Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh) where they were cut apart and the metal was sold for scrap. The working conditions were sometimes dangerous and hazardous to the workers’ health. In addition, little was sometimes done to protect the environment. For many ship owners these days…
Financiers Turning the Tide on Shipbreaking Practices
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach. Three of the firms excluded by Norway's fund - Taiwan's Evergreen Marine, Precious Shipping and Thoresen Thai Agencies (TTA) of Thailand - say they have been unfairly singled out.
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices…
Hapag-Lloyd Christens “Al Jmeliyah” in Rotterdam
Hapag-Lloyd's 15,000 TEU ship "Al Jmeliyah" was officially christened in Rotterdam. Naming patron is Inge Sijbesma, the wife of Feike Sijbesma, CEO of the corporation DSM – one of Hapag-Lloyd’s biggest customers in the Netherlands.The name “Al Jmeliyah” is Arabic for “the beautiful one.” With its ten sister vessels, the “Al Jmeliyah” numbers among the so-called “Ultra Large Container Vessels” in Hapag-Lloyd’s fleet.However, this was not the first time that Hapag-Lloyd has christened a ship in Rotterdam. The most recent one was the christening of the “Rotterdam Express” in 2000.
First of Six New LNG Carriers Delivered to BP
BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, says the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.
Aqualis Offshore, Skuld Maritime Agency Under Investigation in Scrapping Case
Aqualis Offshore and Norwegian Insurer Skuld Maritime Agency are under investigation for their involvement in the attempt to illegally export the Harrier to Pakistan for scrapping.NGO Shipbreaking Platform, quoting DN said that Aqualis Offshore issued two certificates for the ship – one for a break-up voyage to Pakistan, another for a voyage to Oman – and it is suspected that the latter was issued to dupe Norwegian authorities in order to circumvent the European waste export ban.Skuld…
169 Ships Sold to South Asian Beaches for Breaking
Of the 220 ships broken in the second quarter of 2018, 169 were sold to be scrapped on the beaches of South Asia, says NGO Shipbreaking Platform.In the second quarter of 2018, American ship owners sold the most ships to the South Asian yards with 26 vessels beached, followed by Greek and UAE owners. In the end of April, Pakistan reopened the market to the import of tankers.In two months alone, 22 tankers reached the shores of Gadani to be scrapped as devaluing freight rates have…
Maersk Line Rolls out Exclusive Transatlantic Service
Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly service will be a five-vessel rotation stopping in Salerno and La Spezia (Italy), Fos-sur-Mer (France), Algeciras (Spain), Montreal and Halifax (Canada), and Valencia (Spain). Other Mediterranean…
Oil Tanker Scrapping to Hit Multi-year High
The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite."The tanker markets are definitely in a trough at the moment…
LNG Trade Grew 10% in 2017 -EIA
Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…
Germany and Greece: Worst Vessel Dumpers
As in 2016, Germany and Greece top the list of country dumpers in 2017, according to new data released today by the NGO Shipbreaking Platform. German owners, including banks and ship funds, beached 50 vessels out of a total of 53 sold for demolition. Greek owners were responsible for the highest absolute number of ships sold to South Asian shipbreaking yards in 2017: 51 ships in total. Since the Platform’s first compilation of data in 2009, Greek shipping companies have unceasingly topped the list of owners that opt for dirty and dangerous shipbreaking.
LNG Heats Up Again as Market Changes: Russell
If you were looking for signs that the liquefied natural gas (LNG) merry-go-round is starting to spin a little faster, the announcement of a planned massive expansion in Papua New Guinea is ample evidence. Global majors Exxon Mobil and Total are considering plans to double LNG exports from Papua New Guinea to about 16 million tonnes per annum, their partner Oil Search said on Feb. 20. If approved, three new trains would be added to the existing Exxon-operated PNG LNG facility…
Yang Ming Marine Offers Korea-Vietnam-Thailand Service
Taiwan-based ocean shipping company Yang Ming Marine Transport Corporation announcesdthat it will provide Korea-Vietnam/Thailand service (KVX) as of March 7th, 2018. The calling port rotation of KVX service is: Incheon–Ulsan–Busan–Shekou–Ho Chi Minh–Laem Chabang–Bangkok–Laem Chabang–Ho Chi Minh–Incheon. With the new KVX service and the existing CT2 service, YM will provide customers with more convenient and reliable services between Korea, Vietnam and Thailand. Two months ago…
USN Adds F-35 Carrier to Arsenal
A detachment of F-35B Lightning II's with Fighter Attack Squadron 121 (VMFA-121) arrived aboard the amphibious assault ship USS Wasp (LHD 1) March 5, marking the first time the aircraft has deployed aboard a U.S. Navy ship and with a Marine Expeditionary Unit in the Indo-Pacific. The F-35B, assigned under the Okinawa-based 31st Marine Expeditionary Unit, will provide a robust set of sea-based capabilities that will enhance Navy-Marine Corps expeditionary operations. The aircraft is equally capable of conducting precision strikes inland…
CMA CGM Upgrades Indian Sub-continent and Europe Services
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC, MSC, COSCO and ONE. With 2 weekly and complementary services, this new offer will provide expanded port coverage and will also reduce transit times and improve schedule reliability of existing services. With this unique offer, CMA CGM pursues its ambition to strengthen its service to the Indian Sub-Continent market.
Tokyo MOU: Concentrated Inspection Campaign On Safety Of Navigation
The concentrated inspection campaign (CIC) on safety of navigation was carried out in the Tokyo MoU region from 1 September 2017 to 30 November 2017. Within the campaign, Tokyo MOU member Authorities verified vital points of compliance in accordance with SOLAS Ch. V on all types of foreign merchant ships. During the CIC, member Authorities inspected a total of 6,720 vessels, of which 36 (0.54%) were detained as a direct result of the campaign. In total 157 (2.34%) ships were detained during the campaign.
Seatrade Convicted for Scrapping Ships on Indian Beach
The Dutch shipping company Seatrade and two of its directors were found guilty by a Dutch court on Thursday of illegally sailing ships to India to have them demolished, the first criminal case of its kind in the Netherlands. The company and the directors were fined up to 750,000 euros ($925,275). The directors were also banned from executive roles at any shipping company for a year. They did escape the prison sentences prosecutors had asked for. The court said Seatrade had violated European Union rules by sending four ships to India for demolition in 2012.
Two New Patrol Boats for Pakistan Customs
Pakistan Customs has taken delivery of two Damen Stan Patrol 1605 FRP patrol boats. The handover ceremony took place on March 10 at Karachi Shipyard & Engineering Works Ltd (KS&EW). The celebrationwas attended by distinguished guests including Dr Miftah Ismail, advisor to the Prime Minister on Finance, Revenue & Economic Affairs, Mr. Iftikhar Ahmed, Collector Pakistan Customs, Rear Admiral Syed Hasan Nasir Shah, Managing Director of KS&EWand Mrs. ArdiStoios-Braken, the Ambassador of the Kingdom of the Netherlands to the Islamic Republic of Pakistan.
Milaha Eyes Global Expansion
Qatar Navigation (Milaha) is planning to expand operations and capabilities in Qatar and overseas as part of its long term plan to improve efficiency and profitability. During the General Assembly meeting, Sheikh Ali bin Jassim bin Mohammad Al Thani, Chairman of Milaha’s Board of Directors presented an overview of the company’s activities and financial results for 2017 along with highlights of business plans for the year 2018. "The Chairman underlined the impact of industry-wide and geopolitical challenges on the company’s financial performance…
Containerships Collide at Port of Karachi
Authorities are working to retrieve more than 20 containers that fell into the water at Pakistan's southern port of Karachi on Monday following a collision between two containerships. Video footage posted on social media shows the Hapag-Lloyd containership MV Tolten side-swipe the moored containership MV Hamburg Bay while moving into its berth at South Asia Pakistan Terminal. Maritime security vessels were arriving on scene to assess damage and respond to the casualty, according to local reports.
206 Ships Broken in 1Q: NGO Shipbreaking Platform
Of the 206 ships broken in the first quarter of 2018, 152 were sold to the beaches of South Asia, according to the NGO Shipbreaking Platform.Ship owners continue to sell their ships to the beaching yards despite documented hazardous and even deadly conditions as the prices offered for ships this first quarter have been high in South Asia, especially when compared to the figures of last year. While a South Asian beaching yard can pay about $450/LDT, Turkish and Chinese yards are respectively currently paying $280/LDT and $210/LDT.
Milaha Rolls Out Qatar-Iraq Direct Container Feeder Service
Qatar-based maritime transport and logistics conglomerate Milaha has announced the launch of a direct container feeder service between Qatar and Iraq. The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year, will follow a Hamad Port-Umm Qasr (Iraq)-Shuwaikh (Kuwait)-Hamad Port rotation, and will be initially served by one vessel with a 1,015 TEU capacity and 110 reefer plugs. The service will have a transit time of 2 days…
South Asian Shipbreaking Workers Assert Rights
In Chittagong, Bangladesh, on the International Labour Day of 1 May, the Platform member organisation YPSA brought together shipbreaking workers for a demonstration to claim their right for a healthy and safe workplace. OSHE, another Platform member, and YPSA also organised demonstrations on the World Day for Health at Work, on 28 April. Concerns related to especially the vulnerability of young workers in hazardous occupations such as shipbreaking were raised, and the call for safe working conditions was joined by prominent trade union representatives.