Simpson Spence Young Opens Athens Office
Shipbroker Simpson Spence Young (SSY) on Tuesday announced it has opened a new office in Athens, Greece.The new office, which is based in Glyfada, is being managed by SSY Dry Cargo broker Nicholas Vamvakaris and currently includes teams from the dry cargo division who focus on Cape, Panamax and the Handy Supra markets.SSY said it plans to expand the remit of this office in the near future to include other departments.Mark Richardson…
German Court to Rule in Row Over Funding for Shipbuilder MV Werften
A German court will rule next week in a case brought by Genting Group against a German regional government after a row over funding for cruise shipbuilder MV Werften, which filed for insolvency on Monday.Genting, led by Malaysian tycoon Tan Sri Lim Kok Thay, bought MV Werften in 2016. The pandemic has hit the global travel industry, including cruise operators and led to production stops at shipyards…
Canadian Coast Guard Begins Great Lakes Icebreaking
The Canadian Coast Guard's (CCG) annual icebreaking season on the Great Lakes, which provides assistance to the shipping industry, is underway. Working in partnership with the U.S. Coast Guard (USCG) District 9, the CCG has two icebreakers assigned to the Great Lakes for the entire winter season: CCGS Griffon and CCGS Samuel Risley. These vessels are supported as required by additional CCG vessels after the St. Lawrence Seaway reopens in March 2022.Although the St.
Urals Oil Exports from Russia's Baltic Ports Revised Upward
Russia's Urals oil export loading plan from Baltic ports in January has been revised upwards by 0.1 million tonnes to 6.2 million tonnes, traders said on Tuesday.Oil giant Rosneft added an additional cargo for loading from Primorsk Jan. 24-25, traders said. The cargo was allocated to Glencore, they added.Primorsk oil exports in January have been increased to 3.8 million tonnes, traders said.
Maersk Expects Cargo Delays to Persist
Top container shipping firm A.P. Moller-Maersk on Tuesday warned its customers it was still struggling to move goods around the world as the easing of congestion is taking longer than the Danish company had hoped for.The pandemic has prompted shortages of container ships and logjams at ports at a time of very high consumer spending, meaning that hundreds of container vessels are lying idle outside ports."Unfortunately…
Bay Shipbuilding Begins Building US' Largest LNG Bunker Barge
Fincantieri Bay Shipbuilding announced it has started construction on the largest liquefied natural gas (LNG) bunkering barge ever built in the U.S.The newbuild, expected to be completed in late 2023, is being built for Crowley, the largest independent operator of tank vessels in the U.S., who will operate the vessel under a long-term charter with Shell NA LNG, LLC. Bay Shipbuilding announced it won the contract to build the barge in September.The 416-foot vessel…
Nakilat Taps ABS to Develop Decarbonization Plan
Qatari shipping company Nakilat, one of the world’s largest liquefied natural gas (LNG) shipping operators, said it has partnered with U.S.-based classification society ABS to develop its decarbonization strategy.Over the past months, Nakilat’s project team has worked with ABS sustainability specialists to map out decarbonization pathways for the company’s fleet of 69 LNG carriers and four very large liquefied petroleum gas (LPG) carriers.
Uz Tapped as MD for Schottel Turkey
Effective January 1, 2022, Seçkin Uz has been appointed Managing Director for Schottel Turkey.Uz has extensive experience and expertise in the area of ship propulsion. After earning a degree in Naval Architecture and Ocean Engineering, he began his career with Berg Propulsion in the Asia/Pacific and Middle East region. Upon joining Caterpillar Marine as Managing Director for the entities in Dubai and Istanbul…
ABS Grants AIP for Ammonia Bunkering Vessel Design
Japanese shipping company Mitsui O.S.K. Lines, Ltd. on Tuesday announced that the company, along with ITOCHU Corporation has obtained approval in principle (AIP) from the American Bureau of Shipping (ABS) for an ammonia bunkering vessel concept.The project is part of a joint development study on ammonia fuel supply chain in Singapore. MOL, which already has experience and knowledge of liquefied natural gas (LNG) bunkering vessels…
Finnlines Announces Management Changes
Finnish passenger and ro-ro shipping company Finnlines announced on Tuesday that Merja Kallio-Mannila and Torkel Saarnio have been appointed as member of the group’s board of management.Kallio-Mannila has been appointed as member of the Finnlines Group’s board of management as of January 1. She continues in her present roles as deputy head of group sales, marketing and customer service, and as head…
Eye on Design: Repair and Conversion Conundrums in Hybrid Propulsion
I recently built a 35 foot Solar Hybrid Electric Wheelchair Accessible Catamaran for my wife who became wheelchair bound a few years ago. (In typing this sentence, I just realized that this vessel can be referred to as a SHEWAC)It is only a 35 foot recreational vessel, but it contains all the propulsion pieces that are found in any other modern hybrid propelled vessel.I have operated the vessel for…
Nautilus Labs Opens London Offiice, Taps Wilhelmsson as CCO
Nautilus Labs is expanding to the United Kingdom, opening an office in London to be led by Jan Wilhelmsson, an experienced shipping executive and Nautilus Labs' new Chief Commercial Officer (CCO).Wilhelmsson has more than 30 years of diverse shipping industry experience. Prior to Nautilus, as a former Master Mariner, he moved into commercially operating institutional-sized fleets before focusing on…
Ship Manager USC Barnkrug Digitizes fleet with Kaiko
Berlin-based Kaiko Systems announced a partnership with USC Barnkrug, with the ship management company rolling out Kaiko Systems' solution to its entire fleet. USC Barnkrug is a ship management company that operates 27 feeder containerships, opting to 'digitize' its fleet using Kaiko Systems, which is designed to enable shipping companies to collect structured and verified inspection data and process the data into actionable insights using AI.
Indonesia Considers Coal Levy as Easing of Export Ban Calms Markets
Chinese thermal coal futures fell on Tuesday after Indonesia, the world's biggest thermal coal exporter, eased a ban on overseas shipments that surprised buyers at the start of the year, alleviating concerns about supply disruptions.The export ban was introduced after state power utility Perusahaan Listrik Negara (PLN) reported critically low coal stockpiles amid complaints miners were not fulfilling their responsibilities to supply fuel to the company.
Report: Venezuela to Export Diluted Crude after 9-month Pause
Venezuelan state-run oil firm PDVSA this week will resume exports of diluted crude oil (DCO) for the first time in nine months, according to a document seen by Reuters.Since U.S. trade sanctions were imposed on PDVSA in 2019, a lack of diluents, especially heavy naphtha, has hurt its ability to produce exportable grades from its largest production region, the Orinoco Belt. Its extra heavy oil must…
Sanctions on Nord Stream 2 Could Harm Relations with Germany, U.S. Senators Say
Several Democratic U.S. senators said late on Monday, after meeting with Biden administration officials, that they believe sanctions on Russia's Nord Stream 2 pipeline backed by Republican Senator Ted Cruz could harm relations with Germany.Under Secretary of State Victoria Nuland and President Joe Biden's global energy security adviser Amos Hochstein met on Monday behind closed doors with about 10…
Dry Bulk: Heavy Rains Disrupt Shipping in Southeast Brazil
Heavy rainfall in southeastern Brazil has prompted miners including Vale SA to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest.Rainfall is expected to remain heavy this week in most of top mining state Minas Gerais, after runoff closed roads and railways.The rains may also have contributed to the dramatic collapse of a canyon rock face in the state on Saturday…
