SMI Newsdesk Archives

Wärtsilä combines its ship design units

Wärtsilä is to combine all its ship design units into a single entity, to be known as Wärtsilä Ship Design. The units involved in this re-organisation include the recently acquired naval architect companies Vik-Sandvik of Norway, Conan Wu & Associates (CWA) of Singapore, and SCHIFFKO of Germany, as well as the company’s conceptual ship design unit in Finland.

The new set up will generate a variety of new designs, from Read More…

Norshipping gets underway

Despite a disappointing turnout at the Oslo Town Hall, Mayor Fabian Stang welcomed guests from over 53 countries around the world and declared this year’s Nor-Shipping officially open.

Tollef Schiander, organiser of the event, said Nor-Shipping was Oslo’s largest exhibition and with every hotel bed taken up, was proving as popular as ever.

Piracy attacks predicted to double in 2009

The number of piracy attacks in Somalian waters have been revealed as higher than figures previously released by the International Maritime Bureau (IMB) and are expected to double from last year’s figures, according to the latest research from maritime security company RiskIntelligence, reports Amy Kilpin from Oslo.

With 135 attacks to date this year, the piracy risk expert has predicted that if current levels are maintained, a total of 314 attacks are Read More…

Owners losing money in unmonitored port management costs

Port agencies have been exposed as having the “upper hand” when it comes to port management fees, costing shipping companies unnecessary and disproportionate expense due to inconsistent information in ports, writes Amy Kilpin in Oslo.

Addressing members of the international maritime press on the opening press day of Nor-Shipping 2009 at Oslo’s Shippingklubben, DA-Desk has unveiled itself as a new industry solution to independent port cost management and has been Read More…

Shipping can cut emissions by 15% now, claims DnV’s Svensen

By Sean Moloney, Oslo

Shipping produced emissions of CO2 could be cut by ‘a significant’ 15% within the next couple of years if ship owners followed a series of simple procedures, according to Tor Svensen, COO of leading class society DNV.

If the procedures were followed through correctly, and with the help of new ship designs, then emissions could fall by as much as 50% by 2030 and Read More…

DNV will show off fuel cell technology in Copenhagen

Norwegian classification society DNV is planning to prove that shipping is doing its part to improve the environment by showing off its latest fuel cell technology onboard an offshore support vessel that will be moored in the port of Copenhagen during the December global environment talks in the Danish capital.

A company spokesman told SMI that the technology developed as part of the Orcelle project would be installed on a Read More…

Hutton’s expands to Milford Haven

Major UK ship supplier, Hutton’s, has underlined its commitment to the UK chandlery sector by acquiring Milford Haven-based Pan Europe Ship Supply Ltd, for an undisclosed sum.

Pan Europe will operate under the Hutton’s brand and will continue to be one of the leading suppliers of provisions as well as medical, technical and industrial stores to all vessels loading and/or discharging at Milford’s Oil & Gas Refineries which Read More…

Costa duo sets Guinness World Record

Costa Cruises has good reason to crack open the champagne as it jointly christens two new ships at a Guinness World Record breaking event in Genoa, representing an investment worth more than €900 million.

As part of Costa’s expansion plans including three further newbuild vessels due for delivery by 2012, the 13th and 14th additions to the fleet are a demonstration of the company’s efforts to defy the economic Read More…

Wallem’s commercial services expand to Europe

Wallem has returned to the financial heart of London, with Stephen Walker establishing the Commercial Services arm of Wallem Group in Europe.

He has joined Wallem after 10 years at the Structured Finance Division of the Royal Bank of Scotland. During the 1990s he worked in Germany with ship finance house Hansa Treuhand AG & Co. in Hamburg.

Mr Walker will be working closely with Richard Trythall and Michael Read More…

Major shipping companies fight Norwegian taxes in court

BW Gas and Farstad Shipping, two of the world’s major shipping companies, have commenced their court cases against the Norwegian Government’s demand for $2.3bn back-tax which is hammering the industry and damaging its flag reputation.

Imposed in 2007, the tonnage tax scheme has imposed an additional $2.3bn in back taxes on undisputed profits retained by shipping companies over numerous years, and Norwegian companies are seeking to reverse the back tax Read More…

First ever Grounding Avoidance System installed on BP vessel

Drydocks World-Dubai, subsidiary of Drydocks World, has created a revolutionary benchmark for the shipping industry with the first ever instalment of a new advanced Grounding Avoidance System on the 46,803 tonne oil tanker, British Tenacity, for BP Shipping.

Developed by Marine Electronics Ltd in conjunction with BP Shipping, the trial instalment of the Grounding Avoidance System consists of a three-dimensional, forward-looking sonar system that helps identify obstacles anywhere in Read More…

A jumbo vision at the Port of Montreal

The Bickerdike Basin at the Port of Montreal played theatrical host to an operational extravaganza as it witnessed the transhipment of a 784 tonne vacuum tower measuring 50.6 metres long, 16.8 metres wide and 13 metres in diameter – the largest ever piece of equipment to transit through the port.

This monumental piece of equipment, used by the oil industry to process crude oil, was loaded in Spain onto Read More…