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Tuesday, January 23, 2018

Last Year News

It’s Electric: Charging Asia’s First E-ferry

(Photo: Cavotec)

Innovative charging technologies connect Asia’s first e-ferry to electrical power, eliminating emissions and dramatically reducing operating costs. The retrofitted passenger ferry, which operates between the island of Cijian and the port of Kaohsiung in Taiwan and that entered service last year, is fully electrically powered. This follows the introduction of a hybrid ferry earlier in 2017. The charging solution was supplied by Swiss based engineering firm Cavotec, who said the technology ensures safe, fast and efficient connection of the ferry to electrical power at the Kaohsiung berth.

World Seaborne Coal Trade Up in 2017

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

World coal seaborne trade increased by 1.5 percent last year due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity, German coal importers lobby VDKI said on Friday. Looking ahead, Wodopia said that, price-wise, China remains in the driving seat as the size of its domestic production determines how much landed coal the country needs to import. "So far, persistent demand in Southeast Asia continues to offset declining tendencies in the Atlantic and supports coal prices," Wodopia said.

Santos Port to Suspend Shipments of Live Animals

© Stockninja / Adobe Stock

The company that operates Latin America’s largest port in the Brazilian city of Santos said on Friday it will suspend shipments of live animals. The company detailed its decision in a letter seen by Reuters that was sent by state-run Companhia Docas do Estado de São Paulo to a congressman. A press officer at Codesp, as the state-run operator is known, said the letter was authentic. Later, the company sent a statement confirming the suspension. The statement said that kind of operation…

Keppel Explores Sale of Jack-up Rigs to Borr Drilling

Photo: Keppel Corporation Limited

Singapore yard Keppel Corporation is considering a sale of jack-up rigs to Norwegian offshore drilling contractor Borr Drilling, reports The Business Times. The world’s biggest builder of oil rigs is seeking to offload six jack-up rigs for up to US$960 million to the Oslo-listed drilling firm headed by Tor Olav Trøim, said the report. BT also reported that Keppel Capital has already hooked up with structured finance provider Clifford Capital to potentially extend a sale-and-lease-back arrangement for at least one jack-up contracted by Grupo R.

Capesize Rates Pull Baltic Index to 4-month Low

© NS Photography / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than four-month low on Tuesday, as capesize rates dropped to their lowest since August last year. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, lost 43 points, or 3.4 percent, to 1,221 points, the lowest since Sept. The capesize index fell 221 points, or 9.91 percent, to 2,010 points, its lowest level since Aug. 10 last year.

Aegean Exits Singapore Bunker Market

© David Gn / Adobe Stock

Aegean Bunkering Pte Ltd on Friday said it had this week left the world's largest marine fuels market in Singapore after handing back its supply and craft operator licences. The company had announced in October that it would halt physical supply operations in Singapore by January amid heightened commercial pressures after the city-state adopted tougher bunkering procedures. Aegean Bunkering, headquartered in Greece, was last year ranked the 20th largest marine fuels supplier by volume in Singapore from a total of 55, data from the Maritime and Port Authority of Singapore (MPA) showed.

Danish Submarine-owner Charged with Abusing Journalist before Killing Her

File photo: Peter Madsen operates submarine UC3 Nautilius in August 2008. (Photo: Frumperino)

Danish inventor Peter Madsen tied up and abused Swedish journalist Kim Wall before murdering her on board his home-built submarine, according to the indictment published on Tuesday. Madsen planned the murder by bringing items, including a saw and screwdrivers, which were used to hit, cut and stab Wall while she was alive, the prosecutors said. Wall, a 30-year-old freelance journalist who was researching a story on the entrepreneur and aerospace engineer, went missing after Madsen took her out to sea in his 17-metre (56-foot) submarine in August last year.

New UK Sub Completes its First Dive

Audacious is the fourth of seven Astute-class attack submarines being built for the Royal Navy (Photo: Royal Navy)

The U.K. Royal Navy’s fourth Astute class submarine, Audacious, has completed its first ever dive, marking a milestone on the path toward full sea trials later in 2018. The trim and basin dive took place over two days in early January in Devonshire Dock, at builder BAE Systems's site in Barrow-in-Furness. The operation, which saw Audacious submerge fully underwater for the first time, allowed a team from Royal Navy, Ministry of Defense and BAE Systems to test many of the sub’s onboard systems, and proved the safety and stability of the 7,400-metric-ton, 97-meter-long attack submarine.

'Final Effort' to Find Malaysia's MH370 Underway

File Image of an Ocean Infinity survey vessel (CREDIT: Ocean Infinity)

A U.S.-based company has begun searching for Malaysia Airlines Flight MH370, Malaysia said on Tuesday, as it tries to solve one of the world's greatest aviation mysteries. Flight MH370 disappeared en route from Kuala Lumpur to Beijing in March 2014 with 239 people, mostly Chinese, on board. Investigators believe someone may have deliberately switched off MH370's transponder before diverting it over the Indian Ocean. Debris has been collected from Indian Ocean islands and Africa's east coast and at least three pieces have been confirmed as coming from the missing plane.

Search Resumes for Malaysian Flight MH370

(File photo: Ocean Infinity)

A U.S.-based company has begun searching for Malaysia Airlines Flight MH370, Malaysia said on Tuesday, as it tries to solve one of the world's greatest aviation mysteries. Flight MH370 disappeared en route from Kuala Lumpur to Beijing in March 2014 with 239 people, mostly Chinese, on board. Investigators believe someone may have deliberately switched off MH370's transponder before diverting it over the Indian Ocean. Debris has been collected from Indian Ocean islands and Africa's east coast and at least three pieces have been confirmed as coming from the missing plane.

Annet Koster New Director of KVNR

Annet Koster. Photo: KVNR

Association of Dutch Shipowners (KVNR) has appointed Annet Koster as its new director from 1 March 2018. Annet Koster will join the shipowners' association ass the face of the KVNR, will make a strong case for Dutch shipping, said  the board chairmen Sibrand Hassing and Karin Orsel on 17 January during the New Year's reception of the association. "I especially want to get started to make Dutch shipping more broadly visible and to introduce people to this dynamic and traditional Dutch sector," says the brand new director.

Azerbaijan Caspian Shipping to Prevent Environmental Pollution

Photo: Azerbaijan Caspian Shipping Company

Environmental protection is one of the main criteria of sustainable development, says Azerbaijan Caspian Shipping Company (ACSC). ACSC keeps in the center of constant attention the minimization of environmental impacts of sludges, waste oil, fuel, other liquid and solid wastes obtained during the operation of vessels and the functioning of onshore facilities, on water basins, ground and air. Preventive measures within the framework of existing opportunities are taken against the damage of the environment in the course of operations.

Capesize Rates Post Biggest Weekly Drop in 2 Years

File photo: © HHM / Dietmar Hasenpusch

The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, shed 14 points, or 1.23 percent, to 1,125 points, the lowest since Aug. 10, 2017. For the week, the index ended 12 percent lower. The capesize index fell 118 points, or 7.32 percent, to 1,493 points, its lowest since Aug.

Algeria Inks Deal with Vitol to Cut Fuel Imports

© Morad Hegui / Adobe Stock

Algeria's state energy company Sonatrach said it has signed a deal with oil trader Vitol to send crude abroad for refining as the country seeks to reduce a record fuel import bill. CEO Abdelmoumen Ould Kaddour said Sonatrach would pay processing costs before bringing refined fuel back to Algeria, and said it was also negotiating to buy shares in a foreign refinery, but did not give details. "Our goal is to reduce our imports of gasoline, they are too high," Ould Kaddour told reporters on Tuesday. The deal is due to take effect in early February, according to a document seen by Reuters.

Baltic Index Drops to 5-month Low on Sinking Capesize Rates

© Aleksey Stemmer / Adobe STock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell nearly 5 percent on Wednesday to its lowest in over five months due to tumbling capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, slid 57 points, or 4.7 percent, to close at 1,164 points, the lowest since Aug. 14. The capesize index fell 267 points, or 13.28 percent to 1,743 points, its lowest level since Aug. 9 last year.

Ex-US Navy Officers Face Negligent Homicide Charges over Ship Collisions

Significant visible damage to USS John S. McCain (DDG 56) following a collision with the merchant vessel Alnic MC while underway east of the Straits of Malacca and Singapore on Aug. 21. (U.S. Navy photo by Madailein Abbott)

The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday. Filing charges against the officers marks the Navy’s latest effort to address the problems that led to collisions involving its warships in Asia, in which 17 sailors were killed. The Navy has already dismissed several senior officers, including the commander of the Seventh Fleet, as a result of the collisions.

UK Releases 3Q Short Sea Travel Stats

The Department for Transport has published National Statistics on sea passengers traveling on short-sea routes, for the third quarter of 2004. UK, one percent lower than the corresponding quarter last year. Arrivals and departures to the UK each totaled 4.7 million. corresponding quarter last year. sea passenger traffic (1% higher than the same quarter last year). lower than the same quarter last year. same quarter last year).

Chinese Dry Bulk Import Up 20% in February

Chinese seaborne dry bulk import totaled 124Mt in February, up a massive 20% compared to the same month last year when adjusted for the extra day in February last year, says Klaveness  dry bulk research report. YTD import is up 17% compared to the same period last year. The import of the top 4 commodities (Iron Ore, Thermal & Coking coal and Soybeans) increased  with 19% YoY (+13.3Mt). YTD imports are up 19% compared to the same period last year. Excluding those 4 commodities from the figures, imports in February were up 27% YoY (+5.1Mt). YTD imports of these commodities are up 13% from the same period last year. Klaveness Research said that in nominal terms the largest growth YTD is in iron ore (+18Mt), followed by Thermal coal (+9.5Mt), soybeans (+2.9Mt) and Coking coal (+1.9Mt).

Mundra Port handles highest cargo volumes in India

Adani logo

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31,2014. Consolidated total income for the year FY14 increased by 43% to Rs 5,508 crore compared to Rs 3,841 crore in the last year. The consolidated EBIDTA increased by 36% to Rs 3,604 crore compared to Rs 2,640 crore in the last year. The consolidated PAT without considering Abbot Point, which had been divested last year,  for the current year increased by 13% to Rs 1,740 crore as compared to Rs1,538 crore in the last year.

All-Women Crew Circumnavigating the Globe

Photo: Indian Navy

Indian vessel INSV Tarini entered Port Stanley, (Falkland islands on January 22, 2018 during it’s maiden voyage to circumnavigate the globe. This is the first-ever Indian circumnavigation of the globe by an all-women crew. The vessel is skippered by Lieutenant Commander Vartika Joshi, and the crew comprises Lieutenant Commanders Pratibha Jamwal, P Swathi, and Lieutenants S Vijaya Devi, B Aishwarya and Payal Gupta. Nirmala Sitharaman, Defence Minister had flagged-off INSV Tarini from Goa on 10 September 2017.

Estonian Port Passenger Number Up in June, Cargo Volume Down

Image: Estonian Ports Association

The ports of the Estonian state-owned port operator Tallinna Sadam (Port of Tallinn) handled in June 1.68 million tonnes of cargo and serviced 1,045,461 passengers. Compared to the same period last year, the cargo volume dropped by 25% while the number of passengers was by 1.3% higher than last year. In six months, the ports handled 4.4 million passengers which is 0.6 percent below last year’s level. The most popular route was Tallinn-Helsinki with 0.82 million passengers, followed by Tallinn-Stockholm line with 90,369 thousand people and Tallinn-St Petersburh line with 11,773 people.

APSEZ Ports Cargo Handled Up 28%

Adani Ports and Special Economic Zone Ltd (APSEZ) is part of Adani Group – a $9.4 billion conglomerate with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power gen

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31, 2015. Consolidated cargo across all ports handled by the company was 144 MMT in FY15, an increase of 28%, over corresponding period last year. Adani ports at Mundra handled 111 MMT cargo in FY15 thereby continuing its leadership as the largest commercial port business in India. The Mundra port registered a 10% growth in FY15 compared to 5% aggregate cargo growth at all major ports.

Hapag-Lloyd Reports Second Quarter Profits

Hapag-Lloyd returned to profitability in the second quarter of the current financial year, reporting a Group profit of €20.9 million for the months April to June 2013 (Q2 2012: -€7.3 million). The operating result of €66.7 million was more than twice as high as last year’s figure of €30.8 million. EBITDA also improved significantly by 45% to €147.8 million. Although intense competition led to unsatisfactory rate levels, substantial cost cuts and a slight drop in the bunker consumption price were the main factors behind the positive net result. Bunker costs in the second quarter averaged $622/tonne, which was below last year’s figure ($694/tonne). However, the bunker price is currently still more than three times the level seen at the start of 2009, when it was approximately $200/tonne.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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