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.: 1-Nov-2018 :. Search News
Displaying 1 to 17 of Records.
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WISTA International Elects New Board Members and Honors 2018 Personality of the Year
Women's International Shipping and Trading Association (WISTA) elected Connie Roozen, Director of C&B More (WISTA the Netherlands) as Treasurer and Angie Hartmann, Vice President Crew Affairs, Starbulk S.A. (WISTA Hellas) as Board Member, to the WISTA International Executive Committee at their 38th International Annual General Meeting in Tromso, Norway on October 24, 2018. Sanjam Gupta, Director Sitara Shipping Ltd (WISTA India), was re-elected to a third term on the Executive Committee. Kathy Metcalf, CEO of the Chamber of Shipping of America, was honored as the 2018 WISTA International Personality of the Year.
Connie Roozen is Director at C& B More, a tax consultancy firm. Roozen has served as Treasurer for WISTA the Netherlands since 2014. She takes over the position from Rachel Lawton (WISTA UK), who has reached her term limit on the committee.
"I am looking forward to empowering women in the shipping and trading industry around the globe," said Roozen.
Angie Hartmann is President, Crew Affairs at Starbulk S.A., a global ship management company. Hartmann has been an active WISTA Hellas member since 1996 and has served as President of WISTA Hellas since 2014. She takes over the position from Katarina Stathopoulou (WISTA Hellas), who has reached the committee term limit.
"I am honored to have been elected to serve on the Executive Committee and continue the great work of all the dynamic women who have served before me. We are striving toward building avenues for more and more women to make a difference in the maritime world and equalize opportunity," said Hartmann.
Sanjam Gupta was re-elected to her third term as a WISTA Executive Committee Board Member. Gupta founded WISTA India in 2012 and served until recently as the association’s president. Gupta also serves on the Executive Board of the World Maritime University.
"I am honored to be re-elected to a third terms as an Executive Committee member looking after the Asia Pacific and Middle East region. This region makes up more than a third of the global economy and half of the world's population - there is great potential to have more NWAs in the region for the benefit of WISTA members all over the globe," said Gupta.
Kathy Metcalf, CEO of The Chamber of Shipping of America, was honored as the 2018 WISTA International Personality of the Year at the Annual General Meeting. Metcalf, a fixture of the international maritime industry, was a pioneer for women in the industry, graduating with the first class of female merchant marines from the United States Maritime Academy in 1978. Today, Metcalf continues to be a force advocating for inclusion and equality in the industry. In addition to her role as CEO, Metcalf is also the Chairman of the International Chamber of Shipping's Environmental Sub-Committee. Metcalf was nominated for the honor by WISTA USA.
WISTA International is the leading network of decision-making women in shipping and trading around the world. WISTA International is guided by the Executive Committee: Despina Panayiotou Theodosiou, President, WISTA Cyprus; Diane Edwards, Secretary, WISTA New Zealand; Connie Roozen, Treasurer, WISTA The Netherlands; Jeannie Grasso, Member, WISTA USA; Sanjam Gupta, Member, WISTA India; Angie Hartmann, Member, WISTA Hellas; Naa Densua Aryeetey, Member, WISTA Ghana. Representative of Representing nearly 3,000 members in 46 countries around the world, WISTA promotes increased competency, knowledge and development for women in the maritime industry. WISTA International members work in all sectors of the maritime industry, including finance, ship building, seafarers, governing and regulatory bodies, brokers and more. The International body meets annually to vote on protocols, guidelines and strategic direction. 31 Countries were represented at the 2018 International Annual Meeting. More than 300 individuals attended the parallel conference on "Breaking the Ice - Developing dialogues for sustainable business in the Arctic".

Posted On:1-Nov-2018



New shipping regulation may push fuel cost to $70b yearly
Concerns are rife that the new shipping policy of the International Maritime Organisation (IMO) will spike the cost of fuelling ships to about $70 billion yearly.The 2020 sulphur regulation, which will ban ships from using any marine fuel with sulphur content above 0.5 pct effective January 1, 2020, may impose a heavy burden on owners, as the annual fuel costs for the shipping industry are likely to jump by up to $60 billion, including by $10 billion for the containership sector alone.
As a result, liner companies are transferring a huge portion of the operating costs to shippers, a move that will increase the cost of shipping.However, there are fears in some quarters that some owners might flout the regulations and not invest in compliant fuels, as paying a fine for non-compliance would be much cheaper.
Stakeholders have therefore clamoured for strict monitoring and sanctions for erring shipping firms, as shipping firms jostle to meet the deadline, even as liner giants are now introducing fuel adjustment surcharge ahead of the 2020 sulphur cap.OOCL, Hapag-Lloyd, MSC, CMA CGM, and Maersk Line have already established the surcharge, while Hyundai Merchant Marine (HMM), the latest firm in that line, said the surcharge would be introduced in January 2019, to compensate for the rising fuel.
Meanwhile, the fuel bill of Maersk Line is set to increase by $2 billion yearly, as a result of the sulphur cap in 2020.The Director, Regulatory Affairs at A.P. Moller-Maersk A/S, Simon Bergulf, said issues stemming from the new regulation have almost created a perfect storm, taking into account the expected tight availability of compliant fuels, and required investments in infrastructure and research.
The company is estimated to have spent $3.37 billion on fuel last year, meaning this might double on account of the new regulation. Maersk assured it will comply with the new rule by using low sulphur fuel, although it had earlier said it was not investing in scrubbers taking into account various operational concerns.
MSC also said it expects operating costs to rise in excess of $2 billion dollars annually, as a result of the new rule, while CMA CGM estimated that the global sulphur cap may cost customers about $160 per TEU on the average. This will be "taken into account through the application or adjustment of fuel surcharges on a trade-by-trade basis."
However, compliance challenges are envisaged in the early implementation years.Already, the Organisation of the Petroleum Exporting Countries (OPEC), in its recently released Reference Case, assumed that about 70 per cent of shipowners will comply with the new rule that compels them to have scrubbers or switch to low sulphur bunkers or other compliant fuels.
Despite IMO's efforts to enforce the regulation, OPEC expects that there will be up to 30 per cent of non-compliance, due to relatively low level of scrubber penetration as well as the potential lack of compliant fuel.
"Overall, OPEC is bullish about scrubbers. They expect that scrubber penetration will accelerate after a slow start. The year 2018 started with less than 500 vessels that had installed or ordered scrubbers. By 2020, OPEC expects this number to reach 2,000 vessels, growing to 4,500-5,000 vessels in the medium term," Poten and Partners said in a weekly market report.
"This scenario implies that, while the use of Low Sulphur Fuel Oil (LSFO), and gasoil will initially jump in 2020, the increased penetration of onboard scrubbers will support continued use of High Sulphur Fuel Oil (HSFO) over time."Due to a lot of uncertainty surrounding the bunker fuel mix, OPEC believes that the global refining industry will be reluctant to make significant investments to make more compliant fuel available, taking the "wait and see approach."

Posted On:1-Nov-2018



Shipping industry gets on board with plastic fight
The shipping industry has become the latest sector to promise tougher action on plastic waste as concern over the impact of stray plastics on marine life shows little sign of dissipating.
Late last week the International Maritime Organisation (IMO) adopted a new action plan, which promises stricter rules and regulations to curb marine plastic litter from ships.
Ships are already barred from dumping plastic in the ocean by the International Convention for the Prevention of Pollution from Ships (MARPOL), but studies have revealed waste from ships is still ending up in the oceans.
Under the action plan the IMO said it would launch a new study into the scale of marine plastic litter still coming from ships, ensure ports have enough capacity to take rubbish from boats, and consider requiring boats to mark up their fishing gear to track perpetrators of illegal net dumping.
It also said the industry would consider implementing a mandatory reporting scheme for any containers lost at sea. All actions would be completed by 2025, IMO said. The IMO added the action would help it towards meeting targets set out under the UN Sustainable Development Goal 14, which aims to protect "life below water".
The action plan was adopted at a meeting of the IMO's Marine Environment Protection Committee in London last week, where talks aimed at accelerating the shipping industry's progress towards decarbonisation were underway. Reports suggest the climate action talks stalled however, with delegates agreeing to resume discussions in May 2019.

Posted On:1-Nov-2018



Court Orders JES Shipbuilding Business to Be Wound Up
The Jiangsu Jingjiang Court has ordered for the seven shipbuilding subsidiaries of the Chinese group JES International Holdings Limited to cease operation and to be wound up.
JES said that the decision was made after its judicial managers failed to submit a draft of a revival plan according to schedule.

Posted On:1-Nov-2018



Better TCE Rates Push Dorian LPG s Revenue Up
Gas carrier owner and operator Dorian LPG has witnessed an increase in revenues in the second quarter of fiscal year 2018, driven by an improvement in time charter equivalent (TCE) rates.
The company said that its revenues for the quarter ended September 30 reached USD 40.8 million, rising by 17.5 percent from USD 34.7 million reported in the same period a year earlier.

Posted On:1-Nov-2018



First Aloha Class Vessel Delivered to Matson
U.S. carrier Matson has taken delivery of the first of two new Aloha Class containerships built at Philly Shipyard.
The new vessel, named Daniel K. Inouye, was handed over to its owner on October 31. Matson said that it is the largest containership ever built in the United States so far.

Posted On:1-Nov-2018



Seanergy Inks Deals to Install Scrubbers on Five Bulkers
Greek dry bulk shipping company Seanergy Maritime Holdings Corp. has entered into commercial agreements for the installation of exhaust gas cleaning systems (EGCS) on fifty percent of its Capesize fleet.
Namely, the company has signed deals to equip five of its Capesize bulk carriers with scrubbers before the January 1, 2020 implementation date of the International Maritime Organization s (IMO) sulfur emission cap regulations.

Posted On:1-Nov-2018



Hurtigruten Orders Another Hybrid Cruise Ship
Norwegian cruise line Hurtigruten has ordered another hybrid-powered expedition cruise ship from compatriot shipbuilder Kleven. The duo has signed a memorandum of understanding for the construction of Hurtigruten s third such vessel.

Posted On:1-Nov-2018



SCF s LNG-Fueled Aframax Transits Northern Sea Route
Lomonosov Prospect, Sovcomflot s large-capacity tanker using LNG as its primary fuel, has completed a commercial voyage along the Northern Sea Route (NSR) to deliver a cargo of petroleum products from the Republic of Korea to Northern Europe.
It took the vessel 7.8 days to complete the high-latitude voyage from Cape Dezhnev at Chukotka to Cape Zhelaniya of the Novaya Zemlya archipelago, covering a distance of 2,194 nautical miles.

Posted On:1-Nov-2018



MAIB: Insufficient Anchor Cable Led to River Humber Collision
Insufficient anchor cable and an unprepared crew have led to a collision between three ships on the River Humber, according to a report by UK s Marine Accident Investigation Branch (MAIB).
The UK-registered general cargo vessel Celtic Spirit dragged its anchor in heavy weather on the River Humber in the early morning hours of March 1, 2018.

Posted On:1-Nov-2018



CMA CGM Wraps Up Acquisition of Containerships
French liner shipping major CMA CGM Group completed today the acquisition of Finland-based container-transportation and logistics company Containerships.
Founded in 1966, Containerships specializes in Intra-European containerized trade with 690 employees

Posted On:1-Nov-2018



Scorpio Tankers Widens Net Loss
Monaco-based tanker owner Scorpio Tankers wrapped up the first three quarters of this year with a widened net loss.
Impacted by challenging market conditions, the company suffered a net loss of USD 172.4 million in the nine months ended September 30, 2018, compared to a net loss of USD 116.7 million posted in the same period a year earlier.

Posted On:1-Nov-2018



Port Klang can become among world s 10 best ports: Transport Ministry
The Transport Ministry is working to enhance Port Klang s operations efficiency to make it one of the top 10 best ports in the world, its minister Anthony Loke said yesterday.
Port Klang is currently ranked the world s 12th best container port. We are sure that the target can be achieved if the efficiency aspect is (focussed upon), especially (in the area of) acceptance and release of cargo.

Posted On:1-Nov-2018



Credits: www.bunkerportsnews.com

The Port of Kribi has handled 190 vessels since it s commissioning
Since it was commissioned on March 2 this year, the port of Kribi has already welcomed 190 ships of various sizes. According to the port authority, 50 destinations (departures and arrivals) are covered by the port. Main departure points include China, Vietnam, the USA, France, the Netherlands and Italy, while arrival countries include China, Germany, France, Turkey, and South Africa.

Posted On:1-Nov-2018



Credits: www.bunkerportsnews.com

GPHA sees port expansion projects boosting competitive edge in West Africa sub-region
The completion of the various port expansion projects would give Ghana a more competitive edge in operations in the West Africa sub-region, Mr David Songotu, Ghana Ports and Harbours Authority s (GPHA) representative to the Sahelian countries, has said.

Posted On:1-Nov-2018



Credits: www.bunkerportsnews.com

EU approves state aid for Lithuanian LNG terminal
The European Commission approved on Wednesday new government support terms to the liquefied natural gas (LNG) terminal at the Klaipeda seaport, after the Lithuanian authorities changed some of the conditions it got approval for already in 2013.

Posted On:1-Nov-2018



Credits: www.bunkerportsnews.com

Kalmar continues long-term relationship with EUROGATE Tanger with new RTG delivery
Kalmar, part of Cargotec, is to deliver two rubber-tyred gantry cranes (RTGs) to EUROGATE, Europe s leading shipping line-independent container terminal operator, for use in their Tanger S.A. terminal in Morocco. The order was booked in Cargotec s 2018 Q3 order intake, with delivery scheduled to take place during Q3 of 2019.

Posted On:1-Nov-2018



Credits: www.bunkerportsnews.com
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