Maritime Industry Top News
James Fisher Names CFO
Marine and offshore services provider James Fisher and Sons on Tuesday announced the appointment of Duncan Kennedy as Chief Financial Officer and as an Executive Director with effect from May 4, 2021, when he will join the Board.Group Finance Director Stuart Kilpatrick in March informed the James Fisher Board of his intention to step down from the Board on April 29, 2021, following the Company's Annual General Meeting.Kennedy joins James Fisher from BTG plc ("BTG")…
SSY Futures Completes First Handysize 38 FFA Trades
Newly launched SSY Futures Ltd announced it has completed its first Handysize 38,000-dwt FFA trades on both the Singapore Exchange (SGX) and European Energy Exchange (EEX) for the April and May contracts.Mark Douglas who is leading the new contract from SSY Futures FFA team, said, “It was extremely encouraging to see the opening days interest culminating in the April trade at 19000 and the May trades at 20500.
UK: Port of London's Rodrigues Named Chair of Maritime and Coastguard Agency
The UK Secretary of State for Transport has appointed Christopher Rodrigues CBE as the new Non-Executive Chair of the Maritime and Coastguard Agency (MCA), the government agency responsible for preventing the loss of life on the coast and at sea, as well as producing legislation and guidance on maritime matters.Rodrigues brings extensive international experience as a chair of public, private, and government sector bodies in tourism…
Vane Brothers Adds New Tug Cape Henry
Vane Brothers said it has taken delivery of its new 3,000-horsepower model bow tug Cape Henry from Chesapeake Shipbuilding.Cape Henry is a true sister tug of the Cape Fear, which was delivered to Van Brothers in October 2020. Both model bow tugs are primarily tasked with towing petroleum barges engaged in the Northeast and Mid-Atlantic coastwise trade.Featuring a design by the late Frank Basile, P.E.…
The Philippines: Cargo Ship Runs Aground. Crew Missing
A cargo ship carrying 20 crew members, nickel ore, and around 2,000 liters of diesel has run aground off the southern Philippine province of Surigao del Norte, the coastguard said on Tuesday.The cause was not immediately known, but the weather was rough in the area due to Typhoon Surigae, which brought winds that reached 195 km (121.17 miles) per hour, with its effects felt in many parts of the eastern…
TMC Compressors Names New CEO
TMC Compressors (TMC), an Oslo-based company supplying offshore and marine compressors, has appointed Christian Ness as the company’s new CEO.Christian Ness succeeds Per Kjellin as part of a planned generational change. Kjellin will continue working for TMC as advisor in the company’s business development team. He will also join the company’s board of directors, TMC said."This is a well-run business so my mandate is to manage the excellent foundation that is already in place…
BIMCO Number of the Week: Capesize Bulk Carriers Extend Bull Run
Capesize dry bulk earnings break record on the back of strong 2021 startAs daily earnings for the largest of the dry bulk ship types reached $28,520 on Friday, April 16, a 10-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, they are not special by their own merit.Only when seen as a part of the overall elevated freight rate levels so far in 2021…
Castor Maritime Buys 2015-built Dry Bulk Carrier
Cyprus-based shipping company Castor Maritime has agreed to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third party for $23.5 million. The vessel comes with a charter contract included."The vessel will be delivered to the Company with a time charter contract attached with a reputable charterer, at a daily gross charter rate equal to 114% of the Baltic Panamax Index…
Nautilus Labs, Datum Electronics Partner
Nautilus Labs and Datum Electronics, a specialized manufacturer and supplier of torque and shaft power measurement solutions, announced a partnership that is aiming to provide shipowners, operators, technical managers, and charterers a comprehensive solution for vessel digitalization and predictive decision support.Leveraging the data provided by hardware leaders like Datum, Nautilus builds vessel-specific…
Libya's NOC Declares Force Majeure on Port of Hariga Exports
Libya's National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a budget dispute with the country's central bank.Daily lost income "may exceed 118 million dinars ($26 million)", NOC said in its statement.The port was expected to load about 180,000 barrels per day (bpd) in April, on board six tankers…
Isle of Man Ship Registry Flags Subsea 7’s Reel-Lay Ship Seven Vega
The Isle of Man Ship Registry registered Subsea 7's newest vessel, Seven Vega.It is the eleventh Offshore Support Vessel built for Subsea 7 to be flagged with the Registry. Seven Vega has been designed to install economical flowline technologies that address the growing market trend towards longer tie-back developments, and sets a new standard for offshore pipelay.While most Subsea 7 vessels store piping and cabling in large carousel holds under deck…
Sanmar Delivers Second of Sister Tugs to Seaspan
Sanmar delivered the second of two flagship twin sister tugboats to Seaspan.Built in 2016 at Sanmar Shipyards Altinova, Bogacay XI was renamed Seaspan Harrier by its new owners and left Turkey for its new home on Canada’s west coast on 15 April. Seaspan acquired the tug’s sister vessel Bogacay Vlll, which it renamed Seaspan Raptor, towards the end of 2020. Seaspan Raptor which was built in 2015, was initially operated by Sanmar in its own fleet.
Ingalls Wins Advance Procurement Contract for LHA 9
America's largest military shipbuilder Huntington Ingalls Industries (HII) announced on Monday that its Ingalls Shipbuilding division has received a fourth contract modification from the U.S. Navy for $107 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $457 million.“The amphibious warship production line is a critical component of our nation’s defense industrial base…
ExxonMobil Floats $100 Billion Carbon Storage Project
ExxonMobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in reservoirs under the Gulf of Mexico.The plan would require “$100 billion or more” from companies and government agencies to store 50 million metric tons of CO2 by 2030 with capacity potentially doubling by 2040…
NOIA Elects Tim Duncan as Chairman, Paul Danos as Vice Chairman
The National Ocean Industries Association (NOIA) board of directors has elected Tim Duncan, president & CEO of Talos Energy, as chairman and Paul Danos, owner, president and CEO of Danos, as vice chairman for the 2021-22 term. Duncan and Danos were confirmed in their positions during a virtual NOIA Board of Directors meeting on April 14.NOIA president Erik Milito said, “The offshore energy industry continuously lifts society in so many ways.
Panama to Award Shipyard Operation Contract by Early 2022
Panama expects to award an $18-million contract between late 2021 and early 2022 for the upgrade and operation of a large shipyard near the Canal, which has been only partially working since last year, authorities told Reuters.After taking back state-owned Balboa's Shipyard from private operation, the maritime authority in mid-2020 awarded temporary concessions for portions of the facility, including two of its three dry docks…
Wärtsilä to Supply Navigation Systems for 10 Arctic LNG Carriers
Wärtsilä Voyage has signed a contract to deliver radio and integrated navigation systems for 10 icebreaking liquefied natural gas (LNG) carriers to be constructed for the Arctic LNG-2 project.The order was placed in January 2021 and is now in process of execution, in partnership with South Korean shipbuilder Samsung Heavy Industries Co. Ltd shipyard. The new contract is an extension of the announcement made last summer…
Ecochlor Launches EcoOne Filterless BWMS
U.S.-based Ecochlor has launched its new EcoOne filterless ballast water management system (BWMS).“By eliminating the filter, we have taken simplicity and reliability in ballasting operations to the maximum level. Whilst, at the same time, we have maintained the original Ecochlor BWMS’ high performance and service that customers expect from us,” said VP of business development, Andrew Marshall.“Comprehensive R&D and rigorous compliance testing of EcoOne…
PA6B Engine Shipped to FMM for Install on Royal Saudi Navy Ship
Fairbanks Morse shipped a PA6B STC engine to Fincantieri Marinette Marine (FMM) shipyard on April 16, 2021, an engine will be installed on the first ship of the Royal Saudi Naval Forces Multi-Mission Surface Combatant (MMSC) project. Lockheed Martin is the prime contractor for the MMSC project, and the vessel is being constructed by its partner FMM in Marinette, Wisconsin. Four MMSC ships will be constructed at FMM.
US Coast Guard Ends Search for Missing Seacor Power Crew Members
The U.S. Coast Guard said on Monday it will call off its search at sunset for the remaining eight crew members missing from the lift boat Seacor Power, which capsized in the Gulf of Mexico last week.The Coast Guard said its vessel and air crews worked with local agencies and good Samaritans to scour more than 9,200 square nautical miles of sea over the course of 175 cumulative hours after the 234-foot…
