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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.  


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


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


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


Atlantis Tankers Orders 10 Optimarin BWTS

Image: Optimarin

Optimarin has consolidated its position within the EX approved ballast water treatment (BWT) segment with a 10 vessel contract from Atlantis Tankers Group and its management arm Armona Denizcilik, the company announced. The Norwegian BWT specialist will now provide its solution to two newbuildings


LNG Shipping Rates to Remain Under Pressure in 2016

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.


Dry-Bulk Shipping: Hitting the Bottom

Photo: China COSCO Bulk Shipping (Group) Co

 Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei.   The global commodities bust has rocked the dry-bulk shipping industry


Norbulk Selects Parker Kittiwake’s Cat Fines Test Kit

Parker Kittiwake Cat Fines Test Kit for Norbulk Photo Norbulk

Parker Kittiwake, a leading global supplier of asset control and protection technology, has today announced a significant order of its recently launched Cat Fines Test Kit from leading ship management company, Norbulk Shipping. The contract was awarded to Parker Kittiwake following a competitive


BIO-SEA Approaching USCG Approval

BIO-SEA by BIO-UV (Image: BIO-UV)

French company BIO-UV possesses more than 15 years of experience in UV water treatment for drinking water, wastewater, industrial processes, and has mastered the design of UV reactors to ensure performance suitable for the technical environment.  


Confusion Surrounds Wastewater Discharge Rules

Confusion surrounding the entry into force date of MEPC 227(64), the amended regulation governing ship wastewater discharge overboard requirements, could see some shipowners falling foul of the new rules. Mark Beavis, the Managing Director of ACO Marine, a supplier of MEPC


Greek Shipers Disagree with EC on Tax Issues

The European Commission recently published Decision (C(2015)9019 final / 18-12-2015) alleging that some provisions of the Greek shipping taxation regime are in breach of EU state aid provisions and, in particular, the conditions set out in the current Community Guidelines on State Aid to Maritime


SCHOTTEL Enters 2016 with Bag of Orders

SCHOTTEL propelled Fishery Patrol Vessel of South Korean Fisheries Management (Photo: SCHOTTEL)

December 2015 orders covering the whole range   SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, reports it has entered into 2016 with a bag full of new orders. The December orders underpin again the role the German manufacturer plays in the


ICS Issues Shipboard Bullying Guidance

ITF - ICS publication

Maritime employers and seafarers’ unions have joined forces to publish new international ‘Guidance on Eliminating Shipboard Harassment and Bullying’. The new Guidelines, developed by the International Chamber of Shipping (ICS) and the International Transport Workers’


Metcalf to Keynote WISTA USA Luncheon

Kathy Metcalf, President & CEO, Chamber of Shipping of America

Kathy Metcalf, President & CEO, Chamber of Shipping of America was confirmed as the keynote speaker for the Eleventh Annual WISTA USA Luncheon at the CMA Shipping 2016 Conference in Stamford, CT, scheduled to take place at 11:30 a.m., Monday, March 21, 2016.   


Namura Shipbuilding introduces ClassNK-NAPA GREEN

The fleet performance management and optimization system ClassNK-NAPA GREEN jointly developed by leading classification society ClassNK (Chairman and President: Noboru Ueda) and maritime-software, services and data analysis company NAPA has been introduced to a newbuilding by Namura Shipbuilding


BIG DATA & Maritime: The Downside

Tony Baker, Loss Prevention Director

North P&I Club Warns on Downsides of "Big Data" on Ships There is no question that the era of "Big Data" -- and all that those two words encompass -- will be transformational in the maritime market for the coming generation


Drewry: Dry Bulk Shipping Needs Drastic Measures

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.


Ecochlor Selects Drew Marine for Global Resupply and Service Support

Ecochlor chemical resupply.jpg

Ecochlor signed an agreement with Drew Marine to assist them in providing logistics support for the resupply of their BWTS precursor chemicals at selected ports and harbors globally. In addition, Drew Marine will provide chemical storage at designated ports, delivery of the precursor chemicals


Shipping Must be Covered by ETS or Climate Fund – MEPs

Photo: European Federation for Transport and Environment AISBL

 The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week.   






 
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