North Asian MR Rates Rise on Strong Winter Demand
The medium range (MR) tanker market in the North Asia has firmed this week, with rates recovering from last month’s lowest levels in 2016 as charterers rushed to fix an influx of fresh cargoes before the holiday season. Rates for the key South Korea-Japan route grew by $20,000 w-o-w to $290,000 while rates for the key South Korea-Singapore route jumped by $75,000 w-o-w to $380,000. Rates for the key Singapore-Japan route basis 30kt were up by w17.5 points w-o-w to w125 points.
Total Joins SEA\LNG Coalition
Total, the world’s fourth-ranked international oil and gas company, has joined SEA\LNG, a multi-sector industry coalition created to accelerate the widespread adoption…
Australian LNG-fueled RO/RO Enters Service
A brand new liquefied natural gas (LNG)-fueled roll-on-roll-off freight vessel, Searoad Mersey II, has commenced service from its home port Devonport, in northern Tasmania, Australia. Touted by Bass Strait shipping and logistics firm SeaRoad as the “cleanest, greenest freight ship ever to trade in Australian waters”, Searoad Mersey II is the first coastal ship in Australia to use LNG fuel-and-power…
NSC-Group Chooses Marlink VSAT
Hamburg headquartered international ship operator NSC-Group has chosen Marlink to move its fleet of about 60 vessels to high bandwidth maritime VSAT. NSC-Group has…
Traditional, Project Cargoes Transit St. Lawrence Seaway in November
“November was a good month for the export of agricultural products and shipments of aluminum ingots on the Great Lakes Seaway System,” said Betty Sutton, Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “Under the binational trade development program known as ‘Highway H2O’, the U.S. Sutton added, “The U.S. Great Lakes ports of Toledo, Ohio; Duluth, Minn.; Burns Harbor, Ind.; and Milwaukee, Wis.
Ferry Cafeteria Renovated for Fine Dining
The ferry MS Chi-Cheemaun has been a staple of Georgian Bay for over 40 years. A $2.4-million renovation to convert the cafeteria into a fine dining area was completed in time for her re-entry into service for the 2016 sailing season. The interior design takes a completely new approach to how the space is used, with creation of seven specific lighting zones, a bar area, and a clear division between the fine dining and general dining areas.
Superior Adds Primary Crusher to Processing Portfolio
Superior Industries, Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has unveiled a new machinery solution for crushing applications called the Liberty Jaw Crusher. Functioning as a primary crusher, the unit compresses material in stone, concrete, asphalt, and ore applications. Superior acquired the original design in their 2015 acquisition of Canadian-based Clemro Western.
St. Lawrence Seaway Expecting a Strong Finish
A strong finish to the St. Lawrence Seaway’s 2016 shipping season is expected as freighters deliver raw materials and exports for North America’s industrial and agricultural sectors before the waterway closes December 31. "The St. Lawrence Seaway has been a significant export gateway for American grain and iron ore pellets this season and that’s expected to continue in these final weeks of December,” said Bruce R. Burrows, the new president of the Chamber of Marine Commerce.
Asian Bulk Fleet Gains Value in 2016
In what has been a very difficult year for dry bulk, the values of regional fleets have changed quite a bit over 2016. Despite the down market, the Asian fleet is 7 percent more valuable at the end of the year. Since the Baltic Dry Index (BDI) low of 290 points in February this year, the index has recovered to above 1200 points. Asian owners have spent $1.6 billion on secondhand vessels, 27.5 percent of global spending throughout the year.
New Research to Examine Oil Spill Impacts
A research team led by University of South Florida College of Marine Science professor Dr. Steven Murawski has been awarded a $1 million grant to explore how oil spills, such as the Deepwater Horizon (DWH) in 2010, impact the economic, ecological and social system aspects of fishing communities. The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine announced Thursday a total of $2.1 million in grants. Murawski’s team, which also includes Dr.
Greater Cruise Sector Investment Expected in 2017
According to its 2017 State of the Cruise Industry Outlook, trade association Cruise Lines International Association (CLIA) is predicting a steady pace of cruise travel interest and significant investment in the industry. Increase in cruise travel is expected to continue throughout 2017, with an estimated 25.3 million passengers expected to sail in 2017, a strong surge from 15.8 million just 10 years prior (2007). More ships will set sail in 2017 as well.
Peru Workers Plan Strike That Could Disrupt LNG Exports
Natural gas workers in Peru plan to hold an indefinite strike starting Dec. 29 that would disrupt production of the widely-used fuel as well as Royal Dutch Shell Plc's liquefied natural gas exports…
First US Offshore Wind Farm Powers Up
Power developer Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, becoming the United States’ first commercially active offshore wind farm. The energy produced from the Block Island Wind Farm is linked to the New England grid via Block Island and mainland Rhode Island by National Grid’s new sea2shore submarine transmission cable system.
No Operating Income from Hanjin Vessels: Danaos Corporation
Danaos Corporation reports its results for the third quarter of 2016 in the aftermath of the bankruptcy of Hanjin Shipping, one of Danaos' large customers. Danaos' CEO Dr. John Coustas says: "As a result of the bankruptcy, we did not recognize any operating revenues for the vessels that had been chartered to Hanjin during the quarter. As a result of the Hanjin bankruptcy we also recorded a write-off of $15.8 million…
Countering Maritime Terrorism
A seminar looking at maritime security issues ranging from cyber security on board ships to piracy and illegal maritime activities concluded in Copenhagen (12-13 December). Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen.
Pacific Islands for Energy Efficiency
An energy efficiency workshop for Pacific Island countries and territories has been held in Port Vila, Vanuatu (12-14 December). The event helped participants gain knowledge and tools to develop national strategies and clear policies to improve energy efficiency in maritime and port infrastructures, to use alternative and cleaner fuels and to increase awareness of energy-efficiency measures. International…
India Identifies Two Maritime Clusters
Two Maritime Clusters have been identified in Gujarat and Tamil Nadu, as part of the National Perspective Plan of Sagarmala Programme. Based on the study conducted under Sagarmala Programme, these proposed Maritime Clusters will comprise of shipyards, ancillary units for shipbuilding, service providers for shipping industries, marine tourism and marine products such as fisheries and aqua culture. The…
Tax Sops for Indian Shipping Industry
In order to support the Indian shipping industry, the Government of India has exempted Customs and Excise Duty leviable on bunker fuels used in Indian flag vessels for transportation of mix of EXIM, domestic and empty containers between two or more ports in India. Government has brought in a uniform abatement of service tax for transportation of goods by rail, road and sea vessels. Indian shipping industry has been provided cargo support through Right of First Refusal (RoFR).
Implementation of Emission Control Areas in China
The Standard Club reported on the regulations issued by the Ministry of Transport of China which designated three emission control areas (ECAs) in its territorial waters. As mentioned therein, the implementation of low sulphur fuel is divided into stages in order to gradually tighten the regulations by putting a 0.5% sulphur content cap on bunkers used within the zones. In three following web alerts respectively dated 12 April 2016…
DMA to Host 'e-Navigation Underway'
For the seventh time, the Danish Maritime Authority is organizing a conference that brings together the maritime world to focus on e-Navigation. The latest trends and the possibilities of implementing e-Navigation are this year's themes as the Danish Maritime Authority co-hosts the conference ‘e-Navigation Underway’ in cooperation with IALA. The conference will take place aboard the ship M/S Pearl Seaways, which will make a return passage to Oslo from January 31 to February 2.