196 Ships Broken Worldwide in Q1
Of the 196 ships sold for scrap in the first quarter of 2017, 65 percent ended up on beaches in India, Bangladesh and Pakistan, said South Asia quarterly update of NGO Shipbreaking Platform. 128 ships were sold for scrap to the South Asian beaches in the first quarter of 2017. 51 of the beached vessels were containerships. The other main shipbreaking destinations, Turkey and China, received 36 and 28 vessels respectively.
AWO, ACC Renew Chemical Shipping Agreement
The American Waterways Operators (AWO) and The American Chemistry Council (ACC) have renewed for three years a Memorandum of Agreement to promote environmental, health…
Infor, GenesisSolutions Form Alliance
Genesis Technology Solutions, Inc. (GenesisSolutions), the asset performance optimization subsidiary of ABS Group, has signed an Alliance agreement with Infor (US)…
Container Shipping: New Networks in Focus
The most recent available data show that demand for the container shipping grew by 2.7 percent in 2016. With the supply side growing by only 1.3 percent, this meant that the fundamental market balance improved for the first time since 2011. This development is primarily due to decisive actions by ship owners who sold excess tonnage for demolition. Hopefully, improved earnings will also follow soon. The metric-ton-mile demand side has grown by an average of 3.4 percent annually during 2012-2016.
New Dredger Launched for Gippsland Ports
The Trailing Suction Hopper Dredger (TSHD) 650 ordered by Gippsland Ports of Victoria, Australia, in December 2015 has recently been launched at Damen Yichang Shipyard in China. The vessel, named Tommy Norton, is now alongside the yard’s new quay undergoing final commissioning, after which she will sail for Shanghai to undertake sea trials. Once those are completed she will sail for Australia on her own keel for dredging trials and delivery. The official handover will take place in August.
DP Conference: Call for Papers
As the offshore oil and gas industry continues to rebound, so will the demand for dynamic positioning technology and services. The annual Dynamic Positioning Conference provides an annual forum for discussion and for exchange of knowledge, experience, new technology and technical know-how associated with the use, evolving technology and application of dynamic positioning. Each year, the conference…
New Coal Carrier Enters Service for JERA Singapore
On April 14, newly constructed coal carrier Isuzu Maru was delivered at Oshima Shipbuilding Co. Ltd. in Saikai, Japan. The new vessel will be operated by NYK Bulkship (Asia) Pte. Ltd., an NYK group company located in Singapore, for the transport of coal for JERA Trading Singapore Pte. Ltd., a coal trading corporation owned by JERA Co., Inc. (67 percent) and EDF Trading Limited (33 percent). JERA Co., Inc.
Venezuelan Crude Sales to the US Down in March
Venezuelan crude oil sales to the United States declined in March for the third month in a row this year to 651,710 barrels per day due to falling exports of main grade Merey…
UN, Russia Warn Against Assault on Main Yemeni Port
United Nations and Russian officials warned on Tuesday against any attack by Saudi-led coalition forces on the Houthi-held Yemeni port of Hodeidah, the aid lifeline…
Armed Pirates Thwarted off Somalia
A European Union counter-piracy patrol helped thwart a piracy attack close to Somalia’s east coast on April 22. Late on Saturday evening, EU NAVFOR’s Spanish flagship, ESPS Galicia, received a SOS distress call from the master of Sierra Leone flagged merchant tanker vessel MT Costina to say that his vessel was being attacked by a number of armed pirates in a fast-moving skiff. ESPS Galicia, which was 14 nautical miles away…
Nearly Half of Interlake Fleet Fit with Scrubbers
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S.-flag fleet to test freshwater scrubbers on the Great Lakes in April 2015 after pioneering the emission-reduction technology on its M/V Hon. James L. Oberstar. In 2016, the company outfitted its first thousand foot vessel, the M/V James R.
White Paper Addresses Bilge Water Noncompliance
A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine environment. Alfa Laval – a leader in heat transfer, centrifugal separation and fluid handling – has announced the availability of a new white paper, Bilge water compliance issues.
Scorpio Bulkers Charters in Ultramax Vessel
Dry bulk vessels owner Scorpio Bulkers Inc. said it has entered into a time charter-in agreement with an unrelated third party on one Ultramax vessel. The agreement…
AEGIR-Marine Adds Stabilizer Repair Services
AEGIR-Marine, full service provider for stern tube seals and propulsion systems for the maritime industry, said it has added stabilizer and steering gear repair…
Baltic Index Down For Sixth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Tuesday on lower rates for larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed 16 points, or 1.37 percent, to 1,154 points. The capesize index lost 13 points, or 0.73 percent, to 1,767 points, its lowest in over six weeks.
Kartsonas Joins Seanergy Board
Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017. Kartsonas has more than 18 years of experience in finance and commodities trading. He is currently the Principal and Managing Partner of Breakwave Advisors LLC., a commodity-focused advisory firm based in New York. Prior to that, he…
[Update] Two Dead in Bulk Carrier Explosion
At approximately 7:45 p.m., Monday, the captain of the bulk carrier Tamar reported that a second crewmember was killed from an onboard explosion. The New York Air…
East Coast Refiners Mull Texas Oil as North Dakota Alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015. But as more and more pipelines were built in North Dakota, the discount began to disappear, and so did the rail cars.
Tanker Market Could See Difficult Q2, Q3
New vessels expected to hit freight rates; new trade route from east U.S. to Asia to meet Chinese demand. The tanker market may face a "difficult" second and third quarter this year after a robust first quarter as supply of newly built vessels loom, Belgian oil tanker operator Euronav said on Tuesday. "The rates today are not the same as what we have seen in previous quarters," Chief Executive Paddy Rodgers told Reuters on the sidelines of a shipping conference.
Nimitz Strike Group Successfully Completes COMPTUEX
The USS Nimitz (CVN 68) Carrier Strike Group (CSG) 11 successfully completed its final pre-deployment assessment, Composite Training Unit Exercise (COMPTUEX), April 21, marking the completion of its condensed Inter-Deployment Training Cycle (IDTC) for an upcoming deployment. COMPTUEX is an exercise that tests a strike group's ability to work and operate as one cohesive unit in a simulated real-world-scenario based training environment.