ExxonMobil announces Mobilgard™ 540 cylinder...

ExxonMobil announces Mobilgard™ 540 cylinder oil engineered to complement low sulphur fuels ahead of 2020 in International Shipping News...

ExxonMobil announces Mobilgard™ 540 cylinder oil engineered to complement low sulphur fuels ahead of 2020
posted on: Oct 23, 2018

What does GDPR mean for...

What does GDPR mean for shipping? in International Shipping News 24/10/2018 The European General Data Protection Regulation (GDPR) entered...

What does GDPR mean for shipping?
posted on: Oct 23, 2018

Norwegian Billionaires Head for Showdown...

Norwegian Billionaires Head for Showdown With Supply Creditors October 22, 2018 by Bloomberg Credit: Solstad Offshore By Mikael Holter (Bloomberg) —...

Norwegian Billionaires Head for Showdown With Supply Creditors
posted on: Oct 23, 2018

Cargo Ship Hits Bridge in...

Cargo Ship Hits Bridge in Japan, Cutting Off Water Supply and Internet to 15,000 October 23, 2018 by Mike Schuler Photo...

Cargo Ship Hits Bridge in Japan, Cutting Off Water Supply and Internet to 15,000
posted on: Oct 23, 2018
Carr: Tons Per Inch Immersion, or What Was I Thinking?

Carr: Tons Per Inch Immersion, or What Was I Thinking?...

posted on: Oct 23, 2018

Carr: Tons Per Inch Immersion, or What Was I Thinking? October 22, 2018 by CW4 MICHAEL W. CARR Photo: Michael Carr By Michael Carr – A 70-ton, 75-foot tug hung in the air 10 feet from the bridge windows. The ships master was attempting to maneuver his vessel sideways, out from under the suspended tug, using his vessels twin screws, and bow thruster. But his plan was not working. A flood current was pushing him forward, and an increasing and unsteady sea breeze was holding him against the dock. The suspended tug, hanging by a single pendant was starting to sway and swing uncontrollably. “Put if back on the deck, now.” He tried to say calmly into his hand held radio. He was talking directly to the crane operator, who was sitting, out of sight, in his cab atop the crane. Down the tug went, back to the ships deck, oh...

Global growth outlook for 2019 dims for first time – Reuters polls

Global growth outlook for 2019 dims for first time – Reuters polls...

posted on: Oct 23, 2018

Global growth outlook for 2019 dims for first time – Reuters polls in World Economy News 23/10/2018 The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn. At the start of 2018, optimism about a robust global economic outlook was almost unanimous among respondents. But Reuters polls of more than 500 economists taken this month showed a downgrade to the outlook for 18 of 44 economies polled, with 23 unchanged. Only three were marginally upgraded. While risks from trade protectionism have been consistently highlighted by Reuters polls since January last year, the latest indicated that growth in about 70 percent of 44 economies surveyed has already peaked. “A simple dynamic is playing out in the global economy right now: the U.S. is booming, while most...

Marine Environment Protection Committee meets

Marine Environment Protection Committee meets

posted on: Oct 22, 2018

Marine Environment Protection Committee meets in International Shipping News 23/10/2018 IMO’s Marine Environment Protection Committee (MEPC 73) has begun a busy session (22-26 October). On Monday, the MEPC moved ahead with its work to deliver the IMO initial strategy on the reduction of greenhouse gas emissions from ships, approving a programme of follow-up actions. A working group on GHG reduction will continue discussions, including the scope of the fourth IMO GHG study. The Committee will address the implementation of the 0.50% sulphur limit. From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating outside designated emission control areas will be reduced to 0.50% m/m (mass by mass). This will significantly reduce the amount of sulphur oxides emanating from ships and should have major health and environmental benefits. IMO has been working with Member States and the industry to support implementation of the new...

ICS and ITF Publish New Guidelines on Welfare Aspects of the ILO MLC

ICS and ITF Publish New Guidelines on Welfare Aspects of the ILO MLC...

posted on: Oct 22, 2018

ICS and ITF Publish New Guidelines on Welfare Aspects of the ILO MLC in International Shipping News 23/10/2018 The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have jointly released new ‘Guidelines for implementing the Welfare aspects of the Maritime Labour Convention (MLC)’. Adopted by the International Labour Organization in 2006, the MLC aims to ensure comprehensive worldwide protection and enforcement of the rights of seafarers, and to establish a level playing field for ILO Member States and shipowners committed to providing decent working and living conditions for seafarers. ICS and ITF emphasise that a number of countries with highly developed arrangements for providing seafarer welfare services and facilities are not yet signatories to the MLC, while many seafarer supply countries have also not yet developed welfare organisations to provide services or facilities for seafarers either at home or abroad. Cover: Guidelines for implementing the...

Navios merges VLCC fleet

Navios merges VLCC fleet

posted on: Oct 22, 2018

Navios merges VLCC fleet Tue 16 Oct 2018 by Craig Jallal, tankers and markets editor Ms Frangou consolidates Navios VLCC fleets Navios Maritime Acquisition Corporation (NMA) has acquired Navios Maritime Midstream Partners (NMP) in a move that consolidates the two VLCC fleets at a time of rising VLCC rates. Officially the acquisition is described as ticking a number of boxes such as simplifying the capital and organisational structure and increase trading liquidity and float of the Navios Acquisition common stock. Under the terms of the transaction, public unitholders of NMP may exchange each NMP common unit for either: 6.292 newly issued shares of NMA common stock (or 0.42 shares, after giving effect to the 1:15 reverse stock split described below); or 1.0 share of a newly issued series of convertible participating preferred stock of NMA.  Each share of preferred stock will be convertible by its holder into 5.1 shares...

India’s rising steel demand is making companies starry-eyed

India’s rising steel demand is making companies starry-eyed...

posted on: Oct 22, 2018

India’s rising steel demand is making companies starry-eyed in Commodity News 22/10/2018 Steel companies are behaving like children in a candy store. Their appetite for distressed steel assets remains robust, despite worrying external events such as trade wars and the resultant scaling down of global growth projections. Despite the fact that investors are worried about steel companies taking on more debt than they should, it has not melted the resolve of India’s steel companies. Could they be on to something? World Steel Association, a global industry body, released its short-range demand outlook this week, saying what was already known that India’s growth ranks highest among major steel-consuming countries, but the gap is widening sharply. Six months ago, World Steel had projected India’s demand to grow by 5.5% in 2018 and 6% in 2019. In its latest report, those numbers have been revised to 7.5% and 7.3%, respectively. The organization...

Weekly Vessel Valuations Report, October 16 2018

Weekly Vessel Valuations Report, October 16 2018...

posted on: Oct 22, 2018

Weekly Vessel Valuations Report, October 16 2018 in Weekly Vessel Valuations Report 16/10/2018 Bulkers: Capesize and Handy values have remained stable, with slight softening in Panamax and Supramax tonnage. Capesize Bulk Asia (181,400 DWT, Jul 2014, Koyo Dock) sold to Eastern Pacific Shipping for USD 40.5 mil, VV Value 39.68 mil. Post Panamax Ikan Kedewas (88,300 DWT, Sep 2006, Imabari) sold to Minoa Marine for USD 12.5 mil, VV Value USD 12.87 mil. Buyer waived inspection. Panamax New Herald (72,900 DWT, Sep 1997, Daedong) sold for USD 5.0 mil, VV Value USD 5.98 mil. Supramax Indigo Evolution (55,600 DWT, Oct 2010, Mitsui Ichihara) sold for USD 15.5 mil, VV Value USD 15.87 mil. Handy BC Voula Seas (28,500 DWT, Jun 2002, Kanda) was sold for USD 6.5 mil, VV Value USD 6.41 mil. Tankers: VLCC and Suezmax values have remained stable this week. There has been a slight firming...

130,000 Sheep Caught in “Paperwork Game”

130,000 Sheep Caught in “Paperwork Game”

posted on: Oct 22, 2018

130,000 Sheep Caught in “Paperwork Game” Al Shuwaikh Australia’s Department of Agriculture (DAWR) has granted a livestock export license to Perth-based Rural Export & Trading WA (RETWA), and the company is now preparing to export 130,000 sheep – critics say this indicates that the government is being treated as “fools.” RETWA’s livestock export license will be used to supply markets in the Arabian Gulf, primarily Kuwait, Qatar and the UAE. The company is the Australian subsidiary of Kuwait Livestock Transport and Trading (KLTT), which operates in Kuwait as Al Mawashi. General manager Mike Gordon says: “We very much understand our obligations in terms of meeting the expectations of the regulator (DAWR), the Federal Minister and most importantly the Australian public. RETWA, our contractors, suppliers and customers need to fully understand the role and expectations of each and every individual in the export process if we are to have a...

Batteries to power Havila newbuilds

Batteries to power Havila newbuilds

posted on: Oct 22, 2018

Batteries to power Havila newbuilds October 16, 2018 Havila Kustruten, Havyard Havila Kystruten has selected Norwegian Electric Systems (NES) and Norwegian Control Systems (NCS) to supply its four newbuild vessels with hybrid electric propulsion and control systems. The delivery includes an energy storage system, which contains batteries with a capacity per vessel of 6,100kWh, more than double that of the biggest battery-operated ferries. The delivery also contains a charging system for onshore recharging of the battery packs. Sales support manager Henry Myhre and President and CEO of Norwegian Electric Systems Tor Leif Mongstad commented: “With this order, we will demonstrate that we have the right technology to meet future requirements for lower emissions and greener shipping.” NES will deliver the generators, complete switchboard systems, trafos, frequency converters for the thruster engines and the energy management system. NCS will deliver products for the order, including an integrated automation system, integrated...

IMO Rolls Out Ship and Port Toolkits

IMO Rolls Out Ship and Port Toolkits

posted on: Oct 22, 2018

IMO Rolls Out Ship and Port Toolkits October 22, 2018 In a mission to combat and reduce emissions across the maritime sector, the national authorities need to first quantify emissions and then develop a strategy to reduce them. Toolkits for assessing emissions In this regard, a new set of toolkits to assess and address emissions from ships and ports have been launched by the International Maritime Organization (IMO), the global regulatory body for shipping. The Ship Emissions Toolkit and Port Emissions Toolkit have been developed under the GEF-UNDP-IMO Global Maritime Energy Efficiency Partnerships (GloMEEP) Project, in collaboration with its strategic partners, the Institute of Marine Engineering, Science and Technology (IMarEST) and the International Association of Ports and Harbors (IAPH). Toolkit available for all Astrid Dispert, GloMEEP Technical Adviser, said the guides – available free to download from the GloMEEP website – would help support countries seeking to develop and...

Procedures: Steps for a proper fire drill under SOLAS

Procedures: Steps for a proper fire drill under SOLAS...

posted on: Oct 22, 2018

Above image is used for illustration purposes only Procedures: Steps for a proper fire drill under SOLAS Fires onboard form a great part of maritime casualties. One way to address them is the proper training through efficient and regular drills, which ensure that crew members are ready to handle a fire onboard. But what are the steps to be followed for a proper fire drill? Maritime Knowledge | 04/10/18 Read in this series Mooring lines handling tips A toolbox meeting guide for enclosed spaces How to conduct a safe cargo fumigation How to maintain food hygiene onboard Tips for safe Fuel Oil Changeover before entering ECAs Steps for a proper fire drill under SOLAS Step-by-step stages of a proper STS transfer As per SOLAS, fire drills must be carried out with specific frequency (depending the vessel’s type) in order to ensure crew’s familiarity with equipment and procedures: Training Fire...

Hong Kong-Flagged Bulk Carrier Attacked by Pirates Off Somalia

Hong Kong-Flagged Bulk Carrier Attacked by Pirates Off Somalia...

posted on: Oct 19, 2018

Hong Kong-Flagged Bulk Carrier Attacked by Pirates Off Somalia October 19, 2018 by Mike Schuler File photo. MarineTraffic.com / Erwin Willemse A Hong Kong-flagged bulk carrier was attacked by pirates off the east coast of Somalia this week showing the persistent threat of piracy despite the the decrease in number of incidents off the Horn of Africa. The attack occurred Wednesday, October 16th, when a group of four pirates armed with AK-47s approached the MV KSL Sydney in a speed boat while approximately 340 nautical miles off Mogadishu, Somalia, according to reports from the IMB Piracy Reporting Centre and EU Naval Force Somalia. The Master raised the alarm and all crew mustered in citadel. The attack was repelled when armed guards on board the bulk carrier returned fire, resulting in the pirates aborting the attack. All crew and the vessel are reported safe. “Due to the application of BMP protection measures...

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