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Ship Owner

Deal Struck on LNG Delivery for Shipowners

Photo courtesy of Wespac

Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance. This strategic partnership will ensure the supply and delivery of LNG to ship owners utilizing CME’s Emissions Compliance Service Agreement (ECSA) to convert to cleaner fueling. The WesPac/CME integrated solution represents a significant step in the evolution of LNG as a marine fuel. The partnership is able to provide both the funding required for LNG conversion as well as the infrastructure for LNG supply and delivery. Conversion to LNG while financing the up- front investment provides the economic benefit of LNG fueling to ship owners without capital deployment, and ensures compliance with ECA regulations taking effect on January 1, 2015. Pace Ralli, CEO and Co-Founder of CME, explained: “The first question every ship owner asks is ‘Where will I get the LNG?’ because if they cannot ensure the future delivery of LNG then they will not see the investment payback. CME’s partnership with WesPac provides the answer to this question and greatly simplifies the decision to convert to clean, lower-cost LNG fuel.”


Bio-Sea and Ocean Clean Organize Seminar

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On August 2013, BIO-SEA, in cooperation with its German Partner Ocean Clean from the Kloska Group, organized a seminar on ballast water treatment systems, in Hamburg-Germany in which worldwide ship owners and engineering companies participated. The aim of the seminar was to raise awareness on the BIO-SEA BWT systems. It  allowed the share of information and experience among the participants. Bio-Sea said its partner Ocean Clean will be able to provide German ship owners with turnkey


Editorial: BWTS. Like it or Not, Here it Comes

Gregory R. Trauthwein  Associate Publisher & Editor

With age comes perspective, and in my 20 plus years reporting on this industry I have seen my fair share of regulation that has served to ‘raise the hackles’ of ship owners. It is quite simple really; new regulation often means new procedure, new design, new equipment and new costs. With the possible exception of the new rules in the wake of the Exxon Valdez which mandated double hulls on tankers, the Ballast Water Management System issue is the most acrimonious debate I have


Greece Crisis Threatens Nigerian Ship Owners

Image: Nigeria Shipowners Association

 There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria.   Recently, some ship owners Association has signed a Memorandum of Understanding MoU with Greek ship owners whereby 40 ships of various tonnages and class will be brought into Nigeria’s Coastal and Inland Shipping Cabotage trade on a bareboat charter arrangement.  


ABB’s Norway Integrated Ops Center

Photo courtesy of ABB

ABB has unveiled a new Integrated Operations Center which allows ship owners to take greater control of their fleet from shore.   From the center, situated in Billingstad in Norway, its expert engineers can connect to any vessel anywhere in the world which is fitted with ABB technology. Sensors and software onboard the ship send equipment and performance data via satellite link which allows ship owners, in collaboration with ABB’s experts


World First: Greek Ship Owner Awarded Carbon Credits

Carlos Soler, AkzoNobel’s Business Director for Southern and Eastern Europe (left) presenting 13,735 carbon credits to Costas Mitropoulos Neda Maritime Co Ltd’s Technical Director (Photo: AkzoNobel)

Neda Maritime Agency, a  Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business.   A total of 13,375 carbon credits, potentially worth around $60,000, have been presented to Neda Maritime via the program.  Launched in 2014, it is reported to be the first scheme of its kind that financially rewards ship owners for using sustainable hull


OW BUNKER Says Outsourcing Model Is Natural Evolution For Fuel Supply

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Outsourced relationships with ship owners/operators can drive further efficiencies within operations   OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today stated that outsourcing fuel procurement is a natural evolution within the shipping industry as ship owners and operators look to maximise efficiencies and reduce costs within their operations. Speaking at the Bunkerworld 2011 Conference in Athens, Lars Henrik Hejlesen, Sales Development Manager


Korean Shipyard Launches PIL Container Ship

Kota Gaya: Photo credit Navgathi Marine

The first ship of four 2800TEU container ships, 'Kota Gaya', for Pacific International Lines (PIL) launched from Hyundai Mipo Dockyard, Ulsan, S.Korea. Navgathi Marine is providing the project management for the new-buildings for Pacific International Lines and Navgathi’s professional team is on site to manage the project. The Kota Gaya is of 222 m LOA, beam 30 m and a 12 m scantling draft. She is powered by Hyundai-MAN B&W 8L70MC-C8.1 engines of nominal rating 26,160 KW x 108


Impact of Financial Crisis on Greek Shipping

 Image: Reinventing Greece Media Project

 Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday.   Greeks have said No to austerity terms imposed by international creditors, which could have led to the releasing a package of fresh financial aid which could help in the long battle to keep Greece afloat.   


Hyundai Heavy Industries to Build 'Connected Smart Ships'

Collaboration will help shipbuilding company offer built-in digital technologies to improve operational efficiency and decision making processes for ship owners   Shipbuilder Hyundai Heavy Industries is collaborating with technology service provider Accenture to design a ‘connected smart ship’ that aims to enable ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies.  


WE Tech to Equip Ektank Vessels

Finland-based WE Tech will deliver variable speed permanent magnet shaft generator solution to Swedish shipping company Ektank AB   WE Tech Solutions said it has received an order to deliver its permanent magnet shaft generator solution to two new 18


Pirates Demand Ransom for Tanker Seized off Somalia

Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said.   The pirates seized the Comoros-flagged Aris 13 tanker on Monday


Marlink Acquires IT Management Partner Palantir

Marlink has acquired Palantir AS, a Norway-based maritime IT company specializing in remote IT management solutions. The Share Purchase Agreement whereby Marlink acquired 100 percent of Palantir AS shares was completed on March 17, 2017.  


Hapag-Lloyd, Inmarsat Ink Fleet Xpress Deal

Image: Inmarsat

 Global mobile satellite communications services provider Inmarsat has signed a five-year contract with Hapag-Lloyd to migrate all ships directly managed by the shipping line to services enabled for Fleet Xpress.   Hapag-Lloyd, the sixth largest container shipping operator in the world


‘World’s Greenest Cruise Ship’ Construction Underway

Hurtigruten CEO Daniel Skjeldam (right) officially started the construction of MS Roald Amundsen at Kleven Yards, Norway. Kleven CEO Ståle Rasmussen (left). (Photo: Hurtigruten)

Hurtigruten CEO Daniel Skjeldam pressed the button to officially kick off the construction of hybrid expedition cruise ship MS Roald Amundsen – “the greenest cruise ship the world has ever seen,” according to the ship owner.  


Palau Ship Registry Opens Piraeus HQ

Panos Kirnidis, Chief Executive, Palau International Ship Registry, in his new European Head Office in Piraeus, Greece. (Photo: PISR)

The Palau International Ship Registry (PISR) has opened a new head office in Piraeus, Greece.   PISR, who also has offices in Houston, said the new Piraeus office, along with its network of Registrars in the China, Cyprus, UAE, Germany, India, Japan, Egypt, Lebanon, Malaysia, Nigeria, Panama


Vard Secures Trawler Build Contract

Artist impression: Skipsteknisk

Vard Holdings Limited said it has secured a contract to build a pelagic trawler for Research Fishing Company, based on Shetland. The contract value is approximately NOK 350 million (roughly $41.4 million USD).   In close cooperation with the ship owner


Damen Plunges into LNG Market

Liquefied Gas Carrier 3000 LNG (Photo: Damen Shipyards)

Damen Shipyards Group’s range of Liquefied Gas Carriers is a response to the changes seen in the maritime LNG market in recent years. The Dutch company’s designs meet a variety of capacity requirements, from 500 m3 to 7,500 m3. The maritime LNG market has long been faced with the


Inside Brazil's Cruise Slump

Photo: Claudio Paschoa

Brazil is still attracting cruise lines, such as Norwegian Cruise Line, which is bringing a ship to Brazil for the first time in the 2016/2017 season. However, hard numbers do not bode well for the industry as the number of cruises dropped by more than half in four years


Chine Cruise Ship's New Destination: Disputed South China Sea

Image: China State Shipbuilding Corporation

 China has commissioned a new cruise ship to take tourists to islands claimed by Vietnam in the disputed South China Sea, reinforcing its claim over the area, reports Reuters.   The ship called Changle Gongzhu, or Changle Princess, sailed from Sanya with 308 passengers on board


Canadian Fleets, Seaway Invest $160 Mln for 2017 Season

File photo: Thunder Bay Port Authority / Chamber of Marine Commerce

Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast, according to the Chamber of Marine Commerce.  


Asia Tankers-VLCC Rates Falling as Tonnage Outweighs Demand

File Image (CREDIT: AdobeStock)

Freight rates for very large crude carriers (VLCCs), which fell to five-month lows this week, are set to drop further as excess tonnage and an absence of port congestion weigh on the market, brokers said.   Supertanker charter rates, which are already below the breakeven levels for ship


European Recyclers Form Ship Recycling Group

Photo: NGO Shipbreaking Platform

 Five European ship recycling yards have joined forces to effectively raise awareness of existing best practice and the fact that there is capacity in Europe to properly recycle ships.    The newly established European Ship Recyclers Group (ESR)


Somali Pirates Hijack First Ship since 2012

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on Tuesday, the first time a commercial ship has been seized in the region since 2012.   Security forces have been sent to free the Aris 13, a regional police official said late on Tuesday.


ABB's RDS Update Brings Predictive Capabilities of Big Data

Photo: ABB

ABB is deepening its analytical and predictive approach to vessel maintenance with the latest upgrade of its Remote Diagnostic Service (RDS).    ABB is one of the leading advocates of the digitalization of shipping and has already launched Integrated Operation Centers in Asia






 
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