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Tuesday, October 15, 2019

G E Shipping News

Image: Grandweld

Grandweld Shipyards Completes 35 Years

Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry, has celebrated its 35th anniversary, which marked their continued excellence since its inception in 1984.The ceremony was attended by major industry key players, who have trust in the company’s outstanding deliveries and designs. Grandweld owns the most selling vessels, selling more than 60 Crew Boats of its GW42M design.In addition, the company employs over 800 professional engineers and technicians in shipbuilding and maintenance…

Image: Hudson Shipping Lines

Hudson Shipping Joins Trident Alliance

United States based commodities trader Hudson Shipping Lines (HSL) became a member of the Trident Alliance as part of the company’s ongoing ‘green’ initiatives.The shipping company is increasing its commitment to cleaning up the shipping industry in conjunction with two environmental organizations. Hudson has recently joined the Trident Alliance as a member.“The shipping industry has a tremendous opportunity to improve its impact upon the world with the IMO 2020 sulfur cap. Hudson…

File Photo: DryShips

SPII Holdings Finalizes Acquisition of DryShips

The shareholders of the dry bulk shipping company based in Athens, Greece, DryShips,  voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger with SPII Holdings.SPII, a company controlled by DryShips’ chairman and CEO, George Economou, would acquire the outstanding shares of common stock, USD 0.01 par value, of the company that it does not already own for USD 5.25 per share in cash, without interest.In connection with the completion of the transaction…

Pic:  International Maritime Organization (IMO)

Australia Hosts GloFouling Event

The GEF-UNDP-IMO GloFouling Partnerships project has concluded its inaugural Research and Development Forum and Exhibition on Biofouling Management, in Melbourne, Australia (1 to 4 October).Bringing together experts, regulators and industry representatives to discuss the latest advances in research, regulations and technologies related to marine biofouling across all maritime sectors, this is set to become the project’s biennial “signature event”.Over 170 participants and 40 speakers took part in a program that focused on how biofouling affects different maritime industries…

Photo: AIDA Cruises

AIDA Cruises to Pilot Trial of Fuel Cell System

Carnival Corporation announced its Germany-based brand, AIDA Cruises, has partnered with leaders from the maritime and engineering sectors to pilot the world’s first fuel cell system designed to power large passenger vessels. As early as 2021, AIDA Cruises will trial this innovative fuel technology on AIDAnova, becoming the cruise industry’s first brand to trial fuel cells on a large cruise ship.The research project, named “Pa-X-ell2,” is designed to develop fuel cells that are powered by hydrogen derived from methanol…

Photo: Danfoss

Danish Suppliers Facilitate Sustainable Transport

The global shipping industry is facing requirements for substantial reductions in emissions and for creating a more sustainable transport in order to meet UN’s Sustainable Development Goals. At Kormarine 2019, 15 Danish suppliers of marine technology and services will be exhibiting their solutions that can help shipowners accelerate the move towards sustainability. According to Mark Lerche, Head of Marine, Danish Export Association, organizer of the Pavilion of Denmark at Kormarine 2019…

Polymnia. Image: Diana Shipping Inc

Diana Shipping Inks TC with Al Ghurair

Greek dry bulk owner Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According to a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to about 14 months.The charter is expected to commence on October 23, 2019, it said.

Bird's-eye view of the Asaka Maru using "FlyingView". Image: MOL

MOL Trials 360 Birds-Eye-View Tugboat

Japanese shipping line Mitsui OSK Lines (MOL) collaborated with Oki Electric Industry (OKI), to launch a joint study on the use of OKI's bird's-eye view monitoring system to monitor a 360° field of view around a tugboat.The system was installed on the tugboat Asaka Maru and a preliminary experiment was conducted, said a press release.As a tugboat approaches a large vessel for assistance, only a small part of the vessel's hull can be seen from tug's bridge, and therefore, the tugboat…

Image: Port of Rotterdam

C-Shipping & Logistics Established in Rotterdam

C-Shipping & Logistics handles freight transport from origin to destination and is a strong new addition to the port of Rotterdam’s roster of players. The new company was founded by Rederij de Jong, after teaming up for the occasion with two other big names in shipping and transport: Wouter Kleiss and Mathijs van Schaik.As operational directors, Kleiss and Van Schaik bring along a large network in the shipping sector, and Rederij de Jong ranks as one of the largest shipping companies in the inland shipping and push towing segments.

Pic: Hafen Hamburg Marketing

German Ports Aim Cleaner Air

Germany's Federal Minister for Economic Affairs and Energy  Peter Altmaier and coastal states agree package of measures for shore-generated power.Instead of burning fossil fuels to generate shipboard electric power, in future vessels in port should be using renewable shore-based energy. The German government is now launching appropriate measures to promote shore-generated power.Along with the premiers of Schleswig-Holstein and Hamburg and representatives of the state governments of Mecklenburg-Western Pomerania…

Pic: Hapag-Lloyd

Hapag-Lloyd Opens New South Europe HQ

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position…

AIDAprima in Kiel / Foto: Stephen Gergs

Port of Kiel Cruise Numbers up 33.6%

The visit of the cruise ship AIDAprima on Saturday, October 12, marked the end of the oceangoing cruise season in Kiel, and what a season it was with ship visits and passenger numbers up over 2018.In total the port was visited 174 times (2018: 169) by 32 different cruise ships with a total tonnage of 15 million GT (2018: 11.5). For the first time the port exceeded the 800,000 cruise passenger threshold (embarked or left a ship at the terminals) in Kiel (+ 33.6 %). The cruise and…

AdobeStock / © Jose Gill

U.S. Sanctions Bite; Traders Shun 300 Tankers

Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…

AdobeStock / © Kasto

CNOOC Seeks Replacements for Sanctioned COSCO LNG Tankers

China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States for allegedly transporting Iranian oil.The company, COSCO Shipping Tanker (Dalian), is one of four Chinese firms on which the Trump administration imposed sanctions on Sept. 25, in what it described as the biggest sanctions taken by the U.S.

file image (credit: AdobeStock / © dbvirago

U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'

Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African oil have soared in value but have had to be marked down due to the higher costs of transport.The United States imposed sanctions on units of China's COSCO on Sept.

© PhotoGranary/AdobeStock

Iranian Tanker Hit by Missiles, Oil Rises

Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.The Suezmax crude tanker Sabiti was ablaze and suffered heavy damage after being hit by two missiles, Iranian media reported.Both oil benchmarks recorded their biggest daily rise since Sept. 16, the first trading day after the…

Karno Tenovuo, CEO, Awake.AI (Photo: DIMECC)

ONE SEA Adds Awake.AI to Autonomous Ecosystem

ONE SEA, an industry alliance bringing together leading exponents of autonomous ship technology, has made a significant addition to its growing membership, after signing up Awake.AI - a company led by an experienced team of maritime digital innovators.Awake.AI is aiming to create a new platform and ML models (Machine learning) based on transparent data sharing to break down the barriers between ships, ports and other actors in the maritime logistics chain. The ‘virtual infrastructure’ will be vital if ports are to handle autonomous ships successfully from pre-arrival…

Graph: BIMCO

BIMCO Offers Bunker Fuel Price Monitoring

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulfur), both in USD per metric ton, as well as the spread between the two fuel types, with data available since June 2017.

File Image: A Piraeus cruise terminal berth (CREDIT: AdobeStock / © anastasiia Usoltceva)

Greece Trims Piraeus Port investment plan

Greece has trimmed an investment plan by Piraeus Port Authority (PPA) to boost operations at one of Europe's largest harbours, rejecting proposals for a new container terminal.PPA, majority owned by China's COSCO Shipping , had submitted to Greece's shipping ministry an 800-million-euro plan, which included a new cruise ship terminal, a mall and four hotels in the port.PPA had also proposed to build a fourth container terminal that would boost Piraeus' total throughput to 10 million…

Image: Copenhagen Malmö Port AB

CMP, DFDS to Set Up Shore Power in Copenhagen

Copenhagen Malmö Port (CMP) and Danish shipping and logistics company DFDS have reached an agreement to establish a shore power facility in Copenhagen, which means that the Crown Seaways and Pearl Seaways vessels will be able to receive electricity from land.A shore power facility will reduce emissions of air contaminated particles such as NOx, SOx and particulate matter, which goes hand in hand with the ambitions of both CMP and DFDS to actively contribute to a greener Copenhagen.CMP and DFDS are engaged in a joint effort…

Pic: NYK

NYK to Improve Dry Bulk Fleet Safety

Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.The conference has been held every year since 2010 to promote safety through the exchange of ideas and the sharing of information about recent incidents with shipowners and ship…

Igor Strukov / Adobe Stock

BIMCO: Shipping Hurt by Soya Bean Trades

Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya bean export season disappointed. The fall in volumes from the two countries has also led to an 8.5% drop from last year in the tonne mile demand generated by the two dominant soya bean exporters.In particular falling exports from Brazil have hurt the shipping industry, with accumulated soya bean exports from Brazil in the first eight months of this year 7.8 million tonnes lower than the first eight months of 2018.

© HPA / Andreas Schmidt-Wiethoff

Cleaner Air, Climate Plan for Port of Hamburg

Hamburg’s state government approved a large-scale expansion of shore-based power supply in the Port of Hamburg. This will create the conditions for a shift from shipboard diesel power supply to ecological electric power during lay times. With this expansion, Hamburg is playing a pioneering role in the field of alternative power supply during ships’ lay times in port.As the first port in Europe, from 2022 the Port of Hamburg will offer shore-based power supply both for cruise liners and mega-containerships.

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…

AdobeStock (Credit Carabay ©)

COSCO Tankers Disable AIS as Sanctions Bite

About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.

Photo: Maersk Tankers

Cargill, Maersk & Mitsui to Collaborate on Emissions

Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together, the companies…