Powerful Fireboat Enters Service in Long Beach
Vigilance, the second of the Port of Long Beach’s two new fireboats, was officially brought into service at America’s second busiest port on Monday, and together with its twin Protector (delivered in 2016), will replace fireboats Challenger and Liberty that entered service in the late 1980s. Vigilance and Protector, designed by Robert Allan Ltd. and built by Foss Maritime Co., cost a combined $51.6 million. Jensen Maritime Consultants served as construction manager. Each vessel features 10 water cannons capable of extinguishing fires in the harbor or on nearby land with more than 41…
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. The Lürssen Group recently joined a group of investors to collectively inject nearly $40 million into Norwegian shipyard.
S&P Upgrades MOL‘s Long-term Credit Rating to BBB-
MOL Plc. has been upgraded to BBB- investment grade long-term credit and issuer rating with stable outlook by Standard and Poor’s (S&P). S&P concluded that the upgrade to investment grade credit rating was justified by the improvement in MOL’s current and forecasted credit metrics, thanks to the company’s strong performance and supportive industry conditions. S&P added that MOL demonstrated the benefits of its integrated business model, delivered on its cost optimization program…
US to Become Oil and Gas World Leader in Long Term - IEA
The head of the International Energy Agency Fatih Birol said on Thursday the United States would - in the long term - become the "undisputed leader of oil and gas production worldwide". Speaking at the U.N. climate conference in Bonn, Germany, he said the agency expected oil markets to rebalance next year if oil demand remained "more or less" as robust as it is today and if OPEC and non-OPEC continued with their oil production cuts. (Reporting by Ahmad Ghaddar; Editing by Mark Potter)
Sovcomflot Reports Loss for 9M 2017
PAO Sovcomflot (SCF Group) reported a $6.8 million loss for the first nine months of 2017, citing the adverse impacts of low spot market freight rates in the conventional tanker sectors. “This year has proven to be a very challenging period for the tanker industry and the situation now faced by many conventional tanker ship owners is especially severe,” said Sergey Frank, President and CEO of PAO Sovcomflot. “An oversupply of tonnage and reduced demand, resulting from oil capacity cut-backs led by OPEC…
Liebherr: New Manipulator for Offshore Cranes
The Liebherr offshore crane division has produced and delivered a new manipulator tool with a safety working load of 100 tonnes. Using this equipment is designed to extend the task range of the Liebherr offshore cranes. Liebherr designed a manipulator for its ram luffing knuckle boom crane series to ensure safe, efficient and reliable operation. The Manipulator 100 is able to be used with either hook or crossbar function. The crossbar mode matches any operation – especially to those under bad weather conditions or to emergency operations.
Quadrilateral Coalition on the Indo-Pacific
With an eye on China’s activities in the region, India said that the first meeting of its officials with those from the US, Australia and Japan — described as the “quadrilateral” — agreed that a “free, open, prosperous and inclusive Indo-Pacific region serves the long-term interests of all countries in the region and of the world at large”. "Officials from India’s Ministry of External Affairs, Australia’s Department of Foreign Affairs, Japan’s Ministry of Foreign Affairs and United State’s Department of State met in Manila on November 12…
Port of Antwerp Boosts Name Recognition in India
The port of Antwerp is taking steps to further boost its name recognition in India, by expanding its network of local representatives and setting up the Port of Antwerp Alumni Association. On the occasion of the recent state visit to India by HM King Philippe of Belgium, three honorary representatives for North, South and West India were appointed by Jacques Vandermeiren, CEO of Antwerp Port Authority, to support the port’s representative office in Mumbai. Further, the setting up of the Port of Antwerp Alumni Association (PA3), will give an additional boost to Antwerp’s reputation in India.
K-Line Adds 311,000 DWT-Type VLCC “Kisogawa”
Japan’s shipping major Kawasaki Kisen Kaisha (K-Line) has expanded its fleet as it took delivery of the 311,000 dwt very large crude carrier (VLCC) Kisogawa on November 15. Kisogawa, which was constructed by China’s Nantong Cosco KHI Ship Engineering (NACKS), features a length of 339 meters and a beam of 60 meters. "The vessel achieves low fuel consumption (about 20% reduction compared with our conventional VLCC) by removing Bulbus Bow, applying ultra-long stroke slow speed main diesel engine and highly-efficient large diameter propeller," said a press release.
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. Year-over-year U.S.-flag cargos total 70 million tons, an increase of 3.3 percent over the same point in 2016.
Tomlin Named Executive VP, CFO of Admiral Valve
Admiral Valve, LLC, parent company of CPV and manufacturer of CPV high pressure valves and fittings for industrial gas, petrochemical and shipbuilding industry applications, named Kelly Tomlin as executive vice president and chief financial officer. Tomlin, who had held the position of chief financial officer at CPV for the past four years, will assume the expanded role of executive vice president as a key member of the CPV leadership team. This appointment comes just after CPV Manufacturing named David London as president, further positioning the valves and fittings leader for future growth.
TEN Completes Fleet Expansion
Tsakos Energy Navigation Ltd (TEN) has reported the delivery of the ice-class Aframax tanker Bergen TS, the last in the 15-vessel, pre-employed on long-term business, growth program, which increased the size of TEN's fleet by 30 percent over the last 18 months. With 65 vessels fully operational, the fleet's minimum revenue backlog comes to $1.3 billion with average contract duration of 2.5 years. "With the largest growth in the company's history, successfully and timely completed, TEN is well positioned to take advantage of market opportunities as they will appear," Nikolas P.
CNPC, Cheniere Pact for LNG
China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction. According to CNPC…
Upbeat Outlook for Dry Bulk Charter Rates
Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. For the medium and long term, Drewry holds the same views as in previous forecasts. Chinese steel production is expected to pick up pace at the end of winter, in the second quarter of next year, by which time production curbs will have relaxed. Strong infrastructure and construction activities will further strengthen steel consumption.
Retlif: Ensuring the Future Today
Ensuring the future today . . . by supporting the U.S. Ensuring the future is an essential part of what a testing laboratory is all about. In fact, that concept underlies every EMC test and all the torturous Environmental Simulation testing that products undergo en route to compliance. Retlif Testing Laboratories, a leading independent EMC and Environmental Simulation testing organization founded in 1978, ensures the future beyond products…with people…from the ground up…with their firm commitment to sponsorship of the U.S. Naval Sea Cadets. The U.S. Naval Sea Cadets program is a vital one.
DNV GL, Chrysaor Pact for North Sea Operations
DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd. to deliver a unique range of services to the company in support of its North Sea Operations. Chrysaor recently completed the acquisition of a package of assets in the UK North Sea from Shell for a price of $3.0 billion. The transaction sees Chrysaor become the leading independent E&P company in the UK. It currently has more than 400 staff working in the UKCS. Hari Vamadevan, Regional Manager UK & West Africa…
Rose Joins Global Diving & Salvage
Eric Rose has joined Global Diving & Salvage, Inc. as Director of Business Development, responsible for the company’s long-term revenue generation, and the support of Global’s regions and service lines, including marine construction, commercial diving, environmental services and marine casualty response. He will oversee sales and business development, marketing, client engagement and corporate strategy for revenue generation. Rose spent many years with NC Machinery for Caterpillar, most recently as Washington Equipment Sales and Rental Manager. During his tenure, he was responsible for the overall P&L of the sales and rental departments in Washington state, managing inventory levels between $30 million to $50 million per year.
Boskalis Bags Long-term Dredging Contract
Royal Boskalis Westminster N.V., together with a Cypriot partner, has been awarded a contract for long term maintenance dredging works in the Middle East. Boskalis and its partner will develop and build an electrical cutter suction dredger for these works that are set to commence shortly after the commissioning of the vessel in 2019. The cutter suction dredger will be fully electrically powered through an onshore 33kV powerline connection. The 100-meter-long shallow water vessel will have a capacity of 1,000 kW, allowing it to pump the dredged material over a distance of 7.5 kilometers. The investment will be fully recovered within the contract, and the dredger will be transferred to the client at the end of the contract duration.
MOL Presents Long-Service Awards
Mitsui O.S.K. Lines (MOL) has announced that its group seafarer manning company Magsaysay MOL Marine, Inc (MMM) held a long-service awards presentation ceremony for Filipino seafarers who work for MMM in Manila on November 3, and hosted a Family Day event the following day. MOL President & CEO Junichiro Ikeda, MOL Managing Executive Officer Masanori Kato, and executives of MOL group's ship management companies attended both events. Awards and recognition went to seafarers with 15 years of service aboard MOL-operated vessels, and a total of about 60 award recipients and their families attended.
American Maritime for Puerto Rico Recovery
The American Maritime Partnership – the voice of the domestic maritime industry – today issued the following statement to set the record straight on the importance of American maritime for Puerto Rico recovery and the capacity and capability of Jones Act vessels to meet Puerto Rico’s present and future needs. “While the American Maritime industry was delivering cargo to the docks of Puerto Rico with relief supplies within hours of the hurricane passing, familiar opponents worked to fan debunked myths about our industry and the Jones Act…
Singapore Revokes Transocean Oil's Bunker License
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Transocean Oil Pte Ltd, with effect from 6 November 2017. Transocean will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore. As part of MPA’s ongoing regulatory efforts to ensure the integrity of bunkering in Singapore, checks were conducted on Transocean in March and April this year. MPA’s investigations revealed…
Deal for Floating LNG Powerplant in China
As the proliferation of LNG use spreads rapidly in the maritime and energy sectors, word from China is that Wison Offshore & Marine has signed an MoU with Shanghai Electric Power Generation Group, on a joint effrot to develop medium to large-scale floating LNG power generation barges. Wison brings a wealth of experience and integration capability in floating LNG facilities, while Shanghai Electric is a leader in core gas power equipment and EPC services for international power projects. Based on the Floating LNG Storage Regasification and Power Generation (FSRP) solution developed by Wison earlier on, both parties will join forces to build up capabilities throughout FSRP project life cycle from product development…
New Coating Dispensing System
Sulzer Mixpac USA, Inc. has launched MIXPAC MixCoat Manual, a new member of its cartridge-based two-component dispensing system line. The lightweight MixCoat Manual protective coating dispensing system features a unique brush assembly on a manual dispenser, which increases stripe coating productivity and speed, the manufacturer said. The system is suited for repairs and rope work on offshore oil and gas, petrochemical, marine, and bridge repair applications. MixCoat Manual offers efficient…