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Shipowners

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.


Fincantieri Lays Keel for Seabourn Ovation

from the left Alberto Maestrini (Direttore Generale Fincantieri); sen. Roberta Pinotti (Ministro della Difesa); Paolo Capobianco (Direttore stabilimento Fincantieri di Sestri Ponente); Stig Betten Photo Fincant(comandante)

The keel laying ceremony of "Seabourn Ovation", the second of two ultra-luxury cruise ships that Fincantieri is building for Seabourn Cruise Line, brand of Carnival Corporation, took place today, in the presence of the Italian Minister of Defence Roberta Pinotti


World Fuel Services Prepares for Global Sulphur Cap

Logo

From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge.


Operation Atalanta Continues to Keep the Coast of Somalia Safe

Photo: The European Community Shipowners’ Associations (ECSA)

 The European Community Shipowners’ Associations (ECSA) welcomes the European Council’s decision of 25 November to extend the mandate of Atalanta, the European Union’s counter-piracy operation along the East African coast.  


Sizing Up The World’s Shipping Companies

Graph: Clarksons Research

 Shipping is a truly global industry with owners based all over the world, says Clarksons Research. Interestingly, ownership is also very fragmented with over 90,000 vessels owned by more than 24,000 shipowners, with an average of around four ships per owner.   


Jotun:ISO 19030 standard can make $30 bln impact on the industry

Geir Axel Oftedahl, Jotuns Business Development Director - HPS Photo Jotun

The International Organization for Standardization (ISO) has now published the long-awaited ISO 19030, a new standard conceived to measure changes in ship-specific hull and propeller performance. According to Jotun, which has led the industry in the standard’s development


Vessel Oversupply to Persist in the VLGC Shipping Sector

Graph: Drewry Shipping Consultants Limited

 High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.  


Africa and Shipping – A Mutually Benefiting Cooperation

Photo: European Community Shipowners’ Associations (ECSA)

 African governments and businesses are important partners of European shipping companies and the region has become one of the most promising global growth markets.    The “blue” economy offers a lot of opportunities


BIMCO Adopts Ship Financing Term Sheet

Photo: BIMCO

 In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.   The term sheet has been drafted as a short and simple standard for


Training for Better Ballast Water Management

Photo: International Maritime Organization (IMO)

 Work to implement International Maritime Organization (IMO)’s Ballast Water Management (BWM) Convention in developing countries is underway in Zagreb, Croatia this week, with two training activities under IMO’s GloBallast project.   


CLIA, ECSA Welcomes European Directive on Port Reception Facilities

Photo by European Community Shipowners’ Associations (ECSA)

 The Cruise Lines International Association Europe (CLIA Europe) and the European Community Shipowners’ Associations (ECSA) welcome the revision of the European directive on port reception facilities for ship-generated waste and cargo residues.   


Use Training to Direct the Future of Shipping says ICS Chairman

File Photo: Esben Poulsson, Chairman of the International Chamber of Shipping (ICS)

 Training acts not only as a career enhancer, but also plays an essential role in the modernisation of the shipping industry as a whole, said Esben Poulsson, Chairman of the International Chamber of Shipping (ICS) today, as he delivered the keynote speech at this year’s Crew Connect


Double Naming Ceremony of Russian Icebreakers

Double naming ceremony of Russian icebreakers Photo Havyard

On Saturday a double naming ceremony took place at Havyard Ship Technology, for the two icebreaking offshore vessels delivered to the Russian shipping company Femco. Femco Group is today the only privately-owned company in Russia specialising in operations of anchor handling vessels


EU Should Seize Momentum to Make IMO CO2 Roadmap Work

Photo: European Community Shipowners’ Associations (ECSA)

 European Community Shipowners’ Associations (ECSA) facilitated a debriefing in the European Parliament this morning on the latest decisions of the International Maritime Organisation (IMO) regarding global regulation of greenhouse gas emissions of shipping.  


Oversupply Dampens Chemical Tanker Market

Graph: Drewry Shipping Consultants Limited

 Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.  


DNV GL Adds New Functionality to ECO Insight

Image: DNV GL

 The latest release of DNV GL’s fleet performance management solution ECO Insight adds a range of new analytical and reporting features to the market leading portal.    The new features enable shipowners to manage more vessel data than ever






 
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