Opsealog Expands Fleet Digitalization Contract with CLV Operator
Opsealog, a provider of data integration and analysis services for the maritime and offshore industry, has confirmed the renewal and expansion of its service contract with Orange Marine, a French company specializing in cable laying and repair operations.This extension signifies a deepening of the collaboration between the two companies, which began in May 2023, and highlights their commitment to advancing fleet digitalization and operational efficiency across Orange Marine’s fleet.The partnership commenced with a three-month trial on one of Orange Marine's cable laying vessels (CLV)…
Japanese Partner Up on Anti-Roll Tank Research for Large Containerships
ClassNK has signed a joint R&D agreement with Nihon Shipyard and IMC to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large containerships.Under the R&D agreement, Nihon Shipyard, IMC, and ClassNK will work together to expand the application of ART to large containerships.Utilizing the obtained data and knowledge, each party will collaborate to ensure the safer application of ART on an actual ship and performance evaluation.AS part of the partnership…
Japanese Partners Developing Method to Assess Ship Performance in Actual Seas
NYK and Japan Marine United Corporation (JMU) have joined forces to develop a method for estimating a ship’s performance in actual seas before construction is completed.The aim of the two companies is predict a vessel's performance in actual seas before the conclusion of a shipbuilding contract and aid in the reduction of GHG emissions by procuring highly fuel-efficient vessels.In conventional shipbuilding contracts, the guaranteed speed is set and agreed based on the relationship between the ship's speed and horsepower in calm waters…
Eastern Pacific Shipping to Equip Pacific Sentinel with eSAIL Wind Propulsion System
Eastern Pacific Shipping (EPS) has signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs onboard the Pacific Sentinel.The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate propulsive efficiency, will be fitted in fourth quarter of 2024.The wind-assisted propulsion technology is expected to help the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%…
GLO Marine and VMS Group Join Forces for ‘Green’ Vessel Retrofitting
Retrofit specialist GLO Marine and expert in propulsion systems VMS Group have teamed up to expand their collaboration into comprehensive retrofits and vessel modifications, with a primary focus on decarbonization initiatives.In a strategic move towards advancing sustainable maritime practices, the GLO Marine-VMS Group partnership will prioritize retrofit projects and vessel modifications that align with the latest green technologies.The partnership stems from a series of ‘seamlessly executed’ retrofit project installations…
New Handymax for Nova Marine Carriers
Nova Marine Carriers, the Lugano-based group, controlled by the Romeo and Gozzi/Bolfo families, has taken delivery of a new 38,593 dwt handymax vessel, built in 2019, in Shanghai, acquiring it from a Japanese group.This is the Iris Harmony, renamed Sider Harmony, a latest generation bulk carrier (180 meters long by 30 meters wide) which will be technically managed by the Greek company Pegasus Ocean Services Inc (of the Halkidon/Pegasus group).
NYK Sets Out Plans for Full-Scale Biofuels Trials in 2024
Japanese shipping company NYK has unveiled plans to conduct full-scale trials of long-term use of biofules for its existing heavy oil-fired vessels starting from 2024.Considered to have net-zero CO2 emissions, biofuels are produced from biological sources (biomass), such as waste cooking oil. Usable in heavy oil-fired engines, biofuels are considered to be one of the critical solutions to reducing greenhouse gas (GHG) emissions.In this trial, NYK will use biofuel continuously for three months on multiple vessel types.
Ship Design: Hybrid Live Fish Carrier
Knud H. Hansen has designed, project managed and supervised the construction for a Live Fish Carrier for Bakkafrost in the Faroe Islands. This vessel is one of the biggest Live Fish Carriers in the world at 109.2 x 22.2m with a cargo capacity of 7,000 cu. m. With four cargo holds of 1,750 cu. m. each the vessel can transport about 1,000 tons of live salmon from cages offshore to shore-based processing facilities. The vessel can also take live salmon onboard for treatment for lice in fresh water in the cargo tanks and when discharging to cages…
One-third of Hin Leong Founder's Ships Sold to Pay Down Debt
About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.Accounting firm Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. Xihe Holdings is owned by the Lim family and held the bulk of their fleet.The rest of the ships are majority-owned by Xihe Capital - currently under liquidation according to Singapore business registry records - and 10 single purpose companies.The ships…
Nord/LB Sells Shipping Loans for USD2.9bln
German lender Norddeutsche Landesbank (Nord/LB) has completed the sale of a EUR 2.6 billion (USD2.9bln) shipping loan portfolio. The bank recently announced its withdrawal from shipping.A US hedge fund Cerberus Capital Management took over the portfolio, which comprises of the 263-vessel book - known as "Big Ben" - with a non-performing loan (NPL) portion of some 90%.The transaction was closed on 9 April, in accordance with the signing of the purchase agreement dated February 2019, the German bank said. The bidding process was launched in autumn 2018 as part of the bank’s transformation program.The parties agreed to maintain confidentiality about the terms of the transaction…
European Shipowners Welcomes extension of EUNAVFOR MED Operation
The European Community Shipowners' Associations (ECSA) welcomes the Council’s decision to extent the mandate of the EUNAVFOR MED Operation Sophia until 31 March 2019.Operation Sophia is part of the EU's comprehensive approach to migration and aims to disrupt the business model of human smuggling and trafficking networks in the Southern Central Mediterranean and prevent the further loss of life at sea.The Operation Sophia has also been tasked with strengthening the Libyan Coastguard and Navy by training its personnel and monitoring the long-term efficiency of the training.‘Operation Sophia’s contribution to maritime security in the Central Mediterranean is very positive. The shipping industry highly supports the EU’s efforts in this region.’ said ECSA’s Secretary General Martin Dorsman.
Montecon Adds Third Liebherr to its Fleet
Liebherr Maritime Cranes already delivered two Liebherr mobile harbor cranes LHM 800 in container configuration to Montecon in Uruguay. End of November Liebherr received an order from Montecon for the third LHM 800 that will start operation in Montevideo, Uruguay next year.In 2015 Montecon ordered the first giant mobile harbor cranes, type LHM 800 in container operation. Due to their increasing demand for mobile container handling solutions, they subsequently ordered a second unit. Both cranes were delivered in 2016.
