28845 members and growing – the largest networking group in the maritime industry!

LoginJoin

Monday, March 8, 2021

Australia News

© Björn Wylezich / Adobe Stock

Baltic Exchange Adds LNG Powered Seaborne Gas Assessments

A new set of independent indices for the liquified natural gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulphur Fuel Oil (VLSFO). Historical data for the new indices will be available dating…

Shipbroker IFCHOR Announces New Hires

Recent strategic hires by IFCHOR will support the global shipbroker’s continued growth, with Giandomenico "Giando" Dormio, formerly managing director of SSY Zug and Geneva, the latest addition to the team. He brings over 25 years of experience of the dry bulk markets to IFCHOR’s Handysize/Ultramax and Panamax desks.Swiss-headquartered IFCHOR’s Handysize/Ultramax activity is led by Sinan Solak, Mark Harder in Lausanne and Sabrina Qian in Singapore, who will work closely with Giando Dormio as he establishes a new IFCHOR office in Zug.

© sunflowerey / Adobe Stock

Op/Ed: China's Import Bans Are a Diplomacy Fail

As Australian producers scramble to find markets for goods hit by Chinese import restrictions, it might look as though China is winning the diplomatic war.But the current situation is a diplomacy fail for China as much as for Australia.What products have been banned?In recent months, China has imposed restrictions on an array of Australian imports including lobsters, beef and timber as part of a deteriorating relationship summarized in a list of grievances against Australia.This has hurt some Australian products, such as wine and barley, which have struggled to find equally lucrative markets.

Mike Corrigan, CEO, INTERFERRY

VIDEO: Profiles in Training - Mike Corrigan, CEO, INTERFERRY

Mike Corrigan, the ubiquitous leader of Interferry, has a broad base of energy and maritime industry experience, including his stint as CEO of BC Ferries. Corrigan shares with Maritime Reporter & Engineering News his thoughts on a broad range of issues facing the ferry industry: COVID-19, emerging international regulations, and yes, maritime training and education initiatives throughout the world ferry industry.Looking back to your tenure atop BC Ferries, can you discuss this through a training and education lens?At BC Ferries, safety and training was an integral part of my role and passion.

© Ben / Adobe Stock

Australia's Exporters Weather China Squall, Find New Harbors

Australia’s trade surplus rose to a six-month high in December as iron ore exports to China easily weathered diplomatic squalls between the two countries, while coal shipments found new buyers beyond the world’s second-largest economy.China’s reliance on steel-intensive infrastructure and construction to sustain economic growth means it has little choice but to keep importing Australian iron ore, even as prices for the mineral hit multi-year highs.Data from the Australian Bureau of Statistics out on Thursday showed goods exports to China jumped 21% in December to a six-month high of A$13.3 bil

Teresa Peacock (Photo: Spinnaker Global)

Teresa Peacock Joins Dryad Global as Non-executive Director

Maritime security risk management firm Dryad Global announced Tuesday it has appointed Teresa Peacock as its first non-executive director.Peacock is currently managing director at maritime staffing and recruitment firm Spinnaker Global and a member of the Maritime UK’s Diversity Taskforce, a board member of the Women's International Shipping & Trading Association (WISTA UK) and a part of the All Party Parliamentary Group for Women and Work. Her experience spans a career in recruitment of over 30 years…

Austal Australia has launched the VOLTA series of electric-powered high speed ferry solutions, with the introduction of the Passenger Express 46V, a fully electric-powered 46-meter catamaran ferry design. (Image: Austal)

Austal Launches 46m Fully Electric Ferry Design

Austal Australia launched the VOLTA series of electric-powered high speed ferry solutions, with the introduction of the Passenger Express 46V, a fully electric-powered 46-meter catamaran ferry design.The VOLTA series is distinct in the burgeoning market for electric vessels as it offers a completely integrated design, construction and support solution, including on-shore charging infrastructure and in-service support programs for operators.The series combines a light-weight, low-resistance hull forms…

© Parilov / Adobe Stock

China's Ban on Australian Coal Forces Trade Flows to Realign

China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal, used mainly in power plants, while Australia is the biggest shipper of coking coal, used to make steel, and the number two in thermal coal.China is the world's biggest coal importer, while India ranks second.China's major coal supplier was Australia…

Port Hedland- Credit:Adwo/AdobeStock

Iron Ore Shipments from Australia's Port Hedland to China Rise 16%

Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather-related shutdown, the Pilbara Ports Authority said on Friday. Iron ore exports to China rose to 40.0 million tonnes from 34.44 million tonnes in November, data from the authority showed. Total iron ore exports from Port Hedland rose to 46.5 million tonnes from 41.61 million tonnes in November. Strong shipments from the world's largest iron ore export…

© jeayesy / Adobe Stock

Australian Exports Feel China Chill

Australia's trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.Other data out on Thursday showed Australia's property market roaring back to life with approvals to build new houses hitting the highest in two decades.Figures from the Australian Bureau of Statistics showed the country's trade surplus contracted to A$5 billion ($3.90 billion) in November, from A$6.6 billion the month before.Overall exports rose 3% in the month…

© lesniewski/AdobeStock

As the Seafarer Crisis Continues, MSC Calls for Bulk Carrier Anastasia Resolution

The bulk carrier Anastasia, stuck off the coast of China with crew change request unheeded since mid-2020, has become a rallying point for MSC in urging governments to work together to find a solution.MSC Mediterranean Shipping Company is calling for an urgent crew change solution for the bulk carrier Anastasia, which is stuck off the coast of northern China, and is among dozens of ships in a waiting line near the port of Caofeidian.According to the company, MSC has repeatedly requested that the seafarers onboard should be relieved to return home to their families.

Copyright Eugene/AdobeStock

Top Maritime Trends 2020: Owners and Operators can Do the Right Thing for Seafarers

Due to a confluence of factors, COVID-19 has adversely impacted merchant mariners more than virtually any other profession. The merchant marine is an international profession from a wide variety of countries, so there is no one nation standing up to represent them.The ships on which they sail are registered in numerous nations, heavily weighted toward small countries with limited influence on the world stage. The ports at which the vessels call tend to be more concerned about the health of the local community than the welfare of seafarers…

© masterskuz55 / Adobe Stock

Baltic Index Dips as Capesizes Slide to Near 6-month Low

The Baltic Exchange's main sea freight index fell on Tuesday, as concerns over trade frictions between Australia and China on coal shipments sent capesize rates to a near six-month low.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down by 41 points or 3.5%, to 1,121, its lowest since Nov. 18.The capesize index was down 140 points, or about 10%, at 1,279, a trough since June 10.Average daily earnings for capesizes, which typically transport 150…

(Photo: Glencore)

Glencore Boss Glasenberg Steps Down, Nagle Named CEO

Glencore boss Ivan Glasenberg is to step down next year and Gary Nagle, head of coal assets at the mining and trading group, will become the new CEO.Glasenberg's departure will mark a shift to a new, younger leadership for the business, which, along with other mining companies, has faced increasing pressure from investors to cut carbon emissions.Glasenberg, 63, has been chief executive since 2002 and investors have been expecting a succession plan after several senior members…

© xiao / Adobe Stock

China Says Coal Imports Failed Environment Standards

Some coal imported into China had failed to meet environmental standards, a foreign ministry spokesman said on Wednesday in response to reports of dozens of shipments of Australian coal stalled in Chinese ports."In recent years Chinese customs have conducted risk monitoring assessments on the safety and quality of imported coal, and we found that many coal imports have failed to meet environmental standards," foreign ministry spokesman Zhao Lijian said when asked about the Australian…

Simon Judson (Photo: Peters & May)

Peters & May Appoints Judson as CEO

Marine transport and logistics provider Peters & May has appointed Simon Judson as its new CEO with immediate effect. A 20-year veteran of the marine industry, Judson previously held the position of Global Operations Director with the company. He joined the company in 2009 when Peters & May purchased Judson’s own marine logistics and yacht transportation company, Complete Freight.Based in the U.K. head office, Judson will oversee the company’s range of services currently delivered through 10 company offices and a network of global agents.

(Photo: Fortescue Metals Group)

Fortescue Assessing Green Ammonia Plant in Australia's Tasmania

Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.The project would include a 250-megawatt hydrogen plant at the Bell Bay Industrial Precinct with green ammonia production capacity of 250,000 tonnes per year for domestic and international export, Fortescue said in a statement.Bell Bay is about 41 km (26 miles) northwest of the city of Launceston.The project is targeted for an investment decision by the Fortescue Board in 2021…

Prof. Hill attended his first Oceanology International Exhibition in Brigthon as a research student at Bangor University’s Marine Science Laboratories. Photo courtesy NOCS

Oi 50th "Voices": Professor Edward Hill, OBE, Chief Executive, National Oceanography Centre

Oceanology International, the world's largest exhibition and conference for the subsea sector, was originally scheduled for March 2020, subsequently rescheduled to December 2020 due to COVID-19. The organizers last month announced the need to take this iconic event 100% virtual due to the lingering pandemic. Below are insights from Professor Edward Hill, Chief Executive, NOCS, as published in the "Oi 50th Anniversary Edition", published by Marine Technology Reporter and included with the November/December 2020 edition.

Suba Sivandran (Photo: BMT)

Sivandran Named Managing Director of BMT Asia

Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex, emerging markets including defense, offshore renewable energy and marine infrastructure engineering and advisory offerings.With more than a decade of consulting experience throughout Europe and the APAC region…

Peter Behrendt (Photo: BMT)

BMT Names Behrendt Global Strategy and Innovation Director

Multidisciplinary engineering firm BMT said it has appointed Peter Behrendt as its global Director of Strategy and Innovation.Behrendt joined BMT in 2017 as Managing Director for the Australian Defense and Security business, a role that he has now handed over to Chelly Litster, who has been with BMT since the acquisition of Effectiva in 2018.Behrendt's background includes operational, commercial, and business development positions within leading international companies, including spending nine-years with SAAB.

Image courtesy ABS

Digitizing Risk-based Integrity Management of FPSOs

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President, Global Offshore, discusses how digitalization can increase safety, reduce costs, and build robust technical and operational capabilities.No one could have predicted what a challenging year 2020 would become. Offshore production activity fluctuated dramatically with changing market economics and a global pandemic…

© William / Adobe Stock

China Has Reportedly Banned Australian Coal Imports

Australia is investigating media reports that China has stopped taking its coal shipments, Prime Minister Scott Morrison said on Tuesday, adding that such import quotas to support China's market were "not uncommon".Trade industry reports late last week suggested that some Chinese ports had been told not to accept Australian thermal and metallurgical coal, and that Australian shipments were being sold along to other markets at the last minute.China's imports of coal had been expected to slow in the second half…

Emily Penn at the helm. © Eleanor Church Larkrise Pictures

A look inside Emily Penn’s eXXpedition

Emily Penn is an ocean advocate and co-founder of eXXpedition. As an artist, skipper and marine explorer, she is leading the world's newest crew of superheroes: those dedicated to saving our planet. Born and raised in England, Penn grew up sailing and was trained as an architect at the University of Cambridge—a career that would pan out very differently than she imagined. Today, with 12 years of action and outreach under her belt, Penn takes an approach to solving our ocean crises that emphasizes collaboration…

© WidiWuryan/AdobeStock

BIMCO Analyzes Stall in China Coal Imports

Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through April has been replaced with monthly coal import growth rates in May through August below the levels recorded in the same months of 2019.This year’s coal import volumes have seen the lowest growth rate in the past three years. In the first eight months of this year…

© 169169 / Adobe Stock

How the Major Dry Bulk Commodities Drive the Freight Market into Q4

The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market, as we enter the final quarter of the year.Iron ore…has without question performed well this year, on occasion even better than gold, driven by the robust demand generated by China, as the world’s leading iron ore consumer.

The Royal Bahrain Naval Force coalition ship, RBNS Al Muharraq, operates in the Arabian Gulf during a sentry patrol as part of the International Maritime Security Construct (IMSC). The IMSC maintains the freedom of navigation, international law, and free flow of commerce to support regional stability and security of the maritime commons. (Royal Bahrain Naval Force Courtesy Photo).

On Watch: International Coalition Monitors, Protects Middle East Shipping Lanes

The International Maritime Security Construct (IMSC) was created July 2019 as a way to deter unprofessional behavior in the waters of the Middle East region through its operational arm, Coalition Task Force (CTF) Sentinel.The IMSC comprises eight nations – Albania, Australia, Bahrain, Saudi Arabia, Lithuania, United Arab Emirates, United Kingdom and United States – who deploy personnel, ships and aircraft throughout the region as part of the international surveillance and detection effort.Since establishing CTF Sentinel…