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Off Japan

Vessel Sinks, Eight Drown

At least eight crew members of a Panama-registered cargo ship drowned after the vessel sank off Japan on Sunday, the Japanese coastguard said on Monday. The 3,561-ton White Koowa, with a crew of two Japanese and 12 Filipinos, was carrying 3,000 tons of nickel ore when it sank off Kochi, about 335 miles southwest of Tokyo. Five crew were rescued on Monday and one Filipino crew member remained unaccounted for after the coastguard dispatched patrol boats and aircraft to the scene on Monday. The dead included the ship's captain and chief engineer, both Japanese. It was not known immediately why the ship went down. The White Koowa, which left Indonesia on December 26, had been due to arrive at a southwestern Japanese port on Monday. - (Reuters)


Korean Ship Feared Sunk Off Japan

Rescue officials found a body during a search for a Korean ship missing off southwestern Japan, raising fears the cargo vessel foundered in heavy seas with 28 crew on board, Japan's coast guard said. "Given the facts, we have to conclude that the ship has probably sunk," a coast guard spokesman said. The 22,725-ton Korean-registered Honghae Sanyo vanished with a cargo of gravel in heavy winds and high seas late on Tuesday after failing to pick up a navigator en route to a port in Hyogo


Six Countries Plan Asian Naval Security Drill

Reuters has reported that six countries including Japan, China, South Korea and the United States are to hold a series of joint maritime exercises, just weeks after Tokyo and Seoul were locked in a tense stand-off over some tiny disputed islands. Japan, China, South Korea, the United States, Canada and Russia will launch naval exercises in the Japan Sea and East China Sea to halt the spread of weapons of mass destruction, starting on Saturday, Japanese Coastguard officials said.


U.S. Navy Repositions Ships Off Japan, Contamination Detected

Photo courtesy US Navy

The U.S. 7th Fleet has temporarily repositioned its ships and aircraft away from the Fukushima Dai-Ichi Nuclear Power Plant after detecting low level contamination in the air and on its aircraft operating in the area. The source of this airborne radioactivity is a radioactive plume released from the Fukushima Dai-Ichi Nuclear Power Plant.    For perspective, the maximum potential radiation dose received by any ship's force personnel aboard the ship when it passed through the area


First Japanese Offshore Wind Farm

The Japanese government says its first electricity-generating wind farm to be built off the country’s coast will be ready to start in January 2013 According to 'The Japan Daily Press' the Government’s feed-in tariffs have just gone into effect this month , making electricity generated from renewable resources like solar and wind to be sold at higher prices for the next 20 years. This wind farm, along with announced plans for the construction of Japan’s largest solar panel


Drifting Fishermen Rescued by MOL LNG Carrier

Senshu Maru, Photo courtesy of MOL

Three Castaways Rescued Safely off Indonesia. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) has announced that on October 6, 2014, the MOL-operated/managed LNG carrier Senshu Maru founded drifting castaways in the Celebes Sea off Indonesia, and was able to safely rescue three Indonesian fishermen. The rescue went as follows: At 14:15 (all times were in Japan time) on October 6, 2014, the Senshu Maru, sailing from the port of Bontang, Indonesia


Bulker Being Towed Away from New Zealand

The New Zealand Maritime Safety Authority (MSA) has stated that the bulker Taharoa Express is being towed away from the Northland coastline, after being at anchor off the coast of Dargaville for the past two days as a result of engine problems. The towage passage plan calls for the ship to be towed 200 miles offshore where it will be met by a larger tug for towage to Japan.


Product Tanker Stays Strong In Mideast

The New Year started much as the old left off with product tanker markets strong Mideast-Far East and Tran-Atlantic but weak elsewhere. LR2 tanker rates for Mideast-Japan jumped five and ten Worldscale points on successive days, according to brokers.


Japanese Navy Leaves for Anti-Piracy Mission

According to a report from Bloomberg, two Japanese naval vessels set sail on March 14 to combat piracy off the coast of Somalia. The two warships, each carrying about 200 crew members and two helicopters, will escort vessels carrying Japanese cargo or passengers through the Gulf of Aden, said a spokesman at Japan’s defense ministry on the condition of anonymity. (Source: Bloomberg)


MOL Bulker Rescues Two from Disabled Yacht

MOL-operated Bulk Carrier Rescues 2 from Yacht adrift off Australia.   Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the MOL-operated bulk carrier Yahagi Maru rescued two sailors from the yacht Mehitable, which was adrift at sea approximately 350km off Brisbane, Australia.On the morning of June 5 (local time), the Yagagi Maru, which was under way from Japan toward Newcastle, New South Wales


Japan Starts Probe of LNG Shipping Restrictions

File Image (CREDIT: Parker Bestobell)

Japan's Fair Trade Commission (JFTC) has ordered the country's liquefied natural gas (LNG) buyers to provide details on contract requirements that prevent them from reselling the fuel to third parties, according to a source with direct knowledge of the inquiry.


New Building Price Dynamics Low On Impact

Graph: Clarksons Research

 Newbuilding prices have fallen fairly consistently since the end of 2014, and this trend has continued in recent months, says Clarksons Research.    Cutting newbuild prices can be an effective way for yards to stimulate new orders, but this is not always the case.   


WWL Setting Trend in Breakbulk Shipments to US

A successful operation thanks to competent staff and good teamwork from the stevedores, lashers and WWL. Photo WWL

WWL recently became the first RoRo shipping company to transport heavy breakbulk cargo weighing more than 92 tonnes from Japan to the United States. Until recently, Japanese ports only allowed a maximum cargo weight of 92 tonnes including roll trailer


Lundin Petroleum Finds More Oil in Norway's Arctic

Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday.   "The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil


Japan Grants Patent for EnergySail

Image: Eco Marine Power

The Japan Patent Office has granted a patent to Eco Marine Power (EMP) for its innovative EnergySail technology, an advanced rigid sail device that can be fitted with a range of renewable energy technologies such as solar panels or wind power devices


Iran Crude Oil Exports to Hit 4-month Low

Iran's crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza.  


Asia Tankers-VLCC Rates to Rebound on Firm Cargo Volumes

File Image (Credit: EuroNav)

CNOOC VLCC deal "draws line in the sand" for tanker owners; 25-30 MidEast fixtures still to be released up to mid-November. Freight rates for very large crude carriers (VLCCs), which plunged to a three-week low, are set to recover next week as owners hold out for higher rates on


Concordia Maritime Sells Tanker Stena Supreme

Photo courtesy of Concordia Maritime

Concordia Maritim said is selling the Suezmax tanker Stena Supreme as part of a sale and leaseback transaction, which in this case means that Stena Supreme will be chartered back on a bareboat basis for 12 years, with annual purchase options from year three onwards


NYK Carrier Rescues Fishermen in Distress off Indonesia

Photo: NYK Line

 Kurushima, a bulk carrier operated by NYK Bulk & Projects Carriers Ltd., a wholly owned subsidiary of NYK Line, rescued nine people from a fishing boat in distress on August 31 off the coast of Indonesia.    While Kurushima was sailing from India to Japan


Japan Shippers Merger Ambitious?

Photo: Mitsui O.S.K. Lines (MOL)

 The problem in the proposed merger of Japan's three biggest shipping companies (Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha) is, that synergy number looks ambitious - and if it falls short, the players haven't really improved their position much, says Bloomberg.  


LNG Price Gains Face Ceiling as New Supply Emerges

Asian spot liquefied natural gas (LNG) prices rose this week on the back of rallying gas benchmarks in Europe and a production outage in Angola.   The price of LNG for December delivery was $7.20 per million British thermal units (mmBtu), up around 25 cents from a week earlier


APL Expands Intra-Asia Service Network with New Services

Photo: APL

 APL is expanding its Intra-Asia service network with the launch of a new Japan Taiwan 6 (JT6) Service and an upgraded Japan Thailand 2 (JT2) Service. The new JT6 Service links the markets of Japan, Taiwan, South China with the Philippines.   


NYK Program for Maritime Schools

Photo: NYK Line

 The NYK-TDG Maritime Academy (NTMA), which NYK operates in the Philippines, successfully conducted an international short-term student-exchange program with maritime schools in Japan during the months of August and October 2016.  


Offshore Wind: Renewed Interest in Investment

Graph: Clarksons Research

 There are distinct signs that the offshore wind sector is emerging from a period of relative quiet, says Clarksons Research.    For the first time in several years, the number of final investment decisions (FIDs) is on the rise


Hanjin Commences Layoffs

Photo: Hanjin Shipping Co.

 Hanjin Shipping Co.  has notified 560 shipping crew that their service with the company ends on Dec. 10, reports the Pulse. The rest of 2,000 on the company payroll are expected to get dismissal notice within next month.   






 
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