Diesel Traders: Shortage is Coming
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards.In futures markets…
Höegh Autoliners Readies for IMO 2020
Norwegian shipping company Höegh Autoliners AS is now preparing its fleet for the change in fuel, having chosen Very Low Sulphur Fuel Oil (VLSFO) and Low Sulphur…
Italian Terminal Orders Kalmar Straddle Carriers
Medcenter Container Terminal SpA (MCT), which operates a major transshipment hub for the Mediterranean region, has placed an order for 32 diesel-electric straddle carriers.
ZEABORN Completes Acquisition of ZEAMARINE
Watson Farley & Williams advised Bremen-based ZEABORN Group on its acquisition of all outstanding shares in its joint venture ZEAMARINE from partner New Mountain Capital…
OOIL Sells Long Beach Terminal for $1.8bln
Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL…
China, Denmark Annual Dialogue on Maritime
The Danish Maritime Authority and the Chinese Ministry of Transport met for a maritime dialogue meeting in Guangzhou, China, on April 29-30.Since 2010, the Danish…
GSL Signs Charter Deal with Zim
The containership charter owner Global Ship Lease (GSL) has agreed minimum 21-month / maximum 24-month charters with ZIM Integrated Shipping Services for the 2000-built…
Global Boatworks Closes on Sale of Luxuria
The builder of luxury floating vessels Global Boatworks Holdings announced that it has completed the sale of the Luxuria, the second sale of one of its luxury floating…
Trump to Meet with GOP Senators on Jones Act
President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Bloomberg News reported last week the administration was seriously…
ABS Unveils 'Smart Guide'
A new guide published by ABS aims support the development of smart functions and condition-based approach to optimized performance that will help marine and offshore owners and operators capitalize on their operational data.Through the analytics that they provide, smart functions can proactively manage asset health and performance, providing a mechanism for sustainability and improved uptime. Smart…
e-Navigation Passage Planning transformation
Passage planning. Two words sure to elicit a groan from any navigator anywhere in the world. The vital, yet incredibly frustrating, process of developing a complete description of a vessel's voyage from start to finish, berth to berth, is an administrative burden.On average, each vessel, for each journey, uses 3.5 hours of officer time to collate a plan – manually adding elements such as ENC cells…
Efficient Wave-Generated Power … Really!
Wave-generated power could be considered the Rodney Dangerfield of offshore renewable energy sources; it gets no respect. There have been a number of high-profile, expensive failures that have conspired to give the sector a poor reputation despite a number of engineering advances. A new entrant is SurfWEC offering a patented “surf-making” Wave Energy Converter which has been in development since 2007. Its developers promise it will stand out from the field and perform where others have failed.
Trump, Dems to spend $2 trillion on Infrastructure
U.S. President Donald Trump agreed with Democratic leaders on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, Senate Democratic Leader Chuck Schumer said on Tuesday after a White House meeting.Trump and Democratic leaders are slated to meet again in three weeks to discuss how the "big and bold" plan - which would need the approval of Congress - would be paid for, Schumer told reporters outside the White House.Reporting by Roberta Rampton
Zeaborn Acquires CPO Tankers
Zeaborn Group has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei KG, the tanker management subsidiary of Offen Group.The transaction partners signed the relevant contracts on April 29. The completion of the transaction is subject to antitrust clearance. The parties have agreed to keep the key financial data confidential.With the takeover of CPO Tankers…
USCG VADM Fagan Weighs in on Arctic Plans
The U.S. Coast Guard’s Pacific Area commander discussed the service’s new Arctic Strategic Outlook, Polar Security Cutters and innovation efforts to improve maritime domain awareness in the high latitudes April 26, 2019, during the Arctic Encounter Symposium in Seattle.During her keynote speech at the symposium, Vice Adm. Linda Fagan said, “The tyranny of distance and the harsh Arctic climate pose…
Pure Safety Group's 'Checkmate' TR3 Tripod
Pure Safety Group (PSG), a company dedicated solely to fall protection, has introduced the Checkmate TR3 Tripod, used as Personal Protective Equipment to access workers and provide fall protection in confined space environments.The tripod features an innovative new crown and foot design that makes it stronger yet more lightweight than other tripods. The design is representative of the new advancements…
ABS Publishes Guide for Smart Functions
ABS published the Guide for Smart Functions for Marine Vessels and Offshore Units (Smart Guide) to help marine and offshore owners and operators capitalize on their operational data.The Smart Guide introduces a unique class approach leading to the marine and offshore industries' first set of notations to help owners and operators qualify and utilize smart functions. Through the analytics that they provide…
Westgarth to Lead V.Group
V.Group, a global provider of ship management and marine support services, has announced the appointment of Graham Westgarth as Chief Executive Officer. Graham has served on V.Group’s board since September 2018 and will take over from Ian El-Mokadem who has informed the Board of his desire to leave the company.Graham has a distinguished track-record in the maritime sector, having worked in the industry for almost 50 years.
Armstrong Catamaran Arrives in Alaska
The 46’ x 17.5’ high tunnel catamaran George Ryan recently arrived in Juneau after departing Port Angeles, Washington three days prior. The vessel was built by Armstrong Marine USA for Alaska Tales Whale Watching, located in Juneau. Alaska Tales also operates a 42’ catamaran, Jay Ellis, built by Armstrong in 2017.The 49-passenger + 3 crew USCG Subchapter T vessel pairs speed with stability for the ultimate touring platform.
Three New Boats for Norsk Fisketransport
Havyard signed a contract with Norsk Fisketransport (NFT) for another two wellboats with an option for one more.These will be vessels number five and six for NFT of the Havyard 587 design, and they will be the sister ships of build number 147, scheduled for completion in May 2020.The two new vessels have been allocated build numbers 150 and 151 and will be delivered in December 2020 and June 2021.
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