Coast Guard News

July 3, 2020
Eleven industry majors including AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric, Total and Wärtsilä have formed a coalition for the energy of the future. The coalition aims to accelerate the development of energy sources and technologies to address the challenges posed by sustainable mobility in the transport and logistics industry by reducing emissions, fighting global warming and protecting biodiversity.... [Read More]
July 3, 2020
Hong Kong-based dry bulk shipping company Pacific Basin revealed a one-off non-cash impairment charge of $198 million on the group’s Handysize core fleet. The impairment charge relates to primarily its smaller and older Handysize vessels and will be reflected in its unaudited consolidated results for the first half of 2020. Including this impairment, Pacific Basin expected to record a net loss in the range of $212 million to $227 million as compared to the $8 million net profit recorded for the H1 of 2019. ... [Read More]
July 3, 2020
The European Sea Ports Organisation (ESPO) said it supports the initial aim of the EU taxonomy framework to encourage private investors to prioritise green and sustainable investments by providing them a clear manual with common definitions. ... [Read More]
July 3, 2020
The Government of Canada has issued an advance contract award notice (ACAN), signalling its intention to purchase the motor vessel Villa de Teror as an interim measure to replace the ferry MV Madeleine. ... [Read More]
July 3, 2020
Australian trade gateway Port of Newcastle is moving to 100% renewable energy by 2021 and is continuing to transition all its vehicles to electric by 2023. The port has joined other six Hunter institutions that will advocate for and drive local adoption of the United Nations’ (UN) Sustainable Development Goals (SDGs). The group members include the Port of Newcastle, City of Newcastle, Compass Housing Services, Hunter Water, Kumalie, Port Waratah Coal Services, and the University of Newcastle.... [Read More]
July 3, 2020
Five crew members of a general cargo ship Kota Budi have been kidnapped by armed men off Cotonou, Benin, Dryad Global said citing a high confidence source. The kidnapped crew, including the master, are all Chinese nationals. The multipurpose vessel, built in 2013, is owned and operated by Singapore’s Pacific International Lines (PIL). PIL confirmed the incident to Offshore Energy-Green Marine.... [Read More]
July 3, 2020
Eleven years ahead of schedule, Taiwanese shipping company Yang Ming Marine Transport Corporation managed to accomplish the International Maritime Organization (IMO) target of reducing carbon intensity by at least 40 per cent by 2030. ... [Read More]
July 3, 2020
Ports can play a pivotal role in the world’s decarbonization challenge by becoming renewable energy hubs, increasing their electricity generating capacity more than tenfold in the next 30 years with the help of offshore wind and hydrogen, a new report from DNV GL finds.... [Read More]
July 3, 2020
South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and covers three firm years plus two more optional years. Under the contract, Hyundai Glovis would transport cars of Volkswagen’s various brands including Volkswagen, Audi, Porshe, and Bentley.... [Read More]
July 2, 2020
A group of armed men attacked the FPSO Sendje Berge some 30 nautical miles southwest from Bonny Island, earlier today, kidnapping some of its crew members. The news first emerged on the website of the UK-based security intel firm Dryad Global, which cited a ‘high confidence’ report, according to which 11 crew members of the FPSO were suspected of being kidnapped. The incident was confirmed by BW Offshore, the owner of the FPSO.... [Read More]
July 2, 2020
German container shipping major Hapag-Lloyd intends to navigate through the coronavirus crisis without seeking state aid.... [Read More]
July 2, 2020
The International Transport Workers’ Federation (ITF) and Global Cruise Lines have reached an agreement today that will see crew continue to be repatriated over the coming days.  The seafarers have been stranded on board the six Global Cruise Lines’ vessels currently in Tilbury and Bristol, in the United Kingdom because of global travel restrictions brought in to deal with the global pandemic. ... [Read More]
July 2, 2020
Air lubrication technology manufacturer Silverstream Technologies in collaboration with the University of Southampton, has been awarded an Innovate UK Knowledge Transfer Partnership (KTP) grant.... [Read More]
July 2, 2020
China Merchants Jinling shipyard started building on Tuesday two LNG and LBG-powered tankers for Sweden’s Terntank.... [Read More]
July 2, 2020
Estonian ferry company AS Tallink Grupp has strengthened its fleet with the purchase of a roll-on/roll-off passenger (RoPax) vessel from compatriot firm Navirail OÜ. The ship, MS Sailor, was acquired by Tallink’s subsidiary Baltic SF VIII Ltd on 30 June 2020. The RoPax is scheduled to be handed over to its new owner in Paldiski on 9 July 2020. Tallink will announce the vessel’s route and schedules in the near future. ... [Read More]
July 2, 2020
Australia’s Global Energy Ventures (GEV), a developer of global integrated marine compressed natural gas (CNG) projects, and Yantai CIMC Raffles Offshore Limited (CIMC Raffles) have extended their Letter of Intent (LoI) to build the CNG Optimum 200 ships. The extension is for six months through to December 31, 2020, according to a stock exchange filing from GEV. The LoI concerns the construction of four firm 200MMscf Compressed Natural Gas (CNG) ships with the option for GEV to order up to an additional four ships.... [Read More]
July 2, 2020
Kongsberg Digital, part of Norway’s Kongsberg Group, has acquired Coach Solutions, a Denmark-based supplier of software solutions for vessel performance and monitoring. The new name of the company will be Kongsberg Coach Solutions. The acquisition was finalized on 30 June 2020. Coach’s vessel performance monitoring system was developed by Danish shipping company Clipper Group. In 2016, Coach was established as an independent company – Coach Solutions ApS – which has grown rapidly. Its software currently has over 900 licenses running.... [Read More]
July 2, 2020
China Merchants Energy Shipping (CMES) has agreed to acquire 70% of equity interest in Singapore-based bunker trader China Merchants Energy Trading (CMET) from a sister company China Merchants Hoi Tung. The tanker and oil shipping giant said the move was aimed at ensuring a sustainable supply of fuel oil and other oil products to its fleet. The proposed purchase price is $16 million. China Merchants Energy Trading was established in Singapore in May 2016 and its focus has been trading of marine fuel oil and lubricating oils.... [Read More]
July 1, 2020
Dutch ferry operator Rederij Doeksen said its first liquefied natural gas-powered ferry, Willem Barentsz, will start its service on Friday.... [Read More]

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