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Shell s Cardissa Carries Out Its 1st LNG Ship-to-Ship Bunkering
Royal Dutch Shell recently delivered its first ship-to-ship bunkering of LNG fuel from its specialized LNG bunker vessel, Cardissa. The Shell Shipping & Maritime managed Cardissa can hold around 6,500 cubic metres of LNG fuel.Posted On:5-Oct-2018
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Genting Hong Kong Chooses Scrubbers for Three Ships
Cruise operator Genting Hong Kong has joined the latest shopping spree for exhaust gas cleaning systems (EGCS).
Namely, the company decided to get three of its ships fitted with scrubber systems as is paying Estonia-based LTH-Baas EUR 69.1 million (USD 79.4 million) for the retrofits.Posted On:5-Oct-2018
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Belships Signs Merger Plan with Lighthouse Group
Norway-based bulk ship operator Belships has signed a merger plan with the Lighthouse Companies.
Under the plan agreed on October 4, 2018, Belships subsidiary Belships Chartering AS will assume the assets, rights and obligations of the Lighthouse Companies, against issuance of consideration shares in Belships.Posted On:5-Oct-2018
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Women need courage to succeed in maritime industry
The President, Women's International Shipping and Trading Association (WISTA), Mary Haman, has charged females wishing to come into the maritime industry to be courageous if they must be successful.
In an interview with Vanguard Maritime Report, Haman noted that the reason why young and upcoming female seafarers should work with courage in the industry is to overcome fear and doubt.
Using the Managing Director of NPA, Mrs Hadiza Bala, as example of a courageous woman in the industry, she commended her for inspiring such courage among other female maritime workers, adding that though she hadn't been in the industry for long, she could equip herself very fast thereby giving no room for intimidation from whomever. In her words: "She gives us courage, because she has not always been in the maritime industry and she learned the work very fast."
"This is because she groomed herself, she makes sure she got to know what is there so if Hadiza can do it as young as she is as the managing director of NPA, it means anybody can come and do it if you are focused, you can aspire to be the head of any industry in the maritime."
Despite gender inequality and other forms of women abuses in the maritime industry, the WISTA president said women should strive for the very top in seafaring but those who cannot aim that high can as well do other auxiliary work on board vessels.
She said such women can as well be identified as seafarers even as she noted that there are lots of job opportunities on board vessels which they can engage in which includes being cooks, nurses, caterers etc.
She stated: "Even though we are married women, we are mothers you know women usually feel because they are women they don’t have place in the maritime industry. But we want to avert those fears and show them that if they are in the maritime industry, and are seafarers there are lots of jobs for them on board vessels.
"They don’t have to be engineers or mechanical this or that, they can be nurses on board vessels, they can be hairdressers they can be cooks, caterers on board vessels so whatever you are doing on vessel makes you a seafarer so we want them to know it's not so technical that they will feel they cannot do it and we want them to do it when they are still young before they start having families and start saying they can't do it because of family."Posted On:5-Oct-2018
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Aframax Tankers and LR1s Among Top Future Investment Opportunities for Shipowners
Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story. Value investors still have plenty of opportunities to acquire prime aged assets at a significant discount to their expected future market value. Tankers offer the most promising ...Posted On:5-Oct-2018
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India must reform maritime training to raise its seafarers supply as part of sustainability goals
India's Maritime Administration must initiate major regulatory reforms for maritime training and education sector to calibrate its sea-faring supply side mechanism as countries with smaller population has out-stripped India in the supply of seafarers and marine officers.
According to a white paper issued by Maritime Association of Nationwide Shipping Agencies (MANSA) states, "Unless issues relating to the sustainability of the quality of maritime education and training are sorted out, the goal of taking the Indian Maritime Education to the next level will be a distant dream. To retain the lead, India will have to take concerted efforts to establish rigorous training and education standards to keep path with international level.
The white paper with the theme India's approach towards United Nations’ Sustainable Development Goals was issued as part of MANSA's 40th annual general meeting. UN has set 17 sustainable development goals to get rid of poverty, hunger and safe from the worst effects of climate change.
By 2030, Organisation for Economic Co-operation and Development projects Gross Value Added from ocean economy to grow to more than $3 trillion with 40 million full time jobs, from around $1.5 trillion around a decade back and will significantly contribute to sustainability goals.
In the early 80s, about 65% of global ships were either manned, managed, operated by Indian and this has now dropped to around 7-8% over the past few decades. India now owns just 1% of the global shipping fleet but supplies around 8-9% of the total global seafarers (16,47,500) while Philippines with a smaller population of 100 million supplies 20%, the white paper said.
India is now the fifth largest supplier of marine officer after China, Philippines, Russia and Ukraine according to the Manpower Report 2015, published by the Baltic and International Maritime Council (BIMCO) and International Chamber of Shipping.
For the first time in 2017, Indian seafarers employed on Indian and foreign flag vessels crossed the 150,000 mark of which 37,259 seafarers got jobs in the last three years alone, according to Directorate General of Shipping. India has 134 maritime training institutes of which 81 are conducting pre-sea training courses for trainee officers, cadets and ratings while the balance 53 offer specialized programs in both nautical and engineering streams.
Addressing the 40th annual general meeting of MANSA, outgoing President, Captain Vivek Singh Anand said, "During my tenure of four years as President with the support of all committee members, I have been able to make MANSA more visible in the eyes of the policy makers and regulators as also with the international fraternity like Singapore Agents Association and FONASBA. We were also able to improve the financial health of the association. Overall, I succeeded to add a drop to the ocean of Good work done by the Past Presidents and I am sure the new President and the committee will take the legacy forward."
Taking over the reins as the new President, Captain Amit Wason expressing his humbleness, said, "It is not an easy task for me to step into the shoes of Captain Anand. But with the support of experienced veterans including Hiren bhai and Vijay and the entire executive committee, I look forward to taking the unfinished agenda to its logical conclusion in the larger interest of our members and the entire stakeholders."Posted On:5-Oct-2018
Credits: www.indiaseatradenews.com |
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Wartsila, Royal Caribbean Cruises Extend Service Deal
Finland-based technology group Wartsila and cruise liner giant Royal Caribbean Cruises have extended their service agreement to 2028.
Under the original ten-year agreement, signed in 2013, Wartsila is optimizing maintenance efficiency through turbocharger maintenance, providing OEM spare parts, workshop services and preferred technical assistance for 46 Royal Caribbean Cruises ships.Posted On:5-Oct-2018
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Shipping Must Rise to the Biggest Technology Challenge in 100 Years
The shipping industry must rise to the biggest technology challenge in 100 years in order to meet its decarbonization ambitions, a group of 34 maritime CEOs and industry leaders stressed in a call for action towards a new decarbonized future.
The CEOs support the International Maritime Organization s (IMO) climate strategy to reduce the total greenhouse gas emissions by at least 50% by 2050.Posted On:5-Oct-2018
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Exmar Refinances 10 Ships
Belgian owner and operator of gas carriers Exmar has received a firm commitment for the refinancing of its ten owned pressurized vessels.
The fleet is currently 100% chartered out and will be refinanced through several sale and leasebacks with unnamed Japanese owners for a period of up to six years, the company revealed.Posted On:5-Oct-2018
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Cleaner shipping fuel regulation presents opportunities for Middle East ports
Nineteen months. That is how long the world s oil and shipping markets have left to adjust to the International Maritime Organisation s (IMO) ruling to reduce the sulphur cap from 3.5% to 0.5% at the start of 2020. The change will be immense for the shipping, refining and trading industry but could also present opportunities for Middle East ports who have invested in cutting edge infrastructure.Posted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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Port of Wilmington in Delaware begins new era with GT USA Wilmington as terminal and port operator
The Port of Wilmington ushered in a new era of business today as GT USA Wilmington became the new operators of the deep-water port and marine terminal that has served shipping lines since 1923.Posted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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Port Of Hull Expands Container Connections With New Sailings To Belgium s Biggest Port
ABP s Port of Hull continues to boom as it welcomes yet another new container service. The latest service will connect Hull with Antwerp, Belgium s largest port.
Global logistics company, Samskip, has opened up the twice-weekly route which will officially arrive at the Port of Hull for the first time on 14 October, with a vessel holding over 500 twenty-foot containers.Posted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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Port concessioning review without Shippers Council ll fail - Bello
The Nigerian Shippers Council (NSC), has warned that there won t be a meaningful port concession review without involvement of the Council.
This was disclosed by the Executive Secretary of the Council, Barr. Hassan Bello, at the sidelines of the Sub Regional Workshop and Joint Standing Committee Meeting of the Union of African Shippers Council (UASC) hosted by the NSC in Abuja recently.Posted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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Huge Canadian investment lift for Scotland s Forth Ports
PSP Investments is one of Canada’s largest pension investment managers with $153 billion of net assets. It has bought the entire shareholding in Forth Ports of the Arcus European Infrastructure Fund 1 LP for an undisclosed sum.
Forth Ports stated: "After financial completion, PSP Investments will partner with other long term investors who are well aligned to support the future growth of Forth Ports."Posted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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LNG bunkering marks number of firsts for Shell and Sovcomflot in Rotterdam
Shell recently delivered its first ship-to-ship bunkering of cleaner burning LNG fuel from its specialised LNG bunker vessel, Cardissa, paving the way for many other operations from the vessel. This operation marked a number of other firsts, as it fuelledPosted On:5-Oct-2018
Credits: www.bunkerportsnews.com |
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