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Seafarer journeys in spotlight for Day of the Seafarer 2022

Seafarers are sharing their maritime voyages across social media to mark the Day of the Seafarer 2022. The maritime world is changing, fast. Ships are now operating greener, with greater digitization, and with more diverse crews. As the lifeblood of the shipping industry, seafarers are at the heart of this evolution, implementing new regulations, learning new skills and adopting safer, more efficient working practices. As the world’s merchant fleet traverses the oceans, the crews onboard these ships continue their career journey. The International Maritime Organization (IMO) is focusing on seafarer’s ...

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Tankers: Product Tankers Under Pressure, as VLCCs Step Up Their Recovery

Clean The Middle East Gulf has suffered muted activity on both the LRs and MRs this week. As a result, freight has been put under pressure, TC1 has dropped 7.86 points to WS292.1 and TC5 has also dipped WS27.15 to WS352.1. On the MRs TC17 has taken a 50.83 point hit down to WS494.2. Despite this, both LR routes are still returning over $50k /day and the MRs over $45k /day round-trip TCE. In the West the LR2s of TC15 have fluctuated around the $4.6-4.4.75m mark all week with the ...

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U.S. Port Backups Are Extending Into Freight Rail Supply Chains

Port bottlenecks that have tied up U.S. supply chains are spreading from the docks to the country’s freight rail networks, raising costs and adding new shipping complications for importers trying to manage the flow of goods. Some retailers are waiting weeks to move cargo by train out of Southern California’s ports of Los Angeles and Long Beach, while others are giving up on the railroads and shifting shipments of furniture, apparel and other consumer goods to trucks for long inland journeys on highways. The backups stretch to major freight hubs ...

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Working hours leaves no time for exercise, suggests SHI Q1 2022 results

Seafarers Happiness Index (SHI) Quarter 1 2022 results kickstarts the year, but seafarers are off to a rocky start. At an overall average score of 5.85/10, down from 6.41 in Q4 2021, it is the lowest level of satisfaction across 8 years of reporting. This is also the second time that happiness levels across all the questions have fallen. Spending a longer time onboard at sea puts the rest of the physical and working environment onboard under scrutiny. Fortunately for many respondents, the food was well received, with options that ...

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Mitsui O.S.K. Lines, Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding Start Joint Development on Net Zero Emission Ammonia-fueled Ocean-going Liquefied Gas Carrier

Mitsui O.S.K. Lines, Ltd., Tsuneishi Shipbuilding Co., Ltd. and Mitsui E&S Shipbuilding Co., Ltd. announced the launch of a joint project aimed at developing and building an ocean-going liquefied gas carrier that will use ammonia as its main fuel. The vessel is envisioned as a mid-size ammonia/LPG carrier equipped with a main engine that can run mainly on ammonia, and targeting to achieve net zero carbon dioxide (CO2) emissions while underway by using some of its ammonia cargo as fuel. This ship type is in the mainstream of ammonia carriers ...

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The Poseidon Principles – what will it look like in practice?

The Poseidon Principles for Marine Insurance (PPMI) formally came into effect in May 2022, and the Signatories are getting ready to begin their first climate alignment reporting exercise, meaning that they will publicly disclose the carbon intensity of their hull and machinery (H&M) portfolios. As with all new initiatives, however, many are wondering about the practicalities. What will it mean for our clients? How will emissions data be collected and what will they eventually be used for? To get some answers, we sat down with Gard’s PPMI expert and Head ...

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Asian demand, rising costs squeeze Europe’s LNG import plan

Europe’s plan to get through a winter of difficult Russian gas supply with significant imports of liquefied natural gas (LNG) is at risk, with U.S. supply curtailed by a key plant outage, rising demand in Asia and soaring prices. The region’s commitment to sever dependence on Russian supply due to its war with Ukraine has lead to heavy reliance on LNG imports, mainly from the United States, to meet targets on filling gas storage to 80% by November. Countries are bracing for a potential complete cut-off from Russian gas with ...

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India’s crude oil imports from Russia jumps 50 times; now accounts for 10% of all import

Russia has now emerged among the top 10 suppliers of crude oil to India. From all the crude oil purchases from overseas, India’s imports from Russia have climbed more than 50 times since April. With that, Russian oil imports now account for 10% of India’s total crude imports basket. Prior to the Ukraine war, Russian imports were just 0.2% of all the oil imported by India. An official told reporters, that Russian oil now makes up 10 percent of India’s oil import basket in April. It is now among the ...

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Port of Antwerp: Ready for a new era

“Trade with the UK continues to flow,” says Tom Hautekiet, Chief Commercial Officer at Port of Antwerp-Bruges. “The Republic of Ireland has seen an increase in traffic of 25.3% (2021 vs 2020). UK trade is up by 1.2% (2021 vs 2020).” The end of the old world “For the first three months of the year there’s been a growth of 6% in imports from the UK through North Sea Port alone. Overall, we’re going back to normal although there are still problems for small companies. For them things have become ...

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MoEI launches “Salmeen” initiative to reinforce the wellbeing of seafarers around the world

In conjunction with the Day of the Seafarer, the UAE Ministry of Energy and Infrastructure has launched ‘Salmeen,’ an initiative that aims to provide care to provide seafarers and those working in the maritime sector with comfort and safety. The initiative aims to cater to the seafarers needs, as they are one of the most important pillars of the maritime industry. ‘Salmeen’ contributes to enhancing the quality of life for seafarers and overcoming the challenges they face due to the pandemic and travel restrictions. The UAE is a key logistics ...

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Matson Signs Contract for ME-GI Retrofit

Matson Navigation Inc. and MAN Energy Solutions have signed a contract for the retrofit of the main engine aboard the ‘Daniel K. Inouye’, a container ship in the Matson fleet. Constructed in 2018, MAN Energy Solutions’ after-sales division, MAN PrimeServ, will retrofit the 3,600 teu vessel’s MAN B&W 7S90ME-C engine to an MAN B&W 7S90ME-GI type capable of operating on LNG and fuel oil. The contract includes an option for a second vessel. Jens Seeberg, Head of Retrofit & Upgrades at MAN Energy Solutions, PrimeServ Denmark said: “Retrofitting an MAN ...

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Romanian port struggles to handle flow of Ukrainian grain

With Ukraine’s seaports blockaded or captured by Russian forces, neighboring Romania’s Black Sea port of Constanta has emerged as a main conduit for the war-torn country’s grain exports amid a growing world food crisis. It’s Romania’s biggest port, home to Europe’s fastest-loading grain terminal, and has processed nearly a million tons of grain from Ukraine — one of the world’s biggest exporters of wheat and corn — since the Feb. 24 invasion. But port operators say that maintaining, let alone increasing, the volume they handle could soon be impossible without ...

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Beyond the Ocean Shipping Reform Act: Recent FMC Decisions and Settlement Implications

Since its passage on June 16, 2022, the shipping industry is understandably focused on the implications of the Ocean Shipping Reform Act of 2022 (OSRA) (Pub. Law No. 117-146, 2022 Enacted S. 3580), and the rulemakings that will follow. In the meantime, the ongoing activities at the Federal Maritime Commission (FMC) are continuing to establish guidance on shipping practices and charges through its investigation and adjudicatory authority. Background and Investigations First, as addressed in a previous Holland & Knight alert, FMC Commissioner Rebecca Dye recently released the Final Report on ...

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JAXPORT completes final phase of $100 million in berth improvements to enhance container handling capabilities at Blount Island

The Jacksonville Port Authority (JAXPORT) announced the completion of the final phase of $100 million in berth enhancements at the SSA Jacksonville Container Terminal (JCT) at Blount Island. The last stage of the project, the rehabilitation of 700 linear feet of deepwater berthing space, was completed at the end of June in coordination with the recently completed Jacksonville Harbor Deepening Project. The SSA JCT now features a 47-foot channel depth with 2,400 linear feet of newly rebuilt berthing space capable of simultaneously accommodating two post-Panamax container ships. The multi-faceted berth ...

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Latin American soybean oil prices return to pre-war levels amid weaker demand

South American FOB soybean oil outright prices have fallen by nearly 30% from all-time highs reached in late April, back to pre-Russia-Ukraine war levels, as demand has been weak while the global vegetable oil market is experiencing worsening macroeconomic conditions. Both the Argentinian FOB Up River and the Brazilian FOB Paranagua soybean oil prices for August dates were assessed at $1,391.34/mt June 23, the lowest for a front-month loading cargo since Jan. 24, according to Platts data from S&P Global Commodity Insights. Edible oil prices posted a sharp rally over ...

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