|.: 2-Dec-2019 :.
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Wartsila in licensing and co-operation deal for Silverstream s air lubrication system
Wartsila Corporation has inked a license and co-operation agreement for future sales and servicing of Silverstream s air lubrication system.
With the agreement Wartsila plans to offer the Silverstream System as part of its solutions for newbuild vessels for compliance with EEDI requirements, as well as for retrofits where the Finnish company is the primary provider.
The Silverstream System has been proven to reduce fuel consumption and related air emissions by 5 - 10%.
Under the agreement Silverstream s customers will have access to Wartsila s service network in over 70 countries for maintenance of their systems.
Noah Silberschmidt, ceo of Silverstream Technologies, said: "Today s agreement with Wartsila reinforces our position as the shipping industry s leading clean technology manufacturer. In Wartsila we find a partner as committed as we are to achieving a cleaner, more efficient and sustainable maritime industry."
Lars Anderson, director, propulsion, Wartsila Marine, commented: "Today s agreement enables us to facilitate the building of better vessels that meet tomorrow s challenges today, and Silverstream are the ideal partners to help us realise this goal."
Imabari, JMU Joining Forces in Capital Tie-Up
Japanese shipbuilding duo Imabari Shipbuilding and Japan Marine United (JMU) have formalized their business alliance by agreeing to enter into a capital tie-up.
The deal is being devised as part of the strategy of Japanese shipbuilders to unite forces to be able to compete on the global shipbuilding scene which is becoming ever more competitive, especially having in mind the ongoing mergers of South Korean and Chinese shipbuilding heavyweights.
Under the basic deal, announced last week, Imabari Shipbuilding plans to buy a nearly 30 pct stake in JMU via a shares purchase. The duo plans to finalize the agreement within the 2019 fiscal year, ending in March 2020.
The business alliance is expected to include the establishment of a joint company for the design and selling of ships, excluding LNG carriers, and the overall bolstering of future production systems of the two shipbuilders.
It is estimated that the combined entity would account for 10 percent of the global shipbuilding industry.
The consolidation wave among Japanese shipbuilders has been in progress since 2016, with Mitsubishi Heavy Industries (MHI) launching talks to form alliances with three compatriot shipbuilders - Imabari Shipbuilding, Oshima Shipbuilding and Namura Shipbuilding.
The move has been proposed as a way to counter a major industry slump in the shipbuilding sector. In particular, since the competition for the new orders became ever fiercer.
The downturn has seen China merge its top shipbuilders China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Company (CSIC).
China Shipbuilding Corporation, which was described by the country s officials as "the world s largest shipbuilding group" was unveiled last week and it has already secured a mega order from Evergreen.
Meanwhile, South Korean top builders, Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), are undergoing a regulatory review of their proposed merger.
Cargo ship bound for Turkey ran aground, river Don, Russia
General cargo ship MIR JALAL PASHAYEV ran aground at 3164.5 kilometer mark, river Don, at around 0430 Moscow time Dec 1, while proceeding downstream from Rostov to Azov sea with cargo of sunflower cakes. The ship reportedly, is bound for Turkey. As of 1700 Moscow time Dec 1, the ship was still aground, attempting to refloat with the help of two tugs. Damages unknown, probably none.
Car carrier fire west of Brest, France
Car carrier RCC PASSION reported fire in engine room at around 1700 UTC Dec 2 in Celtic sea some 40 nm WNW of Ushant Island, said MRCC Corsen, France. Firefighters team was transferred on board of car carrier by helicopter, crew meanwhile, fought fire by own means.
Revised port vision gives direction to Port of Rotterdam ambition
The city council of Rotterdam has today adopted the revised Port Vision. The creation of economic and societal value and realising sustainable growth form the core of the revised Port Vision. The revised Port Vision was approved by the Port of Rotterdam Authority s Supervisory Board earlier this year.
Second LNG wave set to drive European terminal expansions
A second wave of LNG to Europe expected from 2023 has been the cause of a flurry of activity in capacity increases at a number of terminals, including Gate, according to according to Stefaan Adriaens, commercial manager at the Dutch Gate terminal. This trend could continue over the coming years.
Panama Canal: Upholding a Legacy of Sustainability in a Shifting Landscape
Late last month, the United Nations Conference on Trade and Development (UNCTAD) published its Review of Maritime Transport 2019. The report addressed the industry s quickly shifting landscape and range of challenges, making one rising concern very clear-climate change.