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Three Bankers Arrested for "Fake" Maritime Sector Loans
by The Maritime Executive
Friday, January 04, 2019

On Thursday, three former bankers from Credit Suisse Group were arrested in London over involvement in a $2 billion loan package for allegedly fake maritime development projects in Mozambique. 

A fourth individual involved in the deal, Lebanese citizen Jean Boustani, was arrested Wednesday in New York City. A fifth, former Mozambican minister of finance Manuel Chang, was detained in South Africa in connection of the case. All face the possibility of extradition to the United States. 

The U.S. Department of Justice believes that between 2013-2016, these five conspirators bribed Mozambican officials and defrauded investors in order to raise financing for "front" projects in shipyards, tuna fisheries and maritime security in Mozambique. Prosecutors believe that the primary aim of the maritime projects was to create large financial flows that the participants could divert for their own ends. 

A federal indictment released Thursday asserts that Credit Suisse bankers Andrew Pearse, Surjan Singh and Detelina Subeva raised about $2 billion in funds from international investors by selling loans guaranteed by the Mozambican government. The three men allegedly misled investors about the nature of the loans' use, the amount of Mozambique's existing debt and its ability to repay. They also allegedly arranged with then-finance minister Manuel Chang to keep the loans secret from Mozambique's other lenders and circumvented internal controls at Credit Suisse to complete the deals. 

Almost all the money raised was paid to Boustani's firm, Privinvest, the primary contractor for the project. Privinvest then allegedly paid out over $200 million in bribes and kickbacks to Pearse, Singh, Boustani and a range of Mozambican officials. "The defendants created the maritime project as fronts to enrich themselves," the indictment alleged.  

The amount covered by the indictment may not include all elements of the scheme. All told, about $500 million worth of the projects' spending remains unaccounted for. Out of the remaining expenses that were accounted for, the assets purchased were overpriced by an estimated $700 million, according to a 2017 audit. 

One of the "front" projects, the creation of a 24-vessel tuna fishing fleet, became symbolic of Mozambique's sovereign debt and the poor results of its government's investments. In 2016, just three years after its launch, the purpose-built state company set up to run the fleet was effectively defunct, catching only about $500,000 per year worth of tuna with two dozen new vessels. None of the other entities created with the funding are still operational. 

When the full extent of Mozambique's debt burden emerged in 2016, many of its international lenders and donors placed a halt on aid over concerns that the government would use the money to pay off bad debt. “We are supposed to be doing anti-poverty work, not paying for undisclosed loans taken out with no transparency to unsustainable businesses," one diplomat told Reuters. Mozambique defaulted on its dollar-denominated commercial debt in October 2016, and it is not expected to make new payments until 2023, according to the IMF.  




Oil Market Roundup - Friday Week 1
by Ship Bunker
Friday, January 04, 2019

Despite price gains, crude is still a shadow of its late-2018 might.




Motion Industries Appoints New SVP of Supply Chain and Marketing
by The Maritime Executive
Friday, January 04, 2019

Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company, announced today the promotion of N. Joe Limbaugh to the position of Senior Vice President of Supply Chain, Operations Support and Marketing, effective January 1, 2019. Mr. Limbaugh will report directly to the President of Motion Industries.

Mr. Limbaugh began his career in 1983 in Bourbonnais, IL, in an entry level position with Berry Bearing Company, which was later acquired by Motion Industries. In 1989, he relocated to Peoria, IL, where he continued to achieve higher levels of success working as Operations Manager, Branch Manager, and then Corporate Sales Manager. In 2007, Mr. Limbaugh accepted the position of Vice President General Manager of the Birmingham (AL) Division. He returned to Chicago, IL, in 2009 to assume the role of Vice President General Manager of the Chicago Division. In 2013, Mr. Limbaugh was asked to return to Motion’s Birmingham, AL, headquarters as Vice President of Operations, Distribution, and Properties.

“Joe has a wealth of experience, both in field sales and branch operations, as well as in corporate functions including logistics, distribution, properties and facilities management,” stated Randy Breaux, Motion Industries President. “Additionally, Joe’s creative and marketing intelligence makes him uniquely qualified to lead Motion in several disciplines. During the past five years, I have watched Joe master every challenge presented to him. I am very excited to see Joe take our Supply Chain and Marketing efforts to a new level.”




Grounding Delays Traffic in Lower Mississippi
by The Maritime Executive
Friday, January 04, 2019

The bulker Anglo Alexandria went aground Friday morning in the Lower Mississippi River, backing up vessel traffic in both directions near the river's mouth. 

At 0830 hours Friday morning, Coast Guard Sector New Orleans received a report that the 110,000 dwt Alexandria had grounded at river mile marker 3.5, near Pilottown. 

The vessel temporarily blocked the navigation channel, and the river was closed to traffic near the site of the grounding. Due to the closure, over 50 vessels were delayed in transiting in or out of the river. The number was larger than normal: more ships were attempting to use the channel Friday due to dense fog in the area earlier in the week, which had hampered pilotage and created a buildup of demand. 

At about 1620 hours Friday, the Alexandria was refloated with the assistance of several tugs. However, the river remained closed in the area for several hours after the refloat so that the depth could be surveyed. "They are checking to make sure there are no sediment deposits which might endanger other vessels from transiting through," a Coast Guard spokeswoman told The Advocate. The river section where the Alexandria grounded is known for rapid silt accumulation, and it requires frequent dredging to maintain its navigable depth. 

As of Friday night, AIS data indicated that deep-sea vessel traffic had resumed through the Mississippi River Delta.

There are no current reports of pollution or injuries, and the cause of the incident is under investigation.




Grounding Delays Traffic on Lower Mississippi
by The Maritime Executive
Friday, January 04, 2019

The bulker Anglo Alexandria went aground Friday morning in the Lower Mississippi River, backing up vessel traffic in both directions near the river's mouth. 

At 0830 hours Friday morning, Coast Guard Sector New Orleans received a report that the 110,000 dwt Alexandria had grounded at river mile marker 3.5, near Pilottown. 

The vessel temporarily blocked the navigation channel, and the river was closed to traffic near the site of the grounding. Due to the closure, over 50 vessels were delayed in transiting in or out of the river. The number was larger than normal: more ships were attempting to use the channel Friday due to dense fog in the area earlier in the week, which had hampered pilotage and created a buildup of demand. 

At about 1620 hours Friday, the Alexandria was refloated with the assistance of several tugs. However, the river remained closed in the area for several hours after the refloat so that the depth could be surveyed. "They are checking to make sure there are no sediment deposits which might endanger other vessels from transiting through," a Coast Guard spokeswoman told The Advocate. The river section where the Alexandria grounded is known for rapid silt accumulation, and it requires frequent dredging to maintain its navigable depth. 

As of Friday night, AIS data indicated that deep-sea vessel traffic had resumed through the Mississippi River Delta.

There are no current reports of pollution or injuries, and the cause of the incident is under investigation.




Arctic-Capable Spill Response System Passes Testing
by The Maritime Executive
Friday, January 04, 2019

A new winterized version of an established spill recovery system has passed initial trials for operations in Arctic environments, demonstrating its ability to soak up oil in icing conditions. 

In 2014, as part of an effort to enhance Norway’s oil spill preparedness, the Norwegian Coastal Administration (NCA) and the Norwegian Clean Seas Association for Operating Companies (NOFO) invited proposals for equipment to handle oil spill recovery in the far north. The support for participants included partial financing from NOFO for selected projets, along with the potential for government underwriting through Innovation Norway and the Research Council of Norway. 

Among others, vendor H Henriksen’s proposal for a winterized version of its FoxTail sorbent mop system was accepted, and development of the protype started in 2016. The FoxTail is a proven design, and can salvage large quantities of oil after a spill; it relies on one or more loops of sorbent material, which are pulled continuously through the water and up into a drive head, which wrings out the material before sending it back down for more. While proven effective in rough conditions, freezing spray is a challenge: ice formation on the mop can reduce its efficiency at temperatures below about 20 degrees Fahrenheit.

To expand its operating window, the team gave the FoxTail's shipboard components new insulation, moved the transfer pump, and added a hydraulic heating system to keep down icing. Initial work on the system began in 2016, and operational testing on a prototype was recently completed aboard the research vessel Polarsyssel in Longyearbyen, Svalbard. During testing, the new device proved capable of stable and continuous operation in freezing arctic conditions, and H Henriksen says that it resists freezing spray at temperatures down to -5 degrees Fahrenheit. The Norwegian Coastal Administration, which sponsored the project, will take delivery of the first model. 

Image courtesy H Henriksen




UK-Flagged Bulk Carrier Grounds at Mile Marker 3.5 of Lower Mississippi River
by Mike Schuler
Friday, January 04, 2019
A UK-flagged bulk carrier ran aground Friday in the Lower Mississippi River near New Orleans. The U.S Coast Guard said it received a report at 8:32 in the morning that the 837-foot deep-draft vessel Anglo Alexandria had grounded in the Mississippi River at mile marker 3.5. The vessel is blocking the navigation channel, which has […]




Crowley Logistics Promotes New VP for Retail Supply Chain Market
by The Maritime Executive
Friday, January 04, 2019

Crowley Logistics announced today it has promoted Jackie Gonsalez to vice president, apparel and retail supply chain business development. Gonsalez reports to Crowley’s Jorge Estevez, vice president, sales and pricing, and will remain based in Jacksonville, Fla. 

In her new position, Gonsalez, who was previously director, retail business development and sales, will help new and existing apparel and retail customers increase the velocity of their supply chains, reduce their overall landed costs and gain a competitive market advantage. As vice president, Gonsalez will lead a team of solutions-oriented professionals servicing customers primarily within Crowley’s core markets, which include the U.S. mainland and Puerto Rico, the Caribbean, Central America and Asia. 

"Jackie has a diverse background in business development and operations, with extensive knowledge across trucking, rail, warehousing and distribution and all commercial aspects of our logistics business," said Estevez. "She brings high energy and passion to the role and has the demonstrated ability to reduce friction in customers’ supply chains.”  

Gonsalez joined Crowley in 2013 as an account executive. In 2014, she was promoted to logistics supervisor, then to logistics operations manager in 2016 before being promoted to director in 2017. She earned her master's degree in business administration in 2015 from Jacksonville University and two bachelor’s degrees – one in transportation and logistics and another in marketing – in 2012 from the University of North Florida in Jacksonville. Prior to joining Crowley, she served as a pricing specialist for AV Logistics in Orange Park, Fla.




Sherwin-Williams Wins Coatings Award for Work on Aircraft Carrier
by The Maritime Executive
Friday, January 04, 2019

Sherwin-Williams Protective & Marine Coatings, together with the U.S. Navy and Mid-Atlantic Coatings, Inc. (MAC), earned the SSPC Military Coatings Project Award of Excellence for their work on the USS George Washington (CVN-73) super carrier. For the second time in five years, Sherwin-Williams stood up to the task of overhauling a thousand-foot U.S. Navy aircraft carrier to ensure leading-edge performance. Using new coatings and technologies, innovative collaborations and environmentally sustainable solutions, the USS George Washington had a range of critical areas preserved and recoated, from topside to ballast tanks and interior fuel tanks.

The award recognizes exceptional coatings work performed on U.S. military ships, structures or facilities. This year’s honorees will be recognized February 11, 2019, at the SSPC Coatings+ Conference in Orlando, Florida. Sherwin-Williams is a principal supplier of marine and MIL-SPEC coatings to the U.S. Navy and previously won this award in 2014 for a similar project involving the Navy’s USS Ronald Reagan (CVN-76) super carrier.

“From the beginning, we knew this project would require looking beyond the usual horizons – not just in terms of engineering a strategy, but in effectively communicating our innovations and ideas, and collaborating with the right teams,” said Mark Schultz, Government Marine Manager for Sherwin-Williams Protective & Marine Coatings. “Since several aspects of the project were ground-breaking, not only were we challenged to assemble this complex arrangement of features and benefits, we also had to demonstrate how these technologies and teams would come together to deliver on our promise.”

Innovations Enhance Results

The award-winning coating project was part of the USS George Washington’s multi-year midlife refueling and complex overhaul at the Huntington Ingalls Industries shipyard in Newport News, Virginia. This undertaking included preserving and coating the freeboard, main deck, topside and more than 100 interior tanks, along with prepping and maintaining the underwater hull surface. While the coatings project commenced in August 2017, development began more than two years earlier – reflecting the time and effort required to engineer and demonstrate new technologies, as well as new uses of existing coatings.

“In the past, we’ve typically used a two-coat system on freeboards, but we enhanced efficiency by using Sherwin-Williams Fast Clad® ER, a single-coat solution, on about 70 percent of the freeboard instead,” Schultz explained. “This was a first, and there was no sacrifice to durability. The product’s four-hour cure time allowed us to accelerate coating schedules, while also eliminating the possibility of missing recoat windows – a problem that can lead to delamination issues.”

The project used Sherwin Williams SeaGuard® 5000HS Epoxy for the remaining 30 percent of the freeboard, with Sherwin-Williams Polysiloxane XLE-80 HAPS Free Epoxy Siloxane applied as a topcoat on the entire area. The Polysiloxane XLE-80 coating included a newly designed and approved Naval Research Lab low solar absorption (LSA) pigment package. This formulation enhances the paint’s signature “Navy Gray” color stability and reduces the solar temperature load on the vessel.

Within the ship, more than 100 tanks designed to hold ballast, chemicals, fuel, water and waste were also coated with Fast Clad ER, which offers long-term immersion service for up to 15 years. The coating marks another advancement for use on seafaring vessels.

“The benefits of high solids coatings are coming to fruition,” Schultz said. “We started with 98 percent solids Dura-Plate® tank coatings more than a decade ago, and we’re seeing those tanks hold up very well during inspections with no required rework. We’ll see even more success down the road when they reinspect tanks featuring Fast Clad ER.”

Teams applied the coatings using plural-component sprayers and – in another innovative move – utilized cartridge technology from V.O. Baker Company developed for plural-component materials. Cartridges provide precise measurements for dispensing, which helps reduce the chance of mixing errors and allows teams to work longer. More than 95 percent of the touchup and repair work following the initial spray application was completed exclusively with cartridges.

Going Green with Navy Gray

Another new technology played a role in the project’s surface preparation. Sherwin-Williams worked with Greener Blast Technologies and introduced the Naval contractors to vapor blasting, which uses a water-like medium to reduce dust levels during surface prep. This technique was used as the first blast to remove exterior built-up materials, such as biofouling and the outermost coatings before the secondary direct-to-steel blasting. Impressed by the process, the Navy created a new SSPC/NACE specification for vapor blasting.

Vapor blasting was another part of the team’s efforts to find innovative ways to reduce the environmental impacts of the surface preparation work. Traditional sandblasting on an aircraft carrier creates massive amounts of waste and dust requiring containment and significant time-consuming clean-up; whereas vapor blasting cuts down on both, while providing a similar blast profile. In addition, the contractor was able to complete the second blasting stage – abrasive blasting – more quickly and with far less debris due to the first round of vapor blasting.

Utilizing a vapor blasting process also produced additional advantages for the coatings’ project. Working with water-powered pressure washers instead of gas-powered washers decreased fuel emissions, and the abrasive blasting process used recycled steel grit in the tanks. Additionally, slurry from the vapor blasting could be cleaned and recycled – further reducing waste.

“We always aim to take steps that improve sustainability and reduce environmental impact, especially on projects of this scope” Schultz said. “The results across the board couldn’t have been achieved without the intense cooperation of our dedicated teams and partners, or the support of the Navy when we suggested new solutions for the future.”

The USS George Washington restoration project is an example of Sherwin-Williams’ unwavering commitment to improving the coatings selection and application techniques for the U.S. Navy, helping the organization enhance efficiencies, and realize life cycle improvements throughout its operations.




Milestone Dredging Contract Awarded in Corpus Christi Ship Channel Deepening Project
by Mike Schuler
Friday, January 04, 2019
The first contract to begin dredging the Port of Corpus Christi ship channel to make room for fully-loaded supertankers has been awarded in what in seen as milestone moment for the future of U.S. energy exports. The U.S. Army Corps of Engineers (USACE) awarded a $92 million construction contract to Great Lakes Dredge & Dock […]




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WP_Post Object ( [ID] => 2829 [post_author] => 1 [post_date] => 2013-03-14 04:31:37 [post_date_gmt] => 2013-03-14 04:31:37 [post_content] =>

Clipper Oil is a worldwide wholesaler of marine fuels and lubricant oils specializing in supplying vessels throughout the Pacific Ocean. Operating internationally from our headquarters in San Diego, California, USA, we serve the bunkering needs of all sectors of the marine market. This includes fishing fleets, ocean-going yachts, cruise ships, cargo ships, military/government/research vessels, and power plants.

Clipper Oil’s predecessor, Tuna Clipper Marine, was founded in 1956 by George Alameda and Lou Brito, two pioneers in the tuna fishing industry. Tuna Clipper Marine’s first supply location was in San Diego, California, USA where they serviced the local fishing fleet.

Established in 1985, Clipper Oil was formed to serve the needs of marine customers in the Western Pacific as vessels shifted their operations from San Diego. Clipper Oil has been a proven supplier of quality marine fuels, lubricants, and services to the maritime community for over 25 years, serving many ports throughout the Pacific Ocean. We maintain warehouses in Pago Pago, American Samoa; Majuro, Marshall Islands; and Pohnpei, Federated States of Micronesia. We also have operations in the Eastern Pacific in Balboa/Rodman, Panama and Manta, Ecuador. We supply marine vessels and service stations with fuel, lubricant oil, salt, and ammonia. We also supply our customer’s vessels with bunkers at high-seas through various high-seas fuel tankers in all areas of the Pacific Ocean.

Clipper-Shipyard-Supply

then
Then
The Tuna Clipper Marine Pier in San Diego Bay (1980).

now
Now
Clipper Oil supplying the USCGC Kimball ex. pipeline at the fuel dock in Pago Pago, American Samoa (2020).

Throughout the years, Clipper Oil has grown from a small marine distributor in San Diego to a worldwide supplier of marine fuels and lubricants. Clipper Oil offers a broad diversity of products and services and are active buyers and suppliers of petroleum products. It is this combination that gives us the edge in market intelligence needed to develop the best possible pricing for our clients.

Our daily monitoring of both the current and future oil market enables our customers to take advantage of market pricing on an immediate basis. This enables Clipper Oil to provide the best current and long term pricing for our customers.

Clipper Oil offers the following to our customers:

  • Extensive network of refueling locations throughout the Pacific Ocean
  • Full range of marine fuels, lubricants, and associated products
  • Competitive pricing
  • Technical support

All of the products we supply meet international specifications and conform to all local regulations.

With our many years of experience in the marine sector, Clipper Oil understands the attention to detail and operational performance vessels require during each port of call.

As a proven reliable and reputable supplier of marine fuel and lubricants, we welcome the opportunity to meet your vessel's needs. Please contact us for all of your marine energy and petroleum needs.

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