Maritime Industry Top News
Nor-Lines, Rolls-Royce Sign Service Agreement
Nor Lines and Rolls-Royce have signed a āPower-by-the-Hourā service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of ābig dataā to monitor, plan and perform maintenance and repairs on all the equipment it has installed on the cargo vessels. Power-by-the-Hour is a completely new service from Rolls-Royce Marine, and the agreement with Nor Lines is the first of its kind.
Hapag Lloyd Completes Merger with UASC
German shipping line Hapag Lloyd and Arab sector peer UASC have completed a delayed merger which creates the world's fifth-biggest shipping company. The German company said on Wednesday that the deal to combine the two businesses, announced in April 2016 and sealed in July last year, has closed and been listed in commercial registers as of May 24, including a capital increase of 45.9 million euros.
Vartdal Wins WISTA LeaderShip Award
Birgitte Ringstad Vartdal, CEO of Golden Ocean, has been awarded the WISTA LeaderShip Award 2017 by WISTA Norway as recognition of her contribution to the maritime industry, her competency and leadership skills within the traditionally male dominated role of CEO. The award will be presented at Nor-Shippingās Waves of Change Conference on May 30. āBirgitte Ringstad Vartdal has lived up to WISTAās core valuesā¦
Keppel to Build Additional Dredgers for Jan De Nul
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Codralux S.A., a wholly-owned subsidiary of Jan De Nul Groupā¦
Stolt-Nielsen Orders Small LNG Carriers
Stolt-Nielsen Limited subsidiary Stolt-Nielsen Gas B.V. (SNG) has contracted with Keppel Singmarine for the construction of two 7,500 cbm liquefied natural gas (LNG) carriersā¦
Seadrill Names Dibowitz CEO
Oslo-listed rig firm Seadrill named a new chief executive from within its own ranks on Wednesday and said its talks to restructure $14 billion of debt and liabilities had reached an advanced stage. Once the world's most valuable rig firm, Seadrill's business was hard hit when oil companies sharply cut investments and exploration in the wake of a 2014 crash in oil prices. Anton Dibowitz, current chief commercial officerā¦
Skangas Names LNG Bunker Supply Ship Coralius
Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum.
GE Completes HAZID Meetings for Worldās First LPG-Fueled Ferry
GEās Marine Solutions reports that the worldās first Liquid Propane Gas (LPG)-fueled ferry design to use GEās COmbined Gas turbine Electric and Steam (COGES) systemā¦
IBIA Backs ICS, IMO Proposals on CO2 Emissions
Pressure is growing on the International Maritime Organization (IMO) to deliver specific commitments to reducing greenhouse gas emissions. A proposal from the Internationalā¦
Scorpio Tankers Merges with Navig8 Product Tankers
Scorpio Tankers has entered into definitive agreements to merge with Navig8 Product Tankers and acquire Navig8ās 27 operating product tankers. Subject to the terms and conditions of these agreementsā¦
ICS on CO2 Reduction Objectives
Members of the International Chamber of Shipping (ICS), including the UK Chamber, met last week in Istanbul, where they agreed to set new objectives in reducingā¦
MOL to Build Japan's First LNG-Fueled Tugboat
Mitsui O.S.K. Lines (MOL) has announced the company's decision to build an LNG-fueled tugboat. The new tugboat, the first LNG-fueled tug in Japan, will conform toā¦
CMA CGM, Hamburg Sud Launch Americas Service
French container shipping company CMA CGM announced the launch of its new service between the west coast of the United States, Central America and South Americaā¦
Towing Vessel Runs Aground in Louisiana
An uninspected towing vessel taking on water has run aground in Louisianaās Calcasieu Ship Channel, early Monday morning. At 3:45 a.m., the three-man crew aboard the 60-foot towing vessel Mr. Landon intentionally ran the vessel aground near Monkey Island to avoid sinking when they realized they were taking on water in the stern. No injuries were reported. Approximately 10 gallons of oil was spilled as a result of the incident. Clean up efforts were coordinated by U.S.
NYC's New Ferries Take to the Water
The first vessel in the new NYC Ferryās fleet has been christened Lunch Box, following a naming competition held amongst New York school students. Lunch Box, which has already been followed by a subsequent pair of vessel in New York, is the first vessel in a fleet of 26m catamaran ferries commissioned by Hornblower Cruises to form NYC Ferries, a government initiative to bring an affordable, city-wide ferry network to the Big Apple.
Fleet Performance Management is No Quick Win
Fleet Performance Management (FPM) can drive efficiency improvements of up to 38 percent, but many ship owners and operators are finding that FPM is costing, rather than saving them money. The expectation that once you plug and play an FPM system the savings will be immediate, has set a precedent that in real terms, is simply unachievable. Peter Mantel, Managing Director of BMT SMART, a subsidiary of BMT Groupā¦
Somali Pirates Hijack Iranian Fishing Vessel
Somali pirates hijacked an Iranian fishing vessel on Tuesday to use as a base to attack bigger, more valuable ships, the mayor of a Somali town said, part of anā¦
McDonough Launches M 2820 Barge
McDonough Marine Service has launched its latest barge design series at the Westport Orange Shipyard in Orange, Texas. The M 2820 (282āL x 54āW x 12ā6āH, with 3,000 lbs/sq.ft. deck load rating) was delivered on-schedule, and is expected to bring greater possibilities to Project Cargo transportation on the inland waterways. āAs growth continues to develop in the infrastructure, petrochemical and power generation marketsā¦
Should OPEC Worry About Contango and Backwardation?
"Backwardation is the solution" to OPEC's problem of how to raise output and revenues without sparking another shale boom, according to the influential oil research team at Goldman Sachs.
Odfjell Buys Secondhand Chemical Tanker
Oslo listed shipping firm Odfjell SE said it has purchased a secondhand stainless steel chemical tanker for $25.5 million. The M/T Argent Eyebright, built in 2009 by Kitanihon Shipbuilding in Japanā¦
