DHT Holdings, Inc. announces the resignation of Carsten Mortensen and appointment of Anders Onarheim to its board of directors


HAMILTON, BERMUDA, October 3, 2018 - DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today announced that Mr. Carsten Mortensen has resigned from the Company's board of directors and that the Company has appointed Mr. Anders Onarheim to its board of directors, effective immediately, as a Class III Director with a term expiring at the Company's 2021 annual meeting of shareholders.



Mr. Anders Onarheim has more than 30 years of experience from the capital markets, both in Norway and internationally.  His experience includes 16 years at Carnegie Investment Bank in Norway, where he served as Managing Director and then CEO, as well as several years as Executive Director in the investment banking division of Goldman Sachs in London, and as Vice President of institutional sales at Merrill Lynch in New York and London.  He has held a number of board directorships within both industrial companies and investment firms.  Current directorships include North Energy ASA, Reach Subsea ASA and BW LPG.  He holds an MBA from Washington University of St. Louis where he graduated in 1986.  Mr. Onarheim is a Norwegian citizen and resident.


ABOUT DHT HOLDINGS, INC.

DHT is an independent crude oil tanker company operating a fleet of crude oil tankers in the VLCC and Aframax segments.  We operate through our integrated management companies in Oslo, Norway and Singapore.  For further information: www.dhtankers.com.



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NEWPORT SHIPPING PURCHASES 100 SCRUBBERS FOR TURNKEY RETROFIT SERVICES


Newport Shipping Group has purchased 100 scrubbers with options for an additional 100 units from Chinese scrubber manufacturer Weihai Puyi Marine Environmental Technology Co (Puyier).


The bulk purchase of scrubbers, which aims to safeguard shipowners against any price hikes or production bottlenecks as demand increases, coincides with the signing of cooperation agreements with engineering services providers Harris-Pye and Goltens.


Newport Shipping Chief Executive Officer Erol Sarikaya said: “Together with our existing global network of drydocks, we can now offer the marine industry its first-ever turnkey scrubber retrofit solution. We are providing shipowners with a true one-stop-shop for equipment procurement, engineering, guaranteed retrofit slots, and attractive deferred payment plans covering up to 60% of the total contract cover over 18-months subsequent to retrofit completion.


“Having secured an 8-month lead-time for scrubbers ordered by the end of October, we can guarantee shipowners that their retrofits will be completed well in advance of the 2020 Sulphur Cap implementation date.”


Engineering will be facilitated by Harris Pye and Goltens, both established marine engineering companies with histories dating back to 1976 and 1940, respectively. Theses companies will provide 3D scanning and engineering services, including basic and detailed design, prefabrication and, where and when required, riding squads to facilitate partial or full in-service retrofits.


Goltens VP Sandeep Seth said: “The market is gathering pace as more and more shipowners opt for the scrubber solution as the way to comply with the global sulphur cap rule. With the agreement we have reached with Newport Shipping, shipowners benefit not only from our Green Technologies’ service offering, but drydock availability, a cost-effective means of financing their scrubber retrofits and a scrubber technology that is proven with more than 50 installations.”


Harris-Pye COO Chris David said: “With the global emissions regulation due to enter into force in just over one year, shipowners and operators are realising that exhaust cleaning makes more commercial sense due to the clear payback. Harris-Pye further enhances Newport Shipping offerings by providing a significant scope of in-service work which reduces off-hire time at the shipyard for a more rapid retrofit re-delivery.”


Roy Yap, Newport Shipping’s COO, said: “Having vetted numerous scrubber manufacturers over the past year, including new entrants to the market; we selected Puyier because of its 10-year track record in exhaust gas cleaning technology. Together with our professional network of partners, Newport makes scrubbers accessible for retrofits in service or at the shipyard.”


Puyier General Manager Ryan Gao said: “With Newport’s bulk purchase of 100+100 scrubbers we are able to pass on any savings to the shipowner while locking in favourable delivery slots. With major scrubber manufacturers offering lead-times of between 16 to 20 months; our established design, supply chain and manufacturing base provide timely 8-month deliveries for Newport customers.”


Puyier manufactures open, closed and hybrid scrubber systems in both I-type and U-type configuration. It has more than 70 references including major operators as TRF and RCL and another 100 units on order. The system received approval from all the major classification societies following its installation aboard the containership COSCO Binghe in 2013


Newport currently has a pipeline of owners across all major vessel classes for projects totalling 87 of the 100 scrubbers purchased with binding LOIs and contracts.

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EVER-LASTING BEARINGS KEEP WORLD’S LARGEST SLOOP EVER-READY FOR CHARTER



One of the projects Canada’s Thordon Bearings is most proud to be associated with is that of the Mirabella V, which has been operating the company’s SXL and COMPAC bearings continually for more than 15 years.


The M5, formerly named Mirabella V, designed by Ron Holland Designs, was built by VT Shipbuilding of Woolston, UK in 2003. The 77m flybridge sloop, with a beam of 14.8m (48.5 ft) and a height of 88.5m (290.3 ft) to the top of the carbon mast, is the largest single-masted sailing ship ever built.



The single-mast sloop sail design was chosen in order to maximise the accommodation space, as M5 was built for luxury yacht charters, offering equivalent facilities to those of a similarly-sized motoryacht. The righting moment of the sailboat hull is said to make it more sea-kindly than a motor vessel, which enhances passenger comfort. The high-aspect sail configuration gives a good speed potential, and M5 regularly achieves over 19 knots in 3.5m (11.5 ft) wave heights.


Such a tall mast has to be balanced by a deep keel, and maximum draught is 10.2m (33.5 ft). To allow M5 to enter harbours such as her original home port of Palm Beach, Florida, naval architect John Stott of Ron Holland Design specified a lifting keel, weighing 150 tonnes. This was chosen rather than the swing keels normally specified in similar large sailing yacht applications. The keel is raised by powerful hydraulic cylinders, and when fully retracted the draught is reduced to 4m (13.1 ft).


Support pads for the keel had to be capable of carrying high loads and offer good wear resistance, as well as being as quiet as possible in operation. During Stott’s research into composite bearing materials he discovered Thordon. And working in conjunction with Thordon’s Chief Designer, he specified the company’s SXL pads for the lateral guides, and for the front and back guides, which also function as location ram bearings for the keel locking arrangement, Thordon SXL TRAXL bearings with Thorseals were chosen.


The Thordon inventory is completed by water-lubricated COMPAC propeller shaft bearings for the motor propulsion plant, which were specified by propeller supplier Rolls-Royce Kamewa.


Coinciding with the change of name, the yacht underwent a comprehensive refit at Pendennis Shipyard in Falmouth, UK, in 2013. Work included replacement of MTU main engines with higher-power 1300 bhp Caterpillar units, a new electrical system, redesigned interior, an extended stern and reverse transom, a lighter ballast arrangement and carbon fibre standing rigging.


During the DNV 10-year survey which was undertaken at the same time, the Thordon bearings were all found to be in excellent condition, and they remain fully serviceable five years on, with a total of 15 years’ service.


George Morrison, Thordon’s Regional Manager, said: “The SXL lateral guides have proven capable of withstanding the high forces and have shown excellent wear resistance, while the SXL TRAXL bearings have proved highly capable of withstanding high operating pressures and able to absorb impact loads. The Thorseal self-lubricating polymer material has been shown to reduce cylinder wear, while noise is minimised when the keel lifting mechanism is in operation. This is because there is no metal-on-metal contact.”


When the vessel was launched in 2003, Thordon’s scope of supply helped towards M5 breaking new technological barriers. It continues to do so, ensuring the sloop is sea-worthy and available for charter.



Posted by 뜨락 뜨락(Countrylife4u)

Lifting technology: Konecranes modernises the rotary crane at the DLR test facility for rocket drives


/ins  Konecranes modernises the rotary crane at the test facility for rocket drives at the Deutsches Zentrum für Luft- und Raumfahrt DLR (German Aerospace Centre), installing the latest technology for increased efficiency and safety.


Konecranes modernises the rotary crane at the test facility for rocket drives at the Deutsches Zentrum für Luft- und Raumfahrt DLR (German Aerospace Centre), installing the latest technology for increased efficiency and safety.


Lampoldshausen, the headquarters of the Deutsches Zentrum für Luft- und Raumfahrt DLR (German Aerospace Center): is where the technology is being developed for European space travel. The upper station drives for the Ariane launch rockets are tested here, at the P4 test facility. The tests are planned in great detail with the process flows monitored and timed precisely. The rotary crane on the building roof plays an important role in preparing these tests. The ageing crane system was in need of an upgrade. Konecranes provided a solution that not only made the crane more efficient and safer but also reduced operating costs using the latest in electrical systems and drive technology.



An area of 51 hectares on the southern edge of the Harthausen Forest in Southwest Germany – is home to forests, agriculture, nature and cutting-edge technology for European space travel which is being developed amidst this idyllic setting at the Lampoldshausen site of the Deutsches Zentrum für Luft- und Raumfahrt DLR (German Aerospace Center). At DLR’s Institute of Space Propulsion, 320 employees are primarily researching drive gear technology for the upper stations of the Ariane launch rocket family. This technology is used when supplying the International Space Station ISS and in the development of the European satellite navigation system Galileo. The drive gears are tested at the P4 test facility, one of a total of eight test facilities in Lampoldshausen, under the conditions they will be exposed to later when flying in space. Valuable research equipment, weighing several tonnes is delivered and unloaded when preparing these tests. This is a key task for the rotary crane on the roof of the building, which is nearly 12 meters tall. In order to upgrade the old crane system, DLR counted on the experience and competence of Konecranes, one of the world’s leading manufacturers of crane and lifting technology.


“We closely inspected the 1964 rotary crane on the roof of the test facility P4 and together with DLR, developed a concept to update the crane system to the latest technical level. With features such as the frequency-regulated drives for the rotating gear and overhead gantry, the rotary crane now meets all the modern requirements of test facility and its operation,” says Werner Marquardt, Project Manager Modernisations at Konecranes. The crane experts also reinforced the steel structure and renewed its corrosion protection coating. Worn mechanical components were replaced and the crane’s electrical system completely changed. With new footbridges, platforms and ladders, Konecranes also improved the access and safety of the crane system.


On the roof of the rocket drive test facility, the crane system must withstand a range of temperatures from minus 5 to plus 40 degrees Celsius with wind, rain, sun and snow in all seasons. Moreover, the state of Baden-Württemberg has more rainfall than any other in Germany. 965 liters per square meter fell on average in 2016. “Over the years, the weather exposure has had a heavy impact on the rust-protection and the steel structure,” says Werner Marquardt. For this reason, Konecranes specialists first dismantled the counterweight of 5.5. tonnes before removing the main structure of the 13.8-tonne crane. This was removed with the help of two truck-mounted cranes and placed on the terrain surface. For the transport, a special screwed joint was fitted between the boom and the 3.2-tonne base section for safety and stability. In a preparation hall, crane experts removed the remaining paint layer by sandblasting. Then following a comprehensive welding program, the steel structure was successfully reinforced and statically recalculated. Finally, the crane system received an entirely new coat of paint to protect it from the elements. Now back and installed in the test facility, the rotary crane is now able to move loads of up to 5 tonnes with an outreach of 15 meters. Additionally, with an outreach of 10.3 meters, it is now possible to transport loads of up to 7.5 tonnes.


Safe and precise transport with CXT drives

“When preparing our rocket drive tests, system parts such as filters, flaps and pipes, as well as additional technical research material and equipment are transported to the test facility using trucks. The rotary crane lifts the sensitive material from the loading surface and manoeuvres it with precision to the gate of 

Posted by 뜨락 뜨락(Countrylife4u)

Stolt-Nielsen Limited, Golar LNG Ltd and Höegh LNG Holdings Ltd Announce Joint $182 Million Investment in Avenir LNG Ltd

   


Hamilton, Bermuda, 01 October 2018 - Golar LNG Limited ("Golar LNG" or "Golar") announced today an investment of USD 24.75 million in Avenir LNG Ltd. The investment is part of a combined commitment of up to USD 182 million from Stolt-Nielsen Ltd. ("Stolt-Nielsen"), Höegh LNG Holdings Ltd. ("Höegh LNG") and Golar for the pursuit of opportunities in small-scale LNG, including the delivery of LNG to areas of stranded demand, the development of LNG bunkering services and supply to the transportation sector.


Avenir LNG intends to utilize the best-in-class capabilities of its anchor investors to build a global presence as the leading provider of small-scale LNG, and it will be among the first movers in this market with a fleet of small-scale LNG carriers and terminals. The market for small-scale LNG is rapidly expanding, with great potential to be realized in the off-grid power, transportation and bunkering markets because of high-margin oil-to-gas switching, policy changes and environmental benefits of consuming LNG relative to alternative fossil fuels. The forthcoming IMO 2020 regulations are one of many driving factors for increased small-scale LNG consumption, and Avenir LNG plans to introduce safe and efficient ship-to-ship bunkering services at key strategic ports to meet and develop demand for LNG as a marine fuel.


Avenir LNG was originally formed by Stolt-Nielsen in 2017 to provide LNG to markets lacking access to LNG pipelines. Stolt-Nielsen will consolidate all its LNG activities into Avenir, including four small-scale LNG carriers currently under construction at Keppel Singmarine in Nantong, China, and an LNG terminal and distribution facility under development in the Italian port of Oristano, Sardinia. Avenir LNG plans to source and ship LNG to the terminal using small LNG carriers, and distribute the LNG in trucks and through regasification into the local gas grid. 


Golar LNG and Höegh LNG will each hold an initial share of 25% of Avenir LNG, while Stolt-Nielsen will remain the largest shareholder with ownership of 50%. Subsequent to the initial capital raise, Avenir LNG contemplates a public listing on the Oslo Over-The-Counter market during 2018.


Commenting on the transaction, Iain Ross, Chief Executive Officer of Golar LNG, said, "Small scale LNG transportation and distribution represents an exciting new market with significant growth prospects.   Avenir is the right vehicle for this market entry and its formation builds on the teaming agreement signed with Stolt-Nielsen in June 2015.  The addition of Höegh LNG will allow Avenir to create a business with the experience and scale to tackle all aspects of small scale LNG."


FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements concerning future events and Golar's operations, performance and financial condition. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe", "anticipate", "expect", "estimate", "project", "will be", "will continue", "will likely result", "plan", "intend" or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Golar's control. Actual results may differ materially from those expressed or implied by such forward-looking statements.  Important factors that could cause actual results to differ materially include, but are not limited to, those factors listed from time to time in the reports and other documents Golar files with the United States Securities and Exchange Commission.  


New factors emerge from time to time, and it is not possible for Golar to predict all of these factors. Further, Golar cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. Golar does not intend to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Golar's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.

Posted by 뜨락 뜨락(Countrylife4u)

THORDON SIGNS NEW DISTRIBUTOR AGREEMENT WITH SPAIN’S ECHETALDE

 


Thordon Bearings confirmed it signed a new sales and distribution agreement during the recent SMM 2018 trade show in Hamburg, Germany.


The agreement with Spain’s Echetalde, signed on 5th September, replaces the agreement with Thordon’s previous distributor in the region, Echelan Thor, following the retirement of its founder Pedro Echevarri, after 30 years of working with Thordon products.  



Iñigo Arrancudiaga, founding partner of Echetalde and a former employee of Echelan Thor, said: “When Echelan Thor closed, we wanted to continue the company that Pedro founded but the best option for us was to create a new company. So we are delighted that Thordon has continued to work with us and place their trust in Echetalde. It’s basically business as usual as Pedro will continue to help us as a consultant, so he will remain part of the team in some way.”


Thordon Bearings’ CEO Terry McGowan said: “Spain, Gibraltar and Morocco are important market sectors for Thordon Bearings, not only for our established commercial marine business but also for our activities in the hydro-power sector. Echetalde, under the stewardship of partners Iñigo Arrancudiaga and Xabier Arana, whom we’ve worked with for a number of years now, put forward an excellent succession plan following Pedro’s retirement, which means a seamless transition for our distribution network and customers in the region.”


Since Echetalde began operating it has been quick to establish itself as Thordon’s distributor in the region, having secured  contracts to supply a range of non-metallic vertical pump bearings to Spain’s industrial sector. The company has also presented a number of new supply opportunities for Thordon products in the region, as Echetalde partner Xabier Arana explained.


“We are seeing increasing interest for oil-to-water lubricated bearing conversions in the hydro-power, pump and industrial sectors and we are close to securing a number of orders in the maritime sector. We hope soon be in a position to confirm an order for the supply of a complete Thordon bearing package for a tuna fishing vessel. There are a number of opportunities for Thordon Bearings with our customers throughout the region.”


Echetalde is based in San Sebastian, Spain, and will carry out sales, distribution and engineering services for all Thordon products across Spain, Gibraltar and Morocco.


Posted by 뜨락 뜨락(Countrylife4u)

SYNERGY GROUP WINS SHIPMANAGER OF THE YEAR


Singapore-based shipmanager commended for its impressive fleet growth, operational excellence and strong commitment to CSR


Synergy Group was named ‘Shipmanager of the Year’ at the 2018 Lloyd’s List Asia Pacific Awards held in Singapore at the end of last week.


The ‘Shipmanager of the Year’ award recognises exceptional performance in shipmanagement including safety, business development, proven client satisfaction, training, crew welfare, operational reliability and CSR.



The award’s recipient is selected by a panel of independent, industry-respected judges based on strict criteria laid out by Lloyd’s List.


Synergy Group, which now operates a fleet of over 185 vessels, met all criteria due to its wide range of recent achievements and proven ship management expertise.


Key factors noted by judges were Synergy’s impressive fleet expansion, pioneering of dynamic new ship management technologies, and recent enhancements of its state-of-the-art training centres in India and the Philippines.


Using a range of established maritime benchmarks and client testimonials, Synergy also demonstrated its strong commitment to CSR and gender equality at sea, its industry-leading crew retention and Lost Time Injury Frequency (LTIF) rates, and its outstandingly competitive cross-fleet operational costs.


“I believe this prestigious award is deserved recognition of the tremendous dedication and hard work of the Synergy team at sea and ashore over the last year,” said Captain Rajesh Unni, CEO and Founder of Synergy Group. “They have been very dynamic and innovative in meeting the exactingly high standards of excellence demanded by our clients.


“I would also like to thank our principals for entrusting us with some of the world’s most expensive and technologically advanced vessels.


“It is immensely gratifying our clients were more than happy to convey to judges exactly how and why our customer-centric services benchmark so well against other management options.”


Capt Unni said one of the secrets to Synergy’s success was its ability to provide tailored, value-added services to principals even as the company’s managed-fleet had expanded.


“At Synergy we strive for operational and safety excellence every day to ensure we can exceed customer expectations,” he added. “We leverage our global network to provide local solutions. And we invest in our employees and nurture talent, not only because it makes good business sense to do so, but also because it is the right thing to do.”


Capt Unni was particularly pleased the judges recognised Synergy’s progressive approach to CSR and gender equality. Synergy recently placed its first female cadet on a gas tanker and is making strenuous efforts to recruit and train more female personnel for deployment at sea and ashore.


The company has also set up a dedicated, 24/7 psychological helpline for seafarers available for free in nine different languages, and earlier this year Capt Unni was awarded the ‘Seafarers Welfare Award’ by The Mission to Seafarers for making welfare a core Synergy value.


“We strive to be a good company within the maritime community as well as a successful one,” said Capt Unni. “It is gratifying our approach was recognised by the judges and I would like to thank them again for their consideration.”

Posted by 뜨락 뜨락(Countrylife4u)

2020 FUEL SURCHARGES COULD BE REDUCED, SAYS FUELSAVE



The fuel surcharges some container shipping companies are intending to pass on to customers as they look to meet the 2020 sulphur cap could be reduced for the mutual benefit of shipowners and operators, as well as their customers, given the technologies available for reducing fuel consumption, says Marc Sima, President and co-founder of Germany’s FUELSAVE.


Earlier this month, Maersk said the installation of technologies aimed at reducing shipborne emissions is likely to increase the cost of shipping a single twenty-foot container to $160, while MSC Mediterranean Shipping Company announced it will introduce a Global Fuel Surcharge.


“As more shipping companies go down the scrubber route we are seeing manufacturers raise their prices – in some cases charging more than US$3 million for the scrubber alone. This is putting pressure on shipowners to pass on these costs to shippers, which is unnecessary when our solution can provide any scrubber installation with a good return.”


Sima, however, says there is potential for these fuel surcharges to be reduced.  “With a 10% reduction in fuel consumption, ship operators could reduce fuel surcharges and maintain or even increase profitability, leveraging the potential of sustainable efficiency enhancement solutions that are beneficial to both shipowner and shipper.”


He added: “It has been reported that 2020 compliance could cost the container shipping sector in excess of $15billion, but these costs can be slashed by optimising fuel consumption.”


Sima cites the fuel savings a heavy lift ship achieved using FUELSAVE’s FS MARINE+ system. The installation reduced fuel consumption by 25% equating to net savings of 16% and a significant reduction in CO2 and NOx emissions and particulate matter (PM).


Even when cleaner fuels become more prominent and the use of scrubbers are no longer required, Sima says energy saving technologies will continue to create substantial fuel and efficiency gains for the shipowner, delivering real OPEX savings to increase profitability.


He furthered: “Shipowners that take the low sulphur fuel option can especially benefit, since these fuels are even more costly and will continue to rise, which reduces further the amortization period, and which provides an even better return on the investment (ROI) for efficiency enhancement technologies. The more expensive fuels become the greater the fuel saving, and consequently greater reductions in OPEX.


“Shipping companies should look at all the options available for meeting the 2020 sulphur cap. There are solutions available that not only ensure compliance but can optimise operational expenditure allowing operators to remain competitive and profitable without the need to rollover all the additional costs to the end-customers.  Any sustainable technology must have a direct economic and ecological benefit for operators, their customers, and the environment.


“Of course, any fuel savings have to be balanced by the amortization period, which should be well within any warranty periods. For FS MARINE+ a typical payback is within three years. We also offer a cast-iron guarantee that the system will have paid for itself within the default five-year warranty period,” said Sima.


Use of the FUELSAVE technology also prolongs the lube oil replacement intervals, engine maintenance and related service costs, resulting in further OPEX savings for shipowners.


Earlier this month, FUELSAVE introduced a containerised version of its FS MARINE+ technology, designed to provide ship operators with a cost-effective, plug-in and-play version of its engine combustion optimisation and emissions reduction system, which reduces ship preparation costs to a minimum and enables re-use of the system from one ship to another.



Posted by 뜨락 뜨락(Countrylife4u)


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