Baltic Index Hits Near 7-month High on Rising Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the sixth straight session on Thursday due to higher demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 45 points, or 2.872 percent, to 1,612 points, the highest since Dec. 15.* The capesize index gained 270 points, or 9.843 percent, to 3,013 points, a peak since Dec.
Sea Shepherd Says Endangered Blue Whale Killed in Iceland
An endangered Blue whale has been killed by an Icelandic whaling company Hvalur hf to be sold for export to Japan, a conservationist organization Sea Shepherd said. "Sea Shepherd volunteers monitoring the Hvalur hf whaling station in Hvalfjordur Iceland have documented the slaughter of an endangered Blue whale on the night of July 7th, the 22nd endangered whale killed and butchered for export to Japan by Kristján Loftsson’s commercial whaling company since June 20, 2018," said a press release.
Dry Aulk Awakens from Slumber
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4,000s and only marginally down from pre Christmas levels. 2016 has started with a couple of period fixtures reported at low $6,000s for Ultramaxes. Thus by default Supras will only be worth something in the $5,000s for a 12 month deal. Activity in the Atlantic seems to increase a bit after X-mas and new year…
Bulk Carrier Crew Rescues Six Fishermen
On Saturday, June 9, the captain and crew of the Wallem-managed vessel the bulk carrier KSL Seoul rescued six fishermen after their boat was involved in an accident and subsequently capsized.The KSL Seoul was passing through the Mindoro Strait en route to Port Walcott in West Australia when they spotted the capsized fishing boat, the Sister Reds with six Filipino fishermen clinging onto its hull.The KSL Seoul immediately notified the Philippine coastguard and the local Maritime Rescue Coordinating Council (MRCC) and changed course to approach the boat.
Baltic Index Slips to Two-week Low
The Baltic Exchange's main sea freight index on Thursday fell to its lowest level in two weeks, pulled down by falling rates for capesize and panamax vessels.The overall index, which tracks rates for ships carrying dry bulk commodities, slid 26 points, or 1.9 percent, to 1,347 points.The capesize index lost 52 points, or 2.5 percent, to end at 2,038 points."Extremely few cargoes out of west Australia, hence the general activity level for Pacific market this week been very low," ship broker Fearnleys said in a weekly report on Wednesday referring to the capesize segment.Average daily earnings f
AlphaBridge Installed on Serco Defense Newbuilds
Alphatron Marine has delivered its AlphaBridge for the Escape Gear Ship (EGS) and Rescue Gear Ship (RGS) built by the Damen Shipyards Group in Vietnam. The multifunction, fully integrated bridge is installed on the 93-meter RGS Stoker and 83-meter EGS Besant, built for Serco Defence to support the Royal Australian Navy (RAN). MV Stoker is the RAN’s newest Rescue Gear Ship, managed by Serco Defence. The Escape Gear Ship Besant will be used to provide an early intervention role in the event of a disabled submarine. Both ships will be based at Fleet Base West, Rockingham, West Australia.
ISS Australia to Provide Support Logistics for Jan De Nul
Inchcape Shipping Services (ISS), a maritime services provider, was selected to provide support logistics to the Jan De Nul Group for an offshore energy megaproject in Australia. The Belgium-based Jan De Nul Group specializes in dredging operations around the world and has appointed ISS Australia as its agent for the importation of 15 vessels into North West Australia. The business also includes port agency, husbandry services and other logistics support. Working as part of the Wheatstone project in the Northern Carnarvon Basin, one of Australia’s largest resource ventures, Jan De Nul will be involved in a pipeline stabilization project. To date, eight vessels have already been imported into the country with a further seven vessels due to arrive between now and October 2013.
Trelleborg to Supply FPSO Mooring Systems in Angola
Trelleborg’s marine systems operation has been awarded the contract to supply complete tandem mooring systems to two floating production, storage and offloading (FPSO) vessels in Angola, West Africa. The Angola-based FPSO tandem mooring projects demanded solutions capable of performing demanding offshore applications, while adhering to project quality documentation processes and Class rules, Trelleborg said. In addition, the projects also required the long-term provision of technical and field support services.
BIMCO: Bulk Market Awaits Freight Rates Lift
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. The freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1,621 on March 20 to hit 747 on July 29. Panamax ships have not been above $10,000 per day since February 20, but below $5,000 per day for most of June and July. BIMCO expected challenging market conditions, also for Panamaxes, but rates below $4,000 per day were an unpleasant and unexpectedly low level.
Exercise IRON MOON 2013 Concludes in Australia
Australian Defense Force (ADF) personnel have completed Exercise IRON MOON 2013, a two week Maritime Counter Terrorism training exercise in the waters off Exmouth and Dampier in North West Australia. The annual exercise involved several hundred personnel from across Defense and Australian federal and state civilian agencies. The exercise is designed to enhance and validate the ADF Maritime Counter Terrorism response capability in the most realistic environment possible. Commodore Peter Lockwood…
Trelleborg Suite Supplied to Prelude FLNG
Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel, will extract and liquefy natural gas from a site in North West Australia. Trelleborg supplied its gas transfer technology and SafePilot navigational and piloting systems for Prelude. “Our SafePilot solution, SSL, ESL and radio ESD for tandem condensate offload have been used on Shell’s Prelude FLNG…
Fire at Prelude LNG Construction Site in South Korea
Shell said a small fire occurred at the construction site in South Korea for its huge floating Prelude liquefied natural gas (LNG) project, with work resuming immediately and an investigation underway. The incident would not have an impact on the delivery schedule, according to a source in South Korea. Shell has declined to reveal the timetable or the budget for Prelude, based on a giant processing vessel being built in Samsung Heavy Industries' Geoje shipyard that will be towed to a gas field off the west Australia coast.
Asia Dry Bulk-Capesize Fall on Cargo Woes
Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said. Freight rates for a voyage from Australia to China have steadily fallen since Sept. 30 and are the lowest since May 22. Rates from Brazil to China have fallen for the last six weeks and are now the weakest since January 2013. "We don't know how low rates can go. The capesize market is just in a rut," said a Singapore-based capesize ship broker on Thursday. Moves by ship owners to resist charterers' attempts to push rates lower have failed because there is too much tonnage available, the broker said.
Strategic Marine Scores Two Infrastructure Projects
Strategic Marine announced today it is constructing two marine infrastructure fabrication projects in its Vietnam shipyard. Both projects are for Australian clients. The first comprises three 60-meter pontoons and three 90-meter gangways for application in Gladstone Port Corporation's new tug base. The second is for Carnegie Wave Energy and comprises three Buoyant Actuators for a renewable wave energy and desalination project off the coast of Perth. Strategic Marine's head office is in Western Australia…
Sales Agreement Extends ROMAR Business in Middle East
Aberdeenshire-based oilfield service company ROMAR International has entered a two year agreement with STEP Oiltools to represent the company in the Middle East. This agreement follows on from a successful contract already in place with STEP Oiltools to promote ROMAR’s range of magnetic separation products in South East Asia which has seen the company’s sales increase by 95% in the region. As part of the South East Asia contract, two successful jobs were recently completed in North West Australia and Brunei with a combined contract value of $1.2 million.
Big Ship Iron Ore Freight Rates Fall
Capesize iron ore freight rates in the Pacific and Atlantic fell further Tuesday, driven by lower-priced fixtures out of South Africa in the absence of Brazilian and West Australian charterers, reports Platts. Platts say they assessed the Capesize iron ore freight rate at $15.50/wmt on the Saldanha Bay to Qingdao route Tuesday, down $1.50/wmt from the previous day. A Japanese shipowner estimated there were presently about 30 Capesize vessels chasing cargoes in the Pacific. Brazilian miner Vale confirmed it was lifting the [West Australian ports] force majeure on its iron ore shipments…
Dry Bulkers - Spot Market
Capesize - With the Chinese away from there desks during the final part of the week, conditions slowed down considerably with rumors of fixing out of West Australia already showing softer numbers. Nevertheless, the Pacific basin was still closing on a week-on-week rise thanks to some notable fixing early on in the week, while position lists were also holding well for the time being. The Atlantic on the other hand was unable to provide any support closing off in the red as fresh inquiries were limited and far between.
A Pleasant Sub-prise for Penang Ferry Passengers
The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia. The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port for the crewmen’s holiday before they start a joint exercise with a Malaysian submarine later. Penang Port Sdn Bhd senior general manager (corporate support division) Md Derick Basir said the vessel, which is 77.8m long and 7.8m wide, will be here until Oct 2.
SSY Pacific Capesize Index gain by 432 points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index gain by 432 points in the week ending Monday to 4,387. "A weekly gain of 432 points lifts the SSY Pacific Capesize Index to 4,387 points. This is 940 points above the year-ago level. An increase in iron ore chartering activity from West Australia led to a significant improvement in the Pacific, with round-voyage rates (180k dwt) rising by $5,850/day last week to $14,350/day, while the Dampier-China iron ore spot rate climbed by $1.30/t to $6.95/t".
Lower Capesize Rates Weigh on Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, broke a six-day winning streak on Tuesday, dragged lower by lower rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed three points or 0.25 percent to end at 1,188 points. The capesize index lost 85 points, or 5.06 percent, to end at 1,595 points. "A slow start for capesize dry bulk trading thus far into the week as limited activity levels…
LR Grants Approval in Principle for HHI’s LNG-fueled VLOC
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from Lloyd’s Register (LR) for a 250,000-deadweight-ton (dwt) class very large ore carrier (VLOC) fueled by liquefied natural gas (LNG). HHI, who has been focusing its efforts on LNG-fueled ships ahead of the International Maritime Organization’s (IMO) SOx emission limitations from 2020, set out on a joint development project (JDP) last year with LR, ship owner and operator ANANGEL and LNG supplier WOODSIDE to develop the LNG-fueled 250,000 dwt VLOC design optimized for the trade route from North West Australia to North Asia, based on the XDF engine.
New Chemical Handling Service from Ferguson Group
Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha. Ferguson Group Australia, global specialist in offshore DNV 2.7-1/EN12079 containers, tanks, refrigerated modules, engineering workspace and accommodation modules, has introduced a range of chemical services from its new base in Gap Ridge, Karratha WA. The purpose built base in Gap Ridge, Karratha was designed with integral chemical storage and handling facilities. Gap Ridge is within easy reach of ports, reducing the time taken to transport chemicals offshore.
SSY Pacific Capesize Index Rises 312 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reports a change of 312 points in the week ending Monday to 3,814. "The SSY Pacific Capesize Index rose by 312 points week-on-week to 3,814 points, ending a run of losses that went back to the end of February. The Pacific round-voyage rate (180k dwt) climbed $3,750/day to a five-week high of $11,750/day, while the West Australia- China iron ore spot rate increased by $1.15/t to $6.40/t." SSY said.