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Bidding Announcement of 22061t Bulk Carrier “JING HUA 166”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 15:00 to 15:30 (Beijing time) on July 03rd,2024. 1. Bidding Object: MV “JING HUA 166”, Bulk Carrier; PoR: Yangpu, China; Inspection Authority: CCS; Trading Area: offshore; LOA: 158.84m; MLB: 23.80m; MLD: 13.00m; DWCC: 22061t @9.30m draft; GRT: 14045; NRT:7865; M/E: Shaanxi diesel 8PC2-6/21, 4400kW@520rpm x 1 set; Built: February 4th,2010; Builder: Taizhou Wan Chang Shipbuilding Co.,Ltd (Data and relevant information provided in this announcement are for reference only) 2.Bidding rules: 2.1.This bidding will ...

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APM Terminals: Exports Forum highlights opportunities for Nigerian non-oil exports

Nigeria’s largest container terminal, APM Terminals Apapa hosted the first edition of its Exporters Forum this month in support of the Federal Government’s drive to diversify the economy through the promotion of non-oil exports. This bi-annual event will provide a platform to exchange ideas and eliminate obstacles facing Nigerian exports. Speaking at the event, Country Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke assured attendees that, “APM Terminals will continue to support the country’s export drive to diversify the economy, earn more foreign exchange, create jobs and prosperity for ...

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Using state-of-the-art simulator SAAM Terminals trains crane operators

The team at San Vicente Terminal Internacional (SVTI), one of the company’s ports in Chile, has already been trained in Canada. SAAM Terminals set the objective of training new crane operators and retraining current ones with improvement exercises. It invested US$500,000 in a state-of-the-art simulator from the Canadian company CM Labs Simulators. “This equipment is pioneering in the Chilean port industry. It offers ground-breaking graphic realism and accurately emulates the movements and forces applied during crane operations. It features screens that replicate all operator viewing angles, providing an immersive experience. ...

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‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worse

A sweeping regulatory change in 2020 to slash air pollution from the world’s ships could have played a role in boosting global average temperatures, according to the findings of a controversial study. Described at the time as the “biggest change in oil market history,” the International Maritime Organization (IMO) enforced new standards on Jan. 1, 2020, to cut their fuel sulfur content to 0.5%, down from 3.5%. The rule change resulted in an 80% reduction in sulfur dioxide emissions, a team of scientists said in a paper published by the ...

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Shipping industry urges Red Sea action as Houthis sink second vessel

Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on Wednesday, after the sinking of a second ship. Iran-aligned Houthi militants first launched drone and missile strikes on the important trade route in November in what they say is solidarity with Palestinians in Gaza. In more than 70 attacks, they have also seized one vessel and its crew and killed at least three seafarers. “It is deplorable that innocent seafarers are being attacked while simply performing their ...

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USD 182,300 per Shipment: Maritime Anti-Corruption Network Reveals the Scale and Costs of Maritime Corruption

For over a decade, the Maritime Anti-Corruption Network (MACN) has gathered first-hand data to map the extent of maritime corruption in the port and maritime sector. While detailed accounts of the direct cost of corruption have been documented, a comprehensive assessment of its overall monetary impact on the maritime industry and wider society, including indirect costs such as extended vessel lead times and delays, has been lacking. Understanding these hidden costs is crucial, as they profoundly affect commercial activity and society. A new MACN study, developed by QBIS, quantifies the ...

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Frugal Technologies enhances fuel-saving AI with predictive maintenance using real-time data

The marine tech company Frugal Technologies is advancing its class-approved Frugal Propulsion, a cost-, fuel-, and emissions-saving system for large vessels. The solution now also shows temperature, pressure – and vibration deviations, helping engineers and shipowners make smarter decisions. With an artificial intelligence-based control system, Frugal Technologies has helped shipping companies such as Uni-Tankers, Christiania Shipping, and Royal Arctic Line reduce fuel consumption on their ships by up to 15%. Now, Frugal Technologies has released a major software upgrade, allowing shipowners and engineers to better evaluate equipment health and service ...

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Short-lived relief for shippers as shipping costs surge amid Red Sea crisis

Exporters and importers’ reprieve from sky-high shipping costs due to limited capacity during the Covid-19 pandemic — which saw container freight rates surge by seven times or more in 2021 and early 2022 — proved to be a brief one as shipping disruptions in the Red Sea, together with an unexpected spike in demand, have led to a renewed surge in freight rates. Container freight rates, which slumped to their lowest in October 2023, with the going rate for a 40ft container reported to be about US$1,342, have gradually increased ...

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Mitsubishi Shipbuilding Receives Orders for Japan’s First Methanol-Fueled RORO Cargo Ships

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has received orders from Toyofuji Shipping Co., Ltd. (Aichi Prefecture) and Fukuju Shipping Co., Ltd. Shizuoka Prefecture) for Japan’s first methanol-fueled roll-on/roll-off (RORO) cargo ships(1). The two ships will be built at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery by the end of fiscal 2027. The ships will be approximately 169.9 meters in overall length and 30.2 meters in breadth, with 15,750 gross tonnage, and loading capacity ...

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Samsung Heavy Industries Unveils Revolutionary K-PAW Welding Technology

Samsung Heavy Industries has taken a significant leap in the shipbuilding industry by developing the “Keyhole Plasma Pipe Automatic Welding Equipment (K-PAW)” and applying it to their production site for the first time. This groundbreaking development was announced on June 19 and marks a pivotal moment in the automation of shipbuilding processes. The shipbuilding industry, a cornerstone of global trade and transportation, has long relied on manual welding for pipe construction due to the complexity and precision required. This reliance has led to quality variations depending on the skill level ...

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Saudi Global Ports Expands Capacity With New Quay Cranes And Rubber Tyre Gantry Cranes

Saudi Global Ports (“SGP”) received three Quay Cranes (“QC”) with automation capabilities and three Hybrid Automated Rubber Tyre Gantry Cranes (“RTG”) at King Abdulaziz Port Dammam (“KAPD”). The addition of these equipment will expand SGP’s capacity from 2.5 million Twenty-foot Equivalent Units (“TEUs”) up to 3.2 million TEUs, adding to the fleet of 15 QCs and 47 RTGs that SGP currently operates. Notably, the QCs have a minimum outreach of 25 rows, with the possibility of further extension – allowing SGP to handle larger next-generation 24,000 TEU vessels with productivity, ...

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Newbuilding Orders Keep Piling Up

Newbuilding ordering activity remained elevated over the course of the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding business focus of the week is the activity in the tanker market which keeps on piling up. The orderbook for all type of ships is reaching a highest compared to the last decade and sensibly higher than the minimum registered during late 2020. Tanker contributes to be the main driver of growth in the global order book, both for the very healthy market combined with the high ...

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Baltic index snaps 5 sessions of gains as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a five-session winning streak on Wednesday, weighed down by lower capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged lower 18 points, or 0.9%, to 1,943. The capesize index lost 39 points, or 1.3%, to 2,927. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes, such as iron ore and coal, was down $318 at $24,278. Iron ore futures pared ...

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Dry Bulk Market Demand Dynamics – Panamax P6

This week’s chart (on the right) illustrates the correlation between the number of ballast vessels for Panamax-size ships in the ECSA region and the evolution of P6 $/mt freight rates. Meanwhile, the left chart examines the daily volume loaded (14-day moving average) in comparison to the current demand benchmark, which shows an increase above the benchmark. Additionally, there is a noticeable decline in the number of ballast vessels, coinciding with a strong upward trend in freight rates. In March, the trend indicated another decrease in the number of ballast vessels, ...

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Shore power for tankers has a significant potential to reduce in-port emissions

As part of a CEF Study project co-funded by the European Union, Port of Rotterdam, in collaboration with the municipality of Rotterdam and various partners in the port of Rotterdam, is conducting four feasibility studies for shore power. This takes place at four large terminals in the port of Rotterdam; the ECT (Amazonehaven), APMT2 (Amaliahaven), VOPAK (Vlaardingen) and the Cruise terminal (Wilhelminakade). The studies consist of different parts; detailed technical studies, environmental and social cost-benefit studies and preparing tendering and permitting procedures. Feasibility Study for Liquid Bulk is carried out ...

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