Germanischer Lloyd’s (GL) North American Committee, considered current topics & challenges to the shipping industry at its recent Texas meeting. The challenge of improving vessel efficiency heads the agenda of every ship owner and operator. With sailing speeds reduced across the board, fuel efficiency has become the biggest lever to increase cost competitiveness. Both regulatory agencies and the industry are developing mechanisms to improve efficiency and in 2013 the IMO’s EEDI and SEEMP regulations will enter into force, in an effort to spur innovation and reduce CO2 emissions. David Greening of Seaspan, one of the world’s largest independent containership companies, set out his firm’s response to the challenge of rising bunker prices and a tighter regulatory environment. Seaspan was investing in highly efficient designs for new vessels, while undertaking a system to improve operational energy use, including draft and trim optimization, and using vessel based monitoring to track KPIs. In a multi-tier market that differentiates between vessels based on their efficiency, improved energy use can result in significantly improved employment opportunities and earnings. One under utilised area in shipping to realise such gains is the implementation of software systems. Kristinn Aspelund, of GL partner firm Marorka, examined some of the systems available to owners and operators to boost efficiency and cut fuel use.
Global Navigation Solutions announced that Voyager is now offered by all members of the Global Navigation Solutions maritime services group. Ship operators looking for the state-of-the-art route planning, intelligent data management and quality of compliance provided uniquely by this new digital chart management system can now obtain Voyager from any company within the Global Navigation Solutions group worldwide.
The Maritime Institute of Technology and Graduate Studies (MITAGS) and Pacific Maritime Institure (PMI) announced their upcoming “Introduction to the Maritime Environment and EPA General Permit” Course. With the introduction of the Vessel General Permit the EPA has captured an estimated 70,000 additional regulated units that have previously been exempt from permitting requirements in U.S. waters. This new universe of permitees, while previously subject to many international
In response to its continued global expansion, leading international classification society ABS has strengthened its executive leadership team with the election of Tony Nassif as Executive Vice President and Chief Operating Officer of the society. The election was made by the ABS Board of Directors at its meeting this week. Nassif moves to ABS from his position as President and CEO of the society’s wholly owned affiliate, ABS Group of Companies Inc.
New research reveals the impact of post-Macondo reform U.S. oil and gas professionals are losing their appetite for risk and are worried about rising operating costs, as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research published today by GL Noble Denton. Despite the new regulations, the vast majority believe that the U.S. will continue to be a leading investment destination
We in the passenger vessel industry strongly believe in safety. We want our operations to be safe to ensure the well-being of our crew and passengers and the protection of our assets. We work hard to establish appropriate safety policies and programs and we train and drill crew to ensure that we are all aware of the need to be safe and to appropriately respond when an accident does occur. But as we do these things
With a weakening dollar, predictions oil could hit $100 a barrel, and a boom in multi-billion dollar refinery construction, finance and shipping leaders will be meeting in Dubai this November to assess the impact on the regional and global maritime industries. The Middle East shipping industry is dominated by the tanker trade. Bookings for supertankers sailing from the Middle East to Asia account for 47% of global demand for the carriers, compared with shipments to the US and Caribbean
On October 12, Secretary of the Interior Ken Salazar determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, including those that recently went into effect, and demonstrate the availability of adequate blowout containment resources. Secretary Salazar reached his decision after reviewing a report from Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEM) Director Michael R
Shipping Minister Stephen Hammond MP has just returned from a Greek-British Shipping Forum where he addressed Greek businesses. Here he writes, exclusively for Maritime U.K., on the success of the event and the importance of Britain’s growing shipping industry. I was pleased to be invited to give the opening speech at the Greek-British Shipping Forum in Athens on Monday, alongside the Greek Maritime Minister Mr. Mousouroulis
As its key mission, Waterways Council, Inc. (WCI) advocates for a modern and well-maintained system of inland waterways and ports. WCI’s top issues areas include the implementation of waterways’ improvement legislation in the recently enacted WRRDA; remembering Rivers (the Fourth “R”) among Rail, Roadways and Runways; improving the reliability of the waterways system and properly funding its Operations & Maintenance; assuring navigation reliability during times of
Interferry has praised a decision made at last week’s meeting of the IMO Marine Environment Protection Committee (MEPC) that could exempt certain ferry operators from fitting equipment required by the impending Ballast Water Management Convention to reduce the spread of invasive species.
Commentary by Paul Crowley For northern communities and economies, the expected growth of Arctic shipping has the potential to bring new jobs and industries, lower cost of living, and new infrastructure and investment. But with these exciting opportunities come certain risks that must be
The Society for Gas as a Marine Fuel (SGMF) was formally launched by Minister Lui Tuck Yew on Wednesday, October 15, 2014 in conjunction with the Singapore International Bunkering Conference and Exhibition (SIBCON) 2014. Approximately 1,600 delegates from more than 50 countries attended the
Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite approvals of its exhaust gas scrubbing systems installed on its Equinox Class of vessels.
Intercargo has appointed David Tongue as its new Secretary General. Mr. Tongue, took up the role on 8 October, following confirmation of the appointment by Intercargo’s Executive Committee which met in London on 7 October. Mr. Tongue brings with him a wealth of maritime experience
Shipping Fuel Transparency Will Lower Emissions and Cut Costs. NGOs call on shipping industry regulator to drive down costs, trigger improved fuel efficiency and reduce ship GHG emissions through efficiency data transparency. Transport & Environment
The World Bank Group and the World Trade Organization (WTO) have agreed to enhance their co-operation in assisting developing and least-developed countries to better utilize trade facilitation programs which can help countries reduce trade costs and more fully engage in the global economy
Morgan Stanley said on Friday that there is "no assurance" a deal to sell its physical oil trading business to Russian oil company Rosneft will close. The Wall Street bank cited a contractual requirement to get regulatory approvals by year end
Protecting Workers, and Ensuring Safe Sailing for the Maritime Industry. The cable-laying vessel GS Global Sentinel was undergoing repair work. Shipyard workers and members of the ship’s crew found a mysteriously high hydrogen sulfide reading in a confined space on board that created a
To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business
A review of the ferry industry’s latest challenges and opportunities attracted a record 340 delegates to Vancouver last week for the 39th annual Interferry conference. The global trade association event exposed a string of concerns – notably over punitive safety and environmental
A tanker chartered by Canada's Suncor Energy Inc to ship oil sands crude from Quebec to the U.S. Gulf Coast was expected to receive replacement parts on Friday, enabling it to resume its journey, a Transport Canada spokeswoman said. The aframax tanker Genmar Daphne will be the second tanker of
DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea
The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United Nations’ International Maritime Organization (IMO). At last week’s meeting of the IMO Marine Environment
Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter highlights include Order intake increased 21% to €1,309 million (1,086)