Aker Arctic Delivers Bronze Propellers For Ice Operations

Bronze has been the preferred material for open water and low ice class ship propellers for decades. A few years ago, Aker Arctic began investigating the possibility of using it also in high ice class vessels. In November 2018, the first bronze propellers based on the new strength dimensioning criteria were installed on the Finnish ice class 1A ASD tug Calypso.

While bronze is not as strong as stainless steel, it has a number of benefits in marine applications such as good resistance against corrosion and cavitation damage. The material is also easy to work with both during manufacturing as well as when carrying out maintenance and repairs. Compared to a similarly-sized stainless steel propeller, a bronze screw is also cheaper.

A few years ago, Aker Arctic began investigating the possibility of using bronze propellers in high ice-class vessels in co-operation with the Finnish propeller manufacturer TEVO. The new propeller strength dimensioning criteria, which takes both the ice load and the material properties into account, was verified in full-scale ice trials with a prototype propeller during the winters of 2016 and 2017.

When the Finnish towage and salvage specialist Alfons Håkans decided to equip their ASD tug Calypso with new propellers for icebreaking operations, the company opted for bronze propellers designed according to Aker Arctic’s new propeller strength dimensioning criteria. In the future, the ice class 1A vessel will be used to push a detachable icebreaking bow in Lake Saimaa. Calypso was drydocked at Western Shipyard in Teijo, Finland, in November 2018 and is now operating with the bronze propellers designed and supplied by Aker Arctic.

Press Releases: akerarctic.fi

Photo Courtesy: akerarctic.fi

The post Aker Arctic Delivers Bronze Propellers For Ice Operations appeared first on Maritime Manual.

from WordPress http://bit.ly/2AyOPHV

Incheon Port Reached 3 Million TEU Of Container Traffic Volume Early

Incheon Port Authority (www.icpa.or.kr, CEO Bonghyeon Nam) announced that the container traffic volume of Incheon Port reached 3 million TEU as of December 19 according to its rough aggregation. Compared to last year’s attainment of 3 million TEU that was made on December 27, the date was shortened by eight days.

According to the Incheon Port Authority (IPA), the container traffic volume of Incheon Port surpassed 3 million TEU for two consecutive years on December 19 this year after recording 3 million TEU on December 27, 2017, for the first time in the history of Incheon Port.

From IPA, the meaning of shortening the time to achieve 3 million TEU was analysed as, “not only has the volume of existing routes at Incheon Port increased under adverse conditions such as the U.S.-China trade dispute and the U.S. sanctions against Iran, but also there have been three new routes opened in July and November of this year, and due to enthusiastic efforts such as export-import shippers marketing, the volume of trade is steadily increasing, especially in Vietnam and Thailand,” then “in addition, the traffic volume of the ocean line reached 102,031 TEU based on November aggregation, 33,342 TEU increased (48.5 percent) from 68,689 TEU in the same period last year, which was due to the implementing effect of the ‘30% reduction on vessels usages fee in ocean line.’

Based on the cumulative total of November by countries, the trade volume with China reached 1,691,325TEU and has increased 1.6% year-on-year, the upward trend has slowed down, but Vietnam had 288,885TEU with a 17.3% increase and Thailand had 119,024TEU with a 9.1% increase, from which can be analyzed that IPA has the effect on diversifying its routes, breaking some away from the current phenomenon of China-oriented traffic volume heavy loads.

* Proportion by countries: (China) 60.1%→59.5%, (Vietnam) 8.9%→10.2%, (Thailand) 3.9%→4.2%

The export and import traffic volumes for each major domestic port based on the cumulative total to November are 9,342,541TEU of Busan Port, increased 0.3 % year-on-year, 2,814,141TEU of Incheon Port, increased 4.1% and 1,662,500TEU of Gwangyang Port, 3.5% increase which represent that the highest growth rate among the major container handling ports.

Based on cumulative total from November at Incheon Port, the full containers are 2,082,027 TEU, 85,745TEU (4.3%) increase year-on-year, but the Empty containers are 762,882 TEU, 11,227TEU (1.5%) decrease year-on-year, which implies that imported empty container traffic volume has decreased due to trade disputes between countries.

Meanwhile, according to IPA, container traffic volume at Incheon Port is expected to reach 3.12 million TEU by the end of this year, 72,000 TEU increase (2.4 percent) from 3,048,000 TEU from last year record.

Press Releases: icpa.or.kr

Photo Courtesy: icpa.or.kr

The post Incheon Port Reached 3 Million TEU Of Container Traffic Volume Early appeared first on Maritime Manual.

from WordPress http://bit.ly/2SuivwJ

EXMAR’s Tango FLNG Sets Sail To Argentina

EXMAR announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina. Tango FLNG is now on the move, just one month after contract signing, and the voyage to Argentina is expected to take approximately 45 days.

Upon its arrival, Tango FLNG will be put in operation for EXMAR’s customer YPF S.A. and is expected to start up LNG production in the second quarter of 2019. Tango FLNG is designed for a
liquefaction capacity of about 0.5 million tons of LNG per year and is to play a central role in YPF’s efforts to export the Vaca Muerta gas reserves to the international markets.

Press Releases: exmar.be

Photo Courtesy: EXMAR

The post EXMAR’s Tango FLNG Sets Sail To Argentina appeared first on Maritime Manual.

from WordPress http://bit.ly/2ArE6Pf

Kishorn Port To Welcome World’s Largest Semi-Submersible Offshore Drilling Rig

When the Ninian Central oil production platform was towed out of Loch Kishorn in May 1978, at just over 600,000 tonnes it was the largest concrete structure that had ever moved across the face of the earth. Over 40 years later, another giant of the oil and gas industry will be coming to Kishorn.

Kishorn Port Ltd (KPL) has landed its first major contract, and the Yard that produced the super-sized Ninian platform will now host a visit by the largest semi-submersible offshore drilling rig in the world, the Ocean GreatWhite. Owned by Diamond Offshore, a global offshore drilling contractor, the Ocean GreatWhite weighs in at 60,800 tonnes and is a 6th Generation Harsh Environment drilling rig capable of drilling down to 10,000m in 3,000m of water. With a draft of over 23 metres, the rig needs deep water for anchoring and Loch Kishorn provides the ideal sheltered conditions.

The Ocean GreatWhite has made her way from Singapore, via Las Palmas in the Canaries over the last 5 months assisted by the Alp Defender, a large ocean-going offshore supply vessel weighing in at 5600t. The rig is destined to start a drilling contract in the North Sea early in 2019. The Ocean GreatWhite will not be drilling whilst at Kishorn. During its station, it will be made ready for its drilling program with Ferguson Transport and Shipping providing marine agency and stevedoring support. This activity will provide a welcome lift to the local economy.

Alasdair Ferguson, a Director of KPL, recently visited the rig in Las Palmas and commented “I couldn’t fail to be impressed by the sheer scale of the Ocean GreatWhite. We hope that the berthing and support to the rig at Kishorn will herald a new era of engagement in the oil and gas industry at Kishorn”

Kishorn Port Ltd (KPL), a joint venture between and Leiths (Scotland) Ltd and Ferguson Transport and Shipping was created in 2008 to promote the regeneration of the Kishorn Yard and dry dock as a major facility for the manufacturing of renewable energy components, decommissioning and support to the North Sea oil and gas sector.

The Yard and the dry dock were very busy in the early years of the North Sea oil and gas boom, employing over 3,000 people and generating a huge contribution to the local Highlands economy. Howard Doris, the Yard operators finally succumbed to insolvency in 1988 and the Yard lay largely dormant until 1992, when the dry dock was resurrected to enable the casting of the two 2,500 tonne concrete caissons that support the Skye Bridge.

KPL secured comprehensive Masterplan permission in 2013 and have been promoting the Yard and its unique dry dock for use by the renewables and oil and gas sectors for the last 5 years following significant investments in site infrastructure. Simon Russell, Director added “After many years of working on the Kishorn project, this is a great step towards its future regeneration and the creation of local jobs and opportunities”

Press Releases: kishornportltd.com

Photo Courtesy: kishornportltd.com

The post Kishorn Port To Welcome World’s Largest Semi-Submersible Offshore Drilling Rig appeared first on Maritime Manual.

from WordPress http://bit.ly/2Sqc91f

Aqualis Offshore Successfully Completes Jacking Trial Of Wind Turbine Installation Vessel Ouyang 1

Aqualis Offshore was engaged by Ouyang Offshore Co. Ltd. to supervise the construction and the jacking trial of the self-elevating wind turbine installation vessel. OuYang 1 is a four-legged, DP1, self-propelled vessel with a working depth of 50 metres. It can house up to 75 people and is suitable for offshore wind turbine installation and maintenance work.

“The jacking trial consisted of pre-loading up to the maximum design capacity and full distance jacking of 75 metres. During the trial, all relevant equipment was tested at the designed maximum 15-metre air gap. We are pleased to announce that the entire jacking test was successful,” says Peng Yonfei, China country manager, Aqualis Offshore.

In October, Ouyang Offshore Co. Ltd. awarded Aqualis Offshore a contract to supervise the construction of a second wind turbine installation vessel, OuYang 2.

A wind turbine installation vessel can rapidly raise its hull clear of the water to provide a stable platform from which offshore construction and maintenance work can be conducted.

Press Releases: aqualisoffshore.com

Photo Courtesy: aqualisoffshore.com

The post Aqualis Offshore Successfully Completes Jacking Trial Of Wind Turbine Installation Vessel Ouyang 1 appeared first on Maritime Manual.

from WordPress http://bit.ly/2AqfUwA

Icebreaker Kontio To The Bothnian Bay As Season’s Second Icebreaker

Arctia’s icebreaker Kontio departed the icebreaker base in Helsinki as the Finnish icebreaking season’s second icebreaker on Saturday 29 December 2018. The vessel headed towards its initial operation area near Oulu and Raahe, where it will begin assisting vessels upon arrival on Sunday 30 December. Icebreaker Otso, that departed on 25 December, already assists vessels in the Bothnian Bay.

“There is already ice coverage in the northernmost part of the Bothnian Bay as well as near Oulu. So far the ice situation has been easy, but as temperatures keep dropping further below zero, more ice will form fast. Some forecasts predict a winter colder than average. A master of an icebreaker naturally has nothing against these kinds of predictions”, ponders Timo Jeskanen, Master of IB Kontio.

Press Releases: Flying Focus and Arctia Ltd.

Photo Courtesy: Flying Focus and Arctia Ltd.

The post Icebreaker Kontio To The Bothnian Bay As Season’s Second Icebreaker appeared first on Maritime Manual.

from WordPress http://bit.ly/2SpGT2w

IRClass Receives RO Authorisation From Jordan & Bahrain, Opens Office In Saudi Arabia

Leading classification society Indian Register of Shipping (IRClass), has made significant inroads into the Middle East market, following the announcement in October on its plans to further strengthen its footprint in the region.

RO recognition from Jordan and Bahrain
IRClass has received authorisation as a Recognised Organisation (RO) from The Hashemite Kingdom of Jordan – opening doors of opportunities of shipping companies to the classification society.

Further, IRClass has also received authorisation as RO from the Kingdom of Bahrain’s Port and Maritime Authority. With these two key recognitions in the region, IRClass is now recognised by 41 flags worldwide.

New Office in Kingdom of Saudi Arabia
IRClass has recently set up an office in Dammam, KSA to expand its reach and serve the region better. The classification society is also pursuing approval from the Kingdom of Saudi Arabia (KSA).

Signing of service agency agreement in Lebanon
In a bid to increase visibility of the classification society’s suite of services, IRClass has signed a service agency agreement with XO Class, Sa Beirut at a recent event at the Lebanon Chamber of Commerce in Beirut. The event was attended by His Excellency Mr. Sanjiv Arora, the Ambassador of India in Lebanon, Mr. Mohamed Choucair, Chairman of Lebanon Economic Commission, as well as shipowners from Lebanon, Turkey, Egypt and Russia to name a few.

IRClass has also received approval from Abu Dhabi National Oil Company (ADNOC), an umbrella organisation for group of Oil and Gas companies such as ADCO, ADMA-OPCO,ZADCO,NDC etc. A key breakthrough for the classification society, which will enable it to enhance its services to the offshore sector of UAE.

Mr. Rajeev Pratap Rao, Regional Manager for Middle East and Africa said: “The progress we’ve made in the Middle East region has been highly encouraging. These developments would help us in servicing the needs of our customers in Middle East region and offer real-time responses to the vessels. IRClass is actively seeking business opportunities in shipping and offshore sectors in the region.”

Press Releases: irclass.org

Photo Courtesy: irclass.org

The post IRClass Receives RO Authorisation From Jordan & Bahrain, Opens Office In Saudi Arabia appeared first on Maritime Manual.

from WordPress http://bit.ly/2AlGBm3

Gazprom Board Of Directors Reviews Prospects Of LNG Bunkering Market

The Gazprom Board of Directors reviewed the information about the prospects of the liquefied natural gas (LNG) bunkering market and the Company’s ongoing efforts in this regard.

It was noted that increased use of LNG as a bunker fuel was related to the restrictions imposed by the International Convention for the Prevention of Pollution from Ships (MARPOL). Starting from 2015, the maximum allowable concentration of sulfur in marine fuel was reduced from 1 per cent to 0.1 per cent in the designated Emission Control Areas (the Baltic and North Seas, the English Channel, North American coastal areas, and the U.S. area of the Caribbean). In 2020, MARPOL will implement a global 0.5 per cent sulfur cap for marine fuel. This measure is expected to significantly decrease the use of fuel oil and increase the consumption of LNG as a fuel meeting all of the environmental requirements set by MARPOL.

Gazprom continues to build the LNG production, storage and shipment complex near the Portovaya compressor station. It is planned to use the plant’s output to, inter alia, bunker marine vessels in Russia. The core process equipment of the complex is being assembled at the moment. Meanwhile, construction of an onshore LNG storage tank and berthing facilities is underway. The complex is slated to come onstream in 2019. In addition, Gazprom is exploring the possibilities of building plants in the area of the Black Sea and in Russia’s Far East.

Gazpromneft Marine Bunker, the Gazprom Group’s single operator for selling LNG to end consumers in the bunkering market, is currently working on a project for an LNG bunkering vessel. Today, only four vessels of this kind exist worldwide, along with eleven small-scale gas carriers some of which are fitted out for LNG bunkering.

The Management Committee was instructed to continue creating infrastructure for producing and marketing LNG as bunker fuel.

Press Releases: gazprom.com

Photo Courtesy: gazprom.com

The post Gazprom Board Of Directors Reviews Prospects Of LNG Bunkering Market appeared first on Maritime Manual.

from WordPress http://bit.ly/2Sq4nnY

INPEX-Operated Ichthys LNG Project Commences Plant Condensate Shipment

INPEX CORPORATION (INPEX) announced that the INPEX-operated Ichthys LNG Project (the Project) has commenced shipment of condensate (ultra-light crude oil) produced at the onshore gas liquefaction plant (hereinafter plant condensate) in Darwin in the Northern Territory of Australia.

The Project commenced the shipment of condensate from offshore production facilities on October 1, 2018, followed by liquefied natural gas (LNG) on October 22, 2018 and liquefied petroleum gas (LPG) on November 16, 2018.

Plant condensate is produced as part of the onshore plant-based process of liquefying the natural gas lifted from the Ichthys Field and transported to Darwin through the gas export pipeline. Plant condensate makes up approximately 15% of all the condensate produced through the Project, and is scheduled to be shipped at regular intervals going forward.

The first plant condensate shipment is destined to an Asian customer.

INPEX will continue to work toward ramping up production at the Ichthys LNG Project at an early stage with the understanding and cooperation of all its stakeholders, including the project’s joint venture partners, the local communities, the Australian federal government and the governments of Western Australia and the Northern Territory.

Press Releases: inpex.co.jp

Photo Courtesy: inpex.co.jp

The post INPEX-Operated Ichthys LNG Project Commences Plant Condensate Shipment appeared first on Maritime Manual.

from WordPress http://bit.ly/2Rl3pw2

Polarcus Secures Combined Streamer And Node Seismic Acquisition Project In Middle East

Polarcus Limited (“Polarcus” or the “Company”) announces that a contract has been executed with Dubai Petroleum Establishment for a combined towed streamer and ocean bottom node (‘OBN’) 3D seismic acquisition and processing project in the Middle East.

The project will commence in Q1 2019 and run for approximately 3 months. The towed streamer seismic will be acquired by “Vyacheslav Tikhonov”. The OBN acquisition services for the project will be provided by SAE Exploration.

The core Polarcus fleet is heavily booked in Q1 2019 creating the opportunity to call on the Vyacheslav Tikhonov (ex-Polarcus Selma, currently on bareboat charter to the seismic division of Sovcomflot) to provide high quality marine seismic acquisition services with project management delivered by Polarcus.

Polarcus COO, Lars Oestergaard commented:

“We are delighted to be awarded a towed streamer seismic project that will be acquired in unison with an undershoot OBN component to address imaging challenges in obstructed areas. We see OBN as an important complement to towed streamer acquisition in certain environments. Our collaboration with SAE Exploration on this project is important to provide our client with seamless seismic operations and to deliver a high-quality imaging product, capitalizing on the strengths of the respective seismic technologies”.

Press Releases: polarcus.com

Photo Courtesy: polarcus.com

The post Polarcus Secures Combined Streamer And Node Seismic Acquisition Project In Middle East appeared first on Maritime Manual.

from WordPress http://bit.ly/2GGJJP6

Navis Identifies Trends To Watch For Ocean Shipping In 2019

Major opportunities are on the horizon for ocean shipping as the rapid pace of technology change will continue unabated through 2019 and beyond, according to industry research conducted by Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain.

The company predicts that the biggest trends driving the industry over the next year will include increased IT spending, greater collaboration and data standardization, trade wars, smart containers, automation productivity gains, and improved carrier capacity management and environmental efficiencies.

Navis’ 2019 predictions for the shipping supply chain include:

1. More budget allocated to IT spend: According to Navis’ Business Bellwether survey, some 90% of respondents believe their organizations will increase technology spending, including 56% who plan for an increase of 6% or more. Much of this spend will be targeted at the adoption of new technologies, which was cited as a top three priority for companies looking to improve operational performance. The top areas for increased technology spending, in descending order include, automation, business intelligence, planning and management systems, big data analytics, and SaaS applications and cloud services. Much discussed technologies like blockchain and IoT sensors were significantly lower on the priority list.

“Technology is just one part of overhauling a traditional supply chain industry,” said Andy Barrons, Chief Strategy Officer, Navis. “It may sound obvious but people and the investment decisions they make about the way the supply chain operates in the future will be the critical factor in speeding up transformative change.”

2. Greater Advancement in Collaboration and Standardization: The industry’s ability to share data requires dramatic improvement and executives unanimously agree that there is a strong need for standards that facilitate data sharing. According to Navis’ report, Working as One, more than half of all respondents said their operational performance would improve by at least 50% if they could share their real-time operational information. Looking forward, 70% expect real-time collaboration between shipping lines and terminals to occur within the next five years.

“For transformative technology to take hold, I believe more industry leadership will be required on issues such as standards. The digital world needs interoperability and this requires agreeing upon and enabling better standards,” said Younus Aftab, Chief Technology Officer at Navis. “The industry will move faster and improve performance for itself and its customers with more technical understanding and business knowhow shared between multiple parties. Technologies like blockchain will help facilitate issues around data ownership and transfer. AI will enable learning systems that use much of the information that exists in the value chain and help drive optimization.”

3. Return to Profitability Despite Protectionist Fears: Topping the list of concerns for executives heading into 2019 is the rise in trade protectionism and new tariffs – one third report being extremely concerned about trade tensions, with another 36% saying they were concerned. Despite these fears, the industry is cautiously optimistic about the global business environment for world trade and 82% anticipate either improved profitability over the next 12 months or continued stabilization and reduced losses.

4. The Rise of Smart Containers: 2019 could be the year that we start to see expanded use of smart containers in the market as shipping begins to run trials of the technology. The industry is already seeing progress with Maersk announcing this year investments in inexpensive, disposable tracking devices, along with earlier initiatives to put sensors into its entire 270,000 fleet of refrigerated boxes. Traxens plans to deploy 100,000 smart containers by the end of 2019 including MSC announcing it will equip 50,000 dry cargo containers with smart container technology. In addition, CargoSmart is connected to over 40 ocean carriers to advance supply chain visibility. This expanded use of smart containers will provide another way for shippers to gain transparency into the flow of containers through their supply chain.

5. Automation Spurs Continuous Data-Driven Operational Improvement: While the shipping industry has generally been slower than other fields in the shift towards digital technologies, pressure from customers, rising costs of labor, competition, and maturing technology have amplified the demand for terminals to invest and automate. A recent DS Research report reveals that 60 automation projects are planned for the next five years, which will create a combined capacity of 90 million TEU. Navis currently works with 20 semi- or fully-automated terminals worldwide and is seeing new levels of productivity, with some terminals over 30 moves per hour. In 2019 the expectation is for continuous improvement and optimization programs at automated terminals to enable new levels of productivity.

6. Improved Carrier Capacity Management, Operational and Environmental Efficiencies: Capacity management will be a major point of emphasis moving into the New Year. Due to the implementation of the latest lashing rules, owners, as well as ocean carriers, will increasingly seek operation-based opportunities to increase the cargo intake of their vessels in order to increase the flexibility of capacity management. In terms of improving operational and environmental efficiency, the initial strategy adopted in April 2018 by the International Maritime Organization to reduce annual greenhouse gas emissions from ships by at least 50% by 2050 will motivate shipping lines to gain technological advantages by continuing operational cargo and vessel tracking and analysis.

Press Releases: navis.com

Photo Courtesy: navis.com

The post Navis Identifies Trends To Watch For Ocean Shipping In 2019 appeared first on Maritime Manual.

from WordPress http://bit.ly/2RiSTp7

Gaslog Lifts Options for LNG Carrier Pair at Samsung

The decision was made after Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, exercised options to charter two additional newbuilds from GasLog.

As disclosed, each ship has secured a firm charter period of seven years.

The options were part of a contract the duo inked in August this year, when GasLog booked the construction of two 174,000 cubic meter LNG carriers with low pressure two stroke propulsion, with expected delivery in late 2020. Each vessel secured a charter for a firm period of seven years.

The construction contract was worth KRW 412.3 billion (USD 367 million), according to SHI.

On Monday, SHI announced that it had received orders for two LNG carriers worth KRW 426 billion (USD 378 million). The identity of the shipowner behind the deal as well as other details of the order were not disclosed.

The latest contract brings SHI’s orderbook to 48 ships, worth USD 6.1 billion. The shipbuilder’s ordering tally for this year is dominated by LNG carriers, 17 of them, out of which 5 were booked this month alone.

Press Release: GasLog

The post Gaslog Lifts Options for LNG Carrier Pair at Samsung appeared first on Maritime Manual.

from WordPress http://bit.ly/2LA5uyR

Arctia’s Icebreaker Otso Departed As The Season’s First Icebreaker

Arctia’s converted polar icebreaker Otso departed the icebreaker base in Helsinki as the Finnish icebreaking season’s first icebreaker on Christmas Day, 25 December 2018, at 18:00 local time. The vessel headed towards its initial operation area to keep open the fairways to Tornio, Kemi and Oulu. IB Otso will reach the area before noon on December 27th.

According to the latest ice report by the Finnish Meteorological Institute, ice in the Bay of Bothnia is drifting towards north-east. In the northern Bay of Bothnia’s inner archipelago there is 10-20 cm thick fast ice. Farther out there is 5-15 cm thick very close ice, level ice and new ice to Kemi 2, Oulu 1 and Raahe lighthouse.

“Icebreaker Otso along with its crew is eager to begin the new season. As we have learned, years are not alike, and ice conditions in the Bothnian Bay vary a lot. According to predictions, last season was supposed to be fairly mild, but it turned out to be far from it: on the last day of February all eight Arctia icebreakers were at sea assisting merchant vessels. Let’s see, what the coming season will bring”, comments Mr. Seppo Eva, Master of IB Otso, right before heading to sea.

In 2017 the Finnish icebreaking season’s first icebreaker departed the icebreaker base in Helsinki on December 18th, in 2016 on December 8th, and in 2015 on December 29th.

Press Releases: arctia.fi

Photo Courtesy: arctia.fi

The post Arctia’s Icebreaker Otso Departed As The Season’s First Icebreaker appeared first on Maritime Manual.

from WordPress http://bit.ly/2Al1pKz

ISWB: Abandoned Crew Of M.V Evangelia M Returns Home After 6 Months

With extreme effort of Indian seafarer welfare board (ISWB), Abandoned 21 crew members of Liberia flagged cargo ship M.V Evangelia M returned to their home country Philippines after being abandoned for almost six months at Port of Kakinada, India.

The seafarers were abandoned in the Port of Kakinada by the vessel Owner Sea Majesty Incorporated, Liberia and Managers Athenian Ship Management, Greece. The mariners were bereaved of their wages, basic provisions, fuel and essential first aid supplies.

“The Indian Seafarers Welfare Board (ISWB) is currently dealing with the welfare and legal issues of Seafarers in Indian Ports and also assisting Foreign seafarers in distress and abandonment in Indian Ports”

The Port Welfare Committee of Andhra Pradesh and Sea Mission International has extended their welfare support to the abandoned seafarers and supplied necessary provisions and drinking water to crew members. The abandoned crew of Evangelia M had been repatriated to Philippines safely.

The Captain and Crew members expressed their sincere thanks to Capt. Shailesh Tiwari and Mr. N. Reuben Paul, N. Ravindra Babu Sea Mission International, Centre for Seafarers and Maritime Workers Union (Member of ISWAN, UK), FSUI, Port Welfare Committee of Andhra Pradesh and Philippine Embassy for their coordinated efforts and commitment towards seafarer welfare.

Capt. Shailesh Tiwari, Legal Expert of ISWB and Mr. Reuben Paul have assisted crew members for their legal and welfare issues. The Sea Mission with help of the Philippine Manning Agency EVIC Human Resources, have supplied provisions, fresh water and bunkers during the vessel Blackout at port of Kakinada.

The ISWB assisted crew member to file a case in Hyderabad High court for their pending wages and also for their safely repatriation. The Honorable High Court of Hyderabad has arrested the vessel and ordered port officer to repatriate all crew members to Philippine at the soonest. The Crew members have been repatriated to their home country and waiting for their pending wages, which will expedite after auction of vessel.

The Embassy of Philippines in New Delhi has sent special thanks and extended their gratitude to Mr. N. Reuben Paul for his continuous effort and support to Philipino crew members at Port of Kakinada, India.

Press Releases: seafarerswelfareboard

Photo Courtesy: seafarerswelfareboard

The post ISWB: Abandoned Crew Of M.V Evangelia M Returns Home After 6 Months appeared first on Maritime Manual.

from WordPress http://bit.ly/2SoJyJR

Klaipeda Seaport Opens Gates To One Of The Largest Vessels Worldwide

On the 19th of December of 2018 one of the largest 19 462 TEU ( 20 feet equivalent unit) capacity vessel “MSC Ingy“ operated by the shipping line “Mediterranean Shipping Company“ (MSC) successfully entered Klaipeda Seaport. It was a trial passage of the vessel. This vessel, attributed to ULCV („Ultra Large Container Vessel“) class vessels, made changes in the history of Klaipeda Seaport and became the largest vessel ever entering the Lithuanian Seaport. Her length overall reaches 400 metres, breadth is 59 metres. Up until now the largest vessels entering Klaipeda Seaport were the container ships with 13 119 TEU capacity, 366 metres in overall length and 48 metres in breadth.

The successful call of „ MSC Ingy“ to the seaport allowed Klaipeda Seaport to entrench in „the highest container league“: only 37 seaports (i.e. approx.7 pct) among 500 seaports worldwide MSC carries its cargo to are ready to accept ULCV class vessels. Up until now only the Aarhus ( Denmark) and Gdansk ( Poland) container terminals have accepted such vessels in the Baltic Sea region.

The vessel has been moored at the quays of JSSC „ Klaipedos Smeltė“ – the owner of successfully operating international cargo distribution centre (HUB). Presently, 5000 – 7000 TEU capacity ocean going liners, carrying containers on„ Australia Express“ route and connecting Klaipeda with important transit European and Eastern seaports like London ( England), Antwerp (Belgium), Valencia (Spain), Naples ( Italy) , King – Abdullah ( Kingdom of Saudi Arabia) , Singapore, Colombo ( Sri Lanka), Sidney ( Australia) and others are calling the container terminal of „Klaipedos Smelte“ on regular basis once per week. Up to 6000 TEU are loaded and discharged into these vessels at a time, the majority of these containers are being transhipped by feeder ships – container carries to neighbouring seaports in Finland, Russia, Estonia and other countries.

Vessel „ MSC Ingy“ plies on the „ Silk “ route destined to carry containers from China (Ningbo, Shanghai), Southern Korea ( Kwangyang) and Malaysia (Tanjung Pelepas) seaports to the seaports of Western Europe ( Sines, Bremerhaven, Gdansk, Rotterdam , Klaipeda) and from the Western Europe to the Far East. Approximately 1 100 TEU (20 feet equivalent unit) will be discharged and loaded in Klaipeda with Lithuanian and Belarussian export and import cargoes, destined for thousands of consignors and consignees. As this passage was doomed to be the trial voyage, it has been decided not to load the vessel up to the permissible in Klaipeda Seaport draught parameter.

To accept the vessel attributed to ultra large container vessel class was the real challenge to certain Seaport departments. Responsible and careful preparations for piloting of this vessel to the seaport have started long before the operation of the accommodation of the vessel. This summer the most experienced MSC vessel masters together with Klaipeda Seaport pilots at the simulators of Lithuanian Maritime Academy performed a few dozen simulations of ULCG vessel entering the Seaport. Every time the parameters that could make any impact on navigation, such the strength and the direction of wind or vessel loading degree were changed and diverse possible situations were modelled.

After successful piloting and mooring of vessel „ MSC Ingy“ in Klaipeda Seaport representatives of operational centre in Geneva estimated the actions and work of the pilots of Klaipeda Seaport, „ Klaipeda Smelte“ container terminal, the towage company „ Towmar Baltic“ and other related institutions and companies while accepting „ MSC Ingy“ as highly professional and totally responding all expectations. It is expected that in the beginning of 2019 MSC will take a decision to arrive to Klaipeda Seaport by ULCV vessels on regular basis.

It has been forecasted that container handling in Klaipeda Seaport will continue to increase. „ Klaipedos Smelte“ has already started preparing for this growth: construction of new storage yards has been launched, the contract with Finish company „ Konecranes“ on the purchase of 12 modern container cranes has been concluded. It is planned that after investing 65 million euros the handling capacity of „ Klaipedos Smelte“ container terminal will reach 800 000 containers or 1,2 million TEU in 2020. Presently 310 employees are working in „ Klaipedos Smelte“, supplementary 60 specialists have been employed and trained since May.

The curve of container handling growth in Klaipeda Seaport has been rapidly rising up. Comparing with the previous year, the container handling in Klaipeda Seaport increased nearly by 60 percent (430 974 TEU were handled on the 11th of January of 2017 and already 677 350 TEU were handled on the 11th of January of 2018). Another container handling company, the pioneer of container handling operations in Klaipeda Seaport – JSC Klaipeda Container Terminal, makes its significant contribution to this increase. The cargo handling throughput of this company this year increased by more than 20 pct.

It is expected that cargo growth tendencies will remain further as the conditions for container ships calling Klaipeda Seaport of have been enhanced – the Order of the Minister of Transport and Communications on reducing the port dues for vessels with gross tonnage higher than 60 thousand units came into force the previous month.

Press Releases: portofklaipeda.lt

Photo Courtesy: portofklaipeda.lt

The post Klaipeda Seaport Opens Gates To One Of The Largest Vessels Worldwide appeared first on Maritime Manual.

from WordPress http://bit.ly/2Al9dfh

Macgregor Receives EUR 22 Million Orders For Cruise Access Equipments

MacGregor, part of Cargotec, has secured cruise access equipment orders from three European shipyards. The total order value is approximately EUR 22 million.

The orders were booked into Cargotec’s fourth quarter 2018 order intake and the delivery of the MacGregor equipment is planned to start during the fourth quarter 2019 and finalised during the first quarter of 2024.

“We are delighted that our customers rely on MacGregor expertise to provide safe and efficient equipment for these ships,” says Magnus Sjöberg, Senior Vice President, Cargo Handling and RoRo, MacGregor.

Press Releases: MacGregor

Photo Courtesy: MacGregor

The post Macgregor Receives EUR 22 Million Orders For Cruise Access Equipments appeared first on Maritime Manual.

from WordPress http://bit.ly/2AieBQc

NYK To Build Its First Methanol-Fueled Chemical Tanker With Green Loan

NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of NYK’s first methanol-fueled chemical tanker. A green loan is a loan whose proceeds are used solely for the purpose of funding environment-friendly projects. NYK will continue to take steps for the development and use of technology linked to environmental performance by proactively promoting green finance.

1. Background

In the medium-term management plan “Staying Ahead 2022 with Digitalization and Green” that NYK announced in March, the company indicated its goal to integrate ESG principles into management strategies to contribute to the sustainable development of society and enrichment of the company’s corporate value.

In fact, in May NYK became the first company in the global shipping industry to issue labeled green bonds, and they have been used to fund environment-friendly liquefied natural gas (LNG) fueled vessels and other NYK projects. To support investment in environmental technology more from a finance viewpoint, NYK decided to enter into this green loan agreement with Taiyo Life Insurance Company.

2. Green Loan Framework

Debtor: NYK
Creditor: Taiyo Life Insurance Company
Loan payable: 2 billion yen
Period: 10 years from December 27, 2018, to December 27, 2028
Use of proceeds: Building a methanol-fueled chemical tanker
Certification: Japan Credit Rating Agency Ltd. (JCR)
Scheme: Below

This green loan has been certified by Japan Credit Rating Agency Ltd. (JCR) to be aligned with the highest rank of “Green 1” of the Green Loan Principles.*

All the finance procured from this green loan will be used to build the new methanol-fueled chemical tanker. Its methanol-fueled main engine will reduce sulphur oxides (SOx) by approximately 99 percent compared with the use of heavy oil. In fact, the vessel’s entire SOx emissions, including the electrical generator, will fall by about 75 percent compared with using oils that comply with low-sulphur oil regulations. Using methanol as a marine fuel helps meet the International Maritime Organization’s new regulations that cap sulphur content in marine fuels coming into effect in 2020. Methanol is a clean-burning fuel that produces less nitrogen oxides (NOx) and particulate matter (PM), enabling more environment-friendly operation by NYK.

– Outline of the ship
Deadweight Tonnage: about 49,000 tons
Length overall: about 183 meters
Breadth: 32.2 meters
Shipbuilder: Hyundai Mipo Dockyard Co. Ltd.
Delivery: Scheduled for 2019

3. Future

NYK will promote green finance and continue its efforts to keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment as the company makes efforts to contribute to realizing a sustainable society with technology that lessens environmental burdens.

* Green Loan Principles
International principals launched by the Europe-based Loan Market Association (LMA) and the Asia Pacific Loan Market Association (APLMA) in March 2018.

Press Releases: nyk.com

Photo Courtesy: nyk.com

The post NYK To Build Its First Methanol-Fueled Chemical Tanker With Green Loan appeared first on Maritime Manual.

from WordPress http://bit.ly/2SsNBow

NYK Vessel Ships First Plant Condensate From INPEX-Operated Ichthys LNG Project

Challenge Peak, an oil products tanker operated by NYK Bulkship (Asia) Pte. Ltd. based in Singapore, has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project. The condensate was loaded from the gas liquefaction plant in Darwin in the Northern Territory of Australia, and the vessel departed for an Asian country on December 26.

A joint venture among INPEX (the operator), oil major Total, and others, the Ichthys LNG Project is one of the largest LNG projects in the world. At its peak, the project is expected to produce approximately 8.9 million tons of LNG and approximately 1.65 million tons of LPG per annum, along with approximately 100,000 barrels of condensate per day.

In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates and provide flexible and optimal transport options that meet customers’ diversifying needs and contribute to stable energy supply.

Outline of Vessel
Length overall: 181.54 meters
Breadth: 32.20 meters
Deadweight tonnage: 45,945 meters
Gross tonnage: 28,737 tons
Flag: Singapore

Press Releases: nyk.com

Photo Courtesy: nyk.com

The post NYK Vessel Ships First Plant Condensate From INPEX-Operated Ichthys LNG Project appeared first on Maritime Manual.

from WordPress http://bit.ly/2Al5wGr

EMAR Offshore Services Places Order For Damen Tug Asd 2811

EMAR Offshore Services, a Netherlands-based dedicated maritime service company, has placed an order for a Damen ASD Tug 2811. This stock vessel will be named E-TWO and delivered to the client in the first quarter of 2019 . An additional FiFi1 system and aft winch will be installed.

The ASD Tug 2811 is one of Damen’s ‘next-generation’ harbour tugs, announced in 2018. An upgraded version of the best-selling ASD Tug 2810, it has been further optimised for the decade ahead with features that include full compliance with the new stability regulations, a modular marine NOx reduction system and the Damen Digital Platform to maximise performance and reliability. These plus 60- tonnes of bollard pull and superb manoeuvrability mean that it is capable of taking on almost any ship-handling operation in even restricted waterways. E-TWO will be the second ASD Tug 2811 to be delivered so far.

EMAR Offshore Services is established in 2010 only but today it operates all over the world, with a current focus on the regions Caribbean, South America, West Africa, Middle East and Russia. EMAR supports the oil & gas, construction and mining companies with their need for knowledge and equipment. Its own fleet consists of six tugs, of which five have been built by Damen.

Press Releases: damen.com

Photo Courtesy: damen.com

The post EMAR Offshore Services Places Order For Damen Tug Asd 2811 appeared first on Maritime Manual.

from WordPress http://bit.ly/2Sngwu3

World’s Largest FLNG Facility Starts Production

“Today the wells have been opened at the Prelude FLNG facility and the initial phase of production has commenced,” INPEX, who is involved in developing the project in Block WA44-L in partnership with Shell and other project companies, said in a statement.

The Prelude FLNG facility will separate and liquefy the gas produced from the well to produce LNG, liquefied petroleum gas (LPG) and condensate. These products will then be directly loaded from the FLNG facility onto tankers and shipped in sequence.

Prelude FLNG was built at South Korea’s Samsung Heavy Industries’ Geoje shipyard. The 488-meter-long facility arrived in Australia in September 2017, after a journey of nearly 6,000 kilometers.

The giant gas production facility received its first gas on board in June this year when Gallina, an LNG carrier from Singapore, imported gas to Prelude FLNG.

It was the first time a vessel had berthed side by side with Prelude and tested its offloading arms.

Press Releases: LNG

Photo Courtesy: Shell

The post World’s Largest FLNG Facility Starts Production appeared first on Maritime Manual.

from WordPress http://bit.ly/2GDWutP

Indonesian Port of Merak Reopens after Tsunami

The Port of Merak opened in the morning hours of December 24, GAC informed.

No change to draft restrictions at its two terminals, approach channels or anchorage is reported. However, vessels should be alert to the possibility of floating materials around the terminals, according to GAC.

Additionally, the Indonesian transportation ministry confirmed that Merak-Bakauheni ferry port facilities suffered no damages, Tempo.co reported.

Authorities warn residents and tourists in coastal areas around the Sunda Strait to stay away from beaches.

Bad weather and high waves of 2.5-4 meters are expected in the area until December 28.

At the Port of Banten, all activity has been stopped until further notice from the authority.

The tsunami was triggered by a combination of underwater landslides caused by the eruption of Mount Krakatoa and an abnormal tidal surge due to a new moon.

Dozens of buildings were destroyed, hundreds of people died and were injured after the wave hit coastal areas of South Sumatra and the western tip of Java. The worst affected area was the Pandeglang region of Banten province in Java.

Press Releases: Port of Merak

Photo Courtesy: Port of Merak

The post Indonesian Port of Merak Reopens after Tsunami appeared first on Maritime Manual.

from WordPress http://bit.ly/2Rg01CG

Drewry: Asia to Mediterranean Trade Facing Choppy Waters?

After a flat second quarter, westbound Asia to Mediterranean volumes in the period July-September rose by 3.4%, and returns for October yielded a growth rate of 5.6%, Drewry said citing CTS data.

The year-to-date rise in headhaul demand was by the end of October reading 3.5% , much better when compared to 1.2% improvement recorded for the North Europe trade.

The recovery was mainly driven by increases of imports by Spain that rose by 4.8% with those to Italy and France pushing ahead by 5.9% and 8.8% respectively from July to October.

The recovery in North African volumes continued apace, propelled chiefly by Egypt’s reviving economy. Asian boxes discharged in the five countries bordering the Mediterranean increased by almost 11% in the ten-month period from January to October. As informed, traffic into Egypt rose by 17.5% and continues to gather momentum; between July and October the year-on-year increase was touching 29%.

According to Drewry, the East Mediterranean sector is this year’s laggard in the trade, with volumes dropping in the ten-month period by 4.7%. Israeli imports retreated 2.4% and Lebanese traffic gave up almost 11%. Greece, on the other hand, has marked its exit from an eight-year financial rescue program by allowing its imports from Asia to rise by 11%.

However, the major casualty in the East Med has been the Turkish market where imports fell by 10%, equating to some 75,000 TEU.

The damage started in the second half of the year when a currency crisis fueled record inflation rates and stunted consumer demand. In the first six months of 2018, Asian exports entering Turkey were marginally up by just over 1%, but in the subsequent four months they collapsed by 27%.

“Although the lira has made a partial recovery from the depths it touched in August, it has still lost 40% of its value this year. Households have to contend with inflation rates which reached 25% in October, and higher interest rates have put the cost of borrowing well beyond the reach of the average consumer,” the shipping consultancy explained.

“It is likely then that Turkish imports will not show any gains until after the first half of next year and, having now ceded the second largest import country ranking in the Mediterranean to Spain; Turkey is unlikely to challenge that placing in the immediate future.”

Due to the expected absence of demand growth in the Turkish inbound market in the first half of 2019 and only weak expansion in the West Mediterranean sector, Drewry believes headhaul volumes may struggle to match this year’s growth rate.

What is more, should cascading of ships from the North Europe trade into the Mediterranean continue, freight rates could well come under pressure in 2019.

Press Releases: Drewry

Photo Courtesy: Drewry

The post Drewry: Asia to Mediterranean Trade Facing Choppy Waters? appeared first on Maritime Manual.

from WordPress http://bit.ly/2GQEFrk

EUNAVFOR MED Operation Sophia: Mandate Extended Until 31 March 2019

The Council extended the mandate of the EUNAVFOR MED Operation Sophia until 31 March 2019. The operation’s core mandate is to contribute to the EU’s work to disrupt the business model of migrant smugglers and human traffickers in the Southern Central Mediterranean

The operation has also supporting tasks. It trains the Libyan Coastguard and Navy and monitors the long-term efficiency of the training and it contributes to the implementation of the UN arms embargo on the high seas off the coast of Libya.

In addition, the operation also conducts surveillance activities and gathers information on illegal trafficking of oil exports from Libya, in accordance with the UN Security Council resolutions. As such, the operation contributes to EU efforts for the return of stability and security in Libya and to maritime security in the Central Mediterranean region.

EUNAVFOR MED Operation Sophia was launched on 22 June 2015. It is part of the EU’s comprehensive approach to migration. The Operation Commander is Rear Admiral Credendino, from Italy. The headquarters of the operation are located in Rome.

Press Releases: consilium.europa.eu

Photo Courtesy: eunavfor.eu

The post EUNAVFOR MED Operation Sophia: Mandate Extended Until 31 March 2019 appeared first on Maritime Manual.

from WordPress http://bit.ly/2rWufMK

Keppel Secures Marine Contracts Worth Around S$300m

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Singmarine Pte Ltd (Keppel Singmarine) and Keppel Shipyard Ltd (Keppel Shipyard), clinched contracts worth a combined value of about S$300 million for the design and construction of an ice-class LNG bunker vessel, refurbishment of a Floating Production Storage and Offloading vessel (FPSO), and 65 scrubber retrofit projects.

Mr Chris Ong, CEO, Keppel O&M, said, “These new contracts are testament to Keppel O&M’s expertise in the building, upgrading and conversion of a wide range of vessels. They also extend our track record in refurbishment and modification projects, which are a core part of our business.”

“Keppel O&M also stands ready with a suite of advanced and cost-effective solutions such as scrubber retrofits and LNG-fuelled vessels, as the International Maritime Organisation implements the 0.5% global sulphur cap on marine fuel from January 2020.”

The first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea. The contract complies with applicable sanctions.

To be built to the MTD 5800V LNG design, a proprietary design of Keppel O&M’s ship design and development arm, Marine Technology Development (MTD), the vessel will have an Ice Class Arc 4 notation and a cargo capacity of 5800 m3.

This project leverages Keppel O&M’s strong track record in ice-class vessels, experience in cryogenics, and comprehensive suite of solutions along the gas value chain. Keppel O&M has delivered 11 ice-class vessels to-date and is currently building LNG-fuelled vessels including South East Asia’s first LNG bunkering vessel.

The second contract is by Keppel Shipyard with a leading global operator of floating production vessels for the fabrication of a new aft hull for an FPSO.

Keppel Shipyard will be responsible for the design of the aft hull, procurement of equipment, as well as fabrication, outfitting, integration and commissioning work on board the existing FPSO. The installation will also include a new accommodation block which can accommodate up to 140 personnel.

Work on the FPSO, which has already arrived in the shipyard in preparation for the upgrade, is scheduled to commence in 1Q 2019. Delivery of the FPSO is expected by the end of 2020.

Separately, Keppel Shipyard has recently secured a total of 65 contracts from a variety of customers for exhaust gas scrubber retrofit projects involving project management, integration design engineering, installation and retrofitting, as well as testing and commissioning works. It completed Singapore’s first scrubber retrofit installation on a Very Large Crude Carrier (VLCC) in July 2018, successfully delivering the project in under 30 days.

Keppel Shipyard has strong expertise in the cost-effective and quick turnaround of scrubber retrofit projects, reducing downtime and maximising savings for ship owners. This is achieved by embarking on design development with 3D scanning and detailed engineering, as well as fitting the complete scrubber and supporting systems in one prefabricated module, before the vessel comes into the yard for retrofitting.

The above contracts are not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

Press Releases: keppelom.com

Photo Courtesy: Keppel

The post Keppel Secures Marine Contracts Worth Around S$300m appeared first on Maritime Manual.

from WordPress http://bit.ly/2LyBof7

European Commission Welcomes Ambitious Agreement On New Rules To Reduce Marine Litter

The European Parliament and the Council of the European Union have reached a provisional political agreement on the ambitious new measures proposed by the Commission to tackle marine litter at its source, targeting the 10 plastic products most often found on our beaches as well as abandoned fishing gear.

Today’s agreement is based on the Single-use plastics proposal presented in May by the Commission as part of the world’s first comprehensive Plastics Strategy, adopted earlier this year, to protect citizens and the environment from plastic pollution whilst fostering growth and innovation. The new rules contribute to a broader effort of turning Europe into a more sustainable, circular economy, reflected in the Circular Economy Action Plan adopted in December 2015. They will place Europe’s businesses and consumers ahead as a world leader in producing and using sustainable alternatives that avoid marine litter and oceans pollution, tackling a problem with global implications.

First Vice-President Frans Timmermans, responsible for sustainable development said: “I warmly welcome today’s ambitious agreement reached on our Commission proposal to reduce single-use plastics. This agreement truly helps protect our people and our planet. Europeans are conscious that plastic waste is an enormous problem and the EU as a whole has shown true courage in addressing it, making us the global leader in tackling plastic marine litter. Equally important is, that with the solutions agreed upon today, we are also driving a new circular business model and showing the way forward to putting our economy on a more sustainable path.”

Vice-President Jyrki Katainen, responsible for jobs, growth, investment and competitiveness, added: “Tackling the plastics problem is a must. At the same time, it brings new opportunities for innovation, competitiveness and job creation. We will discuss those thoroughly with industry within the Circular Plastics Alliance. With the agreement reached today, we are showing that Europe is doing a smart economic and environmental choice and is advancing towards a new truly circular plastics economy.”

Commissioner for the environment, maritime affairs and fisheries, Karmenu Vella said: “When we have a situation where one year you can bring your fish home in a plastic bag, and the next year you are bringing that bag home in a fish, we have to work hard and work fast. So I am happy that with the agreement of today between Parliament and Council. We have taken a big stride towards reducing the amount of single-use plastic items in our economy, our ocean and ultimately our bodies.”

Different measures for different products

The new EU directive on Single-Use Plastics will be the most ambitious legal instrument at global level addressing marine litter. It envisages different measures to apply to different product categories. Where alternatives are easily available and affordable, single-use plastic products will be banned from the market, such as plastic cotton buds, cutlery, plates, straws, drink stirrers, sticks for balloons, products made of oxo-degradable plastic and food and beverage containers made of expanded polystyrene For other products, the focus is on limiting their use through a national reduction in consumption; on design and labelling requirements; and waste management/clean-up obligations for producers.

Next Steps

The provisional agreement reached today must now be formally approved by the European Parliament and the Council. Following its approval, the new Directive will be published in the EU’s Official Journal and the Member States will have to transpose it after two years.

Background

 

This initiative delivers on the commitment made in the European Plastics Strategy to tackle wasteful and damaging plastic litter through legislative action. The measures proposed will contribute to Europe’s transition towards a Circular Economy, and to reaching the United Nations Sustainable Development Goals and the EU’s climate commitments and industrial policy objectives.

In December 2015 the Juncker Commission adopted an ambitious new Circular Economy Package to help European businesses and consumers to make the transition to a stronger and more circular economy where resources are used in a more sustainable way. The Package has broken down silos in the Commission and contributes to broad political priorities by tackling climate change and the environment while boosting job creation, economic growth, investment and social fairness. It has been prepared by a core project team co-chaired by First Vice-President Frans Timmermans and Vice-President Jyrki Katainen with the close involvement of Commissioners Karmenu Vella and Elżbieta Bieńkowska. Many other Commissioners were also involved in its preparation and helped identify the most effective tools covering a wide range of policy areas.

The proposed Directive follows a similar approach to the successful 2015 Plastic Bags Directive, which brought about a rapid shift in consumer behaviour. The new measures will bring about both environmental and economic benefits, such as for example:

• avoid the emission of 3.4 million tonnes of CO2 equivalent;
• avoid environmental damages which would cost the equivalent of €22 billion by 2030;
• save consumers a projected €6.5 billion.

The Single-use plastics directive is complemented by other measures taken against marine pollution, such as the Directive on port reception facilities, on which the European Parliament and the Council just reached a provisional agreement last week. The Directive tackles waste from ships, with a focus on sea-based marine litter. It sets measures to ensure that waste generated on ships or collected at sea is always returned to land, recycled and processed in ports.

Earlier this month the European Commission launched also the “Circular Plastics Alliance” an alliance of key industry stakeholders covering the full plastics value chain as part of its persisting efforts to reduce plastics littering, increase the share of recycled plastics and stimulate market innovation. The Alliance aims to improve the economics and quality of plastics recycling in Europe, and will, in particular, strengthen the match between supply and demand for recycled plastics which is identified as the main obstacle to a well-functioning EU market of recycled plastics.

Press Releases: europa.eu

Photo Courtesy: unep.org

The post European Commission Welcomes Ambitious Agreement On New Rules To Reduce Marine Litter appeared first on Maritime Manual.

from WordPress http://bit.ly/2AfJJAa

COA Formulates Regulations To Protect Rights Of Foreign Crew Of Fishing Vessels

To protect rights and interests of foreign crew of fishing vessels and enhance control of Taiwan’s distant water fisheries, the Council of Agriculture (COA) has been actively improving legal system.

The COA has formulated the Act for Distant Water Fisheries and the National Plan of Control and Inspection for fisheries (NPCI), as well as improved the managing mechanism of monitoring, control and surveillance to improve management of distant water fisheries.

For instance, the COA has established Integrated Data System for Marine Fisheries and the 24-hour Fishing Monitoring Center (FMC), deployed more at-sea observers and staff for checking at harbors, and required distant water fishing fleets to install e-logbook.

The COA has also been actively pushing for building a tracking system for fisheries products and strengthening Taiwan’s collaboration with international fisheries to tackle illegal, unreported and unregulated (IUU) fishing and make contributions to the sustainability of marine fisheries resources.

Regarding the foreign worker rights, wage and benefits for foreign workers, on the other hand, will follow the international mechanism of labor market.

According to current regulations, each foreign crew member and fisheries operator are obligate to sign the standardized contract respectively. The standardized contract not only regulates the minimum wage, minimum insured amount of life insurance, daily rest time, and monthly rest days, but also specifies provision that fisheries operators should comply.

Meanwhile, the COA will conduct visits to foreign workers hired by Taiwan’s fishing vessels more regularly to learn about and handle cases regarding their infringement on rights and interests.

Press Releases: businesswire.com

Photo Courtesy: businesswire.com

The post COA Formulates Regulations To Protect Rights Of Foreign Crew Of Fishing Vessels appeared first on Maritime Manual.

from WordPress http://bit.ly/2SkqYT1

Photos: Suez Canal Experienced One Of The Hardest Passage Of Reared Towed Offshore Support Vessel

Admiral Mohab Mamessh, Chairman of the Suez Canal Authority, and Chairman of Suez Canal Economic Zone, stated on Thursday that the Suez Canal witnessed the passage of the oil floating Storage vessel / FIRENZE FPSO reared towed by five SCA tugs. The vessel’s trip was within the southbound convoy as she was heading from Italy to Dubai, through the new Suez Canal where special navigational aids are provided and where the route is clear of severe curves, the matter that facilitated its towage through the Canal.

Upon directives from Admiral Mameesh, all measures and arrangements that guarantee the safe and secure passage of the vessel were provided, where 6 highly trained and well-experienced pilots were assigned to her transit, and 5 large tugs were used to tow the vessel from aft, including MT/ Ezzat Adel, the biggest tug in the Middle east; thus the process formed the hardest towage in the new Suez Canal.

The vessel FIRENZE FPSO is an offshore Support Vessel, built in 1989, and sails under the flag of Italy, with overall length of 268m, beam 42.5m, total deadweight 90, 000 tons , gross tonnage 59,000 ton, and with a draught of 8.5 m.

Adm. Mameesh reaffirmed the Canal’s readiness for accommodating current and next generations of all types of vessels, which even becomes more feasible after the success of the project of the New Suez Canal that developed and promoted the capacity of the navigational waterway; by increasing dimensions, depths, draughts, of the Canal and lengthening its double by-passes so that the Canal can cope with the new requirements of the revolutionized shipbuilding industry. In addition to maximize benefit of the Canal from the expected boom in world seaborne trade traffic. Adm. Mameesh paid tribute to the SCA pilots and staff of Transit Dept. for their sincere efforts that crowned the transit of the vessel with success.

The Canal registered the passage of 55 vessels from both directions with total gross tonnage of 4.1 million tons, from them were 30 southbound vessels with gross tonnage of 2.3 million tons and 25 northbound vessels of 1.8 million tons gross tonnage capacity.

The Canal registered as well the passage of 8 big vessels each of above 150,000 gross tonnage capacity, while it registered the transit of two vessels of the category of 100,000 to 150,000 ton gross tonnage capacity.

The largest vessel of the southbound convoy was CMA CGM LOUIS BLERIOT, one of the largest container ships in the world of gross tonnage of 227,000 tons, hoisting flag of Malta, heading from Spain to Dubai, while the largest of the northbound convoy was MSC LIVORNO, German flag, with gross tonnage of 157, 000 tons heading from Singapore to Egypt.

Press Releases: suezcanal.gov.eg

Photo Courtesy: suezcanal.gov.eg

The post Photos: Suez Canal Experienced One Of The Hardest Passage Of Reared Towed Offshore Support Vessel appeared first on Maritime Manual.

from WordPress http://bit.ly/2Ab9YaP

IUMI: Leaving Fuel Testing, Damage to End User Is Outdated

This approach has become unacceptable and must be changed, according to IUMI.

The union said the motor and aviation sectors are positive examples of how the supply system works more effectively.

Governments have agreed to compel the use of certain grades of fuel for ships; they should now equally recognize it is time to oblige the refineries to do the testing – not the end user.

Refiners have argued this can be done but will be more expensive. This claim should be balanced against the cost of filtration systems and scrubbers across the world fleet, the cost of engine repairs, the increased risk of a consequent collision and pollution and by no means least, the cost of delay in deliveries, IUMI explained.

As informed, there are potential third-party safety risks as the new blends of fuels have variable properties which are not standardized — different viscosity, flash points and pour points, meaning not only is performance unpredictable, they cannot be safely mixed with other new blends of fuels. The inevitable result will be more claims as a result of combustion problems.

At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC), meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply chain.

The contamination incident which occurred in the United States Gulf ports in the summer highlighted that biofuels are not properly catered for under the International Organization for Standardization (ISO) standard 8217. They fall, at best, under the stipulation that fuels should be fit for purpose.

At least 100 ships are believed to have been affected by their supplied biodiesel fuel which contained added substances, namely fatty acid methyl esters (FAME). In many cases, this adversely affected the performance of the machinery.

Biofuel contamination shares a commonality with fuel containing too many deliberately introduced catalytic (cat) fines – in both cases, the fuel supplied is unfit for use. In the case of cat fines, the fuel is known in advance to be unusable as supplied, whereas with biofuels, deficiencies only manifest in use. If fuels are unfit, in contravention to the requirements of MARPOL Annex 6, the validity of marine insurance cover may be called into question where ships are rendered unseaworthy.

“If no remedial action is taken, there will be continued and growing expense, anticipated to be worse than the wave of cat fines claims after the SOx regulations of 2005,” IUMI pointed out.

What is more, there could be ensuing disruption to financial and social stability in a globally connected trade system. As insurance will not automatically pay for the resultant damage, the cost will inevitably be passed via the owners and charterers to the voting consumer.

Press Releases: IUMI

Photo Courtesy: IUMI

The post IUMI: Leaving Fuel Testing, Damage to End User Is Outdated appeared first on Maritime Manual.

from WordPress http://bit.ly/2CxYkIF

Gibson: A Quarter of 2018 Tanker Deliveries Slipped into Next Year

Due to weak industry returns and attractive scrap prices, owners provided some relief to the oversupplied market by turning to demolition.

This year has marked the highest number of tanker demolitions over the past fifteen years, with over 150 tankers above 25,000 dwt being sent to the recycling yards, according to Gibson’s data.

On the other hand, the situation on the supply side has been fairly slow, with over 25% of the tanker orderbook scheduled for delivery in 2018 ending up slipped into next year. Furthermore, there has been a decline in new tanker ordering activity, with investment in new tonnage falling to one of its lowest levels seen over the past decade, the shipbroker said.

“Only VLCCs bucked this trend, with new tanker ordering largely driven by speculative investment, with a focus on scrubber equipped tonnage. Nonetheless, even VLCCs have seen notable slowdown in ordering activity in the 2nd half of the year, with just 3 tankers ordered versus 34 between January and June,” Gibson added.

Due to the growing interest in scrubber technology in the VLCC segment, the shipbroker estimates that by the end of 2020 scrubber equipped VLCCs could reach over 20% of the current fleet on water.

Even though market fundamentals were bouncing back in 2018, there are some headwinds to be anticipated in 2019, mainly from the threat to demand from the OPEC production cuts, as well as substantial tanker delivery scheduled for next year.

“We will hope to see a similar slippage in 2019 delivery dates as the one witnessed this year; however, there could to be less willingness to do so, particularly for scrubber equipped tonnage. On the upside, the expectations are for further increases in long haul trade out of the Americas and higher trading demand in preparation for the IMO2020,” Gibson pointed out.

Press Releases: Gibson Shipbrokers

Photo Courtesy: Gibson Shipbrokers

The post Gibson: A Quarter of 2018 Tanker Deliveries Slipped into Next Year appeared first on Maritime Manual.

from WordPress http://bit.ly/2T8sQy5

Detained Russian Ship Kuzma Minin To Be Moved Within Falmouth Harbour

The Russian vessel Kuzma Minin is to be moved to a more sheltered spot within Falmouth Harbour later today. Three tugs and a port pilot will work with the crew in the move which is a purely precautionary measure. Although a Port State Inspection by MCA Surveyors confirmed a breach in one of the fuel tanks, there is still no reported pollution. The vessel remains under detention by the MCA and directed not to leave Falmouth Bay until acceptable repairs have been made.

Once the repairs have taken place, a follow-up inspection will be made before the vessel can be released. The vessel has full electrical and engine power, and all crew onboard are safe and well. The Secretary of State’s Representative Maritime Salvage & Intervention and the Environment Group continue to monitor the situation.

After a successful re-float the MV Kuzma Minin was assisted to a sheltered anchorage within Falmouth Bay where it will remain for the coming few days. A Port State Inspection by MCA Surveyors took place in the early evening of 18 December and confirmed a breach in one of the fuel tanks. Tank readings indicate the tank has filled with water as a consequence of the grounding, however no pollution has been reported.

The vessel has subsequently been detained by the MCA and directed not to leave Falmouth Bay until acceptable repairs have been made. Further inspections by divers and Class are also expected to take place. Once the repairs have taken place, a follow-up inspection will be made before the vessel can be released.

The vessel has full electrical and engine power, and all crew onboard are safe and well. The SOSREP is liaising with the owners of the vessel and the Marine Accident Investigation Branch (MAIB) has also been sent to Falmouth. The SOSREP, MCA, Falmouth Harbour, Cornwall County Council and the Standing Environment Group continue to liaise and monitor the situation.

Press Releases: hmcoastguard.blogspot.com

Photo Courtesy: hmcoastguard.blogspot.com

The post Detained Russian Ship Kuzma Minin To Be Moved Within Falmouth Harbour appeared first on Maritime Manual.

from WordPress http://bit.ly/2CzjZ39

Yang Ming Launches Two 14,000 TEU Ultra Large Container Vessels

Two new 14,000 TEU full-container vessels built for Yang Ming Marine Transport Corp. (Yang Ming) by Imabari Shipbuilding Co., Ltd., Japan, were named as YM Wonderland and YM Wisdom respectively at a ceremony held on 21st December, 2018. Yang Ming Chairman Bronson Hsieh, and National Ocean Taiwan University President Chang Ching Fong, were invited to the naming ceremony. Ms. Sun Lan Tien, wife of Mr. Chang Ching Fong and Ms. Wu Li Fen, wife of Yang Ming Shipping Europe GmbH Managing Director Hsu Shih Feng, were also invited to officiate the naming of the new vessels at Imabari Saijo Shipyard.

YM Wonderland and YM Wisdom are the second and the third of five 14,000 TEU full-container vessels Yang Ming chartered from Shoei Kisen Kaisha, Ltd. They are sister vessels of YM Wellbeing which was delivered to Yang Ming this October. This type of ship is designed with a nominal capacity of 14,220 TEU and is equipped with 1,000 reefer plugs. Its LOA (Length Over All) is 366.44 meters, beam 51.2 meters, summer draft 15.524 meters. The vessel can cruise at a speed up to 23 knots.

As one of Taiwan’s three leading shipping companies, and a global major container liner, Yang Ming has endeavored to efficiently expand its service coverage, calling for the addition of ten 2,800 TEU new container vessels and the charter of ten 11,000 TEU new-built vessels this year to attain a strengthened position in the industry. Yang Ming has strategically striven to make it more competitive in response to the challenge posted by the fast-changing shipping market. The addition of these new ships will enable Yang Ming to provide customers with more and better services.

YM Wonderland and YM Wisdom will be delivered to Yang Ming in February 2019 and deployed to THE Alliance Asia-Europe service. With the deployment, Yang Ming will become more competitive thanks to the wider network and more efficient delivery services.

Press Releases: yangming.com

Photo Courtesy: hafen-hamburg.de

The post Yang Ming Launches Two 14,000 TEU Ultra Large Container Vessels appeared first on Maritime Manual.

from WordPress http://bit.ly/2LzdrEB

Algoma Central Corporation Announces Ratification Of Domestic Dry-Bulk Collective Agreements

Algoma Central Corporation (“Algoma” or “the Company”), a leading provider of marine transportation services, announced that all of the Company’s domestic dry-bulk collective agreements have been ratified and will be in force until 2023. This includes four officer contracts represented by the Canadian Merchant Service Guild (“CMSG”) and unlicensed seafarer collective agreements with the Seafarer’s International Union (“SIU”) and UNIFOR.

The renewed agreements provide for competitive compensation packages and increased flexibility in crew utilization and scheduling. Changes were also made to provide greater security for customers and shipboard employees of Algoma.

“To everyone involved in this process, thank you for all of your hard work,” said Gregg Ruhl, Chief Operating Officer of Algoma. “These new agreements mean stability to not only our valued customers but to our current and future employees. We look forward to continuing our strong relationship with the unions and appreciate their support in the success of these negotiations” continued Mr. Ruhl.

“SIU members are proud to serve on Algoma vessels. This new long term labour agreement gives our members the opportunity to plan for their families’ futures and the Company confidence to invest in the industry; it’s a win-win” said Jim Given, President of the SIU.

“The shipboard officers we represent share a proud history with Algoma providing service to North American customers” said Captain Mike Burgess, President of the CMSG. “The new contracts provide the certainty required for our members to be able to concentrate on providing the quality service we are recognized for,” added Captain Burgess.

“UNIFOR seafarers are proud of the service they provide to Algoma and its customers,” said Jim MacDougall, local 4401 President. “The new agreements provide reassurance for our members and many years of certainty for the Company,” continued Mr. MacDougall.

Press Releases: algonet.com

Photo Courtesy: algonet.com

The post Algoma Central Corporation Announces Ratification Of Domestic Dry-Bulk Collective Agreements appeared first on Maritime Manual.

from WordPress http://bit.ly/2rSsYWU

Diana Shipping Inc. Announces Time Charter Contract For M/V Myrsini With Glencore

Diana Shipping Inc., (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$12,750 per day, minus a 5% commission paid to third parties, for a period of minimum ten (10) months to maximum twelve (12) months. The charter commenced on December 22, 2018. The m/v Myrsini was chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, Germany, at a gross charter rate of US$8,650 per day, minus a 5% commission paid to third parties.

The “Myrsini” is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$3.83 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.7 million dwt with a weighted average age of 9.11 years.

Press Releases: dianashippinginc.com

Photo Courtesy: Diana Shipping

The post Diana Shipping Inc. Announces Time Charter Contract For M/V Myrsini With Glencore appeared first on Maritime Manual.

from WordPress http://bit.ly/2Lzdq3v

GEFO Signs For 2+2 X 7000 dwt Stainless Steel Chemical Tankers Based On FKAB Design

This state-of-the-art FKAB design is based on GEFO’s high-quality requirements with a focus of the long-term operation, high flexibility, and very low fuel consumption based on the experience of FKAB with proven modern lines in this segment over the past years.

The stainless steel chemical tanker type II and product tanker will be equipped with 14 cargo tanks and is ready for worldwide unrestricted trade. The design is especially taking into consideration the harsh weather conditions in NW-European waters and is certified for Finnish/Swedish ice class, ICE 1A.

The propulsion system consists of a four-stroke main engine with CPP being “LNG and dual fuel ready for gas & methanol”. The vessel is designed for very low fuel consumption at eco-speed of 12,5 knots at design draught and includes output from its shaft generator.

With this FKAB design, GEFO is able to meet and adopt to the future challenges for propulsion and fuel availability and render professional service for their clients with high flexibility.

GEFO has ordered 2 firm vessels with an option on 2 more. We at FKAB are glad to work together with both GEFO and Avic Dingheng on this project.

Press Releases: fkab.com

Photo Courtesy: fkab.com

The post GEFO Signs For 2+2 X 7000 dwt Stainless Steel Chemical Tankers Based On FKAB Design appeared first on Maritime Manual.

from WordPress http://bit.ly/2rV6WmC

OSK-Shiptech Appoints Designers For New Fishery Inspection Vessel For Danish Fisheries Agency

Danish Naval Architects OSK-ShipTech A/S have been assigned by the Danish Government to design and lead the tender for a new future-proof fishery inspection vessel to replace MV Vestkysten from 1987.

With flexibility in mind, the new design will be multi-purpose and will cover service functions such as emergency towing assistance, salvage, and surveys in addition to its main purpose as fishery inspection vessel.

“We are happy to have been appointed as the designers of this new vessel for The Danish Fisheries Agency. The design and development of these special vessels is one of OSK-ShipTech’s core business areas”, says Kristian Carøe Lind, CTO of OSK-ShipTech. He continues: “We know that our RoPax and ferry designs usually draw most of the attention in the industry. Nonetheless, we have more than fifty years’ experience in designing special vessels so we are really looking forward to this project, where we can draw on all of our specialised core competencies.”

The new fishery inspection vessel is expected to have a length of approx. 60 meters and a
deadweight of 190 ton. The propulsion configuration will be optimised for the vessel’s future operation profile and is targeting a maximum speed of 18 knots.

With a design documentation process of around six months, the EU tender for the actual building of the vessel is expected to be floated during summer 2019.

Press Releases: osk-shimiptech.com

Photo Courtesy: http://osk-shiptech.com

The post OSK-Shiptech Appoints Designers For New Fishery Inspection Vessel For Danish Fisheries Agency appeared first on Maritime Manual.

from WordPress http://bit.ly/2RcC3bz

Hafnia Tankers’ Shareholders to Decide on Merger with BW in January

On January 10, 2019, an extraordinary general meeting will be held in Malmö, Sweden, during which Hafnia shareholders will consider, and if thought fit, approve, a plan of merger.

Hafnia Tankers signed a merger agreement with BW Tankers on December 21, 2018.

Under the plan, BW Tankers intends to acquire Hafnia’s assets and liabilities, contracts, rights and obligations. The shareholders of Hafnia will in the merger receive consideration for their Hafnia shares in the form of common shares of BW Tankers Limited.

The merger agreement follows the BW Group’s acquisition of an additional 36.3 pct stake in Hafnia Tankers back in July 2018, bringing the company’s total ownership stake in Hafnia to 43.5 pct.

Related: Hafnia Tankers, BW Tankers Looking into Merger
Explaining reasons for the potential merger, Hafnia Tankers said: “The management team and board believe in a future rise in freight rates across the markets in which Hafnia operates, which will in turn lead to an uplift in both valuation and institutional investor interest in the business… the combination of Hafnia and BW Tankers is the best way to meet the future developments in the market.”

“The management team expects that there will be a number of important synergies to be achieved with the combined platform, including improved terms for financing, global commercial platform with chartering teams in Singapore, Houston and Copenhagen and increased efficiency with both in-house technical (from BW Tankers) and use of third party providers,” the company added.

The combined company will have a fleet active across all relevant segments and will be one of the largest pure-play product tanker businesses in the world with a fleet of 86 vessels (including newbuilds and excluding sale and leaseback vessels).

Press Releases: BW Tanker

Photo Courtesy: BW Group

The post Hafnia Tankers’ Shareholders to Decide on Merger with BW in January appeared first on Maritime Manual.

from WordPress http://bit.ly/2rTg1fK

Moody’s Lowers MOL’s Rating over Its Large Debt

The argumentation is based on the expectation that the company will continue to borrow to invest in its growth segments, such as offshore oil and gas infrastructure and LNG carriers. The rating outlook is stable.

“We expect MOL’s debt will not decline materially over the next few years and its leverage will likely remain above our downgrade guidance of 7.0x for a Ba1 rating,” says Motoki Yanase, a Moody’s Vice President and Senior Credit Officer.

Moody’s expects a marginal improvement in profitability measured by EBIT margin over the next few years, from its growth segments, the spin-off of its volatile containership business into the Ocean Network Express (ONE) joint venture, and the gradual recovery in the market, mainly in the dry bulk and containership sectors.

According to the rating agency, ONE hasn’t benefited MOL’s profitability so far, and it will take several years to prove out. Even potential earnings improvement of the JV are likely to have a limited impact on MOL’s ability to lower leverage, given the large size of its debt.

Moody’s expects that MOL’s EBIT margin will remain in the single digits, and that any improvement in EBITDA will not be enough to lower leverage. Moody’s estimates MOL’s retained cash flow/net debt will remain in the single digits, lower than that of its global peers at the Ba or single-B levels.

Despite its weak credit metrics, MOL’s rating continues to be supported by its large scale, relatively diversified shipping segments, and well-established market presence.

The company’s fleet includes about 850 vessels, including dry bulkers, car carriers, tankers and LNG carriers, which have different business cycles and mitigate business volatility to some extent, the rating agency said, adding that these mostly unencumbered assets put the company in a better position than many of its global peers to raise funds by selling or securing assets.

Press Releases: MOL

Photo Courtesy: MOL

The post Moody’s Lowers MOL’s Rating over Its Large Debt appeared first on Maritime Manual.

from WordPress http://bit.ly/2LCyCpq

Seafarers’ Charity Provides Support For Stowaway Ship Crew

‘Stowaways held onboard cargo ship’. Behind the headlines of illegal immigrants and special force helicopters being deployed, little mention was made of the seafarers who live and work Grande Tema.

This ship docked regularly at the port of Tilbury over the years, so a visit on Saturday morning by the port chaplain, Wojciech Holub, was no surprise given the events of the past days. Wojciech, who works for seafarers’ charity Stella Maris (Apostleship of the Sea), spent time listening to the crew and providing them with data sims so they could contact loved ones.

Despite their ordeal, the crew carried on working to berth the ship at the port of Tilbury with the ensuing investigation adding to the stress of this event. Wojciech and a colleague gave the crew Christmas presents and will ensure that when the ship sails the Stella Maris port chaplain in the next port will visit the ship to see how the crew are.

The charity’s national director, Martin Foley said, ‘The stresses these seafarers faced were enormous, given the many visits our port chaplains have made to this ship in different ports around the world, I’m sure their support at this time will have been vital in dealing with this event.’

Each year Stella Maris (Apostleship of the Sea) visits over 70,000 ships around the world providing welfare services for seafarers; during 2018 they have supported crew of over 70 vessels in trauma situations.

Press Releases: apostleshipofthesea

Photo Courtesy: Flickr.com/photos/apostleshipofthesea

The post Seafarers’ Charity Provides Support For Stowaway Ship Crew appeared first on Maritime Manual.

from WordPress http://bit.ly/2rUQJhb

Höegh LNG To Provide FSRU To AGL’s Crib Point LNG Project

Höegh LNG Holdings Ltd. (“Höegh LNG”) announced that it has entered into a time charter party with AGL Shipping Pty Ltd (“AGL” or the “charterer”), a wholly owned subsidiary of AGL Energy Ltd., for the provision of a floating storage and regasification unit (“FSRU”) to facilitate its proposed Gas Import Jetty project at Crib Point, Victoria, Australia that is targeting startup in 2020 – 2021 (the “project”).

The charter is for a period of 10 years and remains conditional on the board of directors of AGL Energy Ltd. taking a final investment decision in relation to the project and receipt by the charterer of key environmental project approvals. The FSRU assigned to the project is expected to generate annual EBITDA of between USD 29 million and USD 31 million depending on planned technical modifications that may be specified by AGL before project start-up.

Höegh LNG’s President and Chief Executive Officer, Sveinung J. S. Støhle, said in a comment: “We are delighted to have been awarded the contract with AGL for their new LNG import project in Victoria, Australia. Our modern FSRU solutions offer our clients the quickest, most cost-efficient and most flexible method of connecting a new market to global LNG trade. Höegh LNG looks forward to delivering its best-in-class floating import infrastructure to highly credible counterparts in the high-potential Australian LNG market.”

Press Releases: hoeghlng.com

Photo Courtesy: english.hhi.co.kr

The post Höegh LNG To Provide FSRU To AGL’s Crib Point LNG Project appeared first on Maritime Manual.

from WordPress http://bit.ly/2ReojNf

DFDS Expands Cooperation With Turkish Ekol Logistics

DFDS and Ekol Logistics, a leading Turkish transport company in the market between Turkey and Europe, have today agreed to significantly expand their cooperation.

The agreement covers sea transport of trailers between Istanbul in Turkey and Trieste in Italy and DFDS expects it to increase our volumes of freight units in the Mediterranean by close to 30 %.

To accommodate those extra volumes, DFDS will expand terminal capacities. “I am very pleased to inform that we have signed a contract for the use of a recently built RoRo terminal in Yalova southeast of Istanbul. This is a very important move to effectively reduce constraints in terminal capacity so we can ensure a more frictionless flow for our customers. Adding calls to Yalova also provides a wider geographic coverage for our many customers in and around Istanbul,” says Peder Gellert, Executive Vice President and Head of DFDS’ Shipping Division.

DFDS will also increase ships capacity by allocating further ships to this market, including two new freight ferries to be delivered from a Chinese shipyard in the early part of 2019. The ships will be the largest ever in DFDS’ fleet and offer space for 450 trailers each.

“I am really happy that we are able to extend our service to the hauliers and logistics providers trading between Turkey and the EU. We have a strong belief in the potential of this trade which links some of the world’s largest and most dynamic industrial regions, and we will continue to invest in providing an even more robust and reliable supply chain that support growth and jobs on both sides also in the future,” says Peder Gellert.

Selçuk Boztepe, Senior Vice President and Head of DFDS’ Business Unit Mediterranean, adds: “Since DFDS’ investment in the Turkish company U.N Ro-Ro in June 2018, we have already invested in lengthening of the ships to provide more capacity for our customers and in environmental equipment to adapt the fleet to new 2020 legislation. DFDS has also established a new IT development center in Istanbul adding new colleagues to DFDS in Turkey. With this new customer agreement and increased capacity in the fleet and ports, DFDS will continue to support Turkish exports and transport industries,” he says.

Press Releases: dfds.com

Photo Courtesy: dfds.com

The post DFDS Expands Cooperation With Turkish Ekol Logistics appeared first on Maritime Manual.

from WordPress http://bit.ly/2GFHfQY