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International Shipping News

Topeka, the Wilhelmsen owned zero emission shipping company, launches two carbon neutral, methanol fuelled container newbuilds

Benefitting from dramatically reduced emissions, the two new-build ships will replace three of North Sea Container Line’s (NCL) current diesel-powered vessels, which will be phased out of operations. Technical management will be done by Wilhelmsen Ahrenkiel Ship Management, making them one of the first ship managers to gain experience and competence into the use of methanol as fuel on container ships. By using the best available technology, Topeka’s ambition is to decarbonise shipping. The two new vessels will run on methanol, which is regarded as the best solution in this ...

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OLG welcomes drive for greater digitalisation in seafarer training

OneLearn Global (OLG) has welcomed findings by Inmarsat that tomorrow’s seafarers will demand greater use of technology, digitalisation and faster internet speeds at sea as part of their future training requirements. “The rapid adoption of available digital tools will not only accelerate the training and wellbeing choices and options open to seafarers, but also help organizations build a productive and engaged workforce in the years ahead,” said OLG CEO, Abhinava (Abhi) S. Narayana. Responding to research by Inmarsat into how seafaring will change in the coming decades, Mr Narayana said ...

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Tankers International enhances its VLCC Fixture app for faster, live updates to help keep pace with current market

Tankers International, the world’s leading shipping pool for VLCCs, today announced an update, including a new subscription scheme, for its popular VLCC Fixture app. This new subscription structure will provide even better functionality for app users and support market stakeholders in understanding current developments for the global VLCC fleet. First launched in 2014, the Tankers International VLCC Fixture app is the only publicly available source of comprehensive fixture data for the global VLCC fleet and provides wider market access to data that was once only provided to a select few ...

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MPC Capital further expands commitment to the decarbonization of the shipping industry

Hamburg-based asset and investment manager MPC Capital has initiated a project to build two new container ships powered by climate neutral (“green”) methanol. The project was developed in cooperation with the Norwegian Wilhelmsen group and is part of a series of activities by MPC Capital to decarbonize the maritime sector. The vessels have a total investment volume of USD 78 million and a capacity of 1,300 standard containers (TEU) each. With their modern design and the most advanced propulsion technology based on green methanol, the vessels are among the first ...

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PALFINGER: Strong entry into the Vietnamese wind market

With more than 3,000 kilometers of coastline and its high wind power potential, Vietnam is a fast-emerging hot spot for the global wind industry. Thanks to its expertise and high-quality standards, PALFINGER was selected to serve the new Vietnamese intertidal wind farms Hiep Thanh and Binh Dai with 26 fixed boom cranes, one for each wind turbine. While Hiep Thanh, which is close to Tra Vinh province, has recently begun operations, the Binh Dai wind farm near Ben Tre province is expected to be commissioned in due time. Tailored cranes ...

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Sale of the P-MAX vessel Stena Paris

Concordia Maritime has entered into an agreement for the sale of the product tanker Stena Paris (65,000 dwt, built in 2005). The buyer is based in Greece and delivery is expected to take place at the end of July 2022. The sale is expected to have a positive liquidity effect of approximately USD 5 million. In accordance with existing bank agreement, the surplus will be used for accelerated repayment of loans and thereby strengthening the company in the longer term. Asset values for tankers have risen during the spring in ...

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Combating maritime security threats in western Indian Ocean and Gulf of Aden

Signatory States to the revised Code of Conduct concerning the repression of piracy, armed robbery against ships and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area, known as the Jeddah Amendment to the Djibouti Code of Conduct 2017, have agreed a raft of measures to combat new and emerging threats to maritime security. The high-level meeting, held in Dubai (28-30 June), acknowledged that maritime threats have evolved and expanded beyond piracy into other challenges that have a damaging effect on the economies of the ...

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Fleetzero begins its search for the first giant ship to convert to battery power

Fleetzero has an ambitious goal: to compete with global shipping companies with its own boats, powered entirely by electricity. The company just secured $15.5 million in new funding and is looking for the first ship to convert to run on its shipping container-shaped batteries. The company’s plan, described in detail here, is to convert existing ships to electric propulsion, replacing the diesel engine or generator with enormous batteries of the company’s own design. These would be loaded and unloaded like any other cargo, swapped out at ports and charged between ...

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Advanced Polymer Coatings Inks Ten Tanker Deal With Turkey’s Chemfleet

USA-based manufacturer Advanced Polymer Coatings (APC) is reinforcing its position as the prime protective tank coating company in Turkey’s maritime sector after signing a major multi-ship deal to recoat ten tankers with Turkish ship management firm Chemfleet. The deal was struck at Chemfleet’s Istanbul office by APC’s global marine manager, captain Onur Yildirim, and its Turkey marine manager captain Koray Karagoz. Captain Yildirim said APC now holds 80 per cent of the Turkish marine coatings market having coated and repaired more than 450 vessels since establishing in the country in ...

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New BASSnet Safety & Quality mobile app for site inspections and findings

BASS Software has launched a brand new BASSnet Safety & Quality mobile app for audits, inspections and findings ‘anytime, anywhere’. The app sports a user-friendly, intuitive UI with rich functionality. It fully supports Android and IOS. Users can employ this on-site digital assistant to: instantly create new Findings (including Suggestions for Improvement, Near Misses, Defects, Non-Conformities, Claims or Accidents/Incidents) create and execute effectively audits and inspections create and assign follow-up actions with due dates snap, upload and mark up images on the go export and share audit/inspection reports. With the ...

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FBX Index June: Market Summary

The Freightos Baltic Global index fell 14% to $6,583/FEU in June driven by rate decreases on the transpacific lanes. This rate is 9% lower than its level a year ago – marking the first monthly annual decrease since early 2020 – although still more than four times the pre-pandemic norm. Shanghai gradually reopened over the course of the month. However, the possible surge of ocean volumes from demand pent up during the lockdown – that many in the industry expected to increase congestion and ocean rates – has not materialised. ...

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Back to the future? Cargo giant Cargill turns to sails to cut carbon

In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world’s CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions are slow. Leading agri group Cargill will start testing a dry bulk vessel with two wind sails ...

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Singapore remains open to attracting global talent for maritime and shipping sectors

Singapore remains open to attracting global talent for the maritime and shipping sectors and considers it a critical part for the Republic to maintain its status as a regional hub, said Mr Chee Hong Tat, Senior Minister of State for Transport and Finance on Monday (July 4). Speaking at the launch of Singapore-headquartered global container liner Ocean Network Express’ (ONE) new green strategy department, Mr Chee said: “We are very clear that Singapore cannot be a hub port and international maritime centre without being open and connected with the world.” ...

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MABUX: Upward changes to continue on Global bunker on Jul. 05

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated upward changes on Jul. 04: 380 HSFO – USD/MT – 715.49 (+3.18) VLSFO – USD/MT – 1069.37 (+8.30) MGO – USD/MT – 1344.06 (+13.35) As of Jul.04, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel grade was undervalued in three out of four selected ports: Rotterdam – by minus ...

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ClassNK releases latest “PrimeShip-PSC Intelligence” mobile app

ClassNK has released the latest version 2.0.0 of “PrimeShip-PSC Intelligence”, a mobile app to assist the improvement of Port State Control (PSC) performance and ship management systems, provided free of charge. Based on the database of PSC reports inputted by ship managers, shipowners, and ClassNK, “PrimeShip-PSC Intelligence” provides various functions helping improve ship management systems, including the indication of trends of the PSC findings pointed out by each country or port and output of checklists according to the trends, with a PC version for ship management companies and a mobile ...

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