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Wednesday, July 17, 2019

G E Shipping News

File Image: AdobeStock / © Taras

Unarmed Guards Deployed to Navigate Gulf

Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.Relations between Iran and the West are increasingly strained after Britain seized an Iranian tanker in Gibraltar this month. Britain also said last week that one of its warships had to fend off Iranian vessels seeking to block a UK-owned tanker from passing through the Strait of Hormuz.As the risk of escalation grows…

The Tanker riah (File Image: CREDIT MarineTraffic.com / © Marinko)

U.S. Unsure About Details of Tanker Towed to Iran

U.S. officials say they are unsure whether an oil tanker towed into Iranian waters was seized by Iran or rescued after facing mechanical faults as Tehran asserts, creating a mystery at sea at a time of high tension in the Gulf.The MT Riah disappeared from ship tracking maps when its transponder was switched off in the Strait of Hormuz on July 14. Its last position was off the coast of the Iranian island of Qeshm in the strait.Iran says it towed a vessel into its waters from the strait after the ship issued a distress call.

Image: International Maritime Organization (IMO)

JIT Trial Cuts Emissions

"Just-In-Time" (JIT) operations have the potential to cut the time ships spend idling outside ports and help reduce harmful emissions as well as save on fuel costs.According to International Maritime Organization (IMO), this can be achieved by communicating in advance the relevant information to the ship about the requested time of arrival - allowing the ship to adjust to optimum speed. A desktop trial in Just-In-Time ship operations has yielded positive results, showing emissions…

Pic: A.P. Moller - Maersk

Containers Market to Reach $12bln by 2023

The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth.On the other hand…

"Marella Explorer" in Kiel / Foto: PORT OF KIEL

Maiden Call by Marella at Port of Kiel

On Tuesday morning (16th July) the cruise ship “Marella Explorer” berthed in the port of Kiel with 2,000 mostly anglophone passengers on-board. The vessel follows an itinerary of 14 days leading it all across the Baltic Sea. It started in Newcastle on 13th July and will conclude its cruise in the same port on July 27th.On the occasion of its maiden call, the Lord Mayor of Kiel, Dr Ulf Kämpfer, welcomed Captain John Spencer Clark to the State Capital City of Schleswig-Holstein and presented him with the traditional inaugural plaque.

Pic: Odfjell SE

Odfjell Sells Stake in Chinese Terminal

Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its indirect 55% equity stake in Odfjell Terminals Jiangyin (OTJ), China.Reference is made to the stock exchange announcement of May 8th, 2018, in which Odfjell SE (Odfjell) announced that Lindsay Goldberg (LG) is considering a sale of its 49% shareholding in Odfjell Terminals BV.After LG completed the sales of its shareholdings in the US and European terminals, LG is now in the process of selling its shareholding in the Asian terminals.

John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA).

INSIGHTS: John F. Reinhart, CEO, Virginia Port Authority (VPA)

John F. Reinhart is the CEO and executive director of the Virginia Port Authority (VPA). He is responsible for the broad programmatic areas of business development and growth, strategic marketing, finance, and operations of Virginia’s marine terminal facilities: Virginia International Gateway, Newport News Marine Terminal, Norfolk International Terminals, Portsmouth Marine Terminal, Richmond Marine Terminal and the Virginia Inland Port.Under his leadership, the goal has been to…

Pic: MOL

MOL Sets Terms of Green Bonds

Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and investor details of its new JPY 20bn ($185.7 million) “sustainability bonds” to fund its latest green initiatives.The funds raised will be used for several purposes, including establishing a maritime academy in the Philippines and installation of environmentally friendly equipment or scrubbers on board its vessels. The new bonds will be offered to both institutional and individual investors.

© Oleksii/Adobe Stock

Maritime Cyber Alert

For some years now, the maritime sector has experienced breaches of various computer and information technology (IT) systems. Primarily, these breaches have been collateral damage. The maritime sector has almost never been the intended target. That does not mean that the damage has been minor. In June 2017, A.P. Moller-Maersk suffered a major cyber-attack. The malware had been designed by Russian hackers to disrupt the Ukrainian power sector. Once released, though, it proved to be indiscriminate, infecting IT systems worldwide that had not been kept up to date. In the case of A.P.

file Image: CREDIT AdobeStock / © Lucasz Z

Baltic Index at 5-1/2 Year Peak as Capesize Demand Soars

The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.4%, or 63 points, to 1,928, its highest since January 2014. The index has tripled since February. The index rose 7.2% last week for a fourth straight week, mainly driven by strong demand for vessels that ship iron ore from Brazil.A restart of Vale SA's Brucutu mine in Brazil in June…

Captain Rajesh Unni, Co-CEO of AOT and CEO and Founder of leading Singapore-based shipmanager Synergy Group (Photo: Synergy)

ClassNK Certification for SMARTSHIP

ClassNK  confirmed type approval certification for SMARTShip, a patented digital shipping solution developed by Alpha Ori Technologies (AOT).SMARTShip, an Internet of Things (IoT) platform that enables the onboard operation of multiple systems with varying degrees of autonomy, has already been installed on more than 30 vessels, with another 60 ships are at various stages of the set-up process.ClassNK’s certification for SMARTShip approves the solution as a ‘Computer Based System’ which conforms to the Class Society’s rules governing a product performing ‘Remote Monitoring and Diagnostics’…

© Herbert-ABS

Setting the Course for Low Carbon Shipping

In a collective call to action for the decarbonization of shipping last year, 34 signatory CEOs from the industry made clear that efforts to significantly lower the carbon footprint of shipping presented “biggest technology challenge in the past 100 years”.This statement was not an exaggeration. In fact, the transition to a low-carbon future will take more than an unprecedented commitment to the research and development that traditionally underpins technological advance. Finding complex solutions that are at once commercially viable…

Arun Sharma (Photo: IRCLass)

IRClass Takes Over Chairmanship of IACS

Arun Sharma, Executive Chairman of the Indian Register of Shipping (IRClass), has been elected as the new Chairman of the International Association of Classification Societies (IACS) in a recent Council meeting held in Busan, Korea.Sharma took over as Chair on July 1st and has outlined his key priorities during his year long tenure which includes IACS to take a larger role in industry matters with a view to provide value added services to owners on the implementation of regulatory…

Photo;  Hanseaticsoft

Hanseaticsoft Launches 'CFM Go' App

Hanseaticsoft GmbH a leading provider of innovative, cloud-based maritime software has launched a new app as the latest addition to its Cloud Fleet Manager - CFM Go - to make it easier and faster for customers to access relevant data about their fleet from their mobile phones.Using CFM Go, customers have all the information from the Cloud Fleet Manager Portal at their fingertips including internal company news, upcoming crew changes, current off hires, disturbances, claims, bunkers…

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…

Pic: CargoSmart

Shipping Majors Join CargoSmart Digital Initiative

The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company, CMA CGM, COSCO Shipping, COSCO Shipping Ports (CSP), Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group have signed up with it.As per the agreement…

Pic: Yang Ming Anatolia

Yang Ming Enhances Network

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp. continuously strengthens its Asian service network as well as the quality of Asian routes.Yang Ming has announced the launch of a new Intra-Asia service, China-Thailand Service (CTX service).

file Image: AdobeStock / © dbvirago

UK to Insist on Zero Emission Ships from 2025

Britain's government on Thursday said all new ships ordered from 2025 and aimed for its waters must be equipped with zero emission technology, as part of a new plan to cut maritime pollution.Britain last month announced a target to reach net zero greenhouse gas emissions by 2050, making it the first among the major G7 countries to set such a goal.As part of a new "Clean Maritime Plan" unveiled on Thursday, the government said ships ordered from 2025 onwards must have zero-emission capabilities.

File Image: A UK Navy warship on patrol (CREDIT: AdobeStock / © Peter Cripps)

Britain Foils Iranian Attempt to Block Tanker

Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to "de-escalate the situation in the region" after the British Heritage, a Suezmax oil tanker operated by BP under an Isle of Man flag, was approached."HMS Montrose was forced to position herself between the Iranian vessels and British Heritage and issue verbal warnings to the Iranian vessels…

The Minister of State for Shipping (Independent Charge) Mansukh L. Mandaviya. Photo: PIB, Govt of India.

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…

Civilian Mariner Kevin Sauls, Ship's master aboard the Henry J. Kaiser-class fleet replenishment oiler USNS Guadalupe (T-AO 200), observes the Royal Navy Duke-class frigate HMS Montrose (F 236) during a replenishment-at-sea drill. Guadalupe is conducting operations, providing logistical support to U.S. Navy and allied forces operating in the U.S. 7th Fleet area of responsibility. (U.S. Navy photo by Mass Communication Specialist 2nd Class Tristin Barth)

Iran Attempts UK Tanker Block, Fails

Britain says it fended off Iranian attempt to block its oil tankerThree Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain said on Thursday.A week after Britain seized an Iranian tanker accused of violating sanctions on Syria, London said the British Heritage, operated by oil company BP, had been approached in the Strait of Hormuz…

left to right are: Port Captain Thomas LeBlanc, Chambers, Captain Christopher Menezes and Captain Robert Wirtanen. (Photo: Crowley)

CSA Honors Crowley Vessels for Safe Ops

The Chamber of Shipping of America (CSA) honored 104 vessels owned and/or managed by Crowley Maritime Corporation with annual Jones F. Devlin Awards in recognition of their combined 737 years of incident-free service through 2018.Of the 104 vessels awarded, 27 have gone without an incident for 10 or more years, including the following vessels:•Valdez Star, 28 years;•Gus E, MV Chief, MV Guide, Roger E, each with 20 years; MV Aku, MV Veteran, and MV Vigilant, each with 19 years…

Pic: MSC

MSC Reiterates No Shark Fin Policy

Swiss-based shipping line MSC Mediterranean Shipping Company is taking the opportunity to clarify and raise awareness of its zero-tolerance position on shark fin carriage, following a reported shark fin discovery earlier this year, involving a booking by another container carrier."MSC is proud to be implementing since several years a complete global ban on consignments of any type of shark fin and of endangered shark," said the global container shipping and a company in a press…

Adobestock / © Redindie

Piraeus Bank mulls Asian Pacific partner for Shipping Financing

Piraeus Bank is looking into a strategic partnership with a major Asian Pacific financial conglomerate that will help it provide financing to Greek shipping companies, Greece's largest lender by assets said on Friday.Piraeus did not name the Asian partner, nor provide details of what form such a deal would take."This pioneering initiative forms part of Piraeus Bank’s continued commitment to the shipping community, through investment of international capital into existing opportunities and new financing to the shipping industry…

Erifili Tsironi (Photo: Navios Containers)

Navios Containers Appoints Tsironi CFO

Navios Maritime Containers L.P. (NASDAQ: NMCI) appointed Erifili Tsironi as Chief Financial Officer of Navios Containers. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018 and as Chief Financial Officer of Navios Maritime Midstream Partners L.P. from its inception in 2014 until December 2018.She has more than 17 years of experience in banking focusing on ship finance. Before joining Navios Maritime Midstream Partners L.P., she was Global Dry Bulk Sector Coordinator and Senior Vice President at DVB Bank SE. Mrs.

Chart: InterManager

Survey: Avoiding ‘Alarm Fatigue'

Frequently sounding bridge warnings, especially false ones, can create ‘alarm fatigue’ and hinder watch keepers in carrying out their vital role, a new survey supported by InterManager has revealed.Responding to the findings, InterManager is now calling for manufacturers to work with ship operators to address seafarers concerns and develop better ways of communicating bridge warnings.Respondents highlighted there is a problem with too many similar sounding alarms and revealed…