Eimskip to Acquire Nor Lines
Eimskip has entered into an agreement to acquire the Norwegian shipping and logistics company Nor Lines. The business, with about 200 employees and an estimated annual turnover of approximately EUR 110 million, will be restructured in order to be aligned with Eimskip’s current operations in Norway. Ingvald Løyning, CEO of DSD, said, “DSD started the process of finding a strategic solution for Nor Lines early this year.
Optimarin Grows US BWTS Order Book
Norwegian ballast water treatment (BWT) specialist Optimarin said it has secured a two-system contract with Fincantieri Bay Shipbuilding (FBS) in Sturgeon Bay, Wis. The agreement, which Optimarin said comes ahead of its imminent USCG approval, will see two 500 m³/h capacity Optimarin Ballast Systems (OBS) fitted on a single clean products barge. “The ability to trade in U.S. waters is key to global shipowners who want flexibility for their fleets,” comments Optimarin CEO Tore Andersen.
South China Sea Arbitration: Implications for Maritime and O&G
A recent decision by an international tribunal in The Hague, Netherlands, has significant implications for other maritime disputes, freedom of navigation, and future oil and gas claims in the Arctic. The arbitral award issued on July 12, 2016, by a unanimous five-member panel or Permanent Court of Arbitration (PCA) in the dispute between the Philippines and China over rocks and elevations in the South China Sea…
MARAD Grant Boosts Container Barge Efficiency
Container Loading Equipment to Provide Greater Efficiencies for Container on Barge Service Between Baton Rouge and New Orleans. The Port of New Orleans and the Port of Greater Baton Rouge will acquire specialized container loading equipment to increase efficiencies to the current container on barge shuttle service between Baton Rouge and New Orleans with a newly announced grant of $1,758,595 from the Maritime Administration (MARAD).
China Classification Society Opens Office in Denmark
The China Classification Society (CCS), which falls under the Chinese Ministry of Transport, has opened an office in Copenhagen, further extending Sino-Danish maritime cooperation. “For a maritime nation such as Denmark, it is important to have good relations and to cooperate with major maritime nations like China,” said Danish Maritime Authority (DMA) Director General Andreas Nordseth. “Therefore…
World’s Most High-tech Ship Enters Service
USS Zumwalt (DDG 1000), representing the newest class of surface combatant, was commissioned on October 15 in ceremonies at Baltimore. Secretary of the Navy Ray Mabus was the principal speaker. “This ship is an example of a larger initiative to increase operational stability and give the U.S. a strategic advantage,” he said. “Our Navy and our Marine Corps, uniquely, provide presence – around the globe…
Speedboat Hits Reef, Sinks off Indonesian Island, 18 Killed
A speedboat carrying 101 people, mostly migrant workers, struck a reef and sank off an Indonesian island on Wednesday, killing 18 people, the country's disaster agency said.
MV WERFTEN Invests Another $14.4 Mln in Wismar Yard
The founding of a new cabin factory is part of the MV WERFTEN Group’s extensive investment program at its Wismar site. MV WERFTEN Fertigmodule GmbH, part of the MV WERFTEN Group, officially took over its own cabin factory in Wismar. The facilities with a total area of 22,000 square meters will be used for manufacturing ship cabins for the cruise ships with delivery from 2020. Besides a modern production area of 8…
Ballast Water Management Systems: Let the Games Begin
With the accession by Finland to the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, 2004 (better known as the Ballast Water Management or BWM Convention), there are now sufficient ratifications for the Convention to enter into force. Entry into force will occur on 8 September 2017. It has been an agonizingly slow process for a convention that was adopted with such high hopes.
Ship Design: Monitoring and Analysis for Emissions Reduction
In April 2015, the European Union adopted a mandatory Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions resulting from maritime transport. The MRV requires operators of large ships to monitor and annually report the verified amount of CO2 emitted on journeys to, from and between EU ports. Using basic input data (distance, fuel, time, cargo weight) and indicators the ship’s performance is determined and reported publicly.
LNG Fuel is Not a Cure-all Solution
Liquefied natural gas (LNG) is not a panacea to reducing greenhouse gas emissions, and its increasing use as a marine fuel could be worse for the environment than burning heavy fuel oil…
Crude Stocks Jump 14 Mln Barrels -EIA
U.S. crude stocks rose sharply last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the U.S. Energy Information Administration showed on Wednesday.
New Tall Ship to Feature Hybrid Propulsion System
The San Francisco Bay Area nonprofit, Educational Tall Ship Program has ordered a 100kWh energy storage system (ESS) from Corvus Energy as a part of a hybrid electric propulsion system on board its new, 132-foot Brigantine tall ship, the Matthew Turner, which is currently under construction in Sausalito. The Educational Tall Ship Program together with a sister organization, Call of the Sea, are both dedicated to utilizing tall ships to provide on-the-water education for local students…
Port Officials Charged in Kenyan Corruption Clampdown
Thirteen port and customs officials were charged on Wednesday with stealing cargo containers and aiding tax evasion on freight at Kenya's Mombasa port, part of a drive to clamp down on corruption and boost efficiency at the hub. Mombasa acts as a trade gateway for much of East Africa. But neighbouring countries have often complained about corruption and the slow processing of cargo. The port replaced…
Lloyd's Register Renews Ecospeed Certificate for Ice Ships
Classification society Lloyd’s Register has renewed its certification of the Ecospeed hard coating as an approved abrasion resistant hull protection system for vessels operating in Polar waters. Upon receiving the new Certificate, Subsea Industries’ CEO Boud Van Rompay said: “Lloyd’s Register’s renewal confirms the lasting durability and strength of Ecospeed and is indicative of the increasing confidence classification societies have in hard-type protective hull coatings.
Envirocleanse Applies for BWTS Type Approval
Envirocleanse LLC recently submitted a Letter of Intent to the U.S. Coast Guard and the International Maritime Organization (IMO) indicating that the company will…
Singapore Considering Financial Aid to Marine Sector
Singapore's minister of trade and industry S. Iswaran said the government is working in consultation with the marine and offshore engineering sectors, plus the region’s financial institutions, to review the possible need for measures to help them recover from the economic downturn prolonged by the recent slump in oil prices. Government-backed loans are already provided which help small businesses deal…
Maersk Box Unit Records Q3 Loss
A.P. Moller-Maersk , the world's biggest shipping firm, said the container business on which it is staking its future made a loss in the third quarter of the year as freight rates declined further.
China Condemns South Korea's Warning Shots at Fishing Vessels
China on Wednesday said it was "very dissatisfied" with South Korea after the latter's coast guard fired warning shots at Chinese fishermen in South Korean waters.
Maersk CEO: Rates to Rise as Box Sector Cuts Capacity
A.P. Moller-Maersk on Wednesday disappointed investors with a third-quarter loss for its container business but Chief Executive Soren Skou said he expects freight…
