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Friday, February 15, 2019

Baltic News

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…

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…

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: 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…

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: 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…

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…

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: 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…

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: STM Validation

BIMCO Adopts STM-Clause

The the international shipping associations representing shipowners Baltic and International Maritime Council (BIMCO) adopted a Sea Traffic Management (STM) Clause-clause for standard contracts.STM Clause is the nine industry actors launched a new common governance initiative, the first shore centre outside a project joined the STM community. "We received positive response from many of the around 200 active test ships and most of the 500 bridge officers who manned the simulator bridges during the STM test scenarios.…

Crowley's LNG fueled con/ro ship El Coqui, arriving at Puerto Rico for the first time. (Photo courtesy Crowley)

For JAXPORT, LNG Spells Success

‘A thousand firsts’ and a constantly growing list of players underscores the rapid development of LNG as a fuel – especially along the East Coast of the United States.Click on the headlines for the phrase “LNG Bunkering” and you immediately learn that it is an industry of a thousand firsts and a constantly growing list of players.“Russia's Novatek ships first LNG cargo to China via Arctic; Yamal LNG ships first LNG cargo to Spain; Qatar ships first LNG to Japan, signs accord; Japan orders its first LNG bunker vessel…

Photo: CMA CGM

CMA CGM Takes Delivery of First LNG-Powered Vessel

The CMA CGM Group, a leading shipping group, has announced its subsidiary Containerships, an expert in Intra-Europe which it acquired in October, took delivery on December 12th of its first container ship powered by liquefied natural gas (LNG), the Containerships Nord.With Containerships, the CMA CGM Group reasserts its ambition for LNGThe 1,400-TEU (Twenty-foot Equivalent Unit) Containerships Nord  is the first of an order for four LNG-powered container ships. The following vessels…

Photo: The “Shipdex Executive Members” Group

BIMCO Pushes for Shipdex

The Baltic and International Maritime Council (BIMCO) and MAN Energy Solutions hosted a conference for software suppliers delivering Computerised Maintenance Management Systems (CMMS) to expand the use of Shipdex.Shipdex is the standard protocol for exchanging technical data - such as manuals – electronically between supplier and ships directly, cutting the need for huge stacks of - often outdated - paper manuals.“Honestly, we would have liked to see more suppliers for the conference.

File Image / Credit AdobeStock © Lucasz Z

Stronger Capesize Demand Propels Baltic Index Still Higher

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, rose for the fifth straight session on Monday, buoyed by stronger capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 13 points, or about 1 percent, to 1,385 points.The capesize index climbed 2.1 percent, or 47 points, to 2,244 points, highest since Nov. 6. Average daily earnings for capesizes, which typically transport 170…

File Image: CREDIT: Port of Portland, UK

Baltic Index Slips on Weaker Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, slipped on Wednesday as capesize vessel rates declined.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 0.8 percent, to 1,353 points.The capesize index fell 30 points, or 1.4 percent, to 2,153 points. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, decreased by $269 to $16,808.The panamax index dipped 9 points, or 0.6 percent, to 1,445 points.

An LNG bunkering bunkering truck at the port of Rotterdam (CREDIT: Port of Rotterdam

No Turning Back

A multidisciplinary Rolls-Royce man is helping LNG’s rise on the water and ashore. For LNG, the future is now.At the heart of Europe’s growing marine supply chain for liquefied natural gas is a man with a degree in anthropology but steeped in engineering and business. Oscar Kallerdahl is Rolls-Royce Marine’s vice-president of LNG systems, and he’s the company’s production, purchasing, engineering and finance lead for getting gas engines aboard vessels.Kallerdahl has 10 years of experience overseeing LNG propulsion projects in Norway and four in Korea.

File Image / AdobeStock / © Lidian Neeleman

Baltic Index Snaps Winning Streak as Capesize, Panamax Rates Sag

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, marked its first decline in last six sessions on Tuesday, weighed down by weaker demand for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 21 points, or 1.5 percent, to 1,364 points.The capesize index snapped its five-day winning streak and dropped 2.7 percent, or 61 points, to 2,183 points. Average daily earnings for capesizes…

File Image: AdobeStock / © Leonid Ermeychuk

Stronger Capesize Demand Propels Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, gained on Friday supported by a jump in capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 36 points, or 2.6 percent, to 1,401 points.The capesize index rose 203 points, or 9.3 percent, to 2,383 points. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal…

Yoshihisa Suzuki. Photo: Gazprom

Gazprom, Itochu Sign MoU on Baltic LNG

Russian oil and gas company Gazprom and Japanese trading house Itochu have signed a memorandum of understanding (MoU) on the proposed Baltic liquefied natural gas (LNG) export project."With this document, the parties confirmed their interest in potential cooperation in the framework of the project," said a press note from the Russian gas giant.A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, took place in St.

File Image / AdobeStock / © Lucaz Z

Baltic Index Slips from 6-week Highs

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, on Tuesday retraced from its six-week high in the previous session, weighed down by declines in capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 11 points, or 0.8 percent, to land at 1,395 points. The index had touched its highest in six weeks in the previous session on Monday.The capesize index lost 40 points, or 1.6 percent, to 2,393 points.