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.: 18-Jun-2019 :. Search News
Displaying 1 to 14 of Records.
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d Amico, Mitsubishi Joint Venture to Sell Another MR Tanker
Italian tanker owner d Amico International Shipping and its joint venture partner Mitsubishi Group have signed a memorandum of agreement for the sale of the 46,547 dwt tanker High Efficiency.
The deal would see the parties JV company DM Shipping d.a.c.(DMS) dispose of the 2009-built tanker for a consideration of USD 16.1 million.
The transaction would allow DM Shipping to generate around USD 13.2 million in cash, net of commissions and reimbursement of the vessel’s existing loan.
"Through this deal DIS’ strengthened its liquidity position and disposed of one of its older vessels, built in 2009, in line with our objective of controlling a very young and modern fleet," Paolo d Amico, Chairman and Chief Executive Officer of d’Amico International Shipping, said.
In February 2019, the DM Shipping partners reached a deal to sell the 46,800 dwt MT High Strength for a consideration of USD 16.4 million. The earlier transaction resulted in a positive net cash effect of around USD 12.3 million for d amico s 51/49 JV with the Mitsubishi Group.
As of today, DIS fleet comprises 49.5 double-hulled product tankers, of which 23 owned, 17.5 chartered-in and 9 bareboat chartered-in.

Posted On:18-Jun-2019



Capital Ship, Chief Engineers Face Water Pollution Charges
Capital Ship Management Corporation, Greek cargo ship operator, and two chief engineers of one of its ships have been charged with failing to record the illegal dumping of oily waste into international waters and obstruction of justice.
According to the U.S. Department of Justice, the company, along with the chief engineer Ioan Luca and chief engineer Ionel Surla of the containership CMA CGM Amazon, were charged with multiple felonies, including conspiracy to fail to maintain an accurate oil record book and to defraud the United States, failure to maintain an accurate oil record book, falsification of records in a matter of federal administration, witness tampering, and obstruction of justice.
Pursuant to international treaties and U.S. law, all large ships, such as the Amazon, are required to use pollution-control technology, including an oily water separator, to remove oil from bilge water that is discharged into the ocean.
The indictment alleges that Luca, who was the ship s chief engineer from October 2018 to January 2019 , and Surla, the chief engineer of the Amazon from May 2018 to October 2018, ordered crew members to use a portable pump and flexible hoses in the ship s engine room to transfer oil-contaminated bilge water to a tank designed to hold clean water, then dispose of the water directly overboard into international waters, avoiding use of the oily water separator.
Luca and Surla then failed to record such discharges in the ship’s oil record book. The CMA CGM Amazon’s ports of call include various ports in Asia, Egypt, and Canada, as well as the Port of Los Angeles, according to the indictment. While at the Port of Los Angeles on January 11, the ship presented the false oil record book to U.S. Coast Guard inspectors during an inspection, the indictment alleges.
Capital Ship Management and Luca also have been charged with obstruction of justice and witness tampering for allegedly instructing crew members to lie to the Coast Guard about events that occurred on the ship while at sea.
If convicted of all charges, Luca faces a statutory maximum sentence of 61 years in federal prison while Surla faces a statutory maximum sentence of 11 years in federal prison.
In a related case, Marian Gavriluta-Strat, the CMA CGM Amazon s second engineer, has agreed to plead guilty to an information charging him with failure and causing the failure to maintain an accurate oil record book. Gavriluta-Strat is scheduled to enter a guilty plea to the charges on June 19. He faces a statutory maximum sentence of six years in federal prison.

Posted On:18-Jun-2019



Matson Christens Its First Kanaloa Class Vessel
Honolulu-based shipowner Matson has christened the largest combination container/roll-on, roll-off (con-ro) ship ever built in the U.S. in a ceremony at the General Dynamics NASSCO shipyard in San Diego, California.
During the ceremony, that was held on June 15, the new vessel was named Lurline. It is the first of two new Kanaloa Class-ships being built for the company by NASSCO.
The 3,500 TEU units were designed specifically for Matson s Hawaii service. The second containership is scheduled for delivery in 2020.
At 870 feet long, 114 feet wide (beam), with a deep draft of 38 feet and weighing in at over 50,000 metric tons, Lurline will be Matson s largest ship and the largest con-ro vessel ever constructed in the U.S.
Both vessels will have an enclosed garage with room for around 500 vehicles plus ample space for rolling stock and breakbulk cargo. They will feature state-of-the-art green technology, including a fuel efficient hull design, environmentally safe double hull fuel tanks, fresh water ballast systems and the first Tier 3 dual fuel engines to be deployed in containerships serving West Coast ports.
"The great speed, capacity and environmental improvements of this new ship position us well to serve the needs of our communities in Hawaii for many years to come," said Matt Cox, Matson s chairman and chief executive officer, after the shipyard ceremony.

Posted On:18-Jun-2019



MSC Takes Stake in Italy s Ignazio Messina
Switzerland-based container shipping major Mediterranean Shipping Company (MSC) has acquired a minority stake in Italian shipping company Ignazio Messina & C.
Specifically, MSC and Messina have reached a final agreement two years after they signed a memorandum of understanding (MOU). The deal includes both shipowning and terminal activities.
MSC, through its subsidiary Marinvest, is taking over a 49% share of Messina, the Genoese company confirmed in a statement.
As informed, the closure of the transaction is subject to the final authorization by the Italian Antitrust Authority and the Port Authority of Genoa.
Ignazio Messina & C. provides regular line services that connect the Mediterranean to Africa, the Middle East, and the Indian subcontinent, reaching more than 50 ports and supplying over 40 different countries. The company has a fleet of 21 vessels with a total capacity of 40,200 TEU and 62,500 line meters. It directly owns eight RoRo ships and a number of leased container vessels.
Controlled by the Aponte family, MSC operates a fleet of 510 vessels calling at 500 ports and carrying some 21 million TEU annually.

Posted On:18-Jun-2019



DFDS Unveils Key Strategic Pillars for Next 5 Years
Danish ferry and logistics company DFDS has presented four strategic pillars that would be the key growth drivers in the coming five years in addition to market growth.
As informed, the company intends to continue growing both revenue and earnings considerably by leveraging new technologies, skills of its employees and services provided by DFDS ferry and logistics networks.
The four strategy pillars include a mix of organic as well as structural initiatives, including acquisitions.
Specifically, DFDS aims to digitize services to accelerate growth by digitizing core operating systems; develop and expand the ferry and logistics network; make more value for passengers and grow solutions for initially automotive, forest & metal and cold chain industries.
With regards to the company s ferry and logistics network, DFDS aims to achieve long-term business plan goal for its new Mediterranean business unit. The company also expects to gain benefits from the deployment of its newbuilds with lower unit costs. In addition to improvement projects, DFDS also wants to grow scale advantages through acquisitions.
What is more, DFDS financial ambition is to achieve an EBITDA of around DKK 5.5 billion (USD 828 million) in 2023 compared to DKK 3.6 billion for 2018. The uncertainty related to achieving the financial ambition is estimated at around 10%.
"Our ambition exceeds the outlook for continued modest market growth. Therefore, our strategy is to leverage the reach and strength of our network to do more for customers and to raise efficiency. This way we intend to grow considerably over the next five years," Torben Carlsen, CEO of DFDS,

Posted On:18-Jun-2019



LeanShips Project Achieves Valuable Fuel Savings for Vessels with CPPs
Finland s technology group Wartsila, Maritime Research Institute Netherlands (MARIN) and Italian shipowner Grimaldi have designed an energy saving device (ESD) that can be used by ships with controllable pitch propellers (CPPs).
Following model tests, and subsequent sea trials with Grimaldi s Grande Portogallo, a 165-meter-long pure car & truck carrier (PCTC), fuel efficiency gains of 3.5 percent were confirmed.
As explained, this translates into a payback period of only 1.3 years.
"The initial noon reports suggest a 5 percent decrease in the fuel consumption, but in order to get a more realistic value we need to record a wider range of data," according to Grimaldi.
The work was carried out as part of the LeanShips project, under the European Union s Horizon 2020 framework project for research and innovation. LeanShips aims at demonstrating the effectiveness and reliability of technologies that offer energy savings and emission reductions on a large scale.
The result of the development work is a pre-swirl Stator, an energy saving solution, that for the first time ever was demonstrated to be suitable for use with CPPs. LeanShips was a four-year project and was completed in April 2019.
"This represents a major breakthrough in making ships with controllable pitch propellers more efficient, and therefore less polluting. We have earlier established some energy savings for ships with controllable pitch propellers, and now this new technology has been extended in line with the objectives of the LeanShips project," Dario Bocchetti, Corporate Energy Saving Manager, Grimaldi Group, commented.
Wartsila and MARIN were earlier involved in the GRIP project, funded by the European Commission under the 7th Framework program, which designed and optimized ESDs for ships fitted with fixed pitch propellers (FPPs). This resulted in full-scale demonstrations that achieved a nearly 7 percent reduction in the required power of a bulk carrier vessel.

Posted On:18-Jun-2019



Carnival Starts Construction of Mardi Gras at Meyer Turku
The hull assembly phase of the 180,000 gross ton cruise ship Mardi Gras, under construction for Carnival Cruise Line, was launched with a traditional coin ceremony at Meyer Turku shipyard on June 18.
The vessel is the second LNG-powered cruise ship being built by Finnish shipbuilder Meyer Turku.
The assembly of the hull was launched a few weeks before by the arrival of the floating engine room unit from Neptun Werft in Rostock, Germany.
"This is a historic day for Carnival - the official start of construction of the spectacular Mardi Gras which will usher in an exciting new chapter for our company and introduce so many guest-pleasing innovations," Ben Clement, Carnival Cruise Lines SVP Newbuilds, said.
Carnival Mardi Gras is already benefiting from some of the investments of Meyer Turku s EUR 200 million investment program. The steel halls at the shipyard are going through a major rebuilding with new machines and IT-systems, but also new processes to build the ships with newly trained employees.
"We are seeing the benefits already and will continue to see more benefits later this year. Already our automated steel pre-treatment facility and storage have been up and running for some time now and supporting the steel construction of Mardi Gras," Jan Meyer, CEO of Meyer Turku, said.

Posted On:18-Jun-2019



Front Altair Towed to UAE Waters
The damaged tanker Front Altair has been towed out of the Iranian waters and is currently anchored off the coast of Fujairah, UAE.
The vessel reportedly arrived at the anchorage on June 15, two days after it suffered a suspected attack and subsequent fire in the Gulf of Oman.

Posted On:18-Jun-2019



Maersk Eyes Northern Sea Route Collaboration with Atomflot
Danish shipping major Maersk is in negotiations with FSUE Atomflot (Rosatomflot), a Russian operator of nuclear-powered icebreakers and part of Rosatom, to use the Northern Sea Route (NSR) for sending goods.
"We have experienced a growing demand for transport of goods from Far East to West Russia, which we are currently exploring the possibilities of offering together with Atomflot," a spokesperson of Maersk told World Maritime News.

Posted On:18-Jun-2019



Mammoet port solution expedites construction of Latin America s largest combined cycle plant
Mammoet recently teamed up with Fracht to successfully transport all heavy cargo for UTE Porto de Sergipe, a 1,500 MW combined cycle power plant in Brazil. The plant is the largest to be built in the region and is projected to provide additional power during dry seasons to meet 15% of energy demand in the area. Mammoet s experience in complex barge roll-offs led to the implementation of a specialized configuration of trailers with longitudinal spacers, which would optimize the capacity at the pier structure.

Posted On:18-Jun-2019



Credits: www.bunkerportsnews.com

Croatian terminal targets 20,000 TEU capacity
International Container Terminal Services Inc. (ICTSI) subsidiary Adriatic Gate Container Terminal (AGCT) has announced a major expansion plan at the Port of Rijeka to enable it to be the first terminal in the northern Adriatic able to berth vessels of up to 20,000 teu capacity.
In cooperation with the Rijeka Port Authority, AGCT has drawn up plans for a two-phase dredging scheme with the first phase fully-approved, entailing the dredging of 130m of quay over its berths 1 and 2.

Posted On:18-Jun-2019



Credits: www.bunkerportsnews.com

Panama Canal Issues Proposal to Modify Tolls Structure
The Panama Canal published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and RoRo segments, as well as tankers, chemical tankers, LPG and LNG vessels, the intra-maritime cluster (local tourism segment) and minimum tolls (small vessels). Today s announcement marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019.

Posted On:18-Jun-2019



Credits: www.bunkerportsnews.com

Canada to make ripples in LPG market with first propane export terminal
Canada s first propane export terminal - RIPET - has become operational, augmenting global LPG supplies. The entry of the country as a new LPG supplier and the strategic location of the terminal will favour exports to Asia and provide an opportunity for Canada to garner a good share of the Asian LPG market.

Posted On:18-Jun-2019



Credits: www.bunkerportsnews.com

Mombasa ports traffic grows, report shows
The port of Mombasa handled 29.8 million tonnes during the last 11 months, Kenya Ports Authority managing director Dr Daniel Manduku has said.
Manduku said in the period between July 2018 and May 2019, the port of Mombasa registered volume increase of 1,760,166 tonnes to hit the 29,801,152 tonne mark, which is 6.3 per cent increase compared to corresponding period in 2017/18.

Posted On:18-Jun-2019



Credits: www.bunkerportsnews.com
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