Hundreds of Seafarers Are Still Stuck in Ukraine
Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on Thursday.The agreement reached in July, creating a protected sea transit corridor, was designed to alleviate global food shortages, with Ukraine's customers including some of the world's poorest countries.However, the initiative only involved dry bulk ships…
KKR to Buy Norway's Ocean Yield for $829M
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Singapore Raises Concern over HHI-DSME Deal
The Competition and Consumer Commission of Singapore (CCCS) has expressed concern about the agreement of fusion notified from the South Korean shipbuilding groups Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering Co. (DSME).The authority antitrust of Singapore has raised competition concerns with the proposed acquisition by Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) of a majority interest in DSME and the intended integration of the businesses of KSOE and DSME.Earlier, on 12 September 2019, CCCS accepted an application from KSOE for a decision on whether the Proposed Transaction infringes section 54 of the Competition Act (Cap.
U.S. Warns Merchant Ships of Iranian Threat
U.S. commercial ships including oil tankers sailing through key Middle East waterways could be targeted by Iran in one of the threats to U.S. interests posed by Tehran, the U.S. Maritime Administration said in an advisory.The U.S. military said this week that a number of B-52 bombers would be part of additional forces being sent to the Middle East to counter what the Trump administration calls "clear indications" of threats from Iran to U.S. forces there. The Islamic Republic has dismissed the U.S. contention of a threat as "fake intelligence".In the advisory posted on Thursday, the U.S.
Hopkins Named Managing Director at Harris Pye UK
Nigel Hopkins has been appointed Managing Director of Harris Pye UK Ltd based at the company’s headquarters in Llandow in Wales. He joined Harris Pye on May 1 this year working alongside Dave Hayden, the company’s retiring Managing Director at the Harris Pye UK headquarters in Llandow, South Wales before officially taking over from Dave Hayden on October 1, 2017. Nigel Hopkins started his engineering career in the merchant navy spending 13 years sailing on a variety of vessels including oil tankers…
Hyundai Heavy, Daewoo Win $4.9b in Contracts
Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. said that they have won a combined $4.9b worth of deals in the past week to build 30 vessels, including oil tankers and bulk carriers. During an international shipping exhibition held in last week, Hyundai Heavy Industries, the world's largest shipyard, received deals valued at $2.4 billion to build 22 ships, including 16 oil tankers. So far this year, the shipyard has won deals worth $12.3 billion to build 94 vessels, up 37 percent from a year earlier. Daewoo Shipbuilding has received $5.6 billion worth of orders this year, achieving about a third of this year's target of $17.5 billion. Its backlog reached $41.5 billion.
Wärtsilä Wins Bulk Orders for 72 FPPs
The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers (FPP) at a value of approximately EUR 30 million. The company will deliver the propellers to six of China's leading shipbuilders for vessels due to be delivered between 2009 and 2011. The nickel-aluminium bronze propellers, totalling over 2700 tonnes with diameters ranging from 6.1 - 8.2m, will be for installation to different types of vessels including oil tankers, containerships and bulk carriers.
Statoil Mulls Navion Sale
Norway's Statoil is considering options for its loss-making shipping arm Navion, including selling the group or divesting some activities such as floating production or drill ships. Navion was formed in 1997 between Statoil, which holds 80 percent, and Norwegian shipping firm Rasmussen. Assets include around 12 shuttle tankers, a crude oil storage vessel, two production vessels and a drilling ship. Statoil has stated from the outset that it wanted to reduce its stake in Navion. But attempts to find a third party to join the Statoil-Rasmussen partnership were thwarted by poor tanker markets, weak oil prices, delays to oil project start ups and huge cost overruns to build the Navion I drilling ship. "Now we have a more pragmatic approach.
