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Friday, April 19, 2019

Baltic News

Peter Sand, BIMCO

“It’s the steel production, stupid!”

BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia.Chinese steel production grew by a massive 12.6 million tonnes (+9.2%) in the first two months on 2019 as estimated by China Iron and Steel Association (CISA).

Photo: Nauticor

Nauticor Supplies LNG via STS

On April 15th, 2019, a large bunker supply vessel (BSV) for liquefied natural gas (LNG) “Kairos” provided LNG in a ship-to-ship bunker operation to a product tanker. “Fure Valö”, a vessel of the tanker pool managed by the Gothia Tanker Alliance, received LNG at the anchorage area of Sandhamn, near the Swedish capital of Stockholm. The bunker operation was the first offshore ship-to-ship operation that was conducted by the 117 meter long BSV.The bunker operation was conducted under an agreement for the supply of LNG…

Image: Wagenborg

Alaskaborg Completes Special Voyage

Netherlands-based maritime transport solutions provider Royal Wagenborg said that its vessel m.v. Alaskaborg completed a special voyage from the Baltic to the Far East.The 15,750 DWT geared vessel from the Wagenborg fleet combined a bulk cargo and project cargo in both box-shaped holds. With this voyage, the m.v. Alaskaborg again demonstrates the flexibility and possibilities of the Wagenborg fleet.First in Tornio, Finland, the ice-classed Alaskaborg loaded 13.000 tonnes of ferrochrome.

© Ralf Gosch/Adobe Stock

Containershipping: Restoring Balance

The repositioning of empty containers costs the liner industry an estimated $15-20billion every year according to Boston Consulting Group (BCG), as containers sit idle at a depot or are repositioned to a different loading point while empty. This is time spent not earning revenue, whil incurring additional costs, and is estimated by BCG to account for 5-8% of total operating costs for an average container liner. These expenses can include inland repositioning by rail or road onto a different port or terminal…

Pic: Macquarie Group Limited

PSA, Partners Jointly Acquire Gdańsk

Singapore-based port operator PSA International, Poland’s sovereign wealth fund PFR, and IFM Global Infrastructure Fund (GIF), have agreed a deal with Australian infrastructure firm Macquarie to buy Poland’s largest container port DCT Gdansk.DCT Gdańsk is situated at the crossroads of the Baltic deep-sea trading routes and holds a strategic position as a major gateway into Poland and Central-Eastern European markets.Construction of the Port began in 2005 with the outgoing shareholders…

Adam Goldstein (Photo: CLIA)

Global Cruise Industry Out in Front on Sustainability

The Cruise Lines International Association (CLIA) has underscored the global cruise industry’s commitment to sustainability work in keynote speeches delivered by CLIA Chair Adam Goldstein to The Economist’s 2019 World Ocean Summit in Abu Dhabi, and in Berlin at ITB, a leading travel trade show.In his remarks, Goldstein highlighted the importance marrying growth opportunities with sustainability: “The water around and below us, the air above us, the communities around us, the people who work for us…

© Auttapon Moonsawad/AdobeStock

Brazilian Soya Bean Exports Soar

According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO, 2019 has seen the highest ever export of soya bean during the month of February. Exports totaled 6.1 million tonnes, a 112.6% increase from the 2.9 million tonnes exported in February 2018. Strong demand, in particular from China, the world’s largest soya bean importer…

Hapag-Lloyd: Expedition Fleet to Cruise Without Heavy Oil

Together with the introduction of new expedition cruise catalogues for the 2020-2021 season. Hapag-Lloyd Cruises has also announced that low-pollutant marine gas oil (MGO) will be used exclusively on all routes sailed by its expedition ships in the fleet - the HANSEATIC nature, the HANSEATIC inspiration and the BREMEN from July 2020. Joining the fleet in 2021, the HANSEATIC spirit will also use this fuel.The use of low-sulphur fuels in the Antarctic has been mandatory for several years and already Hapag-Lloyd Cruises uses marine gas oil voluntarily in other sensitive regions…

Photo: Port of Kiel

Port of Kiel: More than 2.2 mln Passengers This Year

The economic importance of nautical tourism for Schleswig-Holstein is continuing to increase. More than 2.2 million passengers are expected in the port of Kiel alone this year, forecasting record numbers like 600,000 cruise passengers and 1.6 million ferry travelers.Last year, passengers generated a turnover of about 68 million Euros in Kiel. The consumer spending of the port’s ferry passengers amounts to more than 53 million Euros. These are complemented by another 15 million Euros spent by cruise passengers and the crews.

Image: Alfons Håkans

Alfons Håkans Orders Two Ice Class Tugs

Alfons Hakans AS, a provider of tugboat services, has signed a contract about two ice class 67-ton bollard pull ASD tugs with Sanmar shipyard in Turkey.Technical specifications with drawings are done in co-operation with Canadian Robert Allan Ltd, said a press release from the towage operator with decades of regional expertise in Northern Baltic Sea region.These new-buildings are the first icebreaking escort tugs made for a private actor to arrive in Finland. The design project combines Alfons Håkans’ and Robert Allan Ltd.’s experience of icebreaking…

File Pic: Navios Maritime Containers

Navios Names Two Directors

Monaco-based seaborne shipping company Navios Maritime Containers  announced the appointment of Stefan Kuch and Vasilios Mouyis to its Board of Directors.The owner and operator of container ships informed that Kuch has over 32 years of experience in finance and ship finance, having served in senior leadership positions in the shipping division of Commerzbank AG, one of Germany’s leading financial institutions.He also served as Managing Director of Hanseatic Ship Asset Management GmbH, a vessel-owning company within the Commerzbank Group.

Image: Silja Line

Cruise Industry Provides 12.5K Jobs in Baltic

The cruise industry in the Baltic Sea does more than provide rest and unique excursions for thousands of cruise guests, it also supports over 12,500 jobs in the region, according to a new study.More people than ever before are cruising in the Baltic Sea, and that is showing on the positive economic impact in the region. According to a new Economic Impact Study, the cruise industry generated a total output of EUR 1.5 billion in 2018, which supported exactly 12,595 total jobs in the Baltic region.Of the EUR 1.5 billion…

Image: Eurogate

Eurogate Container Volumes Stable in 2018

Despite the persistently challenging market environment, German terminal operator Eurogate managed to close the 2018 financial year with stable container handling volumes.In 2018, the Bremen-based group managed to handle a total of 14.1 million TEUs at its twelve locations in and around Europe.The volume of intermodal container transports increased by 2.8 per cent to around 1.05 million TEUs.At the Eurogate Group’s five German terminals, the previous year’s handling figures were confirmed.

M/S Antonia is equipped with two heavy lift cranes and tweendecks. Pic: Meriaura.

Meriaura Signs Five New TC Agreements

Finnish shipping company Meriaura has signed new time charter-in agreements covering five vessels.The five vessels that will join the company’s fleet include a deck cargo carrier, two multipurpose-heavy lift dry cargo vessels and two traditional dry bulk carriers said a press note from Meriaura, specializing in the transport of industrial raw materials and project cargo on the Baltic Sea and in Europe.M/S Enough Talk is a deck cargo carrier of the same type and size as Meriaura’s deck cargo carriers Aura and Meri.

Pic: M/S Containerships Nord photographed being prepared for her first Marine LNG bunkering.

Containerships Nord Completes 1st LNG Bunkering

CMA CGM subsidiary Containerships said that its first LNG-fuelled container vessel, M/S Containerships Nord, successfully underwent her first Marine LNG bunkering at the Port of Rotterdam.Around 240 metric tons of Marine LNG was bunkered to the vessel – an amount that can take her on a roundtrip from Rotterdam to St. Petersburg and back sailing through the Kiel canal twice.The first bunkering was carried out at lay bay berth in a ship-to-ship LNG bunkering operation from Shell’s Bunker Vessel, the Cardissa.

Image: Polskie LNG SA

Polskie LNG Gets Permits for Terminal Expansion

Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program.The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of the Special Act on the LNG Terminal).The Expansion Program of President Lech Kaczyński's LNG Terminal is implemented as scheduled."The environmental…

Graphic: Freightos

Weekly Freightos Baltic Index Update

Highlights of the Freightos Weekly Baltic Index Report ...Just as the January 1 GRIs were losing traction, the mid-month round lifted transpacific prices back up again. The net impact was a 4% week on week rise for both lanes. China-West Coast went up from $2,031 to $2,110, and China-East Cost went up from $3,171 to $3,292.Having lost ground following January 1’s GRIs, the mid-month GRI picked up transpacific prices again. The net effect of dipping, then rising prices last week…

Image: SEA\LNG

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

 Image: MacAndrews

CMA CGM Unifies Containerships and MacAndrews Brands

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

Photo: Port of Kiel

Port of Kiel: Passenger Volume Up, Cargo Down

More than 2.2 million passengers and again over 7 million cargo tons handledKiel continues to pursue its growth course in passenger traffic posting a 4.2 % increase with 2.2 million travelers. At the same time, the port’s cargo sector was unable to match the top results of the reference period (2017: 7.4 million tons, +14.3 %). The handling performance decreased by 3.5 % to 7.15 tons of cargo in 2018. In order to further improve the port’s infrastructure, investment activities have accelerated once again.

Image: Freeport of Riga

Port of Riga Set to Double Number of Cruise Ships

Over almost half a century, the cruise industry has experienced dynamic growth, initially driven by the demand for cruise travels in North America and the recent demand in Europe and rest of the world, especially China and Australia.The demand for cruise ships in regions of the world has increased from 23.34 million passengers in 2014 to 26.76 million passengers in 2017. Market trends suggest that the number of cruise passengers world-wide may increase by another third by 2030…

New Appointments to Baltic Exchange Council

The Baltic Exchange has announced three new appointments to the Baltic Exchange Council (BEC), the governing body which oversees the Baltic's strategy for membership services, social responsibility, charities and its relationship with its members, governments, regulatory bodies and the global shipping community.Baltic Exchange members Guy Hindley (Howe Robinson), Denis Petropoulos (Braemar Shipping Services) and Andy James (China Navigation) have joined the Council. Lambros Varnavides and John Hadjipateras have stepped down from the Council…

Image: Bunker One

Bunker One Expands to Germany

Denmark-based marine fuel supplier Bunker One has announced the establishment of a new physical bunker entity, serving the German market.Bunker Holding subsidiary said that the business activities of the new entity Bunker One (Germany) GmbH will be concentrated on supplying marine fuel products and other related services to ferry- container- and other commercial vessels in all ports at the German North Sea and Baltic Sea regions with base in Rostock, Kiel and Hamburg.To benefit…

Richard Greiner (Photo: Moore Stephens)

Moore Stephens: Leaner, Greener Shipping Will Attract Investment in 2019

Accountant and shipping adviser Moore Stephens says shipping will continue to attract investors in 2019 if it fulfills its ESG (environmental, social and governance) responsibilities.In the latest issue of Bottom Line, the Moore Stephens shipping sector newsletter, Richard Greiner, a partner in the firm’s Shipping & Transport team, says, “It has been suggested that the future is very much like the present, only longer. Should that prove to be the case for the shipping industry…

File Image / AdobeStock / © Burnel11

Sovcomflot Orders Three LNG-fueled Tankers from Zvezda Shipyard

On December 28, 2018, Sovcomflot (SCF Group) placed an order at Zvezda shipbuilding complex for construction of three new generation product carriers that use cleaner-burning LNG fuel as their primary fuel.Three MR-class vessels will have a deadweight (DWT) of 51,000 tonnes each. They will transport petroleum products and gas condensate and will be chartered to Novatek under long-term time charter agreements. Each tanker will have an ice class of 1B, enabling safe operations in areas with challenging ice conditions, including the Baltic.Using LNG fuel enables to significantly reduce emissions.

Zvi Schreiber, CEO and founder of Freightos  (Photo: Freightos)

Advancing Digitization in Shipping

CMA CGM becomes the first ocean carrier listed on Freightos. Global freight moves towards the ‘one-stop shopping’ standard.CMA CGM Group and global online freight marketplace company Freightos have established an ambitious pilot agreement whereby CMA CGM has become the first ocean carrier listed on Freightos. Online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes are available on the platform, with further extension to additional lanes planned in the near future.For its part…