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Author Archives: HellenicShippingNews

UKMTO Weekly Piracy Report 2 December – 8 December 2018

Warnings, advisories and piracy incidents in the Indian Ocean Area by the UKMTO in the past week.

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Tanker Market Rates 09/12/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tanker Market Rates 08/12/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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TOP Ships Inc. Announces New Time Charter With BP

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has agreed a new time charter employment contract for 2 years with BP Shipping Ltd for its product/chemical tanker M/T Eco Revolution. The new time charter will commence in January 2019 immediately after the expiry of the present time charter employment contract. The revenue backlog expected to be generated by this fixture is about $10 million. Evangelos Pistiolis, the ...

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Goltens leads the charge to ballast water treatment

Tightening ballast water treatment regulations are driving shipowners down many paths to compliance. One thing they all have in common, though, is the need for efficient and reliable retrofitting of their ballast water treatment systems (BWT). Goltens is the market leader in BWT retrofits, with a wide range of shipowners who have chosen Goltens to keep them BWT compliant while minimizing asset downtime and cost. The reasons for their BWT choices vary, from beating the rush to compliance, to ensuring the necessary flexibility for vessels calling at ports around the ...

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GMS: “Safety is a mission not an intermission”

Fifteen participants gathered at Yard No. 128 in Alang, India for a training on confined spaces and its hazards to learn corresponding prevention techniques when working in such spaces on ships during the recycling process. During the training, workers shared their past experiences to better recognize any incorrect practices and used safety equipment such as SCBA sets and Emergency Escape Breathing Devices (EEBDs) to gain technical skills that could help them in future situations. In Plot No. 54, almost 50 workers and safety officers attended a Work at Height training ...

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OceanManager opens office in Singapore to expand Asia market presence

OceanManager, one of the leading providers of maritime software solutions, has opened a new office in Singapore and appointed Capt Sanjeev Mathur as Managing Director to lead its planned expansion in the APAC region. A Master Mariner with an MBA from INSEAD, Capt Mathur has built up extensive shipping industry experience over three decades. He has held several senior positions ashore, most recently with Rio Tinto Shipping at Singapore. Mathur brings broad-based experience in HSEQ, operations, business development and training within ship management and ship owner companies to OceanManager. “We ...

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Russia slackens ice-class demands for Arctic shipping

The Russian Transport Ministry aims for a revision of shipping regulations in Arctic waters. In a new normative act, the ministry calls for the introduction of new zones with lower ice-class requirements. Currently, the Arctic sea route is divided into seven parts with different ice-class requirements. The new regulations will diversify those areas. «It is necessary to specify criteria for the ships’ access to the waters of the Northern Sea Route, and add several areas to the currently existing seven areas», the ministry says. «This will enable us to create ...

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Damen’s Innovative Rsd Tug 2513 Nominated For Knvts Ship Of The Year Award

Damen’s radical new ‘always bow first’ RSD Tug 2513 has reached the final stage of this year’s prestigious Maritime Award KNVTS Ship of the Year prize. As one of the last three entrants in contention for the award, the Damen RSD Tug 2513 will be judged on a range of criteria including its design, safety, economy, durability and construction process, and the winner will be announced at the Gala Dinner taking place on 12th November. The 25-metre RSD Tug 2513 is the result of years of research and development by ...

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Empty box handling woes stack up

Charges for storage of empty containers at ports are “absolutely too low”, but a bigger problem is the lack of focus on comprehensive strategies for empty handling, according to a port executive. Speaking exclusively to Port Strategy, Steveco’s Tapio Mattila said that neither approach was advisable and that strategies for handling and storage of empties need support from landlords and port authorities. Sales and marketing senior vice president at the Swedish stevedore, Mr Mattila recommended against arbitrarily raising empty container storage rates to disincentivise shipping lines from long-term storage as ...

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SC Cuts Shipping Charges At Seaports

The Nigerian Shippers Council (NSC) yesterday said it has been able to reduce cost of doing business at the nation’s seaports by reducing shipping charges from 22 to five in the last few years. This was disclosed by the executive secretary of the Council, Barr. Hassan Bello, when he paid a courtesy visit on the newly- elected president of the Manufacturers Association of Nigeria (MAN), Engr. Mansur Hamed at the MAN House, Ikeja. Bello said the inefficiencies of the seaports had led to diversion of cargoes to neighbouring ports but ...

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USPA has signed a Memorandum of cooperation with two leading ports of Egypt

The Memorandum of cooperation between the Ukrainian Sea Ports Authority and authorities of two Egyptian ports – Alexandria and Damietta – was signed in Kyiv on 2nd of November. In the future, it is planned to establish a bilateral working group with representatives of shipping lines, traders, port operators to discuss the implementation of joint projects. The signing was held in Kyiv within the framework of the Seventh Meeting of the Intergovernmental Joint Commission on Economic, Scientific and Technical Cooperation between Ukraine and the Arab Republic of Egypt. From the ...

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After oil imports from Iran surge, India must now contemplate big cuts

India’s oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of U.S. sanctions, a Reuters analysis of industry data shows, forcing the government to rein in purchases in coming months. India’s oil imports from Iran jumped by about 34 percent in April-October from a year earlier, totalling 603,000 bpd or 17.7 million tonnes, tanker arrival data showed. The sharp increase was due to front-loading of purchases by Indian refiners ahead of renewed U.S. sanctions on Tehran, which came into effect on Monday. By ...

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Abu Dhabi could develop significant LNG export capacity by 2024

Abu Dhabi can expect to develop significant liquefied natural gas export capacity by 2024, on the back of the latest discoveries of oil and gas reserves, according to consultancy Wood Mackenzie. “To export LNG at capacity (around 5.6/5.8 million metric tonnes per annum) requires a little over 1 billion cubic feet per day to be sent to the liquefaction plants,” said Tom Quinn, senior research analyst for Middle East at Wood Mackenzie. This additional production, however, would require refurbishment of existing facilities. “We expect the plant could export at capacity ...

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Venezuelan crude sales to the U.S. fell 19 pct in October

Venezuela’s crude sales to the United States declined 19 percent in October from September due to lower exports of upgraded oil from the country’s largest producing region, the Orinoco Belt, according to Refinitiv Eikon data. A chronic lack of investment, new military-led management at state-run oil company Petroleos de Venezuela SA, known as PDVSA, and sanctions imposed on the company by U.S. President Donald Trump’s administration have contributed to lower exports of Venezuelan oil in recent years, especially to the United States. Shipments of Venezuelan crude to the United States ...

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