business

C-Shipping Facilitates More Cargo Transfer Via Rotterdam

Rotterdam players join forces in C-Shipping, reports Port of Rotterdam.

C-Shipping & Logistics

C-Shipping & Logistics handles freight transport from origin to destination and is a strong new addition to the port of Rotterdam’s roster of players.

The new company was founded by Rederij de Jong, after teaming up for the occasion with two other big names in shipping and transport: Wouter Kleiss and Mathijs van Schaik.

As operational directors, Kleiss and Van Schaik bring along a large network in the...

http://mfame.guru/c-shipping-facilitates-more-cargo-transfer-via-rotterdam/

Maersk Supply Service Reaches a Milestone With New Offshore Project

In a major development, Maersk Supply Service has announced that they will provide an integrated mooring lines life extension solution for Shell’s FPSO Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro, says an article published in World Oil

Milestone for Maersk

“This is an important milestone for Maersk Supply Service both locally in Brazil, and globally as we continue to grow our integrated solutions business. From...

http://mfame.guru/maersk-supply-service-reaches-a-milestone-with-new-offshore-project/

ABB Launches Compact Low Speed Engine Turbocharger

ABB Turbocharging has launched the new A255-L and A260-L turbochargers optimized for small and medium bore two-stroke diesel and gas engines, says a press release published on their website. 

Launch to satisfy increasing demand

In response to increasing demand for compact and efficient turbocharger technology for marine engines, ABB Turbocharging has launched the new A255-L and A260-L turbochargers optimized for small and medium bore two-stroke diesel and gas engines.

Scaled down from the proven...

http://mfame.guru/abb-launches-compact-low-speed-engine-turbocharger/

BW LPG Shares

BW Group Limited (“BW Group”) has retained Skandinaviska Enskilda Banken AB (publ) Oslo Branch as manager and bookrunner (the “Manager“) to explore the sale of up to 7,000,000 common shares in BW LPG Limited (“BWLPG.OL”, or “BW LPG“, or the “Company“) through an accelerated bookbuilding process (the “Placement“), reads company’s press release.

Outstanding shares in BWLPG

The Placement represents up to approximately 5% of the outstanding shares in BWLPG, and assuming all shares offered in the...

http://mfame.guru/bw-lpg-shares/

Global Ship Lease Secures $268 Million Credit Facility for Debt Refinancing

  • Refinancing reduces the average cost of debt and significantly extends maturities from 2020 to 2024.
  • Global Ship Lease has agreed to a new syndicated $268 million senior secured credit facility.
  • The credit facility is comprised of two tranches with major commercial lenders and expects to draw the first tranche $230 million shortly.

According to an article published in Nasdaq, Global Ship Lease, Inc. announced that it has agreed to a new syndicated $268 million senior secured credit facility...

http://mfame.guru/global-ship-lease-secures-268-million-credit-facility-for-debt-refinancing/

Laundered Air On The High Seas – IMO 2020

According to an article published in Mondaq, the shipping sector accounts for 12% of global sulphur dioxide emissions, 13% of global nitrogen oxide emissions and 3% of global carbon emissions.

Steps to control airborne emissions from ships 

The International Maritime Organization (IMO) developed the International Convention for the Prevention of Pollution from Ships (MARPOL Convention) with the aim of preventing pollution of the marine environment by ships. 

Regulations for the Prevention of Air...

http://mfame.guru/laundered-air-on-the-high-seas-imo-2020/

AVIC Calls for Trading Halt as Libra Group Suspends Shares

  • AVIC International Maritime Holdings has requested a trading halt.
  • Libra Group has called for a trading suspension as it is unable to continue as a going concern.
  • Libra is assessing the impact of these matters and will consult with legal advisers on how to proceed.

According to an article published in Business Times, AVIC International Maritime Holdings has requested a trading halt pending the release of an announcement, while Libra Group has called for a trading suspension as it is unable to...

http://mfame.guru/avic-calls-for-trading-halt-as-libra-group-suspends-shares/

SROCC: Towards a Pollution-Free Ocean

The latest Intergovernmental Panel on Climate Change (IPCC) Special Report highlights the urgency of prioritizing timely, ambitious and coordinated action to address unprecedented and enduring changes in the ocean and cryosphere, reports IMarEST News.

Sustainable future 

The report reveals the benefits of ambitious and effective adaptation for sustainable development and, conversely, the escalating costs and risks of delayed action.

The ocean and the cryosphere – the frozen parts of the planet –...

http://mfame.guru/srocc-towards-a-pollution-free-ocean/

Brand New Bunker Firm Hits Market

Former Integr8 staffers have formed a new bunkering outfit under the aegis of the Borealis shipping group, reports Ship & Bunker.

Aurora Marine Fuels

The company, Aurora Marine Fuels, is in the process of getting organised to meet the bunker fuel needs of its parent company’s ships.

“The plan is to service the Borealis fleet,” executive director Daniel Cheverall told Ship & Bunker. Two ex-colleagues, David Raeburn and Sam Groves, will be joining Cheverall shortly, he added.

Borealis Maritime fleet

Fu...

http://mfame.guru/brand-new-bunker-firm-hits-market/

Shipping Problems Turning To Become Blessings in Disguise!

According to an article published in Seeking Alpha, the story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another.

Brief respites

Brief respites were quickly crushed by over-aggressive owners ordering newbuilds (which were at fire-sale prices due to a massive glut in shipyard capacity) at the first sign of any bullish sentiment, or even at the mere forecast of changing winds.

Investors saw yields dry up, share...

http://mfame.guru/shipping-problems-turning-to-become-blessings-in-disguise/

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