Louis Dreyfus CEO, CFO Quit
Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets.The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the post to pursue other opportunities, and would be replaced with immediate effect by Ian McIntosh…
HST Orders Second Fast Crew Supplier
U.K. based High Speed Transfers (HST) has finalized an order for a second Fast Crew Supplier (FCS) 2710 from Damen Shipyards Group. The contract was signed Wednesday during WindEnergy Hamburg.The vessel, to be named HST Sofia, will be HST’s second FCS 2710 since becoming the launching customer for the vessel type earlier this year.The FCS 2710 builds on the predecessor FCS 2610, but is upgraded to deliver more flexibility…
ABB to Boost Superyacht Sustainability and Efficiency
A new 80-meter superyacht, built at the Nobiskrug shipyard in Germany, will feature a wide scope of ABB’s technologies that will enhance its environmental performance and help the vessel comply with the International Maritime Organization’s new Tier III regulations. The new regulation comes into force for all superyachts from 2021 onwards and requires nitrogen oxide (NOx) emissions to be 70 percent lower than those permitted under current limits.Due delivery in 2019…
Oldendorff Orders Shaft Power Torque Meters
U.K. based Datum Electronics has been awarded a contract from Oldendorff Carriers to supply its owned fleet with Datum Shaft Power Meter systems to seamlessly integrate with various existing ship performance monitoring systems.The addition of shaft power torque meters will help Oldendorff to further optimize fuel consumption and reduce emissions as the owner continues implementing fleet and ship performance…
Equinor Charters Shuttle Tankers for Roncador Field
Norway's Equinor has entered into time charter contracts with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen) for two newbuild shuttle tankers to transport crude oil from the Roncador oil field in the Campos Basin offshore Brazil.The new vessels will be built at Hyundai Heavy Industries in South Korea and are scheduled to enter operation in 2020.The vessels, which meet all requirements for offshore loading in Brazil…
ABS Grants AIP for Wärtsilä HY Hybrid Power Module
Wärtsilä’s hybrid power module, the Wärtsilä HY, has been granted Approval in Principle (AIP) by ABS. This AIP follows another issued by ABS in 2017 for Wärtsilä’s hybrid propulsion tug designs.Wärtsilä said it leveraged its strengths in both engine design and electrical and automation (E&A) systems do develop the fully integrated hybrid power module combining engines, an energy storage system and…
Petrobras to Resume Building Its Own Platforms
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December, should include a resumption of platform construction thanks to the company's improving finances, Petrobras' director for production and technology development Hugo Repsold said."We will build platforms independently of who is president…
Subchapter M Casts Off
Initial reports show that the towing industry is adjusting well to the new normal on inland rivers. In fact, it is business as usual for most.July 20, 2018 was a critical date for tow boat operators. That was the deadline for all U.S.-flag towing vessels – over 26 feet, or less if used to assist with transport of oil or hazardous materials – to be in compliance with Subchapter M, the U.S. Coast Guard’s towing vessel safety regulations. It’s been a long time coming.
Proposed Rate Hikes for Houston Ship Pilots Under Fire
No less than 15 shipping companies, many of them top 10 liner companies, have written to Port of Houston Chairman Janice Longoria to reject the latest call for substantial…
