Sweden's Ship Registry Cannot Compete
The Swedish Register of Shipping is not competitive, and it will probably never be, according to a new report. The report from the governmental Trafikanalys recommends that there should be less focus on rebuilding a fleet under the Swedish flag in future, according to Maritime Denmark and Sjöfartstidningen. A number of Swedish ships are flagged out to Denmark, while the Faroe Islands has attracted many former Swedish vessels. The Faroe Islands offers tax terms that go far beyond what would be possible in an EU country the report adds. Source: Maritime Denmark/Sjöfartstidningen
Arctic Holds Over 113 Bboe, Report Says
Infield Systems has published a new report on prospects for the offshore Arctic oil and gas sector through 2017. Infield has identified over 130 Bboe in discovered oil, gas, and condensate reserves throughout the offshore Arctic/sub-arctic regions. Around 114 Bboe, or 86% of the total, are gas reserves, with around 16 Bbbl of oil, according to the report. (Source: Offshore Magazine)
Canada Proposes New Rules for Dangerous Cargo
Canada’s Minister of Transport Lisa Raitt proposed new amendments to the Transportation of Dangerous Goods Regulations that would enhance reporting requirements and expand data collection. The proposed amendments would apply to the transportation of dangerous goods in all transportation sectors. The proposed amendments would broaden the scope of the original reporting requirements and help improve emergency response and risk analysis through stronger, more comprehensive data collection. This additional information would allow Transport Canada to establish more effective regulations in the future. New reporting requirements would also be put in place for dangerous goods incidents involving road vehicles…
Jeppesen Update VVOS & FleetManager Software
Jeppesen has launched updated versions of its Voyage and Vessel Optimization Solution (VVOS) and FleetManager software. The functionalities added to Jeppesen’s VVOS Version 2.3 and Jeppesen FleetManager Version 1.4 are a direct result, say the company, of listening closely to and working hand-in-hand with its customers. Jeppesen has enhanced its VVOS Version 2.3 voyage optimization product by incorporating Emission Control Area (ECA) boundaries, and adding restricted RPM zones.
Maritime Security Experts Weigh in on West Africa
Maritime operations in West Africa are affected by threats from piracy and other maritime crime. It is very complex to get an overview of the different types of maritime security provisions that are legal in the countries throughout the region. Risk Intelligence now provides this insight with a new service, including reports with an overview of the use of private and government security in 18 countries in the region. Risk Intelligence CEO, Hans Tino Hansen, said, “We have provided security analysis for West Africa for more than 10 years. It has always been a complex area with many different types of threats and many different types of security risk mitigation and legal frameworks.
Scotland’s Offshore Industry Issued Warning
Scotland’s offshore oil industry was issued a government health warning by the Health and Safety Executive. The HSE published a new report which says more must be done to improve safety on oil and gas installations. The warning comes after a major three year investigation by the HSE’s Aberdeen-based Offshore Division into the safety and integrity of almost 100 offshore installations and their equipment. Amongst its many findings, the document reveals: There was wide variation in performance across the sector, but worryingly, there were wide variations within some companies. Source: Scotland Marine News
Enforcement of Maritime Passenger Rights Regulation
The maritime passenger rights regulation entered into force on 12 December 2012. It made it possible for passengers to complain to the authorities about, for example, cancellations and delays. Until now, this has resulted in only a few complaints. A new report shows that the authorities have received few complaints from passengers about, for example, cancellations and delays since the maritime passenger rights regulation became effective on 12 December 2012. Until now, the Danish Maritime Authority has received three complaints, only one of which gave rise to consideration.
IMO Updates ISPS Figures
The IMO released ISPS Code implementation figures as of June 16, 2004. To date, 39 governments have provided responses indicating 21,347 ships from those nations are subject to the ISPS Code; 16,570 ship security plans have been submitted to these governments; and 6,127 International Ship Security Certificates (ISSCs) have been issued. Of the 6,117 port facilities identified by these governments, 1,970 have submitted security plans and 663 have been approved. This data indicates that at least 22% of the ships and 67% of the port facilities of these 39 countries have little hope of timely compliance since they have not even submitted security plans for review. The News Release does not identify the 39 governments providing responses. This report updates an IMO News Release of June 11.
Potential US East and Gulf Coasts Port Labor Strike: New Report
A US East & Gulf Coasts port labor strike could further destabilize international trade says a new report. A potential labor strike by longshoremen along the US East and Gulf Coasts at the end of the year could have devastating economic consequences as inventory depletion, rerouting, hoarding, and price speculation ripple through supply chains of global companies, Marsh warns in a new report. The longshoremen’s labor contract with port operators along the East and Gulf Coasts is set to expire December 29, 2012. If a compromise cannot be reached, ports from Maine to Texas could see work stoppages—similar to what was experienced the past eight days with the clerical workers’ strike at ports in Los Angeles and Long Beach, California.
New Report Reveals World Fish Stocks Crisis
Head of international ocean conservation organization, Oceana, responds to alarming new report on the status of the world's fisheries. Andrew F. Sharpless, CEO of Oceana, issues the following statement about a new report: Status and Solutions for the World's Unassessed Fisheries. "This study finally lays to rest the question of whether or not the world's fisheries are in crisis – they are. As the authors report, more than half of the world's fisheries are in decline. And as they point out, worst hit are small scale fisheries which are critical for feeding hungry people all around the world. We believe that this report provides a clear call to action. We need to quickly put in place responsible management measures in the countries that control most of the world's wild seafood.
Demand for Ships in China to reach 31m DWT
According a new report on China’s shipbuilding industry from Research and Markets, from 2006 to 2010, the total demand for ships in China will reach 31 million dead weight tons (DWT), and the annual demand will be 6.2 million DWT on average. The report, dubbed China Shipbuilding Industry Report, 2005–2006, notes that China’s ship completions rank third over the past 10 consecutive years, and the shipbuilding capacity has increased from 3.462 million DWT in 2002 to 12 million DWT in 2005. The boom of China’s shipbuilding industry is closely linked with the development of marine industry, says the report. Although the global marine market declined in 2005, new opportunities emerged.
Fossil Fuels Still Attractive Despite Financial Crisis
New York - Demand for oil and natural gas continues to grow, despite the current economic downturn, indicating a positive future outlook for oilfield services, according to a new report by business intelligence expert GBI Research. The new report shows that, for the most part, the global oilfield services industry has grown exponentially over recent years, witnessing a rapid increase in revenue and advancement in technologies. Increased exploration and production activities have seen the discovery of reserves in new regions, necessitating an expansion in oilfield services. A significant rise in unconventional plays within the North American region has necessitated an increase in the demand for pressure pumping services…
Wreck Removal Costs More Nowadays
Insurers, Lloyd's of London, say in a new report that the cost of dealing with shipwrecks is rising as ships grow in size. The report, 'The challenges and implications of removing shipwrecks in the 21st century', warns that the cost of dealing with shipwrecks is spiralling and the increase in removal cost is often passed to insurers, reinsurers and ship owners. Recent examples of expensive wreck removals include the container ship Rena which sank off New Zealand in 2011. So far, that removal has cost USD240m while the highly complex work to take away the ill-fated cruise ship Costa Concordia is still underway. Lloyd's says that the total cost of the top 20 most expensive wreck removals in the past decade is USD2.1bn and rising.
Somali Counter-piracy Offensive Paying Off
Piracy off the Somali Coast falls to lowest levels in years as result of tough measures on land & at sea. As Kenyan Defense Forces continue to weaken Al-Shabaab on the ground in Somalia, new reports indicates Somali pirates off the coast have similarly been weakened this year. According to the International Maritime Bureau’s Piracy Reporting Center, “The number of ships signaling attacks by Somali pirates has fallen this year  to its lowest since 2009.” For example, only one ship has reported an attempted attack by Somali pirates from July 2012 to September 2012, compared with 36 incidents in the same three month period last year. Kenya has taken drastic action to combat piracy in the past decade.
Shipbuilding & Repair in Asia: New Market Report
Research and Markets has added "Ship Building & Repair (Asia)" report to their offering. The new report includes an analysis of the top 1000 companies in the field, including Daewoo Shipbuilding & Marine Engineering, Daehan Shipbuilding, Ihi Marine United. This report provides a detailed overview of the Ship Building & Repair (Asia) market and delivers a comprehensive individual analysis on the top 1000 companies. It includes a wealth of information on the financial trends over the past four years. A quick glance at this Ship Building & Repair (Asia) report will show that 342 companies have a declining financial rating, while 369 have shown good sales growth. For more information: http://www.researchandmarkets.com/research/ghswwn/ship_building_and
GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'
As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.S. Maritime Trade -- are gaining steam. A new report from the Government Accounting Office (GAO) will surely add fuel to the "export oil" fire now, as GAO reports that U.S. consumers could save on gasoline if the ban on crude oil exports were lifted, even if such a move creates uncertain environmental risks. Allowing more domestic fuel to reach the global energy market would probably boost the national economy and ease the U.S. trade deficit, but other implications are less clear, the GAO said.
Australia's New Shipping Laws Threaten Loss of Jobs
The planned changes to Australia’s shipping laws would cause a 93% loss of Australian seafaring jobs a new report says. More than nine in 10 domestic seafarers will lose their jobs if the Abbott government's plan to relax shipping regulations passes Parliament, report written by the Australia Institute suggests. Less than 100 seafarers would remain in employment out of a current workforce of 1177, according to a report written by the Australia Institute, based on government documents supporting its Shipping Legislation Amendment Bill.
U.S. DOT Report Expects Oceanborne Trade Growth
Global oceanborne commerce is expected to continue to grow three to four percent annually over the next several years, according to a new report released by three agencies of the U.S. Department of Transportation. U.S. international waterborne trade, which accounts for about 20 percent of the global total, is also expected to grow at a similar rate. The report, Maritime Trade and Transportation, 1999, is a result of an ongoing cooperative effort by the Bureau of Transportation Statistics, MarAd and the USCG. The report reflectes major trends affecting the industry in the 1990s and devotes considerable attention to the safety and environmental goals of the department, as well as to the critical role of the maritime industry in meeting U.S. national security requirements.
Jeppesen Updates VVOS Software
Jeppesen has launched updated versions of its Voyage and Vessel Optimization Solution (VVOS) and FleetManager software. VVOS Version 2.3 voyage optimization product is enhanced by incorporating Emission Control Area (ECA) boundaries and adding restricted RPM zones. FleetManager Version 1.4, a shoreside fleet management product, also features improved performance analysis and reporting tools. Jeppesen FleetManager 1.4 has been enhanced to meet the needs of today’s shipping customers, with new reporting features customized to the needs of vessels and shore side offices.
Scale of BC's LNG Terminal Plans Questioned
The British Columbia government has staked its future on natural gas exports, banking on a revenue windfall of at least $100-billion. Yet growing market pessimism and a sudden broadside from large gas consumers is casting fresh doubt on the planned scale of the emerging liquefied natural gas industry, reports the 'Financial Post'. The Pacific Northwest LNG project, located on Lelu Island in the Port Edward district, will liquefy and export natural gas produced in northeastern British Columbia by Progress Energy Canada.
Jeppesen Updates VVOS Software
Jeppesen has launched updated versions of its Voyage and Vessel Optimization Solution (VVOS) and FleetManager software, providing shipping industry customers with the tools and technologies to thrive in a business environment as changing as the sea. The functionalities added to Jeppesen’s VVOS Version 2.3 and Jeppesen FleetManager Version 1.4 are a direct result of listening closely to and working hand-in-hand with its customers. Based on this important user input, Jeppesen has enhanced its VVOS Version 2.3 voyage optimization product by incorporating Emission Control Area (ECA) boundaries…
Report: Growth Anticipated in the OSV Market
The global offshore support vessel market is expected to grow owing to the need to satisfy rising marine logistics demand. The lucrative and high-investment areas of offshore regions such as North Sea, U.S Gulf of Mexico and new discoveries in West Africa are the key driving factors for the high growth of offshore support vessel market. The offshore support vessels or OSVs are vessels used in the marine industry. The designs of the OSV are unique, and each type has its own properties and features, as per the type of operation. OSVs are efficient and vital components of the oil & gas industry.
Methanol a Viable Marine Fuel -Report
Methanol has a "historic opportunity" as a marine fuel, according to a new report published today by research group FCBI Energy. Despite having many attributes that make methanol an attractive, low-emissions marine fuel, it has sometimes been overlooked in policy and industry discussions, according to FCBI Energy, whose report Methanol as a Marine Fuel finds the chemical to be a well-understood and safe to handle as a viable alternative to changing to low sulfur diesel, installing scrubbers or converting to LNG.