daily collection of maritime press clippings 2015 –...

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2015 – 275

Distribution : daily to 33.175+ active addresses 01-10-2015

Number 275 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Thursday 01--10-2015

News reports received from readers and Internet News articles copied from various news sites.

The MAERSK LASER inbound for Rotterdam Photo : Cees van der Kooij (c)

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EVENTS, INCIDENTS & OPERATIONS

First life boats and tenders installed on the Koningsdam

Photo’s : Ed van Weijen (c)

Sheringham lifeboat assists coastguard after engine-trouble mystery

A lifeboat from Sheringham was dispatched after a fisherman reported hearing the sound of engine problems coming from a boat at sea. The fisherman alerted the lifeboat personell at around 7.50pm yesterday evening, and a lifeboat and coastguard shore team began investigating. The lifeboat was searching the area from Beeston Hill to West Runton when the coastguard at East Runton reported finding a small inflatable dinghy coming ashore.It turned out the dinghy had suffered engine trouble on its journey from Sheringham to East Runton. Source : Eastern Daily press

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Heerema & The Race of The Classics Young Professionals 2015

From the 13th until the 18th of October 2015, Heerema will participate in the Race of The Classics Young Professionals 2015 (ROTCYP). The ROTCYP is a sailing race in which 680 young professionals from 23 (inter)national companies will compete against each other. If the weather conditions are favourable, the ships will sail to Ipswich and back. In the case of bad weather conditions, the minimum of 200 sailing miles will be reached by sailing, for example, to Zeebrugge, Terschelling or Den Helder, combined with racing elements. The goal of the ROTCYP is to draw attention to the preservation of the original DutchMaritime Heritage. In 2007, the

ROTCYP has established the ‘Klassieke Schepen Fonds’ (a Fund for Classic Ships), which will support the classic sailing ships to preserve the traditional image. As part of the preparation for the ROTCYP, on Saturday the 26th of September Heerema participated in a safety training day at Falck Safety Services in Rotterdam. The goal of this day was to teach the team members how to survive a critical situation iopen water. During this day the team members learned the saf position to jump in the water from a height, how to stay warm in cold water together, how to swim in a safe formation, and ho to draw attention in an emergency situation. This all came together in

a final exercise where the Falck Safety Services trainings centre showed its full potential by simulating a stormy sea with light flashes, high waves and rain. As a surprise, the team also had the opportunity to experience the free fall lifeboat. Not only was the day very instructive, but also a great team building day. This has contributed to everyone’s personal experiences, and made sure the Heerema team is now fully ready to do its utmost best to win the Race of the Classics Young Professionals 2015!

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MES acquires major German gas engineering firm

Mitsui Engineering and Shipbuilding (MES) announced on Sept. 28 that it will transform Germany's TGE Marine AG, which is engaged in such businesses as the design, procurement and construction supervision of pressurized gas tanks and gas handling systems, into a subsidiary. The yard has invested about Y22.1 billion in its move to turn TGE, an engineering firm with a big market share in such fields as the design and procurement of machines for the gas tanks of small / medium-size gas carriers, into a subsidiary in anticipation of the synergistic effects that will be reaped in the businesses in which MES is engaged, such as gas carrier newbuildings, electronically-controlled gas injection diesel engines (ME-GI) and high-pressure compressors for fuel gas supply systems (FGSS).MES is scheduled to acquire a total of 1,209,489 shares (approximately 164 million euros or around Y22.1 billion) of TGE effective Oct. 1 from the latter's main shareholders Caledonia Investments plc, Gasfin Investment S.A. and Dr. Kuver Gbr, a private firm owned by TGE's CEO. The shares will be purchased through the special purpose company MES Germany Beteiligungs GmbH. With the shares, MES will get hold of 99.36% voting power in TGE, thereby turning it into a consolidated subsidiary. TGE undertakes en mass the engineering, procurement and construction supervision (EPCS) of the so-called Type-C pressurized tanks and gas handling systems for small / medium-size gas tankers. It holds a huge market share of more than 50% in the field of small-size LNG carriers and small-size ethylene carriers, and about 30% in the area of LPG carriers. Further, it plans to expand its business to include the design and construction supervision of fuel supply systems for gas-fueled ships and floating storage and regasification units (FSRU) in the future.MES and TGE project a high affinity for technology, design/construction know-how and customer base, and MES has thus positioned TGE as an extremely important element toward the realization of their medium/long-term growth strategies. By building a mutually complementary collaborative relationship between TGE, which excels in the area of gas engineering, and MES, which is a strong player in shipbuilding and equipment fabrication, the two companies will be able to offer seamless services from the upstream to the downstream of gas carrier construction, thereby building a solid position in the global market for small/medium-size gas carriers. Now the positive effects of the acquisition are expected not only in the business of newbuildings, however, as significant synergistic effects are also envisioned in such products as main engines and high-pressure compressors pillared on technology for handling gas fuels, as well as in the sale of gas fuel supply systems owned by TGE. Source : Kaiji Press via Justus Schoemaker Dutch - Japanese Maritime Desk K.K. / www.dujamdesk.com

The YM WINNER outbound from Antwerp bound for Piraeus Photo : Huib Lievense (c)

KILLER PIRATES By Ryan Hamilton-Davis

IN YET another incident of piracy in waters between Trinidad and Tobago and Venezuela, a young fisherman has been killed in a violent attack by Spanish- speaking gunmen off this country’s coastline. Christian Steve Hernandez, a 19-year old Las Cuevas man was shot dead by the pirates early on Monday evening and one of his colleagues remains in hospital in serious condition when he was wounded in the attack. Hernandez was among five men who came face to face with death when they were intercepted by a vessel occupied by eight Spanish-speaking men. While three of the Trinidadian’s dived into the sea to escape a hail of bullets, Hernandez killed and another man, Roger Clement severely wounded, in a serious condition at hospital in Port-of- Spain. Newsday understands that Hernandez, along with Roger Clement 26, Brandon Burnley 25, Isaiah Clement 19, and Leron Samaroo, 29 set out to sea on Monday in their 25-foot pirogue to retrieve some nets from the Hibiscus Platform, a short distance away from Staubles Bay. When they were

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returning, their boat was intercepted by the pirates. The survivors of the ordeal told police the men took them to a dark area near the platform and proceeded to rob them of items including a tool box and then opened fire on them. Hernandez and Roger Clement were shot multiple times, while Burnley, Isaiah Clement, and Samaroo jumped off the boat and hid in the water to avoid their attackers. They emerged from the waves after the pirates sailed off and took their injured colleagues, to Staubles Bay. They arrived on land at about 6 pm on Monday where a Medical Officer declared Hernandez dead on arrival and sought to stabilise the wounded Clement who was transferred to the St James Infirmary. The three survivors of the ordeal are now in the care of police officers, assisting with the investigation. Relatives of Hernandez, who gathered yesterday outside the Forensic Science Centre in St James awaiting his autopsy report, told reporters that the young man was one of six children. “I didn’t even know how to tell my mother when I found out,” a sister of the deceased said. “I called my brother and told him about it but he also didn’t know how to tell our mother.” The man’s sister told reporters Hernandez grew up close to the water in Las Cuevas and learned to fish from a young age. He was described by his family as a quiet yet friendly person. Yesterday’s incident was the second death at the hands of Spanish- speaking bandits in waters off Trinidad for this month. Marcus Haniff, 23, was killed during a fishing expedition in the Gulf of Paria on September 19. Newsday understands that Haniff along with Edward Charles and Lennox Charles, all from the Erin area left the Moruga fishing port and were at sea when four armed men pulled up alongside them. The pirates took their boat engine and all their valuables, before ordering Haniff and his fisherman friends to jump into the ocean. Shots were fired behind the group of men and Haniff, who was a non-swimmer, disappeared. When the pirates left, the group of men searched the area for Haniff, but could not find his body. Relatives and police presume Haniff drowned. His body has not yet been recovered. In another incident involving pirates, five Venezuelans were killed by members of the Guardia Nacionale a few weeks ago while they were in search of two Trinidad and Tobago fishermen, Shawn Madoo and Vishal Ramlochan, who were missing since early July.The Venezuelan military was reported to be pursuing investigations related to the kidnapping which was reported to the Venezuelan security including the judicial police in early July. The Trinidad and Tobago fishermen, whose ages were given as 25 and 28 respectively, were said to have been attacked by pirates near a location known as Ducks Island, off the coast of Sucre state. A Venezuelan newspaper reported that following the kidnapping, the men’s family in Trinidad received communication demanding payment of US $10,000 for each of the men. There has been no word from either Trinidad and Tobago police or the Venezuelan authorities on the fate of those two fishermen. Sgt Harvey is continuing investigations into Monday’s incident. Source : Newsday

Temasek International appoints Chief Executive Officer

As part of Temasek’s evolution as an active investor, Temasek International (“TI”) was formed in 2011 as the wholly owned management arm of Temasek, to manage and build our capabilities in anticipation of a growing and increasingly global portfolio. All Temasek staff, except for the Chief Executive Officer and Chief Financial Officer of Temasek, were transferred to TI in 2011, in line with global best practices of international investment companies. TI management and staff are entrusted to support Temasek in achieving its corporate and business objectives. Mr Lee Theng Kiat, President, TI, shall be appointed Chief Executive Officer, TI, with effect from 1 October 2015.As CEO of TI, Mr Lee will be responsible for Temasek’s role as an active investor and shareholder. He will oversee Temasek’s commercial strategies and portfolio, and build up the management and operational capabilities at TI to support the next phase of Temasek’s development and deliver sustainable long term returns.Ms Ho Ching, who will return from her part-time sabbatical in late October, remains as Executive Director and Chief Executive Officer of Temasek.

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Temasek’s portfolio has more than doubled from S$103 billion in 2005, and grew from S$193 billion in 2011, to reach S$266 billion as at 31 March 2015. Its portfolio, anchored in Asia, has delivered a one-year total shareholder return of over 19% as at 31 March 2015. Source : Portnews

The MAERSK GIANT towed by MAERSK LASER inbound fot Keppel Verolme

Photo : Monique Davis-Mulder, (c)

IRS PERFORMANCE SECURES ZERO DETENTION RATING WITH UNITED STATES COASTGUARD

The United States Coastguard has placed IRS in the top bracket of those recognised organisations (RO) that consistently achieve zero detentions for its registered vessels for the third time in just six years.IRS’ strong performance reported by the USCG in its Annual Report 2014 follows the successful completion of performance audits by the Tokyo Memorandum of Understanding and the Panama government. IRS passed the Panama audit without any major non-conformances or the need for a follow-up audit, placing the classification society amongst leading industry ROs, including the American Bureau of Shipping, Lloyd’s Register and DNV GL.The United States Coastguard (USCG) conducted its lowest number of safety exams in 2014 but reported that the number of detentions for environmental protection and safety related deficiencies had slowly increased in the past four years. The largest number of ship detentions comprised bulk carriers followed by containerships with ISM related issues heading the list of safety deficiency types closely followed by MARPOL and fire-fighting appliances.IRS Member of Board of Directors Panos Kirnidis is delighted with the report: “The United States Coastguard is one of the world’s most active and stringent maritime authorities and for IRS to achieve zero detentions in its latest annual report is a real testament to our dedication and professional operations. Over the past few years we have made significant investments in systems and processes to improve the service we offer to ships in the IRS fleet. We understand the importance of performance and safety and this is borne out by this latest USCG report.”In the report, Rear Admiral Paul F. Thomas of the USCG said: “We found a major factor for the detention increase is the intentional deviation from compliance from MARPOL Annex 1 requirements. As we move forward, I will continue to look for owners, operators, crews, flags, and class societies to make it a goal to eradicate such unsafe practices. I appreciate those vessel owners and operators who remain committed to fostering a culture of safety and security on their vessels, and I look forward to continued improvement in the future.”Kirnidis stated that IRS management wholeheartedly supports the drive to ensure registered vessels and class societies work in harmony on these issues. “Our objective has always been to work closely with our owners and other stakeholders, especially port state and flag state authorities. We actively participate in all MOU meetings, and recently attended the Caribbean Memorandum of Understanding on Port State Control’s 20th Committee meeting in June, where we presented a paper to the committee on the impact of amendments to the RO Code, which entered



into force in January 2015.“We do not just sit back and rest on the laurels of complacency; we strive to eradicate substandard shipping and to ensure IRS will be zero rated with all MOUs,” he said.

CELEBRUTY SILHOUETTE anchored off Leith, this is a fairly new area for ships of this size to anchor. Passengers are brought ashore by tender to the small harbour at Newhaven on this particular day the wind was very strong and the passengers were kept onboard. A few key facts, inaugural date July 2011, tonnage 122,400grt, length 1,047ft, occupancy 2,886, cruising speed 24kts, 1,244 crew, Maltese Flag, and operated by Celebrity Cruises Miami, Florida. Inchkieth Light can be seen in the background. Photo : Iain Forsyth (c)

South Africa Registers First Vessel in 30 Years For more than 30 years, the South African Maritime Safety Authority (SAMSA) has not had a registered vessel. The M/V Cape Orchid, a bulk carrier, is its first vessel registered since 1985. While South African imports $102 billion and exports $97 billion each year, the Cape Orchid is the country’s first registered vessel and is currently transporting iron ore from Saldanha Bay to China. The 172,600-dwt bulker is owned by Vuka Marine, which is a joint venture between South Africa’s Via Maritime Holdings and Japan-based K-Line. South Africa will also soon register the Cape Enterprise, a 185,900 dwt vessel, which is also owned by K-Line during next few weeks. The SAMSA and the South African Department of Transport hope that Vuka Marine’s registration will l encourage other vessel operators join the nation’s flag registry. More than 12,000 foreign flagged ships call South Africa each year, which is the gateway for African trade.South Africans own about 19 vessels including three petroleum tankers, which are all registered in foreign countries. The country’s key ports are Cape Town, Durban, Port Elizabeth, Richards Bay, and Saldanha Bay. Its prime container port is Durban, which handled about 2,712,975 boxes last year. Source : MAREX

Sailors’ Society expands its global port chaplaincy network

Seafarers and their families to benefit from maritime charity’s enhanced welfare provision

On 1 September the latest additions to Sailors’ Society increasing flotilla of port chaplains began working for the charity in the ports of Itaguai in Brazil and Kandla in India. As port chaplains, Eduardo da Silva and Rajan Pillai will provide practical, spiritual and emotional support to seafarers and their families.

Sandra Welch, Sailors’ Society’s Director of Programme, said: “We are delighted to have Eduardo join our team of chaplains in Brazil and Rajan our team in India. They both come with a wealth of experience, and are extremely passionate about port chaplaincy and working to make a difference to seafarers’ lives.’ Eduardo’s appointment is the latest move in Sailors’ Society’s five-year expansion and development plan in Brazil, which commenced in 2010 after the charity’s study in conjunction with Clarksons Research to identify

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ports where there are few or no welfare services available to seafarers. The results highlighted the severe need for support for seafarers in several ports in Brazil and, in the past year alone, Sailors’ Society has increased its number of port chaplains in Brazil from five to nine in response to these findings.In addition, since January 2015 the maritime welfare charity has increased its staff in Africa and Asia to further the charity’s sphere of provision and support for seafarers and their families.

Sandra explained: “We recognise that there are still many regions without support throughout the world and are keen to research and keep our ear to the ground so that we place port chaplaincy provision where the need is greatest.” Other recent appointments include Leta Mavomba and Azarias Muchanga, to the ports of Nacala and Maputo, Mozambique, and Edward Gbe in Monrovia, Liberia. These areas see higher rates of piracy and the chaplains are well placed to support the charity’s sub-Saharan Africa Crisis Response Centre as well as their daily chaplaincy activities. This year also saw David See appointed as the Society’s first port chaplain in Singapore, one of the world’s busiest ports. Sailors’ Society currently reaches out to around 310,000 seafarers each year. These recent appointments mean that thousands more should benefit from port chaplaincy support. For more information on Sailors’ Society and its work, visit www.sailors-society.org

29-09-2015 : NORWEGIAN JEWEL outbound in Vancouver harbour the NORWEGIAN JEWEL is the last cruise

ship for the 2015 Alaska cruise season source: photo : ROBERT ETCHELL

Carnival cruise line to base ships in Australia Carnival Australia CEO Ann Sherry with executive chef Nilo Palmer at Circular Quay in Sydney. Picture: Bob Barker. Source: News Corp Australia American cruise line Carnival Corporation will base nearly one-quarter of its global fleet in Australia from today, which heralds the start of the nation’s largest summer cruising season.Twenty-two Carnival Australia cruise ships, including Princess Cruises, Seabourn and P&O lines, will sail local waters this summer, carrying more than 530,000 guests and contributing an estimated $4 billion to the economy.According to veteran Carnival boss Ann Sherry, cruising is growing fastest in China and Australia.However, rival line Royal Caribbean Cruises’ Australian boss, Gavin Smith, said the industry was still hampered by Sydney’s lack of port facilities and flagged yesterday that the state government was looking at a number of alternatives to the overbooked overseas passenger terminal at Circular Quay and alternative cruise terminal at White Bay.“Sydney Ports are certainly increasing the tempo of discussions about assisting with a longer-term solution, but in the absence of a decision about Garden Island we will be berthing outside Sydney Harbour,” Mr Smith said.“(However) Sydney Ports is also talking about a permanent pontoon adjacent to Taronga Park Zoo and we would bring passengers ashore by ferry.”RCC also plans to visit Port Kembla, south of Sydney, from next October and is seriously considering the port for the 2018-2019 summer, enabling it to extend the summer cruising season.RCC’s cruising season starts next week with the arrival of the 2500-passenger Radiance of the Seas, which is scheduled to make 95 calls to Sydney this cruising season. Seven cruise ships or about 20 per cent of RCC’s global fleet will be based in Australia, with four ships based in Sydney, one in Brisbane and two floating between various Australian ports. “The forward bookings for the summer are significantly ahead of last year. We are looking for growth, season on season, of about 30 per cent and we are well on track to achieve that growth,” Mr Smith said. “Business is looking very strong through to the end of January but there are volume challenges in February and March. There are a lot of beds in the market in February and March and that will be the battleground of

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the coming summer season.”Although Carnival has 22 cruise ships operating versus RCC’s seven, Mr Smith said the future of the cruise industry was profitable ship operation and not necessarily volume.He said one call by RCC’s 4000-passenger Voyager of the Seas was equivalent to 3½ calls by the smaller Carnival ships, such as Aria and Eden. Carnival boss Ann Sherry, attending the arrival of Diamond Princess in Sydney yesterday, said celebrity chef Curtis Stone had joined forces with the Princess line signing a partnership to roll out his food across the group’s 18-ship fleet. Ms Sherry said cruising was particularly popular with Australians because costs were all inclusive. “You pay for most of it upfront and then you can manage the additional spend you have on board. We sell in Australian dollars so there is no currency risk.” Source: theaustralian

De bulker THOR DYNAMIC inkomend voor ICL Noordzeekanaal. Photo : Erwin Wilemse (c)

Hellas: Ship owners keep on piling second hand vessels on attractive pricing

Ship owners from Hellas have been investing heavily in the market for second hand vessels over the course of the past couple of months, as they’re looking to exploit attractive pricing opportunities, hunting down distressed asset sales. As such, according to data compiled from shipbroker Golden Destiny, during August alone, owners from Greece acquired 33 vessels with a dwt of 2,936,125 tons, for a total price of $658,950,000. Worldwide, a total of 146 vessels were traded for an aggregate price of $3.5 billion. As such, the Greeks were responsible for 23% of the total S&P activity. The most sought after vessel type were dry bulk carriers, as Greeks acquired 21 ships of 1.93 million tons for a total of $388.4 million. They also invested $250.4 million for the acquisition of 10 tankers of 908,977 tons. They also bought two container ships for $20.1 million. These numbers represent an increase of 50% over the same month of last year

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and an increase of 10% versus July, as more investment opportunities became apparent during the last month of the summer.In fact, this trend has kept on building momentum during the month of September as well, with various moves. According to various reports, Sea Traders, the dry bulk arm of ship owner George Prokopiou, appeared to be behind the acquisition of eight Chinese bulkers sold in auction. Prokopiou bidded $68 million for the vessels, five of which are of 57,000-tons and three of 79,000 tons. All vessels have been built by Chinese yards during the 2010-2011 period. Antony Komninos has also been active in the dry bulk market during September. His company, Target Marine, appears to have bought a bulker Panamax duo from Torm for about $18 million. Both vessels, “Torm Bornholm” and “Torm Anholt” were built in 2004 in Japan.vMeanwhile, in its latest weekly report, shipbroker Allied Shipbroking noted that “the combination of softening newbuilding prices and demo prices still able to hold their ground fairly well, has started to create a reversal on the previously widened gap between newbuilding, modern and older aged vessels, allowing for a slight rebalancing, while for the moment this rebalancing has been skewed towards the upper side of the price mark. This is in part by a more optimistic approach towards the secondhand vessels on offer, their recent earnings and all this against the historical lows their values had reached during the summermonths.. On the tanker side, things are still in a correcting phase, with buyers seemingly in fright of the more moderate performance of the freight market in recent weeks and still “scared” of the number of “shaky” aspects, while others have also chosen to take up the newbuilding option thanks to the narrow price difference that is currently on offer”.Finally, in the demolition market, Allied noted that “there was a little shack up in the demo market this week with some weakening noted in terms of prices as there was a tightening in buy-ers’ interest and a waning in the amount of speculation that had been noted during the past weeks. This seemed to have been a prime op-portunity for Chinese breakers to close the gap that had been created during since the start of July. It seems however that the lack of demo candidates has proved to be crucial at this stage in keeping prices fair-ly buoyant for the moment. On the counter to this, you still have the downward pressure brought on by the low commodity prices and the lack in demand growth for steel products. This week we also wit-nessed a negative shift in exchange rates for the Rupee which likely took the “wind out” of any speculative hopefuls. Beyond all this how-ever it looks as though the market has found some sort of balance, especially when compared to what we were seeing several weeks back and it looks as though the Indian Sub-Continent will be bouncing around at the USD 300’s range for the near term. What is of concern now is the growing influence of pricing committees which will ever try ever more to place a cap on speculative buying and decrease competition”, the shipbroker concluded. Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide

Drillship Deepsea Metro II spotted offshore Boca Sami Curacao. Photo : Kees Kuyper (c)

PALAU SHIP REGISTRY EXPANSION STRENGTHENS ASIAN PRESENCE

The Palau International Ship Registry (PISR) has opened three new offices in Asia as it pushes ahead with an ambitious growth strategy intended to place the Palau flag as the region’s foremost ship register. PISR already has offices in Singapore, Shanghai, Guangzhou and Fuzhou-China, but newly opened offices now in Qingdao and Dalian, China, and Tainan, Taiwan fortify the register’s position across the Asia-Pacific region. Commenting on the register’s stellar trajectory, Honorary Consul and Strategic adviser on ship registry to PISR, Julian Padilla, said: “The organic growth experienced in just four years of operation is testament to the expertise of our staff in being able to deliver



reliable, quality registration services to a growing customer base. This growth is demonstrative of the deep understanding of the operational and technical complexities our global teams have in the maritime industry which allows us to offer owners a less complicated but exhaustive portfolio of ship registration services.”Jai Acharya, PISR’s newly appointed Regional Head of Business Development, Southeast Asia, said: “The new offices and the appointment of executive officers with a demonstrable track record and experience in international shipping and registry procedures enhance the profile and capabilities of PISR, not only in the Far East but across the globe. We have experienced a significant increase in the number of ships registered to the PISR fleet and believe expansion in the most prominent ports in Asia will drive further growth. Lana Zhao, Deputy Registrar of PISR (Qingdao), added: “PISR’s expansion programme is indicative of the changing seascape and the growing number of Chinese shipowners now operating in the global market. With the opening of these new offices, PISR now has a presence in all the major maritime hubs across the Asia-Pacific region capable of providing guidance on all aspects of ship registration, documentation and compliance.”Kristina Xuan, Regional Head of Business Development for mainland China and Taiwan, said: “With China’s rise in both international finance and shipping, it makes sense for PISR to have a strong presence in the country. Having a world class ship registry offering its services from five key locations in China makes sense for us and our customers.”Speaking of the importance of a PISR office in Taiwan, PISR technical adviser Tim Ho, a former manager with classification society DNV, Taiwan, said: “Some of the world’s leading container carriers are based in Taiwan, and the country’s shipbuilding sector is set to become the third largest supplier of container vessels in the 1000 to 10 000TEU range, so to have an office here will be a considerable benefit to ship builders and ship owners alike.”Xuan added: “Since the establishment of the registry in 2010 there has been a concerted drive to become a world class White List registry. With our industry expertise, efficient documentation, knowledgeable advice and quality of inspections across all vessels under the Palau flag, we can meet our objective of being a ‘clean’ flag in all aspects of vessel registration. We are pushing ahead with expansion plans to cover the major global shipping markets.”Indicative of PISR’s reputation as a quality flag, the register last month was accepted as an Associate Member of shipowner organisation BIMCO and invited to speak at its 3rd International Ship Finance Summit, which takes place in Shanghai next month.

Frontline looking to de-list London shares By : Kari Reinikainen

Frontline, the Suezmax and VLCC operator in John Fredriksen's business empire, says it will seek de-listing of its shares on the London Stock Exchange due to low volume of trade in them."The company believes that, given the limited liquidity of the ordinary shares, the costs and administrative burden of maintaining the listing on the official list and admission to trading on the main market are disproportionate to the benefits thereof," Frontline said in a statement.The delisting will take effect on 2 November, it sai Shares in the company became

listed in London at the turn of the millennium, when it acquired London & Overseas Tankers: a Suezmax tanker company that was listed there. Frontline remains listed on the Oslo and New York stock exchanges. Source: ihsmaritime360

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Global Maritime Technology Cooperation Centre Network concept mooted at Joint IMO-Singapore Future-Ready Shipping conference

The joint IMO-Singapore International Conference on Maritime Technology Transfer and Capacity Building discussed the current state of green ship technology and debated new ways in which capacity building and technology transfer in the maritime field could be promoted. The concept of a global network of maritime technology cooperation centres to accelerate capacity building and technology transfer in the maritime field was one proposal discussed during the two-day inaugural Future-Ready Shipping 2015 Conference, a joint IMO-Singapore International Conference on Maritime Technology Transfer and Capacity Building, held in Singapore on 28-29 September 2015. With strong private- and public-sector engagement, such a global network could act as a sustainable institutional framework to catalyze capacity building and technology transfer, delegates to the conference agreed during a break out session. Another idea floated at the conference looked at the possibility of using domestic shipping in developing countries to demonstrate new technologies and to gain experience, thus acting as a pull factor for technology transfer. It was also noted that the knowledge gap and readiness of maritime companies to effectively deploy new technologies could be addressed through the use of testing facilities, such as the "Maritime Energy Test Bed" at Singapore's Nanyang Technological University. Beyond the “hardware” aspect, the conference also noted that seafarers should have a greater voice in initiatives to improve ships’ energy efficiency.Some 200 maritime leaders and professionals attended the conference, which kick-started a global dialogue on removing barriers to energy-efficiency technologies and measures. Discussions focused on how these efforts might be accelerated. IMO’s regulations on energy efficiency of international shipping include a requirement for States to support each other through capacity building and technology transfer.Speakers to the conference gave presentations spanning the entire spectrum of technology development, technology transfer and capacity building as well as policy, economic and regulatory developments. The speakers shared on the creation of enabling environments; the current state of green ship technology and what might be expected in the future; and how to continue to promote and sustain capacity building and technology cooperation.The conference was organized within the framework of the GEF-IMO-UNDP Global Maritime Energy Efficiency Partnerships Project (GloMEEP Project), which was launched during the conference. The establishment of a global network of maritime technology cooperation centres is an idea which could be further developed at IMO or under the GloMEEP umbrella.“This was an excellent opportunity for a dialogue among a wide range of stakeholders. I sincerely hope that the dialogue we initiated here will continue so that ships, and shipping, are future-ready,” said Dr Stefan Micallef, Director, Marine Environment Division, IMO, at the close of the conference. Noting the timing of the conference relative to the United Nations Climate Change Conference, to be held in Paris in November-December, Mr. Micallef said: “This Joint IMO-Singapore Conference could not have come at a better time. It has illustrated that IMO and the maritime sector stand ready to support the global community to achieve its goals to address climate change that will be set in Paris later this year.” Speaking at the opening of the conference, IMO Secretary-General Koji Sekimizu said that it was important to understand the concept of technology transfer as actions of cooperation and partnership and not just a purely commercial transaction between developed and developing countries.“My message to this Conference is three-fold. First, it is critically important to develop global partnership and networking mechanisms to accelerate cooperation in maritime technology transfer. Second, it is important to institutionalise the technology transfer and capacity building effort to meet the unique needs of maritime industry – the most international industry of all; and third, Government and industry leaders need to support this concept and to contribute to building this global partnership and network,” Mr. Sekimizu said. Mr. Andrew Tan, Chief Executive, Maritime and Port Authority of Singapore, pledged his country’s support for this process. “Climate change is one of the most significant threats facing the world today. Singapore is committed to be an integral part of IMO’s process to encourage the deployment and diffusion of environmentally-friendly ship technologies. We will continue to support platforms like Future-Ready Shipping 2015 where maritime leaders and professionals can gather to explore feasible, scalable and practical approaches to a more energy-efficient and low-carbon shipping. Working together, MPA and IMO will ensure strong pillars are in place within the maritime community to carry out global efforts in addressing ships’ greenhouse gas emissions,” Mr. Tan said.

IMO mandatory energy efficiency measures Mandatory technical and operational energy-efficiency measures were adopted by Parties to Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) in July 2011 and they entered into force on 1 January 2013. These regulations make mandatory the Energy Efficiency Design Index (EEDI) for certain types of



new ships, and the Ship Energy Efficiency Management Plan (SEEMP) for all ships. Since the entry into force of the regulations on energy efficiency for ships in 2013, further work has been undertaken to extend the scope of application of the EEDI to include several additional ship types, to further develop guidelines to support uniform implementation, and to promote technology transfer.In 2013, IMO adopted a Resolution (MEPC.229(65)) on Promotion of Technical Co-operation and Transfer of Technology relating to the Improvement of Energy Efficiency of Ships, which, among other things, requests the Organization, through its various programmes, to provide technical assistance to Member States to enable cooperation in the transfer of energy efficient technologies to developing countries in particular; and further assist in the sourcing of funding for capacity building and support to States, in particular developing States, which have requested technology transfer.IMO’s third study on greenhouse gas emissions from ships (2014) estimates that international shipping emitted 796 million tonnes of carbon dioxide (CO2) in 2012, down from 885 million tonnes in 2007. This represented 2.2% of the global emissions of CO2 in 2012, down from 2.8% in 2007. However, the study’s “business as usual” scenarios forecast a growth in CO2 emissions for international maritime transport of between 50% to 250% in the period to 2050, depending on future economic and energy developments.

WSS LAUNCHES OIL RIG SUPPORT OPERATION FOR ASIA OFFSHORE

Wilhelmsen Ships Service announced Frank Liang has been named Regional Offshore Manager Asia, tasked with building the company’s business with rig contractors. While Liang acknowledges that low oil prices have slowed offshore production in the region, he notes that rig contractors are under increasing pressure to improve services and reduce costs. “The scale and scope of our offering and global network puts WSS in a strong position to attract new customers,” he says. “We have also identified areas where we can easily create bespoke solutions to meet the specific demands of individual rig customers.” Liang will also work closely with WSS’ global offshore team, which works with the top 18 rig contractors in the world, and coordinate with other Regional Directors to help standardise WSS product and service offerings. “The leading contractors serve about 60 per cent of the world’s rigs, so represent a critical part of our business going forward,” he explains. “We will also target smaller contractors serving rigs here in Asia.”Liang

has moved quickly to get to know his sales staff and share his ideas. In late July, he hosted a two-day offshore conference in Singapore, bringing together about 30 account managers, sales managers and product managers in the Asia Pacific region for training.“Our goal was to introduce the specific risk factors and business strategies use to target the offshore market,” Liang said. “We are confident that by working more closely with our colleagues in other regions and departments to align our services, we will be in a stronger position when the rig market improves.” Wilhelmsen Ships Service is a leading provider of recognised products and services to the maritime and offshore industries. This includes safety products and services, Unitor marine products, Unitor and Nalfleet marine chemicals, maritime logistics and ships agency. These standardised product brands and service solutions are backed up by an unparalleled global service organisation to meet your requirements for quality, availability and performance. We are part of Wilhelmsen Maritime Services AS, a Wilh. Wilhelmsen group company. Source : Breakbulk

Court auctions Fu Lai Deng Shipping bulker to pay crew wages

Shanghai Maritime Court has sold a 28,789dwt bulker owned by Wenzhou-based Fu Lai Deng Shipping via auction in order to resolve a salary dispute between the company and its crew. About 30 crew members working for Fu Lai Deng Shipping filed a lawsuit against the company at the court in February this year, demanding the company pay salary owed to them for almost a year. Shanghai Maritime Court ruled the company to pay the salaries, however Fu Lai Deng



Shipping failed to execute the order. The court then decided to enforce the ruling through vessel detention and auction. The crew have now all been paid. Source: Splash 24/7

Hyperdynamics to Present at IPAA's Oil & Gas Investment Symposium on October 6, 2015

Hyperdynamics Corporation announced that Ray Leonard, President and Chief Executive Officer, will present at IPAA's Oil & Gas Investment Symposium in San Francisco on Tuesday, October 6, 2015.Hyperdynamics' presentation at the conference will be webcast live at 10:40 a.m. Pacific Time (1:40 p.m. Eastern Time). To listen to the audio webcast and view accompanying presentation materials, visit the Investor Relations section of Hyperdynamics' website at www.hyperdynamics.com . A replay of the webcast will be archived on the site shortly after the presentation concludes. Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. For more information, please visit : http://www.hyperdynamics.com

TOS awarded Van Oord crewing frame agreement

TOS (Transport & Offshore Services) has been awarded a three year frame agreement as a preferred supplier for personnel with Van Oord, a leading contractor for dredging, marine engineering and offshore energy projects (oil, gas and wind). This agreement marks a milestone for TOS in its drive to build on its expertise and growth in the energy & maritime manpower business. The contract will be managed from its headquarters in Rotterdam and

will involve ad-hoc and project-based assignments for offshore crew, maritime crew and construction crew. Wilko Kok, Manager Fleet Ship Management Department: ‘This process of engaging in long-term contracts with crew suppliers was driven by efficiency and quality; achieving more with fewer suppliers and choosing to work with the right suppliers. Based on what we’ve observed throughout the extensive tender process, we trust TOS will be able to live up to our expectations. We are looking forward to our cooperation.’TOS, with offices and joint ventures worldwide, is able to draw on its almost 25-year history within the maritime, offshore and energy sector to provide effective personnel solutions to meet the needs of its clients. Marleen Stuurman, Executive Manager Operations, said: ’I’m glad to be able to announce that we have been awarded this crewing frame agreement. The fact that we have been selected as a

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preferred supplier reflects our continuous focus on quality, expertise and adding value to our clients’ operations. Extending our crewing and management offer is our top priority, so this agreement is strategically significant for the business.’

In plaats van de KOOS VAN MESSEL gaat de Nh1816 gealarmeerd voor vaartuig drift naar buiten

Photo : KNRM Station IJmuiden ©

MAN Alpha FP Kappel Design Launches 58,500-dwt Bulker into Fuel-Saving Future

Fixed pitch propeller delivers excellent results in service One of the first commercial applications of MAN Diesel & Turbo’s new MAN Alpha Kappel FP propeller took place off the coast of China recently when the ‘Elsabeth C’, a 58,500-dwt Supramax bulk carrier owned by Frontmarine Co. Ltd – an affiliated and managed company of Lemissoler Navigation Co. Ltd., the Cypriot ship management group –

successfully completed its sea trials. The newbuilding is the first in a series of eight sister-ships, all featuring single MAN B&W 5S60ME-C8.2 engines with an SMCR 8050 kW @ 89 rpm. The Elsabeth C’s sister ship, ‘Mirela’, the second in the series, has since successfully completed its own sea trials.Lemissoler reports that the Kappel propeller offers significant fuel savings compared to conventional propellers and, together with the new vessels’ design and lines as well as the silyl acrylate antifouling paint, contributed to the favourable results from the first two vessels’ sea trials. It reports that both vessels consumed an average 23 mtns per day at a speed of about 14.2 knots in ballast conditions during the trials. The Elsabeth C also performed a successful crash-stop test that was notable for its lack of noise

and vibration.Thomas Leander, Head of Propulsion – PrimeServ Four-Stroke – Denmark, said: “A key point during the design stage was to address the problem experienced by similar vessels that experience an overly-small light running margin (LRM). Therefore, MAN Diesel & Turbo recently introduced new light running margins for all FP propellers and two-stroke engines of 4-10%. Furthermore, the propeller layout for these 58,500-dwt vessels is 3-4% higher than normally applied to these vessel types. In doing so, MAN Diesel & Turbo has managed to ensure safe and reliable operation, while improving the vessel’s efficiency and manoeuvrability during its entire lifetime.” The MAN Alpha Kappel propeller optimisation has been carried out based on the stern and wake field for the newly designed 58,500-dwt vessel, with a 58,500-dwt stock propeller. The Elsabeth C and Mirela were constructed by New Times Shipbuilding Co. Ltd, Jiangsu, China and are



scheduled for delivery in September 2015. The remaining sisters are scheduled for delivery over the following 12 months. This series of vessels was specifically designed to have the largest carrying capacity and greatest efficiency of any vessel within the 190-metre LOA range. Over the years Lemissoler has become a diversified shipping group with activities in the business fields of liner shipping, ship owning and ship management. The group is based in Limassol, Cyprus and is represented globally through a broad network of offices.

Rise of the megaship brings huge casualty risks An alert on the future of shipping casualties concerning ultra large ships under construction and already at sea has been raised at the first Mare Forum Shipping Summit held in Monaco by Nick Sloane, head of Sloane Marine and a member of the Lloyd’s panel of special casualty representatives. The Costa Concordia’s salvage master focused his speech on the risks emerging from the new ultra large containerships with 20,000 teu capacity and very large ore carriers carrying more than 400,000 tons of dry bulk cargo. In particular Sloane, mentioning MSC Rena’s accident off the coast of Tauranga in New Zealand with the consequent oil spill, emphasised the concept that “the bunker capacity of the latest generation of ultra large ships exceeds 5,000 tons of fuel and it’s like having a small product tanker onboard”.Then Sloane highlighted the relationship between ship safety and market returns for shipping companies saying that: “As long as rates for shipping remain low, owners shall have to reduce costs, focusing on spares and crew costings, while shippers have to cut corners to offer attractive rates for support services and the risks for global shipping on the high seas will remain” Costa Concordia’s salvage master considers the LNG/LPG and cruise ships as exceptions because, he said, they are not seeing these tight margins. Source : Splash 24/7

Mega-ships accidents pose risks to supply chains, shippers, insurers

By: Raymond P. Hayden, partner at Hill Rivkins LLP

Dealing with a container ship incident has gone from a puzzling and troubling situation, to one that can be fairly described as an absolute catastrophe as they continue to grow in size. Cargo interests require a time-consuming and costly resuscitation following a serious container ship casualty that can hit both supply chains and bottom lines. In order to fill mega-ships carriers must operate with several slot charterers cargo or alliance cargo and shippers are often unaware that while they may be shipping their cargo with various lines, those different lines may be placing their cargo on the same mega-ship. This creates problems in the supply chain when an issue arises during a voyage and a long delay occurs. It can also cause serious problems cargo owners with their underwriters when a casualty arises as they have unwittingly accumulated a value above their open cargo policy limits.While lowering the cost of shipping, mega-ships can cause serious problems for shippers if there is an accident. When a mega-ship has an accident outside of one of its normal scheduled ports, the situation can become disastrous very quickly because on many long-haul crossings for which mega-ships were designed, there are at times no ports which can handle a mega-ship or an accident involving one. Most ports have insufficient water, tugs, cranes, yard facilities, and emergency response mechanisms to handle a mega-ship or its containers. Salvors retained to assist any ship in trouble, be they on a contract or Lloyd’s open form basis, often expend days arranging for equipment and travel they can reach the scene. They must then find a port with adequate facilities. Assuming no cargo damage has occurred, the arrival of the cargo at the designated port of discharge could be delayed by weeks. Another risk to supply chains is the refusal of ports or

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nations to allow a ship to take refuge if its cargoes are hazardous. The 6,750 twenty-foot-equivalent unit Flaminia, a relatively small container ship sustained a fire and then spent 60 days under tow by salvors as Ireland, England, Spain, Portugal, France, Holland and Belgium all denied it entry over pollution fears. Thus, the delay can be extraordinary for the supply chain. In many instances, additional delays are incurred while awaiting to make arrangements with general average, bonds, etc., and it takes an inordinate amount of time to arrange general average security on a mega-ship. You need a first class underwriter with the capabilities of providing, proper general average information and guarantees and it requires information to be collected not only by the non-vessel operator or the freight forwarder but also by the shipper and its cargo's insurance broker.Add to this that salvors admit they are not prepared to cope with mega-ships. Incidents of this nature could easily delay your cargo and disrupt your supply chain for several months. Because of the cost of the extensive salvage assistance if your cargo survived, when general average is declared it would not be unusual to see salvage claims and general average claims equaling a large percentage of cargo’s value. The cargo that survives a casualty might not get delivered for weeks, if not months. Cargo underwriters do not ordinarily pay for delay.We have seen instances where, when an explosion has occurred and unknown dangerous goods shipments may be involved, ports are denying entry to the vessel even when salvors have brought the fire or explosion under control. They fear that allowing entrance to their harbors could cause a serious pollution incident. We only have to look to the results of serious incidents in the past to understand what State Port Control Authorities can do. Remember the Prestige, while not a container vessel, it is an example of what State Port Control can do. Spain refused to allow the distressed vessel to enter one of its ports and thereafter the Prestige broke in half, sank and caused enormous coastal pollution.We more recently had the Maritime Maisie, not a container ship, but a chemical tanker involved in a collision off Korea about a year ago that sustained a fire. There the Korean authorities refused to allow the vessel to be towed into port and it drifted off Korea and the Japanese Islands in excess of 90 days (Dec. 27th - April 14th) before the Korean authorities were convinced that the vessel could be allowed to be brought into port and safely discharge, or, we can take the all denied entry for the vessel for fear that the vessel might break in half and/or pollute their coastal waters due to the numerous dangerous shipments that were reportedly on board. We might add the Flaminia was a small ship carrying only 2,800 containers. What would happen if an incident of the nature of the Flaminia occurred on a container ship of 20,000 TEUs? Who would accept the vessel into their territory waters? Maritime nations are now trying to put into place a new "Place of Refuge Guidelines" (the EU recently held a trial run of the Guidelines in Malta), but the question is will the new guidelines be applied in practice? Where would one obtain the colossal salvage assistance that might be required for a mega container ship? We have spoken of the new mega-container ships being designed to handle fires and explosions, the thought of such an incident is extremely troubling. How do you fight a fire or explosion of any nature deep in the bowels of a large container hold? Then comes the issues surrounding general average and the extensive delays for the delivery of cargo at ports of refuge and/or destination. Demands for security are becoming increasingly painful because the high cost of the extraordinary salvage requirements.In 1996, 7,100 containers became the granddaddy of all and today you have ships carrying 20,000 TEUs. In the mid 90's the APL China, with approximately 4,000 containers on board, was a monster and when she lost or damaged over 700 containers from her deck cargo underwriters considered it a horrific loss. Several shippers faced the issue of accumulation of cargo values above the open cargo policy limits.

Since then the size of container ships grew rapidly. Instead of stacking them 4-5 high on deck they then started stacking them 6-7 high. The size quickly escalated and by 2006 a large container ship could carry 13,830 TEUss. The Emma Maersk reportedly could carry 14,770. They are absolutely huge! What do these every increasing in size container ships do for cargo interests besides lowering the cost of shipping the containers? They can cause situations where the loading and stowing of the containers is out of control for various reasons: misdeclared cargo weights, misdeclared dangerous cargoes, improper stowage of cargoes by weight and content, and last, but not least, the old item of error in navigation. Salvors are struggling to handle large container ship disasters. Many times they do not have the equipment required in the area of the casualty. It takes time and money to mobilize the equipment and the length of time it takes to get the casualty diminishes the quality of their services. Once they are on the scene there are many places that they cannot take a ship as a port of refuge. The vessels have too deep of a draft. If the vessel can be taken into port, many times there is no crane capacity to handle the largest of container ships and the shore side facilities are incapable of handling a sudden dump of 10,000 - 20,000 containers. In addition, the ship itself is not well-equipped to handle fire or explosion in a hold by the use of C02. If they are at sea a long distance from port they are basically a floating time bomb.Let me just give you a few words of caution to shippers: Properly declare the cargo and its dangerous properties. Container ship operators and their P & I clubs now rush to establish that mideclared cargo either caused or contributed to a casualty. By misdeclared I mean by weight, or its dangerous goods declaration, or its material safety data sheets description or for failure in declaring special stowage requirements for the safe carriage of the cargo. Most shippers and NVOs do not carry enough liability insurance to cover their potential liability should they be found liable. Two to 300 million dollars in losses can easily be expected in claims for losses caused by improperly



declaring the true nature of the cargo, which causes a fire or explosion. Do not misdeclare the weight of the shipments. IMO has proposed and requirements can be expected soon in 2016 to enforce that cargoes be weighed before loading.Immediately after the casualty such as the MOL Comfort, reports indicated that the casualty might well have been caused by stowage problems resulting from mis-declared weights of the containers. We now know that was wrong and the loss was most likely caused by a structural defect and/or by loading the vessel at or beyond its maximum bending moments.Shippers should bear in mind that bills of lading contain clauses which allow a ship owner to go back after a shipper, NVO and consignees for shipping misdeclared cargo which may have caused or contributed to a casualty. For instance, the merchant clause in conterm bills of lading. Shippers should also bear in mind that when a limitation proceeding is commenced long before the expiration date of the statute of limitations for cargo claims, shippers or cargo interests may be required to file a claim in the limitation proceeding not only for your destroyed cargo, but also for salvage and general average claims and when you do so you can be subject to jurisdiction and possible cross-claims and counterclaims if your cargo might have caused the incident. It has become apparent that shippers, whose cargo interests are insured, do not understand that they are subject to cross and counter-claims for possibly causing the casualty. Cargo policies do not normally cover liability claims against cargo interests - one needs ample liability insurance coverage. One dangerous goods container can potentially bankrupt a shipper if it causes a loss to the ship or other cargo, such as a fire and the loss of cargo aboard.A warning to manufacturers or receivers: A threat to abandon cargo following a disaster can be a simple threat. No international company will allow their cargo to be abandoned and run afoul of the laws of any country. In addition, cargo policies provide label and control of goods clauses and general average adjusters and salvors know that.Lastly, when there is a casualty it is important to collect all documentation from the shipper, NVO, and consignee before underwriters settle the claim. The bills of lading of the carrier or NVO, packing lists, survey reports, the dangerous goods declaration, the MSDS sheets, cargo records, the container manifest, the shipping instructions, the booking note and invoices. All become most important. Those documents seem to become unavailable or missing once the claims against underwriters are settled. Proof of loss can be devastated by lack of documents or appropriate documents are no longer available years later. Not to mention it is a lot of extra work for you all chasing the documents down later. Source : Journal of Commerce

Crowley Awards Four Scholarships to CMA Cadets at 2015 Connie Awards Dinner

Crowley Maritime Corporation awarded four Thomas B. Crowley Sr. Memorial scholarships to California Maritime Academy (CMA) cadets at the Containerization & Intermodal Institute’s Connie Awards Dinner in Long Beach, Calif., last night. Crowley’s Vicky Ellis, manager, marine development and compliance, presented the scholarships to Andrew Leonard, Griffin Sims, Bonnie Claire Muchnick and Alex Yonkman. “Crowley is proud to support the education of these cadets and future leaders in the U.S. maritime industry,” said Ellis. “Andrew, Griffin, Bonnie and Alex are very deserving recipients of the Crowley scholarships and should all be proud of their

academic achievements at CMA.”Leonard, from Glendale, Ariz., is a senior at CMA. He will graduate in April with a bachelor’s degree in marine transportation and a Third Mate Unlimited Coast Guard license. The summer after his sophomore year, he spent three months working aboard Crowley’s articulated tug-barge (ATB), Integrity/650-4, in the waters between Texas and South Carolina. After graduation, he looks forward to a career at sea. He said that Crowley’s scholarship gave him a great deal of pride as he worked on his academics and training at CMA. Sims, from Monterey, Calif., is a CMA graduate with a bachelor’s degree in marine transportation and a Third Mate Unlimited



Coast Guard license. The summer after his sophomore year, Sims spent three months working aboard Crowley’s Alert class spill prevention and response tug, Aware, in Valdez, Alaska. Receiving the Crowley scholarship made it easier for Griffin to concentrate on his academic studies and he is grateful for the opportunity to represent Crowley. Muchnick is a junior marine transportation student from Oakland, Calif. As a part of her CMA commercial cruise experience, Muchnick spent the summer sailing aboard the Crowley-managed, Jones Act tanker, Florida, in the U.S. Gulf. After graduation, Muchnick plans to go to sea. She said that she is grateful for the Crowley scholarship, which is allowing her to focus on her education and offering relief for her family’s financial burden. Yonkman is a marine engineering technology sophomore at CMA. Yonkman is also minoring in marine science and hopes to work on a research vessel in the future. Originally from Whidbey Island, Wash., Yonkman grew up near the sea and chose CMA because of his lifelong interest in the maritime industry. He is looking forward to a commercial cruise with Crowley next summer and is grateful for the financial support this scholarship provides.To learn more about the Thomas B. Crowley Sr. Memorial Scholarship program, please click HERE

VIKINGBANK enjoying the evening sun alongside her lay by berth on Cobh Cruise Terminal Cork.

Photo : Aidan Fleming (c)

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Repsol sells part of its piped gas business for 652 million euros

Repsol has agreed with Natural Gas Distribution and Redexis Gas the sale of part of its piped gas business. The various operations amount to a total of 651.5 million euros, generating an estimated after-tax capital gain of 367 million euros. The agreements, which will be completed in early 2016, are subject to regulatory approvals. Following these transactions, Repsol maintains a portfolio of piped gas assets with capacity to supply 141,535 regional customers which it will continue to operate normally. More than $1 billion in divestments of non-strategic assets With the partial sale of its piped gas business, Repsol has surpassed the commitment made after the acquisition of Talisman to divest $1 billion of non-strategic assets. With the acquisition of the Canadian energy company, Repsol significantly increased its production, as well as the quantity and quality of its assets, and began a portfolio-optimization program. That program included the sale on 25 September of Repsol’s 10% stake in oil pipeline operator Compañia Logística de Hidrocarburos (CLH) for 325 million euros. Repsol also recently sold stakes in three exploratory blocks offshore Canada to BG Group. At the same time as Repsol was executing this program of optimizing assets, the company achieved a record output of 700,000 barrels of oil equivalent a day, a 97% rise from the 355 kboepd average production in 2014. This increase has come from the addition of new output from the United States, Canada, South-east Asia, Latin America and Norway. The integration of the Canadian company has also increased Repsol’s reserves by 55% to reach 2.2 billion barrels of oil equivalent. For more information, please visit : http://www.repsol.com

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The HALO enroute Amsterdam Halo is a 57.50m motor yacht, custom built in 2015 by Feadship in Kaag ( Netherlands ). The yacht's interior has been designed by Bernardi Peschard and has exterior styling by Eidsgaard Design. The HALO t has a steel hull with a aluminium superstructure 3 decks. This custom yacht also features 'at anchor stabilisers' which work at zero speed, increasing onboard comfort at anchor and on rough waters. – Photo : Ruud Coster (c)

2015 Maritime Research Reveals China's Shipbuilding, Offshore, and Eco-ship Building

Sectors on the Rise Marintec China co-organisers UBM Asia - Asia's largest trade exhibition organiser - in conjunction with Seatrade Global Communications has announced completion of a comprehensive research study of the China shipyard, shipbuilding, and marine equipment industries. The study's findings which garnered over 800 respondents across 25 sectors of the ship building industry were then analyzed and compiled into a report titled "State of China Shipyard and Marine Equipment Industries".The purpose of the study is to gain a better understanding of the current state of the maritime

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industry within Asia and specifically in China as to provide key players and the community insights towards future decisions. The research dives into the major areas of ship building, propulsion systems, electrical systems, auxiliary machinery, port technology, and offshore activities. The study examines the current production and opinions of each area as well as future planned investments and target markets. This 30+ page report is available free of charge to all pre-registered professionals to Marintec China 2015 which takes place1-4 December at the Shanghai New International Expo Centre, Shanghai, China.Seatrade and Marintec China embarked on this collaborative project in early 2015 in consideration of Seatrade's renowned industry knowledge and editorial objectivity combined with Marintec China's extensive access to and deep relationships with the Chinese marine, shipbuilding, and naval communities. A comprehensive survey was design by both groups to include and query the most pressing issues facing supply & demand, manufacturing, business growth, outlier influencers, as well as near future planned activities for the industry in China. The results yielded a respondent rate of over 800 of which the majority of participants stem from the manufacturer and supply segment (43.7%). shipyards and professionals from the shipbuilder segment (14.6%), and ship repair (15%).The report's analysis was then translated into English alongside charts, graphs, and executive summaries and commentary per each major sector covered in the research including: shipyards/shipbuilding, electrical systems/equipment industry, ports/port technologies, auxiliary equipment and machinery, and of course an extensive section on the offshore industry. An excerpt of the study's shipyard/shipbuilding section notes: "The shift in the product mix towards offshore could be clearly seen in which sectors of shipping respondents saw the most demand for newbuildings. In terms of where demand was for newbuildings, 41% said offshore support vessels, while 36% said offshore rigs….""Marintec China had wanted to field such a study for some time now and after UBM's acquisition of Seatrade Global, partners who we had already been working with for years, we now became an extension of each other's teams making this type collaboration more fluid and possible" says Marintec China Event Director Stella Fung. "Our intent is to make available this information prior to Marintec China 2015 so that international audiences can make the best use of business opportunities they might not be fully aware. For example, it is common understanding that the fluctuations in oil prices has affected activities for the offshore sector, however many suppliers or potential suppliers of shipbuilding may not be aware as to how far the extent and demand is today for eco-ship building."To learn more about Marintec China 2015 - Asia's Largest Maritime Trade Fair organised by UBM Asia and the Shanghai Society of Naval Architects and Ocean Engineers (SSNAOE) - including activities, conference seminars, exhibiting companies and how to obtain a complimentary electronic copy of State of China Shipyard and Marine Equipment Industries 2015 visit www.marintecchina.com Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 31 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 21 trade publications, 18 online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.Shanghai Society of Naval Architects & Ocean Engineers (SSNAOE) originally was Shanghai Society of Naval Architects and Marine Engineers (SSNAME) founded on 25 February 1951, which had its name changed to SSNAOE in March 2011. The society is now retaining more than 5,000 individual members and 73 corporate members with the work emphasis on technical exchanging and presenting of marine and offshore engineering and equipments, popularization of science, publication and technical consultancy.The society has established friendly relationship with 14 famous maritime engineering societies over the world. It is the sponsor of Pan Asian Association of Maritime Engineering Societies (PAAMES) and was elected the first Chairman society of PAAMES. Besides, the society will be the organizer of the 18th World Maritime Technology Conference (WMTC18) and Marintech China organized by the society has turned out to be an outstanding international event.

Golar Cameroon FLNG Project Reaches Major Milestone

Golar LNG Ltd. announces that its Cameroon floating liquefied natural gas project has reached a major milestone with the final approval by all parties of the Gas Convention for the project. This final investment decision commits the project to a targeted start date for commissioning of second quarter, 2017. At a signing ceremony in Yaoundé, Cameroon on Wednesday, September 30, Cameroon’s state owned oil and gas company Société Nationale des Hydrocarbures (“SNH”), Perenco Cameroon (“Perenco”), Golar Hilli Corporation and Golar Cameroon (together “Golar”) executed a fully effective and binding Gas Convention with the Republic of Cameroon which endorses and governs the installation and operation of the GoFLNG vessel in Cameroon waters offshore of Kribi.The binding Tolling Agreement having already been agreed between Golar and Perenco, is expected to be formally approved by the 25% upstream partner SNH imminently. This agreement establishes the terms under which Golar shall provide liquefaction, storage,

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and off-loading services to SNH and Perenco as upstream joint venture partners.The signing today of the Gas Convention and the finalization of the Tolling Agreement terms facilitates the financing structure previously announced and will enable Golar to drawdown up to $700m from the facility to fund the ongoing conversion cost. It is estimated that no further direct funding from Golar will be required for the Hilli conversion, with the remainder of the conversion project being financed through this debt facility.Golar, Perenco and SNH have for the past two years been developing a floating liquefied natural gas export project located near shore off the coast of Cameroon situated in an area of benign sea states and utilizing Golar’s floating liquefaction technology (“GoFLNG”). The project is based on the allocation of 500 Bcf of natural gas reserves from offshore Kribi fields, which will be exported to global markets via the GoFLNG facility “Hilli”, now under construction at Keppel Shipyard in Singapore. Golar will provide the liquefaction facilities and services under a tolling agreement to SNH and Perenco as parties of the upstream joint venture. It is anticipated that the allocated reserves will be produced at a rate of 1.2 million tons of LNG per annum, representing approximately 50% of the vessel’s nameplate production capacity, over an approximate eight year period. It is expected that production will commence in Q2, 2017.Consistent with previous advice, the project in Cameroon is expected to deliver an EBITDA for Golar in the first full year of operation, based on the utilisation of 2 of the available 4 liquefaction trains, in the range of $170 million to $300 million, with a flexible tolling structure which correlates to Brent crude oil prices ranging from a floor of $60/bbl to a cap of $102/bbl. The Tolling Agreement also includes a tariff for a 3 train operation in case additional gas volumes can be processed or production advanced. Full production by 3 trains will increase the EBITDA to between $240 million and $430 million corresponding to the same range of Brent crude oil prices.Golar’s CEO Gary Smith commented; “The achievement of this very significant milestone in the delivery of Golar’s FLNG strategy is the result of many years of hard work and technical innovation by our employees and partners. We consider ourselves very fortunate to be developing our first FLNG project in a very professional partnership with Perenco and SNH who have provided a solid foundation to this ground breaking project. We genuinely believe the employment of this first speculatively ordered FLNG unit and the approval for development of the Kribi field sets a new standard for development of gas reserves. Golar’s GoFLNG business model reduces the resource holder’s capex and project execution risk, advance their cash flow and is flexible enough to develop smaller reserves.The Kribi field development was approved within a relative short time frame and delivers solid economics for all parties involved notwithstanding the current low oil and gas price environment. This approval clearly demonstrates the competiveness of the GoFLNG model vs other alternative approaches to LNG project development.Significant experience has been gained from this first GoFLNG project, which strengthens Golar’s ability to assist other resource holders and developing nations to monetize reserves which currently are either dormant or sub optimally produced.Golar is increasingly encouraged by the growing portfolio of interesting FLNG projects currently being discussed and developed.” Source: Golar LNG

East-West shippers see a sharp decline in their contract rates

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.The Drewry Benchmarking Club contract rate index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 7% between May and August this year, the steepest fall since the Benchmarking Club was established in March 2014. The fall in contract rates has been driven by a combination of lower fuel costs, excess vessel capacity and intensive competition between shipping lines. Bunker costs have fallen notably since the fourth quarter of 2014 and this has contributed to a reduction in contract rates negotiated since the first quarter of this year, which has accelerated in recent months. This trend has also been reflected in the spot market.Prior to this there was some strengthening in Asia-Europe contract rates agreed at the end of 2014 when market conditions were stronger. However, as the spot market has weakened and bunker surcharges fallen, contract rate levels have since deteriorated. Some of the fall in contract rates was the result of carriers granting shippers temporary reductions in contract rates to secure cargo. As a result, the Drewry Benchmarking Club contract rate index declined 5% in the 12 months to August 2015.“We expect contract rates to fall further through the remainder of this year, given falling fuel costs and continued overcapacity in the market,” said Philip Damas, Director of Drewry Supply Chain Advisors. “Given the volatility of rates in both the spot and the contract market, shippers are increasingly using Drewry to help them forecast and budget their 2016 freight costs,” added Damas.Due to non-disclosure agreements with all shipper members of the Benchmarking Club, Drewry cannot share detailed cost benchmarking intelligence with companies which are not members of the Club. Unlike other indices, the Drewry Benchmarking Club contract rate index measures freight rates under annual contracts rather than spot freight rates. Source: Drewry Maritime Research



CASUALTY REPORTING

10 fishing trawler crew die off Hangklip Cape Town – Ten crewmen have died and three others are missing after abandoning their fishing trawler “Lincoln” which was in difficulty 20 nautical miles south of Hangklip, the National Sea Rescue Institute said on Monday. NSRI spokesperson Craig Lambinon said the trawler ran into trouble on Sunday. All 21 crewmen abandoned the trawler after raising the alarm. Eight other crewmen were rescued and a search was in progress for the three who were still missing. Lambinon said that a radio services broadcast was made for any vessel in the area to respond to the distress call. Photo’ : Glenn Käsner © “NSRI Hermanus launched the sea rescue craft South Star and NSRI Simonstown launched the sea rescue craft Spirit Of Safmarine III,” Lambinon said. Lambinon said that an SA Air Force 22 Squadron Lynx helicopter responded to the distress call. On board the helicopter was an NSRI ASR rescue swimmer.The Western Cape government’s Health Emergency Medical Services were placed on alert. A number of cargo vessels that were in

the area responded. They found that all 21 crew of the fishing trawler had abandoned their

The Lincoln was towed into Cape Town by sister vessel, Andromeda photo: Glenn Käsner ©

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vessel. “A search was initiated by the cargo vessel and by the fishing vessels that had responded … the search was joined by the sea rescue craft South Star, Spirit Of Safmarine III and by the SA Air Force Lynx helicopter,” Lambinon said.An extensive air and sea search was conducted by the Maritime Rescue Co-ordination Centre, but none of the missing crew had yet been found. Lambinon said the fishing vessel had been boarded by engineers and attempts were being made to bring the vessel to the Port of Table Bay.The bodies of the deceased were brought to shore and were handed into the care of police and the Forensics Pathology Services. The cause of the vessel taking on water has not been determined. Source : ANA

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The BOA SUB C passing Maassluis enroute Keppel Verolme – Photo : Henk van der Heijden (c)

NAVY NEWS Russian shipyard launches last 'Black Hole' sub

built for Vietnam Navy By Anh Son, Thanh Nien News

Russian shipbuilders on Monday launched the last of the six Kilo-class submarines ordered by the Vietnamese Navy.Admiral Viktor Chirkov, Commander-in-Chief of the Russian Navy, and Rear Admiral Pham Hoai Nam, Commander of the People's Navy of Vietnam, were present at the launching ceremony for the submarine, codenamed HQ-187 Ba Ria Vung Tau, at the Admiralty Shipyard in St. Petersburg.It is part of a deal reached between Vietnam and Russia for six Project 636 Kilo-class diesel-electric submarines for $2 billion back in 2009.Under the agreement, Russia would also train Vietnamese crews and supply necessary spare parts.Vietnam has operated four Kilo-class submarines. The fifth, codenamed HQ-186-Da Nang, is reportedly running sea trials in the

Baltic. The delivery of the two last vessels is slated for next year. Armed with cruise missiles, this diesel-electric stealth sub is believed to be the quietest in the world, and so was dubbed ‘black hole’ by NATO At the launching ceremony,

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Adm Viktor Chirkov and R.Adm Nam also discussed cooperation in strengthening security in the Asia-Pacific. Source: Thanh Nien News

Crew RF Navy ship Igor Belousov tests underwater rescue vehicle Bester

The crew of the Russian Navy ship Igor Belousov tested the underwater rescue vehicle Bester unparalleled anywhere in the world, says press center of RF Defence Ministry During the testing of the underwater vehicle, the underwater crew successfully left the submarine After the trials, the Bester underwater vehicle will be delivered in Baltiysk to continue the scheduled tests.One of the particularities of the newest vehicle is the docking chamber, which allows to link-up with the rescue exit of the submarine with the heeling equal to 45 degrees. Source : PortNews

SHIPYARD NEWS

The DAMEN shipyards group built PG-64 left the builders for her first dancing lessons offshore Hoek van Holland

Photo : Cees van der Kooij ©

Incat Crowther to Design A Unique 63m Monohull Passenger Ferry

Incat Crowther has been commissioned by an undisclosed Central American operator to design a unique monohull vessel to expand their operation. The main deck features a large cabin, hosting 286 first-class seats, 20 lounge seats,

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and four handicap accommodation seating areas. The cabin also features a kid’s play area with surrounding seating. The aft deck features a cargo room with cargo loading gates, able to fit a portable conveyor belt for efficient loading and unloading. The aft deck also features two restrooms, for men and women, as well a third for handicap accommodations. The main deck allows four (4) passenger loading stations. The mid deck features cabin hosting 144 first-class seats and 32 lounge seats. Forward of the cabin is the raised wheelhouse, with wing control stations on port and starboard sides. Aft of the cabin, is a spacious deck that offers 112 exterior seats. A mini-bar is located in the center of the arrangement with a stage for entertainment behind the cabin. The upper deck provides a large observation area including 36 exterior seats. The vessel is powered by five (5) MTU 16V400M63L, equipped with ZF-7650 gearboxes, propelled by five (5) Hamilton HM-811 jets. Two (2) 150ekW generator sets will provide the vessel with electricity and a 200hp bow thruster will allow for maneuverability and stationing. A service speed of 37 knots and capacity for 650 passengers will provide efficient transportation. The vessel is another example of Incat Crowther’s diverse product offering, and their ability to design an efficient vessel customized to an operator’s needs. Reference: incatcrowther.com

Don Pasquale entering drydock in Gdansk, assisted by Ajaks, Tytan and Taurus.

Photo: Hans Semeins o/b Coral Ivory ©

Daewoo Shipbuilding bags US$400 mln order for 2 LNG carriers

Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Wednesday that it has clinched a US$400 million deal to build two liquefied natural gas (LNG) carriers. Under the deal with Singapore-based BM Group, Daewoo Shipbuilding will build the vessels by the first half of 2019, the company said in a regulatory filing.The vessels, 294.4 meters long and 46.4 meters wide, can carry 173,400 cubic meters of LNG.With the latest deal, Daewoo Shipbuilding has received deals valued at $4.3 billion to build 29 ships this year. Daewoo Shipbuilding was trading at 6,420 won on the Seoul bourse as of 11:20 a.m., down 4.89 percent from the previous session’s close.

Uljanik to Build the Fastest Ship in the World For the Transport of Livestock

Another boost for the Croatian shipbuilding industry.

"A floating hotel for animals", that is how the new ship to be built in the Pula-based shipyard Uljanik was described by Serđo Pajković, one of the managers of the shipyard, reports Novi List on September 29, 2015. He wanted to demonstrate just how sophisticated the ship for the transport of live animals will be. The contract signing ceremony was attended by management of the Livestock Transport & Trading Co. from Kuwait, who have pointed out that, after having contacted many of the world's shipyards, they had chosen Uljanik to build the first new ship in their fleet.



Pajković explained that this kind of ship is normally produced by conversion of other types of vessels.This will be the fastest ship for the transport of livestock in the world. It will be able to sail at a speeds of almost 20 knots. It will be over 180 metres long, and will have 28,000 square metres of cargo space. It will be able to transport 80,000 sheep or 10,000 cattle and 23,000 sheep, and will connect Australia and the Persian Gulf. Special attention will be paid to the safety of animals, which is something that the client insist on. The main goal is for livestock to reach its destination alive, without injury or infections. "It is a special ship which will satisfy the strict Australian regulations", said Pajković.The company from Kuwait, according to its director Bader Al Subaiee, was established in 1973. The ship they have ordered from Uljanik will be the largest and fastest in their fleet. "It is important for us to reach new markets, so the ship has to meet the highest standards", said Al Subaiee. Executive director of the company Osama Bodai stressed that the ship, which will modernize their fleet, should be just the first in a series, which means that the cooperation with the Pula shipyard could be long-term.The handover of the ship will take place in July 2017, and both sides have pointed out that the signing of the agreement came after a year and a half of working on the project. Importantly, all parts of the ship will be produced at the Uljanik shipyard. Source: total-croatia-news

ROUTE, PORTS & SERVICES

Alta appraisal wells in PL609 in the Barents Sea South completed successfully

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the drilling of appraisal wells 7220/11-3 and 7220/11-3 A on the eastern flank of the Alta discovery in PL609. The Alta discovery is located 10 to 20 km northeast of Lundin Petroleum's Gohta discovery in the Barents Sea South and approximately 160 km from the Norwegian coastline. The Alta discovery well 7220/11-1 was completed in October 2014. The preliminary evaluation of the gross recoverable oil and gas resource range from the Alta discovery well after the first well was estimated at 125 to 400 million barrels of oil equivalents (MMboe). The appraisal well 7220/11-3 was located approximately 4 km south of the original Alta discovery well 7220/11-1 and approximately 3 km northeast of the previous appraisal well 7220/11-2. The main objectives of 7220/11-3 of confirming the reservoir model and proving the presence of hydrocarbon columns and fluid contacts similar to those established in the Alta discovery well were successfully achieved.Well 7220/11-3 encountered a 120 metres thick hydrocarbon bearing interval, of which 45 metres is oil, in rocks of good to very good reservoir quality. The well had to be plugged due to technical problems.A geological sidetrack, 7220/11-3 A, was drilled approximately 400 metres southeast of 7220/11-3. The well encountered a gross hydrocarbon column of 74 metres, of which 30 metres was gas and 44 metres oil in reservoir rocks of varying quality. The well will now be temporarily plugged and abandoned to be able to re-enter and drill deeper and eventually carry out a production test at a later stage.Pressure data from wells 7220/11-3 and 7220/11-3 A show communication with the discovery well 7220/11-1. Extensive data acquisition and sampling were performed, including conventional coring and fluid sampling. Both gas and oil samples were successfully acquired and well defined gas and oil gradients established. The wells were drilled to total vertical depths of 1,925 and 1,962 metres below mean sea level, respectively, in rocks of Permian age. The water depth is approximately 400 metres.

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Alex Schneiter, COO of Lundin Petroleum, comments: "I am very pleased that all three Alta wells and the two sidetracks have proven moveable gas and oil. More importantly we have established good pressure communication between all wells indicating a connected hydrocarbon accumulation over an extensive area. We will likely drill up to two further appraisal wells in 2016 in addition to re-entering the latest appraisal well to perform a production test. The Island Innovator rig will now move to the north of PL609 to drill the Neiden prospect." License PL609 was awarded in the 21st licensing round in 2011. The wells were drilled using the drilling rig Island Innovator which will proceed to drill the Neiden prospect in the northern part of PL609.Lundin Norway is operator and holds 40 percent working interest in PL609. The partners are DEA Norge AS and Idemitsu Petroleum Norge AS with 30 percent working interest each. For more information, please visit: www.lundin-petroleum.com

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Intermarine, LLC Promotes Call to Director of Corporate Finance

Intermarine, LLC, the global leader in the transport of project, breakbulk and heavylift cargo, has promoted Chad Call to Director of Corporate Finance. He will continue to report to Michael Dumas, Executive Vice President and Chief Financial Officer. In this new role, Call will be responsible for managing the company’s banking relationships, corporate financial analysis, forecasting and financial reporting. Call joined Intermarine in 2010, where he previously served as Intermarine’s Manager of Financial Planning and Analysis. In this role he worked alongside the company’s top leadership and private equity investor, New Mountain Capital, to provide financial reporting and analysis and to manage Intermarine’s day-to-day financial operations.

Prior to joining Intermarine, Call was employed by Ernst & Young LLP where he served in the company’s Assurance Services for five years. While in this position he gained diverse experience and expertise across the transportation, oilfield, manufacturing, airline, and real estate industries. “Chad has greatly enhanced our financial reporting team and has played an instrumental role in helping us communicate our growth strategies to our investors and to prospective lenders,” said Michael Dumas, Chief Financial Officer. “His financial analysis and comprehensive knowledge of our operations help our management team as they make day-to-day decisions.” Call received a Master of Accountancy from Brigham Young University in 2005. He is a Certified Public Accountant, licensed in the State of Texas. Call is active in community service activities through religious organizations and the Boy Scouts of America. Intermarine is a global leader in the transport of project, breakbulk and heavylift cargo. Founded in 1990, the company, through its subsidiaries and worldwide network of 20 offices, controls an international fleet of more than 50 vessels with lifting capacity up to 1,400 metric tons. Intermarine provides ocean transportation and marine logistics services with regular sailings in the Americas, West Africa, Europe, Asia, and the Middle East, plus inducement voyages to Australia and other international ports. The company operates the largest U.S. flag heavylift fleet and controls Industrial Terminals, the busiest project cargo terminal in the United States. For more information please visit www.intermarine.com.

Oceaneering announces vessel services agreement

Oceaneering International, Inc. (NYSE:OII) announced today that its subsidiary Oceaneering International GmbH has entered into a two-year, subsea field support vessel services agreement with an oil and gas company in India for use of the Island Pride. Anticipated commencement date is in November 2015 upon completion of the vessel's mobilization from the U.S. Gulf of Mexico (GOM). The contract provides for four option periods of six months each, exercisable by the Indian company.

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The Island Pride is a state-of-the-art, multi-service vessel built in 2014. It has an overall length of approximately 340 feet (103 meters); a Class 2 dynamic positioning system; accommodations for 94 persons; a helideck; a 125-ton active heave compensated crane; and a working moonpool. The vessel is outfitted with two Oceaneering work class remotely operated vehicles and survey and satellite-based positioning equipment provided by Oceaneering's recently acquired subsidiary, C & C Technologies, Inc. In addition, the vessel is equipped with a satellite communications system capable of transmitting streaming video for real-time work observation by shore personnel. The vessel is expected to be used to perform subsea inspection, maintenance, and repair projects, light construction, and pre- and post-installation surveys. M. Kevin McEvoy, Chief Executive Officer, stated, "We are very pleased with this agreement to support operations offshore India. This agreement builds on our established deepwater vessel project capabilities in the GOM and offshore Angola and represents further international expansion for our Subsea Projects business." Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward looking. The forward-looking statements in this press release include the statements concerning the anticipated service agreement commencement date and expected use of the Island Pride. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.For more information, please visit: www.oceaneering.com

Dräger backs Oil & Gas UK’s task force to boost efficiency in the North Sea

A new efficiency task force announced by Oil & Gas UK has been welcomed by an international oil and gas safety industry leader. Michail Tzouvelekis, Regional Segment Manager for Oil & Gas at Dräger Marine and Offshore, said efficiency improvements are urgently needed to help sustain activity in the North Sea. He added that he fully supports the idea of a task force that focuses on behavioural change within the industry. The task force, which is supported by Oil & Gas UK and its industry members, aims to encourage cooperation and focus on initiatives that add real value for the sector – helping the UK to compete globally. Mr Tzouvelekis, said: “The approach to drive improvement, looking at business processes, standardisation and cooperation all fit with what we believe in here at Dräger. We strive to provide a holistic solution to enable companies to do things differently. “We’re more than happy to have a conversation with companies that are looking to take steps to reduce costs and become more efficient, and we believe that being safe is by definition being more efficient. “Depending on a company’s needs, we can share our expertise, resources and ideas to develop a long-term safety strategy which will ultimately reduce safety equipment inventories and standardise detection and protection across multiple offshore assets. This can save hundreds of thousands of pounds per year in operating expenditure. Mr Tzouvelekis added that some operators of oil and gas platforms have simply inherited numerous contracts put in place by previous operators. He commented: “Some owners have found themselves with separate existing accounts for renting, maintaining, buying equipment and also for training their staff on how to use it. “We can simply offer a one-stop shop to cover everything, whether it be Dräger products in the field, third party equipment requirements, rentals or training needs.”As a leading provider of safety solutions in the oil and gas sector, Dräger is all too aware of the importance of safeguarding workers and the public efficiently and the company recently attended SPE Offshore Europe to showcase its innovative life-saving products and cost saving solutions. One which received much attention at the show was the GasSecure GS01, the world’s first wireless, infrared hydrocarbon detector which due to its efficient design, can be operated completely wireless with typical battery life of 24 months. Another Dräger product that supports efficient ways of working is the X-dock, which can test up to ten portable gas devices at a time. Mr Tzouvelekis said: “Workers offshore can use this device to carry out calibration and bump-testing offshore whenever it is needed, without the need for hundreds of devices to be transported back onshore as this would take much longer and require replacement units to be deployed.“ “The new task force now offers us a chance to highlight safer ways of working to everyone effectively. When the oil companies are trying to do all they can to reduce operating costs in the most efficient way, there will always remain an absolute focus for them on safety – it’s a topic

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on which there will never be a compromise.” said Mr Tzouvelekis. “Safety remains a number one priority – so the importance of having a whole range of integrated maintenance and training support services cannot be underestimated.”“At Dräger Marine and Offshore, we can offer equipment for purchase or rental, services and training out of our facilities at key hubs in the UK, the Netherlands, Norway and Denmark.” Dräger is an international leader in the fields of medical and safety technology. Our products protect, support and save lives. Founded in 1889, Dräger generated revenues of around EUR 2.43 billion in 2014. The Dräger Group is currently present in more than 190 countries and has about 13,500 employees worldwide. For more information, please visit : http://www.draeger.com

MARITIME ARTIST CORNER

This oilpainting shows two ships with name HAM 318 and the GEOPOTES at the background. The HAM 318 is part of the famous dredging company "van Oort" in the Netherlands. This organisation works regular on many places of the globe and her name is well known by many persons. www.hansbreeman.nl

…. PHOTO OF THE DAY …..

The BOA SUB C inbound for Keppel Verolme in Rotterdam-Botlek Photo : Leen van der Meijden ©

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