Waterfront Shipping Company Ltd., a wholly owned subsidiary of Methanex Corporation, and Marinvest/Skagerack Invest (Marinvest) are proud to welcome two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to the Waterfront Shipping fleet. These 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels. The vessels join the seven existing methanol-fuelled vessels chartered by Waterfront Shipping that have received accolades from the marine industry for their use of methanol as ...

A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% – sulphur marine fuel released on 20 August 2019. The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels. The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users. It presents the specific safety and operational issues relating to the supply and use of ...

One of the key elements in oil spill contingency planning is to define the communication channels to be used by cooperating parties when facing an incident. A workshop in Pulau Indah, Klang, Malaysia (19-21 August) has brought together officials from states in the Association of Southeast Asian Nations (ASEAN), to help bring into operation the Regional Oil Spill Contingency Plan, which was adopted in 2018. Participants from nine countries got to grips with key elements of the plan and practised communications between States, in order to identify any gaps and ...

Summary The comparison figures for period ended 30 June 2018 are stated in parenthesis. The Group started 2019 on a positive note as the average daily Time Charter Equivalent (“TCE”) rate in Q1 2019 for the six vessels was approximately 23% higher than the average TCE rate in Q4 2018. However, the TCE rate started to decline from May 2019. The average TCE earned by the six vessels in H1 2019 was 19% higher than the average TCE earned in H1 2018. For the 6 months ended 30 June 2019, ...

The container shipping industry is dynamic and volatile and has been marked in recent years by instability, characterized by volatility in freight rates and bunker prices, as a result of ever-changing market environment and the extensive activity of mergers and acquisitions that also led to reorganization of the global alliances. The instability and volatility in the market, including significant uncertainties in the global trade, mainly due to USA related trade restrictions, continue to affect the market environment. During the second half of 2018, freight rates started to recover, with a ...

By striking a partnership with Maersk Line, the on-line truck aggregator BlackBuck is making itself attractive to big venture capital funds, but its inexperience in the container market could pose risks in delivering on the contract involving hundreds of lanes across India, says logistics industry sources. For Maersk, it is a ‘bigger advantage’ as it frees the world’s biggest container shipping company from the ordeal of dealing with multiple truck vendors – particularly on the sensitive rates – which has become operationally difficult. “Maersk is seeking to control the door ...

The State Hydrographic Service Ukraine continues to struggle against the Russian Federation commencing the official procedure aiming to create the special restricted sea area adjacent to the temporally occupied Crimean Peninsula, for the purpose to prohibit ship calls in all and every Crimean ports. As previously reported, the State Hydrographic Service Ukraine (SHSU) compiles, produces and updates the complete national portfolio of the sea navigational charts for the zone under Ukrainian jurisdiction. Meanwhile, the Russian Federation also produces and distributes its own electronic navigational charts (ENC) for the sea areas ...

Topaz Energy and Marine (“Topaz”), a leading offshore support vessel and marine logistics company, announces its results for the six months ended 30 June 2019 (“the period”). H1 2019 Results Highlights Company growth progresses with increased utilisation and average day rates · H1 2019 revenue increased to US$235m, up 56% compared to H1 2018 (US$151m); EBITDA increased by 83% to US$141m in H1 2019 against H1 2018 (US$77m). · Average day rate increased 16% to US$17,361, as compared to US$14,965 in H1 2018. · Significantly enhanced profitability across operating regions ...

Hull cleaning company Fleet Cleaner has successfully completed trials in Belgian ports, and now has permission to clean ships in the Port of Antwerp, Zeebrugge and Ghent. Fleet Cleaner has designed a unique hull cleaning robot which uses high pressure waterjets to remove biofouling from the ship’s hull during loading and unloading in port, resulting in significant fuel savings for shipping companies. The robot captures the removed fouling and pumps it to a containerized wastewater treatment system on board the support vessel. The full operation is conducted without divers, and ...

Iridium Communications Inc. (NASDAQ: IRDM) yesterday announced the first 10 approved beta partners developing new products based on the state-of-the-art Iridium Certus 9770 transceiver. Each partner has received operational beta units, which have been undergoing extensive testing designed to fine-tune both the new transceiver and the first new solutions they will enable in preparation for service activation. Small and highly mobile, like previous Iridium® devices, the Iridium Certus 9770 transfers IP data over 35 times faster than its predecessors while also supporting high quality voice connections. This new midband device, ...

Norwegian Electric Systems has signed a contract with the Estonian shipbuilder Baltic Workboats to deliver upgrade of the Diesel Electric Propulsion system onboard the ferry Tõll to battery-hybrid. The ferry operator TS Laevad, a subsidiary of the listed port Company Tallinna Sadam, operates the ferry routes between Western Estonia’s major islands and mainland. The upgraded hybrid-ferry, serving the Virtsu-Kuivastu route, is expected to reduce the consumption of diesel fuel by one fifth as a result of the hybridization project. The peak-shaving hybrid solution is designed by LMG Marin and the ...

Kongsberg Digital AS has cemented its long-standing position as the primary supplier of simulation software and hardware to the Australian Maritime College (AMC), with the recent confirmation of a new Long-Term System Support Program (LTSSP). Kongsberg Digital Area Sales Manager Paul Gilkison and AMC principal Michael van Balen signed the agreement – the third successive five-year contract between the two parties – on Thursday, August 8 at the AMC’s Newnham campus in Launceston. Kongsberg Digital simulators are the platform of choice at the AMC’s world-class Centre for Maritime Simulations; and ...

The Oceania trade has always been a key element in Hamburg Süd’s global network of liner services. Beginning in October 2019, Hamburg Süd offers an expanded and enhanced “AUSE” service between Australia and Southeast Asia. The service will be split into two strings called “AUSE 1” and “AUSE 2”. They will offer faster transit times to and from all key markets in Australia and Southeast Asia including the new direct calls at Port Kelang (Malaysia) and Jakarta (Indonesia). Customers will benefit from an express Brisbane to Southeast Asia hub connections, ...

BBC Chartering is pleased to report that Ulrich Ulrichs has taken over the CEO position from Svend Andersen as announced in May of this year. The shareholders would like to thank Svend Andersen for his many years with BBC Chartering and his contribution to develop and grow the company to become the market-leading operator of multipurpose and heavy lift vessels. Ulrich Ulrichs has many years of experience in shipping and is well-known in the heavy-lift industry. “We fully support Mr. Ulrichs in his new role, and we have full confidence ...

In order to further strengthen and optimize our presence in Australia, we are pleased to inform you about Hapag-Lloyd’s newest addition to the Oceania product portfolio. During the month of October 2019 (week 43), Hapag-Lloyd introduces two new services which will offer weekly direct sailings between Thailand, Malaysia, Singapore and Australia on top of our existing South East Asia Australia Loop 1 (SAL). Connecting via Singapore on our global mainline network, we will be able to offer increased sailing frequency to/from Australian ports, with more connections and shipping options in ...