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The Nautical Institute appeals for seafarer feedback over S-Mode

The Nautical Institute today announced a consultation to help assess the latest proposals for standardised navigation equipment. The latest suggestions were presented at the IMO’s 5th NCSR (Navigation, Communication and Search and Rescue) Sub-committee meeting by the Institute and other stakeholders including CIRM (Comité International Radio-Maritime), the Western Norway University of Applied Sciences, and delegation members from Australia and the Republic of Korea. Navigators’ views are sought on the latest concept for S-Mode which is in its final stages of development before being finalised next year. This is for an ...

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Skillsfuture Singapore, MPA And Maritime Union To Inject $12.6 Million In Training Next Generation Of Seafarers

The Singapore maritime industry looks well-positioned for the future, with strong support from SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA), and Singapore Maritime Officers’ Union (SMOU) in the form of continued funding for the Tripartite Nautical and Engineering Training Award (TNTA & TETA) Programmes worth S$12.6 million. The TNTA and TETA programmes, will receive funding support from SSG, MPA and SMOU. The two cadet training programmes are recognised as key opportunities for Singaporeans to develop themselves to the fullest potential through progressive and fulfilling career pathways. ...

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West African pirates taking hostages for ransom as oil prices tank

Chirag Bari’s merchant ship MT Marida Marguerite was nearing the Gulf of Aden when the vessel was boarded by Somali pirates. “I approached the bridge; I heard noises coming from inside the bridge,” he said. “Then I saw the pirates. “I could see a person with an AK47 in his hand, pointing the gun on to me.” The chemical cargo ship was meant to be travelling from Mr Bari’s native India to Belgium. Instead, he and his fellow crew members were towed into waters off the Somali coast and held ...

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Are You Cybersecutiry Ready?

Across the global maritime community, vessels, ports and facilities are increasingly dependent on cyber systems. Failure to anticipate and prepare for a cyber incident could lead to disastrous consequences. While the IMO has given ship-owners and managers until 2021 to incorporate cyber risk security into ship safety management systems. Tanker owners and operators that are subject to vetting under OCIMF should have been addressing cyber security risks in their policies and procedures since 1st January 2018. In April 2017, the OCIMF issued TMSA Version 3. In addition to the inclusion ...

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Avanza Successfully Trials Daikin’s Active Ca For Avocados

AVANZA, a leading supplier of premium Hass avocados, has completed a successful trial with Daikin Reefer, a leading global supplier of container refrigeration equipment. Using Daikin’s Active Controlled Atmosphere (CA) technology, AVANZA trialled a proof of concept shipment of 6,500kg avocados between the ports of Tauranga, New Zealand, and Busan, Korea. The positive outcome now sees Daikin’s Active CA in pole position for transportation of next season’s avocados. The trial took place in December, towards the end of the New Zealand avocado season, which runs from September to January. As ...

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This tanker is the first to sail across the melted Arctic in winter

Container ships using the Northern Sea Route across the top of the world can cut the length of voyages by 40% compared with travelling via the Suez Canal, the Arctic Council says. However, while in summer the Northern Sea Route is more accessible, in winter it is treacherous and can only be kept open with the assistance of specialist icebreaker ships. That is, until the Teekay’s Eduard Toll vessel set out from South Korea in December heading for the Sabetta liquefied natural gas (LNG) terminal in northern Russia. The tanker, ...

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Like ‘banging your head against a brick wall’: Maritime sector on dealing with Government on Brexit

The top figure in Britain’s £40bn maritime sector has said liaising with the Government over Brexit is like “banging your head against a brick wall”. David Dingle, the chairman of industry body Maritime UK, urged ministers to put “pragmatism over politics” as he warned of a possible “meltdown” at Britain’s ports on the day the country leaves the EU. Speaking to reporters in central London this week, Mr Dingle called for an open-ended Brexit transition period and expressed pessimism that technology or beefed-up infrastructure could fill the absence of a ...

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Thailand Merchant Marine can play a bigger role

Notwithstanding Thailand geographic location, which puts nation outside main global cargo flows, Thai’s merchant marine fleet is listed in top 35 nations, albeit second-to-last, with Oman closing the list. As of 2017, total number of Thailand-owned ships was 393 (7,022,484 tons of dwt), with comparatively small percentage of ships registered under foreign flags, 27.84 percent against world average of 70%. Thailand Flag is among Top 35 Registries, with 781 vessels (including fishing vessels) registered under Thailand Flag of 5,374,875 dwt tonnage. As of year 2010, Thai Merchant Marine Fleet of ...

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Golden Ocean Group Improves Net Income on Improved Dry Bulk Market

Golden Ocean Group Limited, a leading dry bulk shipping company, today announced its results for the quarter and year ended December 31, 2017. Highlights Net income of $27.1 million and earnings per share of $0.19 for the fourth quarter of 2017, compared with net income of $0.4 million and earnings per share of $0.00 for the third quarter of 2017 and net income of $6.5 million and earnings per share of $0.06 for the fourth quarter of 2016 Net loss of $2.3 million and loss per share of $0.02 for ...

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U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China

The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. The Louisiana Offshore Oil Port, or LOOP, the only deep water port in the U.S. able to handle the industry’s biggest tankers, said in a statement it had successfully completed the first loading of a very large crude carrier. Shipping data compiled by Bloomberg show the tanker is the Saudi Arabian-owned Shaden, now heading to the Chinese port of Rizhao. ...

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China’s robust appetite for raw materials to boost freight demand: Bimco

China’s strong demand for iron ore, coal and crude is driving up the demand for ships and is serving as an engine of growth for the dry bulk shipping and the tankers’ sector, Baltic and International Maritime Council said in a report last week. “Not only is China repeatedly importing larger volumes, it is also sourcing most of its imported iron ore from seaborne exporters with more than 98% of the imports arriving via sea,” Peter Sand, Bimco’s chief shipping analyst, said. Bimco is the world’s largest international shipping association, ...

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Dry Bulk FFA: Capesize Market Keeps Upwards Momentum

Capesize FFA Commentary: Cape paper continue to nudge higher despite a physical market that is struggling to reverse the recent slide in rates and the ongoing holidays in the far east. The appetite from buyers could be a result of the recent positivity that has the investment world focused on freight rates making a come back in 2018 but, without a swift improvement in the physical, the current FFA rates may prove too much to buy into for many. Panamax FFA Commentary: A quiet start to the week on Panamax ...

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Indonesia’s new protectionist rules are worrying at times of free trade talks with the EU

European shipowners are opposing a decree Indonesia adopted recently. The new law imposes that certain commodities can only be transported for import or export by national maritime transport companies. Commodities affected are coal, crude palm oil, rice and goods for government procurement. This new law is a clear measure of protectionism and will impact seriously European shipping companies that have longstanding access to this market. European shipowners also warn that it puts at risk the Indonesian’s business climate and confidence for foreign investors. Martin Dorsman, ECSA’s Secretary General comments: “In ...

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Odfjell: Rather solid progress in challenging market

Odfjell posted its 4Q17 report Thursday morning with revenues and adj. EBITDA above our estimates. Both the Tankers and the Terminals showed continuous progress. The challenging chemical tanker market is expected to continue into 2019, this year being a turning point due to improving fundamentals. To reflect the gain on sale of Singapore Terminal Odfjell decided to propose an extraordinary dividend of NOK 1.5/sh (5% div. yield). We made only limited changes to our estimates following the report and reiterate Buy recommendation with NOK 40/sh Target Price as we see ...

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Race is on to meet new pollution regime for ships, Wartsila boss warns

Shipowners are scrambling to comply with tough new pollution rules that are due to come into effect at the end of next year, according to one of the world’s biggest engine manufacturers. Jaakko Eskola, chief executive of Wartsila, the Finnish engineering group, said that owners had been aware of imminent changes to the sulphur content of fuel used by big commercial vessels since 2016, but many had only just started taking action. The new rules, which will cut the permissible level of sulphur in marine fuel to one seventh, apply ...

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