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Containership Orderbook: Not Just A One Horse Race

This year has seen a further shake up in the profile of the containership orderbook. A decline in ordering in the larger boxship sector has been a major driving factor, most notably causing a significant reduction in the size of the South Korean orderbook. This month’s Shipbuilding Focus takes a closer look at the range of factors impacting the structure of the containership orderbook today. Racing Downhill The global containership orderbook stood at 368 vessels of a combined 2.8m TEU as of the start of November, representing a 58% decline ...

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When Shipping Petroleum, Air Pollution and Greenhouse Gas Emissions Costs More Than Accidents

While the policy debate surrounding crude oil transportation costs has emphasized accidents and spills, a new study by Carnegie Mellon University and University of Pittsburgh researchers indicates the debate is overlooking a far more serious external cost—air pollution and greenhouse gas emissions. Heinz College of Information Systems and Public Policy Professors of Economics and Public Policy Karen Clay and Akshaya Jha, the Department of Engineering and Public Policy and Tepper School of Business Lester and Judith Lave Professor of Economics Nicholas Muller, and the University of Pittsburgh Department of Economics Associate Professor Randall Walsh, presented ...

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Dry bulk: Ship operators bullish for Supramax freight rates in Northwest Europe

Supramax freight rates in the UK Continent and Baltic are expected to tick higher in coming weeks, ship operator sources said, after scrap charterers were seen Monday circulating cargo requirements for mid-December dates. With scrap charterers typically fixing stems 1-2 weeks out, their interest in mid-December dates indicates they expect freight rates to recover and are trying to lock in cheap prices now, sources said, after levels plummeted in recent weeks due to low cargo availability. A lack of scrap and fertilizer cargoes saw freight rates in the region collapse ...

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France to push LNG as shipping fuel – PM

France will support the uptake of liquefied natural gas (LNG) as a cleaner fuel for ships by encouraging ports to develop the necessary infrastructure, its prime minister said on Tuesday. LNG has been promoted as an alternative to fuel oil for a shipping sector facing tougher emissions standards from 2020, and French-based container shipping giant CMA CGM said this month it would be the first to use LNG to power giant container ships. France will modify regulations on LNG to allow refuelling to take place at ports, and consider changing ...

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FLEX LNG Ltd Sees Modern LNG Ships Commanding a Premium

FLEX LNG LTD., an emerging leader in the Liquefied Natural Gas (“LNG”) shipping and floating regasification market, yesterday reports unaudited results for the three and nine months ended September 30, 2017. Highlights for Q3 2017: Reported Revenues of $9.8m vs. $8m in previous quarter. Reported Operating Loss before Depreciation of $4.1m vs. Operating Loss before Depreciation of $7.4m in previous quarter. Reports loss before tax for the third quarter of $4.0m, or $0.01 per share and $11.7m, or $0.04 per share, for the nine months ending September 30, 2017. During ...

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Ship Operators Need To Set Clear Definitions To Ensure Purchase Of Asbestos-Free Products

To state materials must be asbestos free is not enough when ordering materials. To comply with marine regulations on hazardous materials, ship owners and operators need to better protect themselves against the potential of parts, spares and other outsourced materials containing asbestos. The warning comes from hazardous materials management specialist Lucion Marine, who say that it is not enough for procurement departments to simply say that materials should be ‘asbestos-free’ and more needs to be done to specify what this means as part of their standard terms and conditions of ...

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Concern over cyber liability and lack of regulation hindering implementation of unmanned ships

Almost two thirds (64%) of global marine industry executives believe there is uncertainty surrounding liability issues relating to unmanned ships should a vessel be involved in an incident as a result of a cyber-attack, according to a new report from global law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST). A survey of 220 marine industry executives from across the world also found that there is a lack of clarity around collisions involving unmanned ships, with 59% of survey respondents agreeing there is confusion ...

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Hapag-Lloyd adds low-carbon refrigerant containers from Maersk Container Industry

The company invests in 1,000 Star Cool Integrated™ containers chilled by the environmentally friendly R513A refrigerant system. To maintain and expand its container fleet, Hapag-Lloyd, a global container line, has purchased 3,700 Star Cool Integrated™ containers as part of their recent Reefer Investments from Maersk Container Industry (MCI). Of these, 1,000 Star Cool units will be chilled by the environmentally friendly R513A refrigerant system with a Global Warming Potential (GWP) of less than 56 percent of the commonly used R134A refrigerant. Reducing carbon emissions Eager to support the market adaptation ...

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ABB Ability™ Marine Pilot Vision looks beyond human vision for ship automation

ABB has unveiled a new situational awareness solution that will make vessel operations safer and more efficient. The solution can be used by officers anywhere onboard a ship and marks the next step towards remotely controlled and ultimately autonomous ships. ABB Ability™ Marine Pilot Vision takes advantage of the latest advances in sensor technology and computer vision to offer multiple real-time visualizations of a vessel’s surroundings and new ways of perceiving its situation. A virtual model of the ship is superimposed on real surroundings, making it possible to see the ...

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Langh Tech delivers hybrid scrubbers and EGR water treatment systems to container vessels

Langh Tech delivers hybrid exhaust gas scrubbers and EGR water treatment systems to 2,150 TEU container vessels on order at Guangzhou Wenchong Shipyard. Three container vessels on order for shipping companies Eimskip Island ehf and Royal Arctic Line A/S will be equipped with Langh Tech hybrid scrubber systems and water treatment systems for exhaust gas recirculation (EGR). The newbuildings are of a new energy-efficient design developed by Deltamarin, and will be built by the Guangzhou Wenchong Shipyard in China. The in-line scrubbers are multi-inlet installations, where the main engine and ...

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Cosco Energy Transportation Orders New Tankers Worth more than $500 million

On 20 November 2017, the Company entered into the Agreements with the Vendor for the construction of the VLCCs and the Suezmaxs. The total consideration for the construction of the VLCCs and the Suezmaxs is RMB 3,673,154,400 (equivalent to approximately HK$4,328,079,370). The entering into of the Agreements constitutes a major transaction of the Company under the Listing Rules as certain of the applicable percentage ratios (as defined under the Listing Rules) in respect of the transactions exceed 25% but are all less than 100%. The EGM will be convened for ...

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Report from IBF talks, London

On Friday the 17 November 2017, representatives from the discussion groups of the Joint Negotiating Group (JNG) and the International Transport Workers Federation (ITF) met to continue discussing various issues that had been identified during the last round of negotiations which took place in Tokyo in July. The parties made significant progress on important issues and have agreed to hold the final round of negotiations in February 2018. Both parties are committed to finding solutions and concluding a new IBF Agreement during that round. It was also agreed that the ...

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Caribbean Maritime University Honours CSA Members

Four members of the Caribbean Shipping Association (CSA) were bestowed the Caribbean Maritime University’s (CMU) most prestigious honours at their inaugural graduation ceremony. The ceremony was held on November 14 at the Jamaica Conference Centre. The honourees are Dr Grantley Stephenson, Dr Ronald Malins-Smith, Marc Sampson and Stephen Bell. Dr Grantley Stephenson Dr Grantley Stephenson was conferred the doctor of science in port management, honoris causa, for his remarkable contribution to the shipping industry. He has been an influential figure in the region’s shipping industry for more than 40 years, ...

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HullWiper wins ‘milestone’ environmental award at world’s leading tanker conference

The tangible financial, operational and ecological benefits offered by the HullWiper hull cleaning system has won it a major accolade at the world’s leading tanker gathering, the Tanker Shipping & Trade Conference, Exhibition and Awards held recently in London. Organised by Tanker Shipping & Trade magazine, the two-day conference brought together professionals from across the entire tanker shipping trade globally to discuss the business, operational and technical issues impacting the crude, product and chemical tanker trades. HullWiper delivers a foul-free hull with little or no down-time, whilst preserving both the ...

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New Hempaline Defend range now available in North America

Global coatings manufacturer Hempel is today, 21 November, launching the Hempaline Defend epoxy and vinyl ester range of protective coatings to its North American customers. This launch marks a strategic milestone in Hempel’s energy strategy. Designed for the oil & gas and power industries, Hempaline Defend epoxy and vinyl ester linings are specifically tailored to protect equipment used in hostile and challenging conditions. This includes storage tank bottoms, process vessels, secondary containment areas, produced water tanks, API 12 F, power plant flue gas desulphurization ducting and absorbers. These new high ...

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