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Monday, October 14, 2019

Bulk Carrier News

Image: Belships Management (Singapore) Pte Ltd

Belships Offloads Supramax Bulk Carrier

Norwegian shipping company Belships has entered into an agreement for a bareboat charter and subsequent sale of its 50,000 dwt Supramax bulk carrier Beleast.According to an agreement with Marti Shipping & Ship Management of Turkey Belships' 2006-built vessel will enter the bareboat charter during the fourth quarter of 2019. It is the oldest ship in Belships’ fleet of 22 Supramax and Ultramax vessels, including newbuildings.Beleast will enter the bareboat charter during the fourth…

Angela Chao, Chairperson and Chief Executive Officer. Photo courtesy: Foremost Group

Foremost Takes Delivery of Ting May

New York City-based privately-held, family-run shipping company announced that it has taken delivery of a new 85,004 metric tons deadweight post-Panamax bulk carrier, the M/V Ting May. American dry bulk shipping company informed that the ship builds upon Foremost Group's tradition of operating a fleet of modern, environmentally-friendly ships built to the company's stringent specifications.This newest Eco-friendly post-Panamax ship will be immediately put in service for Bunge Limited…

Pic: Capital Product Partners L.P. (CPLP)

CPLP Fixes Agamemnon with MSC

Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was built in built 2007 in Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea, said a press note from the shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized…

Pic: Algoma Central Corporation

Algoma Acquires Croatian-Built Vessel

Canadaian provider of marine transportation services Algoma Central Corporation has reached an agreement with 3Maj Brodogradiliste of Croatia under which Algoma will acquire a new Equinox Class 650’ self-unloading dry-bulk carrier upon completion of the vessel by the Shipyard.The vessel, the second of two such ships that were to be built by 3Maj for the Company, is partially built and moored at the 3Maj shipyard in Rijeka. Work on the vessel was halted in 2017 when the Shipyard entered an extended period of financial difficulties.Algoma took delivery of the Algoma Innovator…

Image: Pelita Samudera Shipping

Pelita Samudera Buys Handysize Bulker

Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares. VesselsValue places a market value on the ship of $7.62m.The Indonesian company said that the purchase has expanded it Motor Vessel (MV) fleet strength to six. The MV fleet capacity of 28k DWT has been projected with some potential customers…

Image: Australian Maritime Safety Authority

Australia Bans Two Bulkers Over Mariner Pay Spat

The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively.AMSA surveyors boarded the Fortune Genius in Gladstone after receiving a complaint via the International Transport Workers’ Federation.AMSA’s investigation revealed the crew of the Fortune Genius had been deliberately under paid by the operator…

Logo: Danica

Danica Welcomes Two Bulk Vessels

Crew management specialist Danica Crewing Services has announced it has taken on the crew management of a further two bulk carrier vessels: the Four Emerald and the Four Diamond.The 33,392 dwt Four Emerald, built 2012, and the 34,059 dwt Four Diamond, built 2011, both sail under the Maltese flag.Crew management of the vessels will be conducted in partnership with Sea World Management, a boutique style ship manager based in Monaco, which will deliver the technical management while…

Credit: Port of Cleveland

BREAKBULK SHIPPING: Breakbulk Breaks the Mold

In the cargo shipping world, there’s the bulk sector, the container segment, and then, there is “everything else.”When it comes to ‘everything else,’ breakbulk is the cargo that resides in between, comprising much of that remainder, including forest products (lumber, baled pulp) and steel. Breakbulk may, at times, share space on multipurpose vessels that also handle heavylift and project cargo, but can also be transported on vessels that handle drybulk. Prior to the advent of containerization, bales, barrels and pallets dominated.

MV Baru. Pic: Klaveness Combination Carriers

Klaveness' CLEANBU Switch from Wet to Dry Cargo

Norway-based shipowner Klaveness Combination Carriers (KCC) has undertaken a wet-dry cargo switch, marking a first for one of its CLEANBU combination carriers.The vessel transported a full cargo of petroleum products (CPP) from India to Argentina, said the global owner and operator of combination carriers.After discharging the CPP, she completed the cleaning and conversion from tanker mode to dry bulk mode, loaded a grain cargo and is now enroute back to Asia. Strong cleaning capabilities with cleaning result available for online inspection on new digital application.After discharging of CPP…

Photo: Fincantieri Bay Shipbuilding

Bay Shipbuilding Cuts Steel on Great Lakes Freighter

The U.S. Great Lakes freighter fleet are well-renowned for being a 'mature' group of ships, a point magnified yesterday when Fincantieri Bay Shipbuilding started construction on the first U.S.-flagged Great Lakes bulk carrier built in more than 35 years. The shipyard and the owner, The Interlake Steamship Company, hosted a ceremonial first-cut-of-steel event Wednesday, August 14, signalling the start of construction.The new River-Class, self-unloading bulk carrier is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983.

Carl Schou, CEO and President. Photo: Wilhelmsen Ship Management

Wilhelmsen Bags Stove Shipping Contract

Norway-based Wilhelmsen Ship Management (WSM) announced that we have been selected as the technical manager for the Stove Shipping AS (Stove) vessels, Stove Friend and Stove Tide.The two supramaxes are the newest addition to the Stove fleet built in 2016 by Tsuneishi shipbuilding Co, Ltd. Eastern Bulk Carriers will be the commercial manager of both vessels and technically managed by WSM in Singapore, said a press note from the third-party ship manager with a portfolio of more…

Image: Clipper Bulk

Clipper Bulk Axes 40 Staff

International dry bulk shipping company Clipper Group  has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives to strengthen its business platform amid continued weak markets.Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes to Senior Management as well as a more focused market approach…

Ports Part of Solution, Not the Problem - BPA Chair

Martin Lawlor, Chief Executive at the Port of Blyth and Chair of the British Ports Association: "Ports part of the solution, not the problem on a range of challenges facing the UK."A record turnout of over 300 guests gathered in London today for the British Ports Association’s annual lunch and AGM, which struck an optimistic tone about the role of ports in supporting a range of economic and environmental goals.Maritime Minister Nusrat Ghani MP, speaking at the lunch, said: “Ports are key to the vitality of the UK economy – underpinning regional and national growth.

BIMCO: "Continued Pressure" for Bulkers

Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.Despite the increasing in scrapping, the bulk carrier market, particularly on the large ship side, will remain under pressure for a number of reasons, starting with stagnant demand, from the short term shock and impact of the dam collapse in Brazil and bad weather in Australia…

Pic: Castor Group

Castor Maritime Fixes Magic P with Oldendorff

The international shipping company specializing in the ownership of dry-bulk vessels Castor Maritime announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P.The owners of a dry bulk vessels said in a press release that the gross charter rate is US$ 11,250 per day, for a period of a minimum of five months up to a maximum of about eight months (for the first 30 days period the daily gross rate is US$ 9,000).

Photo: Danica

Danica Takes on Ultramax New Building

Danica has announced it has been entrusted with the crew management of the newbuilding ultramax Port Imabari for Lisbon headquartered Portline Bulk International.Delivered in January, the 63,500 DWT Port Imabari, equipped with four 30.5 tonnes (SWL) grab cranes, was built at Japan’s Imabari Shipyard. The Marshall Islands-flagged bulk carrier brings Danica’s fleet of crew managed vessels to 23.Henrik Jensen, Danica Managing Director, said: “We thank the owners for the trust they…

Pic: International Transport Workers’ Federation

ITF Blames BHP for Starving Crew

The International Transport Workers’ Federation (ITF) informed that crew members aboard a ship at a BHP terminal in Queensland are being neglected and underpaid."Crew aboard a ship at a BHP terminal in Queensland claim they are being starved and underpaid, in yet another instance of the coal giant’s veil of secrecy over its operations in Australian waters," said an ITF release.A seafarer aboard an 80,000-tonne bulk carrier, the Villa Deste, contacted ITF pleading for help. The starving crew claims to have no food and no onboard wages…

File Image: AdobeStock / ©  Leonid Eremeychuk

INTERCARGO Advisory on Cargo Liquefaction Dangers

Cargo liquefaction continues to be a major risk for dry bulk shipping.INTERCARGO welcomes the latest amendment to the International Maritime Solid Bulk Cargoes Code (IMSBC 04-17) which entered into force on 1st January 2019 and includes important updates related to cargoes that may liquefy. Pertinent updates include: changes to section 4.5 of the Code which stipulates the shippers’ responsibility to ensure that the testing and sampling for Transportable Moisture Limit (TML) and moisture content is carried out at the correct intervals…

Photo: Oldendorff

Self-Unloaders in CSL Pool Sold to Algoma

Oldendorff has sold the three remaining self-unloaders still operating in the CSL Pool: Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) for US$100.5 million to Algoma Central Corporation who is the third partner in the CSL Pool. The vessels are expected to deliver to Algoma around the middle of 2019. All three vessels have been trading in the CSL Pool on the East Coast of North and South America since…

Pic:  International Maritime Bureau’s (IMB)

Global Piracy Up in 2018, Gulf of Guinea Leads

Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…

Who Wins in Shipping’s Battle for Data?

Weather has to be one of the most important building blocks of any digital operations solution. But, that’s only one of dozens of individual variables. Building a data management solution that navigates the unexpected, and not just the low hanging fruit, is the way to go.One of the most fiercely fought battles in shipping today is the battle for data. On a weekly basis, we see companies of all stripes – ship managers, owners, class societies, equipment manufacturers and even coating suppliers – investing in their own digital solutions and fiercely competing for control over data: the new oil.

Pics: Press Information Bureau

Chabahar Port Begins Commercial Operations

Commercial operations began at ndia Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar with the arrival of a vessel after Government of India took over the operations.A Cyprus registered bulk carrier had arrived at Chabahar with 72458 MT of corn cargo. The vessel MV MACHERAS berthed at the terminal at 0130 hrs on 30th December 2018. Thus IPGCFZ carried out its first cargo operation by discharging the imported cargo(ex Brazil) using pneumatic un-loaders.India has written a history with its engagement in Chabahar, claimed a governement release.

Pic: ESL Shipping

LNG Bulk Carrier Viikki Starts Baltic Sea Ops

The world's most eco-friendly bulk carrier m/s Viikki, owned by ESL Shipping, a subsidiary of the Aspo Plc, has started operating on the Baltic Sea.The 25,600-dwt vessel, 160 metres long and fuelled by liquefied natural gas, produces less than half of the carbon dioxide of previous vessel generation, thanks to LNG and many advanced technologies.M/s Viikki was built in China, and after completion first sailed to Japan to load a cargo of raw materials. From there, she arrived to the Baltic Sea through the Northeast Passage…

Photo: Wärtsilä

Wärtsilä’s Develops Lock Entry Assist System

Wärtsilä said it has developed a lock entry assist system that will facilitate a vessel’s approach and entrance into waterway locks. The development work has been carried out in cooperation with the Canada-based CSL Group. The initial deployment of the technology will be on board the ‘CSL St Laurent’, a 22,600 gross tonnage Trillium class bulk carrier owned by CSL. The ship operates on the waterways of the St Lawrence Seaway and Great Lakes.The Wärtsilä system comes in response to the increasing size of vessels operating on these waters.

Richard Greiner, Moore Stephens partner, Shipping and Transport

Moore Stephens: Ship Operating Costs to Rise in 2018, 2019

International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance. The cost of drydocking is expected to increase by 2.1% in 2018 and by 2.3% in 2019…

© velbort / Adobe Stock

Bulk Sector Prospects Perking Up

The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators, Frachtcontor Director Frank Grone said that while the bulk segment is slowly but steadily working its way out of the doldrums with a positive cash flow, he reminded delegates that 60mdwt was scrapped in 2015 and 2016 at “ridiculous prices”…