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International Shipping News

Bidding Announcement of Non-self-propelled grab dredger “LONG BO GONG JIU”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 10:00 to 10:30 (Beijing time) on June 28th, 2024. 1. Bidding Object: MV “LONG BO GONG JIU”, Non-self-propelled grab dredger; PoR: Zhoushan, China; Inspection Authority: ZC; Trading Area: Sheltered navigation area; LOA: 57.00m; MLB: 22.00m; MLD: 3.70m; GRT:1493; NRT: 447; Light displacement: 1522.19t; Draft: 2.85m; Built: January 1, 1998; Builder: Fuji Maritime Industry Co., Ltd., Japan; Full-revolving crane: Japan SKK-30011GDT-L; Main crane lifting capacity: 300t, auxiliary crane lifting capacity: 31t; Crane room winch ...

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Baltic index hits more than one-month high as capesize rates rise

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level in more than a month on Tuesday as rates for capesize and supramax vessels increased. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 13 points, or 0.7%, to 1,961, its highest level since May 14. The capesize index gained 28 points, or 0.9%, to 2,966. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes, such as iron ore and coal, ...

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Should crude tanker owners start trimming spot exposure?

Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and the Red Sea crisis have tightened the market, especially the mid-size tanker segments. While spot rates are expected to remain firm until 2026 amid tight supply, many charterers are now looking for period charters to avoid any further surge in rates, as reflected in the recent increase in time charter rates. In the last six months, the one-year time charter rate for a non-eco Aframax vessel increased from $41,700 per ...

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AI can help shipping industry cut down emissions, report says

The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday. The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report. WHY IT IS IMPORTANT Shipping, responsible for moving about 90% of global trade, contributes nearly 3% ...

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Asia Fuel Oil-Visco spread narrows; market eyes South Asia tenders

Asia’s viscosity spread for cst high sulphur fuel oil (HSFO) narrowed further on Tuesday, while the market eyed several South Asia tenders offering HSFO for spot loading. A couple of Indian refiners have offered 180-cst HSFO via tenders that close on Tuesday, industry sources said. India’s HPCL offered 20,000 metric tons of the product for loading between June 20 and 27, while BPCL offered 30,000 tons for loading between July 5 and 7. Pakistan’s PARCO is also offering 180-cst HSFO via a tender that closes on June 25, with the ...

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China Merchants Energy Tech strike deal with Union Maritime Ltd to supply BAR Technologies WindWings® for new MARIC designed LR2 tankers at New Yangzi Shipbuilding

Emer International Limited, a subsidiary of CM Energy Tech Co., Ltd (CM Energy), has signed two contracts with Union Maritime Limited (UML), a leading tanker owner and operator, and Jiangsu New Yangzi Shipbuilding Co., Ltd, to build two new LNG dual-fuel LR2 tankers with WindWings®. The two vessels, designed by Marine Design & Research Institute of China (MARIC) will be built at Jiangsu New Yangzi Shipbuilding Co., Ltd. (New Yangzi Shipbuilding) will each feature two WindWings®, a pioneering wind propulsion technology developed by UK innovative simulation-driven marine engineering consultancy BAR ...

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ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore and Southeast Asia Lead times for VLSFO in Singapore have fluctuated lately, with most suppliers now indicating up to 17 days. However, some can accommodate stems within seven days. This reflects tightness compared to the previous week, when traders suggested lead times ranging between 2-11 days. HSFO supply in the port remains limited, with recommended lead times of 11-14 days, virtually unchanged from last week. For LSMGO, lead times vary between 3-7 days. Singapore’s residual fuel oil stocks have averaged 5% higher so far this month compared to May, ...

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SRC and GREEN MARINE join forces to bring Methanol Superstorage to market

SRC Group and GREEN MARINE have signed a collaborative agreement which brings two of the strongest advocates of methanol as a marine fuel together to develop and deliver Methanol Superstorage to market. The cooperation aims to realise benefits available to SRC’s Methanol Superstorage solution, which has been turning heads among owners, builders, repairers, class societies and insurers since its launch. Using the SPS Technology Sandwich Plate System instead of traditional cofferdams that separate tank walls, Methanol Superstorage boosts shipboard tank volumes by 85% and provides effective mitigation for methanol’s significantly ...

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Danica expands into Türkiye

Global crew supplier Danica Crewing Specialists has expanded its operations into Türkiye by taking on crew supply responsibility for a number of vessels, with more in the pipeline. Danica Crewing Specialists has more than 65,000 seafarers on its books and offices in all the world’s leading seafarer hubs, enabling it to quickly supply crew from Eastern Europe, India and the Philippines. The company specialises in providing individual services to small to medium-sized shipowners, supplying fully vetted and competent crew of all ranks as well as a range of support services, ...

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Tymor Marine formalises partnership with Mercy Ships

Tymor Marine, a maritime technology and naval architecture consultancy based in Aberdeen, UK, has signed a Memorandum of Understanding (MoU) with the global humanitarian charity Mercy Ships. The MoU establishes an ongoing partnership between the two organisations. It follows significant gifts-in-kind naval architecture, structural analysis, and marine consultancy services supplied by Tymor to Mercy Ships, a cause it has supported since 2016. In the most recent package of support donated, Tymor’s leading maritime surveyors conducted a vital deadweight survey of the MV Africa Mercy™. The survey was undertaken whilst the ...

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Tsakos Energy Navigation backs LISW25 Headline Conference

Leading shipowner Tsakos Energy Navigation (TEN), which has been a publicly-listed maritime company for more than 30 years, has given its backing to the highly anticipated Headline Conference of London International Shipping Week 2025 (LISW25). The LISW25 Headline Conference will once again be held at the prestigious London headquarters of the International Maritime Organization and will be attended by some of the world’s most prominent shipping and government leaders. There will be much to discuss as shipping endeavours to meet its stringent global decarbonisation goals by 2050 and milestone targets. ...

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Hoppe Now in the USA

We are pleased to announce the opening of our new subsidiary HOPPE AMERICA Inc. The new company is located in Camp Hill, Pennsylvania, and will be led by Ivo Beu, President. As a naval architect with a unique blend of substantial maritime business background and project management skills, Mr. Beu brings a wealth of knowledge and leadership to his new role. His technical expertise and commitment to innovative solutions will lead Hoppe America into a promising future. Together with our experienced project developer Mona Wilhelm from the Hamburg headquarters, Ivo ...

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IMO: Statement on the attack on merchant vessel TUTOR

Statement by IMO Secretary-General, Mr. Arsenio Dominguez on 14 June, 2024: “Once again, I am appalled at the fact that seafarers going about their work continue to be targeted and injured. I am truly saddened to learn that one crew member is currently unaccounted for on merchant vessel TUTOR, following an attack on the ship in the Red Sea. My thoughts and those of IMO, are with the family of the crew member. I strongly condemn any type of attack against international shipping, regardless of its motivation or cause. I ...

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Philippines says sailor sustained serious injury in South China Sea collision

A Philippine navy sailor suffered “serious injury” after what the country’s military called on Tuesday “intentional-high speed ramming” by the Chinese coast guard during a resupply mission in the South China Sea. The Philippine military said in a statement the Chinese coast guard’s “continued aggressive behavior and unprofessional conduct towards a legitimate humanitarian mission is unacceptable.” China and the Philippines haveaccused each other of being at fault for Monday’s collision near a disputed atoll in the South China Sea. Philippine officials said China disrupted a military mission to resupply sailors ...

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Who are your welfare champions? Nominations closing soon for The Mission to Seafarers’ annual Seafarers Awards

The Mission to Seafarers, a leading international seafarer welfare charity, invites nominations for its prestigious Seafarers Awards Singapore 2024 as the deadline approaches. Now in its 7th year, the annual awards have become a cornerstone of the Singapore maritime calendar, celebrating individuals and organisations that have made significant contributions to enhancing the welfare of seafarers globally. The Awards Ceremony serves as a testament to the industry’s commitment to seafarer welfare. Taking place on Friday, 11 October 2024, maritime professionals from around the globe will gather for the gala dinner, held ...

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