains negative. The rating downgrade reflects the company's track record of continued losses, weak cash flow and the current decreased market value of the fleet securing the Notes. Market conditions and charter rates for the drybulk shipping sector have deteriorated over the last several quarters, and are not expected to improve near term. A net loss of…

GL Announces Managment Changes

Rainer Schöndube, Member of the Executive Board at Germanischer Lloyd AG, will resign from office leaving the management on September 300. He will, however, stay affiliated with Germanischer Lloyd as adviser. With his retirement Schöndube, who has been responsible for the commercial field and the Industrial Services at Germanischer Lloyd, gives way for a change in the Executive Board. On September 1, 2007 the Executive Board of Germanischer Lloyd will be extended by Dr Joachim Segatz. Dr Segatz will take over Mr Schöndube's finance division. Dr Segatz studied Mechanical Engineering with emphasis on aircraft construction and fluid mechanics at the Technical University Braunschweig, Germany.

RCCL Plans to Scrub Emissions into Shape

AEP inside the stack of a Royal Caribbean Ship. Photo: Royal Caribbean Cruises Ltd.

As new emission standards enter force across the commercial maritime sector, Royal Caribbean has opted to outfit 19 of its ships with scrubbers from two manufacturers. This month we visit with Harri Kulovaara, EVP, Maritime, and Kevin Douglas, VP, Technical Projects/Newbuilds, Royal Caribbean Cruises Ltd., to discuss the reasoning behind the decision. As new emission standards enter force across the commercial maritime sector, Royal Caribbean has opted to outfit 19 of its ships with scrubbers from two manufacturers.

Navios Updates Fleet Status

Photo: Navios

Navios Maritime Holdings controls a fleet of 72 vessels totaling 7.3 million dwt, of which 39 are owned and 33 are chartered-in under long-term charters. The fleet consists of 21 Capesize, 31 Panamax, 18 Ultra Handymax and two Handysize vessels, with an average age of 7.7 years, basis fully delivered fleet. Angeliki Frangou, Chairman and Chief Executive Officer, stated: "We are expanding our fleet capacity and creating market exposure at an opportune time. He added: "We did this using modest capex, as we chartered in the kamsarmaxes, three with favorable purchase options.

835 Ships Sold to Scrap Yards in 2017

© knovakov / Adobe Stock

More than 800 large oceangoing commercial vessels were sold to the scrap yards in 2017, according to the latest data from the NGO Shipbreaking Platform. Of the 835 ships sold to scrap yards, 543 vessels – or 80.3 percent of total tonnage dismantled globally – were broken down on the beaches of Bangladesh, India and Pakistan. However, the number of vessels and total GT scrapped in the tree nations decreased compared to 2016. Still, of the 20.7 million GT dismantled worldwide in 2017, 16.6 million GT was on the beaches.

Towboat Ablaze on the Lower Mississippi River

The Mississippi River is restricted from mile marker 500 to 520 after a towboat went adrift and caught fire near Greenville, Miss. The U.S. Coast Guard said it responding to a fire on board the vessel Leland Speaks, which was reported to be drifting and ablaze at 7:20 a.m. on Wednesday. The eight people aboard the Leland Speaks at the time of the incident reportedly departed the burning vessel onto towboats in the area. No injuries were reported. The towboat is estimated to have 80,000 gallons of fuel on board and was pushing 21 dry barges, which are not believed to be carrying hazardous material. Nearby towboats were able to gain control of the vessel and push the stricken vessel aground at mile marker 509. There have been no reports of pollution or impacts to the environment.

SCF, Shell Push LNG Fuel for Aframax Tankers

(Photo: SCF Group)

SCF Group signed time-charter agreements with Shell for two dual-fueled Aframax tankers. At a ceremony held during International Petroleum Week in London, the time charter agreements were signed by Evgeny Ambrosov, Senior Executive Vice-President of SCF Group, and Mark Quartermain, Vice-President of Crude Trading for Shell. The vessels are part of a series of six SCF Group tankers currently under construction and due for delivery between Q3 2018 and Q1 2019. The two tankers will be on time charter to Shell for up to 10 years, with a minimum commitment of five years.

Qatar’s New Patrol Boat Completes Sea Trials

ARES 150 HERCULES (Photo: BMT)

The first of two new 48-meter patrol boats for the Qatar Coastguard has completed sea trials. BMT has partnered with ARES Shipyard (ARES) to design and build 17 patrol boats from advanced composites in 36 months – 18 months ahead of schedule. The latest in the series – the 48-meter ARES 150 HERCULES has just completed sea trials with the vessel achieving a maximum speed of 37 knots. The total order from the Qatar Ministry of Interior, Coastguard has comprised of three different vessel sizes: five of 24 meters, 10 of 34 meters and two of 48 meters.

Adventure Bound: Sunstone Ships Climbs to New Heights

Niels-Erik Lund (Image: SunstoneShips Inc.)

Niels-Erik Lund began his passenger ship career in 1969 as a trainee in a Danish passenger shipping company, DFDS. In the nearly 50 years since, the passenger and cruise shipping industry has changed many times over, with consistent growth being the only similarity between then an now. Today Lund, President & CEO of Sunstone Ships, Inc., has an unfettered view of the expedition cruise sector that he helped to create. With the expedition and luxury cruise segments set for fast growth, Maritime Reporter spoke to Lund to help put the market in better perspective.

What Does the Jones Act Mean for Offshore Wind?

For the lifetime of the Block Island project, Atlantic Wind Transfers, using the Jones Act compliant and Blount-built Atlantic Pioneer, will provide crew and equipment transfer services to meet these key logistical requirements. (Photo: Blount Boats)

Offshore wind power continues to gain momentum in the United States. How will the Jones Act affect the development, operation and maintenance of offshore wind farms? After years of planning and some unsuccessful attempts, offshore wind power developers finally have their first success in the United States. The Block Island Wind Farm, a 30-megawatt wind farm located just off the coast of Rhode Island, began operations in December 2016, fulfilling the goal of the project’s developer, Deepwater Wind LLC, to build America’s first offshore wind farm.

Wärtsilä to Optimize Performance of Four TMS Cardiff Gas Vessels

Photo: Wärtsilä

Wärtsilä is expanding its cooperation with the Athens based ship management company TMS Cardiff Gas Ltd. Under the recently signed maintenance agreement, Wärtsilä ensures the maintenance predictability of the operation of four TFDE LNG Carriers in TMS Cardiff Gas’ fleet. Eniram’s data collection platform and advanced data analytics helps TMS Cardiff Gas to achieve optimal fleet operations, resulting in reduced fuel costs and emissions. The maintenance agreement, signed in December 2017, advances the performance monitoring of TMS Cardiff Gas’ vessels.

Safe Bulkers 4Q Net Revenues Up by 34%

Image: Safe Bulkers

Safe Bulkers reported fourth-quarter of 2017 revenues of $2.9 million $42.4 million increased by 34%  from $31.7 million during the same period in 2016. Net loss for the fourth quarter of 2017 was $86.6 million as compared to $4.6 million, during the same period in 2016. For the year, the company reported that its loss widened to $84.7 million, or 98 cents per share. Revenue was reported as $148 million. In December 2017, the Company took delivery of Agios Spyridonas, a second-hand…

Two Damen ASD Tugs 2810 for Iskes Towing & Salvage

Damen ASD Tugs 2810. Photo: Damen

Iskes Towage & Salvage, the leading maritime service provider based in the port of IJmuiden, Amsterdam, has taken delivery of two Damen ASD Tugs 2810. The vessels were built at Damen Song Cam Shipyards, Vietnam, and delivered last year to Damen Shipyards Gorinchem, the Netherlands, as part of the group’s strategy to position stock vessels for rapid availability in Europe. This on-demand availability was a significant factor in Damen winning the contract, with both tugs being delivered within two weeks of the contract being signed.

Germany and Greece: Worst Vessels Dumpers

Image: NGO Shipbreaking Platform

As in 2016, Germany and Greece top the list of country dumpers in 2017, according to new data released today by the NGO Shipbreaking Platform. German owners, including banks and ship funds, beached 50 vessels out of a total of 53 sold for demolition. Greek owners were responsible for the highest absolute number of ships sold to South Asian shipbreaking yards in 2017: 51 ships in total. Since the Platform’s first compilation of data in 2009, Greek shipping companies have unceasingly topped the list of owners that opt for dirty and dangerous shipbreaking.

Uljanik Floats Out Scenic Eclipse

(Photo: Uljanik Shipyard)

 Croatian shipbuilder Uljanik Shipyard said it has floated out a new polar discovery passenger ship for the Scenic group, on January 31, 2018.   The new 168-meter, 237-passenger luxury vessel, Scenic Eclipse, features Polar Class 6 COLD DI notation. It is the first vessel launched this year at Uljanik.   Scenic Eclipse is expected to launch in summer 2018.

Military to Maritime Digital Career Platform Launched

© Idanupong / Adobe Stock

The American Maritime Partnership today announced the launch of the Military to Maritime digital career platform (www.militarytomaritime.org), which is dedicated to helping veterans find meaningful, family-wage jobs in the maritime industry while supporting America’s national and economic security. Building on the numerous Military to Maritime career fairs across the country, the enhanced digital platform connects veterans with career opportunities in the U.S. shipbuilding and…

Dudson Joins Incat Crowther as MD

Ed Dudson. Photo: Incat Crowther

Incat Crowther has appointed Ed Dudson as Managing Director of its UK business and as a board member contributing to overall business direction. With more than twenty five years of experience in the design and construction of high performance vessels including fast ferries, wind farm vessels, offshore vessels and patrol boats, Ed’s capability, reputation and integrity are a natural addition to the Incat Crowther brand. Incat Crowther has design offices in Australia, USA and the UK, each capable of responding to client’s needs within the context of the regional market.

Cruise Ships & Eco-Trends in Energy Transition

Hurtigruten's hybrid vessels. (Images Courtesy: Hurtigruten)

Around 360 cruise vessels are operating on the ocean today, transporting thousands of passengers to both new and established locations across the world. The Cruise Boom relishing the industry in recent years has driven growth and advancement with 93 new vessels now under construction showcasing the latest technology available today. Now, the rising popularity of remote and adventurous routes such as the Polar Regions and UNESCO heritage sights has raised concerns about the impacts on marine environments and coastlines.

New Quay for Further Stena Line Growth

Photo: The port of Rotterdam

The renovated Stena Line Terminal at Europoort is officially taken into operation. As well as upgrading the existing berth, the terminal was expanded with a second berth to handle roll-on/roll-off vessels. The expansion means that Stena Line is prepared for the anticipated further increase in freight volumes between Rotterdam and the United Kingdom. The renovated quay with two berths comprises a total of 212 metres. “We are delighted with the new quay and the doubling of the berths,” said Annika Hult, Trade Director of Stena Line Noordzee.

ACP, Cheniere Focus on LNG's Potential

A boxship transits thePanama Canal (CREDIT CH2M)

Representatives from the Panama Canal, led by Administrator Jorge L. Quijano, hosted executives from U.S. LNG exporter Cheniere Energy, Inc. to discuss the waterway’s growing LNG vessel segment and opportunities for future growth. With LNG emerging as its newest and fastest-growing segment, the Panama Canal has worked closely with shippers as part of an ongoing commitment toward strengthening overall communication and improving service and reliability for customers. “Our visit allowed a greater understanding of the complexities around the Panama Canal operations.

A Case for Propeller Guards & Cutters

(Photo: Spurs Marine Mfg.)

As I was preparing for Thanksgiving dinner I put on Indiana Jones and the Last Crusade. While Indiana Jones and Doctor Elsa Schneider were being chased by the Brotherhood of the Cruciform sword through Venice and their boat was neatly shredded by the propellers of a larger vessel, it had me thinking of how much propeller technology has changed over the years. And how hopefully Indiana’s boat did not actually damage that vessel’s propeller. Recently an article passed though my news feed about the first 3D printed propeller. This is indicative of the direction the industry is taking.

Maritime Reporter Magazine Cover Feb 2018 - Cruise Ship Annual

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.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News