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Recovery for European Shipowners?

Pic: Maersk Line

 European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS.   Bunker fuel prices came down significantly amid lower crude oil prices but some shipowners have been unable to take advantage of this because of the bunker clauses they agreed to.   A bunker clause is an agreement between charterer and shipowner whereby the charterer pays for fuel at the port and then the shipowner reimburses the charterer for the fuel left in the vessel on its return, both at the current price of the ports involved.   “Bunkers are down 50% but I don’t think that the bunker clauses have been covering that so for sure owners will try to renegotiate them so they don’t have to pay [as much]. At the same time, even though freights have dropped a bit, bunker fuel has dropped more so [owners] are better off than they were last year and posting strong results,” one ship operator said.   “I think they’ll try and increase earnings next year [2016] by accepting a lower bunker clause or by pushing freights up,” a European market sources said.  


Hiring Armed Guards Should be Left to Government

 In the wake of an independent report recommending the Netherlands government to provide Dutch shipowners with better levels of protection against piracy, including the hiring of armed guards, Netherlands law firm AKD says that shipowners who directly hire armed personnel themselves could face criminal prosecution.   The so-called De Wijckerslooth Committee report was designed to assess the desirability and possibility of deploying private sector armed security to help protect


Maritime Safety Committee Releases New Interim Guidance

Gray Page, a maritime intelligence, investigation and crisis management company, advised that the IMO's Maritime Safety Committee’s (MSC) recently-approved interim guidance on the employment of privately-contracted armed security personnel (PCASP) to combat piracy underlines the requirement for independent vetting of private armed maritime security providers (AMSP). The MSC guidance, issued in May, incorporates recommendations for flag States confirming that it is the responsibility of


Martek Offers ECDIS Leasing Package

Martek Marine’s leasing package offers an option to adopt ECDIS early, which they said can help shipowners benefit from increased safety and lower costs. ECDIS product specialist Bentley Strafford-Stephenson said, “DNV research has shown that deploying ECDIS may reduce grounding frequency by at least 30%. Grounding is the third most frequent accident involving ships larger than 100GT and the fourth highest contributor to marine fatalities at 12%


Being LNG Ready could be the Best Option for Many Ships

Photo: DNV

DNV now offers shipowners the support they need to make newbuilds and existing vessels LNG ready with class approved designs, ready for later, simple retrofit of LNG technology. The service enables shipowners to make smart choices and minimal investments now in readiness for when LNG bunkering becomes widely available. Shipowners are supported through all stages of the decision-making process as they prepare to meet the IMO air emission regulations entering into force from 2015


ICC: Beware Spurious Oil Fraud Claims

Photo: ICC

The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own. Such scams were previously confined to West Africa, ICC said, but now appear to have spread to other countries, as a case reported recently to the ICC International Maritime Bureau (IMB) shows.


CENSA Merges With ICS

The Council of European and Japanese Shipowners’ Associations (CENSA) has been merged into a newly formed Shipping Policy Committee of the International Chamber of Shipping (ICS) effective January 1, 2002. CENSA has provided a platform for national shipowners’ associations in Europe and Japan to promote open and fair international shipping markets, and multilateral rather than unilateral regulation with regard to commercial shipping policy.


Shipowner Aponte Honored

At a ceremony held in the Villa Doria D’Angri at Posillipo in Naples presided over by Professor Gennaro Ferrara rector of the University Studi of Naples “ Parthenope” shipowner Gianluigi Aponte was awarded an honoury degree in Maritime Economics and Transport.


E.R. Schiffahrt Goes Global with Viking

Photo courtesy Viking Life-Saving Equipment

Viking Life-Saving Equipment and E.R. Schiffahrt have teamed up to design a fully customized, global servicing arrangement based on Viking’s Shipowner Agreements. The contract covers liferafts, lifeboats, immersion suits, lifejackets and marine fire systems and equipment such as fire extinguishers on more than 30 vessels of the shipowner’s fleet. The plan is for Viking to manage not just service notifications, but also the coordination of all servicing. 


IMO Sec-Gen Keynotes International Maritime CSR Conference

CSR Conference: Photo courtesy of Maritime Denmark

More than 200 stakeholders from the maritime world gathered at the Culture Yard in Elsinore, Denmark, where the World Maritime University, in collaboration with the Danish Shipowners' Association, hosted a major international conference focusing on maritime CSR (Corporate Social Responsibility). The conference was part of the thrust to formulate maritime CSR policies and to implement them by self-regulation, an area in which analysts consider the shipping industry has been slow to adopt


Japanese Shipbuilding Sliced

Graph: Alibra Shipping Ltd. Research

 New ship orders placed at Japanese yards fell by 80% during H1 2016 compared to H1 2015, according to data from the Japan Ship Exporters' Association (JSEA).    According to ALIBRA Weekly Market Report , this is the worst decline since the autumn of 2008 in terms of gross tonnage


Ecospeed Demonstrator Vessel on Display

Shipowners, shipbuilders and representatives from the Green Award Foundation attended the first in a series of planned Ecospeed demonstration ‘roadshows’ (Photo: Subsea Industries)

Shipowners, shipbuilders and representatives from the Green Award Foundation  attended the first in a series of planned ‘roadshows’ Subsea Industries has initiated to demonstrate the zero environmental impact and simplicity of cleaning hulls protected with its Ecospeed hard coating


ICS Conference to Focus on Shipping Agenda

ICS Logo

The International Chamber of Shipping (ICS) will focus clearly on its core agenda this year, with experts from key areas of industry across the board speaking at its 2016 International Shipping Conference, to be held at the British Library on Wednesday 7 September.


HK Shipping Tycoon George Chao Dies

Photo:  Wah Kwong Shipping Holdings.

Following a long illness George Chao, a shipping legend in Hong Kong and president of Wah Kwong Maritime Transport, died, aged 76, in hospital.   WAH Kwong Maritime Transport Holdings, established 64 years ago, is now one of the largest privately owned shipowners in Hong Kong. 


Oriental Jubilee: World First with "SCRUBBER READY" Notation

The Unique Shipping Group christened its new DNV GL-classed vessel Oriental Jubilee in Ulsan, Korea recently. It is the first vessel to receive the DNV GL SCRUBBER READY notation. Credit: Unique Shipping Group

DNV GL welcomed the Unique Shipping Group’s new vessel Oriental Jubilee into class when it was christened in Ulsan, Korea recently. The 84,000 cu. m. LPG carrier was built by Hyundai Heavy Industries (HHI) in Ulsan and is the first vessel to be awarded the DNV GL SCRUBBER READY notation


Partners Spur Smart Shipping Software Development

The world’s largest shipbuilder has launched an initiative with several industry partners that aims to help small and medium-sized ICT companies develop software for smart shipping, a so-called Eco System for Smart Ships.   Under the Memorandum of Understanding


New Bulk Terminals Trade Association Formed

The newly established Association of Bulk Terminal Operators (ABTO) has been formed to provide the world’s bulk terminals with a united front at governmental level to ensure the sector can better face the environmental and commercial challenges ahead.  


Shipping Sentiment at All-time Low on Trade Slowdown, Brexit Risk

File photo: Ferdinand Harts

Global shipping confidence is at an all-time low as fears of a global recession and Britain's vote to leave the EU pile pressure on parts of the industry already suffering from its worst downturn, a leading transport survey showed on Wednesday.  


Optimarin BWTS Completes USCG Testing

Optimarin Skid 334-FS 2 (Image: Optimarin)

Ballast water treatment (BWT) system specialist Optimarin said it has completed the U.S. Coast Guard’s (USCG) environmental test and all land-based and shipboard testing for marine, brackish and fresh water. It is understood to be the first supplier of UV-based BWT technology to satisfy the


Shipowners Reject Proposals for Ships to Pay for EU Ship Recycling Licences

Photo: International Chamber of Shipping

 Proposals to compel ships, regardless of flag, to pay for European Union ship recycling licences when calling at EU ports, will undermine efforts by the International Maritime Organization (IMO) to improve working and environmental conditions in developing nations


CCS is Authorized RO for Maritime Cook Islands

CCS Chairman and President, Sun Licheng. photo MCI

Maritime Cook Islands (MCI) has authorized the China Classification Society (CCS) as a Recognized Organization (RO), to conduct survey and certification of ships flying the Cook Islands flag. The formal agreement between MCI and CCS which is a full member of the International Association of


MAN's ME-GI Engine for LNG-powered Bulker

ME-GI dispenses with the need for power derating and eliminates the significant problem of methane slip (and resulting CO2 emissions) Photo MAN

Korean shipowner ILSHIN and HMD (Hyundai Mipo Dockyard Co., Ltd.) have signed a shipbuilding contract for a 50,000 dwt bulk carrier. Notably, the vessel will be powered by an MAN B&W 6G50ME-C9.5-GI engine, to be built by HHI-EMD who will also supply the ME-GI and fuel gas supply system.


Cybersecurity On Ships: New Guidelines

Pic: Clyde & Co

 Companies are becoming increasingly alive to the importance of cyber-security and the need to protect themselves against the risk of cyber-attacks; the marine sector is no exception, says Clyde & Co’s Shipping Newsletter.  


Hanjin Sells Vietnamese Terminal

Photo: Hanjin Shipping

 South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT)  in Vietnam to its affiliate in order to secure liquidity.   The financially-troubled shipping line will raise about  $33m from the sale.


Global Tonnage Continues to Grow

Image: Gard

 2015 saw further growth in total Group entered tonnage, which increased from 1,047 billion GT as at August 2014 to 1,088 billion GT as at August 2015, says annual review of International Group P&I Clubs (IGP&I) published by Gard on July 14, 2016.  






 
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