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OUTCOMES

HiLoad LNG Offloading Solution Presented at OTC

HiLoad LNG AS, a subsidiary of Sevan Marine ASA, and Technip presented together this year the HiLoad LNG Parallel Loading System (PLS) at OTC. This system utilizes the HiLoad LNG unit for station keeping and Technip’s cryogenic flexible aerial pipes to transfer LNG from a FLNG unit (either a Sevan Marine Cylindrical unit or ship shaped FLNG) to a fully conventional LNGC with no modifications necessary.   The combination of the HiLoad LNG unit and Technip’s cryogenic pipes was simulated last year at MARIN’s facilities in Holland. The successful outcome of this simulation demonstrated the ability of the system to maintain vessel separation of 100m or more in rough environmental conditions and with a minimum length of the LNG transfer lines. This has been the successful outcome of over 2 years of nonexclusive development cooperation between Technip and HiLoad LNG including studies paid for by Technip in 2014 and 2015.   The HiLoad LNG Parallel Loading System can also be used with other transfer solutions such as a floating cryogenic hose.  


Report on MOL Comfort Incident is out

MOL Comfort

  In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions, to carry out the following course of action: (1) Investigate the possibility of casualty occurrence (2) Consider and examine safety of large container ship structure


Osprey Maritime Gets Extension

Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities were originally repayable on July 20, 1999. The outlook for Osprey, which has a total debt of $813.7 million as of June 30, 1999, hinged on the outcome of its talks with bankers to extend its short term loans. The debt was incurred following its multi-million acquisition of Gotass Larsen Shipping Corp in 1997.


Kidnapped Bourbon Crew Released

Bourbon announces that its 10 crew members kidnapped in Cameroon on 31st October on board the Bourbon Sagitta were released on Nov. 11. They are now safe in Yaoundé. After medical check-ups, all of them appear to be in good health. Bourbon wishes to thank everyone who has contributed to the successful outcome of this affair for their support and efforts, and in particular the local Cameroonian authorities, as well as the French Ministry for Foreign and European Affairs.


Collaboration Lays Benchmark for International Award

Royal Australian Navy Adelaide Class Frigate, HMAS Newcastle sails off the coast of Cable Beach, Western Australia during Exercise Northern Shield 2016. Photo: Royal Australian Navy

 A combined Defence and industry team has won the International Association of Contract and Commercial Management Innovation Award for Operational Improvement.     The FFG Enterprise is a collaboration between Defence's Capability Acquisition and Sustainment Group, Royal Australian Navy, Thales Australia and BAE Systems Australia, working together to sustain and deliver seaworthy guided missile frigates.    


EXMAR, VOPAK Ink FSRU Business Deal

Photo Exmar

Following the announcement on 2 September 2016 that EXMAR and Vopak had started exploratory discussions on floating LNG storage and regasification, an important milestone has been reached being the signing of an agreement on the acquisition of the FSRU business of EXMAR by Vopak and the possible cooperation between EXMAR and Vopak in future projects. The agreement on the acquisition envisages the transfer in stages of EXMAR’s participation in FSRU assets


Navios Apollon Released from Captivity

Navios Maritime Partners L.P. announced that the Navios Apollon and her crew were released on Feb. 27 2010. Navios Partners reported that the Captain and crew are healthy and will be reunited with their families shortly. Navios Partners thanks the Captain, the crew and their families for their fortitude through this trying ordeal. Many assisted the company in achieving this outcome. Navios wanted to recognize the special efforts of the Chinese Embassy in Greece, and the Ambassador personally


Safe Bulkers Time Charter for Panamax Vessel

Safe Bulkers, Inc. (NYSE: SB) announced that it has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months, with a forward delivery date in second quarter of 2011, at a gross daily charter rate of $20,250, less 3.5% total commissions. Dr. Loukas Barmparis, President of the company, said: “The new three-year time charter, which has a higher rate compared to the vessel’s current rate


EDHEC-Risk Institute Welcomes Eight New Members

EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry


WCI Names Zea as Director

Tracy Zea (Photo: WCI)

Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4.  He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern, efficient, and reliable inland waterways transportation system.  Zea will also work to enhance WCI’s stakeholder relationship with the U.S. Army Corps of Engineers


$400 bln of unassessed climate risk in shipping

Revealed preferences for energy efficiency in the shipping markets Photo Carbon War Room

Today, Carbon War Room (CWR) and UMAS released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt. With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels


Emas Offshore Braces for Ezra’s Bankruptcy

Lee Kian Soo, Executive Chairman Photo: EMAS Offshore

 The EMAS Offshore (EOL) board of directors warns that the Chapter 11 filing of parent company Ezra Holdings  may negatively impact EOL and its subsidiaries, which could possibly lead it to face a going concern issue. EMAS Offshore Limited is a subsidiary of Ezra Holdings Limited


Hapag-Lloyd Expects Rising Freight Rates in 2017

File Image: CREDIT - Port of Boston

Moderate increases in freights to be achieved in 2016; new Alliance membership starts on April 1.   German container shipping line Hapag-Lloyd expects freight rates to be several percentage points higher this year than in 2016, one of a number of factors that should help the company


Kongsberg Launches Kognifai

kognifai is is an all-encompassing and open digital ecosystem for users to collect, store, analyze, and apply the data they generate using Komgsberg  and third-party systems  (Photo: Kongsberg)

Kongsberg has announced the launch of Kognifai, its open and collaborative digital platform that places a portfolio of applications into the cloud. Kognifai focuses on optimizing data access and analysis for customers across maritime and energy industries


Carnival Princess to Pay Record $40 mln for Polluting the Seas

Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. The charges against Carnival's Santa Clarita


The Training Implications of Subchapter M

(Photo: Drew Arenth)

It’s a major understatement to say that Subchapter M is top of mind for workboat operators. While most would agree that the new regulations will raise the level of safety and operational sophistication, most would also likely agree that with change comes uncertainty, cost and effort


Maersk Line Scraps 8 Panamaxes

Photo:  A.P. Moller - Maersk

Ship recyclers in India and China will recycle eight vessels owned by Maersk Line. The ship recyclers have agreed in full to the A.P. Moller - Maersk Responsible Ship Recycling Standard.    The deal gives Maersk Line greater fleet flexibility and vessels will be transferred to the


Coast Guard Plucks Sailors from Icy Annapolis Waters

Four people were rescued from frigid waters off Annapolis, Maryland, on Sunday after more than a dozen sailboats capsized during a race held in rough, windy weather, the U.S. Coast Guard said. The Severn Sailing Association reported that 22 people had fallen into the water off 15 small


USCG Fines Ferry Passenger for Laser Incident

MV Tokitae (Photo: WSF)

A Washington resident has been fined for interfering with the safe operation of a Washington State Ferry (WSF) passenger vessel by shining a laser at the ferry’s master and chief mate. Mark Raden of Freeland, Wash. was aboard the WSF Kitsap transiting between Mukilteo and Clinton on


MPA's Anti-piracy Meet, Workshop fosters Closer Ties

Particiapnts from Africa and Asia Photo MPA

The inaugural Meeting of Anti-Piracy Contact Points and Workshop on Piracy and Armed Robbery against Ships involving participants from Africa and Asia was held in Singapore today. Organised by the Maritime and Port Authority of Singapore (MPA) and the Regional Cooperation Agreement on Combating


Hong Kong to Release Singapore's Seized Troop Carriers

Hong Kong is to release armoured vehicles belonging to Singapore impounded in the Chinese-ruled city on their way home from military exercises in Taiwan, Singapore said on Tuesday.   Hong Kong customs seized the troop carriers in November


Carnival, Wärtsilä Partner on Ship Performance

Carnival Dream (Photo: Wärtsilä)

Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability


DNV GL’s New Veracity Industry Platform Unlocks Potential of Big Data

Image: DNV GL

 DNV GL is launching a new industry data platform – “Veracity” – to help the maritime industry improve its profitability and explore new business models through digitalization.    The Veracity industry data platform is designed to help companies improve


MSC Mulls Stake in Messina

The world's no. 2 container line Mediterranean Shipping Company (MSC) is in talks to acquire a stake in smaller Italian counterpart Messina, the Swiss-headquartered group said, in another sign of consolidation in the sector. Container lines are battling their worst ever downturn due to a glut


DNV GL Completes Tech Due Diligence for Gaelectric

Image: DNV GL

 DNV GL has concluded vendor’s technical due diligence on a portfolio of wind farms totalling around 230 MW.   DNV GL successfully completed its vendor’s technical due diligence of a portfolio of Irish wind farms for Gaelectric Holding plc






 
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