MarineLink Tops News
Subsea 7 to Invest in Xodus Group
Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Yokohama-based Chiyoda, which provides services in the fields of engineering, procurement and construction on a global basis for gas processing, will retain a 40% holding as a joint venture partner.
NYSHEX Adds New Members in its Council
The New York Shipping Exchange (NYSHEX), the container shipping industry’s solution for digital and enforceable freight contracting, has announces the appointment of new members to its board of directors and launch of the governing NYSHEX Member Council. This announcement follows the Federal Maritime Commission’s (FMC) December 2, 2017 approval of the NYSHEX governance model. NYSHEX now ushers in a fair…
Inland Waterways Authority of India Engages KPMG
The Inland Waterways Authority of India (IWAI) has engaged KPMG, a reputed consultant, to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded national waterways development project Jal Marg Vikas Project (JMVP). This framework will include various institutional and operational models ranging from outsourcing to Special Purpose…
NMMA Honors MasterCraft’s XStar with 2018 Innovation Award
MasterCraft Boat Company continues its leadership accolades in the towboat category with a prestigious innovation award for its most advanced towboat to date, the 2018 XStar, said a press release from the company. Just announced at the Miami International Boat Show, the National Marine Manufacturers Association (NMMA) and Boating Writers International honored MasterCraft with this award as one of 17 winners out of 62 total evaluated products.
IMO on Distress and Safety at Sea
Seafarers depend on a robust distress and safety system when life is in danger at sea. This week’s meeting of the Sub-Committee on Navigation, Communications and Search and Rescue (19-23 February) will be focusing on core areas of International Maritime Organization (IMO)’s work relating to safety at sea. The meeting will review progress in its ongoing work to modernize the Global Maritime Distress and Safety system (GMDSS).
Global Ship Lease Extends Charter with OOCL
Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership. The extension commences in direct continuation of the current charter with effect from March 11, 2018, at a fixed rate of $14,000 per day. Earliest redelivery is now January 1, 2019, with latest redelivery March 15, 2019 (at charterer's option). Global Ship Lease is a containership charter owner.
Germany and Greece: Worst Vessels Dumpers
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…
Matson Reports Q4 Earnings Per Share $3.90
Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $503.2 million. The U.S. carrier in the Pacific reported profit of $232 million, or $5.37 per share for the year. Revenue was reported as $2.05 billion.
BSEE Responds to Oil Platform Fatality in the GOM
The Bureau of Safety and Environmental Enforcement is conducting an investigation into the fatality of a platform worker in an area of the Gulf of Mexico known as West Cameron 215A, about 64 miles south of Lake Charles, Louisiana. The offshore oil and gas operator, Energy Resource Technology GOM, LLC, a subsidiary of Talos Production LLC, reported that the fatality occurred at approximately 10:30 am on Feb. 17, 2018.
Maersk Energy: Uptick in Offshore Oil
COPENHAGEN, Feb 20 (Reuters) - Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise before 2019, the head of A.P. Moller-Maersk's energy business said. Oil firms have seen cash flow climb in 2017 a high since a three-year slump in crude prices, lifted by their cost-cutting plans and a crude price recovery. Although this has spurred new investment…
Ports of Indiana: Building on Success
The Ports of Indiana is a statewide port authority, established in 1963, which operates three ports: two on the Ohio River, one on Lake Michigan. Port officials refer to the three as “America’s Premier Inland Port System.” They cite location, location, location, providing access via two critical freight arteries – the Great Lakes and the Inland Waterway System and proximity to the world’s most productive industrial and agricultural regions.
Marine News Boat of the Month: February 2018
In late November 2017, Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, took delivery of the new build ATB hopper dredge Ellis Island and tug Douglas B. Mackie after successful completion of United States Coast Guard and ABS regulatory sea trials. Representing a substantial reinvestment in the GLDD (and U.S.
Sierra Named CEO of SENER US
Engineering and technology group SENER has named Mercedes Sierra CEO of SENER in the United States. Sierra joined SENER in 1985, growing within the organization and functioning in many management roles. This experience includes leading many of the international and multidisciplinary contracts for SENER in the aerospace field. In 2005 Spain’s Ministry of Economy appointed Sierra the Director of Aeronautics…
Seas to Continue Rising Even if Climate Goals Are Met
Sea levels will rise between 0.7 and 1.2 metres (27-47 inches) in the next two centuries even if governments end the fossil fuel era as promised under the Paris climate agreement, scientists said on Tuesday. Early action to cut greenhouse gas emissions would limit the long-term rise, driven by a thaw of ice from Greenland to Antarctica that will re-draw global coastlines, a German-led team wrote in the journal Nature Communications.
Uljanik Floats Out Scenic Eclipse
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.
Wärtsilä Inks 25 Maintenance Deal with Maersk Drilling
Wärtsilä said it has entered a cooperation with drilling contractor Maersk Drilling to create a 25-year thruster maintenance strategy for Maersk’s three semisubmersible rigs and four drillships. The parties have already completed the strategy work on the D-rigs and commenced the strategy work related to V-Drillships. By reducing the thruster exchange time, the deep-sea rigs and drillships will spend less time in sheltered waters for thruster maintenance, Wärtsilä said.
Goltens, Yara Marine Partner for Scrubbers Installs
Goltens and Yara Marine Technologies have entered into a nonexclusive global engineering and installation pact for Yara’s SOx Scrubber System from 2018, including sales representation in North America, the Middle East and Singapore. “Yara Marine is a leader in exhaust gas cleaning systems,” said Goltens COO, Roy Strand. Kai Låtun, Chief Sales and Marketing Officer in Yara Marine, said, “The value of a strong sales and service network cannot be underestimated.
DNV GL Has Issued Over 50,000 Electronic Certificates
With the introduction of IMO compliant electronic class and statutory certificates DNV GL took classification into new territory. Now, just four months after the launch of this new service, more than 50,000 certificates have been issued. “We have been overwhelmed by the positive response from our customers and the industry as a whole,” says Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Many owners have opted not to wait for their first scheduled survey to shift vessels to the new certificates…
Fincantieri Lays Keel for Italy’s New Amphibious Unit
A keel laying ceremony of the multipurpose amphibious unit (LHD or Landing Helicopter Dock) was held Tuesday at Fincantieri’s shipyard in Castellammare di Stabia, Italy, marking the beginning of the slipway works of the unit. The new unit will be delivered in 2022 and it falls within the naval program of the maritime capability of Defense, approved by the Italian Government and Parliament and started in May 2015.
Chinese Warships Enter East Indian Ocean
Eleven Chinese warships sailed into the East Indian Ocean this month, a Chinese news portal said, amid a constitutional crisis in the tiny tropical island chain of the Maldives now under a state of emergency. A fleet of destroyers and at least one frigate, a 30,000-tone amphibious transport dock and three support tankers entered the Indian Ocean, news portal Sina.com.cn said, without linking the deployment to the crisis in the Maldives or giving a reason.