Marine link
 

Ship Scrapping

Report of Joint Working Group on Ship Scrapping

The IMO posted on its Internet site the Report of the Joint Working Group on Ship Scrapping . Representatives from the International Labor Organization (ILO), the IMO, and the Basel Convention (BC) met in Geneva on 12-14 December to continue discussions on development of a regime to address international ship scrapping. The goal is to draft a legally binding instrument on safe and environmentally sound ship recycling. Source: HK Law


Profitability Of Bulk Shipping Dependent On Safety

Bulk shipping has been under the international microscope of late, with spectacular structural failures resulting in sudden loss of lives and ships, vexing designers, builders and owners alike as to the solution to structural and operational problems. Last week industry experts discussed another matter near and dear to bulk shipper's hearts, the future profitability of the depressed bulk shipping business. The overriding message: bulk shipping profitability is inextricably linked to safety


Tanker Freights’ Declining Rate to Continue

Global tanker freight rates may be depressed for several more years as a stream of new vessels hit the market and shipowners refrain from scrapping older ships. However, a recovery is likely toward the end of the decade as more single-hulled tankers are taken off the market to meet regulations for safer ships. Tanker rates jumped to record highs in 2004 as a surge in oil trading and demand strained available fleet supply


GL Bolsters Support of Green Ship Recycling in Asia

019 PRe-MS Ship Recyling_Experts.bmp

Hamburg/Shanghai, 3 May 2011 - Germanischer Lloyd (GL) has recently intensified its efforts to help shipyards, ship owners, suppliers and recycling facilities in Asia to comply with the forthcoming International Convention for the Safe and Environmentally Sound Recycling of Ships ("Hong Kong Convention"). Two well-trained GL ship recycling experts are now stationed in China and Singapore respectively, offering all stakeholders a full range of services including certification


MOL to Scrap, Lay-up, Bulkers

MOL slates total of 10-20 'Capesize' bulk carriers for scrapping and cold lay-up Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced plans for scrapping or cold lay-up of 10 to 20 Capesize bulkers in consideration of this fiscal year's worsening market trends. The company scrapped four vessels and temporarily laid up 10 others last year. Up to now, the company has scrapped Capesize ships that were past 23 years or older, but will now scrap ships that are 15 or older


Krepp Comments on GSA Storis Auction

Denise Krepp

Denise Rucker Krepp, former Maritime Administration Chief Counsel who currently advocates on behalf of the U.S. domestic ship recycling industry, issued a statement at the Coast Guard Shipping Coordinating Committee Meeting March 12, 2014, in Preparation for the April 2014 Maritime Environment Protection Committee Meeting. Below are her comments. Good morning. My name is Denise Krepp and I am representing EMR-Southern Recycling.


VLCC Scrapping Up

With intense international attention focused on older ships, many interested parties are waiting to see if the resultant pressure to utilize new tonnage will result in a scrapping/build boom. If last week is an indication, the move to purge older ships could already be underway. Three VLCC tankers have been reported sold to be scrapped this week, shipping brokers said. The sales would take VLCC demolitions to eight so far this year


Bangladesh To Double Tax On Ship Scrapings

Bangladesh reportedly proposed to double tax on scrap ships in second half of fiscal year 2000.


Bergesen Forecasts Strong Tanker Markets, Less Scrapping

Norwegian shipping group Bergesen d.y. ASA predicts that tanker markets would stay strong due to good demand for oil, but that the number of vessels sold for scrap would fall in 2000. The company, one of the world's top shipping groups, reported a fall in pre-tax earnings to $10.2 million from $19.8 million in the first quarter of 1999. "The tanker market is expected to stay strong in future due to the lifting of OPEC's production restraints as well as good growth in oil consumption


Bill Introduced re Naval Vessel Scrapping

Representative English (R-PA) introduced a bill (H.R. 4397) to temporarily exempt scrapping of naval vessels and Maritime Administration vessels from certain environmental statutes governing handling of hazardous materials. Text of the bill is not yet available. Source: HK Law


Shiptec China 2014 Taking Shape

In just under seven months’ time, marine professionals from China and around the world will gather for the opening of Shiptec China 2014 at the Dalian World Expo Center. Taking place October 21-24, it is the 11th holding of this increasingly important event


Shipping Confidence at Highest Level Since 2008

Richard Greiner

Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


Container Industry Stuck in a Vicious Cycle

Photo: Maersk

The industry is stuck in a vicious cycle, Drewry reports – although new ships may give carriers lower slot costs, the supply/demand dynamics are out of kilter and freight rates remain very volatile. Drewry Maritime Research’s 1Q14 Container Forecaster report highlights that the


Concordia Captain Tried to Blame Wreck on Electrical Blackout

Costa Concordia (Photo courtesy of Boskalis)

The captain of the Costa Concordia tried to persuade the crisis coordinator of the cruise line to pretend an electrical blackout had caused the shipwreck, a court was told on Monday. The luxury liner hit rocks as it sailed close to the island of Giglio in January 2012


UK's Huge Atlantic Array Wind Farm Project Dropped

Image courtesy of EWEA

Developer RWE Innogy is pulling the plug on the 240-turbine Atlantic Array project, report BBC News citing a  Department of Energy and Climate Change (DECC) source. The 222m (721ft) tall turbines, planned to be situated in an area 200 sq km, (77 sq miles) about 16


Idle Floating Production Units at All-time High

Available Floating Production Units by Type 2006-2013 (as of November)

EMA/IMA has just completed an in-depth analysis of the floating production sector. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs. Inventory of floating production systems now at 277 units


China Moves to Help Shipping Industry with Subsidies

In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg. The government will grant 1,500 yuan ($247) per gross ton for shipping companies to replace obsolete ships


Port of Rotterdam Takes Even Strain in 2013

Photo courtesy of APM Rotterdam

According to provisional figures, goods throughput in the port of Rotterdam will end this year at the same level as in 2012: 442 million tonnes. The port explains that the top performance came from dry bulk such as coal, iron ore and agribulk


Port of Redwood City Reports Tonnage Boost

Image: Port of Redwood City

Coming off of a strong second quarter for cargo tonnage, the Port of Redwood City's tonnage for all commodities in the first half of fiscal year 2013/2014 reached 829,681 metric tons, an increase of 24 percent over the same period last year.


Shipping Industry Upswing in 2015, Moore Stephens Predicts

Photo: Greg Trauthwein

International accountant and shipping adviser Moore Stephens believes that the shipping industry’s fortunes should be noticeably improved by 2015 if it maintains the recovery which got under way last year. But it warns that the prospects for recovery may still be fragile if the industry


Coast Guard Reports No Sign of “Ghost Ship”

Kike Calvo via AP Images

Global newswires are flooded with reports that an abandoned cruise vessel, Russian-registered Lyubov Orlova, dubbed the “rat-infested ghost ship,” is nearing the western shores of Europe after being set adrift early last year.


New BTL Import Connection from Colombo to KPCT

Inauguration around Vessel M.V. Tiger Bridge

Krishnapatnam Port Container Terminal (KPCT) has sailed in to a new frontier with the addition of Bengal Tiger Line’s (BTL) new Colombo feeder service (BOX-2) from KPCT.  This new fixed day weekly service has a port rotation of Colombo - KPCT - Chennai and had its maiden call on


Ofgem to Link Offshore Wind to U.K Grid

By Susanna Twidale, Reuters U.K. energy regulator Ofgem on Wednesday launched a £400 million tender for linking offshore wind farms in the North Sea to Britain's national power grid. Ofgem is calling for firms to construct high-voltage transmission links to connect the Westermost Rough


Golden Ocean Sees 10% Growth

Reuters- Dry bulk carrier Golden Ocean Group Ltd expects double-digit growth in global iron ore trade in 2014, helping its markets pick up momentum and improving rates, the company's CEO Herman Billung said at a conference in Oslo on Wednesday.


Ship Glut Burdens LNG Tanker Market, Slashes Profits

LNG carrier rendering courtesy of MOL

By Jonathan Saul and Oleg Vukmanovic, Reuters Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. The liquefied natural gas (LNG) tanker market was until recently


 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright