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.: 19-Sep-2019 :. Search News
Displaying 1 to 17 of Records.
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Cargo ship sank in Taiwan Strait, crew rescued
Cargo ship (understood dry cargo), reported issuing distress signal early in the morning Sep 19 in Taiwan Strait. Vessel reported water ingress, sinking, requiring immediate assistance. Crew abandoned ship, all were rescued during large scale rescue operation. Ship s status unknown, she may yet remain afloat.

Posted On:19-Sep-2019



First Steel Cut for New Swedish-Finnish RoPax
Finnish shipbuilder Rauma Marine Constructions (RMC) has commenced the construction of a new car and passenger ferry for Kvarken Link, a Finnish-Swedish consortium.
As informed, the steel cutting ceremony for the vessel was held at the shipyard on September 16.
The environmentally friendly newbuilding, which will operate between Vaasa in Finland and Umea in Sweden, will feature a hybrid electric system with batteries and four Wartsila 31DF dual-fuel engines capable of operating on liquefied natural gas (LNG) and biogas which reduce CO2 emissions by 50% compared to the previous vessel.
The new roll-on/roll-off (RoPax) ship will have a capacity of 800 passengers and 1,500 lane meters for trucks and cars.
As explained, the newbuild will be the world s first RoPax ferry with a Clean Design class mark.
"Our ferry will be something exceptional and it will feature the most advanced and reliable technology. It will be the most environmentally friendly Ropax vessel built so far," Peter Stahlberg, CEO of Wasaline, commented.
To be operated by shipping company Wasaline under the Finnish flag, the new ferry will replace the company s existing vessel Wasa Express in the spring of 2021.
The shipbuilding contract is estimated to be worth about EUR 120 million (USD 132.6 million). The European Investment Bank (EIB) is providing a EUR 70 million loan aimed at improving the ferry connection between Sweden and Finland.
The project also includes port upgrade works required for the reception of the new vessel at the ferry terminals in the cities of Vaasa and Umea.

Posted On:19-Sep-2019



Frontline Drops Options for Four More Trafigura Tankers
John Fredriksen s shipping company Frontline has decided not to buy four more tankers from the subsidiary of Singaporean commodity trader Trafigura.
In August 2019, Frontline reached an agreement with Trafigura Maritime Logistics to acquire ten of its Suezmax tankers, with two separate options to acquire additional units.
The initial option, that expired on September 12, was extended to September 18, however, Frontline elected not to exercise this option and as a result the second option for another Suezmax duo has been terminated.
"We added significant scale through our acquisition of 10 Suezmax tankers from Trafigura, and we are satisfied with our exposure to this asset class," Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS, said.
"We are pleased to see that the tanker market is tightening and earnings increasing in all our segments. Our market view remains positive and supports further fleet growth, but our main focus will be on VLCCs, where we will seek to add exposure."

Posted On:19-Sep-2019



Drewry: Automation Has Little Medium-Term Impact on Seafarer Demand
Vessel automation and digitization will reduce future seafarer demand, but the medium-term impact is expected to be limited, according to shipping consultancy Drewry.
The evolution of autonomous ships will have significant implications for seafarer demand, training needs and manning costs. Crewing remains the single largest cost head within vessel operations, representing almost a half of typical ship operating costs.
In Drewry s view the take-up of autonomous shipping may not be as rapid as many industry observers expect. Reasons for this include: unclear economic benefits, high investment costs, significance of required regulatory regime changes and likely variable adoption rates dependent on sector and geography.
However, despite this shipowners and managers should still be planning for the medium term future crewing requirement of semi-autonomous vessels.
Some of the likely upcoming changes to the seafarer employment market as a result of greater automation include wage structures, training and reduced need for human watch keepers, according to Drewry.
Changes to seafarer wage structures
Seafarer roles with the necessary skills and experience to operate in automated environments will likely command premium payments. Coupled with better employment conditions, these will drive up unit manning costs, though the overall impact may be tempered by reductions in on-board numbers.
Depending on how quickly automated systems are put in place, a seafarer supply lag could lead to cost spikes. Wage inflation will be exasperated if there are lengthy lags between growth in demand for particular technology-related skill sets and the available supply of such seafarers. Hence, ship managers will need to have training strategies in place to ensure that enough skilled labour is available in the future.
Training bottlenecks & rising backup manning ratios
Linked to this, training college bottlenecks could add to supply and cost pressures. Companies may therefore need to consider from where they will get sufficient numbers of IT literate seafarers if knowledge of digital systems becomes necessary ship wide, and not just limited to a few specialist roles. College courses will need to be designed and approved to provide the relevant training, Drewry explained.
Upskilling could raise backup manning ratios. Given that it is likely that training time will need to be increased to keep skills up to date more regularly, this will have an effect on the man-berth ratio. Drewry believes that increased automation could lead to an increase in overall backup ratios of 2%, that would reflect both increased training ashore and more familiarisation time needed with vessel systems when crew changes take place.
Reduced need for human watch keepers
If digital systems could reliably reduce the need for human watch keepers, hours of rest would be less significant. The remaining human element on-board could potentially operate the vessel with less support since the number of deck officers is determined to some extent by the amount of rest needed between periods of watch.
"This point is where the current economic benefits of automation are especially unclear since vessels will need to have duplication, at least, of all systems which would come at huge capital costs for most merchant fleet vessels," Drewry said.
Against the background of reports on the effects of digitisation, and assumed reduced demand for labour at sea, "young people may become less likely to consider seafaring as a career."
"It seems prudent for shipowners and managers, therefore, to be careful to maintain the positive benefits of seafaring occupations to ensure that they continue to get labour for as long as they need it."

Posted On:19-Sep-2019



Singapore, Panama to Strengthen Maritime Relations
Singapore and Panama have signed a Memorandum of Understanding (MoU) to strengthen their maritime relations.
Under the MoU, the maritime authorities of Panama and Singapore will cooperate on maritime matters including the promotion of the use and acceptance of ship s electronic certificates to facilitate port state inspections, the exercise of port state control (PSC) inspections by both countries, as well as personnel exchange.
The deal was signed by Quah Ley Hoon, Chief Executive of MPA Singapore, and Noriel Arauz, Minister of Maritime Affairs and Administrator of the Panama Maritime Authority (AMP), during a high-level delegation visit to Panama.
"This cooperation will strengthen maritime relations between our two countries. It will also yield significant benefits through speedier port clearances for vessels registered with our two countries calling at our ports," said Lam Pin Min, Senior Minister of State for Transport and Senior Minister of State for Health of the Republic of Singapore.
Singapore and Panama are the top five ship registries in the world. Vessels registered with either Panama or Singapore calling at each other s ports will benefit from faster checks and clearances, the parties noted.
"Panama s and Singapore s maritime sectors have always had excellent relations but this MoU between our countries will address important technical issues for both Ship Registries," Arauz added.

Posted On:19-Sep-2019



2020 Bulkers Welcomes Second Newbuild
Norway-based shipowner 2020 Bulkers has accepted delivery of the second of the eight 208,000 dwt Newcastlemax newbuilds from New Times Shipbuilding in China.
The bulker in question is Bulk Santiago and has a capacity of 224,100 cubic meters. Flying the flag of Liberia, the ship was handed over to 2020 Bulkers on September 19, 2019.
On September 21, the 300-meter-long bulk carrier will commence a 12-15-month time charter with Koch Supply & Trading at a fixed rate of USD 19,525 per day.
The time charter was agreed earlier this year when one-year when rates for a standard Capesize were approximately USD 13,000 per day. According to 2020 Bulkers, it reflects "a solid premium for the company s Newcastlemax, as a function of higher cargo intake and lower consumption."
Cash break-even for the vessel is estimated at approximately USD 14,000 per day.
In August this year, New Times delivered Bulk Sandefjord, the first ship from the batch, to 2020 Bulkers.
Four vessels are expected to be delivered within the next four months, and all eight vessels are expected to be delivered by May 2020. All of them will feature scrubbers.

Posted On:19-Sep-2019



Jalesh to introduce new cruise ports sailing from Mumbai
The Karnika from Jalesh Cruises will be back in Mumbai on September 19 to sail to new Indian cruise destinations: Ganpatipule in Maharashtra and Diu.
The company is offering a 15 percent discount to guests for Diwali, Christmas and New Year vacations.
The Karnika sails later this week on its first itinerary to Goa. The ship will also become the first domestic cruise ship to take guests to Ganpatipule in Maharashtra in October and Diu in November.
Jurgen Bailom, President & CEO, Jalesh Cruises said: "We are extremely excited to offer new and unexplored cruise destinations to our guests in India. Being India's first premium cruise line, we are focused on offering our guests the best of the country's vast coastline. Karnika will be the first domestic ship to sail to Ganpatipule in Maharashtra and Diu, thereby opening up new cruising frontiers in India for our guests to enjoy and for others to follow."
The Karnika will be sailing from Mumbai to Muscat, Oman for a Diwali and Christmas special itineraries and it will sail from Dubai to Mumbai for the New Year trip.

Posted On:19-Sep-2019



Credits: www.indiaseatradenews.com

Latvian tanker attacked, looted, West Africa
Latvian product tanker ANCE was attacked at 0250 UTC Sep 16, while at anchor in position 09 25N 013 44E, 5 nm SSW of Conakry, Guinea, West Africa. IMO/IMB report:
Four robbers armed with a gun and knives boarded an anchored tanker. They took hostage the duty AB, tied his hands and forced him to lead them to the bridge.

Posted On:19-Sep-2019



UK Selects McLaughlin & Harvey for 2nd Phase of Liverpool2
UK-based company McLaughlin & Harvey has been awarded the contract to deliver the next phase of development at the Liverpool2 deepwater container terminal.
The multi-million project includes the addition of ten cantilever rail mounted gantry cranes (CRMGs) and three ship-to-shore cranes (STS). The STS cranes are scheduled to arrive in November 2019 with the overall project expected to be completed during 2021. Detailed design and preparatory civil works have already commenced.

Posted On:19-Sep-2019



MSC: Third 23,000 TEU Boxship Named in Bremerhaven
Switzerland-based container shipping major Mediterranean Shipping Company (MSC) has welcomed MSC Samar, the third vessel in the company s Gulsun class of 23,000 TEU+ ships, to its fleet.
The naming ceremony for the 23,756 TEU ultra large container vessel (ULCV) was held at the Port of Bremerhaven on September 17, 2019.

Posted On:19-Sep-2019



Shell, Qatar Petroleum Form Global LNG Bunkering JV
State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell are forming a joint venture for global LNG bunkering services.
Signed by Qatar Petroleum s Wave LNG Solutions and Shell Gas & Power Developments B.V. on September 18, the agreement paves the way for the establishment of the joint venture company owned equally by both parties.

Posted On:19-Sep-2019



First Steel Cut for New Swedish-Finnish RoPax
Finnish shipbuilder Rauma Marine Constructions (RMC) has commenced the construction of a new car and passenger ferry for Kvarken Link, a Finnish-Swedish consortium.
As informed, the steel cutting ceremony for the vessel was held at the shipyard on September 16.

Posted On:19-Sep-2019



Shanghai best-connected container port in the world and Rotterdam at the top of the European league
Shanghai is the world s best-connected container port, with Singapore in second place and Ningbo a distant 3rd place in the Port Liner Shipping Connectivity Index (Port LSCI) that has been developed jointly by MDS Transmodal and UNCTAD. The Port LSCI describes the relative container shipping connectivity of each port compared to Hong Kong in 2006 Q3, which was the best-connected port at the time but is now only 5th in the global league table with an index of 101.

Posted On:19-Sep-2019



Credits: www.bunkerportsnews.com

Suez Canal Authority Offers Rebates for LNG Tankers
The Suez Canal Authority (SCA) always pays attention to its user s best interest, to be the first choice for ships of all kinds.
Meeting with market conditions and to encourage more LNG tankers to transit the Suez Canal, the SCA has issued Periodical including amendment to circular 7/2017, concerning LNG tankers operating between between the "American Gulf" (starting from Miami port and its western ports within the "American Gulf"), ports South of the "American Gulf", "Arabian Gulf" (ports within the Arabian Gulf starting from the port of Muscat), India and eastern ports to pass through Suez Canal.

Posted On:19-Sep-2019



Credits: www.bunkerportsnews.com

Iron ore arrivals at Chinese ports rebound on week
Major Chinese ports saw arrivals of seaborne iron ore rising last week, after three consecutive weeks of decline, SMM data showed on Tuesday September 17.
SMM estimates that 89 vessels carrying 13.93 million mt of iron ore arrived at major Chinese ports during September 8-14, up 3.08 million mt from the week ended September 7.

Posted On:19-Sep-2019



Credits: www.bunkerportsnews.com

British Ports Association Publishes Business Confidence Survey
Maritime industry professionals remain confident about the year ahead despite wider uncertainty, according to new data published by the British Ports Association yesterday. Ports themselves are more likely to be worried about the economy over the next 12 months, however.

Posted On:19-Sep-2019



Credits: www.bunkerportsnews.com

Panama Canal Signs Agreement with Port of Rotterdam
The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America. Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects.

Posted On:19-Sep-2019



Credits: www.bunkerportsnews.com
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