MIAMI, March 13, 2019 – Adventurous luxury travelers can now book their 2021 expeditions aboard Crystal Endeavor, as reservations open today for the polar class expedition yacht’s full year. The journeys range from 10-28 nights, sailing expeditions of true adventure, wilderness and wildlife, and deep cultural immersions in Antarctica; Japan; the Russian Far East, Aleutian Islands and Alaska; Australia/Tasmania and New Zealand; Indonesia and the Indian Ocean; Norway and the United Kingdom; Western Europe; Canary Islands and Atlantic; and South America. Crystal Endeavor’s groundbreaking itinerary through the Northeast Passage – announced last month and initially opened for bookings only to Crystal Society guests – has received significant response from travelers with just a few suites still available. “The enthusiasm from travelers surrounding Crystal Endeavor has definitely carried over from her inaugural season. The new 2021 voyages are innovative expeditions designed to showcase some of the most legendary destinations, as well as those that reach beyond typical travel lists, and some unexpected discoveries along the way,” said Carmen Roig, Crystal’s senior vice president, marketing and sales. Crystal Endeavor will be outfitted to maximize guests’ explorations of the bio-diversity and varied terrain featured on the expeditions, offering scuba diving, Zodiac landings and aerial tours in select locales. On board, guest expedition guides, scientists and destination experts will lead interactive presentations that focus on the history, traditions and natural landscapes unique to each region. At all times, itineraries and ports of call are subject to the Captain’s discretion based on prevailing weather and ice conditions and government permits. Wildlife sightings and wilderness highlights on any itinerary cannot be guaranteed. The German-built, 20,000-GRT Crystal Endeavor will accommodate just 200 guests with elegantly casual, expansive public spaces; all-suite, butler-serviced guest rooms; Michelin-inspired dining options including Master Chef Nobu Matsuhisa’s Umi Uma & Sushi Bar; full-service Crystal Life Salon & Spa and state-of-the-art Fitness Center. Expedition-specific amenities and spaces will enhance guests’ experience, including designated “mud rooms” and helicopter lounge. The ship is being built at MV WERFTEN Shipyard in Stralsund, Germany. Fares from $9,549 per guest with up to $10,000 Book Now Savings per suite when booked by April 30, 2019. About Crystal Only the world-renowned Crystal Experience offers an unwavering, unparalleled standard of excellence and luxury across four distinct cruising options: Crystal Cruises, the World’s Most Awarded Luxury Cruise Line; Crystal River Cruises, the World’s Most Luxurious River Cruise Line; Crystal Yacht Cruises, offering boutique luxury and bold adventure in the world’s most elite harbors; and Crystal Expedition Cruises, taking Crystal’s acclaimed elegance to the farthest reaches of the world. Crystal has been recognized with top honors in the Condé Nast Traveler Readers’ Choice Awards for a record 25 years; voted “World’s Best” by the readers of Travel + Leisure for 20 years; and won the “Best Luxury Cruise Line” by Virtuoso for four years (2014, 2015, 2016 & 2018). Crystal is proud to be a platinum partner of the advisors of ASTA. For more information and Crystal reservations, contact a travel advisor, call 888.799.2437, or visit www.crystalcruises.com. Join the hundreds of thousands who subscribe to the Crystal Insider blog, follow Crystal Cruises’ Facebook page and @crystalcruises on Twitter and Instagram, and engage in the conversation with #crystalcruises and #WhereLuxuryisPersonal.
MIAMI, FLA. (July 2, 2019) – Palace Resorts – the company that sets the standard in five-star, all-inclusive resort accommodations – in partnership with the Jamaica Tourist Board and Atlantic Records is pleased to announce, “Paradise in Paradise,” an exclusive performance with Bazzi, at Moon Palace Jamaica. The Chart-topping and multi-platinum R&B/Pop sensation, known for his massive hits like “Mine” and “Beautiful” feat. Camila Cabello will celebrate the release of his new single “Paradise” with an intimate and private show at the AAA Four Diamond-rated resort in Ocho Rios, Jamaica on August 19, 2019, at 8 pm. The concert is complimentary for guests staying at the resort. Bazzi, one of the biggest breakout artists of 2018, catapulted into mega-status with his massive hit “Mine.” The track, now certified three-times platinum, climbed to #1 at Pop Radio and top 3 at Rhythmic. Bazzi solidified his spot as one of music’s most promising newcomers with his follow-up hit “Beautiful,” collaborating with chart-topping singer/songwriter Camila Cabello. Both tracks are featured on Bazzi’s breakthrough debut album, ‘COSMIC,’ which has been streamed more than three billion times. Written predominantly by Bazzi and co-produced by Grammy-nominated Rice N’ Peas and Bazzi, ‘COSMIC’ has received ecstatic critical applause, with Billboard praising its “slinky, R&B-infused pop” and Playboy hailing the collection as “genre-bending.” “Bazzi’s ‘COSMIC’ seems primed to linger near the top of the albums chart for quite a while,” wrote Stereogum, while USA Today echoed, “Bazzi’s career is just getting started.” Bazzi supported his back-to-back hits with performances on The Ellen DeGeneres Show, The 92nd Annual Macy’s Thanksgiving Day Parade, Dick Clark’s New Year’s Eve, Jimmy Kimmel LIVE!, The TODAY Show, The Tonight Show Starring Jimmy Fallon, Late Night with Seth Meyers, and The 2018 MTV Video Music Awards – as a “Best New Artist” nominee. Bazzi has spent much of the past year on THE COSMIC TOUR, including a sold-out headline run, a special guest role on Camila Cabello’s sold out “Never Be The Same” North American tour, and support on the European leg of Justin Timberlake’s blockbuster “Man Of The Woods Tour.” This year, Bazzi has stepped up his game with a lauded debut at Coachella, a collaboration with Belgian DJ Netsky and rap legend Lil Wayne, the release of his critically acclaimed track “Focus” feat. 21 Savage, an appearance on Tyga’s new album, and his current radio single “Paradise,” which has already reached over 140 million streams since April. Bazzi recently performed “Paradise” at The 2019 MTV Movie & TV Awards. “As a brand that prides itself in bringing unforgettable experiences to its guests, we couldn’t be more excited to close out the summer with a chart-topping artist such as Bazzi. Since opening, Moon Palace Jamaica has hosted a diverse lineup of artists that has included well-known artists like Shaggy, Omi and MAGIC!” said Gibran Chapur, Executive Vice President of Palace Resorts. “We couldn’t be prouder to partner up with the Jamaica Tourist Board & Atlantic Records, to bring this unique experience to our guests.” This exclusive performance, taking place at Moon Palace Jamaica is a once in a lifetime opportunity for Bazzi fans to see him live in an intimate setting, with picturesque views of Ocho Rios. Performing a few of his popular hits, guests will be privy to see Bazzi perform, as part of the all-inclusive concept. In addition, Bazzi will host a special meet & greet for VIP guests of the resort. There couldn’t be a more perfect location to celebrate “Paradise” than in Jamaica. Ocho Rios is the center of Jamaica’s most popular attractions including Dunn’s River Falls, Mystic Mountain, and Dolphin Cove. Moon Palace Jamaica and its prime location in Ocho Rios make for the ideal vacation in paradise! Moon Palace Jamaica is Palace Resorts’ first property outside of Mexico and Jamaica’s most luxurious all-inclusive resort. The family-friendly property offers guests the opportunity to experience 17-acres of ivory sand on the longest stretch of private beach in Ocho Rios. The resort features the only FlowRider® Double wave simulator in Jamaica, lavish swimming pools, a kid’s water park, multiple dining destinations and bars, a gourmet corridor, an ultra-chic nightclub, NOIR, and signature AWE Spa®, the largest spa in Jamaica. The resort also offers an array of off-site activities such as kayaking, paddle boarding, or even taking a scenic catamaran ride through the clear waters of Ocho Rios. Guests have access to complimentary Wi-Fi, 24-hour room service, CHI products, and unlimited long-distance calls to the United States. Moon Palace Jamaica is on track to becoming one of the Caribbean’s top entertainment destinations with world-class performances. Moon Palace Jamaica all-inclusive accommodations start at $361 per person, per night, based on double occupancy. Guests who book a stay of five nights or more are privy to the most valuable vacation promotion on record – $1,500 Resort Credit, which can be used on spa and beauty salon treatments, golf outings, romantic dinners, wedding packages and off-site excursions and tours. To reserve your stay for “Paradise in Paradise” please visit https://jamaica.moonpalace.com/en. For additional high-resolution images, click here. About Palace Resorts With ten oceanfront resorts overlooking sparkling turquoise waters, Palace Resorts sets the highest standards for five-star all-inclusive vacations in Mexico and Jamaica. Offering luxurious and spacious accommodations accentuated by signature in-room double whirlpool tubs, nightly entertainment, the Caribbean & Mexico’s most extravagant spas, a premier Jack Nicklaus signature golf course, Palace Resorts sets the stage for a truly exceptional experience for travelers. The unparalleled level of service and comfort found at each property makes Palace Resorts a leading provider of world-class resort vacations. For more information, visit www.palaceresorts.com. About Jamaica Tourist Board The Jamaica Tourist Board (JTB), founded in 1955, is Jamaica’s national tourism agency based in the capital city of Kingston. JTB offices are also located in Montego Bay, Miami, Toronto, and London. Representative offices are located in Berlin, Barcelona, Rome, Amsterdam, and Mumbai. TripAdvisor® ranked Jamaica as the #1 Caribbean Destination and #14 Best Destination in the World in 2019. Also, this year, the International Council of the Pacific Area Travel Writers Association (PATWA) named Jamaica the Destination of the Year and TravAlliance Media named JTB Best Tourism Board, and Jamaica as Best Culinary Destination, Best Wedding Destination, and Best Honeymoon Destination. Additionally, the JTB has been declared the Caribbean’s Leading Tourist Board by the World Travel Awards (WTA) for thirteen consecutive years between 2006 and 2019. Jamaica also earned the WTA’s award for the Caribbean’s Leading Destination, Leading Cruise Destination and Leading Meetings & Conference Centre 2018 for the Montego Bay Convention Centre. Jamaica is home to some of the world’s best accommodations, attractions, and service providers that have won several awards throughout the years. For details on upcoming special events, attractions and accommodations in Jamaica go to the JTB’s Web-site at www.visitjamaica.com or call the Jamaica Tourist Board at 1-800-JAMAICA (1-800-526-2422). Follow the JTB on Facebook, Twitter, Instagram, Pinterest, and YouTube. View the JTB blog at www.islandbuzzjamaica.com.
A Memorandum of Understanding (MOU) was signed today (June 20) between Jamaica and the United States of America, that will see greater co-operation between both countries, on matters related to climate change and environmental best practices.The agreement will see the Ministries of Water, Land, Environment and Climate Change and Science, Technology, Energy and Mining collaborating with the United States Agency for International Development (USAID), to develop and promote environmental best practices.The programme of assistance will include a framework for the development of a Climate Change Policy, on which the government is working. A Low Emission Development Strategy (LEDS) and a National Adaptation Plan (NAP) will also be developed under the agreement.Environment Minister, Hon. Robert Pickersgill and Energy Minister, Hon. Phillip Paulwell, signed the agreement on behalf of the Government, at Jamaica House.Mr. Pickersgill noted that work has already started on the Climate Change Policy, adding that the Low Emission Development Strategy and the National Adaptation Plan would be developed quickly.“Under the Agreed Work Programme, the U.S. Government has pledged technicaland manpower assistance to the Climate Change Advisory Committee;on the establishment of Climate Change focal points; a technical expert to conduct analyses and provide guidance towards a Climate Finance Policy; knowledge sharing to facilitate GOJ participation in International fora on climate change and sustainable development; and advice on trilateral co-operation with other countries in Low Emission Development Strategy (LEDS),” Minister Pickersgill stated.The US government will also assist in identifying possibilities for joint collaboration and co-ordination in enhancing capacity for LEDS.Meanwhile, Minister Paulwell pointed out that in addition to facilitating opportunities for Jamaica’s development toward effective climate change and environmental protection, the MoU will facilitate greater collaboration between various agencies and the Ministries.He said the agreement provides practical applications which will benefit the country.“There are so many practical things that we’re going to be doing. We’re going to get technical support, but we’re going to get on-the-ground support out of this arrangement and it’s going to be for a number of years to come,” he told JIS News.US Ambassador to Jamaica, Her Excellency Pamela Bridgewater, who also addressed the signing ceremony, noted that her Government was very happy to establish a partnership agreement with Jamaica and be part of a movement where globally, countries are taking practical approaches to reducing greenhouse gas emissions.“The US government applauds this spirit of co-operation and hopes the initiative will help Jamaica achieve its sustainable economic growth and development objectives, becoming a more climate resilient and food secure nation in the process,” she said.Mission Director of the USAID, Denise Herbol, said the project is a flagship programme under US President Barack Obama’s Global Climate Change Initiative. The Initiative is tailored to each country’s needs and has so far partnered with 21 countries, including Jamaica.“The programme will build on existing climate change related plans and strategies in Jamaica. The MoU signing brings us one step closer to gaining increased access to clean energy, while accelerating development and economic growth,” the Mission Director said. By O. Rodger Hutchinson, JIS Reporter
The Government has embarked on a programme to expand irrigation on a number of farmlands located at the southern part of the country.“The efforts of this Government to expand irrigation is not only admirable, but critical. We are starting with Essex Valley, and there are also initiatives afoot to significantly improve irrigation in Southern St. Catherine and Clarendon, which have the largest tracts of flat contiguous fertile agricultural lands,” Minister of Industry, Commerce, Agriculture and Fisheries, Hon Karl Samuda, said.In a statement to the House of Representatives on Tuesday (January 23), Mr. Samuda argued that in this initiative, priority must be given to rehabilitating irrigation infrastructure that serves the sugar industry.This, he said, must be done by concreting earthen canals, rehabilitating wells and converting flood systems to pressurised systems to facilitate drip irrigation.“It is important to secure a minimum 7,500 hectares of sugar cane to ensure the viability of the Monymusk Factory. Beyond that, there are abundant lands suitable for other high-value crops,” he added.The Minister said that given the inability of irrigation to deal with flooding events and excessive rains, which are poised to become more frequent with climate change, focus must be placed on the rapid expansion of protected agriculture, such as greenhouse and hydroponics.“At the same time, we have to systematically address some of the structural issues, such as farm roads. In this regard, by the end of the financial year, we will spend in excess of $366 million,” he noted.He added that a substantial farm road programme will be a permanent feature of the Ministry going forward. Story Highlights The Government has embarked on a programme to expand irrigation on a number of farmlands located at the southern part of the country. In a statement to the House of Representatives on Tuesday (January 23), Mr. Samuda argued that in this initiative, priority must be given to rehabilitating irrigation infrastructure that serves the sugar industry. “It is important to secure a minimum 7,500 hectares of sugar cane to ensure the viability of the Monymusk Factory. Beyond that, there are abundant lands suitable for other high-value crops,” he added.
Speaking at a press conference at the Ministry of Education, Youth and Information in Kingston today (September 3), Minister of State, Hon. Floyd Green, said this year the focus will be on nation builders and youth leaders in corporate Jamaica. He said the Nation Builders award, which is a new segment of the recognition scheme, will reward youth who have dedicated their services to the development of communities. Nominations for the 2018 Prime Minister’s National Youth Awards for Excellence will open on September 6 and run until October 5. Story Highlights Nominations for the 2018 Prime Minister’s National Youth Awards for Excellence will open on September 6 and run until October 5.Speaking at a press conference at the Ministry of Education, Youth and Information in Kingston today (September 3), Minister of State, Hon. Floyd Green, said this year the focus will be on nation builders and youth leaders in corporate Jamaica.He said the Nation Builders award, which is a new segment of the recognition scheme, will reward youth who have dedicated their services to the development of communities.“Young people are shining right across Jamaica, so nominate our youth. Let us get the applications, so we can vet and see who are qualified,” Mr. Green added.The State Minister said that “we want to reward young people who have formed community groups, given back to the communities in different ways, and lobbied for community centres and sport facilities”.Mr. Green said he is encouraging persons to visit www.moe.gov.jm, or youthjamaica.com for application forms.The State Minister pointed out that the Corporate Leadership award, also new, is in keeping with the Government’s drive to create role models “among young people in business, and reward those young people in corporate life who have shown strong leadership”.The Prime Minister National Youth Awards for Excellence was introduced in 1998 to recognise young Jamaicans who have excelled and contributed to national development.Since its inception, 224 awards have been conferred on individuals in the fields of Academics, Sport, Arts and Culture, Environmental Protection, and Journalism.It is open to all Jamaican nationals between 15 and 29 years old who are living in Jamaica and the diaspora, who have attained excellence and world-class achievement.“We can hold them up as role models for other youth to excel and embrace their positive qualities,” Mr. Green said.
A sum of $100.9 billion is earmarked to implement 194 investment projects by Central Government and Public Bodies during the 2019/20 fiscal year, under the Public Sector Investment Programme (PSIP).This is according to the 2019/20 Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke.Just over $72 billion is programmed to commence or continue 100 projects by Central Government over the upcoming year, with $28.8 billion set aside to finance the remaining 94 by Public Bodies.The Central Government budget contains a $487.8-million contingency provision for new projects that were not finalised for inclusion in the 2019/20 Estimates of Expenditure but are expected to be approved by Cabinet during the new year.A disaggregation of the allocation’s funding sources shows that just over $43 billion or 59.7 per cent of this provision will be financed from the Consolidated Fund; 29.6 per cent through external loans; and 10.5 per cent from external grants.Approximately $17.7 billion or 61.4 per cent of the Public Bodies investment budget will be provided from the entities’ internal revenues, with the remaining $11.2 billion or 38.5 per cent from loans.The National Housing Trust’s (NHT) provision of $39.4 billion is the largest allocation.The projected PSIP sums over the next four fiscal years, according to the Fiscal Policy Paper, are 2020/21 – $112.7 billion, 2021/22 – $125 billion, 2022/23 – $124.6 billion, and 2023/24 – $101 billion.The PSIP is financed through a combination of government funds, loans and grants from International Development Partners, as well as funds from Self-Financing Public Bodies. A sum of $100.9 billion is earmarked to implement 194 investment projects by Central Government and Public Bodies during the 2019/20 fiscal year, under the Public Sector Investment Programme (PSIP). This is according to the 2019/20 Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke. Story Highlights Just over $72 billion is programmed to commence or continue 100 projects by Central Government over the upcoming year, with $28.8 billion set aside to finance the remaining 94 by Public Bodies.
zoom United Arab Shipping Company (UASC), the French liner CMA CGM and Germany’s Hamburg Süd have agreed to form a new service on the Transatlantic North trade routes, linking Northern Europe with the United States East Coast.The new service, starting in the third week of May, will call at the ports of Antwerp, Rotterdam, Bremerhaven, Le Havre, Southampton, New York, Norfolk, Charleston and Savannah and vice-versa, offering a weekly capacity allocation of around 3,300 TEU.Jørn Hinge, President and CEO at UASC, said: ”We are excited about the opportunities that this new Transatlantic service will create for UASC customers. By partnering with two of our key partners CMA CGM and Hamburg Süd, with whom UASC has important long-term agreements on other trades, we are confident that we will deliver fast transit times, high standards of reliability and service excellence on this route.”In September 2014, UASC announced the Ocean 3 alliance with CMA CGM and China Shipping Container Lines, for which services commenced in January. UASC has also entered into a general cooperation agreement with Hamburg Süd to secure entry to the South American trades for the first time, with services due to start in mid-April.UASC is also engaged in a major newbuilding program for 17 new ships; eleven 15,000 TEU vessels and six 18,800 TEU vessels.The first three 15,000 TEU vessels have been delivered to the UASC fleet, achieving the distinction of being the world’s first LNG-ready ultra-large container vessels. In total, 11 vessels from UASC’s newbuild program will be delivered by the end of 2015.
zoom The NYSE-listed dry bulk shipping company Diana Shipping Inc. has, through a separate wholly-owned subsidiary, entered into a time charter contract with China Shipping Bulk Carrier Co., Ltd., Hong Kong, for one of its Panamax dry bulk vessels, the m/v Calipso.The gross charter rate is USD 6,000 per day for a period of minimum ten months to maximum fourteen months. The charter is expected to commence tomorrow.The Calipso is a 73,691 dwt Panamax dry bulk vessel built in 2005.This employment is anticipated to generate approximately USD 1.8 million of gross revenue for the minimum scheduled period of the time charter.The Calipso’s previous employment was a two-year stint with Cargill International, with a gross charter rate of USD 8,100 per day.The company also announced that, in connection with its previously announced USD 55 million public offering of 8.500% senior unsecured notes due 2020, it has sold to the underwriters an additional USD 8.25 million in aggregate principal amount of the notes on the same terms and conditions, pursuant to the exercise of their over-allotment option.As previously announced, Diana plans to use the net proceeds of the offering for general corporate purposes and working capital, which may include the acquisition of additional new or secondhand vessels or the construction of newbuildings.
zoom German cruise operator TUI Cruises has secured financing from German banking consortium led by KfW IPEX-Bank for its order for two new ships from the Finnish yard Meyer Turku shipyard.The order follows construction of six sister ships at the yard and the latest ones are yet to become known as the Mein Schiff 7 and 8.Jointly with UniCredit and one other European commercial bank, KfW IPEX-Bank as one of the bookrunners structured the entire financing of the new ships for TUI Cruises and secured the order for the Meyer Turku shipyard with its commitment to finance the total loan amount. Additional banks contributed to the financing.“As one of the world’s leading providers of ship finance we are once again underlining our structuring expertise in the cruise sector with this commitment,” said Christian K. Murach, responsible member of the Management Board at KfW IPEX-Bank. “We are pleased to have been a reliable financing partner for the successful German shipping company TUI Cruises from the very beginning.”With its “Mein Schiff” fleet, currently comprising four vessels, TUI Cruises is one of the fastest-growing cruise operators in the German market. The fleet is to grow to six ships by 2017 when the vessels already under construction (Mein Schiff 5 and Mein Schiff 6) are completed. The two new ships that have now been ordered will respectively replace Mein Schiff 1 and Mein Schiff 2 in 2018 and 2019, thus contributing to the modernisation of the fleet, while also setting new standards in terms of environmental performance.
zoom Danish passenger and freight shipping company DFDS Seaways said it will terminate operations on the publicly owned ferry route between Dieppe in France and Newhaven in England after the company’s current contract expires at the end of 2015. The Syndicat Mixte de Promotion de l’Activité Transmanche (SMPAT), the public owner of the ferry route, announced that the ship management and route operation will not be tendered for 2016, and that SMPAT will start running the service itself as of January 1, 2016.DFDS will thus cease to operate the route connecting East Sussex with the European continent at the end of the year. However, DFDS will reportedly continue to handle bookings and marketing on the route until the end of March 2016 to allow smooth transition.The route has been bringing DFDS around DKK 300 million (USD 45.4m) in annual revenue.All seafarers and the majority of the shore-based organisation related to the route will be taken over by SMPAT, according to the statement.
zoom Kolkata-based shipping company India Steamship has reached and agreement to sell all four of its LR2 tankers to Greek Enterprises Shipping and Trading, according to data provided by VesselsValue.Under the deal, the company will sell the 2008-built Ratna Namrata, Ratna Shradha, Ratna Shruti and the 2010-built Ratna Shalini.Each featuring 105,800 dwt, the tankers were constructed by the South Korean shipbuilder Hyundai Heavy Industries.Three of the ships were sold for a price of USD 22.5 million a piece, while the youngest from the batch Ratna Shalini fetched a price of USD 26.5 million.VesselsValue data shows that the tankers secured a price which is over their market value of around USD 22.5 million and USD 24.8 million, respectively.The tanker quartet will join Enterprises Shipping and Trading’s fleet of 22 bulkers and 17 tankers.World Maritime News Staff
zoom Monaco-based tanker shipping company Scorpio Tankers has been tied to the sale of two medium-range 2 (MR2) chemical product tankers, VesselsValue’s data shows. The ships in question are STI Emerald and STI Sapphire and they have been sold for USD 28 million each to an undisclosed buyer.Both 52,000 dwt tankers were built at South Korean Hyundai Mipo shipyard in 2013.The Marshall Island-flagged vessels have a length of 183.3 meters and a width of 32.2 meters.When contacted, Scorpio Group’s spokesperson told World Maritime News that the company has “no comment on this market rumor.”Last month, the company entered into agreements to sell and leaseback three MR product tankers, STI Beryl, STI Le Rocher and STI Larvotto, to China’s Bank of Communications.The 52,000 dwt ships were also constructed at Hyundai Mipo in 2013.Recently, Scorpio Tankers released financial results for the first quarter of 2017 which show that the company suffered a net loss of USD 11.5 million, compared to a net income of USD 28 million posted in the same period of 2016. The decrease was driven mainly by low time charter equivalent (TCE) rates.World Maritime News Staff
zoom South Korea’s shipbuilder Samsung Heavy Industries (SHI) has developed a liquefied natural gas (LNG) regasification system for LNG floating storage regasification units (FSRUs).The system, called S-Regas(GI), utilizes glycol to regasify LNG into gas. It was presented to industry leaders on September 21.As SHI’s latest regasification achievement, following the direct sea water regasification system, S-Regas(GI) reduces chance of corrosion from traditional method of heating LNG directly with seawater, and is another energy efficient solution saving energy by 5%, the company informed.“In-house regasification system enables not only cost savings but also improvement in schedule and quality management, further enhancing SHI’s leadership in the LNG-FSRU market,” the builder said.“SHI will continue to lead market by developing the next generation technologies in the whole LNG value chain. With proven track record and experience we will meet customer’s needs such as saving operating costs of LNG-FSRU and solid performance,” an SHI representative added.
zoom Maritime trade union Nautilus has urged the UK government to clamp down on the operation of so-called Red Ensign Group (REG) ship registries from the same locations.In letters to foreign secretary Boris Johnson and shipping minister John Hayes, the union informed that the evidence of tax avoidance in UK overseas territories, revealed in the ‘Paradise Papers’, showed widespread use of UK territories and dependencies such as Bermuda, Gibraltar, the Cayman Islands and the British Virgin Islands to create mechanisms for companies and individuals to avoid tax liabilities.“The papers contain extensive references to members of the Red Ensign Group (REG) which offer shipowners considerable incentives as well as the opportunity to use low-cost labour. Essentially, we believe they also serve as another form of tax haven subsidised by the British taxpayer,” Mark Dickinson, General secretary of Nautilus International, said, adding that the UK’s relationship with the REG is inherently damaging for its domestic maritime policy objectives.The 2016 Shipping Fleet Statistics showed that the UK Ship Register (UKSR) now accounts for just 26% of the total REG deadweight tonnage, and the most recent UNCTAD Maritime Report showed that more than 80% of UK deadweight tonnage is registered with foreign flags.Additionally, Dickinson said that there is evidence that some of the REG registers fail to discharge their IMO/ILO convention responsibilities to the same level as the UKSR, and some are classed as Flags of Convenience (FoC) by the International Transport Workers’ Federation (ITF).“FoC registries, including those in the REG, make it more difficult for unions, industry stakeholders and the public to hold shipowners to account,” he said, adding that the publication of the Paradise Papers raises further questions about their long-term political sustainability.“The OECD in particular has been working towards increasing transparency and exchange of information among countries, and these moves will inevitably increase the pressure on the FoC system. Nautilus supports the ITF position that there should be a genuine link between the real owner of a vessel and the flag the vessel flies, in accordance with the United Nations Convention on the Law of the Sea (UNCLOS),” according to Dickinson.The General secretary called for ministers to make the findings of the Department for Transport’s study of the commercialisation of UKSR publicly available and ensure there is open debate on its recommendations.“There is, according to UNCTAD, 41 million dwt of tonnage beneficially owned in the UK but registered in these exotic locations. It’s time to bring those ships to the UKSR. Otherwise the suspicion will persist, as the Panama and now the Paradise Papers show, that the shipping industry is an integral part of a global and dirty business of tax and regulatory avoidance,” Dickinson concluded.
zoomImage Courtesy: DNV GL Classification society DNV GL and a subsidiary of Keppel Offshore & Marine (Keppel O&M) have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel.The deal, signed with Keppel’s subsidiary Keppel Marine and Deepwater Technology (KMDTech), covers potential newbuilding projects including LNG bunker vessels, small-scale LNG carriers and floating storage regasification units (FSRUs), as well as LNG related assets employing battery and hybrid technologies.As the first delivery in the agreement, DNV GL will issue Approval in Principle (AiP) certificates for two LNG bunker vessel designs from KMDTech. The designs are for two 7,500 cbm small-scale LNG carriers with bunkering capabilities, with one of them featuring hybrid battery propulsion.They are equipped with engines that can run on both diesel and LNG, and will also have a class notation for bunkering which enables the provision of LNG bunkering services if required.In light of the upcoming IMO 2020 SOx regulations, LNG as marine fuel is viewed as one of the most viable options for deep-sea shipping. DNV GL’s Maritime Forecast to 2050, part of the research behind the DNV GL Energy Transition Outlook 2018, projects that more than 10 per cent of the world’s shipping fleet will be powered by LNG by 2030, compared to less than 0.3 per cent in 2019. The report anticipates that LNG powered vessels will make up 23 per cent of the world’s fleet by 2050.In order to support this growth, an upgrade of LNG bunkering infrastructure is needed.“One of the objectives of our collaboration with Keppel is to facilitate the increased supply of LNG bunkering infrastructure by being future ready through design approvals of different sizes of LNG bunker vessels, and LNG-related assets such as small-scale LNG carriers and FSRU,” said Johan Peter Tutturen, Business Director Gas Carriers in DNV GL.The collaboration is also intended to further advance asset design by optimizing machinery and systems configuration to increase fuel efficiency, using advance simulation tools.
The three-year, $15-million project to repair the Seal IslandBridge — a vital link for Cape Breton motorists and industry –received honours from Lt.-Gov. Myra Freeman today, April 20. The Department of Transportation and Public Works shared theLieutenant Governor’s Award for Engineering Excellence withconsultants CBCL Limited of Halifax for the major overhaul of theprovince’s third largest bridge. “This was a complex and challenging construction project that hasadded several decades to the useful life of this magnificentbridge,” said Transportation and Public Works Minister RonRussell. “Everyone involved in the planning and construction ofthis important project should be very proud of this award.” Forty years of wear and tear from traffic, and exposure to windand salt spray, necessitated a major overhaul of the Seal IslandBridge. The road deck needed complete replacement, and the steeltruss work needed reinforcement. “This project exemplified co-operation, with a high-tech designthat more than met expectations in terms of minimizing trafficdisruption,” said Alan Perry, president of CBCL Limited. “With aresourceful contractor, All Steel Coatings, and subcontractors,Strescon Limited and Marid Industries Limited, we were able tomeet stringent tolerance and quality requirements, and satisfy adepartment of transportation interested in applying newtechniques to affect improvements in the durability of NovaScotia’s highway infrastructure.” The bridge is a critical link in the province’s highway system,carrying more than 7,500 cars a day in peak periods. Closing itwould have created detours up to three hours long. Engineerssolved the problem by using precast concrete panels that could beplaced onto the bridge one at a time. The panels were cast at anoffsite plant under ideal conditions for quality control, thentrucked to the bridge and set in place with boom trucks. This technique allowed the bridge team to keep one lane open totraffic except for occasional, brief closures. A communicationsprogram kept motorists informed of expected bridge delays, andthe bridge team worked closely with fire, police, and ambulanceservices to ensure speedy crossings in emergencies. “That the majority of the work on this most complex and difficultbridge reconstruction project was carried out by Nova Scotiacompanies is a reflection of the engineering and constructionexcellence in our province,” said Mr. Russell. The bridge, which spans the Great Bras d’Or Channel between NewHarris and Boularderie Centre, was originally opened in 1961 aspart of the Trans-Canada Highway system.
Un cinquième décès dans le cadre de la deuxième vague de grippe H1N1 a été confirmé aujourd’hui 26 novembre par le ministère de la Promotion et de la Protection de la santé. L’homme de la région de la régie régionale de la santé Capital était dans la quarantaine et n’avait aucune condition médicale sous-jacente. « J’aimerais transmettre mes plus sincères condoléances à la famille et aux amis de la personne pendant cette période difficile, » a dit le Dr Robert Strang, médecin-hygiéniste en chef de la Nouvelle-Écosse. Ce décès est le sixième dans la province depuis le mois de juillet. « Cet événement tragique nous rappelle encore une fois la gravité de cette maladie, a dit le Dr Strang. Tout le monde est à risque de contracter la grippe H1N1. Nous voyons des cas de personnes en bonne santé qui développent une maladie grave et débilitante. Je recommande fortement à tous les Néo-Écossais de se faire pour se protéger eux-mêmes et pour protéger leurs amis, leur famille et leur communauté. »
Select Nova Scotia invites the public to a winter, local food celebration showcasing some great, fresh Nova Scotia products on Wednesday, Feb. 24. The menu will feature beef stew, compliments of The Wooden Monkey, various varieties of Annapolis Valley apples, compliments of Nova Scotia Fruit Growers Association, and Graves apple juice, compliments of Great Valley Juices. The event will be emceed by Bill Carr. Stop by during the lunch break for a taste of local stew and apples, too! The eat local in winter event takes place from noon to 2 p.m. at Grand Parade, Halifax. For more information about IncrEDIBLE February and Select Nova Scotia, go to www.selectnovascotia.ca.
All services offered at the Access Nova Scotia Centre, 650 Portland St., Dartmouth, are now available. There will be construction to repair damage from a water line break, which limited service for two days. Service Nova Scotia and Municipal Relations apologizes for any inconvenience this may have caused. -30-
The official ceremony scheduled for Tuesday, May 31, at Province House to welcome Gov. Gen. David Johnston and Her Excellency Sharon Johnston has been cancelled. As Commander-in-Chief of the Canadian Forces, the Governor General will attend the repatriation ceremony for Bombardier Karl Manning. Bombardier Manning, of the First Royal 22 Regiment Battle Group based in Valcartier, Que., died Friday, May 27, in Afghanistan. Premier Darrell Dexter extended condolences to the family, friends and colleagues of Bombardier Manning. “Every life lost is one too many,” said Premier Darrell Dexter. “The men and women of our forces make many sacrifices while helping to make life better for the people of Afghanistan. On behalf of all Nova Scotians, I want to offer our deepest condolences during this difficult time.” Their Excellencies will arrive in Halifax on Tuesday evening. All other scheduled events will remain the same. Their Excellencies will be in Halifax on Wednesday, June 1, and in Cape Breton on Thursday, June 2. For the complete itinerary, visit www.gg.ca .