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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


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.


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


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


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%


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.


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


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. 


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.


S.Korea: Hanjin Cash, Parent Support Should Cover Offloading Fees

A Hanjin Boxship underway (File image: Hanjin)

Cash from top shareholder, executives should cover offload costs. South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line.


Iron: Implications in Shipping

Graph: Clarksons Research

Clarksons Research says that iron-based materials such as steel are used incredibly widely in the world’s industries today, with clear implications for shipping too.   The versatility and strength of steel has made it today’s most important construction material, with 1


ICS Pilotage, Towing and Mooring Survey 2016 Now Underway

Photo:  International Chamber of Shipping

 The role of the pilot in mitigating the potential economic and environmental risk from today's large vessels is one of the most important in maritime safety.    In recognition of this, the International Chamber of Shipping (ICS) has embarked upon its first comprehensive survey of


German Banks Count Cost of Global Shipping Crisis

Photo: Hanjin Shipping

German banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard.   The lenders - among the biggest backers of shipowners over the past 20 years - are behind up to a quarter of the world's $400 billion of outstanding shipping loans


Governments Must Act on Ballast Water Chaos: ICS

Photo: IMO

 The International Chamber of Shipping (ICS) notes Finland’s significant announcement that it has acceded to the IMO Ballast Water Management Convention.    This suggests that this new regime, to protect local ecosystems from the impacts of invasive species


Nairobi Wreck Removal Convention Explained

Photo: International Maritime Organization

 The International Maritime Organization (IMO)  treaty covering wreck removal is on the agenda at the 7th Maritime Salvage and Casualty Response Conference in London (7-8 September).    IMO’s Jan de Boer gave an insight into the Organization’s Nairobi Wreck


53 Hanjin Vessels Denied Port Access

Photo: Hanjin Shipping Co Ltd

 The problems that collapsed South Korea’s Hanjin Shipping could be just the tip of the iceberg. Its fleet is either stuck in ports or unable to dock, with port authorities fretting that the company will not be able to pay its bills.  


Parker Kittiwake Launches Condition Monitoring Starter Kit

Condition Monitoring Starter Kit provides essential tools to protect vital equipment from damage and prevent breakdowns

Parker Kittiwake today launched the Condition Monitoring Starter Kit. The kit combines the Parker Kittiwake DigiCell combined kit, the Holroyd MHC-Bearing Checker, and a PC tablet with a condition monitoring routine and log book pre-loaded on it to help guide the user in using the products for


Gondan Launches Second Dual Fuel Tug Built in Europe

The launching of the second dual fuel tug built in Europe

Today at Gondan Shipyard in Figueras, at high tide, the second Dual Fuel tug ever built in Europe – and the second of a series of three currently under construction for the Norwegian shipowner Østensjø Rederi - has been successfully launched.


Trojan Marinex Introduces Inline Lamp Driver

Image: Trojan Marinex

Trojan Marinex said its ballast water treatment (BWT) system now includes inline lamp drivers, therefore enabling a reduction in cabling and electrical panels , as well as a total system footprint reduction of up to 30 percent.   “Research and science


WE's Direct-drive PM Shaft Generator Solutions for New Chemical Tankers

A 17,500 dwt chemical tanker owned by Rederiet Stenersen AS of Bergen, Norway. (Image: Rederiet Stenersen)

Energy efficiency solution provider WE Tech Solutions said it has received an order to deliver its direct-drive permanent magnet (PM) shaft generator solution to a series of two 17,500 DWT IMO class II chemical tankers, with an option for two more.  


Danelec Marine's Conversion Kits for VDR Retrofits

Conversion kit capsule plate

Danelec Marine is now offering a comprehensive range of conversion kits to facilitate replacement of existing shipboard Voyage Data Recorders (VDRs). The company has created packages to replace more than 30 different models of VDRs and Simplified VDRs (S-VDRs) across all major existing and legacy


WSS Marketing Turner Design’s Ballast Water Compliance Tool

Photo: WSS

Wilhelmsen Ships Service (WSS), provider of products and services to the shipping industry, said it has signed a partnership with Turner Designs USA to market its Ballast-Check 2 PAM Fluorometer to shipowners worldwide.   The easy to use handheld device enables crew to qickly check the


SK Shipping Selects 5X72DF for LNG Carriers

WinGD 5X72DF engine

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF (5X72DF) engines for each of a pair of 180,000 m3 LNG carriers ordered by South Korean shipowner SK Shipping Co., Ltd (SK)


Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

Photo: Hanjin Shipping

 The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.   This is the first time that the industry recommends the merger of the two






 
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