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Articles posted by the international team of staff writers at The Maritime Executive.

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EIA: Sulfur Cap Effects Will Diminish Over Time

By MarEx 2019-01-16 19:36:03

The U.S. Energy Information Administration (EIA) has predicted that the effects of the sulfur cap on crude oil and petroleum product markets will be most acute in 2020 and will diminish over time.  Set to go into effect January 1, 2020, the new IMO regulations limit the sulfur content in marine fuels used by ocean-going vessels to 0.5 percent by weight, a reduction from the previous limit of 3.5 percent. The change in fuel specification is expected to put upward...

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Credit: Siemens Gamesa

Siemens Gamesa Launches Record Offshore Wind Turbine

By MarEx 2019-01-16 19:11:46

Siemens Gamesa Renewable Energy has launched the company’s first 10+ MW offshore wind turbine. The 10MW rating is made possible through a larger generator diameter, and by increasing the rotor diameter to 193 meters (633 feet), the new wind turbine offers up to 30 percent more annual energy production than its predecessor. Its 94-meter (308-foot) blades provide a swept area of 29,300 m². Each blade is almost the same length as one soccer field. The annual energy production of one...

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Despite Shutdown, BOEM Resumes Work on Offshore Drilling Plan

By MarEx 2019-01-16 18:52:00

The Bureau of Ocean Energy Management (BOEM), the permitting agency for offshore development in federal waters, has recalled 40 furloughed employees to work on the Trump administration's proposed offshore oil and gas leasing plan. The majority of the agency - including the departments that handle offshore wind development - will remain shut.  The closure of BOEM has significant implications for the wind industry, according to trade group Business Network for Offshore Wind. “There are a number of big, important offshore wind...

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New Global Alliance Commits $1 Billion to Ending Plastic Waste

By MarEx 2019-01-16 18:45:54

An alliance of global companies has launched a new organization to advance solutions to eliminate plastic waste in the environment, especially in the ocean. The cross value chain Alliance to End Plastic Waste (AEPW), currently made up of nearly 30 member companies, has committed over $1 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. The Alliance will develop and bring to scale solutions that will minimize and...

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Credit: CMA CGM

Ocean Alliance Unveils Day 3 Product

By MarEx 2019-01-16 18:14:36

CMA CGM, COSCO SHIPPING, Evergreen and OOCL have announced the launch of their Ocean Alliance Day 3 Product starting April 2019. The Group claims it will bring the largest service offer on the Transpacific trade with 19 services, a strengthened offer between Asia and Europe with the addition of a seventh service, a large offer between Asia and the Mediterranean with four services, two Transatlantic services linking North Europe to the East Coast of the United States and the Gulf...

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L to R: Nicolas Tsavliris, Andreas Tsavliris (Principal, Tsavliris Salvage),  Dimitrios Mattheou (Chairman,  Green Award Foundation), George Tsavliris (Principal, Tsavliris Salvage), Jan Fransen (Executive Director, Green Award Foundation)

Tsavliris Salvage Joins Forces with Green Award Foundation

By MarEx 2019-01-16 17:49:25

Tsavliris Salvage celebrated its induction into the Green Award Foundation during a reception at the Yacht Club of Greece on January 10, 2019. The senior management of the Green Award Foundation wholeheartedly welcomed Tsavliris Salvage, which offers a series of financial incentives to Green Award member companies, into the scheme. The prestigious Green Award Foundation certifies shipping companies and ships that demonstrate excellent performance. All certified companies have to meet strict requirements covering safety, quality and environmental conscience. The Tsavliris...

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Rolf A. Sandvik Resigns as CEO of The Fjords

By MarEx 2019-01-16 17:37:06

Rolf A. Sandvik is leaving his position as CEO of The Fjords. Sandvik, who has led the company since its formation in January 2015, has informed the board of his intention to step down. Vidar Hauståker, the Chief Financial Officer of The Fjords and Flåm AS, will act as interim general manager until a permanent replacement is recruited. The Fjords has delivered a strong performance since its launch, in addition to launching a new breed of environmentally friendly, passenger focused and multi-award winning vessels. The...

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Credit: Klaveness

Torvald Klaveness Chooses Marlink for Satcom and IT Management

By MarEx 2019-01-16 17:32:52

Marlink and its in-house IT specialist unit Palantir are to be the preferred supplier for vessels managed by Klaveness Ship Management AS. Vessel in the fleet will be equipped with an advanced solution, combining KeepUp@Sea remote IT service with Sealink VSAT connectivity, as well as XChange centralized communications management and global L-band back-up. This supports Torvald Klaveness’ ambition of becoming the leading digital bulk operator while optimizing their business operations through sophisticated IT and connectivity solutions. KeepUp@Sea’s highly automated and...

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Sandro Knecht Joins Imperial Logistics International

By MarEx 2019-01-16 17:30:02

Imperial Logistics International has appointed Sandro Knecht to the newly-created post of Chief Commercial Officer. Based at the company’s new offices in Zurich, and reporting to recently-appointed CEO Hakan Bicil, Knecht will be responsible for leading and managing business development, marketing and CRM, as well as the overall solutions offerings of Imperial Logistics International. Knecht’s first objective is the establishment of a new business development team to drive future growth and uncover new business opportunities primarily within Imperial Logistics International. This will...

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Credit: iMarine Software

SeaProc e-Procurement now Integrated into ShipNet One

By MarEx 2019-01-16 17:23:29

ShipNet was founded over 25 years ago with a vision of providing full ERP capabilities across commercial, technical and financial disciplines. Today, it continues to pursue that vision as “One Connected Maritime Platform.”    With the announcement of full integration between the SeaProc e-procurement platform and ShipNet, buyers now enjoy significant speed, accuracy and ease in handling transactions. Requests for quotations, purchase orders, contracts, invoicing and delivery receipts are directly interfaced. This allows buyers to conduct all their...

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