Shipping association BIMCO and association for the marine electronics industry CIRM have sent the industry’s first proposal for a standard for software maintenance to the International Maritime Organization (IMO) for consideration.As explained by BIMCO and Comité International Radio-Maritime (CIRM), the goal of the Standard on Software Maintenance of Shipboard Equipment is to make sure software updates happen in a secure and systematic way.This should increase the visibility of the software installed on board, ensure the effective planning of maintenance and ensure effective communication between the different parties involved in maintaining the software. Keeping software up to date is also necessary to minimize hacking and malware problems, according to BIMCO.Without an industry-standard, BIMCO said it sees an increasing risk of severe incidents on ships, delays and costs to shipowners and cyber security problems.“We hope the entire industry will adopt these standards, to make ships safer, to prevent cyber security problems and to save money,” Angus Frew, Secretary General and CEO at BIMCO, said.“The industry has been living in a world of hardware. But software has been integrated into most physical equipment on the vessels, and the systems and procedures to manage the software has not kept up with technical developments, and it creates problems,” he added.BIMCO has seen incidents, where ships for example, suffer complete blackouts and malfunctions in radar and other related systems, as a result of unforeseen difficulties with a software update.Richard Doherty from CIRM (left) and Aron Frank Sørensen from BIMCO (right) congratulate each other after finalizing the text of the standard; Image Courtesy: BIMCOThe standard requires the user to have a complete list of what software versions are currently running on the ship’s equipment and ensures that all equipment can display the current software version. It also means that ships can do a complete roll-back to a previous software version, if an update goes wrong, which will enhance safety.The proposed standard contains an identification of the various roles involved in maintaining software, a procedural flow for maintenance and an outline of the requirements and responsibilities of the five roles.The industry standard was made over a four-year period in collaboration with several parties including BP Shipping, Maersk Line, Emarat Maritime, Kongsberg, Furuno, MAN Diesel & Turbo, Radio Holland, and Sperry Marine.BIMCO and CIRM would like to see the standard become an ISO-standard as ISO has provisionally accepted the proposal. BIMCO expects a work group to complete the standard in 2021.IMO is scheduled to consider the standard at the Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) meeting in February 2018.
South Korean shipping company Hyundai Merchant Marine (HMM) has started its first ‘Ultra-Freezer’ service from Busan, Korea, to Barcelona, Spain.As informed, HMM has become the only ultra-freezer service provider from Korea. Currently, only Maersk Line and CMA CGM provide such services.“This ultra-freezer service will do much to advance HMM’s … technology in reefer container management,” an official from HMM said.Ultra-freezer service refers to transportation of goods in – 60ºC, which are above the limit of regular reefer containers (– 35ºC to -40ºC). High technology and skilled personnel are also needed in the ultra-freezer service, as ultra-freezer containers need to maintain the very low temperature during shifting, loading, and discharging process. Due to such reasons, freight rates of ultra-freezer service are 4 to 8 times higher than regular reefer containers.The company will provide ultra-freezer services on the following routes: Busan (Korea) – Barcelona (Spain), Busan (Korea) – Shimizu (Japan), and Algeciras (Spain) – Yokohama (Japan).Additionally, HMM said it completed its pilot operation of Internet of Things (IoT) technology on reefer containers in August last year. With the IoT technology, cargo status will be checked and managed live on-time. Combining the blockchain technology with the IoT technology will also expand the range of IT system in shipping industry, according to HMM.
Danish shipping company TORM managed to remain profitable in the year ended December 31, 2017, despite a challenging product tanker market.The company’s profit before tax amounted to USD 3 million in 2017, compared to USD -142 million seen in the previous year, while its revenue dropped to USD 657 million from USD 680 million reported in 2016.For the full year 2017, TORM achieved Time Charter Equivalent (TCE) rates of USD 14,621 per day, which were down from USD 16,050 per day reported a year earlier.Despite a healthy consumer-driven demand for refined oil products, the record high clean petroleum product inventory levels globally, which were built up during 2015 and 2016, had a negative impact on the product tanker market in 2017.Inventory drawdown was an overriding theme in 2017, which naturally had a negative impact on product tanker demand. In fact, global stocks of clean petroleum products decreased by a volume equivalent to a loss of potential trade of 4%.“In 2017, TORM continued to execute on its strategic objectives. I am pleased that we were able to grow the fleet through attractively priced vessel acquisitions, complete the US listing in December and finally, in January this year, we raised USD 100 million in new equity for further growth.” Christopher H. Boehringer, Chairman of the Board, said.“Looking ahead, I have confidence in the strength and performance of the TORM platform. With an encouraging market outlook for product tankers, I look forward to reporting on our progress throughout 2018,” Boehringer added.During 2017, TORM acquired six MR resale vessels, two of which were delivered in the third quarter of 2017, and executed newbuilding options for two LR1 vessels for a total consideration of USD 259 million.In addition to the vessel acquisitions, TORM has over the course of 2017 sold five older vessels, including one MR and four Handysize vessels. TORM has also made three sale and leaseback transactions that are treated as financial leases although they have no purchase obligation attached.In December 2017, TORM achieved a milestone by listing its A-shares on NASDAQ in New York. Following the balance sheet date, in January 2018, TORM completed an equity raise of USD 100 million.
Danish shipping and logistics company DFDS closed the acquisition of 98.8% of U.N. Ro-Ro, Turkey’s largest operator of freight ferry routes, on June 7.The transaction was completed earlier than expected, DFDS said, adding that the integration process, which started immediately, is expected to be finalized by the end of the year.“We are now ready to start the integration of U.N. Ro-Ro after having closed the transaction earlier than expected,” Niels Smedegaard, CEO of DFDS, said.“The integration plan has been developed and completed in co-operation with our new colleagues,” Smedegaard added.Additionally, DFDS said that a new business unit named ‘Mediterranean’ will be established comprising all Mediterranean ferry activities, including the existing route between Marseille and Tunis.The existing business unit France & Mediterranean will thus be discontinued and the other route of this business unit between Newhaven and Dieppe will be transferred to the Channel business unit.The acquisition expands DFDS’ route network to include the fast growing transport market between Turkey and EU.U.N. Ro-Ro operates five freight shipping routes connecting Turkey with Italy and France. The company deploys 12 freight ferries with an average age of 11 years. In addition, U.N. Ro-Ro operates two port terminals and also provides intermodal solutions.
The International Marine Contractors Association (IMCA) is responding to the growth of involvement by its members in the marine renewable energy sector by releasing two more toolbox talk prompt guidelines before the year-end.IMCA’s Marine Renewable Energy Committee has already produced and published a toolbox talk prompt guideline for a Crew Transfer Vessel (CTV) deckhand during personnel transfers. The second, on CTV/DP vessel operations, is in preparation.The committee is also developing an IMCA presentation covering the requirements for standardised boat landings and gangway landing areas. This will be used by committee members to inform and influence offshore wind farm developers internationally, IMCA said.IMCA’s Technical Adviser – Marine, Captain Andy Goldsmith, said: “IMCA’s Marine Renewable Energy Committee has been busy responding to the needs of our members in this growing sector. The Committee interacts directly with field developers, suppliers and regulators within the offshore renewable energy sector. It ensures that IMCA represents marine contractors in this sector and that its members use existing IMCA Guidance.”Also scheduled for this year is a revised version of ‘Guidance on the transfer of personnel to and from offshore vessels and structures’ (IMCA M202). The committee is also working with G+ to provide appropriate guidance on the use of immersion suits when transferring to and from vessels at sea.As part of its work programme, the committee has issued a safety flash concerning a collision by a vessel with the working platform on a wind turbine.
Shell approves LNG Canada investmentThe Hague-based LNG giant Shell has taken a final investment decision on LNG Canada, a major liquefied natural gas export project in Kitimat, British Columbia.Russian LNG player Novatek ties up with Germany’s SiemensRussia’s largest independent natural gas producer and LNG operator, Novatek has signed a partnership and cooperation deal with German engineering giant Siemens.Fluor to book $8.4 billion following LNG Canada FIDUS engineering giant Fluor is to book $8.4 billion from its share in the LNG Canada contract following the positive final investment decision announced by the Shell-led project on Tuesday.Egypt stops importing LNGEgypt’s imports of liquefied natural gas are coming to close following the delivery of final cargoes during the past week.Gazprom, Shell ink Baltic LNG pre-FEED agreementRussian giant Gazprom signed a framework agreement with its partner Shell on the joint design concept for the Baltic LNG project. Image courtesy of LNG Canada LNG World News Staff
Beach replenishment operations in Lavallette (NJ) are set to begin December 19, the town officials announced yesterday, following the Council meeting.This was confirmed by the Army Corps, Philadelphia District, which revealed plans for the Lavallette beach works.According to the plans, the current construction estimate is mid December through late April 2019. Weeks Marine hopper dredges, the R.N. Weeks and B.E. Lindholm, will work in tandem to complete the project.The plan is to make the pipe landing near Magee Avenue and first pump North, then flip and pump South.Before the project could begin, the town officials will meet the representatives from the state, USACE and the contractor on December 11 to discuss final preparations for the work.The Lavallette beach replenishment project is part of the 14 mile beachfill and dune construction project along the Barnegat Peninsula also known as “Northern Ocean County” project.Overall, the Northern Ocean County project covers communities of Point Pleasant Beach, Bay Head, Mantoloking, Brick Township, Toms River Township, Lavallette, Seaside Heights, Seaside Park, and Berkeley Township.More than 11 million cubic yards of sand will be dredged from approved borrow areas and pumped through a series of pipes onto the beaches of the municipalities. This will create a dune and berm system designed to reduce potential damages to infrastructure, businesses, and homes that can occur from coastal storm events.For most of the project area, dunes will be built to an elevation of 22 feet. Beaches will be constructed from 100 feet to 300 feet wide and to an elevation of 8.5 feet.
The Technical University of Denmark (DTU), the Norwegian University of Science and Technology (NTNU) and the Norwegian research institute Sintef have further solidified their cooperation in offshore wind with the start of a new joint research center.Photo: SintefThe new center, Nordic Offshore Wind R&I Center – NOWRIC, is expected to develop better and reasonable solutions for offshore wind farms together with the industry.Topics for the collaboration include:Foundations, materials and marine operations;Network connection, system integration and energy storage; andDigitization, operation and maintenance and management system for offshore wind farms.“Offshore wind is an important, environmentally friendly energy source. There has been a fantastic development globally in recent years,” said CEO of Sintef, Alexandra Bech Gjørv.“At the same time, the technology is constantly evolving and continued research and innovation is crucial for us to succeed with more affordable and better solutions. When we further reinforce the connection between DTU’s significant knowledge of wind energy with our Norwegian top mission systems and support for the marine industry, we will be able to contribute significantly to achieving this in cooperation with the industry.”In December 2018, DTU and Sintef signed a Memorandum of Understanding as the first step towards a partnership on offshore wind energy R&D.“For many years, we have had strong research collaboration with NTNU and SINTEF. With this co-operation agreement in offshore wind, we are now establishing a powerful partnership that will be able to deliver research and innovation of the highest quality for the benefit of business and society,” Anders O. Bjarklev, President at DTU, said.
Global Wind Service (GWS) has appointed Chief Commercial Officer (CCO) Michael Høj Olsen as Chief Executive Officer (CEO), effective from today, 19 February.The new CEO succeeded co-founder Lars Petersen who will continue with GWS in the role of CCO responsible for sales and business development.Source: GWS“I am very excited about the opportunity to drive the continued growth and development of GWS, together with all our dedicated colleagues. GWS is a unique company in the wind industry and we take pride in our strong corporate DNA,” said Olsen.“Our ambition to be the preferred global partner for complete wind turbine services remains the same, and we will continue to build on our strengths, always striving to deliver the highest safety and quality standards to our customers across the wind industry.”According to GWS, Olsen held the position of CCO at GWS from 2014, before which he worked at Vestas in marketing roles.“Michael joined GWS in 2014 as Chief Commercial Officer and has played a key role in accelerating our growth and strengthening our commercial setup and customer relationships. Stepping away from the CEO role is a decision that I haven’t taken lightly but the time is now right for me to hand over to Michael,” Petersen said.“At heart, I’m an entrepreneur and GWS needs a new and different set of competencies to take us further on our journey. I remain fully committed to GWS and have great ambitions on behalf of the company. I look forward to developing our commercial business and the close partnership approach we have with all our loyal customers.”
Greece-based dry bulk vessel owner Diana Shipping has signed new time charter contracts for two of its Capesize vessels.The first charter deal was inked with Singapore Marine Pte. Ltd. for the 2010-built M/V New York.The gross charter rate is USD 15,500 per day for a period of minimum seventeen to about nineteen months. The charter commenced on June 7, 2019.The 177,773 dwt bulker previously worked for Hong Kong-based DHL Project & Chartering at a rate of USD 16,000 per day.Moreover, the second Capesize vessel will be chartered out by Diana to Germany’s Oldendorff Carriers.The gross charter rate for the M/V Boston is USD 15,300 per day for a period until minimum April 1, 2021, to maximum June 30, 2021. The charter also began on June 7.Constructed in 2007, the 177,828 dwt Boston earlier worked for Hong Kong’s EGPN Bulk Carrier at a rate of USD 17,000 per day.The employments of New York and Boston are anticipated to generate approximately USD 17.91 million of gross revenue for the minimum scheduled period of the time charters, Diana said.Diana Shipping’s fleet currently comprises 45 dry bulk vessels with a combined carrying capacity of approximately 5.5 million dwt and a weighted average age of 9.26 years.