Coast Guard News
April 30, 2020
A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
This gives Royal IHC, a financially troubled Dutch maritime player, a new perspective for the future. Under the deal, the country’s government will provide the shipbuilder with a lifeline of up to almost €400 million. ... [Read More]
April 30, 2020
A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
This gives Royal IHC, a financially troubled Dutch maritime player, a new perspective for the future. Under the deal, the country’s government will provide the shipbuilder with a lifeline of up to almost €400 million. ... [Read More]
April 30, 2020
A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
This gives Royal IHC, a financially troubled Dutch maritime player, a new perspective for the future. Under the deal, the country’s government will provide the shipbuilder with a lifeline of up to almost €400 million. ... [Read More]
April 30, 2020
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg.
The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy.... [Read More]
April 30, 2020
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg.
The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy.... [Read More]
April 30, 2020
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg.
The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy.... [Read More]
April 30, 2020
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg.
The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy.... [Read More]
April 30, 2020
The Port of Seattle has delayed the development of the proposed Terminal 46 cruise terminal as it needs to investigate the impact of the coronavirus pandemic on the market before proceeding.
The cruise industry has been severely impacted by the pandemic especially on the back of the suspension of global sailings that have quashed cruise liners’ earnings.... [Read More]
April 30, 2020
The United States Coast Guard (USCG) Marine Safety Center (MSC) has issued its 30th ballast water management system (BWMS) type approval certificate to the US-based manufacturer Hyde Marine.
The approval was granted on 29 April after a detailed review of the manufacturer’s type approval applications determined the systems met the required requirements. The system was examined and tested by independent laboratory DNV GL.... [Read More]
April 30, 2020
The Japanese technology firm Eco Marine Power has launched a feasibility study into the installation of its zero-emission power and propulsion system onto an LR2 tanker.
The system is known as Aquarius Marine Renewable Energy (Aquarius MRE) and it aims to enable ships to tap into renewable energy by harnessing the power provided by the wind and sun. ... [Read More]
April 30, 2020
A containership owned by Danish shipping giant Maersk suffered an engine room fire while sailing in the Caribbean on 26 April 2020.
At the time of the incident, the 1,800 TEU Maersk Vilnius was en route from Freeport, Bahamas to Port Elizabeth, South Africa.
“All 22 crew members are safe and accounted for and there has been no pollution reported,” a Maersk spokesperson confirmed to Offshore Energy. ... [Read More]
April 30, 2020
Source: The Panama Canal Authority
The Panama Canal is adjusting its booking system to provide customers added flexibility and relief during the COVID-19 pandemic. ... [Read More]
April 30, 2020
The Maritime and Port Authority of Singapore (MPA) revealed it would provide further financial support to the maritime industry in the wake of the global COVID-19 outbreak. ... [Read More]
April 30, 2020
Norwegian shipowner 2020 Bulkers has pushed the delivery dates for the last two of its scrubber-fitted newbuilding bulkers for the first half of June 2020.
The two 208,000 dwt Newcastlemaxes are being built at New Times Shipyard in China and form part of a batch of a total of eight units built at the same yard over the past two years.
The ships were supposed to be delivered by June, however, due to the secondary effects of the coronavirus pandemic and disruption to the supply chain at shipyards their delivery has been somewhat delayed.... [Read More]
April 29, 2020
At a time when seafarers are keeping the world moving, COVID-19 cannot be used as an excuse to lower the wage and working conditions of seafarers, the International Transport Workers’ Federation (ITF) said. ... [Read More]
April 29, 2020
At a time when seafarers are keeping the world moving, COVID-19 cannot be used as an excuse to lower the wage and working conditions of seafarers, the International Transport Workers’ Federation (ITF) said. ... [Read More]
April 29, 2020
Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers.
The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell.... [Read More]
April 29, 2020
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite a significant increase in revenues.
Keppel Corporation said on Wednesday that its Offshore & Marine (O&M) Division registered a net profit of S$3 million ($2.1 million) for 1Q 2020, compared to a net profit of S$6 million ($4.2 million) a year ago.
This was due mainly to the share of losses from associated companies which had offset the Division’s stronger operating results.... [Read More]
April 29, 2020
Stena Bulk’s MR tanker Stena immortal has concluded the biofuel trial launched in March in cooperation with the Dutch biofuel supplier GoodFuels.
During the ten-day trial, the bio fuel oil (BFO) was tested in the ship’s tanks, storage and it was burned in the engines.... [Read More]
April 29, 2020
Brazilian miner Vale has decided to phase out the 25 very large ore carriers that were converted from very large crude carriers following numerous technical flaws on the ships.
The ships would be phased out through early termination or amendments of contracts, Vale said in its quarterly report.
The decision comes in the wake of the latest incidents involving one of the converted vessels, namely Stellar Banner, which ran aground and started tilting on its side back in February.... [Read More]