Sponsors Donate $8.8 Million for Carifta Swimming Championships

first_imgJamaica’s staging of the 2013 Carifta Swimming and Water Polo Championships has received a major boost, with sponsors providing an additional $8.8 million. Major sponsor, Petrojam Limited, yesterday (March 7) presented $7 million to the Amateur Swimming Association of Jamaica (ASAJ), during a press conference held at the National Stadium Aquatic Centre (Stadium Pool) in Kingston.   These funds are to assist with underwriting the cost for the renovation of the Stadium Pool facilities, where the event will be held.   CAPRI Sun, and CGM Gallagher Insurance Brokers Jamaica Limited, also handed over $1.2 million and $570,000, respectively, which will go towards other expenses, such as transportation and meals. Expressing gratitude for the donation, President of the ASAJ, Martin Lyn, said the additional money now brings the organisation closer to its target of $15 million for the staging of the event scheduled for March 30 to April 3. The donation puts the organisation just $2.5 million short of its target, with $12.5 million already in hand. Mr. Lyn said he is particularly grateful for the donation from Petrojam, which he said,  is “the largest single amount aquatic sports has ever gotten in terms of one sponsor”, and it indicates to other sponsors that they need to come on board to help with the development of the sport. “When sponsors such as Petrojam come on board, they send a strong signal that aquatics is not only important to our country’s sporting image but to the development of our youth. It is with sponsors like this that we will certainly be able to represent and compete at the highest level worldwide,” he stated. In response, Human Resource Manager, Petrojam Limited, Andrea Bent, said the company is of the firm belief that the development of sports is critical to national development. “We believe in fostering the growth and development of the nation’s youth by providing opportunities that can unearth and cultivate current and future talent. This is what forms the basis of this donation,” she stated. During the press conference, a 34-member team was named to represent Jamaica at the upcoming games, which the ASAJ believes, will improve on the country’s 5th place finish at the last CARIFTA games. This is the 5th time in 28-year staging of the event, that Jamaica will be hosting the championships. Another event, Open Water Swimming, will be introduced this year. Other sponsors include: Island Grill, Digipoint, Romans, YSpeedos, Tastee Ltd., Sports Development Foundation, Brumalia House, Edge Chem, and Jamaica Money Market Brokers.last_img read more

Upgraded Fire Station Opens in Freeport

first_img Upgraded station in Freeport, Montego Bay, constructed at a cost of just under $5 million Story Highlights Mayor of Montego Bay, Councilor Glendon Harris, called for good maintenance of the facility Fire fighters in St. James now have an upgraded station in Freeport, Montego Bay, constructed at a cost of just under $5 million.Speaking at a dedication ceremony on August 28, Deputy Superintendent of the Jamaica Fire Brigade, Andrew Russell, said members of the service gave their time and skills during the construction of the station, and ensured value for money.“Skilled firefighters from St. Elizabeth and St. James contributed valuable time and effort and installed the roof canopy, ceiling bed, kitchen cupboard and all other concrete and painting works,” he said.“As a cost saving initiative, firefighters with the requisite competencies were identified by the Project Manager and their skills utilized on the project. With their intervention and endowment from stakeholders, the project cost $4.7 million, about $1 million less than what was budgeted,” the Deputy Superintendent told the audience.Funding and material support for the facility came from the Ministry of Local Government and Community Development, the Jamaica Fire Brigade, Premix Jamaica, ZIM Integrated Shipping Services, and Quality Dealers.The work included construction of over 1,000 square feet of living space, bathroom facilities, and other sections.Meanwhile, Mayor of Montego Bay, Councilor Glendon Harris, called for good maintenance of the facility and for all to have pride in the upkeep of the City of Montego Bay.“All of our officers will have to play their part in the maintenance of this facility. It is the duty of all of us to ensure that everything in this facility is at its best. Let us all take pride in the city, let us all take pride in this parish,” he said.For her part, Member of Parliament for West Central St. James, Mrs. Sharon Ffolkes-Abrahams, said all should be done to make firefighters comfortable, because they endanger themselves to save lives and property.“It is very important that we take care of our firemen and fire women. We are in the city of Montego Bay, and we have to protect its residents, and we have to protect the tourism industry. We also have here in Freeport, a very important industry, the information and communication technology industry. We have the important business of protecting the residents and our industries from destructive fires,” she said. The work included construction of over 1,000 square feet of living space, bathroom facilities, and other sectionslast_img read more

Ministry Introduces Certification Course for Aspiring Principals

first_imgStory Highlights The Ministry of Education is offering 40 scholarships for the programme. The programme will provide a standard credential, the Professional Qualification for Principalship (PQP). Dr. Smith said that the programme is a professional certification. The Ministry of Education, through the National College for Educational Leadership (NCEL), is to launch a course of study geared towards training individuals aspiring to become school principals.The programme will provide a standard credential, the Professional Qualification for Principalship (PQP), to which the Ministry of Education and school boards will refer before authorising the hiring of principals of public schools.“The course is set to get started in January 2014 at the University of the West Indies (UWI) Mona Campus, which will be delivering the programme on behalf of NCEL,” said Principal Director of NCEL, Dr. Maurice Smith.Dr. Smith, who was speaking at a recent JIS Think Tank, said that the programme “is akin to what an individual will do at Norman Manley Law School, so it is a professional certification. It is the rudiments and the rigor of the job that participants are going to be exposed to.”The programme has a prescriptive component that consists of a set of modules that must be completed by the participants within 15 months. There is also the practicum component that may be completed between two to three months. The programme is open to all teachers with a first degree and at least five years experience working in a school, and who have aspirations of becoming a school principal.In the meantime, the Ministry of Education is offering 40 scholarships for the programme. The application process for these scholarships opens on November 11 and closes on December 6, 2013. Application forms will be available on the Ministry’s website and also at the Ministry’s six Regional Educational offices island-wide.We invite individuals, who are eminently qualified to apply; those who have the conviction that this is what their purpose is in life,” Dr. Smith said.As of 2015, all persons interested in becoming a school principal must have the PQP in order to be considered for the post of principal of a public school.Established under the Education System Transformation Programme (ESTP), the NCEL is responsible for developing excellence in leadership as a common denominator in schools and support institutions.last_img read more

HAJ to Deliver 19,000 Titles

first_img Chairman of the Housing Agency of Jamaica (HAJ), Norman Brown, says the entity has some 19,000 land titles in its possession, which it will be handing over in short order.“In our vault in Kingston, we have about 19,000 titles. Instructions are that we are to embark on a programme to get the titles into the hands of the landowners…a title is a game changer,” he noted.He said the documents will be presented before the two-year tenure of the current HAJ board expires next year.Mr. Brown was addressing a function in Norwood, St. James, on July 9, where more than 100 land titles were presented to residents for property that they occupy.He informed that of the 19,000 titles to be delivered, 60 per cent are for residents of the parish.“When we leave, we want to take out that 60 per cent. (Those) who do not receive their title, are those who do not want it,” he said.Meanwhile, Mr. Brown urged the residents to appreciate the value of the titles, noting that some of them have been waiting for the document for more than 20 years.“Today is a big deal. It is the first time that the Housing Agency of Jamaica, on one occasion, is presenting more than 100 titles to the owners of properties anywhere in Jamaica. You are now the owner of a piece of Jamaica; that is significant… for you, your children and your family,” he said.Managing Director of the HAJ, Gary Howell, in his remarks, said the ceremony marks the start of a “ramped up” effort by the agency to increase the number of legal landowners in Jamaica.“The agency has made it a part of its mandate to regularise a number of brownfield settlements across Jamaica. Here in Norwood, the company has in excess of 1,500 titles to deliver, once persons have paid the requisite price for their lots,” he informed. Story Highlights He said the documents will be presented before the two-year tenure of the current HAJ board expires next year. Chairman of the Housing Agency of Jamaica (HAJ), Norman Brown, says the entity has some 19,000 land titles in its possession, which it will be handing over in short order. Mr. Brown was addressing a function in Norwood, St. James, on July 9, where more than 100 land titles were presented to residents for property that they occupy.last_img read more

Minister Calls for Strengthening of Local Government Regime in Region

first_img Minister of Local Government and Community Development, Hon. Desmond McKenzie, is calling for the strengthening of the local government regime in the region. While here, the Mayor will visit the Office of Disaster Preparedness and Emergency Management (ODPEM); meeting with the Mayors of Kingston and St. Ann’s Bay, and with representatives of the Social Development Commission (SDC). Mr. McKenzie told JIS News that he is hoping that the visit to Jamaica by Mayor Glen Ram, Chairman of the Mayaro Rio Claro Regional Corporation in Trinidad and Tobago, will help to rebuild the regional local government regime. Minister of Local Government and Community Development, Hon. Desmond McKenzie, is calling for the strengthening of the local government regime in the region.“There is a lack of a coordinated effort between countries in the region that actually practise local (governance). There are only a few countries that have such a system,” the Minister noted.Mr. McKenzie told JIS News that he is hoping that the visit to Jamaica by Mayor Glen Ram, Chairman of the Mayaro Rio Claro Regional Corporation in Trinidad and Tobago, will help to rebuild the regional local government regime.“We are hoping that out of this visit by Mayor Ram we can forge and develop a stronger local government fraternity in the region,” the Minister said.Mayor Ram arrived in Jamaica on August 9 for a five-day visit, as the guest of the Ministry of Local Government and Community Development, to observe the local government reform processes.While here, the Mayor will visit the Office of Disaster Preparedness and Emergency Management (ODPEM); meeting with the Mayors of Kingston and St. Ann’s Bay, and with representatives of the Social Development Commission (SDC).For his part, Mayor Ram expressed gratitude to Mr. McKenzie and the Local Government Ministry for hosting him.He explained that the primary objective of his visit is geared towards strengthening local government practices in the region.Mayor Ram pointed out that there are many similarities between the two countries, in terms of local governance, and indicated that, currently, in Trinidad and Tobago there is an ongoing effort to strengthen the local government process, so the visit is indeedtimely. Story Highlightslast_img read more

Finance Minister Tables Second Supplementary Estimates

first_imgMinister of Finance and the Public Service, Hon. Audley Shaw, tabled the Second Supplementary Estimates of Expenditure for the 2017/18 financial year, in the House of Representatives on Tuesday (March 13).The figures show that the Budget has been revised upwards from $805.4 billion to $815.2 billion, an increase of $9.78 billion.The Estimates show an increase in the Recurrent (housekeeping) expenses from $515.4 billion to $523.8 billion, while Capital (development) spending has moved from $290 billion to $291.4 billion.Members of the Public Administration and Appropriations Committee (PAAC) will deliberate on the Second Supplementary Estimates on Wednesday, March 14.The First Supplementary Estimates for the 2017/18 financial year was approved by the House of Representatives in December. The Budget was increased from $715.6 billion to $805.4 billion. It reflected an increase of $89.9 billion.last_img read more

Mico Receives Sport Supplies from JICA

first_img The Physical Education Department of The Mico University College has received sport supplies from the Japan International Cooperation Agency (JICA), through its ‘Smile for All the World’ programme. “This donation represents the collaboration between Mico and JICA in assisting us to build sustainability in our sports programme. This is a critical area that is driving the education curriculum in Jamaica,” he said. President of the university, Asburn Pinnock, thanked JICA for the generous donation. Story Highlights The Physical Education Department of The Mico University College has received sport supplies from the Japan International Cooperation Agency (JICA), through its ‘Smile for All the World’ programme.The assortment of netballs, footballs and volleyballs were handed over during a ceremony, held on March 26, at The Mico University College, in Kingston.President of the university, Asburn Pinnock, thanked JICA for the generous donation.“This donation represents the collaboration between Mico and JICA in assisting us to build sustainability in our sports programme. This is a critical area that is driving the education curriculum in Jamaica,” he said.Meanwhile, Resident Representative for JICA, Jamaica Office, Tobita Kenji, said the programme is evidence of the continued friendship and goodwill between Jamaica and Japan.He expressed the hope that the supplies will assist in improving the performance of amateur athletes in these disciplines.The ‘Smile for All the World’ programme in Japan distributes goods related to sports, culture, education, social services and more all over the world through JICA volunteers. These goods are primarily donated to developing countries.According to the Japanese Embassy, 36 volunteers are involved in activities throughout the island. They are assigned to public agencies and non-governmental organisations (NGOs) under the Ministries of Education, Youth and Information; Industry, Commerce, Agriculture and Fisheries; Local Government and Community Development; Culture, Gender, Entertainment and Sport; Tourism; Economic Growth and Job Creation, and Transport and Mining.Since 1989, a total of 425 JICA volunteers have worked in various areas of the island.Established in 1974, JICA has been implementing Japan’s Official Development Assistance (ODA) through cooperation, such as loan, grant and technical cooperation, which include the JICA volunteer programme, training in Japan as well as technical cooperation projects.last_img read more

Education Ministry Increasing Uniformed Groups in Schools

first_img The Ministry of Education, Youth and Information, under its Safety and Security Programme, is on a mission to increase the number of uniformed groups in schools. In addition, students who are members of these groups do better socially and academically than those who are not affiliated with such organisations. The move is part of measures to improve discipline among students. Research shows that the presence of clubs and uniformed groups on the school grounds helps to promote positive values and attitudes. The Ministry of Education, Youth and Information, under its Safety and Security Programme, is on a mission to increase the number of uniformed groups in schools.The move is part of measures to improve discipline among students. Research shows that the presence of clubs and uniformed groups on the school grounds helps to promote positive values and attitudes.In addition, students who are members of these groups do better socially and academically than those who are not affiliated with such organisations.“We are anticipating that for students who are involved with groups, it will help with their behaviour, help with self-discipline and group discipline and certainly help with the reduction of violence and critical incidents within our schools,” says Director of the Safety and Security Unit in the Ministry, Assistant Superintendent of Police (ASP), Coleridge Minto.The Jamaica Combined Cadet Force (JCCF), one of the oldest uniformed groups in the island, is among the entities that the Ministry has engaged in its drive.ASP Minto tells JIS News that the objective is to increase student involvement in the cadet corps from 3, 000 to 10,000 in the next three to five years.“The schools have been very supportive of this expansion effort and 120 persons, including principals and teachers, have expressed interest in becoming cadet officers. Fifty commenced the basic officers and adult rank course in July 2018,” he informs.Commandant of the JCCF, Colonel Errol V. Johnson, tells JIS News that the organisation now has a presence in over 50 per cent of high schools across Jamaica; however, in the next two years, the force will be in all high schools.The JCCF is open to male and female students attending school at the secondary level, who can enlist as cadet recruits.During the training process, which can last up to four months, recruits are exposed to the rules and regulations of the corps, basic drills, and learning to march and salute.Recruits are also exposed to weapons training, field craft, map reading, some social graces, community involvement, disaster management, first aid, music and environmental consciousness.Adults are trained by the JCCF to become cadet officers, and Colonel Johnson is appealing for more persons with suitable leadership qualities to volunteer to serve.Currently, professionals such as pilots, engineers, nurses, doctors, teachers, and lawyers serve as officers in the cadet corps.Other uniformed groups being engaged by the Ministry include the Scouts Association, St. John Ambulance and the Caribbean Merchant Marine Cadet Corps.Currently, there are Scouts groups in 80 public schools, mainly at the primary level, while St. John Ambulance will roll out its youth brigade this year.At the primary level, the students will be called Humming Bird; the St. John Cadet at the secondary level; and the St. John Link at the tertiary level. Students will be taught first aid, cardiopulmonary resuscitation (CPR), among other things. Meanwhile, the Caribbean Merchant Marine Cadet Corps, which is operated through the Caribbean Maritime University (CMU), was established just over two years ago and, to date, there are active cadet units in 30 schools with approximately 900 cadets.ASP Minto pointed out that other groups, such as the Boys’ and Girls’ brigades, Girl Guides, National Interschool Brigade Movement, and the Dynamic Cadet Corps, will also be incorporated into the Ministry’s Safety and Security programme.He informs that the Ministry will support these groups through funding, endorsements as well as assisting with their expansion programmes.He says that the Ministry is ensuring that all the groups it endorses are approved to operate in schools.“As with any external body, uniformed groups are required to submit the necessary documentation to the Permanent Secretary when attempting to integrate their club into a school,” he points out. Story Highlightslast_img read more

Paragon Shipping Cancels One of Its Two Newbuilding Contracts

first_imgzoom Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced yesterday that it has entered into an agreement with a Chinese shipyard to cancel one of its two 4,800 TEU containership newbuilding contracts at no cost to the Company, transfer the deposit to the remaining vessel and to reduce its contract price from the original $57.5 million to$55.0 million.After taking into consideration the above changes, the Company will have one 4,800 TEU containership newbuilding on order with $23.0 million, or approximately 42% of the purchase price, already funded and the remainder of the contract price due upon delivery in the second quarter of 2014. The final installment due on delivery will be financed through the Company’s loan facility with China Development Bank, subject to certain closing conditions. The Company has granted Box Ships Inc. an option to acquire the containership newbuilding.Subsequently, the Company announced that it has acquired two additional Eco-Design Ultramax newbuilding drybulk carriers from an affiliated entity with scheduled deliveries in the second quarter of 2015. The two Ultramax newbuildings are being built in Yangzhou Dayang Shipbuilding Co., a member of the Sinopacific Shipbuilding Group, and will have acarrying capacity of 63,500 dwt each. The Ultramax vessels are sister ships to the company’s existing two Ultramax newbuildingsunder construction at the same yard that are expected to be delivered in 2014, and include approximately $1.6 million in extra equipment. The total consideration for these two Ultramax newbuildings is $56.5 million.Commenting on the developments, Paragon Shipping’s Chairman and CEO, Michael Bodouroglou, stated “The cancellation and reduction in price of the containership newbuilding improves the Company’s equity position, and gives Paragon greater flexibility as it can now take delivery of the one containership with little or no additional equity. We now have 13 vessels on the water and we believe this recent positive event will result in additional long-term growth for the Company. By acquiring the two additional Eco-Design Ultramax newbuildings, our newbuilding program has grown to six vessels, including the one containership, to be delivered starting December 2013 through to the middle of 2015. “Paragon Shipping, December 10, 2013last_img read more

Alfa Laval to Secure Equipment for North Sea Offshore …

first_imgzoom Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply equipment to an offshore oil platform in the North Sea.The order, booked in Energy & Environment segment, has a value of approximately SEK 50 million and delivery is scheduled for 2014.The Alfa Laval equipment will be part of the important auxiliary system on the platform.“This is the third large oil and gas order within a month, reflecting the good activity level in the sector. It confirms our strong position as a reliable supplier,” says Lars Renström, President and CEO of the Alfa Laval Group.Alfa Laval, December 18, 2013last_img

HMM Sells LNG Transport Business for USD 1.03 Billion

first_img此页面无法正确加载 Google 地图。您是否拥有此网站?确定 My location HMM, February 28, 2014 Print  Close zoom Hyundai Merchant Marine (HMM) will sell the LNG transport business for 1.1 trillion KRW ($1.03 billion) to solve the market’s concern on HMM’s financial status.HMM said that it sells the LNG business unit as part of its 3.3 trillion valued self-help plan presented last Decembe. HMM has also said that it expects to gain momentum on the implementation of its self-help plan, according to which the disposition was supposed to take place much later in June 2014.HMM recently started bidding for the sale of its LNG business unit and received LOIs (Letter of Intents) from 6 candidates on February 6th. HMM chose IMM Investment, Corp., as the preferred bidder. The sale value as a whole is estimated at about 1.1 trillion KRW; after an actual inspection on the preferred bidder, HMM will close the deal in the first half of this year.HMM owns 10 LNG vessels and is in a long-term charter contract with state-run Korea Gas Corporation until 2028. HMM has been transporting 7.3 million ton of gas, which is nearly 20% of South Korea’s annual LNG consumption.HMM plans to repay relevant debt with the proceeds from this disposition and to secure additional liquidity. HMM says it is expected to gain large profits because LNG business is undervalued on its books.The proceeds from this asset disposition, in addition to the 600 billion won in cash that HMM secured at the end of last year, will help solve most of the market’s concern on HMM’s financial status.Moreover, HMM has secured 56.3 billion KRW through the disposition of 18,097 container boxes in December 2013 and 46.5 billion KRW by selling 11.3 million shares in the KB Financial Group. HMM has also announced that it will procure 93 billion KRW by selling shares in the Shinhan Financial Group within 6 months. When HMM secures 70 billion won by selling its land property in Yongdang (in Busan, 453 kilometers south of Seoul), HMM’s self-help plan valued at 1.4 trillion won will become fully implemented.HMM will make additional capital procurement by implementing more self-help plans.One HMM official has commented, “It’s too bad that we had to sell the LNG Business Unit, which provided us with sizable profits and stable cash flow. But we’ll focus our ability on enhancing the global competitiveness of our containers and bulk units, and by doing so we’ll be able to become the best shipping company.”last_img read more

Bureau Veritas Snatches Offshore Technology Paper Award

first_imgzoom A team in the R&D department of international classification society Bureau Veritas, working with Brazil’s Petrobras, has been awarded the prestigious OMAE 2013 Best Paper of Offshore Technology Symposium for its paper detailing ground breaking research into second-order rolling of FLNGs.The basic research in the paper has led to a Joint Industry Project involving nineteen companies including most of the energy majors and managed by Bureau Veritas which is developing harmonised guidelines for the estimation of roll motions of FPSOs.The award was made on June 15 by the American Society of Mechanical Engineers (ASME) at the ASME 2014 International Conference on Ocean, Offshore and Arctic Engineering held in San Francisco.The award was given to Flavia C. Rezende, Manager, Bureau Veritas Technology Center, Rio de Janeiro, Allan C. de Oliveira, Petrobras R&D Center, Xiao-bo Chen, Director, Bureau Veritas Deepwater Research and Technology Center, Singapore and Fabio Menezes, Petrobras R&D Center, Rio de Janeiro.The paper, entitled “A Comparison of Different Approximations for Computation of Second Order Roll Motions for a FLNG”, details extensive research into the roll motions of FPSOs or FLNGs with long natural periods, above the periods of the waves, which is a non-linear response not yet fully understood. That research led to the start of the JIP Non Linear Roll which will deliver its results next year.Press Release, June 18, 2014last_img read more

MPA: 53 More Ships Go Green in Singapore

first_imgzoom The Maritime and Port Authority of Singapore (MPA) today recognised another 53 Green Ships from 41 companies that have qualified for the Green Ship Program (GSP) at the Third Singapore Registry of Ships Forum (SRS Forum).The GSP encourages Singapore-flagged ships to reduce carbon dioxide and sulphur oxides emissions. Qualifying Singapore-flagged ships can enjoy a reduction of Initial Registration Fees and a rebate on Annual Tonnage Tax. Since the GSP’s inception in 2011, 247 Green Ships under the Singapore Flag have joined the program.10 maritime companies signed the Maritime Singapore Green Pledge today.These include: Bernhard Schulte Shipmanagement (Singapore), Executive Offshore Pte Ltd, Maersk Drilling Holdings Singapore Pte Ltd, Odfjell Asia II Pte Ltd, Pan-United Shipping Pte Ltd, Rickmers Shipmanagement (Singapore) Pte. Ltd., Shenlong Maritime Pte Ltd, Solstad Offshore Asia Pacific Pte. Ltd., TATA NYK Shipping Pte. Ltd. and Vale.“ From 40 companies signing on to the Pledge in 2011, this has grown to 100 today. There are also now more than 200 ships under the Green Ship Program. We will continue with our efforts to promote cleaner, safer and more efficient shipping,” comments MPA’s Chief Executive, Andrew Tan.Five companies were also recognised for contributing up to the 85th million GT in the SRS tonnage.Participants of the forum also witnessed the signing of a Memorandum of Understanding (MOU) between MPA and Du Pont Company (Singapore) to collaborate on services and solutions for the maritime industry.The MOU outlines areas for collaboration on working relationships focused on developing value propositions for services and solutions for the maritime industry. The projects will aim to promote the adoption of safety, operational risk and sustainability management practices.last_img read more

Carisbrooke Opts for Optimarin’s BWT for Its Fleet

first_imgzoom Norway-based ballast water treatment (BWT) company Optimarin has inked a fleet agreement with UK shipowner and management company Carisbrooke for its Optimarin Ballast System (OBS). Under the contract, OBS retrofits could be installed on Carisbrooke’s entire fleet of 46 bulk and multipurpose vessels.According to Carisbrooke, the decisive part in securing the deal played Optimarin’s upcoming US Coast Guard approval, with numerous Carisbrooke vessels trading in US waters.In November 2015, Optimarin became the first UV system supplier to meet the most stringent USCG marine water requirements, positioning the Norwegian company for full USCG approval in 2016.The OBS system is also fully approved by IMO and certified through DNV GL, Lloyd’s, Bureau Veritas, MLIT Japan, and American Bureau of Shipping.“We’ve been 100% focused on ballast water treatment since our formation in 1994 and, with the ratification of the IMO’s Ballast Water Convention now imminent, forward-thinking shipowners who appreciate this unparalleled expertise are signing up for fleet agreements,” says Optimarin CEO Tore Andersen.Martin Henry, Carisbrooke’s Fleet Technical Director adds: “We believe this to be an excellent UV system, at a very competitive price, from a supplier with a genuine maritime heritage and understanding. This gives us complete peace of mind for future regulatory compliance, technical dependability and, importantly for Carisbrooke, environmentally responsible operations.”Carisbrooke is now assessing its fleet with the prospect of commencing installations in 2017. The size of the contracted vessels ranges from 5,000 to 20,000 dwt. Carisbrooke vessels trade in cargo including cement, coal, fertiliser and grain as well as special project loads such as wind turbine components and construction materials.last_img read more

ILO: Algeria Ratifies Maritime Labour Convention

first_imgzoom Algeria recently became the 79th Member State to ratify the Maritime Labour Convention, 2006 (MLC, 2006) with the International Labour Organization (ILO).The government of Algeria deposited the instrument of ratification of the MLC, 2006 in late July, marking another step towards worldwide ratification.The MLC, 2006 consolidates and revises the majority of the maritime labour instruments previously adopted by the ILO.The convention, which is considered the “fourth pillar” of the international regulatory regime, together with the International Maritime Organization (IMO) Conventions SOLAS, STCW and MARPOL, represents a turning point, since both seafarers and shipowners can benefit from the standards that it sets, ILO said.In 2015, the Algerian merchant fleet counted 138 ships totalling 747,500 gross tonnage and the country estimated global supply of seafarers amounted to 1,137.last_img read more

Partners Eye LNGFuelled VLOC Design

first_imgzoom Hyundai Heavy Industries, Lloyd’s Register, Woodside Energy, Anangel Maritime Services and General Electric Company revealed their intention to commence work on a joint project aimed at exploring the sustainability of technologies for large ships, such as very large ore carriers (VLOCs).This was announced at Gastech 2017, a gas and LNG exhibition and conference being held in Japan from April 4 to 7.The first stage of the joint design project encompasses conventional dual-fuel powered VLOC incorporating proved technologies, while at the next stage the parties will investigate the design and benefits of next-generation LNG-fuelled propulsion systems.A program of work has been agreed by the parties to address design, construction and operational aspects including LNG bunkering. The aim is to create a new generation of cost-efficient, safe, reliable and environmentally optimised design for large ore carriers, according to Lloyd’s Register.Since the International Maritime Organization (IMO) nitrogen oxide and sulfur oxide emission limitations have been introduced and developments in the global supply of gas increased, there is a need for ship designs to evolve to provide further alternatives to traditional oil-fuelled designs, Lloyd’s Register said in a statement.In this regard, the ship propulsion design burning natural gas is considered as the most favorable option and the adoption of gas storage, supply and propulsion technologies is not only environmentally friendly but also provides possibilities for cost-efficient design and operation.last_img read more

MOL Gets Nod for Future Design of LNGFuelled Boxships

first_imgzoom Japan-based Mitsui O.S.K. Lines (MOL) and South Korean Samsung Heavy Industries (SHI) have received an Approval In Principle (AIP) for the future design of a series of four LNG-powered 20,000 TEU containerships, which have been under construction.Issued by the international classification society DNV GL has issued, the AIP covered the boxships which were ordered from SHI in 2015. The ships were designed in anticipation of using LNG as a fuel, ahead of more stringent environmental regulations that will take effect in the coming years.At the construction stage, MOL and SHI developed a basic plan targeting vessels in service, performance evaluation, compliance with new regulations, and risk assessment (Hazard Identification Study (HAZID)) in a joint study, and completed the basic design in March.Global regulations on exhaust emissions from merchant vessels, not only by the International Maritime Organization (IMO) and other specialized international bodies, but also by countries all over the world are becoming tighter, therefore MOL continued its studies on the use of LNG fuel in light of growing demand for next-generation clean fuels to replace conventional heavy fuel oil.The new design characteristics will feature an optimal retrofit plan targeting vessels in service, suitable LNG fuel tank layout and design for ultra-large-scale containerships, suitable LNG fuel supply system to ensure maximum engine power output for ultra-large-scale containerships and dual-fuel engine systems that allow the use of either LNG or heavy fuel oil.LNG bunkering system for the vessels has not been established yet, but is expected in the near future as studies on the use of LNG as a clean, environmentally friendly fuel are underway around the world.The first vessel of the series, the MOL Triumph, was delivered on March 27, which can be converted to run on LNG fuel when the LNG supply is commercially completed.last_img read more

US Senators Push to Exempt Puerto Rico from Jones Act

first_imgzoom US Senators John McCain and Mike Lee have introduced legislation that would permanently exempt Puerto Rico from the Jones Act to aid recovery efforts in the wake of Hurricane Maria and encourage long-term economic growth.While the Trump administration granted a 10-day Jones Act waiver for Puerto Rico on September 28, the senators’ legislation, introduced the same day, would provide Puerto Rico with “the permanent, sustainable relief it needs to rebuild.”“While I welcome the Trump administration’s Jones Act waiver for Puerto Rico, this short-term, 10-day exemption is insufficient to help the people of Puerto Rico recover and rebuild from Hurricane Maria,” Senator McCain said.“Our legislation would permanently exempt Puerto Rico from the Jones Act, an antiquated, protectionist law that has driven up costs and crippled Puerto Rico’s economy. For years, I have fought to fully repeal the Jones Act, which has long outlived its purpose to the benefit of special interests. It’s time for Congress to take action, end this injustice, and help our fellow citizens in this time of need.”The Jones Act requires that all goods shipped between waterborne ports of the United States be carried by vessels built in the US and owned and operated by Americans. Shipping costs from the US mainland to Puerto Rico have been estimated to be twice as much as from neighboring foreign islands.last_img read more

Report HSH Nordbank to Land USD 237 Mn from Sale

first_imgzoom German shipping lender HSH Nordbank could fetch a price of USD 237 million (EUR 200 million) from potential new buyers, the Wall Street Journal reported citing unnamed sources.Cerberus Capital Management LP and J.C. Flowers have submitted a joint bid, while Apollo Capital Management and London-based Socrates Capital filled separate offers, according to the report.The bids are said to be for the entire bank, not just its performing segment.The German financer confirmed in October that it had received several bids, but did not disclose the identity of the bidders, adding that the offers would be duly considered.The bank aims to close its privatization by the end of February next year, as required by the EU Commission.Over the recent months, HSH Nordbank has been working on cutting its exposure to bad shipping loans that had driven the bank into the red.To that end, the German bank concluded new business deals in its shipping segment on a restrictive basis.This means that the bank inked deals on financing exclusively with international shipping companies that have a good credit rating. In the third quarter of the year, the shipping segment was on budget, the bank disclosed, with a figure of EUR 0.4 (0.2) billion.In the group’s shipping portfolio, the non-performing exposure was reduced to EUR 5.8 billion from last year’s EUR 8.3 billion.In January this year, HSH Beteiligungs Management started the bidding process to sell the majority of the shares in HSH Nordbank. The company, owned by federal states Hamburg and Schleswig-Holstein, put up for sale up to 94.9% of HSH Nordbank’s shares.HSH Nordbank’s financial problems started in 2008 as the financial crisis disrupted a number of maritime loans, worth billions of euros.World Maritime News Stafflast_img read more

Logistics Units Push Cosco Shipping to Profit

first_imgzoomImage Courtesy: Cogent Holdings Limited COSCO Shipping International (Singapore) returned to profit in the first quarter of 2018, following the acquisition of two logistics units.The company’s profit for the period was at SGD 2.8 million (USD 2.1 million), compared to a loss of SGD 78.9 million (USD 58.8 million) seen in the same quarter a year earlier.Turnover from continuing operations increased to SGD 40.6 million for the first quarter of 2018 as compared to SGD 11.4 million reported in the previous year, mainly due to turnover of SGD 32.1 million from the newly acquired logistics businesses, namely Cogent Holdings Limited and PT Ocean Global Shipping.“The company aims to expand its logistics network in South and Southeast Asia through acquisitions and investments and is looking into potential targets to acquire and investment opportunities,” Gu Jing Song, Vice Chairman and President of the company, said.“We have only just started on our transformation journey and there is much to be done,” he added.last_img read more