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Saturday, October 24, 2020

Car Carriers News

The car carrier Golden Ray sits capsized in St. Simons Sound, Ga. (U.S. Coast Guard photo by Brian McCrum)

Total Shipping Losses Are Declining, But Challenges Persist -Report

The record low 41 large shipping losses worldwide in 2019 represents a 20% improvement year-on-year and almost 70% over a decade, but the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges, according to recent report from marine insurer Allianz Global Corporate & Specialty (AGCS).Consequences of coronavirus and a sustained…

Photo: Interferry

Ferry Operators Start to See the Light at the End of the Tunnel

Interferry CEO Mike Corrigan reflects on the crushing impact of COVID-19…but suggests that the gradual easing of travel restrictions offers a turning point on the road to recovery.Last year the ferry industry was riding the crest of a wave. In an end-of-year review, I went so far as to express my belief that the industry had rarely if ever been in such good health. Throughout the developed world, most operators were reporting year-on-year traffic growth and many had set new records for passenger and vehicle volumes.

Akihiro Mori, NYK’s first internally trained captain. Photo: NYK

An NYK First: Internally Trained Seafarer Promoted to Captain

In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole, as the plight of the seafarer and the ongoing quest to find and groom the ‘next generation’ is universally shared in 2020.In fiscal 2006, NYK became the first shipping company in Japan to hire graduates from ordinary…

Dry bulk carriers are the majority (195 ships/25.3 million DWT) of the "K" Line fleet. Photo: "K" Line

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

Last year Kawasaki Kisen Kaisha, Ltd. (“K” Line) – one of the world’s largest and most influential ship owners with 478 ships comprising 40.5 million DWT and more than 6,000 employees – celebrated its 100th anniversary. Toyohisa Nakano, Executive Officer, in charge of Ship Technical and Environmental Affairs for “K” Line, is a 30+ year veteran of the company. He discusses with Maritime Reporter & Engineering News the ship owner’s strategy to meet ever-tightening ship emission regulations.Please provide an overview of the ships you have on order today.We placed an order for 210…

Image: Hyundai Mipo Dockyard (HMD)

HMD Confirms Evergreen Boxship Order

South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The world's No. 1 shipbuilder specializing in medium-sized ships such as product/chemical tankers, car carriers, LPG & LNG carriers, and asphalt carriers, said that The vessels, each of which will have a length of 172 meters…

Graph: Drewry

Car Carrier Shipping in Rough Weather

As car carrier shipping is expected to continue its slow recovery, backed by better utilization and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk. Slow car carrier recovery is expected to lead to more distressed vessel sales as shipping lines focus on landside investments in search of profitability, according to the  global shipping consultancy Drewry.Seaborne trade in finished vehicles, including high & heavy and used autos…

MOL in conjunction with Osaka University has developed a mathematical algorithm to optimize the loading of cars onto ferries.

(Photo © Adobe Stock / Paula Fisher)

MOL Group AI-Based Car Loading Plan

Mitsui O.S.K. Lines, Ltd. and its group company MOL Information Systems, Ltd., in collaboration with Associate Professor Shunji Umetani of the Graduate School of Information Science and Technology at Osaka University, have developed a vessel allocation and cargo loading plans for car carriers based on ‘mathematical optimization,’ articficial intelligence (AI) technology to enable the company’s personnel to complete vessel allocation and loading plans more quickly than previously possible.MOL operates about 100 car carriers with…

Aries Leader (Photo: NYK Line)

NYK Conducts Japan’s First Carbon-Neutral Voyage

NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies, reducing CO2 emissions per unit by 30% compared with existing large pure car carriers (i.e., comparing emissions on a per car basis). In this initiative…

Award ceremony. Photos: MOL

JASNAOE Awards Go to MOL Group

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that the Beluga Ace, the first ship of its "FLEXIE series" next-generation car carriers, and both the Sunflower Satsuma and Sunflower Kirishima ferries, which are operated by its group company, Ferry Sunflower Limited, have received the "Ship of the Year 2018," and "Large Passenger Ship Sector Award," respectively.It marks double awarding for the group companies, said a press note."This is MOL's sixth Ship of the Year Award…

File Image: A cruise vessel passes through the Panama Canal. CREDIT: ACP

ICS Weighs in on Proposed Panama Canal Tolls

Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships, vehicle carriers, dry bulk carriers, tankers, chemical carriers, LPG and LNG vessels, passenger vessels and small vessels. The proposed new toll charges are anticipated to enter into effect on 1 January 2020, the same day as the IMO ‘Global Sulphur Cap’ regulation.

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

Shipping Losses Lowest This Century as New Dangers Emerge

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

Photo courtesy of Intermarine UK

New Scrubber Service Station at Portland Port

Intermarine UK struck an agreement with a Chinese manufacturer to make the Port of Portland one of the UK’s centers for scrubber installation.Intermarine President Slawomir Kalicki signed the agreement at Norshipping in Oslo with counterpart DB Wang deputy general manager of the Shandong Pure Ocean Technology based in Renhe Town in the Shandong province. The deal will see Intermarine act as an agent to Shandong and offer to install its scrubber systems to a wide variety of vessels to help them meet tough new environmental regulations.

Photo: Texas A&M

Sim Centers Prep Grads for High Paying Careers

Few places offer the opportunity to get seasick without ever leaving dry land.Surrounded by moving images on high-definition monitors, students at the prestigious Texas A&M Maritime Academy in Galveston train every day aboard ship simulators. They offer realistic and stomach-turning experiences from the bridges of several types of huge ships as they sail through various kinds of weather conditions and into dozens of ports.Texas A&M’s maritime students earn bachelor’s degrees like other college students…

Photo: ACP

6,000th Neopanamax Transit at Panama Canal

The Panama Canal welcomed its 6,000th Neopanamax vessel through the Expanded Canal, underscoring the route’s ability to accommodate the highly-dynamic liquefied natural gas (LNG) segment, which first transited the waterway following the inauguration of the Expanded Canal less than three years ago.The LNG vessel Energy Liberty completed the milestone transit today travelling southbound from the Atlantic to the Pacific Ocean. Constructed in 2018, the vessel has a cargo capacity of 165…

Image: Mitsui OSK Lines

Moody's Downgrades MOL

The rating company Moody's Japan K.K. has downgraded  Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable."We expect MOL's debt will not decline materially over the next few years and its leverage will likely remain above our downgrade guidance of 7.0x for a Ba1 rating," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer.Moody's sees only a limited possibility for MOL to materially reduce its debt during the next several years…

(Photo: NYK)

NYK Auto Logistics Pact with Adani Logistics

NYK Auto Logistics India (NALI), an NYK Group company, signed an agreement with Adani Logistics(ALL) to form a joint venture that specializes in the transportation of finished vehicles using automobile freight trains.The automotive production volume is expected to further increase in India, and there is increasing demand for transporting vehicles by rail, which places less of a load on the environment.NALI currently provides an integrated transport service for finished cars in India…

LNG tanker Maria Energy completed the milestone transit traveling from the Atlantic to the Pacific Ocean on July 29. (Photo: Panama Canal Authority)

4,000th Neopanamax Vessel Transits the Panama Canal

The Panama Canal registered the transit of its 4,000th Neopanamax vessel through the Expanded Canal, underscoring the steady growth of the burgeoning liquefied natural gas (LNG) segment – which began transiting the waterway for the first time following the inauguration of the Expanded Canal.The LNG tanker Maria Energy completed the milestone transit traveling southbound from the Atlantic to the Pacific Ocean on July 29."The steady increase in Neopanamax transits reflect our customers’ confidence in the Expanded Canal…

Photo courtesy of Wallem Ship Management

Wallem Welcomes First Vessel Under Japanese Flag

The Aphrodite Leader, a pure car and truck carrier (PCTC), is the first vessel under Wallem Ship Management to come under the Japanese Flag.The Aphrodite Leader completed the various inspections, audits and surveys in accordance with the Japanese Flag requirements. The vessel then officially changed over to Japanese Flag upon receipt of the statutory certificates from the Japanese Government and Class NK.This marks a positive milestone as Wallem is now one of just a few international ship managers capable of managing Japanese Flag vessels.

File Image / CREDIT: AdobeStck © Kalyakan

Drewry: Car Carrier Sector Recovering Despite Rising Uncertainty

Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilization.But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, according to the Finished Vehicle Shipping Annual Review and Forecast 2018/19 report published by global shipping consultancy Drewry.Seaborne trade in finished vehicles has recovered strongly from a low in 2016, recording growth of approaching 6% in 2017 to 37.5 million ceu.

MS Eurodam retrofitted with ABB shore power connectors (Photo: ABB)

Shore Power: Holland America Line Plugs In

ABB shore power connectors retrofitted to three Holland America Line vessels will help these ships achieve low emissions in port anywhere in the world.Cruise line Holland American Line will retrofit three of its vessels with ABB’s innovative shore power connectors that allow the ships to draw on land-based electrical grids when docked in port.Holland America Line proactively encompasses programs that aim to reduce emissions and comply with international regulations and environmental guidelines – and seeks to exceed these requirements wherever possible.

Graph: Drewry Shipping Consultants Limited

Ship Operating Costs Rise for Second Successive Year: Drewry

As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by global shipping consultancy Drewry.The report titled 'Ship Operating Costs Annual Review and Forecast 2018/19' said that typical ship operating costs accelerated moderately in 2018 as the uncertain recovery in freight markets across most cargo sectors gained momentum.Opex costs are heavily linked to developments in the wider shipping market as some costs…

Image: SEA\LNG

LNG REPORT: 143 LNG-Powered Vessels in Operation, 270 to Come

Currently, the liquefied natural gas (LNG)-powered fleet has grown globally from 118 LNG-powered vessels in operation in 2017, to 143 LNG-powered vessels in operation – with a further 135 on order and 135 LNG-ready ships either in operation or on order.According to the LNG bunkering coalition SEA\LNG, Orders for LNG-powered vessels span a variety of vessel types including tankers, cruise ships, container ships, car carriers, and Very Large Ore Carriers (VLOC)s.A press note issued by Peter Keller…

Grand Orion in the port. Pic: MOL

First MOL Car Carrier Vessel Arrives in Cambodia

The 6,400 standard passenger car capacity, Mitsui OSK Lines (MOL)-operated car carrier Grand Orion has made a first call for such a vessel type in Cambodia.The Japanese shipping company said in a release that the car carrier called at the Port of Sihanoukville, Cambodia, and discharged about 12,000 tons of construction machinery. It was the first call at a Cambodian port by an MOL-operated car carrier, it added.In commemoration of the first call, Grand Orion Capt. Denis C. De…

Photo: Grimaldi Group

Grimaldi Christens Grande New York

The Grande New York, part of the new fleet of the Grimaldi Group, was christened in the Port of NY-NJ at Port Newark Auto Marine Terminal (FAPS). Godmother was Amanda Matilda Cuomo Cole, granddaughter of former late NY Governor, Mario Cuomo and niece of current NY Governor Andrew Cuomo. Father Peter Haldás of St. John Paul II blessed the ship during a short ceremony to a distinguished delegation composed of maritime authorities, customers, port operators and managers of Grimaldi Group and daughter company Atlantic Container Line.

Captain Morgan McManus (Photo: SUNY Maritime College)

McManus Named T/S Empire State VI Master

SUNY Maritime College has appointed Captain Morgan McManus as the Master of the T/S Empire State VI. An alumnus of SUNY Maritime College, Captain McManus graduated in 1992 with a bachelor’s degree in Marine Transportation.Captain McManus has over 12 years’ experience sailing as Master including on the SS Cape Jacob, the sister ship to T/S Empire State VI. His sailing career has taken him on various types of commercial ships including steam, motor, breakbulk, container, car carriers, tankers, and cutting-edge dynamic positioned drill ships.

Image: MOL

MOL Buys Reliance Ethane Carrier Fleet

Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs. "MOL and a strategic minority investor have signed binding definitive agreements for an investment in the six special purpose limited liability companies each owning a VLEC," said a statement from the Mukesh Ambani-led Indian conglomerate holding.Transaction closing is subject to regulatory approvals.