Number 082 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Sunday 22-03-2015
News reports received from readers and Internet News articles copied from various news sites.
The DOCKWISE WHITE MARLIN anchored off Singapore at the West Jurong
Anchorage after loading the ENSCO 110 ready for departure awaiting the pilot
Photo Piet Sinke © CLICK on the photo and hyperlinks !
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The CPO JAPAN at anchor in Algeciras. Photo : Capt Alex ©
Entertainment on the high seas
Inmarsat launches Fleet Media service, delivering on-board entertainment
Those on commercial shipping vessels will no longer have to wait until they reach dry land to catch-up on the latest
films, sports and news as Inmarsat , the leading provider of global mobile satellite communications services, has
launched its latest service, Fleet Media, which will bring the most recent viewing content to those at sea. A groundbreaking agreement with NT Digital Partners, a joint venture between global content agency Spafax and the world’s
largest non-theatrical distributor Swank Motion Pictures Inc., has enabled Inmarsat Maritime to bring Hollywood to the
high seas with its innovative Fleet Media service. A comprehensive catalogue of Hollywood and international
blockbusters and television programming, along with sports and news content will be available to crew over the
Inmarsat network for on-demand, offline viewing. Fleet Media is currently available on XpressLink and will soon be
available across the wider Inmarsat Maritime portfolio. Watching films, sports and news on tablets, laptops and
smartphones brings much more than simple viewing pleasure. It helps keep seafarers connected to the outside world
and their world at home, improving their quality of life while aboard a vessel. Ronald Spithout, President of Inmarsat
Maritime said: “This is a revolutionary service for Inmarsat and for the maritime sector. It has been uniquely designed
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to support the industry in attracting and retaining their skilled personnel, as it serves as a game-changing
differentiating factor in recruitment. While life at sea has historically been socially isolated, this service bridges that gap
allowing seafarers to be more integrated and connected with their lives ashore than ever before. Fleet Media brings life
on land to those living at sea.”
KOTUG supports foundation Tess goes
The Rotterdam Marathon will be held on Sunday
12th April 2015 and as in previous years, KOTUG
will participate in this prestigious event. The
KOTUG running teams (18 persons) will dedicate
their achievements and sponsorship to the
foundation ‘TESS GOES AMERICA’.
Tess was born on the 20th May 2011. As from
the first day she had a strawberry mark on her
face which grew more and more every day. The
doctors told Tess’ parents that she had a
"hemangioma". A hemangioma is a self-involuting
swelling or "strawberry mark". Until Tess’ 2nd
birthday her face was treated with a medical cream, this could stop the
swelling and even made it less colored. After her 2nd birthday, the doctors
told that Tess couldn’t get any further treatment. They advised to prepare
Tess against bullying or harassment at school.
Laser treatments New York
Recently Tess’ parents received great news. They have been informed of a treatment for the residue of the
hemangioma of Tess! It now appears that it’s very important for her to get a laser treatment at a young age, so that
the still visible present redness and blue veins can be greatly reduced. One disadvantage; the most suitable laser is
only available in New York. The costs per treatment will be USD 12,000. For optimal result it is expected that Tess will
need two treatments, a total amount of USD 24,000.
Help the foundation ‘Tess goes America’ and support our initiative!
To feel free and happy in life as she grows up, we hope that Tess will get these treatments. We hope she will not have
to answer the questions during the rest of her life, like “what happened to your face? Do you have blood in your face?
Do you have eczema? Will it disappear?” And that she will not have to deal with staring looks of children and people
who wants to touch her face. KOTUG wants to support Tess’ laser treatments in New York. We would like to invite
you, to reach our goal and make a donation of € 150 on the following account. Every donation counts: If you would
make a contribution of a sum of your choice, please feel free to do so.
Sleepdienst Adriaan Kooren B.V.
: NL 22 ABNA 040 88 75 534
: KOTUG Marathon 2015 – Foundation Tess Goes America
Next to the fact that we will perform the sporting challenge, we will include your name on the Facebook page of the
foundation ‘Tess goes America’. Many thanks for your support!
On behalf of the KOTUG running team, Paul Vermeulen - Edwin van der Poel
If this happens to you please send me a mail at [email protected] to reactivate
your address again
You can also read the latest newsletter daily online via the link :
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As could be seen in yesterday’s newsletter Dockwise latest fleet addition
the DOCKWISE WHITE MARLIN, at present on her maiden
deployment loaded in Singapore last week the 16.500 tons ENSCO 110.
The DOCKWISE WHITE MARLIN overall length is 216.7 metres with a
beam of 63 metres. With a deadweight of 72,000 metric tons, the White
Marlin type I vessel strengthens the leading position Dockwise has in the
top end of the heavy marine dry transport market. Dockwise operates
the largest fleet of specialized vessels in the world: a versatile fleet of 25
semi-submersible, heavy transport vessels of different concepts and
designs. The DOCKWISE WHITE MARLIN is build at the Guangzhou
under yard
11130007. The DOCKWISE WHITE MARLIN is a
“im proved sister ” of the FINESSE and FORTE
original built for Fairstar and delivered in 2012 and
which units are also built at the Guangzhou Shipyard.
ordered by Fairstar and to be named FATHOM but after
Dockwise acquired Fairstar it was discussed with
Guangzhou Shipyard International (GSI), to
change the original contract from a Type 2 vessel and
was been renegotiated and a new commission placed
for a Type 1 vessel. Such a conversion, at an estimated
costed of USD60 million was giving as well delays in the
original delivery date of the vessel.
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Drawing top : Aleksandre van Maanen (ALVAMA) CLICK at the drawing !
The DOCKWISE WHITE MARLIN is powered by 5
engines geared to screw shaft(s) driving 3 FP propellers
with a total installed power of 24,700kW (33,581hp) which
installed power source is capable to give the vessel a service
speed of 14 knots the vessel is further equipped with 2
Controllable Pitch Propeller bowthrusters of 1200kW each.
photo’s : Piet Sinke © CLICK on the photos !
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AEGIR-MARINE 10 year Anniversary
Singapore-Shanghai Office
AEGIR-Marine started their
Asian adventure back in 2005
with an office in Shanghai –
China followed by a second
Asian office (Singapore) 5
years later. Today the Chinese
Singaporean offices
together form a solid base for
AEGIRs Asian activities.
Different but the same
The Asian market is very
according to Hans Dekker,
sales director AEGIR-Marine.
“In some ways it’s similar to
the European and American
market,” Hans Dekker says.
“High quality and excellent service are recognized worldwide. The difference lays in the way business is conducted.
The Asian market asks for more
patience. They tend to be more
loyal, and a good story just isn’t
good enough. Your references
count and you have to prove
yourself worth the trouble of
switching.”Hans Dekker likes
the dynamics of East Asia,
although he sees very well how
different Japan is from South
Korea and where Hong Kong is
a very open market, China is
still rather closed. What binds
the area is the booming
economics. “AEGIR-Marine
Singapore is doing very well,”
Dekker states, “not in the least
because of our fantastic Asian staff. We started out with 2 engineers, where as we now employ 15 well-educated
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professionals that manage the service and sales department. Our challenge lays in keeping up with the speed of
growth and recruiting additional qualified staff at the same.” In the 15 years of her existence AEGIR-Marine has
developed to a major player in the international marine industry. As an independent manufacturer AEGIR-Marine
produces stern tube seals andpropulsion that are suitable for all major propulsion systems. Today AEGIR-Marine
PRIME Parts® is a well-known class approved brand. However AEGIR-Marine’s main focus is and always has been
service; worldwide service on stern tube seals and propulsion systems. AEGIR-Marine resides in the Netherlands, but
has offices and agencies worldwide.
CPA Removes Historic Shipwreck From
Curaçao Ports Authority (CPA) recently started a
major project of removing the ship wreck of the
RICHARD BORDO from Parera in Port
Willemstad to make room for development. The
general cargo ship, which was built in 1950, has
been lying in the port since 1980. The name
that appeared on the wreck was “Prince of
Malta”, which was painted on its back in 1993
when the ship was used in the movie “Curaҫao”
that was filmed here. The movie, which aired on
Showtime, starred George C. Scott and is still
available online forCPA1 those interested. The
dismantling of the RICHARD BORDO will take
a couple of months to be finalized. Source :
Curacao Chronicle
Photo : Kees Bustraan – (c)
Asia Tankers-Ample tonnage, few cargoes
weigh on VLCC rates
By Keith Wallis
Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners
resist attempts to push rates lower, brokers said.Ship owners were showing a united front to keep rates above 50 on
the Worldscale measure from the Middle East to Asia, a Singapore-based VLCC broker said on Friday. "Nobody is doing
anything below W50. Owners are keeping numbers up," the broker said.
Oil majors including Chevron Shell and BP had all chartered VLCCs at freight rates above W50 this week, Reuters
freight data showed. But the broker questioned how long ship owners could stop rates falling as the amount of
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available tonnage is increasing."Owners seem to be in order now ... but there are plenty of ships," said the broker.
There are now around 20 VLCCs available for charter for the Middle East-Asia route, he said.The cargo fixture
programme for loading in March had been largely completed with 123 charters fixtures, "more than recently
expected," Norwegian ship broker Fearnley said in a weekly note on Wednesday "(Vessel) supply for first half of April
is nevertheless ample and charterers will remain in the driving seat (so) we will see further softening to the market,"
Fearnley said.VLCC rates from the Middle East have been generally sliding from W70 - hit on Jan. 16 - although with a
short rebound in mid-March. VLCC rates for the benchmark route from the Middle East to Japan slipped to W49.50 on
Thursday, down from W52 last week. This was based on a single charter, though, while the prevailing rate remained
above W50, Reuters data showed.Cargo volumes and the demand for ships were just not enough to support the
Middle East rates, the Singapore broker said. For West Africa to Asia, cargo volumes were steadier, but the rates were
still under pressure.West Africa to China fell to around W51 on Thursday, against W53.50 a week ago.In other trades,
rates for 80,000-tonne Aframax tankers from Southeast Asia to East Coast Australia continued to climb, rising to
W105 on Thursday, against W101 a week earlier on tighter tonnage supply.Clean tanker rates from Singapore to
Japan <.BACM> also continued to surge on a shortage of ships and healthy cargo volumes. Rates rose to W157 on
Thursday, up from W124.50 last week and the highest since April 2013. Source : reuters (Reporting By Keith
Wallis; Editing by Tom Hogue)
Triple Play at APM Terminals Pier 400 Los
Three Ultra-Large Container Ships docked and worked simultaneously for the first time at any US Port.
The handling of a combined 34,465 moves over nine days, including a two-day period in which all three were
alongside, provides a glimpse into the future of US port operations as larger vessels cascade into US trade lanes.
Establishing a new record for US port operations, three Ultra-Large Container Ships (ULCS) with nominal respective
capacities of 13,000 TEUs each, called APM Terminals Pier 400 Los Angeles between February 22nd and March
7th, representing a combined total of 34,465 container moves over the period, including intermodal cargo of 28 double
stack trains.
The 13,100 TEU capacity COSCO HARMONY, at 367 meters in length and 48 meters wide, operating on COSCO’s
South China/US Southwest Coast Express Service (SEA) registered 10,617 container moves. Two Mediterranean
Shipping Company vessels, the 12,991 TEU capacity MSC FLAVIA, at 365.75 meters long and 48 meters wide, and
the 13,119 TEU capacity MSC RENEE, 366.45 meters long and 48.2 meters wide, were also alongside at the quay,
accounting for 12,402 and 11,446 moves, respectively. The MSC RENEE and MSC FLAVIA both operate as part of
the 2M alliance between Mediterranean Shipping and Maersk Line on the Far East/US West Coast trade lane. “Our
facility handled the first 13,000 TEU vessel to call the port of Los Angeles last summer, and now with three calling at
once we have shown that we are more than able to keep pace with the changes in our industry, and the needs of our
shipping line customers” said APM Terminals Pier 400, Managing Director, Steven Trombley. At 484 acres, APM
Terminals Pier 400, which opened in 2002, is the largest single proprietary terminal in the world. The 40-acre ondock rail facility and five miles of working track can accommodate four double stack trains simultaneously. The three
ULCS container movements included cargo loading for 13 double stack trains from the MSC Renee, nine from the MSC
FLAVIA and six from the COSCO HARMONY. Intermodal container rail traffic for inland US destinations is a major
component of US West Coast containerized cargo volumes. Throughput at APM Terminals Pier 400 was 2.19 million
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TEUs in 2014, ranking 2nd in the JOC productivity study Americas designation at 96 MPH with a vessel alongside. In
June 2014, the Los Angeles Board of Harbor Commissioners approved an APM Terminals proposal to raise the facility’s
14 cranes by 32 feet to 304 feet, and extend the booms by 10 feet to 376 feet to accommodate anticipated ULCS
traffic. The project is expected to be completed by 2016.In March of 2012 the MSC FABIOLA, at 12,562 TEU
capacity, became the largest containership to call an American port when it arrived at the Port of Long Beach. In June
of 2014, the record was eclipsed by the 13,000 TEU COSCO DEVELOPMENT, which called APM Terminals Pier
400 Los Angeles. As ULCS’ of up to 19,224 TEU capacity are introduced into the Asia/Europe trade, the large vessels
previously deployed in those services are being cascaded into the trans-Pacific Asia/USA trade. At present, there are
265 ULCS of 10,000 TEU capacity or larger in service, with another 137 on order.
Damen Anchor & Chain Factory completes
first online sale
Damen Anchor & Chain Factory (AKF), in the Port
of Rotterdam, has successfully completed its first
online order transaction. Much of the Damen product
range has enjoyed an online enquiry option for some
time, though AKF is relatively new to the concept.
With Damen’s online presence growing constantly,
there is a strong potential for future web-based
commercial growth. Theo Kloosterman, AKF
Manager, explains how the order was swiftly brought
to fruition. “It started on February, Friday 13th – a
lucky day,” he quipped. “An enquiry came in at the
end of the day, asking if we could supply 300metres
Kloosterman quickly confirmed availability of the
required products and, by the following Monday, had
put together a quotation for the client – a yacht repair
specialist based in Portugal. “The client also sent us some pictures of their anchors, so we were able to advise them on
product specifics and fine-tune the order to suit their exact requirements. The total delivery was twelve lengths of
16mm Grade U2stud-link anchor chain each measuring 27.5 metres, fourteenkenter shackles, two swivel forerunners,
two 3-link adapting pieces, two D-type anchor shackles and two crown shackles, altogether weighing in at 1,780kg.”
Online enquiries
Only recently AKF began to offer an online enquiry option – following the rest of the Damen product range, which had
started to do so 3 years previously. The web-based process is demonstrating clear growth for Damen as a whole
according to the company’s online marketing and social media specialist Björn Smets. Mr Smets states that
currently, each day brings in strong, qualified online leads. “Online activity has more than tripled since we started,” he
says, pointing out that more clients are now aware that they can find Damen products online, thanks to ongoing
website development and a robust social media campaign. Damen sees leads coming in from many countries and for
many different vessel types.
New business
Damen’s online presence has often led to the generation of new clients, including the sale of a Fast Crew Supplier
2610 vessel to a UK-based company that Damen had not previously worked with. “Online leads can generate whole
new relationships – people just have to be able to find you,” says Mr Smets.
As a result, Damen products are easier to find and experience by individual visitors. “This makes it very easy for
people to find exactly what they are looking for, says Mr Smets” Recently, the user-friendliness and high success rate
of earned Damen a coveted award. The company, along with their website partner,
Evident, won the Business Transformation category of the Benelux Sitecore Experience Award 2014. The company’s
online catalogue is constantly evolving and Mr Smets says that, in future, visitors will enjoy an even more personalised
experience. With regards to AKF, Mr Smets is also confident that this is just the beginning for online-generated
sales. “In the last few months we’ve seen quite some leads coming in for AKF and I think this product range is
particularly well-suited to online sales as it is easily transportable. This is certainly not a one-off event.”
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The CMA CGM TIGRIS in Rio Grande – Photo : Marcelo Vieira ©
Queen Mary 2 and Queen Victoria in
Auckland hosted an impromptu Royal Rendezvous of Cunard flagship QUEEN MARY 2 and younger sister QUEEN
VICTORIA as a result of the lingering after effects of Cyclone Pam. Both ships had no choice other than to make
significant itinerary changes to avoid the worst effects of the severe weather pattern in the interests of the safety and
comfort of guests. This resulted in Picton experiencing unexpected back to back arrivals of QUEEN VICTORIA and
QUEEN MARY 2 on Monday and Tuesday respectively. Cunard has expressed regret that the weather system
prevented scheduled calls to Wellington and Akaroa.The ships met in Auckland yesterday with Queen Victoria berthing
at Queens Wharf about 7am and her big sister QUEEN MARY 2 joining her in the harbour, docking at Jellicoe Wharf a
little after 3pm.As part of her rescheduled itinerary in the wake of Cyclone Pam, QUEEN MARY 2 has an extended
two and a half day stay in the city. She is scheduled to sail for the Bay of Islands at 8pm on Saturday night.QUEEN
VICTORIA sailed past her big sister about midnight en route to Rarotonga as she continues on her 103-night world
voyage. The surprise royal visit to Auckland is expected to inject nearly $2 million into the economy. Source : Scoop
Vietnam to look into surcharges set by
foreign shipping lines
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Vietnam will inspect foreign shipping lines for allegedly imposing unreasonable surcharges on local traders, the
Government Office said The ministries of finance, transport, and industry and trade will review all the surcharges to
see if they violate Vietnam’s Competition Law as well as international norms and punish violators accordingly, it said.
Following the inspection, the ministries will also seek the government’s approval for a proposed list of shipping
surcharges that can be applied in Vietnam.Last August, trade associations and authorities lamented that many foreign
shipping companies levied unreasonable fees on Vietnamese exporters and importers.They said there were 10 kinds of
surcharges in total, many of which were unreasonable. The Vietnam Leather, Footwear and Handbag Association for
instance said its members must pay US$110 million of surcharges each year to shipping firms. Bui Thien Thu, deputy
chief of the Vietnam Maritime Administration, told Thoi Bao Kinh Te Sai Gon (Saigon Times) that Vietnamese
companies must resort to foreign shipping firms as the domestic fleet is incapable of handling all the cargo.Thu said
shipping surcharges are included in transport fees.Foreign shipping firms usually reduced transport fees to lure
Vietnamese companies, but then they increased shipping surcharges to make up for the discount, he said. Source:
Thanh Nien News
The "SEABOURN QUEST" in the Port of Manaus on 17.3.2015 source : Cees van der Kooij ©
Hong Kong Legislative Council Approves Air
Pollution Control Regulation
The Hong Kong Legislative Council has approved the “Air Pollution Control (Ocean Going Vessels) (Fuel at Berth)
Regulation” which prohibits the use of certain fuels by vessels while they are at berth in Hong Kong waters. The
Regulation will effectively apply to vessels of 500 gross tons and above certificated under the SOLAS Convention.
There are limited exclusions, such as for warships, vessels operating exclusively within river trade limits or entering
Hong Kong waters solely for certain emergency situations.At berth is broadly defined as “a place in the waters of Hong
Kong at which the vessel is not underway.”No later than one hour after arrival at berth (and no earlier than one hour
prior to departure), the vessel will be required to switch to a marine fuel with sulfur content not exceeding 0.5% by
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weight, liquefied natural gas or any other fuel approved by the air pollution control authority.Certain exemptions are
permitted, such as when an approved equivalent arrangement is being employed (i.e. exhaust gas cleaning system) or
if compliance will pose a risk to the safety of the vessel. Application for approval of such exemptions shall be submitted
in writing at least 14 days prior to the date on which the vessel is intended to enter Hong Kong waters.Recordkeeping
requirements are also prescribed to document fuel changeover operations, arrival and departure information in a log
book. Such log entries and bunker delivery notes must be retained on board the vessel for a period of three years.
This Regulation will come into effect on 1 July 2015. Source: ABS
Concessioning plan stalls operations at
Onitsha port
More than two years and seven months after its was commissioned by President Goodluck Jonathan, the N4.6 billion
Onitsha River Port complex is yet to commence operations, largely due to the concessioning scheme scripted for the
facility. The port complex, which has not really functioned since it was first commissioned by President Shehu Shagari
in 1983, was rehabilitated by the present administration through National Inland Waterways Authority (NIWA), as part
of measures to boost business activities in the South East.Commissioning the port complex in August 2012, Jonathan
said: “The river or marine transport must be enhanced and to do it, we need inland port like the one in Onitsha. Our
target is to link all the ports by road and rail so that doing business in Nigeria becomes easy. The river port must be
linked up to other areas of resources. Today, the process is being started and others on the drawing board must be
completed”.Senior officials in the Federal Ministry of Transport, who spoke with The Guardian yesterday, blamed the
delay on an ongoing concessioning scheme being put in place by the Federal Government.NIWA’s General Manager,
Corporate Affairs, Tayo Fadile, in a chat with The Guardian yesterday, disclosed that the concessioning programme is
expected to commence in June.Another source, who preferred to remain anonymous, said: “To drive activities at the
port, the Federal Government is involving the private sector. There are challenges. But, with the involvement of the
private sector, things may move a lot faster. The market is there. We need to put things in proper perspective so that
we don’t make mistakes of the past”.
He also pledged the commitment of the Federal Government to complete all river ports projects and ensure they are
viable in the interest of all Nigerians and the larger economy.Already, an Indian firm has been commissioned as
Transaction Adviser for the concessioning of Onitsha and other river Ports.Speaking at a conference on the economic
use of the Onitsha River Port, stakeholders urged the Federal Government to come up with legal and administrative
framework that will help bring to light the enabling environment that will encourage businesses to thrive at the Onitsha
River Port.The conference also commended the Federal Government for the huge investment expended on the
dredging of the Lower River Niger.A communiqué issued at the end of their deliberation urged the Federal Government
to hasten the setting-up of the administrative delivery team with members drawn from various related organisations
for the quick take-off of operations at the river port.Participants noted the importance of synergy between the federal
government and the Private Sector under a Public Private Partnership (PPP) and encourage re-doubling of efforts at
concessioning of the River Port.It emphasised the need for constant upgrading of Maritime and Port infrastructure to
enable the investors take optimal advantage of Anambra State’s expansive coastline in areas of shipbuilding, Dockyard
Operations, Metal fabrication, dock labour, warehousing and recycling plants, among others.Participants also noted the
importance of moving goods and services through the inland waterways which according to them will help to
decongest traffic on road and give added benefits in terms of cost and safety. Source: The Guardian
Cruise lines cancel Tunisia calls in wake of
In a statement sent to USA TODAY, Costa Cruises says the three ships that it has scheduled to call in the country in
coming months -- the COSTA FORTUNA, Costa FAVOLOSA and COSTA neoRIVIERA -- instead will head to other
ports in the Mediterranean that are still being determined. Similarly, MSC says three ships it has scheduled to visit
Tunisia through the summer -- the MSC SPLENDIDA, MSC FANTASIA and MSC PREZIOSA - instead will call at
Valletta, Malta; Palma, Mallorca; and Cagliari, Sardinia, respectively. A fourth ship scheduled to visit Tunisia, the MSC
DIVINA, will spend an extra day at sea. Also canceling all upcoming calls in Tunisia was sailing line Star Clippers as
well as Germany-based lines Hapag-Lloyd Cruises and Aida Cruises. MSC today said in a statement that 12 passengers
from the MSC SPLENDIDA were killed in the attack and 13 more were wounded, including two who are in serious
condition. Costa said five passengers from the COSTA FASCINOSA were killed and eight more were wounded. None
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Page 12
of the killed or wounded from either ship were North Americans. Both of the ships were visiting Tunis for the day as
part of Mediterranean itineraries that also included stops in Italy, Spain and France. The passengers who were killed
were on tours to the city's Bardo National Museum when the attack began."The safety and security of guests and crew
members is MSC Cruises' number one priority at all times, and the events that took place this week preclude the
possibility of MSC Cruises calling in Tunisia for the foreseeable future," MSC executive chairman Pierfrancesco Vago
said in a statement.
Vago called Tunis a key destination for MSC Cruises and said he hoped the line would be able to return. But "until we
receive the necessary reassurances that the security situation has returned to normal, we have to take our guests to
alternative Mediterranean destinations," he said. Tourists will now see the destination as a "no-go zone," he added.
Based in Europe, MSC and Costa draw heavily from European countries such as Italy, Germany and France for their
customers. But they also market globally and carry people from a wide array of other regions, including North America.
MSC said passengers killed or injured on Wednesday came from as far away as Colombia, Japan and South Africa.
Three other lines that market to North Americans -- Oceania, Holland America and Princess -- have ships scheduled to
call at Tunis over the coming year. British-focused line P&O Cruises also calls in Tunisia. Holland America
spokeswoman Sally Andrews tells USA TODAY the line has not yet made a decision on upcoming Tunis calls. The next
call in Tunis set for one of the line's ships is on April 21 when the 2,104-passenger EURODAM is scheduled to
visit.Princess spokeswoman Karen Candy tells USA TODAY the line will "continue to monitor the situation, and any
decisions to modify our itineraries will be guided by information and recommendations from a variety of U.S.
government and security agencies." The line's 3,082-passenger EMERALD PRINCESS is scheduled to stop in Tunisia
seven times this summer starting with a call on June 1.A spokesperson for Oceania could not immediately be reached.
Norwegian Cruise Line dropped calls in Tunisia last year after Israeli passengers on one of the line's ships were not
allowed to disembark at the port. Source : USA Today
The "DG COLUMBIA" at anchor in the Port of Manaus on 17.3.2015 photo : Cees van der Kooij ©
Boskalis steps back
Royal Boskalis Westminster has abandoned its efforts to amend an anti-takeover clause in Fugro’s constitution.
Following a Dutch court ruling in favour of Fugro on Tuesday, the company removed the discussion of the protective
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measure from its annual meeting agenda, with Boskalis' consent. According to Fugro's laws, an institute called
Foundation Continuity Fugro has the right to buy preference shares in two Curacao-based units of the company, in
case of a possible takeover.Boskalis has said many times that it does not intend to make an offer for Fugro, but
industry analysts have not ruled out this scenario.
They note that Boskalis built up its stake in the offshore company to 20.01% in November, when the share price was
below EUR 15 ($16). Shares in Fugro have been trading close to the EUR 25 mark during March; a price that analysts
think is too high for Boskalis to make an offer.Tijs Hollestelle, an analyst from ING, told TradeWinds: “If the business
of Fugro performs well, the share price of Fugro will continue to rise and Boskalis might turn out to be just a happy
shareholder.“But in case the operational recovery at Fugro does not materialise, due to the impact of the low oil price
or failing restructuring initiatives, the share price might come under pressure again as Fugro carries a lot of debt on
the balance sheet and this could spark an opportunity for Boskalis to acquire the business in whole at a steep
discount.”Thijs Berkelder, analyst for ABN Amro, said he does not expect Boskalis to bid at these levels but noted that
timing for buying distressed offshore assets is okay. Source : Tradewinds
2012 Hong Kong ferry crash
By : Dexter Yan
On 1 October 2012, high-speed ferry SEA SMOOTH crashed into LAMMA IV off Yung Shue Wan of Lamma Island in
Hong Kong. LAMMA IV sank shortly after the collision, leaving 39 passengers killed and another 92 injured. In April
2014, a total of 17 officials from the Hong Kong Marine Department were found responsible for the fatal vessel
collision, according to an internal investigation conducted by the Transport and Housing Bureau, citing the officers
have "failed in their duties".
In February 2015, Sai-ming Lai, who captained SEA SMOOTH, was sentenced to eight years in jail on convictions of
39 counts of manslaughter and endangering the safety of others at sea. Meanwhile, Chi-wai Chow, who was the
captain of LAMMA IV, was sentenced to nine months in jail, after he was convicted of endangering the safety of
others at sea. However, the jury acquitted him of manslaughter. Source : ihsmaritime360
Expand your business with the Port of
On 20-22 April 2015 in Katowice during the VII European Economic Congress, the Port of Gdansk plc and
representatives of the largest transshipment terminals of this Polish seaport, have worked together to create a new
concept named Port-Town right in the heart of Southern Poland. Over the three days of the congress, entrepreneurs
interested in port and terminal services, opportunities for investment and development, cooperation, discovering new
logistics solutions and the advantages of organising transport services via the Port of Gdansk, will have the opportunity
to talk directly with representatives from the terminals and port management at our stand - Port-Town. As the market
has shown, the Port of Gdansk is becoming increasingly attractive among entrepreneurs in the area of Central and
Eastern Europe. In light of this, the board of the Sea Port of Gdañsk plc along with representatives of the largest and
fastest growing transshipment terminals in Gdansk have decided to join forces to meet the market demand. With this
in mind, we would like to invite all of you to come and join us at our stand where, between 20-22 April 2015 in the
relaxed atmosphere of Port-Town we shall attempt to answer any questions you may have and give you an idea of our
common potential, which may prove an interesting start to our future cooperation.
ITF investigates labour rights abuses on
Thai fishing vessels
An ITF delegation has boarded industrial fishing vessels landing their catch in Songkhla port, Southern Thailand this
week, as part of an investigation into labour rights abuses.The four strong team, who will be in Thailand for six days,
found that fishers on board were subject to poor working conditions, cramped accommodation and long contracts,
some of them with no hope of returning home with any pay. Vessels fishing in the gulf of Thailand and Malaysia drop
off their catch in Songkhla port daily for selling or canning locally. There are reportedly 40,000 Thai vessels operating
with only 10,000 registered (many with fake licences) and unregistered migrant workers. This ‘cloak of invisibility’
allows the boat captains to treat workers like modern day slaves. ITF inspector Keith McCorriston commented on the
conditions found on a vessel he inspected: “The crew were scared to talk to us. They had no contracts, no toilet, no
shower, no mattresses. Cooking facilities consisted of an open flame and basic utensils, the 24 crew slept in cramped
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accommodation. We spoke to one fisher who had been on board for 10 months, although we suspect this is a gross
Apinya Tajit from the Stella Maris Seafarers’ Centre in Sriracha explained: “We are dealing with many cases of
abandoned fishers in Thailand and of Thai fishers outside of Thailand. We know of one fisher who was abandoned in
hospital with no pay after breaking his leg while on board a vessel. He has never had any pay after two years on
board. We’re paying his medical bill. Another fisher is so traumatised by his experiences of abuse that he needs
trauma counselling. He struggled to explain to us how he was chained up like a dog for trying to escape the vessel he
was on.”Mark Davis, ITF deputy regional secretary for the Asia Pacific region, added: “The industry is facing huge
challenges throughout the region but it is the workers who are suffering because of this. Neglect and abuse are rife for
migrant workers and Thai nationals too. How have we got to a position where a fish has more value than the worker
who catches it?”
The Boskalis CSD TAURUS II at work in the Middle East photo : Dirk van Uitert ©
Brazil operator suspends payments for
Oleo e Gas Participações SA, a Brazilian oil company under bankruptcy protection, has said it suspended payments for
six months to bankrupt ship-leasing company OSX Brasil SA on an FPSO Reuters has reported that Oleo e Gas,
formerly known as OGX Petroleo e Gas Participações SA, made the decision after being unable to come to an
agreement over future payments to OSX for the OSX-3 FPSO in a hearing before a bankruptcy judge in Rio de Janeiro.
Oleo e Gas uses the OSX-3 at the Tubarão Martelo oil field northeast of Rio de Janeiro in the offshore Campos basin.
Source : pennenergy
Baltic index advances with rising dry
commodity vessel demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted by
higher demand across all vessel segments The index, which factors in the average daily earnings of capesize,
panamax, supramax and handysize dry bulk transport vessels, was up 13 points, or 2.28 percent, at 584 points. “The
spot dry bulk market is in line for a positive jolt as three key pieces have lined up positively for the first time in several
months: rising steel prices, wider steel margins and cheaper imported iron ore into China,” said Omar Nokta of
Clarkson Capital Markets. The panamax index rose nine points, or 1.49 percent, to 613 points. Average daily earnings
for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grains, increased by $76 to $4,913. The
capesize index surged 50 points, or 14.01 percent, to 407 points.Average daily earnings for capesizes, which typically
transport 150,000-tonne cargoes such as iron ore and coal, fell $255 to $4,048.The indexes for the relatively smaller
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vessels — handysize and supramax were up five points at 383 points and four points at 627 points respectively.
Source: Reuters (Reporting by Anupam Chatterjee in Bengaluru; Editing by Greg Mahlich)
EnQuest Producer completes sea trials
EnQuest’s Alma/Galia development floating production vessel the ENQUEST PRODUCER has left its berth in
Newcastle, northern England, where it was undergoing finishing and commissioning works, and has completed marine
The 249m-long unit, previously Bluewater’s UISGE GORM , arrived at OGN’s yard in November 2013 Once relocated
to Alma/Galia, in Blocks 30/24, 30/25 and 30/29, 310km south-east of Aberdeen in the UK North Sea, it will be hooked
up to five pre-drilled wells, which will be brought on stream one week at a time.
EnQuest’s recently increase the net 2P reserves estimate for Alma/Galia to about 26 MMboe following positive results
from the wells which have been drilled. Also in the North Sea, EnQuest is progressing the Kraken heavy oil
development. In 2015, subsea hardware for the subsea/FPSO development will be installed, including the manifolds for
the first drill centre which connect to the templates already installed, two templates for the second drill centre,
installation of the mooring system for the FPSO and start the drilling program. A drilling rig is expected on location in
H2 2015 to start the Kraken batch top-hole drilling program. Dry docking for the Kraken FPSO conversion in Singapore
is scheduled to be undertaken to install the FPSO turret infrastructure by the end of Q1 2015. In Malaysia, EnQuest is
working on the development of the Tanjong Baram field, with first oil scheduled by the end of H1 2015. The
PM8/Seligi work program is focused on well intervention activities and improvements to the field infrastructure,
including work on gas compressors, pipelines and generators.Back in the North Sea, following front end engineering
design studies, submission of a field development plan is anticipated in 2015 for the development of Scolty/Crathes.
EnQuest is also restarting drilling on Thistle in 2015, with three new production wells due to be brought on steam .
The Ythan field, on the Don North East license, will also be brought on stream by mid-2015. Source : oedigital
Oil and natural gas production in brazil for
February 2015
Petróleo Brasileiro S.A. – Petrobras announces that its total oil and natural gas production in February 2015 was 2
million 801 thousand barrels of oil equivalent per day (boed), down 1.5% from January (2 million 845 thousand boed).
Of this production, 2 million 612 thousand boed were produced in Brazil and 189 thousand boed abroad.Oil and
natural gas production in Brazil was 2 million 612 thousand boed
Total oil and natural gas production in Brazil in February 2015 was 2 million 612 thousand boed, down 1.8% from
January (2 million 661 thousand boed).Total production operated by Petrobras in Brazil was 2 million 854 thousand
Petrobras’s oil production in Brazil was 2 million 146 thousand barrels per day (bpd), down 2.1% from January’s
production of 2 million 192 thousand bpd. Oil production operated in Brazil (including the share operated for partner
companies) was 2 million 319 thousand bpd, down 2.1% from last month (2 million 370 thousand bpd).The slight drop
in production in February was primarily due to the planned maintenance shutdowns of platforms P-19, in Marlim field
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Page 16
and P-58, in Parque das Baleias, both in Campos Basin; and of FPSO Cidade de Angra dos Reis, in Lula field, in Santos
Basin. The production drop associated with these shutdowns was partially offset by the start-up in February of seven
new offshore wells in the Campos and Santos Basins.
New pre-salt records
New production records were set in February for the Santos and Campos Basins pre-salt layer: a daily own production
record of 555 thousand bpd, and an operated production record of 737 thousand bpd, were set on the 26th.
Natural gas utilization record
Petrobras’s natural gas production in Brazil, excluding liquefied gas, was 73.968 million m³/day in February, down
0.8% from January. Non-liquefied gas production, including the share of partner companies, was 84.958 million
m³/day. A historic natural gas utilization monthly record was set in February by utilizing 96.5% of the gas produced in
Brazil, surpassing the previous record of 96.3% from September 2013.Production abroad in February is 189 thousand
boed In February, 189 thousand boed were produced abroad, up 2.7% from January’s production of 184 thousand
boed. This includes oil and natural gas.Average oil production in February stood at 100 thousand bpd, up 2.1% from
January’s production of 98 thousand bpd primarily due to the start-up of new production wells at the Saint Malo and
Lucius fields in the United States.Average natural gas production abroad was 15.016 million m³/day, up 2.5% from
January’s production of 14.646 million m³/day. This rise was due to higher production at the Sábalo field, San Antonio
block, in Bolivia.For more information, please visit:
Capesize dry bulk carriers are increasing
being “parked” by their owners
The fall of the dry bulk market to levels well below operating expenses has started to “sting” Capesize owners, who
are increasingly looking for ways to minimize their losses. As such, shipbroker Intermodal said in its latest report, that
more and more of the larger European ship owners of Capesizes are starting to “park” their ships, at least until rates
pick back up.
According to the shipbroker’s report, “while we have seen various correctional signals for the wet sector (especially for
the MR and VLCC segments), the dry market has had very few reasons to be hopeful. The BDI has been fairing at
historical lows over the past few months and this had created a climate of widespread anxiety among dry bulk
shipowners as there are limited hints of a recovery in the short-term”.Mr. Linos Kogevinas, Marketing – Harbour
Towage & Port Agency, Cotzias Intermodal Shipping Inc. said that “with current cape spot market rates being
significantly below OPEX levels, it seems that the patience of many Cape owners has finally begun to run out. As a
result, they are left with a few options on how to proceed. There are two value-maximizing (or rather loss-minimizing)
options; one is of course scrapping the vessel, almost certainly at a loss compared to the initial capital investment.
With the scrap market revolving predominantly around bulk carriers and container vessels during the past weeks, it
seems that many owners have selected this option”.He added that “on the other hand, some of the largest European
Capesize players have selected the alternative route of parking their capes. A number of them have selected
Kaohsiung, Taiwan as the ideal place to park their capes until rates pick up from the current depressing rates. Eastern
Pacific has reportedly parked a number of their capes in anchorages (favoring the Kaohsiung anchorage). Navios is
also reported to have alluded to following the same route even going as far as suggesting that cold layups are the next
step in order to cut what costs they can. The effects of such decisions on the market are hard to predict unless they
are followed by a bigger number of owners, therefore for now it is expected that there will be a minor and more
importantly temporary (lasting only until they’re back in the market) support in the market”, Kogevinas noted.
However, as has been the case back in 2008-2009 when similar layups occurred, one has to wonder how sustainable
will this strategy be? Kogevinas said that “while the larger owners (many of whom have diversified fleets, thus hedging
their exposure to the dry market troubles) may be able to sustain themselves long enough to survive through the
current market slump, smaller players and those primarily invested in the cape segments will most definitely have
trouble surviving where the situation is to persist for long. With current conditions pushing more and more vessels out
of the market, owners are awaiting Q2 in order to decide on their future moves. While short-term prospects are dire,
the Indian coal market together with the Chinese steel import market, are possible candidates to partially help in the
medium-long term recovery/ revival of the dry market sector”, he noted.Concluding his argument, Cogevinas said that
“as always, the amount of new orders that will be placed during the next quarters will play a determining role in the
segment’s recovery, but given how quiet the newbuilding market for Capes has been since the summer of 2014, we
believe that this should currently be the least of our worries”.Meanwhile, in the demolition market this week,
Intermodal said that “demo prices were unchanged last week, with a firm number of dry candidates continuing to find
its way into the demo market, while despite this recent price stability, sentiment hardly improved. Let’s not forget that
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Page 17
very recently, a similar short-lived stability period took place, only to be followed by a sudden drop in prices, which is
what the current market fundamentals are also implying for the weeks ahead. The situation in the Indian market
remains extremely fragile, with the pressure exerted both in local steel prices and the Indian Rupee increasing and
weighing down on sentiment across the entire subcontinent, while cheap Chinese scrap steel is still trying to be
absorbed pushing global steel prices further down. Prices this week for wet tonnage were at around 230-395 $/ldt and
dry units received about 215-370 $/ldt.” Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide
A Shipping ETF For Yield Generation
Investors who are looking for a little more income may take a look at a shipping-related exchange traded fund to
capitalize on the growing need for oil storage capacity.The Guggenheim Global Shipping ETF , which tries to reflect the
performance of the Dow Jones Global Shipping Index and holds high dividend-paying companies in the global shipping
industry, comes with a 3.32% 12-month yield.Shipping may be a largely overlooked area of the market that provides
access to real assets and an alternative source of yields, reports John Authers for Financial Times.Demand for tankers
has increased as some responded to the recent sell-off by acquiring more oil on the cheap to stockpile for later use or
sale, benefiting from the opportunity in a contangoed market. According to the CME Group, West Texas Intermediate
crude oil for April 2015 delivery is trading at about $44.6 per barrel, whereas oil for April 2016 deliver is at $56.6 per
barrel. Consequently, some are hoarding oil on the cheap now and putting it in storage in hopes of selling at a higher
price in the future. [Shipping ETF Sees Tailwind from Oil Storage Demand Additionally, Andrew Dacy of JPMorgan
Asset Management suggests that container ships make a good contrarian play on the renewed Chinese economic
activity since China is a major importer of raw materials. Containers can also experience greater movement toward the
U.S. as a strong U.S. dollar could stimulate consumer demand for cheaper foreign goods.Looking at the sector, the
long-established area has a long history of data dating back two centuries. Moreover, investors won’t be blindside by
technological advances ass they are relatively easy to predict.Nevertheless, the shipping sector faces some risks,
including a potential global slowdown or currency disruptions, which could both diminish trade volumes and pressure
shipping rates. Source: ETF Trends
Admiralty Shipyards lays down submarine
Velykiye Luki
Admiralty Shipyards has held a solemn ceremony for keel-laying of the VELYKIYE LUKI , diesel-electric submarine of
Project 677 Lada, the shipyard says in its press release. The VELYKIYE LUKI is the third ship in the series of Project
677 submarines being built by Admiralty Shipyards for RF Navy. Project 677 Lada is the fourth generation of
conventional submarines. The construction of the second and the third submarines of Project 677 was resumed by
Admiralty Shipyards in July 2013 and in late 2014 accordingly. The submarines were laid down in 2005 and in 2006 but
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Page 18
in 2009 the construction of the submarines was suspended according to the decision of the Ministry of Defence of the
Russian Federation before handing over the lead submarine for trial operation. A new contract signed by the Ministry
of Defence provides the ship’s construction according to the corrected detailed design. The submarine designer of the
Lada project — CDB ME “Rubin” — has carried out a lot of work on improvement of the submarine and development of
the modernized systems for the ship. The serial ships will be equipped with the modernized prototypes of equipment, i.
e. the integrated automated ship system, electric propulsion system and navigation system. Admiralty Shipyards is the
only shipyard in Russia to build ships of this class.Admiralteiskie Verfi OJSC (Admiralty Shipyards) is a key enterprise of
shipbuilding, a centre of conventional submarine building of Russia. The shipyard is affiliated with the United
Shipbuilding Corporation OJSC. At the moment the shipyard facilities are fully engaged. A number of contracts are
being successfully implemented at the shipyard for domestic and foreign customers. Three series of submarines for RF
and foreign Navies are under construction now. Besides, the Igor Belousov rescue vessel with the deep-operating
vehicle Bester-1 is under trials today. The Company’s staff numbers source : PortNews
Russia to develop 5th-generation
Until 2020, Russia will work actively on building fourth-generation submarines. The Russian Navy gave the defenсe
industry an assignment to develop 5th-generation submarines, Navy Chief Viktor Chirkov said on Thursday."We have
formulated the task for the defenсe and industrial sector to develop fifth-generation submarines. This work is ongoing.
There will be no pauses in the development and designing of new submarines," the Russian Navy commander-in-chief
said on occasion of Submariner Day Russia is celebrating on Thursday. The need for the development of such
submarines is prompted by the "objective timeframe and the cyclical nature of the use of ships and submarines, and
also the swift advance of ship-building technologies and scientific and technical progress in the field of submarinebuilding," the Navy chief said.Russia should look far ahead in the development of its nuclear submarine fleet to avoid
any stagnation, he said."Designing strategic submarines the design bureaus and enterprises take into account our
strict requirements aimed at making new generation submarines stealthier," said Chirkov. "Newest target indicator,
communications and control equipment will be introduced in the submarine building design in accordance with our
requirements. Submarines already now are equipped with new automated reconnaissance and alert equipment."
The Navy commander says it is necessary "to look ahead and prepare the scientific base and develop engineering
thought for principally new approaches in submarine building." "We are fully aware that non-nuclear submarines’
combat capability improvement will be made by integrating advanced robotic systems in their fighting equipment,"
Chirkov said.In the long-term prospect, he added, it is planned to create lead submarines and build new-generation
submarines based on unified platforms, engage in serial building of unified-platform modular multipurpose ships of
various displacement, creation of multifunctional robotic systems.Until 2020, Russia will work actively on building
fourth-generation submarines, the Navy chief said."This process is accompanied by the work to maintain the combat
readiness of existing-project strategic nuclear submarines and their basic armaments," the Navy chief said.Source:
RIA Novosti
SAAF no longer part of Op Copper in
SAAF withdrawn from Op Copper in MozambiqueThe decrease in pirate activity off Africa’s east coast has probably
contributed to an SA National Defence Force (SANDF) Joint Operations decision to withdraw air operations from Pemba
in support of the anti-piracy Operation Copper.
The Southern African Development Community (SADC) counter-piracy tasking is now in its fifth year of operation with
South Africa as the major contributor of both personnel and equipment. Mozambique and Tanzania are the other two
SADC nations who have committed to the operation in the Mozambique Channel since its inception in 2011.The first
Operation Copper deployment was early in 2011 following the hijacking of a Mozambican fishing vessel by Somali
pirates in the northern reaches of the Mozambique Channel. Lindiwe Sisulu, at the time Defence and Military Veterans
Minister, said South African warships were deployed to northern Mozambique along with a C-47TP maritime patrol
aircraft from 35 Squadron and a 22 Squadron Super Lynx maritime helicopter. This hardware was supported by a total
of 377 uniformed personnel from the air force, military health services and the navy. Captain (SAN) Jaco Theunissen,
Joint Operations spokesman, confirmed this week that Pemba and hence 35 Squadron would no longer be a part of
Operation Copper. “Maritime operations will continue from an SA Navy platform,” he said, declining to answer
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Page 19
questions on whether the SAAF would still be part of Op Copper.At present the offshore patrol vessel (OPV) SAS
Galeshewe is on station in the Mozambique Channel having replaced one of her sister ships, SAS Isaac Dyobha.
At various times since the deployment started the Navy has put Valour Class frigates and the supply ship SAS
Drakensberg into the seas off the lower east African coast as a piracy deterrent. More recently this task has been the
exclusive preserve of the serving OPVs, all converted Warrior Class strikecraft.The normal OPV crew requirement for
an Operation Copper deployment is around the 60 mark including a Maritime Reaction Squadron component, divers,
an ops medic and two Mozambican sea riders.The only South African platform to have been an active part of a
counter-piracy operation was Drakensberg. She acted as southern stopper for the EU Naval Force to prevent a
suspected pirate ship from escaping the multi-national task force based off the Horn of Africa.It is not known at
present if the term of Operation Copper will be extended. It was last extended for 12 months by President Jacob
Zuma, in his capacity as SANDF Commander-in-Chief, until the end of March this year. Source : defenceweb.
Zwijnenburg constructed at the former IJsselwerf for OCEANCO the hull with YN 714 the largest yacht ever built
until today in Holland, the yacht with a length of 110 metres with an price of more than 200 million will be completed
at the OCEANCO promises in Alblasserdam Photo : Jan van Heteren Fotografie ©
54 Chinese yards take all new orders in
first two months
New shipbuilding orders placed at China’s shipyards have all gone to 54 of the country’s bigger shipbuilders in the first
two months of this year, according to China Association of the National Shipbuilding Industry (Cansi).Between January
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Page 20
to February 2015, Cansi recorded 3.82m dwt of newly completed vessel capacity at Chinese yards, all of which are
registered at the 54 larger yards named by the association.At present, there are slightly more than 100 Chinese yards
in “full operations”, a further downsizing from about 300 during the second half of last year, according to estimates by
Ren Yuanlin, executive chairman of privately-owned Yangzijiang Shipbuilding. China’s shipbuilding industry continues
to undergo a period of severe consolidation due to execessive yard capacity.Ren told Seatrade Global earlier that China
will be left with 20 to 30 shipbuilding companies with active operations when the consolidation phase is completed in
the next few years.The 54 bigger yards completed 5m dwt of new vessel tonnage in the first two months, up 25.3%
compared to the same period of last year. The 5m dwt is just slightly below the national figure of 5.56m dwt, pointing
to a concentration of operations in the larger shipyards. As at the end of February 2015, the 54 bigger yards sat on an
orderbook of 145.66m dwt, up 4.1% year-on-year, compared to a national orderbook of 147.6m dwt, up 9.6% yearon-year, Cansi data showed.The association also monitors another set of figures from 88 main yards, including the 54
bigger yards. In the first two months, the 88 main yards completed a combined newbuilding tonnage valued at
RMB53.54bn ($8.64bn), an increase of 6.9% from a year ago. The export value was RMB26.04bn, up 5.7%.During the
two-month period, the 88 main yards generated a total revenue of RMB34.2bn, a jump of 25.7% year-on-year but
profit dropped by 4.8% to RMB330m. Source: Seatrade Global
Guangdong Bonny Fair Heavy Industry Ltd.
With an array of about 20 boats building, in assembly line like
manner, the Guangdong Bonny Fair Heavy Industry
shipyard (formerly known as Guangdong New China
Shipyard) is a model of efficiency.
Three impressive ferries are fitting out alongside. Designed by the
Australian firm Sea Transport Solutions, the 50 by 17.5-meter
catamarans are each powered by four 485 kW diesels with two in
each hull. A pair of Cummins 6BT 5.9-liter diesels powering a 55
kW generator in each hull meet electric needs. Shortly to be
delivered to owners in Batangas, Philippines, the three ferries, part
of a ten-vessel order, are designated FastCat M7, M8 and M10.
Capacities include 275 passengers, 16 crew and 130 meters of
vehicle lanes. They all bear the common logo of a Cat and the
proud designation: Fast Cat: FerrySafe, FerryFast, Ferry
Convenient. T he yard builds its efficiency on a large area with
overhead cranes for construction of modules. In another area,
three railway lines with overhead cranes allow step by stem
assembly of the modules. These rails continue onto at a floating dry dock that can be shifted from one line to the
other as required. This highly efficient dry dock is 89.8 meters long with a beam of 34 meters and a 27-meter
clearance between the walls.The efficient operation of this dry dock and its ease of pumping out is dependent on a
pair of Cummins NT855 powered 245 kW generators. The Guangdong Bonny Fair shipyard is designed not only for
efficiency but also to support ever more sophisticated vessels. Source : Haig-Brown photos courtesy of Cummins
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Page 21
Sevmash lays down nuclear submarine of
new generation
On March 19, 2015, Sevmash OJSC laid down nuclear-powered multipurpose attack submarine ARKHANGELSK of
new generation project Yasen-M, Deputy PM Dmitry Rogozin wrote in his Twitter microblog.
The nuclear-powered multipurpose attack submarine is the fifth in the series Yasen class ships designed by the St.
Petersburg based designed by the Malakhit Central Design Bureau. The project features many innovative technical
solutions not applied in national shipbuilding before Nuclear submarine Severodvinsk, the lead ship of the series built
by Sevmash was delivered to RF Navy on June 17, 2014. Nuclear-powered multipurpose submarines KAZAN,
NOVOSIBIRSK and KRASNOYARSK are being built to the improved project Yasen-M. Equipment and materials
are to be supplied by Russian manufacturers. Sevmash OJSC is a part of the United Shipbuilding Corporation, Russia’s
largest multi-profile shipbuilding complex. Basic activities of Sevmash are military engineering manufacturing for
Russian Navy and foreign customers; marine engineering manufacturing for oil and gas production; civil shipbuilding;
manufacturing of equipment for mechanical-engineering, metallurgy, gas-and-oil and other branches of industry;
atomic submarines and surface ships warranty repair and upgrading, utilizing; design of vessels, marine structures,
marine equipment, equipment for oil and gas production source : Portnews
Record break of 11 rigs berthed in
Drydocks World-Dubai
Drydocks World the international service provider to the shipping, offshore, oil, gas and energy sectors have
simultaneously berthed 11 rigs in the Dubai yard. Drydocks World has pursued its strategy to become one of the
leading offshore yards in the region. The Rig Division team has worked relentlessly to market the yard facilities,
capabilities, safety records, quality and experience of staff specialized in maintaining the offshore rigs. During February
the yard set a new record of 9 rigs in the yard and only one month later Drydocks World has increased the number by
over 20% totaling 11 rigs. Drydocks World has focused its efforts to cater to the offshore market and rig
requirements through establishing a dedicated rig division. Drydocks World has set this record break along with
repeated clients such as Saipem, Saudi Aramco, Shelf Drilling, Aban Offshore, & the National Drilling Company.
Source: Drydocks World
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STX Wins Additional Tanker Contract in
STX Offshore and Shipbuilding announced on March 19 that it won an additional contract for two LR1 tankers,
medium and large ships carrying petrochemical products, with the Singaporean shipper. The contract is an additional
order by BW Pacific Limited of Singapore, which ordered four other LR1 tankers in December last year. The total of
six tankers amounts to 320 billion won (US$285.71 million). The tankers will be delivered in consecutive order from
next year to three years from now.
STX Offshore and Shipbuilding reorganized the business structure to focus on medium-sized vessels after signing a
self-control agreement with creditors last year. Accordingly, the company won contracts to supply a total of 7 LR1
tankers and LNG bunkering shuttles last year. The company also won a contract for LR1 tankers with a shipbuilder in
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Page 22
Hong Kong this year. An LR1 tanker is classified as medium and large-sized vessel, whose dead weight tonnage (DWT)
reaches over 45,000 and below 80,000 tons. Source : businesskorea
Limassol port workers start loading ships
Limassol port workers started to load delicate goods on and off ships and will continue to do so until Friday when they
will meet with Transport minister Marios Demetriades, the head of the licensed porters association Nikos Constantinou
said.The porters had announced an indefinite strike on Tuesday to protest against the government’s refusal to allow
more people into the profession, which they said causes them several problems, mainly with the work load.“As of 2pm
today we started to serve ships with delicate cargo, like fruit and vegetables, foodstuff and frozen food,” Constantinou
told the Cyprus Mail.He said that on Friday, they will return to regular work and that they will also meet with the
minister to discuss the issues that concern them.
The Cyprus Chamber of Commerce (KEVE) called the strike unnecessary and as out of time and place, adding that it
would cause a huge blow to the economy and its continuation would harm the credibility of the Cyprus ports. KEVE
urged the porters’ association to end the strike and the government to deal with with the deadlock the ports are falling
into because “the port industry’s paralysis is imminent”.Both the government and the porters’ association should
encourage efforts for growth and the economy’s jumpstart, KEVE said, while actions that worsen the situation should
be avoided. Source: Cyprus Mail
Diana Containerships Inc. Announces
Agreement to Acquire Two Panamax
Container Vessels
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today
announced that it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase
from an unaffiliated third party two Panamax container vessels, the m/v YM LOS ANGELES and the m/v YM NEW
JERSEY. The “YM LOS ANGELES” and the “YM NEW JERSEY” are both 2006-built vessels of approximately 5,000
TEU capacity. The purchase price for each vessel is US$21.5 million. The sellers may deliver the vessels to the
Company at any time between April 1, 2015 and April 30, 2015. The m/v YM LOS ANGELES is currently expected to
be delivered to the Company on April 9, 2015 and the m/v YM NEW JERSEY on April 15, 2015. Each of the two
vessels is chartered to Yang Ming (UK) Ltd., at a gross charter rate of US$21,000 per day less US$350 per day
commission paid to third parties.
Based on the existing time charterparties and their addenda, the charterer has the option to redeliver the m/v YM
LOS ANGELES at any time between October 19, 2016 and February 19, 2017 and the m/v YM NEW JERSEY at any
time between September 24, 2016 and January 24, 2017. The charterer has the option to employ the vessel for a
further twenty-two (22) to twenty-six (26) month period at the same daily gross charter rate less US$350 per day
commission paid to third parties. The optional period if exercised will start on December 19, 2016 for m/v YM LOS
ANGELES and on November 24, 2016 for m/v YM NEW JERSEY and must be declared six (6) months prior to these
dates in respect of each vessel. The closing of this transaction is subject to the signing of a novation agreement to the
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time charter contract of each vessel mentioned above. Including the aforementioned vessels, Diana Containerships
Inc.’s fleet will consist of 13 container vessels (4 Pos t-Panamax and 9 Panamax). For more information, please visit:
Transocean Woes Hammer Offshore
When the world’s largest offshore driller sneezes, the entire industry gets a cold. That is what’s happening Thursday
after Transocean Ltd. said last night that it had stacked (mothballed) four of its offshore rigs that had previously been
idled and was scrapping another four. The company will take a first-quarter charge of $300 million to $325 million for
the scrapped rigs. Transocean had previously announced that it will scrap 12 other rigs.
The news hit Transocean’s shares hard this morning. Shares have tumbled about 6.5% since the opening bell and
have dropped more than 22% in the year to date. Over the past 12 months, Transocean’s shares have lost nearly 65%
of their value.
As bad as Transocean stock has performed, Seadrill Ltd. has done even worse, losing nearly 73% in the past year.
Seadrill has suspended its $4 per share annual dividend for which Yahoo! Finance still shows a dividend yield of nearly
44%, based on a share price of around $9.25. Transocean’s former $3 annual dividend yield has been lowered to
$0.60 beginning in June.
Offshore exploration for new oil and gas deposits has all but stopped as oil prices drift toward $50 a barrel for Brent
crude. While a producing well in the U.S. Gulf of Mexico may have a cash cost of below $10 a barrel, drilling a new
well anywhere offshore is extremely costly, and at the low crude prices in effect today, a reasonable internal rate of
return on offshore projects is simply pushed too far into the future to justify spending the money now. Other offshore
drillers are faring just as poorly. Ensco PLC shares have dropped nearly 60% in the past year and, at a decline of
around 31%, are the biggest losers so far in 2015. Ensco’s market cap of $4.87 billion ranks it second behind
Transocean’s $5.17 billion market cap and just ahead of Seadrill’s $4.59 billion value. Ensco’s shares traded down
about 4.7% in the noon hour Thursday at $20.72.Diamond Offshore Drilling Inc. is controlled by Loews Corp. and it
too is struggling. The driller’s market cap is $3.76 billion, and since it pays no dividend of its own while Loews pays a
dividend yield of just 0.6%, there is barely any reason to own the stock. Nearly 20% of the 64.4 million shares floated
are short. The fifth largest offshore driller is Britain’s Noble Corp. PLC which has a market cap of $3.31 billion and has
seen its share price drop almost 51% in the past 12 months. The stock traded down more than 5% in the noon hour
Thursday, at $13.56 in a 52-week range of $13.15 to $30.29.With the exception of Diamond Offshore, all these stocks
have a 30-day average volume above 5 million shares, and both Transocean and Seadrill trade more than 12 million
shares a day. These are not buy-and-hold numbers. Source :
Click HERE for the LIVE STREAM WEBCAM in Hoek van Holland
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THE WORLD moored in Cape Town – Photo : Aad Noorland ©
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