|.: 28-Jan-2019 :.
Seafarer Jobs Growth whopping 42.3%
The last four years saw an unprecedented growth of 42.3 per cent shipboard jobs for Indian seafarers. The seafarers employed on ships worldwide increased from 108446 in 2013 to 154349 in 2017.
India now provides 9.35 per cent of the global seafarers and ranks third in the list of the largest seafarer supplying nation to the world maritime industry.
"The Ministry of Shipping has strived to improve employment generation in the Shipping sector during the last four years," said Union Minister of State for Shipping Mansukh Mandaviya.
He further added, "the number of trained active seafarers today is 154,000, of which 4700 are women and as many as 810 are employed in the shipping sector."
The Directorate of Shipping has started issuing the Indian CDC (Continues Discharge Certificate-cum-Seafarers Identity Document) for candidates who have completed the five basic STCW (Standards of Training, Certification and Watchkeeping for Seafarers) courses since January 2018. Prior to this, candidates who were doing the long duration pre-sea courses were issued Indian CDC.
"This initiative of the Directorate has mobilized lot of seafarers to pursue Indian CDC who otherwise were holding CDC for other flags like Panama, Liberia, etc. The ban on opening of the new pre-sea and post-sea institutes has been lifted and various requirements for approval of courses also delinked," said a government press release.
"This has considerably helped in opening of the new maritime training institutes. This shall definitely assist in further increasing the number of Indian seafarers in global market," it added.
Tanker fire, Halifax
News outlets reported fire on board of a ship docked at Imperial Oil Datrmouth Terminal, Halifax, in the morning Jan 27, ship wasn t identified.
Stephen Turner, acting district chief for Halifax Fire and Emergency Services, says firefighters were called to a ship docked at the Imperial Oil Dartmouth Terminal at around 6 a.m. He says the ship s crew initially tried to put out the fire themselves before calling for help.
Cargo ship breached, water ingress, Sweden
General cargo ship OAK struck an object, assumedly after steering failure, at around 2115 UTC Jan 27 on Gota river, Sweden, while en route from Goteborg to Hellekis, just below Lilla Edet. She was moored to jetty shortly after accident, in accident area. Reportedly OAK sustained hull breach in bow area, Swedish emergency teams were alerted and delivered pumps, water ingress was taken under control.
Hapag-Lloyd Declares General Average on Yantian Express
German liner shipping company Hapag-Lloyd has declared General Average on its fire-stricken containership Yantian Express.
General Average is a principal in maritime law under which all parties with a financial interest in the voyage are to proportionally share the losses resulting from an incident.
Two Investors Bid for Minority Stake in NORD/LB
Germany s Norddeutsche Landesbank (NORD/LB) has received a joint offer from two financial investors regarding a minority stake in the bank.
The joint offer was submitted last week by two equity investors, Cerberus Capital Management and Centerbridge Partners. Each of them is interested in buying a 24.9 percent stake in the bank.
Hunter Group Further Delays Decision on VLCC Trio Order
Norwegian investment company Hunter Group has decided to further push the options for three very large crude carriers (VLCCs).
Hunter Group and South Korea s shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) agreed to extend the option agreement for three additional vessels until February 28, 2019.
BW LNG Launches Its Third MEGI LNG Newbuild
BW LNG, BW Group s LNG shipping company, has splashed its third MEGI liquefied natural gas (LNG) newbuilding.
The 173,400 cbm unit was launched this week at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea.
MSC Fetches USD 439 Mn to Finance 86 Scrubbers
Container shipping giant Mediterranean Shipping Company (MSC) has secured a USD 439 million financing to fit 86 exhaust gas cleaning system (EGCS) to its fleet.
According to the law company Watson Farley & Williams (WFW), BNP Paribas (BNPP) was the co-ordinating bank and agent on the agreement, together with a syndicate of four other banks as lenders.
Krasnoye to Build 11 Cargo Carriers for STLC
Krasnoye Sormovo Shipyard, a part of the United Shipbuilding Corporation, has received a contract to construct 11 cargo carriers for Russia s State Transport Leasing Company (STLC).
Under the deal, the Nizhny Novgorod shipbuilder is scheduled to build the project RSD59 dry cargo vessels over a period of three years, by the end of 2021.
Sohar Port and Freezone looks forward to further growth
Sohar Port and Freezone revealed its operating results for 2018, looked back at its 15 years of double digit growth and entered into new partnership agreements, signalling a strong start to 2019 at an event to celebrate its 15th anniversary.
Adani Group may get controlling stake in Mundra LNG terminal
Gujarat may offer an additional 50% stake in Gujarat State Petroleum Corp. (GSPC) LNG Ltd to Adani Group, which already holds a 25% stake in the company, after Indian Oil Corp. Ltd decided to opt out of the race, said three state government officials close to the development, requesting anonymity.
Proposal to set up second major port in A.P. under consideration
Even as the proposal of setting up the second major port in A.P. is hanging in the balance after the one planned at Dugarajapatnam was quashed on the feasibility ground, Union Shipping Secretary Gopal Krishna said that the Centre had not given up on it.
Decongestion of MICP, Port of Manila now ongoing - BOC
Port operators have begun shipping out empty containers clogging the Manila International Container Port (MICP) and the Port of Manila (POM), Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero disclosed.
Guerrero, a former military chief, said the Asian Terminals Incorporated (ATI), which operates POM, has already transferred empty containers from Manila to Batangas Port last January 14.
India: Port-building and shipping can catalyse steel demand
The Indian steel industry has a remarkable potential for growth. As the country moves towards becoming a developed economy, the steel industry will play a significant part in this transformation. The projected demand for steel in India is going to increase from 80 million tonnes in 2015 to 110-120 million tonnes by 2020.