Asia Dry Bulk-Capesize Rates to Stay Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates, ship brokers said on Thursday. "The market is going nowhere - there is no prospect of an improvement because there are so many ships available (for charter)," a Singapore-based capesize ship broker said on Thursday. That overcapacity has led owners to idle around 45-50 capesize vessels rather than operate them at a loss, according to figures from ship broking houses Barry Rogliano Salles and Fearnley. "There's at least that number in the Pacific. Ships are also anchored off South Africa," the Singapore broker said. Norwegian ship broker Fearnley expected more vessels to be idled.
Stena Donates Tanker Model to Paris Museum
Stena donates tanker model to the Musée National de la Marine in Paris, highlighting safe maritime practices and clean oceans. A ceremony was held Friday evening at the prestigious national maritime museum, Musée National de la Marine in Paris, marking Stena’s donation of a model of the Stena Paris P-MAX tanker. The P-MAX tanker concept was developed in the early 2000s in collaboration with the French energy company Total. The aspiration was to construct the safest tanker possible, and the objective of the initiative was to prevent oil catastrophes.
COSCO Orders Deltamarin B.Deltas
Marking another order for Deltamarin’s B.Delta37, the first Chinese shipowner COSCO has ordered four 40,000 DWT Handymax bulk carriers at Tianjin Xingang shipyard in China. In addition to the latest COSCO order, 16 B.Delta37 vessels had previously been ordered at the Tianjin Xingang shipyard, with eight vessels for Louis Dreyfus Armateurs and another eight for M.T. Maritime Management Group (MTMM) / Strategic Shipping Inc. (SSI). The main dimensions of the vessels for COSCO are: length below 180 m and beam 30 m. The service speed at design draught is 14.0 knots.
Stena RoRo Heads Hospital Ship Construction
International charity Mercy Ships recently signed an agreement for the construction of the world's largest civilian hospital ship tentatively named Atlantic Mercy, and Stena RoRo announced that it is engaged as project manager. The vessel, an investment of more than $100 million, will be built at the Chinese Tianjin Xingang Shipyard, and delivery is expected by July 2017. Atlantic Mercy will serve across the world with approximately 9-10 month-long stops in each port. On board there is room for 154 patients and 600+ crew and medical staff.
Deltamarin Designs Hospital Ship
Deltamarin announced a design contract awarded by China Shipbuilding Industry Corporation (CSIC) for the new 37,000 GRT (Gross Register Tonnage) hospital ship to be built for Mercy Ships at Tianjin Xingang Shipyard. Deltamarin’s contract includes approval, procurement and detail design for the vessel, which will be the world’s largest civilian hospital ship, and the first of its kind in Deltamarin’s history. Deltamarin has earlier developed, for yard tendering purposes, the concept design of the vessel together with Stena RoRo, who will manage the actual construction of the hospital ship.
More Orders for B.Delta Bulk Carriers
Deltamarin announced that so far a total of 103 B.Deltas and derivates have been ordered by several world-known shipowners at nine Chinese shipyards. The latest addition is the order of eight open hatch B.Delta37 bulk carriers by Polish shipowner, Polska Zegluga Morska P.P. (Polsteam), at Yangfan Group shipyard. The main dimensions of Polsteam’s B.Delta37 are 179.99 m in overall length and 30.0 m in beam, with cargo carrying capacity of 50,000 m3. With a service speed of 14.0 knots…
Chemical Tanker Design Order for Deltamarin
Deltamarin Ltd to design five 38,000 deadweight ton (dwt) stainless steel parcel chemical tankers for Stolt Nielsen subsidiary. The contract, with Stolt Nielsen Ship Finance Ltd, a subsidiary of Stolt-Nielsen Limited, is for the tankships to be built at Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. in China. The design contract includes Approval Design and 3D Modelling of cargo deck and engine room areas. The ships are designed to deliver substantial improvements in fuel efficiency…
Deltamarin Wins Ship Design Order
The latest additions are for a series of three firm ships plus options of B.Delta37 design as open hatch general cargo ship, which will be built at the Chinese CSC Jinling Shipyard. This will bring the number of firm B.Delta37 newbuilding orders to 21 units and the total number of newbuilding orders of different types of B.Delta designs to 38 for various shipowners. These about 38,300 tdw general cargo carriers have been ordered by the German shipowner Oldendorff Carriers GmbH & Co. The design is an amended version of the standard B.Delta37 design into an open hatch configuration. It features 40 tons SWL electro-hydraulic cranes, ice class 1C and is fully logsfitted. Cargo capacity 48,500 cu. Deadweight 38,300 metric tons at 10.5 m scantling draught.
The Containership Market: Full Steam Ahead?
Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force. Yet, only a year before that, market analysts had been talking of inexorable growth in seaborne containerized transport. Right now, the industry exudes confidence that the bull market for deepsea carriers will continue through 2004, after what proved generally to be a boom time for the liner shipping world last year, on the back of a rebounding world economy.
International Ship Valuation Panel Formed
An International Ship Valuation Panel has been created to provide service to the maritime community by offering the all-encompassing opinion of ship values from four long-time established international ship brokerage firms. Comprised of Barry Rogliano Salles, Paris; Clarksons, London; Jacq. Pierot Jr. & Sons, N.Y.; and R.S. Platou Shipbrokers, Oslo, the panel will offer an alternative to individual valuations that will be especially significant in more complex cases, such as purchase options/obligations, public offerings, fleet mortgages and disputes between parties.