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Ship that hit Baltimore bridge also involved in 2016 Antwerp accident

The ship that caused the collapse of the Francis Scott Key Bridge in Baltimore early on Tuesday was also involved in an accident in the port of Antwerp, Belgium, in 2016. The Antwerp port authorities said the container ship Dali hit a quay on July 11, 2016, as it tried to exit the North Sea container terminal. The port authority could give no details about the cause of the accident, but said the ship had remained at the dock for repairs for some time after the incident. “As a general ...

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EU Policy. Member states favour exempting international shipping from EU microplastic rules

Environment ministers have broadly contested the inclusion of maritime transport in EU rules to counter microplastic pollution, arguing during an Environment Council meeting that unilateral European action would have limited impact and the International Maritime Organisation (IMO) should take the lead. Cyprus, Czech Republic, Finland, Germany, Greece, Italy, Latvia, Poland and Slovenia are among the member states which on Monday (March 25) have been vocal against the inclusion of maritime transport in the European Commission proposal to reduce microplastic pollution from industrial pellet losses, tabled last October. Environment Ministers said ...

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Final sanctioned tanker with Russian Sokol oil to reach China port, data shows

The seventh and final tanker carrying Sokol oil and sanctioned by the U.S. will arrive at China’s Tianjin port on Tuesday night to discharge its Russian oil cargo, LSEG and Kpler shipping data showed, clearing a backlog of the crude stored on ships. The six other sanctioned tankers offloaded their Sokol oil cargo in China earlier this month, pushing China’s March imports of seaborne Russian oil to a record high. The tankers have all been sanctioned by the U.S. over Russia’s war in Ukraine but most of the deliveries are ...

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U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of Ammonia Dual-Fuel and De-Carbonised vessels

U-Ming Marine Transport (S) Pte Ltd (U-Ming), a subsidiary of Taiwanese-listed U-Ming Marine Transport Corporation, announced today that it has signed a Memorandum of Understanding (MoU) with ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President and COO) to explore discussions on jointly owning and operating ammonia dual-fuel bulk carriers. Leveraging U-Ming’s experience and expertise, the collaborative efforts with ITOCHU are expected to play a leading role in driving decarbonisation in international shipping. U-Ming’s understanding, implementation, and commercialisation of dual fuel technology has allowed the company to build strong relationships ...

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Bidding Announcement of AHTS “ZJ2024-022”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 14:00 to 14:30 (Beijing time) on April 12th,2024. 1. Bidding Object “ZJ2024-022” Type:AHTS Class:ZC PoR:Yantai Trading Area:offshore Built time:December 20th, 2010 Builder:Wuhan Second Shipyard LOA/Breadth/Depth:53.30m*11.58m*4.42m DWCC:459t Light weight: 772.25t Draft: 3.5m GRT/NRT:768/430 M/E:Daihatsu 6DL-28,2×1471kW×720r/min Main propulsion:FPP propeller Bow thruster: KT-34, 1×125 kW Other parameters: Minimum safety manning:9 persons Deck area:210m² External fire-fighting equipment: 2 fire monitors,2*1500 m³/h Bollard Pull:500KN FO tank:305.47m³; LO tank:4.24m³; FW tank:256.78m³; BW tank:178.31m³ All the information and data refer ...

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Port Authority appeals to EU: position ports smartly for future-proofing Europe

The European Union faces the challenge of reconciling the transition to a sustainable economy with preserving our prosperity. Fit for 55 and REPowerEU are aimed at achieving this. The Port of Rotterdam Authority emphasises to the future European Commission and Parliament the need for stable policies and a vigorous stimulus of green energy and a circular economy. Boudewijn Siemons, CEO of the Port of Rotterdam Authority: “Put implementation of the energy transition centre stage and use European ports intelligently to secure strategic autonomy.” Geopolitical tensions and increased pressure on industry ...

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Baltic index hits near one-month low as rates drop for all segments

The Baltic Exchange’s main sea freight index dropped to a one-month low on Tuesday, dragged down by weakness across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 134 points, or 6.3%, to 1,989 points, its lowest level since Feb. 27. The capesize index lost 331 points, or 10.1%, at 2,964, down for the sixth straight session. Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such as iron ore and coal, decreased by $2,745 to $24,580. Iron ...

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Decarbonization efforts will lead to a net increase of 237 Bn ton-miles, predicts Veson Nautical

Analysis from Mikkel Nordberg, Veson Nautical’s Senior Shipping Economist, indicates that the advantages stemming from the expansion of renewable energy capacity may outweigh the negative effects of diminished coal demand. When considering a medium-term timeframe spanning from 2023 to 2026, Mr. Nordberg’s estimations project that decarbonization efforts could result in a net increase of 26 million tons and 237 billion ton-miles. Decarbonization should not be considered unfavorable by dry bulk owners, as it will likely be a key demand driver the next couple of years. Renewables set to overtake coal ...

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Baltimore bridge collapse: potential for significant supply chain disruption

The Francis Scott Key Bridge in Baltimore has collapsed after it was struck by a container ship at around 1.35am ET. The container ship involved is the Singapore-flagged Dali which can carry just under 10 000 TEU (20ft shipping containers) and was operating on a 2M alliance service between Baltimore and the Far East. Emily Stausbøll, Market Analyst at Xeneta – the ocean freight shipping rate benchmarking and intelligence platform, said: “This is a tragic and extremely serious mass casualty event and our thoughts are with all those people involved. ...

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Shipping majors profiteering from EU carbon emissions charge – study

Shipping giants are profiteering from the EU’s carbon market (ETS), a new Transport & Environment (T&E) study shows. A sample of more than 500 journeys to and from European ports shows that in nearly 90% of cases, shipping companies are charging customers more than the actual costs of the EU ETS. In one extreme case, the Danish company Maersk will likely make more than €300,000 extra off a single voyage. T&E says port evasion – the act of circumventing the carbon market – should not be used as an excuse ...

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Why did the Baltimore bridge collapse and what do we know about the ship?

Baltimore’s Francis Scott Key Bridge collapsed early on Tuesday after a container ship smashed into the four-lane span, plunging cars into the river. WHAT HAPPENED IN BALTIMORE? At 1:27 a.m. ET (0527 GMT), a container ship named the Dali was sailing down the Patapsco River when it struck a pylon of the bridge, crumpling almost the entire structure into the water. There was no indication of terrorism, police said. ARE THERE ANY CASUALTIES? The headlights of vehicles could be seen on the bridge as it crashed into the water and ...

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Sagitta Marine forecasts volatility and opportunity for small bulker sector

Sagitta Marine Managing Director Thomas Zaidman thinks the Handysize and Supramax segments could see positive fortunes for the balance of 2024 thanks to firm demand and lingering market risks. He told the recent Marine Money Panama conference that in the smaller ship space this year he expects to see “volatility due to political risk, together with several pockets of climate and political congestion creating tightness that could bring prices up.” Despite the risks of congestion and delays at the Panama Canal forecast to ease slightly, Zaidman observed “that doesn’t mean ...

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OceanScore identifies EU ETS best practice to tackle ‘strategy gaps’ on compliance

Many shipping companies are still striving to define their strategy for EU ETS compliance some 90 days after implementation of the complex regulation, according to OceanScore, as it leverages lessons learned from clients to date to define best practice. Shipowners are now required to acquire and account for EU Allowances (EUAs) on an ongoing basis, as well as allocate these to charterers, to cover the cost of their emissions from 2024 under the initial three-year phase-in of the EU Emissions Trading System (EU ETS). But Albrecht Grell, co-Managing Director of ...

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East of Suez Fuel Availability Outlook

Singapore and Malaysia Prompt availability of VLSFO has improved a bit in Singapore. Most suppliers recommend up to 12 days of lead time, while some can accommodate stems in as little as three days in the port. This has improved from the week prior, when traders recommended longer lead times ranging between 9-13 days. Three suppliers are struggling to meet delivery schedules in Singapore. HSFO prompt supply is tight, with lead times of 8-14 days recommended, unchanged from last week. In contrast, LSMGO has shorter lead times of 3-9 days. ...

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Asia Fuel Oil-Cash differentials fall amid abundant supplies

Fuel oil benchmarks in Asia declined on Tuesday as expectations of high supplies in March from the Middle East and the West weighed on market sentiment, analysts and traders said. Singapore’s cash differentials for very low sulphur fuel oil MFO05-SIN-DIF were down by 42 cents to $1.18 per metric ton. Spot 380-cst high sulphur fuel oil differentials FO380-SIN-DIF fell further in discounts to Singapore quotes at $3.01 per ton. Total fuel oil arrivals into Asia will likely rise by 49% to 7.51 million ton in March, assessment by LSEG showed. ...

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