Shipping News

26 Jan 2021

Over 300 Companies Sign 'Neptune Declaration' to Ease Crew Change Crisis

© Alexey Seafarer / Adobe Stock

Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea.About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply chains.In December the U.N. General Assembly urged all countries to designate seafarers and other maritime personnel as key workers. Nevertheless…

26 Jan 2021

Managing Risk: Shipowners Not Meeting Emission Regs Face a Big Business Risk

“Shipowners can use the digital tools available to take actions to reduce emissions. The add-on, of course, is you will have more profit and will be more attractive in the market for charterers and other types of customers," said Arild Risholm Saether, NAVTOR’s head of business development.

There is  increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and investors.“This represents a whole new ball game for the industry. Optimization of ship operations has traditionally been dictated by the efficiency of delivery around the globe that has typically meant being able to sail at full speed, thereby burning more fuel, to minimize costs for the charterer.

26 Jan 2021

BIMCO: Tanker Market Hangover Continues

© unikyluckk/AdobeStock

Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in December only managed to lift earnings slightly, raising the question, what will it take for tankers to return to profitability?In the immediate aftermath of the pandemic being declared, tanker shipping appeared immune, but it too has suffered from lockdowns and travel restrictions.

26 Jan 2021

Kawasaki Heavy Industries Aims to Replicate LNG Supply Chain with Hydrogen

Credit:  peterschreiber.media/AdobeStock

Japan's Kawasaki Heavy Industries is aiming to replicate its success as a major liquefied natural gas (LNG) tanker producer with hydrogen, a key element that may help decarbonize industries and aid the global energy transition.A A$500 million ($385 million) pilot project, led by Kawasaki and backed by the Japanese and Australian governments, plans to ship its first cargo of liquefied hydrogen from Australia to Japan this spring, which the firm hopes will mark the dawn of a new…

26 Jan 2021

US Maritime Industry Praises Biden's 'Buy American' Order

President Joe Biden signs the Strengthening "Buy American" Provisions, Ensuring Future of America is Made in America by All of America’s Workers executive order (Photo: The White House)

President Joe Biden on Monday signed an executive order aiming to use government spending to strengthen domestic manufacturing and create markets for new technologies, in a move widely praised by America's maritime industry.The executive order, titled Strengthening "Buy American" Provisions, Ensuring Future of America is Made in America by All of America’s Workers", calls for increasing the amount of U.S. content that must be in a product for it to be considered made in America under existing "Buy American" requirements.

25 Jan 2021

Why Are Pirates Attacking Ships in the Gulf of Guinea?

© Venera / Adobe Stock

Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15 sailors from a Turkish container ship and killed one.Pirates in the Gulf of Guinea kidnapped 130 seafarers in 22 separate incidents last year, accounting for all but five of those seized at sea worldwide.Who are the pirates and why are the attacking?The pirates come from Nigeria’s turbulent Niger Delta, experts say. The region produces the bulk of the nation’s petroleum…

26 Jan 2021

Boomsma Cargo Ship Equipped With Wind Propulsion Units

(Photo: Boomsma Shipping)

Boomsma Shipping announced its general cargo vessel Frisian Sea has been fitted with wind-assisted propulsion units to help reduce the ship's fuel usage and emissions as the shipping industry continues work to reduce its environmental footprint. “We believe it is necessary and very important to meet sustainability challenges to reduce our environmental footprint. Together with the IMO decarbonization goals for 2050 we want to do our part to reduce our fuel consumption and CO2 emissions as soon as possible…

25 Jan 2021

Interview: Joe Hudspeth, BAE Systems

Joe Hudspeth (Photo: BAE Systems)

Joe Hudspeth is the Director of Business Development for Global Marine at BAE Systems in Endicott, N.Y. BAE Systems offers complete, efficient propulsion and auxiliary power systems utilizing electric technology. Hudspeth has been involved with maritime sales, marketing and product development since 2000. He currently serves as a regional co-chairman for the Passenger Vessel Association, is a judge for the Worldwide Ferry Safety Association student design competition, and frequently speaks and writes on maritime and ferry related issues. Hudspeth lives in Bellingham, Wash.

25 Jan 2021

Iran Asks Indonesia to Explain Tanker Seizures

© Mick Prendergast / MarineTraffic.com

Iran has asked Indonesia to provide details about the seizure of an Iranian-flagged vessel, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, a day after Jakarta said it had seized Iran and Panama-flagged tankers in its waters.Indonesia said on Sunday its coast guard had seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country’s waters.Khatibzadeh said that the seizure was over a “a technical…

25 Jan 2021

ABS Grants AIP for CMI's Deepsea Mining System

Matt Tremblay, SVP, Global Offshore, ABS

In what has been described as an industry first, maritime and offshore classification society American Bureau of Shipping (ABS) has awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its deep-sea mining system design.The AIP follows the publication of the ABS Guide for Subsea Mining in October 2020 and is the first to be issued that conforms to the new Guide, ABS said.CMI’s design focuses on retrieving cobalt-rich ferromanganese crust deposits attached to seamounts.

25 Jan 2021

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Iranian-flagged MT Horse (formerly known as Honar) - Credit: Mick Prendergast

Indonesia said its coast guard seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country's waters on Sunday.Coast guard spokesman Wisnu Pramandita said the tankers, seized in waters off Kalimantan province, will be escorted to Batam island in Riau Island Province for further investigation."The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags…

23 Jan 2021

Inmarsat Milestones: 10k Ships with Fleet Express Installed, 'Fleet Data Academy' Launched

Image courtesy Inmarsat

Ship data consumption is booming, and as digitalization and data trends increasingly drive the maritime world, Inmarsat celebrated a pair of milestones, hitting the 10,000 vessel mark on Fleet Xpress installations and launching its "Fleet Data Academy."Traffic DoublesAccording to Inmarsat, the growth in Fleet Xpress now includes the world’s leading container ship and tanker owners, such as MOL, K-Line and Hapag-Lloyd, offshore support giants like Bourbon, Tidewater and Maersk Supply, as well as growing numbers of yachts, passenger ships and fishing boats.

22 Jan 2021

DNV GL Awards AIP to KSOE for Wing Sail Propulsion

Rendering of the VLCC with the wings sails in place (Image: KSOE)

Classification society DNV GL said it has granted Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a new wing-sail auxiliary propulsion system for ships designed to help reduce shipping emissions and fuel burn.The wind-powered auxiliary propulsion system, designed for installation aboard many vessel types, is the result of a joint research project from KSOE, the shipbuilding holding company of Hyundai Heavy Industries Group, and SK Shipping…

22 Jan 2021

After Brexit, Ireland and France cut Out the Middleman: Britain

© Andy Chisholm / Adobe Stock

From his office overlooking Cherbourg docks, general manager Yannick Millet points to trailers destined for Ireland that belong to Amazon and FedEx, new customers and a signal of a potential big shift in post-Brexit trade.Confronted by red tape and delays after Britain’s messy exit from the European Union, Irish traders are shipping goods directly to and from European ports, shunning the once-speedier route through Britain.“You see the shift in supply chains right here,” he said.All five operators connecting Ireland to mainland Europe have increased ferry services in the past nine months…

21 Jan 2021

New Tug Built for Port of Shanghai

(Photo: Robert Allan Ltd.)

China's Sanlin Shipyard has built and delivered a new harbor tug for the Port of Shanghai.The Robert Allan Ltd.-designed workboat Hai Gang 501 will be used by Shanghai Harbor Fuxing Shipping Service Company for berthing and unberthing in harbor as well as coastal towing services and firefighting duties in China’s busiest port.The 498 gt  tug is 32 meters long with a 12-meter molded beam and 5.29-meter maximum draft. Main propulsion for the 3,680 kW tug comprises a pair of Niigata 6L28HX main engines…

21 Jan 2021

Stolt Tankers Develops Unique Shallow-draft Tanker for BASF

(Image: Technolog)

Stolt Tankers said it has been commissioned by chemicals company BASF to help design and build a unique new tanker capable of operating when extremely low water levels hamper river shipping on the Rhine.The Rhine, which starts in Switzerland and flows through Germany and the Netherlands before emptying into the North Sea, is a key waterway for transportation in Europe. During dry weather, barges are often unable to fully load, increasing transport costs and delaying products.Stolt…

20 Jan 2021

Fertilizer Makers Eye Alternative Ship Fuels for Green Growth

© Pawinee / Adobe Stock

Two of the world's biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships.The consumption of oil for transportation is one of the top contributors to global greenhouse gas emissions that cause climate change, and fertilizer producers join a growing list of companies adjusting their business models…

20 Jan 2021

Fruergaard to Take Over as CEO of Pacific Basin

(Photo: Pacific Basin Shipping)

Hong Kong-headquartered dry bulk shipping company Pacific Basin announced Wednesday that Martin Fruergaard will take over as CEO, replacing longtime chief executive Mats Berglund, who has decided to retie. Fruergaard, the current CEO of Danish gas shipping company Ultragas, will relocate to Hong Kong and join Pacific Basin in early July. He brings to the role significant maritime leadership experience, having previously occupied senior positions in Maersk Bulk Carriers, Maersk Tankers and Maersk Drilling.Berglund was CEO of Pacific Basin for nine years…

20 Jan 2021

Capesize Market Starts Strong in 2021 -BIMCO

© Wout van Mullem / MarineTraffic.com

BIMCO says the year 2021 has started strongly for the capesize market with 1,427 journeys completed or underway in the first 20 days of the year, a 10.4% increase compared to the same period last year, according to figures from VesselsValue. This counter-seasonal upswing stands in contrast to the development for all other dry bulk ships which have seen a 2.8% decline in activity in the same period, BIMCO says.BIMCO says it expects that the number of capesize journeys completed or still underway when January comes to an end…

20 Jan 2021

Higher Rates Lift Baltic Index to One-week Peak

© Maksym Dragunov / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday as vessel rates improved across all segments.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 62 points, or 3.5%, at 1,828, a one-week high.The capesize index climbed 170 points, or 5.8%, at 3,082.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,409 at $25,557.Chinese iron ore futures gained on Wednesday o

19 Jan 2021

US Blacklists Tankers, Oil Traders Undermining Venezuela Sanctions

© Yevgeniy B. / MarineTraffic.com

The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation.The measure targets a network that the U.S. Treasury Department says helped the administration of President Nicolas Maduro, whose 2018 re-election Washington called a sham, broker the sale of hundreds of millions of dollars in Venezuelan oil."Those…

19 Jan 2021

BV Uses ROV to Complete First Underwater Ship Survey

(Photo: Bureau Veritas)

Testing, inspection and certification body Bureau Veritas (BV) said it has completed the proof of concept project for underwater remote surveys using the Seasam remotely operated underwater vehicle (ROV technology eco-system from Notilo Plus on a Corsica Linea car ferry Mediterranée. Efficient underwater inspection of shipping vessels is important for the industry as a substitute for docking surveys at agreed intervals or to inspect hull damage. BV has been evaluating opportunities…

19 Jan 2021

Arklow Chooses Satcom Global Aura VSAT

(Photo: Satcom Global)

Ireland headquartered ship owner and charterer Arklow Shipping has contracted communications solutions provider Satcom Global to install Aura VSAT across 17 newbuild vessels due for delivery from 2021 onward.The new vessels will be activated on a range of Aura service packages, all with Committed Information Rate for guaranteed service quality, and companion options to suit their different sailing patterns. Ten new C-Class vessels will benefit from unlimited Ku-band connectivity with 4G back-up to complement their short sea shipping requirements and operations close to shore.

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