Ships of the Year

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NEWS REVIEW Odfjell gets new CeO next year The board of directors of Odfjell SE has appointed Haakon Ringdal, 54, as new President/CEO as of the annual general meeting on May 3, 2009. Haakon Ringdal joined Odfjell in 2001 and holds the position as Chief Financial Officer. He succeeds Terje Storeng, 59, who, in accordance with his employment contract, has elected to resign from his position as President/CEO as of the annual general meeting. COntainer handling dOwn in Us The upcoming Christmas holiday has not helped American imports. In October, the major US container ports handled 1.36 million TEUs, down 5.4 per cent compared with October last year. October was also the 16th successive month of falling volumes. According to Port Tracker, the National Retail Federation and Global Insight expects a 7.1 per cent decline in handled volumes this year compared to 2007. finnfjOrd in new eUrOpe rOUte Norwegian Finnfjord AS, a producer of ferrosilicon which is an important ingredient in steel production, has launched a new transport route from China to Europe. The route goes via Kazakhstan by railway to Russia, and from Arkhangelsk by sea. A piracy attack forced the company to find alternative transport solutions. “We had a cargo hijacked in the Gulf of Aden, it took fifty days for the shipping company to negotiate a release”, says Sten Nilssen, Head of Logistics to nrk. The new route cuts the transport time by around 20 days, according to Finnfjord. new COal terminal in Ventspils Ventspils Commercial Port opened its new coal terminal at the end of November, according to the business journal Baltic Course. Baltic Coal Terminal has an annual capacity of six million tons. The terminal, which represents an investment of more than EUR 75 million, can handle ships of up to 120,000 DWT. a. p. møller-mærsk to drop investments ssg-ringkøbing. A. P. Møller-Mærsk will likely cancel orders and options on vessels in the coming months due to the new policy of working only with projects financed by the groups own cash flow. “We have decided to not try to finance our future projects from banks and other financiers as the market for financing is deep frozen at the moment”, explains the CEO of A. P. Møller-Mærsk Niels Smedegaard Andersen, in Maersk Post. “It will be a drop in the number of planned projects in the coming years until things are getting back to normal again”. tallink silja in Claim Tallink Silja has filed a claim demanding that the Finnish government pays back between EUR 10 to 20 million that the company has paid in fairway dues, writes daily Helsingin Sanomat. According to the daily, 80 vessels have applied for refunds based on a verdict in a Helsinki court establishing that the Finnish fairway due system was discriminating against vessels in international trade up to 2006. Few Danish port investments ssg-ringkøbing. The ambitious investment plan proposed by the Association Danish Ports received a lukewarm reception from the politicians as only two of 20 proposals found their way into the national plan for infrastructure investments the coming years. The Danish Ports’ plan had 20 investment proposals at a total cost of DKK 2.7 billion, which were presented to the Trans- ssg-göteborg. It was deficient cargo securing in combination with loss of stability that sank the Swedish-flagged ro-ro vessel Finnbirch in heavy weather conditions in the Baltic Sea on November 1 2006. Two seafarers lost their lives. According to the Swedish Accident Investigation Board, SHK, the vessel was sailing at a high speed, about 18 knots, in a following sea with a wave speed of about 20 knots. As a result, the Finnbirch had wave tops midships for a relatively long time with a loss of stability as a consequence. This led to heeling, although not extreme, but So far A. P. Møller-Mærsk has not revealed the projects that will be postponed or delayed, but all business segments of the company are believed to be affected. In the first half of 2008 A. P. Møller- Mærsk invested some DKK 25 billion or nearly half of the amount invested in 2007. The turnover in 2007 was DKK 280 billion. The Danish Shipowners’ Association expects that around half of the world’s order book will be cancelled due to the present market decline in combination with the financial crisis. port Committee – but only two proposals at a total cost of DKK 155 million were accepted. The two projects included in the new investment plan are the lengthening of the motorway all the way to the Port of Esbjerg and the upgrading of road no 23 ending at the Port of Kalundborg, which is primarily used by trailer traffic to Mols-Linien’s service to Århus. Deficient cargo lashing sank Finnbirch enough to initiate shifting of inadequately secured cargo. The vessel heeled over with a heavy list to port. According to SHK, the vessel’s cargo securing manual was not complete and was not followed. The charterer, Finnlines, also had its own cargo securing procedures. Deviations were not reported and neither the shipowner Lindholm Shipping nor the Swedish Maritime Safety Inspectorate had noticed that cargo securing differed from the requirements. SHK also criticises parts of the rescue efforts, and also recommends that requirements for size and shapes of survival suits should be evaluated. 4 SCANDINAVIAN SHIPPING GAZETTE • DECEMBER 19, 2008
REBuBlIC of KoREA NAVy Clean-up after the worst spill ever in South Korea. About 10,500 tons of oil leaked out in the accident. hebei spirit officers jailed ssg-göteborg. A South Korean district court has now jailed the master, Jasprit Chalwa, and the chief officer, Syam Chetan, of the VLCC Hebei Spirit. Despite an earlier ruling cleared them of all charges. The master was sentenced to 18 months in jail and ordered to pay a fine of USD 12,800, the chief officer was sentenced to eight months in prison and fined USD 6,400 and the ship owner Hebei Shipping was fined USD 19,200 by the South Korean appeal court, Lloyd’s List reports. According to the new verdict, the two crew members are partly responsible for the large oil spill. The anchored Hebei Spirit, 269,605 DWT, was rammed by a cranecarrying barge on December 7, 2007 southwest of Seoul. The accident led to a spill of 10,500 tons of crude oil, the worst spill ever in South Korean waters. One of the tug masters was jailed by a South Korean court for three Captain Jasprit Chalwa and Chief officer Syam Chetan from the Hebei Spirit on a meeting with ITf on July 31, 2008. years for marine pollution and falsifying navigation records while the other master was jailed for one year. Samsung Heavy Industries, which owned the barge, was fined USD 29,120. The single-hull tanker was built by Kawasaki in 1993. Oil-reCOVery Vessels tO skagen Two Danish oil recovery vessels will be moved from Copenhagen to Frederikshavn in order to add more capacity to the high-risk area around Skagen. The vessels are the Gunnar Thorson and the Mette Miljø, that until now have been based at the naval base in Copenhagen. ® MARISOL CHEMICALS The answer when choosing technical chemicals. ITf NEWS REVIEW swedish ClUb raises premiUms Swedish Club has decided on a 15 per cent general premium increase for the next policy year. In addition, the club has decided to further raise its capital through a 35 per cent supplementary call for both 2006/2007 and 2008/2009. There will also be a supplementary call for 2008/2009, but a decision on the size will be taken in April next year. The reason is that investment income is not enough to cover the gap between premium income and escalating claims, although there has been a positive claims development in 2008, so far. Before this, Swedish Club had not released any supplementary calls since the early 1990s. dOf bUys platfOrm sUpply ship The Norwegian shipping company DOF ASA has bought the PSV (Platform Supply Vessel) Skandi Waveney, built in 2001 from Aries Offshore at an undisclosed price. DOF’s ownership interest is around 40 per cent, the remaining owners have not been announced. The 3,246 DWT vessel has been on bareboat charter to DOF since its delivery. elkem CanCels Charter party Elkem Chartering, of which Norwegian Belships owns 50 per cent, has been forced to cancel a charter party due to the business decline in shipping. Elkem has paid USD 4.5 million to cancel a vessel contract, originally it would have been valid until the second quarter of 2009. gOlden OCean skips diVidend Golden Ocean reports a healthy operating profit of USD 122 million for Q3, up from USD 69 million for Q3, 2007. Despite this, the company has announced that it will not pay any dividend in the light of the uncertain markets and financial situation. The company has some 30 dry-bulk newbuildings on order, and is in talks to reduce the number, postpone deliveries or secure financing for parts of the order book. Golden Ocean claims that 55 per cent of its order book is financed and that it has secured 76 per cent of the financing for the USD 385 million payments scheduled for next year. SCANDINAVIAN SHIPPING GAZETTE • DECEMBER 19, 2008 5
Page 1 and 2: 24 Ships of the Year Growing market
Page 3: HEAD OFFICE P.O. Box 370, SE-401 25
Page 7 and 8: PäR-HENRIK SJöSTRöM The Sea Wind
Page 9: KySTVERKET The Crete Cement. Crete
Page 12 and 13: PäR-HENRIk SjöSTRöM Managing dir
Page 14 and 15: Large tankers is a target group tha
Page 16 and 17: ... new content
Page 18 and 19: ... new layout.
Page 20 and 21: AkER ARCTIC TECHNoloGy Due to budge
Page 22 and 23: Steen Bryde and his private empire
Page 24 and 25: The Best "à la carte" Marine Servi
Page 26 and 27: SHIPS OF THE YEAR The Aura with a d
Page 28 and 29: SHIPS Of THE yEAR The post panamax
Page 30 and 31: SHIPS Of THE yEAR The main restaura
Page 32 and 33: SHIPS OF THE YEAR Rebuilt before fi
Page 34 and 35: SHIPS OF THE YEAR The very last one
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Page 38 and 39: SHIPS oF THE YEAR Sweden’s larges
Page 40 and 41: SHIPS OF THE YEAR The crew’s fami
Page 42 and 43: SHIPS OF THE YEAR Fugro Saltire goe
Page 44 and 45: SHIPS OF THE YEAR The tanker in the
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SHIPS OF THE yEAR MærSk Topper Bui
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SHIPS OF THE YEAR Marinor concludes
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SHIPS OF THE YEAR No internal struc
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SHIPS OF THE YEAR Oratank is the se
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SHIPS OF THE YEAR The Ruth Theresa
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SHIPS OF THE YEAR Four 11,000 DWT t
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SHIPS OF THE YEAR The Skandi Acergy
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SHIPS OF THE YEAR New concept on th
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SHIPS OF THE YEAR The Viking XPRS i
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SHIPS OF THE YEAR The passenger are
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technical news Editor: Robert Herma
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fleet news Editor: Pär-Henrik Sjö
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MARKET REPORTS Newbuilding contract
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MARKET REPORTS Wet - OPEC cut hits
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Sailed under three Nordic flags In
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POSTTIDNING B
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