Shipping News revived

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Swiss Re report captures the extent of global shipping disruption - Splash247

Contained in the report Swiss Re has a chart outlining shipping capacity transiting through the world’s top chokepoints in tonnes from 2019 to last month.

“The Panama Canal and the Suez Canal/Bab el-Mandeb route are just two of an array of shipping chokepoints, many of which have seen large increases in traffic since 2019,” the report noted, adding: “Increasing geopolitical risks may threaten trade through those areas too. More frequent droughts are likely to jeopardise transit volumes in the Panama Canal, and climate change is already affecting river shipping, as seen in the Rhine and Mississippi. We view these as headwinds to the long-term resilience of global shipping trade.”

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Seafarers choose Anglo-Eastern as ship manager of the year

[spowiednick]

Wow. Three inspectors obducted by master. !!! .

I have obducted temporarily 1 pilot in Duala Cameroon and 1 in Colombo Sri Lanka by forcing them to pilot the vessel to the plt stn as indicated on charts and as described in nautical publications but to obduct visiting inspectors had never crossed my mind

Video: Greek Troops Board Tanker, Arresting Captain on “Abduction” Charges (maritime-executive.com)

[spowiednick]

Greeks in news focus again. Nice article in Trade Winds but behing a paywall so BBC piece must do here.

Greece: Four dead in shooting at shipping company - BBC News

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We live in interesting times for shipping:

Volatility in shipping hits extreme levels - Splash247

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PNG coastal trade has a new entrant:

Papuan Coast Maiden Voyage: Consort Express Lines invests in the Expansion of...

Consort Express Lines, Papua New Guinea

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Never so bad that it isn’t good for somebody:

EU’s Rise in Product Oil Imports from the US is Shifting Tanker Market Trade...

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Danish International Ship Register under threat - Splash247

“It will be a disaster for Danish shipping to abolish the DIS scheme, stressed Anne H. Steffensen, CEO of Danish Shipping. “Abolition of the DIS scheme will lead to significant and massive flagging of Danish-flagged ships to neighboring countries and other maritime nations around the world. Immediately, positions ashore must follow and in time we will also lose the Danish seafarers and important maritime skills. It is a highly unsafe experiment that one should stay far away from. I cannot warn against that strongly enough,” she said.

PS> Many Danish owned ships are already flying other nation’s flag and are managed from there.

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From the lastest edition of “Maritime CEO”:

Maritime CEO Annual Outlook 2024

Shipping in the Year of the Dragon: Dry bulk - Splash247

Any dry bulk forecast must start with the state of the Chinese economy.
Despite, or maybe because of the court ruling, broker SSY is constructive on the Chinese steel complex going into this year, contrary to most macroeconomists.

For coal, SSY sees a decline in Chinese imports this year, but the London brokerage is predicting India and Southeast Asia will pick up that demand slack, leaving global coal trade stable at current record levels.

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NIMBYs or a real problem?:

Local residents rally against shipbreaking operation in Union Bay

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China, Japan and Greece in a league of their own in latest shipowning charts...

VesselsValue yesterday unveiled its top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country.
Japan was at the top of the league, its fleet growing in price by 5% over the past four months, followed by China and Greece.

By a bit behind (as #4) followed US owned vessels.

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Will any of this have anything implication on the daily life of the Master and crew onboard the vessel?:

Contractual issues arising from EU ETS implementation explained - Splash247

In a webinar hosted by NorthStandard, a case study of a 20,000 teu containership trading from Jebel Ali to Rotterdam via the Suez Canal was considered.
Its 6,330 nautical mile voyage at a speed of 16 knots would take 16.5 days roughly consuming 100 tonnes of very low sulphur fuel oil per day. Using a carbon factor of 3.114 would mean the emission of 311 tons of CO2 per day that – multiplied by 16.5 days – yielded a total of 5,138 tonnes of CO2.
Assuming potential carbon costs of $100 per ton at the initial 40% reporting level for the first year of the ETS, the voyage would lead to a total cost of approximately $1,092,000 – a 10.3% increase on the circa $999,000 it would have cost before the EU ETS came into being.

When the EU ETS reporting rate rises to 70% in 2025 that would go up to an 18.2% increase and in 2026, at 100%, it would be 26% more.

Illustration courtesy of spowiednick:

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We want the industry to work smarter rather than harder explains Klaveness...

“The old ways of comparing apples to apples is outdated, charterers have two minutes to give you their attention and Pre-Vetting uses those two minutes to give you a complete commercial x-ray of a vessel,” explains Paulsen. The Pre-Vetting module is currently gaining the most traction with customers, with Paulsen explaining that it replaces existing systems by painting the charterer with one clear picture versus using multiple sources for the same intel.

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Scorpio Tankers sells product tanker duo for $72m - Splash247

Scorpio Tankers said that it would be selling the 49,990 dwt tankers STI Larvotto and STI Le Rocher for $36.15 million per vessel. Following the sale of the two vessels, the New York-listed firm will have a fleet of 109 vessels.

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Maybe something to think about for other nations?

Keeping a Dutch merchant fleet requires a maritime authority

In short, a Dutch government that becomes more effective with a maritime authority through better coordination between the pillars of policy, implementation and enforcement. With the aim of ensuring an attractive Dutch flag with better services, improving the Dutch maritime business climate and preventing the remaining Dutch shipowners from walking away.

Because while in the past people mainly complained about flags of convenience, there are now many flag states with a shipping register that do much better than the Netherlands. What used to be known as the Dutch Shipping Inspectorate has been whittled down in recent decades to one man and his dog, and which has outsourced many essential matters such as checking crew papers, the seaman’s book, to such incapable bodies as Kiwa.

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Eagle Bulk shareholders green light Star Bulk takeover - Splash247

The bulker giant will be known as Star Bulk Carriers Corp and be headquartered in Athens, with offices in Stamford, Singapore, Copenhagen and Limassol.

[spowiednick]

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Illustration courtesy of spowiednick:

Illustration courtesy of Artificial Inteligence and Maritime Analitica

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Eureka Shipping to Launch Eco-Friendly Cement Carrier in the Great Lakes

Yes it is about time to replace this one:

Sunnanvik | CSL

Maybe with a larger version of this one?:

Furuvik | CSL

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Heading into Canadian waters, or any Canadian port soon?
Beware!!! Heavier fines applies for any violation of Canadian or International Maritime Laws & Rules:

Canada hikes shipping fines - Splash247

Examples of serious violations include not storing compressed gas in separate compartments from other types of compressed gas or discharging of cargo residues in polar waters in certain conditions.
“We’re serious about the safety of our waters and the well-being of Canadians, and that’s why we’re introducing these amendments and raising the maximum penalty,” Rodriguez said.

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Belships expands ultramax newbuild campaign - Splash247

Bellship operate a modern uniform fleet of Ultramax bulk carriers, represent the largest dry bulk vessel segment equipped with loading and discharging cranes. This makes the vessels the most versatile and therefore often load or discharge from barges, other ships or directly into production or storage facilities in most ports in the world. Our vessels are eco-design and combine higher cubic cargo capacity with the lowest fuel/energy consumption available in the market today:

Total # of Vessels; 40
Average age: about 4 years
Total DW Tonnage: 2.507 million m.t.

PS> That is more DWT in worldwide trade than many National Fleets.

Source: https://www.belships.com/