Phantom Buyers in Russia, Advice from Iran Help Venezuela Skirt Sanctions
On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela’s coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company’s internal documents.Yet no tanker with that name is registered in major global shipping databases.Muddying the situation further, the unique identifier for the Otoman listed in the documents - a number used by the International Maritime Organization to identify ships - was assigned to another tanker called the Rubyni, according to the databases.The Rubyni was broken up two years ago, they record.
Coronavirus Disrupts Supply of Ships and Demand -BIMCO
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO.Contracting activity has fallen, demolition activity, which had been high, is now being limited by restrictions around the world and deliveries of new vessels are delayed.“The coronavirus has certainty replaced the IMO 2020 sulphur regulation as the talking point of the year.
Outlook for India's Ship-breaking Turns Negative
The outlook for India's ship-breaking industry has turned negative amid volatile scrap prices and a falling rupee, says ICRA.The country's ship-breaking activity, while tepid during CY2019 due to subdued demand and depressed scrap prices, gathered momentum at the start of CY2020 following the implementation of the International Maritime Organization (IMO) sulphur cap regulations from January 2020. But weakness in the international shipping markets further aggravated by the coronavirus has since dampened sentiments.
DSC Dredge’s Sinunu Represents US at Indo-Pacific
DSC Dredge’s Director of International Dredge Sales, Charles Sinunu, was invited to US Ambassador Miller’s residence to attend the opening reception celebrating the official launch of the US-Bangladesh Trade Show 2020 in Dhaka, Bangladesh. Chargé d'affaires Wagner inaugurated the 27th U.S. Trade Show, and in her opening highlighted the great American products available in Bangladesh and the strong partnership between U.S. and Bangladeshi businesses. Amongst these was the new partnership…
HR Lines Launches New Feeder Service
HR Lines Limited announced it will launch a fixed day of the week user feeder service between Bangladesh, Singapore and Malaysia.The new Bangladesh Express Service (BES) will provide fixed day weekly port calls between Chattogram, Singapore and Port Klang.HR Lines will deploy its two Bangladesh flagged 1,550 TEUs containerships Sahare and Sarera to service this route. Advance Container Lines (ACL) is the commercial manager for the service.Maiden sailing from Chattogram of BES is scheduled on April 5…
CEVA Logistics Opens Offices in Bangladesh
As part of its expansion in the emerging Southeast Asian markets, CEVA Logistics has officially opened its own offices in Dhaka and Chittagong, Bangladesh.In line with its regional development strategy, CEVA has decided to open its own offices with a fully staffed team in order to meet the country’s continuing economic expansion and increasing demand for exports.A head office located in downtown Dhaka is complemented by an operational office in Chittagong, Bangladesh’s second largest city and main maritime gateway.
Coronavirus Slows China's Belt and Road Push
When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus.Travel restrictions to prevent the spread of the disease, which has now killed more than 1,800 people, have idled much of the world's second-largest economy and choked key elements of Xi's signature Belt and Road Initiative (BRI).Chinese workers cannot get to overseas projects…
Asia Boosts IMO Technical Cooperation
The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok,The workshop was designed to support maritime technical cooperation activities in the region.The workshop brought together officials from transport ministries, responsible for maritime affairs, and finance ministries, responsible for official development assistance.
Maersk India Trade Report Q3 2019
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…
Bahri Looks to Make LNG Foray
Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…
India Accedes to Ship Recycling Convention
India, one of the world's five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling.India's accession brings this important convention a significant step closer to entering into force, with the required 15 States now party to it and with India's ship recycling volume considerably contributing to the required recycling capacity.The Hong Kong Convention1 covers the design…
Asian LPG Market to Cross $109Bln by 2024
The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.Increasing demand for LPG used to run vehicles (Autogas) is being witnessed as it is a comparatively cheaper automotive fuel and can be used in vast applications related to transportation…
Oldendorff in Bulker Deal with Bangladesh
German bulk carrier company Oldendorff Carriers signed a Coal Transportation Agreement (CTA) with Bangladesh Chinese Power Company limited(BCPCL).Oldendorff will provide a full transportation solution to BCPCL, which includes coal transportation from Indonesia or Australia with transshipment in Andaman & Nicobar to Payra power plant in Bangladesh.The coal transshipment will allow BCPCL to take advantage of lower freight costs using larger vessels to Andaman & Nicobar, and smaller vessels will deliver the cargo to BCPCL…
In a First, Container Cargo Vessel on Brahmaputra
The first ever containerized cargo movement via Indo-Bangladesh protocol route and Brahmaputra (National Waterway -2) river will start from West Bengal's Haldia Today."In line with Government’s focus on improving connectivity to the North Eastern Region (NER), a landmark container cargo consignment will sail on inland waterways from Haldia Dock Complex (HDC) to the Inland Waterways Authority of India (IWAI) terminal at Pandu in Guwahati on 4 November, 2019," said a government release.Gopal Krishna…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…
France Conducts Training on Port Management
An intensive training on port management and operational efficiency was delivered to high-level officials and decision-makers from maritime and port authorities around the world.The annual five-week course, delivered by the Institut Portuaire d’Enseignement et de Recherche (IPER), concluded on 11 October in le Havre, France.The 33rd Advanced Course on Port Operations and Management welcomed 19 participants from 19 countries. Seven of these participants were women. The participating countries were Algeria…
India to Use Bangladeshi Ports
India can now use two crucial Bangladesh ports - Chattogram and Mongla - for shipment of its cargo, which will cut time and cost significantly, India's shipping minister Mansukh Lal Mandavia said.He has said that Indian Prime Minister Narendra Modi’s foreign policy initiative regarding use of Chattogram and Mongla Ports in Bangladesh for movement of goods to and from India will bring revolutionary cost-cutting in shipments to and from the North Eastern States.During the official visit of Sheikh Hasina…
Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas
Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According to a press release from the Qatargas Operating Company, the cargo, aboard Qatargas-chartered ‘Al Thumama’, was loaded at Ras Laffan on 4th September and delivered to MLNG on 20th September 2019. This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel.
2 Workers Die on Board Greek Ship in Bangladesh
NGO Shipbreaking Platform said that accident at the shipbreaking beach of Chattogram, Bangladesh killed two and severely injured thirteen. The accident occurred in the afternoon of Saturday 31 August at Ziri Subedar shipbreaking yard. During scrapping operations on the ship CSL VIRGINIA a heavy cable collapsed, hitting several workers at once. Aminul Islam, 35 years old, and Tushar Chakma, 27 years old, lost their lives.Thirteen workers suffered severe injuries and were taken to Chattogram Medical College Hospital for treatment.
Bhutan-Bangladesh Cargo Vessel Flagged Off
The Minister of State for Shipping (Independent Charge), India, Mansukh Mandaviya will flag off an inland waterways vessel containing cargo from Bhutan to Bangladesh via Brahmaputra river and the Indo-Bangla Protocol Route today (July 12)."This is a first of its kind movement where an Indian inland waterway is being used for connecting two countries - landlocked Bhutan and Bangladesh,"said a press note from the shipping ministry of India.1000 Metric Ton of crushed stone aggregates…
Market in Focus: Bulkers
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market.Source: Vessels ValueSecond hand marketThe Bulker market as a whole has shown a softening in values over the past year. The main reason for this is due to the drop off in rates throughout the first quarter of 2019.
Market in Focus: Tankers
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers, the Singaporean owners ordering the clean trading vessels.Norwegian companies Hunter Group and Knutsen NYK Offshore buy few but spend a lot.
Tech File: Sea Skipper Fire & Salvage Pump
After working with the Royal Australian Navy for several years, a small Australian pump manufacturer – Sydney-based Australian Pump Industries – which works on both the naval and commercial side of marine, developed a high-pressure fire and salvage pump dubbed the Sea Skipper, designed specifically for seawater applications. While engaged in maintenance work on Australia’s FFG fleet, Aussie Pumps’ Chief Engineer, John Hales, saw workboats using commercial grade, agricultural style…
Asia: Robbery Reduced by 52% in Q1
A total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018.This accounts for a 52% decrease in the total number of incidents reported during January-March 2019 compared to the same period in 2018, said ReCAAP ISC's Piracy and Armed Robbery against Ships in Asia for the 1st Quarter Report…
Piracy, Sea Robbery Situation in Asia in Q1 2019
Piracy and Armed Robbery against Ships in Asia 1st Quarter Report January to March 2019Overall SituationA total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018This accounts for a 52% decrease in the total number of incidents reported during January-March 2019 compared to the same period in 2018The number of actual incidents has also decreased by 40% during January-March 2019 c
ReCAAP Asia Piracy, Sea Robbery Report
Piracy and Sea Robbery Situation in Asia in February 2019A total of three incidents of armed robbery against ships were reported in Asia in February 2019There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern SabahThere was no report of hijacking of ships for theft of oil cargoHowever, the abduction of crew for ransom in the Sulu-Celebes Seas and waters off Eastern Sabah remains a serious concernOf the three incidents reported in February 2019, one incident occurred on board ship anchored at Caofeidian anchorage in China, one incident on board ship anchored at