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MSC Cruises' First Next Generation Ship Named "MSC Meraviglia," As First Steel
Is Cut At STX France MSC Cruises, the world's largest privately-owned cruise company, marked a key milestone in its $5.4 billion growth plan today as the first steel for its new Vista generation of megaships was cut at STX France, during a ceremony in Saint-Nazaire. At the steel-cutting ceremony, MSC Cruises Executive Chairman Pierfrancesco Vago told assembled press and dignitaries that the cutting-edge 4,500 guest (double occupancy), 167,600-GRT ship — due to be delivered in May 2017 and open for bookings from June 2015 — will be named MSC Meraviglia. She will spend her first summer sailing the western Mediterranean, and will be the first to have three homeports: Genoa, Marseille and Barcelona.
"MSC MERAVIGLIA will be the biggest and most innovative cruise ship ever built by a global European-based cruise line," said Pierfrancesco Vago, MSC Cruises Executive Chairman. "We chose a name that denotes the sense of awe and wonderment felt when you experience the ship's stunning features, which only an MSC cruise, with its unique Mediterranean-style, can deliver. MSC MERAVIGLIA brings together the industry knowhow of MSC Cruises, a young, bold company built upon 300 years of seafaring tradition and the expertise of one of the most advanced shipyards in the world. Today, building started on a true maritime marvel."STX France General Manager Laurent Castaing added: "Since March 2014, more than 400 people from our various teams have been working tirelessly to define the special features of a ship that, I am certain will set the standard for its generation. This extraordinary project is testament to MSC Cruises' visionary approach, and we are proud to collaborate with them through our capacity for innovation and know-how." Gianni Onorato, MSC Cruises Chief Executive Officer said: "This steel-cutting event marks a decisive milestone in the company's development plan, one that will see MSC Cruises double its capacity by 2022 through up to seven new ships and a $5.4 billion investment plan."
He added: " MSC MERAVIGLIA will be one of the greenest and safest ships in the industry, as well as one of the most technologically advanced. We are thrilled that in just a few weeks guests can start booking this truly remarkable ship, which will bring cruise travellers to the most exciting destinations around the world in outstanding comfort and style."
Designed for unrivalled agility, MSC MERAVIGLIA and the other upcoming Vista project ships will be perfectly able to call at any cruise port in the world, meaning guests from around the world will now be able to explore more of the best destinations on one of MSC Cruises' next generation ships. Among the ships' manifold features will also be specially crafted 'cluster cabins' for families, and an extended MSC Yacht Club, the wholly self-contained luxury area on the prestigious foredecks, which will be enhanced with duplex suites, a vast solarium and a private lounge and restaurant. They will be packed with extraordinary features that make them ideal for cruising in summer and winter, including wide dining options and entertainment choices, stunning panoramic spaces, a large theatre and a spectacular amusement park linked to an outdoor aqua park, as well as a three-deck interior promenade. MSC MERAVIGLIA will also feature a range of technological advancements, such as 'Near Field Communication' technology, enabling guests to do things like make onboard payments, access their staterooms or geo-locate children, simply by using their cruise card, bracelet or smartphone. Another jaw-dropping feature will be a 5,167 square foot LED screen, which forms the entire ceiling of the ship's interior promenade. Like a digital sky, this LED image vault will beam out compelling images and vistas day and night – including scheduled visual events – creating a variety of powerful atmospheres at all times. MSC MERAVIGLIA is the first of two identical ships on order from STX France, the second of which will be entered in to service in 2019. In addition, MSC Cruises has options for two further Vista project ships to be delivered by 2022.The Vista project is the result of a lengthy development process under STX's ECORIZON® program to create cleaner, smarter, more efficient ships. They will be water emission free, and their hulls and propulsion systems will be optimized for extreme energy efficiency. Scrubber technology will neutralize fumes and CO2 emissions in accordance with the latest international maritime regulations. In addition, the ship is fully compliant with the Safe return to Port requirement. MSC Cruises, which has grown by 800% in terms of onboard capacity since 2004, carried 1.67 million guests in 2014 and generated a turnover of $1.6 billion. For 2015, MSC Cruises is forecasting an additional 10% growth.MSC Cruises, part of the Mediterranean Shipping Company, is the market leader in the Mediterranean, South Africa and Brazil. It sails year-round in the Mediterranean and will sail year-round in the Caribbean starting November 2015. Its seasonal itineraries cover northern Europe, the Atlantic Ocean, French Antilles, South America, southern Africa, as well as the Emirates and Oman.source : prnewswire
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AHTS “ODIN VIKING” Just North of W-Friesland TSS towing the JU “PARAGON C20051” (ex. “Noble Al White”) the
By Keith Wallis The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, said Claus Hemmingsen, chief executive of Danish Maersk Drilling, on Tuesday.Oil prices have fallen by around 50 percent since June last year as soaring output clashes with slowing demand growth, forcing producers to slash costs and reducing the incentive to drill for new oil fields. Hemmingsen said that Maersk Drilling itself had idled one rig in Asia and that it had a 82 percent contract coverage this year, and only 60 percent for 2016."We expect to see distressed assets coming up out of the industry which will lead to consolidation in one shape or form," he said. Hemmingsen said his firm, a subsidiary of shipping giant A.P. Moeller-Maersk Group, had no immediate plans to acquire assets."We always watch for the right kind of asset, for the right kind of opportunity, but we're not expecting to make any move anytime soon," he said on the sidelines of a shipping conference in Singapore.Hemmingsen, who is also a member of the parent company's executive board, said that crude oil prices were not likely to rise above $85 a barrel and may remain much lower, albeit volatile."It's difficult to predict the oil price, but it's probably expected to range between $55-85 a barrel with some volatility."Even if crude prices rose back to $70 a barrel, Hemmingsen said that the drilling sector's high operating costs would mean most firms would struggle to make money. Source : Reuters (Writing by Henning Gloystein; Editing by Michael Perry)
Seaspan Marine has a new vice president of business development
Seaspan announced that Jenny Gethings has joined Seaspan Marine as Vice President, Business Development.
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Jenny will provide leadership to the Business Development Team as Seaspan continues to pursue new business, identify new markets, and develop current and future opportunities for its Marine division. “I am thrilled to welcome Jenny to the Seaspan family and our team of professionals at Seaspan Marine,” said Jonathan Whitworth, CEO, Seaspan. “Her diverse experience and track record of proven leadership and excellence across diverse sectors of the marine industry will be an asset for the Company moving forward.”Jenny has more than 25 years in the marine industry, including port operations and cargo logistics, and most recently served as Director of Global Projects for Schenker Canada, where she was responsible for numerous projects worldwide. In addition, Jenny has been very active closer to home, spearheading several projects in the liquefied natural gas (LNG) business, both in Kitimat and Prince Rupert.source: ottawacitizen
Italian coast guard brings in dead from migrant shipwreck
An Italian coast guard patrol boat has docked into Boiler Wharf with a grisly cargo: the dead from yet another, perhaps the worst ever, shipwreck of migrants and asylum seekers in the Mediterranean With them were the only 28 survivors who lived to tell the tale of this horrific ordeal, another shipwreck at the feet of the Europe.The case is so serious, that the Maltese and Italian prime ministers Joseph Muscat and Matteo Renzo want an EU summit to be convened in order to demand action on human smuggling at the south of the EU's borders.According to reports, a vessel carrying “between 500 and 700 migrants” capsized around 120 miles south of Lampedusa, at around 7pm on Saturday. The Italian coast guard vessel Bruno Gregoracci arrived on the site of the shipwreck at 2am on Sunday morning. The number of dead has not yet been officially established, and the figure has only been cited by the survivors of the ordeal.
The Italian Coast Guard OPV CP 920 BRUNO GREGORETTI leaving Grand Harbour, Malta on Monday 20 th April,
Captain Gianluigi Bove, who spoke to the press, said that they were not sure of the exact figure of the dead. "They [the survivors] don't speak English... so we cannot be sure of what happened."He said that from his experience, there was little chance of finding any other survivors, and that it would be difficult for them to find the shipwrecked vessel. "We did what was possible. At the time of the alert, we were 80 miles off the incident site... it took us six hours to reach the area."The coast guard vessel BRUNO GREGORETTI docked just before 8am Monday morning, with 24 bodies laid out across the deck. Italian ambassador Giovanni Umberto de Vito was on site to greet the Italian naval officers. Members of the health department could be seen on dock, together with director for health information Dr Charmaine Gauci. Commissioner of Police Michael Cassar is also on site, together with Colonel Claudio Spiteri, who is charge of operations, and the home affairs ministry's chief of staff. Ambassador De Vito and the ministry chief of staff spoke to the Italian officers on board the BRUNO GREGORETTI to have a clearer picture of the situation. MaltaToday reporter Miriam Dalli, who is on site, said that the 24 bodies are what have been recovered so far. "This means that no other ship carrying any survivors or bodies has yet reached Italy. Naval assets are still out at sea scouting the area in search of the bodies."The 28 survivors, all male, are reportedly in a state of good health. One of
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them could be an adolescent. One survivor was transferred by helicopter to Catania, suffering from injuries to his thorax. There are no women or chlidren among the dead. The survivors will remain on board before proceeding to Italy. Nationalities have not yet been established, although it is believed they are of sub-Saharan origin. The decision to bring in the dead bodies to Malta was "a political decision", the Armed Forces of Malta told the press.Miriam Dalli says the bodies will be placed in a second body bag by the Health Department. "Two inquiries will also be held - one in Malta and the other in Italy. The authorities are speaking to survivors to determine at what time they left Libya and how long they had been at sea. A life-jacket, two documents and also a diary, recovered by an AFM patrol boat, were passed on to the Italians for investigation."Col. Claudio Spiteri told the press that the Malta rescue coordination centre recieved a call for assistance from Italy to assist in a search and rescue, after merchant vessels were told to change course to assist in the rescue mission. Police inspector Kenneth Haber said the bodies have been taken to the morgue, where an autopsy will be carried out to determine cause of death. Magistrate Giovanni Grixti will carry out the inquiry.Between Saturday and Sunday night, the Malta Armed Forces were asked to assist an Italian search-and-rescue mission off the Libyan coast. A merchant ship came across the boat towards midnight and tried to carry out a rescue. However, the migrants panicked as they hadn’t recognized that the vessel was there to help them. They rocked the boat with movement, and it overturned. Muscat told the BBC that Europe had to react to solve this situation, starting with addressing the crisis in Libya.“The EU needs to understand that we are neighboured by a now almost failed state, which is giving leeway to criminal gangs to bully desperate people to their deaths, rather than hope,” Muscat said.He also said that the issue of rising numbers of migrants had now mutated into a much larger phenomenon.“If Europe continues to turn a blind eye to this crisis, we will be judged the way some countries were judged for turning a blind eye from some of the worst genocides of the 19th and 20th century.”Muscat stressed that the key to this issue was ensuring that Libya could form some sort of government that would allow international forces to take action and securitize the country once again. Recent Mediterranean migrant disasters Oct 2013: More than 360 people, mostly Eritreans and Somalis, die as their boat sinks off Lampedusa. Sept 2014: At least 300 migrants drown off Malta when people smugglers ram a boat after its occupants refuse to move to a smaller one. Survivors said it was "mass murder". Feb 2015: At least 300 migrants feared drowned as four dinghies get into trouble after leaving Libyan coast in bad weather. 12 April 2015: Some 400 migrants feared drowned after their vessel capsizes off Libya. 19 April 2015: About 650 migrants feared drowned as boat capsizes in Libyan waters south of Lampedusa. Source : Maltatoday
Talent Acquisition by Indian Register of Shipping from Premiere Institutes of India
IRClass, the Leading Ship Classification Society has hired 17 of the brightest and best Naval Architecture students from the elite technical institutes of India. IRClass celebrates its 40th Anniversary this year. In keeping with the philosophy of acquiring the brightest talent, IRClass has visited four technical institutes of India namely, IIT-Chennai, IIT-Kharagpur, Indian Maritime Institute-Vizag and CUSAT-Kochin for campus placements to induct best talent from the field of Naval Architecture and Ocean Engineering.The management has constituted a four member senior
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management team to visit and select trainees from these Institutes. After gruelling selection process, 17 students including batch toppers were selected and invited to join the prestigious Trainee Scheme of the organisation. It is worthwhile to note that IRClass has nurtured a close relationship with the Indian Institute of Technology, Kharagpur and Chennai in order to attract the best talent.IRClass has designed an excellent management training programme for these bright students. They will join IRClass at its Headquarters in Powai, Mumbai and undergo a structured trainee programme to orient them across a range of operational, commercial and technical aspects of the business at IRClass. After successful completion of the programme, these talented students will be deployed at the Head Office and the numerous Survey Stations across India and globe.Mr. SumanK Jha, Head - Human Resources of IRClass, said: “The hiring of these 17 young students is a milestone for IRClass and demonstrates our long term commitment to producing a new generation of innovators and leaders for our classification society. Our objective is to create a pipeline of trained and skilled surveyors both for survey stations and HO to support the growing manpower requirements of the organisation.
Vane Brothers Welcomes Latest Tug Newbuild
The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, has taken delivery of KINGS POINT, the latest in a wave of Maryland-built tugboats. Constructed under the supervision of Vane Senior Port Captain Jim Demske, Kings Point is the 10th of 14 “Sassafras Class” tugboats contracted by Vane Brothers through Chesapeake Shipbuilding of Salisbury, Maryland. KINGS POINT also has a sister tug, FORT SCHUYLER in April and is expected to be delivered this summer.
“All of what we do at Vane Brothers is geared toward our company mission of providing customers with quality service in the safest and most efficient way,” said Vane Brothers Company President C. Duff Hughes. “The evolution we have helped bring about in tugboat construction speaks to the impact of our mission, and we are excited to have teamed with another Maryland-based company to make this happen.” Hughes added, “Vane Brothers constantly strives to build a better, safer, more productive working vessel. That’s what we have achieved with Kings Point and also what we will see with FORT SCHUYLER.”
Measuring 94 feet long and 32 feet wide with a hull depth of 13 feet, KINGS POINT is similar in many respects to the previous nine tugboats built for Vane as part of the Chesapeake
Shipbuilding contract. The vessel, which required 13 months to build, is equipped with twin Caterpillar 3512 main engines producing a combined 3,000 horsepower, and operates with a single-drum hydraulic towing winch. State-of-the-art componentry is at the captain’s fingertips in the wheelhouse, which features mostly wooden accents for a more traditional look. KINGS POINT is the second tugboat built for Vane Brothers that incorporates a Tier 3 engine, which creates lower emissions and is more technologically advanced than previous generations. The Vane tugboat FELLS POINT, delivered in 2014, also featured an environmentally friendly Tier 3 engine.One new development onboard Kings Point and subsequent tugboats being built for Vane Brothers is the use of "soft‐core" panels and heavy, fire‐rated doors throughout. The soft-core panels, which are in place of Fiberglass Reinforced Plastic, consist of steel sandwiched to a thermal, acoustic insulation. This offers a safer and quieter living environment for the crew. “Every inch of this boat has been thought out with efficient operation, crew comfort and crew safety in mind,” said Captain Jim Demske, who has now supervised the construction of 25 tugboats for The Vane Brothers Company. KINGS POINT has joined Vane Brothers’ fleet based in New York. The names KINGS POINT and FORT SCHUYLER pay homage to a pair of highly respected, mid‐Atlantic maritime education facilities. The U.S. Merchant Marine Academy operates out of KINGS POINT, New York, while the State University of New York (SUNY) Maritime College has a Marine Transportation Department based at Fort Schuyler. Source : Marinelink
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HAL’s ROTTERDAM completed her derydocking period in Hamburg and returned to Rotterdam for her next cruise to
the Canary Islands, with onboard this time as well newsclippings contributor Huib Lievense photo : Ernst Lohmann- www.ernstlohmann.nl
ICS dismisses Claims by T&E on Modern Ship CO2 Efficiency
The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ships are somehow less CO2 efficient than those built over 20 years ago as ‘fanciful’. T&E bases its claims on a report it has commissioned from the respected consultancy CE Delft, but it has used the findings very selectively. Moreover, the actual data from which the report’s analysis is derived finishes before the worldwide implementation of the Energy Efficiency Design Index (EEDI). This came into force in 2013 as part of the IMO mandatory package of CO2 reduction measures (amendments to MARPOL Annex VI). The T&E statement appears to confuse overall design efficiency with an approximate ‘estimate of fuel efficiency’ based on generic data. Modern ships are designed for optimal efficiency which requires far less fuel to be consumed than previously. Largely as a result of fuel efficient operations, the latest IMO Green House Gas Study, published in 2014, shows that international shipping reduced its total CO2 emissions by more than 10% between 2007 and 2012, at a time when demand for maritime transport continued to increase.It is not helpful for T&E to twist the results of the CE Delft study to imply that the IMO EEDI, developed by the combined technical expertise of all the world’s maritime nations, is somehow inadequate. Modern ships, built in line with the EEDI targets which came into effect in January 2015, are required to be designed to be at least 10% more efficient (compared to the agreed IMO reference line), while ships built after 2030 will be 30% more efficient.Combined with continuously improving operational fuel efficiency measures, supported by the mandatory use of Ship Energy Efficiency Management Plans and new technology, the actual CO2 reductions achieved will be even greater. This is something on which the shipping industry and its regulator, IMO, should be congratulated rather than criticised.Source: ICS
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VSTEP OFFICE OPENED IN SINGAPORE
Last Tuesday VSTEP opened her new office during a reception for clients and business relations in Singapore VSTEP’s NAUTIS maritime simulators fulfill training requirements in full compliance with the latest international maritime standards and regulations and include a full range of simulators, from desktop trainer to full mission bridge.
Your certified training, VSTEP’s mission
VSTEP NAUTIS
NAUTIS Maritime Simulators comply to the following international standards and regulations: •The International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (or STCW) •IMO Model Courses •Approved and Certified by DNV – with class
notation for Integrated Simulator System, Tug, HSC – to be compliant with the Class A standard for certification of Maritime Simulators No.2.14 January 2011 and compliant with the requirements of the STCW Convention, Regulation I/12. •Nautical Institute Accreditation for DP Training Centres running VSTEP NAUTIS Dynamic Positioning Simulators •DNV-GL Class A Certification for Dynamic Positioning Simulators
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•Desktop Trainers – Portable simulators for navigation, ECDIS/Radar and radio communications training. •Full Mission Bridge Simulators – A DNV Class A or Class B certified simulator, based on the latest IMO STCW requirements using either projection or high-end flat screen visualisation technology for a full 240° or 360° simulator experience. •Desktop & Full Mission OSV Simulators – Train Dynamic Positioning and handling of OSVs with different types of propulsion systems during offshore operations. •Desktop & Full Mission Tug Simulators – Train the handling of tugs with different propulsion systems during tug operations. •Engine Room Simulators – Train ship engine room operations, from single to sub- and auxiliary systems.
In a timespan of one month, three types of VSTEP Dynamic Positioning Simulators and several acclaimed training centres integrating these simulators have been officially certified and accredited by either the Nautical
Institute and Det Norske Veritas (DNV-GL) certification bodies. The accreditation means the new NAUTIS Dynamic Positioning simulators from VSTEP are fully certified and approved to be used for official DP training courses. The Dynamic Positioning Simulators were based on different DP control types and included both Class A and Class B type DP simulators. Accreditation took place no more than four weeks apart and at different locations, including VSTEP’s World Headquarters and acclaimed training institutes in Shanghai and Singapore. An overview:
· A NAUTIS DP Class A Full Mission Bridge Simulator was certified by DNV-GL at VSTEP’s new Head Office in Rotterdam, based on the Praxis Mega-Guard DP2 system.
· The Dynamic Positioning Centre of Shanghai Maritime University (SMU), co-established by SMU and C-MAR Group was certified by the Nautical Institute (NI), and is providing DP courses on a NAUTIS DP Class B simulator based on the Praxis Mega-Guard DP2 system.
· The L-3 DP&CS Training Center in Singapore was certified by the
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Tanker market on the rise again, led by the VLCC segment
The tanker market, especially the larger ship classes, appear to be going from strength to strength these days, as last week marked fresh gains in VLCC rates in the key Middle East and West Africa markets on a low availability count and earlier demand strength. According to the latest weekly report from shipbroker Charles R. Weber, “on the demand side, however, the April Middle East cargo program came to an abrupt conclusion with fewer cargoes than anticipated. The month’s program there yielded 110 cargoes – which is 8% below our earlier expectation. The shorter program comes despite a relatively modest 3% m/m decline in cargoes from Iraq’s Basra terminal and amid pronouncements of near-record oil output in Saudi Arabia (this week, the kingdom submitted data to OPEC showing a 658,800 b/d m/m production rise during March, which would imply higher April exports following a usual lag between production changes and exports). CR Weber added that “further deliveries of VLCCs to time charterers under contracts agreed earlier in the year may have contributed to the slower spot cargo tally as some of these and earlier TC deliveries serviced internal cargo programs (as opsopposed to the relatively more common external relets observed during Q1). Additional tempering of expectations resulting from the Saudi production boost is the possibility of diversions to YASREF’s new 400,000 Yanbu refinery for inventory building ahead of its utilization hike during the coming months. A total of 17 fixtures were reported in the Middle East market, marking a 47% w/w decline”. Meanwhile, “in the West Africa market, demand declined for the third consecutive week to 6 fixtures, off 14% w/w, but still marginally above the 52-week average. As the market progresses more aggressively into May Middle East dates during the upcoming week, the rebounding of activity should help to prevent much rate downside from materializing on the back of this week’s lull. While this could help to support rates around present levels during the upcoming week, we note that surplus units carrying from April to May dates tallies at 10, which narrowly exceeds the previous YTD high of 9 at the conclusion of the January program and represents a doubling from the number of units uncovered at the conclusion of the March program”, said the shipbroker.It added that “moreover, sources indicate four fewer VLCC stems during the May Basra program, as compared with the April program, despite an overall increase of exports from the terminal while Saudi’s cargo supply remains uncertain given the observed disconnect between production and cargo tally in April. While potential demand gains in the West Africa market resulting from European refinery maintenance (pushing more cargoes on VLCC tonnage to other regions) during May could help limit rate downside, a modest degree thereof is expected to materialize after the upcoming week’s Middle East demand surge on the back of the recent tonnage build. Middle East Rates to the Far East gained 10 points w/w to an average of ws62.8. Corresponding TCEs gained 25% to an average of ~$62,435/day. The present assessment of ws62.5 yields ~$61,735/day. Rates to the USG via the Cape observed an average of ws33.5, representing a weekly gain of 5.8 points. Triangulated Westbound earnings gained 6% w/w to an average of ~$61,094/day”. In the Atlantic Basin, CR Weber said that “the WAFR-FEAST route added 5.8 points w/w to an average of ws61. Corresponding TCEs rose by 13% to an average of ~$57,636/day. In the Caribbean market, rates retested lower with the CBS-SPORE route shedding $250k to the $5.7m level; rates steadied at this level following a rebounding of activity. As regional exports are expected to remain steady and regional VLCC arrivals moderate, rates should hold around this level through at least the upcoming week. US Crude Stocks (EIA) Last Week 483.7 Mbbls Week y/y +22.7% US Gasoline Demand (EIA) Last week 8.914 Mb/d Week y/y +3.5% 2015 2014″.On the Suezmax tanker markets, “though demand in the West Africa Suezmax market remained relatively lackluster this week in the absence of significant volumes, rates posted a modest recovery from recent lows on the back of charterer interest in prompt dates to service late purchases of April cargoes. With few units available for these relatively prompt cargoes, rates on the WAFR- UKC route gained 7.5 points to a closing assessment of ws75 with the WAFR-USAC route rising by
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the same amount to ws72.5. With prompt units having been removed from the list of availability, rates should remain elevated early during the upcoming week as charterers move towards normalized forward dates. Thereafter, stronger demand should materialize and support an extending of gains. We note that VLCCs have moved beyond first-decade West Africa dates having covered 23% less cargo volume than during the first decade of the April program, leaving more early May cargoes expected to be oriented on Suezmaxes”. Meanwhile, in the Aframax market, CR Weber noted that “despite weakening fundamentals and softer trend during recent weeks, this week saw rates post a modest rebound from lows observed at the start. On the CBS-USG route, fixtures touched the mid-ws130s on Monday before a Tuesday fixture was reported at ws150. Market participants indicate that the higher rate resulted from a charterer working off of inaccurate information rather than any substantiating changes to regional supply/demand fundamentals. Simultaneously, owners were more bullish on reports of the higher rate which saw the market trade in the ws137.5-147.5 range through the remainder of the week. The route concludes at an assessed ws147.5 but fundamentals imply that rates should prove softer during the upcoming week. We note that overall demand was weaker this week with the tally of fixtures dropping 13% w/w to 16 and the four-week moving average dropping 7% w/w to 13″.Finally, in the Panamax segment, CR Weber noted that “the Caribbean Panamax market saw rates remain soft this week on slower demand and a relatively more flexible list of available units. The CBS-USG route lost 5 points to a closing assessment of ws135. Rates could post further modest losses during the upcoming week as more units reappear on position lists”, it concluded. Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide
By the end 2014, the value of equity market participants in listed Container leasing companies had eroded 18% compared to the previous year, which strengthens our view that container market recovery is delayed. Global trade growth has been lower over the last few years, averaging 5.4% CAGR from 2010 to 2014, and is expected to remain low in the next two years. In addition, market lease rates that have been declining for the last four years continue to remain depressed, impacting lessors’ initial cash investment return (ICIR). DMER believes the ICIR will remain below 10% in 2015, should top leasing companies continue with their aggressive fleet growth. Nilesh Tiwary, analyst at DMER stated, “We see a fragile earnings growth outlook for the Container leasing sector on the back of low container demand and sluggish macro-economic fundamentals. However, competitive lease rates should be somewhat offset by high utilisation rates. The labour dispute at US West Coast ports could also create spot container shortages that may be a net positive for container lessors. Moreover, container prices could fall further because of the decline in fuel prices in recent months.” DMER has rated all the three companies under container leasing – Textainer Group Holdings, TAL International and CAI International as Neutral with a low-risk, high-reward potential. Textainer Group
1_Container_AprTextainer Group Holdings is a market leader in the Container leasing sector in terms of fleet size with a steady earnings stream and strong balance sheet. It has the lowest gearing and the highest operating margin among public peers. In addition, the company offers regular dividend with high current yield and high dividend growth rate. It is currently facing near-term competition in light of the existing market conditions. DMER expects the company to report a lower net income in FY15. However, in the past the company had performed well despite these conditions and so could emerge a winner with the anticipated and eventual rise in interest rates. We assign it a Neutral rating with a fair value of USD 35 per share. Textainer Group scores an orange light on DMER’s bespoke value and a green light on its risk ranking, indicating a Neutral valuation and Low risk.
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TAL International
2_Container_AprTAL International, which operates a fleet of more than two million teu, has a strong balance sheet and highest fixed asset base. Compared with its public peers, TAL offers the highest dividends and best return on equity to its shareholders. DMER expects some risk to EPS growth as the leasing market environment is sending mixed signals and global macroeconomic uncertainty is still a concern. TAL’s margins should remain under pressure as the global supply-demand situation is expected to be tight in 2015/16. Global trade growth has been lower over the last few years; averaging 5.4% CAGR from 2010 to 2014, and is expected to remain low in the next two years. With a fair value estimate of USD 47 per share, TAL International scores an orange light on DMER’s bespoke value and a green light on risk ranking, indicating an Attractive valuation and Low risk. CAI International
3_Container_AprCAI International offers a strong long-term growth potential as it has ample liquidity and debt service metrics look healthy. Despite a slump in performance in recent years, we believe the company’s core fundamentals are intact because of its strong management team and their focus on profitability. It concentrates on highly demanded dry containers (79% of the fleet in terms of ceu), an increase in percentage of long-term contracts (83% of contracts including operating lease and long-dated finance lease), and a shift to a majority-owned fleet (80% owned fleet). In addition to strong fundamentals, it has a diverse customer base, including the largest shipping lines, and is attempting to diversify revenue streams and customers by expanding into railcar leasing in North America. However, considering a sluggish growth environment, DMER assigns a neutral view on the company with a fair value of USD 28 per share to the company. CAI scores an Orange light and a green light on DMER’s bespoke value and risk ranking, indicating a Neutral valuation and Low risk. Source: Drewry Maritime Equity Research
Industry effort to streamline subsea documentation delivers first results
Amid low oil prices, pressure is growing to find industry wide solutions which can reduce costs. The documentation demanded today for subsea operations is time-consuming, complex and costly to deliver. Now a DNV GL led Joint Industry Project (JIP) involving twenty industry players has made a major step forward in addressing this global industry with the first issue of a Recommended Practice.Working together the partners have invested considerable time to scope out and agree upon a set of typical subsea production systems (SPS) and functions with common terminology and a required minimum set of documentation between E&P operators and contractors. A first issue of the DNV GL Recommended Practice (RP) establishing industry guidelines and recommendations is now available to JIP partners and will be publicly available later this year. The work has been performed in Norway but has an international focus, not limited to appliance to the Norwegian Continental Shelf (NCS).“The JIP group has made significant progression in standardising the vast set of documents for designing, approving, manufacturing, verifying, operating and maintaining subsea equipment. The RP is an important element in DNV GL’s wider drive to streamline the global subsea sector and to increase efficiency, predictability and assure quality,” explains DNV GL JIP project manager, Jarl S. Magnusson. “We are now in dialogue with oil majors in Houston with the aim to build an even broader international network collaborating and capitalising on the joint work.”Halvar Larsen, Subsea Manager, Det norske says, “The collaborative approach to solving a common industry challenge through a JIP on neutral ground is the fastest way to develop a common global standard. Alignment between operators, contractors and suppliers and establishing a common understanding of the need for appropriate information have been interesting to witness through this JIP. In addition I see increasing interest from the industry and am really looking forward to using the results from this JIP in our next subsea project.”Jan Ragnvald Torsvik, lead engineer of Life Cycle Information at Statoil and co-chairman of the project, is now operationalising the draft RP in Statoil, implementing the RP result from 2014 with Statoil’s technical requirements for Life Cycle Information. This requirement will be adopted for new projects including development of the Johan Sverdrup field. Statoil is one of the first international E&P companies to implement the new standard. “As a contractor, processing, handling and expediting various types of documents to and from suppliers, clients and third parties represents a significant portion of the man hour costs on typical subsea EPCI projects today,” says Torgils Skaar, engineering department manager at Subsea 7. “Aligning documenting procedures and paperwork will present marked financial savings and provide a higher level of predictability for the production, handling and administration of technical documents and time taken to undertake such tasks.”The subsea documentation RP is linked to current sources of industry standards and practices and is open for industry review. To request a copy of the publicly available RP later this year, please register here. At a later stage, the RP may be included in industry guidelines, such as
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NORSOK, and/or as an amendment to relevant ISO standards.The next phase of the JIP is now to extend the current scope of Subsea Production Systems (SPS) to also include subsea, umbilicals, risers and flowlines (SURF) and to further address documentation requirements between contractors and suppliers. Phase 3 of the JIP will be run in 2016 and will include among other activities to identify an improved and shared solution for governance of information and a finalizedDNV GL RP. JIP partners: Aker Subsea AS, Centrica Energi, Det norske oljeselskap ASA, DNV GL, FMC Technologies, GE Oil & Gas, GDF SUEZ E&P Norge AS, Kongsberg Oil & Gas Technologies AS, Lundin Norway AS, Oceaneering, OneSubsea, RWE Dea Norge AS, Statoil Petroleum AS, Subsea7, Subsea Valley and SUNCOR. Source: DNV GL
3 bulkers with a toptal Deadweight of 561.739 ton moored at the EECV in Rotterdam-Europoort with seen the van
BERGE BUREYA (279.239), de YUAN FU STAR (176.000) and the PIAVIA (92.500) Photo: Hans van der Linden....www.aerolin.nl....@AerolinPhoto BV
Marshall Islands calls for new global target to cut shipping emissions
In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping, a growing sector currently left out of international climate negotiations. The Marshall Island’s Minister of Foreign Affairs Tony de Brum issued the following statement regarding the submission to the Maritime Environment Protection Committee’s 68th session in May:“The goal of keeping global temperature rise under 1.5 to 2 degrees Celsius requires action from all countries, and all sectors of the global economy. International
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shipping must be part of the action. While the sector currently contributes only 2-3 per cent of global emissions, its projected growth is a real cause for concern. Without urgent action, it is estimated that the sector could soon account for between 6 and 14 percent of global emissions – as much as the entire European Union emits today.”“Back under the 1997 Kyoto Protocol, only industrialized countries were instructed to work with the International Maritime Organization to take coordinated action to limit shipping emissions. Since then, we have seen too little movement on the issue, and global shipping emissions have continued to rise unabated.” “We are an island nation and shipping is one of our lifelines – we cannot survive without it. At the same time, carbon emissions, including those from shipping, pose an existential threat to our people and our country.” “Once again, the Marshall Islands is determined to lead by example. We want to put ourselves at the forefront of the transition towards a low carbon transport future. We are the first country in the Pacific to set a transport efficiency target for ourselves – a 20 percent cut in the use of fossil fuels for domestic transport by 2020, and we are exploring other ways to green our international registry.”“But the actions of one or small group of registries alone will not be enough. Ships these days can jump easily from flag to flag to avoid tougher standards. Cleaning up this global industry requires a global approach. With a strong wind blowing in the climate action sails en route to Paris, the IMO must move to set a sector-wide international shipping emissions target now.”The Republic of the Marshall Islands, joined by over 100 other vulnerable nations, has long called for global warming to be limited to less than 1.5 degrees Celsius above pre-industrial levels. To achieve this goal, anthropogenic greenhouse gas emissions need to be phased down to near zero by mid-Century, which will require significant emission reductions across all economic sectors. At present, international shipping emissions are not addressed by negotiations under the UN Framework Convention on Climate Change (UNFCCC) because countries have not been able to agree on how to allocate emissions among the countries involved. Only if the emissions were allocated could individual countries assume responsibility to reduce them pursuant to their emission reduction commitments under the UNFCCC and its Kyoto Protocol. As a result, the Parties to the UNFCCC have looked to the International Maritime Organization to take forward initiatives to reduce emissions from the global shipping sector. Initial efforts have focused on fuel efficiency standards for new ships and compulsory energy efficiency management plans for all ships. But recent studies have shown that such measures are insufficient to achieve reductions consistent with limiting global warming to below the globally agreed limit of 2 degrees Celsius, and that a clear overall target for the sector is needed to drive the necessary deeper emissions cuts Shipping currently contributes around two to three per cent of global greenhouse gas emissions. If the shipping sector were a country, it would rank as an emitter on the scale of Germany or Japan. But the projected increase in emissions over time gives greatest cause for alarm. Under current policies, emissions are expected to increase by 50 to 250 percent by 2050, which would be equivalent to between 6 to 14 per cent of total global emissions – roughly equivalent to the emissions of the entire European Union today. While other sectors are looking to peak in 2020 and decline for the next 30 years, none of the “business as usual” scenarios for international shipping foresee a peak in shipping emissions before 2050. According to the 3rd IMO GHG Study, this would make a limit of global warming to below 1.5 unachievable.RMI is host to the third largest independent shipping registry in the world – almost one in ten of the world’s fleet flies the RMI flag and in 2016 they are expected to overtake Liberia and become the world’s second largest registry. Vessel fees are one of the RMI Government’s few regular sources of income, together with tuna fishing license fees and foreign aid. For small island states, sea transport is essential for connectivity and all aspects of island life. But global emissions continue to rise, and current projections are for 3 to 4 degrees of global warming, which would produce enough sea-level rise to put the Marshall Islands and other low-lying countries and regions under water. The effects of climate change on the island countries of the Pacific are clearly evident, and for some, their very existence is under grave threat.In the months leading up to this December’s UN Climate Change Conference in Paris, nations are being asked to make ambitious post-2020 commitments to reduce greenhouse gas emissions. Pacific island nations are joining this effort, building on the ambitious targets they put forward under the Majuro Declaration for Climate Leadership, which was the result of the 2013 Pacific Islands Forum Leaders’ Meeting hosted in the Republic of the Marshall Islands. Given its growing significance as a pollution source, it is important that the international shipping sector keeps pace with the international momentum for climate action, and is not left behind as a major polluting sector while the rest of the world economy moves down an accelerating decarbonisation pathway. RMI’s submission to the IMO Marine Environmental Protection Committee’s 68th Session makes the case that it is time for the UN agency charged with regulation of international shipping to take ambitious and decisive action consistent with emissions trajectories that can avoid dangerous climate change. Source: Republic of the Marshall Islands
Deep Sea Supply appoints new CEO Deep Sea Supply's Board of Directors has appointed Jon Are Gummedal as new CEO of the company, the company said in its press release. Mr. Gummedal has worked with Deep Sea Supply since January 2014 as Technical Director with the responsibility of the technical management and crewing of the fleet operating worldwide. Prior to this, he held
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a position as Technical Director in Wilson ASA, managing a fleet of 86 vessels. Mr. Gummedal has more than 13 years of experience in the shipping industry, last 7 years in senior management positions. Source : PortNews
Technip’s subsidiary Tipiel awarded a contract for a new gas pipeline in Peru
Tipiel(1) S.A., Technip’s subsidiary in Colombia, was awarded by the Consorcio Constructor Ductos del Sur(2), a front-end engineering design and detailed engineering design contract, on a lumpsum basis. This covers the development of a new gas pipeline to transport gas from the Camisea field to Southern Peru.Launched by the Peruvian government, the project consists of more than 1,700 kilometers of 32" gas pipeline. It aims to improve the existing Peruvian Energy Network, contributing to the development of an Energy Node and Petrochemical Hub in Southern Peru. The overall work will be performed by Tipiel’s offices in Bogota, Colombia.Marco Villa, Technip’s Region B(3) President, commented:
“This award reflects the importance to accompany the client since the very early stage of an initiative to help design an optimized project execution scheme.”Riccardo Nicoletti, Tipiel General Manager, stated:
"This contract, which is related to one of the most important projects for the development of energy infrastructure in Peru, serves our objective to make Tipiel a leading engineering company outside Colombia as well”.
(1)Tipiel is a Colombian engineering company and a leader in Latin America in project management, engineering and construction for the oil & gas industry. Established in 1975, it has contributed to the design and construction of the main successful projects related to hydrocarbons in Colombia.
Its reference shareholders are Technip (44%) and Grupo SURA (41%), a company based in Colombia which is an important player in Latin America through its strategic investments dedicated to the insurance, pensions and banking sectors as well as investments in the processed food, cement production and energy sectors.
(2)The Consorcio Constructor Ductos del Sur is integrated by Odebrecht Peru Ingeneria y Construccion S.A.C. and Constructora Noberto Odebrecht S.A. Sucursal Peru and has been in charge by the Consorcio Gasoducto Sur Peruano, integrated by Odebrecht Latinvest and Enagas Internacional SLU, to design and build the gas pipeline assigned in concession by the Peruvian Government.
(3)Technip Region B is composed of Italy, Greece, Eastern Europe/Russia, South America and Canada and Middle East Onshore-Offshore. *Contract value is under €50 million For more information, please visit: http://www.technip.com
ABB turbochargers improve engine efficiency of world’s largest container ships
ABB Turbocharging improves engine performance on record- breaking container ships ABB, the leading power and automation technology group, has designed turbochargers powering the largest ships in the world. First came the China ShippingContainer Lines (CSCL) Globe with capacity of 19,100 TEU completing its maiden voyage inFebruary 2015. This was followed by the Mediterranean Shipping Company (MSC) Oscar at 19,224 TEU. Both have engines incorporating ABB-designed turbochargers and are each the first of a series of vessels to launch in the coming months also featuring turbochargers designed by ABB. The largest vessels of any type in service, the CSCL Globe and MSC Oscar are the only container ships in operation with capacity of over 19,000 TEU. In addition to their design, which allows this record-breaking cargo capacity, they host the largest engines on any ship. This advanced enginetechnology, coupled with ABB high efficiency turbochargers improves engine efficiency, lowers fuelconsumption and cuts emissions.The turbochargers designed by ABB, and fitted under license by Hyundai Heavy Industries (HHI) onboth vessels, have a very positive effect on fuel consumption, a key issue for such large ships whichalso face the challenge of lowering emissions.Each ship is equipped with MAN diesel engines. The Globe is fitted with three ABB A185-Lturbochargers, while The MSC Oscar features ABB 180-L turbochargers. In addition the auxiliaryengines on both were designed by ABB, fitted under license by HHI. These two ships are also thefirst of a series that will feature the same engine and turbocharger configuration.“Container vessels have almost doubled in capacity over the last five years, with the cost of fuelensuring that increased engine efficiency will remain a high priority for owners and operators. Our A100-L series of turbochargers was developed based on extensive feedback from marine industrycustomers. Meeting the specific requirements of ships of this size, they feature technology widelyproven on the smallest to largest two-stroke marine diesel engines including reduced fuel
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consumption and compliance with IMO Tier I, Tier II and Tier III limits and NOx emissions.“We are very pleased that ABB plays a role in powering both of these huge vessels, with even largerships following closely behind.” said Arie Smits, Senior General Manager, ABB Turbocharging,Switzerland.With a global network of marine service centers and a comprehensive offering of marine systems andsolutions that meet high safety and environmental requirements, ABB delivers reliability, power andproductivity to marine customers all over the world.For more information about ABB turbochargers on board the world’s largest container ships, view ourarticle: Maritime cargo vessels – is bigger better?
Near term outlook grim: Sea Asia Global Forum
Singapore: The mood was mixed among panellists at the Sea Asia Global Forum this last Tuesday. The lead start to the Singapore exhibition and conference featured shipowners covering most sectors. Most agreed the immediate outlook was grim, while medium term prospects were promising.Andreas Sohmen-Pao, chairman of BW Group, warned: “I think we have to imagine a world where there is excess shipbuilding capacity forever… so any sector that does well for five minutes will struggle… so there is no corner to hide.”“Some sectors look quite bleak at the moment,” conceded Lloyd’s Register’s marine director, Tom Boardley.Khalid Hashim, managing director of Thai dry bulk shipowner, Precious Shipping, said it will be a question of survival for many over the next few years. His advice for owners was fourfold: scrap older tonnage, get rid of non-core assets, raise finance and cut costs.Hashim said the China slowdown had been “really bad news in terms of the dry bulk market” but he felt moves by Beijing in the past month to prime the economy would work. SS Teo, managing director of Pacific International Lines, urged fellow owners “to make sure there is more responsibility in newbuilds”.“There is too much newbuilding still,” Teo said.
Claus Hemmingsen, who heads up Maersk Drilling, said overcapacity in the offshore market was the worst it had been for more than 20 years, especially in the drillrig sector. The problem had manifested before the oil price drop, he contended, as the offshore industry urgently needs to control its costs.“The offshore industry is tremendously challenged,” Hemmingsen said, adding: “The drilling sector in particular will face trouble for two to three years.” The only way to bring down costs, he said, was by reducing capex – and this was only likely to happen by companies folding, which was inevitable, he said.Christian Clausen, president of Nordea bank, concurred with Hemmingsen, saying: “Cost levels have to come down for many sectors including offshore.”All panellists were, however, positive about longer term prospects, driven by demographics. BW’s Sohmen-Pao, for instance, said he was “super optimistic in the medium term” citing the rise of the middle classes especially in Asia. Source : Splash 24/7
Challenges facing boxlines debated at Sea Asia
The global container shipping market is still not optimistic for the foreseeable future, and cost control has become one of the top priorities, executives told delegates at the Sea Asia conference.“China’s economy obviously is slowing down, it is changing from manufacturing-oriented to service-oriented and the European economy is also sluggish, which will keep softening the shipping market in the region,” Masamichi Morooka, chairman of the International Chamber of Shipping, said.Kenneth Glenn, president of APL, said the growth of top containerlines has been challenged and the rate continues to decline by about 2% annually over the past 10 years, while costs remain high.Glenn said APL has seen a decline in fuel costs but land costs including terminal costs and trucking costs continue to increase.To deal with
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increasing costs, a number of top lines have established various alliances in the past few years, which has raised lots of opposition in the market about monopoly concerns.
Lars Mikael Jensen, ceo, Asia Pacific region, Maersk Line, argued that the alliances of top lines have been established not only for cost reasons, but also for demand and efficiencies, adding that the top lines on the east-west trade routes almost have the same coverage, and the alliances are set up not on a commercial basis but an operational basis.
According to Glenn, the adoption of LNG-powered ships in container trades will become a future trend and it is already happening in some domestic markets. However, it will only become viable if there are enough infrastructures in place.“My largest concern for the industry in the next five years is any disruption in east-west trades,” Glenn said. Splash 24/7
The PACIFIC DUCHESS arriving with the H 627 in Rotterdam assisted by 4 Smit harbortugs.–
Bransom Bean to chair panel at Antibes superyacht conference
Antibes Celebrates Yachting
Moore Stephens Crew Benefits director, Bransom Bean, will be chairing a panel discussion during the Antibes Celebrates Yachting event being held on 24 and 25 April as part of the International Superyacht Society’s global YachtInfo® educational series.Entitled “The State of the Superyacht Industry” the panel will discuss historical facts, figures, trends and analysis on the industry and present their insight into its future.“The superyacht industry is very important to our business and to the Isle of Man,” said Moore Stephens Crew Benefits director, Clive Dixon, “We are really pleased that Bransom has been asked to lead this important discussion. As a superyacht veteran, he is the perfect choice.” The panel will sit on Saturday, 25 July at 11:15 am at the Bastion Saint Jaume in Port Vauban, Antibes.Bransom is a yachting industry professional and has contributed to numerous panels dealing with the maritime industry, and in particular superyachts. He is secretary of the Isle of Man Yacht Forum and was recently re-elected to the International Superyacht Society (“ISS”) board of directors for a third consecutive three-year term. Visit the website to find out more about location, the programme and how to get tickets - http://antibescelebratesyachting.com/home/
Maritieme sector ziet het tij keren Geïnspireerd door de uitspraak van oud-premier Piet de Jong “Voor sommigen is de kust het einde van het land, voor anderen het begin van de wereld”, kwam de maritieme sector donderdag 16 april bij elkaar op het Maritiem Innovatie Event ‘Plotting the course’.Na de opening van dagvoorzitter Bas Buchner, voorzitter van de Innovation Council Nederland Maritiem Land en TKI Maritiem Bestuur, ging Vrij Nederland journalist Thijs Broer aan de hand van zijn boek getiteld ‘Langs de Kust’ in op de vraag of Nederland nog een maritiem land is. Op aansprekende wijze gaf hij aan hoe het komt waarom het is alsof Nederlanders met de rug naar de zee staan. Hij gaf de maritieme sector een advies mee; “Wees minder bescheiden! Laat zien wat je doet!”Dagvoorzitter Buchner ziet tekenen dat het tij keert; “Als er grote schepen Rotterdam binnenlopen staan er weer mensen op de kade, een film als ‘Michiel de Ruyter’ trekt de aandacht en ook het Nederlandse team in de Volvo Ocean Race onder leiding van Bouwe Bekking haalt de pers”. En natuurlijk is er de Maritieme Strategie van de Nederlandse overheid, die Brigit Gijsbers, Directeur Maritieme Zaken bij het Ministerie van Infrastructuur en Milieu, presenteerde. Buchner: “Het is ontzettend goed dat de maritieme sector weer bij de overheid op het netvlies staat en dat er niet meer geldt: uit het oog uit het hart”. Volgens hem is het terecht dat de
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maritieme sector met een ‘hands on’ mentaliteit zelf dingen wil opknappen, maar; “We moeten zelf ook wat helderder voor ogen hebben dat het best bijzonder is wat we doen. Nederlandse bedrijven ontwerpen en gebruiken de grootste schepen op aarde. We verdienen vier keer zoveel met het bouwen van schepen dan met het maken van dijken in het buitenland. Maar we weten het zelf niet eens”.
Dat de sector best bijzonder, innovatief en toekomstgericht is, bleek uit de diverse presentaties die aansloten op de thema’s uit het Innovatiecontract Maritiem. Getijdenenergie op zee, varen op lucht en LNG, geïntegreerde ICT aan boord, autonoom varen, zeewierkweek op zee en ‘big data’ waren onderwerpen die voorbij kwamen. Ook vice-admiraal Matthieu Borsboom van Defensie Materiaal Organisatie en FME voorzitter Ineke Dezentjé Hamming inspireerden de aanwezigen met hun bijdragen, waarin samenwerking en slimme integratie van technologie centraal stonden. Ineke Dezentjé Hamming illustreerde met haar prikkelende uitspraak: "In your comfortzone, out of business...", dat het nodig dat ondernemers buiten de comfortzone treden. Geïnspireerd door de sprekers gingen de deelnemers in vijf workshops aan de slag om een aanzet te doen voor de update van het ‘Maritiem Innovation Contract’. Daarnaast werd in een aparte sessie voorlichting gegeven over subsidiemogelijkheden voor het maritieme mkb dankzij de ‘mkb innovatieregeling topsectoren’.Het event, dat plaats vond op de SS Rotterdam, werd bijgewoond door ongeveer 175 deelnemers uit de maritieme sector. Het event werd georganiseerd door de Innovation Council van Nederland Maritiem Land (NML), de TKI Maritiem in de Topsector Water en het Maritiem Kennis Centrum.De presentaties zijn te vinden op de website: http://www.maritiemland.nl/presentaties-maritiem-innovatie-event-plotting-course/
New Cruise Casino Regulations Published Malta Gaming Authority to allow casinos on cruise liners to operate while visiting Malta
Following the publication of the Cruise Casino Regulations by the Malta Gaming Authority (MGA), wherein cruise liners are to obtain prior approval from the MGA, cruise liners will now be able to operate their onboard casinos while berthing in Malta and its territorial waters. These Regulations are a result of the policy announced by the Maltese Government last November during the 2015 Budget speech. The Regulations aim to regulate casino operations on board cruise ships, which are either berthed in Malta, Gozo or within Maltese territorial waters.
The MSC POESIA outbound from Malta – Photo : Michael Cassar (c)
The MGA's Executive Chairman, Joseph Cuschieri said that, “Through the Cruise Liner Casino Regulations, we will be able to safeguard both the interests of passengers on board cruise ships, as well as those of the Maltese gaming industry. Cruise ships that are issued with the necessary approval by the MGA will be able to operate their casinos in line with the stipulated conditions whilst berthed here,” added Mr Cuschieri.“Valletta Cruise Port welcomes the publication of the new casino regulations, following our instigation of the process in recent years. These regulations make Malta a more attractive proposition for cruise liners particularly those who do opt to call at Malta for an overnight stay. This is undoubtedly an incentive to encourage cruise liners to include both Malta and Gozo in their Mediterranean itinerary. Valletta Cruise Port has already starting promoting these regulations, and feedback from the cruise liner industry has been positive,” commented Stephen Xuereb, Chief Executive Officer of Valletta Cruise Port.
The Parliamentary Secretary for Competitiveness and Economic Growth Hon. Dr. José Herrera stated that through the introduction of these regulations the Government has taken into consideration the private sector to incentivise these two industries: gaming and the cruise line industry. This measure being implemented by the Government was announced during the last budget. As such this secretariat has already accomplished three important propositions from their announcement in the budget: the Authority's branding, the launch of GamingMalta and the new regulations for the cruise casinos, said Jose' Herrera.José Herrera praised the Malta Gaming Authority's commitment that is increasing being pro-active in its efforts to promote job opportunities and investment on our shores."Through the implementation
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of these new regulations, cruise liner operators can apply for approval to operate their onboard casinos. The Authority will be assuring the best principles of fair play and player protection. Therefore the need to regulate arises, to ensure that we build upon the good reputation that our jurisdiction holds," said the Parliamentary Secretary.The government reiterates its commitment to improve these industries to create more quality job opportunities for our country.The Regulations lay down that a formal application for this purpose must be submitted to the MGA, which, in turn, issues such approval once it is satisfied that gaming on board the cruise liner casino shall take place in accordance with the fundamental principles established by the Authority. Once approval is granted, cruise liner casinos will be allowed to operate for the duration of their stay, in line with the conditions stipulated in these new regulations. The conditions attached to the approval, stipulate, for instance, that only those persons listed on the passenger manifest of that particular voyage can gamble at the vessel’s casino, and that the casino is only operated during the time window specified in the MGA approval.The Cruise Casino Regulations (S.L. 400.03) are being issued under the Gaming Act (Chapter 400 of the Laws of Malta). For more information on these regulations, one can contact Valletta Cruise Port by calling +356 25673000 or sending an email to [email protected]
World's first subsea mining vessel to be equipped with MacGregor subsea cranes
MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for Q1/2017. The order was booked into first quarter 2015 order intake. The 227m production support vessel has a beam of 40m. It has been designed by Singapore's SeaTech Solutions for Dubai-based owner Marine Assets Corporation (MAC). Following delivery at the end of 2017, it will operate under long-term charter to Canadian seafloor exploration company Nautilus Minerals Inc. The MacGregor order consists of two knuckle boom cranes; a 200t active heave-compensation (AHC) subsea crane with the capability to operate to a depth of 2,500m, and a smaller 100t subsea crane. Mike Johnston, CEO of Nautilus Minerals, says, "We are very pleased to have such a world class supplier providing key equipment for use on our Production Support Vessel. The cranes are an essential component in ensuring operations can be performed safely across all of our large working deck areas. We look forward to reporting on the progress of this equipment as we move closer to production in 2018." "We are delighted that we have been chosen to supply the cranes for this exciting and prestigious new vessel," says Tom Svennevig, Vice President, Offshore Load Handling, MacGregor. "The demands of offshore operations are constantly changing. At MacGregor, we work hard to understand our customers' requirements and to ensure that we are always ahead of the competition in our ability to offer exactly the right hardware for the job, supported by our global service infrastructure."
The FLINTSTONE and the INNOVATION moored in the Eemshaven loading for the Godewind project
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Crowley and Svitzer Agree to Create New Global Marine Services Company
Crowley Maritime Corp. and Svitzer have reached an agreement to merge their salvage divisions to create a new company named “ARDENT”. The company will be equally owned by Crowley and Svitzer, and will commence operations on 1 May 2015. Svitzer Salvage, a longstanding market leader in emergency response, and Titan Salvage, a leading wreck removal company among other things known for raising the Costa Concordia, will bring together their strong heritages and expertise in an entirely new entity that will offer customers an even broader range of capabilities and marine related services.“The company will become an industry leader in wreck removal and emergency response,” said Peter Pietka, chief executive officer of “ARDENT” (formerly CEO of Svitzer Salvage). “Further, while remaining integral to our new company, emergency response and wreck removal will be part of a wider ecosystem of services. We have come together to build a more modern and effective offering for the maritime sector.”Chris Peterson, vice president of Titan Salvage adds, “This merger brings together some of the most experienced, highly regarded salvage experts in the world. Our combined strength means we can provide a stronger network in key global locations, it means best practices shared globally and it means a broad range of proven marine capabilities that will best serve the maritime industry for a long time to come.”ARDENT” will be headquartered in Houston, Texas, and also have operational offices in the Netherlands, the United Kingdom and Singapore. The company will also have supporting offices in Australia, Brazil, South Korea, Greece, South Africa, among other regions.“The real power and benefit for the industry of our merged business will be its capacity and ability to adapt to the changing needs of our customers,” said Pietka. “Ardent will serve as a strong platform for organic growth and new expansion opportunities in complementary businesses such as underwater services and offshore decommissioning. Structured for growth and diversification, we will create new opportunities for the company and its employees.”In recent years, Svitzer has focused on being the loss mitigation partner for the marine industry through their preparedness department and emergency response services. “The creation of the new company with Titan is the next step to becoming the safe choice for the industry,” said Pietka. “Not only can clients trust that operations will be carried out safely, but they can also rest assured that their interests will be cared for tothe highest standards.”The new company will operate under the name “Ardent”, which means intensely devoted, and that is the culture the company wishes to create – absolute commitment to the things it does and to the clients and stakeholders it serves.The new executive management team will be led by Peter Pietka; with Jeff Andreini, chief financial officer; Renier van den Bichelaer, chief commercial officer; and Paul van’t Hof, chief operations officer; and Chris Peterson, merger manager.“ARDENT” will begin operating 1 May as one legal and financial entity under a singular management team, after which there will be a short transitional period in which the two companies will fully integrate all operational systems including IT, HSEQ, financial, commercial and operations. During this transitional period all customers should initially continue to contact Titan or Svitzer Salvage via existing phone numbers and email addresses. Clients will immediately begin receiving the benefit of the increased strength and the broader support network associated with the merged companies. Svitzer Salvage is part of the Svitzer Group, a leading towage and marine salvage company. Svitzer Salvage’s headquarters are located in Ijmuiden, the Netherlands and supported by key response locations in the United States, Singapore, South Africa, Australia and Brazil.For more than 180 years, Svitzer has been at the forefront of providing
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specialized marine services. With a fleet of more than 400 vessels across more than 40 countries Svitzer offers solutions in the fields of harbor towage, terminal towage, and offshore marine services, as well as emergency response, preparedness, and salvage operations. Svitzer is part of the Maersk Group. For more information, visit www.svitzer.com. TITAN, a wholly owned subsidiary of Crowley Maritime Corporation, is a worldwide marine salvage, emergency response and wreck removal company based in Houston, Texas, that has performed more than 450 salvage and wreck removal projects since 1980, including some of the most technically demanding projects ever undertaken. The company also has offices and equipment depots in the UK, Singapore & Australia. TITAN responds to vessel emergencies around the world and is able to mobilize a worldwide network of expert salvage professionals and specialized, portable equipment within hours of activation. For more information, visit www.titansalvage.com.
Maritime Piracy on Increase Again in Southeast Asia
After a steady decline in maritime hijackings over the last few years incidents of attacks by pirates on the seas rose 10 percent in the first quarter of this year, compared to the same period in 2014, according to the International Maritime Bureau (IMB).“It is a disturbing trend because if firm action is not taken then we expect that the violence will increase and the pirates will get a little more audacious in the kind of targets that they will look for,” said IMB director Pottengal Mukundan, speaking to VOA from the bureau's piracy reporting center in Kuala Lumpur.The most dangerous waters are in Southeast Asia which accounted for more than half of all attacks since the beginning of 2015 with a small coastal tanker being hijacked by armed pirates in the region on average every two weeks.“These vessels are inherently vulnerable because they're very slow and they're very low in the water,” said Mukundan. “The hijackers approach the vessel in very fast skiffs. They take over the ship and then they siphon or steal part of the cargo on board — usually marine gas oil, diesel oil, that kind of product which can be very quickly disposed of locally.” The country with the highest number of attacks, so far this year, is Indonesia, accounting for almost 40 percent of the total.The overwhelming majority of these incidents are carried out by “opportunistic thefts, although the attackers here are usually armed with knives, machetes or guns,” according to the IMB report.With eight reported incidents in the past three months, Vietnam has seen an increase in armed robbery incidents, with ships being broken into at anchor in and around Haiphong and Vung Tau.A notable improvement has been seen off Somalia where no incidents have yet been reported this year.The last reported hijacking in those waters was in May, 2012.The dearth of pirate attacks is attributed to Somalia again having a functioning government, a multi-national naval patrol against pirate mother ships and targeted ships adopting anti-piracy measures, including onboard armed guards.But IMB's Mukundan cautions it would be very easy for the situation to return to the bad old days.“All it takes is one successful hijacking and suddenly people will get interested once more in this criminal activity. So we've got to be watchful, the ships have got to be vigilant and we need the navies there,” he said.West Africa continues to be a hotspot for violent piracy with one man killed this year in the hijacking of a fishing vessel off Ghana. Five crew members were kidnapped by Nigerian pirates in two separate incidents in addition to a small product tanker being reported hijacked.The IMB, a division of the International Chamber of Commerce has been monitoring piracy on the seas since 1991. Source : voanews
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CASUALTY REPORTING
Polsteam bulker grounds
The 29,700-dwt JUNO (built 2011) grounded near Wellesley Island, New York state, according to the US Coast Guard. There were no injuries or pollution. The handysize ship, which was taking on water in one of its forward ballast tanks,
was listing slightly to port in 5.5 metres of water, the agency said. The Bahamas-flagged ship was headed inbound to Toronto with a load of sugar. It grounded near the Thousand Island Bridge that links New York state with Canada’s Ontario province but did not make contact with the bridge.Coast Guard marine inspectors and officials from the St Lawrence Seaway Development Corporation, the US agency manages the waterway along with its Canadian counterpart, were onboard the vessel to investigate.The incident led officials to suspend navigation in the river, which links the Great Lakes with the Atlantic Ocean. Three ships were waiting to pass. The JUNO
is classed by the Polish Register of Shipping and has protection-and-indemnity cover from Norway’s Gard.Szczecin-based Polsteam controls a fleet of 85 bulkers and newbuildings, according to Clarkson Research. The Polish shipowner could not be reached for comment for this story. source :Tradewinds
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NAVY NEWS Sunken Aircraft Carrier Rediscovered Off
CA Coast Scientists have rediscovered a mostly intact World War II aircraft carrier used in atomic bomb tests and then sunk at a secret location off the Northern California coast decades ago The National Oceanic and Atmospheric Administration located and recorded video of the U.S.S. Independence as part of a mission to map an estimated 300 historic shipwrecks in the waters outside San Francisco's Golden Gate Bridge.
Scientists have rediscovered a mostly intact World War II aircraft carrier the U.S. Navy scuttled off the Northern California coast decades ago. The U.S.S. Independence was located and video recorded as part of a National Oceanic and Atmospheric mission to locate and map an estimated 300 historic shipwrecks in the waters outside San Francisco's Golden Gate Bridge. Images captured by a remotely controlled miniature submarine showed the Independence sitting upright about 30 miles west of the coast and near the Farallon Islands. The Independence operated in the Pacific during the war and served as a target ship for two Bikini Atoll atomic bomb tests in 1946. "This ship fought a long, hard war in the Pacific, and after the war, was subjected to two atomic blasts that ripped through the ship," NOAA scientist James Delgado said.Despite the damage incurred, the Independence continued to float. The Navy used the ship to study nuclear decontamination while it was moored in San Francisco.The Navy towed the Independence out to sea in 1951 and scuttled it out of concern the damaged ship would sink near the city. The military branch kept the site of the ship's sinking secret.The contamination poses little danger to public health because of the ship's isolation 2,600 feet underwater and 30 miles from the coast, scientists say. Neither the submarine nor tools used to examine the ship showed any signs of increased radiation, Delgado said.Kai Vetter, a University of California, Berkeley, nuclear engineering professor, said the ship posed a serious risk to workers at the San Francisco shipyard where the ship was moored after the atomic tests."But the risk to the public now is extremely small," Vetter said. "Water is a very efficient shield." Source : pddnet
SHIPYARD NEWS
Still cloudy 1Q outlook for big three Korean shipbuilders
As the global shipping market has not shown a clear sign of recovery yet, it is widely expected that the local shipbuilding industry will need more time to turn itself around. It is very likely that the big three local shipbuilders will narrow its operating losses in the first quarter as it recoveres from earnings shock a year ago. According to the April report released by global shipping market research agency Clarkson Research, thetotal amount of global new shipbuilding orders during the first quarter of 2015 was 5.60 million compensated gross tonnage (CGT) which was 47% down from the same period a year earlier. Korea received 230 CGT of the total volume. Japan and China took 130 CGT and 160 CGT respectively in the same period. Even though Korea still maintained its top position in the global
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shipbuilding market, Korean companies have been increasingly losing orders from Japanese counterparts on the back of a weak yen.
Hyundai Heavy Industries’orderbook as of late March was only 4.89 million CGT or 100 ships which made the world’s largest shipbuilder only ranked at the third position in the market. It was the first time in the last two years that Hyundai Heavy Industries failed to maintain its orderbook below 5 million CGT. Meanwhile, it is expected that the big three local shipbuilders’ first quarter performances would be in line with market expectations. According to a local finance information research agency FnGuide, Hyundai Heavy Industries is expected to post 12.42 trillion won in sales with an operating loss of 2.9 billion won in the first quarter. Daewoo Shipbuilding & Marine Engineering is expected to record an operating loss of 112.5 billion won in the same period. Samsung Heavy Industries is anticipated to turn an operating profit. Source : Whowired
FPSO Petrojarl I dry-docked at Damen Shiprepair Rotterdam for EPC Redeployment
Upgrade Major step for Damen Shiprepair & Conversion as a full service conversion group
modifications related to a marine, hull and life extension according to Class, conversion of the process systems (i.e. separation train and produced water topsides) and integration, and finally ensuring Brazilian compliance. To achieve such a comprehensive upgrade DSR has formed partnerships with equipment supplier Frames BV and marine engineers Nevesbu BV. Frames is carrying out the design and fabrication of the new Topside Skids while Nevesbu is responsible for the marine and topside integration engineering.The contract is being managed by DSC’s Offshore & Conversion task force team, and is to its knowledge the first EPC Redeployment Upgrade Contract to be carried out in Europe. By taking on responsibility for the hull, topside conversion and its integration, DSR was able to offer Teekay a turnkey package with regards to safety, quality, budget and delivery time.This project represents a major step in the development of Damen Shiprepair & Conversion as a full service conversion group. As well as introducing valuable new partnerships, DSR has also used the contract to develop a professional project team tailored to the needs of the oil and gas industry. The sector is subject to extremely high HSEQ requirements and the Petrojarl I upgrade together with the experience gained from past projects such as the Gryphon A FPSO has established DSR as a serious contender for more such projects.
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TRIYARDS VIETNAM DELIVERED LIFTBOATS
Headquartered in Singapore and listed on the Singapore Mainboard Stock exchange, TRIYARDS provides integrated full-service engineering, fabrication and ship construction solutions for the global offshore and marine industries with
a focus in shipbuilding, ship conversions, medium to heavy fabrication works and ship repair. By focusing on sophisticated platforms and equipment that can tackle even the most complex offshore projects, we have already established ourselves as a front runner in the fabrication of self-elevating units (SEUs) in Southeast Asia. We plan to build depth in specialised niches such as drilling rigs with our proprietary design and mobile offshore production units (MOPUs). Equipped with heavy-lift gantry cranes and deepwater berthes, the Vietnam yards located in Vung Tau and Ho Chi Min City have the capability to undertake large-scale projects to fabricate different components of fixed platforms, as well as vessel conversion and construction. The Group also owns a fabrication facility in Houston, USA which has in-house engineering capabilities, fabricating specialized offshore equipment including cranes, A-frames and winches. Triyards flexible approach allows them to work with clients and present them with a customized set of solutions. TRIYARDS Holdings Limited (TRIYARDS or the Group) has recently secured new orders worth approximately US$100 million comprising of a liftboat, a high speed aluminium craft project including integrated logistics support work and a fabrication project.These contracts come at the back of two ice-class Multi-
Purpose Support Vessels (MPSVs) contracts and a turret fabrication project valued at more than US$100 million (announced on 9 March 2015). Scheduled for completion in 4QFY2016, the order for the three-legged lattice BH 335 unit will bring TRIYARDS’ current newbuild pipeline to 11 vessels. As an exclusive design tothe Group, the BH 335 lattice unit variant has leg lengths that exceed 100 metres (approximately 335 feet) and can accommodate approximately146 people. Further, TRIYARDS also secured a project to fabricate core component parts for a land basedpower plant. Additionally, a high speed aluminium craft project was awarded to TRIYARDS’wholly-owned Strategic Marine and will be delivered to its client over a period of four years.Mr Chan Eng Yew, the Group’s Chief Executive Officer, said: “Our fast-growing contract wins across a diverse product range demonstrate the industry’s high regard for
their fabrication capabilities in both steel and aluminium vessels. Not only are we able to deliveron our exclusively-designed liftboats, we are also gaining traction in securing other types of vessel orders.“With these new wins, we enhance our leading position as a global premier liftboat and high speed aluminium craft engineering specialist in Asia TRIYARDS also reported its financial results for the six months ended 28 February 2015(1HFY15) . Net profit attributable to shareholders came in at US$13.3 million on aturnover of US$117.8 million, supported by ongoing liftboat projects at varying stages ofconstruction, acquisition of Strategic Marine, and other industrial and offshore fabrication projects. The Group also reported an increase in its gross margin to 22.7% from 15.9% theyear before,
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due to a different product mix. Reflecting its strong working capital management, TRIYARDS recorded net cash generatedfrom operating activities of US$25.6 million as compared to an outflow of US$10.6 millionin 1HFY14. With this improved cash flow, the Group pared down its net debt (total external indebtedness net of cash and cash equivalents) to equity ratio to 0.4 times from0.5 times as at end of FY14.On TRIYARDS’ prospects, Mr Chan commented: “Since the beginning of 2015, we have added some US$275 million to our orderbook. Not withstanding the challenging and competitive operating environment today, we remain confident that this will grow in thecoming quarters, given our established track record and diversified product offering.”
DSME Closes Backlog Gap with #1 Hyundai Heavy Industries
According to Clarkson, a British market survey institute that focuses on shipbuilding, on April 21, the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering (DSME) placed first among single dockyards in the world in March in the rankings of compensated gross tonnage (CGT) in an accumulated order backlog, with 8.155 million. The shipyard has maintained the top spot for five straight months after the end of November last year. Also, Geoje Shipyard of Samsung Heavy Industries pushed Ulsan Shipyard of Hyundai Heavy Industries into third place.Samsung Heavy Industries' shipbuilding yard recorded 5.016 CGT in its backlogs in March, moving up one spot to number two from the previous month. On the other hand, Ulsan Shipyard of Hyundai Heavy Industries was the only shipyard among top three to show a decrease in the accumulated order backlogs. It took third place with 4.896 CGT. The reason why the ranking changed was that Ulsan Shipyard of Hyundai Heavy Industries won fewer orders, even though all of the top three had difficulties in winning orders.As Samsung Heavy Industries received orders worth US$2.3 billion (2.49 trillion won) this year, including 10 container ships, six oil tankers, and two LNG carriers, the company topped the list. Also, DSME won a contract worth US$1.4 billion (1.52 trillion won), including six LNG carriers and two very large crude carriers (VLCC), showing the similar result of US$1.42 billion (1.54 trillion won) during the same period in the previous year.However, Hyundai Heavy Industries recorded accepted orders of 12 LNG carriers worth US$900 million (974.25 billion won) in the first quarter this year. The figure is a 74 percent decrease from the same period last year.Even though Hyundai Heavy Industries' Ulsan Shipyard ranked 3rd in the accumulated order backlog by each dockyard, the company is still number one by shipbuilding group.By shipbuilding group, Hyundai Heavy Industries, which runs Hyundai Samho Heavy Industries and shipyards in Ulsan and Gunsan, has maintained its top position with 9.542 CGT, or 214 ships.However, as the current number two, DSME, is closing the gap between Hyundai Heavy Industries in backlogs with 8.974 CGT or 155 ships, the ranking can change.By country, China came in first with 43 million CGT or 2,367 ships, followed by Korea with 32.7 million CGT or 842 ships, and Japan with 19.8 million CGT or 930 ships. By CGT, China has a 39 percent share of the global accumulated order backlogs, while Korea and Japan have 29 percent and 18 percent, respectively. Source : businesskorea
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Turku Shipyard eyes cruise ships contracts with Royal Caribbean Cruises
Meyer Werft, the 100% owner of Turku Shipyard is reportedly in talks to clinch contracts for building largest cruise ships for Royal Caribbean Cruises, the press service of St. Petersburg headquartered Turku Centre said.As Helsingin Sanomat reports the vessels construction may start in 2020. However, the shipyard officials has neither confirmed nor denied the information.In 2009 and 2010, two huge cruise ships, the Oasis of the Seas and the Allure of the Seas (of capacity in excess of 6,000 passengers) were built at the Finnish shipyard in Turku.Meyer Turku Oy is one of the leading European shipbuilding companies owned by Meyer Werft (100%). The shipyard employs 1,350 people and specializes in building cruise ships, car-passenger ferries and special vessels. The subsidiaries of Meyer Turku are Piikkio Works Oy, which is a Cabin Factory in Piikkiö, Shipbuilding Completion Oy, which provides turnkey solutions to public spaces in ships, and ENG'nD Oy, an engineering company offering services for shipbuilding and offshore. Papenburg, Germany based MEYER WERFT was founded in 1795 and is in its sixth generation of family ownership. The company specializes in the construction of huge, modern and sophisticated cruise ships, as well as car and passenger ferries, RoRo ships and LPG tankers. The company's affiliated unit NEPTUN WERFT GmbH & Co. KG in Rostock, builds river cruise liners and supplements the range of ships. The shipbuilding company has more than 3,000 employees. MEYER WERFT's order book will keep the company busy well into the year 2019. Source : PortNews
ROUTE, PORTS & SERVICES
CEVA and BP Zhuhai expand relationship CEVA Logistics, one of the world’s leading supply chain companies, today announced its expanded relationship and contract renewal with BP Zhuhai Chemical Company Limited (BPZ), the renowned leader in China’s purified terephthalic acid (PTA) industry. This marks more than a decade of partnership between the two companies in the warehouse management and operation of BPZ’s facility.
CEVA has been managing and operating the BP Zhuhai facility since 2002. The facility, totaling 10,000 sq m, is manned by approximately 200 CEVA staff equipped with the experience and knowledge of the specialized and highly regulated chemical industry which has very stringent safety requirements. CEVA’s ability to deliver quality service to BP Zhuhai is also a result of the strong collaboration the two organizations have forged over the years.
Graeme Stewart, General Manager of BP Zhuhai commented: “CEVA’s ability to deliver high efficiency and quality service speaks of a first-class logistics provider in China. With strong support from CEVA, we have achieved the safety goal of ‘Zero Lost Time Incidents’ in 2014, an excellent achievement that is well appreciated by us at BPZ.”CEVA’s Jaap Bruining, MD of Contract Logistics, Greater China, said: “In China, demand for PTA has grown in recent years, fuelled by the country’s thriving manufacturing sector. Being able to support BP Zhuhai as their logistics partner of choice over so many years is a privilege and a testament to CEVA’s operational capabilities and understanding of their business requirements. The quality of our service, commitment and strong track record especially in the area of health, safety and environment, were key to BP’s decision to continue working with CEVA.”
Over recent years, CEVA has rolled out site safety campaigns and set up the Emergency Response Unit (ERU) to provide the site with emergency response, fire facilities inspection and chemical waste disposal services. In 2013,
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CEVA was awarded a 10-year Safety Award by BP Zhuhai in recognition of CEVA’s commitment to the highest levels of health and safety requirements for the BPZ facility.
Singapore transport minister calls for greater global maritime collaboration
With international trade set to grow dramatically in the coming generation on the back of rising middle classes around the world Singapore’s transport minister has called for greater collaboration among shipping authorities around the world to boost infrastructure and fix shipping’s problems, including its environmental footprint.Speaking at the opening of the Sea Asia exhibition in Singapore, Lui Tuck Yew said: “The international maritime community needs to come together and co-create solution that transcend geographical and organisational boundaries.”Lui said two thirds of the world’s middle classes would be Asian by 2030 necessitating a rapid build up of maritime infrastructure, something Singapore has embarked on with a new megaport under construction in Tuas.“We need to ensure we have sufficient capacity to meet the growth in shipping demand, and support the proliferation of megavessels,” the minister said. Source : 24/7
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Maersk Drilling picks new COO from Baker Hughes’ rows
Angela Durkin from Baker Hughes will join Maersk Drilling as new Chief Operating Officer (COO).
She will assume her new role May 1, 2015 taking over from Jørn Madsen and report directly to CEO Claus V. Hemmingsen. “We are very pleased that Angela Durkin will join Maersk Drilling. Angela brings vast experience with her from Baker Hughes, and with her technical competencies and enormous international experience from an oilfield service provider in the drilling industry, she is just the right fit for Maersk Drilling. I am confident that with Angela on board, we will have an even stronger foundation for partnering and working together with our customers in order to increase overall efficiencies and to bring down costs in the drilling operation and well completion,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group.Angela Durkin will assume the position as COO after Jørn Madsen, who will take up the position as CEO for Maersk Supply Service.
“Jørn has served Maersk Drilling for almost 25 years and has most recently been instrumental in the growth strategy and operational excellence success, which Maersk Drilling has seen during his tenure as COO. I wish to thank Jørn for
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his tremendous contribution to Maersk Drilling, and I am sure that he together with the team in Maersk Supply Service will build further on their already well-established success,” says CEO Claus V. Hemmingsen.Angela Durkin holds a master degree in electronics from the Technical University in Branchweig, Germany. She started her career in Baker Hughes in 1996 as a MWD Operator. She has held various positions such as Business Development Manager, Country Manager for Denmark, Vice President for Operations and Technical Support. Her latest role was as Corporate Vice President for Health, Safety and Environment.She will report directly to CEO Claus V. Hemmingsen and be a member of the Senior Management Team in Maersk Drilling.
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