Bergen Group: New CEO, CFO
Norway's Bergen Group has appointed Nils Hoff as its new CEO and Morten Riiser as CFO, effective Thursday.Hoff succeeds Torgeir Nærø, who has resigned as CEO to pursue other opportunities. The outgoing cheif executive will take on an advisory position until the end of Q1 2019.Bergen Group ASA board chairman Hans Petter Eikeland considers the change a natural consequence of the upcoming merger with Stavanger-based oil service company Endùr Holding AS (owner of Endùr Fabricom AS).
Digital Feature Extraction with PropCad Premium 2018
A new utility automates feature extraction from 3D CAD data.Marine propellers can last a long time – it is not uncommon to find a vessel running on its original set of propellers. Sometimes, these propellers even outlive the companies that produced them. For example, some large volume propeller manufacturers have permanently closed their doors and patterns, molds, and design data have been scattered to unknown corners of the globe.
"K" Line Delivers Coal Carrier for JERA Trading
Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) has announced the delivery of “SHONAI MARU,” a 100,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on November 15, 2018.SHONAI MARU was jointly developed by Imabari Shipbuilding and “K” Line to maximize transport volume to the discharging port, Chubu Electric Power’s Hekinan Thermal Power Plant, Aichi prefecture in Japan.
Coast Guard Responding to Vessel Adrift in Gulf of Mexico
The Coast Guard is responding to a vessel adrift in the Gulf of Mexico approximately 80 nautical miles south of Cape San Blas, Florida, Wednesday.Watchstanders at Coast Guard Sector Mobile received a report at approximately 2 p.m. from crewmembers aboard a NOAA ship, the Gordon Gunter, that a 30-foot white sailboat named My Time appeared to be floating adrift.Members aboard the Gordon Gunter reported that the My Time appeared to have electronics operating…
Baltic Index Marks First Gain in 13 days on Higher Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, snapped its 12-day losing streak on Thursday, powered by a rise in demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points or 1.1 percent - after falling 12 sessions in a row - to 1,020 points.* The capesize index marked its first gain in 12 days…
Japanese, South Korean Trawlers Collide in Sea of Japan, 13 Rescued
At this stage, the rescue operation is being taken care of by private fishing vessels, and our patrol boats have already arrived in the area. The damage to the Japanese…
Floating LNG Storage in Asian Waters Soars as Demand Falters
As many as 20 LNG tankers floating in Asian waters; most off Singapore. The last time tankers used for storage was in 2014.Tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders have been caught off guard by warmer-than-expected temperatures that have capped demand and pulled down prices.Spot market demand ahead of winter has been slowed by the forecasts for warmer temperatures this year in North Asia…
ADNOC LNG Wins Extension of Gas Supply Contract to 2040
The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners…
Sovcomflot Gets $149m Credit Facility for LNG Carrier
Russian maritime shipping company Sovcomflot has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks…
Global Container Trade Lost Momentum in Q3: Maersk
Global container trade continued to lose momentum in Q3 2018, with growth down to around 2.7% compared to Q3 2017, said A.P. Moller - Maersk in its Q3 interim report.Year-to-date…
MPC Container Ships Plans Huge Investment in Scrubbers
The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems (scrubbers) for five of its ships, with an option to buy…
Hyundai Merchant Marine Loss Grows in Q3
South Korea's largest shipping firm by sales Hyundai Merchant Marine (HMM) said that its operating loss in the third quarter increased to 123.1 billion won (US$108.65…
Taiwan to Begin Shipbuilding at Suao Port
Lung Teh (LT) Shipbuilding Company formally received construction permits for the site at Suao Port, according to Taiwanese government sources.The company will start…
Nokia, ABB and Kalmar Trial 5G Technology for Harbor Automation
Nokia, ABB and Kalmar, part of Cargotec, have successfully conducted industrial trials that leverage the low latency capabilities of 5G to support time-critical…
COWI Expands in US Offshore Wind Energy
In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with…
Five Container Shipping Gaints Form Digital Collaboration
Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express - intend to create an association with the purpose of paving the way for digitalization…
GONDAN Launches New Hybrid Icebreaker Tug
GONDAN Shipyard in Figueras, at high tide, has launched a new hybrid-powered icebreaking escort tug designed by Robert Allan Ltd for Port of Luleå (Sweden).This…
Belgium Naval & Robotics, Flanders Ship Repair Join in MCM Program
Belgium Naval & Robotics has launched an industrial offer anchored in Belgium to respond to a call for tenders issued by the Belgian and Dutch navies for the supply…
NYK, YLK Hold Training Program
Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) and Yusen Logistics (YLK) have jointly conducted their 2018 Global NYK/YLK Week recently in Japan.Twenty…
North Sea Port Opens Netherlands' Largest Solar Park
The Scaldia solar park officially opened in North Sea Port, the logistical heart of Europe. The firm ib vogt installed more than 140,000 solar panels, making this…
