Strait of Hormuz: Ships urged to alert Navies before Sailing Through
Shipping associations have called on ship owners to inform Britain's navy of their movements before sailing into the Middle East Gulf and Strait of Hormuz because of the escalating international crisis in the region.About a fifth of the world's oil passes through the Strait of Hormuz and shipping companies are already deploying more unarmed security guards as an extra safeguard.However, in a joint note issued by the leading trade associations on Monday, ship captains were requested to register with the Royal Navy's liaison body…
Stakeholders Ignore U.S. Middle East Coalition Proposals
The United States is struggling to win its allies' support for an initiative to heighten surveillance of vital Middle East oil shipping lanes because of fears it will increase tension with Iran, six sources familiar with the matter said.Washington proposed on July 9 stepping up efforts to safeguard strategic waters off Iran and Yemen where it blames Iran and its proxies for tanker attacks. Iran denies the charges.But with Washington's allies reluctant to commit new weaponry or fighting forces…
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…
Hapag-Lloyd Adds VRS
German container shipping company Hapag-Lloyd has decided to implement a global vessel risk surcharge (VRS) following recent maritime incidents in the Gulf of Oman.The container line said that operating costs for its services have increased in the Middle East Gulf region as a result of tanker attacks that took place in the Strait of Hormuz.Other major carriers including CMA CGM, X-Press Feeders, and NYK have already impose a war risk surcharge on cargo destined for the Arabian Gulf or Middle East region due to heightened tensions in the region.As of July 15…
BIMCO: VLCC Freight Rates from Gulf to China Doubles
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on June 20, their highest level since March and significantly above the May average of USD 9,979 per day.Despite this increase, freight rates on this route only narrowly exceeds the daily break-even costs of a VLCC…
UAE's Fujairah to Ban Ship Exhaust Cleaner When IMO 2020 Kicks In
The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many shipping companies have opted to fit scrubbers onboard their ships, ahead of major changes in the use of marine fuel across the world.The International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan.
Diesel-Loaded Tankers Stranded off Asia as Demand Wanes
Several tankers carrying diesel fuel are floating off Taiwan and Southeast Asian waters as a steep fall in oil prices kept buyers at bay, trade and shipping sources said on Friday, helping push rates to their highest since January 2016.With tanker rates also boosted by strong Chinese oil exports, it was a big relief for an industry that has been in the doldrums for the past three years.About seven to nine long-range tankers carrying about 5 to 7 million barrels of diesel are currently floating off Taiwan waters largely due to a drop in bunker fuel demand from the South China Sea…
CMA CGM to Reshuffle its CIMEX 6 Service
CMA CGM announced the revamping of dedicated CIMEX 6 service linking Asia and the Middle East Gulf with Umm Qasr call replacing Bandar Abbas as from Shanghai ETA on August 6th, 2018.With CIMEX 6, CMA CGM will offer a direct service from Asia to Umm Qasr, Iraq.The new features will be the following: Rotation: Shanghai-Ningbo-Taipei-Shekou-Tanjung Pelepas-Port Kelang-Jebel Ali-Umm Qasr-Jebel Ali-Port Kelang-Hong Kong-ShanghaiService commencement: August 6th, 2018 (ETA Shanghai) with m/v EVER USEFUL voy.0GN13W1MA.Transit times references: Shanghai to Umm Qasr in 24 days…
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. The Ocean Alliance Day Two Product has a carrying capacity of around 3.1 million TEUs (Twenty-foot Equivalent Unit) with 331 containerships deployed on 41 services. CMA CGM will continue to play a major role within the alliance, deploying a fleet of 121 ships.
Ocean Alliance Launches Day Two Product
The Ocean Alliance has launched its new Day Two Product with an estimated 3.6 million TEU carrying capacity provided by approximately 340 containerships deployed on 41 services. The new offering will commence in April 2018. Alliance partners CMA CGM, COSCO, Evergreen and OOCL will offer 20 Transpacific services, six Asia-Europe services, four Asia-Mediterranean services, four Transatlantic services, five Asia-Middle East services and two Asia-Red Sea services. “Ocean Alliance…
CMA CGM Improves India Middle East – East Africa Links
Swahili Express service will be dedicated to Kenya and Tanzania markets with very fast transit times. Mombasa will be reached from Mundra in 12 days and Dar Es Salaam in 14 days. Noura Express service will have an improved transit time to Somalia by 4 days. Mogadishu port will be reached in 7 days from Jebel Ali and in 17 days from Mundra. SWAHILI service: As from m/v CHIEF at Nhava Sheva on February 24th, 2017, Swahili service will be operated with 4 vessels. We will add Mombasa direct call in complement to the current Dar Es Salaam call.
MIDAS Service Rotation Change
CMA CGM announced and amendment to the port rotation of its MIDAS service. Luanda served via Durban with Samwaf service: Luanda is reached from Mundra in 26 days, Nhava Sheva in 28 days, Jebel Ali in 31 days. Lome via Singapore with Afex service: Lome is reached from Mundra in 37 days, Nhava Sheva in 39 days and Jebel Ali in 37 days. Walvis Bay, Namibia will be served via Singapore on Wax service with the best transit time in the market. 29 days from Mundra, 31 days from Nhava Sheva and 35 days from Jebel Ali.
CMA CGM to Reshuffle its India Middle East Gulf Route
In a continued effort to provide increased reliability and quality services in a challenging environment, CMA CGM will reorganize its services connecting India Middle East Gulf to East Africa strategic markets. Starting mid July 2016, NOURA EXPRESS and SWAHILI services new configuration will provide significant improvements: Positive developments for reefer cargo from Port Victoria direct to India and to Europe with a weekly frequency instead of fortnightly. Improved service reliability to Mogadishu from Mundra with direct service in 18 days instead of in transhipment…
CMA CGM Shuffles Container Services
CMA CGM announced changes to come on its shipping services connecting North Europe with Asia. New rotation on FAL 1: Starting in Hamburg on May 26, 2016 with m/v CMA CGM VASCO DE GAMA voy. Southampton - Dunkerque - Hamburg - Rotterdam - Zeebrugge - Le Havre - Malta - Khor Fakkan - Jebel Ali - Shanghai - Tianjin Xingang - Dalian - Busan - Qingdao - Shanghai - Ningbo - Yantian - Port Kelang - Algeciras - Southampton. New rotation on FAL 23: Starting in Hamburg on May 25, 2016 with m/v SALAHUDDIN voy.
CMA CGM Modifies its Midas and Swahili Services
CMA CGM has announced the strengthening of its current MIDAS service by cooperating with PIL under a new Vessel Sharing Agreement. A fleet of 11 vessels of 3,500 TEU nominal capacity will be deployed, and CMA CGM will contribute to the majority with 9 vessels. It also announced the strengthening of its coverage of India on its SWAHILI EXPRESS service deployed on the India Middle East Gulf - Eastern Africa and Indian Ocean route. In India, MIDAS will extend its coverage with a weekly call at Nhava Sheva direct to West Africa…
Tanker Rates to Remain Under Pressure
The reduction in the new 2016 Worldscale flat rates of Very Large Crude Carriers (VLCC) has led to spot rates increasing as owners look for equivalent 2015 returns, says tanker market assessments from the Baltic Exchange. Thus we are now seeing rates for long east of around WS 107.5/110 on 270,000 tonnes with rates to the US Gulf hovering in the very low WS 60s. Brokers are saying rates remain under pressure here as charterers work quietly and for those who can take either new-buildings, ex-drydock or tonnage over 15 years old a discount is achievable.
Suezmax Tanker Market Improves
Suezmax tanker owners are among the “happiest” ones when it comes to the performance of their vessels during 2014, as well as throughout this year as well says the latest weekly report from the London-based shipbroker Gibson. For most of last year the Suezmax market outperformed VLCCs, with spot earnings for West Africa-UKC (TD20) regularly above VLCC returns on the benchmark TD3 trade. Firmer Suezmax earnings were aided by rising West Africa to Europe crude trade, dramatic increases in spot fixtures out of the Middle East Gulf and a more active Caribbean market.
Suezmax Tankers Bullish
Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa. Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama. During the first quarter 2015, there was a 45% rise in suezmax fixtures from the Middle East Gulf (MEG) to West Coast India, compared to the same period last year, according to new research from New York-based marine transportation consultancy McQuilling Services.
DGS Marine Advises Fixed Premium P&I Cover
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits of fixed premium P&I cover for ship owners and operators in the Middle East. David Skinner, Managing Director of DGS Marine Group, was speaking at the Seatrade Middle East Maritime conference in Dubai, where DGS Marine was a leading sponsor. Discussing the growing appeal of alternative models of P&I cover to ship owners in the Middle East, Mr.
HullWiper Expands to Fujairah
GAC EnvironHull's hull cleaning solution now available at second UAE port. GAC EnvironHull has expanded itsbrush-and-diver-free hull cleaning operation to Fujairah, six months after its global launch. Launched in Dubai in November 2013, the HullWiper Remotely Operated Vehicle (ROV) is an unmanned hull cleaning unit which uses adjustable pressure sea water jets as the cleaning medium rather than brushes or abrasives, resulting in minimal damage to the antifouling surface. Residues…
Long-Range Clean Tanker Rates Hit 8-Month High
Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117.50 in the Worldscale measure, or $11,453 a day when translated into average earnings, the highest since mid September last year. That compared with W116.14 or $11,156 a day on Friday and W107.45 or $8,112 a day last Monday. "With plenty of cargoes in the market and tonnage looking fairly thin far out…
Trans Atlantic Tanker Rates Higher
Clean tanker rates on the transatlantic route edged higher on Monday helped by light bookings although the market continued to struggle with a glut of vessels. Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124.38 in the Worldscale measure, or $8,306 a day when translated into average earnings. That compared with W122.50 or $8,048 a day on Friday and W129.17 or $9,368 last Monday. "Rates on the Europe - U.S. East…
China Imports More Oil Than U.S. for First Time Ever
China reached this milestone in December 2012, as its net petroleum imports surpassed those of the U.S. In a recent press release NYC-based PIRA Energy Group reports that weak reported oil demand in the U.S. reduced the commercial stock draw. In Japan, crude runs began to ease, which built crude stocks. Every year for at least the last two decades, Chinese oil demand has increased in both absolute and relative terms, that is, as a percent of world total demand. Since the price spike of 2008 and the following recession, U.S.
First Middle East Call for Juggernaut Containership
Khorfakkan Container Terminal (KCT) became the first terminal operator in the Middle East to handle the world’s largest container ship, 'CMA CGM Marco Polo'. With a length of four standard football pitches (396 metres), 54 metres beam and requiring a draft of 16m, Khorfakkan is one of the few ports in the world able to accommodate Marco Polo’s massive 16,020 TEU capacity, reports 'The Gulf Today'. The ship's arrival at KCT was marked with a presentation from Gulftainer to Captain Igor Sikic of the Marco Polo and CMA CGM representatives…
Rickmers Tianjin Named in Mumbai
As part of its upgrading program for its Europe India service, Rickmers-Linie, has added the 17,000dwt newbuilding Rickmers Tianjin to the schedule. The base ports served are Hamburg, Antwerp, Genoa, Mumbai and Chennai but the service is capable of serving a wide variety of additional ports on inducement. Rickmers Tianjin joins her sistership Rickmers Yokohama and the charter ships Linde, Martin and Baltic Winter on the Indian service. On her maiden voyage from Europe, Rickmers Tianjin was named in the Port of Mumbai on 9 January.
Irene SL Release by Somali Pirates
INTERTANKO is delighted that the Irene SL has been released by the Somali pirates who hijacked this tanker and her 2m barrel oil cargo in February, and that Master, officers and crew are in good health after 58 days in captivity – especially after 12 days being used as a pirate mothership. At the time INTERTANKO’s Managing Director Joe Angelo remarked that the Irene SL hijacking marked a significant shift in Somali piracy, taking the crisis into the middle of the main sea lanes coming from the Middle East Gulf. Her crude oil cargo represented 20% of total U.S.