Havila Shipping Hikes Capital
Havila Shipping has made a stock exchange announcement about expected debt conversion to shares according to subscription rights issued as a part of the restructuring of the company. The Norway-based offshore company announced about sale of vessels. The vessels were delivered to new owner on 9th and 10th November. The company received on 13 November 2017 exercise notices for 60,909,975 subscription rights related to remaining debt after sale of MV “Posh Vibrant” and MV “Posh Virtue”.
Inmarsat Launches SafetyNET II
Inmarsat has launched a vital new service, SafetyNET II, for Maritime Safety Information Providers (MSIPs), marking a key stage in upgrading the Global Maritime Distress and Safety System (GMDSS), which helps to save thousands of lives at sea each year. Inmarsat’s new generation international broadcast and automatic reception service for Maritime Safety Information (MSI), enables MSIP’s to transition their communications to web-based messaging.
Panama Maritime Authority Authorizes Turk Loydu
Turk Loydu has been authorized by Panama Maritime Authority, the world’s leading maritime administration, to conduct survey and certification activities for Panama flagged ships. Worlds No.1 maritime administration Panama Maritime Authority and Turkish classification society Turk Loydu has signed an authorization transfer protocol in Istanbul on 7th November 2017. In accordance with the signed authorization…
Denmark Zooms in on Developments in Autonomous Shipping
A conference on autonomous ships hosted by the Danish Maritime Authority zooms in on the potential for using new technology on board ships. Before long, the Danish Maritime Authority can take the next step in its efforts to create a sound and safe framework for utilising new technology in shipping. At the international conference “Zooming in on autonomous ships”, which was held today, and which had…
Hapag-Lloyd Reports Better Results for Q3 2017
Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalized by the end of the year. For the third quarter the net profit amounted to EUR 54.3 million (prior-year period: EUR 8.2 million), the EBIT rose to EUR 180.6 million (prior-year period: EUR 65.6 million)…
Technology Cooperation for Low-Carbon Shipping
The Global MTTC Network (GMN) maritime technology project, run by International Maritime Organization (IMO) and funded by the European Union, was presented during a side-event (10 November) at the UN climate change conference in Bonn, Germany (COP 23). The project established a network of five regional Maritime Technology Cooperation Centres (MTCCs). Representatives of the European Union, IMO, MTCC-Caribbean and MTCC-Pacific participated at the event.
Damen Presents ‘Gone With the Wind'
Marco Bovio, Senior Research Hydromechanics Engineer at Damen, presented details of internal research Computational Fluid Dynamics (CFD) based project ‘Gone With The Wind’ (GWTW). For the past two years Damen has been conducting a review of CFD technology and its applications in the maritime industry, and GWTW has been addressing one specific aspect of this. Its purpose, to look at the capability of CFD to accurately model the aerodynamic forces that act upon vessels above the waterline…
BAE System Wins $139.8M Contract
BAE Systems Norfolk Ship Repair, Norfolk, Virginia, is being awarded a $139,818,901 firm-fixed-price contract for the execution of USS Tortuga (LSD 46) fiscal 2018…
BW Group, Mitsui Form FSRU Joint Venture
A joint venture agreement between Japan’s Mitsui & Co. and Singapore’s BW Group Limited will see Mitsui purchase a 49 percent share in the floating storage and regasification unit (FSRU) BW Integrity, while BW will maintain a 51 percent share. The deal is expected to close as soon following payment for the acquisition. BW Integrity is currently in Port Qasim on a 15-year charter to PGP Consortium Limited (PGPC), to provide LNG regasification services at Pakistan’s second LNG import terminal.
US-flag Great Lakes Shipping below October Average
U.S.-flag Great Lakes freighters (lakers) moved 9.5 million tons of cargo in October, up 7.1 percent compared to a year ago, but slightly behind the month’s long-term, the Lake Carriers’ Association (LCA) reported. Iron ore cargos for steelmaking totaled 4.8 million tons, an increase of 9.4 percent compared to a year ago, LCA said. Coal loadings rose almost 9 percent to 1.4 million tons, and limestone cargos increased 5.3 percent to 2.7 million tons.
Former Maersk Boss Named Unifeeder Chairman
Nils Smedegaard Andersen has been appointed Chairman of the Board of Directors of Denmark based feeder and shortsea operator Unifeeder, taking up his first directorship within the logistics and shipping industry after stepping down from his position as Group Chief Executive Officer of A.P. Moller - Maersk A/S in 2016. Andersen, who is a board member and strategic adviser to Unifeeder’s largest investor, e.g.
GTT to Design LNG Tanks for New FSRU/LNG Carriers
GTT has won a contract to design the liquefied natural gas (LNG) tanks for two dual purpose vessels capable of operating as efficient LNG carriers and floating storage…
New Curved Jaw Flange Couplings Launched
Guardian Couplings has launched the new curved jaw flange (JF) K45 Series shaft-to-shaft coupling with a bolt-on disc for use with brake calipers. The new torsionally flexible coupling is designed for industrial applications including various types of cranes and hoists, winches, and mining conveyors, reclaimers and draglines. Five models are available with bore sizes from 0.87 in. to 4.92 in. diameter and braking torque ratings from 8,310 in.lbs. to 63,720 in.lbs.
Engines Selected for CMA CGM’s LNG Mega Ships
WinGD X-DF engines will power CMA CGM’s record setting containerships. French shipping line CMA CGM has chosen WinGD’s largest, 92 cm bore, dual-fuel low-speed engine to power its series of groundbreaking box ships – presently the largest on order globally, and the first ultra large container vessels with capable of running on liquefied natural gas (LNG). The series of nine ultra-large 22,000 TEU capacity containerships will be built at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
Odfjell, Sinochem Form Chemical Tanker Pool
Odfjell SE said it has signed Framework Agreement with Sinochem Shipping Singapore Pte. Ltd whereby the Norwegian ship owner will take four vessels on long-term bareboat charter and together form a pool of eight 40,900 dwt chemical tankers. The four chemical tankers are part of Sinochem’s series of eight ordered from Hantong Wing Shipyard in China. Sinochem will retain ownership of the series’ four other vessels…
BCGP Appoints Bon Fleur as General Manager
Brunswick Commercial & Government Products (BCGP) has announced Erik Bon Fleur as its new general manager. In this role, Bon Fleur will be responsible for day-to-day operations and business activities, reporting to Boston Whaler Group President, Nick Stickler. Prior to joining the BCGP team, Bon Fleur served in various other roles inside BCGP’s parent company, Brunswick Corporation, including continuous improvement manager for Boston Whaler…
Voices: Bjarne Foldager, MAN Diesel & Turbo
When Bjarne Foldager, MAN Diesel & Turbo’s Vice President, Sales & Promotion, joined the company about one year ago, he replaced an industry icon, Ole Grøne, a ubiquitous figure at MAN D&T who after 40 years has transitioned to an advisor role with the company. We caught up with Foldager in his Copenhagen office to discuss emerging market trends from the perspective of the global marine power leader. Please provide a brief background, with details of your current position.
Norway's Arctic Oil Plan Violates Constitution, Lawsuit Says
Norway's plan for Arctic oil exploration is unconstitutional because it violates the right to a healthy environment, a lawyer for Greenpeace and the Nature and Youth environmental group told an Oslo court on Tuesday. The case is the first of its kind in Norway and says a 2015 oil licensing round in the Arctic that gave awards to Statoil , Chevron and others violates the constitution. Norway signed the 2016 Paris accord, which aims to end the fossil fuel era this century.
Kleven, Lürssen Partner to Build Explorer Vessel
Norwegian shipbuilder Kleven said it has signed a contract with German based luxury yacht designer and builder Lürssen to collaborate for the delivery of a 100-meter-long exploration vessel newbuild for a non-disclosed customer. Kleven said the vessel will be built, partly outfitted and technically finalized at Kleven Verft in Norway, before final outfitting at Lürssen’s Blohm+Voss facility in Hamburg, Germany.
New Passenger Ferry for Seychelles’ Inter Island Express
A new 30-meter aluminum passenger ferry Isle of la Digue built by Richardson Devine Marine is the latest vessel designed by Incat Crowther for the Seychelles operator Inter Island Express. The catamaran newbuild, which required a very shallow draft to afford access to the operator’s confined harbor berth, is the first to feature Incat Crowther’s new generation propeller tunnel to reduce propeller draft…